Attention All Homeowners Willing to Support Our Efforts to Defeat Bill 213
Attention all homeowners willing to support our efforts to defeat Bill 213, Get fraud out of the courts, expose securitization fail and demand banks show evidence that they are the owner and holder of the note. Mortgage Justice Group has formed a powerful group of homeowners to support each other and protect our rights in … Read more
Rally in Tally Feb 16th 2012 | Details For Trip to Tally For EAST COAST Bus Riders
Details For Trip to Tally For EAST COAST Bus Riders!! IMPORTANT DETAILS & REMINDERS FOR THE TRIP: PLEASE READ!! · 50% chance of rain on Thurs, bring umbrellas! · This is a FREE trip to Tallahassee, but it is customary to tip the driver for his time and effort getting us there on schedule. … Read more
The Florida Fair Foreclosure Act of 2012 & Our Rally in Tallly Feb 16th – What You Need to Know
FEBRUARY 16, 2012 / NATIONAL FORECLOSURE AWARENESS DAY Several Florida legislature bills, including HB 213 and the amended PCB, sponsored by Kathleen Passidomo backed by The Bankers Association, are attempting to make Florida a non-judicial state which would preclude homeowners from defending a foreclosure in order to “fast track” the foreclosure process, denying Floridians their … Read more
Herein Lie Links To The Last Lies | Is Foreclosure Settlement Déjà Vu All Over Again?
Is Foreclosure Settlement Déjà Vu All Over Again? To understand why, let’s flash back to 2008, the last time we saw a massive, multi-state settlement sponsored by the AGs. Back then, the target was Countrywide, and the lender was being sued from all sides by AGs over predatory lending practices. The proposed solution back then, … Read more
Federal Reserve Board Releases Orders Related to the Previously Announced Monetary Sanctions Against Five Banking Organizations
Federal Reserve Board releases orders related to the previously announced monetary sanctions against five banking organizations Release Date: February 13, 2012 For immediate release The Federal Reserve Board on Monday released the orders related to the previously announced monetary sanctions against five banking organizations for unsafe and unsound processes and practices in residential mortgage loan … Read more
Fraud Digest | Putting an End to MERS
Putting an End to MERS What has changed in the world of mortgage assignments since the FDIC/OCC/Treasury Consent Orders? When is a mortgage assignment actually an Affidavit posing as a mortgage assignment? When will all Recorders of Deeds file Declaratory Judgment actions seeking to enjoin the filing of mortgage assignments by document preparers: 1. that … Read more
Action Alert | Call the Washington State Senators and let them know that SB 6199 needs to be passed
Please call the Washington State Senators and let them know that SB 6199 needs to be passed as is. This bill will put a severe band-aid on a bad law regarding foreclosures in the state of Washington. Currently, all the banks needs to foreclose, is a bank document filed in any Trustee office claiming that … Read more
In The Red | Lender Processing Services (LPS) Posts Q4 Loss, Forecasts Q1 Below Street
LPS posts Q4 loss, forecasts Q1 below Street (Reuters) – Lender Processing Services (LPS.N) posted a quarterly loss on one-time charges and forecast first-quarter earnings below Wall Street expectations, sending its shares down about 4 percent in after-market trade. The mortgage servicing provider, which has been sued by the state of Nevada for allegedly engaging … Read more
From Across the Pond | America’s Homeless Resort to Tent Cities (BBC VIDEO)
America’s homeless resort to tent cities ‘We don’t have dinner at home’ Panorama’s Hilary Andersson comes face to face with the reality of poverty in America and finds that, for some, the last resort has become life in a tented encampment. Just off the side of a motorway on the fringes of the picturesque town … Read more
American Association of Mortgage Investors (AMI) Takes Position against Mortgage Servicing Settlement
AMI Takes Position against Mortgage Servicing Settlement In a strongly worded statement on behalf of the American Association of Mortgage Investors (AMI), Jonathan Lieberman, Managing Director of Angelo, Gordon & Company, criticized the recent settlement agreement over alleged mortgage servicing and foreclosure processing abuses. Lieberman, told the Association’s bondholders in a conference call that the … Read more
Mark Hansen | Foreclosures & REO RAISE House Prices, Economic Activity & Taxes (WTF?)
Foreclosures & REO RAISE House Prices, Economic Activity & Taxes. How did Everybody get Brainwashed to think otherwise? The entire world is now brainwashed to think foreclosures are a bad thing for the housing market. Perhaps four years ago when a million loans all went into default & Foreclosure at the same time but not … Read more
Pirelli Armstrong Tire Corporation Retiree Medical Trust v. John G. Stumpf | Wells Fargo Directors Must Face Investors’ Foreclosure Disclosure Claims
Wells Fargo Directors Must Face Investors’ Foreclosure Disclosure Claims Directors of Wells Fargo & Co., the largest U.S. mortgage lender, must face investors’ claims the bank failed to properly disclose details of its foreclosure practices to government investigators, a judge ruled. U.S. District Judge Susan Illston in San Francisco rejected Wells Fargo’s request to dismiss … Read more
Chris Hayes w/ Beau Biden | Is $25 Billion Mortgage Settlement Large Enough? (VIDEO)
In partnering with attorneys general from states across the country, the Obama Administration has brokered a $25 billion mortgage settlement deal set to relieve distressed homeowners fighting foreclosure and to target fraud. The Up panel, joined by Delaware Attorney General Beau Biden, explains the details of the deal. ~ 4closureFraud.org Tweet
National Foreclosure Settlement | Confidential Federal-State Draft of The Servicing Standards Settlement Term Sheet
The 42-page servicing standards “term sheet” lists various requirements for banks’ documents used in foreclosure and bankruptcy proceedings; documentation of borrowers’ account balances; and ensuring integrity of the chain of title. It also includes requirements around how borrowers must be treated when they’re being evaluated for a modification or short sale, as well standards around … Read more
National Foreclosure Settlement | Confidential Federal-State Draft of Credit Menu
Complex formulas spell out exactly how much credit banks will receive for that aid. For example, every $1 of principal write-downs earns $1 of credit on loans that they own. However, they receive less credit for writing down second-lien mortgages that are severely delinquent. ~ 4closureFraud.org Tweet
National Foreclosure Settlement | Confidential Federal-State Draft of General Framework for Consumer Relief Provisions
A 12-page document outlines how banks have to satisfy the $20 billion portion of the deal that requires them to help homeowners. At least half of that portion must go towards writing down loan balances for homeowners that are at risk of foreclosure. Another $3 billion must be used to help homeowners who owe more … Read more
WSJ | What’s Inside the $25 Billion Mortgage Settlement: An Early Look
What’s Inside the $25 Billion Mortgage Settlement: An Early Look Federal and state officials haven’t made public the $25 billion settlement agreement that they reached with five large banks. As the Journal noted, the exact wording was still being finalized even as officials announced the deal on Thursday morning. Officials said the final agreement would … Read more
EXECUTIVE SUMMARY OF MULTISTATE/ FEDERAL SETTLEMENT OF FORECLOSURE MISCONDUCT CLAIMS
~ 4closureFraud.org Tweet
