Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

2021

2020

2019

2018

2017

2016

2015

 Date

Article

Articles are added weekly 

Source

  Comment

01/15/21

Black Americans suffered the most under Trump-era consumer-protection agency, study finds
Elizabeth Warren tells MarketWatch: ‘For several years, the Trump administration has undermined the CFPB, tossing out important consumer protections and refusing to enforce the law, often at the expense of Black and brown Americans and low-income communities…’

01/14/21

Foreclosure Filings Drop to 16-Year Low
Nationwide foreclosure activity plummeted in 2020 to record depths, according to new statistics released by ATTOM Data Solutions.

01/13/21

Sherrod Brown, One of Wall Street’s Biggest Critics, Set to Take the Gavel at Senate Banking
On January 7, Senator Sherrod Brown of Ohio, the Ranking Member of the Senate Banking Committee, released a statement indicating that he is to become the new Chair of that Committee. The announcement came as the Democrats are set to take control of the full Senate from Republicans as a result of the Georgia runoff.

01/12/21

If you have CYNTHIA RILEY’s “signature” on any document in your chain of title you need to read this. Same for Jess Almanza.
MFI-Miami has a file cabinet filled with foreclosure files containing Riley’s stamp that weren’t consummated until months or years after she left Washington Mutual. https://mfi-miami.com/2017/11/jpmorgan-chase-1/ Nearly 2/3 of the Washington Mutual Promissory Notes in foreclosure contain an endorsement stamp of former Washington Mutual Vice President Cynthia Riley. Riley was a Vice President of Washington Mutual until November of 2006 Nearly half of the Washington Mutual loans currently in foreclosure were consummated after November of 2006.

01/11/21

IS ANY OF THIS REAL? From LaSalle Bank to ABN AMRO and LaSalle Bank to Bank of America Ending With U.S. Bank
The progression from LaSalle Bank to Bank of America to US Bank is highly suspect. While it is true that there was a merger between Bank of America and LaSalle bank, It is equally true that the merger was preceded by a reverse merger between LaSalle Bank and ABN AMRO.

01/10/21

When Do CARES Act Forbearance Rights and Foreclosure Moratoriums End?
The March 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains a number of provisions that help borrowers with federally backed mortgage loans. Among these are forbearance protections for borrowers with single-family loans and multifamily loans. However, only one of the forbearance provisions has a clearly defined period when the rights are available. As detailed below, the various federal agencies are taking a piecemeal approach to forbearances, resulting in differing deadlines for different types of federally backed mortgages and lots of confusion for the servicers who have to implement the forbearance programs.

01/09/21

NY Stays Residential Evictions, Foreclosures Through Feb. 27
On December 28, 2020, New York Governor Andrew M. Cuomo signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (EEFPA) which became effective immediately. The new law includes separate components related to residential evictions, mortgage foreclosures, tax foreclosures, negative credit reporting, credit discrimination, and tax renewal exemption protections. This alert will primarily focus on the EEFPA’s effect upon mortgage foreclosures, negative credit reporting, and credit discrimination.

01/08/21

Tax Free Scheme Robs Homeowners and Investors — Trillions Owed to IRS and State Tax Authorities
Hat tip to Summer Chic There are many ways this fraudulent conduct can be stopped or modified. One of them is for taxing authorities to take notice that most of the money generated from the scheme was never reported as income resulting in astronomical underpyments of income tax, transfer taxes, recording fees, etc.

01/08/21

After Mnuchin Demanded that Fed Chair Powell Return Hundreds of Billions from Its Emergency Lending Facilities, Fed Sends Back Just $41.3 Billion
We have become convinced that the allocation of $454 billion under the CARES Act stimulus legislation to cover any losses incurred in the Fed’s emergency bailout programs was a dog and pony show created by U.S. Treasury Secretary Steve Mnuchin (who has testified to Congress that he helped write the legislation) in order to provide Mnuchin with a slush fund to trade in markets.

01/07/21

Death and Mayhem Inside the Capitol Building and the Stock Market Gains 437.8 Points. Why?
As a violent mob of Trump’s citizen militia scaled walls, broke windows and seized control of the Capitol building yesterday around 2 p.m., the Dow Jones Industrial Average set a new intraday high of 31,022.65. It gave up very little by the 4 p.m. close, gaining 437.8 points on the day.

01/06/21

Homeowner’s Dilemma and Pro Se Nightmare: Wanting the system to change is not the way to win a case
Homeowners win because there is no legal claim against them. But they will lose every time if they fail to establish the inability or unwillingness of the foreclosure mill to come up with concrete evidence that there is, in fact, a loan receivable entry on the accounting ledgers of the claimant and that it got there by virtue of a real-world transaction in which value was paid for the underlying obligation.

01/05/21

Consumer Law Rights Scheduled To Go Into Effect Or Extended In 2021.
Availability of Chapter 13 Discharge Despite Missed Payments
Protection of Stimulus Payments from Bankruptcy Trustee
Protection Against Discrimination
CARES Forbearance Claim
Continued Utility Service

01/05/21

In most cases the originator labelled as “lender” was never the lender and never owned the debt — so it could not transfer or convey the loan to anyone
The challenge to homeowners and attorneys who represent homeowners in foreclosure proceedings, is to see the written documents not as presumptively true, but rather as presumptive lie.

01/05/21

This article lists federal and state consumer law changes that are scheduled to go into effect in 2021.
This article lists federal and state consumer law changes that are scheduled to go into effect in 2021. This includes new rights and also rights and programs that were scheduled to terminate in 2020, but are now extended into 2021.

01/04/21

Some Pandemic Protections for Consumers Could Become Permanent
A woman walks past a personal finance loan office in Franklin, Tennessee. Officials in all 50 states and Washington, D.C., have taken emergency action to protect consumers during the pandemic, including enacting temporary measures to curtail aggressive debt collection. Some want to make the protections permanent.

copyright MSFraud.org