A Fine for Doing Good – The Justice Department Sues Bank for Prudent Lending, Settles Case for $2 Million

A Fine for Doing Good – The Justice Department Sues Bank for Prudent Lending, Settles Case for $2 Million From today’s WTF report… Banks have been widely castigated for causing the housing bust by lending too much to borrowers who couldn’t repay, but now Eric Holder’s Department of Justice has taken its antidiscrimination campaign to … Read more

Evictions Process Even More Cautious in Wake of Deadly Shootings (VIDEO)

Stanislaus County evictions process even more cautious in wake of deadly shooting When two Stanislaus County sheriff’s deputies recently went to evict a man from his home on Crane Road on the outskirts of Oakdale, they found a note from him taped to the door. Handwritten in pencil on the back of a yellow flier … Read more

Consent Order | OCC Takes Actions Against Capital One to Assure Servicemembers’ Receive Credit Protections for Their Mortgages and Other Loans

OCC Takes Actions Against Capital One to Assure Servicemembers’ Receive Credit Protections for Their Mortgages and Other Loans WASHINGTON – The Office of the Comptroller of the Currency (OCC) today announced enforcement actions against Capital One, N.A., and Capital One Bank (USA), N.A., for violations and compliance deficiencies related to the Servicemembers Civil Relief Act … Read more

Alison Frankel | What’s Missing from Delaware’s Settlement with Mortgage Electronic Registration Systems? (MERS)

Pick me, pick me! I know the answer! HANDCUFFS!!! ~ What’s missing from Delaware’s settlement with MERS? When Delaware Attorney General Beau Biden filed his suit against the Mortgage Electronic Registration Systems last October, I wrote that the complaint should cause shivers in the securitization industry. Biden’s suit didn’t just assert that MERS didn’t have … Read more

Foreclosure act winds through state legislature (VIDEO)

~ 4closureFraud.org

KABOOM | JPMORGAN FAILED TO ENSURE THAT TITLE TO THE UNDERLYING MORTGAGE LOANS WAS EFFECTIVELY TRANSFERRED

Yesterday we put up John Hancock Life Insurance Co. v. JPMorgan Chase | JPMorgan Chase Sued by John Hancock Life Over Mortgage-Backed Securities. Unfortunately I do not have time to read every complaint I put up. That is what I rely on you all for. Well, someone just brought to my attention section IX from … Read more