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US investigates Deutsche Bank in

foreclosure case
Andrea Ania and 25 others recommend this. Undo

Fri Jan 28, 2011 7:04pm EST

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* Allegations Deutsche Bank filed false documents Share this

* Inquiry could affect foreclosures across United States

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* Testimony demanded from Deutsche Bank officials

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By Scot J. Paltrow
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MORE REUTERS RESULTS FOR:
"Duetcha Case on forclosure" NEW YORK, Jan 28 (Reuters) - A branch of the U.S. Department of Justice
Print
is investigating whether Deutsche Bank (DBKGn.DE) filed false documents
and attempted to mislead a bankruptcy judge in a foreclosure action.
Follow Reuters Related News

Twitter YouTube Although the investigation involves the case of only one homeowner in WikiLeaks founder
Connecticut, a court document filed on Jan. 26 by the United States says enjoys making
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banks squirm
Trustee's Office said it wants to elicit information about Deutsche Bank's Fri, Jan 28 2011
practices in general in foreclosure cases. Corporate defender
leading
The inquiry involves Deutsche Bank National Trust Co, the Deutsche Bank Ecuadoreans vs
unit that acts as trustee for thousands of trusts that invested in mortgage- Chevron
Fri, Jan 28 2011
READ backed securities. The U.S. Trustees' Office is a division of the Department
U.S. regulator
of Justice responsible for overseeing administration of bankruptcy cases.
Gaddafi forces strike rebels in west and east struggles to gain
1 Libya faulty mortgage info
In recent months, the office has stepped up efforts around the United Fri, Jan 28 2011
|
10:19am EST States to block banks and law firms from using false or fabricated BankUnited IPO
Charlie Sheen fired from "Two and A Half
documents in home foreclosure actions. The effort follows disclosures in raises more than
2 Men" October 2010 of large-scale "robo-signing", the mass signing of foreclosure expected-
| underwriter
8:56am EST affidavits containing "facts" that had never been checked, and wide Thu, Jan 27 2011
production of false mortgage assignments. UPDATE 3-
Bipolar disorder vastly undertreated: study
3 07 Mar 2011
BankUnited IPO
The Jan. 26 court motion stated that "The United States Trustee has raises more than
Arab media says Gaddafi looking for exit deal reviewed the documents filed by Deutsche in this case and has concerns expected-
4 07 Mar 2011 underwriter
about the integrity of those documents and the process utilized by
Thu, Jan 27 2011
China cool to Libya no-fly zone proposal Deutsche in" filing to foreclose.
5 6:00am EST
Jane Limprecht, spokeswoman for the U.S. Trustee's office, confirmed that Analysis & Opinion
the examination was part of a nationwide effort begun by the office in recent US Fed cash-flow data
DISCUSSED
months to investigate suspected improper actions by banks and other called underused weapon
in war on drugs
Protesters rally in Wisconsin after mortgage servicers in foreclosure cases. (Complinet Special
91 governor threatens layoffs
Report)
She declined to comment on the specific examination of Deutsche Bank in
Congress’s corruption
the case. calamities continue as the
Thomas saga unravels
Exclusive: Wisconsin’s Walker
80 vows no compromise on unions POSSIBLE SANCTIONS

April Charney, a Florida legal aid attorney who represents homeowners in Related Topics

Wisconsin Senate Democrats say foreclosure cases and who is an expert on mortgage securitizations, said Stocks »
64 no date set for return Regulatory News »
that aside from possible sanctions against Deutsche Bank in this
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http://www.reuters.com/article/2011/01/29/foreclosures-deutschebank-probe-idUSN281175... 3/8/2011
US investigates Deutsche Bank in foreclosure case | Reuters Page 2 of 3

WATCHED Bank's practices in general, and on its ability to foreclose on large numbers Bonds »
of homeowners in default. Global Markets »
Secretive U.S. space
mission launches Financials »
Sat, Mar 5 2011
Lawyers for homeowners in foreclosure have alleged similar practices by
Deutsche Bank in cases around the country.
Stocks
Erruptions from Kilauea Charney said the evidence elicited in the inquiry could apply to many other Deutsche Bank AG
volcano DBKGN.DE
Sun, Mar 6 2011
Deutsche Bank foreclosures by putting the bank on notice that its practices €44.33
have not been legal, and that it may lack the basic authority even to bring -0.21 -0.47%
7:36am PST
many of the foreclosure cases.
The debate over no fly zones
in Libya
Mon, Mar 7 2011 The document said that Deutsche Bank never presented evidence in the case that it was ever
authorized to serve as trustee for the trusts.

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