NY Fed Warns About Booming Subprime Mortgages, Now Insured by the Government

NY Fed Warns about Booming Subprime Mortgages, Now Insured by the Government “Astronomical” default rates and losses. The New York Fed just warned about the ticking mortgage subprime time bombs once again being amassed, and what happens to them when home prices decline. But unlike during the last housing bust, a large portion of these time … Read more

FL 4th DCA: ROBERT T. FROST v. CHRISTIANA TRUST – Christiana Trust’s Failure to Prove that Chase Actually Purchased the Note, is Fatal to its Case

DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT ROBERT T. FROST a/k/a ROBERT FROST, Appellant, v. CHRISTIANA TRUST, a Division of Wilmington Savings Fund Society, FSB, as Trustee for Normandy Mortgage Loan Trust, Series 2013-18, JP MORGAN CHASE BANK, NATIONAL ASSOCIATION, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., as Nominee for AMERICA’S WHOLESALE LENDER, … Read more

Endorsed By Freddie, Fannie, The National Notary Association Utilizes SIGNiX to Demonstrate Remote E-Notarization

“Remote e-notarization was slow to catch on initially, but after our demonstration during NNA’s conference, there was expressed interest and lots of questions” ~ NNA (National Notary Association) featured the demonstration in an article about webcam notarization being endorsed by Fannie Mae and Freddie Mac Chattanooga, Tenn. (PRWEB)June 24, 2016 SIGNiX, the leading provider of … Read more

New York: Governor Cuomo Signs Sweeping Legislation to Combat the Blight of Vacant and Abandoned Properties

New York: Governor Cuomo Signs Sweeping Legislation to Combat the Blight of Vacant and Abandoned Properties Comprehensive Legislative Package Enhances Mandatory Settlement Conferences and Establishes a Consumer Bill of Rights to Help People Remain in Their Homes, Creates the Community Restoration Fund Combats Blight Created By Zombie Properties By Imposing a Pre-Foreclosure Duty on Banks … Read more

Don’t Forget! Tonight at 6:45 Eastern: A “FIRESIDE CHAT” BETWEEN ATTORNEYS LOU BRYDGES AND RANDY ACKLEY

Don’t Forget! Tonight at 6:45 Eastern: A “FIRESIDE CHAT” BETWEEN ATTORNEYS LOU BRYDGES AND RANDY ACKLEY A gentle reminder – please make an appointment for yourself to join us for Episode [39] of “The Gallant Goose & Friends” on TalkShoe 139335 with your host greg da’goose; This Thursday evening, June 23, 2016 at 6:45 PM … Read more

Say Hello to a Black Knight-Mare in the Making: NHL’s Las Vegas Expansion Fills Craving for Money

NHL’s Las Vegas expansion fills craving for money, flavor of the month Say hello to a Black Knight-mare in the making. … sorry, we meant to say grab as much money as possible from expansion or transfer fees. The Coyotes were valued at $220 million in Forbes’ 2015 rankings. Least valuable? The Panthers at $186 … Read more

Ocwen 8-K Says Company to Settle for $30 Million After Judge Rules Docs Admissible in HAMP False Claims Act Case

Ocwen 8-K Says Company to Settle for $30 Million After Judge Rules Docs Admissible in HAMP False Claims Act Case As reported here last week… A Texas federal judge on Tuesday determined that banking documents related to a state government investigation into Ocwen Loan Servicing LLC’s financial practices, which the company claims to have “inadvertently … Read more

Universal Health Services v. United States ex rel. Escobar: Supreme Court Endorses “Implied Certification” Theory of Liability Under Federal False Claims Act

Supreme Court Endorses “Implied Certification” Theory of Liability Under Federal False Claims Act On Thursday, June 16 the United States Supreme Court decided Universal Health Services v. United States ex rel. Escobar. In this unanimous opinion written by Justice Thomas, the Court both endorsed the “implied certification” theory of liability under the False Claims Act … Read more

WSJ Opinion Journal: Fannie Mae Won’t Die

Opinion Journal: Fannie Mae Won’t Die Rep. French Hill (R., AR) on why taxpayers are still backing the vast majority of U.S. private mortgages. ~ 4closureFraud.org Tweet

YALE University: FREE Online Course On The Global Financial Crisis Co-Lectured by Timothy F. Geithner

Geithner gives a lesson on the global financial crisis by Robert Laing This should be interesting… YALE University this week launched a massive open online course on the global financial crisis co-lectured by the US treasury secretary during the drama of 2008, Tim Geithner. I’ve just completed the first week’s assignments — the deadline is … Read more

Across The Pond: Record 4,300 Foreclosures Per Day in Greece During 2016

Record 4,300 Foreclosures Per Day in Greece During 2016 A huge increase in foreclosure orders against state’s debtors has been recorded for 2016 in Greece. During January – April, the tax authorities ’emptied’ the bank accounts of 428,465 debtors. According to information, adding May’s foreclosures, the total number exceeds 500,000. That means that within 100 … Read more

Foreclosure Tales: Parent’s Home was Illegally Foreclosed Without Proper Notice and Sold to Third Party

Parent’s home was illegally foreclosed without proper notice and sold to third party. What will happen? My parents had a mortgage on their home, which they had consistently been paying for the past 6 years. This home is their homestead resident which they’ve been residing in continuously since they purchased it 6 years ago. Apparently, … Read more