I’m Short Your LPS | $24.81 – Lender Processing Services Stock Hits New 52-Week Low
Lender Processing Services (NYSE:LPS) hit a new 52-week low Tuesday at $24.81, as it is currently trading at $25.34, below its previous 52-week high of $35 with 531,761 shares traded as of 10:41 a.m. ET. Average volume has been 973,900 shares over the past 30 days. Just breaks your heart, doesn’t it… NOT! ~ 4closureFraud.org … Read more
TransUnion Study – Life After Foreclosure | Mortgage-Only Defaulters are NOT Deadbeats
Life After Foreclosure Study: Mortgage-Only Defaulters Not as Risky as Expected — Says TransUnion Study Also Finds Persons Failing to Pay Mortgage May Not Have Had Excess Liquidity “There appears to be a pocket of opportunity among mortgage-only defaulters that is not the result of excess liquidity, but rather the unique circumstances of the recent … Read more
Road Trip | Clergy, Religious Leaders Call Out AG Bondi for Siding with Wall Street, Opposing Strong Foreclosure Fraud Settlement
On Thursday, May 26, over 50 clergy, faith leaders, and homeowners from 6 counties across Florida will travel to Tallahassee to hold a prayer vigil outside of Attorney General Pam Bondi’s office to urge her to stop siding with the Wall Street banks and drop her opposition to a strong settlement to the foreclosure fraud … Read more
Cheat Sheet on Bank Investigations and the Probes That Have Petered Out
Cheat Sheet on Bank Investigations and the Probes That Have Petered Out by Marian Wang ProPublica As we and many others have noted, no top banking executives [1] have been successfully prosecuted [2] in connection with the financial crisis: Not for making the bad loans [3] that fed the mortgage machine, not for lying about … Read more
E-Signatures | Robo-Signing Continues On Key Land Records In North Carolina
“If you’ve got someone who has gone out and forged a bunch of signatures on checks, and then they turn around and come back and say they’re just signing for themselves now, are you going to accept an electronic signature from them on thousands of checks?” ~ Robo-Signing Continues On Key Land Records In North … Read more
AZ Appeals Court | Cypress On Sunland Homeowners Association v. Orlandini, Foreclosure Judgment Vacated – Law Firm “Harmed The Integrity Of The Judicial Process & The Administration Of Justice”
CYPRESS ON SUNLAND HOMEOWNERS ASSOCIATION v. ORLANDINI CYPRESS ON SUNLAND HOMEOWNERS ASSOCIATION, a non-profit corporation; SCOTT JACOBY, an individual, Plaintiffs-Appellees, v. JAMES V. ORLANDINI, II; FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, Intervenors-Appellants. CYPRESS ON SUNLAND HOMEOWNERS ASSOCIATION, Plaintiff-Appellee, v. JAMES V. ORLANDINI, II; FIRST AMERICAN TITLE INSURANCE COMPANY, a California corporation, Intervenors-Appellants. … Read more
Ohio | Attorney General DeWine and Ohio Department of Commerce Announce Settlement with Carrington Mortgage Services
Attorney General DeWine and Ohio Department of Commerce Announce Settlement with Carrington Mortgage Services 5/20/2011 (COLUMBUS, Ohio) – Ohio Attorney General Mike DeWine and Ohio Department of Commerce Director David Goodman today announced an assurance of voluntary compliance (AVC) with Carrington Mortgage Services, LLC to resolve a 2009 lawsuit and to provide relief to Ohio … Read more
Hawaii | New Court Rules to Convert Non-Judicial Foreclosures to Judicial Foreclosures
New Court Rules to Convert Non-Judicial Foreclosures to Judicial Foreclosures Non-Judicial Foreclosure Auctions Prohibited on Court Property In accordance with Act 48, which became effective May 5, 2011, the Hawaii Supreme Court today issued temporary rules establishing a process by which an owner-occupant of a residential property subject to a non-judicial foreclosure may convert the … Read more
Ohio Court of Appeals | Deutsche Bank National Trust Company v. Hansen – Court Erred in Admitting Screen Shot as Evidence of Amount Due for Purposes of Granting Summary Judgment
Court erred in admitting screen shot as evidence of amount due for purposes of granting summary judgment; rule 803(6) of the ohio rules of evidence, business records hearsay exception, construed In Deutsche Bank National Trust Company v. Hansen, 2011 WL 899625 (Ohio App. 5 Dist., 2011), borrowers defending a foreclosure action successfully challenged whether a … Read more
Provest Sewer Service | Deceased Homeowner Served with Foreclosure Papers
Deceased Homeowner Served with Foreclosure Papers Some homeowners trying to defend themselves against foreclosure have said the lender didn’t properly serve them. And in one recent case, the homeowner wasn’t properly served because he was dead, Sunrise lawyer Andrew Dinnerstein said. Dinnerstein, who’s representing the family of the deceased, said in court papers that a … Read more
CA Attorney General Kamala D. Harris Announces Creation of Mortgage Fraud Strike Force to Protect Homeowners
Press Release May 23, 2011 For Immediate Release Contact: (415) 703-5837 Attorney General Kamala D. Harris Announces Creation of Mortgage Fraud Strike Force to Protect Homeowners LOS ANGELES – Attorney General Kamala D. Harris today announced the creation of the California Attorney General’s Mortgage Fraud Strike Force, staffed by Department of Justice attorneys and investigators … Read more
Bloomberg | Prosecutors Faulted on Failure to Charge ‘Bandits’ in U.S. Market Collapse
Prosecutors Faulted on Failure to Charge ‘Bandits’ in U.S. Market Collapse In November 2009, Attorney General Eric Holder vowed before television cameras to prosecute those responsible for the market collapse a year earlier, saying the U.S. would be “relentless” in pursuing corporate criminals. In the 18 months since, no senior Wall Street executive has … Read more
MERS FAIL | Mortgage Electronic Registration Systems, Inc v. Tammy Church
UNITED STATES COURT OF APPEALS FOR THE SIXTH CIRCUIT MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., as nominee for InterBay Funding, LLC, Plaintiff-Appellant, v. TAMMY CHURCH; CHARLES O. DAVIS, Defendants, and UNITED STATES OF AMERICA, Defendant-Appellee. ~ SUTTON, Circuit Judge. It sometimes pays to check a map. The mortgage lender in this case did not, and as … Read more
