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CFPB Nails Mortgage Lender for Illegal Referral Kickbacks
http://reversemortgagedaily.com/2014/01/16/cfpb-nails-mortgage-lender-for-illegal-referral-kickbacks/
CFPB Nails Mortgage Lender for Illegal Referral Kickbacks The Consumer Financial Protection Bureau took action Thursday against a Missouri-based mortgage lender and its owner for funneling illegal kickbacks to a bank in exchange for real estate referrals. The agency is ordering the lender, Fidelity Mortgage 

Ohio Appellate Court Rejects Mortgage Servicing Class Action, Finds ...
http://www.mondaq.com/unitedstates/x/284142/Dodd-Frank+Wall+Street+Reform+Consumer+Protection+Act/Ohio+Appellate+Court+Rejects+Mortgage+Servicing+Class+Action+Finds+Foreclosure+Actions+Are+Not+Consumer+Transactions+Under+The+Consumer+Sales+Practices+Act
Yesterday, the Eighth District Ohio Court of Appeals affirmed the dismissal of a putative class action raising claims against a noteholder, mortgage servicer, and law firm under Ohio's Consumer Sales Practices Act ("CSPA"). In Glazer v. Chase Home

Citigroup Inc (C): Judge allows expanded mortgage-bond class-action suits
http://seekingalpha.com/news/1484481-Judge-allows-expanded-mortgage-bond-class-action-suits
U.S. District Judge Harold Baer has widened the scope of class-action litigation over the sale of over $34B in mortgage bonds. Investors can now join together to sue Citigroup (C), Goldman Sachs (GS) and UBS (UBS) over an estimated $11.9B worth of

NY Federal Court Allows RMBS Trustee Suit Against GE Mortgage To Proceed
http://www.mondaq.com/unitedstates/x/288288/Financial+Services/NY+Federal+Court+Allows+RMBS+Trustee+Suit+Against+GE+Mortgage+to+Proceed
On January 14, Judge Katherine B. Forrest of the United States District Court for the Southern District of New York denied a motion for judgment on the pleadings in an action brought by the Bank of New York Mellon as Trustee for GE-WMC Mortgage 

Call 12 for Action - mortgage consultants in hot water

Call 12 for Action - mortgage consultants in hot water

Nationstar Mortgage discloses potential CFPB enforcement action

Nationstar said that it continues to cooperate with the CFPB. The notice provides the company an opportunity to present its position to the CFPB before an enforcement action may be recommended or commenced. Nationstar said it intends to do so.

“There can be no assurance that the CFPB will not seek to exercise its enforcement authority through settlement, administrative proceedings, or litigation and seek injunctive relief, damages, restitution, and civil monetary penalties, which could have a material adverse effect on our business, reputation, financial condition, and results of operations,” Nationstar said in the filing. “However, we believe it is premature to predict the potential outcome or to estimate any potential financial impact in connection with any potential CFPB enforcement action.”

Nationstar also said that it does not believe a loss is probable and that it has not recorded an accrual related to the matter as of March 31. While there is a chance that the company may incur a loss, it the possible loss is not estimable.

TAKING ACTION INVESTIGATION: Flood insurance requirements threatens to put Athens family's finances 'underwater'

ATHENS, Ala. - A young couple with a baby on the way buys their first home. Now, they are finding themselves drowning financially because they did not realize the home they bought sat in a flood zone.

Abigail Stafford, 25, and her husband are a young family with a new baby and new priorities.

"All of our money is put where it needs to be," Stafford said.

The couple purchased a house on Coffman Drive in Athens last May. Stafford thought it was the perfect place to raise their family.

"We found something that was affordable right now, well within our means," Stafford explained. "Now, it's well without."

The mortgage fit within their budget and even left a little extra in their bank account.

"I didn't want to get too high to where we could be comfortable," Stafford said.

But, the family didn't realize the federal government, through FEMA, would be so involved. The Staffords were delighted to find their dream home and thrilled when their offer got accepted.

How do I file a Quiet Title action on a securitized mortgage?

I have a mortgage that has been securitized through mers. It is in washington state. How do I file a Quiet Title action? Or also, how do I find a good attorney who will do so for a fair price?


Most attorneys are thoroughly ignorant about the problems with MERS and the impact on the title of properties that have been securitized by the Banksters.