Legal News

Industry Executives Announce Formation of Lenders Credit Consulting Group

(October 15, 2007) Erin Forbes and Cynthia Hamilton, mortgage industry executives, announce the formation of Lenders Credit Consulting Group (LCCG).

National Groups Thank Regulators for Proposing Stronger Standards for Dangerous Subprime Loans

WASHINGTON--(BUSINESS WIRE)--The devastating reign of “exploding” adjustable-rate mortgages (ARMs) in the subprime market may soon be over.

Green Welling LLP Files Class Action Suit Against New Century Financial Corporation

SAN FRANCISCO--(BUSINESS WIRE)--Green Welling LLP (“Green Welling”) announced today that it filed a class action suit in the United States District Court for the Central District of California aga

Over 80 Groups Call on Regulators to Offer Equal Protections for Families Stuck in Dangerous Subprime Home Loans

DURHAM, N.C.--(BUSINESS WIRE)--Yesterday, more than 80 diverse groups representing over 60 million Americans called on federal financial regulators to clarify that high-risk subprime adjustable-rate m

Fog Cutter Capital Group Inc. Announces Resignation of Auditors UHY LLP

PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Fog Cutter Capital Group Inc. (OTC: FCCG) today announced the resignation of UHY LLP as the Company’s auditors.

The reports of UHY LLP on the Company’s financial statements for the past two fiscal years did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.

The National Credit Reporting Association Partners with Leading Identity Theft Service Providers

NCRA Endorsement Provides Its Members with Next-Generation Resolution and Detection Services

INDIAN WELLS, Calif.--(BUSINESS WIRE)--The National Credit Reporting Association, Inc. (NCRA), a national trade association of consumer reporting agencies and associated professionals that provide products and services to hundreds of thousands of credit grantors, employers and landlords, announced today an agreement with Merchants Information Solutions, Inc., a nationally recognized consumer and business credit information company, and NXG Strategies, Inc. (NXG), a nationally recognized marketing and consulting firm, to support NCRA’s new identity theft program for credit reporting agency members.

Renowned Fraud Expert Frank McKenna of BasePoint to Speak on Mastering Mortgage Fraud with Analytics at Mortgage Fraud Conf.

--(BUSINESS WIRE)--BasePoint Analytics:
WHO: Attendees: Mortgage lending fraud and risk management executives, and law enforcement professionals.

Speaker: Frank McKenna, Chief Fraud Strategist, BasePoint Analytics

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