And it has Begun – Former Taylor Bean Chief Lee Farkas Charged With 16 Counts of Fraud

June 16 (Bloomberg) — Lee Farkas, the former chairman of Taylor, Bean & Whitaker Mortgage Corp., was accused by the U.S. of helping run a more than $1.9 billion fraud scheme that unsuccessfully attempted to steal money from the government’s Troubled Asset Relief Program. An indictment unsealed today in federal court in Alexandria, Virginia, alleges … Read more

Class Action – Bank of America Sued by Homeowners for Withholding Federal Bailout Funds

Bank of America Home Loans Date Filed: March 22, 2010 Court: U.S. District Court Location: Seattle Ticker Symbol: BAC Washington homeowners sued Bank of America claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure. Hagens Berman represents plaintiffs in the class-action lawsuit. Attorneys are interested to speak with other … Read more