“Miller said the 50 attorneys general participating in the investigation want criminal prosecutions as part of a big settlement with home-loan providers.”

Prosecutions as part of a settlement? Maybe this is just a matter of interpretation, or semantics, and I really don’t mean to be picking gnat sh*t out of pepper, but it sounds like Miller is providing an opportunity for the worst players to provide a few “patsies” that can be thrown under the bus and then, per the terms of some sort of “negotiated settlement,” will allow all others to walk away with no reprisals at all.

I don’t believe our alleged justice system can continue looking the other way, failing to prosecute violators, assessing miniscule fines, etc., and still be considered to be dispensing “justice.” I completely lost faith some time ago.

Perhaps the wikileaks revalation will open the door.

What happens if the US treasury and the Fed are in cahoots with the bank executives?

The foreclosures must stop, all of them. Regulators must order their member banks to cease and desist their RICO.

Great point! And also a simple answer; the FHA should just mark any house w/ positive equity as prime and refi at market rates. Given how many homes are underwater this seems like an easy solution which benefits the homeowner, the overall economy, and may slow down the erosion of property values as positive equity is swallowed up by foreclosure servicers and mills while the elderly lose their homes and home prices for everybody decline more quickly when these homes flood unnecessarily flood the market.

Between HAMP, HAFA, TARP, and TALF it almost seems like government wants to push people into foreclosure. This makes no sense for either liberals or conservatives, and is such awful economic policy that I can’t imagine what politicians and regulators are thinking.

“To be clear, the States do not believe that every foreclosure is a tragedy that must be avoided. To the contrary,
we have consistently stated over the last three years that we are only interested in modifications where the
cash flow from the modification exceeds the expected proceeds from a foreclosure sale.”

This means that he has no intent to help anyone who has significant equity in their home, because the banks can make more money by kicking those homeowners to the curb and tapping into that equity.

This sure sounds like an effort to help MORTGAGE INVESTORS, NOT struggling homeowners.

Homeowners with equity are NOT underwater, are the MOST financially vested in their homes, and are disproportionately middle-aged or older homeowners who have been in those homes for years. They would seem the mostly likely to deserve help if Mr. Miller was trying to help HOMEOWNERS, not INVESTORS!

Ignoring what is arguably the most deserving group of struggling American homeowners is a travesty. Furthermore, I suggest that it is an undeniable indicator of Mr. Miller’s real motives.

I sure hope I’ve interpreted Mr. Miller’s testimony incorrectly and would welcome a clarification.

David J Stern still has a license to practice law. He’s still wandering around free. If anybody were still willing to hire him he’d still be filing foreclosures by the truck full.

The people who hired him continue to receive free government money our children and their children will have to repay under the guise of “quantitative easing.” They’re cashing record bonus checks while they’ve gutted the US economy, decimated our legal system, and continue their lie that the collapse of their Ponzi scheme is just a bump in the road that’s annoyed a few cranks.

So, Miller… Get to it or stop talking about it. After Hope Now, HAMP, HAFA, and every other scam designed to do nothing but make the cattle walk happily towards the door we don’t believe you. Skip the words, we want handcuffs, forfeiture, and long prison sentences and not just for a some $25K/yr ding-dong robo-signers but for the people who hired the people who hired the people who hired their bosses.

We hire you and elevate you to a place of great importance in our society and it is squarely upon your shoulders, like it or not, when your fellow judges continually and with monumental evidence to the contrary, keep rendering decisions against the people of this nation and in favor of Corporate America.

This is past mistake and even past shame. You have proven your allegiance through collusion with the criminals of our society and as such, you all, have joined their ranks. Pray the rest of America never wakes to your crimes.

LAWYERS WHO FILE FORECLOSURES SHOULD ALSO BE INVESTIGATED

Foreclosure lawyers are officers of the court; knowledge of applicable laws and civil procedure is not required from mortgage lenders, nor loan servicers. Inadequate or questionable foreclosure leads to useless property deeds that impede real estate sales; title insurance companies reluctant to cover foreclosed properties; mortgage default claims are being disputed due to defective foreclosures. . .Sample of fraudulent foreclosures:

–Deliberately use of defunct lenders or lenders without “standing” to execute false civil and bankruptcy foreclosure proceedings.
– Create and conceal malpractice, delay foreclosures, engineer billable litigation fees.
– Orchestrate sham foreclosure auctions; property never acquired by lenders, but by ‘straw buyers’
– Commit actionable wrongs (unfair debt collection, fraud, various torts) that give rise to lawsuits
– Engage in self-dealing foreclosures by which some lawyers themselves gain foreclosed properties
–Foreclosures via names of defunct lenders, illegally recorded property deeds, flipping, blighted communities
– Unconscionably create false deficiency judgments against property owners after straw buyers acquire homes for pennies on the dollar
– Intentionally false Bankruptcy court “Motion to Lift” and “Proof of Claim” on behalf of NON-EXISTENT lenders, concealing fact of “non-secured” mortgage debt.
–Involved in fraudulent collection of property damage and mortgage insurance for illegally foreclosed homes
–Fraudulent foreclosures abet loss of property taxes to city revenue, rodents, vagrants
– Thousands of families made unlawfully homeless from null foreclosure proceedings.

**more: Request for Congressional Foreclosure Panel to Examine Foreclosure Lawyers
http://www.change.org/petitions/view/request_for_congressional_foreclosure_panel_to_examine_foreclosure_lawyers#

I dont care what he says ie mr miller or what the exec committee says. their mission is to protect the big banks and the exec committee and mr miller and wash state atg have already cut a side deal here with wells fargo bank to get out of paying fines by saying they will do loan mods.

they havent done a thing ie wells fargo allegedly except allegedly continue to foreclose.

I dont have any belief or respect for mr miller or his exec committee. if you look at the ATG track record there is only one that has done anything in the last ten years to stop this scamming and fraud alleged that is, and that is the ATG of New York Mr. Cuomo and Mr Spitzer when he was the ATG.

that is who we need to be head of the exec committee not mr. miller. we need to lobby to have the ATG of new york fight for us homeowners. they are the only ones that really understand the depth and breath of this bank and mortgage servicer fraud. historically there has never been in the last 30 years, any prosecution of any mortgage servicer or their trustee eviction agents in this country in the last fourty years.

DO NOT TALK TO US MR MILLER about what you are going to do, talk to us what you have DONE today.

Like in NOW and DEMAND AN instant HALT TO all foreclosures going back the last five years. and full restitution to the homeowners. like a friend of mine once said

BS WALKS and MONEY talks.

right now all we get is BS from these govt people. SHOW ME THE MONEY.

NOW mr miller , mr becca and mr huey.

best regards
DAvid Black