Sen Robert Mendez – Foreclosure Fraud in New Jersey – Fuhgeddaboudit

Forget about it is like if you agree with someone, you know, like Raquel Welch is one great piece of ass, forget about it. ~ Donnie Brasco (1997) More at IMDbPro Senator Menendez Sends Stern Letters to Banks, Asks for GAO Investigation JP Morgan Chase: http://menendez.senate.gov/imo/media/doc/20101005ltr_JPMorgan.pdf Bank of America: http://menendez.senate.gov/imo/media/doc/20101005ltr_BoA.pdf Ally Financial: http://menendez.senate.gov/imo/media/doc/20101005ltr_Ally.pdf Mortgage Servicers … Read more

The Market Ticker – An Open Letter To The California Democratic Caucus

An Open Letter To The California Democratic Caucus Dear Sirs and Madams; I’ve read your impassioned letter to Ben Bernanke, Eric Holder and Comptroller Walsh. You have good intentions, but you miss the point. The excuses we have heard from financial institutions are simply not credible three years into this crisis. People in our districts … Read more

KABOOM – Class Action vs MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, GMAC, DEUTSCHE BANK, NATIONSTAR, AURORA, BAC, CITI, US BANK, LPS, et al

So I get this call today from this lawyer out in Kentucky about some class action case etc. that I never heard of before. Well, I just had a chance to skim through the document (was putting up Halloween decorations) and it looks good to me so here it is… GREAT WORK HEATHER BOONE MCKEEVER!!! … Read more

Arizona – U.S. Rep. Gabrielle Giffords Calls For a NATIONAL Foreclosure Moratorium

U.S. REP. GABRIELLE GIFFORDS CALLS FOR FORECLOSURE MORATORIUM Congresswoman says a halt to foreclosures would allow lenders and loan servicers time to ‘get their act together’ TUCSON – U.S. Rep. Gabrielle Giffords today called for an immediate three-month national moratorium on foreclosures so lenders and loan servicers can address rampant problems that have led to … Read more

This is NOT About Free Houses – Market Ticker Foreclosure Fraud Update: Weekend Condensed Edition

“This is not, at this point, about whether the homeowner is paying or not.  I am not going to sit here and try to justify the impossible-to-justify – giving people free houses.  That is something we clearly cannot do. No, I’m going to make the case here instead that this is not about “free houses” … Read more

NY Times – Old Republic National Title Stops Insuring Titles in Chase Foreclosures

TOXIC TOXIC TOXIC TOXIC TOXIC TITLES TITLES TITLES TITLES ~ Company Stops Insuring Titles in Chase Foreclosures By DAVID STREITFELD Published: October 2, 2010 A major title insurance company has stopped insuring homes foreclosed by JPMorgan Chase, another sign that the controversy over the legal practices of the big lenders is starting to influence the … Read more