Bank Errors Continue to Cause Wrongful Foreclosures
Bank Errors Continue to Cause Wrongful Foreclosures by Paul Kiel ProPublica Four years into the foreclosure crisis, banks say they’ve made major improvements in how they handle struggling homeowners. They’ve promised, for example, not to foreclose on homeowners who are being considered for mortgage modifications. But that’s still happening. Consider the cases of Laurie Pinkerton … Read more
False Statements | Bank of America, Bank of New York Mellon, CoreLogic, CWABS, CWALT, MERS
False Statements Bank of America Bank of New York Mellon CoreLogic CWABS CWALT MERS Action Date: June 27, 2011 Location: Simi Valley, CA Who are Bank of America’s newest robo-signers? For several years, BOA turned to its subsidiary, BAC Home Loans Servicing, in Collin County, Texas, whenever mortgage assignments were needed in foreclosures. This office, … Read more
Speech by SEC Chairman Mary L. Schapiro: Remarks Before the American Securitization Forum 2011 Annual Meeting
“One of the root causes of the mortgage crisis was that many originators were not accountable for the loans they made, loosening underwriting standards and passing off the entire credit risk to investors through securitization.“ ~ Speech by SEC Chairman: Remarks Before the American Securitization Forum 2011 Annual Meeting by Chairman Mary L. Schapiro U.S. … Read more
Illinois Fines PHH Mortgage Corp $290,000 in Foreclosure Fraud Document Probe
Illinois has been on a role here the last couple of days… Illinois fines first company in foreclosure document probe Department of Financial and Professional Regulation finds evidence of ‘negligence or incompetence’ by New Jersey-based PHH Mortgage The state of Illinois said it found evidence of “negligence or incompetence” in PHH Mortgage Corp.’s foreclosure procedures and levied … Read more
Fraudclosure Class Action Complaint | STACY HILL v. FISHER AND SHAPIRO, LLC
STACY HILL, individually and on behalf of all others similarly situated, Plaintiff, v. FISHER AND SHAPIRO, LLC and DOES 1-20, Defendants. Some excerpts from the complaint… INTRODUCTION Plaintiff seeks relief for herself and other home loan borrowers who are victims of false, deceptive and unfair foreclosure litigation tactics employed by the law firm of Fisher … Read more
KABOOM | “Fraudulent Conspiracy” Michigan Counties, Oakland and Ingham, File Unprecedented Foreclosure Fraud Suits Against Fannie and Freddie
Michigan counties file unprecedented foreclosure fraud suits Counties, states may have lost tens of millions Two Michigan counties, Oakland and Ingham, are suing some of the biggest players in the mortgage industry for what one official called a “fraudulent conspiracy” to avoid paying state and county property transfer taxes. Oakland County Treasurer Andy Meisner is … Read more
FL 4th DCA | Valencia v. Deutsche – Summary Judgment Reversed
This is another conditions precedent case. In this case, the foreclosing entity could not locate the default letter and instead produced 2 possible letters that could have been sent. The borrowers located the default letter after the summary judgment was entered but the date on that letter differed from the dates on the 2 possible … Read more
Marshall Watson Multi Million Dollar Settlement with Bondi’s Office to Pay for Legal Aid Defense Against Marshall Watson Fraudclosures
From the Florida Bar… Florida Attorney General Pam Bondi has secured from the settlement of a legal action a $1 million donation to The Florida Bar Foundation for the Florida Attorney General Mortgage Foreclosure Defense Funding Grant Program. The funds will be distributed through the Foundation in the form of grants awarded to local legal … Read more
New Bottom Line | Handcuff Cookies and Chicago Foreclosure Report Greet National Meeting of States’ Attorneys General
Handcuff cookies and Chicago foreclosure report greet national meeting of states’ Attorneys General New Bottom Line members meet with lead AG’s investigating foreclosure fraud by big banks Forty homeowners and clergy members traveled across the country on Tuesday to Chicago’s Drake Hotel to welcome and urge the nation’s states’ Attorneys General to stand firm for a … Read more
Fraudclosure | Fisher & Shapiro Sued for Falsifying Affidavits in Support of Foreclosure
Fisher & Shapiro Sued for Falsifying Affidavits in Support of Foreclosure Today, my firm, in cooperation with Progressive Law Group, filed a class-action lawsuit against Fisher & Shapiro. The lawsuit is pending in the Federal District Court for the Nothern District of Illinois, Eastern Division. Fisher & Shapiro is the law firm that previously admitted … Read more
Cook County IL Recorder of Deeds Eugene “Gene” Moore Facing Foreclosure
Personal financial woes on file for Cook County recorder The Cook County politician in charge of keeping records of federal income tax liens and mortgage foreclosure notifications now finds himself slapped with both. Recorder of Deeds Eugene “Gene” Moore faces a lien for nearly $78,000 in unpaid income taxes. And a bank is seeking to … Read more
Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgage-Backed Securities
Morgan Keegan to Pay $200 Million to Settle Fraud Charges Related to Subprime Mortgage-Backed Securities FOR IMMEDIATE RELEASE 2011-132 Washington, D.C., June 22, 2011 – The Securities and Exchange Commission, state regulators, and the Financial Industry Regulatory Authority (FINRA) announced today that Morgan Keegan & Company and Morgan Asset Management have agreed to pay $200 … Read more
www.MyStolenHome.com “I Did everything right and I got rewarded with a stolen house.”
www.mystolenhome.com We want to thank everyone for reaching out with support about our “situation”. Please follow us on the web at www.mystolenhome.com. From there we have FaceBook link that allows you to follow us on FB as well. Thanks again! The Zaharis received disturbing news just months after buying their Murrieta home. The home may … Read more
Mortgage Servicers Threatened With Litigation by U.S. States If Talks Fail
Mortgage Servicers Threatened With Litigation by U.S. States If Talks Fail The five largest U.S. mortgage servicers negotiating with state attorneys general over foreclosure practices would be sued if a settlement isn’t reached, two of the state officials leading the talks said. Illinois Attorney General Lisa Madigan and North Carolina Attorney General Roy Cooper threatened … Read more
Update | Thigpen Failed to Meet With President, Economic Advisers on WH Visit
Thigpen Failed to Meet With President, Economic Advisers on WH Visit “It was a bust.” That’s what Guilford County register of deeds Jeff Thigpen told me about his visit to the White House last Friday. Many were intrigued by the surprise announcement that Thigpen would be part of a reception and policy briefing some … Read more
Gregory Bryl, Esq | IN NON-JUDICIAL STATES, MERS HOLDS AND OWNS NOTHING
IN NON-JUDICIAL STATES, MERS HOLDS AND OWNS NOTHING Without going into detail about the fiction of splitting title and about each type of title, suffice it to say that there can be no more than one “legal title” to a single piece of property. What that means is that when the homeowner as grantor (while … Read more
IBEW LOCAL 90 PENSION FUND vs. DEUTSCHE BANK | Robbins Geller Rudman & Dowd LLP Announces Class Action Suit Against Deutsche Bank AG
Just a FYI. Robbins Geller Rudman & Dowd LLP Announces Class Action Suit Against Deutsche Bank AG SAN DIEGO–(BUSINESS WIRE)–Robbins Geller Rudman & Dowd LLP (“Robbins Geller”) (http://www.rgrdlaw.com/cases/deutschebank/) today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Southern District of New … Read more
So, it has come to this… Man Robs Bank to Get Medical Care in Jail
“Study this face carefully, and then go look in the mirror. This is the face of the “new reality” in America. The American public has been sold out by the powers that be, and we will all pay the price sooner or later. Our tax dollars are going toward financing corporate greed and corrupt politicians, … Read more
NY Times | Agency Failed to Refer Complaints About Freddie and Fannie (Report)
“It is stunning that the conservator of Fannie Mae and Freddie Mac, which have received $150 billion in a taxpayer-funded bailout, had just two people receiving and processing customer complaints” ~ Oversight Group Did Not Refer Housing Complaints The federal agency overseeing Fannie Mae and Freddie Mac, the taxpayer-owned mortgage finance giants, failed to refer … Read more
NATIONAL CREDIT UNION ADMINISTRATION BOARD v J.P. MORGAN SECURITIES LLC., & ROYAL BANK OF SCOTLAND
The Market Ticker – The NCUA Has Had Enough They’re suing (it’s about time, incidentally) Federal regulators accused J.P. Morgan Chase & Co. and Royal Bank of Scotland Group PLC of duping five large credit unions into buying more than $3 billion in mortgage bonds that were “destined to perform poorly,” and that quickly sank … Read more
