Matt Taibbi: A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals

Is the SEC Covering Up Wall Street Crimes? A whistleblower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals. Imagine a world in which a man who is repeatedly investigated for a string of serious crimes, but … Read more

Knights of Columbus File Amended Complaint | “It is apparent that the defendant knowingly failed in its obligation to receive, process, maintain, and hold all or part of the mortgage files”

SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK ——————————————————- KNIGHTS OF COLUMBUS,  Plaintiff,  v.  THE BANK OF NEW YORK MELLON,  Defendant.  ——————————————————- AMENDED COMPLAINT SUMMARY 1. This action originally requested the Court to order an immediate accounting of two trusts known as CWALT 2005-6CB and CWALT 2006-6CB. These trusts hold residential … Read more

‘Bah Humbug’ Case Dismissed | NY Judge Arthur Schack Stops Christmas Eve Foreclosure – Downey Savings and Loan Association FA v. Trujillo

NY judge stops Christmas Eve foreclosure ‘Bah Humbug’ he says, allowing Brooklyn man to keep his home NEW YORK — Shouting “Bah, humbug!,” a New York judge threw out the planned foreclosure against a Brooklyn man based on an alleged fraudulent Christmas Eve phone call confirming the paperwork was in place to take his home away. … Read more

Nevada AG, Catherine Cortez Masto, Joins States Balking at Bank Releases in Foreclosure Practices Deal

  Nevada Joins States Balking at Bank Releases in Foreclosure Practices Deal A possible settlement of a 50-state probe of foreclosure practices drew more state scrutiny as Nevada’s attorney general joined three other states in voicing concern about a deal that protects banks from continuing mortgage investigations. Nevada Attorney General Catherine Cortez Masto, whose office … Read more

N.J. Judge Allows 4 Major Banks to Resume Uncontested Fraudclosure Proceedings

For Bank of America’s Home Loan Servicing division, Williams wrote that the company’s submissions showed “that it has processes and procedures in place” to ensure the information it submits in foreclosure cases is based on personal knowledge of the relevant records, “which were made in the regular course of business.” ~ N.J. judge allows 4 … Read more