I think we will see many more articles like this as mortage brokers are arrested and arraigned because of shady deals that took place during the subprime debacle. If the broker and the borrower conspired together to defraud a mortgage company it is highly unlikely that the borrower will say anything for fear of going [...]
January 8, 2008 – 11:06 am
It pays to have an attentive lawyer when dealing with Countrywide. In breaking news of January 8 Countrywide admitted to fabricating documents related to the bankruptcy case of a Pennsylvania homeowner. Imagine how many similar cases are never identified. In the Countrywide case it is important to note that when the company invented the “letters” [...]
December 20, 2007 – 11:13 am
In the list of top 10 scams for 2007, Foreclosure rescue scams came in at number 7. As if people who fell behind on mortgage payments didn’t have enough troubles, an increasing number became victims of foreclosure rescue frauds. In the list of top 10 scams for 2007, Foreclosure rescue scams came in at #7.
November 28, 2007 – 12:30 pm
The federal agency monitoring the bankruptcy courts has subpoenaed Countrywide Financial, the nation’s largest mortgage lender and loan servicer, to determine whether the company’s conduct in two foreclosures in southern Florida represented abuses of the bankruptcy system. The subpoenas for Countrywide documents were issued in late October by the United States Trustee after the agency [...]
November 17, 2007 – 11:24 am
An article by Diane Francis appeared in the Financial Post on Saturday, November 17, 2007. Titled “Subprime mess is a crime story” the article outlined key issues. Diane said “At the top were mortgage lenders, then Wall Street and others who exported junk debts to lenders around the world after prettying them up. At the [...]
By Timothy Blake
|
Also posted in Analysis, Archives, Editorial, Government Positions, Opinion, Tax Debt
|
Tagged Analysis, Archives, bank, bankrupt, banks, depression, Derivatives, Editorial, government, Government Positions, HSBC, industry, Lenders, mortgage, mortgage broker, Mortgage Fraud, OCC, Opinion, regulators, SEC, subprime, Tax Debt, Wells Fargo
|
Subscribe to feed
Most Searched For