Fail Stamp

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

Hats of a Robo-signer

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

Stealing One Home at a Time

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

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

chain

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

stumpf-jail

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

stumpf-jail

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

fraudclosureCuffsCrime

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