Posts tagged as:

Greenwich Financial Services

Judge Sends Countrywide Suit Over Loan Modifications to N.Y. Court

by Moe Bedard

“Although defendants deny it, by arguing that TILA requires a different interpretation of the contract, defendants are raising a federal defense,” the judge said in his decision. “A federal defense has never been sufficient for federal question jurisdiction.”

Two investors in mortgage-backed securities sued the Bank of America Corp. unit in December over plans to make [...]

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Investors Prove Countrywide Lawsuit 100% Valid

by Moe Bedard

The facts are the facts. I am not going to add much commentary to this damaging blog post because it is what it is. All I know is Angelo (Ex-Countrywide CEO) is gonna have some explaining to do to Mr.  Lewis (CEO for Now of B of A) over some egg nog and whiskey.

Here are links, facts, data and concrete [...]

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Bill Frey and his investors will be OK. But BofA may have their day…

by Moe Bedard

“Bill Frey of Greenwich Financial – Countrywide worked out an arrangement with fifteen state attorney generals for fraudulent lending practices and they’re handing the bill to bondholders. They plead guilty and they cut a deal on hundreds of thousands of fraudulent loans that they made.
I am for loan modifications, but just not based only [...]

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Investors Sue Countrywide and B of A is Surprised

by Moe Bedard

Investors filed a lawsuit in New York State Supreme Court in Manhattan on Monday over the recent predatory lending settlement that Countrywide parent, Bank of America had agreed to in October with 11 state attorney generals.
The lawsuit was filed by Greenwich Financial Services Distressed Mortgage Fund 3 LLC and QED LLC, two Connecticut limited [...]

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Wall Street Hedge Funds Vs. Homeowners & Barney Frank

by Moe Bedard

House Financial Services Committee chairman Barney Frank is warning Wall Street hedge funds and threatening to subpoena at least two hedge funds, Greenwich Financial Services and Braddock Financial  to testify next month after the funds warned mortgage servicing companies not to participate in federal loan modifications.
“Your decision is a serious threat to our efforts to respond [...]

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