MERS CoV: Deadly SARS-Like Virus Spreads To France And Saudi Arabia
Deadly SARS-Like Virus Spreads To France And Saudi Arabia Looks like Mortgage Electronic Registration Systems (MERS) may have some competition… The H7N9 bird flu virus in China isn’t the only scary new virus on the docket this spring. A second new virus, similar to SARS and named Middle East Respiratory Syndrome coronavirus (MERS CoV), has … Read more
Steady Stream of Lawyers Pour Out of Woodwork to Offer Help in Challenge of Colorado Foreclosure Law
Lawyers offer help in challenge of Colorado foreclosure law More than a dozen lawyers have surfaced with offers to help an Aurora woman in her constitutional challenge of Colorado’s foreclosure laws, a case she has battled on her own for about two years. After a federal judge’s temporary injunction Monday that looks to take on … Read more
PB Post Editorial on Foreclosure Bill HB 87 / SB 1666: With Friends Like Ms. Bondi in Tallahassee, Banks Hardly Need Another Gift
Editorial: Scott should veto the Legislature’s foreclosure bill The Legislature finally has passed a bill to ease Florida’s foreclosure crisis. The problem is, it’s a bad bill that Gov. Scott should veto. Rep. Kathleen Passidomo, R-Naples, sponsor of House Bill 87, believes that giving banks the right to seek a quicker hearing would get the … Read more
Abigail Field: NYAG’s Standing to Sue BofA
NYAG’s Standing to Sue BofA NY AG Eric Schneiderman’s suit to bring meaning to the servicing standards of the National Mortgage Enforcement Fraud rises and falls on how the D.C. Circuit interprets two provisions of the Consent Judgment. In my last post, I explained that one provision–the one sentence section II–seems to require that the … Read more
The Constitutionality of Colorado Foreclosure Law: US Bank Walks Away from Foreclosure on Aurora Woman
US Bank walks away from foreclosure on Aurora woman US Bank on Friday backed down from its efforts to foreclose on an Aurora woman whose federal court battle against it has taken on the constitutionality of Colorado’s foreclosure laws. Just days after lawyers for the bank told a federal judge they’ve always had the original … Read more
Michigan AG Informs National Mortgage Settlement Monitor About Concerns with Banks’ Settlement Compliance
Schuette Informs National Mortgage Settlement Monitor About Concerns with Banks’ Settlement Compliance LANSING -Attorney General Bill Schuette today sent a letter to Joseph A. Smith, Jr. head of the Office of Mortgage Settlement Oversight to alert him to concerns that certain terms of the National Mortgage Settlement are not being met by the banks that … Read more
Florida HB 87 / SB 1666, Homeowners, and the Foreclosure Inferno
Florida HB 87 / SB 1666, Homeowners, and the Foreclosure Inferno By Michael Collins A bill passed last week by the Florida legislature offers efficiencies and advantages to banks that may launch a major increase in foreclosures in the state known for its volatile real estate market. The only thing standing in the way is … Read more
Bank of America to Eric Schneiderman: You Can’t Sue Us for Violations of The National Mortgage Settlement
“In all that work and in related communications with your office, there was never any suggestion that there was any concern that Bank of America had engaged in ‘flagrant violations’ or any ‘pattern’ of violation that has now been suggested” ~ BofA: Schneiderman Has No Rights to Sue Bank of America is pushing back against … Read more
Fannie Mae to Pay Treasury $59.4 Billion After Record Profit
Fannie Mae to Pay Treasury $59.4 Billion After Record Profit Fannie Mae (FNMA), the mortgage-financier seized by U.S. regulators in 2008, will pay the Treasury Department $59.4 billion after reporting a record quarterly profit driven by rising home prices and declining delinquencies. The government-sponsored enterprise, which is operating under U.S. conservatorship, had net income of … Read more
Independent Foreclosure Review Payments Exceed $2 Billion
Independent Foreclosure Review Payments Exceed $2 Billion WASHINGTON—More than 2.2 million people have cashed or deposited more than $2 billion in checks related to the Independent Foreclosure Review Payment Agreement through May 9, 2013. To date, more than 3.9 million checks, totaling more than $3.4 billion, have been sent to eligible borrowers. The first wave … Read more
An Economy of Intangibles
An Economy of Intangibles By George Mantor It just keeps getting weirder and weirder. Maybe you missed this gem but the economy is about to get a whole lot better on paper. Too bad the game is played on pavement. We are about to have a spike in Gross Domestic Product without having to produce … Read more
HARRY SHEARER INTERVIEWS YVES SMITH ON THE INDEPENDENT FORECLOSURE REVIEW
HARRY SHEARER INTERVIEWS YVES SMITH ON THE INDEPENDENT FORECLOSURE REVIEW Listen to the podcast here. A link to Yves’ IFR e-book is here. Full transcript here. Interview recorded Thursday, April 18, 2013. ~ 4closureFraud.org Tweet
Wall Street Hiring More Ex-Government Prostitutes Officials to Assure it Gets its Way
Wall Street Hiring More Ex-Government Prostitutes Officials to Assure it Gets its Way The infamous James Carville quote, “Drag a hundred-dollar bill through a trailer park, you never know what you’ll find,” seems more applicable to official Washington than the much-maligned Paula Jones. Ben White at Politico (hat tip Paul Tioxon) provided an update on … Read more
Attorney General (NOT PAM BONDI) Announces Suit Against JPMorgan Chase for Fraudulent and Unlawful Debt-Collection Practices
Attorney General Kamala D. Harris Announces Suit Against JPMorgan Chase for Fraudulent and Unlawful Debt-Collection Practices LOS ANGELES — Attorney General Kamala D. Harris today filed an enforcement action against JPMorgan Chase & Co. (Chase) alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges … Read more
Singh v. Bank of America . . . . Documents!
Singh v. Bank of America . . . . Documents! All below… ~ 4closureFraud.org ~ Singh v Bank of America, N.A. – Complaint.pdf Singh v Bank of America, N.a. – Complaint Singh Order.pdf Singh Order.pdf Singh Order Singh BofA Opp to PI.pdf Singh BofA Opp to PI.pdf Singh BofA Opp to PI Singh – Order … Read more
Supreme Court Orders Magistrates Be Used in Florida Foreclosure Cases to Clear the Backlog
Supreme Court orders magistrates be used in Florida foreclosure cases The Florida Supreme Court issued an order today requiring the state’s circuit courts to hire magistrates to hear foreclosure cases in an effort to clear a docket-clogging backlog of hundreds of thousands of files. The order was in response to recommendations made by the Foreclosure … Read more
Florida Foreclosure Auctions Hit 30-Month High, Mass Evictions to Follow
Florida ranks second in foreclosure activity nationally with auctions ramping up Foreclosure auctions hit a 30-month high in April nationwide and jumped 55 percent in Florida from last year as banks and courts move more quickly to repossess homes. The pace of auctions last month was the highest it has been since lenders temporarily halted … Read more
Singh v. Bank of America: California Homeowner Bill of Rights Blocks BofA Foreclosure
California Homeowner Bill of Rights Blocks BofA Foreclosure A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a court injunction against two foreclosing parties: Bank of America and its ReconTrust Co. subsidiary. For simply obtaining the HBOR injunction, the homeowner’s attorney is requesting $20,255 in legal … Read more
Quelle Surprise! Banks Whining About Cost of Breaking New California Homeowner Bill of Rights
Quelle Surprise! Banks Whining About Cost of Breaking New California Homeowner Bill of Rights During the protracted negotiations over what was to become the 49 state/Federal mortgage settlement, New York attorney general Eric Schneiderman was hailed as a progressive leader and California’s Kamala Harris was characterized as an opportunist. Turns out the opportunist cut a … Read more
Law Offices of Evan M. Rosen: Our Latest Appeal – Witness Does Not Know the Name of His Plaintiff
Law Offices of Evan M. Rosen: Our Latest Appeal – Witness Does Not Know the Name of His Plaintiff Or anything else for that matter… Cross-posted from the Law Offices of Evan M. Rosen Even with our recent foreclosure trial successes, we clearly do not and will not win them all. Below is an excerpt … Read more
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