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

WSJ: Defunct NJ ‘Foreclosure Mill’ Sues Wells Fargo Over Robo-Signing

Defunct Law Firm Sues Wells Fargo Over Foreclosure Work A New Jersey law firm that helped Wells Fargo Bank N.A. foreclose on thousands of homeowners has sued the lender, saying the bank’s delayed efforts to fix its robo-signing problems led the law firm to collapse. Lawyers for the Zucker, Goldberg & Ackerman law firm, which … Read more

Couple Loses Foreclosure Battle Never Missing a Single Payment

Action 9: Couple loses foreclosure battle ORANGE COUNTY, Fla. – An Apopka couple is being kicked out of their home after losing an eight-year foreclosure battle in court. The couple’s own records show they never missed making a mortgage payment, but their lender had a different set of books that showed otherwise. Action 9’s Todd … Read more

FHA Paid Claims for an Estimated 239,000 Properties That Servicers Did Not Foreclose Upon or Convey on Time

FHA Paid Claims for an Estimated 239,000 Properties That Servicers Did Not Foreclose Upon or Convey on Time Date Published: Friday, October 14, 2016 Publication/Report Type: Audit Reports Report Number: 2017-KC-0001 Program Area(s): Federal Housing Administration (FHA), Single Family Housing State: District of Columbia Funding: Summary: The U.S. Department of Housing and Urban Development (HUD), … Read more