MF’s Corzine Ordered $200 Million of Customer Funds Moved to JP Morgan, Memo Says
MF’s Corzine Ordered Funds Moved to JP Morgan, Memo Says Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer fund account to meet an overdraft in a brokerage account with JPMorgan Chase & Co. (JPM), according to a memo written by congressional investigators. … Read more
SEC Files Subpoena Enforcement Action Against Wells Fargo for Failure to Produce Documents in Mortgage-Backed Securities Investigation
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 22305 / March 23, 2012 Securities and Exchange Commission v. Wells Fargo & Company, Civil Action No. CV-1280087 CRB Misc. (N.D. Cal. March 23, 2012) SEC Files Subpoena Enforcement Action Against Wells Fargo for Failure to Produce Documents in Mortgage-Backed Securities Investigation The Securities and Exchange Commission … Read more
Oakland County, MI Wins Federal Suit Against Fannie/Freddie for Transfer Taxes on Deeds
Fannie Mae, Freddie Mac must pay Oakland taxes, judge rules Detroit federal judge Victoria Roberts declared a summary judgment Friday for Oakland County in a lawsuit seeking that Fannie Mae and Freddie Mac pay transfer taxes on the deeds recorded by the county. The judge ruled in a 16-page decision that the Federal National Mortgage … Read more
Infographic | The One Percent vs the Average American
~ 4closureFraud.org Tweet
OCC Calls for Papers Commemorating 150 Years of the National Banking System
OCC Calls for Papers Commemorating 150 Years of the National Banking System WASHINGTON — The Office of the Comptroller of the Currency today announced a call for proposals for papers on the history of the OCC, the national banking system, bank and thrift regulation and supervision, and related topics. The OCC and the national banking … Read more
GSE’s to Taxpayers – We Need More Money! As They Spend $600K at MBA Convention
GSEs Spend $600K at MBA Convention Prompting OIG Review This is the third of three evaluation reports released today by the Federal Housing Finance Agency’s (FHFA) Office of Inspector General (OIG) regarding the oversight of activities of the government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac by FHFA. This evaluation concerns the GSEs participation … Read more
Max Gardner & Nye Lavalle Together in Concert – A Mandelman Matters Podcast
It’s almost been 15 years since Max Gardner and Nye Lavalle met at a conference sponsored by National Consumer Law Center that was held in Colorado, and quickly found themselves viewed as, well… heretics might be the right word. The two became fast friends based on their shared views related to the mortgage servicing industry… … Read more
Lee Camp | How To Stop Ourselves From Being Destroyed From The Inside
Explicit Language so Viewer Discretion Advised There is a virus destroying us from the inside. Why would let it grow? Why would we foster and nurture it? [More at www.LeeCamp.net] ~ 4closureFraud.org Tweet
Fannie and Freddie: Slashing Mortgages Is Good Business
Fannie and Freddie: Slashing Mortgages Is Good Business by Jesse Eisinger, ProPublica, and Chris Arnold, NPR A version of this story was co-published with NPR News and broadcast on NPR’s Morning Edition. New analyses by mortgage giants Freddie Mac and Fannie Mae have added an explosive new dimension to one of the most politically charged … Read more
Businessweek | Whistle-Blower Lynn Szymoniak Beats the Banks
Photograph by Colby Katz for Bloomberg Businessweek Whistle-Blower Lynn Szymoniak Beats the Banks Attorney Lynn Szymoniak had spent her career investigating insurance fraud when Deutsche Bank (DB) moved to foreclose on her Florida home in 2008. Almost four years later, she’s still fighting the foreclosure. Yet the fraud by numerous banks she uncovered after combing … Read more
