Countrywide has agreed to pay more than $600 million in settlements to shareholder lawsuits, a record payout to date and the highest fine paid to date in the aftermath of the sub-prime meltdown. In Los Angeles, U.S. District Judge Mariana Pfaelzer handed down the judgement in a lawsuit alleging that Countrywide investors were misled about the [...]
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Bank of America and its lawyers hid from the Los Angeles court a woefully inadequate class action settlement in Kentucky regarding Countrywide’s mass disclosure of its customers’ most sensitive private information, cleverly slowed proceedings in that court to avoid an adverse outcome, hid from the Kentucky court the case in Los Angeles to avoid California’s [...]
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WASHINGTON (AP) — The Obama administration’s flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That exceeds the number of people who have managed to have their loan [...]
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Sacramento Judge Sides With Homeowner On Citibank ForeclosureApproximately 3 weeks ago a Sacramento judge ruled in favor of a homeowner because Citibank could not Produce the Note! The significance of this ruling in California is tremendous! This will create more attention, and more cases like this will support judges in making the correct and moral [...]
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