BofA's Darling Countrywide Accused of Doing the Hustle

By -

It’s taken them quite a long time to get around to this.

 

From DS News

 

Justice Department Sues BofA for Over $1B, Alleging Mortgage Fraud

Manhattan U.S. Attorney Preet Bharara announced a lawsuit against the bank in a release Wednesday over "defective" loans that were sold to Fannie Mae and Freddie Mac. The lawsuit stems from origination practices from Countrywide, which BofA acquired in 2008. According to the complaint, Countrywide implemented a loan process called the "Hustle," which pushed loans through the origination process by eliminating quality checkpoints. A spokesperson for Bank of America said the bank "has stepped up and acted responsibly to resolve legacy mortgage matters." » Read More

 

 

- sunil

 

SUNIL SETHI REAL ESTATE


Helping Families Find Homes with Great Schools in Fremont, Newark and Union City.


Love Us on Yelp!

 

Like Us on Facebook

 

  Property Search | Featured Listing | Neighborhoods | Home Value | School Score | Property Tax

   To access most updated listings on MLS from your phone, Download my FREE app from "My Mobile App".

 

 

Comments

Post a Comment

Popular posts from this blog

Mission Lakes Neighbors Ask Union City Mayor and Council to ​Rethink East West Connector

By -
Tomorrow ​ (2/27/18)​ will be your LAST, but also BEST opportunity to stop the East West Connector as currently planned.   The city council was trying to rush this decision through quietly.  But this is now receiving the attention it deserves.  Mercury News blasts funding diversion from Rail to Highway: https://www.mercurynews.com/ 2018/02/26/union-city-looks- to-divert-75-million-in- public-transit-funds-for-new- 320-million-road/ Bike East Bay declares Opposition to East West Connector Proposal: https://www.mercurynews.com/ wp-content/uploads/2018/02/ bike-east-bay-opposition-to- east-west-connector-proposal. pdf East Bay Times provides additional information on UC fiscal emergency: https://www.eastbaytimes.com/ 2018/02/22/union-city-council- to-weigh-fiscal-emergency- declaration/ The East West Connector has been on the books since the 60s and reflects the thinking of that era.  This $320M road is oversized.  This 90ft wide road will cross the Old Alameda Creek twice and will const
Read more

Fremont's New Housing Legislation is another step in the right direction!

By -
Image
Fremont has now taken another step into the future, requiring that all new houses be delivered ready for the installation of electric-car charging stations.  According to the  East Bay Times , the city of Fremont has announced that any new housing project must include both solar panels and the electrical wiring required for the installation of a charging station Will this new legislation make the ownership of electric vehicles even more appealing to residents? Will Fremont turn into a zero-emission vehicle hub? http://www.greencarreports.com/news/1110317_solar-panels-ev-chargers-required-in-new-homes-in-fremont-ca Sunil Sethi  /  REALTOR,  Broker, MBA, CPA(inactive), GREEN Sunil Sethi Real Estate   38750 Paseo Padre Pkwy #B3, Fremont, CA 94536   www.sunilsethi.com BRE #01173766                              
Read more

Fwd: FRC Update 4-21-23 🏀 Lots of events happening next week!

By -
Image
Naturalization Info in Persian Farsi, SparkPoint Info in Dari, FasTrak® Discount, Financial Class for Teens, Mentors for Afghan Refugees, Tax Service Extended, & more! FRC Update on April 21, 2023 Reaching FRC Agencies The FRC buildings are open Monday-Friday 8am-5pm. Each of the FRC's 20+ agencies decide their own office status ( Office Open , By Appointment Only or By Phone Only ). For the list of agencies, their office status and the best way to reach them, click here . Questions? Call the FRC at 510.574.2000. Masks: Masks are strongly recommended at the FRC and some agencies require them. NEWS & SPECIAL EVENTS
Read more