gotta love SNLMaiden Lane LLC | Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed
A must see. Rep. Alan Grayson discussed the Federal Reserve’s purchase of debt from Bear Stearns, including debt from recently foreclosed Red Roof Inn’s. ~ 4closureFraud.org Tweet
NY Foreclosure King Steven J. Baum | Fraudclosure Mill to Unemployment Mill
Foreclosure king’s unemployment mill He’s a one-person, countywide economic disaster. Steven J. Baum, whose Buffalo-area home-foreclosure mill is slated to close next month under pressure, could move the county unemployment rate up by nearly two-tenths of a percentage point all by himself. Nearly 700 workers — just under 600 from Pillar Processing, a document processing … Read more
Ohio | Sen Brown to Feds: Don’t Let Wall Street Banks Use the Assets of Middle Class Ohioans to Pay the Penalty for Breaking the Law
Brown to Feds: Don’t Let Wall Street Banks Use the Assets of Middle Class Ohioans to Pay the Penalty for Breaking the Law As Big Banks Prepare to Settle Case on Mortgage and Foreclosure Fraud, Brown Urges Involved Parties to Reject Wall Street Plan to Allow Banks to Use the Assets of Hardworking Americans to … Read more
New York Fed Secretly Sells $7.014 Billion in Face Value of Maiden Lane II LLC Assets To Credit Suisse Without Public Auction
Instead of opting for a publicly transparent auction in the disposition of its Maiden Lane II assets, the Fed has once again gone opaque and proceeded with a private sale, without any clarity on the deal terms, in which it sold $7 billion in face amount of Maiden Lane II assets direct to Credit Suisse. … Read more
Progressives Deliver Message to the White House: No Sweetheart Deal for Big Banks
Progressives Deliver Message to the White House: No Sweetheart Deal for Big Banks Jan. 19, 2012 Washington, DC – Progressive groups are uniting today to send a strong message to the White House that bankers who commit fraud ought to be investigated, prosecuted and sent to jail. The Campaign for America’s Future and MoveOn, Credo, … Read more
Foreclosure Settlement’s Value Hinges on California’s Participation
Foreclosure Settlement’s Value Hinges on California’s Participation As the national settlement talks to resolve mortgage companies’ wrongful foreclosures inch towards a conclusion, the size of the deal hinges on California. Starting Wednesday and continuing throughout the remainder of the week, negotiators representing 50 states attorneys generals and the Obama administration are distributing to all parties … Read more
Menendez (D-NJ), Waters (D-CA), Miller (D-NC), and Gutierrez (D-IL) Call on GAO to Report on Foreclosure Reviews RE Serious Concerns that Reviews May Not be Truly Independent
UNITED STATES SENATOR ROBERT MENENDEZ FOR IMMEDIATE RELEASE January 19, 2012 MENENDEZ, REPRESENTATIVES CALL ON GAO TO REPORT ON FORECLOSURE REVIEWS Housing Chairman has expressed serious concerns that reviews may not be truly independent WASHINGTON, DC – As Chairman of the Senate Subcommittee on Housing, Transportation and Community Development, Senator Robert Menendez (D-NJ) along with … Read more
Deutsche Bank Analyst Sounded Alarm When Asked to Alter Numbers RE Mortgage-Backed Securities
Deutsche Analyst Sounded Alarm When Asked to Alter Numbers by Carrick Mollenkamp, Special to ProPublica At a time when mortgage-backed securities were imploding and customers were fleeing the market, a junior analyst at Deutsche Bank AG protested when he was asked to alter the numbers in a spreadsheet to make a Deutsche security look less … Read more
FL 3rd DCA Bank of New York Trust v Rodgers | Ex Parte Motions to Substitute Party Plaintiff
“This was a foreclosure case that advanced to trial. The presiding judge thought the bank presented insufficient evidence at trial to prevail. But two appellate judges disagreed based on an Order substituting plaintiff that was entered ex parte, without notice, and without hearing. Hence, according to these two judges, evidence to justify foreclosure is never … Read more
