Rep Darren Soto Voices Concerns Regarding The Florida (un)Fair Foreclosure Act HB 213 (VIDEO)
Soto Voices Concerns Regarding Foreclosure Legislation State Representatives Darren Soto along with concerned legislators and members of the community gathered outside the House chambers at the State Capitol today for a press conference to announce their concerns regarding CS/B 213. If passed, the bill would weaken homeowners’ rights. The bill would reduce the burden of … Read more
Muselman v. Deutsche Bank, U.S. Bankruptcy Court | A Valentine from Chief United States Bankruptcy Judge Karen S. Jennemann on Feburary 14, 2012
A Valentine from Chief United States Bankruptcy Judge Karen S. Jennemann on Feburary 14, 2012 The Court cannot avoid suspecting that the second allonge indeed was created solely to rebut the trustee‘s assertions in this litigation and did not previously exist. If so, the Court suggests Deutsche and Ms. Faber individually consider the possible consequences … Read more
Mark Stopa | Plaintiff as Servicer? I Think Not.
Plaintiff as Servicer? I Think Not. I observed a foreclosure trial today, and one aspect of it in particular really bothered me. The plaintiff prosecuting the case was not the owner of the Note, but merely the servicer. Many judges and, of course, plaintiffs’ attorneys, seem to think this is fine, arguing the servicer can … Read more
Nobody Committed Any Crimes (Except Fraud!)
The Market Ticker – Nobody Committed Any Crimes (Except Fraud!) First, MBIA says it has evidence of “widespread mortgage-origination fraud” at Countrywide: Feb 16 (Reuters) – MBIA Inc claimed it has new evidence of “widespread mortgage-origination fraud” at Bank of America Corp’s Countrywide unit, hoping to bolster its $1.4 billion lawsuit accusing that unit of … Read more
Quelle Surprise! Taxpayers Will Be Paying for Part of Mortgage Settlement
Quelle Surprise! Taxpayers Will Be Paying for Part of Mortgage Settlement The whole purpose of a settlement is that a party pays damages to rid themselves of liability, and the amount they pay (and “pay” can include the cost of reforming their conduct) is less than what they expect to suffer if they were sued … Read more
MBIA Tells Judge of Newly Uncovered Countrywide Fraud Database
MBIA tells judge of newly uncovered Countrywide fraud database I sure hope the Securities and Exchange Commission and other members of the new joint mortgage-backed securities task force are paying attention to the docket in MBIA’s New York State Supreme Court fraud and breach-of-contract suit against Countrywide. On Wednesday, MBIA’s lawyers at Quinn Emanuel Urquhart … Read more
Office of the Comptroller of the Currency (OCC) Newsletter | Ending Homelessness: Financing Permanent Supportive Housing
OCC Newsletter Focuses on Bank Financing for Homeless Housing Facilities WASHINGTON — The Office of the Comptroller of the Currency (OCC) today published the latest edition of its Community Developments Investments electronic newsletter, titled “Ending Homelessness: Financing Permanent Supportive Housing,” which provides an in-depth look at bank financing for permanent supportive housing for the homeless. The … Read more
Adam Levitin | Why No Investigation?
Why No Investigation? Here’s a bombshell: the San Francisco City Assessor commissioned a serious audit of foreclosure documentation filed in the past few years. The audit examined 400 foreclosures. It found problems with 85% of them, often multiple problems. What’s more, some of the problems are pretty serious as they implicate not only borrowers’ rights, … Read more
Attorney General (Not Pam Bondi) Returns $14K in Campaign Donations from Fraudclosure Firm (NOT LPS) Northwest Trustee Services
McKenna returns $14K from foreclosure trustee firm OLYMPIA, Wash. (AP) — Republican gubernatorial candidate and state Attorney General Rob McKenna has returned nearly $14,000 in donations from people tied to a firm that helps mediate foreclosures. McKenna’s office had put the company, Northwest Trustee Services, Inc., on notice in 2010 that they could face investigation, … Read more
REPORT | FORECLOSURE IN CALIFORNIA A CRISIS OF COMPLIANCE
~ 4closureFraud.org Tweet
California Audit Finds Broad Irregularities in Foreclosures, 84 Percent of the Files Contained what Appear to be Clear Violations of Law
Audit Uncovers Extensive Flaws in Foreclosures By GRETCHEN MORGENSON An audit by San Francisco county officials of about 400 recent foreclosures there determined that almost all involved either legal violations or suspicious documentation, according to a report released Wednesday. Anecdotal evidence indicating foreclosure abuse has been plentiful since the mortgage boom turned to bust in … Read more
The Best, Most Revealing Reporting on the Foreclosure Crisis
The Best, Most Revealing Reporting on the Foreclosure Crisis by Blair Hickman 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
How Citibank Dumped Lousy Mortgages on the Government
How Citibank Dumped Lousy Mortgages on the Government by Cora Currier ProPublica Citigroup agreed yesterday to pay $158 million to settle a lawsuit over bad loans that the bank passed on to the Federal Housing Administration to insure. The whistle-blower who originally brought the case, Sherry Hunt, an employee of Citi’s mortgage department, said the … Read more
Video of Lisa Epstein from Foreclosure Hamlet Speaking at Our 3rd Annual Fraudclosure Awareness Rally in Tally 2012
“Shame on you!” Lisa Epstein from Foreclosure Hamlet speaks at the 3rd Annual Fraudclosure Awareness Rally in Tally. The Judicial Committee was scheduled to hear public commentary and debate on the shameful HB 213, but removed it from the agenda when the public showed up to comment. The beginning of the event that leads up … Read more
Video of Our 2012 Rally in Tally Kick-Off with Maia Shaffer of the Mortgage Justice Group, Florida State Rep Darren Soto, and Attorney Matt Weidner
The 3rd Annual Fraudclosure Awareness Rally in Tally kicks off on the steps of the State Capital with Maia Shaffer of the Mortgage Justice Group introducing Florida State Representative Darren Soto and attorney Matt Weidner. 2/16/12 Thank you all for a great event! Lisa Epstein’s speech can be see here… ~ 4closureFraud.org Tweet
Florida has One-Fourth of Nation’s Foreclosures and Kathleen Passidomo Says Throw Them Out!
According to a report Thursday by the Mortgage Bankers Association, Florida carried 24.2 percent of the foreclosures nationwide, up a percentage point from the end of 2010, while California’s foreclosure share dropped nearly 3 percentage points to 10.2 percent. ~ Florida has one-fourth of nation’s foreclosures The fight to streamline Florida’s foreclosure system and more … Read more
With Lawsuit Looming, Passidomo, Legislators Pass Bill Granting Immunity
Yesterday while at the capital to discuss the Florida Fair Foreclosure act with legislatures, we sat in the judiciary committee hearing, where the foreclosure bill was suppose to be heard, but instead we got to listen to why these thugs thought they deserved immunity for what they do as politicians. It was disgusting to say … Read more
Florida (un)Fair Foreclosure Act HB 213 | Fox Orlando Video – Group Protesting Foreclosure Bill Heads to Tallahassee
Group protesting foreclosure bill: MyFoxORLANDO.com ORLANDO, Fla. (WOFL FOX 35) – Foreclosures appear to be picking up. The listing firm RealtyTrac says foreclosures rose from December to January, but they were down last month compared to a year earlier. And in some states the foreclosure rate has jumped over the past year – up 75 … Read more
Florida (un)Fair Foreclosure Act HB 213 | Protesters Rally Against Foreclosure Bill
Protesters rally against foreclosure bill Unemployed Sarasota construction worker Woody Ryan has been fighting foreclosure on his house for nearly four years, arguing the bank never presented proper documentation. The experience led Ryan to get involved with groups that advocate for homeowners in the foreclosure process, and brought the 65-year-old to Tallahassee Thursday with nearly … Read more
Florida (un)Fair Foreclosure Act | Protesters Picket Passidomo’s Foreclosure Bill HB 213
“They say, ‘You’re taking away our constitutional right,’” she said. “First of all it’s a contractual right…” Darren Soto, D-Orlando, told a group of protesters from across the state that he believed their presence was the reason Naples Rep. Kathleen Passidomo’s foreclosure bill did not reach a committee agenda Thursday. Someone erected an Occupy tent … Read more
