Tag Archive

NY mortgage fraud may top $100M

Published on September 1, 2013 By admin

The following article is brought to you by CATHERINE CURAN at NYPost.Com New York City and state have suffered massive mortgage-document fraud, with damages potentially exceeding $100 million. That’s the explosive allegation by whistleblower Lynn Szymoniak and her legal team, whose lawsuit against two-dozen major banks and mortgage servicers alleging violations of the False Claims […]

JPMorgan, UBS Said Among Banks Queried in Libor Probe

Published on August 24, 2012 By admin

The following article is brought to you by David Mclaughlin at BusinessWeek.Com. JPMorgan Chase & Co. (JPM) and Barclays Plc (BARC) are among seven banks subpoenaed in New York and Connecticut’s investigation into alleged manipulation of Libor, according to a person familiar with the matter and company filings. Subpoenas were sent in recent weeks to […]

Eric Schneiderman, Feds On Defensive About Mortgage Fraud Task Force

Published on May 2, 2012 By admin

The following article is brought to you by Ben Hallman & Sam Stein at HuffingtonPost.Com. It’s been a little less than three months since President Barack Obama announced the creation of a new task force to investigate the mortgage and banking industries that wrecked the economy, but some liberal activists are already declaring the effort […]

Schneiderman alleges mortgage fraud in suit against banks

Published on February 7, 2012 By admin

The following article is brought to you by Cara Matthews at Politics On The Hudson Attorney General Eric Schneiderman filed a lawsuit today against Bank of America, J.P. Morgan Chase Bank, Wells Fargo and Virginia-based MERSCORP Inc. and its subsidiary, Mortgage Electronic Registration Systems Inc., charging that a private electronic-mortgage registry system (MERS) they developed […]

In 50-state foreclosure negotiations, dispute underlines basic questions

Published on August 31, 2011 By admin

The following is brought to you by Brady Dennis at WashingtonPost.Com. A recent and acrimonious dispute among state officials over a possible legal settlement to address nationwide mortgage abuses is underscoring basic questions about what the effort should accomplish. In settling claims against the largest banks related to “robo-signed” foreclosure documents and other flawed paperwork, […]