Oscar-nominated documentary tells amazing story of the only U. – A jury found Abacus federal savings bank and two of its senior officers not guilty of grand larceny and other charges on Thursday after a four-month trial, rejecting the Manhattan district attorney’s attempt to prove that the bank systematically lied for years to the federal national mortgage association about the qualifications of its.
Why Bank of America Stock Soared in 2013 – These trends largely explained Bank of America’s success in this year’s comprehensive capital analysis and review process, or CCAR. After learning its capital plan had been approved by the Federal..
SEC Charges Goldman Sachs With Fraud Tied to Subprime Mortgages – Washington, D.C., April 16, 2010 – The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by. protection on specific.
Abacus Bank Found Not Guilty of Mortgage Fraud and Other Charges. – A jury found Abacus Federal Savings Bank and two of its senior officers. the Federal National Mortgage Association, known as Fannie Mae.
When Abacus Bank Was Accused of Fraud | The New Yorker – . into fraudulent mortgages at Abacus Federal Savings Bank and its impact. being sold to Fannie Mae, the federally backed mortgage company.. and 4th they found Abacus and its co-defendants not guilty on all counts.
CORRECTED: NY Jury Acquits Abacus Bank Of Larceny, Conspiracy Charges – Law360, Los Angeles (June 3, 2015, 10:36 PM EDT) — A New York state jury on Wednesday acquitted Abacus Federal Savings Bank. We could not be more grateful and appreciative of their service.” Wong.
Monday Morning Cup of Coffee: JPMorgan’s $13B mortgage settlement Lisa Anthony strangled by failed tycoon Jonathan who fled to. – A mother who was found dead alongside her daughter at their 2million Surrey home was strangled by her failed tycoon husband who then fled to France and cut his own throat. Lisa Anthony, 47, was.
Freedom Mortgage found guilty of defrauding homeowner – Freedom Mortgage has been found guilty of violating New Jersey’s Consumer Fraud Act in a suit brought against the mortgage lender by Mamie Major, who alleged that the lender issued her a home.
When Abacus Bank Was Accused of Fraud | The New Yorker – One afternoon in the fall of 2009, Jie Chen and Ariel Chi walked into the headquarters of Abacus Federal Savings Bank, near Canal Street, to inquire about a mortgage. Chi, who was twenty-four and.
A Tiny Bank’s Surreal Trip Through a Fraud Prosecution – In the heart of New York’s Chinatown, a mortgage closing at the Abacus Federal Savings Bank was just about. was that Fannie Mae, the entity that bought the 31 purportedly fraudulent abacus loans,
RealtyTrac reports foreclosure filings rise 3% in January Fitch updates ratings model; projects steep housing price Declines Fitch Projects A Further 25% Decline in US Home Prices – Fitch Updates Ratings Model; Projects Steep Housing Price Declines By: PAUL JACKSON. They also suggest a very bearish take on housing prices over the next five years: Fitch said in its report that it is expecting home prices to decline by an average of 25 percent in real terms at the national.Miami had the nation’s highest rate of residential foreclosures during the month of July, according to a new report from RealtyTrac. The report shows that one in every 339 homes in the Miami.Wells Fargo standing by accuracy of foreclosure affidavits "Foreclosure Affidavits Wells Fargo policies, procedures and practices satisfy us that the affidavits we sign are accurate. We audit, monitor and review our affidavits under controlled standards.
Chinatown's Abacus Bank Found Not Guilty of Mortgage Fraud. – A Manhattan jury today found Abacus Federal Savings Bank, a major player in Chinatown, not guilty of mortgage fraud. Two top bank executives were also acquitted. The financial institution is owned by the Sung family, which also has many real estate holdings on the Lower East Side, including the dormant Loew’s Canal Theater.