Holy Crap | Game Over – The Mother Of All Infographics: Visualizing America’s Derivatives Universe
Derivatives: The Unregulated Global Casino for Banks SHORT STORY: Pick something of value, make bets on the future value of “something”, add contract & you have a derivative. Banks make massive profits on derivatives, and when the bubble bursts chances are the tax payer will end up with the bill. LONG STORY: A derivative is … Read more
Save the Date | Please Join Us For Lisa Epstein’s Campaign Kickoff Event for Clerk of Court in Palm Beach April 24th
Please Join Us For Lisa Epstein’s Campaign Kickoff Event for Clerk of Court in Palm Beach Tues April 24th Dear Friends, As many of you know, I am running for Clerk of Court, Palm Beach County, Florida. The primary election is August 14th. One of the main duties and functions of Florida’s Clerks of Court … Read more
Brookings Institution | 2.3 Million Children have Already Lost their Homes to Foreclosure, 6 Million More at Serious Risk
The Ongoing Impact of Foreclosures on Children Five years into the foreclosure crisis, many American families with children continue to lose their homes through foreclosure. An estimated 2.3 million children in single-family homes have already lost their homes to foreclosure, and even more – 3.0 million children – are at serious risk of losing their … Read more
National Notary Association | Foreclosure Fraud, Robo-signing Crisis Highlights Need For Legal, Trusted, Ethical Notarizations
Secretaries of State to Address Notary Compliance, Liability, Consumer Protection Following National Mortgage Settlement Distinguished State Leaders Will Convene Keynote Panel at the National Notary Association’s 2012 Conference in San Diego LOS ANGELES, Apr 18, 2012 (BUSINESS WIRE) — With the foreclosure ‘robo-signing’ crisis and the National Mortgage Settlement sending shockwaves through America’s mortgage industry, … Read more
TransUnion Study | Sample of 4 million consumers reveals 39.1% were delinquent on a mortgage
TransUnion Payment Hierarchy Study Finds Consumers Paying Auto Loans Before Credit Cards and Mortgages The TransUnion analysis looked at a sample of approximately 4 million consumers in each quarter of 2011 that had at least one open auto loan and one open bankcard and one open mortgage. The study found in each quarter that there … Read more
Comptroller Charged With Stealing Over $30 Million in Public Funds
“Since 2006, Crundwell allegedly use $30,236,503 in city funds for her own use, the complaint said. Her purchases included: including a 2009 Liberty Coach Motor Home for $2,108,000, a 2009 Kenworth T800 Tractor Truck for $146,787, a 2009 Freightliner Truck for $140,000, a 2009 Chevrolet Silverado pickup truck for $56,646, and a 2009 Featherlite Horse … Read more
New Maryland Laws Affecting Property Tax Credits, Foreclosures, Ground Rent (and possibly you)
New Md. laws affecting property tax credits, foreclosures, ground rent (and possibly you) A grab bag of housing-related legislation passed in the Maryland General Assembly’s recently completed session. Here are the highlights: Homestead credit penalties (HB 1081): Authorizes local governments to hit people with bigger penalties if they are found to be receiving a Homestead … Read more
A Must Read Fraudclosure Story | MSNBC – Inside the Wells Fargo Foreclosure Factory: Pushing the Files
“Last year, Wells Fargo earned $3.3 billion in profits from its mortgage servicing business, or about 20 percent of the bank’s total net income, according to its annual report.” ~ Inside the foreclosure factory: Pushing the files In a quiet office in downtown Charlotte, N.C., dozens of Wells Fargo’s foreclosure foot soldiers sit in cubicles … Read more
