News related to the Foreclosure Crisis

The biggest unpunished theft in human history

2013

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 Date

Article  (Recent Additions)

Author

  Comment

12/28/00

Attorney General Mike Hatch Sues Fleet Mortgage Over Data Sharing Practices.  

      PR Newswire

Devious financial services creativity from three years ago!
White paper

12/18/00

THE PRIVATIZATION OF BIG BROTHER

Mike Hatch  

Minnesota Attorney General

White paper titled: 

Protecting Sensitive Personal Information

From Commercial Interests In The 21st Century

11/16/00

2000 Conversation with Freddie Mac

Despite the fact that we contemplate that most documents that begin on paper might eventually end up being electronic, that we don’t mean it with respect to the written promissory note. 

MSFraud 2006 archives "If there is anything in the world clear under the UETA and ESIGN is that once a promissory note is executed on paper it stays on paper.  And if you were to digitize it and then shred it there’s a very good chance you’ve forgiven the debt. So for heaven’s sakes whatever else we might do let’s not start talking about shredding paper promissory notes."

BUT THE INDUSTRY SHREDDED THEM ANYWAY.

10/21/00

TransUnion Illegal Sale of Personal Credit Information 2000 FTC Documentation

FTC.gov

The Federal Trade Commission has ordered the Trans Union Corporation to stop selling consumer reports in the form of target marketing lists to marketers who lack an authorized purpose for receiving them under the Fair Credit Reporting Act (“FCRA”).
9/11/00 LOGS Financial Services, Inc. 

Discussion to Promote Reform of the Fair Debt Collection Practices Act

Business Wire In attempting to satisfy both the FDCPA and other laws, the attorney often creates more confusion for homeowners and frustrates their efforts to reinstate the mortgage loan.
8/9/00

Intrigue, Investigations Embroil a Courthouse; From Public Defender to Chief Judge, Allegations Seem Epidemic in Florida 

Washington Post With criminal and ethics probes targeting every level of the judicial system in this county of nearly 1 million people, it's gotten to the point where some of the state's most powerful people cringe as they open the newspaper each morning.
White paper

5/24/00

Increase in Predatory Lending and Appropriate Remedial Actions

Margot Saunders
National Consumer Law Center

Part I:   The Failure of the Marketplace to Protect Consumers

 

Part II:  The Home Ownership and Equity Protection Act Should Be Expanded to Cover More Loans and Provide More Protections.

 

Part III: Three Other Federal Laws Should Be Changed to Address the Predatory Mortgage Problem

3/31/00

PMI Announces Major Investment in Specialty Mortgage Loan Servicer

PR Newswire   The early story on the PMI "investment" in Fairbanks Capital.
3/15/00

MORTGAGED LIVES: A special report. Profiting From Fine Print With Wall Street's Help  

By DIANA B. HENRIQUES 

with LOWELL BERGMAN, 

New York Times  

Although over three years old, a great history lesson in classic predatory lending and how Wall Street backs it.
  Borrowers Beware By Teresa Dixon Murray
Reporter, The Plain Dealer, Cleveland, Ohio
Tom, who has spent several hours every week for the last 16 months trying to fix the problems, says he can no longer stand to think about what the lender has done to his family. "I'm so tired," he says. "Things happen, little things, and I can't take it. Mentally I'm losing it. Why can't somebody do something so this doesn't happen to people?"

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