Blog Pete's Take Porzio Bromberg & Newman PC  http://www.lexology.com/library/detail.aspx?g=06b8e212-01e0-4a00-aacf-87b6af32b34d USA August 1 2017 Lawsuits arising out of foreclosures and mortgage modifications are common. (Even more common than lawsuits about gyms or health clubs if you can believe that.) Nearly every day there is a decision from the Appellate Division arising out of a residential foreclosure. Most of these fall into…[...]

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Tags: Arias v. Elite Mortgage, LOAN MODIFICATION, TPP, Trial Period Plan
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EverBank failed to comply with a condition precedent to foreclosure, imposed by HUD regulations, requiring that in the event of payment default, the mortgagee have a face-to-face meeting with the mortgagor, or make a reasonable effort to do so.  This was a Massachussets Appeal Court case entitled Everbank v. Chacon, that was originally filed in the Chapter 7 bankruptcy court.…[...]

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https://newrepublic.com/article/144144/give-wells-fargo-corporate-death-penalty Give Wells Fargo the Corporate Death Penalty The bank is a serial corporate criminal that has screwed over millions of Americans. Here's what the government should do about it. By David Dayen August 1, 2017 Wells Fargo continues to tangle itself in scandal. Last week, the bank admitted it forced redundant car insurance on more than 800,000 car-loan borrowers,…[...]

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The banks got away with it because of the complexity of the documents and the general failure of lawyers and others to read the documentation. But they also got away with it because nobody was raising a challenge --- like this one where US Bank simply engaged in self-dealing, possibly fraud and certainly breach of contract and breach of fair…[...]

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https://www.revealnews.org/blog/trumps-nominee-for-banking-post-meets-resistance-due-to-fraud-settlement/ By Aaron Glantz / July 24, 2017 “Cold and calculating and not willing to take the tiniest bit of responsibility” is how federal whistleblower Sandra Jolley describes Joseph Otting, President Donald Trump’s pick for comptroller of the currency, the nation’s chief bank regulator. Otting’s confirmation hearing is scheduled for Thursday before the Senate Committee on Banking, Housing and Urban…[...]

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Tags: Comptroller of the Currency, mortgage fraud, one west bank, Steve Mnuchin
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It is official.  Wells Fargo is a criminal enterprise and despite its crime sheet, not one person has been convicted on criminal charges.  Wells Fargo is  therefore emboldened to continue its fraudulent conduct. By Gretchen Morgenson/NY Times More than 800,000 people who took out car loans from Wells Fargo were charged for auto insurance they did not need, and some…[...]

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CNN is reporting that One West's Steve Mnuchin is demanding that you don't call him, 'the Foreclosure King.'  The authors at Livinglies would be happy to oblige him.  From now on we will refer to Steve Mnuchin as the Mafia Kingpin of Robosigners.  Mnuchin is correct, he shouldn't be treated as Royalty, but as the organized crime leader he is.…[...]

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Tags: Steve Mnuchin
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“This isn’t your father’s housing and mortgage market- Mark Hanson, Real Estate Analyst https://www.mhanson.com/ In 2007 the largest housing bubble in American history was inflating and literally popped overnight.  The Mainstream media would prefer that you focus on the DC Circus Show than on the Case-Shiller charts that indicate that 2017 looks eerily familiar. In 2007 unemployment was low,  banks…[...]

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Tags: case-shiller, Housing Bubble II, mark hanson
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Unfortunately it is not uncommon for courts to skirt the rules in order to protect the banks if they can get away with it.  It is up to California attorneys and homeowners nationwide to contact California’s Fifth District Appellate court and request that the Guliex case be published.  YOU almost didn’t have this opportunity because it appears the court attempted…[...]

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Tags: California Fifth Court of Appeals, Guilex, guilex v pennymac
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Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Please see case here. California Attorney Charles Marshall and Investigator Bill Paatalo will discuss the dangers of judicial presumptions. To prevail in a wrongful foreclosure case, the financial institution  must convince the trial court that: (1) it was, in fact, the…[...]

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