Monthly Archives: June 2013

The Foreclosure Fraud Prevention Act: A.G. Schneiderman Commends Assembly for Passing Foreclosure Relief Bills

A.G. SCHNEIDERMAN COMMENDS ASSEMBLY FOR PASSING FORECLOSURE RELIEF BILLS Bills Will Help Prevent New York Homeowners From Getting Trapped In The Growing “Shadow Docket” Of Frozen Foreclosure Cases; Schneiderman: These Bills Will Help Protect Homeowners From Wrongful Foreclosures And Keep … Continue reading

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Regulators Probing Banks’ Debt Collection Practices

By: Danielle Douglas Federal regulators are widening an investigation into whether the nation’s biggest banks used flawed documents and incomplete records to collect on delinquent credit card debts, according to four people familiar with the probe. The scope of the … Continue reading

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NY Attorney General Says More Evidence Banks Violated Mortgage Pact

May 24 (Reuters) – New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman – who … Continue reading

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WAPO: The Slow-Going Process of Compensating Victims of Fraudclosure

By: Danielle Douglas Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that … Continue reading

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The Daily Show w/ Jon Stewart: Priorities USA – Too Big to Jail

The Obama administration’s legal priorities tilt towards unusually harsh punishments for individuals whose crimes don’t seem to merit them. Share and Enjoy • Facebook • Twitter • Delicious • LinkedIn • StumbleUpon • Add to favorites • Email • RSS via My … Continue reading

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As Housing Markets Recover, Wall Street Beats Families To Homes

PHOENIX — By the values that have long governed American housing, Megan and Danny Gilbertson are precisely the sorts of people who are supposed to now be buying a home. They have good credit, steady jobs and decades worth of … Continue reading

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Monitor Checking Into Violations of Mortgage Settlement

The monitor of a $25 billion national mortgage settlement with the five largest mortgage servicers said Tuesday he’s looking into potential violations of the agreement. At the same time Wells Fargo WFC +1.18% Bank of America BAC -0.52% and J.P. Morgan Chase saJPM +1.38%id they had completed their obligation under the settlement. The monitor, Joseph A. … Continue reading

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