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  • FANNIE MAE knew in 2005 about the Mortgage and Servicing Fraud, but when confronted conspired to cover it up.

    Posted by Brien Law Group
    Brien Law Group
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    New Yory Times Article FANNIE MAE knew in 2005 about the Mortgage and Servicing Fraud, but when confronted conspired to cover it up. In documents published in the NY Times, it has become apparent that FANNIE MAE did investigate and find the industry wide fraud and instead of addressing it or fixing the problem, ignored it and in some ways co ...
    Feb 05 Tags: Untagged
  • Over 10.2 million in Foreclosure process?

    Posted by Brien Law Group
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    Call it what you will—the “shadow inventory,” the “distressed inventory,” the “foreclosure pipeline”—but if you ask five researchers how many houses or mortgages we should worry about, you’ll probably get at least five completely different answers. Given this, Developments examined these worrisome numbers and see how they stack up." There are ...
    Jan 12 Tags: Untagged
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  • In 2013, you may owe federal income taxes if you have a short sale, foreclosure

    Posted by Brien Law Group
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    January 04, 2012| By Donna Gehrke-White, Sun Sentinel Now is the time to make the hard decision: Are you going to walk away from your underwater home? Uncle Sam is still giving homeowners until Dec. 31 to go through a short sale or foreclosure without tax consequences -- as long as the lender officially releases the debt. Read More HereJanu ...
    Jan 10 Tags: Untagged
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Attorney Legal News Blog

Bankruptcy

Owens Corning lawsuit survives bankruptcy - 3rd Cir.

The 3rd Circuit reinstated product-liability claims that came to light after the building-materials maker emerged from bankruptcy.

MF Global to get $168 mln back from JPMorgan

The bank, under scrutiny for its ties to the collapsed commodities firm, will return "excess collateral" that it was holding when the brokerage's bankruptcy began.