Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

2020

2019

2018

2017

2016

2015

2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1990's
January | February | March | April | May | June | July | August | September | October | November | December
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.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us

 Date

Article

Articles are added weekly 

Source

  Comment

01/24/20

What Happened To All The Homes Lost During The Foreclosure Crisis? Texas Public Radio

What Happened To All The Homes Lost During The Foreclosure Crisis?
After the Great Recession, hundreds of thousands of families lost their homes — but those houses and apartments didn’t disappear into thin air. Journalist Aaron Glantz studied what happened after the crash for his book: "Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream."

01/24/20

The Law Offices of Patrick Binakis Provides New York Homeowners Foreclosure Pro Bono Assistance at Nassau County Bar Association Menafn

The Law Offices of Patrick Binakis Provides New York Homeowners Foreclosure Pro Bono Assistance at Nassau County Bar Association
MENAFN - Newswire) WOODSIDE, N.Y., January 24, 2020(Newswire.com) - President and founder of the Law Offices of Patrick Binakis, P.C., Patrick Binakis, Esq., recently volunteered at the "NCBA Pro Bono Open House," held at the Nassau County Bar Association in Mineola, NY, where he assisted distressed homeowners facing foreclosures .

01/23/20

New York introduces legislation to create an electronic public banking platform and state digital currency Public Banking Institute

New York introduces legislation to create an electronic public banking platform and state digital currency
In November, New York State Assemblymember Ron Kim, Senator Julia Salazar, and Cornell law professor Robert Hockett, a member of the Public Banking Institute Advisory Board, announced their Inclusive Value Ledger (IVL) proposal. Jordana Rosenfeld reports in Vice that the bills — Assembly Ordinance 8686, and Senate Ordinance 6792 — would create the country’s first publicly owned electronic banking platform, as well as a digital currency that can be exchanged for goods and services within the state.

01/23/20

Goldman Sachs: The Vampire Squid’s Alum Control Two Fed Banks, the U.S. Treasury, the European Central Bank and the Bank of England Wall Street On Parade

Goldman Sachs: The Vampire Squid’s Alum Control Two Fed Banks, the U.S. Treasury, the European Central Bank and the Bank of England
The head of the Federal Reserve Bank of Dallas (Robert S. Kaplan), the head of the Federal Reserve Bank of Minneapolis (Neel Kashkari), the Secretary of the U.S. Treasury (Steve Mnuchin), the President of the European Central Bank (Mario Draghi) and the head of the Bank of England (Mark Carney) all have two things in common: they sit atop vast amounts of money and they are all alums of Goldman Sachs.

01/22/20

Nearly a Decade Ago, This Oakland Mom Protested and Won Her House Back KQED

Nearly a Decade Ago, This Oakland Mom Protested and Won Her House Back
Less than a mile from a West Oakland house that a group of mothers, widely known as Moms 4 Housing, occupied in protest against real estate speculation sits another house, another mom with a similar story.

01/22/20

The Man Who Advises the New York Fed Says It and Other Central Banks Are “Fueling a Ponzi Market” Wall Street On Parade

The Man Who Advises the New York Fed Says It and Other Central Banks Are “Fueling a Ponzi Market”
On Monday, a member of the New York Fed’s own Investor Advisory Committee on Financial Markets, Scott Minerd, published a critique which he headlined as follows: “Global Central Banks Fueling a Ponzi Market,” with this scary subhead: “Ultimately, investors will awaken to the rising tide of defaults and downgrades.”

01/21/20

Bernie Sanders Hasn’t Quite Captured What Wall Street Does: It’s Actually a Fraud-Monetization System with a Money-Printing Unit Called the New York Fed Wall Street On Parade

Bernie Sanders Hasn’t Quite Captured What Wall Street Does: It’s Actually a Fraud-Monetization System with a Money-Printing Unit Called the New York Fed
Senator Bernie Sanders has come closer than anyone on the Presidential campaign trail in defining what Wall Street actually does. Sanders has repeatedly stated at his rallies that “the business model of Wall Street is fraud.”

01/22/20

Did you get the loan? Did you Pay? Circular reasoning produces circular responses. Living Lies

Did you get the loan? Did you Pay? Circular reasoning produces circular responses.
It’s not like anyone can make any claim. To get in court you must own the claim and the claim must be real. If there is a hole in a parking lot that the supermarket should have fixed, that doesn’t mean YOU fell in it and got hurt. Maybe someone else did and they have a potential claim that they have not filed. Or maybe nobody got hurt and there is no claim.

01/21/20

CFPB planning to eliminate DTI requirement from QM lending rules Housing Wire

CFPB planning to eliminate DTI requirement from QM lending rules
Over the last several months, a number of the nation’s largest lenders and housing trade groups have called on the Consumer Financial Protection Bureau to make changes to the Ability to Repay/Qualified Mortgage rule.

01/19/20

$Billions$ in Welfare Go to Mega Banks Who Caused Financial Crisis Living Lies

$Billions$ in Welfare Go to Mega Banks Who Caused Financial Crisis
JPMorgan Chase, the largest bank in the world, made $36.4 billion in 2019. That was the highest profit of any bank in world history. The news, reported Tuesday, sent the company’s stock up by 2 percent. In the fourth quarter of 2019, the company took in $8.5 billion, also a record, making it the tenth largest publicly traded company in the world, with a market cap of $437 billion.

01/17/20

Interesting NY Ruling Creates Some Unusual Questions About Bank of America and Countrywide. Living Lies

Interesting NY Ruling Creates Some Unusual Questions About Bank of America and Countrywide.
As I have previously stated the alleged merger of Bank of America with Countrywide is by no means a foregone conclusion, although lawyers invoke the merger as the basis for ownership and authority over loans.

01/17/20

Here’s How the Fake Unemployment Number Was Created to Subdue Anger Against Wall Street Wall Street On Parade

Here’s How the Fake Unemployment Number Was Created to Subdue Anger Against Wall Street
On February 3, 2015, Jim Clifton, the Chairman and CEO of the iconic 85-year old polling company, Gallup, penned an article for his company in which he called the reported unemployment number issued by the U.S. Government “The Big Lie.”

01/16/20

BNY Mellon faces suit over foreclosures from the housing crash The Real Deal

BNY Mellon faces suit over foreclosures from the housing crash
Bank of New York Mellon faces a reckoning from residential foreclosure cases in New York that date back to the subprime mortgage crisis. The bank — along with its debt-collector partners Shellpoint Mortgage Servicing and law firm McCabe, Weisberg & Conway — are accused by a class-action lawsuit of systematically trying to foreclose on mortgages after the state’s six-year statute of limitations had passed.

01/15/20

Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales Housing Wire

Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales
A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in exchange for selling Fannie Mae-owned foreclosures for less than market value.

01/15/20

JPMorgan’s Historic Earnings Confirm that Fed Loans Are Subsidizing Profits on Wall Street Wall Street On Parade

JPMorgan’s Historic Earnings Confirm that Fed Loans Are Subsidizing Profits on Wall Street
The New York Fed is back to subsidizing billions of dollars in profits at Wall Street’s trading houses, just as it did during the financial crisis.

01/14/20

Notarize makes notarization platform available to all financial institutions MPA Mag

Notarize makes notarization platform available to all financial institutions
Notarize has made its online notarization platform available to all financial institutions. Through the platform, members of credit unions and banks can now use their mobile devices and computers to sign and notarize documents in minutes.

01/14/20

Oregon Requires Certain Documents Related to Termination of Tenancy, Forcible Entry or Detainer, and Foreclosure to Include Information Regarding Assistance Available for Veterans JDSUPRA

Oregon Requires Certain Documents Related to Termination of Tenancy, Forcible Entry or Detainer, and Foreclosure to Include Information Regarding Assistance Available for Veterans
Oregon recently passed a bill, House Bill 2530 (HB 2530), which requires certain information regarding assistance that may be available to veterans be provided when a person sends or serves the following documents to a veteran: (i) a notice of termination of tenancy; (ii) a summons in an action for forcible entry or detainer; (iii) a summons in an action to foreclose a lien upon residential real property; and (iv) a notice of foreclosure of a residential trust deed. Specifically, these documents must include the following information:

01/14/20

‘Lost’ mortgage payment leads to foreclosure threats for Pasco woman WFLA

‘Lost’ mortgage payment leads to foreclosure threats for Pasco woman
AIRIPEKA, Fla. (WFLA) – First-time homebuyer Cortnie Norfleet tried to get ahead on her mortgage – and ended up threatened with foreclosure. Norfleet paid her first mortgage payment to Parkside Lending and then was notified the next day that her mortgage had been sold to the mortgage company Mr. Cooper.

01/14/20

Repo Securities: Where is the value paid for the debt? Living Lies

Repo Securities: Where is the value paid for the debt?
Hidden far away from public view and mainstream media is an enormous fight over who should suffer what loss over the labyrinth of defaults in the “mortgage bonds” also known as “mortgage backed certificates.” Within this fight it is clear that current law is simply nonexistent and ineffectual in achieving a legal or just result. It is the investors and borrowers who are consistently left out in the cold.

01/13/20

United States: United States Supreme Court Clarifies When The Statute Of Limitations For FDCPA Claims Begins To Run Mondaq

United States: United States Supreme Court Clarifies When The Statute Of Limitations For FDCPA Claims Begins To Run
In May 2018, we wrote about an interesting Fair Debt Collections Practices Act ("FDCPA") case in the Third Circuit. In that case, the en banc Third Circuit unanimously held that the FDCPA's one-year statute of limitations begins to run on the date that the violation occurs, not on the date that the plaintiff discovers the violation.

01/13/20

Are the Fed’s Repo Loans Being Repaid by Wall Street’s Trading Houses or Just Rolled Over and Over? Wall Street On Parade

Are the Fed’s Repo Loans Being Repaid by Wall Street’s Trading Houses or Just Rolled Over and Over?
Last Friday, the usually reliable and fact-intensive financial website, Wolf Street, threw a hissy fit over how the Wall Street Journal (and by extension, Wall Street On Parade) is reporting the tallies for the repo loans that the New York Fed has been pumping out every business day since September 17, 2019 to the trading houses on Wall Street.

01/13/20

We are accepting applications for our Advisory Committees CFPB

We are accepting applications for our Advisory Committees
To ensure that the CFPB hears from a variety of external experts with diverse viewpoints, we established the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council.

01/13/20

2020 ROUNDUP: HOW TO WIN AND HOW TO LOSE FORECLOSURES Living Lies

2020 ROUNDUP: HOW TO WIN AND HOW TO LOSE FORECLOSURES
Let me first stop you from referring to your nonpayment as a default. It is not a default if you stopped making payments to someone who lacked any authority to collect them.

01/10/20

California governor to create state's own version of CFPB Banking Dive

California governor to create state's own version of CFPB
California Democratic Gov. Gavin Newsom is expected to unveil plans for the state to create its own version of the Consumer Financial Protection Bureau (CFPB), the Los Angeles Times reported Thursday.

01/10/20

Loans Claimed to be Owned by Fannie Mae Have Probably Been Sold to Private Investors Living Lies

Loans Claimed to be Owned by Fannie Mae Have Probably Been Sold to Private Investors
There is a shroud of mystery around the entire role of the FHA. Its purpose is to guarantee loans, which was expanded to buy loans. It was never a lender. But the process of buying loans was just as complicated as everything else where securitization of debt is claimed. In most cases it “bought” loans from parties who never owned the debt and therefore had nothing to sell.

01/09/20

FINANCIAL SERVICES SUPERINTENDENT LINDA A. LACEWELL ANNOUNCES CREATION OF CONSUMER PROTECTION TASK FORCE, REINFORCING DEPARTMENT’S COMMITMENT TO PROTECT NEW YORKERS DFS New York

FINANCIAL SERVICES SUPERINTENDENT LINDA A. LACEWELL ANNOUNCES CREATION OF CONSUMER PROTECTION TASK FORCE, REINFORCING DEPARTMENT’S COMMITMENT TO PROTECT NEW YORKERS
Task Force Will Help Implement Extensive Consumer Protection Proposals Included in Governor Cuomo’s 2020 State of the State Agenda

01/08/20

Consumer Law Changes Taking Effect In 2020 NCLC

Consumer Law Changes Taking Effect In 2020
This article lists federal and state consumer law changes that already are scheduled to go into effect in 2020. The article also lists several changes that were effective in December of 2019.

01/08/20

Corridor Agreement” Opens More Questions on Role of BONY Mellon Living Lies

Corridor Agreement” Opens More Questions on Role of BONY Mellon
SO BONY mellon is known to be named as “trustee” over what is probably a nonexistent trust with nonexistent beneficiaries since investors do not qualify as beneficiaries of any trust.

01/07/20

Labels Lie: Everything They Say is a Lie Living Lies

Labels Lie: Everything They Say is a Lie
The moral of the story is don’t admit anything, not even the default. There is no default if the party demanding payment has no right to do so.

01/03/20


Cuomo Signs Bill Strengthening Court Protections For People Facing Foreclosures
Kings County Politics

Cuomo Signs Bill Strengthening Court Protections For People Facing Foreclosures
After months of intensive lobbying by lawmakers and attorneys, Governor Andrew Cuomo late last month signed a bill (A.5619/S.5160) into law will protect defendants in foreclosure court from a legal loop-hole in regards to raising the defense of “standing.”

01/03/20


The Doomsday Machine Returns: Citibank Has Sold Protection on $858 Billion of Credit Default Swaps
Wall Street On Parade

The Doomsday Machine Returns: Citibank Has Sold Protection on $858 Billion of Credit Default Swaps
Lily Tomlin is credited with the quote: “No matter how cynical you get, it is impossible to keep up.” Wall Street regularly brings that message home.

01/02/20


Why Is Wall Street the Only Industry in America With Access to the Fed’s Endless Money Machine?
Wall Street On Parade

Why Is Wall Street the Only Industry in America With Access to the Fed’s Endless Money Machine?
Consumers represent two-thirds of GDP in the United States. And yet, when consumers run into trouble, they don’t get a handout from the Federal Reserve – they are forced to file bankruptcy.

01/02/20

Collection Letters Can Renew Statute of Limitations Living Lies

Collection Letters Can Renew Statute of Limitations
The courts had previously protected borrowers as much as possible. Now there is a distinct trend in which even claims barred by SOL can be renewed and energized.

January | February | March | April |May | June | July | August | September | October | November | December
 

copyright MSFraud.org