Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny
Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny Wells Fargo (WFC) and Citigroup (NYSE:C) have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency. The abrupt slowdown came in response to the OCC’s April release … Read more
Independent Foreclosure Review Payments Approach $2.2 Billion
Independent Foreclosure Review Payments Approach $2.2 Billion WASHINGTON—More than 2.4 million checks related to the Independent Foreclosure Review have been cashed or deposited for nearly $2.2 billion through May 16, 2013. To date, more than 3.9 million checks, totaling more than $3.4 billion, have been sent to eligible borrowers. The first wave of checks was … Read more
Thousands of Days Late, Billions of Dollars Short: OCC – Correcting Foreclosure Practices
i Correcting Foreclosure Practices Payments to Eligible Borrowers Begin April 12 Payments to 4.2 million borrowers are scheduled to begin on April 12 following an agreement reached by the Office of the Comptroller of the Currency and the Federal Reserve Board with 13 mortgage servicers. The agreement, which was reached earlier this year, provides $3.6 … Read more
Motion To Disqualify A Judge – Is Setting A Foreclosure Trial Violating The Court’s Neutrality?
Motion To Disqualify A Judge- Is Setting A Foreclosure Trial Violating The Court’s Neutrality? Courts all across this State of Florida have set themselves into the role of prosecuting cases for Plaintiffs. If a case has not been “moving toward resolution”, the court will in fact move that case toward trial and resolution for that … Read more
US BANK: Lawsuit to Take Aurora Woman’s House is Guaranteed
Lawsuit to take Aurora woman’s house is guaranteed, bank says The owners of an Aurora woman’s mortgage said they absolutely will file a foreclosure lawsuit to take her house because of claims that Colorado’s public trustee process is unconstitutional. In a request to dismiss a federal lawsuit against them, lawyers for U.S. Bank on Thursday … Read more
Home Foreclosure Rates are Comparable to the Great Depression
Have As Many People Lost their Homes as During the Great Depression? by WashingtonsBlog The San Francisco Chronicle notes that it is difficult to keep track of foreclosure rates now … let alone during the Great Depression: Foreclosure rates of the late 2000s are often compared with those of the Great Depression, which took place … Read more
Wells Fargo, QBE to Pay $19M to Settle Force-Placed Insurance Lawsuit
Wells Fargo, QBE to Pay $19M to Settle Force-Placed Lawsuit Wells Fargo and insurer QBE have agreed to pay $19.3 million to settle claims that they overcharged homeowners in Florida on lender-placed insurance policies. The proposed pact, filed Monday with the U.S. District Court in Miami, would resolve a lawsuit filed in April 2011 that … Read more
Wells Fargo Forecloses on Florida Man Who Paid on Time, Early
A man who made loan modification payments on time and early said Wells Fargo stopped taking payments and started foreclosing on his house. ~ 4closureFraud.org Tweet
Facing Foreclosure And Eviction, Family Finds Winning Lotto Ticket
Facing Foreclosure And Eviction, Family Finds Winning Lotto Ticket GENEVA, Ill. (CBS) – The timing couldn’t have been better for a family from north suburban Geneva when they hit the jackpot after finding some old Lotto tickets stuffed in a cookie jar. Earlier this month, Ricardo Cerezo said his wife was cleaning the kitchen in the … Read more
South Florida Garbage-Truck Drivers Now Trained to ‘Watch Your Back’
350 garbage-truck drivers from Palm Beach County to the Treasure Coast now trained to watch your back They troll streets in the wee hours, they know the neighborhoods and they know when something’s amiss. And now they want you to know, the garbage man has got your back. With the support and blessing of several … Read more
Holder Says AP Leak Required “Very Aggressive Action”… Bank Crimes, Not So Much
Holder Says Leak Required “Very Aggressive Action”… Bank Crimes, Not So Much Apparently it never occurred to Attorney General Eric Holder that the Associated Press might be “too big to fail.” If it had,then his Justice Department probably never would have investigated it. The AP isn’t just any news agency. It’s the largest one in … Read more
The Long and the Short of Household Formation
The Long and the Short of Household Formation Abstract One of the drivers of housing demand is the rate of new household formation, which has been well below trend in recent years, leading to persistent weakness in the housing market.This paper studies the determinants of household formation in the United States, including demographic and behavioral … Read more
Wall Street’s Gambler Brain Lacks Moral Conscience
Wall Street’s gambler brain lacks moral conscience SAN LUIS OBISPO, Calif. (MarketWatch) — Wall Street has no moral conscience. No public values. Zero. Will never change. Why? Wall Street insiders have one goal: get personally rich. How? Wall Street gets rich by stealing money from America’s 95 million investors. Yes, they steal, skim, scam, siphon … Read more
Economic Weapons of Mass Destruction: Mortgages in the Era of Mass Terror
The term “terrorism” defined by The Dept of Homeland Security means any activity that— (A) involves an act that— (i) is dangerous to human life or potentially destructive of critical infrastructure or key resources; and (ii) is a violation of the criminal laws of the United States or of any State or other subdivision of … Read more
The Vicious New Bank Shakedown That Could Seriously Ruin Your Life
The Vicious New Bank Shakedown That Could Seriously Ruin Your Life JPMorgan Chase and other big banks are accused of running a frightening scam collecting on credit card debt. It’s hard to imagine a more loathsome figure than the mob debt collector, a.k.a the “hired muscle.” It was this bruiser’s job to get the money … Read more
How The 1 Percent Does Disney: Rich Manhattan Moms Hire Handicapped Tour Guides So Kids Can Cut Lines
“Who wants a speed pass when you can use your black-market handicapped guide to circumvent the lines all together?” ~ Rich Manhattan moms hire handicapped tour guides so kids can cut lines at Disney World They are 1 percenters who are 100 percent despicable. Some wealthy Manhattan moms have figured out a way to cut … Read more
On Victory Drive, Soldiers Defeated by Debt
On Victory Drive, Soldiers Defeated by Debt by Paul Kiel, ProPublica, and Mitchell Hartman, Krista Kjellman Schmidt This story was co-produced with Marketplace. Listen to their coverage. Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge … Read more
Elizabeth Warren Pushes Feds For Answer On Big Bank Enforcement
Elizabeth Warren Pushes Feds For Answer On Big Bank Enforcement WASHINGTON — Sen. Elizabeth Warren (D-Mass.) raised the stakes of her quest to find out why a single Wall Street bank has not been prosecuted in the aftermath of the financial crisis Tuesday, sending a letter to the heads of three federal agencies. Warren, a … Read more
Action Alert: Email Gov Scott – Fast Foreclosure Bill Battle Not Over Despite Success in Legislature
Fast foreclosure bill battle not over despite success in legislature Supporters and opponents are still waging a battle over Florida’s fast foreclosure bill, hoping to sway Gov. Rick Scott to sign it into law or veto it all together _ a move one group fears is a strong possibility. An urgent message was sent Monday … Read more
Renter Evicted from Half-Million Dollar Home
video platformvideo managementvideo solutionsvideo player Renter Evicted from Half-Million Dollar Home FORT LAUDERDALE, Fla. – “I’m angry… I’m really angry. I’m so frustrated and so exhausted,” Jeff Sandler said while packing. On his moving day, while surrounded by movers, Sandler still had baggage that wouldn’t fit into any box and anger that he couldn’t keep … Read more
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