Kindle Book Sale: The Big Short by Michael Lewis for $1.99

Kindle Book Sale: The Big Short by Michael Lewis for $1.99 The #1 New York Times bestseller: “It is the work of our greatest financial journalist, at the top of his game. And it’s essential reading.”—Graydon Carter, Vanity Fair The real story of the crash began in bizarre feeder markets where the sun doesn’t shine … Read more

The American Nightmare: Home Ownership at 48-Year Low

American Nightmare: Home Ownership at 48-Year Low Home ownership is at a 48-year low, driven in part by a shocking pattern of foreclosure that put 9.4 million out of their homes during the recent recession, according to a Harvard survey. In its “State of the Nation’s Housing 2016,” Harvard said that “the U.S. homeownership rate … Read more

National Mortgage Settlement: Ocwen Consumer Relief Reports Q2, Q3, Q4 2015

Ocwen Consumer Relief Q2, Q3, Q4 2015 June 23, 2016 Joseph A Smith, Jr. released Ocwen’s self-reported consumer relief through the second, third and fourth quarters 2015. Ocwen reported its consumer relief activities from the second, third and fourth quarters 2015 under the National Mortgage Settlement (NMS) to Monitor Joseph A. Smith, Jr. According to … Read more

More Recovery! The Number of Million-Dollar Homes in the U.S. Has Doubled in Four Years

The Number of Million-Dollar Homes in the U.S. Has Doubled in Four Years They have their own word for million dollar listings in San Francisco: Listings. There were 190,000 homes worth at least $1 million in the San Francisco metropolitan area in May 2016, or 57 percent of the city’s housing stock. That’s three times … Read more

LinkedIn: ‘Chain of Title’ Specialist Servicing Operations at Ocwen

Ocwen Employee admits she “Creates needed Documents” Courtesy of Livinglies.com Yesterday, we did have a good laugh. While doing some preliminary research on a “corrective” Assignment of Deed of Trust, we did a little background on an employee at Ocwen who had signed the assignment.  We discovered a profile for the document signer Amber K. … Read more

Wow… Quicken Loans Now Offering 1% Down Mortgages… But Not For Everyone???

Wow… Quicken Loans Now Offering 1% Down Mortgages… But Not For Everyone??? Not sure where to even begin with this so let’s just go straight to HW’s report… So how does Quicken Loans get from 1% down from the buyer to the 3% necessary to take part in Freddie Mac’s program? Quicken grants the extra … Read more

C’mon Cleveland: Man Threatens to Burn His Foreclosed Home – and Everybody in it…

C’mon Cleveland: Man Threatens to Burn His Foreclosed Home – and Everybody in it… PEPPER PIKE, Ohio — Welfare check, psychiatric situation; Ginger Wren Road: Cuyahoga County Adult Protective Services, along with a mobile crisis unit, were on the scene with elderly residents on the morning of June 20, where the husband was threatening to … Read more

NY Times: Countrywide Mortgage Devastation Lingers as Ex-Chief, Angelo Mozilo, Moves On

“Countrywide was one of the greatest companies in the history of this country and probably made more difference to society, to the integrity of our society, than any company in America in the history of America”  ~ Angelo Mozilo ~ Countrywide Mortgage Devastation Lingers as Ex-Chief Moves On Angelo Mozilo can finally get on with … Read more

Foreclosure Mill, Butler & Hosch, Which Collapsed Suddenly in 2015 is Facing $12 Million Dollar Lawsuit

Closed Orlando law firm Butler & Hosch sued for $12 million Orlando-based Butler & Hosch law firm, which collapsed suddenly in 2015, and its founder are facing a new $12 million dollar lawsuit. The new lawsuit was filed Tuesday in Baltimore federal court, by former business partners of Robert Hosch Jr. — attorneys Mark and … Read more

Woman Sues Specialized Loan Servicing (SLS) and FV-1 Inc. Alleging Foreclosure Fraud

Lending services sued for alleged violation of consumer law According to the complaint, the plaintiff alleges that in 2003, she secured a loan from BB&T through her then-mother-in-law, Dreama St. Clair, for the property known as 289 Tristan Lane, Princeton. Part of the requirement was that plaintiff should give the land’s deed of trust as … Read more

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