Press Release from Tom Miller on Fraudclosure Settlement | NO DEAL! “We have not yet reached an agreement and we won’t reach a settlement any time this week.”
IOWA DEPARTMENT OF JUSTICE OFFICE OF THE ATTORNEY GENERAL Thomas J. Miller, Attorney General www.IowaAttorneyGeneral.gov CONTACT: Geoff Greenwood Communications Director 515-281-6699 geoff.greenwood@iowa.gov FOR IMMEDIATE RELEASE January 23, 2012 STATEMENT FROM ATTORNEY GENERAL TOM MILLER (CHICAGO, Illinois) State Attorneys General from both parties, along with our federal partners, are today discussing the details of the progress … Read more
Vistas Homeowner Association | 81-Year-Old Korean War Veteran Foreclosed on for a Measly $338.91
“I don’t understand it. I never seen a situation like this in all my life,” said the Chicago native, who is twice widowed. “Nobody didn’t give me this house. I bought it with blood, sweat and tears.” ~ Homeowners association pursues extreme option — foreclosure — against Korean War veteran A measly $338.91. That’s how … Read more
Exclusive | Wells Fargo Claim Against AHMSI for $483 Million for “Known and Unknown Document Deficiencies”
What was Missing Then has been Fabricated Now Files from the AHMSI bankruptcy sent to us by a Florida foreclosure defense attorney. From our source: Spreadsheet of loan-level exception reports for six American Home Mortgage SEC Trusts, courtesy of Master Servicer Wells Fargo. Plus exception report document codes (from another trust, but they all seem … Read more
Jan 24, 2012 Congressional Oversight Committee CFPB Cordray Hearing (*Bonus* Congressional Bank-Puppet Ass Alert — Gowdy & McHenry)
Event: ‘How Will The CFPB Function Under Richard Cordray?’ Back in May 2011, Elizabeth Warren, previous acting head of the Consumer Financial Protection Board (CFPB), was testifying in front of this same committee she tried to speak about foreclosure fraud and other predatory bank behavior. She was treated very rudely by Congressman Trey Gowdy & … Read more
Sorry Suckers! | FHFA Releases Analysis that Excludes Principal Forgiveness As Loss Mitigation Tool
“Being underwater does not imply that a borrower lacks the ability or the desire to make good on one’s financial obligation, nor does it relieve a household from that responsibility.” ~ FHFA Releases Analysis on Principal Forgiveness As Loss Mitigation Tool Washington, DC – In response to a request from members of Congress, the Federal … Read more
George Mantor | The “Quiet Rooms” of Mitt Romney’s Mind
This one has some explicit language so reader discretion is advised… ~ The “Quiet Rooms” of Mitt Romney’s Mind Responding to a question about wage inequality, the candidate who says he loves to fire people, Mitt Romney, dismissed any discussion of the matter as being nothing more than envy and talk suitable for “quiet rooms”. … Read more
UNITED STATES v. JONES | Supremes Rule Covert GPS Is a “Search”
The Market Ticker – Supremes Rule Covert GPS Is a “Search” by Karl Denninger Hoh hoh! No. 10–1259. Argued November 8, 2011—Decided January 23, 2012 The Government obtained a search warrant permitting it to install a Global-Positioning-System (GPS) tracking device on a vehicle registered to respondent Jones’s wife. The warrant authorized installation in the District … Read more
Mitt Romney on Fraudclosures | Do Like Bondi Does and “Prosecute the institutions where there has been fraud”
Mitt Romney, Pain-Feeler “If you look home prices over time, in America — 100 years of home values — and you take out inflation, home values have grown about 1 percent per year,” he said. “Starting about a decade ago, it started going dramatically up. That coincided with the efforts of Congress and Freddie and … Read more
Woman’s Home Loan Sold to Ocwen, $400 Payment “Lost” in the Process, $1100 in Fess Tacked On, Foreclosure Threatened
This may not be a case of a missing payment. We recently got word that Ocwen is charging a “transfer fee” to the homeowners when purchasing their loans… “It appears that when servicers sell loans to other servicers, the new servicer then charges the homeowner a ridiculous ‘transfer fee’, causing them to get behind or … Read more
Russian Mob Steals Refinance Money During Wire Transfer, Bank of America Forecloses
Bank of America held the Cannings first mortgage. It was supposed to be paid off during the transfer. Since the money never made it to them, the Cannings basically have two mortgages on their home. Bank of America wants its money back so it’s foreclosing on their home. ~ Stolen Wire Transfer Leaves Family In … Read more
Action Alert | Call the White House right now and tell them to launch a full investigation into Wall Street
BREAKING NEWS: It’s the eleventh hour and the White House is about to strike a deal with big banks. President Obama wants to be able to point to a big bank foreclosure settlement in Tuesday’s State of the Union as a measure of progress towards more Wall Street accountability. But the deal on the table … Read more
Lee Camp | Occupy Congress – Live Performance In The Belly Of The Beast
Explicit Language So Viewer Discretion Advised Lee Camp performed live in our nation’s capital just last week, on the four-month anniversary of Occupy Wall Street. Immediately following this performance the thousands who were there stormed the steps of the Supreme Court and the White House. ~ 4closureFraud.org Tweet
NPR | Foreclosure Robo-Signing Deal Worries N.Y. Official Eric Schneiderman
Foreclosure Robo-Signing Deal Worries N.Y. Official Some of the biggest banks in the country are reportedly close to a settlement with authorities over the so-called robo-signing scandal in which mortgage company officials signed and notarized foreclosure documents without properly reviewing them. Many lenders and mortgage servicers acknowledged making serious mistakes in foreclosure paperwork. But the … Read more
Mitt Romney Talks With Florida Foreclosure Victims, Encourages Strategic Defaults and Principle Reductions
Mitt Romney Talks With Florida Foreclosure Victims “Yeah. It’s just tragic, isn’t it? Just tragic, just tragic,” Romney said. “We’re just so overleveraged, so much debt in our society, and some of the institutions that hold it aren’t willing to write it off and say they made a mistake, they loaned too much, we’re overextended, … Read more
Texana Hollis | Evicted Woman, 101, Can’t Go Home as Promised – HUD Says Foreclosed Detroit Home is Unsafe
Posts on the original reports from September are here and here… ~ Evicted woman, 101, can’t go home as promised HUD says foreclosed Detroit home is unsafe DETROIT — The federal government now says a 101-year-old Detroit woman it promised could move back into her foreclosed home four months ago can’t return because the building’s … Read more
Credit Suisse | Mortgage Principal Cuts Don’t Help Homeowners
Mortgage Principal Cuts Don’t Help Homeowners Reducing mortgage balances is a risky idea that hasn’t been shown to keep borrowers who owe more than their property’s worth in their homes, according to Credit Suisse Group AG. (CSGN) Of the 11 million of “underwater” homeowners, about 6.5 million have never missed a payment and 2 million … Read more
Naked Capitalism | Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement”
Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement” The story did not outline terms, but previous leaks have indicated that the bulk of the supposed settlement would come not in actual monies paid by the banks (the cash portion has been rumored at under $5 billion) but in credits … Read more
Pulling Back the Curtain: Exposing the 1% Behind the 2011 Big Bank Bonuses
Today, The New Bottom Line releases “Pulling Back the Curtain,” a report exposing the one percent behind big bank bonuses. While 99% of Americans struggle to make ends meet in this financial crisis, this report details how the one percent work together to ensure further concentration of wealth. EXECUTIVE SUMMARY In a functioning democracy, we, … Read more
