Southern Essex Registry of Deeds Audit Reveals That 75% of Assignments of Mortgage Are Invalid; O’Brien Says Banks Responsible for an Epidemic of Fraud

NEWS FOR IMMEDIATE RELEASE Salem, MA June 29th, 2011 Contact: Kevin Harvey, 1st Assistant Register 978-542-1724 kevin.harvey@sec.state.ma.us Marie McDonnell, President, McDonnell Property Analytics, Inc. 508-694-6866 marie@mcdonnellanalytics.com Southern Essex Registry of Deeds Audit Reveals That 75% of Assignments of Mortgage Are Invalid; O’Brien Says Banks Responsible for an Epidemic of Fraud.  Once again urges Attorney’s General … Read more

OCC Issues Guidance Regarding Foreclosures By Banks | Servicers “Must ensure compliance with foreclosure laws”

Subject: Foreclosure Management Date: June 30, 2011 To: Chief Executive Officers of All National Banks, Department and Division Heads, and All Examining Personnel Description: Supervisory Guidance Purpose The Office of the Comptroller of the Currency (OCC) is issuing guidance to communicate the OCC’s expectations for the oversight and management of mortgage foreclosure activities by national … Read more

FREDDIE and FANNIE Loans are Clearly COMPROMISED, Many Likely Sold MULTIPLE Times

Fannie Mae Silence on Taylor Bean Mortgages Opened Way to $3 Billion Fraud Some excerpts from the report… The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else. Fannie … Read more

KABOOM | Oregon Judge Voids Foreclosure Sale, Casting Doubt on Others

Oregon judge voids foreclosure sale, casting doubt on others A Columbia County judge has blocked U.S. Bank from evicting a Vernonia woman whose home it purchased in foreclosure, concluding in a case with far-reaching implications that her lenders had not properly recorded mortgage documents. Last week’s action appears to be the first in which an … Read more

POPULAR’s 2011 mid-year “Restore Integrity Award” Goes to Black Star News, Inc. for its indepth investigation of the death of former New York resident Sunny Sheu, “Foe of Judicial Corruption”

Crown Point, IN (PRWEB) June 30, 2011 “We have made our 2011 midyear integrity awards,” announced George Stokes, Sr., Advisory Board President for the grassroots legal reform organization known as POPULAR, “Power Over Poverty Under Laws of America Restored.” According to its website, POPULAR is an association of public interest attorneys and Juris Doctors advised … Read more

UPDATED | William Galison Author of Article on the Murder of Sunny Sheu Assaulted and Threatened by Undercover Cop

Sunny Sheu Killed After Reporting Death Threat from Foreclosure Judge Joseph Golia “Since his death last summer, associates of Sun Ming Sheu, an activist fighting alleged judicial corruption in New York, remain convinced that he was murdered and that police aren’t aggressively investigating his death because of a coverup.” ~ This just in from William … Read more

Anonymous | A99 #OpESR RICO Class Action Lawsuit Against the Federal Reserve

A99 #OpESR RICO Class Action Lawsuit Against the Federal Reserve   “Hello American People, This is a message from Anonymous to you. We cordially invite any and all, Anonymous and non-anons, to join OpESR in demanding Federal Reserve accountability. We are crafting a class action lawsuit against the Fed. Can you provide legal and research … Read more

4,084,557 | LPS Mortgage Monitor Report Shows Loans 90+ Days Delinquent and in Foreclosure Outnumber Foreclosure Sales 50:1

LPS Mortgage Monitor Report Shows Loans 90+ Days Delinquent and in Foreclosure Outnumber Foreclosure Sales 50:1 JACKSONVILLE, Fla., June 29, 2011 /PRNewswire/ — The May Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows that the number of mortgages that are 90 or more days delinquent, combined with the foreclosure inventory at … Read more

Scalia Sets Standard for Massive Mortgage Fraud Class Action Law Suit

Scalia Sets Standard for Massive Mortgage Fraud Class Action Law Suit by Michael Collins There hasn’t been much in the way of justice for the average citizen for quite a while. Often, those accused of crimes cannot afford adequate representation and are subject to “let’s make a deal justice.” If you’re unfortunate enough to be … Read more

$8.5 Billion | Bank of America Announces Agreement on Legacy Countrywide Mortgage Repurchase and Servicing Claims

Now that the investors are paid off, how much relief do you get on your loan? ~ Bank of America Announces Agreement on Legacy Countrywide Mortgage Repurchase and Servicing Claims Agreement Covers Nearly All Legacy Countrywide-Issued First-Lien Private-Label RMBS Exposure, Represents 530 Trusts With Original Principal Balance of $424 Billion Bank of America and Countrywide … Read more

“Stunned” | AG Eric Schneiderman Opposes Fraudclosure Deal

AG Eric Schneiderman opposes foreclosure deal New York Attorney General Eric Schneiderman expects to lead opposition to what he called a “quick, cheap settlement” of a 50-state investigation into foreclosure practices. Schneiderman put the monetary settlement being discussed with the largest U.S. mortgage servicers at $20 billion to $25 billion and said he will take … Read more

Mark Stopa | Tampa Judges Eschewing Hearings in Foreclosure Cases

Tampa Judges Eschewing Hearings in Foreclosure Cases We all know that the senior judges are on their way out in Florida.  In counties like Hillsborough, where a handful of senior judges have been handling all residential foreclosure hearings for more than a year, this is a big transformation.  Suddenly, thousands of foreclosure cases are being transferred back … Read more