June 30, 2009
The Wall Street Journal reports:
In a surprise win for state regulators over the banking industry, a divided U.S. Supreme Court on Monday gave New York prosecutors the green light to investigate national banks for lending discrimination. The high court, in [...]
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June 11, 2009
Bloomberg News reports:
New York Attorney General Andrew Cuomo subpoenaed 14 loan-modification companies and plans to sue [another] as part of a probe of the “foreclosure rescue” industry.(1) [...] “Many of these companies charge upfront fees which are specifically prohibited [...]
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June 11, 2009
The San Francisco Chronicle reports:
Can folks who made millions peddling subprime loans use that same Midas touch to mint money from the housing market downturn? Former top executives from Countrywide Financial, once the nation’s largest mortgage firm and a [...]
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June 2, 2009
Although we have published prior articles on this subject on this blog, we continue to receive calls from borrowers who have been told by others that they should “file bankruptcy to stop a foreclosure”. In fact, an attorney who I sought to establish a local counsel relationship with in another state e-mailed me yesterday [...]
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June 2, 2009
In Baltimore, Maryland, The Daily Record reports:
The city of Baltimore has beefed up its groundbreaking racial discrimination lawsuit against Wells Fargo with sometimes shocking testimony from a pair of the megabank’s former subprime-loan officers. The two whistleblowers claim their [...]
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