Blog Archives

Mortgage Fraud Settlement: Are Banks Forgiving Debts that Don’t Exist?

In the last couple of weeks, we have been discussing the Mortgage Fraud Settlement that was struck with the biggest Lenders in the U.S… Because of its importance and current relevance, I will further the discussion today by pointing out some of the recent issues that have been developing. Read the rest of this entry

Mortgage Fraud Settlement: Biggest Since Tobacco Cases

Last February, Florida Attorney General and 48 other states entered into a settlement agreement with five of the nation’s largest mortgage servicers: Bank of America, Citibank, JPMorgan Chase, Wells Fargo, and Ally/GMAC. Their liability stems from their systemic abuse of the foreclosure process as well as inappropriate mortgage-servicing practices. Read the rest of this entry