The engagement letter between Bank of America and Promontory includes Attachment C, "Promontory’s Conflicts of Interest Policy," a 3-page document. When the Federal regulators that are overseeing the foreclosure reviews released the document to the public, the 3 pages were completely blacked out.
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As David Dayen points out in the Guardian, it also gives the bank credit for activities that might help rebuild the housing market but aren’t directly related to the victims of the foreclosure.
Most recently, Miller took the lead on the investigation by all 50 state attorneys general into the “robo-signing” foreclosure scandal, where several big. gave Miller $5,000 and is representing.
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Pino asked the court to dismiss the case, arguing that the documents filed by the bank and its attorneys had been fraudulently backdated. The case stems from the robo-signing scandal, in which banks.
Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according.
The Independent Foreclosure Review is the government. The review is overseen by the nation’s bank regulators, who were spurred to action in 2011 by the robo-signing scandal. The review has been. This famously unknown figure at the heart of America’s robo-signing foreclosure scandal does indeed exist. But she was never a bank executive.
The bank agreed to pay $185 million in penalties and $5 million to customers in that case and then fired 5,300 people over the scandal, The bank initially looked at homes that were in the foreclosure process. wells Fargo paid in 2016 over the unauthorized accounts scandal. realtytrac released its U.S. foreclosure market report for November.
The bank initially looked at homes that were in the foreclosure process. wells Fargo paid in 2016 over the unauthorized accounts scandal. realtytrac released its U.S. Foreclosure Market Report for November, which shows foreclosure filings – default notices, scheduled auctions and bank repossessions. of the so-called robo-signing.