Nationstar Lawsuit to Watch

A new investor lawsuit filed against Nationstar was reported by Reuters, in an article called, “Securities lawsuit says Nationstar concealed illicit practices,” by Dena Aubin on June 5, 2015. The case is  City of St. Clair Shores Police and Fire Retirement System v. Nationstar Mortgage Holdings et al, U.S. District Court, Southern District of Florida, […]

Colorado Attorney General Goes After Foreclosure Mill Law Firms Aronowitz and the Castle Law Group

ATTORNEY GENERAL CHARGES COLORADO’S LARGEST FORECLOSURE LAW FIRMS WITH FRAUD $13 Million Settlement with Aronowitz & Mecklenburg Secured DENVER — Colorado Attorney General John Suthers today announced the filing of civil law enforcement actions against the two largest foreclosure law firms in Colorado. In separate filings, the Attorney General’s Consumer Protection Section charged The Castle […]

New York Attorney General Targets Wells Fargo for Failure to Follow Servicing Standards of National Mortgage Settlement

Press Release from New York Attorney General: NEW YORK – Attorney General Eric T. Schneiderman today announced that he is suing Wells Fargo so that a federal judge will compel the bank to honor its commitments under the 2012 National Mortgage Settlement. At a press conference in New York, Attorney General Schneiderman also announced that […]

White House Urged to Fire FHFA Director DeMarco For Freddie and Fannie’s Refusal to Modify Principal and Prevent Home Foreclosures

The New York Times reports that prominent attorneys general are urging the White House to fire DeMarco as head of the FHFA for failing to adhere to Treasury’s, the White House’s and the AG’s proposal that Freddie and Fannie modify underwater home loans by reducing principal: Led by Eric T. Schneiderman of New York and Martha […]

Have You Been Dual Tracked?

Here’s a post from Credit Slips by Katie Porter, law professor and scholar enlisted to head California’s monitoring effort of the mortgage settlement.  She wrote an article that was very prescient as to false documents and robo-signed documents appearing with Proofs of Claim in bankruptcy, Katherine M. Porter, Mortgage Misbehavior, 87 Tex. L. Rev. 121 […]