Citigroup Kills Panel Overseeing Toxic-Asset Division
The Market Ticker | Oh Citibank? What’s The Price Is that laced with lead, arsenic, cyanide or polonium? Citigroup Inc. (C), the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board committee created during the credit crisis to police the disposal of toxic and unwanted assets. About $200 billion … Read more
Obama Administration Insider, Neil Barofsky, Reveals the Truth about TARP and the Bank Bailouts
An Obama Administration Insider Reveals the Truth about TARP and the Bank Bailouts (New York, NY, May 23, 2012) – With the estimated $3 billion loss at JPMorgan Chase rekindling the debate about financial industry regulation, and with the government’s handling of the economic recovery the decisive issue in the fall elections, Free Press announced … Read more
National Coalition of Artists Against Foreclosure | Occupy Homes Planning – Philly family that won’t be moved, Tuesday, May 29, 2012
Cheri Honkala, National Organizer Poor People’s Economic Human Rights Campaign 174 W. Diamond St. Philadelphia, PA USA 19122 CheriHonkalaPPEHRC@gmail.com office: 215-717-1482 x14 cell: 267-344-6318 www.economichumanrights.org *For Immediate Release* *Artists Stand with Families Refusing to Leave their Homes* *PHILADELPHIA* – The Poor Peoples Economic Human Rights Campaign and the National Coalition of Artists Against Foreclosure will … Read more
Forged, Fabricated, Conterfitted Promisory Note? FOIA Release Names “Spy” Printers (Yellow Dots)
FOIA release names “spy” printers You might want to think twice before you send an anonymous letter criticizing the government or its policies. It can be traced right back to you. For years, machine identification code technology has been used by printer manufacturers to burn a printer’s serial number – using microscopic yellow dots — … Read more
Fraudclosure | Fed Releases Another Round of Docs Related to Servicing Consent Orders (Ally, Citigroup, HSBC)
Press Release Release Date: May 24, 2012 For immediate release The Federal Reserve Board on Thursday released action plans for Citigroup and HSBC Finance Corporation to correct deficiencies in residential mortgage loan servicing and foreclosure processing. It also released the engagement letter between Ally Financial Inc. and the independent consultant retained by Ally to review … Read more
Bank Of America Returns Foreclosed Home To Dirma Rodriguez And Disabled Daughter, For Now
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Mother-Daughter Foreclosure Murder/Suicide Raises Questions
Mother-daughter suicide raises questions STAMFORD — No one heard the gunshots. Long Ridge Road is a main thoroughfare that connects North Stamford and Pound Ridge to the Merritt Parkway and downtown businesses. Thousands of cars speed by on a weekly basis, passing 1214 Long Ridge Road, a four bedroom Cape-style home half a mile north … Read more
MORONES and HERNANDEZ vs TOM HORNE, AZ AG | Arizona Homeowners File Suit Against State for Foreclosure Fraud Settlement Fund Raid
Arizona Homeowners File Suit Against State for Foreclosure Fraud Settlement Fund Raid The response to the foreclosure fraud settlement fund raid in multiple states, now up close to a billion dollars, has been shockingly muted. No progressive group or housing-focused organization has done much more than grumble about the fact that money intended to go … Read more
FHFA-OIG REPORT | Fannie Mae and Freddie Mac: Where the Taxpayers’ Money Went
Fannie Mae and Freddie Mac: Where the Taxpayers’ Money Went U.S. government intervention protected the numerous creditors – both domestic and foreign – who had purchased bonds and MBS issued by Fannie Mae and Freddie Mac. Allowing the Enterprises to meet their debt and guarantee obligations enabled them to continue to support the secondary market. … Read more
DROUIN v. AMERICAN HOME MORTGAGE SERVICING, INC., WELLS FARGO | Mortgagors Can Overcome Standing Issues Regarding Assignments of Mortgage
Michael Drouin and Kathleen Drouin, v. American Home Mortgage Servicing, Inc., Wells Fargo Bank, N.A., and Option One Mortgage Corporation. Civil No. 11-cv-596-JL, Opinion No. 2012 DNH 089. United States District Court, D. New Hampshire.May 18, 2012. MEMORANDUM ORDER JOSEPH N. LaPLANTE, District Judge. At first blush, this case appears to present a question that … Read more
Judge Denies O.J. Simpson’s Motion to Dismiss Foreclosure Case
Judge denies O.J. Simpson’s motion to dismiss foreclosure case Acquitted murderer, convicted felon, former actor, former sportscaster and former All-Star football player O.J. Simpson is one step closer to losing his south Florida home to foreclosure. Attorneys for the imprisoned Simpson appeared before Miami-Dade County Circuit Court Judge Gisela Cardonne Ely last week on a … Read more
Martial Law | 20,000 Political Prisoners Arrested in Tampa, Florida
“While the crowd was focused on the stage, and while all 20,000 were filled with the delusion of hope and the possibility of change, 30,000 heavily weaponized civilian law enforcement officers, and 5,000 vehicles, all outfitted with the brightest lights man had ever conceived, had completely ensnared the most active and vocal domestic belligerents who … Read more
Oriane Rousseau | Wells Fargo has Blood on its Hands (VIDEO)
Responsible, middle-class families have been devastated by the unethical and abusive practices of the Big Banks throughout the mortgage crisis. Countless tragedies lie in the wake of their greed and recklessness, but the story of Norman and Oriane Rousseau takes it to a new low. ~ 4closureFraud.org Tweet
Ally Financial (GMAC) | Newly Released Letter Shows Scope Of Possible Foreclosure Fraud
Ally Financial: Newly Released Letter Show Scope Of Possible Mortgage Screwups Trying to count the number of bank screwups during the foreclosure crisis is a little like guessing the amount of change in a huge jar: You can see that the answer is “an awful lot,” but without breaking the jar and counting by hand, … Read more
MERS vs MERS | Couple Buys Home Based On a Clean Title Report Then Sued by MERS, AHMSI, Deutsche Bank to Reinstate Lien on Previous Owner to Foreclose
“MERS is suing MERS because it is named on both the Harvey and Sedgwick deeds of trust… Because it held that position on both the Harvey and Sedgwicks’ deeds of trust, it had to name itself as a defendant in the same suit in which it tries to undo the effects of the earlier court … Read more
Recovery is Near! /sarcam | CNN – More than 30% of Mortgage Borrowers Still Underwater
More than 30% of mortgage borrowers still underwater NEW YORK (CNNMoney) — Despite rising home prices, more than 30% of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to Zillow. The percentage of borrowers who owed more on their home than it was worth increased to … Read more
Attempt to Sell Home Leads to Fraudclosure Nightmare, Country Records Showed She No Longer Owned It
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Lender Processing Services | LPS Estimates its Total Potential Legal Costs from the Foreclosure Fraud Investigations Would be $78.5 Million
LPS still waiting for housing rebound From the jaxdailyrecord… Business remains down early in 2012. LPS reported first-quarter revenue fell 6 percent to $506 million, and adjusted earnings fell from 81 cents a share in the first quarter of 2011 to 59 cents this year. LPS attributed the revenue drop mainly to a decline in … Read more
Man Facing Jail Time After Spending $70,000 That Wells Fargo Mistakenly Put In His Account (VIDEO)
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Matt Weidner | Concentration Camps, Mass Foreclosures And Rounding Up The Domestic Belligerents
Concentration Camps, Mass Foreclosures And Rounding Up The Domestic Belligerents I’ve just spent four exhausting days taking depositions and fighting for consumers all across this state. I’m dead tired, bloody from battle and exhausted, but I’m also terrified and need desperately to get this off my chest. Our angel still sings and the sheppard continues … Read more
