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Regulator sues two big banks

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Mortgage Professional America | 21 Aug 2015, 11:14 AM Agree 0
A federal regulator is suing two of the country’s biggest banks for hundreds of millions in a mortgage-backed securities case
  • Lynda J. Folk | | 22 Aug 2015, 10:18 PM Agree 0
    Don't forget to get OCWEN/American home mortgage/Lend America ie; Ideal mortgage bankers. The banks failed to properly underwrite the mortgages and many of them had to be bought back. The securities were issued from 2005 to 2007.
    All fraudulent underwriting, All brought to fraudclosue court, having NO jurisdiction? ALL these homes STOLEN, they NEVER had a true leg to stand on.
  • Mark Feenstra | | 23 Aug 2015, 08:46 AM Agree 0
    If the goverment hikes intrest rate it going to have a negative impact on the economy
    As china's economy is in the tank
    The combination of these two events would be catastrophic for the US
  • LDTX | | 25 Aug 2015, 03:08 PM Agree 0
    Seriously!!! Bank of America, Bank of New York Mellon, America's Wholesale Lender A Corporation CWABS 2007-2
    All of this in 2007 and Bank of America just foreclosed on my property without proof that America's Wholesale Lender "A Corporation"
    under New York Law!! haa, This Corporation doesn't even exist under Texas Law. No Corporation exist. The Banks are making money had over fist stealing these properties back and reselling them. They don't even own these houses. How can you have 8 Certificate holders in 2008 and file a form 15 with the SEC saying there is not enough certificate holders to report to the SEC? Crooks, Criminals!!!
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