Vasquez v. Florida Default Law Group, PL | Employee: ‘Foreclosure mill’ force her to work off clock

Posted by 4closureFraud on January 13, 2011 · 1 Comment 

Employee: ‘Foreclosure mill’ force her to work off clock TAMPA – A former employee of a major foreclosure law firm in Tampa says she and others were forced to work “off the clock” to keep up with a flood of cases over the past three years. Denise Vasquez has filed a lawsuit against Florida Default … 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

DBR | Judge Holds Bankers in Contempt, Threatens Jail

Posted by 4closureFraud on January 13, 2011 · 3 Comments 

Judge holds bankers in contempt, threatens jail Jennifer Bailey Representatives from six major banks that skipped a hearing in a Miami condo association receivership case could face the wrath of Miami-Dade Circuit Judge Jennifer Bailey today if they fail to show up a second time. The judge already has declared lenders that own or are … 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

WAPO | In their fight with banks over mortgage losses, investors get on borrowers’ side

Posted by 4closureFraud on January 13, 2011 · 3 Comments 

In their fight with banks over mortgage losses, investors get on borrowers’ side By Ariana Eunjung Cha and Dina ElBoghdady Washington Post Staff Writers The fight between big banks and investors who lost a fortune on mortgage-backed securities is shifting from private litigation to the public arena. The change in strategy comes as the number … 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

Fraud Digest | Foreclosure Crimes

Posted by 4closureFraud on January 13, 2011 · 4 Comments 

LYNN E. SZYMONIAK, ESQ. FORECLOSURE CRIMES Action Date: January 13, 2011 Location: West Palm Beach, FL In the wake of the Massachusetts Supreme Court decision in Ibanez, a few facts regarding Mortgage Assignments to mortgage-backed trusts are worth noting. First, the vast majority of the hundreds of thousands of Mortgage Assignments made in the last … 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

Fraudclosure Smoking Gun? Liar Loans – JP Morgan Chase Loan Officer Lied on Borrowers Loan Applications to Make Numbers Work

Posted by 4closureFraud on January 13, 2011 · 15 Comments 

Over and over again, this is how loans were “funded”. It was not the borrower that knew what “numbers” to plug into the loan application to get them to go through. It was the “loan officers” who “massaged the numbers to make it work. Check out the documents below. They represent a borrower who showed … 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

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