Massive new fraud coverup: How banks are pillaging homes — while the government watches

When financial crimes go unpunished, the root problem of fraud never gets fixed — and these are the consequences DAVID DAYEN Article from Salon.com Joseph and Mary Romero of Chimayo, N.M., found that their mortgage note was assigned to the Bank of New York three months after the same bank filed a foreclosure complaint against them; in…

Wells Fargo can’t keep alleged bogus foreclosure manual out of court

U.S. judge allows discovery on Tirelli’s smoking gun Trey Garrison and Brena Swanson Article from HOUSINGWIRE.COM A New York judge ruled that Wells Fargo (WFC) can’t keep its Home Mortgage Foreclosure Attorney Procedure Manual out of a lawsuit in federal court. U.S. Judge Allan Gropper agreed to allow the 150-page manual – a copy of which was obtained by…