Archive for the ‘Uncategorized’ Category

Authorities Crack Down on Mortgage-Relief Scams Nationwide

. . .   Authorities crack down on mortgage-relief scams nationwide   Piggybankblog posted on 07/25/14 Cross linked with latimes.com   Federal and state officials filed lawsuits accusing dozens of companies of ripping off struggling homeowners by falsely promising help in avoiding foreclosures or lowering mortgage payments while collecting millions of dollars in illegal upfront […]

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AG Schneiderman Leads Multistate Coalition Urging US Supreme Court to Protect Consumer Rights Under the Truth In Lending Act

. . .     AG Schneiderman Leads Multistate Coalition     Posted by Piggybankblog on 07/25/14 Cross linked with longisland.com   New York, NY – July 24, 2014 – Attorney General Eric T. Schneiderman announced that he is leading a coalition of more than 25 states in filing a friend-of-the-court brief urging the U.S. […]

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Current State of Risk in Mortgage Market; Lots of Upcoming Events

. . .   Current State of Risk in Mortgage Market   Piggybankblog posted on 07/25/14 Cross linked with mortgagenewsdaily   What, if anything, is putting a crimp in expected loan production?  Perhaps the CFPB’s QM rules are indeed restricting residential lending. In one example, here is what the public sees on the narrow QM […]

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Time for moratorium on prosecution of banks

. . .     Time for moratorium on prosecution of banks   Piggybankblog posted on 07/25/14  Cross linked with financial news As large investment banks begin reporting yet another quarter of lacklustre earnings, leading them into their sixth year of failing to earn the cost of their equity capital, it is time to recognize […]

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Morgan Stanley Agrees To $275 Million Mortgage Settlement

. . .   Morgan Stanley agrees to $275 million mortgage settlement   Piggybankblog posted on 07/24/14 Cross linked with fortune .com U.S. government over the sale of securities backed by delinquent mortgages. Morgan Stanley MS has reached an agreement to pay $275 million to settle the U.S. government’s fraud allegations related to the bank’s […]

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Suit alleging JPMorgan Chase knew about Bernard Madoff is dismissed

. . .   Put mouse below to play music intro. Suit alleging JPMorgan Chase knew about Bernard Madoff is dismissed . Piggybankblog posted on 07/25/14 Cross linked with dispatch.com . U.S. District Judge Paul Crotty yesterday dismissed a shareholders’ lawsuit claiming that JPMorgan Chase & Co. board members knew about Bernard Madoff’s Ponzi scheme […]

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JPMorgan Seen Facing Bigger Fight With Mortgage Investors

. . .   JPMorgan Seen Facing Bigger Fight With Mortgage Investors . Piggybankblog posted on 07/24/14 Cross linked with businessweek . JPMorgan Chase & Co. (JPM:US) may need to pay more than the $4.5 billion it offered to settle investor claims over faulty mortgages packaged into securities before the U.S. housing crash, a report […]

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Mad As Hell Christian Homeowner Wants Brian Moynihan To Hear His Complaint About Bank of America! His Name is Perry Cusmano! And He is Fighting back!

. . .   Since May 2010 319,136 Visitors . Christian Homeowner Wants Brian Moynihan Personally To Hear His Complaint   Piggybankblog posted on 07/23/14 Written by Perry Cusmano   “We can take solace in this being the electronic age and my webmaster skills.  Through my webpages, social media, and blogs like Piggybankblog@earthlink.net, I can […]

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Woman Posed as Attorney to Represent Troubled Mortgage Firm in Court

. . .   Woman Posed as Attorney to Represent Troubled Mortgage Firm in Court   Piggybankblog posted on 07/23/14 Cross linked with farmingdalepatch   A Farmingdale woman posed as an attorney to represent a troubled mortgage firm in court, though she was never admitted to the New York State Bar, authorities said. Nassau County […]

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The first: Jefferies trader Litvak gets 2 years for TARP fraud

. . . . . The first: Jefferies trader Litvak gets 2 years for TARP fraud   Piggybankblog posted on 07/23/14 Cross linked with housingwire   Former Jefferies & Co. Managing Director Jesse Litvak was sentenced to two years in prison for lying to clients about mortgage-backed securities, Bloomberg is reporting. U.S. District Judge Janet […]

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