An Adam Levitin Must Read | The Servicing Fraud Settlement: the Real Game

  The Servicing Fraud Settlement: the Real Game posted by Adam Levitin Warning: This is a long blog post. But if you follow mortgage servicing, I think you’ll find it worth reading. Despite lots and lots of media coverage of the servicing fraud settlement, nobody seems to understand the real story that’s going on. I … Read more

PBC Chief Judge Peter Blanc Responds to Lisa Epstein RE The Courts Belong to the People

In response to Fraudclosure | Open Letter to PBC Chief Judge Peter Blanc RE The Courts Belong to the People of Florida. ~ Response to Lisa Epstein RE The Courts Belong to the People ~ 4closureFraud.org

Going Out with a Bang | FDIC’s Bair: Millions of Foreclosures Could Be ‘Infected’

  From the WSJ… FDIC’s Bair: Millions of Foreclosures Could Be ‘Infected’ The head of the Federal Deposit Insurance Corp. is warning that flaws may have “infected millions of foreclosures” and questioned whether other regulators’ inquiries into problems at the nation’s mortgage-servicing companies have been thorough enough. “We do not yet really know the full … Read more

Lender Processing Services | Judge Declines to Sanction Attorney Nick Wooten in LPS Fee-splitting Cases

According to Housingwire… An Alabama circuit court judge denied a motion Wednesday from Lender Processing Services for sanctions against attorney Nick Wooten and also declined to seal a transcript and default services agreement at the heart of Wooten’s cases. LPS alleged in April that Wooten, who is suing LPS in several cases on behalf of … Read more

Matt Tiabbi | The People vs. Goldman Sachs

  The People vs. Goldman Sachs A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went … Read more

Watch out, Whistleblowers: Congress and Courts Move to Curtail Leaks

Watch out, Whistleblowers: Congress and Courts Move to Curtail Leaks by Marian Wang ProPublica House Republicans introduced legislation yesterday targeting the already-delayed whistleblower rule [1] in the Dodd-Frank financial reform law. The proposed change would require corporate whistleblowers to report problems internally before going to financial regulators. The move, is backed by the U.S. Chamber of … Read more

Arizona | Rep Carl Seel’s $100,000 Principle Reduction Questioned

“So you didn’t use your position as a state representative to modify your home loan?” Erwin asked.”None whatsoever. There’s no connection whatsoever, and if need be I’ll swear in court to that,” Seel said. ~ State Rep.’s Mortgage Reduction Questioned Backer Says Rep. Carl Seel Canned Legislation After Getting His Loan Modified PHOENIX — An … Read more

You’re FIRED! | Erin Collins Cullaro, Pam Bondi’s Assistant Attorney Gerneral FIRED for “Moonlighting” at Foreclosure Mill, Florida Default Law Group

“The best way to stop an investigation is to become one of the investigators” 4closureFraud 2010 ~ It’s about damn time… Been sitting on this one for a few weeks. Was waiting until someone in the media picked it up… We knew something was up from the search traffic on Cullaro from various media outlets … Read more