Proposed 50-State Foreclosure Accord Deadline Set for Feb. 3
State attorneys general have until Feb. 3 to decide whether to sign a proposed nationwide settlement of foreclosure wrongdoing with banks including JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) that may total as much as $25 billion.
State and federal officials have been negotiating an agreement with the largest mortgage servicers that would set standards for banks conducting home foreclosures while providing some mortgage relief to borrowers. Any accord would be separate from a state-federal probe of mortgage securitization launched last week.
Nevada Attorney General Catherine Cortez Masto wrote in a Jan. 27 letter to the Justice Department, the U.S. Department of Housing and Urban Development and Iowa Attorney General Tom Miller, who is helping to lead negotiations, seeking more details on the deal. Masto said she needs answers to evaluate the agreement because of the “sign-on deadline” of Feb. 3.
“I need this information as soon as possible to allow my office to continue to evaluate the proposal on behalf of the state of Nevada,” she wrote. Jennifer Lopez, a spokeswoman for Masto, confirmed the letter, a copy of which was obtained by Bloomberg News, and declined further comment.
Rest here…
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Another reason to investigate before mass settlement…
Jackie Ramos vs Bank of America, part 2
http://blogs.reuters.com/felix-salmon/2012/01/30/jackie-ramos-vs-bank-of-america-part-2/
“Remember Jackie Ramos? She caused a huge stir by going public, on YouTube, with her story of working for Bank of America, which fired her for allowing customers to pay off their debts with installment loans.
Now Ramos is back, and her latest story of Bank of America is even worse.”
CRIME-FRAUD EXCEPTION
‘There is no privilege under this article [dealing with attorney-client privilege] if the services of the lawyer were sought or obtained to enable or aid anyone to commit or plan to commit a crime or a fraud.’ California Evidence Code section 956
Where the entire attorney-client relationship is embarked upon in furtherance of criminal activity, and the relationship is permeated by criminal activity and the client takes an active part in it, the crime-fraud exception is satisfied notwithstanding that it may have been the attorney who originally conscripted the client for the illegal purpose. In re Impounded Case (Law Firm) (1989) 879 F.2d 1211, 1213-14.
In order to establish the crime-fraud exception to the privilege, ‘the party opposing the privilege must establish a prima facie case of fraud. [T]he party must also establish a reasonable relationship between the fraud and the attorney-client communication.’ Cunningham v. Connecticut Mut. Life. Ins. (S.D.Cal. 1994) 845 F.Supp. 1403, 1412
http://www.lectlaw.com/def/c180.htm
They obviously think the letter of the law does not apply to them..!!!! .The so called moneyed elite and their perps..that .proves this was an evil plan…and they never thought they would get caught! They thought they bought and owned the country! NOT SO FAST YOU DIRTY BASTARDS!!!
Please tell me Schneiderman&Co have not lost their minds.
Filing Fraudulent documents is Fraud. Not something to be laughed off in a settlement.
Unless there’s a reason the filer was told to file fraudulent documents that has something to do with who could be charging them to do so.
Last We Checked: There IS NO Statute of Limitations, on the CRIME of FRAUD
I hope they hear the sounds of the pitchforks being sharpened and the torches being lit!
Ron Paul coming up next on CNBC..KUDLOW REPORT…to talk about a new gold backed dollar,……..hmmmmm….new dollar……backed by whose gold?…BEWARE OF THE DECEPTIONS..!
CNBC’s KUDLOW WARNING…. FED POLICIES ARE BANKRUPTING AMERICA AND THEY ARE KILLING WHAT IS LEFT OF FREE MARKET CAPITALISM….!…!Wall Street mogul Jimmy Rogers warning…Romney is no different than Obama…ROGERS warning true inflation has not hit yet…the OBAMA ADMINISTRATION IS KICKING THE CAN DOWN THE ROAD!….MY TAKE…REFIS AND LOAN MODS ARE THE DEVIL..!
MAKE WALL STREET PAY FOR ALL OF THEIR FRAUD DEBT!!!!!
Kudlow warning…WE ARE ON THE PATH TO BANKRUPTCY THANKS TO WALL STREETS FRAUD AND THE FEDERAL RESERVES MONEY PRINTING!!!!!
Kudlows pissed off at the FED tonight..stark raving mad! Its about time!
The FEDERAL RESERVE is sending America to the poorhouse.!!!!..their FIX for that will be..THE VATICAN/ROTHSCHILD GOLD STANDARD BACKED CURRENCY…. AND THEN THE MICROCHIP!!!! WE NEED STATE BANKS AND OUR OWN CURRENCY….!
Senate votes down Stock Act in preliminary vote….The Stock Act will prevent members of Congress from insiders trading…!
FED MINEY PRINTING KILLS!!!!
..FED MONEY PRINTING KILLS!!!
Looks like they suckered Zuckerberg into an attempt to rescue Wall Street with the new Facebook IPO….Zuckerberg said he would NEVER GO PUBLIC WITH HIS COMPANY! IMO. Zukerberg is a sell out to humanity and he is selling not only his company out, but his soul…BTW… nothing will save Wall Streets broke asses…!
i’m afraid that they would be drowned out by the sound of the pressurized steamed milk being made
for the AGs Starbucks Caffe Lattes.
FULL RESTITUTION (return of homes and/or money) is needed not a settlement that does not punish
the banking criminals or fu;;y compensate the victims of the foreclosure and mortgage crimes.
Oh, I see, Miller has gone to the Pilosi Political Playbook and selected the ‘Two-Minute Drill’ option or the “First we must pass the legislation to find out what’s in it” ploy.
Their arguments are gettin’ pretty thin and it appears the banksters are maybe getting a bit apprehensive about getting the ‘cuffs slapped on since they’re having Miller impose such near-term deadlines that no reputable individual would possibly accept.
I wonder what the penalty will be for sodomizing the country?