Fair Isaac is involved in a suspicious attempt to artificially boost the pool of eligible, credit-worthy mortgage and auto recipients. The company which is behind the crucial FICO score that determines every consumer's credit rating, "will stop including in its FICO credit-score calculations any record of a consumer failing to pay a bill if the bill has been paid or…[...]

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Tags: bubble, FICO
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https://shadowproof.com/2010/07/26/hamp-is-hurting-liberalism/ by David Dayen/Shadowproof.com I wanted to circle back to this point I made on our foreclosure panel that I really do think expresses both the frustration and the danger I and some other commentators are feeling about the situation. Simply put, HAMP is hurting liberalism. It’s putting a face of bureaucratic incompetence on a program designed to help people.…[...]

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Tags: DAVID DAYEN, hmap
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by K.K. McKinstry/Lendinglies.com Despite knowing what I know about the corrupt practices of the Federal Reserve, Government sponsored enterprises- Fannie Mae and Freddie Mac; not to mention originators, lenders, trustees, and the banks themselves- I decided the benefits of home ownership outweighed the risks and decided to jump back into the lending minefield in order to purchase a home. Knowing…[...]

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Tags: Loan Closing, mortgage loans
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The Money Trail vs. The Paper Trail by KK MacKinstry/Lendinglies.com Homeowners trying to receive evidence of the money trail are stonewalled from obtaining the documents that would help them to prove their case and prevail.  Discovery is often blocked on ordinary grounds or on the basis of relevance.  Therefore Discovery must be executed with precision, caution and as part of…[...]

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Feds side with lender in Vancouver veteran's foreclosure fight David Dayen via Twitter: This misconduct carries jail time in the statute. Nobody has ever been charged since the foreclosure crisis' beginning. By Jeff Manning jmanning@oregonian.com The Oregonian/OregonLive [youtube https://www.youtube.com/watch?v=WRLzg3gcGXo?rel=0&autoplay=0&enablejsapi=1&origin=http%3A%2F%2Fwww.oregonlive.com&widgetid=2]Marine veteran suing after losing home to foreclosure two months after tour in Iraq A veteran of four tours of duty in…[...]

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Tags: PHH Mortgage
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https://www.wsj.com/articles/millennials-want-to-buy-homes-but-arent-saving-for-down-payments-1495731583?mod=e2fb One of the frequent reasons cited for the failure of the US housing sector to rebound to its pre-recession levels, is the lack of household formation among young American adults and specifically the unwillingness, or inability, of Millennials, which last year overtook Baby Boomers as America's largest generation... ... to move out of their parents' basement, or stop renting,…[...]

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Tags: housing, millenials, Wall Street Journal
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Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays What is the significance of the money trail being different from the paper trial and how does that impact the presumptions that usually attach to facially valid documents? Neil Garfield will explain why it makes a factual and legal difference. Who…[...]

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Tags: neil garfield radio show
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May 25, 2017 By Richard Bowen “The White House just used a brazen back door move to bypass the Senate”… read the headlines of a recent Vanity Fair article regarding the appointment of Keith A. Noreika as the Acting Comptroller of the Currency, which makes Mr. Norieka the administrator of the federal banking system and acting head of the Office…[...]

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If a lawyer goes into court claiming he represents X when in fact he never had any contact with X, was never retained by X and is not being paid by X, he is misrepresenting his status and that of X. The fundamental problem is that the lawyer has shown up without a client and X is not present. In…[...]

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http://www.thefiscaltimes.com/Columns/2017/05/23/Why-Trump-Didn-t-Have-Obstruct-Justice-US-No-Longer-Holds-Powerful-Accountable By David Dayen  May 23, 2017 Administration is in crisis. Successive scandals related to possible collusion with Russia and obstruction of justice have put talk of impeachment in the air. Beyond those parallels to Nixon, anti-Trumpers are giddy about the legal pressures building on Michael Flynn, Paul Manafort and a “person of interest” inside the White House, who knowledgeable…[...]

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