District Man Indicted for Conspiracy and Bank Fraud Over Allegedly Filed Forged Documents

District Man Indicted for Conspiracy and Bank Fraud Allegedly Filed Forged Documents, Leading to Nearly $340,000 in Ill-Gotten Gains WASHINGTON – David Tyrone Johnson, 48, of Washington, D.C. has been indicted on charges that he conspired to commit bank fraud and other crimes arising from a real estate scheme involving a forged mortgage satisfaction document. … Read more

Actor Stephen Baldwin is Fighting to Save his New York Home From Being Sold Off at a Public Auction

Actor Stephen Baldwin is Fighting to Save his New York Home From Being Sold Off at a Public Auction Actor Stephen Baldwin is fighting to save his New York home from foreclosure after being accused of owing the bank more than $1million in years of unpaid mortgage payments. Baldwin has headed to court to demand … Read more

The Script: Ocwen Lawyer Spoon-Fed Foreclosure Questions and Answers to Robo-Witnesses

“My conclusion is that it’s pretty clear—from what she’s saying and the document that she attaches—that they’ve been doing what I’ve been saying they were doing all along: telling clients want to say. These are listed out for the attorneys to ask the witness, and the answers that the witness needs to give are right … Read more

Robo-Testifiers: Proof of Bank Attorney Involvement

Robo-Testifiers: Proof of Bank Attorney Involvement Trial orders generally require the parties to disclose their witnesses before trial. It is typical that, even though servicers rarely use more than one witness at trial, they list several, even dozens, (62 in the example below) all to testify about the same thing because they do not know … Read more

Robo-Testifying In a Nutshell: The Triumph of Expediency Over Due Process in Florida Foreclosure Cases

Robo-Testifying In a Nutshell: The Triumph of Expediency Over Due Process in Florida Foreclosure Cases What is a robo-testifier or robo-witness? A person with little or no prior banking experience hired by the banks (servicers) for the job of testifying at hundreds of often back-to-back foreclosure trials who are specially trained by the servicers to … Read more

10 Year Interest Only Loans: Don’t Rule Out Another Bursting Real Estate Bubble

Don’t Rule Out Another Bursting Real Estate Bubble Every day, there are headlines announcing the housing crisis is over, that home prices are recovering and that Las Vegas is out of the woods (or nearly out). On the surface, these largely positive headlines are accurate, but it may be too early to celebrate. A few … Read more

U.S. Marshals Are Arresting People in Texas Who Have Outstanding Student Loans

 U.S. Marshals Are Arresting People in Texas Who Have Outstanding Student Loans Here’s what the U.S. government says about the student loan you may have been tardy about paying back: “If your loan is placed with a collection agency, you will be responsible for costs incurred to get payment. The holder of your loan can … Read more

Why Is the Obama Administration Trying to Keep 11,000 Documents Sealed?

Why Is the Obama Administration Trying to Keep 11,000 Documents Sealed? The “most transparent administration in history” has spent years trying to hide embarrassing financial secrets from the public For years now, the federal government has been quietly fighting to keep a lid on an 11,000-document cache of government communications relating to financial policy. The … Read more