Flagstar mortgage fraud lawsuit settled for 3 million By Katherine Yung The US government announced Friday that it had reached a $ 133-million settlement with Troy-based Flagstar Bank that resolves a civil fraud lawsuit accusing the bank of fraudulent mortgage lending practices. The lawsuit, filed by the … Read more on Detroit Free Press Wells [...]
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MORTGAGE REPOSSESSION by Fraud UK 2 inJustice no foundation 4a nation www. ART4JUSTICE.ORG
MORTGAGE REPOSSESSION by Fraud 2 inJustice no foundation 4a nation www. ART 4JUSTICE.ORG HUMAN RIGHTS ABUSE UK CORRUPTION FRAUD, OPPRESSION ABUSE OF LEGAL PROCESS UK MORTGAGE ARRANGEMENTS IN FACT OVERPAID FOR ENTIRE YEAR BEFORE POSSESSION PASSING LIES WITH EASE THROUGH COURT, RACISM PERSECUTION DISPOSSESSING BLACKS AFTER DECADES IN UK BEWARE DIRTY TRICKS IT COULD HAPPEN [...]
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Editorial: Mortgage fraud is overdue target for state prosecutors
Editorial: Mortgage fraud is overdue target for state prosecutors California homeowners and some former homeowners can take heart from this week’s announcement of a crackdown on mortgage fraud in the Golden State. Read more on Ventura County Star
Ex-RI senator to be sentenced for bank fraud
Ex-RI senator to be sentenced for bank fraud A former state senator convicted of bank fraud learns his fate this week. Christopher Maselli is scheduled to be sentenced Thursday in Providence federal court on charges that he improperly obtained $1.7 million in loans and mortgages. He’s asked a judge to sentence him to just one [...]
BofA Sued For Loan Modification Fraud
BofA Sued For Loan Modification Fraud Nevada and Arizona filed lawsuits against Bank of America, court papers show, claiming the bank undermines efforts to help homeowners modify mortgages. Read more on OfficialWire
Debt and Fraud Cause Repossessions to Soar
House repossessions have soared from the beginning of 2008, people who are hit hardest by these repossessions are borrowers who have borrowed more than they can afford against their property. Other causes that have emerged are fraudulent activity by property developers. Despite the recent 0.25% cut in base rates, which will reduce a typical £100,000 [...]
Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2)
Banks Face Short-Sale Fraud as Home ‘Flopping’ Rises (Update2) Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Read more on BusinessWeek
Losses of nearly $3m cited in fraud case
Losses of nearly $3m cited in fraud case The Crown is citing losses of just under $3 million from an Australian businessman’s frauds, after he pleaded guilty to 30 charges in Christchurch District Court today. Read more on NZPA via Yahoo!Xtra News
SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages
SEC Charges Goldman Sachs With Fraud in Structuring and Marketing of CDO Tied to Subprime Mortgages Washington, D.C., April 16, 2010 — The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime [...]
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SEC charges Goldman Sachs with fraud on CDO’s tied to subprime mortgages
SEC charges Goldman Sachs with fraud on CDO’s tied to subprime mortgages Aristide Economopoulos/The Star-LedgerThe Goldman Sachs Tower, the tallest in New Jersey, has 42 floors and is located in Jersey City on the Hudson River, photo taken November 28, 2007. The Securities and Exchange Commission charged Goldman Sachs and one of… Read more on [...]