Message of the day to homeowners and their lawyers: "stop admitting things that you assume are true. By admitting those facts you are hanging your client or yourself. Even the client is apt to say "Yes that is my signature on the note" when it has been described by opposing counsel as the original.   In most cases the document might…[...]

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Editor's Note:  S.2155 is known in Washington as the Crapo bill.  A fitting name.  Even Georgetown Law professor and former CFPB adviser Adam Levitin in a blog post warns the dangers of further bank deregulation.  This bill functionally exempts 85% of US banks and credit unions from fair lending laws in the mortgage market By David Dayen/The Intercept https://theintercept.com/2018/03/02/crapo-instead-of-taking-on-gun-control-democrats-are-teaming-with-republicans-for-a-stealth-attack-on-wall-street-reform/ In…[...]

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Tags: Citibank, DAVID DAYEN, the intercept, Wall Street
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First a little background.  On February 6, 2018 a California federal judge certified a nationwide class of borrowers accusing Countrywide Financial Corporation of using inflated real estate appraisals to inflate its loan origination business from 2003 to 2008, overturning successor Bank of America's claims that borrowers won’t be able to back up their racketeering claims with  proof. The class-action covers…[...]

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Tags: appraisal fraud, Bank of America, class action, countrywide, Landsafe
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The Yvanova string of cases in California are based upon some vague notion of whether a void assignment (e.g., past the cutoff date) could be ratified by the trust, trustee or trust beneficiaries. Firstly, the trust can only operate through a trustee. That is black letter law in every state. In REMIC Trusts the Trustee has no such power. If…[...]

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As Bill Paatalo (who brought this to my attention) says: "You can't make this s--t up." Reality is much stranger than fiction. This marks the point where we have entered the Twilight Zone in law where the rule of law is just a guidepost not to be confused with the real rule of men. Sheila Bair  was forced out of the…[...]

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Posted in discovery, evidence, Fabrication of documents, legal standing |

Posted by Bill Paatalo on Mar 4, 2018 https://bpinvestigativeagency.com/foia-request-reveals-servicers-justification-for-fraud-in-obtaining-limited-power-of-attorney-from-fdic/  See: FDIC FOIA Response – IndyMac LPOA Servicer Request 2017 This FOIA response from the FDIC dated June 29, 2017 contains a request to renew CIT Bank, N.A.’s “Limited Power of Attorney” from the FDIC regarding the failed IndyMac Bank, fsb and IndyMac Federal Bank, fsb. The “Justification” for CIT Bank’s request…[...]

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Tags: assignments, cit bank, FDIC, investigator bill paatalo, Power of Attorney
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Thanks to Investigator Bill Paatalo for bringing this class action to our attention. ATTENTION! IF YOU WERE WRONGLY DENIED OR DELAYED FOR MODIFICATION OF YOUR MORTGAGE PAYMENTS, YOU MAY BE ENTITLED TO SUBSTANTIAL COMPENSATION. CONTACT US NOW TO RECEIVE A FREE EVALUATION. Background: The HAMP Program The U.S. Government launched the Home Affordable Modification Program (HAMP) as part of the…[...]

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Tags: bank of america class action, Modification Fraud, refinance fraud
Posted in foreclosure defenses, Uncategorized |

    [wpvideo tAJe0ntq] Listen to Investigator Bill Paaalo and Attorney Charles Marshall discuss Proodian v. JPMC Thank you to Investigator Bill Paatalo who is responsible for bringing the loan-level data information to our attention. By  TL Anderson See: Abstract - US Residential-Mortgage Transfer Systems - A Data Management Crisis Proodian-V-Chase-Order USBank ROG Response - NV - cannot acsertain amout…[...]

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[wpvideo tAJe0ntq]   Listen to Investigator Bill Paaalo and Attorney Charles Marshall discuss Proodian v. JPMC Please note:  Within hours of posting this article on March 2, 2018 our website was hacked and this article removed.  Apparently we hit a nerve. Thank you to Investigator Bill Paatalo who is responsible for bringing the loan-level data information to our attention. By …[...]

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By J. Guggenheim, LendingLies Following the Paper Trail That Doesn’t Exist For nearly a decade, investigator Bill Paatalo has been digging through mountains of bank filings, SEC reports, FDIC data, OCC records, FBI dockets, Attorney General cases, and whistle-blower submissions. His obsession? Finding that elusive sliver of truth that explains how the modern mortgage system actually works. What he’s found…[...]

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Posted in discovery, evidence, expert witness |