In Brooklyn, New York, the New York Daily News reports:City Council Speaker Christine Quinn on Tuesday was touting a court decision to hold a bank responsible for repairs to a dilapidated Brooklyn tenement. “I think this is really a precedent-setting decision,” the mayoral hopeful said. “The buck finally stops somewhere ...
Most Recent Articles For: Bank
Written by Administrator on January 14th, 2012
Written by Administrator on December 9th, 2011
In San Diego, California, Courthouse News Service reports:Bank of America found a new way to illegally extract money from customers, according to a federal class action: deduct taxes and insurance from mortgage payments, even though the homebuyers make those payments themselves, then call the mortgage in default for the unauthorized ...
Written by Administrator on December 5th, 2011
Dwayne Charles Holcombe, 50, a former vice president at a northwest Alabama bank, was sentenced to two years and five months in prison for fraud that cost a small, locally owned bank more than $ 1.4 million in noncollectable loans over six years.
Mortgage Fraud Blog - Perp Walk
Written by Administrator on November 27th, 2011
In Horry County, South Carolina, WMBF-TV reports:One local viewer contacted WMBF News saying she's making her payments on time to live in her home, but it was recently foreclosed on. Linda Duncan said she is doing everything she can to hold on to it, but she said she is not ...
Written by Administrator on November 22nd, 2011
Bloomberg reports:Bank of America Corp. told Fannie Mae it refuses to cooperate with the U.S. mortgage firm’s new stance on loan buybacks, setting the lender up for a potential surge in claims and penalties.The bank is disputing Fannie Mae’s demand that lenders repurchase mortgages or cover any losses themselves if ...
Written by Administrator on October 27th, 2011
Thomas Hebble was sentenced to two and one half years in federal prison, Angel Guerzon received two years in federal prison, and Francesco Mileto was sentenced to five and one half years in federal prison. The defendants were sentenced for their participation in a conspiracy to create the illusion that non-performing loans ...
Written by Administrator on October 16th, 2011
From the Office of the U.S. Attorney (Baltimore, Maryland):Brenda Lukenich, age 60, of Hughesville, Maryland pleaded guilty [] to mail fraud arising from a scheme to defraud lenders and a title insurance company of $ 1.7 million. Two co-defendants are scheduled for trial on November 7, 2011.(1)***According to her ...
