securitization

UNSEALED: DOJ Confirms Holders of Securitized Loans Cannot Be Traced

UNSEALED: DOJ Confirms Holders of Securitized Loans Cannot Be Traced Originally posted at http://mortgageflimflam.com With additional edits by http://4closurefraud.org In a filing unsealed on June 3, 2016, the Department of Justice (DOJ)  confirms what many of us have known for years. Nobody, not even the U.S. Government, with massive resources, can determine who owns your loan and … Read more

house

‘Massive’ Shortage of Appraisers Causing Home Sales Delays

‘Massive’ Shortage of Appraisers Causing Home Sales Delays Housing demand is rising rapidly, but a key cog in the wheel to homeownership is in deep trouble. The people most needed to close the deal are disappearing. Appraisers, the men and women who value homes and whom mortgage lenders depend upon, are shrinking in numbers. That … Read more

hacked

Russian Hackers Hit Back After Olympic Ban

Russian Hackers Hit Back After Olympic Ban Russian hackers calling themselves the “Fancy Bears” have published private medical records of top American athletes. They have done this in the hope of creating a doping scandal that would shame the athletes and discredit the World Anti-Doping Agency (WADA). The Fancy Bears managed to publish medical records … Read more

Federal Reserve

Wells Fargo or the Federal Reserve: Who’s the Bigger Fraud?

Wells Fargo or the Federal Reserve: Who’s the Bigger Fraud? The Wells Fargo bank account scandal took center stage in the news last week and in all likelihood will continue to make headlines for many weeks to come. What Wells Fargo employees did in opening bank accounts without customers’ authorization was obviously wrong, but in … Read more

Chain of Title by David Dayen

Go Bid! Signed Copy of Chain of Title by David Dayen Available at Netroots Nation Auction

A signed copy of Chain of Title is one of the items available at the Netroots Nation auction. Good cause, go bid! https://t.co/kmGGvoaxzS — David Dayen (@ddayen) September 26, 2016 Go Bid! Signed Copy of Chain of Title by David Dayen Available at Netroots Nation Auction In the depths of the Great Recession, a cancer … Read more

Fraud Settlement

Fraudclosure: Rouge Foreclosures are Still in Full Swing Even After National ‘Settlement’

Woman in Years-Long Battle with Wells Fargo to Keep Her Home A year into her family’s new sanctuary, illness struck.    Molotky contracted bacterial meningitis in 2007. “I almost died… attacks all your organs,” she said.  “It does permanent damage… so that was a really hard time.” She was fighting for survival, and still caring … Read more

stumpf

John Oliver Slams John Stumpf Wells Fargo Chair & Ceo

John Oliver Slams John Stumpf Wells Fargo Chair & Ceo “That’s right: Wells Fargo employees created fake email addresses to enroll customers in hidden accounts, creating PIN numbers the customers didn’t even know existed,” Oliver said. “And hidden fees are bad enough without being hidden inside hidden accounts with hidden PIN numbers made with hidden … Read more

Kangaroo Court

As Banks Continue to Foreclose with False Documents, Men Accused Of Taking Over Vacant Houses To Stand Trial

As Banks Continue to Foreclose with False Documents, Men Accused Of Taking Over Vacant Houses To Stand Trial Jurors are scheduled to hear opening statements Monday in an unusual trial in Cook County criminal court. The defendant is charged with theft of more than a million dollars — in the form of houses, many in … Read more

FannieMayhem

Fannie Mae Announces Winner of Fifth Community Impact Pool of Non-Performing Loans

Fannie Mae Announces Winner of Fifth Community Impact Pool of Non-Performing Loans WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced that The Community Loan Fund of New Jersey, Inc., an affiliate of New Jersey Community Capital, a non-profit community development financial institution, is the winning bidder on the housing agency’s fifth Community Impact Pool of … Read more