Gary Trafford | 2nd Defendant to Appear in Lender Processing Services Robo-signing Case

2nd defendant to appear in Vegas robo-signing case LAS VEGAS — A 49-year-old California property title officer is due for his first appearance in a Las Vegas court following his indictment on more than 600 charges in a massive “robo-signing” scheme that investigators say led to the filing of tens of thousands of fraudulent foreclosure … Read more

CA Dem Letter on Mutli-state Foreclosure Settlement and AG Harris

The President The White House Washington, DC 20500 Dear President Obama: California homeowners, and those throughout the country, continue to suffer as a result of the irresponsible and fraudulent actions of the mortgage industry. We write in support of California Attorney General Kamala Harris’ continued investigation into the potential misconduct and fraud by the mortgage … Read more

ACTION ALERT | Action of the Day Featured Homes (Ohio & Florida Homes) #OccupyHomes

Please get involved. Make a few calls. Send a few emails. Two homes in two different states. ~ FLORIDA FAMILY HOME (we are off to have a little chat with Wells Fargo & report back) Wells Fargo Fraudclosure Action Flyer Dec 15 [scribd id=75798686 key=key-192sjaegs6ss2dvf1k4e mode=list] ~ OHIO FAMILY HOME (Fannie Mae) ~ Almost a … Read more

William Black | Dante’s Divine Comedy: Banksters Edition

Dante’s Divine Comedy: Banksters Edition 60 Minutes’ December 11, 2011 interview of President Obama included a claim by Obama that, unfortunately, did not lead the interviewer to ask the obvious, essential follow-up questions. “I can tell you, just from 40,000 feet, that some of the most damaging behavior on Wall Street, in some cases, some … Read more

Matt Stoller | Treat Foreclosure as a Crime Scene

“What is behind these suits? Simple: Crime by mortgage servicers and their contractors. And this is more than just the crime of these foreclosures themselves — it’s the residual tail end of a housing bubble based on fraud. The reason these bank servicers must now routinely employ notaries using false documentation is because they never … Read more

SEC CHARGES FORMER FANNIE MAE AND FREDDIE MAC EXECUTIVES WITH SECURITIES FRAUD

SEC CHARGES FORMER FANNIE MAE AND FREDDIE MAC EXECUTIVES WITH SECURITIES FRAUD Companies Agree to Cooperate in SEC Actions FOR IMMEDIATE RELEASE 2011-267 Washington, D.C., Dec. 16, 2011 — The Securities and Exchange Commission today charged six former top executives of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation … Read more