First Look: New Linda Tirelli Suit Against Bank of America

First Look: New Linda Tirelli Suit Against Bank of America Cross-posted from LiberyRoadMedia Attorney Linda Tirelli, a rockstar in the arena of foreclosure defense, has just filed an adversarial bankruptcy suit in the Southern District of New York naming the following as defendants: Bank of America, Nationstar, U.S. Bank, and Recontrust. As many former and soon-to-be-former … Read more

Watch: David Dayen’s Keynote Address to The National Consumer Law Center

David Dayen’s Keynote Address about Chain of Title to the National Consumer Law Center In the depths of the Great Recession, a cancer nurse, a car dealership worker, and an insurance fraud specialist helped uncover the largest consumer crime in American history—a scandal that implicated dozens of major executives on Wall Street. They called it … Read more

Trashed Out: Homeowners Claim They Were Burglarized By Their Banks

Homeowners Claim They Were Burglarized By Their Banks MORRIS, N.J. (CBSNewYork) — Being burglarized is among a homeowner’s worst nightmares. Now, imagine the intruder is actually sent there by your bank. Those break-ins happen more often than you might think. “All the cabinets were open, everything was in disarray,” Davide Adier recalled. What’s worse say owners  … Read more

CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data

CFPB Puts 44 Mortgage Lenders and Brokers on Notice That They May Be Required to Report Mortgage Data WASHINGTON, D.C. –(ENEWSPF)–October 27, 2016.  Today the Consumer Financial Protection Bureau (CFPB) is issuing warning letters to 44 mortgage lenders and mortgage brokers. The Bureau has information that appears to show they may be required to collect, … Read more

On a Roll: Nationstar’s Mortgage Mess Nearly Costs Public Defender Her Home

Mortgage mess nearly costs lady her home “I literally thought I was going to have a heart attack.” Paterson homeowner, Tana McPherson, couldn’t figure out why she was slapped with a tax lien on her condo, but there it was in black and white. “It’s shocking to get something in the mail like that especially … Read more

Fraudclosure: Nationstar’s Mortgage Mistake Nearly Leads to Foreclosure Mortgage mistake nearly leads to foreclosure A mortgage mistake nearly cost a St. Charles County woman her condo. Kathleen Rasmussen claims she paid Texas based Nationstar each month. “I don’t want to lose the roof over my head, I should not be in foreclosure.” Rasmussen provided News 4 with letters from Nationstar along with returned … Read more

Pathetic: Wells Fargo Steps Up Scandal Control With TV Ad Over Bogus Accounts

Wells Fargo Steps Up Scandal Damage Control With TV Ad Push Reminds me of the GMAC videos when they changed their name to Ally after they got busted stealing the homes of millions of people… If you haven’t seen them, I embedded a few below. Wells Fargo & Co., trying to quell a scandal that … Read more

Way Too Little, Way Too Late: Department of Justice to Sue Moody’s Over Pre 2008 Mortgage Securities Ratings

Feds to sue Moody’s over mortgage securities ratings The Department of Justice plans to sue Moody’s over valuations the company assigned to mortgage-backed securities in the run-up to the nation’s financial crisis in 2008, the financial ratings giant said Friday. Investors sent Moody’s (MCO) shares down more than 5.4% or $5.85 to a $102.24 close. Prosecutors wrote in a … Read more