Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
09/30/22	Your Rights When Paying Your Mortgage	FTC	Your Rights When Paying Your Mortgage Dealing with your mortgage can feel confusing and frustrating. But you have rights when it comes to making your payments and how your servicer manages your account. Learn your rights concerning how your loan servicer manages your mortgage loan account.
09/29/22	The coming collapse of the housing market and the intersection with securities and foreclosures	Living Lies	The coming collapse of the housing market and the intersection with securities and foreclosures This is a republication of an article I wrote nearly 2 years ago. The current downturn in housing prices is just the tip of the iceberg. Both home prices and rentals have been far above viable standards — i.e., any level that most people can afford.
09/29/22	New Hampshire foreclosure rate remains stable, among lowest in nationSurvey	Laconia Daily Sun	New Hampshire foreclosure rate remains stable, among lowest in nation The rate of residential mortgage foreclosures in New Hampshire is stable, remaining among the lowest in the nation, according to a new report. While Illinois had the country’s highest foreclosure rate, New Hampshire ranked 38th, according to the August 2022 U.S. Foreclosure Market Report prepared by ATTOM, a curator of real estate data nationwide for land and property data.
09/29/22	HUD and Census Bureau Release New American Housing Survey	HUD	HUD and Census Bureau Release New American Housing Survey WASHINGTON - In general, 2020 and 2021 were good for homeowners but presented challenges for many renters. That’s according to the new 2021 American Housing Survey released today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.
09/28/22	Crisis mounts as homeowners fail to secure representation in foreclosures	Living Lies	Crisis mounts as homeowners fail to secure representation in foreclosures I know the problem with getting representation. I consider it to be a crisis. I’m thinking about the problem. If there is a solution, maybe I’ll find it. The opposition has developed scripts that enable even the most junior lawyer to seem like he/she is unstoppable. This intimidates most lawyers. I could develop a similar script for lawyers who want to take the case but getting them to accept instruction is very challenging — it is like herding cats.
09/28/22	HUD Offers Assistance to Victims of Hurricane Fiona	DSNews	HUD Offers Assistance to Victims of Hurricane Fiona The U.S. Department of Housing and Urban Development (HUD) has begun federal disaster assistance, including a new package of waivers offering regulatory and administrative relief to areas of Puerto Rico impacted by Hurricane Fiona, beginning on September 17, 2022, and continuing. As Puerto Rico endures another disastrous hurricane,
09/27/22	Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by Hurricane Ian	Fannie Mae	Fannie Mae Reminds Homeowners, Renters, and Mortgage Servicers of Disaster Relief Options for Those Affected by Hurricane Ian WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) is reminding homeowners and renters that have been or may be impacted by a natural disaster, including those affected by Hurricane Ian in Florida and other southeastern states, of available mortgage assistance and disaster relief options. Under Fannie Mae’s guidelines for single-family mortgages impacted by a natural disaster:
09/27/22	Black Knight is Manipulating the News About Foreclosures: New Foreclosure filings are up and spiking in most areas of U.S.	Living Lies	Black Knight is Manipulating the News About Foreclosures: New Foreclosure filings are up and spiking in most areas of U.S. If you look at local and regional media outlets, you will see one very consistent message: new foreclosure filings are increasing. The measures differ depending upon geography, but the national trend, which has been apparent for months, is that the increase, year over year, is somewhere around twice what it was in 2021 and is nearing 2008 levels in many communities. But if you look at press releases from Black Knight you will see that reported increases in delinquencies and foreclosures are at their lowest point in years.
09/26/22	How to Counterattack MERS-based documents.	Living Lies	How to Counterattack MERS-based documents. In no case has any successor to MERS ever been alleged or proven. Unless some third party acquired both the originator and the underlying obligation from the defunct originator (which never happens), no party can direct MERS.
09/26/22	How Consumers Can Reveal the Scam Without Spending Thousands in Attorney Fees	Living Lies	How Consumers Can Reveal the Scam Without Spending Thousands in Attorney Fees It occurs to me that most homeowners and most consumers who think they are installment payment contracts could send the following example of a letter I recently proposed to a client. If many homeowners and other consumers of financial products did this, it would raise the level of awareness in government and might even produce some interesting results.
09/26/22	The curious MERS cases of originators “out of business” or “bankrupt”	Living Lies	The curious MERS cases of originators “out of business” or “bankrupt” Bill Paatalo and I have both commented on this case before. But there is far more to say. In order to absorb the significance of a ruling like this, the reader must be in a quiet place and be prepared to read this a few times. There is no simple way to explain it, but once mastered, it is fatal to many, if not most, attempts to invoke foreclosure procedures across the country.
09/26/22	Taking Apart the Big Lie — See “My Cousin Vinnie”	Living Lies	Taking Apart the Big Lie — See “My Cousin Vinnie” If you ever saw the movie “My Cousin Vinnie,” you saw his description of how you build a case against someone or a defense against the claim. It is like brickwork. While some lawyers (myself included) have occasionally been successful at getting rid of a case in one fell swell early swoop, it is rare. Each element you described needs to be supported by affidavits and authenticated copies of documents that make your statement of facts likely to be true or even better, impossible to deny.
09/25/22	Nowhere to Hide: The Fed-Induced Bubble in Stocks and Bonds Is Blowing Up; Even the Typical Safe Havens of Gold and T-Notes Are Losing Money	Wall Street On Parade	Nowhere to Hide: The Fed-Induced Bubble in Stocks and Bonds Is Blowing Up; Even the Typical Safe Havens of Gold and T-Notes Are Losing Money The corrupt political backdrop for today’s unprecedented market quagmire feels like a hyperbolic trailer for a low-budget sci-fi thriller: The former president of the only remaining superpower in the world has been charged with “staggering” frauds against banks – the ones he just deregulated as president.
09/23/22	The Importance of Citizen Activism	The American Prospect	The Importance of Citizen Activism Today on TAP: Foreclosure activist-turned-journalist Lisa Epstein’s work leads to another victory over a predatory company. When I wrote my book Chain of Title in 2016, one of the main subjects was Lisa Epstein, an oncology nurse who fell victim to foreclosure fraud during the collapse of the housing bubble. She fought back in her case, grew obsessed with the shocking machinations of the big banks, quit her nursing job, and became an activist, helping other foreclosure victims and using a blog to detail the extent of foreclosure fraud. In 2010, she was instrumental in helping shut down the entire foreclosure system temporarily.
09/23/22	Here is the magic bullet: It is the one thing that the foreclosure mill doesn’t have — proof of title	Living Lies	Here is the magic bullet: It is the one thing that the foreclosure mill doesn’t have — proof of title “Title” means that legally the person possessing title has the right to treat the subject property as his/her/their own and to use such property in any legal manner. In thumbing through the latest edition of Florida Secretary and perusing the approved forms for use in law practice, it is obvious that one thing is very clear. There is no approved form for the conveyance of a nonexistent asset or an asset that is not owned by the person who claims to be the grantor.
09/22/22	For those “refinancing” transctions, homeowners might literally, morally and legally owe nothing.	Living Lies	For those “refinancing” transctions, homeowners might literally, morally and legally owe nothing. the lawyer representing you might consider forcing the issue and asking whether the claimant is asserting HDC status. Or the lawyer might assert to the judge that the presumptions the lawyer from the foreclosure mill wants the court to use in considering the arguments of the case are the equivalent of treating the claimant as having HDC status. (And if not, why not?)
09/21/22	“Refinancing” Usually Means “No Financing” (except for money paid to homeowner)	Living Lies	“Refinancing” Usually Means “No Financing” (except for money paid to homeowner) The general point of law here is that no amount of paperwork will make a transaction real if there was no money paid. And no amount of arguing to the contrary is legally recognizable or acceptable — unless one simply presumes the transaction was real regardless of whether it happened or not.
09/20/22	Goldman Sachs and Morgan Stanley Have Mysteriously Disappeared from this Week’s Senate and House Banking Hearings	Wall Street On Parade	Goldman Sachs and Morgan Stanley Have Mysteriously Disappeared from this Week’s Senate and House Banking Hearings There are eight Global Systemically Important Banks (G-SIBS) in the U.S. They are: JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs, Bank of New York Mellon, Morgan Stanley, State Street and Wells Fargo. These are the banks that pose the greatest risk to the stability of the U.S. financial system and are monitored under the Federal Reserve’s stress tests.
09/19/22	How to Pitch a Prospective Lawyer to Defend Foreclosure Claims	Living Lies	How to Pitch a Prospective Lawyer to Defend Foreclosure Claims What I have told clients of mine is that when seeking a lawyer who will play ball with us, you should see what pushes their buttons. Still, the main message is that “we know a guy who has won cases all over the country in which Judges ruled that the named claimant never owned any loan account due from the homeowner despite the presence of fabricated documents.”
09/19/22	Is breaking a promise to pay money a sin against an individual or society at large?	Living Lies	Is breaking a promise to pay money a sin against an individual or society at large? The homeowner has committed no sin. If a scheduled payment has been missed, nobody loses any money. And the homeowners who are making the scheduled payments are contributing to the revenue and profits of entities who have obtained the signature, reputation, and property of the homeowners under false pretenses.
09/17/22	Foreclosures are up 187% from a year prior. But it doesn’t mean what you might think.	MarketWatch	Foreclosures are up 187% from a year prior. But it doesn’t mean what you might think. Foreclosure starts — which is when the first public foreclosure notice happens — have reached pre-pandemic levels nationwide, with lenders starting the foreclosure process on 23,952 US properties in August 2022, up 12% from the month prior and up 187% from a year ago according to data from ATTOM, a real estate data company. (You can find the lowest mortgage rates you may get here.) But why are foreclosure rates so much higher right now than they were a year ago?
09/16/22	When the foreclosure mill refiles (after losing or being dismissed) and the Use of an Limited Power of Attorney (LPOA)	Living Lies	When the foreclosure mill refiles (after losing or being dismissed) and the Use of an Limited Power of Attorney (LPOA) Many of the cases are technically “won” by homeowners who successfully point out that at the time the foreclosure commenced, the named claimant (plaintiff/beneficiary) did not have possession or construction possession of the promissory note and therefore had no legal standing to file suit.
09/16/22	AIG Was Brought Down by Derivatives in 2008. It Just Spun Off a Company Whose Prospectus Mentions Derivatives 371 Times	Wall Street On Parade	AIG Was Brought Down by Derivatives in 2008. It Just Spun Off a Company Whose Prospectus Mentions Derivatives 371 Times Yesterday, mainstream media was touting that the largest Initial Public Offering (IPO) of the year, Corebridge Financial, had just finished its first day of trading. The IPO was priced at $21 and closed at $20.73 (ticker: CRBG), not an illustrious start.
09/15/22	JPMorgan Chase, Morgan Stanley and Wells Fargo Flunk a Test Measuring their Support for American Democracy	Wall Street On Parade	JPMorgan Chase, Morgan Stanley and Wells Fargo Flunk a Test Measuring their Support for American Democracy The nonpartisan watchdog group, Accountable.US, has released the results of an investigation into how committed to democracy the 100 largest corporations in America are. The corporations were graded on support for voting rights, the electoral process, and American democracy. The results were provided in an interactive resource called the American Democracy Scorecard.
09/13/22	Cindy Brown News Alert Breaking the Insidious Silence	Scott Stafne	Cindy Brown News Alert Breaking the Insidious Silence Fresh off a California court victory in the Cindy Brown vs. Bank of New York Mellon case, this report showcases the ongoing crisis of inequalities in access to civil justice facing all Americans regardless of income or race and sets the stage for a long-awaited trial court showdown on March 15, 2022.
09/13/22	Homeowners Call for Shutdown of Nationwide Foreclosure Mill Machine!	Yahoo Finance	Homeowners Call for Shutdown of Nationwide Foreclosure Mill Machine! Tue, September 13, 2022 at 1:09 PM·2 min read APON is urging a full DOJ investigation WASHINGTON, Sept. 13, 2022 /PRNewswire/ -- American Property Owners Network (APON) is calling on all Congressmembers and 2022 political candidates to support shutting down foreclosure mill activity—still occurring on a massive scale across the country despite the national mortgage settlements--pending a full Department of Justice (DOJ) investigation.
09/12/22	Fannie Mae Details Latest Sale of Non-Performing Loans	DSNews	Fannie Mae Details Latest Sale of Non-Performing Loans Fannie Mae has announced its latest sale of non-performing loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio, including the company's twentieth Community Impact Pool (CIP). CIPs are typically smaller pools of loans that are geographically focused and marketed to encourage participation by non-profit organizations, minority- and women-owned businesses (MWOBs), and smaller investors.
09/12/22	If it isn’t a trust, then what is it? The myth of REMIC trusts	Living Lies	If it isn’t a trust, then what is it? The myth of REMIC trusts Understanding the Financial Industry Through Linguistics: How Applied Linguistics Can Prevent Financial Crisis by Richard C. Robinson and John Doukas I recommend the above book. Like the ancient Greek philosophers, I believe in first defining our terms before entering a discussion. I have consistently reported that so-called REMIC Trusts are neither REMICS nor trusts. The question has been posed to me then —“What do we call them.”
09/09/22	HUD Secretary Marcia Fudge on soaring cost of buying and renting homes	PBS	HUD Secretary Marcia Fudge on soaring cost of buying and renting homes Home prices in the U.S. have risen around 20% year-over-year, making homeownership unaffordable for millions of Americans. A historic housing shortage is causing rental rates to spike, too, and experts say it's unlikely prices will drop significantly any time soon. Marcia Fudge, Secretary of the U.S. Department of Housing and Urban Development, joins Geoff Bennett to discuss.
09/09/22	This isn’t Greek. You can understand it.	Living Lies	This isn’t Greek. You can understand it. From Wikipedia, here is a description of some of the activities surrounding the collapse of LTCM (Long-Term Capital Management in 1998:
09/09/22	Foreclosures in Wake County are surging – up 425% from a year ago	WRAL Techwire	Foreclosures in Wake County are surging – up 425% from a year ago RALEIGH – The total number of foreclosure proceedings in Wake County has increased by 425% since last year, according to the latest data from ATTOM Data Solutions. And that’s a return to pre-COVID pandemic levels. Things could be worse.
09/08/22	After Funneling Trillions of Dollars in Repo Loans to Serial Bank Offenders, Lorie Logan Gets a $440,000 Job Running the Dallas Fed	Wall Street On Parade	After Funneling Trillions of Dollars in Repo Loans to Serial Bank Offenders, Lorie Logan Gets a $440,000 Job Running the Dallas Fed Bailing out the Wall Street megabanks that are serially fined and hit with felony counts appears to be catching on as a major career advancement strategy at the New York Fed.
09/08/22	The Fed Appears to Have Violated the Dodd-Frank Act in the Second Quarter of 2020, Giving $455 Billion in Loans to Citigroup	Wall Street On Parade	The Fed Appears to Have Violated the Dodd-Frank Act in the Second Quarter of 2020, Giving $455 Billion in Loans to Citigroup The Fed would appear to have violated both the spirit and the letter of the Dodd-Frank financial reform legislation in the second quarter of 2020, according to new repo loan data released by the New York Fed for the second quarter of 2020. The data shows
09/08/22	Zero percent mortgages hitting Main Street	Fox Business	Zero percent mortgages hitting Main Street Zero down-payment mortgages and similar programs appear to have recently been gaining traction on Main Street.
09/08/22	Nationwide Foreclosure Starts Hit Pre-Pandemic Levels	DSNews	Nationwide Foreclosure Starts Hit Pre-Pandemic Levels ATTOM has released its August 2022 U.S. Foreclosure Market Report, revealing a total of 34,501 U.S. properties with foreclosure filings —default notices, scheduled auctions, or bank repossessions— up 14% from a month ago, and up 118% from a year ago. Key Findings:
09/08/22	What is a REMIC Trust? Do they exist?	Living Lies	What is a REMIC Trust? Do they exist? A REMIC trust is an acronym for Real Estate Mortgage Investment Trust. The problem, as we shall see here in this article, is that no such entity exists in most cases. That, in turn completely undermines claims by the lawyer representing the foreclosure mill,
09/07/22	House of Debt: Missing document could cost Haywood County woman her dream homeMill	WLOS	House of Debt: Missing document could cost Haywood County woman her dream home HAYWOOD COUNTY, N.C. (WLOS) — "I trusted the system, and the system let me down," said homeowner Susan Harris as she detailed the current court battle she's in to save her Haywood County home. She's warning others to check on an important part of your closing paperwork that she's missing.
09/07/22	Challenging the Lawyers for the Foreclosure Mill	Living Lies	Challenging the Lawyers for the Foreclosure Mill Based upon 16 years of research, an investigation by our company, an investigation by third-party forensic analysts, and an investigation by law enforcement and law markets (see 50 state settlement, for example), it is legally, factually, and axiomatically true that lawyers who initiate foreclosure actions are most likely doing so without the benefit of a client who has a legally recognizable interest in the outcome of the litigation or nonjudicial foreclosure.
09/06/22	How mortgage companies can add revenue certainty in uncertain times	Housing Wire	How mortgage companies can add revenue certainty in uncertain times Fast-rising rates. A staggering drop in mortgage applications. Skyrocketing inflationary costs. Falling stocks and layoffs making headlines for mortgage giants across the industry. The entire mortgage market is in flux like few times in history.

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