Lawmakers Call for (more) Hearings on Robo-signing, Homeowners Call for Prosecutions

ENOUGH with the hearings already. Don’t you see? The banks are above the law and they are telling you to kiss off.

If you do not punish the perpetrators with real jail time the practices of their illegal scheme will continue…

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Lawmakers call for hearings on robo-signing

Lawmakers react to news that robo-signing continues; Hearing planned by Senate subcommittee

NEW YORK (AP) — Lawmakers and enforcement agencies called for hearings and further investigation Tuesday after learning that the illegal practice known as robo-signing has continued in the mortgage industry.

The Associated Press reported on Monday that county officials in at least three states — Massachusetts, North Carolina and Michigan — say they have received thousands of mortgage documents with questionable signatures since last fall. That’s when forged signatures and false affidavits — also called robo-signing — led to a temporary halt to foreclosures. Banks and mortgage processers promised to stop the practice. But the findings of the county officials indicate that robo-signing is still a widespread problem.

Sen. Sherrod Brown, D-Ohio., chair of the Financial Institutions and Consumer Protection Subcommittee, said the subcommittee will hold a hearing on the robo-signing issue.

“Wall Street and some in Washington want us to believe that robo-signing is a thing of the past,” said Brown. “But the same risky practices that put our economy on the brink of collapse continue to infect the housing market.”

Rep. Maxine Waters, D-Calif., a senior member of the House Committee on Financial Services said the lenders who continue the practice “need to be investigated and prosecuted.” She told The Associated Press that she believed regulators should step in and that the absence of stronger regulation is “the reason why the system broke down in the first place.” She said the county officials’ findings show lenders will not stop practices like robo-signing on their own.

You can check out the rest here…

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4closureFraud.org

Comments
14 Responses to “Lawmakers Call for (more) Hearings on Robo-signing, Homeowners Call for Prosecutions”
  1. Victoria Burns says:

    What about RK Arnold and Carson Mullen, President & Vice President of MERS, who stepped down after making millions of dollars screwing people over with their mortgage robo-signing garbage. They both stepped down from MERS, but RK Arnold is doing the same thing under another company name as is Carson Mullen.
    They earned their money and live in huge homes paid for by misrepresenting themselves to homeowners who where not knowledgeable about their underhanded way of doing business.

    MY QUESTION IS: HOW MANY PEOPLE IN POWER WHO DECIDE IF MERS AND THE PEOPLE WHO DID THE ILLEGAL ROBO SIGNING WILL BE PROSECUTED HAVE “BENEFITED” FINANCIALLY (WITH THEIR OWN MORTGAGES OR CAMPAIGN CONTRIBUTIONS) BY MR. R.K. ARNOLD AND MR. CARSON MULLEN?

    Would not want anyone who is in Congress or on the Judicial Bench to be embarrassed by being caught having dealings with MERS which may have been legal but still immoral, whose constituents would be upset by special favors and/or huge financial breaks.

    I HAVE BEEN TOLD THAT ALL THOSE CONNECTED WITH MERS CLAIM THEY ARE UNTOUCHABLE DUE TO THE PEOPLE THAT HAVE BENEFITED BY SPECIAL CAMPAIGN CONTRIBUTIONS AND UNBELIEVABLE MORTGAGE DEALS, IF THIS IS TRUE, WE NEED A BETTER GOVERNMENT THAN THE TWO PARTY SYSTEM WE CURRENTLY HAVE. IF THIS IS TRUE, WE MUST REALIZE THAT THE TWO PARTY SYSTEM HAS BECOME BOTH LAZY AND GREEDY BEYOND REPAIR. I DO NOT HAVE AN ANSWER TO THE PROBLEM OF OUR GOVERNMENT, BUT I DO KNOW THAT CONTINUED SELF-INTEREST AND PROTECTING THOSE WHO FLEECE AMERICA ARE WRONG AND DO NOT DESERVE OUR VOTES.

  2. Readdocs says:

    A question:
    How can on the origination forms, MERS listed as the trustee and beneficiary at the same time a law firm
    is listed as trustee as well.
    If MERS is listed as trustee, then they can’t also be the beneficiary. Right?
    Also how can a secondary trustee be listed on the same form? A law firm is also listed as trustee.
    That is contradictory and conflicting is it not?

    • Hell No, No More Bail-OUTS says:

      Have you ever really READ the information on the MERS website? It is a ‘PROCESS’ and a ‘Database’. of transactions. MERS states on their own website that MERS is NOT to be a beneficiary.

      Also, MERS does NOT meet the requirement for being a TRUSTEE. In my own state of CA, there are rules that allow a LOT of latitude on who can be a Trustee. MERS does not meet the criteria. MERS is not a Trust Bank, it is not an attorney, it is not a CPA, etc.

      What MERS is, is just ‘SMOKE AND MERS”.

  3. Ron Moss says:

    Robo-signing is a decoy. MERS is the real crime

    • lvent says:

      Right on Ron. That was the cover up for the Origination Fraud. That is where they_ OOPS,_ LOST TRACK OF OWNERSHIP OF THE LOANS.

  4. Stephanie Lavicous says:

    How about accountability for illegal predation? So many of these “loans” were exactly that. Right from the start
    and by design. Robosigning is the tip of the iceberg – watch how BOA slashes and attacks like a drunk in a bar fight.

    The writing is on the god#$mn wall, and the same sons of bitches enjoy comfortable, well cared for positions of authority after the damage they initiated, designed or allowed, was done. They continue to be rewarded for having a boot on the throats of so-called borrowers.

    • lvent says:

      If you think your mad now, check out these you tube videos about the banking conspiracy and who the biggest players are.. The Ring of Power-Hidden Empire (4 of 29), The Ring of Power-Profiteering from 9-11 (3-29), The Ring of Power-Vatican Hoarder (5-29), The Ring of Power-Drug Running (23-29), The Ring of Power-Asses of Evil (22-29).

    • Snowstorm says:

      Sounds good! I’ve been thinking “How About we all go to the Prosecutors office and file using (THEFT BY DECEPTION) They stole our signatures, (without our permission) using us to build the Ponzi Scheme and we were not paid any monies, due under the TRUSTS, as we were sold without our permission and not compensated. Now they are coming to steal our homes, ( THAT ARE PAID FOR) accordingly, so this is (THEFT BY DECEPTION.)???????????

      • lvent says:

        Susan, I have uncovered that is illegal for a lender to bring a foreclosure complaint on a cloudy title. The judges know this. This is bullshit. Foreclosures are illegal if they do not have a complete loan history from day 1 to today. Even with my commercial property I found out it is illegal for the pretender lender to put a property in recievership before being granted a foreclosure. BUT THEY DID IT. THEY ARE GETTING AWAY WITH SHITTING ALL OVER US BY THE — USE OF DECEPTIVE PRACTICES AND UNFAIR DEALING. THEY COUNTED ON WHAT THE SHEEPLE DO NOT KNOW AND ARE HAVING AN INCREDIBLE DIFFICULT TIME FINDING OUT SO THEY CAN STEAL EVERYTHING FROM THE PEOPLE. THIS IS ALL HIGHLY CRIMINAL AND THE US. GOVERNMENT IS PROTECTING THEM, NOT THE AMERICAN PEOPLE. THEY ARE ALL DESPICABLE, SCURILOUS, SCUMS OF THE EARTH..

      • lvent says:

        WE COULD HAVE AND SHOULD HAVE BEEN COLLECTING THE RENT FOR OVER A YEAR ON THAT COMMERCIAL PROPERTY BUT THEY EFFING DECEIVED US BEYOND BELIEF. THERE WERE WEEKS WHEN WE COULD BARELY AFFORD FOOD. I WANT TO SEE ALL OF THEM HUNG..

  5. lies is all they tell says:

    every morning its the same BS law makers want more robo signing accountability. i have a ginormous question what happens to all the people that have already have been foreclosed on by robosigned documents and then the subsequent sale of their homes and the their homes sitting vacant . what about them???? and what about the rest of us in the pending situations???? what is our fate. we are scary times and it feels like i am in the holocaust, gold mining /old west days. can not believe we have not progressed as a country. I call my bank for help, whom supposedly i have a contract/promissory note with, the tell me to apply for a hamp loan i must be in eminent default before i can apply, false information, but doesnt just giving that advice and me following it fo rthe help null and void the contract. and why would i have to prove this????? most people never skipped a payment before being told this. we have jobs, kids to raise, but expenses have increased and salaries have decreased. hence our call for help. it was not call for them to take my home. when a person is told to break acontract they signed that null and voids the said contracr. i need case law please help.!!!!

    then the modification scam/fraud i went throught just so they can put me in foreclosure. then when i complained to the OCC, florida ag pam bimbo, and my local senator all wells fargo did was tell them lies?? my home is worth alot in credit default swap , approx 6 million yet i live in a modest home in florida bought in 2006. appraisall fraud, and predatory lending. rampant in my area. homes that sold in 2006 for 250 are now 60-90k. its a depression and weall know it. why do they continue focusing this whole scam on robo signing seems there are many issues they should be dealing with dont oyu think.

  6. John says:

    Why should they stop.

    The lawmakers have proven they are all talk.

    The banks and financial institutions will get worse and worse as the envelope keeps getting pushed to the limit and the limit keeps being changed in the banks favor so they push farther.

    The question begs answering “who is at fault really, those pushing the law or those not enforcing it”!

    • lvent says:

      Yes, Who is obstructing justice for the American people by blocking criminal prosecutions? When we find that out we will find the traitor. Well at least one of them. This is what they did (the banksters) is not a valid excuse and never was. The law is the law for everyone.

      • lies is all they tell says:

        not if we are being run by a faux demcracy. we are more part of a dictatorship like jiltler had in germany in 1933. it was a nincredible show on the history channel. the rise of the thirs reich. i am watching this and eveything tthat went on reminded me of what is happening now. the stealing of our private property, the supression of our media, no jobs. i said to my husband this reminds me what is happening now. the reason all thise men joined hitlers army was they had no jobs and no food. the saying if you cant beat them jpin them. thats what happened. hitler closed all the factories and stopped all the news papers. the people that lived in germany had no idea what was happening. very scary. so that seems alot like today. people that not involved in our war have no idea. it has been suppresed from the media. only bits and peices every once in a while. people do not know what we know. the people stealing are not being procecuted. so we are basically watching a dictatorship unfold in front of our eyes. i hope they dont go after the jews again or i am dead meat. i will dies in the gas chambers like my family did. sad. hilter got angry because when he closed down th factories the only people that had businesses left open where people and they happened to be jewish so he made a “plan” to extinguish the jews. sounds familiar a plan to bring down the homeownwers and collect that money they bet on these homes. billions.

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