Federal Reserve Releases Action Plans/Engagement Letters Per Consent Orders
Federal Reserve releases action plans/engagement letters per consent orders For immediate release The Federal Reserve Board on Monday released action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing. It also released engagement letters between supervised financial institutions and independent consultants retained by the firms to review foreclosures … Read more
The Pino Appeal And The Title Industry – Will The Supreme Court Take The Red Pill or The Blue Pill?
RED PILL/BLUE PILL SCENE (Play this first) ~ The Pino Appeal And The Title Industry – Will The Supreme Court Take The Red Pill or The Blue Pill? Author: Matthew D. Weidner, Esq. As I read through the brief submitted by the title industry in the Pino appeal, now pending before the Florida Supreme Court, … Read more
What Do Republican Presidential Candidates Say on Foreclosure Crisis? Not Much.
What Do Republican Presidential Candidates Say on Foreclosure Crisis? Not Much. 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
ROFL! Buffett Calls Banks “Victims” of Evicted Homeowners
The Market Ticker – ROFL! Buffett Calls Banks “Victims” Now this is one of those moments…. “Large numbers of people who have ‘lost’ their house through foreclosure have actually realized a profit because they carried out refinancings earlier that gave them cash in excess of their cost,” Buffett, chairman and chief executive officer of Berkshire … Read more
Kamala Harris Wants Fannie Mae, Freddie Mac to ‘Pause’ Foreclosures
Harris Wants Fannie Mae, Freddie Mac to ‘Pause’ Foreclosures The two companies own more than 60 percent of California mortgages Attorney General Kamala Harris wants Fannie Mae and Freddie Mac to place “a good faith pause on foreclosure sales in California” until the federal government completes “a thorough, transparent analysis” of the possibility of writing … Read more
Matt Weidner | Amerika, Why Can’t We Jail Bankers?
Amerika, Why Can’t We Jail Bankers? We’re coming up on four years since the financial crisis of 2008 nearly took this nation over the edge. But just as the jalopy called our nation’s financial system started to fly off into the abyss, the banker elites and their hand-picked handmaidens at all levels of government stepped … Read more
Abigail Field | Insider Says Promontory’s OCC Foreclosure Reviews for Wells are Frauds. Brought to You by HUD Sec. Donovan By Abigail Field, a freelance writer and attorney who blogs at Reality Check
Abigail Field: Insider Says Promontory’s OCC Foreclosure Reviews for Wells are Frauds. Brought to You by HUD Sec. Donovan By Abigail Field, a freelance writer and attorney who blogs at Reality Check U.S. Housing Secretary Shaun Donovan has embarrassed himself yet again. This time, though, he’s gone in for total humiliation. See, he praised the … Read more
Lee Camp on the Settlement | Oh My Gawd! Fun With Big Bank Fraud!
Explicit Language So Viewer Discretion Advised Recently the states agreed to a deal with attorney general to settle with the big banks for $25 billion. So millions of homeowners had their homes stolen, but they get a whopping $2,000 in return! Talk about a sweet deal… [LeeCamp.net] ~ 4closureFraud.org Tweet
Mandelman | Insider Says Wells Fargo’s Independent Foreclosure Review for OCC is “a Sham”
I got an email the other night from one of my readers. It said… “I was hired as one of those “Independent File Review Specialist” at a company called Promontory working on Wells Fargo Bank. I have 15 years industry experience in all facets of the mortgage & title industry, and just needed a … Read more
Foreclosure Settlement a Failure of Law, a Triumph for Bank Attorneys
The Robosigning Deal is a Useless Embarrassment By Barry Ritholtz, Published: February 25 After many months of wrangling, a foreclosure settlement has been reached between 49 state attorneys general and a consortium of banks. It is an epic failure of law and a triumph for bank attorneys. It will accomplish little of value, as I’ll … Read more
Last Chance to Stop SB 1890 The Florida (UN)Fair Foreclosure Bill Before the Final Vote
Last Chance to Stop the (UN)Fair Foreclosure Bill Before the Final Vote The Senate version of the (UN)Fair Foreclosure Bill, CS/SB 1890, goes to the very bank-friendly Senate Banking and Insurance Committee on Monday 2/27 at 4:45pm. This is the last stop before the full vote. The bill will shift the burden of proof from … Read more
Analysis of Sen. Hayes’s and Sen. Richter’s Amendments to CS/SB 1890
Analysis of Sen. Hayes’s and Sen. Richter’s Amendments to CS/SB 1890 Currently there are competing amendments to CS/SB 1890. They are identical in all respects, except Sen. Richter’s amendment would add Finality of Judgment. Below is an analysis encompassing both versions. Both amendments to CS/SB 1890 streamline the foreclosure process. Issues remain as to both … Read more
Re: SB1890, Banking and Insurance Committee Meeting on Monday, February 27, 2012
Re: SB1890, Banking and Insurance Committee meeting on Monday, February 27, 2012 The text below and the attached documents have been sent to each member of the Senate in advance of the Banking and Insurance Committee meeting on Monday, February 27 at 4:45pm. A separate and more detailed email has been forwarded to Senate President … Read more
Analysis of SB 1890 Florida’s Foreclosure Act from Henry Trawick – IT’S SPOT ON FANTASTIC!
Henry Trawick Trawick is in private practice in Sarasota, Fla. He has been an attorney for more than 50 years and specializes in litigation and probate matters. His respected treatises cover Florida practice and procedure and the law of wills and estates. Trawick’s books are widely used by Florida lawyers and judges, and over the … Read more
Donovan: The Foreclosure Fraud Settlement Is Strong Because of the OCC Settlement
Donovan: The Foreclosure Fraud Settlement Is Strong Because of the OCC Settlement I’ve been amused by the consistent pushback from HUD’s Shaun Donovan, who has made himself into a leading figure just by his ubiquitousness, as it relates to the foreclosure fraud settlement. Donovan has been the point person to rebut criticism of the settlement, … Read more
Banks Colluding with Insurers to Rip Off Homeowners, Lawsuit Alleges
Banks Colluding with Insurers to Rip Off Homeowners, Lawsuit Alleges by Cora Currier ProPublica A class-action lawsuit in Florida that moved forward this week highlights a little-appreciated aspect of the housing market 2014 the cozy relationship between banks and insurance companies that often results in overpriced home insurance for already struggling borrowers. As American Banker … Read more
Action Alert | Vote on SB1890 Florida’s Foreclosure Act Tonight! Please Call and Email Reps Now!
The Florida House and the Florida Senate will both take up versions of the foreclosure “reform” legislation that is currently snaking its way through the Capitol. For those of you that will be contacting your elected leaders, the only question you need to ask them is: “Before you vote on this foreclosure bill, have you … Read more
