HB 87 IS NOW THE LAW – What Does it Mean to You?
HB 87 IS NOW THE LAW – What Does it Mean to You? Cross-posted from the Law Offices of Evan M. Rosen On Friday, June 7, 2013, Governor Rick Scott signed Florida House Bill 87 into law which takes effect immediately. This law affects all outstanding mortgages and pending and future foreclosure lawsuits in Florida courts on … Read more
Unnatural Disaster: How mortgage servicers are strong-arming the victims of the Moore, Oklahoma tornado (among others)
Unnatural Disaster: How mortgage servicers are strong-arming the victims of the Moore, Oklahoma tornado (among others) On May 20, a massive EF5 tornado whipped through heavily populated Moore, Oklahoma, killing 24 and injuring nearly 400. That tragedy has now shifted into the drudgery of recovery. According to the state’s Insurance Department, claims from the tornado … Read more
Second Meeting with Wells Fargo on Mortgage Settlement Secessary, Bondi Says
Second meeting with Wells Fargo on mortgage settlement necessary, Bondi says Florida Attorney General Palm Bondi is scheduling a second meeting with leaders of America’s largest lender about concerns that it is violating the National Mortgage Settlement. Bondi gave Wells Fargo until yesterday to respond on when it would be able to answer myriad questions … Read more
Independent Foreclosure Review Payments Exceed $2.4 Billion
Independent Foreclosure Review Payments Exceed $2.4 Billion WASHINGTON—More than 2.7 million checks, totaling more than $2.4 billion, related to the Independent Foreclosure Review (IFR) Payment Agreement have been cashed or deposited through June 13, 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
“Bank of America” (sung to the tune of “America” by Neil Diamond)
“Bank of America” (sung to the tune of “America” by Neil Diamond) TARP Received billions in TARP We take your homes You sleep in your cars Free We’ll get off scot-free Lawyers huddle close Then pay off the AG’s Own the Prez and now your place We’re Bank of America Stealing homes at record pace … Read more
HouseKeeping Report – Breaking Down Brandrup: A First Look At The Oregon Supreme Court’s Landmark Decision on MERS
Breaking Down Brandrup: A First Look At The Oregon Supreme Court’s Landmark Decision on MERS The Oregon Supreme Court recently published anxiously-awaited opinions in two MERS cases: Brandrup v. ReconTrust Company, N.A. and Niday v. GMAC Mortgage, LLC. Since that day attorneys have been poring over every jot and tittle looking for confirmation, meaning, instruction, … Read more
Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees Say
Bank of America Lied to Homeowners and Rewarded Foreclosures, Former Employees Say by Paul Kiel ProPublica Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees. The employee statements were filed late … Read more
THE BLITZ: Former Bank of America Workers Allege it Lied to Homeowners
Former Bank of America workers allege it lied to homeowners Reposted with permission by authors request (Reuters) – Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents. The bank allegedly used these … Read more
BofA Gave Bonuses to Foreclose on Clients, Lawsuit Claims
BofA Gave Bonuses to Foreclose on Clients, Lawsuit Claims Bank of America Corp., the second-biggest U.S. lender, rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents. Mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting … Read more
BofA HAMP – AMENDED COMPLAINTS In Re: Bank of America Home Affordable Modification Program (HAMP) Contract Litigation
In Re: Bank of America Home Affordable Modification Program (HAMP) Contract Litigation Massachusetts District Court (mad) Docket Number: 1:10-md-02193 Pacer Case Number: 131942 14.0 AMENDED COMPLAINT (Consolidating Cases) against BAC Home … Download 69.0 AMENDED COMPLAINT (Second Amended Consolidated Class Acti… Download 84.0 AMENDED COMPLAINT Third against Defendant Bank of America… Download 113.0 MOTION for Leave … Read more
F The DOJ, F The Government, F The Banks
The Market Ticker – F The DOJ, F The Government, F The Banks Read this: “Using the Bank of America computer systems I saw that hundreds of customers had made their required trial payments, sent the documents requested of them, but had not received permanent modifications. I also saw records showing that Bank of America … Read more
Bank of America: Of recent note…… “I lied because I was told to lie.”
Of recent note…… “I lied because I was told to lie.” bank of america’s senior loan collector admits to lying … - JD Supra www.jdsupra.com/…/bank-of-americas-senior-loan-collector-30147/ 2 days ago – IN RE BANK OF AMERICA HOME AFFORDABLE MODIFICATION PROGRAM ( HAMP) CONTRACT LITIGATION … that was filed in United States District Court for the District of Massachusetts under case number MDL 2193. Bank of America Treats Desperate Families Making Timely Trial … findsenlaw.wordpress.com/…/bank-of-america-treats-desperate-families-… 17 hours ago – … the Declaration … Read more
Bank of America Lied to Distressed Homeowners, Gave Gift Cards and Bonuses to Best Foreclosers, Former Employees Say
“Employees who placed 10 or more accounts into foreclosure in a month could get gift cards to Target and Bed, Bath and Beyond or $500 bonuses” “We were regularly drilled that it was our job to maximize fees for the bank by extending HAMP modifications by any means we could, including lying to customers” ~ … Read more
Matt Taibbi | Everything is Rigged, Vol. 9,713: This Time, It’s Currencies
Everything is Rigged, Vol. 9,713: This Time, It’s Currencies I’ll get into this in more detail later (I’m on deadline for a magazine feature), but this story just landed. Given the LIBOR story, the Interest Rate Swap manipulation story, the Euro gas price manipulation story, the U.S. energy price manipulation story, and (by now) countless … Read more
Thousands Of Firms Trade Confidential Data With The US Government In Exchange For Classified Intelligence
Thousands Of Firms Trade Confidential Data With The US Government In Exchange For Classified Intelligence The rabbit hole just got deeper. A whole lot deeper. On Sunday we predicated that “there’s one reason why the administration, James Clapper and the NSA should just keep their mouths shut as the PRISM-gate fallout escalates: with every incremental … Read more
B of A’s Refi Pitch a Bubble-Era Flashback
B of A’s Refi Pitch a Bubble-Era Flashback Bank of America’s (BAC) recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005. “See if refinancing could save you an estimated $4,344 in annual payment savings,” reads the pitch in boldface on a direct … Read more
On Modest Encroachments
On Modest Encroachments By George Mantor “It will not be denied that power is of an encroaching nature and that it ought to be effectually restrained from passing the limits assigned to it.” – James Madison I wonder what Jimmy-boy might be thinking if he were around to see how much things have changed since … Read more
Special Report: Homeless Seek Refuge in Offices… With Pizza
Special Report: French homeless seek refuge in offices (Reuters) – The occupiers staked their claim to the building with pizza. When the first of 16 families entered a vacant four-storey office block in Paris one night last December, they placed repeated food orders so the neighbors could see from the comings-and-goings of delivery men that … Read more
Worried about the Mass Surveillance? How to Practice Safer Communication
Worried about the Mass Surveillance? How to Practice Safer Communication by Quinn Norton, Special to ProPublica, June 11, 2013, 11:17 a.m. With all the news coming out about possible mass surveillance and the relationship between an alphabet soup of federal agencies and the companies that hold huge swaths of your electronic life, it’s easy to … Read more
High Prices are Driving More Motorists to Rent Tires
High prices are driving more motorists to rent tires Chains such as Rent-a-Wheel and Rimco are seeing business boom. Many consumers pay double or triple the cost of buying and face aggressive repossession policies. When the tires on their Dodge Caravan had worn so thin that the steel belts were showing through, Don and Florence … Read more
