More than 52,000 Foreclosure Cases in Palm Beach County and Treasure Coast Court Systems Today, Many More to Come…

More than 52,000 foreclosure cases in Palm Beach County and Treasure Coast court systems today Here’s the breakdown: Palm Beach County: 39,000 (as of January 2013 according to Palm Beach County Clerk and Comptroller’s office) Martin County: 2,973 (as of January 10th, 2013 according to Martin County Clerk and Comptroller’s office) St. Lucie County: 7,941 … Read more

Daily Show with John Stewart | Ingrateful Basterds – AIG

Ingrateful Basterds – AIG Former AIG CEO Hank Greenberg thanks the people who bailed out his company by suing them for $25 billion. ~ 4closureFraud.org Tweet

The Daily Show with John Stewart | Bank Wankers – HSBC Terrorist Money Laundering and Mexican Drug Cartels

Bank Wankers – HSBC HSBC proves too big to prosecute when it comes to laundering money for terrorists and Mexican drug cartels. ~ 4closureFraud.org Tweet

Even in hard hit Tampa Bay, too few knew about the Independent Foreclosure Review process to make it successful

Even in hard hit Tampa Bay, too few knew about the Independent Foreclosure Review process to make it successful ST. PETERSBURG — After months of getting nowhere with complaints over the foreclosure of her home, Denise Lennon, 64, turned to what the government had touted as a check for bank abuses: the Independent Foreclosure Review. … Read more

From Across The Pond | BBC – America: Nation of Deadbeats (AUDIO)

Click Above to Listen America: Nation of deadbeats A nation of deadbeats – that’s what one historian calls America. Because debt and default has defined the country since the very start, and debt is still a key issue. America may have swerved away from the fiscal cliff but faces another deadline – agreement on the … Read more

Reuters Special Report: The Latest Foreclosure Horror: The Zombie Title

Special Report: The latest foreclosure horror: the zombie title (Reuters) – Joseph Keller doesn’t expect he’ll live to see the end of 2013. He blames the house at 190 Avondale Avenue. Five years ago, Keller, 10 months behind on his mortgage payments, received notice of a foreclosure judgment from JP Morgan Chase. In a few … Read more

Housing Fraud Cheered At The WSJ

The Market Ticker – Housing Fraud Cheered At The WSJ There comes a point where cheerleading for crooks has reached the level of the absurd. This is one of those times. One reason for optimism in the New Year is the housing market, which continues to heal despite the weak economic recovery. Case-Shiller, Lender Processing … Read more

Fannie Mae, Freddie Mac Sued in Maryland for Unpaid Taxes

  Fannie Mae, Freddie Mac Sued in Maryland for Unpaid Taxes Fannie Mae (FNMA) and Freddie Mac were sued for unpaid transfer taxes by a Maryland county, which argued in a federal court filing that the home-mortgage finance companies can’t claim a government exemption from property fees. Fannie Mae and Freddie Mac aren’t qualified for … Read more

Promontory Financial Group | Foreclosure settlement puts hundreds of Charlotte temps out of work

Foreclosure settlement puts hundreds of Charlotte temps out of work More than 200 Charlotte workers are out of a job as a result of the banking industry foreclosure settlement announced this week. Promontory Financial Group says it has ceased employing thousands of temporary legal and finance professionals across the country. More than 200 workers in … Read more

Bank of America lets go nearly 500 local contractors who worked in the Independent Foreclosure Review program

Bank of America lets go nearly 500 local contractors who worked in the Independent Foreclosure Review program TAMPA — Nearly 500 local contractors who reviewed Bank of America foreclosures are out of a job after regulators and banks announced an $8.5 billion settlement, the bank confirmed Tuesday. The contractors were hired about a year ago … Read more

Settling The Foreclosure Reviews: Winners And Losers

Settling The Foreclosure Reviews: Winners And Losers Who says there’s no recovery? Monday’s announcement of an “agreement in principle” to end the foreclosure reviews at ten of the fourteen mortgage servicing companies provided a neat recovery for the banks, and their ‘independent” consultants, who’ve been mired in an expensive, seemingly unending project from hell. The … Read more

Former Deutsche Bank Employee Claims Bank Took Big Libor Bets During Crisis Because It Could Influence Rates

Former Deutsche Bank Employee Claims Bank Took Big Libor Bets During Crisis Because It Could Influence Rates The Wall Street Journal has an exclusive story based on a whistleblower leak, apparently with supporting transaction records. In 2008, Deutsche Bank made very large bets instruments linked to one, three, and six month dollar, euro, and sterling … Read more