American Greed: Goodfella Gone Bad – Dom Rabuffo Enters Witness Protection Only to Start New Life of Crime in Mortgage Fraud

American Greed: Goodfella Gone Bad – Dom Rabuffo Enters Witness Protection Only to Start New Life of Crime in Mortgage Fraud Seven Florida residents, including two Hillsborough County businessmen, were sentenced to federal prison after they were convicted by a Miami jury in 2014. The scheme involved 85 “straw buyers,” mostly from Florida, who pretended … Read more

Racial Bias or Wall Street Greed: The New Role of Private Investment Firms in Federal Housing

Racial Bias or Wall Street Greed: The New Role of Private Investment Firms in Federal Housing A nonprofit law firm in New York is suing the federal Department of Housing and Urban Development (HUD) and a private equity firm (that reports capital commitments of $65 billion). MFY Legal Services filed suit in Brooklyn, claiming the … Read more

And So The Story Goes… Lorraine Brown: Michigan Sets Parole for DOCX ‘Linda Green’ Robo-Signer

“As for the fraudulent “Linda Green” documents created by Lorraine Brown, DocX and Lender Processing Services, they continue to circulate in county recorder offices and local courtrooms.” ~ And So The Story Goes… Lorraine Brown: Michigan Sets Parole for DOCX ‘Linda Green’ Robo-Signer Brian J. O’Connor, Detroit News Finance Editor  The only person jailed in … Read more

Public Policy and the Mortgage Market: Industry Experts Talk Emerging Mortgage Servicing Issues

https://www.c-span.org/video/?414084-1/seminar-focuses-public-policy-mortgage-market Public Policy and the Mortgage Market: Industry Experts Talk Emerging Mortgage Servicing Issues Public Policy and the Mortgage Market Experts in housing finance talked about public policy issues relevant to the mortgage market. They discussed the current state of the mortgage servicing market, rules governing home loan lenders, and improvements the industry could pursue … Read more

The Court That Rules The World: The Secret Justice System That Lets Executives Escape Their Crimes

The Secret Justice System That Lets Executives Escape Their Crimes A parallel legal universe, open only to corporations and largely invisible to everyone else, helps executives convicted of crimes escape punishment. Imagine a private, global super court that empowers corporations to bend countries to their will. Say a nation tries to prosecute a corrupt CEO … Read more

Woman Found in Foreclosed Home Had Been Dead For Over a Year

Woman Found in Foreclosed Home Had Been Dead For Over a Year A woman’s body was discovered in a foreclosed Fountain home, and police believe she may have been there for more than a year. bought in an auction by a Colorado Springs realtor. He didn’t go inside until August 11, and that is when … Read more

“I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing

“I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing One month ago, we said that “it is not looking good for the US housing market”, when in the latest red flag for the US luxury real estate market, we reported that sales in the … Read more

AIG Reaches Deal to Sell Mortgage Insurance Unit

AIG Reaches Deal to Sell Mortgage Insurance Unit The United Guaranty sale to Arch Capital Group will create the world’s largest private mortgage insurer American International Group Inc. said late Monday afternoon that it had reached an agreement to sell its mortgage insurance unit, United Guaranty Corp., to Bermuda-based Arch Capital Group for about $3.4 … Read more