Texas orders Ocwen to stop acquiring new mortgage servicing rights

by Fraud Stoppers Admin | May 12, 2017 | Foreclosure Defense News, Tactics, and Tips

Texas orders Ocwen to stop acquiring new mortgage servicing rights The Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corporation to cease and desist, adding its name to a growing list of states and regulators coming after the...

MERS wins in four Pennsylvania county lawsuits

by Fraud Stoppers Admin | May 9, 2017 | Foreclosure Defense News, Tactics, and Tips

MERS wins in four Pennsylvania county lawsuits The Commonwealth Court of Pennsylvania, by a majority opinion, ruled in MERS’ favor in four lawsuits filed by the Recorders of four Pennsylvania Counties (Delaware, Berks, Bucks and Chester), locking in another victory...

New York Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases

by Fraud Stoppers Admin | May 9, 2017 | Foreclosure Defense News, Tactics, and Tips

New York Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases BROOKLYN — Kings County Supreme Court is about to quietly dismiss thousands of foreclosure cases on Tuesday — in what lawyers say will deal a severe blow to homeowners with pending cases. The court...

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...