Judge Skewers Wells Fargo at Hearing on Phony-Accounts Scandal

by Fraud Stoppers Admin | May 6, 2017 | Foreclosure Defense News, Tactics, and Tips

Judge Skewers Wells Fargo at Hearing on Phony-Accounts Scandal SAN FRANCISCO (CN) — A federal judge Thursday appeared skeptical of Wells Fargo’s claim that its board of directors was unaware of the scope of the phony accounts scandal that already has cost the bank...

Chinese group becomes biggest shareholder of Deutsche Bank as investors revolt

by Fraud Stoppers Admin | May 6, 2017 | Foreclosure Defense News, Tactics, and Tips

Chinese group becomes biggest shareholder of Deutsche Bank as investors revolt Conglomerate HNA has upped its stake in the bank to 9.92 percent as a result of a voting rights announcement and share package worth £2.8billion (€3.4bn). The Chinese have replaced the...

Maria Bartko charged with running a $1.4 million mortgage fraud scheme turns government witness

by Fraud Stoppers Admin | May 5, 2017 | Foreclosure Defense News, Tactics, and Tips

Co-Defendant Likely To Testify Against Ill. Judge, Feds Say By Diana Novak Jones Law360, Chicago (May 4, 2017, 5:10 PM EDT) — The co-defendant of an Illinois state judge charged with running a $1.4 million mortgage fraud scheme is cooperating with the government...

How the FHA May Impact the Supreme Court Foreclosure Ruling

by Fraud Stoppers Admin | May 4, 2017 | Foreclosure Defense News, Tactics, and Tips

How the FHA May Impact the Supreme Court Foreclosure Ruling In a 5-3 decision on Monday, the U.S. Supreme Court determined that cities can sue banks over lost tax revenue on foreclosed properties from urban blight. Law360 reported that Miami has the standing to sue...

Massachusetts sues Ocwen for “abusive” mortgage servicing practices

by Fraud Stoppers Admin | May 3, 2017 | Foreclosure Defense News, Tactics, and Tips

Massachusetts sues Ocwen for “abusive” mortgage servicing practices Ocwen fought back against Massachusetts’ regulations, asking a court to restrain the state’s cease and desist order because it would “cause significant harm” to its customers in the state. But, the...