Bondi gives Wells Fargo a Wednesday deadline to respond to settlement concerns
Bondi gives Wells Fargo a Wednesday deadline to respond to settlement concerns Wells Fargo has joined Bank of America on Florida Attorney General Pam Bondi’s list of possible violators of the $25 billion National Mortgage Settlement. Last week, Bondi wrote a stern letter to Bank of America with examples of homeowner concerns and problems her … Read more
Government Spying on Americans … and then Giving Info to Giant Corporations
Big Banks and Other Corporate Bigwigs Benefit from Illegal Spying by WashingtonsBlog You’ve heard that the government spies on all Americans. But you might not know that the government shares some of that information with big corporations. In addition, Reuters reported in 2011 that the NSA shares intelligence with Wall Street banks in the name … Read more
Verification of Foreclosure Complaint: No Matter the Amount and Severity of Lawsuits, Settlements, and Bad Publicity, “Robosigning” Continues!
No Matter the Amount and Severity of Lawsuits, Settlements, and Bad Publicity, “Robosigning” Continues! Cross-posted from the Law Offices of Evan M. Rosen In the past few weeks we learned that New York’s Attorney General filed suits against HSBC, Wells Fargo and Bank of America for violating the terms of the “robosigning” national mortgage settlement. Even Florida’s … Read more
Legal Aid Presentation on Foreclosure Defense and Options in Florida (VIDEO)
Legal Aid Presentation on Foreclosure Defense and Options in Florida (VIDEO) Your Legal Rights and Options in residential Foreclosures in Seminole County. Panel discussion concerning foreclosure defense, mediation, Florida Hardest Hit Fund, and loan modifications. Presentation conducted in May of 2013 in Sanford Florida. ~ 4closureFraud.org Tweet
Bondi Angered Over Bank of America’s Settlement Compliance
Bondi angered over Bank of America’s settlement compliance Florida Attorney General Pam Bondi sent a letter to Bank of America this week with concerns over its compliance with the National Mortgage Settlement. The letter addresses several alleged violations, including failing to comply with the settlement’s dual-tracking restrictions, which bar banks from moving forward with a … Read more
Independent Foreclosure Review Payments Near $2.4 Billion, $1 Billion Uncollected
Independent Foreclosure Review Payments Near $2.4 Billion WASHINGTON—Nearly 2.7 million checks have been cashed or deposited for about $2.4 billion as a result of the Independent Foreclosure Review (IFR) Payment Agreement through June 6, 2013. To date, more than 3.9 million checks, totaling more than $3.4 billion, have been sent to eligible borrowers. The first … Read more
Gov Scott Signs Controversial Fast-Track Foreclosure Bill HB 87 Into Law
“There will be a half dozen appeals attacking a half dozen parts of the law,” Oppenheim said. “This bill is going to clog up the system to a point that it will be one of the governor’s biggest boondoggles.” ~ Scott signs controversial fast-track foreclosure bill into law Gov. Rick Scott signed the controversial fast-track … Read more
Foreclosure Fight Club: Wanna Fight, Huh? FIGHT ME!
Wanna Fight, Huh? FIGHT ME! Cross-posted from the Law Offices of Evan M. Rosen Just left another foreclosure trial. This is the second case in a row in which I show up to court, ready to go, only to face a bank that is extremely eager to settle. With a look of hopeful anticipation … Read more
KURIAN v WELLS FARGO BANK: Just Another Paragraph 22 Case … Or Is It?
Just Another Paragraph 22 Case … Or Is It? Florida’s Fourth District Court of Appeal issued this written opinion today reversing a Final Judgment of Foreclosure. This decision is yet another case which makes it clear that foreclosure plaintiffs must comply with the “notice and cure” provisions in paragraph 22 of most mortgages before accelerating the … Read more
Your student loan isn’t really a loan
Your student loan isn’t really a loan You can’t refinance, or get rid of the debt through bankruptcy. Here’s how it’s even more of a sham than you know It’s becoming an annual ritual. Every June, Congress debates what to do about the interest rate on federally subsidized student loans, to avert what this year … Read more
The REAL Reason Housing Prices Have Skyrocketed
How Another Housing Bubble Was Blown … And Why By WashingtonsBlog Preface: In Part 1, we showed that mortgage applications are down, and it is really institutional investors driving the housing boom. Part 2 explains why. Housing prices have boomed because: (1) Lenders are artificially keeping vacant houses off of the market and (2) The … Read more
The Crumbling Coliseum That is America
The Crumbling Coliseum That is America By George Mantor The horrifying collapse of the I-5 bridge in Seattle in May, one in an ongoing series I’m afraid, is a grim reminder of the true state of our condition…we are dying. There is a difference between pessimism and realism. Badly deteriorating infrastructure is a reality and … Read more
Bank of America, Wells Fargo top list of consumer complaints
Bank of America, Wells Fargo top list of consumer complaints Bank of America Corp. and Wells Fargo & Co. have garnered by far the most complaints from consumers in D.C., Maryland and Virginia, according to newly public data from the Consumer Financial Protection Bureau. The financial complaints database, just recently made searchable by state, goes … Read more
One of Wall Street’s Riskiest Bets Returns: Synthetic CDO’s
One of Wall Street’s Riskiest Bets Returns Could it be the rental streams from houses? Investors are once again clamoring for a risky investment blamed for helping unleash the financial crisis: the synthetic CDO. In a sign of how hard Wall Street is trying to satisfy voracious demand for higher returns amid rock-bottom interest rates, … Read more
Worst Month For Mortgage Applications Since 2009 Driving Mass Layoffs
Chart: Bloomberg Worst Month For Mortgage Applications Since 2009 Driving Mass Layoffs This morning’s 11.5% week-over-week plunge in mortgage applications is the fourth week of fading demand in a row as it appears the bloom is very much off the rose of the second-coming of the housing bubble. This makes it the worst plunge in … Read more
Housing Bubble Pop Alert: Colony Pulls IPO On “Market Conditions”, Blue Mountain Rushes To Cash Out Of Own-To-Rent
Housing Bubble Pop Alert: Colony Pulls IPO On “Market Conditions”, Blue Mountain Rushes To Cash Out Of Own-To-Rent Here is a simple way to test if the last year of housing market gains have been due to a real, fundamental, consumer-led recovery, or nothing but the latest iteration of the Fed’s money bubble machine manifesting … Read more
How Big Institutional Money Distorts Housing Prices
How Big Institutional Money Distorts Housing Prices The airwaves are full of stories of economic recovery. One trumpeted recently has been the rapid recovery in housing, at least as measured in prices. The problem is, a good portion of the rebound in house prices in many markets has less to do with renewed optimism, new … Read more
NBC 2: Bill Aims to Speed Foreclosure Process (VIDEO)
NBC-2.com WBBH News for Fort Myers, Cape Coral ~ 4closureFraud.org Tweet
Taxpayers Could Face (Previously Undisclosed) $115 Billion Losses From FHA
Taxpayers Could Face (Previously Undisclosed) $115 Billion Losses From FHA In yet another hit for both the administration’s trustworthiness and the hope of some spin-off of the GSEs, the WSJ reports that the Federal Housing Administration’s projected losses over 30 years could reach as high as $115 billion under a previously undisclosed stress test. The … Read more
More Than 72,000 Floridians Who Lost Homes to Foreclosure Will Receive $1,480 (BOUNCED?) Checks
More Than 72,000 Floridians Who Lost Homes to Foreclosure Will Receive $1,480 Checks TALLAHASSEE, Fla.—Attorney General Pam Bondi announced today that more than 72,000 eligible Floridians who lost their homes due to foreclosure between 2008 and 2011 and who submitted valid foreclosure claims through the national mortgage settlement will receive checks this month for approximately … Read more
