Restoration of the Protecting Tenants at Foreclosure Act 2018

Posted by 4closureFraud on September 18, 2018 · Leave a Comment 

Restoration of the Protecting Tenants at Foreclosure Act 2018 Congress Permanently Authorizes the Protecting Tenants at Foreclosure Act President Trump signed into law a permanent extension of the “Protecting Tenants at Foreclosure Act” (PTFA) on May 24. The PTFA was included in a larger deregulation bill (S. 2155) passed by the House on May 22. … Read more

Category bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Retrospectives of the Financial Crisis Are Leaving Out the Most Important Part—Its Victims

Posted by 4closureFraud on September 15, 2018 · 3 Comments 

Retrospectives of the Financial Crisis Are Leaving Out the Most Important Part—Its Victims BY David Dayen Because I’m a masochist, I’ve read as many retrospectives as I could about the 10th anniversary of the fateful failure of Lehman Brothers, the emblematic event of the financial crisis. And I can’t help but notice a gaping hole … Read more

Category bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosure Tales, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, securities fraud

RMBS: SEC Charges Moody’s With Internal Controls Failures and Ratings Symbols Deficiencies

Posted by 4closureFraud on August 29, 2018 · 1 Comment 

SEC Charges Moody’s With Internal Controls Failures and Ratings Symbols Deficiencies FOR IMMEDIATE RELEASE 2018-169 Washington D.C., Aug. 28, 2018 — The Securities and Exchange Commission today announced that Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges … Read more

Category bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Mass Layoffs At Wells Fargo As A Result Of Slumping Housing Market

Posted by 4closureFraud on August 24, 2018 · 1 Comment 

Mass Layoffs At Wells Fargo As A Result Of Slumping Housing Market Whether due to the collapse of its “reputable” public image following a relentless barrage of client scandals, the Fed’s recent historic crackdown on the company due to its culture of fraud, or simply because the US housing market has sharply rolled over, last … Read more

Category bankruptcy, cdo, cds, Corruption, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Mortgage Fraud, securities fraud

America’s Banks Have Never Made More Money

Posted by 4closureFraud on August 23, 2018 · 1 Comment 

American banks just had their most profitable quarter ever. Again. Tax cuts helped drive bank profits to a record $60.2 billion in the second quarter, the FDIC says. That easily topped the $56 billion in profit that banks hauled in during the first quarter. Bank profits jumped 25% in the second quarter from a year … Read more

Category bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Fannie-Freddie Scraps Program for Single Family Rental Home Investors

Posted by 4closureFraud on August 22, 2018 · Leave a Comment 

Single Family Rental-Home Investors FHFA says pilot program showed market performing successfully Effort has drawn criticism over deals with Wall Street firms The U.S. regulator for Fannie Mae and Freddie Mac is shutting down a controversial program that subsidizes loans for firms investing in single family rental homes, saying the market can function well without … Read more

Category bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud