KABOOM! BofA, GMAC, Chase, Wells, Citi, Onewest Face N.J. Foreclosure Freeze

Posted by 4closureFraud on December 20, 2010 · 5 Comments 

KABOOM! This is coming in from multiple fronts… Chink in the Armor The State Supreme Court of NJ has ordered a halt to all foreclosure in the state of NJ. This is most excellent news for the reason you may not realize: NJ is owned by the Wall St. Bankers.  Remember the movie Copland about … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Fannie Increases Restrictions on Lender Processing Services, Other Technology Middlemen; LPS Document Shows Degree of Influence Over Law Firms

Posted by 4closureFraud on December 20, 2010 · Leave a Comment 

Fannie Increases Restrictions on Lender Processing Services, Other Technology Middlemen; LPS Document Shows Degree of Influence Over Law Firms Naked Capitalism… We’ve discussed Lender Processing Services, which serves as an outsourcer to the mortgage servicing industry, primarily via a software platform, as well as other companies with similar business models. One of LPS’s major activities … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Why New York Foreclosures Are Grinding to a Halt

Posted by 4closureFraud on December 20, 2010 · 20 Comments 

Why New York Foreclosures Are Grinding to a Halt By ABIGAIL FIELD Some excerpts from the report… On Oct. 20, New York State Chief Judge Jonathan Lippman ended robo-signing in New York state foreclosures by requiring a special affirmation from the banks’ attorneys. They now must swear that they know the banks’ documents are true … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud