Monday, January 30, 2012

Mortgage fraud settlement

  • Robosigning fraud is perhaps the easiest type of misconduct one of his major objections has been resolved in a proposed settlement between U.S. states and the nations biggest mortgage lenders over deceptive foreclosure practices.
  • (Huffington Post)
  • He said the releases from legal claims federal regulators are considering as part of the bank settlement negotiations are "narrow enough" to allow regulators to go forward "aggressively" with the mortgage fraud task force.
  • (Investors Business Daily)
  • Remarkably, President Obama named New York Attorney General Eric Schneiderman as co-chairperson of the Unit on Mortgage the settlement as being too limited and offering overly generous immunity from future prosecution for financial fraud.
  • (Athens News)
  • There is now no doubt that a federal settlement with five major banks over mortgage foreclosure fraud is in the end stages.
  • (Nation)
  • Citibank and JP Morgan both had multi-million settlements with the SEC for how s record in pursuing high profile financial fraud cases.
  • (ABC News)
  • Arizona has been participating in settlement negotiations between the five biggest U.S.
  • (Bloomberg)
  • Claims by state pension funds, including those related to their purchases of mortgage-backed securities, also wouldn't be affected by a final settlement, the person said. In a separate announcement today, U.S.
  • (Bloomberg)
  • However, Barofsky said that if the Justice Department is really serious about going after securities fraud, it should tap the who has been leading the settlement talks over mortgage servicing, agrees the two efforts can co-exist.
  • (

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