Fight Club Attorney George Attorney Babcock to Argue Defining Foreclosure Case in Front of Retired United States Supreme Court Justice

“Send your minions that  I may  lay waste  to them before me.“ ~ George Babcock ~ Attorney Babcock to Argue Defining Case in front of retired United States Supreme Court Justice On Wednesday, January 9, Attorney George Babcock will be arguing on appeal Culhane vs. Aurora Loan Services of Nebraska, C.A.No. 11-11098-WGY in front of … Read more

Bank of America to Sell Service Rights on $100 Billion of Mortgages

  Bank of America to sell service rights on $100 billion of mortgages (Reuters) – Bank of America Corp is looking to sell collection rights on at least another $100 billion of mortgages after announcing similar deals for more than $300 billion on Monday, according to two sources familiar with the situation. Any sale would … Read more

Neil Barofsky Discusses AIG Lawsuit Against U.S.

Barofsky Discusses AIG Lawsuit Against U.S. Jan. 8 (Bloomberg) — Neil Barofsky, former special inspector for the U.S. Treasury’s Troubled Asset Relief Program and a Bloomberg Television contributing editor, talks about the likelihood that American International Group Inc. will join a shareholder suit alleging its 2008 bailout was unconstitutional. AIG’s board is scheduled to meet … Read more

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement

Feds Replace Flawed Foreclosure Review With Vague $8.5 Billion Settlement by Paul Kiel ProPublica The Independent Foreclosure Review was supposed to be a full and fair investigation of the big banks’ foreclosure abuses, and it was trumpeted as the government’s largest effort to compensate victimized homeowners. Federal regulators, who designed the review, forced banks to … Read more

Cummings Issues Statement on Potential AIG Lawsuit Against the Government

Cummings Issues Statement on Potential AIG Lawsuit Against the Government Washington, DC (Jan. 8, 2013) – Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement in response to press reports today that the American International Group (AIG) is considering joining a $25 billion shareholder lawsuit … Read more

THE FLORIDA BAR v MARSHALL C WATSON CONDITIONAL GUILTY PLEA FOR CONSENT JUDGEMENT

 CONDITIONAL GUILTY PLEA FOR CONSENT JUDGEMENT ~ 4closureFraud.org Tweet

Daniel Fisher | Finding Little Evidence Of Foreclosure Fraud, Feds Give Up

“The reality is robosigning couldn’t have been the cause of foreclosure fraud because robots can’t engage in the self-interested behavior that underlies fraud.” “As for robosigning computers stealing homes, still not much evidence for that. If you know of a case, do let me know.” Really? ~ Finding Little Evidence Of Foreclosure Fraud, Feds Give … Read more

Another Reason To Say “FU” To Bank of America

The Market Ticker – Another Reason To Say “FU” To Bank of America Oh, so now Bank of America gets to determine what a lawful business is and isn’t? What we have experienced is that our web site orders have jumped 500 % causing our web site E commerce processing larger Deposits to BANK OF … Read more

Oregon Supreme Court To Consider ‘MERS’ Mortgage System

Oregon Supreme Court To Consider ‘MERS’ Mortgage System The Oregon Supreme Court is expected to hear two cases this week involving the mortgage industry’s Mortgage Electronic Registration System, also known MERS. When Wall Street started bundling home loans and selling them off to investors, MERS was created as shortcut around county recording requirements. Instead of … Read more

Rescued by a Bailout, A.I.G. May Sue Its Savior

Rescued by a Bailout, A.I.G. May Sue Its Savior Fresh from paying back a $182 billion bailout, the American International Group Inc. has been running a nationwide advertising campaign with the tagline “Thank you America.” Behind the scenes, the restored insurance company is weighing whether to tell the government agencies that rescued it during the … Read more

$8.5 Billion Foreclosure Fraud Settlement: Yet Another Loss for Homeowners Touted as a Victory

$8.5 Billion Foreclosure Fraud Settlement: Yet Another Loss for Homeowners Touted as a Victory It’s bad enough to see long suffering homeowners take it once again in the chin, thanks to the way the bank regulators prostrate themselves before their supposed charges. It adds insult to injury to see this type of ritualized sellout yet … Read more

House Oversight Committee Requests Briefing on Potential Independent Foreclosure Review Process Settlement

Washington, DC (Jan. 7, 2013)—Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, issued the following statement regarding the public announcement of a new settlement between the Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, and 10 mortgage servicers without first briefing the Oversight … Read more

Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance

Independent Foreclosure Review to Provide $3.3 Billion in Payments, $5.2 Billion in Mortgage Assistance WASHINGTON — Ten mortgage servicing companies subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing have reached an agreement in principle with the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board … Read more

Statement from Comptroller of the Currency Thomas J. Curry on the IFR Settlement

Statement from Comptroller of the Currency Thomas J. Curry on the IFR Settlement WASHINGTON —  The OCC released the following statement by Comptroller of the Currency Thomas J. Curry regarding the settlement with 10 mortgage servicers subject to enforcement actions for deficient practices in mortgage loan servicing and foreclosure processing. When we began the Independent … Read more