Ally (GMAC), Home of Robo-signer Extraordinaire Jeffrey Stephan, Sets Aside $270 Million for Expected Penalties from Foreclosure Fraud Settlement

Ally To Take $270 Million Charge In 4Q For Foreclosure Matters NEW YORK (Dow Jones)–Ally Financial Inc., one of the mortgage servicers in discussions with state and federal officials over a settlement of alleged foreclosure abuses, said Tuesday it will record a charge of about $270 million in the fourth quarter for expected regulatory penalties. … Read more

(un)Fair Foreclosure Act Sponsor | Did Representative Passidomo Get Duped?

The story below relates to a bill that Passidomo introduced to protect insurance companies from bad faith claims. It just goes to show how much of a puppet she is. ~ Did Representative Passidomo Get Duped? Some excerpts from the report… Despite the power of this logic, and the obvious and clear words of existing … Read more

Ex-Marine Reoccupies His Own Foreclosed Home in Fight Against Freddie Mac, JPMorgan Chase

Ex-Marine Reoccupies His Own Foreclosed Home in Fight Against Freddie Mac, JPMorgan Chase As Freddie Mac comes under scrutiny for betting billions on investments that profit if homeowners they issued loans to are locked into high-interest mortgages, we speak with Arturo de los Santos, a U.S. Marine veteran who was evicted last year in Riverside, … Read more

Two Separate Crimes | Mortgage Fraud vs Foreclosure Fraud

Mortgage Fraud vs Foreclosure Fraud by DanJS When reporting or discussing the economic meltdown of our nation, let us please get it into our minds that Mortgage Fraud and Foreclosure Fraud are two separate crimes and focus must be given to the definitions of the two. “Mortgage Fraud” is a long-established criminal act that must … Read more