Articles Related To Mortgage Servicing Fraud – h/t Home Equity Theft Reporter In September 2010, Residential Credit Solutions began rejecting Hammer’s monthly payments and refused to acknowledge the existence of the loan modification. RCS then proceeded to prosecute two separate foreclosure actions against Hammer, despite the fact that Hammer, still to this day, has tendered all of her monthly payments as required under the loan modification agreement.
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The Daily Messenger: April 2016 – The Mortgage Market Is Manipulated Goldman Sachs and Wells Fargo admitted this week that they fraudulently manipulated the mortgage and mortgage backed securities markets. Indeed, the entire housing bubble which crashed in 2007 was caused by manipulation.
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Sense and Nonsense on the Mortgage Restructuring Plan and the. – Sense and Nonsense on the Mortgage Restructuring Plan and the Alleged Losses it Inflicts on Investors. Author: Nouriel Roubini December 6th, 2007 Share This Print I have already commented before on why an across-the-board (like in the Treasury/banks plan) rather than a case-by-case approach to sub-prime mortgage restructurings makes sense.
News for August 2009 – ConsumerAffairs – If convicted, Gonzales faces up to 20 years in prison on the wire fraud conspiracy charge and an additional five years in prison on the conspiracy charge, as well as a fine of $250,000 for each.
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News related to the Foreclosure Crisis – MSFraud.org – Home Equity Theft Reporter: Wells Fargo Bank agreed to pay $42 million to settle a complaint that it failed to maintain foreclosed properties in minority neighborhoods, turning the vacant houses into dilapidated eyesores. The housing groups filed similar complaints against Bank of America and U.S. Bancorp, which are still pending.
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While prices remain well off their bubble highs in Nevada, California, Florida and Arizona. Many analysts remain bullish. Rising home values could prompt mortgage lenders to relax their stringent.