Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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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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02/27/17

Senate Adds Another Foreclosure Kingpin To Trump’s Cabinet

The Huffington Post

Senate Adds Another Foreclosure Kingpin To Trump’s Cabinet
The Senate voted on Monday evening, 72 to 27, to confirm Wilbur Ross as secretary of commerce...

02/24/17

Foreclosures spike 18%

Deadly Clear

Foreclosures spike 18%
IMHO foreclosures abound because the majority of loan collateral went through Fannie and Freddie who, it appears, maintained an interest and guarantee, are the real party in interest and are still hiding debt...

02/24/17

Score One for the Bank Whistle-Blowers

New York Times

Score One for the Bank Whistle-Blowers
Here is something to celebrate: The United States Supreme Court just handed whistle-blowers one of their bigger wins in a long time....

02/23/17

Ocwen SEC filing reveals details of CFPB mortgage servicing investigation

Housing Wire

Ocwen SEC filing reveals details of CFPB mortgage servicing investigation
During a call with investors to discuss the company’s fourth-quarter earnings, Ocwen Financial CEO Ron Faris said resolving the Consumer Financial Protection Bureau’s investigation into the company’s mortgage servicing practices...

02/22/17

Supreme Court breathes new life into whistleblower case against Wells Fargo

Justice League

Supreme Court breathes new life into whistleblower case against Wells Fargo
With a ruling Tuesday, the U.S. Supreme Court revived a long-running whistleblower lawsuit that accused Wachovia’s investment bank of violating accounting rules and skirting internal controls...

02/22/17

Expert Testimony and Expert Reports

Living Lies

Expert Testimony and Expert Reports
Homeowners are dismayed and even claim court bias when the report of a self-proclaimed expert is barred from evidence. Or they become equally incensed when the court allows the report into evidence but gives it zero weight in rendering a decision. But the court is, to that extent, merely following the rules that govern what Judges should or should not do.

02/21/17

Big Banks Could Get Back in the Mortgage Market in a Big Way

Mortgage News Daily

Big Banks Could Get Back in the Mortgage Market in a Big Way
For the past six years, there has been a quiet revolution in the mortgage market: Big banks like JPMorgan (NYSE: JPM), Bank of America (NYSE: BAC) and Citibank (NYSE: C) have moved out and nonbank lenders

02/21/17

Republicans make killing consumer protections a top priority

L.A. Times

Republicans make killing consumer protections a top priority
There’s a lot important stuff going down that our leaders need to deal with — immigration, climate change, Russians running amok. So what are Republican lawmakers doing? They’re busy with legislation aimed at stripping Americans of consumer protections.

02/21/17

Uribe v. CARRINGTON MORTGAGE SERVICES, LLC | TX 4DCA – …”the appellee to establish its right to foreclose was forged and therefore void, the trial court erred in granting the appellee’s motion for summary judgment”

stopforeclosurefraud.com

Uribe v. CARRINGTON MORTGAGE SERVICES, LLC | TX 4DCA – …”the appellee to establish its right to foreclose was forged and therefore void, the trial court erred in granting the appellee’s motion for summary judgment”
Maria Jilma URIBE and Jose Carlos Uribe, Appellants, v. CARRINGTON MORTGAGE SERVICES, LLC on behalf of Wells Fargo Bank NA, as Trustee for Carrington Mortgage Loan Trust, Series 2006-NC4 Asset Backed Pass Through Certificates, Appellee.

02/21/17

Fannie and Freddie Launch Flex Modification Program: No Paperwork Required in Some Cases

Living Lies

Fannie and Freddie Launch Flex Modification Program: No Paperwork Required in Some Cases
Fannie Mae and Freddie Mac have launched a new loan modification program for troubled mortgages known as “Flex Modification.” The GSE’s have an issue with rising defaults and questionable paperwork and the Flex Modification allows them to modify the underlying defective “loan” and gloss over the false endorsements, assignments and chain of title issues. Brilliant!.

02/20/17

Consumer Financial Protection Bureau v HARBOUR PORTFOLIO ADVISORS, LLC – CFPB Has Authority To Request Seven Years’ Worth Of Foreclosure Documents

stopforeclosurefraud.com

Consumer Financial Protection Bureau v HARBOUR PORTFOLIO ADVISORS, LLC – CFPB Has Authority To Request Seven Years’ Worth Of Foreclosure Documents
OPINION AND ORDER GRANTING PETITION TO ENFORCE CIVIL INVESTIGATIVE DEMANDS [1]
On November 29, 2016, Petitioner Consumer Financial Protection Bureau (the “Bureau”) petitioned this Court to enforce Civil Investigative Demands (“CIDs”) that the Bureau issued to Respondents on September 8, 2016. (Id.) For the reasons that follow, the Bureau’s petition is GRANTED..

02/20/17

Foreclosures can happen with reverse mortgages

Globe and Mail

Foreclosures can happen with reverse mortgages
Anything that sounds easy comes with risks. And one risk of using a reverse mortgage to pay for retirement, albeit a rare risk, is foreclosure.

02/20/17

California regulator reveals what Ocwen did wrong

Housing Wire

California regulator reveals what Ocwen did wrong
Over the course of last year, Ocwen Financial detailed its efforts to rid itself of the mortgage servicing restrictions placed on it by a 2015 settlement with the California Department of Business Oversight over claims...

02/20/17

2d Florida DCA Knocks Down CitiMortgage – PennyMac Dance

Living Lies

2d Florida DCA Knocks Down CitiMortgage – PennyMac Dance
The Second District Court of Appeal in Florida has issued an opinion that diligently follows the law and the facts. This decision should serve as the blue print of foreclosure defense in all cases involving the dance between CitiMortgage and PennyMac. It is a shell game and the Court obviously is growing weary of the claims of “immunity” issued by the banks in foreclosure cases.

02/20/17

Trump’s first budget would end program to help low-income Americans get lawyers

Think Progress

Trump’s first budget would end program to help low-income Americans get lawyers
A small, efficient, 40-year-old program to provide legal aid to middle- and low-income clients in civil proceedings is facing the budget ax, according to a New York Times report on the early stages of the Trump administration’s internal budget planning.

02/17/17

Wells Fargo whistle-blower finds vindication after 15 years

San Francisco Chronicle

Wells Fargo whistle-blower finds vindication after 15 years
“I’ve been vindicated,” Ian Minto quietly told himself. It was late September last year.

02/16/17

Consumer Agency Can Demand Answers About Foreclosed Homes, Judge Rules

NYTimes.com

Consumer Agency Can Demand Answers About Foreclosed Homes, Judge Rules
At a time when many Republicans are urging President Trump to weaken the Consumer Financial Protection Bureau, a federal judge has now upheld its authority to issue a subpoena in a housing finance investigation.

02/16/17

Court of Appeals agrees to rehear CFPB case, agency to fight "unconstitutional" ruling

Housing Wire

Court of Appeals agrees to rehear CFPB case, agency to fight "unconstitutional" ruling
If President Donald Trump wants to fire Consumer Financial Protection Bureau Director Richard Cordray, he’s going to have to wait a little longer to do it, as the U.S. Court of Appeals for the District of Columbia Circuit ruled Thursday in favor of the CFPB.

02/14/17

Say goodbye to the controversial CFPB consumer complaint database?

Housing Wire

Say goodbye to the controversial CFPB consumer complaint database?
The Consumer Financial Protection Bureau’s consumer complaint database might not make it too much further past the one-millionth-complaint threshold due to a Republican-led effort to repeal the much-criticized database.

02/14/17

Senate confirms former Goldman Sachs banker Steven Mnuchin as Treasury secretary

CSmonitor.com

Senate confirms former Goldman Sachs banker Steven Mnuchin as Treasury secretary
The GOP-controlled Senate easily confirmed Steven Mnuchin as Treasury secretary, with those opposed taking issue with his part in the Wall Street crisis.

02/14/17

Ted Cruz introduces bill to abolish CFPB

Washington Ezaminer

Ted Cruz introduces bill to abolish CFPB
Texas conservative Sen. Ted Cruz on Tuesday introduced legislation to "abolish" the Consumer Financial Protection Bureau, highlighting the threat to the agency from the Right.

02/14/17

Citigroup’s Crime Spree Against Americans Continues With Slaps on the Wrist

Living Lies

Citigroup’s Crime Spree Against Americans Continues With Slaps on the Wrist
Last week, the Consumer Financial Protection Bureau (CFPB) charged two units of the Wall Street mega bank, Citigroup, with insidious fraudulent acts against homeowners while it imposed a modest $28.8 million in relief and penalties...

02/12/17

No place like home: America’s eviction epidemic

The Guardian

No place like home: America’s eviction epidemic
Soaring rents and low wages have hit the poorest families in the US hard. Harvard sociologist Matthew Desmond introduces an extract from his heartbreaking book about the crisis...

02/11/17

As foreclosures grow, Secaucus and North Bergen sign on for help

NorthJersey.com

As foreclosures grow, Secaucus and North Bergen sign on for help
North Bergen will be one of the first towns in Hudson County to enter a shared services agreement to provide foreclosure prevention resources to homeowners who are close to losing their homes...

02/10/17

Chris Christie signs bill to stop Sandy-related foreclosures

Philly.com

Chris Christie signs bill to stop Sandy-related foreclosures
TRENTON, N.J. (AP) - Gov. Chris Christie signed legislation Friday aimed at preventing mortgage foreclosures on houses damaged by Superstorm Sandy but not before he derided lawmakers over the measure's wording and possible effects....

02/10/17

Worcester city councilor, anti-foreclosure group suing attorney general

Telegram.com

Worcester city councilor, anti-foreclosure group suing attorney general
WORCESTER — Local anti-foreclosure activists and a city councilor are suing Attorney General Maura T. Healey over a ruling that derailed an attempted ballot initiative last year. "This is a small salvo in a larger fight," said anti-foreclosure activist Grace Ross, one of several Worcester plaintiffs, including ...

02/10/17

Foreclosure Litigation Strategy Takes Aim at Seniors, Attorneys Say

Law.com

Foreclosure Litigation Strategy Takes Aim at Seniors, Attorneys Say
Felicia El Hassan had already lost one house. During turbulent times decades earlier in communist Cuba, she’d been forced to surrender property before fleeing to America. The 86-year-old woman thought those days ...

02/09/17

Here's a snapshot of the CFPB monthly mortgage complaints

Housing Wire

Here's a snapshot of the CFPB monthly mortgage complaints
Two charts show state of mortgage complaints. The Consumer Financial Protection Bureau highlighted mortgage complaints in its latest monthly complaint snapshot...

02/09/17

BONAFIDE PROPERTIES, LLC v. E-TRADE BANK | FL 5DCA

Stopforeclosurefraud.com

BONAFIDE PROPERTIES, LLC v. E-TRADE BANK | FL 5DCA
We find that E-Trade failed to prove that it had authority to assign the mortgage to itself.

02/09/17

CitiGroup Whistleblower Richard Bowen: The Immaculate Corruption

Living Lies

CitiGroup Whistleblower Richard Bowen: The Immaculate Corruption
Full Measure with Sharyl Attkisson: The Immaculate Corruption featuring Richard Bowen. Photo: Sharyl Attkisson

02/06/17

Maine robo-signing scandal resurfaces with Treasury nomination

Portland Press Herald

Maine robo-signing scandal resurfaces with Treasury nomination
A group opposed to Steven Mnuchin's appointment says the information contradicts his statements on how his bank handled mortgages during the financial crisis.

02/06/17

Can you really call it a loan when the money came from a thief?

Living Lies

Can you really call it a loan when the money came from a thief?
Perhaps this summary might help some people understand why bad loans were the object of lending instead of good loans. The end result in the process was always to steer everyone into foreclosure.

02/03/17

Here’s how and why CitiMortgage is leaving mortgage servicing

Living Lies

Here’s how and why CitiMortgage is leaving mortgage servicing
Editor’s Note: CitiMortgage is the 6th largest loan servicer in the United States. Citi is now exiting the lucrative industry of mortgage servicing and foreclosing on loans it doesn’t own. Citi was fined $28.8 million dollars last week for servicing improprieties.

02/03/17

WANTED: CitiMortgage Materials, Documents and Manuals

Living Lies

WANTED: CitiMortgage Materials, Documents and Manuals
Do you or someone you know have access to CitiMortgage servicing, foreclosure, modification or other manuals that may shed light on CitiMortgage’s procedures and policies? Did you obtain any CitiMortgage documents through discovery in your own case?

02/02/17

NYE LAVALLE: ROBO-LAWYERS & ROBOWITNESS COMMIT FRAUD ON A FLORIDA COURT

Stopforeclosurefraud.com

NYE LAVALLE: ROBO-LAWYERS & ROBOWITNESS COMMIT FRAUD ON A FLORIDA COURT
McGlinchy Stafford Robo-Lawyers Kathleen Angione & Daniel Pasky Go Over The Top To Intentionally Deceive A Good, Honorable & Inquisitive Judge In A Volusia County, Florida Court With the Known Introduction of Fabricated Evidence

02/01/17

MASS VOTERS SUE FOR TIME TO PRESERVE THE RIGHTS OF 77,344 FORECLOSED HOMEOWNERS

InCityTimesWorcester.org

MASS VOTERS SUE FOR TIME TO PRESERVE THE RIGHTS OF 77,344 FORECLOSED HOMEOWNERS
From Grace Ross and the Mass Alliance Against Predatory Lending: Today, at the 10 a.m. Press Conference, Massachusetts voters who had attempted to put the law to minimize homeowners’ ability to reverse an illegal foreclosure on the ballot for this past November announced their filing of a suit in the Supreme Judicial Court of Massachusetts.

02/01/17

Wells Fargo Foreclosure: Another Unconscionable Foreclosure Tale

Living Lies

Wells Fargo Foreclosure: Another Unconscionable Foreclosure Tale
In 1998, Leanne Labadee bought a three-unit home on Ogden Street in Penn Yan for $75,000. The 50-year-old faithfully paid her mortgage every month, the majority of the time with money orders. She never missed a payment. Like many, she received notices

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