Tag Archives: News Dumps

Judge has Ruled: Detroit to Shed Billions in Bankruptcy

Posted on December 4, 2013 by theglawfirm1

Judge Steven Rhodes made the long-awaited decision – Detroit is cleared for bankruptcy. Last July 18th, 2013, Detroit filed for bankruptcy protection, making this city the largest in our nation’s history to make this huge step. The city is more … Continue reading →

JP Morgan Chase Agrees to $13 Billion Settlement

Posted on November 23, 2013 by theglawfirm1

In the article published November 8, 2013, I wrote JPMorgan Chase had tentatively agreed to pay another fine. In that tentative settlement Chase was mulling over paying out $13 billion, with most of that going towards relief from many state … Continue reading →

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JP Morgan Chase May Pay $13B Settlement for Mortgage Practices

Posted on November 8, 2013 by theglawfirm1

On October 18th, JPMorgan Chase tentatively agreed to paying yet another fine to the Justice Department. This time Chase is settling federal and state lawsuits over their mortgage-backed securities business and questionable mortgage practices that led up to the financial … Continue reading →

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New Mortgage Laws

Posted on October 23, 2013 by theglawfirm1

The Consumer Financial Protection Bureau (CFPB) just released a detailed report, a bulletin and interim final rule amending the mortgage servicing rules and offering guidance under the existing rules. These mortgage loan rules go into effect January 10, 2014 and … Continue reading →

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City Officials’ Radical Idea Buying Foreclosed Homes

Posted on October 18, 2013 by theglawfirm1

Richmond, California Mayor Gayle McLaughlin is pushing a radical idea. She’s pressing her city to take over 624 homes that are underwater in this foreclosure-plagued city. San Bernardino had considered the same proposal but had to reject the idea after … Continue reading →

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DOJ Forced to Revise Inflated Mortgage Fraud Numbers

Posted on August 27, 2013 by theglawfirm1

Last October, the Department of Justice (DOJ) claimed that after a one-year investigation, run by its Mortgage Fraud Working Group (MFWG), they indicted 530 people who had victimized more than 73,000 people. They added homeowners had lost $1 billion in … Continue reading →

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Tag Archives: News Dumps

Judge has Ruled: Detroit to Shed Billions in Bankruptcy

JP Morgan Chase Agrees to $13 Billion Settlement

JP Morgan Chase May Pay $13B Settlement for Mortgage Practices

New Mortgage Laws

City Officials’ Radical Idea Buying Foreclosed Homes

DOJ Forced to Revise Inflated Mortgage Fraud Numbers

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