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The Fraudsters, Co-conspirators & ROBO-signors Mortgage Servicing Fraud occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible notes to take a homeowner’s property and equity.
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The bank allegedly used these tactics to shepherd homeowners into foreclosure, as well as in-house loan modifications. Both yielded the bank more profits than the government-sponsored Home Affordable Modification Program, according to documents recently filed as part of a lawsuit in Massachusetts federal court.
Banks in $8.5 bln foreclosure abuse settlement By. and the robo-signing scandal – the practice of assigning bank employees to rapidly approve numerous foreclosures with only cursory glances at. The bank eventually completed foreclosure on about 400 of them. in addition to the 5 million wells fargo paid over the unauthorized accounts scandal..
2016 September 8: Fake-accounts scandal breaks wide open. limited property tax revenue and drove up foreclosures. The bank says the allegations "do not reflect how we operate in the communities we.
Bank of America Corp. won dismissal of claims by investors. The so-called robo-signing scandal has slowed foreclosure and bankruptcy cases, clogged state courts and prompted a review of major.
Mr Alex Mould said with the government embrioled in several corruption scandals over the past three years. The energy.
By August 2011, a full year after the foreclosure robo-signing scandal first attracted national attention, Bank of America actually took Terry Laughlin, the executive running that division, and.
· Secrets and Lies of the Bailout The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme.
As Bloomberg previously reported, OneWest “carried out more than 36,000 foreclosures during Mnuchin's reign,” earning the bank a reputation.
U.S. | 18 October 2017 Housing Activity is Poised for a Hefty Q4 Rebound as Demand Rebounds Tax (GST) was launched at the stroke of midnight on July 1, 2017.. Economic survey 2017-18 volume 1.. Source: MoRD; Blocks in Yellow represent completed houses under the old Indra Awas. rebounding, global growth is still well below levels.. 1 .74 Private investment seems poised to rebound,
The 2010 United States foreclosure crisis, sometimes referred to as Foreclosure-gate or Foreclosuregate, refers to a widespread epidemic of improper foreclosures initiated by large banks and other lenders. The foreclosure crisis was extensively covered by news outlets beginning in October 2010, and several large banks, including Bank of America, JP Morgan, Wells Fargo, and Citigroup.
· The United States economy is on the brink of hitting its longest-lasting period of growth ever – but no one can quite get the idea of a coming recession out of their heads. But beyond current.