U.S. Bank Trust, N.A. v. Monroe, 2017 WL 923326 (N.D.N.Y. March 8, 2017) This case is much more than a decision on diversity jurisdiction. The decision is important for that reason but even more substantively it lifts the hood over the "Trustees" of so-called REMIC Trusts. Listen to the Last Neil Garfield Show at US Bank, Trustee loses Uncontested Foreclosure…[...]
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PLEASE SEND RESPONSES AND REFERRALS TO INFO@LENDINGLIES.COM or call 202-838-6345 ======================= We have a prospective client for a lawyer in Orange County, Florida. This involves a foreclosure case that has already gone to judgment and a writ of possession has been issued. While there might be a theoretical reason to bring a motion to vacate, the procedural remedies seem to…[...]
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Editorial Note: The Dark Side of Blackstone’s Home Buying Spree Blackstone Group leveraged its special relationships with banks and county recorder’s offices to scoop up blocks of foreclosed homes for pennies on the dollar during the housing crisis. A troubling share of these properties were tied to: Fraudulent paperwork Forged signatures MERS (Mortgage Electronic Registration Systems) “ownership” with no clear…[...]Continue Reading
https://johnchiang.com/add-your-name-wells-fargo-must-root-out-fraud-and-corruption/ The John Chiang for California Governor is asking for a full, transparent investigation to fire executives responsible for the latest Wells Fargo scandals. At least he acknolwedged Wells Fargo is a criminal enterprise. Wells Fargo just admitted signing up hundreds of thousands of customers for auto-loan insurance they didn't want or need. It's time for Wells Fargo to take…[...]
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PLEASE SEND RESPONSES AND REFERRALS TO INFO@LENDINGLIES.COM or call 202-838-6345 ================================ We have a prospective client for a lawyer in the Atlanta area involving a foreclosure case emanating from Douglas County. Currently pending in State Court in Douglas and Federal Court in Atlanta. She has been prequalified as having sufficient resources to pay attorneys fees and costs. She only needs…[...]
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http://www.huffingtonpost.com/entry/attorney-linda-tirelli-defines-robo-signing-for-clueless_us_59824797e4b0396a95c8747e It seemed like the Treasury Secretary doth protest a bit too much as a Shakespearean drama unfolded at a July 27th meeting of the House Financial Services Subcommittee . Steven Mnuchin, like some wayward damsel in distress, took deep umbrage at Representative Keith Ellison’s (D-MN) suggestion that he was anything but an honest, ethical banker; albeit one who headed…[...]
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https://newrepublic.com/article/144230/lefts-misguided-debate-kamala-harris The Left’s Misguided Debate Over Kamala Harris My article about a bank's law-breaking during the housing crisis became a political football, obscuring the real issue at hand. By David Dayen August 8, 2017 Back in January, after Donald Trump had nominated Steven Mnuchin as treasury secretary, I uncovered a leaked document from the California attorney general’s office that showed…[...]
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By David Dayen, via Email alert Follow David on Tumblr Follow David on Twitter Subscribe to David Dayen's newsletter Last week Wells Fargo was caught forcing unwanted insurance on car loan borrowers. This week, they've been exposed profiting from a DIFFERENT kind of unwanted insurance: The latest inquiry, by officials at the Federal Reserve Bank of San Francisco, where the…[...]
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Congratulations to Pennsylvania attorney Joshua Thomas. See order here: Prince v. BAC Home Loans Eastern PA 2017 08 Decision A Federal judge agreed to hear charges of wire fraud and other charges from a homeowner who complains that he suffered loss and other damages in connection with a loan in which "Citimae" and others were involved. A modification was involved…[...]
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Fighting Off Foreclosures http://www.dsnews.com/daily-dose/08-08-2017/fighting-off-foreclosures Editor's Note: Fannie and Freddie have foreclosed on almost 4 million homes since the financial crisis of 2008. The GSEs typically can't prove they own the loan if it was securitized between 1999 and 2014. Did you know that Fannie Mae and Freddie cannot accept a note that is not properly endorsed and assigned? A note…[...]
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