Predatory Loan Servicing Fraud – Part Two in a Series

Here is part one if you missed it… Predatory Mortgage Servicing Fraud – First of a Series Part Two By George W. Mantor RISMEDIA, April 13, 2010—I am deeply disturbed by the widespread and effective campaign of financial intermediaries to shift the blame for a plan they implemented onto an unsuspecting public who believed, because … Read more

Ocwen Scoops Up Saxon Servicing Rights

From the orb… Saxon Mortgage Services Inc. says it has entered into a negotiated mortgage servicing rights sale agreement with Ocwen Loan Servicing LLC. The transaction complements Saxon’s strategy to enter the subservicing market, according to Anthony Meola, CEO of the Irving, Texas-based Morgan Stanley subsidiary. “Saxon has proven its core competency of asset performance … Read more

SB 2270 SHUT DOWN for now… Nonjudicial Foreclosure Act for Nonhomestead Properties

SB 2270 will not be heard until next week. Sanchez the Florida Bankers Association President was shut down about two minutes into his speech and was told to come back next week if he is in town.. We will be there. Will you? Time to get to work… More coming… 4closureFraud

Gee, It Took The Senate THREE YEARS? (WaMu)

Posted by Karl Denninger in Corruption In a pair of articles that outline exactly how outrageously corrupt our government’s so-called “regulators” really are, The WSJ points to the Senate investigation on Washington Mutual: WASHINGTON–Officials at the failed banking operations of Washington Mutual Inc. securitized substantial volumes of risky, fraudulent loans in the run-up to the … Read more

HB 1523 – Nonjudicial Foreclosure Bill Dies in House Committee

We are not done yet… SB 2270 is still alive… By Kimberly Miller Palm Beach Post Staff Writer Proposed legislation that would allow banks to foreclose on Florida homes without going to court died in a House committee Monday, giving supporters scant hope for success this year. “We knew this was a big change in … Read more