Tag Archive

In Bank Settlements, Fines but No Accountability

Published on January 14, 2013 By admin

The following article is brought to you by Peter J. Henning at NYTimes.Com. The global banking giant HSBC reached a settlement on Tuesday with the Justice Department and other federal agencies that requires the bank to pay about $1.9 billion and beef up its compliance measures. That is a hefty price for failing to make […]

Feds to help borrowers prove foreclosure errors

Published on December 19, 2011 By admin

The following post was originally posted on November 1, 2011. I called to have the paperwork for the Independent Foreclosure Review sent to me. I received the paperwork on December 15th, exactly 45-days after calling the number below. Chase Home Finance the servicer for Chase Bank refused to treat my family and hundreds of thousands […]

Feds to help borrowers prove foreclosure errors

Published on November 1, 2011 By admin

The following is brought to you by Steve Goldstein at MarketWatch.Com Some borrowers could get compensated if mistakes were made. Those who were foreclosed upon in 2009 and 2010 will be able to request an independent review to get compensated if errors were made, federal regulators said Tuesday. The reviews apply to 14 banks that […]

Legal Battle Over Mortgage Sales

Published on September 6, 2011 By admin

The following is brought to you by Philip van Doorn at NuWireInvestor.Com. The U.S. is suing 17 banks, including JPMorgan Chase, Bank of America, Barclays, Citigroup and Goldman Sachs, alleging that securities laws were violated in the sale of mortgage-backed securities to federal agencies such as Freddie Mac and Fannie Mae. The government is seeking […]

Trading Places: Fraud in the Commodities Market

Published on November 23, 2010 By admin

The following article is brought to you by Vivian Norris at The Huffington Post. In the brilliant 1983 film Trading Places the WASPish commodity-trading brothers of Philadelphia’s Duke&Duke, decide to teach Billy Ray (Eddie Murphy) about the Commodities market. Little does Billy Ray know both he and the fallen frat-boy character played by Dan Aykroyd, […]