Archive for 'Uncategorized' Category
by William Hudson While reading the Housing Wire today, something caught my eye. Black Knight Financial Services reported that in Mississippi 11% of all homeowners are behind on their mortgages. And then I remembered reading about a newly elected mayor in Jacksonville, Mississippi who claimed that Wells Fargo zeroed out his mortgage on the day […]
By David Dayen Foreclosure Fraud Is Supposed to Be a Thing of the Past, But It Happens Every Day Every day in America, people continue to be kicked out of their homes based on false documents. The settlements over allegations of robosigning, faulty paperwork, and illegal mortgage servicing didn’t end the misconduct. And law […]
In a perverse way many if not most borrowers lost everything in 4 ways — their home, their retirement money that was used to fund the loans, their savings that was used to try to save the home and their jobs when upon the largest loss of household wealth in history the economy tanked. It […]
http://www.salon.com/2016/05/19/it_is_happening_again_david_dayen_on_the_epidemic_of_mortgage_fraud_and_the_rigged_economy_that_sets_it_in_motion/ “It is happening again”: David Dayen on the epidemic of mortgage fraud and the rigged economy that sets it in motion David Dayen’s new book explores the criminal conspiracy that destroyed the lives of millions Heather Digby Parton David Dayen (Credit: The New Press/lumy010 via iStock/Salon) Earlier this week the New York Times featured a […]
By William Hudson Banks have used fabricated documents and forged signatures over the past decade to foreclose on homes they don’t own while law enforcement and the courts have intentionally looked the other way. However, attorney Constantine “Chuck” Kalogianis is now in trouble because he has been accused of resorting to the same tactics by […]
[wpvideo NqykIqTB] Chain of Title should be required reading in every college-level business ethics class in America. At a time when “business ethics” is an oxymoron, perhaps the current generation that adores Bernie Sanders might better understand the dangers big banking monopolies hold. David Dayen’s book, Chain of Title, unearths a system with the power […]
“The borrower owes money not to the world at large but to a particular person or institution, and only the person or institution entitled to payment may enforce the debt by foreclosing on the security.” “[O]nly the entity currently entitled to enforce a debt may foreclose on the mortgage or deed of trust securing […]
[wpvideo NqykIqTB] Listen to David Dayen tonight on the Neil Garfield Show at 6 pm EST. Click in to tune in The Neil Garfield Show Or call in at (347) 850-1260. Chain of Title should be required reading in every college-level business ethics class in America. At a time when “business ethics” is an oxymoron, […]
[wpvideo NqykIqTB] The Neil Garfield Show you can’t afford to miss! Listen at 6 pm EST on the Neil Garfield Show Click in to tune in The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Tonight! Salon and recent recipient of the Ida and Studs Terkel Prize, Author David Dayen joins Neil […]
It seems obvious that if a complete stranger to the transaction (see the wording from the San Francisco study), is attempting to enforce a debt or seek a foreclosure, they should have no rights at all. And if a party accepts a modification application, they are making several representations about their authority and what they […]


