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

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

Now Hiring: Select Portfolio Servicing (SPS) Foreclosure Chain of Title Specialist

Now Hiring: Select Portfolio Servicing (SPS) Foreclosure Chain of Title Specialist Once again, I applied and you should too… Job Summary: Provides assistance in demonstrating the Investor has the appropriate legal authority to initiate actions through a complete Chain of Title, by recognizing and preparing the required documents to complete the Note with applicable Endorsements, … Read more

JPMorgan CFO: We’ve Found Some Cross-Selling Issues, But…

JPMorgan CFO: We’ve Found Some Cross-Selling Issues, But… JPMorgan CFO Marianne Lake said Friday that her bank is conducting a “deep dive” into potential cross-selling issues. “I’ve found no systemic issues,” she said. Lake, however, explained that “it’s impossible to have zero defects,” acknowledging that there have been some instances of cross-selling issues of their … Read more