Single-Family Rental Industry: Companies Keep Tenant Security Deposits, Pad Move-Out Statements, Turn Former Tenants’ Accounts Over to Debt Collectors

Single-Family Rental Industry: Companies Keep Tenant Security Deposits, Pad Move-Out Statements, Turn Former Tenants’ Accounts Over to Debt Collectors Second Class Petty Officer Jonathan Stacy had always thought of himself as capable of handling whatever the U.S. Navy threw at him. Then he met his match: American Homes 4 Rent, the Agoura Hills, California-based real … Read more

Fraudclosure: What is Wrong with Florida’s Third District Court of Appeal Foreclosure Cases?

What is Wrong with Florida’s Third District Court of Appeal? Statistics from every Florida District Court of Appeal show something is wrong with the Third District’s handling of foreclosure cases. By Evan M. Rosen Fort Lauderdale, Florida (February 8, 2018) – Statistics reveal what experienced Florida foreclosure attorneys already know, the Third District Court of … Read more

FL 3rd DCA Reverses Ruling That Found HSBC Forged Mortgage Documents

Miami Court Wipes Ruling That Found HSBC Forged Mortgage Documents A state judicial panel remanded the case to the trial court to enter a final judgment of foreclosure. A Florida appellate court vindicated HSBC Bank USA N.A., reversing a Miami-Dade Circuit judge who’d found the lender forged mortgage documents to prosecute a real estate foreclosure. Citing seven points … Read more

S&P Downgrades Wells Fargo On “Unprecedented Regulatory Issues”

S&P Downgrades Wells Fargo On “Unprecedented Regulatory Issues”: Full Report Wells Fargo & Co. Downgraded To ‘A-/A-2’ From ‘A/A-1’ On Prolonged Regulatory And Governance Issues; Outlook Is Stable On Feb. 2, Wells Fargo & Co. (“Wells”) became subject to a consent order from the Federal Reserve that caps the company’s asset growth until it further … Read more

Miami Judge Sanctions Tampa-Based Albertelli Law, Treasury Secretary Mnuchin’s Former Bank for ‘Frivolous’ Foreclosure

Miami Judge Sanctions Law Firm, Treasury Secretary Mnuchin’s Former Bank for ‘Frivolous’ Foreclosure Treasury Secretary Steven Mnuchin’s former bank and its attorney face a separate hearing to set punishment. Miami-Dade Circuit Judge Pedro P. Echarte Jr. sanctioned Treasury Secretary Steven Mnuchin’s former bank, California-based OneWest Bank, and its law firm for filing a frivolous foreclosure … Read more

Wells Fargo Just Reported The Worst Mortgage Number Since The Financial Crisis

Wells Fargo Just Reported The Worst Mortgage Number Since The Financial Crisis When we reported Wells Fargo’s Q3 earnings back in October, we drew readers’ attention to one specific line of business, the one we dubbed the bank’s “bread and butter“, namely mortgage lending, and which as we then reported was “the biggest alarm” because … Read more