Ally’s (GMAC) New Campaign Replaces Commercials That Showed Bankers as Cheaters

You can put lipstick on a pig, but it’s still a pig… In light of the earlier post on Gmac / Ally to Evict Family Weeks After Their 6 Year Old Dies of Heart Failure, I thought I would repost some of their commercials from their new image campaign from last fall… Ally’s New Campaign Replaces … Read more

Gmac / Ally to Evict Family Weeks After Their 6 Year Old Dies of Heart Failure

“How do you hate a lawnmower? How do you hate a machine? A machine is just what it is,” Michael added. “This bank is an impersonal organization and they do what they do. They make money without regard for human life.” ~ Young Vallejo family loses a daughter and likely their home Lender rejects Rep. … Read more

Goldman Braces for Federal Subpoenas, Expects a Demand for Mortgage Documents

Goldman Braces for Federal Subpoenas Bank Expects a Demand for Mortgage Documents; Move Would Follow Senate Subcommittee’s Report Goldman Sachs Group Inc. executives expect to receive subpoenas soon from U.S. prosecutors seeking more information about the securities firm’s mortgage-related business, according to people familiar with the situation. Officials at the New York company believe the … Read more

Foxes Guarding the Hen House | Analysis: Bank-Picked Experts Take On U.S. Fraudclosure Reviews

This should provide some real results… ~ Analysis: Bank-picked experts take on U.S. foreclosure reviews WASHINGTON, May 19 (Reuters) – U.S. regulators are pinning their hopes on independent consultants picked by large U.S. banks to uncover the true depth of foreclosure misconduct seen at lenders. Regulators are close to signing off on these consultants, which … Read more

NY Times | Refusing to Give in to Eviction, Tanya Dennis Hired a Locksmith and Broke Back Into Her Home

Refusing to Give in to Eviction On Jan. 19, 63-year-old Tanya Dennis hired a locksmith and broke into her South Berkeley home. A former vice principal of Oakland’s Castlemont High School, Ms. Dennis said she wanted to resume living in her home of 27 years after foreclosure nine months earlier and eviction by Alameda County … Read more

Foreclosure Fraud | A HuffPost Scoop, Overlooked By the Mainstream Press

  A HuffPost Scoop, Overlooked By the Mainstream Press Shahien Nasiripour scored a foreclosure-fraud scandal scoop for The Huffington Post on Monday, reporting that audits of the mortgage industry conducted by HUD’s inspector general found five giant banks—Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial—defrauded taxpayers and violated the False Claims Act. … Read more

Video | Matt Taibbi on Eliot Spitzer’s “They Got Away With It” Segment, Banks Could End Up Out of Business

CNN – In our “They Got Away With It” segment, Rolling Stone’s Matt Taibbi and mortgage finance analyst Joshua Rosner discuss a new probe of three major banks for their alleged role in the mortgage crisis. ~ 4closureFraud.org

Radio Show Saturday from 8 -10 am EDT with 4closureFraud.org and ForeclosureHamlet.org

We will be hosting our radio show tomorrow on WDJA 1420 from 8-10 am EDT. We are going to have some interesting updates and discuss topics emerging from the foreclosure/financial crisis. So tune in if you are local in West Palm Beach or join us on the web at http://www.jammin1420.com/ and click on the listen … Read more