Ohio Supreme Court Holds Foreclosure Action Void If Party Filing Suit Did So Before Becoming Actual Party in Interest
Ohio Supreme Court Holds Foreclosure Action Void If Party Filing Suit Did So Before Becoming Actual Party in Interest Assignment of Note After Suit Filed Does Not Cure Lack of Standing The Supreme Court of Ohio ruled today that a party’s standing to initiate a mortgage foreclosure lawsuit is determined on the date the complaint … Read more
Michael Olenick: How Fannie Enriches Private Equity Investors at Taxpayer and Homeowner Expense
Michael Olenick: How Fannie Enriches Private Equity Investors at Taxpayer and Homeowner Expense By Michael Olenick, creator of NASTIACO, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick or read his blog, Seeing Through Data Corporate welfare queen Fannie Mae has decided to spread their taxpayer … Read more
Ruvin v. Federal National Mortgage Association – Miami Dade Clerk of Court Sues Fannie, Freddie Over Unpaid Transfer Taxes
Miami Dade Clerk of Court Sues Fannie, Freddie Over Unpaid Transfer Taxes Fannie Mae and Freddie Mac, the home mortgage-finance companies now under government control, were accused by Miami-Dade County, Florida, of failing to pay transfer taxes when they took ownership and sold thousands of foreclosed properties. Harvey Ruvin, clerk of the courts for Miami-Dade … Read more
Fannie, Freddie Give “Relief” to Borrowers Hit by Hurricane Sandy
Fannie, Freddie give relief to borrowers hit by Hurricane Sandy Oct 30 (Reuters) – Fannie Mae and Freddie Mac on Tuesday extended their disaster-relief policies to borrowers whose homes were damaged by Hurricane Sandy. The aid applies to property owners living in towns and cities along the eastern United States that have been declared disaster … Read more
Agencies Issue Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Sandy
Agencies Issue Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Sandy WASHINGTON — The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (the agencies) recognize the serious impact of Hurricane Sandy on the customers and operations of … Read more
BOO!!! Trick or Treat Everyone? Happy Halloween from 4closureFraud.org
Banksters, stay away from this house. Steal at your own risk. You have been warned… ~ 4closureFraud.org Tweet
George Mantor | The Obsolescence of the American Male
The Obsolescence of the American Male “No Country for Old Men” By George Mantor Well boys, they’re done with us. They don’t need us anymore. Nothing left for us to do but “Thunderdome” or UFC. Even the planes have started to fly themselves. They tell us that the number of unemployed people “eligible for benefits” … Read more
UBS Set to Exit Fixed Income, Fire 10,000 Bankers
UBS Set to Exit Fixed Income, Fire 10,000 Bankers (Reuters) – UBS is expected to reveal plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, with shareholders cheering one of the biggest bonfires of finance jobs since the implosion of Lehman Brothers in 2008. The move will focus Zurich-based UBS … Read more
Squatters Move in, Homeowner Can’t Get Them Out (VIDEO)
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Stand with Ana Wilson and Demand an End to Sickness Evictions
Get sick. Lose your home. Ana Casas Wilson has lived in the same home near Los Angeles for 40 years. In 2009, she was diagnosed with breast cancer, and her husband had to take some time off to care for her. Their income quickly rebounded, but they missed some mortgage payments. They tried to get … Read more
Living Apart: How the Government Betrayed a Landmark Civil Rights Law
Living Apart: How the Government Betrayed a Landmark Civil Rights Law by Nikole Hannah-Jones ProPublica A few months after Congress passed a landmark law directing the federal government to dismantle segregation in the nation’s housing, President Nixon’s housing chief began plotting a stealth campaign. The plan, George Romney wrote in a confidential memo to aides, … Read more
Quick Reference Guide, MERS iRegistration and Pre-Closing Instructions
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PubNotes: Key Takeaways From ProPublica’s Fair Housing Investigation
PubNotes: Key Takeaways From ProPublica’s Fair Housing Investigation by Nikole Hannah-Jones ProPublica An overview of the U.S. government’s many failed attempts to promote integrated housing since the Fair Housing Act was passed in 1968. Fair Housing Act Born in Heat of Civil Rights Movement In wake of the race riots of the 1960s, the Kerner … Read more
OCC Allows National Bank and Federal Savings Association Offices Affected by Hurricane Sandy to Close
OCC Allows National Bank and Federal Savings Association Offices Affected by Hurricane Sandy to Close WASHINGTON — The Office of the Comptroller of the Currency today issued a proclamation allowing national bank and federal savings association offices affected by Hurricane Sandy to close at their discretion. In issuing the proclamation, Senior Deputy Comptroller for Midsize … Read more
COLORADO ATTORNEY GENERAL ANNOUNCES $1.8M SETTLEMENT WITH LENDER PROCESSING SERVICES OVER FORECLOSURE FRAUD DOCUMENTS
ATTORNEY GENERAL ANNOUNCES $1.8M SETTLEMENT WITH LENDER PROCESSING SERVICES OVER MORTGAGE LOAN SERVICES DOCUMENT PREPARATION DENVER–Colorado Attorney General John Suthers today announced that the State of Colorado will receive $1.8 million as part of a settlement with Lender Processing Services, Inc. (NYSE: LPS) for past document execution practices by LPS subsidiaries DocX, LLC and LPS … Read more
Clerks: MERS Scheme Costing Millions
“Under established Louisiana law, the transfer of the note includes the transfer of the mortgage,” the clerks told U.S. District Judge James J. Brady in August. They added: “The MERS scheme is merely an artifice to defraud, used to avoid payment of recording fees.” ~ Clerks: Scheme costing millions A majority of Louisiana’s district court … Read more
TARP Inspector General Christy Romero on Libor – CNBC (VIDEO)
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The Oddest Revelation From the Bank of America Fraud Suit
The Oddest Revelation From the Bank of America Fraud Suit There is something very weird about the civil complaint the Justice Department filed this week against Bank of America Corp. (BAC) for allegedly defrauding Fannie Mae and Freddie Mac. Prosecutors are suing under a statute called the False Claims Act, which imposes liability on those … Read more
The Great Debate – Are The Big Banks Winning?
The Great Debate- Are the big banks winning? The Dodd-Frank Act to re-regulate the big banks was intentionally tough. It was passed in the wake of the 2008-2009 financial crash to end cowboy banking; require far more capital and much less leverage, and rein in the trading-desk geniuses who pumped up serial bubbles. Since Congress … Read more
George Gingo ESQ is Giving Away a FREE HOME Located at 1135 Nova Terrace, Titusville, Florida
George Gingo ESQ is giving away a FREE HOME FREE HOME Yes, you read that right. We are going to give away a home located at 1135 Nova Terrace, Titusville, Florida 32796. The legal description is: LOT 4, BLOCK 5, COUNTRY ESTATES UNIT ONE, ACCORDING TO PLAT RECORDED IN PLAT BOOK 18, PAGE 134, … Read more
