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Foreclosure Fraud Guide
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ASSIGNMENT FRAUD REPORT
LPS Complaint | State of Nevada vs Lender Processing Services, Fidelity National, DOCX
OFFICE OF THE ATTORNEY GENERAL Catherine Cortez Masto, Attorney General 555 E. Washington Avenue, Suite 3900 Las Vegas, Nevada 89101 Telephone – (702) 486-3420 Fax – (702) 486-3283 Web – http://ag.state.nv.us FOR IMMEDIATE RELEASE Contact: Jennifer López DATE: December 16, 2011 702-486-3782 NEVADA ATTORNEY GENERAL SUES LENDER PROCESSING SERVICES FOR CONSUMER FRAUD Carson City, … Read more
California Spurns $15bn in Mortgage Aid from Robo-signing Settlement
California spurns $15bn in mortgage aid By Shahien Nasiripour in Washington California, home to the largest US property market, spurned an offer of roughly $15bn in lower monthly mortgage payments and reduced loan balances for its residents in talks to settle allegations of mortgage-related misdeeds by leading US banks. Bank of America had guaranteed California … Read more
U.S. Attorney General Holder, State and Federal Officials Announce Collaboration to Investigate Residential Mortgage-backed Securities Market
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, January 27, 2012 U.S. Attorney General Holder, State and Federal Officials Announce Collaboration to Investigate Residential Mortgage-backed Securities Market WASHINGTON – Attorney General Eric Holder along with Housing and Urban Development (HUD) Secretary Shaun Donovan, Securities and Exchange Commission (SEC) Director of Enforcement Robert … Read more
CREDO | Update on our campaign to send Wall Street bankers to jail
Update on our campaign to send Wall Street bankers to jail. After months of activism from people like you, President Obama announced in his State of the Union speech the creation of a new task force to investigate and hold banks accountable for causing the foreclosure crisis and financial meltdown. The task force will have … Read more
Forced Placed Insurance | Elderly Couple Facing Foreclosure Claims JPMorgan Took Payments for Principal and Interest and Applied it Toward Insurance
Baird couple facing foreclosure claims house payments wrongly uncredited to mortage loan It’s been enough to make Virginia Tollett sick with worry. “If we hadn’t went and got an attorney, they would have auctioned our house on the courthouse lawn,” said Tollett, 72, her voice rising. “They would have sold our house.” Tollett and her … Read more
David Dayen | How the Schneiderman Panel Could Work
How the Schneiderman Panel Could Work Here’s what my sources say about that aspect of things. The panel was attached to the existing financial fraud task force because it didn’t require a new executive order. It gives the New York AG new resources that he can take to his state to pursue claims under the … Read more
Think Progress | Mitt Romney Profited From Mortgage Lenders Foreclosing On Thousands Of Floridians
Romney Profited From Mortgage Lenders Foreclosing On Thousands Of Floridians A ThinkProgress examination of Mitt Romney’s presidential personal financial disclosures from May 2011 reveal that the former Massachusetts governor and his wife own or owned millions of dollars worth of a Goldman Sachs investment fund invested heavily in mortgage-backed obligations. And the current owners of … Read more
Who Woulda Thunk | Former Teamsters Lawyer, Kevin Clor, Who Now Works for Steven J. Baum, Accused of Forging Documents and Stealing $200k
I could just imagine the resume he submitted to the Baum firm to get the job… Expert in forgery. Check! Able to falsifying business records. Check! Make up names of employees that don’t exist. Check! You just can’t make some of this stuff up! ~ Former Teamsters lawyer accused of stealing $200k NEW YORK, Jan … Read more
Matt Stoller | “Mortgage Fraud is a Top Priority for This Administration”
“Mortgage Fraud is a Top Priority for This Administration” By Matt Stoller, the former Senior Policy Advisor to Rep. Alan Grayson and a fellow at the Roosevelt Institute. You can reach him at stoller (at) gmail.com or follow him on Twitter at @matthewstoller. Since the President is now establishing yet another committee to look into … Read more
Bondi Calls Harris a Liar | Attorney General Champs, Chumps, and Eric Schneiderman
“Since AG Bondi has called AG Harris a liar over what the proposed settlement release of bailed out bank liability is, AG Bondi should release the text that’s on the table. Then we all can see who’s right.” ~ Attorney General Champs, Chumps, and Eric Schneiderman by Abigail Field A lot of news has broken … Read more
Par for the Course | Floriduh Attorney General, Pam Bondi, Bashes States that Rejected Nationwide Foreclosure Settlement
Florida Attorney General bashes states that rejected nationwide foreclosure settlement Florida Attorney General Pam Bondi stood by the 50-state attorneys general settlement with the nation’s biggest banks on Thursday as California and Delaware formally rejected the proposal she helped negotiate. Bondi said Floridians can’t wait for foreclosure relief and that the draft proposal sent to … Read more
David J. Stern | Foreclosure King to Burger King, Stern buys into Five Guys Burgers
So, this morning I got word that David J. Stern is buying up all the Five Guys Burgers in the country. My source in Fort Lauderdale tells me that attorney David J. Stern has rolled over his $Millions in foreclosure home profits and the cash he got up front from the Chardan 2008 China Acquisition … Read more
Bank of America Impeding Investigation of its Loan Mod Practices by Negotiating Secret Settlements with Borrowers Who Must Agree Not to Criticize the Bank
“The settlement agreement purposefully makes it impossible, legally and practically, for a consumer signing it to come forward, voluntarily and promptly, to provide evidence in this case.” ~ Bank of America Settlements Impede Fraud Probe, Arizona Says Jan. 26 (Bloomberg) — Bank of America Corp. is impeding an investigation of its loan modification practices by … Read more
Naked Capitalism | Yes, Virginia, Servicers Lie to Investors Too: $175 Billion in Loan Losses Not Allocated to Mortgage Backed Securities (and Another $300 Billion on the Way)
Yes, Virginia, Servicers Lie to Investors Too: $175 Billion in Loan Losses Not Allocated to Mortgage Backed Securities (and Another $300 Billion on the Way) The structured credit analytics/research firm R&R Consulting released a bombshell today, and it strongly suggests that prevailing prices on non-GSE (non Freddie and Fannie) residential mortgage backed securities, which are … Read more
Matt Taibbi | Is Obama’s ‘Economic Populism’ for Real?
Is Obama’s ‘Economic Populism’ for Real? My first thought, when I heard about this deal, was that Schneiderman was deciding to compromise on robosigning and other post-securitization abuses, in exchange for a mandate to go after the much bigger crimes, which took place in the origination/securitization stages. The securitization offenses were massive criminal conspiracies, identically … Read more
Friends of Angelo | Issa Instructs Law Firm to Conceal Members’ Identities in Countrywide Documents
Issa Instructs Law Firm to Conceal Members’ Identities in Countrywide Documents Cummings Questions Next Steps of Committee’s Investigation of “VIP” Loan Program Washington, DC (Jan. 25, 2012)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent a letter to Chairman Darrell Issa asking why he directed the law … Read more
Action Alert | Brooklyn NY Foreclosure Auction Blockade Action – Today at 1pm, Jan 26th
Defend Brooklyn homes from foreclosure today by stopping the auctions! Date/Time Date(s) – Thu. Jan 26 2012 1:00 PM – 5:00 PM Location Brooklyn Supreme Court 360 Adams Street Brooklyn, NY 1-2pm – Meet first at FUREE, 81 Willoughby Street, Room 701, Downtown Brooklyn Contact: http://www.nycga.net/members/misfist/ Schedule 1-2pm – Meet at FUREE, 81 Willoughby Street, … Read more
Ellen Brown | WHY ALL THE ROBO-SIGNING? SHEDDING LIGHT ON THE SHADOW BANKING SYSTEM
WHY ALL THE ROBO-SIGNING? SHEDDING LIGHT ON THE SHADOW BANKING SYSTEM The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal. The scandal involves employees signing names not their own, … Read more
SIGTARP Report | The Special Master’s Determinations for Executive Compensation of Companies Receiving Exceptional Assistance Under TARP
Summary When Congress created the Troubled Asset Relief Program (“TARP”) in 2008, it included some limits on compensation for employees at companies that received TARP assistance. After several major TARP recipients paid employees billions of dollars in bonuses for 2008, the President, the U.S. Department of the Treasury (“Treasury”), and Congress expressed frustration. The President … Read more
Repost | (I Can’t Get No) Satisfaction | Mortgage Reincarnation – Paid Off Mortgages Coming Back to Life at an Alarming Rate
In light of the story, Reuters | Old Mortgages Rise from the Dead, Haunt Homeowners, we re-present the post that discuses mortgage reincarnation from a few weeks ago. The post features the Bowers family from the Reuters piece… Enjoy! ~ Manufactured Fraudclosure Via Revocation of Satisfaction of Mortgage Over a year ago, we started noticing … Read more
Reuters | Old Mortgages Rise from the Dead, Haunt Homeowners
“This is an epic problem that the economy hasn’t even begun to digest,” said Florida foreclosure analyst Lisa Epstein. ~ Old mortgages rise from the dead, haunt homeowners (Reuters) – In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Topeka, Kansas. The couple wanted to take advantage of … Read more
