You’re Fired! | Foreclosure Firm Elizabeth R. Wellborn P.A. Terminates 14 Employees Over “Protest”
14 fired at law firm for wearing orange shirts, workers report Were they wearing orange shirts on Friday to protest management? Or to get psyched for happy hour? Either way, orange-shirted workers no longer have jobs at the Deerfield Beach law firm of Elizabeth R. Wellborn P.A. A spokeswoman said the law firm had “no … Read more
FHFA | Foreclosure Prevention & Refinance Report Fourth Quarter 2011
Year-old loan delinquencies in Florida outnumber total bad loans in all states but Calif. The Federal Housing Finance Agency released a new report today that measures foreclosure prevention and refinance efforts nationwide and by individual state. But the 54-page report also looks at how long late loans have been delinquent, highlighting Florida for its bad … Read more
New Jersey | Housing, Banking Advocates Hail Bill to Speed Foreclosures of Abandoned Homes
Housing, banking advocates hail measure to speed foreclosures of abandoned homes A piece of state legislation that looks to turn foreclosed homes into affordable housing also contains a little-noted provision that banking and housing experts say would provide an important step to unclogging the bottleneck holding back the state’s housing recovery. A bill introduced last … Read more
Army Staff Sergeant Robert Bales, the soldier accused of killing at least 16 civilians was facing foreclosure
The Bales owed $15,644.19 on the house plus $1,333.46 in trustee’s fees, according to the auction notice. The auction subsequently was canceled without explanation. A Bank of America filing in King County, in August 2011 said the couple was $16,978 in arrears on the rental property. The house sits vacant and banned for occupancy by … Read more
House Oversight Committee | Failure to Recover: The State of Housing Markets, Mortgage Servicing Practices, and Foreclosures
Failure to Recover: The State of Housing Markets, Mortgage Servicing Practices, and Foreclosures March 19, 2012 Chairman’s Preview Statement Field Hearing: Brooklyn Borough Hall, located at 209 Joralemon Street, Brooklyn, NY Witnesses Panel 1 Mr. Morris Morgan (testimony) Deputy Comptroller for Large Bank Supervision Office of the Comptroller of the Currency ~ Ms. Suzanne G. … Read more
ProPublica | Breaking Down the Mortgage Settlement: How Far Does $26 Billion Go?
Breaking Down the Mortgage Settlement: How Far Does $26 Billion Go? by Cora Currier ProPublica The big bank settlement over mortgage servicing abuses was finalized last week, detailing at last the agreement’s actual terms. Bank of America, Citigroup, Ally Financial (formerly GMAC), and JP Morgan Chase are together on the hook for billions, which will … Read more
Matt Taibbi | Another Hidden Bailout: Helping Wall Street Collect Your Rent
Matt Taibbi | Another Hidden Bailout: Helping Wall Street Collect Your Rent Here’s yet another form of hidden bailout the federal government doles out to our big banks, without the public having much of a clue. This is from the WSJ this morning: Some of the biggest names on Wall Street are lining up to … Read more
Roseanne Confronts Her State Representative On Big Business, Politics, Unemployment & Foreclosure (VIDEO)
~ 4closureFraud.org Tweet
OCC Deputy Comptroller Testifies on Foreclosure Fraud Enforcement Orders
OCC Deputy Comptroller Testifies on Foreclosure Enforcement Orders BROOKLYN — Deputy Comptroller for Large Bank Supervision Morris Morgan testified today about the OCC’s comprehensive enforcement orders regarding mortgage servicing and foreclosure deficiencies before the House Committee on Oversight and Government Reform. Morris Morgan Large Bank Deputy Comptroller Morris Morgan is a Large Bank Deputy Comptroller … Read more
California | Foreclosure Lawsuit to get Another Chance – Is it Important Who Forecloses?
Foreclosure lawsuit to get another chance Michael Boyter walked out of San Francisco’s federal courthouse Friday encouraged that a judge had left the door open for him to continue a legal battle against the foreclosure of his Bethel Island home. “I have a chance to keep fighting,” he said in a heavy downpour. “Not only … Read more
Abigail Field | Turns out the Mortgage Deal Is Still Not Done
Turns out the Mortgage Deal Is Still Not Done Q: When is a deal not a deal? A: When the deal documents punt on contentious issues, merely agreeing to agree later. Sadly, that’s what this “deal” does. This “deal” is a hybrid contract and term sheet, with all the crucial, operational aspects of compliance unresolved. … Read more
Palm Beach Post | Clerk of Courts Sharon Bock has Drawn a Democratic Primary Challenge from Foreclosure-Fighting Activist Lisa Epstein
Elsewhere: – Clerk of Courts Sharon Bock has drawn a Democratic primary challenge from foreclosure-fighting activist Lisa Epstein, who has attracted a national following for exposing suspicious foreclosure paperwork from lending institutions. Epstein wants the clerk’s office to help crack down on fraud, starting with an audit of real estate documents filed in Palm Beach … Read more
