Cuomo Appoints New Cop: Homeowners Hopeful That Truth Will be Revealed

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Expanding Reach, Cuomo Creates Second Cop on Financial Beat By DANNY HAKIM ALBANY — Benjamin M. Lawsky is not the attorney general of New York State. But one could be forgiven for being confused. Since Gov. Andrew M. Cuomo installed him as superintendent [...]

NY STARTS NEW INVESTIGATION OF MEGABANKS ON MORTGAGES and FORECLOSURES

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE BANKS LOOKING TO NY FED FOR PROTECTION EDITOR’S NOTE: Maybe this will wipe that arrogant smirk off their faces. Again the investigations are renewed after it seemed they were giving up. Just as the financial regulatory agencies followed up an SEC settlement with Goldman, they all, [...]

NY Appeals: AG may pursue Banks for Fraudulent Appraisal

Editor’s note: I think the standards used here apply to ALL private actions for appraisal fraud. With appraisal fraud proven, virtually all lending statutes are proven to have been violated. Appraisal fraud lies at the root of the mortgage mess with its sister, ratings fraud. Both are appraisals and both are ratings. Both were designed [...]

is it one of them or is it all of them? Mr. Cuomo, are you listening?

According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly Editors’ Note: With Bear Stearns “underwater” it is difficult to come up with scenario where there won’t be criminal charges brought against the bankers [...]

Mortgage Meltdown: Chickens Coming Home to Roost

It might just be that “free market” forces are going to change the landscape forever. What if other Fortune 500 companies involved in consumer finance, electronic funds transfer, insurance and foreign exchange decide that this huge credibility gap opens the door for their own entry into the market. McDonald’s once was surveyed as a brand [...]