What can we expect from new DOJ/SEC/state AG task force on MBS?
What can we expect from new DOJ/SEC/state AG task force on MBS? The benefits of creating an umbrella task force to oversee investigations already underway by state and federal regulators aren’t clear to me from the task force’s announcements. There will apparently be additional resources dedicated to MBS fraud. Holder said that there are now … Read more
Press Release | 3rd Annual Rally in Tally National Foreclosure Awareness Day February 16, 2012
PRESS RELEASE CITIZENS RALLY IN TALLAHASSEE AGAINST FORECLOSURE FRAUD Mortgage Justice Group, ForeclosureHamlet and 4closureFraud join Awake the State, the Coalition of Occupy Foreclosure Working Groups movement, and other groups across the nation to rally at the capital in Tallahassee for the annual FORECLOSURE AWARENESS DAY RALLY on Feb. 16, 2012. The rally is to … Read more
Matt Stoller | Lanny Breuer, Task Force Leader, Doesn’t Bother Showing Up For Mortgage Fraud Press Conference
Lanny Breuer, Task Force Leader, Doesn’t Bother Showing Up For Mortgage Fraud Press Conference By Matt Stoller, the former Senior Policy Advisor to Rep. Alan Grayson and a fellow at the Roosevelt Institute. You can reach him at stoller (at) gmail.com or follow him on Twitter at @matthewstoller. Eric Holder has come out with details … Read more
Bill Moyers | How Power and Influence Helped Big Banks Rewrite the Rules of Our Economy (VIDEO)
Do yourself a favor and witch this instead of American Idol this week… Big banks are rewriting the rules of our economy to the exclusive benefit of their own bottom line. But how did our political and financial class shift the benefits of the economy to the very top, while saddling us with greater debt … Read more
Interview | Larry Summers: “Inside Job had essentially all its facts wrong”
I suggest you read this write up before watching the interview. It gives great background to the video above… ~ 4closureFraud.org Tweet
Rachel Maddow | Treating the Shattered Economy as a Crime Scene (VIDEO)
Schneiderman joins the conversation about 5 min in… ~ 4closureFraud.org Tweet
Abigail Field | What a Strong Servicer Settlement Looks Like
What a Strong Servicer Settlement Looks Like by Abigail Field Many–including me–have attacked the idea of a multistate and federal settlement with the biggest bailed out banks (wearing their mortgage servicing hats) on the grounds that it’s wrong to settle something that hasn’t been thoroughly investigated. We’ve also objected by pointing out the numbers on … Read more
Freddie Mac Bets Against American Homeowners
Freddie Mac Bets Against American Homeowners by Jesse Eisinger, ProPublica and Chris Arnold, NPR News Answers to homeowners’ questions about the Independent Foreclosure Review.The administration’s website for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program.A list of HUD-approved housing counseling agencies nationwide.Tips … Read more
Chris Hayes | NY Attorney General Eric Schneiderman on President Obama’s Mortgage Crisis Unit (VIDEO)
New York Attorney General and co-chair of President Obama’s new mortgage crisis unit Eric Schneiderman talks with Chris about his expectations for the new mortgage crisis investigations. ~ 4closureFraud.org Tweet
Citizen Warriors Show | Live Fraudclosure Web Radio 6-8pm EST Jan. 29, 2012
Join us for tonight’s show starting at 6pm EST on WSBRradio.com. Click the Listen Live button on the black horizontal title bar or 740am on the radio in South Florida. Featured guest: Phillip Taylor, Oklahoma Anti-Fraudclosure Attorney with two recent strong Oklahoma Supreme Court wins under his belt to share with us. ~ 4closureFraud.org … Read more
Howdy Folks | Oklahoma Supreme Court Attacks Fraudclosure Head On in TWO STRONG January 17, 2012 Opinions
And sometimes, folks, I could almost cuss. ~ David Randolph Milsten Oklahoma poet, author of Howdy Folks the Oklahoma State Poem ~ “This is fun but dangerous work. We’re attacking people with deep pockets and they’re not real happy with us and the body of work we’ve presented. ” ~ Phillip Taylor 2012 My name … Read more
H.A.M.P. Redo | Expanding efforts to help more homeowners and strengthen hard-hit communities
Expanding efforts to help more homeowners and strengthen hard-hit communities Today, the Administration announced important enhancements to the Making Home Affordable Program, including the Home Affordable Modification Program (HAMP), to expand the reach of the program to help additional homeowners stay in their homes and strengthen hard-hit communities. These enhancements will provide additional relief to … Read more
Action Alert | Guardian Newspaper Journalist Flying in to South Florida Tomorrow (Sat) Looking for Foreclosure Victims to Meet With
This just in… Hi Michael, I’m a journalist with the Guardian newspaper and website, based in New York (We get 20 million unique US users a month). I am writing a piece about foreclosure in Florida and I need to find case studies to talk to over the next day or so. I am flying … Read more
Occupy Palm Beach Foreclosure Fraud Teach-In Sunday Jan 29 1-3pm
Sunday, Jan. 29, 1-3 p.m. Teach-In on Foreclosure Fraud Thousands of homeowners throughout Palm Beach County, and many more throughout the country, are being foreclosed on, even evicted, often through the greed and fraud of the big banks, law firms and mortgage companies that crashed our nation’s economy in 2008. But the 99% are fighting … Read more
California Spurns $15bn in Mortgage Aid from Robo-signing Settlement
California spurns $15bn in mortgage aid By Shahien Nasiripour in Washington California, home to the largest US property market, spurned an offer of roughly $15bn in lower monthly mortgage payments and reduced loan balances for its residents in talks to settle allegations of mortgage-related misdeeds by leading US banks. Bank of America had guaranteed California … Read more
Schneiderman’s Fraud Task Force Subpoenas 11 Banks
Attorney General Holder Speaks at the Announcement of the Financial Fraud Enforcement Task Force’s New Residential Mortgage-Backed Securities Working Group WASHINGTON, D.C. ~ Friday, January 27, 2012 Good morning. Today, I’m pleased to join with so many key partners – including Director of Enforcement for the U.S. Securities and Exchange Commission, Robert Khuzami; Secretary for … Read more
U.S. Attorney General Holder, State and Federal Officials Announce Collaboration to Investigate Residential Mortgage-backed Securities Market
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, January 27, 2012 U.S. Attorney General Holder, State and Federal Officials Announce Collaboration to Investigate Residential Mortgage-backed Securities Market WASHINGTON – Attorney General Eric Holder along with Housing and Urban Development (HUD) Secretary Shaun Donovan, Securities and Exchange Commission (SEC) Director of Enforcement Robert … Read more
CREDO | Update on our campaign to send Wall Street bankers to jail
Update on our campaign to send Wall Street bankers to jail. After months of activism from people like you, President Obama announced in his State of the Union speech the creation of a new task force to investigate and hold banks accountable for causing the foreclosure crisis and financial meltdown. The task force will have … Read more
Forced Placed Insurance | Elderly Couple Facing Foreclosure Claims JPMorgan Took Payments for Principal and Interest and Applied it Toward Insurance
Baird couple facing foreclosure claims house payments wrongly uncredited to mortage loan It’s been enough to make Virginia Tollett sick with worry. “If we hadn’t went and got an attorney, they would have auctioned our house on the courthouse lawn,” said Tollett, 72, her voice rising. “They would have sold our house.” Tollett and her … Read more
David Dayen | How the Schneiderman Panel Could Work
How the Schneiderman Panel Could Work Here’s what my sources say about that aspect of things. The panel was attached to the existing financial fraud task force because it didn’t require a new executive order. It gives the New York AG new resources that he can take to his state to pursue claims under the … Read more
