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Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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07/11/18

GARFIELD PREMISES Living Lies

GARFIELD PREMISES
Most people really don’t completely understand our premise when we investigate, research, examine and analyze a case or case documents. We have several premises with which we start and check to to see if they apply. While the answer is short the work behind it is long and complicated.

07/10/18

Foreclosure Intervention Program Actionnewsjax.com

Foreclosure Intervention Program
The city of Jacksonville is launching a program to help homeowners get out of foreclosure. The program provides mortgage counseling services, loan modification and refinance counseling as well as budgeting and financial literacy. The program is on a first come, first serve basis.

07/09/18

Indiana reopens embattled foreclosure prevention program following criticism from federal auditors Theindychannel.com

Indiana reopens embattled foreclosure prevention program following criticism from federal auditors
Hardest Hit Fund offering up to $30K to homeowners

07/06/18

Understanding a foreclosure Xenia Daily Gazette

Understanding a foreclosure
Foreclosure is a process that many of us have heard and read about, especially with the bursting of the “housing bubble” and the economic downturn of 2008. Foreclosures remain an issue today in housing in America.

07/03/18

Pay Attention! Look at the money trail AFTER the foreclosure sale Living Lies

Pay Attention! Look at the money trail AFTER the foreclosure sale
My confidence has never been higher that the handling of money after a foreclosure sale will reveal the fraudulent nature of most “foreclosures” initiated not on behalf of the owner of the debt but in spite of the the owner(s) of the debt.

07/02/18

Kathy Kraninger Is the Wrong Choice to Lead the CFPB National Review

Kathy Kraninger Is the Wrong Choice to Lead the CFPB
The post is too important — and too powerful — to be left to an unqualified nominee. The White House recently nominated Kathy Kraninger,

07/02/18

After Long Career Bailing Out Big Banks, Obama Treasury Secretary Tim Geithner Now Runs Predatory Firm That Exploits the Poor for Profit Common Dreams

After Long Career Bailing Out Big Banks, Obama Treasury Secretary Tim Geithner Now Runs Predatory Firm That Exploits the Poor for Profit
After a lengthy government career defined by his central role in bailing out predatory Wall Street banks as former President Barack Obama's Treasury Secretary, Timothy Geithner appears to have found his true calling

07/02/18

Forbes: TBTF Banks have $3.8 Trillion in Reported Loan Portfolios — How much of it is real? Living Lies

Forbes: TBTF Banks have $3.8 Trillion in Reported Loan Portfolios — How much of it is real?
The five largest U.S. banks have a combined loan portfolio of almost $3.8 trillion, which represents 40% of the total loans handed out by all U.S. commercial banks.

06/29/18

Nationstar, WaMu shareholders approve $1.9B acquisition National Mortgage News

Nationstar, WaMu shareholders approve $1.9B acquisition
The company that holds Washington Mutual's legacy business can move ahead with its plan buy a controlling interest in Nationstar Mortgage now that both companies' shareholders have approved the deal.

06/28/18

Free mortgage foreclosure clinics set for July Long Island Business News

Free mortgage foreclosure clinics set for July
The Nassau County Bar Association is holding free mortgage foreclosure counseling on July 9 and again on July 23, from 3 to 6 p.m. Held twice a month to meet demand, the clinics are for Nassau residents struggling with the prospect of losing property in Nassau because of mortgage foreclosure.

06/27/18

Lawsuit challenges JPMorgan foreclosures on WaMu loans Reuters

Lawsuit challenges JPMorgan foreclosures on WaMu loans
JPMorgan Chase has been hit with a proposed nationwide class action accusing it of collecting payments and launching foreclosures on former Washington Mutual mortgage loans without proper legal ownership of the loans.

06/26/18

Why Everyone (except SCOTUS) is Wrong About TILA Rescission Living Lies

Why Everyone (except SCOTUS) is Wrong About TILA Rescission
All contrary arguments are erroneous since they would insert a contingency where the statute contains no room for any contingency. The language of the statute bars

06/23/18

Ibanez Redux - 10 Years Later, Wells Fargo Is Seeking To Take The LaRace Family Home Again on July 03, 2018 Glenn Russell

Ibanez Redux - 10 Years Later, Wells Fargo Is Seeking To Take The LaRace Family Home Again on July 03, 2018
This Firm "cut its teeth" in its pro bono representation of the LaRace family before the Land Court, and in the National precedent setting case, U.S. Bank Nat'l Ass'n v. Ibanez 458 Mass. 637 (Mass SJC 2011). Indeed, the case has became to be known nationally as simply "Ibanez", or "the Ibanez case", or in Massachusetts as "the Ibanez problem." [relating to title to real property]

06/21/18

JOHN O’BRIEN DECIDES THIS WILL BE HIS LAST CAMPAIGN Itemlive.com

JOHN O’BRIEN DECIDES THIS WILL BE HIS LAST CAMPAIGN
SALEM — When it comes to politics, odds have never bothered John L. O’Brien Jr... O’Brien has raised the registry’s profile beyond a public records office. He took big banks to task beginning eight years ago on what he characterized as their failure to record home mortgage assignments to other banks. He also pointed the finger at “robo signers,” who he said were fraudulently signing mortgage documents on behalf of banks.

06/21/18

Republican judge orders the entire Consumer Financial Protection Bureau eliminated Think Progress

Republican judge orders the entire Consumer Financial Protection Bureau eliminated
A Republican federal trial judge held on Thursday that the entire Consumer Financial Protection Bureau — all of it — must cease to exist. The case is CFPB v. RD Legal Funding.

06/19/18

If Held Separately, Note and Mortgage Assignment Both Needed to Foreclose, Court Says NJ Law Journal

If Held Separately, Note and Mortgage Assignment Both Needed to Foreclose, Court Says
A New Jersey appeals court has held in a published ruling that a party seeking to foreclose on a mortgage must have both the promissory note and a valid assignment of mortgage. But in a case where Capital One Bank brought a foreclosure action on a property when it possessed the mortgage but not the note, the appeals court said irregularities did not warrant reversal.

06/18/18

Trump's CFPB choice faces uphill battle — and that's part of the plan American Banker

Trump's CFPB choice faces uphill battle — and that's part of the plan
President Trump has yet to formally name Kathy Kraninger as his choice to head the Consumer Financial Protection Bureau, but her nomination is already in trouble — and that may be just fine with the White House.

06/18/18

How Do We Know That the Name of the Trustee was Rented? Living Lies

How Do We Know That the Name of the Trustee was Rented?
The practice of paying a fee to a “service provider” to conceal the real nature of a transaction and the real parties in interest has been at the center of all Wall Street schemes that are at variance from conventional loan products

06/17/18

Firm Successfully Argues That Two Rulings From The U.S. Court of Appeals For The First Circuit Be Vacated Due To A Conflict of One of The Judges On The Panel Glenn Russell

Firm Successfully Argues That Two Rulings From The U.S. Court of Appeals For The First Circuit Be Vacated Due To A Conflict of One of The Judges On The Panel
On May 18, 2018, the Firm received two cryptic notices from The First Circuit involving two different appeals that went against the Firm's clients.

06/13/18

George Mason's Todd Zywicki Emerges as a Leading Pick for CFPB Director National Law Journal

George Mason's Todd Zywicki Emerges as a Leading Pick for CFPB Director
The Trump administration is nearing a crucial deadline with the CFPB nomination. The acting director, Mick Mulvaney, can stay until June 22, or longer if the White House has formally announced a nominee. The White House is reportedly considering several potential nominees

06/13/18

DannLaw launches “Scoundrels and Scams" database to ensure public access to CFPB consumer complaint reports Einpresswire.com

DannLaw launches “Scoundrels and Scams" database to ensure public access to CFPB consumer complaint reports
Leading consumer law firm DannLaw is countering Mick Mulvaney's threat to hide CFPB consumer complaint database from the public, media, and academics.

06/12/18

Questions to Ask About the Trust and the Trustee Living Lies

Questions to Ask About the Trust and the Trustee
The trustee issue is a jurisdictional issue. If the Plaintiff Trust does not exist, then it has no standing to make or pursue any claims.

06/11/18

Mick Mulvaney changed the CFPB’s sign to BCFP Vox

Mick Mulvaney changed the CFPB’s sign to BCFP
Mulvaney wants you to know it’s the Bureau of Consumer Financial Protection.

06/11/18

Wells Fargo isn’t the only bank with fake accounts, regulators say Stopforeclosurefraud.com - CNN

Wells Fargo isn’t the only bank with fake accounts, regulators say
Wells Fargo isn’t the only bank where heavy sales pressure led employees to open fake accounts.

06/08/18

Mick Mulvaney fired us for advocating for consumers CNN

Mick Mulvaney fired us for advocating for consumers
Consumer Financial Protection Bureau acting director Mick Mulvaney has ousted a committed group of experts who volunteered their time and expertise to ensure a fair marketplace for businesses and consumers.

06/07/18

Why Did the Consumer Financial Protection Bureau Fire Us? NYTimes

Why Did the Consumer Financial Protection Bureau Fire Us?
The Consumer Financial Protection Bureau is being gutted from the inside out. Created in 2010 after the Great Recession,

06/07/18

Impact of Serial Asset Sales on Investors and Borrowers Living Lies

Impact of Serial Asset Sales on Investors and Borrowers
The banks have been pulling the wool over our eyes for two decades, pretending that the name of a REMIC Trust invokes and creates its existence. They have done the same with

06/07/18

Federal National Mortgage Association v. Thompson | Wisc. Supreme Court Holds New Foreclosure Not Barred By Dismissal With Prejudice of Prior Foreclosure Stopforeclosurefraud.com

Federal National Mortgage Association v. Thompson | Wisc. Supreme Court Holds New Foreclosure Not Barred By Dismissal With Prejudice of Prior Foreclosure
The Supreme Court of Wisconsin recently held that claim preclusion does not bar a mortgagee from proceeding with a foreclosure complaint despite

06/06/18

Puerto Rico Is a “Playground for the Privileged”: Investors Move In as Homes Foreclose & Schools Close Democracy Now

Puerto Rico Is a “Playground for the Privileged”: Investors Move In as Homes Foreclose & Schools Close
While healthcare, the public school system and infrastructure in Puerto Rico are flailing nine months after Hurricane Maria ravaged the island,

06/06/18

Mulvaney guts consumer bureau’s advisory board Politico

Mulvaney guts consumer bureau’s advisory board
Consumer Financial Protection Bureau acting Director Mick Mulvaney has dismissed the members of the agency’s Consumer Advisory Board after

06/06/18

Angelo Mozilo and his doomed mortgage machine CNN Money

Angelo Mozilo and his doomed mortgage machine
Angelo Mozilo got rich selling the American Dream. Then he became the face of America's mortgage nightmare.

06/05/18

How to Choose a Forensic Report Living Lies

How to Choose a Forensic Report
Starting with the tidal wave of foreclosures that hit our shores in 2007-present, a cottage industry emerged to help homeowners contest or negotiate with the pretender lender. Some were better than others.

06/05/18

Bank of America destroyed documents as borrowers tried to save their homes, suit says Charlotte Observer

Bank of America destroyed documents as borrowers tried to save their homes, suit says
A new lawsuit says Bank of America misled borrowers trying to hang onto their homes, pushing them into foreclosure while it enriched itself off a federal mortgage-modification program.

06/05/18

States Ask CFPB to Keep Complaints Database Public Bloomberg News

States Ask CFPB to Keep Complaints Database Public
Fourteen Democratic state attorneys general are asking the CFPB to keep its consumer complaint database open to the public.

06/02/18

Wall Street's Biggest Banks Must Be Broken Up Truthdig.com

Wall Street's Biggest Banks Must Be Broken Up
On Wednesday, Federal bank regulators proposed to allow Wall Street more freedom to make riskier bets with federally-insured bank deposits – such as the money in your checking and savings accounts.

06/02/18

Foreclosure can creep up on you at the most inopportune time. Here’s how to deal with it USA Today

Foreclosure can creep up on you at the most inopportune time. Here’s how to deal with it
For most of us, foreclosure seems like an abstraction –– like the Boogie Man, or Tooth Fairy. And yet, foreclosure is a reality that many American families deal with every single day.

05/31/18

Modification or Refi? Which is it? Living Lies

Modification or Refi? Which is it?
The term “modification” admittedly is given broad meaning in modern jurisprudence. But like assignments, Pooling and Servicing Agreements, and the other fabricated documents

05/30/18

TO FIGHT THE GOOD FIGHT … OR NOT! Clouded Titles

TO FIGHT THE GOOD FIGHT … OR NOT!
OP-ED — THIS IS STEP THREE OF A 3-PART SERIES BY DAVE KRIEGER, AUTHOR OF CLOUDED TITLES I have conducted intense research for over ten years on chain of title issues and what it means for affected homeowners.

05/29/18

Judge: Attorney Mark Stopa ‘clearly has emotional problem,’ shouldn’t be disbarred Tampa Bay Times

Judge: Attorney Mark Stopa ‘clearly has emotional problem,’ shouldn’t be disbarred
A Pinellas County judge has stopped short of calling for disbarment of local foreclosure defense attorney Mark Stopa, instead recommending

05/29/18

Foreclosure May Be Invalid if There is No Authority for the Mortgage Servicer to Send Right-to-Cure Notice Culik Law

Foreclosure May Be Invalid if There is No Authority for the Mortgage Servicer to Send Right-to-Cure Notice
The Massachusetts Supreme Judicial Court has entered a new decision explaining the requirements for a valid foreclosure. In the case of Eaton v. Fannie Mae,

05/28/18

Internal auditor reports 'diluted, suppressed and ignored' Financial Review

Internal auditor reports 'diluted, suppressed and ignored'
Internal auditors are having their reports "diluted or suppressed" or even seeing their careers derailed when they raise red flags within large corporations.

05/26/18

THE JOURNEY BEGINS WHEN THE PITY PARTY ENDS … STEP TWO! Clouded Titles

THE JOURNEY BEGINS WHEN THE PITY PARTY ENDS … STEP TWO!
The Internet can be a dangerous thing, especially when doing research, trying to find answers to questions surrounding a potential financial issue that could become a crisis, like a foreclosure.

05/25/18

Homeowners Sue SPS in Class Action Over Failure to Mitigate Living Lies

Homeowners Sue SPS in Class Action Over Failure to Mitigate
Thousands of cases like this one have pointed out that SPS and other servicers like Ocwen do not consult with any investor, do not evaluate the case for settlement, modification or mitigation. The answer to questions arising from the unwillingness of those companies to comply with law stems from the fact

05/24/18

Getting Rich on Government-Backed Mortgages Bloomberg

Getting Rich on Government-Backed Mortgages
In his corner of American finance, where hard selling meets hard luck, Angelo Christian is a star, and he looks the part.

05/24/18

Ohio Bankruptcy Court Strikes Down Mortgage, Imposes Six-Year Statute of Limitations JDSupra

Ohio Bankruptcy Court Strikes Down Mortgage, Imposes Six-Year Statute of Limitations
In summary, the plaintiff must be the holder of the note and mortgage with the right of enforcement of both instruments in order to bring a meritorious foreclosure action in Ohio.1 What is the statute of limitations for a foreclosure action in Ohio? Ohio law has two distinct statutes of limitation for enforcing notes and mortgages. The Ohio Supreme Court in Deutsche Bank Nat'l Trust Co. v. Holden ruled that an action to collect on a note is separate and distinct from an action to foreclose on a mortgage.

05/23/18

Dodd-Frank 'rollback'? What bipartisan easing of bank rules could mean. Christian Science Monitor

Dodd-Frank 'rollback'? What bipartisan easing of bank rules could mean.
Banks are a fulcrum of the economy, either fueling growth or sometimes stifling it when their condition turns sour. So it's worth a closer look when some Democrats join Republicans to ease their regulatory boundaries.

05/22/18

Congress Rolls Back Part Of Dodd-Frank, Easing Rules For Midsize, Smaller Banks NPR

Congress Rolls Back Part Of Dodd-Frank, Easing Rules For Midsize, Smaller Banks
The House voted Tuesday to ease rules for midsize and regional banks in what is considered the largest undoing to date of banking rules put in place in the wake of the financial crisis. The vote was 258-159.

05/21/18

Do the job or depart: Mick Mulvaney should resign from the CFPB Pittsburgh Post Gazette

Do the job or depart: Mick Mulvaney should resign from the CFPB
Sen. Sherrod Brown, a Democrat from Ohio, has called for Mick Mulvaney to resign as acting director of the Consumer Financial Protection Bureau.

05/16/18

JOHNSON vs DEUTSCHE BANK TRUST COMPANY | FL 2DCA- the evidence of its standing as an owner or holder of the Johnsons’ promissory note was insufficient to sustain a summary judgment in its favor Stopforeclosurefraud

JOHNSON vs DEUTSCHE BANK TRUST COMPANY | FL 2DCA- the evidence of its standing as an owner or holder of the Johnsons’ promissory note was insufficient to sustain a summary judgment in its favor
KELI N. JOHNSON and THOMAS E. JOHNSON, Appellants, v. DEUTSCHE BANK NATIONAL TRUST COMPANY AMERICAS, as Trustee RALI 2007-QS1, Appellee. Case No. 2D16-4262.

05/14/18

“Boarding Loans:” Centralized “Processing” at LPS (Black Knight) Living Lies

“Boarding Loans:” Centralized “Processing” at LPS (Black Knight)
It’s complicated. But as this article proudly states, Black Knight is a leading “fintech” company, meaning that it handles the technology and software for “servicing” loans in default

05/14/18

NACA to CFPB: Maintain Processes That Facilitate Vigorous Enforcement of Consumer Laws NACA

NACA to CFPB: Maintain Processes That Facilitate Vigorous Enforcement of Consumer Laws
NACA submitted comments in response to the Consumer Financial Protection Bureau's Request for Information on its Enforcement Processes. NACA is concerned that the CFPB has issued

05/14/18

STOP WALLOWING IN SELF-PITY AND START FIGHTING BACK! Clouded Titles Blog

STOP WALLOWING IN SELF-PITY AND START FIGHTING BACK!
I write this post to convey a thought process that had not only entered my mind at a point in time back in late 2002, but I also had to consider that other American homeowners have also had this same thought process under similar circumstances as frequently as the moment you’re reading this post.

05/14/18

CFPB techies blast talk of taking down complaint portal FCW

CFPB techies blast talk of taking down complaint portal
Created by the 2010 Dodd-Frank law, the Consumer Financial Protection Bureau is one of the first federal examples of bringing in outside tech talent to deliver government services.

05/09/18

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure Living Lies

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure
The case shows that we are all continuing to be held under an umbrella that is blocking the sunlight. I’m happy that Lopez won the appeal. But the court still is not putting the pieces together.

05/09/18

Monroe County Legislature halts foreclosure sale of family home Stopforeclosurefraud.com

Monroe County Legislature halts foreclosure sale of family home
WHEC- Eric and Alison Endicott could finally breathe Tuesday night after several tense moments during the meeting of the Monroe County Legislature.

05/09/18

WHY BIG BANKS LOVE PAYING FINES TO THE U.S. GOVERNMENT 4closurefraud.org

WHY BIG BANKS LOVE PAYING FINES TO THE U.S. GOVERNMENT
Deutsche Bank said they were happy to settle with the Federal Reserve. Why is Deutsche Bank happy to settle?

05/09/18

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure Living Lies

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure
The case shows that we are all continuing to be held under an umbrella that is blocking the sunlight. I’m happy that Lopez won the appeal. But the court still is not putting the pieces together.

05/08/18

Washington Land Owners Should Use the Torrens Act to Protect their Real Property Scottstafne.com

Washington Land Owners Should Use the Torrens Act to Protect their Real Property
If you own a home in Washington State, and you want to protect your investment, then you need to take action

05/02/18

University of Illinois Phases Out Clinic That Helps Prevent Local Foreclosures Wglt.org

University of Illinois Phases Out Clinic That Helps Prevent Local Foreclosures
McLean County residents facing home foreclosure will no longer be able to receive free help from a legal clinic sponsored by the University of Illinois.

05/01/18

Ocwen Failing? Who cares — they don’t do the “Servicing” anyway Living Lies

Ocwen Failing? Who cares — they don’t do the “Servicing” anyway
For years I have been saying and writing about the fact that the apparent servicer actually does nothing. Ocwen’s source of data capture and maintenance has been

05/01/18

Where The Foreclosures Are Still Happening In Chicago Chicagonow.com

Where The Foreclosures Are Still Happening In Chicago
Once a month I do a quick review of Chicago's foreclosure activity and the overall trend has been very encouraging,

04/30/18

Tearing Down the House that Richard Cordray Built Law.com

Tearing Down the House that Richard Cordray Built
While some have described the CFPB as in a state of “radio silence” since late November, others said the agency’s attorneys have perked back up and are pushing forward with investigations begun before Mick Mulvaney took control.

04/30/18

Affordable Mortgage to Avoid Foreclosures DSnews

Affordable Mortgage to Avoid Foreclosures
A new source of relief has arrived for struggling Philadelphia homeowners. Boston Community Capital’s Stabilizing Urban Neighborhoods (SUN) Initiative announced Monday that it was coming to Philadelphia to help homeowners facing foreclosure to keep their homes.

04/30/18

America’s Mortgage Market Is Still Broken Bloomberg

America’s Mortgage Market Is Still Broken
Regulators have done a lot to reform the financial system since the 2008 crisis, but they still haven’t fixed the market where the trouble started: U.S. mortgages.

04/29/18

Let Consumer Complaints See the Light of Day Bloomberg

Let Consumer Complaints See the Light of Day
The acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, shares the industry’s dislike of one of the bureau’s most visible innovations:

04/29/18

10th Circuit Court of Appeals – If WaMu notes were endorsed post-receivership, FIRREA does not apply! BP Investigativeagency

10th Circuit Court of Appeals – If WaMu notes were endorsed post-receivership, FIRREA does not apply!
For years now, JPMorgan Chase has been getting away with murder in foreclosure cases involving WaMu loans by hiding behind the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). If homeowners

04/27/18

Elizabeth Warren To Consumer Chief: 'You Owe The Public Straight Answers' NPR

Elizabeth Warren To Consumer Chief: 'You Owe The Public Straight Answers'
Sen. Elizabeth Warren sent a letter to the Trump administration's top consumer protection official late Thursday asking him whether he is doing the bidding of the industries he is supposed to be policing.

04/26/18

LONG ISLAND VETERAN WINS FORECLOSURE CASE AGAINST WELLS FARGO MFI-MIAMI

LONG ISLAND VETERAN WINS FORECLOSURE CASE AGAINST WELLS FARGO
A Long Island veteran and his wife won their 12-year battle with Wells Fargo. The appellate division of the state Supreme Court

04/26/18

U.S. BANK NATIONAL ASSOCIATION v. MATHEW Stopforeclosurefraud.com

U.S. BANK NATIONAL ASSOCIATION v. MATHEW
| NY SC – Young Law Group, PLLC Beats NY Mortgage Statute of Limitations, Again, This Time For Queens Family!

04/26/18

MICK MULVANEY’S WELLS FARGO SETTLEMENT LETS THE BANK DECIDE HOW CONSUMERS ARE PAID BACK The Guardian

MICK MULVANEY’S WELLS FARGO SETTLEMENT LETS THE BANK DECIDE HOW CONSUMERS ARE PAID BACK
The Billion Dollar Wells Fargo settlement reached between the bank and the consumer agency now controlled by Trump adviser Mick Mulvaney has been heralded as evidence that the

04/25/18

CFPB Interim Head Mick Mulvaney to Bankers: I Only Met with Lobbyists Who Gave Me Money Democracy Now

CFPB Interim Head Mick Mulvaney to Bankers: I Only Met with Lobbyists Who Gave Me Money
The interim director of the Consumer Financial Protection Bureau, Mick Mulvaney, told a group of over 1,000 bankers and lobbyists that they should give more money in campaign contributions if they want to weaken the power of the Consumer Financial Protection Bureau

04/25/18

Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing Tampa Bay Times

Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing
Homeowners from as far away as Texas and North Carolina crowded a Pinellas County courtroom Monday in support of embattled foreclosure defense attorney Mark Stopa.

04/24/18

Mulvaney to drop public complaints against firms, change CFPB name National Mortgage News

Mulvaney to drop public complaints against firms, change CFPB name
WASHINGTON — Acting Consumer Financial Protection Bureau Director Mick Mulvaney vowed to bankers on Tuesday that he would halt the agency’s actions against indirect auto dealers, stop posting consumer complaints online and change the bureau's name.

04/22/18

BankThink Penalties levied against Wells Fargo miss top execs. Again. American Banker

BankThink Penalties levied against Wells Fargo miss top execs. Again.
Don’t let the headlines fool you: Despite its recent $1 billion penalty, Wells Fargo and its top executives are having a pretty good spring.

04/24/18

Sean Hannity's real estate venture linked to fraudulent property dealer The Guardian

Sean Hannity's real estate venture linked to fraudulent property dealer
Sean Hannity’s real estate venture bought houses through a property dealer who was involved in a criminal conspiracy to fraudulently obtain foreclosed homes, according to records reviewed by The Guardian

04/23/18

Michael Cohen case shines light on Sean Hannity's property empire The Guardian

Michael Cohen case shines light on Sean Hannity's property empire
When Sean Hannity was named in court this week as a client of Donald Trump’s embattled legal fixer Michael Cohen, the Fox News host insisted their discussions had been limited to the subject of buying property.

04/21/18

HSBC Bank USA v. Moore Stopforeclosurefraud.com

HSBC Bank USA v. Moore
HSBC Bank USA v. Moore | Hawaii ICA – Dubin Law Offices annihilates HSBC in this awesome order- “Qualified Witness” FAIL! “Assignment of Mortgage” FAIL! “Possession of Note” FAIL! “Allonge to Note” FAIL! — VACATED AND REMANDED

04/20/18

It’s official: CFPB announces $1 billion fine for Wells Fargo Housing Wire

It’s official: CFPB announces $1 billion fine for Wells Fargo
Rumors have been circulating, including the most recent report Thursday, that the Consumer Financial Protection Bureau is on the brink of hitting Wells Fargo with a $1 billion fine.

04/19/18

Waters introduces legislation to prevent FHA foreclosures Housing Wire

Waters introduces legislation to prevent FHA foreclosures
In an attempt to prevent foreclosures on the Federal Housing Administration’s borrowers, Democrats introduced a new bill in Congress.

04/17/18

Call for evidence CFPB

Call for evidence
The Consumer Financial Protection Bureau is issuing a call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers.

04/16/18

No Surprise: Ocwen & US Bank Hit by $3.8 Million Verdict in Chicago Federal Trial For Violations in Fake Foreclosure Living Lies

No Surprise: Ocwen & US Bank Hit by $3.8 Million Verdict in Chicago Federal Trial For Violations in Fake Foreclosure
This case shows that juries are still angry about the 2008 meltdown and that the entire burden was shifted to homeowners and taxpayers — who “bailed out” financial institutions that had no losses.

04/16/18

‘Assault’ by Biggest Loan Buyers Could Spell Trouble in Downturn Bloomberg

‘Assault’ by Biggest Loan Buyers Could Spell Trouble in Downturn
The biggest buyers of leveraged loans are weakening safeguards that limit how much risk they can take, amping up the potential pain for investors when the economy slows.

04/13/18

Debtors in Bankruptcy NCLC

Debtors in Bankruptcy
Two important sets of CFPB amendments to its RESPA and TILA mortgage servicing rules go into effect April 19, 2018.

04/13/18

Oregon: Proof of Standing Clarified in Appellate Ruling USFN

Oregon: Proof of Standing Clarified in Appellate Ruling
On February 28, 2018 the Oregon Court of Appeals issued an opinion reversing and remanding the trial court’s summary judgment decision in favor of the foreclosing plaintiff, on the basis that

04/12/18

This Software Works Just as Accurately as Your Lawyer--Only 200 Times Faster INC

This Software Works Just as Accurately as Your Lawyer--Only 200 Times Faster
Artificial intelligence startup LawGeex put its software up against a group of lawyers. The results were pretty eye-opening.

04/12/18

Lawyer-Bots Are Shaking Up Jobs MIT Technology Review

Lawyer-Bots Are Shaking Up Jobs
AI is augmenting and automating the tasks currently performed by hundreds of thousands of people in the U.S. alone.

04/12/18

Florida Foreclosure Reversed Because Lender Did Not Prove Compliance with HUD Regulation SOUTHEAST FINANCIAL LITIGATION MONITOR

Florida Foreclosure Reversed Because Lender Did Not Prove Compliance with HUD Regulation
On December 2, 2016, Florida’s Fifth District Court of Appeal filed an opinion overturning a foreclosure sale on grounds that

04/12/18

Five decades after Fair Housing Act, segregation continues Baltimore Sun

Five decades after Fair Housing Act, segregation continues
any Americans undoubtedly recognize Norman Rockwell’s 1967 painting, “New Kids in the Neighborhood.”

04/12/18

Subprime mortgages make a comeback—with a new name and soaring demand CNBC

Subprime mortgages make a comeback—with a new name and soaring demand
The subprime mortgage industry vanished after the Great Recession but is now being reinvented as the nonprime market.

04/12/18

First-Ever Evictions Database Shows: 'We're In the Middle Of A Housing Crisis' NPR

First-Ever Evictions Database Shows: 'We're In the Middle Of A Housing Crisis'
For many poor families in America, eviction is a real and ongoing threat. Sociologist Matthew Desmond estimates that 2.3 million evictions were filed in the U.S. in 2016 — a rate of four every minute.

04/12/18

Bank Fraud News: The reason why banks and servicers should receive no presumption of reliability Living Lies

Bank Fraud News: The reason why banks and servicers should receive no presumption of reliability
The following is but a short sampling supporting the argument that any document coming from the banks and servicers is suspect and unworthy of any legal presumption of authenticity or validity.

04/11/18

Atlas Consumer Law Secures $3,582,000 jury verdict obtained by Monette Saccameno, a resident of Cook County Illinois, and against Ocwen Loan Servicing LLC, a national mortgage loan servicer StreetInsider.com

Atlas Consumer Law Secures $3,582,000 jury verdict obtained by Monette Saccameno, a resident of Cook County Illinois, and against Ocwen Loan Servicing LLC, a national mortgage loan servicer
LOMBARD, Ill., April 11, 2018 /PRNewswire/ -- Monette Saccameno secured a jury verdict against Ocwen Loan Servicing LLC (Ocwen), a national mortgage loan servicer for its breach of contract, breach of fiduciary duty, violations of

04/11/18

Mick Mulvaney's assault on consumer finances and the CFPB is illegal as well as wrong USA Today

Oregon Strikes Down Hearsay Part of Affidavit
Mick Mulvaney's attacks on consumer financial protection are illegal as well as wrong. Donald Trump is ignoring the Dodd-Frank law Congress wrote to prevent this.

04/11/18

Adverse Possession vs Cancellation of Instrument and Quiet Title Living Lies

Adverse Possession vs Cancellation of Instrument and Quiet Title
In the final analysis, the only way to smoke out the banks on their fraudulent claims as “creditors” or “agents of creditors” is to create a situation where the creditor must be disclosed.

04/10/18

Oregon Strikes Down Hearsay Part of Affidavit Living Lies

Oregon Strikes Down Hearsay Part of Affidavit
Contrary to the trial court decision, the appellate court found that the homeowner was correct in his objection to portions of a declaration that were clearly hearsay. Those hearsay portions were the basis for granting relief to the foreclosing party.

04/10/18

A House You Can Buy, But Never Own

The Atlantic

A House You Can Buy, But Never Own
African Americans in the same neighborhoods decimated by subprime lending are now being targeted with new predatory loan offerings, a lawsuit argues.

04/10/18

Consumer Groups Launch Website Tracking Mick Mulvaney’s Anti-Consumer Actions

Center For Responsible Lending

Consumer Groups Launch Website Tracking Mick Mulvaney’s Anti-Consumer Actions
As Mulvaney, the “Acting Director” of the Consumer Financial Protection Bureau, testifies before Congress, ConsumersUnderAttack.Org shows how he has favored predatory lenders over American consumers

04/10/18

Under Trump, a voice for the American consumer goes silent

APnews

Under Trump, a voice for the American consumer goes silent
NEW YORK (AP) — In the 135 days since the Trump administration took control of the nation’s consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever.

04/09/18

CFPB reportedly seeking $1 billion fine against Wells Fargo

Housing Wire

CFPB reportedly seeking $1 billion fine against Wells Fargo
Could Wells Fargo be facing a record fine from the Consumer Financial Protection Bureau?

04/09/18

Why Void Assignments are Void Not Voidable

Living Lies

Why Void Assignments are Void Not Voidable
RATIFICATION OF VOID ASSIGNMENTS IS IMPOSSIBLE AND ABSURD In the wake of the California Supreme Court’s decision in Yvanova

04/09/18

Discovery in Foreclosure Actions

Living Lies

Discovery in Foreclosure Actions
Discovery is more complex than lay people realize. There is a lot of work that goes on behind the scenes in court.

04/07/18

The “Old Boys Network” of Virginia Doing it Again - with the collusion of Judges and Lawyers - Ensuring they DRAIN the Estate & Destroy a Family

American Legal News

The “Old Boys Network” of Virginia Doing it Again - with the collusion of Judges and Lawyers - Ensuring they DRAIN the Estate & Destroy a Family
The SCHEME one the “Old Boys Network” of Virginia uses Time and Time again At first blush the case:

04/04/18

MERSCORP and eOriginal debut eNote Solutions

Housing Wire

MERSCORP and eOriginal debut eNote Solutions
On Wednesday, MERSCORP and eOriginal announced the launch of a new solution both companies say will enable originators to accelerate digital mortgage adoption.

04/04/18

FL 2ND DCA: SPENCER V. DITECH FINANCIAL – SOME-EVIDENCE, NO-EVIDENCE RULE IN FORECLOSURES

4closurefraud.org

FL 2ND DCA: SPENCER V. DITECH FINANCIAL – SOME-EVIDENCE, NO-EVIDENCE RULE IN FORECLOSURES
Are Florida’s Appellate Courts finally getting fed up with the lower courts allowing inadmissible evidence in foreclosure proceedings? Read Judge Salario’s Specially concurring opinion below, along with the full opinion attached and decide for yourselves.

04/03/18

The Head of the Consumer Financial Protection Bureau Asks Congress to Gut His Own Agency

Mother Jones

The Head of the Consumer Financial Protection Bureau Asks Congress to Gut His Own Agency
Before joining the Trump administration, White House budget director Mick Mulvaney made no secret of his dislike for the Consumer Financial Protection Bureau (CFPB), the agency created in the wake of the 2008 financial crisis to better supervise Wall Street.

04/03/18

BankThink Mulvaney’s CFPB plan is dangerous

American Banker

BankThink Mulvaney’s CFPB plan is dangerous
When Mick Mulvaney first took the reins of the Consumer Financial Protection Bureau last year, he attempted to reassure anxious employees and the public that he was not there to destroy the agency, despite his outspoken public contempt for the agency.

04/02/18

Securitization and Standing

Living Lies

Securitization and Standing
Like other decisions establishing the law of the land, the decisions of SCOTUS are often taken as advisory or optional. Nevertheless

04/02/18

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency

NPR

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency
The Trump administration will ask Congress to make drastic changes to weaken the independence of the Consumer Financial Protection Bureau, NPR has learned.

04/02/18

Court throws out Iraq vet's foreclosure after bank missed deadline

News Day

Court throws out Iraq vet's foreclosure after bank missed deadline
A Central Islip military veteran and his wife won their 12-year battle to save their home when the appellate division of the state Supreme Court threw out the foreclosure case against them.

03/29/18

U.S. Bank v Joseph

Stopforeclosurefraud.com

U.S. Bank v Joseph
| American Veteran’s 12 year battle with bank ends with Appellate Court reversing the lower court and dismissing foreclosure as barred by the statute of limitations

03/29/18

Tracey v. WELLS FARGO BANK, NA | FL 2DCA

Stopforeclosurefraud.com

Tracey v. WELLS FARGO BANK, NA | FL 2DCA
– the breach of the modification agreements became an integral part of the basis of Wells Fargo’s theory of recovery as well as the final judgment the circuit court ultimately entered… and so we must reverse the court’s final judgment.

03/29/18

The Long Island Foreclosure Epidemic

New York Law Journal

The Long Island Foreclosure Epidemic
The economic crisis of 2008 is over. All indicators show that the national economy is humming along. Yet, Long Island is currently mired in an foreclosure epidemic that shows little, if any signs of easing.

03/29/18

Barclays Agrees to Pay $2 Billion in Civil Penalties to Resolve Claims for Fraud in the Sale of Residential Mortgage-Backed Securities

Ackley Law

Barclays Agrees to Pay $2 Billion in Civil Penalties to Resolve Claims for Fraud in the Sale of Residential Mortgage-Backed Securities
Two Former Barclays Executives Agree to Pay $2 Million to Resolve Claims Brought Against Them Individually The United States has reached agreement

03/28/18

New York foreclosure firm accused of cheating Fannie Mae out of millions

Housing Wire

New York foreclosure firm accused of cheating Fannie Mae out of millions
A New York foreclosure law firm allegedly used its affiliated companies to “systemically” overcharge for foreclosure-related services and defraud Fannie Mae out of “millions of dollars,” the Department of Justice said in court this week.

03/28/18

Wells Fargo “Lending” Securities It Didn’t Own

Deadly Clear

Wells Fargo “Lending” Securities It Didn’t Own
This is why there is over $11 TRILLION in UNREGULATED MBS DERIVATIVE debt when there are only 100 million mortgageable properties in the U.S. housing universe. Securitization and rehypothecation have taken down the American Dream and creamed Fannie & Freddie.

03/26/18

Wells Fargo’s Overseer -- Make That Over-Looker -- Has Just Been Promoted

The American Prospect

Wells Fargo’s Overseer -- Make That Over-Looker -- Has Just Been Promoted
The leader of the San Francisco Fed has been tapped to head the New York Fed, the nation’s frontline bank supervisor. That doesn’t augur well.

03/22/18

LOCAL LAWYER EXPLAINS HOW A LOCAL VETERAN IS FACING FORECLOSURE

Kezi.com

LOCAL LAWYER EXPLAINS HOW A LOCAL VETERAN IS FACING FORECLOSURE
KEZI spoke to a local lawyer to break down the legality of the Ulino couple's situation.

03/20/18

Mortgage company threatens foreclosure for 'missed' payments

Azfamily.com

Mortgage company threatens foreclosure for 'missed' payments
Edwin Valrey-Jung said he was making his mortgage payments but the mortgage company said he wasn't getting them. The problem, he says, is that his home loan has been sold two different times to different companies and the payments he made had somehow fallen through the cracks.

03/17/18

URGENT! Washington Homeowners Demand Governor Inslee reject Bill 2057 NOW!

Living Lies

URGENT! Washington Homeowners Demand Governor Inslee reject Bill 2057 NOW!
The Washington State Legislature is one vote away from making changes to Bill 2057 that would be detrimental to homeowners. The changes would clear the way for anyone, without proof, to claim to be in possession of a promissory note, and to make it a slam-dunk to foreclosure non-judicially.

03/15/18

Davidson v. Seterus, Inc. | CA COA

Stopforeclosurefraud.com

Davidson v. Seterus, Inc. | CA COA
– Mortgage Servicer could be considered a “debt collector” under California’s Rosenthal Fair Debt Collection Practices Act (the Rosenthal Act; Civ. Code,1 sec. 1788 et seq.)

03/15/18

Foreclosure activists take aim at banks with what they say are fraudulent documents

Worcester Magazine

Foreclosure activists take aim at banks with what they say are fraudulent documents
Housing activists are padding a case against banks they say have consistently lied to the courts in foreclosure cases. The Worcester Anti-Foreclosure Team rallied

03/15/18

On 10th Anniversary of Wall Street Crash, Democrats Help GOP Set Stage for Next One

Common Dreams

On 10th Anniversary of Wall Street Crash, Democrats Help GOP Set Stage for Next One
Can Schumer's Democrats claim to fight for the little guy after deregulating 25 of the country's 40 biggest banks—and making it more likely the little guy's money will be used to give them bailouts?"

03/14/18

Senate Hands Major Gift to Wall Street for Second Time in Less Than Six Months

NACA

Senate Hands Major Gift to Wall Street for Second Time in Less Than Six Months
The U.S. Senate today voted [67-31] to roll back crucial banking safeguards that were installed after the 2008 financial crisis to prevent

03/14/18

The Fallacy of Legitimacy: SEC Documents are not Evidence

Living Lies

The Fallacy of Legitimacy: SEC Documents are not Evidence
Documents filed with the SEC are not evidence of the legitimacy of a PSA. The PSA was not filed with the SEC although the banks would like you to think so. The document,

03/14/18

How Mortgage Companies Might Finally Be Held Accountable

The Nation

How Mortgage Companies Might Finally Be Held Accountable
Brad Miller’s been tracking his particular white whale for over a decade. But he hadn’t found the right harpoon with which to slay it. Until last week.

03/13/18

Legal tech is opening the system to those who need legal representation the most

Techcrunch.com

Legal tech is opening the system to those who need legal representation the most
Jane (whose name changed for privacy purposes) had been living with her elderly mother for more than 20 years in a rent-stabilized apartment in the

03/13/18

How two smart California laws kept the 2008 mortgage crisis from being far worse

The Sacramento Bee

How two smart California laws kept the 2008 mortgage crisis from being far worse
A decade after the mortgage crisis swept California, home prices are rising, far fewer borrowers are under water, and the state’s economy and government’s finances are strong. Two little-discussed anti-foreclosure laws deserve much credit for slowing the initial devastation and for helping to stabilize the housing market and the economy.

03/12/18

Rally and Press Conference at Worcester County Courthouse on 3/12

MAAPL.info

Rally and Press Conference at Worcester County Courthouse on 3/12
Wronged Homeowners to Submit Video Proof of Criminal Fraud by Mega-Banks to Worcester District Attorney

03/12/18

Senate banking bill rewards Equifax despite privacy breaches

Politico

Senate banking bill rewards Equifax despite privacy breaches
Equifax’s role in the biggest consumer data breach in U.S. history isn’t stopping Congress from giving the giant credit reporting company sweeping protection from lawsuits while allowing it to expand its offerings into the mortgage business.

03/09/18

David Dayen at the L.A. Times: One thing Democrats and Republicans apparently agree on: Destabilizing the banking sector again

Living Lies

David Dayen at the L.A. Times: One thing Democrats and Republicans apparently agree on: Destabilizing the banking sector again
Next week marks the 10th anniversary of the run on Bear Stearns, the investment bank that collapsed under the weight of toxic subprime mortgages.

03/09/18

Senate banking bill could make mortgages easier to get from your local bank

CNBC

Senate banking bill could make mortgages easier to get from your local bank
Qualifying for a mortgage could require jumping through fewer hoops and meeting fewer requirements at banks with $10 billion or less in assets. To sidestep strict federal guidelines for so-called "qualified mortgages," those institutions would be required to keep the loan on their books instead of selling it, among other conditions.

03/08/18

Canada Bracing for Housing Crash Caused by the Same Illegal Practices as US

Living Lies

Canada Bracing for Housing Crash Caused by the Same Illegal Practices as US
The US was a trial run and it worked perfectly for the investment banks. They got money from investors in exchange for what investors thought were RMBS. As they sold more and more of the junk

03/08/18

Homeowners fraudulently Foreclosed by Faux-Lenders were nothing but Collateral Damage to the Federal Reserve

Living Lies

Homeowners fraudulently Foreclosed by Faux-Lenders were nothing but Collateral Damage to the Federal Reserve
Of the number of people who “purchased” a loan product leading up to the mortgage meltdown- most were refi’s on refi’s. At one point it was reported that MERS had data on

03/07/18

Nationstar Mortgage v Martins | FL 4DCA –

Stopforeclosurefraud.com

Nationstar Mortgage v Martins | FL 4DCA –
(“Nationstar”) was not the holder of the note secured by his property at the time it filed a mortgage foreclosure suit…we reverse and direct the trial court to vacate the final judgment awarding fees to Mr. Martins

03/07/18

David Dayen via The Intercept: Stealth Attack on Wall Street Bank Reform foams the runway for the next Financial Crisis

Living Lies

David Dayen via The Intercept: Stealth Attack on Wall Street Bank Reform foams the runway for the next Financial Crisis
Editor’s Note: S.2155 is known in Washington as the Crapo bill. A fitting name. Even Georgetown Law professor and former CFPB adviser Adam Levitin in a blog post warns the dangers of further bank deregulation. This bill functionally exempts 85% of US banks and credit unions from fair lending laws in the mortgage market

03/07/18

Only a Forensic Examiner can determine the Validity of an “Original” Note

Living Lies

Only a Forensic Examiner can determine the Validity of an “Original” Note
Message of the day to homeowners and their lawyers: “stop admitting things that you assume are true.

03/07/18

FLORIDA: To Defeat Bartram, One Must Defeat the Default Claim

Cloudedtitlesblog.com

FLORIDA: To Defeat Bartram, One Must Defeat the Default Claim
I was rummaging through some recent cases when I found a case involving HSBC Bank USA, NA who was acting as a Trustee for a REMIC, which got me thinking

03/06/18

Meet the California Whistleblower Lawyer Helping Cities Sue Wells Fargo

Law.com

Meet the California Whistleblower Lawyer Helping Cities Sue Wells Fargo
When Sacramento joined the ranks of cities suing Wells Fargo & Co. over allegations of discriminatory mortgage lending practices, it turned last month to a lawyer at a small firm in San Francisco who has become a familiar foe for the bank

03/06/18

RBS reaches $500 million settlement with New York over mortgage securities

Reuters

RBS reaches $500 million settlement with New York over mortgage securities
NEW YORK (Reuters) - Royal Bank of Scotland Group Plc (RBS.L) has reached a $500 million settlement with New York state to resolve

03/06/18

BARON & BUDD SECURES CLASS CERTIFICATION FOR HOME BUYERS AGAINST BANK OF AMERICA, COUNTRYWIDE FINANCIAL

Stopforeclosurefraud.com

BARON & BUDD SECURES CLASS CERTIFICATION FOR HOME BUYERS AGAINST BANK OF AMERICA, COUNTRYWIDE FINANCIAL
Class action lawsuit alleges lender and appraisal company entered into a corrupt relationship to prepare fraudulent real estate appraisals to quickly close more home loans; subclass of Texas borrowers also certified

03/05/18

Mitch McConnell's big gift to the banks

CNN

Mitch McConnell's big gift to the banks
This month marks the tenth anniversary of the $29 billion US government-backed bailout of Bear Stearns. The collapse of this giant investment bank in March 2008, under the weight of its bad mortgage-linked bets, marked the beginning of the global financial crisis.

03/05/18

OK, We Fabricated and Forged the Documentation. So What?

Living Lies

OK, We Fabricated and Forged the Documentation. So What?
As Bill Paatalo (who brought this to my attention) says: “You can’t make this s–t up.” Reality is much stranger than fiction. This marks the point where we have entered the Twilight Zone in law where the rule of law is just a guidepost not to be confused with the real rule of men.

03/05/18

Ratification of Void Assignments to REMIC Trust is Clear Nonsense

Living Lies

Ratification of Void Assignments to REMIC Trust is Clear Nonsense
The Yvanova string of cases in California are based upon some vague notion of whether a void assignment (e.g., past the cutoff date) could be ratified by the trust, trustee or trust beneficiaries.

03/04/18

Denied a Loan Modification or Refinance from Bank of America?

Living Lies

Denied a Loan Modification or Refinance from Bank of America?
ATTENTION! IF YOU WERE WRONGLY DENIED OR DELAYED FOR MODIFICATION OF YOUR MORTGAGE PAYMENTS, YOU MAY BE ENTITLED TO SUBSTANTIAL COMPENSATION. CONTACT US NOW TO RECEIVE A FREE EVALUATION.

03/04/18

Investigator Bill Paatalo: FOIA Request Reveals Servicer’s “Justification” For Fraud In Obtaining Limited Power Of Attorney From FDIC

Living Lies

Investigator Bill Paatalo: FOIA Request Reveals Servicer’s “Justification” For Fraud In Obtaining Limited Power Of Attorney From FDIC
This FOIA response from the FDIC dated June 29, 2017 contains a request to renew CIT Bank, N.A.’s “Limited Power of Attorney” from the FDIC regarding the failed IndyMac Bank, fsb and IndyMac Federal Bank, fsb. The “Justification” for CIT Bank’s request states as follows:

03/04/18

Big Wall Street Banks See Chance to Weaken Post-Crisis Rule

NYTimes

Big Wall Street Banks See Chance to Weaken Post-Crisis Rule
The first significant bipartisan attempt to alter rules established after the 2008 financial crisis is turning into a battle on Capitol Hill, as some of the biggest Wall Street banks seek to

03/03/18

Investigator Bill Paatalo: The Money Trail Dead-Ends

Living Lies

Investigator Bill Paatalo: The Money Trail Dead-Ends
Investigator Bill Paatalo has not put down the shovel since he started digging through voluminous amounts of bank data almost a decade ago. He sifts through thousands of documents filed by the SEC, FDIC, OCC, court dockets, FBI, Attorney General offices, internet and documents submitted from concerned citizens and whistle-blowers.

03/03/18

SIX YEARS LATER … AND THEY’RE STILL ROBOSIGNING!

Clouded Titles

SIX YEARS LATER … AND THEY’RE STILL ROBOSIGNING!
In March of 2012, all of the major servicers and the 49 States Attorneys General (except Oklahoma) inked an agreement wherein the servicers would stop the then-common practice of “robosigning” documents. Six years later and it’s still going on.

03/02/18

FHA extends foreclosure moratorium for Puerto Rico, Virgin Islands hurricane victims

Housing Wire

FHA extends foreclosure moratorium for Puerto Rico, Virgin Islands hurricane victims
The Department of Housing and Urban Development announced this week that the Federal Housing Administration is extending the foreclosure moratorium for Hurricane Maria victims in Puerto Rico and the U.S. Virgin Islands.

03/01/18

THINKING OF PLEADING TILA? THINK TWICE!

Clouded Titles

THINKING OF PLEADING TILA? THINK TWICE!
The U.S. 8th Circuit Court of Appeals has just affirmed the U.S. District Court’s decision (for the District of Minnesota) on the Jesinoksi case once and for all.

03/01/18

Forensic Loan Audits

FEDERAL TRADE COMMISSION

Forensic Loan Audits
Fraudulent foreclosure “rescue” professionals use half-truths and outright lies to sell services that promise relief to homeowners in distress. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, the latest foreclosure rescue scam to exploit financially strapped homeowners pitches forensic mortgage loan audits.

03/01/18

High Court to Examine Foreclosure Notice Requirements

Stopforeclosurefraud.com

High Court to Examine Foreclosure Notice Requirements
Law.com-
The Pennsylvania Supreme Court is set to decide whether a mortgagee must issue a new notice of intent to foreclose before filing a second foreclosure complaint after its initial complaint was dismissed.

03/01/18

CHASE BOMBSHELL! Investigator Bill Paatalo Follow-Up: JPMorgan Chase Ordered To Produce Wire Transfers Of Borrower’s Payments To Trust

Living Lies

CHASE BOMBSHELL! Investigator Bill Paatalo Follow-Up: JPMorgan Chase Ordered To Produce Wire Transfers Of Borrower’s Payments To Trust
On February 23, 2018 JPMorgan Chase filed an emergency motion seeking clarification and an in camera review. (See: Chase Emergency Motion – Proodian (1) ) Here are some excerpts from the motion with my comments in CAPS:

02/27/18

Sacramento sues Wells Fargo, says bank discriminated against black and Latino borrowers

Justice League Task Force

Sacramento sues Wells Fargo, says bank discriminated against black and Latino borrowers
The city of Sacramento has filed a federal lawsuit against Wells Fargo alleging the banking giant steers African American and Latino borrowers into high-risk and high-cost mortgages.

02/26/18

Those who implicitly trust in the legal system will get screwed by it!

Clouded Titles Blog

Those who implicitly trust in the legal system will get screwed by it!
(OP-ED) —
The author of this post is an author and consultant to attorneys (and a paralegal) on real property matters and his comments (especially in this post) are of his own opinion and not that of others in the legal system.

02/26/18

Fannie Mae projected to Fail

Living Lies

Fannie Mae projected to Fail
Why Fannie Mae Will Likely Fall to $0
By Paul Price
Mixing business with politics is a recipe for disaster, and that’s never been proven more true than by Fannie Mae (FNMA) , the publicly traded quasi-governmental agency that provides banks with money to underwrite mortgages.

02/26/18

JPMorgan Chase Ordered To Produce Wire Transfers Of Borrower’s Payments To Trust

BP Investigativeagency

JPMorgan Chase Ordered To Produce Wire Transfers Of Borrower’s Payments To Trust
Things are going to get real interesting now! On February 15th, 2018, the following Order was handed down in the Circuit Court for Palm Beach County, Florida. Here is a little background on this case.

02/23/18

It's official: Woman who refused to accept foreclosure is keeping her house

Democrat and Chronicle

It's official: Woman who refused to accept foreclosure is keeping her house
Liz McGriff has been living in her home for almost a year after being evicted from it. Trying to work with the bank to buy it back, she found out the first week of August that the bank wants her evicted. (Aug. 8, 2017) Tina MacIntyre-Yee

02/23/18

The Qualified Principal Residence Indebtedness Exclusion for Forgiven Debt Income

NCLC

The Qualified Principal Residence Indebtedness Exclusion for Forgiven Debt Income
federal statute enacted in February provides important tax relief for homeowners involved in 2017 foreclosures, short sales, or loan modifications.

02/22/18

Fannie & Freddie Repackage Defective Loans and sell them to Naive Investors.

Living Lies

Fannie & Freddie Repackage Defective Loans and sell them to Naive Investors.
Fannie Mae and Freddie Mac have separately announced sales of non-performing loans this week. Offsetting these toxic mortgage securities target smaller investors, including nonprofits and minority- or women-owned businesses who can’t afford to take the hit when they realize they bought defective repackaged securities the big lenders now avoid.

02/21/18

California Supreme Court Eliminates Lender Defense to Borrower Fraud Claims

Buchalter.com

California Supreme Court Eliminates Lender Defense to Borrower Fraud Claims
On January 14, the California Supreme Court issued its opinion in Riverisland Cold Storage v. Fresno-Madera Production Credit Assn., which takes away a lender defense to borrower fraud claims and will therefore have a significant impact on all California lenders.

02/21/18

David Dayen: The Source of the Next Recession

Living Lies

David Dayen: The Source of the Next Recession
History suggests that the Trump administration’s zeal for financial deregulation could lead to an economic crisis.

02/20/18

Mortgage-Transfer Systems are another layer of Illusion

Living Lies

Mortgage-Transfer Systems are another layer of Illusion
U.S. Residential-Mortgage Transfer Systems: A Data-Management Crisis John Patrick Hunt† , Richard Stanton‡ , and Nancy Wallace§ May 16, 2012 “The loans are literally impossible to track, have no verifiable accounting, AND the master servicers and trustees manipulate and expunge data with no oversight.”

02/20/18

2012 Abstract Shows Absence of Data Credibility for Borrowers, Lenders, Investors and Government Regulators

Living Lies

2012 Abstract Shows Absence of Data Credibility for Borrowers, Lenders, Investors and Government Regulators
U.S. Residential-Mortgage Transfer Systems: A Data-Management Crisis John Patrick Hunt† , Richard Stanton‡ , and Nancy Wallace§ May 16, 2012 Abstract This paper reviews the current state of residential-mortgage data structures from origination through the securitization supply chain.

02/19/18

Royal Bank of Scotland Trained Employees on How to Forge Signatures

Living Lies

Royal Bank of Scotland Trained Employees on How to Forge Signatures
Fraud for the first time in history has been institutionalized into law.

02/16/18

Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch

NY Times

Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch
Any one of the sins that Wells Fargo committed against consumers would have been bad enough.

02/15/18

The CFPB’s Declaration of Dependence

ProPublica

The CFPB’s Declaration of Dependence
Born as a fiercely independent agency meant to protect citizens, the Consumer Financial Protection Bureau has quickly been subsumed into the Trump administration. Banks, student-loan agencies and payday lenders are the winners.

02/15/18

House approves changes to TRID rule, loan originator licensing rules

Housing Wire

House approves changes to TRID rule, loan originator licensing rules
The House of Representatives last night approved a bill that could bring big changes to the mortgage industry, including making it easier for loan originators to move from a traditional bank to a nonbank.

02/14/18

Lawyers don’t need special protection to work as debt collectors

Kansascity.com

Lawyers don’t need special protection to work as debt collectors
Congress is considering a bill that has been titled a “technical clarification” for the practice of law. Sounds quite innocent and humdrum, doesn’t it? But the true aim of the bill is much worse. It intends to shield debt collection lawyers from the very laws that outlaw unfair debt collection practices.

02/14/18

TILA RESCISSION: The Bottom Line for Now

Living Lies

TILA RESCISSION: The Bottom Line for Now
Probably the main fallacy of the people who say that TILA Rescission is not possible or viable is that they project the outcome of a lawsuit to vacate rescission.

02/14/18

Act Now: California Legislators take the Teeth out of the California Homeowner Bill of Rights

Living Lies

Act Now: California Legislators take the Teeth out of the California Homeowner Bill of Rights
By Attorney Patricia Rodriguez 2013 vs. 2018: CALIFORNIA’S HOMEOWNER BILL OF RIGHTS: Due to no legislation being enacted/amended to extend borrower protections currently found within the Homeowner Bill of Rights (“HBOR”) (2013) California borrowers have lost the following protections against often overzealous and aggressive mortgage/loan servicers:

02/13/18

Nationstar (aka Mr. Cooper) merging with WMIH Corp. in $3.8 billion deal

Housing Wire

Nationstar (aka Mr. Cooper) merging with WMIH Corp. in $3.8 billion deal
For more than 11 years, Fortress Investment Group controlled Nationstar Mortgage, the nonbank now known as Mr. Cooper, via majority ownership in the company’s shares.

02/13/18

Bill to address Madden ruling would be nightmare for consumers

American Banker

Bill to address Madden ruling would be nightmare for consumers
A vote is expected imminently in the House on the so-called Madden bill, which, if it becomes law, would spread predatory triple-digit loans, like a virus, to every state in America. The legislation would ensnare borrowers in financially devastating debt traps.

02/13/18

Fannie Mae selling more than $1 billion in non-performing loans

Housing Wire

Fannie Mae selling more than $1 billion in non-performing loans
Fannie Mae is continuing to shed non-performing loans from its books, announcing Tuesday that its plans to sell off more than $1 billion in delinquent loans.

02/12/18

CFPB funding slashed, enforcement authority reined in by Trump budget

Housing Wire

CFPB funding slashed, enforcement authority reined in by Trump budget
Back in May 2017, President Donald Trump’s 2018 federal budget proposal put the Consumer Financial Protection Bureau in its crosshairs, recommending slashing the bureau’s budget to almost nothing as a method to rein in the seemingly negative impact of the CFPB on consumers

02/12/18

Trump Administration Plans To Defang Consumer Protection Watchdog

NPR

Trump Administration Plans To Defang Consumer Protection Watchdog
The Consumer Financial Protection Bureau was created after the financial crisis to protect Americans from being ripped off by financial firms.

02/09/18

Can He Say That? Frustrated Attorney Asks, 'What's Wrong With the Third DCA?'

Daily Business Review

Can He Say That? Frustrated Attorney Asks, 'What's Wrong With the Third DCA?'
Fort Lauderdale attorney Evan M. Rosen is criticizing a state appellate court — via news release — in a move that seems to flirt with breaking Florida Bar rules against impugning the integrity of judges.

02/09/18

Ten Years After the Crisis, Banks Win Big in Trump’s Washington

Bloomberg

Ten Years After the Crisis, Banks Win Big in Trump’s Washington
In early February, with the Treasury secretary testifying about wild gyrations in the stock market and the Federal Reserve leveling unprecedented penalties against Wells Fargo & Co., it may have felt like 2008 again, with the financial system under siege. In reality, banks are booming, at least in Washington.

02/09/18

Servicer’s don’t want Payments they want Defaults

Deadly Clear

Servicer’s don’t want Payments they want Defaults
Dirty paper, dirty tricks! We’re all sick and tired of it. Let’s get real here folks – it’s not just Citibank and it’s probably not Citibank at all. It is likely that all roads lead to the fraudulently concealed Fannie Mae and Freddie Mac – along with their ol’ pal …U.S. Treasury.

02/08/18

Ginnie Mae threatens to boot lenders from bond program over VA loan churning

Housing Wire

Ginnie Mae threatens to boot lenders from bond program over VA loan churning
Ginnie Mae is turning up the heat in its fight against a segment of mortgage lenders that are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages.

02/07/18

PA ranked among worst for home foreclosures

Mtwintiers.com

PA ranked among worst for home foreclosures
A new report says Pennsylvania has some of the highest foreclosure rates in the nation.

02/07/18

NY acquires 92 distressed LI mortgages to avoid foreclosures

NewsDay

NY acquires 92 distressed LI mortgages to avoid foreclosures
New York State has taken over 92 distressed mortgages on Long Island to help homeowners avoid foreclosure and prevent homes from becoming “zombie” properties.

02/07/18

CFPB requests information on its own enforcement process

Housing Wire

CFPB requests information on its own enforcement process
The Consumer Financial Protection Bureau announced Wednesday it is investigating and requesting information on its own enforcement process.

02/07/18

BofA Judge Says ‘No Dice’ to Request to Vacate Scathing Ruling

Stopforeclosurefraud.com

BofA Judge Says ‘No Dice’ to Request to Vacate Scathing Ruling
A bankruptcy judge who slammed Bank of America Corp. for its treatment of a California couple over a foreclosure declined a request to tear up the scathing

02/07/18

Ghostwriter: Fabricating Original Wet Blue Ink Signatures — the Underlying Fraud Behind Nearly all Foreclosures

Living Lies

Ghostwriter: Fabricating Original Wet Blue Ink Signatures — the Underlying Fraud Behind Nearly all Foreclosures
Want to know how they popped up with an “original” note that looked like the original?

02/06/18

Even the Bank Attorneys Admit that NO Tender or lawsuit is Required in TILA Rescission. Burden is on the “lender” side.

Living Lies

Even the Bank Attorneys Admit that NO Tender or lawsuit is Required in TILA Rescission. Burden is on the “lender” side.
It appears that I have struck a nerve with many of the people who seek to prove me wrong in my “theories.” They are facts, not theories.

02/05/18

What and Who is a Creditor?

Living Lies

What and Who is a Creditor?
Practically everyone thinks they know what is a creditor even if they cannot identify who is the creditor. The reason that this is

02/05/18

Jerome Powell officially takes over for Janet Yellen as Fed chair

Housing Wire

Jerome Powell officially takes over for Janet Yellen as Fed chair
On Monday, Jerome Powell took the oath of office and was sworn in as the next Fed chair.

02/02/18

Did Mick Mulvaney just drastically change how the CFPB enforces fair lending laws?

Housing Wire

Did Mick Mulvaney just drastically change how the CFPB enforces fair lending laws?
Reportedly strips Office of Fair Lending of its enforcement powers

02/01/18

Why Fannie May and Freddie Mac Should be Subject to FOIA, and How it Could Happen

San Diego Free Press

Why Fannie May and Freddie Mac Should be Subject to FOIA, and How it Could Happen
The Freedom of Information Act (FOIA), enacted in 1967, provides the public, individuals, and corporations, the presumptive right to access and obtain records from any federal government body unless such records meet one of the nine exemptions or is protected under special law enforcement record exclusion.

02/01/18

Mr. Cooper a.k.a. Nationstar Mortgage Settles with Mass. AG Due to Loan Modification Violations

Culik Law

Mr. Cooper a.k.a. Nationstar Mortgage Settles with Mass. AG Due to Loan Modification Violations
Nationstar Mortgage, which recently changed its name to Mr. Cooper, settled with the Massachusetts Attorney General’s Office over its violations of a law that is supposed to give homeowners a chance to modify their mortgages if they fall behind.

01/31/18

Stunner: Court of Appeals reverses earlier ruling, declares CFPB constitutional

Housing Wire

Stunner: Court of Appeals reverses earlier ruling, declares CFPB constitutional
PHH’s challenge to CFPB leadership structure rebuked by full Court of Appeals

01/31/18

Former Fannie Mae employee accused of taking bribes, selling foreclosures below market value

Housing Wire

Former Fannie Mae employee accused of taking bribes, selling foreclosures below market value
A former Fannie Mae employee allegedly made more than $1 million by accepting bribes and approving the sales of foreclosed properties at below market value to herself and to brokers in exchange for kickbacks.

01/31/18

Court of Appeals rules against CFPB, vacates PHH’s $100M fine for alleged RESPA violations

Housing Wire

Court of Appeals rules against CFPB, vacates PHH’s $100M fine for alleged RESPA violations
While the main story coming out of Wednesday’s stunning decision from the Court of Appeals for the District of Columbia Circuit was the court upholding the constitutionality of the Consumer Financial Protection Bureau, the CFPB didn’t escape unscathed.

01/31/18

TILA Rescission Notice Does NOT Require Justification

Living Lies

TILA Rescission Notice Does NOT Require Justification
Again we return to the issue of rescission under TILA. And again I am correcting the mistaken view that the grounds for sending the notice of rescission must somehow be established before sending it,

01/29/18

Bank of America to Pay $3.4M Whistleblower Settlement Over Foreclosure Practices

Daily Business Review

Bank of America to Pay $3.4M Whistleblower Settlement Over Foreclosure Practices
The lawsuit alleged the bank was using rubber-stamped promissory note endorsements in violation of a consent judgment.

01/26/18

New York Foreclosures At All-Time High, America At All-Time Low

White Plains Daily Voice

New York Foreclosures At All-Time High, America At All-Time Low
Foreclosure auctions in the U.S. are at an 11-year low -- but not in New York.

01/26/18

EDITORIAL: Amazingly, consumer protection bureau now has it in for consumers

Chicago Sun Times

EDITORIAL: Amazingly, consumer protection bureau now has it in for consumers
Too bad there is no bureau to protect the Consumer Financial Protection Bureau....

01/26/18

FRAUDCLOSURE: NOW HIRING – SELECT PORTFOLIO SERVICING CHAIN OF TITLE SPECIALIST

4closurefraud.org

FRAUDCLOSURE: NOW HIRING – SELECT PORTFOLIO SERVICING CHAIN OF TITLE SPECIALIST
Job Summary: Provides assistance in demonstrating the Investor has the appropriate legal authority to initiate actions through a complete Chain of Title, by

01/25/18

Lawsuit claiming public being milked for access to court records advances

Ars Technica

Lawsuit claiming public being milked for access to court records advances
A lawsuit that claims the public is being overcharged by the US government's website for accessing federal court records just took a major step forward. A federal judge overseeing the litigation against PACER,

01/25/18

Miami Judge Sanctions Law Firm, Treasury Secretary Mnuchin's Former Bank for 'Frivolous' Foreclosure

Daily Business Review

Miami Judge Sanctions Law Firm, Treasury Secretary Mnuchin's Former Bank for 'Frivolous' Foreclosure
Miami-Dade Circuit Judge Pedro P. Echarte Jr. sanctioned Treasury Secretary Steven Mnuchin’s former bank, California-based OneWest Bank, and its law firm for filing a frivolous foreclosure against a widow.

01/25/18

Ten years after foreclosures hit Cleveland hard, full recovery remains elusive

Crainscleveland.com

Ten years after foreclosures hit Cleveland hard, full recovery remains elusive
he public radio program Marketplace, which is exploring how the financial crisis and its aftermath changed the country in a project called Divided Decade, this week focused on Cleveland and the city's efforts to dig out of the foreclosure crisis.

01/25/18

N.J. leads the nation in foreclosures. See which county had the most

Nj.com

N.J. leads the nation in foreclosures. See which county had the most
New Jersey once again claimed the infamous honor of leading the nation in foreclosures in 2017. But that's largely because foreclosures take longer to play out in New Jersey, and there are signs things are definitely improving.

01/24/18

Pennsylvania now requires nonbank servicers to be licensed to operate in state

Housing Wire

Pennsylvania now requires nonbank servicers to be licensed to operate in state
Nonbank mortgage servicers have five months to get licensed in the state of Pennsylvania if they want to keep operating in the state.

01/24/18

BankThink Misguided data freeze keeps CFPB from doing its job: Elizabeth Warren

American Banker

BankThink Misguided data freeze keeps CFPB from doing its job: Elizabeth Warren
During the fallout from the financial crisis, I worked with Congress to design the Consumer Financial Protection Bureau to stand up for consumers and hold accountable the giant corporations that had crashed the economy. Congress gave

01/24/18

$20M windfall for UC law schools in wrongful foreclosure suit shrinks to $150K

ABA Journal

$20M windfall for UC law schools in wrongful foreclosure suit shrinks to $150K
A federal judge has vacated a punitive damages award against Bank of America that gave $20 million to the University of California’s five law schools in a wrongful foreclosure case.

01/24/18

$35 Million and All is Forgiven

Living Lies

$35 Million and All is Forgiven
Foreclosure law exists in its own separate universe. Ordinarily the final administrative finding that there were deficiencies in servicing and foreclosure processing would create, at a minimum,

01/24/18

When and What is Consummation of Contract?

Living Lies

When and What is Consummation of Contract?
Like many other “Black letter law” situations, when it comes to foreclosures the courts are ignoring all precedent, statutes, rules and regulations when they consider a loan contract consummated when one party signs documents — without the other side showing it signed documents and performed its obligations. Without consideration passing both ways, there is no contract to enforce.

01/24/18

All Seattle’s new wealth couldn’t save many homeowners from foreclosure

Seattle Times

All Seattle’s new wealth couldn’t save many homeowners from foreclosure
A decade after the banking collapse and the start of the mortgage crisis — which disproportionately targeted minorities and women — people who lost personal battles and homes still are struggling to recover.

01/23/18

How the foreclosure crisis turned four Seattle women into crusaders against predatory lending

Seattle Times

How the foreclosure crisis turned four Seattle women into crusaders against predatory lending
The housing crisis of a decade ago turned home prices and people’s futures upside down. While the nation rebounded and the Seattle area launched into a historic economic revival, some homeowners found themselves facing foreclosure. Here are the stories of four women who fought to save their homes — and found a common cause.

01/23/18

Newly Defanged, Top Consumer Protection Agency Drops Investigation of High-Cost Lender

ProPublica

Newly Defanged, Top Consumer Protection Agency Drops Investigation of High-Cost Lender
In 2013, ProPublica published an investigation of the subprime lender World Finance. World was charging annual

01/22/18

PUERTO RICO CAN’T AFFORD ANOTHER CRISIS, IT NEEDS A MORATORIUM ON ALL FORECLOSURES

Newsweek

PUERTO RICO CAN’T AFFORD ANOTHER CRISIS, IT NEEDS A MORATORIUM ON ALL FORECLOSURES
Two days after Hurricane María passed through Puerto Rico, I was able to get in a car and begin what would be the daily task for the next couple of weeks of looking for water and gas.

01/22/18

Tax Lien Law Haunts Massachusetts Property Owners(Pt. 1)

The New England Center for Investigative Reporting

Tax Lien Law Haunts Massachusetts Property Owners(Pt. 1)
Imagine losing your home and all your equity because you failed to pay a $500 water or sewer bill. As dozens of cities and towns in Massachusetts turn to for-profit companies to go after delinquent taxpayers and balance their books, the consequences can be harsh – big legal fees, high interest rates and even foreclosures and evictions.

01/22/18

Deutsch Bank National Trust Company Was Crushed in Texas in 2015. Why isn’t anyone listening?

Living Lies

Deutsch Bank National Trust Company Was Crushed in Texas in 2015. Why isn’t anyone listening?
When a judge looks carefully at the record, the bank loses. The use of Deutsch’s name in the style of the case still shows that Judges are considering the Plaintiff to be

01/20/18

MA Foreclosure Rate Higher Than National Average: New Report

Wayland Patch

MA Foreclosure Rate Higher Than National Average: New Report
Massachusetts had a higher than average rate of foreclosure filings in the United States for 2017, according to a new report.

01/20/18

YOU THINK YOUR LANDLORD IS BAD? TRY RENTING FROM WALL STREET

The Intercept

YOU THINK YOUR LANDLORD IS BAD? TRY RENTING FROM WALL STREET
RENITA BARBEE, 52, was still grieving the death of her mother last fall when she received another shock. Her landlord, the Wall Street rental

01/20/18

Connecticut Ranks High Among States In Foreclosure Activity

Hartford Courant

Connecticut Ranks High Among States In Foreclosure Activity
The worst of the residential foreclosure crisis may be in Connecticut’s rearview mirror, but a report this week still ranks the state high among all states for homeowners with troubled mortgages.

01/19/18

Christiana Trust/Wilmington Savings Crash and Burn on Standing and More

Living Lies

Christiana Trust/Wilmington Savings Crash and Burn on Standing and More
In this mortgage foreclosure case, the underlying mortgage was passed around like the flu, giving rise to a complexity of ownership

01/18/18

Citigroup: The Poster Child of Bad Mortgages!

Richardmbowen.com

Citigroup: The Poster Child of Bad Mortgages!
This past Sunday the PBS documentary produced by WNET, New York, about Sherry Hunt, one of my former chief underwriters (Sherry blew the whistle on Citigroup four years after I was thrown out for warning about their bad mortgages), and myself aired on KERA Channel 13, Dallas PBS.

01/18/18

Wells Fargo “Explains” Securitization

Living Lies

Wells Fargo “Explains” Securitization
This is a blatant attempt at deception — a deceit without which none of the Trusts would be recognized as legal entities much less the owner of loans.

01/17/18

Ocwen Admission Confounds Judges and Experts

Living Lies

Ocwen Admission Confounds Judges and Experts
This is a blatant attempt at deception — a deceit without which none of the Trusts would be recognized as legal entities much less the owner of loans.

01/16/18

Wells Fargo, Ocwen and Fake REMIC Trust Crash on Standing

Living Lies

Wells Fargo, Ocwen and Fake REMIC Trust Crash on Standing
What is surprising about this case is that there was any appeal. The trial court had no choice but to dismiss the foreclosure claim.

01/16/18

“MERS” Entities and RoboMills are now “off the hook”!

Cloudedtitlesblog.com

“MERS” Entities and RoboMills are now “off the hook”!
Consent Order Terminations were issued this past week by the five federal agencies that imposed them on MERSCORP Holdings, Inc. (f/k/a MERSCORP, Inc.), its baby bastard child,

01/15/18

Castillo v. Nationstar | CA DC-

Stopforeclosurefraud.com

Castillo v. Nationstar | CA DC-
This is one of the few cases where the settlement is public. The order explains some of it, but the Elizabeth Letcher declaration has the meat.

01/15/18

Federal Reserve Board announces termination of enforcement actions against 10 banking organizations, civil monetary penalties against five of the 10, and termination of two joint orders against service providers LPS & MERSCORP

Stopforeclosurefraud.com

Federal Reserve Board announces termination of enforcement actions against 10 banking organizations, civil monetary penalties against five of the 10, and termination of two joint orders against service providers LPS & MERSCORP
The Federal Reserve Board on Friday announced the termination of enforcement actions related to residential mortgage loan servicing and foreclosure processing issued in 2011 and 2012 against 10 banking organizations.

01/15/18

A Little Bit of Foreclosure Soap Won’t Wash Away Those Unclean Hands

Huffington Post

A Little Bit of Foreclosure Soap Won’t Wash Away Those Unclean Hands
It sounds almost biblical; a pronouncement from up high and a warning that those who crave riches must do so by ethical means: so-called “clean hands.”

01/15/18

Financial Industry Caught with Its Hand in the Cookie Jar

Living Lies

Financial Industry Caught with Its Hand in the Cookie Jar
Leveraged loan investors are now concerned about whether they are funding a loan to one entity and then “by succession” ending up with another borrower with a different credit profile, reputation, etc.

01/11/18

DEUTSCHE BANK NAT’L TRUST CO. V. BURKE: NEITHER DEUTSCHE BANK NOR ANY MORTGAGE SERVICER ACTING ON ITS BEHALF HAS THE RIGHT TO FORECLOSE

4closurefraud.org

DEUTSCHE BANK NAT’L TRUST CO. V. BURKE: NEITHER DEUTSCHE BANK NOR ANY MORTGAGE SERVICER ACTING ON ITS BEHALF HAS THE RIGHT TO FORECLOSE
DEUTSCHE BANK NAT’L TRUST CO. V. BURKE: NEITHER DEUTSCHE BANK NOR ANY MORTGAGE SERVICER ACTING ON ITS BEHALF HAS THE RIGHT TO FORECLOSE ~ FINAL DECLARATORY JUDGMENT
STEPHEN Wm SMITH, Magistrate Judge.
Judgment is rendered in favor of defendants John and Joanna Burke against plaintiff Deutsche Bank National Trust Co., as Trustee of the

01/10/18

New York City foreclosures rise to post-crisis high

Housing Wire

New York City foreclosures rise to post-crisis high
There haven’t been this many homes in foreclosure in New York City since the housing crisis, but the news isn’t quite as bad as it seems, a new report shows.

01/10/18

Fact Check: Robo-witness knows nothing

Living Lies

Fact Check: Robo-witness knows nothing
Information is admitted in evidence only after a proper foundation has been laid. If the witness knows nothing about the foundation the evidence should not be admitted as evidence.

01/09/18

Trump Administration Waives Punishment For Convicted Banks, Including Deutsche — Which Trump Owes Millions

Stopforeclosurefraud.com

Trump Administration Waives Punishment For Convicted Banks, Including Deutsche — Which Trump Owes Millions
The Trump administration has waived part of the punishment for five megabanks whose affiliates were convicted and fined for manipulating global interest rates. One of the Trump administration waivers

01/09/18

Trustee v Active Trustee US Bank Fails to show or even attempt to show it is an active trustee

Living Lies

Trustee v Active Trustee US Bank Fails to show or even attempt to show it is an active trustee
While this case discusses diversity and other issues concerning US Bank “as trustee” the reasoning and ruling clearly expose the truth about pleading irregularities by attorneys who purport to represent US Bank or a REMIC Trust.

01/04/18

Trump administration delays Obama fair housing rule, Castro says move “guts” rule

Housing Wire

Trump administration delays Obama fair housing rule, Castro says move “guts” rule
Earlier this year, Department of Housing and Urban Development Secretary Ben Carson said that HUD will look to “reinterpret” a controversial fair housing rule issued by the Obama administration in 2015.

01/04/18

Settlement with mortgage firm for questionable foreclosure practices may affect 300 N.H. residents

Concord Monitor

Settlement with mortgage firm for questionable foreclosure practices may affect 300 N.H. residents
Around 300 Granite Staters may be in line for some money now that New Hampshire has joined most other states in a legal settlement with PHH Mortgage Co. over questionable home mortgage foreclosure practices during the Great Recession.

01/04/18

FDIC win against PwC could finally force auditors to look for fraud

Market Watch

FDIC win against PwC could finally force auditors to look for fraud
A federal judge has given the Federal Deposit Insurance Corp. a big win against PricewaterhouseCoopers, a decision that could cost the auditor more than $1 billion in damages and finally put auditors on the hook for detecting fraud.

01/04/18

Money v Paper

Living Lies

Money v Paper
If the actual facts fail to show ownership of the debt, then paper instruments indicating transfer of a mortgage (or a note) are just that: paper.

01/03/18

Property owner claims Caliber Home Loans Inc. is attempting to collect a mortgage that was satisfied years ago

Pennrecord.com

Property owner claims Caliber Home Loans Inc. is attempting to collect a mortgage that was satisfied years ago
PHILADELPHIA – A Philadelphia consumer alleges debt collectors are attempting to collect on a mortgage that was satisfied in 2011.

01/03/18

A Pathetic Slap on the Wrist: PHH will pay $45 Million over Mortgage Servicing Failures. Those wrongfully Foreclosed eligible for $840 Payment.

Living Lies

A Pathetic Slap on the Wrist: PHH will pay $45 Million over Mortgage Servicing Failures. Those wrongfully Foreclosed eligible for $840 Payment.
PHH, a loan servicer, will pay $45 million as part of a nationwide settlement over mortgage servicing and foreclosure issues during the housing crisis, a group of 49 state Attorney General’s announced Wednesday.

01/03/18

Did Ocwen push a family to the Breaking Point?

Living Lies

Did Ocwen push a family to the Breaking Point?
Ocwen is a debt-collector that is known to cause an incredible amount of stress and trauma to families who have the misfortune of having Ocwen assigned as their loan servicer.

01/03/18

David Dayen: The CEO of Wells Fargo Might Be In Big, Big Trouble

Living Lies

David Dayen: The CEO of Wells Fargo Might Be In Big, Big Trouble
A group of plaintiffs in Utah, with the help of some US Senators, have put the executive in a jam.

01/03/18

Beshear: Nearly 550 Kentuckians Faced With Home Foreclosures Eligible for Payments

Lex18.com

Beshear: Nearly 550 Kentuckians Faced With Home Foreclosures Eligible for Payments
FRANKFORT, KY.– Attorney General Andy Beshear today announced nearly 550 Kentuckians who faced foreclosures on their homes from New Jersey-based PHH Mortgage Company are eligible for payment through a multistate settlement against the company.

01/02/18

Maine Supreme Court rules for homeowner whose only adversaries were third-party debt-collector "servicers" who could not prove ownership of and injury to any debt-owner!

Mathews-Street-America.net

Maine Supreme Court rules for homeowner whose only adversaries were third-party debt-collector "servicers" who could not prove ownership of and injury to any debt-owner!
I and hundreds of thousands, make that MILLIONS of homeowners have the SAME formulaic systemic protocol and algorithm leashed upon us by self-proclaimed "mortgage-servicers" who can not prove agency relationship with a "principle" owner of the debt they're collecting on.

01/02/18

$119,000 Sanctions for Discharge Injunction Violations

National Consumer Bankruptcy Rights Center

$119,000 Sanctions for Discharge Injunction Violations
Continuous confusing contact with the discharged debtors by the mortgage servicer was appropriately sanctioned at $1,000 per violation notwithstanding

01/02/18

Bankers anxious as Trump mulls credit union regulator for CFPB

National Mortgage News

Bankers anxious as Trump mulls credit union regulator for CFPB
The Trump administration’s consideration of J. Mark McWatters to lead the Consumer Financial Protection Bureau is stoking fears among bankers that he will show favor to credit unions once in office.

01/01/18

“DISGRACEFUL”: ELIZABETH WARREN ENRAGED OVER C.F.P.B.’S ORWELLIAN REBRANDING

Vanity Fair

“DISGRACEFUL”: ELIZABETH WARREN ENRAGED OVER C.F.P.B.’S ORWELLIAN REBRANDING
Among the list of things Republicans are contractually obligated to vilify like a deranged evangelical preacher railing against the sins of the Village People, the Consumer Financial Protection Bureau ranks near the top.

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