Posted by 4closureFraud on June 21, 2010 · Comments Off
Ever wonder where those trial payments go? Do they go to your loan balance? To your escrow? Do they go to your interest due? Do they go to fees owed? Or do they go into a black hole? I personally just don’t know… Check out the less than exciting Hamp Report below… ~ 4closureFraud.org HAMP … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, cdo, cds, clouded title, conspiracy, criminal, Fannie Mae, fight the banks, foreclosure, Foreclosure Fraud, HAMP, MERS, mortgage electronic registration system, predatory lending, securities fraud, securitized, Servicer Performance Report, wall street fraud
Posted by 4closureFraud on June 21, 2010 · 4 Comments
June 21, 2010 By: Paola Iuspa-Abbott By the time Glazy and Jose Ruscalleda realized that two different lenders were foreclosing on their condo mortgage, they were almost out of time. While their lawyer fought a foreclosure action by American Home Mortgage Servicing, the couple was unaware that HSBC Bank USA was about to ask a … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, Mortgage Fraud, securities fraud · Tagged with 3rd dca, 4closurefraud, American Home Mortgage, assignment, bank fraud, cdo, cds, clouded title, conspiracy, criminal, daily business review, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, Heidi Weinzetl, HSBC, Jennifer Bailey, Judge Mark King Leban, MERS, mortgage electronic registration system, Paola Iuspa-Abbott, produce the note, Ruscalleda, securities fraud, securitized, Shapiro & Fishman, WM Specialty Mortgage V. Alan F. Salomon, wrongful foreclosure
Posted by 4closureFraud on June 21, 2010 · Comments Off
Abstract: This Article explores a significant market-based threat to the Truth in Lending Act’s right of rescission, a remedy that attempts to deter lender overreaching and fraud during one of the most complex financial transactions of a borrower’s lifetime. The depressed housing market has substantially impaired many borrowers’ ability to fulfill their responsibilities in rescission’s … Read more
Filed under bankruptcy, cdo, cds, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, Mortgage Fraud · Tagged with 4closurefraud, bankruptcy, cdo, cds, foreclosure, Foreclosure Defense, Lea Krivinskas Shepard, modification, mortgage, North Carolina Law Review, rescission, tila, truth in lending
Posted by 4closureFraud on June 21, 2010 · 2 Comments
“Indeed, it appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies“ In my 1999 21st Century Loan Sharks Report, I coined and defined the term “Predatory Mortgage Securitization” (see http://en.wikipedia.org/wiki/Predatory_mortgage_securitization) in my report from MY PERSONAL RESEARCH AND ANALYSIS I DEFINED SOME THE FOLLOWING PRACTICES THAT DEFINED … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, b of a, bailout, bank fraud, bankruptcy, boa, double pledged, freddie mac, gse, livinglies, nye lavalle, securities fraud, Taylor Bean & Whitaker, triple pledged
Posted by 4closureFraud on June 20, 2010 · 19 Comments
By Susan Taylor Martin, Times Senior Correspondent In Print: Sunday, June 20, 2010 To thousands of homeowners whose loans have been shuttled from one company to another, the name “Bryan Bly” is very familiar. Over the past few years, Bly has signed countless mortgage assignments as either a notary public or “vice president” of various … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, assignment, bank fraud, Bryan Bly, cdo, cds, clouded title, conspiracy, criminal, Crystal Moore, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, forgery, fraud, MERS, mortgage electronic registration system, Nationwide Title, Notary Fraud, recordings, securities fraud, Susan Taylor Martin, theft
Posted by 4closureFraud on June 18, 2010 · Comments Off
Wow… Matt Weidner just put up his Compendium of Capacity Cases document for all to see. The efforts put into this document are amazing. Take the time to read and understand these issues and us it in your arsenal. Thank you FOR ALL OF YOUR HARD WORK Matt! Excerpts from his blog… The systematic failure … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, assignment, bank fraud, Capacity, cdo, cds, clouded title, Compendium, conspiracy, criminal, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, livinglies, Matthew Weidner, MERS, mortgage electronic registration system, recordings
Posted by 4closureFraud on June 17, 2010 · Comments Off
June 16 (Bloomberg) — Lee Farkas, the former chairman of Taylor, Bean & Whitaker Mortgage Corp., was accused by the U.S. of helping run a more than $1.9 billion fraud scheme that unsuccessfully attempted to steal money from the government’s Troubled Asset Relief Program. An indictment unsealed today in federal court in Alexandria, Virginia, alleges … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, Anthony C. Cochran, bank fraud, Bean & Whitaker, Chilivis, Cochran, conspiracy, criminal, CRIMINAL NO. 1M0-CR-200, fbi, freddie mac, Larkins & Bever LLP, LEE BENTLEY FARKAS, securities fraud, tarp, Taylor, Taylor Bean, Wire Fraud
Posted by 4closureFraud on June 17, 2010 · 3 Comments
ANAHEIM – A couple found dead in an apparent murder-suicide that also left their 3-year-old son critically wounded were awash in credit-card debt and about to lose their home to foreclosure, records show. Wayne and Herminia Zickefoose were found in their backyard with gunshot wounds to their heads, police said. Their 3-year-old son, shot at … Read more
Filed under bankruptcy, cdo, cds, foreclosure · Tagged with 4closurefraud, ANAHEIM, foreclosure, Herminia Zickefoose, Murder-Suicide, North Fairhaven Street, Trojan Auto Service, Wayne Zickefoose
Posted by 4closureFraud on June 16, 2010 · 1 Comment
Check out this “advice” from Lance Olsen a USFN (United States Foreclosure Network) member… Affidavit Review: Read Twice/Sign Once The phrase “in this environment” has become a fixture in describing the current state of mortgage servicing and the courts. For the attorney representing creditors, “this environment” means one of hyper-scrutiny by judges, trustees, and attorneys, coupled … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, assignment, bank fraud, bankruptcy, cdo, cds, clouded title, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, Lance Olsen, livinglies, MERS, produce the note, securities fraud, USFN, wrongful foreclosure
Posted by 4closureFraud on June 16, 2010 · 5 Comments
Let’s Get Ready to Rumble!!! National Mortgage News Freddie in Uproar Over B of A Probe Tied to TBW Freddie Mac is trying to prevent Bank of America from investigating its business relationship with the failed Taylor Bean & Whitaker, noting that the cost of the probe could cost the GSE $10 million or more. … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, b of a, bailout, bank fraud, bankruptcy, boa, freddie mac, gse, livinglies, securities fraud, Taylor Bean & Whitaker
Posted by 4closureFraud on June 16, 2010 · Comments Off
That’s gotta sting… I wonder how that is going to affect the portfolio of Palm Beach County, and all other counties and states for that matter??? WSJ By NATHAN BECKER, JESSICA HOLZER And JACOB BUNGE The regulator for Fannie Mae and Freddie Mac ordered the two government-sponsored mortgage purchasers to delist their shares from the … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bailout, bank fraud, conspiracy, criminal, delist, Fannie Mae, Federal Housing Finance Agency, FHFA, fight the banks, Foreclosure Fraud, forgery, fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud, U.S. Exchanges
Posted by 4closureFraud on June 16, 2010 · 4 Comments
Commentary George W. Mantor RISMEDIA, June 15, 2010—“Judge W. H. Mantor Commits Act of Shooting Self in Fit of Insanity at His Home.” So read the headline from an article in the February 7, 1919 issue of the Brainerd Dispatch Newspaper reporting the circumstances of my grandfather’s merge with the infinite. It went on to … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, assignment, bail out, bank fraud, cdo, cds, clouded title, conspiracy, criminal, deed of trust, fight the banks, florida default law group, foreclosure, Foreclosure Defense, Foreclosure Fraud, forgery, fraud, George W. Mantor, livinglies, MERS, mortgage electronic registration system, produce the note, securities fraud, securitized, theft, wall street fraud
Posted by 4closureFraud on June 16, 2010 · 2 Comments
This has to be one of the best ruling out of Florida involving MERS. AURORA LOAN SERVICES, LLC, v. JUDITH MENDES DA COSTA CASE NO.: 09-142-CA Some Excerpts… Emphasis added by me “While U.S. Bank alleged in its unverified complaint that it was the holder of the note and mortgage, the copy of the mortgage … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, assignment, aurora loan services, bank fraud, CASE NO.: 09-142-CA, cdo, cds, clouded title, conspiracy, criminal, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, forgery, fraud, Judge Rob Crown, JUDITH MENDES DA COSTA, MERS, mortgage electronic registration system, produce the note, recordings, securities fraud, securitized, standing, Stop foreclosure, unverified complaint, us bank
Posted by 4closureFraud on June 16, 2010 · 6 Comments
Another great contribution for Matt Weidner’s Blog If I was facing GMAC I would compare statements from this deposition (takes a minute to load) of Jeffrey Stephan to the one below. ~ 4closureFraud.org 2nd Deposition of Jeffrey Stephan – GMAC’s Assignment / Affidavit Slave Tweet
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, MERS, mortgage electronic registration system, securities fraud · Tagged with assignment, bank fraud, bankruptcy, cdo, cds, clouded title, conspiracy, criminal, Fannie Mae, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, forgery, fraud, freddie mac, GMAC, Jeffrey Stephen, livinglies, MERS, mortgage electronic registration system, produce the note, recordings, securities fraud, securitized, Stop foreclosure, wrongful foreclosure
Posted by 4closureFraud on June 16, 2010 · 6 Comments
It’s that time again folks. We are planning our next “Rally” in Florida. Last time, when we stormed the Capitol we organized the maneuver in four days. This time, we have been making our tactical advances with some lead time enabling strategic engineering of the mission and aiming for more exposure and a higher profile. … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, 4closurefraud.org, bank fraud, Bar Fight, boca raton, Boca Raton Resort, cds, clouded title, fight the banks, Florida Annual Bar Convention, florida bar, foreclosure, Foreclosure Defense, Foreclosure Fraud, foreclosure fraud fighters, foreclosurehamlet.org, Hero Appreciation Day, Jack Thompson, lynn Szymoniak, Matthew Weidner, MERS, mortgage electronic registration system, rally, Richard Carey, Ron Gillis, Stop foreclosure, Strategic Defense Unit, wall street fraud, War Room
Posted by 4closureFraud on June 15, 2010 · 5 Comments
Sorry for the delayed report on this… I bet this investor group would LOVE to hear about the Foreclosure Frauds perpetrated by this organization… Kick Em While They’re Down Just like they do to the homeowners that they are fraudulently foreclosing on… PRLog (Press Release) – Jun 01, 2010 – An investigation on behalf of … Read more
Filed under bankruptcy, cdo, cds, Corruption, foreclosure, Foreclosure Fraud, Front Page, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, assignment, bank fraud, bankruptcy, cdo, cds, clouded title, conspiracy, criminal, david j stern, djsp, DJSP Enterprises, foreclosure, Foreclosure Fraud, fraud, Racketeering, securities fraud, Shareholders Foundation, wall street fraud
Posted by 4closureFraud on June 15, 2010 · 1 Comment
Recently I wrote an “Open Letter to Judge Sasser.” Unfortunately, the intent of that letter has been misconstrued. I did not intend to imply that I was against Judge Sasser. I do not agree with all her decisions, but I believe Judge Sasser is developing into a good judge, possibly a great judge. Further, I … Read more
Filed under bankruptcy, cdo, cds, foreclosure, Foreclosure Fraud · Tagged with 4closurefraud, bank fraud, cdo, cds, clouded title, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, forgery, fraud, Judicial Recusal, meenu sasser, motion to dismiss, produce the note
Posted by 4closureFraud on June 15, 2010 · 6 Comments
If there are any accountants out there, please tell me I am interpreting this incorrectly… So I was looking into how bad this Foreclosure Crisis is and decided to take a look at one of the local County’s financial records and now I wished I didn’t… According to the Palm Beach County’s 2009 Comprehensive Annual … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, cdo, cds, clouded title, cmo, Collateralized Mortgage Obligations, Comprehensive Annual Financial Report, conspiracy, foreclosure, Foreclosure Defense, Foreclosure Fraud, Government Sponsored Enterprise, gse, livinglies, mbs, MERS, mortgage electronic registration system, palm beach county, pbc, predatory lending, securities fraud, securitized, wrongful foreclosure
Posted by 4closureFraud on June 14, 2010 · 11 Comments
This is a HUGE update to the MERS® Servicer Identification System. It now identifies the INVESTOR on your loan. How much do you want to bet that in almost all foreclosure cases the Plaintiff is not the Investor… Just a random sampling of cases will reveal that the Plaintiff is not the Investor. We are … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, assignment, bank fraud, cdo, cds, clouded title, conspiracy, criminal, deed of trust, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, fraud, livinglies, MERS, MERS InvestorID, mortgage electronic registration system, produce the note, recordings, securities fraud, securitized
Posted by 4closureFraud on June 14, 2010 · Comments Off
Abstract: Predatory lending, the origination of loans with abusive terms to homeowners, is rampant in the subprime mortgage market. In the last few years, many states responded to this problem by enacting consumer protection laws. Large segments of the lending industry have opposed these laws. In large part because of these complaints, momentum is building … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, bank fraud, bankruptcy, cdo, cds, clouded title, conspiracy, criminal, DAVID REISS, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, MERS, mortgage electronic registration system, predatory lending, rating agencies, securities fraud, securitized, subprime
