Mortgage Fraud

Bad Countrywide Loans Addressed by BofA
Bank of America Offers to Modify 100K Countrywide Mortgages June 25, 2009 — Bank of America Corp. has offered to modify over 100,000 Countrywide sourced home loans over a four-month period. This is double the amount required under the settlement...
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California Foreclosure Rescue Scam Victim May Lose Foreclosed Property
July 21, 2008 — Foreclosure rescue scams are a form of predatory lending that became increasingly common during the mortgage bubble. Persons describing themselves as “lenders” took advantage of fraud and corruption in the mortgage industry to steal equity from...
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Plant Insulation Company Settles Asbestos Lung Cancer Case
San Francisco, CA — July 17, 2008 — On the day before closing arguments were scheduled to commence, defendant Plant Insulation Company elected to pay the plaintiffs’ settlement demand and resolve the asbestos case, Kathleen Schiebold, et al. v. Plant...
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Southern California Predatory Mortgage Lending Ring Arrested
SAN BERNARDINO, CA — April 4, 2008 — Prosecutors cracked down on a California mortgage fraud ring on March 18. The fraud ring, allegedly led by 25-year old real estate agent Eric Pony, reportedly took advantage of thousands of homebuyers...
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