Tag Archives: Goldman Sachs

Federal Reserve Makes Morgan Stanley Pay For Some Foreclosures

Consent Order Issued Morgan Stanley may have sold off its mortgage servicing unit, but that did not stop the Federal Reserve from holding the company accountable for robo-signing and other improper foreclosure proceedings which occurred during 2009 and 2010. The Federal Reserve announced on April 3rd that it had issued a consent order against Morgan Stanley, … Continue Reading

HUD Inspector General’s Reports on Foreclosure Handling Process of Five Major US Banks

In conjunction with its publication of the $25 billion settlement agreement, the Department of Housing and Urban Development’s Inspector General released separate reports detailing its investigation of foreclosure-handling practices at five major U.S.banks – JPMorgan, Wells Fargo, CitiMortgage, Bank of America and Ally Financial.   The Inspector General’s reports confirm and detail the lengths to which … Continue Reading
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