Have Florida’s Courts Declared War Against Foreclosure Defense?

“What if the drug cartels, as part of their plea deals with government attorneys, agreed to pay $5 million in fines. And what if government officials announced they were spending that money specifically on drug courts, hiring special judges and staff.” ~ Have Florida’s Courts Declared War Against Foreclosure Defense? woke this morning to read … Read more

FL 1st DCA | Lindsey v. Wells Fargo Bank – BOMBSHELL CASE – Assignment of Mortgage Does Not Give Bank Standing, The Note Does Not Follow the Mortgage

FL 1st DCA | Lindsey v. Wells Fargo Bank – BOMBSHELL CASE – Assignment of Mortgage Does Not Give Bank Standing, The Note Does Not Follow the Mortgage By Matt Weidner The first DCA today released a bombshell case which adopts the position that our firm has taken for years. In Lindsey v. Wells Fargo … Read more

Bernanke Destroys His Own Credibility

The Market Ticker – Bernanke Destroys His Own Credibility It doesn’t happen every day, but once in a while you see two things happen in the same Congressional committee session. The first was that Ben Bernanke admitted that the Ticker I wrote a number of days ago on the driver of our fiscal problems (and which I’ve … Read more

New robo-signing brief: Misconduct by AG Masto’s office could ‘seriously damage public confidence’ in that office

New robo-signing brief: Misconduct by AG Masto’s office could ‘seriously damage public confidence’ in that office LAS VEGAS — New evidence bearing on allegations that Attorney General Catherine Cortez Masto and her top deputies engaged in repeated and systemic prosecutorial misconduct to indict two Lender Processing Services employees is scheduled to go before Nevada’s Eighth … Read more

Jamie Dimon Dong-Slaps Inquisitive Analyst in Hilarious Exchange

Jamie Dimon Dong-Slaps Inquisitive Analyst in Hilarious Exchange You just can’t make this stuff up. So JPMorgan Chase CEO Jamie Dimon is participating in an investor conference call. This is the semi-regular ritual where a financial executive throws out some already heavily-airbrushed numbers for a select group of financial analysts and then proceeds, over the … Read more

Big Banks Win, Taxpayers Lose as Fannie Insurance Overhaul Spiked

Big Banks Win, Taxpayers Lose as Fannie Insurance Overhaul Spiked As the overseer of mortgage giants Fannie Mae and Freddie Mac, the Federal Housing Finance Agency has a duty to safeguard taxpayer dollars. But the regulator may have done just the opposite earlier this month. On February 11, the FHFA held a conference call to … Read more

Soto Continues to Fight for Florida’s Families in Foreclosure

Soto Continues to Fight for Florida’s Families in Foreclosure Tallahassee – As Florida continues to maintain its shameful distinction as first in the nation for housing foreclosures, state Senator Darren Soto (D-Orlando) announced Wednesday his filing of four bills intended to better help Floridians save their homes and protect them from unscrupulous foreclosure practices. “These … Read more

Nevada | The Fix is in… Judge Tosses Lender Processing Services Foreclosure Fraud ‘Robosigning’ Case in Vegas

“The judge dismissed all of the 204 felony and 102 misdemeanor charges against Trafford and Sheppard. The charges consisted of notarization of a signature of a person not in the presence of a notary public, which is a gross misdemeanor, and two different felonies: offering false instruments for filing or recording, and false certification of … Read more

Lorraine O. Brown President of DocX: The Recession Was Her Fault

The recession was her fault You remember Lynndie England. She was the Army Reserve soldier photographed at the Abu Ghraib prison giving the thumbs-up sign in front of a set of naked detainees. A lower-level reservist, she was among the few at Abu Ghraib who actually served prison time. No officers who authorized and directed the torture … Read more

Citigroup’s Man, Jack Lew, Goes to the Treasury Department

Citigroup’s Man Goes to the Treasury Department Jack Lew is the nominee for Treasury secretary whose own bonus as an investment banker was bailed out by the Treasury Department when it rescued Citigroup Inc. (C) in 2008. He owes much to America’s taxpayers. He should also be grateful to Citigroup for agreeing to let him … Read more

CFTC Chairman: LIBOR Still “Not Clean” Was Often “Completely Made Up”

CFTC Chairman: LIBOR Still “Not Clean” Was Often “Completely Made Up” Gary Gensler, the head of the Commodities Future Trading Commission (CFTC), has made a pretty depressing admission to the BBC. During an interview on one of the greater financial scandals in modern times, the rigging of the London Interbank Offered Rate (LIBOR), Chairman Gensler … Read more

Serrano v. HSBC | FL 4th DCA – Summary Judgment REVERSED: Dispute Related to Paragraph 22 Condition Precedent to Foreclosure

DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT January Term 2013 GIL L. SERRANO, ONELIA SERRANO and TIULANG VALDES, Appellants, v. HSBC BANK USA, NATIONAL ASSOCIATION AS TRUSTEE FOR WELLS FARGO ASSET SECURITIES CORPORATION, MORTGAGE ASSETBACKED PASS-THROUGH CERTIFICATES, SERIES 2007-PA1, Appellee. No. 4D11-1767 [February 20, 2013] PER CURIAM. Appellants Gil L. Serrano, … Read more

STEVEN HILL vs LENDER PROCESSING SERVICES et al: Mortgage Co. Execs Sued Over Robosigning Defense Fees

Mortgage Co. Execs Sued Over Robosigning Defense Fees Law360, Wilmington (February 13, 2013, 7:53 PM ET) — Lender Processing Services Inc. directors were hit with a shareholder derivative suit Tuesday alleging their failure to go after higher-ups responsible for the “robosigning” of foreclosure documents and other faulty practices left the mortgage servicer on the hook … Read more

BNY Mellon Fined $235,000 in Providence RI Foreclosure

Bank fined $235,000 in Prov foreclosure BNY Mellon no-showed in court six times PROVIDENCE, R.I. (WPRI) –A vacant two-story home in Providence’s Silver Lake neighborhood has become such an eyesore that not even the bank wants anything to do with it. Empty for over a year, the first floor windows at the 223 Roosevelt Street … Read more

I am a foreclosure defense attorney in St. Petersburg, I oppose House Bill 87, The Foreclosure FastTrack Bill And Here’s Why

I am a foreclosure defense attorney in St. Petersburg, I oppose House Bill 87, The Foreclosure FastTrack Bill And Here’s Why By Matt Weidner In my practice, I defend homeowners facing foreclosure in the Tampa, St. Petersburg area.  Currently, and over the years, I have had the great pleasure of representing thousands of homeowners across … Read more

Rep. Alan Grayson: Remembering Aaron Swartz, 1986-2013 (VIDEO)

Rep. Alan Grayson: Remembering Aaron Swartz, 1986-2013 R.I.P. Aaron ~ 4closureFraud.org Tweet

Slimin’ Jamie Dimon’s Scheming to Stick the FDIC with WaMu Losses

Slimin’ Jamie Dimon’s Scheming to Stick the FDIC with WaMu Losses It’s really easy to have a fortress balance sheet if you can get other people to eat your losses. It’s also how some scandals are picked up and amplified by the media while others lie fallow. The London Whale scandal, which was never going … Read more

Banks find way to benefit from robo-signing scandal

 Banks find way to benefit from robo-signing scandal Big banks are finding a way to benefit from what was supposed to be their punishment in the robo-signing scandal. In Florida, they have spent 75 percent of $7.7 billion in settlement outlays approving short sales and forgiving home-equity loans, earning credit for debts they were unlikely … Read more

Here It Comes: Administrative Order – Massive Rocket Docket Foreclosure Trials to be Set in Palm Beach County

IN THE CIRCUIT COURT OF THE FIFTEENTH JUDICIAL CIRCUIT IN AND FOR PALM BEACH COUNTY, FLORIDA ADMINISTRATIVE ORDER NO. 3.312-2/13 IN RE: REQUIRED SUBMISSION OF SERVICE LISTS TN RESIDENTIAL FORECLOSURE CASES AND PROCEDURES FOR SCHEDULING TRIALS In an effort to improve the administration of justice in the area of residential foreclosure litigation, it has become … Read more

House Prices, Expectations, and Time-Varying Fundamentals

House Prices, Expectations, and Time-Varying Fundamentals Abstract We investigate the behavior of the equilibrium price-rent ratio for housing in a standard asset pricing model. We allow for time-varying risk aversion (via external habit formation) and time-varying persistence and volatility in the stochastic process for rent growth,consistent with U.S. data for the period 1960 to 2011. … Read more