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http://www.vice.com/read/the-only-person-jailed-for-the-foreclosure-crisis-will-soon-go-free Lorraine Brown, the lone American convicted of a crime for the mass production of bogus documents used to illegally kick people out of their homes, will be released from prison in Pittsfield Township, Michigan, this week. After serving the minimum 40 months of a 20-year maximum state sentence, Brown is set to be paroled […]
This lawsuit reveals a reason for Chase slipping in a new servicer into the chain. Having already discharged or released a loan, the “accounts” were nonetheless transferred or sold in derogation of the rights of investors who had already purchased them from Chase. Chase decreased its liabilities, increased its revenues, avoided its obligations, and provided […]
“The note is not a secured transaction (in and of itself)” — Dan Edstrom, senior forensic analyst for living lies. from the point of view of Article 9 there can be no foreclosure of a mortgage without the party claiming rights under the mortgage showing that they purchased the mortgage for value THE FOLLOWING ARTICLE […]
Mortgage fraud case enters eighth year https://livinglies.me/wp-admin/post-new.php Robert Trigaux, Times Business Columnist Monday, August 29, 2016 4:32pm Lee Bentley Farkas, former head of Taylor, Bean & Whitaker, is serving a 30-year jail term for fraud. [Marion County Sheriff’s Office file photo] In a Miami courtroom last Friday, defendant PwC settled a $5.5 billion lawsuit halfway […]
http://www.nytimes.com/2016/08/30/business/dealbook/prosecution-of-financial-crisis-fraud-ends-with-a-whimper.html White Collar Watch By PETER J. HENNING AUG. 29, 2016 Photo In 2011, Robert Khuzami of the Securities and Exchange Commission announced charges against top executives from Fannie Mae and Freddie Mac. Credit Win Mcnamee/Getty Images One source of great frustration from the financial crisis has been the dearth of cases against individuals […]
https://www.buzzfeed.com/chrishamby/super-court?utm_term=.dcLRxkdWZ#.hnZ8QB0r6 A parallel legal universe, open only to corporations and largely invisible to everyone else, helps executives convicted of crimes escape punishment. Part one of a BuzzFeed News investigation. Chris Hamby BuzzFeed News Reporter Imagine a private, global super court that empowers corporations to bend countries to their will. Say a nation tries to prosecute […]
http://www.detroitnews.com/story/business/2016/08/28/michigan-sets-parole-linda-green-robo-signer/89525028/ By Brian O’Conner The only person jailed in connection with a foreclosure forgery scandal that swept through Michigan and the rest of the country after the collapse of the housing bubble spends her days confined to the Women’s Huron Valley Correctional Facility in Pittsfield Township. But not for long. Sentenced in May 2013 to […]
Under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), all covered entities are legally required to refrain from committing unfair, deceptive, or abusive acts or practices (collectively, UDAAPs) in violation of the Act. Certain acts or practices related to the collection of consumer debt that could, depending on the facts […]
Washington Mutual Bank Sold These 67,529 Toxic Loans, And Not One Single Foreclosure By The Investors? Having investigated the WaMu/FDIC/Chase fact pattern for nearly seven-years now, and having investigated hundreds of foreclosure cases where JPMorgan Chase claims sole ownership of specific Washington Mutual Bank loans by virtue of the “Purchase & Assumption Agreement” (PAA) with the […]
As I am on the road, I will limit my comments. see Cenlar FSB v. Joseph L. Malenfant FREE HOUSE Cenlar FSB v. Joseph L. Malenfant 2016-2015-vt-93 The dissenting justice gets it right. In essence he is saying that it isn’t the borrower’s fault that these files, these loans, these documents are all screwed up […]
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