Bank Settlement Primarily Benefits Banks, Leaves Mortgage Fraud Victims in the Cold

The details of the national mortgage fraud settlement with Bank of America, JP Morgan Chase, CitiGroup, Ally Financial and Wells Fargo are in, and nobody is happy except the banks. Max’s initial reaction to the settlement: The reports released today by the Investigator General for HUD with respect to the five major banks involved in the settlement with the Department of …

Forged Documents May Cloud Sarah Palin’s Chain of Title on Arizona Home

Boston.com is reporting that former Vice-Presidential contender and Alaska Governor Sarah Palin may have fallen victim to the mortgage servicng fraud that is sweeping the country.  Marie McDonnell examined Palin’s chain of title and pointed out signatures from both the now-infamous Linda Green and another suspected robo-signer, Deborah Brignac.  Masachusetts Essex South Register of Deeds John L. O’Brien, who has …

Why One Boot Camper Hates Wells Fargo

Actually, our title might be a little misleading.  While we’re pointing you to one boot camper’s post about why he hates Wells Fargo, it’s a safe bet that many other boot campers – and many other bankruptcy attorneys around the country – share his negative feelings about this particular bank.  If you’ve experienced Wells Fargo’s unique policy on freezing bank …

Wells Fargo to modify ARMs in Illinois, 7 other states

From the Chicago Tribune by By Mary Ellen Podmolik. At least 531 Illinois homeowners will be offered mortgage loan modifications by Wells Fargo Bank after an investigation into allegedly deceptive marketing of payment option adjustable rate mortgages. Illinois and seven other states investigated Wachovia and Golden West’s marketing of pay-option ARMs, potentially risky loan products because they allow borrowers to …