Audio-Video Coverage related to the Foreclosure Crisis

The biggest and longest-running unpunished theft in history

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Foreclosure Judgments Void | Matt Weidner Law

Perhaps hundreds of thousands of foreclosures granted across the state of Florida and across the country have been granted when in fact the court file lacks the proper evidence necessary to grant foreclosure.  

The Crisis of Credit Visualized

Shocking ’60 Minutes’ Report Will Shake Wall Street To Its Core!

Who are the victims? Everybody who has an investment in the stock market.

How Insiders Rob Banks and Cause Crises

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Bill explain how banks caused the financial crisis and why it was completely avoidable.

Savings & Loan fiasco and Ameriquest mentioned.

"Remember there is no Fraud exorcist. Once it starts out a fraudulent loan - it can only be sold to the secondary market through more frauds."

Documents in JPMorgan settlement reveal how every large bank in U.S. has committed mortgage fraud.

Law Books

Exposing Massive Home Foreclosure Fraud

Lynn Szymoniak 9/2012

"WE WERE TOLD TO LIE" 

                                                - Bank of America Employee

THE PERFECT CRIME

UPDATE: The Murray family was wrongfully evicted from their home on May 14th by 3 armed deputies and 3 men sent by BoA to insure they were removed.

10 years of illegal foreclosures

Same Story - Same Newscaster

 In foreclosure - even though - they made all their payments on time.

2002-2003:  Mortgage Madness

2013: Man fights to save foreclosing home

Martie Salt: "An Orlando father is worried he could lose his home - even though - he has always made all his payments on time and sometimes has even overpaid." 

He said Wells Fargo offered him a mortgage modification but decided to foreclose on him after he made the payments. The question is: "How can the bank get away with doing something like this?"

DEATH by FORECLOSURE

Actual Good News: Foreclosure Solutions

The most scandalous story about a 62-year-old disabled veteran whose neighbor and friend filed suit this week against Wells Fargo the bank that owned his mortgage for wrongful death. He died in December in a courtroom during a hearing challenging his foreclosure with Wells Fargo. And he never should have been in this court to begin with.

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A nonprofit found a way to keep people in their homes and communities in tact. using a 25 million loan to buy homes from people in default or subject to foreclosure and reselling the homes back to the owners at affordable mortgages. 

The Secret of Oz

Banks should only be allowed to lend out money they actually have and nations do not have to run up a “National Debt”. Remember: It’s not what backs the money, it’s who controls its quantity.

Foreclosure settlement: a nationwide 

Crime Scene

Documented cases of homeowners who are current on their payments being successfully foreclosed on. not just having foreclosure proceedings against them, but people making their payments, paying their mortgage and have their homes taken from them for now no. reason. 

FORECLOSED & RANSACKED

US Banks Operate an Illegal Home Foreclosure System, Unfettered

The Government Ignored You - and You Did Nothing

"Perhaps you learned to do nothing too well."

The Real News interviews Yves Smith

"... a significant number of their clients facing foreclosure has (sic) made every single mortgage payment."

Academics have been writing about this since 1998!

Matt Taibbi on Big Banks’ Lack of Accountability

February 1, 2013
The journalist explains how our government — fearing another economic calamity — lets big banks off the hook for detestable behavior.

FRONTLINE The Untouchables

Commenting on clips from the episode showing former home loan underwriters explaining how they would laugh as they pushed through mortgages that were too expensive for the borrowers, Smith said this type of behavior was "very frequent and common."

2:20 The men and women who duped would be homeowners; who defrauded American investors need to be indentified, prosecuted, convicted and thrown in jail. - Senator Ted Kaufman

Mortgage Crisis in a Nutshell

presented by attorney John Campbell

Oral Argument in Zervas v. Wells Fargo

MUST WATCH!

Judge: "If the trust does not give Wells Fargo the right to litigate….THEN THEY ARE OUT OF COURT"

"I hate to spin into the abyss…but Freemont Investment and Loan is not a legal entity is it?
And quite honestly, I’m not sure an entity with no legal existence can make any kind of assignment."

HOME LOANS FROM HELL

Dual Tracking

Criminals are stealing homes, and not a soul is stopping it.  This is craziness!

It is shameful and inexcusable that after 15 - 20 years, America is still hearing the same stories because judges. lawyers, law enforcement and government are criminally aiding these criminals. 

h/t Mandelman Matters

This stunning visual shows Nevada's Notices of Default filings before and after AB 284 passed.

In October of 2011, the State of Nevada made national news when it passed a law related to foreclosures known as Assembly Bill 284. It was often referred to as Nevada’s “robo-signing law,” because among other things, the law made it a "felony" for loan servicers to sign documents without “personal knowledge” of who owns the note, and it further required lenders to provide an affidavit showing they have the authority to foreclose.

All of his clients still live in their homes

Homeowner stopped paying when her mortgage company went out of business and she didn't know who to pay.

Months later, she got a foreclosure notice from a bank she had never even heard of.

Lawyer who does title searches says he has never seen a Note.

Nobody owns these debts in a way that they are subject to legal enforcement. April Charney

This is not a stall tactic -this is a tactic about winning. It's about stopping the clock altogether.

"Foreclosure Issue is a Cancer" 

The impact of U.S. mortgage foreclosures on banks and the housing market and the outlook for the economy.

Homeowners, Advocates Want 

BANK REPS and LAWYERS
JAILED for FORECLOSURE CRIMES

"Our investigation finds many of those foreclosures didn't have to happen. They were actually done ILLEGALLY. "

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The average homeowner would be indicted. The five major banks - nothing happens. 

And you have to wonder why.

CBS Atlanta 46      

Courts know about the problem, and so does law enforcement; but no one has been held criminally responsible for what some call "the largest fraud ever perpetrated on Americans."
Banks and their lawyers used phony documents to force people out of their homes. The documents were created because banks lost the original documents, and they are swindling homeowners, taxpayers, judges and the banks' government to help them cover it up.

Register John O'Brien's office no longer accepts assignments signed by known Robo-Signors. His staff returns them to the bank with an affidavit asking bank officials to swear to their authenticity. He says - no bank has ever done so.

"These banks acted as a criminal enterprise. They crossed state lines, they recorded fraudulent documents, they committed forgery and they committed mail fraud. They used the United States Postal Service to mail these documents to Registries of Deeds." - John O'Brien Salem County, MA Register of Deeds

FRAUD & WALL STREET BANKSTERS: 

You Probably Don't Even Own the House You Are Paying For

In 2012, when we think Wall Street we think: MF Global theft, JPM criminality, Goldman naked shorting, DTTC failures to deliver, precious metals manipulation, fractional reserve banking, Comex games, HFT trading and endless derivatives. But don't forget about MERS and mortgage fraud - because according to Vermont Trotter, the National Director of 'Protect Americas Dream' it's all tied together in one giant Ponzi scheme. The worst part is, the bank you pay for your mortgage probably does not even hold the title to your home. It's a mess - and we are ALL victims.

BAIN v. MERS

** This is a landmark case where MERS lost. **

Oral arguments: Bain v. Mortgage Electronic Registration Sys, et al and Selkowitz v. Litton Loan Servicing, LP, et al. (May a party be a lawful beneficiary under WA's Deed of Trust Act if it never held the promissory note secured by the deed of trust?)

See Supreme Court Opinion

For Americans emerging from the foreclosure crisis, the firm line that once separated the security of homeownership from the insecurity of homelessness was suddenly blurred. "Back in the 30s, they created public housing to catch people who could become homeless because of the foreclosure crisis. Today, we're in a similar time, people need a safety net but it doesn't exist anymore. 

Treasury told the banks if you convert this into a permanent mod, you will have to waive all the fees. But if you foreclose and pull the rug out from under the homeowner, you actually get to keep all those fees and can cash them in during the foreclosure sale. We have been set up for even more disasters.

Australia’s Sub Prime Mortgage Scandal Grows

Australia’s largest banks are being forced to "forgive mortgage debts" of borrowers granted loans based on falsified or fraudulent information supplied by mortgage brokers.

From the transcript:

KATE THOMPSON: I do not think there was a bank or non-bank lender that wasn’t doing it. I – from my files alone, I am certain I could evidence every single bank.

In 2007, Kate Thompson was WA Mortgage Broker of the Year. Now, she’s facing fraud charges.

These people are losing their homes and there is nothing I can do except tell it like it is. 

These large banks have stolen money from every single human on the planet. Not one person was left out. Not even YOU! Now that it is exposed there is no going back. We will ALL support the “NO MORE BAILOUT” mantra…

Mandelman Matters PodCast

Catherine Austin Fitts: 

If you have never heard what Catherine has to say about our current crisis… well, you’d be insane not to take advantage of this opportunity. Because as she’ll explain, it wasn’t an accident, it’s been in the cards, as they say for so long I’m not even going to tell you how long, except to say that it has something to do with Iran-Contra.
And she’ll explain what the War on Drugs has to do with mortgages too.   This is an opportunity you do not want to miss under any circumstances.

Catherine Austin Fitts : 

Deliberate Implosion of the U.S. Economy

Fitts explains how every dollar of debt issued to service every war, building project, and government program since the American Revolution up to around 2 years ago -- around $12 trillion -- has been doubled again in just the last 18 months alone with the bank bailouts. "We're literally witnessing the leveraged buyout of a country and that's why I call it a financial coup d'état, and that's what the bailout is for," states Fitts.
READ ENTIRE ARTICLE http://www.infowars.com/catherine-austin-fitts-the-looting-of-america/

Former Assistant Secretary of Housing under George H.W. Bush Catherine Austin Fitts blows the whistle on how the financial terrorists have deliberately imploded the US economy and transferred gargantuan amounts of wealth offshore as a means of sacrificing the American middle class. Fitts documents how trillions of dollars went missing from government coffers in the 90's and how she was personally targeted for exposing the fraud.

June 22, 2012

Matt Taibbi and Yves Smith discuss the folly and corruption of both banks and government.

MATT TAIBBI: There's vast criminality in Wall Street now. It's bribery, theft, fraud, bid rigging, price fixing, gambling, loan sharking. All of these things, it's all organized.

YVES SMITH: If you really believe that CEOs of businesses that are really fundamental to the economy are corrupt, you have to think of a very serious restructuring of the business and financial system.

Last week Manhattan DA Cy Vance filed charges against Abacus Bank and 19 former employees for committing mortgage fraud. Does this mean more prosecutions of other banks for crimes committed prior to the housing crisis? Probably not, according to Bill Black, former regulator and current professor at University of Missouri-Kansas City. Bill tells Bloomberg Law's Lee Pacchia that there is a profound lack of resources in state and federal government to investigate and prosecute banks and employees for mortgage fraud despite substantial evidence of criminal activity. Bill also claims that Treasury Secretary Timothy Geithner has discouraged regulators and prosecutors from pursuing large banks for malfeasance and fraud.

With the help of attorney Omar Arcia, she won her case. The lender decided to stop all legal proceedings against her because the documents were deemed fraudulent . Castro now owes nothing.

“The moment that we brought that information to light and we brought it to the judge, the parties resolved the case and in that particular case the bank agreed to forgive her entire mortgage debt,” Arcia said.

The attorney stressed the importance of investigating.

Episode One

Inside the epic rise of a new financial order -- and the trouble that followed.

Episode Two
How U.S. leaders struggled to respond to a financial crisis that caught them by surprise.

BLUEPRINT FOR 

ACCOUNTABILITY

The Wall Street-Washington Connection

The Wall Street-Washington Connection from Culture Project and Lannan Center on FORA.tv

From Georgetown University

Accountability is critical to democracy. At a time when grave challenges threaten American democracy, Culture Project presents “Blueprint for Accountability,” a series that asks “How can we empower ourselves to hold our leaders–in government, education and corporate institutions–accountable for the events of the past and the conditions of the future?”

With Eliot Spitzer, Matt Taibbi, Ron Suskind, Van Jones, Heather McGhee, Jesse LaGreca

In a stunning move that has civil libertarians stuttering with disbelief, the U.S. Senate has just passed a bill that effectively ends the Bill of Rights in America.

This bill, passed late last night in a 93-7 vote, declares the entire USA to be a "battleground" upon which U.S. military forces can operate with impunity, overriding Posse Comitatus and granting the military the unchecked power to arrest, detain, interrogate and even assassinate U.S. citizens with impunity.

This is most certainly not your average bank mortgage fraud story... this is my shocking true story of malicious victimization at the hands of IndyMac/West One Bank & counsel, their blatant fraud, and the complicity of the courts.

HUGE Oakland County Win Against Fannie and Freddie
In "First Of Its Kind" Lawsuit

Oakland County is celebrating a major win over mortgage giants Fannie Mae and Freddie Mac.

The county said U.S. District Court Judge Victoria Roberts ruled in favor of the county on Friday, saying the lenders were not exempt from the real estate transfer tax.

“They’ve cheated,” Meisner told Action News on Saturday. “It’s cost us Billions of dollars, and this is about taking one step toward recovering that and fighting back against the foreclosure crisis.”

Standing up to Banks

Putting who owns what back in order.

"If these documents are certified by my office and used in court proceedings; if they are not right - it is fraud upon the court." - County Registrar Jeff Thigpen

Gretchen Morgenson: Wall Street Really Does Enjoy A Different Set of Rules Than The Rest of Us

Gretchen describes the Government-Sponsored Enterprise (GSE) business model and it's adverse impact on the global economy.

Bank of America’s phony mortgages are as fraudulent as fake Prada purses —

 and they get away with it

VIDEO TEACH IN | 100 FACTS ABOUT SECURITIZATION

WITH LYNN SZYMONIAK AND LISA EPSTEIN

Attorney General Kamala D. Harris Announces 

Homeowner Bill of Rights

The legislation is designed to protect homeowners from unfair practices by banks and mortgage companies and to help consumers and communities cope with the state's urgent mortgage and foreclosure crisis.

Joined by Senate President pro Tem Darrell Steinberg and Assembly Speaker John A. Pérez, Attorney General Harris announced her sponsorship of six bills designed to guarantee: 

- Basic standards of fairness in the mortgage process, including an end to dual-track foreclosures 
- Transparency in the mortgage process, including a single point of contact for homeowners 
- Community tools to prevent blight after banks foreclose upon homes 
- Tenant protections after foreclosures 
- Enhanced law enforcement to defend homeowner rights - paid for by fees imposed on banks 
- A special grand jury to investigate financial and foreclosure crime 

"We don't want to be a warehouse of stolen property."- NC County Register Jeff Thigpen

North Carolina County Register Jeff Thigpen discusses the false documents filed in his county.

from HARRY's LAW

A small clip from an episode of Harry's Law. A women who lost her house due to the mortgage crisis, and her bank screwing her over with refusing to work something out, and makes a statement by robbing her bank.

The LIES of 2008

This Video describes how the public reacted to evictions during the 1930's... 

HOUSE OF PAIN

AG Coakley "also accuses these banks of forging documents and basically STEALING HOMES by virtue of their inability to legally prove the right to FORECLOSE by virtue of the documents that indicate their ownership . It has actually become impossible in the current system to answer that question."

BOMBSHELL: A Tale of Two Attorney Generals…. California and Florida

One Fights For Consumers - One Fights For Banks

from attorney Matt Weidner

After AG Bondi took office, foreclosures in foreclosure ravaged Florida jumped 150%!

Occupy LA Teach In with Professor William K Black

Nevada's Catherine Cortez Masto
(the epitome of a state Attorney General)

Once Nevada made it a crime (a felony) to file improper paperwork with the courts,

 subject to 10 years in jail and fines of $10,000 per violation...
Foreclosures stopped

Attorney Tom Cox testifies about the robo-signing scandal; GMAC's attempts to cover it up 

and tried to sanction Mr. Cox for sharing his findings in the Jeffrey Stephan deposition.

ROAD TO RUIN: Mortgage Fraud Scandal Brewing

Criminal fraud may be the most underreported aspect of our current financial crisis. In this "Road to Ruin" report, former subprime lenders from Ameriquest, once the country's largest lender, describe a system rife with fraud. They describe how a "by-any-means-necessary" policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.

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