Chain of Title Podcast: David Dayen on The Background Report

Chain of Title Podcast: David Dayen on The Background Report Click on the above image to listen. Neal Barton did one of the more fun interviews with David Dayen about Chain of Title, where he got into some stuff in the book that he hasn’t talked about a lot. Chain of Title completists, check it … Read more

Wells Fargo Apologizes After “Accidentally” Foreclosing Hundreds Of Homes

Another day, another ‘apology’ for screwing up from Wells Fargo. Six months after the Fed Slammed Wells Fargo with unprecedented sanctions – no more total asset growth until it cleans up its act – because of a pattern of consumer abuses and other lapses, that list grew over the weekend when the firm said it … Read more

WSJ: The Stealth Pension Mortgage on Your House

The Stealth Pension Mortgage on Your House Real estate is the ultimate collateral for unfunded state public employee retirement obligations. Most cities, counties and states have committed taxpayers to significant future unfunded spending. This mostly takes the form of pension and postretirement health-care obligations for public employees, a burden that averages $75,000 per household but … Read more

Unclean Hands: Chase Foreclosure Robo-Witness Darlene Marcotte Destroyed at Trial

“One who comes into equity must come with clean hands else all relief will be denied him regardless of merit of his claim, and it is not essential that act be a crime; it is enough that it be condemned by honest and reasonable men.” ~ Roberts v. Roberts, 84 So.2d 717 (Fla. 1956) ~ … Read more

Housingwire: Reuters Takes Aim at SFR Giant, Invitation Homes

Investigative piece alleges abuse by the SFR giant; Invitation Homes denies wrongdoing Leasing Lifestyle: When asked for its response to these allegations, Invitation Homes sent HousingWire this statement. The Reuters story deeply and unfairly mischaracterized the company’s service record and paints an inaccurate and distorted picture. We cited numerous errors and omissions regarding the specific … Read more

Ocwen Dead Last in JDPower’s Survey of Mortgage Servicer Satisfaction

Ocwen Dead Last in JDPower’s Survey of Mortgage Servicer Satisfaction Troubled mortgage company Ocwen Financial fell into last place on JDPower’s 2018 survey of borrower satisfaction with mortgage servicers. Ocwen’s score of 667 on a 1,000-point scale was the worst showing among companies that collect loan payments, JDPower said Thursday. Quicken Loans had the highest … Read more