Ocwen Faces Possible Delisting From NYSE

Ocwen Faces Possible Delisting From NYSE Failure to file 2014 financial statement is cited Ocwen Financial Corp. disclosed late Monday after the market closed that it had been threatened with a possible delisting by the New York Stock Exchange for failing to file its 2014 annual financial statement on time, and that it wasn’t certain … Read more

KABOOM: BANK OF AMERICA, N.A., vs PATE AFFIRMED – Homeowners Awarded $250,000 in Punitive Damages Due to Unclean Hands and Fraud

KABOOM: BANK OF AMERICA, N.A., vs PATE AFFIRMED – Homeowners Awarded $250,000 in Punitive Damages Due to Unclean Hands and Fraud BANK OF AMERICA, N.A., AND THIRD-PARTY DEFENDANT, HOMEFOCUS SERVICES, LLC, Appellants, v. PHILLIP V. PATE AND BARBARA PATE, ROBERT L. POHLMAN AND MARCIA L. CROOM, Appellees. IN THE DISTRICT COURT OF APPEAL FIRST DISTRICT, … Read more

Emails Reveal Lobbyist, Howard Glaser, Had Undisclosed Role In Cuomo Financial Crisis Investigation

Emails Reveal Lobbyist Had Undisclosed Role In Cuomo Financial Crisis Investigation by Justin Elliott ProPublica The Albany Times Union co-published a version of this story. Previously undisclosed emails by a mortgage industry lobbyist doubling as a consultant for then Attorney General Andrew Cuomo show the lobbyist played a self-described “critical role” in one of Cuomo’s … Read more

The Effect of the Great Recession on Child Well-Being

The Effect of the Great Recession on Child Well-Being While the Great Recession technically ended in June 2009, many families, including those with children, continue to feel the effects of the United States’ most serious economic contraction since the Great Depression. As of 2013, 14.7 million children were in poverty, a significant increase from the … Read more

JP Morgan, Justice Department Reach $50 Million ‘Robosigning’ Settlement

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, March 3, 2015 U.S. Trustee Program Reaches $50 Million Settlement with JPMorgan Chase to Protect Homeowners in Bankruptcy Settlement Addresses Robo-Signing and Other Improper Practices in Bankruptcy Cases The Department of Justice’s U.S. Trustee Program (USTP) has entered into a national settlement agreement with … Read more