IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC

IN RE Baroni: California Court Holds That HELOCS Are Not Negotiable Instruments Under the UCC From the Opinion… The HELOC Is Not a Negotiable Instrument Section 104.3104 of Nevada’s Uniform Commercial Code provides that, among other things, “‘negotiable instrument’ means an unconditional promise or order to pay a fixed amount of money.” Nev. Rev. Stat. … Read more

“A Full-Blown Scandal” – Statement from NYC Comptroller on Mismanagement at Wells Fargo

Statement from NYC Comptroller Scott M. Stringer on New Revelations of Mismanagement at Wells Fargo This is a full-blown scandal — again. It’s unbelievable, outrageous, sad, and yet quintessential Wells Fargo. This isn’t just a corporate debacle. It’s caused real human harm. It’s reflective of a system that Americans feel is rigged against the little … Read more

Not Fake News: Wells Fargo Forced Unwanted Auto Insurance On 800,000 Borrowers

Wells Fargo Forced Unwanted Auto Insurance On 800,000 Borrowers One year after Wells Fargo was busted in the biggest post-financial crisis scandal, when Warren Buffett’s favorite bank was exposed for fraudulently “cross-selling” bank products, including creating millions of credit cards and bank accounts to its customers that were never requested, and which cost the former … Read more

America’s Top Prosecutors Used to Go After Top Executives. What Changed?

“With its broad historical scope, Eisinger’s book lacks the juicy, infuriating details of “Chain of Title,” David Dayen’s chronicle of foreclosure fraud — another instance of white-collar crime that went largely unpunished… But for someone familiar with the political landscape of the contemporary United States, Eisinger’s account has the ring of truth.” ~ THE CHICKENSHIT … Read more

Fresh Look: HarvardJCHS State of the Nation’s Housing 2017 – 39 Million Households Can’t Afford Their Homes

HarvardJCHS State of the Nation’s Housing 2017 – 39 Million Households Can’t Afford Their Homes HO LEE FUK! 39 Million Households are Paying More for Housing Than They Can Afford Rising housing costs are putting a major squeeze on Americans. Nearly 39 million households can’t afford their housing, according to the annual State of the … Read more

The Irony: Ocwen Sues Fidelity Information Services Over ‘Fraudulent, Abusive Billing Scheme’

The Irony: Ocwen Sues Fidelity Information Services Over ‘Fraudulent, Abusive Billing Scheme’ Ocwen Financial Corp. has filed a lawsuit in California Superior Court alleging that Fidelity Information Services LLC (FIS) inflated its monthly rate and charged Ocwen for a variety of expenses while serving as its monitor for a 2015 mortgage servicing settlement case. According … Read more