Ditech Holdings Booted From The New York Stock Exchange

Ditech Holdings Booted From NYSE As Financial Troubles Persist At the Once Bankrupt Mortgage Servicer Things aren't going well at Ditech Holdings. The New York Stock Exchange has booted the mortgage servicer formerly known as Walter Investment Management. Ditech Holdings emerged from Chapter 11 bankruptcy in February after eliminated $800 million in corporate debt. The company also officially changed its name to … Continue reading Ditech Holdings Booted From The New York Stock Exchange

Hudson Valley Credit Union Settles Claims Of Screwing Military Personnel

Hudson Valley Credit Union Busted Illegally Repossessing Cars Of Active Duty Military Personnel Serving Overseas Hudson Valley Federal Credit Union has agreed to pay $95,000 over allegations that it violated the Servicemembers Civil Relief Act. SCRA-protected service members accused the credit union of illegally repossessing their cars. Hudson Valley Credit Union will pay $65,000 to … Continue reading Hudson Valley Credit Union Settles Claims Of Screwing Military Personnel

Credit Bureaus Can Report Your Foreclosure Even If You Beat The Bank

Illinois Federal Judge Rules Credit Bureaus Can Report Your Mortgage Delinquencies Even If You Beat The Foreclosure A federal judge in Illinois has ruled that a lender report your mortgage default to the credit bureaus. The court stated a dismissal with prejudice is a non-issue when reporting the default because the loan was still in … Continue reading Credit Bureaus Can Report Your Foreclosure Even If You Beat The Bank

Dan Gilbert’s Amrock Title Ordered To Shell Out $740 Million

Texas Judge Orders Dan Gilbert's Amrock Title To Pay $740 million to HouseCanary In Software Stealing Case A Texas judge has ordered the Dan Gilbert-owned Amrock Title (f/k/a Title Source) $740 million in a software stealing case. Gilbert's lawyers tried to have the court vacate a jury’s earlier decision from March. A jury ordered Amrock Title to pay … Continue reading Dan Gilbert’s Amrock Title Ordered To Shell Out $740 Million

MAGA Bomber Was A Victim Of An Illegal Foreclosure By Treasury Secretary Steve Mnuchin

MAGA Bomber Was A Victim Of An Illegal Foreclosure By President Trump's Treasury Secretary Steve Mnuchin Donald Trump-loving MAGA Bomber was taken into custody in relation to pipe bombs mailed to prominent Democrats on Friday.  Public records in Broward County show One West Bank illegally foreclosed on Cesar Sayoc in 2009. United States Treasury Secretary Steve Mnuchin was the CEO … Continue reading MAGA Bomber Was A Victim Of An Illegal Foreclosure By Treasury Secretary Steve Mnuchin

Former Deutsche Bank Traders Convicted In LIBOR Manipulation Scheme

Two Deutsche Bank Traders Convicted For Manipulating LIBOR Index The federal government convicted two Deutsche Bank Traders in New York last week. The government accused the two traders from Deutsche Bank’s Pool Trading Desk of participating in a scheme to manipulate the London Interbank Offered Rate (LIBOR). The LIBOR Index is a critical global benchmark tied to … Continue reading Former Deutsche Bank Traders Convicted In LIBOR Manipulation Scheme

Red Neck Sex Offender Convicted In Planned Bombing Spree To Lower Target Stock

Red Neck Sex Offender Sentenced To 40 Years In Prison For Plot To Bomb Target Stores To Manipulate Stock Price Half-wit sex offender Mark Charles Barnett is going to federal prison for to 40 years. A federal jury in Central Florida found guilty of attempted arson and making unregistered destructive devices on July 27, 2018. Barnett … Continue reading Red Neck Sex Offender Convicted In Planned Bombing Spree To Lower Target Stock

Foreclosed Homes Appreciating Faster than Typical Home

Foreclosed Homes Are Appreciating Faster than Typical Home  Investors who bought foreclosed homes at the peak of the financial crisis are reaping huge rewards. Foreclosed homes that were foreclosed on during the recession are skyrocketing in value compared to the typical U.S. home. The median crisis-era foreclosed home increased 10.3% in value over the past … Continue reading Foreclosed Homes Appreciating Faster than Typical Home

Wells Fargo Mortgage Originations Continue To Plummet!

Rising Interest Rates And Stiff Competition Are Causing Wells Fargo Mortgage Originations To Plummet Wells Fargo mortgage originations continue to plummet as interest rates have risen over the last several months. Wells Fargo says that it originated $46 billion in mortgages in the third quarter. This is down 22% from last year’s total of $59 billion during the … Continue reading Wells Fargo Mortgage Originations Continue To Plummet!

Mortgage-Backed Securities Abuses Cause HSBC Pay $765 Million

HSBC Agrees To Pay $765 Million In Connection With Its Sale Of Residential Mortgage-Backed Securities The United States Attorney's Office in Denver announced today that HSBC will pay $765 million to settle claims related to its packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS) between 2005 and 2007. Federally insured financial institutions … Continue reading Mortgage-Backed Securities Abuses Cause HSBC Pay $765 Million

Florida Foreclosure Mills Got Bailed Out By The Florida Supreme Court

The Florida Supreme Court's Bartram Decision Was Nothing More Than A Bailout For Florida Foreclosure Mills Homeowners began beating Florida foreclosure mills about five years ago. Thus, they were able to keep their home mortgage-free. However, they were winning because of some dramatic court showdown reminiscent of Roe v. Wade or Brown v. Board of Education. … Continue reading Florida Foreclosure Mills Got Bailed Out By The Florida Supreme Court