Action Alert | Hawaii Legislators Wimped Out! Banks Got ‘Em.

Posted by 4closureFraud on March 25, 2011 · 6 Comments 

Hawaii Legislators Wimped Out! Banks Got ‘Em. ALERT:  VERY HIGH PRIORITY – make phone calls every day!!! Send faxes & emails. The Hawaii Legislature gutted the old bill HB 651 and REMOVED the MORATORIUM because the banks lobbied them hard…these are the folks you need to target your calls to in addition to the Finance … 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

Marshall C. Watson | Florida Attorney General Pam Bondi Settles Investigation Against One of Florida’s Largest Foreclosure Firms

Posted by 4closureFraud on March 25, 2011 · 60 Comments 

Florida Attorney General Pam Bondi Settles Investigation Against One of Florida’s Largest Foreclosure Firms NEWS RELEASE For Immediate Release March 25, 2011 Contact: Jenn Meale Phone: 850.245.0150 jennifer.meale@myfloridalegal.com Florida Attorney General Pam Bondi Settles Investigation Against One of Florida’s Largest Foreclosure Firms TALLAHASSEE, FL – Today Florida Attorney General Pam Bondi  announced a first-of-its-kind settlement … 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

Thank Attorney General Schneiderman for Standing Up for the Victims of Wall St. Crooks

Posted by 4closureFraud on March 25, 2011 · 33 Comments 

Thank Attorney General Schneiderman for standing up for the victims of Wall St. crooks. There are strong reasons to believe that major players in the mortgage industry illegally cheated millions of people. But the Obama administration and federal banking regulators are pushing state attorneys general to accept a settlement with the major mortgage firms that … 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

Fix or Evict? Families Facing Eviction Outnumber those Who Received a Loan Modification By 12 to 1

Posted by 4closureFraud on March 25, 2011 · 6 Comments 

Banks’ Foreclosure Bias Hurts Investors New research by the Center for Responsible Lending finds that banks and other loan servicers often foreclose when investors have more to gain from a loan modification. The study—“Fix or Evict? Loan Modifications Return More Value than Foreclosures”—also finds that the industry’s poor track record on loan modifications can’t be … Read more

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

Reuters | Analysis: Doubts Raised on OCC Foreclosure Estimate

Posted by 4closureFraud on March 25, 2011 · 6 Comments 

Analysis: Doubts raised on OCC foreclosure estimate (Reuters) – A Reuters analysis raises doubts about a widely cited statement by U.S. Comptroller of the Currency John Walsh that only a “small number” of wrongful foreclosure sales have occurred despite widespread misdeeds by banks that are the leading mortgage loan servicers. In a February appearance before … 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

Dylan Ratigan | Collective Bargaining for Homeowners: Heroism or Terrorism? My Exclusive Interview with Stephen Lerner

Posted by 4closureFraud on March 25, 2011 · 19 Comments 

Collective Bargaining for Homeowners: Heroism or Terrorism? My Exclusive Interview with Stephen Lerner Episode #47 – Steven Lerner, former director of the SEIU’s banking and finance campaign. Founder of WheresTheNote.com and Janitors for Justice Last night, I interviewed the man at the center of a new swirling controversy. Stephen Lerner, a veteran union organizer, wants … Read more

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

Why Is Glenn Beck After The SEIU?

Posted by 4closureFraud on March 25, 2011 · 61 Comments 

The Market Ticker – Why Is Glenn Beck After The SEIU? The story began here: Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.  This destabilization and turmoil, … 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 | Bogus Letter Tells Man with Refinanced Mortgage to Pay Balance

Posted by 4closureFraud on March 25, 2011 · 3 Comments 

Bogus letter tells man with refinanced mortgage to pay balance TAMPA – Two weeks before Glen Ables’ new, modified mortgage payment was to go into effect, a mysterious letter arrived in the mail. It threatened to derail the plan to save his house from foreclosure. That letter, from a Tampa lawyer, said he and his … 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

Obama Administration Scales Back Proposed Homeowner Relief Effort Over Alleged Foreclosure Abuses

Posted by 4closureFraud on March 25, 2011 · 6 Comments 

Obama Administration Scales Back Proposed Homeowner Relief Effort Over Alleged Foreclosure Abuses The Obama administration has significantly diminished a proposed homeowner relief program that initially aimed to force the nation’s five largest mortgage companies to reduce monthly payments for three million distressed homeowners, according to documents and people involved in the discussions. The administration has … 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

Fannie Report Warned of Foreclosure Problems in 2006

Posted by 4closureFraud on March 25, 2011 · 1 Comment 

Fannie Report Warned of Foreclosure Problems in 2006 Fannie Mae was warned in a 2006 internal report of abuses in the way lenders and their law firms handled foreclosures, long before regulators launched investigations into the mortgage industry’s practices. The report said foreclosure attorneys in Florida had “routinely made” false statements in court in an … 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

Freddie Mac Sued by Attorney David Stern Over $1.3 million

Posted by 4closureFraud on March 25, 2011 · 4 Comments 

Here we go again… From the DBR. Freddie Mac sued by attorney David Stern over $1.3 million The Federal Home Loan Mortgage Corp. was sued by Florida attorney David Stern, who claims he is owed $1.3 million for legal services, according to a complaint filed today. The government-run mortgage company breached its contract with Stern’s … Read more

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

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