JACKSONVILLE, Fla., Aug. 1, 2013 /PRNewswire via COMTEX/ — UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA JACKSONVILLE DIVISION CITY OF ST. CLAIR SHORES GENERAL Case No. 3:10-cv-01073-TJC-JBT EMPLOYEES' RETIREMENT SYSTEM, Individually and on Behalf of All Others Similarly Situated, Honorable Timothy J. Corrigan Plaintiff, SUMMARY NOTICE OF PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT [...]
INTRODUCTION Before Washington Mutual Bank, FA (WaMu) was seized by federal banking regulators in 2008, it made many residential real estate loans and used those loans as collateral for mortgage-backed securities.1 Many of the loans went into default, which led to nonjudicial foreclosure proceedings. Some of the foreclosures generated lawsuits, which raised a wide variety [...]
NOTE: This is only the U.S. and does not include worldwide! HuffPo- The financial crisis likely cost at least a year’s worth of U.S. economic output, a new Fed study finds. Worse, it’s hurting the economy even now and will hurt it for years to come. That is the cheerful conclusion of a new [...]
The Denver Post- A foreclosure lawyer whose firm is under state investigation for alleged bill-padding also faces federal discipline for misrepresenting documents she used to take someone’s Colorado Springs home. Attorney Toni M.N. Dale of Medved Dale Decker & Deere in Lakewood was referred for discipline last month by a federal judge for wrongly certifying [...]
NEW YORK – Last night, Governor Andrew M. Cuomo signed S.4530A/A.5582, known as the “Certificate of Merit” bill, into law. The Certificate of Merit law brings greater integrity to the foreclosure process and expedites homeowners’ participation in court-supervised mediation sessions where they can negotiate workable alternatives to foreclosure with their lender. This joint program bill [...]
NYT- New York’s top prosecutor is investigating some of the nation’s largest banks in connection with their use of credit-reporting databases that disqualify people seeking to open checking or savings accounts — an inquiry that has gained urgency as the ranks of the unbanked has swelled in the aftermath of the financial crisis. The New [...]
Have a feeling CWABS et al and CWALT et al are the chosen ones! HW- Bank of America’s legal troubles in the mortgage space are far from over. The firm, which took over Countrywide’s legacy subprime business in the wake of the financial crisis, reports in a securities filing that the Department of Justice plans [...]
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