Alabama AG Strange voices concerns about scope of mortgage foreclosure deal
WASHINGTON — Alabama’s top prosecutor told Congress on Thursday that mortgage servicers who broke the law in dealing with homeowners should be punished, but he also cautioned against additional regulations that could slow down a recovery in the housing market.
Attorney General Luther Strange, a Republican, said he supported the efforts of all 50 state attorneys general in negotiating a settlement with the industry that was caught last year cutting corners in order to rush faulty mortgages into foreclosure. Those talks are likely to produce new rules for doing business as well as financial penalties for those who committed fraud, such as robo-signing documents without verifying key information.
But in testifying before members of the House Financial Services Committee, Strange said he suspected the deal might go too far.
“I am concerned that what started out as an effort to correct specific practices harmful to consumers has evolved into an attempt to establish an overarching regulatory scheme that fundamentally restructures the mortgage loan industry in the United States — an effort which is well beyond the scope of responsibility of attorneys general,” Strange said.
Check out the rest here…
This was from the comments on the article…
“So far in Alabama I don’t know of anybody that’s been foreclosed on that shouldn’t have been,” Strange said. Wow! Really? Is he kidding?
I am currently handling about ten cases, and I know of attorneys with many more. I am mediating a case TODAY where Bank of America foreclosed on my clients, and they didn’t even have a loan on the home.
This is absolutely amazing and shocking! To hear our State Attorney General suggest that there is no fraudclosure in Alabama is ridiculous and shows his total lack of having his finger on the pulse. Additionally, to say Alabama has adequate consumer protection laws is laughable. We have some of the worst consumer protection laws in the country.
I am just amazed.
~
Hi,
I’,m Corla Jackson…
I Know They Lie And Can Never Be Trusted! When They Have Their Firms Commit Fraud And Judges Commit Fraud Upon The Courts, You Cannot Get Any Worse Than That. They Actually Cover Up And Commit High Crimes The FEDS-SEC Never Know Anything About Because They Block The Cases From Being Heard Through Their Firms Based Upon Fraud Which Lead To More Fraud On Top Of Fraud Upon The Court.
The Only Way To Bust Them Is To Force Them Through The Courts To Leave The Paper Trial. Jeff Sessions Was The State Senator He Never Reported Any Of This To Congress Or To The SEC-Federal Reserve FBI Outside Of Alabama Or Anyone. I Decided To Bust Them Myself, Forcing Them To Leave The Paper Trail Through The Judicial System So No One Could Lie Because, The State Of Alabama Got Their Chief Judges-Judges Committing White Collar High Crime Robbery Link To Massive Stolen Mortgages And I Know This For A Fact-There Are Thousands Of Victims In Alabama And Their Firm Is Linked Nationwide, Linked To Crimes Outside Alabama As Well.
When I Got Robbed Luther Strange Worked For The Firm That Robbed Me, As Well As Other Victims-Of Course He’s Going To Lie, He Benefited Multiple Was As Well As Their Clients They Flipped Those Stolen Identity’s And Homes With For Illegal Profits With Their Firms-They All Benefited One Way Or Another Guaranteed…
I’m Not Surprised At His Lies Or Any Judge Lying For Them To Cover Up These Crimes Linked To Stolen Homes Link To Trust Around The SEC. How Did Joseph Smith Credit Them For Paying Victims When Victims Did Not Get Paid, They Were Robbed All Over Again And They Got The Money As Well As Their Affiliates!
The Feds Think Victims Were Paid Because The Cases Were Blocked And They Couldn’t Here Are See Those Cases Outside Their Illegal Foreclosure Profiting Ring…I Can’t Believe The FEDS Can’t See Victims Never Got Paid In Full Or At All, They SCAMMED The FEDS-Joseph Smith And They Got The Money!
Follow My Story Because They Are Busted Weather They Know It Or Not. The More They Lie And Cover Up The Truth The Worse It Get For Them Not Me Guaranteed! They Actually Robbed Me On Insured Covered Losses And Kept The Money Causing Me Massive Damages In Multiple Ways… They Keep Trying To Cover Up, Which Isn’t Going To Work!
http://www.gulfcoasttribune.com
Sincerely,
Corla Reeves Jackson
another stinkin parasatical liar. out with all of them!!!
Another political moran and I mean MORAN!
I’ll be praying for this whore governor. He’ll come to a crossroads in his life of truth and lies very soon. He will soon be one of our (victim customers of banks) biggest supporters. Jesus is opening his eyes. I promise.
Attorney General Strange may be in denial, but these folks aren’t.
http://blogs.ajc.com/business-beat/2011/07/11/july-foreclosure-notices-up-16-percent-in-metro-atlanta/
How about Herman Kane?
Ali
Mr.Kane is a business man. He has worked in the real world, with his hands. That can
make all the difference in how he would perform in a political position. He would
necessarily be more realistic in what could be promised, and what would work.
More needs to be learned about him to know if he would turn this country around
financially.
I LIKE KANE AS WELL! WE NEED TO MAKE SURE KANE, PALIN AND OR MICHELLE BACKMAN ARE PRESIDENT AND NONE OF THE GOOD OL GUYS GET OFFICE.
I have one word to say only to this AG, Bull !
This guy is unbelievable. There was no consumer protection in mortgage lending and that alone is a crime. . They gained our trust and that is how they destroyed MAINSTREET..
perfect name for the Alabama AG – STRANGE
We need a nice LLC to use to file 1) a substitution of trustee, and 2) an assignment of mortgage or DOT. Then prompt the new trustee to file the NOD on this Arkansas ignoramus’s house, followed by the NOS.
It needs to be a nice complex business that has this LLC filing so it is tough to track down.
The trustee firm used could be one of the elite pieces of crap such as Quality (what an IRONY that they are ‘trustees’ but have ‘Loan Servicing’ in their name).
Let this numb-skull AG learn how difficult it can be to try to prove that the entity doing the assignment has no right to do any assignment. As long as his mortgage has MERS in it, it could be a mess for him to get stopped. He might be lucky enough to have a judge refuse to look at the documents.
You know something? I think you’ve got an excellent idea. He’d have hell proving he wasn’t
a dead beat home owner once those papers showed up at the county court house where his
home is located.
I am so sorry for the citizens of Alabama. Talk about ignorance. The laws of the state are being enforced by this man, sad.
Here’s a list of the foreclosure mills in Alabama that were enthusiastic (award-winning) users of Lender Processing Services in ’06 and ’07. Does anyone doubt that substantial numbers (like, 100%) of the affidavits submitted by these mills in foreclosure filings were FRAUDULENT?
SIROTE & PERMUTT, P.C.
Dumas and McPhail, L.L.C. (also in MS)
Shapiro & Pickett, LLP
AL Scott J. Humphrey
Albertelli Law
Ah, Gerald Shapiro… when is someone going to indict GERALD SHAPIRO???
Just another jerk-off republican shooting off his mouth, defending the banks and let’s not forget the wealthy!!!
This moron should join forces with the winner AG we have in Fl, and bring down whatever little justice is left in our courts!
AMEN to that one!
What an a-hole. Him and that awful Bondi are two of a kind.
WOW, THIS GUY IS AN ASSHOLE.
FUCK HIM! Has anybody seen any Republican, Tea party candidate or think tank Republican whose ideas are not crazy and will destroy what is left of OUR ONCE GREAT COUNTRY!
Who do you think wrote all of the Jim Crowe laws, and the original gun control laws to keep black
from defending themselves from groups like the KKK?
It was young democrats who founded the KKK.
The only thing the tea party wants is smaller government and lower taxes,.
As far as that goes anyone who is a long time in the bed republican or democrat needs to go.
Our government on all levels needs to have term limits including the Supreme Court.
And once a person has been office until they reach term limits should be prohibited from ever
working as a lobbyist. Those who choose to be lobbyist should also be prohibited from ever being
able to run for office, including as a dog catcher or a road commissioner. That will stop a lot of the
cronyism and statism.
Nonsense Readdocs, All tea party candidates and many followers are Republican “think tank” graduates! So far right it is absurd. This is not a “grass roots” party……….take it from a former republican………they are a fraud……..and still call me all the time looking to draw me in to their wild, crazy……web of deceit!
Everything else you say is agreeable to me!
And all lobbyists should have to register who they raise funds from…..public transparency.
Ooookay Housemanrob, who do you think should have the reins government then, the
democrats? They had full control of the House, the Senate, and the Presidency
and cannot make a balanced budget. The democrats have had more generations in
control of the federal and many state governments since the civil war…how’s that
working out?
As to the tea party movement, it is a grass roots movement.
/been there and done that…and have the Tshirt!
Independent
Both parties are corrupt and useless. We have to start thinking outside of the box. The 2 party system is completely broken down. Repub/Dem, no different.
Touche Readdocs, You got me threre, but…….. that was going to be my next question, when you responded…………..but you beat me to it! My answer is Ron Paul?………Rand Paul? Dennis Kucinich (check spelling)? but truly….. if only we could find a candidate who will not sell us out!
Housemanrob,
I don’t know who, other than NO ONE who is now in office. NO ONE who is in politics
now. or has been in politics.
Our government is fubar’d and needs to be replaced not “fixed”.
We are in deadly peril.
more of the same bl bla blaa
As to that Alabama AG….he just needs his home to go into foreclosure to understand
the fraud that is nationwide.
He is totally aware………just another pathological liar!