WSJ | MERS CEO R.K. Arnold Leaving Company?
This came in via Zero Hedge but I can not find the source article??? Hearing rumors it was pulled off the WSJ site… From the WSJ via Zero Hedge: The chief executive of the privately-held Mortgage Electronic Registration Systems, or MERS, is planning to leave the company and an announcement could come within days, according … Read more
More Wells Fargo Woes | Full Deposition of Stanley Silva, Notice of Default Robo-Signer
JOSEPH JONES and MEISA JONES, and other similarly situated persons, Plaintiffs, vs. WELLS FARGO BANK, N .A. , NATIONAL DEFAULT SERVICING CO., STANLEY S. SILVA, and UNITED TITLE OF NEVADA, Defendants. ~ New Point of Foreclosure Contention: Default Notice Last year’s robo-signing scandals delayed tens of thousands of foreclosures in the 23 states where the … Read more
Homeowners’ Response to Banks’ Dual Track Mod/Foreclosure System
Homeowners’ response to banks’ dual track mod/foreclosure system Homeowners are rightfully disgusted with the banksters’ loan mod / foreclosure dual track system, whereby a bank will pretend to negotiate a modification, put the homeowner on a “trial period” of 3 months, then extend the trial period to about a year, and then suddenly announce that … Read more
Wells Fargo Follows GMAC’s Lead, Dimisses “Unspecified” Number of Pending Foreclosures in Maryland
Wells Fargo to Refile Some Foreclosures in Maryland By NICK TIMIRAOS Wells Fargo & Co. said on Wednesday that it has begun dismissing an unspecified number of pending foreclosures in Maryland as a result of potential flaws in its document-handling practices. The disclosure came after GMAC Mortgage Corp, a unit of Ally Financial Inc., told … Read more
MTD Granted | Rule 1.110(b) Verification of Mortgage Foreclosure Complaint Must be Included in the Complaint Itself and Not in a Seperate Document
h/t Matt Weidner PBC Bank, N.A. v Peckham MTD Granted Verification of Mortgage Foreclosure Tweet
Bloomberg Must Read | Faulty Foreclosure May Mean Massachusetts Buyer Isn’t Owner
Faulty Foreclosure May Mean Massachusetts Buyer Isn’t Owner Massachusetts’ highest court will consider whether a home buyer can rightfully own a property if the bank that sold it to him didn’t have the right to foreclose on the original owner. The state’s Supreme Judicial Court, which agreed last month to take the appeal, already ruled … Read more
NY Times | Banks Want Pieces of Fannie-Freddie Pie
Banks Want Pieces of Fannie-Freddie Pie By LOUISE STORY As the Obama administration prepares a report on the future of Fannie Mae and Freddie Mac, some of the nation’s largest banks are offering a few suggestions. Wells Fargo and some other large banks would like private companies, perhaps even themselves, to become the new housing … Read more
Why the Massachusetts Supreme Court Voided Two Foreclosures and What It Could Mean for Banks
Why the Massachusetts Supreme Court Voided Two Foreclosures and What It Could Mean for Banks by Marian Wang ProPublica, Jan. 20, 2011 When Massachusetts’ highest court ruled against U.S. Bank and Wells Fargo earlier this month and invalidated two foreclosures, the decision was hailed by some as an important precedent [1] for courts seeking to … Read more
Robo-signers, MERS, Slandered Titles and the Terror Lurking
Robo-signers, MERS, Slandered Titles and the Terror Lurking Or, How I Learned to Stop Worrying and Love the Bubble By George W. Mantor Introducing the latest pawn in the giant shell game known as “debt securitization.” Oh, it’s a labyrinthine arena in which up is down, good is bad, the lowest level of employees are … Read more
