Citigroup agreed to pay $7 billion to settle a federal probe into subprime mortgages. The settlement includes $4 billion civil penalties paid to the federal government plus $2.5 billion in “consumer relief” to help borrowers who lost homes to foreclosure. The final $500 million goes to the state attorney general and FDIC. Citigroup acknowledged it made serious misrepresentations to the public about the mortgage loans it securitized.
California’s portion of the settlement is $200 million of which $90 million must go to “consumer relief.” The relief will take the form of principal forgiveness, loan modifications, and donations to housing assistance nonprofits. The California Attorney General also announced in November a $300 million settlement with J.P Morgan Chase over its mortgage-backed securities misrepresentations. The deal does not preclude criminal prosecutions for banks or individual employees in the future. The $7 billion settlement represents half of the $14 billion in profits the company made in 2013.
Contact the Law Offices of Brad Weil at email@example.com or 310-515-7776 to set up your appointment today. Attorney Weil can help you navigate the complex legal process and work out a solution that best fits your needs.
Meet the Attorney
Brad Weil is a resident of the City of Carson. He is a graduate of Los Angeles Harbor College and Banning high school in Wilmington Cali
Mr. Brad Weil
Responded to my voice mail in a very short period of time, was very attentive, professional and a good listener.
He setup an appointment for me for the next day, everyone in his staff had a friendly attitude. I was surprise how fast he found a legal solution and strategy for my particular problem. I retained his services, and in court he was far superior to the opposing attorney and won the CASE for me after some very great verbal arguments even with the Judge. He was convincing and assertive.
I will refer any friends that need a very strong Attorney to Brad Weil.
I was referred to Brad by another Client. I cannot say enough nice things about Brad. He will be with you through the entire process. He does not push you off to a dozen paralegals or attorneys who show up in court but know nothing about your case (an experience I had with another attorney) . He is responsive and available to answer your questions, doesn’t speak to you condescendingly and treats you with respect. The type of work Brad does, people come to him broken and sometimes embarrassed or ashamed. He has compassion and sensitivity Retain Brad, you won’t be sorry!
Very professional; straight forward, and does not sugar coat anything so you know where you stand in a legal manner. If he does not know the answer to something on an immediate basis, he will be honest with you, and will find out in a very quick manner the answers to your questions. A very personable attorney, and very fairly priced.
Mr. Weil was very informative. He walked us through every aspect of our Bankruptcy filing. He was very attentive. We learned a lot in this process. I was against filing a BK in the beginning because I didn’t really understand what it was or how it could help our family. Mr. Weil put my fears to rest. He was always on time if not early. He took great care of us when we went to court and made sure that I had all of the paperwork I needed at all times. He and his staff went above and beyond and I am extremely grateful as a result. I would definitely recommend his services to anyone I meet.
Mr. Weil responded to a very pertinent bankruptcy question that I had and gave very good advice. While I did not hire him mainly because he was not located in the general vicinity, I would definitely refer him to others
Mr. Brad Weil is a “top shelf” lawyer, who has routinely adhered to the highest standards of ethical representation and jurisprudence while representing me and my family. He is definitely an asset to the community he serves. I would not hesitate to consult Mr. Weil in the future, concerning any legal matter.
My husband and I did NOT want to go through the Bankruptcy process. We were ashamed, embarrassed, and scared. But, after the initial consultation, Attorney Weil made us feel comfortable and eased our worries away. He explained all the processes very carefully. He was so thorough. He returned calls immediately and just really made you feel very important. He did not use any BIG words like many attorneys would, he made you understand what he was saying. Even in his busiest schedule, he made sure that he attended the 341 meeting with my husband and I. We truly appreciate his help with our financial crisis. Attorney Weil and his staff has provided us outstanding and excellent service. We highly recommend his practice.
Opting for bankruptcy was one of the most difficult choices I have had to make. I was overwhelmed and shamed by my finance situation. Once I met with Attorney Weil, all of my anxiety went away. He reassured me by patiently exploring all of the bankruptcy options with me and never made me feel bad for my circumstances. Attorney Weil made the intimidating process of bankruptcy very simple for me. Throughout the process he was there to personally answer all of my questions every step of the way. The date of the 341 meeting he was there with me, rather than a random representative, this made me feel very secure and at ease. I cannot thank him enough for his professionalism and help in my financial situation. I highly recommend Attorney Weil, he provides excellent services.
He is good as it gets. Explains, talks and listens. Knows how to your job . Saved my life. Vanessa is the best paralegal in the business. Thank you both.
We did not want to declare bankruptcy, but one of our creditors was threatening to garnish my wages. We were desperate and confused when we came to Brad. He looked at our rather complicated case and explained everything thoroughly to us. He helped us understand every aspect of what was happening with our bankruptcy. I can’t say I felt good about what we were going through, but Brad made us feel better!
As our case unfolded, it became even more complicated and Brad was always there every step of the way. He was thorough in his handling of paperwork and always prompt to return my many questioning phone calls. I was impressed with his professional handling of negotiations with our Court Trustee. Brad made a difficult situation as smooth and painless as it possibly could be. We recommend Brad whole heartedly.