[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 […]
States Steal Much of $2.5 Billion Big Bank Settlement Monies
by Brian Mahany Waiting for your slice of the $25 billion mortgage foreclosure settlement monies? You might be waiting for a long time. Like forever. While I realize the term “steal” as used in this title is a pretty serious accusation, even HUD is upset at what many states have done with the settlement funds. […]
Mortgage Settlement – Victory For Banks And Politicians
by Brian Mahany The purpose of this blog is to educate. Sometimes, however, we get pretty agitated and just have to vent some steam. Case in point is the national settlement between 49 states and the larger mortgage lenders. No sooner was the ink dry than politicians began the parade to the podium to declare […]