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July 15, 2016

New Jersey Courts retroactively applies Fair Foreclosure Act: Upholds Statute of Limitations

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See:http://www.law.com/sites/articles/2016/07/15/unpublished-opinions-for-the-week-of-july-18-20116/?slreturn=20160615173820 15-4- 9718 Anim Inv. Co. v. Shaloub, N.J. Super. Chan. (Jerejian, J.S.C.) (13 pp.) Defendants borrowed $178,000 from Mina Investment Co. in September 1990, executing a mortgage in favor of MERS as nominee for Mina the same day. Defendants defaulted on the mortgage in November 1990. The mortgage was assigned to plaintiff in 1997. …

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Mortgages: Weapons of Middle-Class Mass Destruction

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By the Lending Lies Team http://www.zillow.com/research/foreclosures-and-wealth-inequality-12523/ Losing your home by foreclosure to a bank that used fabricated documents to foreclose is a tragedy that has tainted the American dream for millions of Americans. The process is unjust, unlawful and dehumanizing. But even years after the former homeowner has moved forward with their lives they sustain …

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David Dayen: Eric Holder’s Longtime Excuse for Not Prosecuting Banks Just Crashed and Burned

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Eric Holder’s Longtime Excuse for Not Prosecuting Banks Just Crashed and Burned Eric Holder has long insisted that he tried really hard when he was attorney general to make criminal cases against big banks in the wake of the 2007 financial crisis. His excuse, which he made again just last month, was that Justice Department …

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