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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08/29/21

The Federal Reserve is failing America Washington Examiner

The Federal Reserve is failing America
The debate over inflation is getting more intense. At the end of July, yearly price increases reached 5.4%, fueling a new round of debate between inflation doves and inflation hawks. Doves suggest price hikes are a temporary blip that will recede once the production bottlenecks caused by the pandemic resolve. Hawks think a plummeting dollar is here to stay, pointing to the massive increase in the money supply since 2020. We’re in the middle of the hottest economic controversy since the battle over the causes of the 2008 financial crisis.

08/29/21

VA offering mortgage relief to thousands of veterans at risk of foreclosure WJHL

VA offering mortgage relief to thousands of veterans at risk of foreclosure
Thousands of veterans and their families are in danger of losing their homes due to the COVID-19 pandemic. A new government-wide effort could help them keep a roof over their heads.

08/28/21

Why the Fed is about to stop the party on Wall Street (and what it means for you) CNN

Why the Fed is about to stop the party on Wall Street (and what it means for you)
It's basically official at this point: The Federal Reserve will soon wind down its pandemic-era stimulus measures, a process Wall Street nerds call "tapering." But what, exactly, does that mean? And why does it put investors on edge?

08/28/21

Conspiracy? Maybe Not! Clouded Titles Blog

Conspiracy? Maybe Not!
WILL THE MORATORIUMS EVER END? Of course they will … the U.S. Supreme Court just ruled (6-3) against the Biden Administration’s revised version of the CDC-imposed moratorium. You knew it would happen at some point.

08/27/21

The Promise: Examinations of Initial Foreclosure Claims Living Lies

The Promise: Examinations of Initial Foreclosure Claims
The current foreclosure marketplace consists almost entirely of “next claimants” without successors. the task of the legal practitioner or pro se homeowner is to attack the facial validity

08/27/21

Waters Statement on Supreme Court Decision to End CDC Eviction Moratorium Fountain City News

Waters Statement on Supreme Court Decision to End CDC Eviction Moratorium
WASHINGTON, D.C. - Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, issued the following statement following a 6-3 Supreme Court decision that ended the Centers for Disease Control and Prevention (CDC) eviction moratorium.

08/27/21

Foreclosure rates for all 50 states in July MSN

Foreclosure rates for all 50 states in July
Foreclosure rates in July 2021 The number of U.S. properties with foreclosure filings in July was 12,483, according to ATTOM Data Solutions. This is up roughly 40% from July last year,

08/26/21

Supreme Court throws out Biden administration eviction moratorium CNN

Supreme Court throws out Biden administration eviction moratorium
The Supreme Court on Thursday blocked the Biden administration's Covid-related eviction moratorium. "Congress was on notice that a further extension would almost surely require new legislation, yet it failed to act

08/26/21

Other relevant issues Clouded Titles Blog

Other relevant issues
If you look at the bottom of the Clouded Titles Blog page, you’ll notice at the end of the script at the very bottom, it says “… and other relevant issues.” There was a reason for adding this phrase because from time to time, consumers can (and are being) affected by more than just foreclosure.

08/26/21

The SEC Is Allowing 5-Count Felon JPMorgan Chase to Trade Its Own Bank Stock in its Own Dark Pools Wall Street On Parade

The SEC Is Allowing 5-Count Felon JPMorgan Chase to Trade Its Own Bank Stock in its Own Dark Pools
JPMorgan Chase is unique among the mega banks on Wall Street – and not in a good way. It owns the largest federally-insured bank in the United States despite a rap sheet that would make the Gambino crime family jealous.

08/25/21

Hearsay Rule Defined Living Lies

Hearsay Rule Defined
The hearsay rule and exceptions to it are deceptively simple. It is the application of the rule and exceptions that are complicated.

08/25/21

Adverse Possession is NOT an option Living Lies

Adverse Possession is NOT an option
Stop talking about it. It is a distraction from the real facts — that the claimant has no claim and may not even exist. Don’t pay any money to anyone who promises a quick fix to your foreclosure problem. It can only be successful if

08/25/21

The Secret Bias Hidden in Mortgage-Approval Algorithms TheMarkup

The Secret Bias Hidden in Mortgage-Approval Algorithms
Nationally, loan applicants of color were 40%–80% more likely to be denied than their White counterparts In certain metro areas, the disparity was greater than 250% Even accounting for factors lenders said would explain disparities, people of color are denied mortgages at significantly higher rates than White people

08/24/21

Federal Judge Dismisses Investor Lawsuit Against Housing Agency WBUR

Federal Judge Dismisses Investor Lawsuit Against Housing Agency
A federal judge in Seattle on Tuesday dismissed a lawsuit brought by an investment firm against the Washington state housing commission, in a case that’s been widely watched by housing officials in Massachusetts and around the country.

08/24/21

$1, $10, other valuable consideration — what was the other valuable consideration? Living Lies

$1, $10, other valuable consideration — what was the other valuable consideration?
The musical chairs element of parties and instruments is designed to confuse homeowners and lawyers and suppress challenges. It is part of the Wall Street playbook becasue it works without challenge.

08/23/21

Three of the Fed’s Wall Street Bailout Programs Vanish from Its Monthly Reports to Congress Wall Street On Parade

Three of the Fed’s Wall Street Bailout Programs Vanish from Its Monthly Reports to Congress
Federal Reserve Chairman Jerome Powell and Fed Vice Chairman for Supervision, Randal Quarles, would desperately like to make three of the Fed’s emergency bailout programs to Wall Street disappear from further scrutiny by Congress or the American people.

08/23/21

SECURITIZATION IS THE OPIOID OF WALL STREET. It will eventually bring destruction Living Lies

SECURITIZATION IS THE OPIOID OF WALL STREET. It will eventually bring destruction
There are only two times the transaction with homeowners is characterized as a loan. First when the homeowner signed the documents, thinking it was a loan. Second when the players come back to the table with false claims for enforcement

08/23/21

ADVANCES, explained Clouded Titles Blog

ADVANCES, explained
THE VALUE OF THE LAND RECORDS Most homeowners that retain counsel to look into matters involving foreclosure only scrape the tip of the iceberg when it comes to dealing with REMIC trusts. A REMIC (Real Estate Mortgage Investment Conduit) is a common law trust set up

08/20/21

QUESTIONS WE SHOULD BE ASKING Clouded Titles Blog

QUESTIONS WE SHOULD BE ASKING
THE VALUE OF THE LAND RECORDS Many homeowners who really understand what’s in the county land records (previously discussed in other articles on this blog) “get” the fact that checking these records often is like checking your credit history often by ordering credit reports and looking to see what’s posted there in the trade line items. This author has put together a book on the subject (The Credit Restoration Primer), which goes into detail about how to request and analyze the information contained within your credit report,

08/20/21

Investing in Ocwen Financial is Like Buying a Share in the Titanic Living Lies

Investing in Ocwen Financial is Like Buying a Share in the Titanic
The product being sold by OCWEN FINANCIAL SERVICES is its common stock — and probably its integrity

08/18/21

Is HUD and FHFA’s new agreement a game changer? Housing Wire

Is HUD and FHFA’s new agreement a game changer?
Memo of understanding formalizes coordination of existing and potential investigations

08/18/21

The Ethical Challenge to the Legal Profession in the Era of “Securitization” Living Lies

The Ethical Challenge to the Legal Profession in the Era of “Securitization”
Securitization, by definition, means the acquisition of an asset through payment for a security (e.g. “certificate”). If that event has not occurred, then there is no securitization.

08/18/21

FHFA proposes ambitious housing goals for GSEs Housing Wire

FHFA proposes ambitious housing goals for GSEs
Proposed housing goals would require Fannie and Freddie to increase mortgage purchases in minority and low-income communities

08/17/21

The Constitutional Problem: Wall Street Fundamentally Altered the “Lending” Transaction from Legal to Illegal Living Lies

The Constitutional Problem: Wall Street Fundamentally Altered the “Lending” Transaction from Legal to Illegal
The bottom line of a successful defense to Foreclosure Defense is that those who are successful understand that Wall Street changed the conventional home loan equation from legal to illegal. This is not a technical point.

08/16/21

Loans Were NOT Securitized. If you admit they were securitized you are admitting the claim for foreclosure. Living Lies

Loans Were NOT Securitized. If you admit they were securitized you are admitting the claim for foreclosure.
It is not correct to say that anything was securitized. Issuing securities does not mean the securitization of an asset occurred. The purchase of an option is not securitization of an asset even though the option is a new “security.”

08/15/21

New York Amends Foreclosure Requirements for Residential Mortgages JD Supra

New York Amends Foreclosure Requirements for Residential Mortgages
New York Governor Andrew Cuomo recently signed into law Senate Bill 5785 (SB 5785), which makes the affirmative allegation provisions that are currently available only for high-cost loans and subprime home loans applicable to foreclosures of residential mortgages covering one to four family dwellings.

08/15/21

Caution is needed in use of AI for lending Pittsburgh Post-Gazette

Caution is needed in use of AI for lending
Artificial intelligence has insinuated its way into our daily lives, whether we are aware. From opening our smartphones with facial recognition, to travel and commuting assistance, to personalizing our feeds on social media, AI is with us from dawn to dusk and beyond.

08/13/21

We need to move on’: Judge rejects delaying Miami eviction of ex-Cuban prisoner MSN-Miami Herald

We need to move on’: Judge rejects delaying Miami eviction of ex-Cuban prisoner
MIAMI — A judge denied a motion Thursday to delay the ouster of former Cuban political prisoner Ana Rodriguez from her Miami home after her lawyer sought an emergency hearing to argue the recently extended eviction moratorium should apply to her case.

08/13/21

Zillow, Other Tech Firms Are in an ‘Arms Race’ To Buy Up American Homes Vice

Zillow, Other Tech Firms Are in an ‘Arms Race’ To Buy Up American Homes
Zillow is doing a $450 million bond deal to get the money it needs. Opendoor went public via a Chamath Palihapitiya-backed SPAC deal to scale as quickly as it can. Even Rocket Homes is getting into the action. The race is on among tech firms to gobble up U.S. housing stock and dominate the increasingly competitive high-tech house-flipping market, otherwise known as the fast-growing “iBuyer” industry.

08/13/21

How Wall Street Changed Lending in Secret Ways Living Lies

How Wall Street Changed Lending in Secret Ways
The inability or unwillingness of the legal profession to admit its ignorance of advanced sophisticated financial innovations has produced an age-old problem. In 400 B.C. Socrates was put to death for revealing it.

08/13/21

Bid rigging scams are possible only because there is no creditor to pay Living Lies

Bid rigging scams are possible only because there is no creditor to pay
Much has been said and written about various scams involving bid-rigging. That’s where the parties involved agree to not bid against each other in exchange for getting title to the foreclosed property at a low price. It’s illegal. It’s a violation of the Sherman Antitrust Act. And if anyone other than an investment bank does it, they are likely to go to jail. But if you are an investment bank and you do it, but not directly in your name, nobody goes to jail. And that, in my opinion, is the problem.

08/12/21

SUPREME COURT OF WASHINGTON Seattle v. Long Scott Stafne

SUPREME COURT OF WASHINGTON Seattle v. Long
-fine for impounding car where homeless man was living violated federal excessive fines clause. Three judges also find violation of Homestead law.

08/12/21

HUD and FHFA join forces on fair housing enforcement Housing Wire

HUD and FHFA join forces on fair housing enforcement
The Department of Housing and Urban Development and the Federal Housing Finance Agency today announced that they will work hand-in-hand to strengthen, coordinate and increase fair housing enforcement of Fannie Mae and Freddie Mac.

08/11/21

CFPB gives mortgage servicers third degree Housing Wire

CFPB gives mortgage servicers third degree
The Consumer Financial Protection Bureau (CFPB) is fulfilling its promise to scrutinize mortgage servicers, and some servicers are riding the forbearance exit wave better than others.

08/11/21

Is a holder the same as a creditor and what is the difference? Living Lies

Is a holder the same as a creditor and what is the difference?
Wall Street banks have weaponized confusion among people in the legal profession that starts in law school. In so doing they have created a virtual creditor when the law requires a real creditor. But they have

08/10/21

Wall Street Has Invented the Concept of a Virtual Loan — Contrary to Law Living Lies

Wall Street Has Invented the Concept of a Virtual Loan — Contrary to Law
The money proceeds from the forced sale of homes is not going to get paid to anyone who owns a loan account receivable. In effect, the courts are proceeding as though reformation has occurred without going through the process of reformation in which both sides

08/09/21

Four reasons why landlords should take advantage of federal rental assistance CFPB

Four reasons why landlords should take advantage of federal rental assistance
If you’re a landlord, you might depend on rental income to cover your own housing costs. This means that if your tenants had trouble paying their rent during the coronavirus pandemic, it could affect your financial well-being too.

08/09/21

3,041 CRIME SCENES Clouded Titles Blog

3,041 CRIME SCENES
Why the foregoing number? That’s how many counties, boroughs and townships there are in America that contain public land records. I recently received a video interview which contains the commentary of John O’Brien (Southern Essex MA Register of Deeds) and Jeff Thigpen (Guilford County NC Register of Deeds), both of whom I know and respect.

08/09/21

Attorney Tom Ice had it right in 2015 in Florida Bar Journal Article Living Lies

Attorney Tom Ice had it right in 2015 in Florida Bar Journal Article
Tom Ice has been a successful litigator for homeowners challenging foreclosures. In 2015 he wrote an article that was published in the Florida Bar Journal detailing exactly what was wrong with the legal analysis in the courts. He pointed out exactly what was happening:

08/06/21

A Congressional Call to Strengthen Foreclosure Protections DS News

A Congressional Call to Strengthen Foreclosure Protections
Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, has issued two letters to federal agencies and banking regulators urging them to strengthen foreclosure and mortgage servicing protections for borrowers to provide greater oversight to prevent unnecessary foreclosures during the pandemic.

08/06/21

Zombie foreclosures are like any other foreclosures: Challenge it in timely fashion and you are likely to be successful Living Lies

Zombie foreclosures are like any other foreclosures: Challenge it in timely fashion and you are likely to be successful
The problem with zombie foreclosures is not what you think, at least not entirely. You probably sum up the problem as the banks need to foreclose so they can’t least write off the debt. They then abandon the properties if

08/06/21

The federal foreclosure moratorium has ended. Here’s what to do to save your home Generocity

The federal foreclosure moratorium has ended. Here’s what to do to save your home
The federal foreclosure moratorium came to an end on July 31. In anticipation of this, the Consumer Financial Protection Bureau established some temporary safeguards to give borrowers time to explore their options — but those don’t take effect until August 31. What happens to borrowers in the 30 days between?

08/06/21

WASHINGTON SUPREME COURT - Singleton Torrens Title Application Scott Stafne

WASHINGTON SUPREME COURT - Singleton Torrens Title Application
Singleton's Reply to Title Examiner's Response to Singleton's motion for discretionary review Scott Stafne

08/05/21

A new CFPB final rule effective August 31, 2021 NCLC

A new CFPB final rule effective August 31, 2021
amends RESPA Regulation X early intervention and loss mitigation requirements, found at 12 C.F.R. §§ 1024.39 and 1024.41. The amendments provide significant new rights to homeowners exiting a mortgage loan forbearance or experiencing a payment hardship related to the COVID-19 pandemic.

08/05/21

Bill Black Pt 9/9 — The Best Way to Rob a Bank is to Own One The Analysis News

Bill Black Pt 9/9 — The Best Way to Rob a Bank is to Own One
The final segment of our series with Bill Black on modern American financial fraud.

08/04/21

How to Stop Foreclosure Moneywise

How to Stop Foreclosure
Here are five effective strategies that could help save your house.

08/04/21

He Who Has the Gold Makes the Rules: Thousands of Foreclosure and Eviction Cases Lacking in Jurisdiction and/or Merit Living Lies

He Who Has the Gold Makes the Rules: Thousands of Foreclosure and Eviction Cases Lacking in Jurisdiction and/or Merit
…homeowners would do well to consider the possibility that they don’t deserve to be dunned in collection or foreclosure because they are only the victims of a perverse scheme

08/03/21

U.S. Banking System Has a $168 Trillion Nightmare Looming. It Was Ignored in Written Testimony for Today’s Senate Banking Hearing Wall Street On Parade

U.S. Banking System Has a $168 Trillion Nightmare Looming. It Was Ignored in Written Testimony for Today’s Senate Banking Hearing
Risky derivative bets made by the mega banks on Wall Street, offloaded onto inadequately capitalized counterparties, were at the core of the collapse of the U.S. financial system in 2008.

08/03/21

Understanding the “Warehouse Lending” Trick Living Lies

Understanding the “Warehouse Lending” Trick
Warehouse lending is a legitimate method of financing. I borrow money from you in order to lend money to Jane Smith. In effect, it is arbitrage of interest rates since the

08/02/21

Latest Information on Homeowner Protections Coming Out of Moratoriums Ending July 31 Living Lies

Latest Information on Homeowner Protections Coming Out of Moratoriums Ending July 31
there is nothing wrong with homeowners winning these cases. Nobody is getting hurt when homeowners win. But everyone gets hurt when the investment banks win using hidden interemdiaries and sham conduits to profit off the misery of homeowners.

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