PennyMac appears to be a vehicle of “cleaning” fatal title deficiencies to the debt, note and/or mortgage on loans. It operates on behalf of CitiMortgage and multiple other entities on loans where the selection of a claimant is essentially random. The basic playbook of the banks is to insert a real business entity with no …
Fraud for the first time in history has been institutionalized into law. It is foolishness to believe that the banking industry is trustworthy and that they have the right to claim legal presumptions that their fabricated documents, and the forged documents are valid, leaving consumers, borrowers and in particular, homeowners to formulate a defense where …
Royal Bank of Scotland Trained Employees on How to Forge Signatures Read More »
This 2016 Illinois case corroborates exactly what I have been saying for 11 years. Sleight of hand accounted for the 1st Mortgage that was payable to Lehman Brothers who funded every loan with advances from Investors who then owned the debt. The investors were cut out of the chain of paper and the chain of …
It is NOT enough to ALLEGE standing. They must PROVE it. Judges across the country are making mistakes with this simple concept. Standing to SUE is presumed if you allege (in words or by incorporation of exhibits) that you have it. Possession of the “original note” can be alleged but at trial the foreclosing party …
PROOF OF STANDING REQUIRED: SEFFAR v. RESIDENTIAL CREDIT SOLUTIONS INC Read More »
Millions of consumers lost their homes when the housing market bubble burst. But federal regulators say some of those people may have been able to stay in their homes had mortgage lenders fulfilled their requirements. To that end, the Consumer Financial Protection Bureau has ordered two Citigroup subsidiaries to pay $28.8 million to resolve allegations that …
CitiFinancial, CitiMortgage To Pay $28.8M Over Mortgage Servicing Issues Read More »
By Ben Lane at Housingwire Citigroup continues moving away from mortgages as originations plummet Nearly finished with exit from mortgage servicing Citigroup first-quarter earnings show that the bank is continuing to move further and further away from mortgages and into other lines of business (The bigger question is why is Citi moving away from originating and …
Citi continues moving away from mortgages as originations plummet Read More »
by the Lending Lies Team CitiGroup’s attempts to act Ethically are a Smoke-Screen for its Fraud Spree. In last Saturday’s edition of the Wall Street Journal an article entitled, “The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul”. I didn’t projectile vomit but my gag reflex was activated. Citigroup’s latest attempt to schmooze regulators and the general …
Citi's attempts to act ethically are a smoke-screen to hide Fraud Read More »
“In order to establish its entitlement to enforce the lost note, PennyMac could establish standing “through evidence of a valid assignment, proof of purchase of the debt, or evidence of an effective transfer.” BAC Funding Consortium, 28 So. 3d at 939. PennyMac’s filings in support of its motion for summary judgment did not present evidence …
2d Florida DCA Knocks Down CitiMortgage – PennyMac Dance Read More »
Hat tip to StopForeclosureFraud.com See: http://stopforeclosurefraud.com/2017/02/16/houk-v-pennymac-corp-fl-2dca-pennymac-failed-to-meet-its-burden-of-showing-the-nonexistence-of-a-genuine-issue-of-material-fact-regarding-its-entitlement-to-enforce-the-lost-note/ LANE A. HOUK, Appellant, v. PENNYMAC CORP., substituted as party plaintiff for CitiMortgage, Inc.; SHANNON HOUK; BELLE MEADE OWNERS ASSOCIATION, INC., and MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., Appellees. Case No. 2D15-2583.District Court of Appeal of Florida, Second District.Opinion filed February 10, 2017.Appeal from the Circuit Court for Lee County; …
Editor’s Note: CitiMortgage is the 6th largest loan servicer in the United States. Citi is now exiting the lucrative industry of mortgage servicing and foreclosing on loans it doesn’t own. Citi was fined $28.8 million dollars last week for servicing improprieties. By selling the servicing rights to these loans, CitiMortgage creates another layer of confusion …
Here's how and why CitiMortgage is leaving mortgage servicing Read More »
http://dfw.cbslocal.com/2016/10/28/couple-loses-home-to-bank-they-thought-was-helping-them/ Editor’s Note: At Livinglies we have noticed a pattern of CitiMortgage deliberately providing inaccurate and conflicting information to homeowners to ensure a foreclosure will occur. The story below is representative of the typical CitiMortgage modification or attempt to stave off foreclosure that results in foreclosure. GRAPEVINE (CBS11) – Elizabeth and David Ball have …
CitiMortgage Engineers another Default by providing Inaccurate Information Read More »
Achieving standing via merger also requires that the surviving entity prove that it “acquired all of [the absorbed entity’s] assets, including [the] note and mortgage, by virtue of the merger.”Fiorito v. JP Morgan Chase Bank, Nat’l Ass’n, 174 So. 3d 519, 521 (Fla. 4th DCA 2015). see http://4closurefraud.org/2016/06/07/fl-4th-dca-segall-v-wachovia-bank-na-reversed-wachovia-failed-to-prove-standing-to-foreclose/ Finally the courts are turning back to …
the “mistakes” of “lenders” are neither mistakes nor are the parties seeking foreclosures “lenders” or “servicers.” ================================ THE FOLLOWING ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. —————- For a description of our services click here: https://livinglies.me/2016/04/11/what-can-you-do-for-me-an-overview-of-services-offered-by-neil-garfield/ =========================== see http://helenair.com/news/state-and-regional/montana-high-court-upholds-award-over-mortgage-foreclosure/article_29fd6721-27a7-59f1-b3d3-6b5da1077d1d.html In yet another case of …
Unanimous Montana High Court Affirms $426,000 Damages Against Bayview Read More »
Why are modifications being undermined when they would so obviously preserve the value of the “loan?” The answer is because the real party in interest in the foreclosures is the servicer, not the trust, which doesn’t own the loan anyway, nor even the investor/beneficiaries, who reap very little out of the proceeds of foreclosure. The …
SIGTARP HAMP FINDINGS: SERVICERS REVOKING COMPLIANT HAMP PLANS Read More »
NOTE: THE FOLLOWING IS A LEGAL ANALYSIS THAT MAY OR MAY NOT APPLY TO CASES ON WHICH YOU ARE WORKING. IT IS REALLY MEANT FOR ATTORNEYS WHO ARE REPRESENTING PARTIES IN FORECLOSURE LITIGATION. No lay person should assume that anything in this article is true or applies to their case. Nobody should use this information …
US Bank, BofA, LaSalle Bank and Other Trustees Slammed the Door on Their Own Toes Read More »
Reported figures on the financial statements of the “13 banks” that Simon Johnson talks about, make it clear that around 96% of all loans originated between 1999 and 2009 are subject to claims of securitization because that is what the investment banks told the investors who advanced money for the purchase of what turned out …
New Bank Strategy: There was no securitization — IRS AMNESTY FOR REMICs Read More »
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Arizona Supreme Court Hogan Case Holds that Note is Not required to Start Foreclosure Read More »
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 …
Pandemic Lying Admission: Deutsch Bank Up and Down the Fake Securitization Chain Read More »
NOW AVAILABLE ON AMAZON KINDLE “The real party in interest in relief from stay is whoever is entitled to enforce the obligation sought to be enforced. Even if a servicer or agent has authority to bring the motion on behalf of the holder, it is the holder, rather than the servicer, which must be …
