Foreclosure Fraud: The Inside Story Behind The Appeals Court Reversal of PennyMac v. Sanbria

Foreclosure Fraud: The Inside Story Behind The Appeals Court Reversal of PennyMac v. Sanbria By Matthew D. Weidner, Esq. On Friday July 15, 2016, Florida’s Second District Court of Appeals reversed a Final Judgment of Foreclosure that was entered against my client in the case, PennyMac v. Sanbria. The full opinion is here: Sanbria The … Read more

Wells Fargo to Pay $16 Million to Settle TCPA Class Action

“The Settlement provides excellent value for the class. “Specifically, Wells Fargo will pay a non-reversionary cash sum of approximately $16,319,000, to be distributed (after deductions for cost of notice, claims administration, and Court-awarded attorneys’ fees and costs) on a pro rata basis to the Class Members who file qualified claims.” ~ Wells Fargo to pay … Read more

FEDSPEAK: The Causes of Household Bankruptcy – The Interaction of Income Shocks and Balance Sheets

The Causes of Household Bankruptcy: The Interaction of Income Shocks and Balance Sheets Abstract We examine how household balance sheets and income statements interact to affect bankruptcy decisions following an exogenous income shock. For identification, we exploit government payments in one but not any other Canadian province that varied exogenously based on family size. Receiving … Read more

You’re Fired! Bank of America Needs You! (To Help It Cut Billions In Costs)

Layoffs Watch ’16: Bank of America Needs You! (To Help It Cut Billions In Costs) The good news: cutting four-figures worth of employees last quarter helped Bank of America lower costs by 3.3 percent, to $13.5 billion. The less good news: there’ll be a whole lot more where that came from, as Brian Moynihan is … Read more

The Dark Side of Reverse Mortgages: Are You Better Off Without One?

“This is just the next piece of candy for baby boomers. What has amazed me is how slow they [lenders] are to foreclose. They don’t move quickly, but when they do, it’s messy.” ~ The Dark Side of Reverse Mortgages: Are You Better Off Without One? In the last few months, I’ve written some positive columns about … Read more

FEDSPEAK: Is Rising Unemployment an Early Warning of State-Level Recession?

  Is Rising Unemployment an Early Warning of State-Level Recession? Abstract Based on experience with national unemployment, analysts have viewed sharply higher state joblessness as signaling possible further deterioration. However, analyses indicate increasing state-level unemployment by itself does not indicate a recession, and that applying rule-of-thumb properties regarding recession to state economies is misguided. Full … Read more

Stop The Big Lie

Stop The Big Lie Our home is in foreclosure. President Obama, Congress and Senate members along with the Banks created the biggest lie in history of this nation to strip us of our rights and property. The big banks and Wall Street and the lobbyist have destroyed our economy, by creating tent cities for families … Read more

Husky International Electronics Inc. v. Ritz: Supreme Court Clarifies the Standard for Actual Fraud

Supreme Court Clarifies the Standard for Actual Fraud On May 16, 2016, the United States Supreme Court decided Husky International Electronics Inc. v. Ritz, holding by a 7-1 vote that the “actual fraud” standard found at 11 U.S.C. Section 523(a)(2)(A) encompasses fraudulent transfer schemes, even when these schemes do not have a fraudulent representation or … Read more