Lee Camp | Obama Administration Changes The Definition Of Civilians (VIDEO)

Killing too many civilians? Just change the definition. It’s that easy. [more at LeeCamp.net] ~ 4closureFraud.org Tweet

Government (FHA) Foreclosures Jump 73 Percent in April

FHA Foreclosures Jump 73 Percent in April Foreclosure starts on loans backed by the Federal Housing Administration rose 73 percent between March and April, driven by defaults on mortgages issued in 2008 and 2009, according to a report today by mortgage data provider Lender Processing Services. The increase in FHA foreclosure actions came as overall … Read more

SUPREME COURT – STATE OF NEW YORK | DEUTSCHE BANK NATIONAL TRUST COMPANY vs VASQUEZ RE STANDING

DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE FOR THE REGISTERED HOLDERS OF MORGAN STANLEY ABS CAPITAL I INC. TRUST 2007-HE7 MORTGAGE PASS- THROUGH CERTIFICATES, SERIES 2007- HE7 Plaintiff (s) VS NELSON VASQUEZ, EDIS VASQUEZ, PETRO, INC., COMMISSIONERS OF THE STATE INSURACE FUN, “JOHN DOE #1″ through “JOHN DOE #12″ et al, Through a series of … Read more

KEITH JUROW | Prepare For The Coming Housing Collapse

Serious Mortgage Delinquencies – The Real Story We have been told that the rate of mortgage delinquencies has been declining over the last year. Let’s see. In the NYC metro area, the banks drastically cut back foreclosing on properties in the spring of 2009 and have never changed their policy. This has nothing to do … Read more

A Foreclosure Comedy | MERS, JPMORGAN, HOMECOMINGS vs BANK OF AMERICA, FLEET

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., and HOMECOMINGS FINANCIAL, LLC., Plaintiffs-Respondents, v. AMBOY NATIONAL BANK, n/k/a/ AMBOY BANK, MAGDY OMAR, and NASER BELOSA, Defendants, and BANK OF AMERICA, N.A., f/k/a FLEET BANK, Defendant-Appellant. In this appeal, we are required to determine whether a payee who rejects and returns a check to the payor has standing to … Read more

Must View Video | Capital Account – Exclusive Interview of Fired CBO Foreclosure Fraud Whistleblower Lan T Pham

Below is her full story Following the Wall Street Journal story, “Congress’s Number Cruncher Comes under Fire,” I realized that the true nature of the issues would not come out. Therefore, I am making public the letter that I wrote to Senator Grassley (Feb. 23, 2011) regarding circumstances that led to my firing after 2.5 … Read more

Delaware v MERSCORP | Delaware Struggles to Sustain its MERS Lawsuit

Delaware struggles to sustain its MERS lawsuit (Reuters) – Attorneys for the state of Delaware struggled at a court hearing on Wednesday to keep alive a closely watched lawsuit against MERS, the electronic mortgage registry accused of abuses in housing foreclosures. The state’s lawsuit, announced at press conference in October, is seen as a test … Read more

Advocates Applaud California Congressional Delegation’s Call for Investigation into FHFA’s Lobbying Efforts Against the Homeowner Bill of Rights

Advocates Applaud California Congressional Delegation’s Call for Investigation into FHFA’s Lobbying Efforts Against the Homeowner Bill of Rights May 30, 2012– Fourteen members of the California Congressional Delegation sent a letter to the Federal Housing Finance Agency blasting its involvement and opposition to key pieces of the Homeowner Bill of Rights package being considered in … Read more

The Bully Model of Consumer Finance and Litigation

The Bully Model of Consumer Finance and Litigation There’s a fearful symmetry in the consumer finance world. It’s a symmetry of bullies between overreaching financial institutions and plaintiff strike suits, as in both, litigation costs present a ceiling, under which there’s a license to overreach. What does a bully do? A bully looks and acts … Read more

Whistleblower Who Couldn’t Be Intimidated By Citigroup Wins $31 Million

Woman Who Couldn’t Be Intimidated by Citigroup Wins $31 Million Sherry Hunt never expected to be a senior manager at a Wall Street bank. She was a country girl, raised in rural Michigan by a dad who taught her to fish and a mom who showed her how to find wild mushrooms. She listened to … Read more

Mortgage Electronic Registration Systems (MERS) Wants Delaware Attorney General Biden’s “Absurd and Baseless” Lawsuit Dismissed

“The lawsuit also claims MERS’ conduct led to unlawful foreclosure practices, but MERS says the suit doesn’t cite a single instance in which a Delaware consumer not in default on a mortgage lost a home in foreclosure because of its actions.” ~ Mortgage registration company wants suit dismissed WILMINGTON, Del. (AP) – A company that … Read more

DealBook | Dim Prospects for Financial Crisis Prosecutions

Dim Prospects for Financial Crisis Prosecutions As has been noted many times, the lack of criminal prosecutions arising out of the financial crisis has been painfully obvious. And two items in the news last week underscores that the prospect for a signature case is growing even more distant. First, Reuters reported on Thursday that Securities … Read more

Wells Fargo to Pay Out $7.5 Million to End the Memphis-Shelby County Lending Discrimination Lawsuit

Wells Fargo to provide $7.5 million to end Memphis, Shelby County lawsuit Pledges another $400 million in loans Mortgage giant Wells Fargo will pay $7.5 million to end a lending discrimination lawsuit filed by Memphis and Shelby County, more than half the money going to down payment and home renovation assistance. Individuals who want to … Read more

A Monetary Policy for the 99%: Twelve-Year-Old Reformer Goes Viral (VIDEO)

The YouTube video of 12-year-old Victoria Grant speaking at the Public Banking in America conference last month has gone viral, topping a million views on various web sites. ~ A Monetary Policy for the 99%: Twelve-Year-Old Reformer Goes Viral After watching the video you can read more about the story below… Monetary reform – the … Read more

Two Bank of America Fraud Whistleblowers Settle Claims, Including Former LandSafe/Countrywide Employee Who Earned $14 Million Reward – BAC

Hagens Berman: Two Bank of America Fraud Whistleblowers Settle Claims, Including Former LandSafe/Countrywide Employee Who Earned $14 Million Reward — BAC SEATTLE, May 29, 2012 (GlobeNewswire via COMTEX) — Attorneys representing former home appraisal manager Kyle W. Lagow, who blew the whistle on widespread fraud at Countrywide Financial, today announced the final settlement of Mr. … Read more

George Mantor | A Tale of Two Countries – The Iceland/Ireland Conundrum

Image source: Cross Flagged Pins A Tale of Two Countries—The Iceland/Ireland Conundrum If you saw the recent headlines only every other day, you might come away with the impression that the US economy is improving, unemployment is abating, and real estate values are rising. It’s a big fat lie. The good news is only good … Read more

Off Topic, But… A New Lease on Life – Local (FL) Fifth-Grader Who Sustained Critical Brain Injuries (that killed one child) in School Bus Crash is Back (VIDEO)

Put this up to keep things in perspective. Remember, it’s only a house they are taking away from you. Stay strong and fight back. Never give up… ~ 4closureFraud.org Tweet

“Inside Job” Director Charles Ferguson: Wall Street Has Turned the U.S. Into a “Predatory Nation” (VIDEO)

DemocracyNow.org – Two years after directing the Academy Award-winning documentary, “Inside Job,” filmmaker Charles Ferguson returns with a new book, “Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America.” Ferguson explores why no top financial executives have been jailed for their role in the nation’s worst economic crisis since the Great Depression. We … Read more

Bank of America Tries Turning Fraudclosed Homeowners Into Renters

BofA tries turning distressed homeowners into renters Bank of America is testing a mortgage-to-lease program in four states. The idea: Instead of evicting homeowners who face foreclosure, it lets them stay as tenants and sells the homes to investors (for pennies on the dollar). Unable to qualify for modifications on Bank of America mortgages, a … Read more

JPMorgan Chase & Utah Sen Mike Lee’s Short Sale: It’s Hypocritical – But Is It Corrupt?

“Let’s see: A troubled bank gives a sitting member of the United States Senate an advantageous deal worth hundreds of thousands of dollars? You’d think a story like that would get a little more attention than it has so far.” ~ JPMorgan Chase & the Senator’s Short Sale: It’s Hypocritical – But Is It Corrupt? … Read more