South Florida Law Blog

Wells Fargo is at it again… A scandal-plagued Wells Fargo has found itself in the midst of a new controversy involving “stealth” modifications of consumers’ mortgages while they are in bankruptcy. According to The New York Times, a class action and other lawsuits have been filed against Wells Fargo alleging that since 2015, Wells Fargo has been making unauthorized charges […]

The following article has been written by Roy Oppenheim for the South Florida Law Blog. For many homeowners the last few years have been like a trip on the Titanic. Rough economic seas sent thousands of homes underwater. Many have since sunk; but others who have managed to hold on are hoping for a happier ending than those who found […]

What do the recent tragedy in Bangladesh and the state of this country’s banking industry have in common? At first blush you might say nothing, but scratch just below the surface and you will see there are many parallels. First Bangladesh – which we all know by now is a corrupt country being run by an ineffective government where rich […]

Seventeen of the nation’s “too big to fail” banks also apparently think they are “too big to lose in court.” They have joined forces to go up against a federal judge whose rulings they simply don’t like. In doing so, the banks may have opened a Pandora’s box that ultimately could benefit the same group of people they have been […]

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 […]

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 […]

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 […]

Mortgage Rates Set Fresh 2011 Low After Jobs Report Fixed rate home mortgage loans dropped for the eighth straight week to a new low for 2011 amid concerns of another economic slowdown this year, according to data from Freddie Mac and a report by The Wall Street Journal. The 30-year fixed-rate mortgage averaged 4.49%, down from 4.55% last week and […]