Posts Tagged bank fraud
Nationstar Mortgage Halted Foreclosure Proceedings in 23 States – Foreclosure Fraud
Posted by admin in Foreclosure Defense, Fraud Recovery on May 14, 2013
In the latest foreclosure fraud scandal to come to light, Nationstar Financial admitted that it halted foreclosure proceedings in 23 states after receiving multiple complaints from state authorities. The admission came to light in documents filed with the SEC. This admission comes at a time when Nationstar is trying to raise $1.4 billion in new [...]
Feds Charge Another Mortgage Lender – (Whistleblower Post)
Posted by admin in Fraud Recovery on April 25, 2013
by Brian Mahany Five years after the housing crisis began and the feds continue to pursue those responsible for the mess. Although the federal false claims act statute of limitations prevent some whistleblower cases from going forward, whistleblowers can still earn a hefty payday under FIRREA statute. FIRREA is short for the Financial Institutions Reform, [...]
Bank of America Hopes To Skirt $1Billion False Claims Suit
Posted by admin in Fraud Recovery on April 25, 2013
by Brian Mahany Bank of America is back in the news. And once again, its not good news for America’s “Too Big To Fail, Too Big To Jail” banking giant. Last week, BoA asked a federal judge to toss a billion dollar false claims suit against it. The suit, brought by former Countrywide Senior V.P. [...]
Seeking Bank of America PLS (Private Label Securities) Employees
Posted by admin in Fraud Recovery on April 22, 2013
The law firm of Mahany & Ertl seeks to interview people who worked with Bank of America’s Private Label Securities (PLS) program. We are currently investigating a possible massive fraud involving investors who purchased PLS mortgage backed securities. We believe the bank has set aside billions of dollars to deal with loan buyback requests from [...]
Banks Accused of TARP Fund Abuse – Whistleblower Post
Posted by admin in Fraud Recovery on April 11, 2013
by Brian Mahany The Inspector General for the federal government’s Troubled Asset Relief Program (TARP) issued a stinging report criticizing both small banks and the government itself. One TARP program, the Small Business Lending Fund, was intended by Congress to jump start the economy by getting loans to small business. Instead, some banks simply took [...]
Bank of America “Too Big To Care” – Bank Fraud Post
Posted by admin in Foreclosure Defense, Fraud Recovery on March 29, 2013
by Brian Mahany We are avid readers of Rolling Stone magazine. Although I read 20 to 30 magazines per month, one of my first stops each month at Barnes & Noble is the music and entertainment magazine section to see if the new Rolling Stone is out. Several months ago we were delighted to find [...]
Is this a type of white collar crime? – Bank Fraud Post
Posted by admin in Foreclosure Defense, Fraud Recovery on March 24, 2013
by Dwight Haskins [Ed. Note: The following post comes courtesy of Dwight Haskins and is published with permission. Dwight discusses the company hired to insure that the big banks were properly reviewing their mortgage loan files. His post is one of corporate incest and ineptitude.] Here is my nomination for what should be allowed to [...]
David vs Goliath (Bank Fraud Post)
Posted by admin in Foreclosure Defense, Fraud Recovery on March 20, 2013
by Brian Mahany The following post is an email from a client. It is reposted with permission. For privacy reasons, we have changed her name to “Jane” and redacted identifying information. Brian, I spent some time this AM reading your blog posts on my case and “Legal Abuse Syndrome”. Well done, and thank you. I [...]
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