Iowa AG: Banks may face criminal liability after robo-signing settlement

Son of 7/7 bombing victim Adam Gray has no sympathy for compensation stealing mother – After blowing the money on seven chihuahuas. Mr Gray was awarded £50,000 and his sister £100,000 in compensation by the Criminal Injuries Compensation Authority. She has brought this upon herself.

Iowa Says State AG Accord Won’t Release Banks From Liability The 50-state attorney general group investigating mortgage foreclosure practices won’t release banks from all civil, or any criminal, liability in a settlement, iowa attorney general tom Miller said.

The eventual robo-signing settlement between the 50 state attorneys general and major mortgage servicers will not release these firms from all criminal or civil actions, according to Iowa AG Tom.

Forty-nine states, every one but Oklahoma, as well as federal regulators will participate in a foreclosure fraud settlement that will release the five biggest banks (Wells Fargo, Citi, Ally/GMAC.

Could it be that the masses are looking for a sacrifice? After the latest Bank of America settlement of almost 17 billion dollars over admitted mortgage fraud, people are demanding some serious prosecutions. Let’s face it, as sacrifices go, Angelo (hereafter, Angie-baby) Mozilo is a good candidate.

While today’s big news about the $26 billion, 49-state settlement with the five mega banks at the center of the home loan and foreclosure debacle that led to the great recession has financial ramifications for Washington State homeowners (thousands of homeowners who were hit by the crisis will.

Freddie Mac speeds up availability of streamlined loan mods Streamlined Loan Modification Program Frequently Asked. – Streamlined Loan Modification program frequently asked questions: important bulletin: December 14, 2016 – In single-family seller/servicer guide (guide) bulletin 2016-22 [PDF], freddie mac announced the new Freddie Mac Flex Modification, which is designed to offer you an easier, flexible way of helping more borrowers qualify for a loan modification in a changing housing environment.The cure to zombie foreclosures History: Fannie, Freddie Seized by Federal Government JW Showcase Invite viewers and premium advertisers to your custom video website with JW Showcase, a turnkey solution for delivering and monetizing video content with speed, ease, and style. · The government has not just through the stick of the CRA but through the carrot of Fannie Mae and Freddie Mac, which purchase,So how does an investor go about purchasing a zombie foreclosure? Prior to purchasing a zombie property/foreclosure, you will need to perform a title search to understand what liens are attached to the property and owner. Some liens can be easily removed, where as state and federal liens are not easily removed.

This settlement arises from multiple abuses found in the servicing of loans and the foreclosure process over the past several years. At the height of the housing bubble, banks sliced and diced.

Expectations are running high that the Federal government and a group of state Attorneys General are near a settlement with a number of major financial institutions over the improper notarization and document signing practices at the heart of the "robo-signing" crisis. A settlement – costing the banks an estimated $20 billion to $25.

Early life and education. Harris was born on October 20, 1964 in Oakland, California to a tamil indian mother, shyamala gopalan harris (1938-2009), and a Jamaican father, Donald Harris. Her mother was a prominent breast cancer researcher, who emigrated from Chennai, India, in 1960, and her father a Stanford University economics professor, who emigrated from Jamaica in 1961 for graduate study.

History: Fannie, Freddie Seized by Federal Government Freddie Mac, which faced insolvency when it was seized by the. the preferred shares the government has taken. The White House has estimated taxpayers might end up seeing a $51 billion profit on the.