House Hearings to Answer Question: Are Loan Servicers Honoring Their...
On Thursday, June 21, 2010, the House Committee on Oversight and Government Reform held a hearing they called: “Foreclosure Prevention, Part II: Are Loan Servicers Honoring Their Commitments to Help...
View ArticleForeclosure Error May Bring Home Break-In by Bank: Ann Woolner
By Ann Woolner Oct. 15 (Bloomberg) — For all the scandalous news about systemically sloppy foreclosure documentation, bankers are trying to reassure the public that no undeserved evictions resulted....
View ArticleFraudclosure | BofA’s Moynihan Said to Press Geithner on Foreclosure Agreement
A settlement among banks, state attorneys general and the Department of Justice would enable lenders to resolve delinquent loans and in turn allow the U.S. housing market to recover, Moynihan told the...
View ArticleBob Kelly CEO of Bank of New York Mellon Quits Citing “differences in...
Bank of New York-Mellon’s chief executive and chairman, Robert P. Kelly, has stepped down, the bank said on Wednesday, citing “differences in approaches to managing the company.” ~ Gerald L. Hassell...
View ArticleInsight: The Wall Street disconnect – “The consumer is simply an income...
Insight: The Wall Street disconnect David Mooney, chief executive officer of Alliant Credit Union in Chicago, one of the nation’s larger credit unions, used to work at one of Wall Street’s top banks,...
View ArticleBofA Said to Freeze Moynihan’s Salary
BofA Said to Freeze Moynihan’s Salary as Stock Awards Decline Bank of America Corp. cut Chief Executive Officer Brian T. Moynihan’s compensation for 2011, granting him no cash bonus and freezing his...
View ArticleROFL! Buffett Calls Banks “Victims” of Evicted Homeowners
The Market Ticker — ROFL! Buffett Calls Banks “Victims” Now this is one of those moments…. “Large numbers of people who have ‘lost’ their house through foreclosure have actually realized a profit...
View ArticleOccupy Activists Rally Outside Home of John Stumpf Wells CEO
Occupy activists rally outside home of Wells CEO Organized theater played Russian Hill on Saturday — 1960s street theater updated with 21st century themes. The setting was the base of the 14-story...
View ArticleMF’s Corzine Ordered $200 Million of Customer Funds Moved to JP Morgan, Memo...
MF’s Corzine Ordered Funds Moved to JP Morgan, Memo Says Jon S. Corzine, MF Global Holding Ltd. (MFGLQ)’s chief executive officer, gave “direct instructions” to transfer $200 million from a customer …...
View ArticleThe Bradley Foundation honors Heritage Foundation president Ed Feulner
Take note! Heritage Foundation president Ed Feulner is one of this year’s winners of The Lynde and Harry Bradley Foundation’s prestigious Bradley Prize for outstanding achievement, the conservative...
View ArticleBloomberg Television | Ritholtz, Barofsky on FDIC, Financial Regulations (VIDEO)
Neil Barofsky, former special inspector for the U.S. Treasury’s Troubled Asset Relief Program and a Bloomberg Television contributing editor, and Barry Ritholtz, chief executive officer of FusionIQ,...
View ArticleDimon Faces Image ‘Nightmare’ With JPMorgan Energy Probe
Dimon Faces Image ‘Nightmare’ With JPMorgan Energy Probe JPMorgan Chase & Co. (JPM)’s refusal to turn over e-mails in a federal probe of potential energy-market manipulation is the latest challenge...
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