You can't blame a homeowner in Fresno, Calif., for viewing the thriving metropolis to its northwest with both envy and dismay. While San Francisco home values have surged since the recession, Fresno's housing market is stuck in a rut. Less than 3% of homes in the city and its environs have returned to their pre-recession peak, according to a new…[...]

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By Kristine Phillips May 4 A man passes by a Wells Fargo bank in Oakland, Calif. (Ben Margot/AP) On “Hit the Streets Thursday,” Wells Fargo bankers and tellers, specifically those of Latino descent, scouted the streets and Social Security offices for potential clients. Their goal: Find undocumented immigrants, take them to a local branch and persuade them to open bank…[...]

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Tags: Loan Fraud, Wells Fargo
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Seasonal factors contributed to an 89,000-unit increase in the number of seriously delinquent properties in the first quarter from the fourth quarter of 2016. The quarter ended with nearly 5.5 million homes seriously underwater, compared with 5.4 million at the end of the fourth quarter and 6.7 million for the first quarter of 2016. "There is typically a seasonal increase…[...]

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For Ruling PDF click here: 2017-Shrewsbury v Bank of NY Mellon The recent Supreme Court of Delaware case J.M. Shrewsbury v. The Bank of New York Mellon, CA No. N15L-03-108 (Del. 2017), provides a reminder of the importance of clearly documenting the assignment of loan documents. The Court’s holding requires that prior to the assignee of a mortgage loan filing suit on…[...]

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Tags: Shrewsbury v Bank of New York Mellon
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By Richard Bowen http://www.richardmbowen.com/theyre-back-fannie-and-freddie-ride-again/ It looks as if Fannie Mae and Freddie Mac have not learned from their previous enabling of banks leading to the financial crisis. In fact, it looks as if the two are still using the same business model; they are lowering even further their underwriting standards to allow loans to be underwritten, ignoring student, credit card…[...]

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Tags: citibank richard bowen, Fannie MAe, Freddie Mac
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The ongoing saga of lead-contaminated water in Flint, Michigan, got yet another layer on May 4, when 8,002 residents received foreclosure notices for failure to pay their water bills, according to the Washington Post. The notices came a few weeks after the city ended a program that assisted residents in paying bills for their contaminated water. According to letters like…[...]

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Tags: Flint, Michigan
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Our apologies- due to the system being down at Blog Talk Radio the show has been postponed until next week.  Thank you.  [...]

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Concealed information may still be available. An increasing number of people have showed me that they did receive documents that were responsive to their requests from a government agency --- VA, Fannie Mae, Freddie Mac, Sallie Mae etc. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU…[...]

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By David Dayen May 2, 2017 http://www.thefiscaltimes.com/Columns/2017/05/02/How-Congress-Could-Make-Steve-Bannon-s-Wildest-Dream-Come-True Beyond the competing sets of spin about the success or failure of Donald Trump’s first hundred days, even the most committed liberal partisan can admit that he has allowed corporate America to run wild. A regulatory freeze on day one delayed every final rule awaiting its effective date. Many got pushed back further…[...]

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Tags: DAVID DAYEN, Financial Times
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Redefining The Middle Class: It Isn't What You Earn & Owe, It's What You Own That Matters Authored by Charles Hugh-Smith via OfTwoMinds blog, No wonder the "middle class" has lost political power - it has lost the economic power of the ownership of productive assets. Longtime correspondent Mark G. observed that the key phrase in yesterday's excellent commentary by…[...]

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Tags: middle class mass destruction, oftwominds.com
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