From the nytimes.com: WHAT does it take to hold your powerful bosses accountable if they try to bully you out the door? Documents, e-mails, a former deputy district attorney as your lawyer — and a never-say-die approach. Such was the lesson learned by Michael G....
From the latimes.com: Federal prosecutors have shelved a criminal investigation of Angelo R. Mozilo after determining that his actions in the mortgage meltdown — which led to $67.5-million settlement against him — did not amount to criminal wrongdoing. As the former...
Hat tip to MB for sending this along, from the pressdemocrat.com: The pilot who earned international acclaim for safely landing a stricken airliner in the icy waters of the Hudson River in 2009 is suing officials at the former Sonoma National Bank and others for fraud...
LOS ANGELES (AP) -- The state of California has reached a settlement in a predatory lending lawsuit against former executives at Countrywide Financial Corp. that will pour $6.5 million into a fund to help foreclosed homeowners. The state had sued Countrywide, CEO...
From HW: A California appeals court ruled that a former homeowner's lawsuit against U.S. Bank for fraud may continue after the bank allegedly reneged on a promise to negotiate a mortgage modification, opening the door for claims from potentially thousands of similarly...
From HW: One of the many villains in the Financial Crisis Inquiry Commission report out Thursday is Goldman Sachs. According to page 235 of the report, they recognized the delusion in the subprime mortgage market and decided to short it before the crash in 2008....
http://www.latimes.com/business/la-fi-foreclosure-lawyer-20110114,0,632537,full.story
From the W-S-J: After losing her condo in San Diego to foreclosure last year, Charissa Kolich thought that at least she was free of mortgage bills. But Wells Fargo & Co., which holds a home-equity loan made five years ago to Ms. Kolich, last month filed a lawsuit...
On our regular blog watch is the Mortgage Fraud Blog: http://www.mortgagefraudblog.com/index.php/ She added this whopper on Beazer Homes settling for $10 million now, and up to $50 million eventually to compensate for these illegal activities: Beazer, and its...
