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

aig

AIG Reaches Deal to Sell Mortgage Insurance Unit

AIG Reaches Deal to Sell Mortgage Insurance Unit The United Guaranty sale to Arch Capital Group will create the world’s largest private mortgage insurer American International Group Inc. said late Monday afternoon that it had reached an agreement to sell its mortgage insurance unit, United Guaranty Corp., to Bermuda-based Arch Capital Group for about $3.4 … Read more

Love Your Broken Home

Tim Miller – “Love, Your Broken Home” (Live Studio Recording)

 Tim Miller – “Love, Your Broken Home” (Live Studio Recording) A little while back I listened to an interview on the radio involving predatory lending practices. On one side, they had a family on the verge of being homeless because of these predatory practices. On the other side, they interviewed a twenty something year old … Read more

New Jersey

New Jersey: Big Banks Make Bad Neighbors

“And yet, having foreclosed on these homes and kicked out the families, banks allow neighborhoods to rot and force honest, taxpaying citizens to suffer for their neglect.  The people of New Jersey deserve better than this.” ~ New Jersey: Big Banks Make Bad Neighbors The house across the street from you got foreclosed on in … Read more

sec

To Settle SEC Case, Government Pays Itself $100,000

To Settle SEC Case, Government Pays Itself $100,000 Former Fannie Mac CEO reaches agreement that places no restrictions on future work Former Fannie Mae chief executive  Daniel Mudd reached a “settlement” with the Securities and Exchange Commission in a crisis-era case it filed against him. The deal, filed on Monday, requires essentially nothing of Mr. Mudd. … Read more

Foreclosure Crisis

Foreclosure Crisis Worsens Spurring Cries of State Inaction

Foreclosure crisis worsens in Massachusetts, spurring cries of state inaction The effects of the Great Recession may be receding, but many Massachusetts homeowners remain underwater. The number of foreclosures is rising, and that trend is expected to continue. The reason, experts say, is a backlog of old foreclosures that were stalled due to a state … Read more

Chain of Title by David Dayen

‘BradCast’ David Dayen Discusses Three Unsung Heroes of the Mortgage Meltdown

‘BradCast’ David Dayen Discusses Three Unsung Heroes of the Mortgage Meltdown (Starts @ 34:07) David Dayen discusses three unsung heroes of the mortgage meltdown – ordinary people who wouldn’t let their homes be foreclosed without fighting back. They sparked a movement that turned foreclosures back on the banks and led to real legislative change… ~ … Read more

Court

The NEIGHBORHOOD ASSOCIATION, INC. v. Jill M. LIMBERGER: Connecticut Supreme Court Clarifies Condition Precedent for HOA Foreclosure Actions

Connecticut Supreme Court Clarifies Condition Precedent for HOA Foreclosure Actions On April 26, 2016 the Connecticut Supreme Court issued a decision in The Neighborhood Association, Inc. v. Jill M Limberger, et al, 321 Conn. 29, which held that pursuant to Conn. Gen. Stat.  §47-258(m)(1)(C), prior to any foreclosure action of an  homeowners’ association (HOA) commenced … Read more

fire house

Former Branch Manager of Chicago Title Charged with Arson of Her Own Foreclosed Home

Bellingham woman charged with arson of her own foreclosed home BELLINGHAM – A former branch manager of Chicago Title in Lynden has pleaded not guilty to the arson of her own home northeast of Bellingham. The four-bedroom house at 5323 E. 21st Drive caught fire a little after 11 p.m. April 19, 2015, according to … Read more