Fraudclosure Fail | More than 40 States Agree to Settlement Over Foreclosure Fraud Abuses
More than 40 states agree to settlement over foreclosure abuses WASHINGTON – More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses. The deal would force the five largest mortgage lenders to reduce loans for about 1 million households. And the remaining holdouts could sign onto a deal in the coming … Read more
David Carter Found Dead In Foreclosed Home As Many As Four Years After Suicide (VIDEO)
David Carter Found Dead In Foreclosed Home As Many As Four Years After Suicide (VIDEO) Abandoned homes have become an increasingly common sight amidst a national foreclosure crisis. Yet what may lurk forgotten behind closed doors may be much worse than nothing at all. A Milwaukee real estate agent entered one such house last month … Read more
MERS Speak | Setting the Record Straight – MERSCORP’s Response to Some of Attorney General Schneiderman’s Claims
Setting the Record Straight: MERSCORP’s Response to Some of Attorney General Schneiderman’s Claims FOR IMMEDIATE RELEASE CONTACTS: Janis L. Smith 703-738-0230 janiss@mersinc.org Karmela Lejarde 703-761-1274 karmelal@mersinc.org Mortgage Electronic Registration Systems, Inc. (MERS) takes its role as a mortgagee very seriously. The MERS® System is an important part of the mortgage industry and the MERS business … Read more
US Foreclosure Settlement Talks Face Setbacks, Again, Banks Balk at NY Suit
US mortgage settlement talks face setbacks, again * State AGs faced Monday deadline to join mortgage deal * Many states say won’t comment about their participation * Deal faces another setback after banks balk at NY suit * California angling for more control over relief By Aruna Viswanatha and Karen Freifeld Feb 6 (Reuters) – … Read more
Nevada’s Masto Won’t Decide Today on Foreclosure Fraud Accord
Nevada’s Masto Won’t Decide Today on Foreclosure Accord Nevada Attorney General Catherine Cortez Masto won’t decide by today whether to join a nationwide settlement with banks over foreclosure practices, a spokeswoman said. A deadline for joining the accord was today. Masto’s office is “still reviewing the terms” of a proposed nationwide settlement over bank foreclosure … Read more
Dylan Ratigan & Beau Biden | State AG and Federal Government Stand-Off Over Big Banks (VIDEO)
Delaware Attorney General Beau Biden joins MSNBC’s Dylan Ratigan to discuss his refusal to sign the government’s 25-billion dollar settlement against ‘fraudclosure’ at the banks. ~ 4closureFraud.org Tweet
Meet the Obscure Federal Regulator Who’s Not Helping Homeowners
Meet the Obscure Federal Regulator Who’s Not Helping Homeowners by Cora Currier ProPublica 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 for homeowners … Read more
Abigail Field | No, the Latest Bailed-Out Bank Giveaway Won’t Help Housing
No, the Latest Bailed-Out Bank Giveaway Won’t Help Housing It’s incredibly important that you–voters–understand that you are being lied to right now by your Federal Government and Team Obama. Today a still secret deal will be announced and signed by the Bailed-Out Banks (B.O.B.s), our Federal Government, and an unknown but probably tragically high number … Read more
The Settlement Would Require Massachusetts, Nevada and Arizona, Which Have Sued Banks Involved in the Talks, to Settle those Cases
“The settlement, meanwhile, would also require Massachusetts, Nevada and Arizona, which have sued banks involved in the talks, to settle those cases, one of the people said. Nevada and Arizona each sued Charlotte, North Carolina-based Bank of America over mortgage-servicing practices, accusing it of misleading consumers, while Massachusetts sued all five banks that are part … Read more
David Dayen | CA AG Harris Could Enter Foreclosure Fraud Settlement Late
CA AG Harris Could Enter Foreclosure Fraud Settlement Late I want to circle back to today’s New York Times story on the looming foreclosure fraud settlement. With the return to talks of New York and California (though I don’t really think they were ever all that far away), we can infer that pretty much every … Read more
Conyers Encourages Michigan Attorney General to Reject Flawed Nationwide Mortgage Settlement
Conyers Encourages Michigan Attorney General to Reject Flawed Nationwide Mortgage Settlement (WASHINGTON) – Today, Representative John Conyers, Jr. (D-MI) sent a letter to Michigan Attorney General Bill Schutte encouraging him to reject a proposed nationwide settlement between state attorneys general and the Nation’s five largest banks concerning possible fraudulent mortgage origination and servicing practices detrimental … Read more
Question of the Week | Washington State AG Rob McKenna Explains Why He Supports the AG Settlement (VIDEO)
Rob answers a Question of the Week on the multi-state investigation of loan servicers: “There’s a big multi-state lawsuit against banks and loan servicers regarding mortgages and some states have pulled out of those negotiations. Why hasn’t Washington state?” To submit your own question, go to www.robmckenna.org/askrob ~ 4closureFraud.org Tweet
Harry’s Law | A Must View Video Clip – Civil Disobedience Isn’t Just a Right, It’s a Duty, Wake Up America!
A small clip from the latest episode of Harry’s Law. A women who lost her house due to the mortgage crisis, and her bank screwing her over with refusing to work something out, and makes a statement by robbing her bank. The DA wants to give her 20 years for stealing a relatively meager sum … Read more
In South Florida, Occupy Movement Targets Housing Crisis
In South Florida, Occupy movement targets housing crisis After months of noisy protests and public-space encampments, South Florida’s Occupy movement has quietly shifted its focus to “occupying” houses to support homeowners caught in the foreclosure crisis. The initiative represents a new tactic for Occupy groups in Fort Lauderdale, Palm Beach County and Miami that in … Read more
Abigail Field | Seeing Through Team Obama’s False Talking Points On the Latest Bank Giveaway
~ Seeing Through Team Obama’s False Talking Points On the Latest Bank Giveaway It’s incredibly important that you–voters–understand that you are being lied to right now by your Federal Government and Team Obama. Tomorrow a still secret deal will be announced and signed by the Bailed-Out Banks (B.O.B.s), our Federal Government, and an unknown but … Read more
Naked Capitalism | More on the Role of Second Liens and the Mortgage Settlement as Stealth Bank Bailout
More on the Role of Second Liens and the Mortgage Settlement as Stealth Bank Bailout Readers who missed the post over the weekend entitled “Schneiderman MERS Suit and HUD’s Donovan Remarks Confirm That Mortgage “Settlement” is a Stealth Bank Bailout” are advised to read it first, since it provides important background and context for this … Read more
David Dayen | HUD Secretary Expects “Substantial” Payment of Foreclosure Fraud Settlement with MBS Investor Money
HUD Secretary Expects “Substantial” Payment of Foreclosure Fraud Settlement with MBS Investor Money Housing and Urban Development Secretary Shaun Donovan mostly confirmed that private-label mortgage-backed securities investors, not banks or servicers, will end up shouldering the cost of much of the imminent foreclosure fraud settlement despite the risk of litigation from investors who are likely … Read more
Abigail Field | Will The Attorneys General Sell Out Pension Funds?
Will The Attorneys General Sell Out Pension Funds? A shocking aspect of the proposed foreclosure fraud settlement among Bailed-Out Banks, the state attorneys general, and the Feds has rightly gotten a lot of attention, namely the Bailed-Out Banks’ ability to use other people’s money to pay their “penalty.” I confess, when I first heard about … Read more
Kathleen Passidomo | RE HB 213 The Florida (un)Fair Foreclosure Act “The reality is the borrower borrowed something from someone, and didn’t pay his debt”
“The fact is foreclosure will happen anyway, no matter who holds the note, Passidomo said. The reality is the borrower borrowed something from someone, and didn’t pay his debt, she said.” ~ Florida bill seeks to hasten foreclosures Critics are opposing a bill they claim introduces nonjudicial foreclosures to Florida, favors banks and threatens homeowners’ … Read more
Ellen Brown | Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg
Why the AGs Must Not Settle: Robo-signing Is Just the Tip of the Iceberg A foreclosure settlement between five major banks guilty of “robo-signing” and the attorneys general of the 50 states is pending for Monday, February 6th; but it is still not clear if all the AGs will sign. California was to get over … Read more
