CREDO Sends Letter Backing Up Schneiderman in Foreclosure Fraud Fight

Firedoglake just posted the letter… CREDO rightly points out that the robo-signing scandal which was the main impetus for the 50 state AG investigation was really just a symptom of fraud, as well as fraud itself. The real problem for the banking industry is that they committed major errors when securitizing loans, improperly creating mortgage … Read more

September 17th 2011 | Hello Wall Street – We Are Anonymous (Video)

Hello citizens of the internet. We are Anonymous. On September 17th, Anonymous will flood into lower Manhattan, set up tents, kitchens, peaceful barricades and occupy Wall Street for a few months. Once there, we shall incessantly repeat one simple demand in a plurality of voices. We want Freedom. This is a Non Violent protest, we … Read more

Fraud Digest | HSBC Foreclosures and the Newtrak System of Lender Processing Services

HSBC Foreclosures and the Newtrak System of Lender Processing Services By Lynn E. Szymoniak, Esq., Ed. Fraud Digest, August 26, 2011 On August 24, 2011, Circuit Judge Fuentes of the United States Third Circuit Court of Appeals, issued an opinion in a case appealing the reversal by the District Court of sanctions originally imposed in … Read more

BofA’s $8.5 Billion Settlement Could Fall Apart After Request Made To Move Mortgage Case From State To Federal Court

BofA’s $8.5 Billion Settlement Could Fall Apart After Request Made To Move Mortgage Case From State To Federal Court As most know by now, the ridiculously low $8.5 billion putback settlement, which was supposed to have been closed by now, and which was the key driver in preventing Bank of America from trading far, far … Read more

Billions Meant for Struggling Homeowners May Pay Down Deficit Instead

Billions Meant for Struggling Homeowners May Pay Down Deficit Instead by Lois Beckett ProPublica With housing prices dropping sharply [1], and foreclosure filings against more than 1 million properties [2] in the first half of this year, the Obama administration is scrambling for ways to help homeowners. One place they won’t be looking: an estimated … Read more