David Dayen | Consequential Monday Foreclosure Fraud Meeting Less than Consequential
Consequential Monday Foreclosure Fraud Meeting Less than Consequential One thing missing from all the stories about this alleged key foreclosure fraud meeting in Chicago on Monday were confirmations from the state AGs, particularly the ones who have been resistant to a settlement, that they would attend. So I did some calling around. And I could … Read more
Abigail Field | Hey Californians, Make Sure Your AG Keeps Standing Up for You
Hey Californians, Make Sure Your AG Keeps Standing Up for You By Abigail Caplovitz Field | Dear Californians (and everyone else too): Shortly after the State of the Union speech next week, Team Obama wants to announce a deal with the big banks, and he wants you to think it’s a good deal. The banks … Read more
Fraudclosure | Woman Nearly Loses Her Home Over Error Made by Citimortgage
“They should have said, ‘We were totally wrong, we have to do what we need to do to stop this foreclosure and do what we need to do to correct this’” ~ East Pennsboro Township woman nearly loses her home over error made by Citimortgage Citimortgage received a $20 billion government bailout on grounds it’s … Read more
Dexia v. Bear Stearns | “Egregious Fraud” Dexia Sues JPMorgan Over $1.7 Billion in Mortgage Securities
Dexia Sues JPMorgan Over $1.7 Billion in Mortgage Securities JPMorgan Chase & Co., the biggest U.S. bank by assets, was sued over mortgage-backed securities sold to Dexia SA (DEXB) because the loans underlying the securities were allegedly riskier than promised. Dexia accused JPMorgan and companies it acquired — Bear Stearns Cos. and Washington Mutual — … Read more
Rally in Tally | National Foreclosure Awareness Day Febuary 16, 2012
The Rally will be held at the capital in Tallahassee on February 16, 2012! YOUR PARTICIPATION CAN MAKE A DIFFERENCE NOW IS THE TIME RALLY IN TALLY NATIONAL FORECLOSURE AWARENESS DAY FEBRUARY 16, 2012 It’s time for the 3rd annual RALLY IN TALLY. HOLD ONTO YOUR HATS! This year will be a blow-out event … Read more
The 11 Most Evil Things the Banking Industry Did in 2011
11 Most Evil Things the Banking Industry Did in 2011 It seems like every time we flipped on the news in 2011, the banking industry was finding a new way to blur the line between good business and reprehensible tyranny. Hardworking people, including war veterans, were kicked out of their homes illegally. Entire neighborhoods of … Read more
Sheila Bair | Why it’s time to break up the ‘too big to fail’ banks
Why it’s time to break up the ‘too big to fail’ banks Customers would benefit, the U.S. government would benefit, and – believe it or not – the big banks themselves would do better. FORTUNE — America is downsizing. Whether it’s the food we eat, the cars we drive, or the houses we live in, … Read more
WMC Mortgage | GE Lending Unit Said to be Target of U.S. Probe for Selling Fraudulent Loans
GE Lending Unit Said to be Target of U.S. Probe At issue is whether WMC Mortgage knowingly wrote fraudulent loans it later sold to investors. Federal authorities are investigating possible fraud at General Electric Co.’s former subprime mortgage arm amid increased public pressure to hold Wall Street accountable for its role in the financial crisis. … Read more
Fox Business Video | Robo-Signing Deal Nearing Conclusion
~ 4closureFraud.org Tweet
Call Your Attorney General Today to Oppose Big Obama Push to Get Mortgage Settlement Deal Done
Call Your Attorney General Today to Oppose Big Obama Push to Get Mortgage Settlement Deal Done We put up a few more stories on the mortgage mess tonight for a reason. It isn’t that we had a sudden explosion of new information on mortgage abuses. It is instead to remind readers that we could turn … Read more
Citizens United Anniversary | Citizens United v. FEC – What it Means for Democracy
The Supreme Court’s 2010 decision in Citizens United v FEC allows corporations to spend unlimited amounts of money directly from their treasuries buying ads supporting (or attacking) candidates for office. A quick summary of what that means and what it will take to overturn that decision. ~ 4closureFraud.org Tweet
The Day The LOLcats Died – #SOPA #PIPA Protest Song
SOPA and PIPA are two examples of recent legislation that is lethal to the internet as we know it. The internet rose up and is on its way to successfully fighting them off, but we need to stay vigilant. The only way to prevent legislation like this from being passed in the future is to … Read more
A shrill SHILL | Diana Olick – “The bottom line is that the vast majority of the foreclosures were and are valid”
“The trouble is, after going over these cases, the bottom line is that the vast majority of the foreclosures were and are valid. People didn’t pay their mortgages.” ~ ‘Robo’ Foreclosure Settlement Turns Political For over a year now, state attorneys general have been negotiating some kind of settlement deal with the nations four largest … Read more
Delaware | New Mandatory Foreclosure Mediation Program Goes into Effect
New mandatory foreclosure mediation program to start Thursday A new mandatory foreclosure mediation program goes into effect in Delaware tomorrow/Thursday. This was established by Attorney General Beau Biden’s office and state lawmakers as part of a legislative package to respond to the foreclosure crisis in the state – and is modeled after other successful programs. … Read more
Reuters | Insight: Top Justice Officials, Eric Holder and Lanny Breuer, Connected to Banks, Freddie, Fannie and MERS
“A particular concern by those pressing for an investigation is Covington’s involvement with Virginia-based MERS Corp, which runs a vast computerized registry of mortgages.” ~ Insight: Top Justice officials connected to mortgage banks By Scot J. Paltrow (Reuters) – U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division, were … Read more
