securitization

UNSEALED: DOJ Confirms Holders of Securitized Loans Cannot Be Traced

UNSEALED: DOJ Confirms Holders of Securitized Loans Cannot Be Traced Originally posted at http://mortgageflimflam.com With additional edits by http://4closurefraud.org In a filing unsealed on June 3, 2016, the Department of Justice (DOJ)  confirms what many of us have known for years. Nobody, not even the U.S. Government, with massive resources, can determine who owns your loan and … Read more

Atomic

California Suspends ‘Business Relationships’ With Wells Fargo, Trillions at Stake

California Suspends ‘Business Relationships’ With Wells Fargo California, the nation’s largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt, from its banking transactions and in its investments after the company admitted to opening millions of bogus customer accounts. The suspension, in effect immediately, will remain in place for 12 … Read more

bubble

Like the Good Ol’ Days in So FL: Housing Market Frenzy at the Opening of a New Real Estate in Hangzhou

Housing Market Frenzy: Shocking Scene at the Opening of a New Real Estate in Hangzhou Surveillance camera caught the shocking moment a new real estate in east China’s Hangzhou city open for sale on Sept 24. The rush to buy was prompted by the introduction of restrictions on Monday which prevent people born outside Hangzhou … Read more

Pennies

Pinching Pennies in the Hedge-Fund Capital of America

Pinching Pennies in the Hedge-Fund Capital of America The lonely $250,000 S-Class coupe at Mercedes-Benz of Greenwich says it all. For six months, it’s been sitting in the showroom, shimmering in vain while models priced at only $70,000 fly out the door. “We haven’t had anyone come in and look at it,” says Joey Licari, … Read more

fraudclosureCuffsCrime

Nationstar Faces Allegations of Foreclosure Fraud, Again

“I don’t understand it. I never missed a payment. I don’t have a house anymore.” ~ Nationstar Faces Allegations of Foreclosure Fraud A Shelby County Circuit Court lawsuit and government records revealed a pattern of fraud allegations against mortgage-servicing company Nationstar Mortgage. The WMC Action News 5 Investigators launched an investigation of the Dallas-based mortgage-servicer after … Read more

house

‘Massive’ Shortage of Appraisers Causing Home Sales Delays

‘Massive’ Shortage of Appraisers Causing Home Sales Delays Housing demand is rising rapidly, but a key cog in the wheel to homeownership is in deep trouble. The people most needed to close the deal are disappearing. Appraisers, the men and women who value homes and whom mortgage lenders depend upon, are shrinking in numbers. That … Read more

hacked

Russian Hackers Hit Back After Olympic Ban

Russian Hackers Hit Back After Olympic Ban Russian hackers calling themselves the “Fancy Bears” have published private medical records of top American athletes. They have done this in the hope of creating a doping scandal that would shame the athletes and discredit the World Anti-Doping Agency (WADA). The Fancy Bears managed to publish medical records … Read more

Federal Reserve

Wells Fargo or the Federal Reserve: Who’s the Bigger Fraud?

Wells Fargo or the Federal Reserve: Who’s the Bigger Fraud? The Wells Fargo bank account scandal took center stage in the news last week and in all likelihood will continue to make headlines for many weeks to come. What Wells Fargo employees did in opening bank accounts without customers’ authorization was obviously wrong, but in … Read more

Chain of Title by David Dayen

Go Bid! Signed Copy of Chain of Title by David Dayen Available at Netroots Nation Auction

A signed copy of Chain of Title is one of the items available at the Netroots Nation auction. Good cause, go bid! https://t.co/kmGGvoaxzS — David Dayen (@ddayen) September 26, 2016 Go Bid! Signed Copy of Chain of Title by David Dayen Available at Netroots Nation Auction In the depths of the Great Recession, a cancer … Read more