U.S. Bankruptcy Court Judge Martin Glenn denied Wells Fargo’s request for permission to foreclose on Tandala Mims’s house in the Bronx for a second time on Thursday because he still wasn’t satisfied that Wells — as opposed to…
Most people raising the issue of false mortgage documents are homeowners facing foreclosure. And banks often respond that botched paperwork is a mere technicality — nothing to worry about. Then you find a case like Wells Fargo…
Bank of America challenges testimony by one of its operational leaders — that Countrywide may have held on to homeowners’ notes that it should have put into a trust. But the testimony is reinforcing fears that BofA is in big t…
The Congressional Oversight Panel created in the wake of TARP to oversee and monitor the Treasury Department has issued a devastatingly clear report about the mortgage mess and its legal implications, which are ugly.
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Executives from the mortgage servicing industry testify before the Senate today, and they’ll try to save face by apologizing for their industry’s role in the foreclosure mess. But don’t believe the hype.
Contin…