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Bank News

Riverside Loan Modification Attorney – Will $26 Billion Settlement Help Homeowners?

Bank News, Foreclosure Litigation, Loan Modification, Riverside Loan Modification Attorney, Short Sale /

Will the $26 billion dollar settlement help homeowners?  The short answer -Probably Not. I have had numerous clients ask me about the highly touted settlement involving the attorney generals and the major banks.  Understandably, $26 billion sounds like it could potentially help a lot of people who want to stay in their home.  However, a […]

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Riverside Bankruptcy Attorney: 4 years after financial collapse, bank suspects something went wrong

Bank News, editorial, Riverside Bankruptcy Attorney /

In an article that reads like something out of “The Onion”, the Wall Street Journal reported today that Region’s Financial Corp. is investigating whether its executives misled shareholders about the health of subprime securities in 2007.  Region’s is investigating whether executives delayed the disclosure of loans that were failing before and during the financial crisis. 

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Riverside Bankruptcy Attorney – Did the Mortgage Industry Commit Fraud?

Bank News, Bankruptcy, Riverside Bankruptcy Attorney /

The Wall Street Journal reported today that several State Attorney Generals continue their investigation of mortgage practices.  At issue is whether banks committed fraud by originating loans and then packaging them into securities for resale.  While the investigation of mortgage companies is not new, the attorney generals have issued subpoenas for bond insurance companies who

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Banks Try to Settle Mortgage Fraud Charges

Bank News, Loan Modification, Riverside Bankruptcy Attorney /

The Wall Street Journal reports today that the nation’s largest banks currently seek to settle claims made by state and federal officials of improper mortgage-servicing practices through a payout of $5 billion.  These claims arose after it was revealed that the largest banks failed to oversee the servicing effots including the foreclosure process of thousands

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