JP MORGAN INSIDER – “CHASE is in the Foreclosure Business, NOT the Modification Business.”

INSIDE CHASE and the Perfect Foreclosure “JPMorgan CHASE is in the foreclosure business, not the modification business’.”  That, according to Jerad Bausch, who until quite recently was an employee of CHASE’s mortgage servicing division working in the foreclosure department in Rancho Bernardo, California. I was recently introduced to Jerad and he agreed to an interview.  … Read more

Hello Connecticut – Mortgage Foreclosure Standing Order – All Foreclosures Frozen Until Defendant Can Apply for Relief Under Federal Loss Mitigation Programs

Standing Order on Mortgage Foreclosure Mortgage Foreclosure Standing Order – Federal Loss Mitigation Programs has been posted to the Judicial Branch’s website. This standing order is effective September 1, 2010. ~ The purpose of this standing order is to ensure that no mortgage foreclosure proceeding is initiated, no previously initiated mortgage foreclosure proceeding goes to … Read more

More and Better Predatory Loan Servicing Fraud

Commentary by George W. Mantor RISMEDIA, August 17, 2010—As the vast majority of applicants for loan modification have learned, HAMP, the Home Affordable Modification Program, is little more than a thinly disguised mechanism through which to conclude the foreclosure process on behalf of financial intermediaries who never loaned a dime and never lost a dime … Read more

We have been expecting you – The Fox is Inventorying the Hen House and is Taking Volunteers

“Think about this,  when you fill out the forms for the modification program you give up all,  and I do mean all of your personal financial information.  The servicers,  not investors or even the investors representatives know all about you.  They know how much you are making,   they know how much is in your retirement … Read more

Making Home Affordable Program Servicer Performance Report Through March 2010

Funny how Washington reports “HAMP represent a cumulative savings of more than $3 billion” when the NY Times reports “Defaults Rise in Loan Modification Program” WASHINGTON – The U.S. Department of the Treasury and the Department of Housing and Urban Development today released March data for the Administration’s Home Affordable Modification Program (HAMP). As of … Read more

HAMP – Treasury Department’s Mortgage Modification Programs – A Failure Prolonging the Economic Crisis

U.S. House of Representatives Committee on Oversight and Government Reform Treasury Department’s Mortgage Modification Programs: A Failure Prolonging the Economic Crisis Minority Staff Report U.S. House of Representatives 111th Congress Committee on Oversight and Government Reform INTRODUCTION This report by the Committee on Oversight and Government Reform Republican Staff  tracks the history of the Obama … Read more

Bank of America at it Again – Foreclosed on Over 40 Cents?

By WINK News Story Created: Feb 11, 2010 at 4:33 PM EST Story Updated: Feb 11, 2010 at 6:33 PM EST LEE COUNTY, Fla- In the middle of the multi-billion dollar foreclosure crisis, there’s a southwest Florida family that could lose their house over a 40 cent mistake. According to the homeowner, that mistake was … Read more

Home Affordable Modification Program HAMP – Program Update and Resolution of Active Trial Modifications

January 28, 2010 TG-516 Administration Updates Documentation Collection Process and Releases Guidance to Expedite Permanent Modifications WASHINGTON – As part of the Administration’s ongoing housing market stabilization plan, the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD) today released updated guidance for servicers participating in the Administration’s mortgage modification … Read more