Complaint below… ~ Five National Banks Sued by AG Coakley in Connection with Illegal Foreclosures and Loan Servicing First Comprehensive Lawsuit to Address Foreclosure Crisis Seeks to Hold Banks Accountable For Illegal and Deceptive practices Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC All Named As Defendants; Mortgage Electronic Registration System (“MERS”) … Read more

Wells Fargo CEO John Stumpf Mic Checked at NC State by Occupy on 11/30/11 (VIDEO)

READ ENTIRE MIC CHECK SCRIPT BELOW: Mic Check! Mic Check! John Stumpf We won’t take your home but we will take a minute of your time. Your leadership has led to the death of the American Dream. Wells Fargo is guilty of widespread predatory lending And holds over 5.7 billion in student debt. Wells Fargo … Read more

#AGOs TWEET | AG Coakley to hold press conference at 1pm regarding a major lawsuit against 5 national banks

More to come as I get it… ~

Remember the Alamo! | Mr. Deeds (Jeff Thigpen) Goes National With Battle Cry Against the Largest Financial Institutions in the World

“I thought, ‘Homeowners really feel like they’re at the Alamo. They feel surrounded, they’re up against the big banks; their mortgages are underwater; they’re not getting any help.” “It was kind of like one of those circle-the-wagon moments,” Thigpen said. ~ Mr. Deeds Goes National With Battle Cry It was almost 200 years ago that … Read more

Adam Levitin | “The Wikipedia of Land Registration Systems”

“The Wikipedia of Land Registration Systems” Pretty amazing opinion in Culhane v Aurora Loan Services of Nebraska byJudge Young of the US District Court for the District of Massachusetts. Judge Young breaks out a fresh can of whoop-ass on MERS, which wasn’t even a litigant. How are these choice lines: “MERS is the Wikipedia of … Read more

Pillar Processing | 590 Face Layoff as Steven J. Baum Woes Spread

590 586 face layoff as Baum woes spread to Pillar Pillar Processing, a back-office and document-processing firm with close ties to the Steven J. Baum PC foreclosure law firm, will lay off 590 full- and part-time employees at its offices in Amherst. The company told state and local officials that the layoffs are expected to … Read more

Report | Lost Ground, 2011: Disparities in Mortgage Lending and Foreclosures

EXECUTIVE SUMMARY As the nation struggles through the fifth year of the foreclosure crisis, there are no signs that the flood of home losses in America will recede anytime soon. Among the findings in this report, Lost Ground,2011, we show that at least 2.7 million households have already lost their homes to foreclosure, and more … Read more

Freddie Mac, Fannie Mae Again Halt Evictions During Holidays

Freddie Mac, Fannie Mae Again Halt Evictions During Holidays Freddie Mac (FMCC) and Fannie Mae (FNMA) again said they are suspending many of their evictions during the holiday season from Dec. 19 to Jan. 2. “No family should have to give up their home during this holiday season,” said Terry Edwards, an executive vice president … Read more