Prosecutors and Judges Have Brought Back Debtors’ Prisons

Prosecutors and Judges Have Brought Back Debtors’ Prisons A new report details how easily you can be put in jail simply for owing a company money. By David Dayen One of the defining features of my work has been the loss of integrity in the justice system, not just because of separate tiers of accountability … Read more

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

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

Fraudclosure: Now Hiring – Select Portfolio Servicing Chain of Title Specialist

Fraudclosure: Now Hiring – Select Portfolio Servicing Chain of Title Specialist Job Summary: Provides assistance in demonstrating the Investor has the appropriate legal authority to initiate actions through a complete Chain of Title, by recognizing and preparing the required documents to complete the Note with applicable Endorsements, along with any Assignments and other necessary legal … 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