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BofA To Pay $600M to Settle Countrywide Case 4 Aug 2010 | 06:50 am
Countrywide has agreed to pay more than $600 million in settlements to shareholder lawsuits, a record payout to date and the highest fine paid to date in the aftermath of the sub-prime meltdown. In Lo...
Legal Tricks to Cheat Countrywide Customers in Lawsuit 23 Jun 2010 | 08:17 am
Bank of America and its lawyers hid from the Los Angeles court a woefully inadequate class action settlement in Kentucky regarding Countrywide’s mass disclosure of its customers’ most sensitive privat...
Borrowers Exit Troubled Obama Mortgage Program 22 Jun 2010 | 07:31 pm
WASHINGTON (AP) — The Obama administration’s flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $...
Sacramento Judge Sides With Homeowner On Citibank Foreclosure 15 Jun 2010 | 04:15 pm
Sacramento Judge Sides With Homeowner On Citibank Foreclosure Approximately 3 weeks ago a Sacramento judge ruled in favor of a homeowner because Citibank could not Produce the Note! The significance ...
Countrywide Advisor May Have Sold Your Private Info 18 Jan 2010 | 06:56 pm
The story starts about six years ago when Countrywide Financial, then the darling of Wall Street, embarked on a plan to give a mortgage to every prospective homeowner, even if that homeowner didn’t co...
Kansas Supreme Court Landmark Ruling Against MERs 6 Oct 2009 | 03:01 pm
A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. ...
Short Sales A Common Term In Real Estate Not Understood by Many 29 Sep 2009 | 07:55 am
A few years ago, only a few people in the housing market had ever heard of a short sale. Mention “short sale” today and people, whether they are homeowners, bloggers or real estate agents, think they ...
Wells Fargo Malibu Update Part 2 19 Sep 2009 | 04:23 pm
The Wells Fargo ‘team member’ was terminated. According to the statement from Wells Fargo “Our investigation concluded a single team member was responsible for violating our company policies. As a r...
Wells Fargo Malibu Update 14 Sep 2009 | 04:38 am
It looks as if Wells Fargo corporate is looking to distance itself from the suspect actions of a ‘team member’. In a news release issued September 11th, 2009, Wells Fargo said: “We are thoroughly in...
Wells Fargo Executive in Multi Million Dollar Malibu Home Courtesy of TARP Funds 13 Sep 2009 | 06:40 am
A community watchdog group expressed outrage and Wells Fargo Bank said it was launching an investigation after a newspaper reported that a Wells Fargo senior executive threw lavish parties at a $12 mi...