Category Archives: My Debt Release news

Bankers Use Fake Documents to Seize Homes; Borrowers Fight Back

Last March, a New York lawyer revealed that Wells Fargo was using fabricated papers to initiate foreclosures and seize properties. Some homeowners are fighting back by filing lawsuits against the national bank. Although federal authorities have been slow to take… … Continue reading

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Debt Collectors Trying to Squeeze Blood from a Turnip

In the mid-19th century, there was a common way to deal with people who has unpaid debts. They were locked up in warehouses until they pay their debts either by labor or by outsourcing funds from someone outside the warehouse…. … Continue reading

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Infographic | The Higher Education Bubble In America

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The subprime wolf of wall street: trained by veteran of jordan belfort, world business lenders is pitching loans with annual interest rates as high as 125 percent

Doug Naidus made his fortune selling a mortgage company to Deutsche Bank AG months before the U.S. housing market collapsed. Now he’s found a way to profit from loans to business owners with bad credit. From an office near New… … Continue reading

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Fargo foreclosure manual on trial

Wells Fargo just lost the battle to keep its controversial Wells Fargo Home Mortgage Foreclosure Attorney Procedure Manual out of federal court.Photo: Getty Images America’s largest mortgage servicer just lost the battle to keep its controversial Wells Fargo Home Mortgage… … Continue reading

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U.S. Regulators Examining Departures at Mortgage Registry

As the rest of the housing industry recovers, a little-known firm with a key role in U.S. mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees. The turbulence feeds uncertainty about the fate… … Continue reading

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They Keep Stealing – Why Keep Paying?

The dire straits of the middle class of America has made it near impossible for our politicians to keep up the pretense that our current government truly works for the “people.” Between the multiple overt and secretive bailouts, the massive bonuses and the… … Continue reading

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