U.S. Regulators Examining Departures at Mortgage Electronic Registrations Systems (MERS)

U.S. Regulators Examining Departures at Mortgage Registry As the rest of the housing industry recovers, a little-known firm with a key role in U.S. mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees. The turbulence feeds uncertainty about the fate of Mortgage Electronic Registrations Systems Inc., or MERS, … Read more

Foreclosure Starts Up, Mortgage Originations Plunge To Lowest On Record

Foreclosure Starts Up, Mortgage Originations Plunge To Lowest On Record New mortgage originations fell over 23% month-over-month and a stunning 47% year-to-date according to Black Knight (formerly LPS). As they show in their detailed presentation, with a 65% year-over-year drop, new mortgage originations are at their lowest since their records began and what is perhaps … Read more

Foreclosure Fight Club: You Want Our Clients’ Houses? MOLON LABE!

Foreclosure Fight Club: You Want Our Clients’ Houses?  MOLON LABE! Cross-posted from The Law Offices of Evan M. Rosen By Evan M. Rosen The other night my wife and I saw the movie “300: Rise of an Empire.” It’s an expansion of the story behind the movie “300,” part prequel, part sequel.  The first of … Read more

“If You Don’t Have The Documents, Perhaps You Just Don’t Have The Right To Foreclose”

Watch the latest video at video.foxbusiness.com “IF YOU DON’T HAVE THE DOCUMENTS, PERHAPS YOU JUST DON’T HAVE THE RIGHT TO FORECLOSE.” Cross-posted from LIBERTY ROAD MEDIA In this largely friendly Fox Business piece from The Willis Report with host Gerri Willis, attorney Linda Tirelli alleges–as do we here at LRM–that Wells Fargo is in fact … Read more

Wells Fargo Foreclosure ‘Fraud’ Manual Under Fire

Wells Fargo foreclosure manual under fire Wells Fargo created an elaborate guide for how to produce missing documents to foreclose on homeowners, according to a lawsuit that has caught the attention of state and federal regulators. The bank denies wrongdoing, but the allegations rekindle claims that lenders, including Wells Fargo, used forged and shoddy paperwork … Read more

Foreclosure Fraud is Still Rampant. In Fact, it is More Brazen Than Ever!

Full details to come in the next few days on how to steal someone’s (a disabled vet) home…   PS This tops anything we have seen on an individual case to date. Beyond egregious. TBC… ~ 4closureFraud.org Tweet

Former Marshall Watson (Choice Legal Group) Robo-Signers, Patricia Arango and Caryn Graham, Suspended by Florida Bar

FOR IMMEDIATE RELEASE January 31, 2014 CONTACT: Karen Y. Kirksey; kkirksey@flabar.org TELEPHONE: (850) 561-5666  The Florida Bar  SUPREME COURT DISCIPLINES 21 ATTORNEYS Summaries of orders issued Nov. 13 – Dec. 13, 2013   The Florida Bar, the state’s guardian for the integrity of the legal profession, announces that the Florida Supreme Court in recent court orders disciplined 21 … Read more

Everyone Knows Plaintiff Owns the Loan, You Can Look It Up Online!

Know the Law, the Rules of Evidence and Procedure, the Facts and Don’t Give Up! Cross-posted from the Law Offices of Evan M. Rosen We won another trial recently.  Both the Plaintiff and the original lender were Suntrust.  For some reason, the Plaintiff moved to substitute to Fannie at the outset of trial.  I argued … Read more

Protect This House: The Value of a Building and Contents Policy

Protect This House: The Value of a Building and Contents Policy HBF home and contents insurance policies are intended to make your return to normalcy easier in the event of a fire, burglary or other adverse event. Building insurance covers damages to your dwelling structure itself, such as the walls or roof, while contents insurance … Read more

Robo-Zombies Attack! Full Deposition of Victoria Scott: Sham Verification of a Foreclosure Complaint

Robo-Zombies Attack! Robo-Signing Just Won’t Die Another great depo of a Robo Verifier who pretty much knows nothing about a foreclosure case… (be sure to check out the full depo below for the pre-fight, fight) The deposition of Victoria Scott took place on November 20, 2013, during which time Evan questioned Ms. Scott about her … Read more

AP IMPACT: The World Braces for Retirement Crisis

AP IMPACT: The world braces for retirement crisis WASHINGTON (AP) — A global retirement crisis is bearing down on workers of all ages. Spawned years before the Great Recession and the financial meltdown in 2008, the crisis was significantly worsened by those twin traumas. It will play out for decades, and its consequences will be … Read more

Pending Home Sales Plunge At Fastest Pace Since April 2011

Pending Home Sales Plunge At Fastest Pace Since April 2011 For the 5th month in a row, pending home sales missed expectations (though a silver lining is a positive print MoM – breaking a 5-month streak). Year-over-year, home sales collapsed at 4% – its worst drop since April 2011, and that even after prior data … Read more

Meet Wall Street: Your New Landlord – Blackstone’s Big Bet on Rental Homes

Blackstone’s Big Bet on Rental Homes The Blackstone Group LP, the world’s largest private equity firm, became the largest owner of rental homes in the U.S. , acquiring 41,000 homes in the past two years. In October, Blackstone offered the first-ever “rental-home-backed” security on Wall Street. The bond is backed by just a fraction — … Read more

OCWEN FINANCIAL CORPORATION CONSENT JUDGMENT

~ 4closureFraud.org Tweet

This Is What Happens When A Woman Gets Sick Of Divorce And Mortgages. And It’s Brilliant.

This Is What Happens When A Woman Gets Sick Of Divorce And Mortgages. And It’s Brilliant. Macy Miller is an architect from Idaho that had a BIG dream about a tiny house. She had always wanted a place of her own, but the thought of a mortgage sickened her after she lost her home to … Read more

US Orders Mortgage Servicer Ocwen to Help Borrowers with $2 Bln

US orders mortgage servicer Ocwen to help borrowers with $2 bln Dec 19 (Reuters) – U.S. officials on Thursday ordered the largest nonbank mortgage servicer to provide $2 billion in help to underwater borrowers to resolve allegations of misconduct that led to thousands of people losing their homes. Ocwen Financial Corp must reduce loan balances … Read more

Brothers Kicked Out Of School After Becoming Homeless Due to Foreclosure

 Brothers Kicked Out Of School After Becoming Homeless Two students who were kicked out of school after becoming homeless will temporarily be allowed back in their Pennsylvania district until a judge makes a final ruling on their case. The two brothers -– whose names have not been released to the public -– were expelled from … Read more

Lurid Subprime Scams Unveiled in Long-Running Fraud Trial

Lurid Subprime Scams Unveiled in Long-Running Fraud Trial “The people who sold these products reside very near the apex of human assholedom, and there were quite a lot of them, which unfortunately led to a worldwide financial crash. On what passes for the bright side, many of them were stupid enough to leave behind records … Read more

Secret Inside BofA Office of CEO Stymied Needy Homeowners

“Smart people would leave right away,” said Schnackenberg, the former Urban Lending manager. “You were left with people trying to take care of complex, aged files who were formerly assistant manager of a Taco Bell. It was a recipe for failure for homeowners.” ~ Secret Inside BofA Office of CEO Stymied Needy Homeowners Isabel Santamaria … Read more

JPMorgan Chase sues FDIC for more than $1B over WAMU

JPMorgan Chase sues FDIC for more than $1B JPMorgan is suing the Federal Deposit Insurance Corp. to recover more than $1 billion. It says the FDIC failed to make good on the promises it made to induce the bank to buy Washington Mutual when it failed in 2008. The New York bank says in a … Read more