The Sophisticated and The Scammed III, Monthly Servicing Fees | How Much of a Monthly Mortgage Payment Pays for Servicer Abuse?
The Sophisticated and The Scammed III, Monthly Servicing Fees Part I here Part II here Trying to figure this out. If any readers have insight into these very high servicing fees, please chime in. At the very minimum, wouldn’t it have been a good idea for the settlement to include a two year servicing fee … Read more
RICHARD F. DAVET v. PAUL J. MIKHLI, et al | Ohio Courts’ Reluctance to Admit Fraud Causes 16 Years of Foreclosure Litigation
Ohio Courts’ Reluctance to Admit Fraud Causes 16 years of Foreclosure Litigation Jack Wright – MSFraud.org February 23, 2012 PDF Version CLEVELAND – This week, Ohio’s 8th District Court of Appeals heard oral arguments in what must be one of the most disturbing foreclosure cases in the nation’s history. It is the case of Richard … Read more
The Sophisticated and The Scammed II – Non-Existent Assets Kept on the Books of an MBS (MSML 2006-6AR)
The Sophisticated and The Scammed II A Few Months Here. A Few Months There. For Part I of this series see The Sophisticated and The Scammed I here A few examples from Morgan Stanley Mortgage Loan Trust Pass-Through Certificates Series 2006-6AR (MSML 2006-6AR) – examples from American Home Mortgage Servicing & Wells Fargo as servicers. … Read more
For Mortgage Lenders, Refusal to Follow the New Jersey Fair Foreclosure Act Began on Day One
For Mortgage Lenders, Refusal to Follow the New Jersey Fair Foreclosure Act Began on Day 1 By Adam Deutsch, Associate Attorney, Denbeaux & Denbeaux, Attorneys at Law, Westwood, NJ Nearly seventeen years after being signed into law by former New Jersey Governor Christie Whitman, the Fair Foreclosure Act has become the focal point of the … Read more
Eaton – Dividing the Mortgage Loan and Affirming the Consequent
This article was originally published on 10/11/11. ~ Eaton – Dividing the Mortgage Loan and Affirming the Consequent Written by Gregory M. Lemelson Background: A post Ibanez world In January the Massachusetts supreme judicial court held in US Bank National Association vs. Antonio Ibanez that a note holder may not foreclose on a property in … Read more
Mass Court May Rule on Retroactivity of some Foreclosures Tied to ‘Naked Mortgages’
Mass Court May Rule on Retroactivity of some Foreclosures Tied to ‘Naked Mortgages’ Another next major marker in the convoluted foreclosure landscape will probably come in the next few weeks when the Massachusetts Supreme Judicial Court (SJC) is expected to rule on Eaton v. Federal National Mortgage Association (Fannie Mae). This is another in a … Read more
Replay of House Judiciary Committee Meeting RE HB 213 Florida’s Foreclosure Act (VIDEO)
If interested in watching the “debate” on the foreclosure bill go here… It is only a few short minutes at the very end of a four hour session. Starts at the 229:20 min mark. ~ 4closureFraud.org Tweet
Matt Weidner | Amerika, Land of Invisible Victims
Amerika, Land of Invisible Victims America, land of millions of invisible victims Earlier today, I tuned in to watch the Florida House of Representative Judiciary Committee pass over changes to Florida’s foreclosure laws. I was going to write, “watch the Florida House debate changes” but there really was no debate at all, this was more … Read more
Janet Tavakoli – MUST SEE Internet TV Who Do We Blame?
~ 4closureFraud.org Tweet
Bank of (sc)America Plays Symbolism
The Market Ticker – Bank Of (sc)America Plays Symbolism This is truly an amusing start to my Friday… Bank of America Corp., the second-largest U.S. lender by assets, will stop selling new home loans to Fannie Mae after a dispute over faulty mortgages. Starting this month, the Charlotte, North Carolina-based company will deliver only loan … Read more
BofA Halts Routing New Mortgages to Fannie Mae
BofA Halts Routing New Mortgages to Fannie Mae Bank of America Corp., the second- biggest U.S. lender by assets, is stopping the sale of new home loans to government-owned Fannie Mae as a dispute over who should bear the costs for defective mortgages escalates. The bank is cutting off Fannie Mae from loans starting this … Read more
Rep. Deutch Urges Attorney General Pam Bondi to Use Mortgage Settlement Money on Helping Struggling Homeowners
Rep. Deutch Urges Attorney General Pam Bondi to Use Mortgage Settlement Money on Helping Struggling Homeowners Washington, Feb 22 – Today, U.S. Reps. Ted Deutch (FL-19), Corrine Brown (FL-3), Alcee L. Hastings (FL-13), Richard Nugent (FL-5), Debbie Wasserman Schultz (FL-20), and Frederica Wilson (FL-17) sent a letter to Florida Attorney General Pam Bondi urging her … Read more
Mark Stopa | Return of Original Note/Mortgage – After a Settlement
“My concern is far greater than this one case. I’ve seen this issue far too often, and I see it as an industry-wide problem. Any time there’s a short sale or deed in lieu with a deficiency waiver, there should be no need for the original Note and Mortgage to be returned to the Plaintiff, … Read more
$80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets
$80.35 Million in Foreclosure Fraud Settlement Funds Now Getting Redirected to State Budgets By: David Dayen I’m trying to keep a running tally of the direct funds to states from the foreclosure fraud settlement that will get diverted to General Funds to fill budget holes. When we last left this story, Maine had decided to … Read more
NPR | Banklords – With Banks As Landlords, Some Tenants Neglected
With Banks As Landlords, Some Tenants Neglected LISTEN NOW Jimenez doesn’t know that Deutsche Bank actually isn’t his landlord. It’s the trustee representing a pool of investor-owners. JPMorgan Chase, the loan servicer, handles maintenance and tenants. Jimenez has never spoken with bank employees. He and JPMorgan Chase disagree about why repairs haven’t happened, and why … Read more
Homeowners Who Negotiate Debt Relief Could Soon Face Massive Tax Bill
Homeowners Who Negotiate Debt Relief Could Soon Face Massive Tax Bill by Lois Beckett 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 … Read more
