Lee Camp | How Much Is That Election In The Window? (VIDEO)
Explicit Language So Viewer Discretion Advised A small group of millionaires and billionaires got together last week and pledged $100 million to beat Obama. Thanks to the Citizens United decision they can do that now…. [Also get the Moment of Clarity BOOK at www.LeeCamp.net] ~ 4closureFraud.org Tweet
Pimco | $25 Billion Foreclosure Deal to Hit Pensions Harder Than Banks
Pimco | $25 Billion Foreclosure Deal to Hit Pensions Harder Than Banks The government’s deal with banks over their foreclosure practices after 16 months of investigations is cheap for the loan servicers while costly for bond investors including pension funds, according to Pacific Investment Management Co.’s Scott Simon. In what the U.S. called the largest … Read more
Manal Mehta | Why I Wouldn’t Invest in Banks: The Return of Exposure to Off Balance Sheet Securitizations
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Lender Processing Services (LPS) | Long Term Investor Files Lawsuit over Alleged Wrongdoing by Directors
Lender Processing Services, Inc. (NYSE: LPS) Long Term Investor Filed Lawsuit over Alleged Wrongdoing by Directors A lawsuit is pending by a current long term investor in shares of Lender Processing Services, Inc. (NYSE: LPS) over alleged breaches of fiduciary duties and other NYSE: LPS stockholders should contact the Shareholders Foundation. San Diego, CA — … Read more
Foreclosure Deal May Fund State Budget Deficits, Bulldozing of Homes
At least 100,000 homes need to be demolished, DeWine said, and he is establishing a program to match funds that cities and land banks allocate for tearing down houses. Using the settlement money for that purpose is appropriate because many homeowners are paying their mortgages and did nothing wrong, yet they face plummeting property values … Read more
Florida Homeowners Find Little to Cheer about RE Fraudclosure Settlement w/ “Gangsters”
Florida Homeowners Find Little to Cheer Florida (STOFL1), the U.S. state with the highest percentage of troubled mortgages, may collect almost one-quarter of the national $25 billion foreclosure settlement. For Cheryl Alexander, who had a court halt the forced sale of her home, that’s not enough. “We’re not sheep that can be led to the … Read more
Lanny Breuer, Eliot Spitzer, Mary Jo White, & Neil Barofsky | Crooks on the Loose? Did Felons Get a Free Pass in the Financial Crisis? (VIDEO)
More than three years after the one of the worst financial crises in U.S. history, the government has been severely criticized for its failure to criminally prosecute senior executives at the Wall Street banks that helped cause the meltdown. Have the feds been soft on banking execs? Are laws on the books inadequate for holding … Read more
Lender Processing Services | The Law Firm of Levi & Korsinsky LLP Launches an Investigation Into Possible Breaches of Fiduciary Duties by the Board of Directors
The Law Firm of Levi & Korsinsky LLP Launches an Investigation Into Possible Breaches of Fiduciary Duties by the Board of Directors of Lender Processing Services, Inc. NEW YORK, Feb 10, 2012 (BUSINESS WIRE) — Levi & Korsinsky announces an investigation of possible breaches of fiduciary duties by the Board of Directors and certain officers … Read more
Mark Stopa | Fraudclosure – The Wizard Behind the Curtain
The Wizard Behind the Curtain Through my experience litigating foreclosure cases, I’ve become convinced that the plaintiffs prosecuting foreclosure lawsuits often don’t even realize those lawsuits are pending. Let’s say that again: The Plaintiffs who have filed suit don’t even realize a lawsuit is pending. How can that be? Simple. Third-party servicers retain a foreclosure … Read more
Democracy Now | 50-State, $25B Mortgage Settlement: Relief for Struggling Homeowners or Bailout for Banks? (VIDEO)
democracynow.org – The U.S. Justice Department has unveiled a record mortgage settlement with the nation’s five largest banks to resolve claims over faulty foreclosures and mortgage practices that have indebted and displaced homeowners and sunk the nation’s economy. While the deal is being described as a $25 billion settlement, the banks will only have to … Read more
David Dayen | Foreclosure Fraud Settlement: “Making Banks Money”
Foreclosure Fraud Settlement: “Making Banks Money” I liked that NBC Nightly News used Yves Smith to describe the foreclosure fraud settlement last night. And she’s right that the ultimate penalty here is tiny for the banks compared to the damage done. Moreover, as Felix Salmon explains in a post actually claiming that the settlement is … Read more
Video | Matt Wediner on the Florida’s Unfair Foreclosure Act and Rally in Tally Thursday 2/16/12
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Matt Stoller | The Big Banks Win Again and Foreclosure Victims Get Little Help in Mortgage-Settlement
The big banks win again Foreclosure victims get little help in a mortgage-settlement plan that only benefits the banks’ bottom line On Thursday, a group of well-connected and powerful men announced that the federal government and state attorneys general had agreed to a multibillion-dollar settlement of claims relating to falsified foreclosure documents. The image of … Read more
Matt Weidner | RED ALERT! Florida unFair Foreclosure – This Is How They Steal Your Home
RED ALERT! Florida unFair Foreclosure – This Is How They Steal Your Home Here it is folks, the language that will be put into the bill this week that will allow the bank to use any trick they want to steal your home and never, ever fear because you could never, ever get your home … Read more
Suckers | Foreclosure Deal to Spur New Wave of U.S. Home Seizures
Foreclosure Deal to Spur New Wave of U.S. Home Seizures The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely. Lenders slowed the pace of foreclosures as they negotiated with attorneys general in … Read more
Florida’s Frankenstein Foreclosure Act, House Bill 213 and the 2/16 Rally in Tally
MAKE PLANS TO COME TO TALLAHASSEE NEXT THURSDAY 2/16/2012! Let’s be honest about what this legislation and all this effort is. The banksters, the document mills and the foreclosure firms have made an absolute disaster of their own files and our court system. Remember that, because the elected people in Tallahassee don’t seem to get … Read more
NY Times | Mortgage Settlement Leaves Much to Be Desired
The Deal Is Done, but Hold the Applause FIVE big banks finally reached a deal with government authorities last week over dubious mortgage practices and foreclosure abuses. After months of talks, Ally Financial, Bank of America, Citibank, JPMorgan Chase and Wells Fargo agreed to pay a total of $5 billion in cash to try to … Read more
Abigail Field | There’s NO DEAL Between the Banks, Feds and States, So the AGs May Still Walk
There’s NO DEAL Between the Banks, Feds and States, So the AGs May Still Walk I’m beginning to think that the last couple of days were April 1st in disguise. I mean, what a crazy practical joke our Federal Government and State AGs just tried to play! What a parade of press conferences, all touting … Read more
