Litigation News

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03/25/11

Reuters' research shows that the US Comptroller of the Currency may have used flawed methods to understate wrongful foreclosures resulting from bank misconduct.
 

03/07/11

Yama Marifat and other conspirators pled guilty to bid rigging and mail fraud on March 4. The conspirators agreed to not bid against each other and then rebid the property privately among themselves after the auction.
 

02/24/11

House Republicans announced their intent to push to end Obama's foreclosure relief programs saying they harm homeowners, the economy, and the US Treasury.
 

02/21/11

John Walsh, Acting Comptroller of the Currency, testified in a Senate Banking committee hearing that a probe of 14 of the largest US loan servicers was likely to result in sanctions.
 

02/20/11

Does MERS have the right to foreclose? Each day brings wider breaks in judicial opinions as to the legal rights and standing to act of the shadowy organization known as MERS.
 

02/17/11

The US Trustee's Office recently filed a post-trial brief in bankruptcy litigation in the U.S. Bankruptcy Court in New Orleans seeking sanctions from foreclosure management firm Lender Processing Services, Inc.
 

10/18/10

Hager & Hearne sues MERS, Bank of America, and others under a qui tam statute for failure to pay recording fees to California's county recorders' offices.
 

09/29/10

JP Morgan Chase halted foreclosures on more than 50,000 homes to evaluate whether its agents have been committing fraud by using false affidavits.

09/24/10

GMAC executive Jeffrey Stephan admitted to signing roughly 10,000 falsified affidavits per month used in foreclosure proceedings.  Attorneys general in Florida, Texas, Iowa and Illinois opened investigations into Ally Financial's foreclosure...

09/24/10

Judge Jean M. Johnson found that Chase and WAMU committed fraud on the court by submitting false affidavits and perjurious testimony to foreclose on a house they had no right to.

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