Banking & Securities Fraud Consumer Fraud Foreclosure Fraud Fraud Schemes Mortgage Fraud

Loan Care LLC frauds crooks scammer illegal

on November 25, 2018 Loan Care will try and foreclose on any account at anytime even when the account is current. The new scam is to put the payments into a suspension account claiming they don’t know what to do with the money. They try and force the 3 month limit before sending people to […]

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Consumer Fraud Foreclosure Fraud Fraud Schemes Mortgage Fraud Our Daily News SCAMS Securities Fraud

Loan Scam Tips

If you’re struggling with your mortgage or trying to get your mortgage reduced, you can find help, free of charge, from HUD-approved counseling agencies. Visit our network directory to find one near you.  To speak with a housing counselor 24 hours a day or find a local agency, call 888-995-HOPE (4673).Loan Scam Alert PSALoan-modification scams take many […]

Banking & Securities Fraud Fannie Mae Foreclosure Fraud Freddie Mac Investment Fraud Our Daily News

U.S. Seeks Supreme Court Review of Fannie-Freddie Profit Sweep

(Bloomberg) — The Trump administration asked the U.S. Supreme Court to toss out a lawsuit by Fannie Mae and Freddie Mac investors that challenged the federal government’s hoarding of nearly all the mortgage giant’s profits. — Read on www.bloombergquint.com/politics/u-s-seeks-supreme-court-review-of-fannie-freddie-profit-sweep

Banking & Securities Fraud Consumer Fraud Foreclosure Fraud Mail Fraud Maryland Our Daily News US Department of Justice (DOJ) Wire Fraud

Three Convicted on Charges Related to Foreclosure Prevention Fraud Scheme

Department of Justice U.S. Attorney’s Office District of Maryland FOR IMMEDIATE RELEASE Thursday, June 21, 2018 Greenbelt, Maryland – Late on June 20, 2018, a federal jury convicted Michelle Sylethia Jordan, a/k/a Michelle Harris and Michelle Welsh, age 49; her husband, Michael Paul Anthony Welsh, a/k/a Michael A. Welsh and Michael Paul S. Welsh, age […]

Banking & Securities Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud US Securities and Exchange Commission (SEC)

Mortgage-Backed Securities

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News

Asset-Backed Credit Default Swap (ABCDS)

REVIEWED BY JAMES CHEN  Updated Apr 8, 2019 What is an Asset-Backed Credit Default Swap? An asset-backed credit default swap (ABCDS) is a credit default swap (CDS) wherein the reference asset is the asset-backed security rather than a corporate credit instrument. Understanding Asset-Backed Credit Default Swaps (ABCDS) Asset-backed credit default swap (ABCDS) agreements are similar to traditional credit […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Political Fraud

Credit Default Swap (CDS) Definition

REVIEWED BY JUSTIN KUEPPER  Updated Apr 20, 2019 What is a Credit Default Swap (CDS)? A credit default swap (CDS) is a financial derivative or contract that allows an investor to “swap” or offset his or her credit risk with that of another investor. For example, if a lender is worried that a borrower is going to default on a loan, the lender […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Political Fraud

Loan Credit Default Swap (LCDS) Definition

REVIEWED BY JAMES CHEN  Updated Apr 10, 2019 What Is a Loan Credit Default Swap (LCDS)? A loan credit default swap (LCDS) is a type of credit derivative in which the credit exposure of an underlying loan is exchanged between two parties. A loan credit default swap’s structure is the same as a regular credit default swap (CDS), except that the […]

Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud

General Electric Agrees to Pay $1.5 Billion Penalty for Alleged Misrepresentations Concerning Subprime Loans Included in Residential Mortgage-Backed Securities

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, April 12, 2019 The Department of Justice today announced that General Electric (GE) will pay a civil penalty of $1.5 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) to resolve claims involving subprime residential mortgage loans originated by WMC […]