Foreclosure Investigation

Administration Shames Banks For Poor Performance In Anti-Foreclosure Program

HuffingtonPost.com | Arthur Delaney | Posted 12.07.2011

Read More: Video, Hamp, Housing, Home Affordable Modification Program, Foreclosure, Foreclosure Fraud, Foreclosure Investigation, Foreclosure Settlement, Politics News

The Obama administration chided two of the nation's biggest banks Wednesday for failing to improve their performance in the administration's signature...

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Rep. Tammy Baldwin: No Immunity For Banks In Foreclosure Deal

HuffingtonPost.com | Amanda Terkel | Posted 01.03.2012

WASHINGTON -- Rep. Tammy Baldwin (D-Wis.) is set to introduce a resolution in Congress this week calling on the Obama administration and state attorne...

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Florida AG Pressured By Targets Of Investigations To Soften Approach, Critics Say

HuffingtonPost.com | William Alden | Posted 12.12.2011

Read More: Florida Attorney General, Florida Attorney General Pam Bondi, Pam Bondi, Foreclosure Crisis, Mortgage Settlement, June Clarkson, Pam Bondi Foreclosure, Foreclosure Investigation, Foreclosure Settlement, Business News

FORT LAUDERDALE, Fla. -- Last December, when she was still investigating foreclosure fraud as a top lawyer in the Florida attorney general's office, J...

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New York Attorney General Kicked Off Government Group Leading Foreclosure Probe

HuffingtonPost.com | Shahien Nasiripour | Posted 10.24.2011

Read More: Foreclosures, Foreclosure Negotiations, New York Attorney General Eric Schneiderman, Foreclosure Fraud, New York Attorney General, Foreclosure Investigation, Video, Business News

WASHINGTON -- New York Attorney General Eric Schneiderman on Tuesday was kicked off the committee leading the 50-state task force charged with probing...

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Delaware Attorney General Beau Biden Moves To Join Bank Of America Mortgage Deal, Signaling Concerns

HuffingtonPost.com | Shahien Nasiripour | Posted 10.05.2011

Read More: Mortgage Investigation, Bank of America, Beau Biden, Foreclosure Crisis, State Attorneys General, Eric Schneiderman, Foreclosure Fraud, Foreclosure Investigation, Business News

WASHINGTON -- Delaware Attorney General Beau Biden signaled his intent Friday to intervene in a proposed $8.5 billion settlement over troubled mortgag...

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Side Deal With Bank Of America Would Cede Liability In Exchange For Homeowner Relief

HuffingtonPost.com | Shahien Nasiripour | Posted 10.02.2011

Read More: State Attorneys General, Robo-Signing, Bank of America Foreclosure Fraud, Bank of America, Foreclosure Fraud Investigation, Foreclosure Fraud, Foreclosure Investigation, Bank of America Foreclosures, Business News

WASHINGTON -- Federal and state prosecutors are in advanced negotiations with Bank of America in pursuit of a settlement that would forgive the bank f...

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WATCH: Senior Obama Administration Official Says Government Hasn't Sufficiently Probed Foreclosure Abuses

HuffingtonPost.com | Shahien Nasiripour | Posted 09.14.2011

Read More: Elizabeth Warren, Video, Foreclosure Crisis, Kamala Harris, Elizabeth Warren Foreclosure Investigation, Wells Fargo, Elizabeth Warren Foreclosures, Ally Financial, Bank of America, Preemption, Jamie Dimon, Mortgage Investigation, Elizabeth Warren Obama, JPMorgan Chase, State Attorneys General, Foreclosure Investigation, Citigroup, Business News

WASHINGTON -- A top Obama administration official on Thursday questioned the scope of the state and federal investigations into alleged mortgage abuse...

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JPMorgan Chase Profit Jumps 13 Percent Despite Mortgage Woes

HuffingtonPost.com | Shahien Nasiripour | Posted 09.13.2011

Read More: Elizabeth Warren, JPMorgan Chase, Foreclosure Crisis, State Attorneys General, JPmorgan Earnings, Elizabeth Warren Foreclosures, Banks, JPMorgan Profit, Jamie Dimon, Bank Earnings, Foreclosure Investigation, Business News

NEW YORK -- JPMorgan Chase, the second-largest U.S. bank by assets, reported a 13 percent jump in profits, to $5.4 billion, as lending continued to sl...

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As Government Nears Accord With Banks, Questions Swirl Over Scope Of Investigation

HuffingtonPost.com | Shahien Nasiripour | Posted 09.09.2011

Read More: Foreclosure Crisis, Sherrod Brown, Robo-Signing, Robert Menendez, Foreclosure Fraud, Mortgage Investigation, Tom Miller, Tom Coburn, State Attorneys General, Eric Schneiderman, State AG Foreclosure, Richard Shelby, Jeff Merkley, Foreclosure Fraud Investigation, Lisa Madigan, Foreclosure Investigation, Business News

WASHINGTON -- State and federal prosecutors are pressing to complete a proposed settlement with the nation's five largest home loan companies over all...

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Regulators Scrutinizing Mortgage Lawsuits Against Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 09.05.2011

Read More: Fdic Bank Capital, Foreclosure Crisis, Wells Fargo, Ally Financial, Bank of America, Foreclosure Fraud, Mortgage-Lawsuits, Mortgage Investigation, JPMorgan Chase, Federal Deposit Insurance Corporation, Mark Pearce Fdic, Foreclosure Lawsuits, Foreclosure Investigation, Citigroup, Mark-Pearce, Video, Business News

WASHINGTON -- Federal bank regulators are scrutinizing more than 150 home loan-related lawsuits directed at lenders and mortgage companies, a top offi...

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Official: Bank Of America 'Significantly Hindered' Federal Investigation

HuffingtonPost.com | Shahien Nasiripour | Posted 08.13.2011

Read More: Mortgage Investigation, HUD IG, Inspector General, Hud Inspector General, State Attorneys General, Mortgage Securities, Bank of America, Bank of America Mortgage, Bank of America Foreclosures, Foreclosure Investigation, Video, Business News

NEW YORK -- Bank of America, the largest U.S. bank by assets, "significantly hindered" a federal investigation into the firm's faulty foreclosure prac...

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Bank Of America Faces New Probe; New York Attorney General Launches Investigation Into Mortgage Securitization

HuffingtonPost.com | Shahien Nasiripour | Posted 08.12.2011

Read More: Mortgage Investigation, Bank of America Eric Schneiderman, State Attorneys General, Eric Schneiderman, Mortgage Securities, Bank of America, Sheila Bair, New York Attorney General, Foreclosure Investigation, Business News

New York Attorney General Eric Schneiderman has targeted Bank of America, the biggest U.S. bank by assets, in a new probe that questions the validity ...

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Foreclosure Fraud Price Tag Four Times Higher Than Banks' Initial Proposal

HuffingtonPost.com | Shahien Nasiripour | Posted 08.06.2011

Read More: Wells Fargo Foreclosures, Foreclosure Crisis, State Attorneys General, Tom Perrelli, Attorneys General, Citigroup Foreclosures, Thomas Perrelli, Foreclosure Fraud, Bank of America Foreclosures, Foreclosure Investigation, Jpmorgan Chase Foreclosures, Business News

WASHINGTON -- The nation's largest mortgage companies are operating on the assumption that they will have to pay as much as $20 billion to resolve cla...

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WATCH: Shahien Nasiripour Says, 'The Government's Here To Play Ball'

Huff TV | Posted 07.18.2011

Read More: HUD IG, Shahien Nasiripour, Citigroup, Amy Goodman Shahien Nasiripour, False Claims Act, Wells Fargo, Ally Financial, Bank of America, Department of Housing and Urban Development, Foreclosure Fraud, JPMorgan Chase, Foreclosure Investigation, Consumer Financial Protection Bureau, Nasiripour Democracy Now, Foreclosures, Democracy Now, Video, Business News

Shahien Nasiripour, Senior Business Reporter for The Huffington Post, appeared on "Democracy Now!" to discuss his recent report, "Confidential Federal...

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Confidential Federal Audits Accuse Five Biggest Mortgage Firms Of Defrauding Taxpayers

HuffingtonPost.com | Shahien Nasiripour | Posted 07.16.2011

Read More: Federal Housing Administration, HUD IG, JPMorgan Chase, State Attorneys General, Consumer Financial Protection Bureau, False Claims Act, Wells Fargo, Ally Financial, Bank of America, Foreclosure News, Foreclosure Fraud, Foreclosure Investigation, Department of Housing and Urban Development, Exclusive, Citigroup, Business News

WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of ...

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HSBC Continues Freeze On Home Seizures

HuffingtonPost.com | Shahien Nasiripour | Posted 07.11.2011

Read More: Hsbc, Foreclosure Crisis, Foreclosure Freeze, State Attorneys General, Foreclosure Fraud, Foreclosure Investigation, Business News

HSBC North America Holdings, the ninth-largest U.S. bank by assets, told investors Wednesday that the bank's moratorium on home seizures continues in ...

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Obama Administration, State Officials Expected To Give Banks New Mortgage Terms

HuffingtonPost.com | Shahien Nasiripour | Posted 07.06.2011

Read More: JPMorgan Chase, Foreclosure Crisis, State Attorneys General, Wells Fargo, Ally Financial, Bank of America, Foreclosure Fraud, Foreclosure Investigation, Citigroup, Business News

WASHINGTON -- The Obama administration and state officials are expected to offer the nation's five largest mortgage firms updated terms next week in o...

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Banks Illegally Foreclosed On Dozens Of Military Borrowers

HuffingtonPost.com | Shahien Nasiripour | Posted 07.05.2011

Read More: Foreclosure Crisis, Holly Petraeus, Illegal-Foreclosures, Banks, Bank of America, Servicemembers Civil Relief Act, Foreclosure Fraud, Deutsche Bank, JPMorgan Chase, Morgan Stanley, State Attorneys General, Consumer Financial Protection Bureau, Military Borrowers, Cfpb, Military Foreclosures, Foreclosures, Foreclosure Investigation, Business News

WASHINGTON -- Two of the nation's largest mortgage firms illegally foreclosed on the homes of "almost 50" active-duty military service members, accord...

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Mortgage Debt Relief For Distressed Homeowners Won't Hurt Big Banks, IMF Says

HuffingtonPost.com | Shahien Nasiripour | Posted 06.15.2011

Read More: Foreclosures, Bank Capital, Wells Fargo, International Monetary Fund, Bank of America, Foreclosure Fraud, Foreclosure Settlement, JPMorgan Chase, State Attorneys General, Imf, Foreclosure Investigation, Citigroup, Business News

NEW YORK -- A broad mortgage debt-relief program for distressed homeowners would not significantly impact the nation's four biggest banks, according t...

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Big Banks Save Billions As Homeowners Suffer, Internal Federal Report Finds

HuffingtonPost.com | Shahien Nasiripour | Posted 05.28.2011

Read More: Elizabeth Warren, Foreclosure Crisis, State Attorneys General, Consumer Financial Protection Bureau, Consumer Financial Protection Agency, Foreclosure Fraud, Foreclosure Investigation, Foreclosure Settlement, Video, Business News

NEW YORK -- The nation's five largest mortgage firms have saved more than $20 billion since the housing crisis began in 2007 by taking shortcuts in pr...

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Obama Administration Scales Back Proposed Homeowner Relief Effort Over Alleged Foreclosure Abuses

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Wells Fargo Foreclosures, Foreclosure Crisis, Foreclosure Fraud, Wrongful Foreclosures, Bank of America Foreclosures, Jpmorgan Chase Foreclosures, Foreclosure Abuses, Tom Miller, Foreclosure Probe, Foreclosure Investigation, Video, Business News

The Obama administration has significantly diminished a proposed homeowner relief program that initially aimed to force the nation's five largest mort...

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Obama Administration's Plan To Punish Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosure Crisis, Wells Fargo, Ally Financial, Bank of America, Business, Foreclosure Fraud, Underwater Mortgages, Politics, JPMorgan Chase, State Attorneys General, Foreclosure Investigation, US News, Citigroup, Business News

NEW YORK -- The Obama administration is seeking to force the nation's five largest mortgage firms to reduce monthly payments for as many as three mill...

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The Continuing Mortgage Mess

Robert Kuttner | Posted 05.25.2011

Read More: Foreclosures, Elizabeth Warren, Foreclosure Investigation, Foreclosure Crisis, Illegal-Foreclosures, State Attorneys General, Business News, Foreclosure, Homeowners, Foreclosure Fraud, Business News

After the drubbing that the Democrats took last November, you would think that it might occur to the White House that it makes sense to be more clearly aligned with the interests of consumers. But that is still contested terrain.

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Congressional Republicans Set Sights On Homeowners, Elizabeth Warren As Split Emerges with State GOP Leaders

HuffingtonPost.com | Zach Carter | Posted 05.25.2011

Read More: Elizabeth Warren, Foreclosure Crisis, State Attorneys General, Randy Neugebauer, Richard Shelby, Foreclosure Fraud, Foreclosure Investigation, Business News

WASHINGTON -- As state and federal officials near an agreement with the nation's largest financial firms to settle allegations of abusive foreclosure ...

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Mortgage Industry Could Face Massive Changes That Protect Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tom Miller, Foreclosure Crisis, Roy Cooper, Foreclosure, Foreclosure Fraud, Lisa Madigan, Foreclosure Investigation, Foreclosure Settlement, Business News

Federal regulators and the top law enforcement officers in all fifty states are eyeing big changes to the dysfunctional home loan industry. If these o...

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