by Brian Mahany By now, I should be numb to the suffering caused by Bank of America and other large lenders and mortgage servicers. That’s what they want but instead, I am fighting angry. So are millions of homeowners too. If you think we climb the soapbox a little too often in this blog, read […]
Homeowners – 1, Bank of America, Wells Fargo -0
by Brian Mahany Despite the turning tide, big banks continue to win many court battles. Individual homeowners just can’t afford to take on the banking giants and their Park Avenue lawyers. Now and then, however, homeowners win. And some times they win big. Every victory empowers more and more homeowners to come forward. Last week’s […]
Mortgage Task Force: "We'll Take Action Soon"
by Brian Mahany Every day we are contacted by at least 2 homeowners struggling to keep their home. Although we are not mortgage foreclosure defense lawyers, we do sue banks and bankers for fraud, foreclosure abuses and wrongful HAMP denials. Business is booming, unfortunately. The so-called mortgage crisis began when the housing market melted down […]
Bank of America: "There is No HAMP, There Is No Help, And There Is No Hope"
by Brian Mahany We have listened to many recorded conversations between bank workout specialists and borrowers. Until the mortgage meltdown and subsequent collapse of the lending industry, homeowners never thought to record their conversations with bankers. There was little need. Now with some of the major banks like Bank of America, Chase and Wells seemingly […]
Bank of America Settles HUD Complaint Alleging Disability Discrimination
by Brian Mahany Bank of America settled federal charges that it violated the Fair Housing Act and Equal Credit Opportunity Act. The complaint was brought by HUD on behalf of disabled borrowers. Federal law forbids banks from discriminating against borrowers on the basis of disability. As long as you can afford your mortgage, bankers should […]
Judge Refuses To Throw Out Suit Against Bank Of America
by Brian Mahany A federal judge in Manhattan again refused to dismiss a suit brought by a group of investors who purchased stock in the nation’s largest bank, Bank of America. They say the beleaguered lender lied about its foreclosure practices and misled them. They also say that the bank hid billions of dollars worth […]
Bank Of America vs WikiLeaks
by Brian Mahany It’s been 631 days since Bank of America, Master Card and others have blocked donations to WikiLeaks. For those not familiar with the organization, WikiLeaks is a nonprofit media organization. Since its formation several years ago, both the organization and its spokesperson, Julian Assange, have been surrounded by controversy. Some say that […]
NJ Court Refuses To Enforce Loan Provision Prohibiting Borrower From Suing
by Brian Mahany I thought I had seen everything until I read a story about Investor’s Saving Bank. If you haven’t figured out why juries dislike lenders and are awarding large judgments against banks, read on. A New Jersey company sought mortgage funding from Investors Savings. At the closing, Investors only provided half the funding. […]
Accounting Firms Chosen To Monitor National Mortgage Settlement
by Brian Mahany Joseph Smith is a powerful guy. He is the monitor of the $25 billion national mortgage settlement hammered out by 49 states, the federal government and several large lenders including our perennial “favorites”, Bank of America, Wells Fargo, Citi and Chase. As part of the settlement, several major lenders promised to clean […]
Can I Sue For Denial Of HAMP Loan Modification?
by Brian Mahany “Can I sue for denial of a HAMP loan modification” is a question we frequently hear. Some lenders (Bank of America, Citi, Wells Fargo) seem to run borrowers through the ringer only to ultimately deny them a mortgage modification. That’s a shame since Congress authorized the Home Affordable Modification Program as part […]