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Tag: banking

German Bank Accuses Barclays of Lying About Mortgage-Backed Securities

Tue Apr 3, 2012 by on Foreclosure Defense

Man I just love it when the banks eat their own! It’s even better when they start using MY arguments to do it. The very same arguments I’ve used to defend my clients. The essential problem is this, securitized trusts, the ones your homes were bought and sold into, weren’t always mortgage-backed! I’ve long had questions about the validity of […]

Robosigning Exposed in HUD Audits

Thu Mar 15, 2012 by on Florida Law News

Well what do you know. Earlier this week I blogged about the mortgage settlement documents and their stunning lack of detail on the frauds committed by the banks during the days of robosigning. I was frustrated because it seems like the complete recklessness of the banks was being whitewashed in order for the settlement to go through. Turns out I […]

Foreclosure Settlement Filed; But Banks’ Crimes Go Largely Ignored

In the weeks after the mortgage settlement was announced by the Federal Government, I waited under baited breath to the see it in its entirety. Almost every week I read a different report stating the documents to finalize the settlement were about to be filed in court. And as each reported deadline came and went, I grew more and more […]

Friday Round-Up — Bank Of America Makes Deal; Return of Rocket Docket?; Foreclosed Military To Receive Pay Day

Fri Mar 9, 2012 by on Florida Law News

Bank of America to Reduce Principal For 200,000 Underwater Homeowners First some good news, if you’ve got an underwater mortgage owned by Bank of America. BofA has come to a separate agreement with the US government to to help reduce some the fines it owes to the Housing and Urban Development Agency from last month’s huge settlement. Bank of America […]

Settlement Or No Settlement; Homeowners You Must Stand Your Ground!

If there was anything positive that came out of the prolonged discussions between the states and the banks on the mortgage servicing settlement, it was that banks were reluctant to go full steam ahead in the foreclosure process while talks were ongoing. But even before the settlement was announced, we saw signs that pointed to more foreclosures in 2012. According […]

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 […]