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9 Aug 2013, 6:44 am by Allison Tussey
According to documents filed in this case and statements made in court: Cockinos was the owner/president of Federated Mortgage Company of America (FMCA). [read post]
8 Aug 2013, 11:00 pm by Christina Reichert
The Securities and Exchange Commission (SEC) charged Bank of America with allegedly misleading investors about mortgage securities.The Obama Administration overturned the International Trade Commission (ITC) ban on the sale of certain Apple products that allegedly infringed Samsung patents.The Senate confirmed Scott Kieff as a new member of the ITC.The U.S. [read post]
8 Aug 2013, 6:58 am by Mark Astarita
On the heels of the announcement of charges against Bank of America for fraudulently selling investors mortgage backed securities, JPMorgan Chase disclosed on Wednesday that it faced a criminal and civil investigation into whether it sold shoddy mortgage securities to investors in the run-up to the financial crisis,According to the New York Times, JPMorgan has acknowledged fthe existence of the investigation — one of several mortgage-related… [read post]
7 Aug 2013, 8:27 am by Mark Astarita
The SEC has released its civil charges against Bank of America and alleges alleges that Bank of America failed to tell investors that more than 70 percent of the mortgages backing its offering – called BOAMS 2008-A – originated through the bank’s “wholesale” channel of mortgage brokers unaffiliated with Bank of America entities. [read post]
7 Aug 2013, 6:10 am by Elysia Cherry
Judge Rips Jury For Not Guilty Verdict Ten Rules for Depositions Dying disbarred civil rights lawyer Lynne Stewart asks federal judge to vacate sentence Military judge cuts Bradley Manning’s potential sentence to 90 years Justice Department sues Bank of America over mortgage-backed securities fraud Senior UK Judge rejects specialized sex abuse court plan LAWPRO Magazine archives: Practice Pitfalls – Franchise Law Isolation of inmates rising in crowded… [read post]
7 Aug 2013, 6:07 am by Staci Zaretsky
* The speed (or lack thereof) of justice: The DOJ filed suit against Bank of America, alleging that the bank defrauded mortgage-backed securities investors in 2008. [read post]
6 Aug 2013, 2:51 pm by Mark Astarita
The housing/banking/mortgage crisis may finally be catching up to Bank of America. [read post]
31 Jul 2013, 5:26 pm by Allison Tussey
According to documents filed in this case and statements made in court: Cockinos was the owner/president of Federated Mortgage Company of America (“FMCA”). [read post]
27 Jul 2013, 7:57 am by Mark Astarita
Bank of America is on the hook for over $40 billion worth of misrepresentations to the government because of its purchase of Merrill Lynch and Countrywide. [read post]
21 Jul 2013, 5:38 pm by Richard Symmes
Click HERE to read about former employees of Bank of America admitting to such tactics. [read post]
15 Jul 2013, 5:44 pm by Allison Tussey
Anderson and Kemet are accused of conspiring to defraud mortgage giants, Freddie Mac and Bank of America, and taxpayers, by illegally occupying foreclosed homes and applying for relocation assistance known as “Cash for Keys. [read post]
8 Jul 2013, 2:00 am by Kevin LaCroix
That was the question before the Delaware Supreme Court earlier this week in connection with the derivative suit filed against the management of Countrywide Mortgage prior to the company’s acquisition by Bank of America. [read post]
26 Jun 2013, 12:29 pm by Ken White
Recently former employees of Bank of America filed declarations in federal court asserting that the venerable bank had instructed them to lie to lull homeowners seeking mortgage adjustments. [read post]
17 Jun 2013, 12:59 pm by Tracy Coenen
If you’ve ever attempted to get a home mortgage modification through Bank of America, this news will likely not surprise you. [read post]