Pam Bondi’s Fill in the Blank Press Release on the Fraudclosure Settlement
When I saw the cut and press release that was leaked to Yves over at Naked Capitalism I thought to myself, “now that this is out on the internet, no attorney general would use it. Well, guess what, Bondi did… How do I know the fill in the blank release was written by by Tom … Read more
Fraudclosure Settlement Breakdown Amount State by State
h/t Yves ~ 4closureFraud.org ~ State Settlement Amounts Tweet
Schneiderman: Civil & Criminal Investigations Will Continue As We Seek Accountability For Those Responsible For Crisis And Leverage Greater Relief For Homeowners
A.G. SCHNEIDERMAN SECURES $136 MILLION FOR STRUGGLING NEW YORK HOMEOWNERS IN MORTGAGE SERVICING SETTLEMENT After Schneiderman’s Persistence, Narrow Settlement Preserves Sweeping Legal Claims For Housing Crisis Misconduct That Has Not Yet Been Investigated New York To Receive More Per Underwater Borrower Than Any Other State, Plus Loan Modifications, Principal Reductions Schneiderman: Civil & Criminal Investigations … Read more
Joint State-Federal Foreclosure Settlement Flow Chart
~ 4closureFraud.org Tweet
Some Additional Foreclosure Fraud Settlement Details Released
Some Additional Foreclosure Fraud Settlement Details Released What is being called the “National Mortgage Settlement” is out, with a shiny new website featuring a happy couple being ripped off by their servicers. The monetary value breaks down as follows: $750 million in a payment to the federal government; $4.5 billion in direct payments to the … Read more
Fraudclosure Deal – You Have Been Sold Out
The Market Ticker – Fraudclosure — You Have Been Sold Out And people wonder why there are more and more folks who are saying (or should say) “**** it”, throw their hands in the air, make no investment in capital formation and just walk off? A multistate settlement with five large U.S. banks over foreclosure … Read more
Pam Bondi Press Release | Florida Enters $25 Billion Joint State-Federal Mortgage Servicing Settlement
Florida Enters $25 Billion Joint State-Federal Mortgage Servicing Settlement TALLAHASSEE, Fla.-Attorney General Pam Bondi today formally entered a landmark $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices. The proposed agreement provides an estimated $8.4 billion in relief to Florida homeowners and addresses … Read more
Federal Government and State Attorneys General Reach $25 Billion Agreement with Five Largest Mortgage Servicers to Address Mortgage Loan Servicing and Foreclosure Abuses
Federal Government and State Attorneys General Reach $25 Billion Agreement with Five Largest Mortgage Servicers to Address Mortgage Loan Servicing and Foreclosure Abuses $25 Billion Agreement Provides Homeowner Relief & New Protections, Stops Abuses WASHINGTON – U.S. Attorney General Eric Holder, Department of Housing and Urban Development (HUD) Secretary Shaun Donovan, Iowa Attorney General Tom … Read more
Attorney General Eric Holder Delivers Remarks at the Mortgage Servicers Settlement Press Conference
Attorney General Eric Holder Delivers Remarks at the Mortgage Servicers Settlement Press Conference Washington, D.C. ~ Thursday, February 9, 2012 Good morning. I’m pleased to join with Secretary Shaun Donovan; Attorney General for the State of Iowa, Tom Miller; Associate Attorney General, Tom Perrelli; HUD Inspector General, David Montoya; and Attorney General for the State … Read more
OCC Settles Civil Money Penalties Against Large National Bank Mortgage Servicers for $394 Million; Penalty Assessment Coordinated with Servicers’ Actions and Payments Under Federal-State Settlement
OCC Settles Civil Money Penalties Against Large National Bank Mortgage Servicers for $394 Million; Penalty Assessment Coordinated with Servicers’ Actions and Payments Under Federal-State Settlement WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced agreements in principle with four large national bank mortgage servicers to settle civil money penalties in connection … Read more
David Dayen | 49-State Foreclosure Fraud Settlement Will Be Finalized Today
49-State Foreclosure Fraud Settlement Will Be Finalized Thursday Forty-nine states, every one but Oklahoma, as well as federal regulators will participate in a foreclosure fraud settlement that will release the five biggest banks (Wells Fargo, Citi, Ally/GMAC, JPMorgan Chase and Bank of America) and their mortgage servicing units from liability for robo-signing and other forms … Read more
Attorney General Kamala D. Harris Secures $18 Billion California Commitment for Struggling Homeowners
Attorney General Kamala D. Harris Secures $18 Billion California Commitment for Struggling Homeowners LOS ANGELES – Attorney General Kamala D. Harris today announced an historic commitment to California of up to $18 billion that will benefit hundreds of thousands of homeowners in the state hardest hit by the mortgage crisis. “California families will finally see … Read more
NY Times | Push to Avert Foreclosures Hits Court Logjam
Push to Avert Foreclosures Hits Court Logjam The hearings that form the core of New York’s approach — special settlement conferences, which are required to try to modify mortgages to make them affordable — have become comic exercises slowed by endless paperwork, requests for additional information and the mysterious loss of documents. During a day … Read more
The Top Twelve Reasons Why You Should Hate the Mortgage Settlement
The Top Twelve Reasons Why You Should Hate the Mortgage Settlement As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are still being hammered out, various news outlets (New York Times, Financial Times, Wall Street Journal) have … Read more
