Law.com | Attorneys’ Ouster From Fla. AG’s Office Stirs Controversy
Attorneys’ Ouster From Fla. AG’s Office Stirs Controversy Since leaving the attorney general’s office, Clarkson and Edwards have started their own firm and plan to represent homeowners in foreclosure defense Their employee evaluations were consistently exemplary. June “Clarkson is a dedicated and hard working attorney … and has embraced the division’s mission to protect consumers,” … Read more
MERS Study: Invalid Mortgage Assignments Found En Masse in Mass (VIDEO)
“This should concern everybody because if this taints mortgages and taints documentation of who owns a piece of property or who doesn’t or can you prove you own that property its certainly going to have an effect on the real estate market” - Hampden County Register of Deeds, Don Ashe. ~ Study: Invalid mtg. assignments … Read more
Pennies on the Dollar | Wells Fargo Picks to Pay
Wells Fargo Picks to Pay by Jake Bernstein ProPublica On Friday, Wells Fargo disclosed that it had agreed to pay $590 million to settle class-action lawsuits [1] brought by investors concerning bonds sold by Wachovia, which Wells Fargo acquired in October 2008. Among the claims in the suits: That Wachovia misrepresented the quality of a … Read more
Fraudclosure | Mark Harmon – Building an Empire, One Foreclosed Home at a Time
“They loaned people money. It is not being paid back, and they need to be represented, and it is required that we represent them zealously’’ - Mark Harmon ~ I bet you all $1 this firm implodes just as David Stern’s did… It is just a matter of time… ~ Building an empire, one home … Read more
Judge Rules Probe of Fraudclosure Firm Harmon Law for Unfair and Deceptive Acts Can Continue
Probe of law firm can continue Judge rules Coakley can investigate office in home foreclosures State Attorney General Martha Coakley (NOT PAM BONDI) can continue her investigation into the practices of a Newton law firm that specializes in home foreclosures, a Suffolk Superior Court justice has ruled. Justice Bonnie H. MacLeod denied a motion by … Read more
PONZI FAIL | S&P Cuts Freddie Mac, Fannie Mae from AAA to AA+ After U.S. Downgrade
S&P cuts Freddie Mac, Fannie Mae after U.S. downgrade (Reuters) – Standard & Poor’s cut Freddie Mac (FMCC.OB) and Fannie Mae’s (FNMA.OB) long-term ratings one notch on Monday. S&P said the downgrades from the top-notch Triple-A were due to its lowering of the U.S. sovereign credit rating late on Friday. “The downgrades of Fannie … Read more
PONZI PART DEUX | Freddie Mac Seeks $1.5 Billion from Taxpayers
Freddie Mac seeks $1.5 billion from taxpayers (Reuters) – Mortgage finance giant Freddie Mac FMCC.OB said on Monday it would need to ask for an additional $1.5 billion from taxpayers due to losses stemming from weak housing markets. The company reported a comprehensive loss in the second quarter of $1.1 billion. Despite income of $1 … Read more
PONZI | Fannie Mae Seeks $5.1 bln More from US Taxpayers
Fannie Mae seeks $5.1 bln more from US taxpayers By David Lawder WASHINGTON, Aug 5 (Reuters) – Mortgage finance giant Fannie Mae (FNMA.OB) said it would ask for an additional $5.1 billion from taxpayers as a weaker housing market causes continued losses on loans made prior to 2009. The largest U.S. residential mortgage funds provider … Read more
Fraud Digest | Mortgage Fraud – Bank of America, JP Morgan Chase, Lender Processing Services, WaMu Trusts, Washington Mutual, WMABS Trusts, WMALT Trusts
Mortgage Fraud Bank of America JP Morgan Chase Lender Processing Services WaMu Trusts Washington Mutual WMABS Trusts WMALT Trusts Action Date: August 6, 2011 Location: Jacksonville, FL An examination of over 5,000 Mortgage Assignments to Washington Mutual Trusts shows that these Trusts (WaMu, WMALT and WMABS) used Mortgage Assignments signed by employees of JP Morgan … Read more
Abigail Field | Schneiderman Sues BNY; Homeowners Validated; Will Deutsche Bank Be Next?
Schneiderman Sues BNY; Homeowners Validated; Will Deutsche Bank Be Next? With one court filing, Attorney General Eric Schneiderman has transformed the mortgage backed securities liability landscape. By intervening and opposing the Bank of America/BNY global settlement of mortgage backed securities claims, Schneiderman served notice to the big banks that they will not be able to … Read more
Mark Stopa Responds to Administrative Order in Tampa (Hillsborough County) that Gives Judges the Discretion to Deny Motions in Residential Foreclosure Cases Without a Hearing
Fighting for Hearings before Tampa Judges A recent Administrative Order in Tampa (Hillsborough County) gives judges the discretion to grant/deny motions in residential foreclosure cases without a hearing. This has been very frustrating for foreclosure defense attorneys such as myself, particularly since I’ve gone from winning about half of my motions to dismiss over a … Read more
NY Times | New York Attorney General Moves to Block Mortgage Settlement
New York Attorney General Moves to Block Mortgage Settlement By GRETCHEN MORGENSON The New York attorney general is moving to block a proposed $8.5 billion settlement struck in June by Bank of New York Mellon and Bank of America over troubled loan pools issued by Countrywide. A lawsuit filed late Thursday accuses Bank of New … Read more
Attorney General Pam Bondi Juggles Home life, Sudden Celebrity Status and Catering to The Banks
Attorney General Pam Bondi Juggles Home life, Sudden Celebrity Status By Kathleen Haughney, Tallahassee Bureau TALLAHASSEE — Attorney General Pamela Jo Bondi has completely upended her life in the past 18 months. She won her first election. She and longtime boyfriend Greg Henderson got engaged. She moved to Tallahassee and successfully pushed for a new … Read more
NY Times | A.I.G. to Sue Bank of America Over Mortgage Bonds
A.I.G. to Sue Bank of America Over Mortgage Bonds The American International Group is planning to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis. The suit seeks to recover more than $10 billion in losses on … Read more
Fraudclosure | America – You Must Learn, Get Involved, Care for Yourself, Protest, Organize, Share Knowledge, and Fight Back, Because if YOU Don’t, YOU Will Never Know YOU Were Here
America! Are you loving it? I am loving it now. NO matter what settlement the banks, the servicers, the crooks of Wall St. and every sleazy con artist in America will do with the AG, the SEC, the FTC, the Legislators, the Regulators, or any government agency, they will always get away with murder. Please … Read more
