Action Alert | Attorney General Pam Bondi Seeks Public Input on Distribution of $300 Million in Fraudclosure Settlement Funds for Housing-Related Programs

I know what not to do with the money… Use it as restitution to Lender Processing Services! ~ Attorney General Pam Bondi Seeks Public Input on Distribution of $300 Million in Settlement Funds for Housing-Related Programs TALLAHASSEE, Fla.—Attorney General Pam Bondi invites the public to make suggestions on how best to distribute approximately $300 million … Read more

Abigail Field | Bankers Are Still Wrecking Housing Market Fundamentals

Bankers Are Still Wrecking Housing Market Fundamentals Regardless of the recent bullish stories on the housing market (examples here, here, here and here), housing market fundamentals are lousy. Demand in the last decade was wildly distorted by banker abandonment of underwriting and appraisals. Now bankers are worsening the crash they created. As a result, prices … Read more

Florida Statute 817.54 | Obtaining of Mortgage, Mortgage Note, Promissory Note, etc., by False Representation

Just finished reading the Kentucky complaint against MERS et al and I found this excerpt very interesting… Kentucky’s public policy for accurate, transparent, and current land records makes it a criminal offense to file records that are forged, are groundless or contain material misstatements. Kentucky law further provides that instruments missing complete and accurate information … Read more

Complaint | Boyd County v MERS – 14 Kentucky Counties Sue Mortgage Electronic Registration Systems

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF KENTUCKY AT ASHLAND BOYD COUNTY, ex rel Phillip Hedrick, County Attorney of Boyd County, Kentucky, BREATHITT COUNTY, ex rel Brendon Miller, County Attorney of Breathitt County, Kentucky, CARTER COUNTY, ex rel Patrick Flannery, County Attorney of Carter County, Kentucky, CHRISTIAN COUNTY, ex rel Michael Foster, County … Read more

Statement of John Griffith Policy Analyst | “Turning the Tide: Preventing More Foreclosures and Holding Wrong-Doers Accountable”

Turning the Tide: Preventing More Foreclosures and Holding Wrong-Doers Accountable Testimony before the U.S. House of Representatives Congressional Progressive Caucus Good afternoon Co-Chairman Grijalva, Co-Chairman Ellison, and members of the caucus. I am John Griffith, an Economic Policy Analyst at the Center for American Progress Action Fund, where my work focuses on housing policy. It … Read more

Bill Black | Our System is So Flawed That Fraud is Mathematically Guaranteed (PODCAST)

Bill Black is a former bank regulator who played a central role in prosecuting the corruption responsible for the S&L crisis of the late 1980s. He is one of America’s top experts on financial fraud. And he laments that the US has descended into a type of crony capitalism that makes continued fraud a virtual … Read more

Bank of America Moves to Evict 90-Year-Old Woman by Breaking a Federal Law – The Protecting Tenants at Foreclosure Act

90-Year-Old Woman Fights Eviction On a typical morning, you can find Eve Ball outside her Porterville home, sitting on the porch, sipping coffee, listening to wind chimes. Eve Ball said, “It’s been my home ever since my husband past away.” That was 11 years ago. Her son Barry bought the home for her. Three years … Read more

14 Kentucky Counties Sue Mortgage Electronic Registration Systems (MERS) Over Mortgage-Recording Fees

14 Kentucky counties sue over mortgage-recording fee A mortgage-recording service and financial institutions have schemed to avoid paying Kentucky counties millions of dollars in fees, 14 counties contend in a federal lawsuit. In addition to depriving the counties of money, the conspiracy has shortchanged a fund used to make grants and loans for low-income housing, … Read more

Colorado Initiative 84 | Banking Groups Challenge Initiative that Would Require Lenders to Prove their Right to Foreclose

Banking groups challenge Colorado right-to-foreclose ballot initiative Two of Colorado’s largest banking associations are digging in for what could be a protracted battle against a ballot initiative that would require lenders to prove their right to foreclose on property. Currently, a bank can foreclose with just a lawyer’s signature without proof — such as a … Read more

Bank CEOs To Tell Fed Financial Regulation Is ‘Unrealistic’

Bank CEOs To Tell Fed Regulation Is ‘Unrealistic’: Report The banking industry is getting personal in its tireless fight against regulation. Jamie Dimon, chief executive of JPMorgan Chase and the industry’s regulation-basher in chief, has called for a sit-down next week between the heads of four of the nation’s biggest banks — JPMorgan, Goldman Sachs, … Read more

No Picketing | Woman w/ Cerebral Palsy, Fighting Foreclosure, Arrested in Appeal to Wells Fargo CFO

“The purpose of the ordinance is not to reduce picketing, but to protect the people who are the victims of picketing,” police Chief John Schaefer told the Times when it was passed. “We’re a prime target. We have a lot of people who fit the profile to be the victim of this type of crime.” … Read more

Abigail Field | Assessing Schneiderman’s Task Force Gamble

Assessing Schneiderman’s Task Force Gamble My latest for FireDogLake. For even more confirmation that the Feds aren’t interested in bank accountability, regardless of the State half of the task force’s intentions, see Congressman Brad Miller on why he’s not the task force Executive Director and Richard Eskow on the obviousness of the problem. As people … Read more