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The FBI Investigates Indymac for Mortgage Fraud - Next Please!

When it rains it pours and when a bank fails, the FBI is going to find out why.
The facts are that the fraud and financial crimes ran rampant from all sides of the mortgage and real estate equation.
From the loan officers, appraisers, Realtors, notary publics, underwriters, account executives, managers, investors, brokerages, borrowers and the list can go [...]

Popularity: 5% [?]

IndyMac Begins Dismantling Business As It Struggles to Keep Investors’ Faith

First, Countrywide Financial Corp. went down, as the nation’s biggest mortgage lender was acquired in a rescue operation July 1 by Bank of America Corp. Now Countrywide’s offspring, IndyMac Bancorp Inc., is on the ropes.
Popularity: 100% [?]

Popularity: 100% [?]

Florida attorney general sues lender Countrywide

Lawsuits”o” plenty are being fired at lending and servicing giant, Countrywide Financial and this is in the wake of the controversial Bank of America take over that is finally official today.
Just last week attorney generals in Illinois and California filed predatory lending lawsuits accusing Countrywide of unfair and deceptive business practices. Now, Florida has jumped on the predatory lending lawsuit [...]

Popularity: 4% [?]

Countrywide CEO Steps Down, Cashes In and Leaves a Trail of Destruction

Countrywide CEO, Angelo Mozilo is set to officially step down from his position Tuesday and hand over the keys to Bank of America. Ending a 4 decade long run where Countrywide went from a small fish start up in 1969 to the king of ther lending sea as the nations largest lenders and servicer today.
 
Angelo Mozilo went [...]

Popularity: 3% [?]

Angelo and the Countrywide Gang - Their Rules in Their World?

Countrywide just can’t seem to get a PR break. Some of my readers think it is my personal vendetta to think, write, and live on this blog to make their life a living PR hell.
The funny part is that they don’t need any help in that area. They created their own rules, in their own world, and now [...]

Popularity: 2% [?]

Richard Davet - Can someone please help me locate Mr. Davet in Ohio?

I had wrote a story a few days back about a homeowner in Ohio that fought his foreclosure for 11 years. His name is Mr. Richard Davet.  The story was titled Ohio Homeowner Fights Foreclosure and Lives Payment Free for 11 Years.
Basic info on Mr. Davet;
 After spending much of the year living at the homes [...]

Popularity: 25% [?]

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    • I can relate with this couple. I contacted WaMu in a proactive effort to get assistance during a hardship ...
      disillusionedVeteran | 3Sep08 | More
    • Did they change the terms of your loan to an arm? This is too risky
      catan785 | 13Aug08 | More
    • I am in limbo myself. Countrywide offered me a modification however the interest rate would adjust in five years. ...
      catan785 | 13Aug08 | More