Sentence examples for illegal foreclosure from inspiring English sources

In the face of widespread evidence of illegal foreclosure practices, federal regulators in 2011 told the big banks to investigate themselves.

"Some prominent firms have even been mired in scandals that violate the most basic ethical norms - Libor and foreign exchange rigging, money laundering, illegal foreclosure".

A troubled and delayed federal effort to hold big banks accountable for illegal foreclosure practices got off to a poor start this month when some borrowers were unable to cash checks sent to them as part of a $9.3 billion settlement.

Private equity sensed an opportunity as the mortgage servicing business became a liability for the banks, leading Bank of America alone to reach settlements worth billions of dollars over federal accusations of using illegal foreclosure documents and unfair rejections of loan modifications.

Lagarde warned that the financial sector has not changed its behaviour fundamentally since the crisis, declaring: "Some prominent firms have even been mired in scandals that violate the most basic ethical norms - Libor and foreign exchange rigging, money laundering, illegal foreclosure".

I watch the videos of Elizabeth Warren grilling bank regulators on illegal foreclosure and cheer her on.

Without admitting wrongdoing, the former Countrywide unit agreed to pay $20 million to approximately 160 victims of illegal foreclosures from January 2006 to May 2009.

When asked to detail the number of illegal foreclosures at each bank, the regulators declined, arguing that the information amounted to "trade secrets".

Using a complex model, they focused on military members and homeowners who were current on their payments, along with other illegal foreclosures.

The Declaration of the Occupation of New York, issued on Sept. 29, lists many grievances against corporations, including illegal foreclosures, exorbitant bonuses, workplace discrimination, job outsourcing, anti-union tactics and campaign contributions.

The Obama administration supported this by neutering laws against illegal foreclosures.