Archive for 'Corruption' Category
Oct 4, 2013

I have just received a copy of a daring and tempestuous motion for rehearing en banc filed by the winner of the appeal. The homeowner won because of precedent, law and common sense; but the court didn’t like their own decision and certified an absurd question to the Florida Supreme Court. The question was whether […]

Oct 3, 2013

There have been many admissions by government officials and even parties to the litigation over mortgage Foreclosures to the effect that at this point the ownership of most loans is in doubt. Even President Obama said it, reflecting the views and advice of the senior advisors at the White House. On appeal, recently in California, […]

Oct 2, 2013

As regulators conclude their long investigation into the cloud of companies and the maze of paths of paperwork and money the real victims are being revealed. We know Pension funds got hit hard and are now underfunded strictly as a result of buying worthless mortgage bonds from investment bankers who promised them protection and transparency […]

Oct 1, 2013

It seems I stirred up a tempest with my blog this morning. My position is that applying generally accepted accounting principles and the accounting standards promulgated by the FASB, you must accept that Servicer advances are either a third party payment that reduces the account receivable of the creditor, or the advances are without effect […]

Oct 1, 2013

The following message and article brings up questions that I have been receiving with increasing frequency as homeowners, their forensic analysts and attorney dig further and further. They are following the money and coming up with the fact that servicers are advancing payments to investors when the borrower stops paying. In fact, they advance those […]

Sep 30, 2013

“[Customers and employees] accuse the company of using high-pressure salesmanship to target elderly and vulnerable homeowners, as well as misleading borrowers about their loans, and falsifying property appraisals and other information to push through bad deals…. A group of ex-employees, meanwhile, have gone to federal court to accuse Quicken of abusing workers and customers alike. […]

Sep 29, 2013

Forbes has taken notice. There is a shift toward borrowers in mortgage litigation. The decision points back to the origination of the loan. This decision follows a similar decision in the 4th circuit. It all comes down to what actually happened at closing? And we don’t actually know if the decision to allow rescission indefinitely […]

Sep 29, 2013

BUSINESS DAY | Five Years Later, Poll Finds Disapproval of Bailout The simple answer is yes, there will be another bailout attempt and it appears likely that the Banks will continue to confuse things enough so that it again happens only “this time” there will be some “stern regulations”. The reason is not some esoteric […]

Sep 27, 2013

FL 2nd DCA: Focht v. Wells Fargo Bank, N.A. – Foreclosure Judgment Reversed Based on Genuine Issue of Material Fact of Wells Fargo’ s Standing http://4closurefraud.org/2013/09/25/fl-2nd-dca-focht-v-wells-fargo-bank-n-a-foreclosure-judgment-reversed-because-judge-had-to-based-on-genuine-issue-of-material-fact-of-wells-fargo-s-standing/ Editor’s Comment:  The Court clearly states that if the bank does not  meet the prerequisites of standing at the commencement of the action, the case must be dismissed. But […]

Sep 27, 2013

“in today’s marketplace, they don’t want to mitigate damages, they want to mitigate liability to all the people from whom they received money, including the investors.” Neil F Garfield, livinglies.me After a nasty bout of the flu I have returned to the world of the living. Here are some comments and links that you should […]