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

Nationwide Title Clearing Settles ‘Robo-Signing’ Suit in Illinois for $350,000

Nationwide Title Clearing settles ‘robo-signing’ suit in Illinois Illinois and Nationwide Title Clearing Inc., have entered into a consent decree that dismisses a lawsuit filed against the company last year, alleging it filed faulty mortgage documents with county recorders. The case, filed by the Illinois Attorney General’s office in Cook County Court in February 2012, … Read more

Bankruptcy and What it Means for You (Infographic)

SOURCE: http://www.bbakerlaw.com/ ~ 4closureFraud.org Tweet

MAY THE ODDS EVER BE IN YOUR FAVOR – THE REAPING

MAY THE ODDS EVER BE IN YOUR FAVOR – THE REAPING “Human history seems logical in afterthought but a mystery in forethought. In every prior Fourth Turning, the catalyst was foreseeable but the climax was not.” -The Fourth Turning – Strauss & Howe – 1997 We are five years into the Crisis that will not … Read more

Skewed: Income Inequality in America (Infographic)

Source: FinanceDegreeCenter.com ~ 4closureFraud.org Tweet

FLA 3rd DCA: Kelsey vs SunTrust Mortgage, Inc. – Note, Mortgage Are Impermissible Hearsay Unless Properly Authenticated

FLA 3rd DCA: Kelsey vs SunTrust Mortgage, Inc. – Note, Mortgage are Impermissible Hearsay Unless Properly Authenticated At trial, SunTrust’s only testifying witness was Lauren Gergeceff (“Gergeceff”), a mediation litigation specialist employed by Nationstar Mortgage, LLC (“Nationstar”).1 Gergeceff testified that she had no independent knowledge of the loan, she had only seen the subject note … Read more

The NYT Implies that Not Prosecuting JPMorgan Proves DOJ’s Vigor

The NYT Implies that Not Prosecuting JPMorgan Proves DOJ’s Vigor By William K. Black No one expects Andrew Ross Sorkin’s slavish “Deal Book” lackeys to demand that the elite Wall Street bankers whose frauds drove the financial crisis be imprisoned, but the slavishness to the banks revealed when major news stories emerge continues to irritate … Read more

Casey Anthony’s Orlando Home In Foreclosure

ORLANDO (CBSMiami) – Casey Anthony’s name is back in the news. A foreclosure is looming over the house where Anthony lived with her parents and 2-year-old daughter. A lender filed a foreclosure complaint against Anthony’s mother, Cindy, earlier this month. Nationstar Mortgage said Cindy Anthony owes almost $129,000 on the house, according to our news … Read more

Family Almost Evicted From Home A Day Before Thanksgiving

Family almost evicted in risky short sale “We were going to close the Monday after we had scheduled the move-in date,” Nathan Cooper said. The Cooper’s moved in last month, but shortly after, both of the mortgages on the home were sold. “So now the new servicer decided to put it directly into foreclosure,” Cooper … Read more

Bob Shiller on House Appreciation “It’s Different Now, We Can’t Trust Momentum”

Bob Shiller on House Appreciation “It’s Different Now, We Can’t Trust Momentum” “I just don’t see evidence that people believe we are launching into a great new era” of home price appreciation,”that’s what we had in the early 2000s.” Simply put, he chides Faber and Cramer, “people are not so excited about the future,” in … Read more

RealtyTrac: Cash Sales Pull Back From Previous Month… Institutional Investor Purchases Plummet Nationwide

Cash Sales Pull Back From Previous Month, Still Represent 44 Percent of Total Sales   Institutional Investor Purchases Plummet Nationwide, Up in Georgia, North Carolina RealtyTrac: Cash Sales Pull Back From Previous Month… Institutional Investor Purchases Plummet Nationwide IRVINE, Calif. – Nov. 25, 2013 — RealtyTrac® (www.realtytrac.com), the nation’s leading source for comprehensive housing data, … Read more

And in Other News… Faucets at $1,000 Abound as Home Equity Spigot Opens

  Faucets at $1,000 Abound as Home Equity Spigot Opens A year ago, New Jersey contractor Michael Mroz’s customers were focused on saving money when renovating kitchens and baths, he said. Now, with a resurgence of home equity lending, they’re ready to pay for the best. “People don’t want granite countertops — they want marble … Read more

A New Wave of U.S. Mortgage Trouble Threatens: Home Equity Lines

A New Wave of U.S. Mortgage Trouble Threatens: Home Equity Lines (Reuters) – U.S. borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to the country’s biggest banks. The loans are a problem now because an increasing number are … Read more

Man Facing Foreclosure Kills Self, Burns House Down on Same Day He was to Vacate

Man Dead in Dania Beach Home Fire A man was killed in a house fire in Dania Beach on Wednesday. Friends identified the man as Tad Vaughn, and authorities said they believe he killed himself. “I was standing in front of his house before the fire department got here,” neighbor Gloria Lawson said. “I had … Read more

Top Democrats Demand Answers on Independent Foreclosure Review Process

Top Democrats Demand Answers on Independent Foreclosure Review Process WASHINGTON, D.C. – In the absence of a long-promised public report, leading Democratic Members of Congress have called on federal regulators to disclose critically important information related to the Independent Foreclosure Review (IFR) process for 14 mortgage servicers and the $9.3 billion settlement that abruptly replaced … Read more