Land of the Free | The Best Investigative Reporting on U.S. Prisons

Land of the Free: the Best Investigative Reporting on U.S. Prisons by Cora Currier ProPublica The U.S. has the highest incarceration rate in the world. We’ve rounded up some of the best investigative journalism on U.S. prisons and the problems that plague them. These stories cover juvenile justice, private prisons, immigration detention and other aspects … Read more

Man Kills Himself in Courtroom After Arson Conviction on His Home that was Facing Imminent Foreclosure

(Warning: Footage of Marin beginning to convulse is included and could be considered disturbing) ~ Prosecutors said Marin couldn’t afford the monthly mortgage of $17,500 and had a balloon payment of $2.3 million coming due. ~ Man sips liquid, kills himself in court after arson conviction A man collapsed in court and died after being … Read more

SENATE, No. 1566 | New Jersey Passes Residential Foreclosure Transformation Act to Reuse Vacant Foreclosures

New Jersey Passes Bill to Reuse Vacant Foreclosures The New Jersey state Senate narrowly passed a bill Monday giving the state the ability to buy vacant, previously foreclosed homes and resell or rent them out. State Sen. Raymond Lesniak, D-Union, introduced the New Jersey Residential Foreclosure Termination Act in February. The bill forms the New … Read more

Bank of America Sanctioned $300,000 in Woman’s Mortgage Fraudclosure Case (VIDEO)

~ 4closureFraud.org Tweet

Fannie Mae Freddie Mac to Sell Foreclosed Homes in Bulk to Hedge Funds

Word on the street is you have to have a net worth of $10,000,000 just to get in the game… You can read more about that here… ~ 4closureFraud.org Tweet

Police State | SWAT Team Breaks Down Door, Throws Flashbangs, Raids Wrong Home

SWAT team throws flashbangs, raids wrong home due to open WiFi network The long-standing, heavily documented militarization of even small-town American police forces was always going to create problems when it met anonymous Internet threats. And so it has, again—this time in Evansville, Indiana, where officers acted on some Topix postings threatening violence against local … Read more

Quelle Surprise! Fed Economists Side Firmly With Bank Criminality Over the Rule of Law

Quelle Surprise! Fed Economists Side Firmly With Bank Criminality Over the Rule of Law Although Dave Dayen and Abigail Field have already given a well-deserved shellacking to a remarkable piece of bank PR masquerading as “insight” at Reuters, “Evidence suggests anti-foreclosure laws may backfire,” it merits longer-form treatment as a crude macedoine of anti-homeowner messaging. … Read more

Abigail Field | Evidence Surfaces Reuters Will Publish Propaganda As News

Evidence Surfaces Reuters Will Publish Propaganda As News Normally I’m a fan of Reuters, it has backed some terrific reporting on the banks’ fraudulent foreclosure documents and I respect many of its reporters. But this piece: “Insight: Evidence Surfaces Anti-Foreclosure Laws May Backfire” is pure banking industry and Federal Reserve propaganda. The goal of the … Read more

Reuters | Insight – Evidence Suggests Anti-Foreclosure Laws May Backfire

Insight: Evidence suggests anti-foreclosure laws may backfire (Reuters) – State and federal laws enacted to protect homeowners from eviction in the wake of the 2008 housing crash may be extending the slump, according to a growing number of economists and industry experts. Foreclosures have all but ground to a halt in Nevada, which passed one … Read more

Where Food Stamps Go to Die

Where Food Stamps Go to Die Nothing exemplifies the ghetto status of the U.S. economy more than the success of Wal-Mart in the face of the ongoing destruction of what was once a vibrant and strong middle class. In case you missed it, Marion Nestle, Professor in the Department of Nutrition, Food Studies, and Public … Read more

JPMorgan Trading Loss May Reach $9 Billion

JPMorgan Trading Loss May Reach $9 Billion Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation. When Jamie Dimon, the bank’s chief executive, announced in May that the bank had lost $2 billion in a bet … Read more

OCC Annual Survey of Banks’ Credit Underwriting Practices Shows that Underwriting Standards Remained Largely Unchanged

OCC Survey Showed Banks’ Underwriting Standards Largely Unchanged WASHINGTON — The Office of the Comptroller of the Currency’s 18th Annual Survey of Credit Underwriting Practices, released today, shows that underwriting standards remained largely unchanged from last year, although some easing was noted in select commercial and retail products. Banks continued to react to changing economic … Read more

Hey Lender Processing Services (LPS) – Looked in the Mirror Lately? | Firm Named in Nevada Robosigning (MURDER or SUICIDE?) Case Brazenly Countersues AG Masto Alleging Due Process Violations

Hey Lender Processing Services (LPS)| Firm Named in Nevada Robosigning (MURDER or SUICIDE?) Case Brazenly Countersues AG Masto Alleging Due Process Violations The foreclosure processor sued by Nevada Attorney General Catherine Cortez Masto in last year’s robosigning cases has now retaliated, suing Masto and alleging due process violations. In December, Masto’s office sued Lender Processing … Read more

It Takes a Village | Municipal Condemnation Proceedings and Public/Private Partnerships for Mortgage Loan Modification, Value Preservation, and Local Economic Recovery

It Takes a Village: Municipal Condemnation Proceedings and Public/Private Partnerships for Mortgage Loan Modification, Value Preservation, and Local Economic Recovery Abstract: Respected real estate analysts now forecast that the U.S. is poised to experience a renewed round of home mortgage foreclosures over the coming 6 years. Up to 11 million underwater mortgages will be affected. … Read more

Dollar Bill On Floor Sends Wall Street Into Frenzy

Dollar Bill On Floor Sends Wall Street Into Frenzy From the ONION… NEW YORK—Wall Street investors experienced a sudden surge in optimism Tuesday when, after six tumultuous weeks that saw record drops in the Dow Jones industrial average, a $1 bill was spotted on the floor of the New York Stock Exchange. The dollar bill … Read more

WWII Vet Warren Bodeker Being Forced From Home and Forced to Exhume Wife’s Body

Bankruptcy forces 89-year-old WWII vet from home HELENA, Mont. — A World War II veteran who lists a $981 monthly Social Security check as his only income has had to move out of his western Montana home after his late wife’s medical bills led him to file for bankruptcy. Warren Bodeker, 89, was ordered by … Read more

Distressed Homeowners Ignore Bank of America’s Offer to Avoid Foreclosure (VIDEO)

“We’re concerned about customers who are just tired of the process and are giving up. And we would encourage them not to do that.” BofA “To be honest, I’ve stopped looking at the mail since I stopped making payments. I’ve already given up” Homeowner in foreclosure. ~ 4closureFraud.org Tweet

Report – Dissecting Operation High Roller | Massive Cyber Attack in USA, Europe and Latin America Siphons $2.5 Billion From Banks

Massive Cyber Attack in USA, Europe and Latin America Siphons $2.5 Billion From Banks Dissecting Operation High Roller How the high-tech mantra of “automation and innovation” helps a multi-tiered global fraud ring target high net worth businesses and individuals. Building on established Zeus and SpyEye tactics, this ring adds many breakthroughs: bypasses for physical multi-factor … Read more

Action Alert | Freddie Mac is Fast Tracking Deborah’s Eviction #OccupyHomesDC

Freddie Mac is Fast Tracking Deborah’s Eviction Freddie Mac is accelerating their efforts to steal Deborah’s home. They have taken her back to court and are pushing for an immediate order for eviction. At any moment, Freddie Mac can do the right thing and stop the eviction proceedings. During every step in the process, we … Read more

Adam Levitin | FHFA Wants Money Transferred from Local Government to Bondholders

FHFA Wants Money Transferred from Local Government to Bondholders FHFA has sued the State of Illinois and some local government units claiming that Fannie Mae and Freddie Mac are exempt from state and local real estate transfer taxes. FHFA’s argument is basically that the GSEs are subject only to non-discriminatory real estate taxes and real … Read more