HAMP | Making Home Affordable Program Performance Report Through April 2011

 Making Home Affordable Program Performance Report Through April 2011 Here is the report that was mentioned in the earlier post HAMP | Federal Payments Halted to Bank of America, J.P. Morgan Chase and Wells Fargo for Failing to Meet Basic Program Requirements. Wells Fargo is already formally disputing the withdrawn HAMP fees and are very upset … Read more

Fannie Mae Updates Fraudclosure Time Frames Nationwide – FL Up from 185 Days to 450 Days

Announcement SVC-2011-07 June 6, 2011 Updates to Foreclosure Time Frames and Imposition of Compensatory Fees Introduction On April 28, 2011, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to establish consistent mortgage loan servicing and delinquency management requirements. Consistent with the directive, this Announcement communicates to Fannie Mae servicers clear and … Read more

KABOOM | HENDRICKS v. U.S. BANK, BofA – MI Court Destroys MERS Finds “MERS Transferred Nothing” with Bonus Securitization FAIL

“Failure to strictly comply with the terms of the PSA means that the loan at issue was never properly transferred to the trust” ~ Not only did the Honorable Archie C. Brown destroy MERS, he discusses the PSA and securitzation failures in great detail… From the ruling… JAMES HENDRICKS, et al., Plaintiffs, v US BANK NATIONAL … Read more

HAMP | Federal Payments Halted to Bank of America, J.P. Morgan Chase and Wells Fargo for Failing to Meet Basic Program Requirements

Federal payments halted to 3 mortgage servicers Three of the nation’s largest mortgage servicers will no longer receive payments tied to their participation in the Obama administration’s main foreclosure prevention initiative until they improve their performance in that program, a senior administration official said Wednesday. Bank of America, J.P. Morgan Chase and Wells Fargo need … Read more

INSIDE JOB | Fraudclosure Movie Night TONIGHT at 6:30PM EDT Hosted by 4closureFraud.org & ForeclosureHamlet.org

Inside Job Oscar Winner Acceptance Speech “Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that’s wrong.” ~ Hello all. This month we decided to have a movie night instead of our normal happy … Read more