Last June, Bloomberg did a long story on the Deferred Prosecution Agreement that Wachovia negotiated with DOJ. As “punishment” for helping Mexican drug gangs to launder more than $363 billion through casas de cambios for three years, Wachovia had to pay $50 million fine and a $110 million forfeiture of the proceeds that were clearly from drug gangs.
|By: emptywheel Sunday April 3, 2011 7:37 am|
|By: Jon Walker Thursday March 17, 2011 2:30 pm|
Treasury Secretary Tim Geithner is pushing the state attorneys general to quickly as possible “bring to bed” their investigations of the wide-scale systematic violations of law by the nation’s largest financial institutions–it is a great reminder that, in America, there is a very important theft-to-punishment inflection point for the super rich and powerful.
|By: David Dayen Monday November 15, 2010 2:15 pm|
The money was authorized, but not appropriated. The appropriation has still yet to be made. It could be tucked into virtually any bill that comes up in the lame duck session, but that’s probably its last hope. After that, Republicans gain control of the House, and John Boehner doesn’t strike me as a “let’s give money to poor people facing foreclosure so they can have good lawyers” type.
|By: Jim White Thursday September 9, 2010 8:00 pm|
Now Preacher Jones is saying he just might play with matches anyway. It sure looks like Preacher Jones wants people to talk about Preacher Jones instead of the nice man in the book Preacher Jones says he likes.
|By: Jim White Thursday September 9, 2010 2:25 pm|
An article in Thursday’s Gainesville Sun states that Terry Jones (who just cancelled his planned burning of the Quran) owns a number of properties in the Gainesville area, but the article did not have financing information on the properties. I have searched the public records in Alachua County and found mortgage records that are a close match to the information the Sun produced on purchase records. In addition, I found mortgage records on the Dove World Outreach church property itself that show a large mortgage being taken out on the church property just 27 days before the first residential property was mortgaged in Jones’ name. These records create the impression that Jones used the mortgage of church property to fuel the purchase of a large amount of residential property in his own name.
|By: Cynthia Kouril Saturday May 15, 2010 5:00 pm|
In law, a case can be dismissed two ways: one is without prejudice, which means that the plaintiff can bring a new case on the same matter up until the statute of limitations runs out; the other way, “with prejudice” means that the plaintiff can never bring that case again. Foreclosure fraud cases are beginning to to be terminated with prejudice. Booyah!
|By: Cynthia Kouril Thursday April 22, 2010 6:15 pm|
A judge in Florida discovered that in two cases, two different banks were trying to foreclose first mortgages on the same piece of property. Judges in every state need to be alerted to this systemic problem; they need to see a complete paper trail and not risk allowing an entity that does not own the note or mortgage to take someone’s house.
|By: Cynthia Kouril Sunday April 4, 2010 4:00 pm|
Bill collectors are NOT social workers, debt counselors or consumer advocates. They are bill collectors, they will eat you. Oh, they may call themselves “mortgage servicers”, but what does that mean? It means they collect the money from the homeowners.
|By: Cynthia Kouril Monday March 1, 2010 4:00 pm|
If the Home Affordable Refinance Program (HARP) is right for you, you’d better get crackin’ on refinancing; HARP expires in June 2010.
|By: Cynthia Kouril Wednesday September 30, 2009 5:00 pm|
A recent ruling by the Kansas Court of Appeals may have earth-shattering ramifications for the real estate and mortgage industries.