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Thread: New York claims more proof of bank mortgage abuses

  1. #1
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    New York claims more proof of bank mortgage abuses

    New York Attorney General Eric Schneiderman said there is mounting evidence thatBank of America Corp (BAC.N), Wells Fargo and Co (WFC.N) and other banks violated the terms of a settlement designed to end mortgage servicing abuses.
    Schneiderman - who has said he plans to sue Bank of America and Wells Fargo for failing to live up to their obligations under the deal - said other states had found similar problems.
    "Several other states have identified similar recurring deficiencies by the participating servicers," Schneiderman said in a letter dated May 23 to the monitor for the settlement, former North Carolina Banking Commissioner Joseph Smith. The letter was obtained by Reuters on Friday.
    The $25 billion settlement was brokered last year between five banks and 49 state attorneys general. The other banks are JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), and Ally Financial Inc (GKM.N). The banks agreed to provide relief to homeowners and comply with a set of servicing standards to atone for foreclosure misconduct.

    At the time, Schneiderman said that, since last October, his office had documented 339 violations of standards - 210 by Wells Fargo and 129 by Bank of America - dictating the timeline for banks to process mortgage modification applications.


    Read more @: New York claims more proof of bank mortgage abuses | Reuters

    ****ing crooks. Expect nothing to come of this because money (and especially if your a bank in this country) buys justice. I hope something will come of this and this ****ing crooks get punished.





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    Re: New York claims more proof of bank mortgage abuses

    Quote Originally Posted by TheDemSocialist View Post
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    Read more @: New York claims more proof of bank mortgage abuses | Reuters

    ****ing crooks. Expect nothing to come of this because money (and especially if your a bank in this country) buys justice. I hope something will come of this and this ****ing crooks get punished.


    I certainly can agree with you here - I think you'll find disgust with banks and mortgage companies that take advantage of people and their largest, most important purchase/investment they'll ever have is universal and knows no partisanship.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: New York claims more proof of bank mortgage abuses

    wells fargo does not surprise me. can't say why in detail, but no shocker there.

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    Re: New York claims more proof of bank mortgage abuses

    Quote Originally Posted by Fisher View Post
    wells fargo does not surprise me. can't say why in detail, but no shocker there.
    They learned a lot from the stage coach robbers in their past.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: New York claims more proof of bank mortgage abuses

    Wait! You mean this government run program is all cocked up? Say it ain't so!...again!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: New York claims more proof of bank mortgage abuses

    march 6:

    Eric Holder: Some Banks Are Just Too Big To Prosecute - HuffPo

    would you like to see eric holder go?

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    Outer space potato man

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    Re: New York claims more proof of bank mortgage abuses

    Quote Originally Posted by apdst View Post
    Wait! You mean this government run program is all cocked up? Say it ain't so!...again!
    "Foreclosure" is not a government-run program.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: New York claims more proof of bank mortgage abuses

    Quote Originally Posted by The Prof View Post
    march 6:

    Eric Holder: Some Banks Are Just Too Big To Prosecute - HuffPo

    would you like to see eric holder go?
    YES!!!! Man should be fired! Right after the DOJ AP press ****, shoulda been gone then, should of been gone aafter Fast and Furious BS too.


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