LOAN MODIFICATION

GROUP TAKES OVER VACANT HOMES FOR THE HOMELESS AND IS GETTING TRACTION

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE SEE PROTESTERS LIBERATE VACANT HOMES FOR THE HOMELESS EDITOR’S COMMENT: every once in a while we see a spark of American ingenuity. Sparked by the housing needs of a soaring group of people who are homeless even if they are employed, the end …

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MAIL FRAUD AND WIRE FRAUD, CHAPTER 18, USC AS A BASIS FOR DAMAGES AGAINST THE BANKS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE ROBO-SIGNING:  MAIL FRAUD AND WIRE FRAUD Lots of people have discussed RICO as a basis for suing on a private right to damages resulting from all the fraudulent acts committed by the entire string of “securitization” participants. The focus of such a lawsuit …

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Housing Remains the Weakest Part of the American Economy

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: While the politicians argue campaign strategies over the debt ceiling, the main index for the economy continues to fall into previously unfathomable depths. It’s obvious that they will talk about anything BUT the housing crisis and the tens of millions of …

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MERS STEPS CLOSER TO ADMITTING PRIOR FORECLOSURES WERE INVALID

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: I’m not as sure as others that this policy bulletin does much for the borrower. Reading it carefully in the light of existing case law, it does not seem to state anything substantive. Since it is remedial in nature, it is …

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AG's Waiving Prosecution of Banks' Foreclosure Fraud, Leaving America in the Dust

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: It’s Monday and so we must be in the twilight zone. The Wall Street Banks have engaged in multiple schemes to corner the market on money and now they are cornering the market on land — all with other people’s money …

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Florida AG Office Produces Blockbuster Presentation on Fraudulent Foreclosures

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE 46278738-Florida-Attorney-General-Fraudclosure-Report-Unfair-Deceptive-and-Unconscionable-Acts-in-Foreclosure-Cases A story of fraud, forgery,  fabrication and maybe crime and punishment… Every lawyer, homeowner, consumer, taxpayer and judge should read and study this. Then they should research each category and satisfy themselves that the situation is even worse than what is presented …

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MERS: 50 Employees Rule the World of Finance and Ruin the Lives of Americans

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: It is really simple. The plan was flawed from the start. I personally have spoken with attorneys who were asked to draft the documents that would create and operate MERS. They raised objections stating that the plan was illegal and quite …

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THE STORY CONTINUES: NO ORIGINAL DOCUMENTS, NO NOTES, NO ENDORSEMENTS — EVEN IN CASES WHERE THE FORECLOSURE WAS APPROVED

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: These documents are considered as “cash equivalent” by auditors and bankers and always have been considered that way. So we must think of the documents as cash. Why would cash go missing? Why would anyone allow them to be lost in …

THE STORY CONTINUES: NO ORIGINAL DOCUMENTS, NO NOTES, NO ENDORSEMENTS — EVEN IN CASES WHERE THE FORECLOSURE WAS APPROVED Read More »

THE ESSENCE OF TILA: BORROWER'S BILL OF RIGHTS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S ANALYSIS: There is a reason why TILA, RESPA and HOEPA were enacted into law. The central theme, as clearly stated in a recent seminar led by lawyers for the banks, is to provide the consumer with a credible and understandable method of …

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BANKS SEEKING IMMUNITY FROM LIABILITY

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: If I was wrong on these pages, if I was the least bit influenced by conspiracy theory proponents, then why are the banks demanding immunity in any settlement with anyone over the mortgages, mortgage practices, foreclosures, and foreclosure practices? And just …

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FED FINES WELLS FARGO FOR FALSIFYING ORIGINAL LOAN DOCUMENTS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE The fact that the homeowner MIGHT still have a balance due on their loan is NOT a reason for awarding money or house to anyone who wants it. — Neil Garfield EDITORIAL ANALYSIS: Why would a “bank” falsify loan origination documents? Why would …

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Detecting Mortgage Securitization Fraud

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE SUBMITTED BY JAY Here is how-to detect mortgage securitization fraud and determine improper mortgage securitization. 1. Loan Modification Denied. Believe it or not when the mortgage lender denies a loan modification this is usually a sign that something else may be wrong with …

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Robo-signing continues without consequences

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE No Punishment = Continued Misconduct Posted on July 19, 2011 by Mark Stopa Esq. http://www.stayinmyhome.com/blog/?p=1565 In Maine, a group of drug dealers was caught distributing drugs to local middle schoolers. They confessed, yet the District Attorney declined to press charges, so the drug …

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BOA'S COUNTRYWIDE GETS BANGED FOR FRAUDULENT FEES AND CLAIMS FOR AMOUNT DUE

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Countrywide’s “was a business model based on deceit and corruption and the harm they caused to American consumers is absolutely massive and extraordinary.” — Jon Leibowitz, chairman of the trade commission “Countrywide gave them incorrect accountings about how much they owed on their …

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BOA Feeling the Heat is Striking Back at Foreclosure Defense Lawyers as Lawsuits are Filed Against Firms Who Represent BOA

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: The battle is heating up. BOA, for example, is stepping up efforts to cause as much trouble as possible for those foreclosure defense lawyers who are getting traction in the courts. This started some time ago as some people were actually …

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FREE HOUSE MYTH DEBUNKED BY PORTER AND LEVITIN

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE The Free House Myth posted by Katie Porter As challenges to whether a “bank” (usually actually a securitized trust) has the right to foreclose because it owns the note and mortgage become more common, rumors swirl about the ability to use such tactics …

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OCC Decree Examined With Strategic Implications

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE by Patrick Pulatie > > In April, when the OCC Consent Decree came out, I reviewed it > extensively, and the Foreclosure Review findings previously done by the > OCC. > > I adapted my foreclosure exam to meet and exceed ALL the …

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FLORIDA BAR ORDERS LAWYERS TO DISCLOSE FAULTY PAPERWORK

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Lawyers obligated to disclose faulty foreclosure paperwork By Gary Blankenship Senior Editor Lawyers representing banks and other mortgage service companies must tell the courts if they know of paperwork problems in their clients’ foreclosure cases, according to the Bar’s Professional Ethics Committee. The …

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CLASS ACTION SUIT AGAINST BOA LAWYERS AND RECONTRUST (OWNED BY BOA)

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FROM THE EDITOR: SOMEBODY GIVE ME A COPY OF THE LAWSUIT Mumford West & Snow Bring New Class Action Against Lawyers for Bank of America and ReconTrust One Month After Utah Attorney warned of legal action. July 08, 2011 The Salt Lake City-based …

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DIMON ADMITS MORTGAGES ARE FLAWED: "UNMITIGATED DISASTER"

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “There have been so many flaws in mortgages that it’s been an unmitigated disaster,” Dimon said during a conference call today. “We just really need to clean it up for the sake of everybody. And everybody is going to sue everybody else, and …

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Possible Counter-Attack in Unlawful Detainer (Eviction) in Fraudulent Foreclosure Cases

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE factual issues for Unlawful Detainer case NFG 7-15-11 Various states have two levels of  jurisdiction that make it difficult to raise the proper issues in eviction even if there has been no preceding judicial action or if the preceding judicial action has been …

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OHIO'S CORDRAY GETS TAPPED BY OBAMA: GOOD NEWS AND BAD NEWS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: He is aggressive and ambitious, which is good. He understands much of what the Banks really did, which is also good. He has a track record of banging the banks for billions — but does he have what it takes to …

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MOST ATTORNEY GENERAL OFFICES ARE CHICKENING OUT, NOT INVESTIGATING AND PLAYING POLITICS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “government is making a critical miscalculation that jeopardizes the public interest” State AGs Have Done Almost No Investigation of Servicer Abuse and Foreclosure Fraud By: David Dayen Monday July 11, 2011 11:21 am Tweet12   Shahien Nasiripour leads today with a persistent complaint …

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STEP ONE: OCC IS GETTING REAL AND DEMANDING A CREDIBLE PLAN FROM MEGABANKS TO FIX FORECLOSURE PROBLEMS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Large US Banks Submit Plans To Fix Foreclosure Operations By Alan Zibel, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The largest U.S. banks have submitted plans to fix their troubled mortgage-servicing operations, responding to orders issued in April, a bank regulator said Wednesday. …

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