[with 2021 updates] 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 […]
More Bad Ink For Morgan Stanley – This Time From ACLU
by Brian Mahany The nation’s big banks have received their fair share of bad press lately. Almost every day is a new horror story involving Bank of America, Chase, Citibank, Wells Fargo and Morgan Stanley. Today is no exception. The ACLU announced it sued Morgan Stanley for violating the Fair Housing Act and Equal Credit […]
New Wave of Foreclosures Coming
by Brian Mahany The headline from CNBC that a new round of foreclosures is coming comes without surprise. Thankfully, fewer borrowers are falling behind but there are still millions of Americans who are hopelessly behind on their loans. We say “hopelessly” because the lending community has miserably failed to assist homeowners who may have needed […]
Foreclosure Abuse – Law Firm To Pay $4 Million!
by Brian Mahany We are not big fans of the large mortgage lenders and servicers. MERS (Mortgage Electronic Registration Systems Inc.) is pretty far down on our list too. But besides from being overworked and often not returning calls for weeks, we don’t have too many bad things to say about the law firms that […]