Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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01/28/21

FHFA’s Foreclosure Prevention and Refinance Activity Report
The Federal Housing Finance Agency (FHFA) released the Federal Property Manager’s 21-page Foreclosure Prevention, Refinance Report for October 2020. The full document details the entire month, but here are some highlights.

01/28/21

DANIEL LEWIS and ROSANNA LEWIS v. US BANK NATIONAL ASSOC., ETC., 19-0942 (Fla. Dist. Ct. App. 2020)
DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT DANIEL LEWIS and ROSANNA LEWIS, Appellants, v. US BANK NATIONAL ASSOCIATION, ET AL., Appellee. No. 4D19-942

01/28/21

The Black Hole at the Heart of the Eviction Crisis
One-third of U.S. counties have no available annual eviction figures. Congress can create a nationwide database to better target relief.

01/27/21

Nothing is or was securitized. No sale of any asset occurred.
The main obstacle to homeowner success in the courtroom is the asymmetry of information causing the homeowner to believe that they were part of a loan transaction instead of merely being compensated for a concealed business plan that was completely reliant on the homeowner’s unknowing cooperation.

01/26/21

Latest Moratorium Extensions Are Two-Edged Sword
The new president is facing incoming fire from all directions. If he does not extend the moratorium on foreclosures and evictions, hundreds of thousands of people are going to be homeless. But the extension does not come without costs.

01/25/21

It Must Be a Loan”: Don’t Pretend You Read and Understand the Documents
“Because corporations and their lawyers know most consumers don’t have the time or wherewithal to study their new terms, which can stretch to 20,000 words — about the length of Shakespeare’s “Julius Caesar” — they stuff them with opaque provisions and lengthy legalistic explanations meant to confuse or obfuscate.

01/25/21

Janet Yellen Confirmed By Senate, Making History As First Female Treasury Secretary
The Senate quickly confirmed Janet Yellen to be Treasury secretary on Monday, days after she won unanimous backing from both Democrats and Republicans on the Senate Finance Committee.

01/21/21

CDC Director Will Extend Federal Eviction Moratorium Until March 31
As Massachusetts experiments with expanded monetary and legal assistance to prevent evictions during the pandemic, the Biden administration is making eviction policy a central part of his early executive actions to address what he described as an "almost unprecedented housing affordability crisis."Centers for Disease Control and Prevention Director Rochelle Walensky announced Wednesday that she will extend the federal eviction moratorium until at least March 31.

01/20/21

A Look at the Potential Foreclosure Wave of 2021
This week, DS5 Inside the Industry featured an interview with Rick Sharga, EVP at RealtyTrac, a foreclosure data company, where he is responsible for developing and executing a strategic marketing plan to optimize growth and drive business development.

01/20/21

Biden extends the national ban on evictions through March 2021
President Joe Biden on Wednesday extended the federal ban on evictions through March 2021 with an executive action in one of his first official acts following inauguration.

01/20/21

Highlights from Janet Yellen’s Confirmation Hearing for Treasury Secretary
The mood among Democrats in Washington was captured at the Senate Finance Committee’s confirmation hearing on Tuesday for former Fed Chair Janet Yellen to become the new Treasury Secretary.

01/20/21

Modifications Are Part of the Big Lie: Don’t send that application for modification if you don’t want to waive important rights.
The application for modification licenses New Rez aka PHH aka Ocwen to sell, distribute the personal data and transaction data to third parties. Besides the obvious problems with data privacy, this confirms the apparent voluntary participation of the homeowner in a securities scheme that was and still is concealed from the homeowner.

01/19/21

Denial is not a Defense: Registrars and Clerks Are Missing the Point and Most of Them Know It
It is the transfer document itself that suggests there was something to transfer. And it suggests that there really is a transferor and transferee because that is what is written on a piece of paper. But there is no transaction that is memorialized. It is all fiction. Nothing was transferred. But that fiction leads to defeat for homeowners unless it is aggressively contested.

01/19/21

Wall Street Fears Gary Gensler Because He Knows Too Much
Last Tuesday, Wall Street was stewing over the Reuters report that President-Elect Joe Biden was likely to name Gary Gensler, the former Chair of the Commodity Futures Trading Commission (CFTC), as the new Chair of the Securities and Exchange Commission (SEC).

01/18/21

Janet Yellen Is Set to Inherit a Helluva Lot of Power, Thanks to Stealthy Changes in the Law
At 10 a.m. tomorrow morning, one day ahead of President-Elect Joe Biden’s inauguration, the Senate Finance Committee will hold the confirmation hearing for Janet Yellen to become the next U.S. Treasury Secretary. In that role,

01/18/21

Banks have failed to produce any evidence that isn’t false and fabricated
If it were true that the claimants and plaintiffs in foreclosures were real, you would have reams of pleading, exhibits, and evidence showing that — and there would be very few defenses left for homeowners.

01/15/21

Another Dubin Victory for Homeowners In Hawaii. How crazy is it that he is under fire?
There are several things in this case that I find astonishing. * First and foremost is the fact that here is another victory by Gary Dubin on behalf of a Hawai’i citizen fighting to defend his home against an unlawful, illegal and fraudulent claim. And yet, the same court granting his appeal is taking him out of the playground as though somehow they are protecting Hawai’i citizens. NUTS!~

01/15/21

Another Dubin Victory for Homeowners In Hawaii. How crazy is it that he is under fire?
There are several things in this case that I find astonishing. * First and foremost is the fact that here is another victory by Gary Dubin on behalf of a Hawai’i citizen fighting to defend his home against an unlawful, illegal and fraudulent claim. And yet, the same court granting his appeal is taking him out of the playground as though somehow they are protecting Hawai’i citizens. NUTS!~

01/15/21

Servicers relent one case at a time: The Great Escrow Balance Game. Getting money just because you asked for it.
Playing with the escrow balance and asking for more money is one of many games the “servicers” play in the Great Securitization game. Relentlessness in challenging (1) the authority of the company pretending to be a servicer and (2) their rendition of the escrow balance

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.

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