Former Washington Mutual Officials Near Deal With FDIC Over Bank Losses
BLOOMBERG- Former Washington Mutual Inc. (WAMUQ) Chief Executive Officer Kerry Killinger and Chief Operating Officer Stephen Rotella are in lawsuit settlement talks with the Federal Deposit Insurance...
View ArticleCHASE BANK v. GERGIS | NY Civ. Court “ROBO-TESTIMONY, WAMU, CREDIT-CARD DEBT”...
Decided on June 15, 2011 Civil Court of The City of New York, Kings County Chase Bank USA, N.A. against Shady A. Gergis EXCERPTS: UNDERLYING FACTS: For its first witness, plaintiff called Martin...
View ArticleNo criminal charges in WaMu failure
Keep moving…nothing to read here….just more of the same SEATTLEPI- No charges will be filed against the leadership team of Washington Mutual Bank, which failed in 2008 amid a cloud of suspicion that...
View ArticleFDIC has to face $10 billion WaMu-related lawsuit
REUTERS- A federal judge ruled that the Federal Deposit Insurance Corp has to face a $10 billion lawsuit tied to the failure of Washington Mutual Bank. The judge refused the FDIC’s request to dismiss...
View ArticleOPINION: In Re: WASHINGTON MUTUAL, INC., Bankruptcy Judge Denies...
THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: WASHINGTON MUTUAL, INC., et al., OPINION1 Before the Court is the request of Washington Mutual, Inc. (“WMI”) and WMI Investment...
View ArticleKABOOM! Lender Processing Services LOSES Breach of Contract Claim in WAMU...
Lender Processing Services, Inc. just filed a Regulation FD Disclosure alerting investors that On May 9, 2011 in the U.S. District Court for the Central District of California to recover alleged losses...
View ArticleEx-WaMu worker claims he was shunned for refusing to push toxic loans on...
The Mortgage Salesman Who Wouldn’t Sell iWATCH- In the case of the salesman who wouldn’t sell, the two sides have starkly different tales to tell. Greg Saffer says conscience and common sense prevented...
View ArticleRePOST: CHASE BANK v. GERGIS | NY Civ. Court “ROBO-TESTIMONY, WAMU,...
Note: This post went missing shortly after it was on the site back in June 2011 and IMO may be a clue as to why the recent massive halts nationwide, but in reality, this began last June This is far...
View ArticleTREVINO vs MERSCORP | MERS Settles, Avoiding Class Action Foreclosure Fee...
An 11th-hour settlement is expected to stave off potential class action status in a lawsuit that claims foreclosed borrowers were overcharged for attorneys’ fees that the Mortgage Electronic...
View ArticleBanks face crisis in bungled commercial mortgages
Oh yes, MERS is in this rabbit hole as well: From a 10/10 post EXCLUSIVE | NYSC COMMERCIAL (CMBS), MERS and a $65 MILLION NOTE If this doesn’t do them in then look for the Next Robo-Signing Scandal:...
View ArticleOCC Probing JPMorgan Chase Credit Card Collections
Credit Cards WILL BE the NEXT robo-signing scandal! American Banker- JPMorgan Chase & Co. took procedural shortcuts and used faulty account records in suing tens of thousands of delinquent credit...
View ArticleLinda Almonte | How a Whistleblower Halted JPMorgan Chase’s Card Collections
American Banker- No sooner did Linda Almonte show up for work on November 30, 2009 than was she escorted out the door by security at JPMorgan Chase’s Credit Card Litigation Support Group in San...
View ArticleOnewest Bank, FSB v Galli | NYSC “ASMT between WMC & WAMU a nullity and...
SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF RICHMOND ONEWEST BANK, FSB, as successor in interest to INDYMAC BANK, FSB, Plaintiff against JOHN A. GALLI, GEORGANN GALLI, and “JOHN DOE #1″ through...
View ArticleIn RE: BAILEY | MA BK Court “the Court cannot determine whether Washington...
via- Leagle IN RE BAILEY In re: CARMEN M. BAILEY, Chapter 13, Debtor, CARMEN M. BAILEY, Plaintiff, v. WELLS FARGO BANK, NA, Defendant. Case No. 09-44760-HJB, Adversary Proceeding No. 09-4190. United...
View ArticleBofA, U.S. Bancorp sued for role as WaMu bond trustee
Another day, another new suit against securities. REUTERS- Bank of America Corp (BAC.N) and U.S. Bancorp (USB.N) have been sued by a Chicago pension fund that said they failed to protect investors in...
View ArticleJPMorgan Chase Whistleblower: ‘Essentially Suicide’ To Stand Up To Bank
I hear what she’s saying about googling her name, because I can tell you there were a ton of “Linda Almonte” searches that lead to SFF. She’s a hero to many. HuffPO- When Linda Almonte alerted her boss...
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