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Yearly Archives: 2012

Friday Round-Up — Settlement Docs Weeks Away, Donovan Hopes Fannie and Freddie Come Around; Citi-Bank Settles Suit; Bank Approves Loan Modification, Then Forecloses

Fri Feb 17, 2012 by on Bank Fraud & Florida Foreclosures

AGs Weeks From Filing Foreclosure Settlement Documents Yesterday we expressed concern because we have yet to see the formal documents behind last week’s landmark $25 billion settlement, and it seems few people actually have. HousingWire reports, through an unnamed source, that federal prosecutors plan to file them in court by the end of the month. But of course herein lies […]

Fannie Mae and Freddie Mac: Past Their Prime

Wed Feb 15, 2012 by on Florida Law News

There were two players conspicuously absent when last week’s $25 Billion settlement was unveiled; two players that absolutely should have been front and center. What are their names? If you’ve followed the housing crisis as closely as we have, then you probably know. Our old and unwanted cousins Fannie and Freddie. Their omission from the settlement was perhaps its biggest […]

Robosigning Settlement Proves Sky Was Falling! Chicken Little Was Right!

Fri Feb 10, 2012 by on Bank Fraud & Roy Oppenheim

Yesterday’s robosigning settlement that all but one state ultimately signed off on, was far from perfect. Let’s make that perfectly clear. Depending on what you have read, you might be outraged, you might be relieved, you might be overjoyed. And the target of your wrath or sympathy might depend on your own personal perspective. But make no mistake about it, […]

Short Sales On The Rise; Banks Offering Incentives to Borrowers

Wed Feb 8, 2012 by on Short Sales

For 5 years now we’ve been a huge champion of the short sale. We’ve been banging and banging away at the banks because they didn’t share our opinion. There has long been an institutional reluctance among our nation’s lenders to embrace the short sale, but it appears they are finally coming around. According to Corelogic’s most recent numbers, short sales […]

Homeowner's Super Bowl — Clock Winding Down on Robo-Signing Settlement

The clock may have run out on this year’s Super Bowl (Way to go Giants!!) but there’s still a few minutes left in this year’s REAL grudge match, the Banks vs. the Attorney Generals. It’s 4th and Inches, the score is tied, and it would be nice to avoid overtime. Today we could learn whether the much-discussed robo-signing settlement with […]

Week In Review: DeMarco Doesn’t Get It; Scheiderman Sues Banks over MERS; Swiss Bank Charged with Tax Evasion

Fri Feb 3, 2012 by on Florida Law News

Freddie Mac’s Regulator ‘Completely Puzzled’ by Allegations of Conflict If Edward DeMarco is puzzled by the outrage over the revelation that Freddie Mac was investing in securities that paid off if homeowners couldn’t refinance, then call us puzzled by his puzzlement. Either he’s a bold-faced liar or he is just plain dense. Does he really not get it? DeMarco, the […]