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June 10, 2016

Bank of America Attorney: "Government should stop looking for Fraud where it doesn’t Exist"

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By William Hudson http://www.wsj.com/articles/appeals-court-throws-out-1-27-billion-penalty-against-bank-of-america-1464018896   The big banks have demonstrated to the world that they own everything including the courts, law enforcement and government officials. They have demonstrated this fact by rigging currency and economies, obtaining bailouts when they had no losses, foreclosing on loans they can’t prove they own, playing both sides of the …

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Renewing the Statute of Limitations Accidentally: Modifications and Payments

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It seems apparent to me that the banks are sidestepping the statute of limitations issue by getting homeowners to renew payments after the statute has run. Given the confusion in Florida courts it is difficult to determine with certainty how the statute will be applied. But the execution of a modification agreement would, in my …

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David Dayen,"Housing crisis has led to breakdown of the Social Order"

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  http://www.marketwatch.com/story/housing-crisis-has-led-to-breakdown-of-the-social-order-author-says-2016-06-08?link=sfmw_tw By Andrea Riquier Imagine the immense stack of papers that accompanies a home purchase closing. Excited home buyers sign, sign, and sign some more. They sign even more now since the 2015 introduction of new regulations required by Dodd-Frank known as “know before you owe,” or TRID. But does anyone actually read the …

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