The Homeowner’s Bottom Line | Baseline for a Strong Settlement Against the Big Bankers
The Homeowner’s Bottom Line | Baseline for a Strong Settlement Against the Big Bankers The 50 state Attorneys General are currently investigating the big banks’ mortgage fraud activities that caused millions of us to lose our homes as well as the economic collapse of our communities and country. We know that the big bankers and … Read more
Angry Demonstrators Storm Wisconsin’s State Capitol in Massive Protest, Plus Florida Rally in Tally March 9th 2011
Although the story below about Wisconsin has nothing to do with foreclosures, it is a great segue to introduce our next Rally in Tally II on March 9th 2011. Details below. But first… Angry Demonstrations in Wisconsin as Cuts Loom Narayan Mahon for The New York Times Angry public workers, facing cuts, crowded into … Read more
Facing Foreclosure Without Missing A Payment: One Couple’s Housing Nightmare
Facing Foreclosure Without Missing A Payment: One Couple’s Housing Nightmare For the past 30 days, Kendra and Todd Parker have been trying to figure out what to tell their four children, fearing that they, like millions of other Americans facing foreclosure, could be tossed out of their home. But unlike the vast majority of homeowners … Read more
Despite Finding Big Problems in Mortgage Industry, Regulators’ Punishment Unclear
Despite Finding Big Problems in Mortgage Industry, Regulators’ Punishment Unclear by Paul Kiel ProPublica, Feb. 17 Federal regulators say they’re going to crack down after finding “critical deficiencies [1]” with how banks and mortgage servicers have been handling struggling homeowners. But it’s an open question just what form a punishment will take, with one regulator … Read more
Association of Mortgage Investors (AMI) | “Any truly viable solution must address the defective mortgage loans”
Question: How did they defraud the investors without defrauding the borrowers? ~ For immediate release Contact: 202-327-8100 Wednesday, February 16, 2011 AMI Commends the Administration GSE Reform White Paper as a Good Start; Private Capital Will Not Return to the Market without Transparency Washington, D.C. – The Association of Mortgage Investors (AMI) publicly commends the … Read more
MERS Paper & Affidavit Highlighting Issues with MERS & Foreclosure Mills
MERS Paper & Affidavit Highlighting Issues with MERS & Foreclosure Mills Dear Friends, Fellow Colleagues, & MERS’ Victims, The recent week’s events concerning MERS continue to provide me great delight and satisfaction. Vindication, after all these years, helps soothe the many wounds inflicted upon me and others by MERS and their Conhorts. It’s lovely to … Read more
OCC’s John Walsh Attempts Whitewash of Servicer Abuse
OCC’s John Walsh Attempts Whitewash of Servicer Abuse By: David Dayen In a Senate Banking Committee hearing just now, Acting OCC head John Walsh gave an update on the investigation into servicer practices, which was the subject of several news reports today. Here, in essence, was what he said: • “Federal banking agencies have concluded … Read more
“Friends of Angelo” | Chairman Issa Issues Subpoena for All Countrywide VIP Docs
Chairman Issa Issues Subpoena for All Countrywide VIP Docs WASHINGTON. D.C. – In December of 2008, House Committee on Oversight and Government Reform Chairman Darrell Issa (R-CA), then the Committee’s Ranking Member, launched an investigation into Countrywide Financial Corporation’s infamous VIP and Friends of Angelo Program that exposed the inner workings of Countrywide’s efforts to … Read more
LIVE | FORECLOSURE FRAUD TO BE DISCUSSED THURSDAY US SENATE BANKING COMMITTEE HEARING 10a-1p EST
Oversight of Dodd-Frank Implementation: A Progress Report by the Regulators at the Half-Year Mark Click Here to Watch this hearing live! Thursday, February 17, 2011 10:00 AM – 01:00 PM 538 Dirksen Senate Office Building The witnesses will be: The Honorable Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System; The Honorable … Read more
Foreclosure Fee Lawsuit | “Kahane Associates’ Tactics Violate the Florida Consumer Protection and Unfair Collection Laws, Firm Continues to Use False Representations to Collect Money”
North Port pair fights fees in foreclosure skirmish By Todd Ruger SARASOTA COUNTY – A North Port couple says a Florida law firm charged them unwarranted and excessive fees as they tried to save their home from foreclosure, and their attorneys believe the firm did it to hundreds of other troubled homeowners, too. Last week, … Read more
MERS Throws In the Towel – Prohibits Foreclosures In Its Name to “Strengthen Business Practices”
2/16/2011 Foreclosure Processing and Enhanced Certifying Officer Process MERS will shortly announce a proposed amendment to Membership Rule 8 requiring Members to not foreclose in MERS’ name. Additionally, all MERS Certifying Officers must be tested and appointed under our enhanced certifying officer process. SOURCE: MERS Full announcement below… ~ 4closureFraud.org ~ MERS Announcement 2011-01 Tweet
PB Post: Illegal Auctions Continue | Foreclosed Homes Still Selling at Palm Beach County Auction Without Representation
Remember last summer when Chief Judge Blanc defined the role of the court not as adjudicating cases based on law but “… to clear the foreclosure cases so that vacant and dilapidated homes can go back on the market, presumably increasing neighborhood property values.” ? Let’s see how he’s doing in his self-appointed REO management … Read more
