Bloomberg News Columnist – Banks Foreclose First, Ask Any Questions Later: Ann Woolner

Banks Foreclose First, Ask Any Questions Later: Ann Woolner Ann Woolner Sept. 16 (Bloomberg) — U.S. home seizures reached a record for the third time in five months in August as lenders completed the foreclosure process for thousands of delinquent owners, according to RealtyTrac Inc. Bloomberg’s Su Keenan reports. (Source: Bloomberg) There was a time, … Read more

Washington Post – Lost in the system that took the house

Lost in the system that took the house By Ariana Eunjung Cha and Brady Dennis Washington Post Staff Writers Tuesday, September 28, 2010; 11:06 PM Luis Fernandez’s foreclosure documents never looked quite right. Critical papers regarding his Orlando home were missing dates, and some signatures appeared to him to be forged. The mortgage had been … Read more

Illinois Attorney General Madigan Demands Meeting with Ally’s GMAC Unit at Center of Foreclosure Fraud Controversy

ATTORNEY GENERAL MADIGAN DEMANDS MEETING WITH MORTGAGE LENDER AT CENTER OF FORECLOSURE CONTROVERSY GMAC Suspected of Submitting False Documents in Foreclosure Cases Chicago — Attorney General Lisa Madigan today issued a letter to the mortgage lender Ally (formerly GMAC) demanding a meeting to address concerns that the company has violated the state’s Consumer Fraud Act … Read more

Kristine Wilson – Robo Signer Part Deux – Ally’s GMAC Unit Withdraws Foreclosure Affidavits Signed by Second Employee

The Washington Post is loving this stuff… We are providing and they are reporting… Funny how we have been screaming this for about a year now and no one would listen until GMAC made their announcement last week. Letters to every regulating agency went ignored, letters to the Florida Supreme Court, the Florida Bar, and … Read more

Letter from Rep. Alan Grayson, Rep. Barney Frank, and Rep. Corrine Brown to Fannie on Foreclosure Mills

September 24, 2010 Michael J. Williams President and Chief Executive Officer Fannie Mae 3900 Wisconsin Avenue, N.W. Washington, D.C. 20016 Dear Mr. Williams, We are disturbed by the increasing reports of predatory ‘foreclosure mills’ in Florida working for Fannie Mae servicers.  Foreclosure mills are law firms representing lenders that specialize in speeding up the foreclosure … Read more