Stop Thief! FBI Informs Family they Bought Stolen House in Murrieta
Click Through to View ~ Now how could this of possibly happened? /sarcasm FBI informs family they bought stolen house in Murrieta MURRIETA, Calif. (KABC) — A family is being told the house they thought they bought in Murrieta actually belongs to someone else. The family says they can’t stop making their mortgage payments. “Even … Read more
Jefferson County, Alabama | JP Morgan Records Largest Profit Ever, While Community Devastated by Its Predatory Lending Sheds 1,000 Workers
“Amazingly, due to the county’s financial strains, Sheriff Mike Hale will formally notify the Alabama Department of Public Safety today that sheriff’s deputies no longer will respond to traffic accidents beginning Saturday.” ~ JP Morgan Records Largest Profit Ever, While Community Devastated by Its Predatory Lending Sheds 1,000 Workers One of the many tragic stories … Read more
In Re: Arizmendi – CA Bankruptcy Court, HAMP Scam & “the court concluded it was left trying to guess which note OneWest actually held.”
UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF CALIFORNIA In Re Arizmendi This case is a HAMP case. The servicer, One West claimed a $1,1163.92 differential owed and failed to mention it had received a cure payment. The court opined that at the most the differential owed was $678.32. “To put it bluntly, the right hand does not … Read more
New Jersey | New Residential Mortgage Foreclosure Rules and Revised Form Certifications/Affidavits
New Residential Mortgage Foreclosure Rules and Revised Form Certifications/Affidavits Supreme Court of New Jersey It is ORDERED that the attached amendments to Rule 4:64-1 and 4:62-2 of the Rules Governing the courts of the State of New Jersey are to be adopted effective immediatly. It is FURTHER ORDERED with regard to residential mortgage foreclosure actions … Read more
Kansas BK Judge in RE: Campoverde to Citimortgage (Agency Relationship Fail) “We can do things the easy way or the hard way.”
“The bottom line is that we can do this the easy way, or we can do this the hard way. So far, it appears CitiMortgage has elected to do things the hard way. The Court will not hesitate to require that CitiMortgage make a witness(es) available in Topeka, Kansas for a Rule 30(b)(6) deposition(s), with … Read more
Two SWAT Teams, More than 20 Police Officers in 15 Police Cars Along with a Canine Unit and Two Fire Trucks Arrive on Scene to Evict One Man from Foreclosed Home
“More than 20 police officers were on the scene, and at least 15 police cars, both marked and unmarked, surrounded the residence and established a perimeter stretching longer than a quarter mile down Mount Pleasant Avenue in Wallington, off of which sits Azalea Drive. The SWAT officers, most of them carrying automatic weapons, the negotiators … Read more
Bank of America | Court Threatens To Throw Local Manager In Jail Over Lender’s Refusal To Demolish Vacant Foreclosure
But… “The bank does not own this property and cannot itself take any action towards demolishing it” ~ Vacant Riverdale home spurs court threats A Bank of America branch manager in Riverdale faces jail time if the banking giant continues to ignore city orders to demolish a vacant, fire-damaged home. The bank, however, says it … Read more
Deadbeat Bank | Facing Arrest, Man Cleans Up Home He Says Isn’t His
Click Through to View ~ This is for the “You don’t pay, you don’t stay crowd.” He didn’t pay so he left, now they want to put him in jail for not maintaining the home that the bank foreclosed on and locked him out of… ~ Facing Arrest, Man Cleans Up Home He Says Isn’t … Read more
You’re Fired | JPMorgan Ousts Mortgage Chief David Lowman after Illegally Foreclosing on Military Members
JPMorgan Ousts Mortgage Chief Lowman JPMorgan Chase & Co. (JPM), the second- largest U.S. bank, ousted mortgage chief David Lowman after it overcharged active-duty military personnel on loans and improperly foreclosed on other borrowers. “Dave Lowman and I have decided he will leave the firm,” Frank Bisignano, the head of home-lending, said today in an … Read more
Utah | Layton Mayor Steve Curtis Knows Firsthand About Wrongful Foreclosures
“I have seen where situations like mine have ended marriages or causes suicides,’’ Curtis says. “There is a stigma to foreclosures, and I understand that. But there needs to be more public awareness of how common this is.’’ ~ Layton Mayor Steve Curtis Knows Firsthand About Wrongful Foreclosures Layton • Mayor Steve Curtis came home … Read more
Fraudclosure | Michigan Attorney General Subpoenas (CRIMINAL) Lender Processing Services, Fidelity National Financial Inc. (FNF) and CT Corporation System in Probe
Michigan Attorney General Subpoenas Three Mortgage Processors in Probe The Michigan attorney general’s office subpoenaed three mortgage processors including Lender Processing Services as part of a state probe of robo-signing. Michigan Attorney General Bill Schuette said his office served Lender Processing, Fidelity National Financial Inc. (FNF) and CT Corporation System with investigative subpoenas as affiliates … Read more
Lender Processing Services (LPS) Names Former Florida Deputy Attorney General Joe Jacquot to Handle Government Affairs
LPS names Joe Jacquot to handle government affairs (Reuters) – Mortgage processing services provider Lender Processing Services Inc named former Florida Deputy Attorney General Joe Jacquot as its senior vice-president for government affairs. Jacquot, who served as Florida’s deputy attorney general for the last 5 years, will be responsible for analyzing and responding to pending … Read more
OCC Extends Deadline for Action Plans Under Foreclosure Practices Consent Order
Deadline Extended for Action Plans under Foreclosure Practices Consent Order WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced it had extended the timelines for submission of plans, programs, policies, and procedures and foreclosure review engagement letters required by consent orders issued on April 13 against eight large national bank residential … Read more
Ingham County May Spend $60,000 for Foreclosure Fraud Victims
Ingham County may spend $60,000 for foreclosure fraud victims First it was mortgage documents signed by people who weren’t really bank officials using names that, in most cases, weren’t their own. Then it was foreclosures initiated by a company called Mortgage Electronic Registration Systems Inc., which didn’t actually own the debt on the homes … Read more
Dodd-Frank Delays Bring ‘Temporary Relief’ for Banks
Dodd-Frank Delays Bring ‘Temporary Relief’ for Banks by Marian Wang ProPublica There are yet more delays in implementing financial reform. The Commodity Futures Trading Commission has said it needs extra time to write a set of derivatives rules required by Dodd-Frank, and others that were scheduled to go into effect automatically next month may be deferred until … Read more
Fannie Mae Offers Bonus to Realtors to Drive Sales of its Foreclosed Homes
Fannie Mae offers bonus to Realtors to drive sales of its foreclosed homes Federal mortgage backer Fannie Mae hopes to energize sales of its repossessed homes with a new $1,200 bonus to Realtors and an extension of closing cost help to homebuyers. Tuesday’s announcement came as a June 30 deadline approached for homebuyers to earn … Read more
Senators Urge OCC to Work with State Attorneys General, DOJ, and HUD to Hold Mortgage Servicers Accountable and Prevent Future Abuse
Senators Urge OCC to Work with State Attorneys General, DOJ, and HUD to Hold Mortgage Servicers Accountable and Prevent Future Abuse WASHINGTON, DC – Today, a dozen U.S. Senators sent a letter to the Office of the Comptroller of the Currency (OCC) urging the agency to work with State Attorneys General, the U.S. Department of … Read more
Bank Of America ‘Significantly Hindered’ Federal Investigation, U.S. Official Says
Bank Of America ‘Significantly Hindered’ Federal Investigation, U.S. Official Says NEW YORK — Bank of America, the largest U.S. bank by assets, “significantly hindered” a federal investigation into the firm’s faulty foreclosure practices on potentially billions of dollars worth of taxpayer-backed loans, a federal auditor told an Arizona court. The bank withheld key documents and … Read more
