CLASS ACTION AMENDED against MERSCORP to include Shareholders, DJSP

Via StopForeclosureFraud Kenneth Eric Trent, P.A. of Broward County has amended the Class Action complaint Figueroa v. MERSCORP, Inc. et al filed on July 26, 2010 in the Southern District of Florida. Included in the amended complaint is MERS shareholders HSBC, JPMorgan Chase & Co., Wells Fargo & Company, AIG, Fannie Mae, Freddie Mac, WAMU, … Read more

Bank of America via Countrywide Foreclosing on Home AFTER Short Sale Deal was Finalized and Bank was Paid

CALL FOR ACTION: WINK gets results after case of bad bank communication ~ Excerpts from the report LEE COUNTY, Fla. – WINK News fixes another case of bad bank communication.  Cape Coral homeowners spent a year trying to avoid a foreclosure.  Finally, they closed on a short sale; but their problems didn’t end there.  A … Read more

The Shell Game Continues – Media Picks up on Investor Settlements but Where Does the Money Go and Why?

The shell game continues. While the media picks up stories about “settlements” giving rise to the presumption that Countrywide Home Loans and Bank of America and the rest of the securitization players committed various violations of statutes, duties, rules and regulations, the main point gets lost. Where is this money going and WHY? What is … Read more

Fannie Mae Execs Were Showered With Countrywide VIP Loans

In a letter to the Federal Housing Finance Agency – the government agency that regulates Fannie Mae and a smaller competitor, Freddie Mac – Issa said Countrywide’s 153 loans to 37 Fannie employees were part of a attempt to vastly expand business with Fannie to the detriment of Freddie. Though government-chartered institutions, both Fannie and … Read more

Oregon Sues Countrywide Over Pension Fund Losses Associated with Risky Mortgage-Backed Securities

Here we go again… Man, these investors must of been really stupid, really greedy, or both. Guess they got in over their heads and were livin above their means… If they couldn’t afford to lose their investment, they shouldn’t of put their money into it. I have no idea what they could of been thinking… … Read more

KABOOM – JPMorgan Chase, Credit Suisse, Bank of America, Barclays, Citigroup, Countrywide, Deutsche Bank, Goldman Sachs, Merrill Lynch, Morgan Stanley, UBS et al Sued For FRAUD

Here are some nice gems from a suit filed in Massachusetts this past Friday July 09, 2010. (see complaint below) It has two pages of Defendants… How could of all these investors been defrauded by Wall Street, SHOULDN’T THEY OF KNOWN BETTER? How could of all these investors been defrauded by Wall Street without the … Read more

Foreclosure Fraud – BAC / Countrywide Must Pay $108 Million for Illegally Overcharging Struggling Homeowners; Loan Servicer Inflated Fees, Mishandled Loans of Borrowers

For Release 06/07/10 Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will … Read more

Corporate America Pays Price for Arrogance in Taking Family’s Home

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Corporate America pays price for arrogance in taking family’s home John L. Smith A stone against a giant. David dropped Goliath with a well-placed rock. But in corporate America, the best most little guys can hope … Read more