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

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

Robert Scheer and David Dayen Uncover Untold Stories of the Mortgage Crisis

Robert Scheer and David Dayen Uncover Untold Stories of the Mortgage Crisis In this week’s episode of “Scheer Intelligence,” Truthdig Editor in Chief Robert Scheer speaks with David Dayen, author of the book “Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud.” Dayen and Scheer discuss the federal government’s failure to … Read more

Search Warrant: Criminal Probe Launched Against Wells Fargo on Allegations of Identity Theft Over Bogus Accounts

California attorney general investigating Wells Fargo on allegations of criminal identity theft The California Department of Justice is investigating Wells Fargo & Co. on allegations of criminal identity theft over its creation of millions of unauthorized accounts, according to a search warrant sent to the bank’s San Francisco headquarters this month. The warrant and related documents, … Read more

Pulling Out: Massachusetts Becomes Latest State to Penalize Wells Fargo

Massachusetts Becomes Latest State to Penalize Wells Fargo Treasurer pulls bank from list of approved bond underwriters California, Illinois and Ohio have suspended firm amid furor Massachusetts became the latest state to penalize Wells Fargo & Co. over its bogus accounts scandal by pulling the bank from a list of approved bond underwriters. Treasurer Deborah … Read more