Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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03/21/17

NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis

Housing Wire

NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis
The president of the Federal Reserve Bank of New York told the Banking Standards Board in London on Tuesday that he sees quite a few similarities between the Wells Fargo fake account scandal and the subprime mortgage crisis of the late 2000’s...

03/18/17

Why would Goldman Sachs buy Delinquent and Defective Mortgages?

Living Lies

Why would Goldman Sachs buy Delinquent and Defective Mortgages?
Just last year Goldman Sachs entered into settlements with state and federal governments over the sale of toxic mortgage backed securities to investors while subsequently shorting the very same securities they were selling...

03/17/17

How ‘Consumer Relief’ After Mortgage Crisis Can Enrich Big Banks

NYTimes.com

How ‘Consumer Relief’ After Mortgage Crisis Can Enrich Big Banks
In every multibillion dollar settlement with a big bank that peddled faulty mortgage securities, a major provision has been a requirement that the bank provide “consumer relief.”...

03/17/17

ATTOM: Foreclosure activity hits 11-year low

Living Lies

ATTOM: Foreclosure activity hits 11-year low
But foreclosure starts increased in 15 states...

03/16/17

Suffolk County Launches Foreclosure Prevention Hotline

WSHU.org

Suffolk County Launches Foreclosure Prevention Hotline
Suffolk County Executive Steve Bellone has unveiled a Foreclosure Prevention Hotline to help alleviate the number of foreclosures in the county. The hotline will connect residents with free resources and services to help them prevent foreclosures...

03/16/17

Bailee Letter Shows LPS is Central to Data Records

Living Lies

Bailee Letter Shows LPS is Central to Data Records
Based upon my analysis I concluded years ago that there were (a) no creditors and (b) virtually no actual servicers. The servicers and the Trusts and the so-called beneficiaries under a deed of trust are all manifestations of an illusion created by Wall Street...

03/15/17

Save the federal consumer watchdog: The CFPB protects us all

NYDailyNews.com

Save the federal consumer watchdog: The CFPB protects us all
President Trump’s determination to eviscerate the Consumer Financial Protection Bureau proves that he prioritizes the coffers of the megabanks over the pocketbooks of the Americans he vowed to defend during his campaign...

03/14/17

Your Wallet Will Suffer If This Agency Is Gutted

NerdWallet.com

Your Wallet Will Suffer If This Agency Is Gutted
The Consumer Financial Protection Bureau has saved Americans $12 billion, but many businesses and congressional conservatives want to eliminate it...

03/14/17

Deception of the Day: Fannie Mae Announces “Winners” of its Latest Non-Performing Loan Sale

Living Lies

Deception of the Day: Fannie Mae Announces “Winners” of its Latest Non-Performing Loan Sale
Editor’s note: There are no “winners” when it comes to the purchase of Fannie Mae’s non-performing loans. These loans, in the majority of cases, were never delivered to the trusts and often require the fabrication of notes and assignments to create the illusion of legitimacy. Fannie Mae, the quasi-governmental lender, is well aware that these loans are...

03/14/17

Higher credit scores are on the way, thanks to new standards

CNBC

Higher credit scores are on the way, thanks to new standards
Consumers may be one step closer to a higher credit score. A recent report by the Consumer Financial Protection Bureau outlined...

03/14/17

The End of Make Home Affordable aka the Modification Hell Act

Living Lies

The End of Make Home Affordable aka the Modification Hell Act
The Making Home Affordable (MHA) program did what it intended to do- it Greased the Runways so unsuspecting homeowners operating in good faith would be forced into default...

03/14/17

DEFENSE ATTORNEY SAYS JUDGES KNOWINGLY CREATE FORECLOSURES IN FAMILY COURT

Pennsylvaniabulletin.com

DEFENSE ATTORNEY SAYS JUDGES KNOWINGLY CREATE FORECLOSURES IN FAMILY COURT
Speaking on guarantee of anonymity, an attorney who does pro bono legal work says that the court system in Pennsylvania, is the precise cause of many foreclosures...

03/14/17

Carty v. Bank of America, NA | FL 4DCA

Stopforeclosurefraud.com

Carty v. Bank of America, NA | FL 4DCA
a genuine issue of material fact was created by the two different versions of the note filed by the appellee bank...

03/14/17

Dave Krieger’s Clouded Titles: MISSOURI SUPREME COURT UPHOLDS SANCTIONS AGAINST WELLS FARGO!

Living Lies

Dave Krieger’s Clouded Titles: MISSOURI SUPREME COURT UPHOLDS SANCTIONS AGAINST WELLS FARGO!
Whether you’ve caught wind of this or not, Missouri Attorney Greg Leyh will have a shot in front of a rural Missouri county jury to convince them that Wells Fargo’s (and others’) actions in wrongfully foreclosing against David and Crystal Holm of Clinton County warrant serious money damages...

03/14/17

Justice Sweeney talks building blocks of foreclosures at Columbian Lawyers meeting

Brooklyn Daily Eagle

Justice Sweeney talks building blocks of foreclosures at Columbian Lawyers meeting
The Columbian Lawyers Association hosted Justice Peter Sweeney and attorney Joseph Etra for a continuing legal education (CLE) seminar, “The Building Blocks of Foreclosures,” ...

03/10/17

Trump’s Plan on Fannie and Freddie? Clues May Emerge Soon

NY Times

Trump’s Plan on Fannie and Freddie? Clues May Emerge Soon
Fixing Fannie Mae and Freddie Mac, the mortgage finance giants that still operate under government supervision, is nowhere near the top of the Trump administration’s to-do list....

03/10/17

LivingLies Foreclosure Survey Results: Delay, Defend and Destroy

Living Lies

LivingLies Foreclosure Survey Results: Delay, Defend and Destroy
Several weeks ago we asked our readers to take a brief survey. The results are revealing and expose an egregious pattern of fraud and abusive lending practices...

03/10/17

GOP marks National Consumer Protection Week by voting to 'obliterate' class-action lawsuits

LA Times

GOP marks National Consumer Protection Week by voting to 'obliterate' class-action lawsuits
Te Republican-controlled House voted late Thursday to approve the Fairness in Class Action Litigation Act, which purports to protect consumers but does the opposite by making it harder for people to join class-action lawsuits...

03/09/17

How 90% of American Households Lost an Average of $17,000 in Wealth to Plutocrats in 2016

BillMoyers.com

How 90% of American Households Lost an Average of $17,000 in Wealth to Plutocrats in 2016
America has always been great for the richest 1 percent, and it’s rapidly becoming greater. Confirmation comes from recent work by...

03/09/17

Nationstar facing CFPB fine over HMDA violations

Housing Wire

Nationstar facing CFPB fine over HMDA violations
Nationstar Mortgage is facing a fine from the Consumer Financial Protection Bureau over the nonbank’s alleged failure to comply with the reporting requirements of the Home Mortgage Disclosure Act...

03/09/17

Mortgage Resolution Servicing, LLC (“MRS”) v JP Morgan Chase | Amended RICO Statement

stopforeclosurefraud.com

Mortgage Resolution Servicing, LLC (“MRS”) v JP Morgan Chase | Amended RICO Statement
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK...

03/08/17

Execution of Fabricated Documents

Living Lies

Execution of Fabricated Documents
We are all familiar with robo-signing. It is the practice of using a person’s name and signature on multiple documents when in fact the person did not sign the...

03/08/17

THE TRANSFERRING OF SERVICING RIGHTS TO AVOID REVIEWING COMPLETE MODIFICATION APPLICATIONS

4closureFraud.org

THE TRANSFERRING OF SERVICING RIGHTS TO AVOID REVIEWING COMPLETE MODIFICATION APPLICATIONS
After years of litigating against alleged lenders, investors, servicers, and foreclosure trustee’s we are starting to see a clear trend of the servicing rights being transferred upon receiving a complete loan modification application. What is an alleged lender – this...

03/06/17

Foss: Foreclosure prevention still needed

dailygazette.com

Foss: Foreclosure prevention still needed
Foreclosure seemed imminent, and DJ began packing up her house. But then she got some very good news: Her bank had agreed to modify her mortgage. Her monthly payments would be manageable again, and she wouldn't lose her home....

03/06/17

New York should fund help to prevent foreclosures

newsday.com

New York should fund help to prevent foreclosures
It’s a scenario thousands of Long Island homeowners experience each year. Perhaps it begins with a lost job or an illness. That quickly turns into a missed mortgage payment, and then a second. Homeowners find themselves in delinquency and in danger of foreclosure...

03/04/17

TFH 3/5 | Foreclosure Workshop #28: Bank of America v. Reyes-Toledo — An Important Starting Point for Exposing “The Great Deception” Hiding Who Is Really Foreclosing on American Homeowners

stopforeclosurefraud.com

TFH 3/5 | Foreclosure Workshop #28: Bank of America v. Reyes-Toledo — An Important Starting Point for Exposing “The Great Deception” Hiding Who Is Really Foreclosing on American Homeowners
Hawaii has now joined Connecticut, Florida, New Mexico, New York, Ohio, Oklahoma, and Vermont as the result of another recent landmark foreclosure-related decision of the Hawaii Supreme Court, the most comprehensive of its kind yet, adopting the principle that a foreclosing plaintiff has the evidentiary burden to establish its right to enforce a promissory note at the time it commenced its action...

03/02/17

Kentucky AG Beshear: Settlement with MERSCORP (MERS) National Mortgage Recording Company Provides Better Protections for Kentucky Homeowners

stopforeclosurefraud.com

Kentucky AG Beshear: Settlement with MERSCORP (MERS) National Mortgage Recording Company Provides Better Protections for Kentucky Homeowners
FRANKFORT, Ky. (Feb. 28, 2017) – Attorney General Andy Beshear today announced a multimillion dollar settlement with a national mortgage recording company that will provide Kentucky homeowners with some of the best protections in the country...

03/02/17

CFPB Oversight Uncovers And Corrects Credit Reporting Problems

CFPB

CFPB Oversight Uncovers And Corrects Credit Reporting Problems
Bureau Report Outlines Accuracy and Other Issues That Bureau Supervision Has Taken Action to Address...

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