Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
06/05/21	Eviction and foreclosure are top concerns of ALICE population during pandemic	Culpeper Star Exponent	Eviction and foreclosure are top concerns of ALICE population during pandemic Eviction or foreclosure is a top concern of households identified as ALICE—an acronym for asset limited, income constrained, employed—during the COVID-19 pandemic, according to a survey conducted by the Rappahannock United Way.
06/04/21	Forbearances Tumble Due to May Expirations	Mortgage News Daily	Forbearances Tumble Due to May Expirations The number of loans in forbearance declined sharply over the course of the past week. Black Knight said the number of homeowners exiting their plans jumped to the highest level in four weeks due to end-of-May expirations. There were also noticeable declines in the number of borrowers returning to the program as well as new participants.
06/03/21	How to Understand the Game of Foreclosure: Baseball and Debt	Living Lies	How to Understand the Game of Foreclosure: Baseball and Debt It is very challenging for someone like me to find the best words to describe what the Wall Street banks are doing. Back in 2006, I used the food processor analogy. I said if you put the apple, orange, and banana in the food processor it is impossible to bring the apple to court with you because you can’t reinvent it. It’s gone. That was interesting but it didn’t help as many people as I wanted.
06/03/21	Consumer Harm & the Foreclosure Moratorium	DSNews	Consumer Harm & the Foreclosure Moratorium The Consumer Financial Protection Bureau (CFPB) once again raised warning flags for the mortgage industry with their recent proposal to prohibit servicers from initiating foreclosures until after December 31, 2021. However, regardless of the proposed rules, the need for streamlined, scalable processes to address a sudden influx of hardship requests is becoming increasingly urgent.
06/03/21	Lessons Learned from Spokeo v Robins	Clouded Titles Blog	Lessons Learned from Spokeo v Robins The whole idea behind the ruling in Spokeo was narrow in nature. The U.S. Supreme Court (May 16, 2016) was asked whether Robins (the consumer bringing suit against the people search engine Spokeo) had standing to maintain an action in federal court under the Fair Credit Reporting Act.
06/03/21	Revised PPP Loan Forgiveness Applications and Guidance - Update #4	JD Supra	Revised PPP Loan Forgiveness Applications and Guidance - Update #4 Below are 10 important things to know about the Paycheck Protection Program (“PPP”) Loan Forgiveness ?Applications and the detailed instructions for the revised and updated applications posted on May 24, 2021, ?as well as other forgiveness procedures as updated by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, ?and Venues Act (the “Economic Aid Act” or “PPP2 Act”).
06/02/21	Strict Foreclosure Under New York Law—2.0	Law.com	Strict Foreclosure Under New York Law—2.0 In this edition of her Secured Transactions column, Barbara M. Goodstein discusses '111 West 57th Inv. LLC v. 111 W57 Mezz Inv’r LLC', an Appellate Division ruling that is interesting for its interpretation as to the persons entitled to notice of and a right to object to a strict foreclosure under §§9-620 and 9-621.
06/02/21	Oregon reinstates moratorium on foreclosures through at least June 30	OregonLive	Oregon reinstates moratorium on foreclosures through at least June 30 Oregon homeowners who have fallen behind on their mortgages due to the coronavirus pandemic will be protected from facing foreclosure until at least the end of the month.
06/02/21	It's About to Get Easier for Over a Million Homeowners to Refinance Their Mortgages	Money	It's About to Get Easier for Over a Million Homeowners to Refinance Their Mortgages Two new mortgage refinance programs launching this summer should make it a little easier for lower-income borrowers to save on their home loan payments.
06/02/21	Call to Action: A Major New Project for Homeowners —Grass Roots Petition to Change Rules of Foreclosure	Living Lies	Call to Action: A Major New Project for Homeowners —Grass Roots Petition to Change Rules of Foreclosure Many of you are aware that I am involved with APON (American Property Owners Network) in Project Rule Change involving a Petition for changes in the rules, procedures, and preapproved forms currently utilized in foreclosure.
06/01/21	Here we go again with Jay Patterson	Mandelman Matters	Here we go again with Jay Patterson In this episode, Martin talks with Jay Patterson about the possible foreclosures looming in the near future after things start to return to normal after the pandemic and what will happen with forbearances.
06/01/21	Forbearance re-entries making life difficult for servicers	Housing Wire	Forbearance re-entries making life difficult for servicers Servicers’ forbearance portfolio volumes managed to drop one basis point last week to 4.18%, the 13th consecutive week of declines. However, some unfortunate trends are beginning to crystalize.
05/30/21	Why Democrats Are Angry At Wall Street	NPR	Why Democrats Are Angry At Wall Street Sen. Sherrod Brown, D-Ohio, hasn't forgotten the Great Recession. In the first half of 2007, Brown recalls, there were more foreclosures in his hometown than anywhere else in the country. It was a period that led to the Global Financial Crisis: Millions of Americans lost their homes, while banks and other corporate sectors were rescued by billions of dollars in bailouts.
05/28/21	House Hearing: Only Jamie Dimon’s Microphone Mysteriously Malfunctions During Pivotal Questioning	Wall Street On Parade	House Hearing: Only Jamie Dimon’s Microphone Mysteriously Malfunctions During Pivotal Questioning CEOs from the six largest banks on Wall Street testified under oath yesterday before the House Financial Services Committee. But only one CEO, Jamie Dimon, had an ear-piercing electronic sound emanate from his microphone, which blocked out the sound of his voice, when he was asked key questions by two separate members of Congress.
05/28/21	Mortgage Foreclosure Freeze Ends Soon — Here Are the Banks Extending the Moratorium	Yahoo Finance	Mortgage Foreclosure Freeze Ends Soon — Here Are the Banks Extending the Moratorium An important COVID-era protection against foreclosures is about to end, and some banks will not extend the benefit. Currently, Americans are protected from losing their homes through a foreclosure moratorium on federally backed loans.
05/28/21	There is no conflict of laws. There is conflict in understanding them.	Living Lies	There is no conflict of laws. There is conflict in understanding them. It is correct to say that Article 3 of the Uniform Commercial Code adopted in all US jurisdictions applies to negotiable instruments and that article 9 applies to secured transactions.
05/28/21	Why Securitization Does and Should Make a Difference to Consumers Who Think They are Borrowing.	Living Lies	Why Securitization Does and Should Make a Difference to Consumers Who Think They are Borrowing. It’s true. Transactions with consumers have in fact been securitized. What consumers and their lawyers fail to realize is that the securitization of the transaction does not mean that securitization of the underlying obligation or legal debt has occurred.
05/27/21	Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022	CNBC	Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022 It’s been over a year since lenders and the federal government stepped in to help Americans stay in their homes amid the global health and economic crisis caused by the Covid-19 pandemic. And many Americans still need that support.
05/26/21	How Wall Street Manipulates MEDIA and Interest Searches, Producing Financial Suicide By Homeowners and Other Consumer “borrowers” who fail to challenge Claims for Administration, Collection and Enforcement of “Debt”	Living Lies	How Wall Street Manipulates MEDIA and Interest Searches, Producing Financial Suicide By Homeowners and Other Consumer “borrowers” who fail to challenge Claims for Administration, Collection and Enforcement of “Debt” There are two things that are absolutely true. You can prove it by doing the work yourself.
05/26/21	Family Hit With Thousands in Unexpected Fees During Foreclosure	NBC Miami	Family Hit With Thousands in Unexpected Fees During Foreclosure With thousands behind in mortgage payments, foreclosures are expected to rise. NBC 6 Investigators have one family’s fight against foreclosure and how they were hit with tens of thousands in unexpected fees.
05/26/21	17% of Mass. residents worry they could face foreclosure, eviction in the next two months	Boston Globe	17% of Mass. residents worry they could face foreclosure, eviction in the next two months While the pandemic has shaken up life for millions of Americans, it has thrust those already in precarious housing situations into survival mode.
05/25/21	Three Wall Street Mega Banks Have Admitted to a Combined Eight Felony Counts; But Don’t Expect the Word “Felony” to Come Up in Wednesday’s Senate Banking Hearing with their CEOs	Wall Street On Parade	Three Wall Street Mega Banks Have Admitted to a Combined Eight Felony Counts; But Don’t Expect the Word “Felony” to Come Up in Wednesday’s Senate Banking Hearing with their CEOs On Wednesday, the Senate Banking Committee will haul each of the CEOs of the largest U.S. banks on Wall Street to a hearing. Three of those banks have been charged with, and admitted to, egregious felonies. But we will be shocked if any
05/24/21	Concerns Grow as Foreclosure Moratoria Date Nears	DSNews	Concerns Grow as Foreclosure Moratoria Date Nears An analysis by QuoteWizard, a LendingTree company, of American homeowners and renters has found that an increasing number are growing more concerned of keeping a roof over their head as foreclosure moratoria dates grown closer and unemployment levels remain unstable.
05/24/21	The Never-Ending Battle: Fair Housing Advocates and the Fight Against Modern-Day “Shadow” Redlining (Part 2)	AHP75	The Never-Ending Battle: Fair Housing Advocates and the Fight Against Modern-Day “Shadow” Redlining (Part 2) If it holds true that the key to generational wealth in America is, and has largely always been, homeownership, then the opposite holds true for intergenerational poverty. When a person is locked out of the single most commonplace and realistic way to create and sustain wealth in our country, they spend a lifetime wallowing in poverty—or at least in the inability to have access to one of the most tried-and-true methods of rising up into a higher economic class.
05/23/21	Reposting Our Analysis and Conclusions Published about One Month Before the 2008 Crash	Living Lies	Reposting Our Analysis and Conclusions Published about One Month Before the 2008 Crash The only thing we got wrong was that in many cases the originated transaction was not a loan and investors were never purchasing homeowner transactions. They were purchasing unsecured IOUs issued by investment banks who were operating under the name of a fictitious trust that was created solely for receiving bare naked title to documents, while expressly excluding any right, title or interest to any debt, note or mortgage.
05/22/21	Mr. Cooper and Google Partner on New AI Initiative	DSNews	Mr. Cooper and Google Partner on New AI Initiative Mr. Cooper Group Inc. and Google Cloud have joined forces to create a digital mortgage servicing platform, powered by artificial intelligence (AI), machine learning (ML), data analytics, and cloud scalability to ease the distribution, signing, submission, and review of loan documentation.
05/22/21	Biden's $10 billion in mortgage aid is on the way — here's how you qualify	Yahoo Finance	Biden's $10 billion in mortgage aid is on the way — here's how you qualify Though there are signs the coronavirus cloud over the U.S. economy is lifting, millions are still facing serious financial strains from the pandemic, including the risk that they'll lose the roofs over their heads.
05/21/21	CDC Eviction Moratorium Not Quite Over: Where Do We Go From Here?	The National Law Review	CDC Eviction Moratorium Not Quite Over: Where Do We Go From Here? Last September, the Centers for Disease Control and Prevention (CDC) ordered a nationwide eviction moratorium on residential properties. 85 Fed. Reg. 55,292 (Sept. 4, 2020). On May 5, 2021, the United States District Court for the District of Columbia held that this order was invalid; but on May 14, 2021, despite finding that the CDC did not have a substantial likelihood of success on the merits, the court stayed its opinion pending appeal.
05/21/21	Attorneys David Winker and Bruce Jacobs Call Attention to Looming Foreclosure Crisis	Miami's Community News	Attorneys David Winker and Bruce Jacobs Call Attention to Looming Foreclosure Crisis Local Miami victims of predatory lending practices and their attorneys came together to hold a press conference across the street from a Bank of America on Ponce de Leon Ave in Coral Gables on May 19, 2021. At the event,
05/21/21	A Black Woman Says She Had To Hide Her Race To Get A Fair Home Appraisal	NPR	A Black Woman Says She Had To Hide Her Race To Get A Fair Home Appraisal A number of studies have found that Black-owned homes are undervalued when compared to those of white homeowners. This is especially true in historically Black neighborhoods. A 2018 report by the Brookings Institution
05/21/21	Stop Using the Word “Servicer”	Living Lies	Stop Using the Word “Servicer” The courts will always at least initially consider the points that you are raising to be technical attempts to escape liability for a legal debt. You need to reframe the situation.
05/21/21	WASHINGTON SUPREME COURT - Laura Cozza v. PNC Bank National Association	Scott Stafne	WASHINGTON SUPREME COURT - Laura Cozza v. PNC Bank National Association Petition for Discretionary Review
05/21/21	SNOHOMISH COUNTY WASHINGTON SUPERIOR COURT - Bergerons' Response	Scott Stafne	SNOHOMISH COUNTY WASHINGTON SUPERIOR COURT - Bergerons' Response to Deutsche Bank's Motion to Dismiss Bergerons' Counter and Cross Claims
05/20/21	They going to show up and kick me out": Millions face eviction when moratorium ends	CBS	They going to show up and kick me out": Millions face eviction when moratorium ends Dallas — Families across the U.S. don't know if they're going to have a place to stay as states challenge the federal moratorium on evictions imposed during the pandemic. The trickle of evictions could soon become a flood as renters owe $53 billion to landlords.
05/20/21	I wonder if Google understands that they just signed up for assistance with preparation of fraudulent documentation	Living Lies	I wonder if Google understands that they just signed up for assistance with preparation of fraudulent documentation Mr. Cooper Group Inc. and Google Cloud have joined forces to create a digital mortgage servicing platform, powered by artificial intelligence (AI), machine learning (ML), data analytics, and cloud scalability to ease the distribution, signing, submission, and review of loan documentation.
05/19/21	BLACK KNIGHT, CORE LOGIC MOVE TO AUTOMATED VALUATION FOR APPRAISALS	Living Lies	BLACK KNIGHT, CORE LOGIC MOVE TO AUTOMATED VALUATION FOR APPRAISALS Appraisal fraud creates civil and criminal liability. And it turns out that licensed appraisers are still uncomfortable with the current system of faking appraisals. So the investment banks,
05/19/21	Olympic gold medalist living in car outside her Villa Park home amid identity theft legal battle	KTLA	Olympic gold medalist living in car outside her Villa Park home amid identity theft legal battle Olympic gold medalist and retired basketball player Cindy Brown is living in her car outside her Villa Park home after she says she became a victim of identity theft in a legal battle that’s spanned more than a decade.
05/19/21	How to Actually Prosecute the Financial Crimes of the Very Rich	The Atlantic	How to Actually Prosecute the Financial Crimes of the Very Rich I quit the DOJ because I no longer wanted to participate in a system this permissive.
05/17/21	CoreLogic: Equity Growth Among Homeowners May Provide Significant Foreclosure Barrier	Mortgage News Daily	CoreLogic: Equity Growth Among Homeowners May Provide Significant Foreclosure Barrier Two companies have issued reports on the strong gains in homeowner equity. Not only is this an indication of building household wealth and the ability of the housing market to withstand some of the economic damage of the pandemic according to ATTOM

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