Statute Of Limitations Defense In Florida Foreclosures Not Quite Dead Yet? Trial Court Rules In Favor Of Deceased Borrower's Daughter Against Bankster As Trial Court Notes Distinction Between Reverse Mortgage & Traditional Mortgage http://consumerfsblog.com/ From a post at The Consumer Financial Services Blog: The Circuit Court of the Eleventh Judicial Circuit in and for Miami-Dade County, Florida recently dismissed a…[...]

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The stakes couldn’t be higher. If counsel has been directed by a third party to use the name of a specific entity, acting as Trustee for an alleged trust, and has no  contact or information from the Trust or the Trustee, then on what authority does counsel represent the Trust? Remember there must be some document FROM THE TRUST through the…[...]

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by Matt Scully May 8, 2017, Radian’s Green River says U.S. queries broker price opinions Probe said to question if firms’ assessments overstated values U.S. securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street’s biggest residential landlords used overvalued property assessments. Radian Group Inc.’s Green River Capital unit is one of the market…[...]

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Tags: RADIAN, sec probe
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Clerks and Judges on the Appellate bench will often get a sense of whining from an unfavorable result in the trial court. And they are besieged by appeals that don't amount to anything more than a motion for rehearing that should be filed with the trial court. The purpose of an appeal is to have the appellate court decide (1)…[...]

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Authored by Adam Taggart via PeakProsperity.com, In our recent report, Banks Are Evil, we pulled no punches in making the accusation that the financial system is the root cause of injustice in today's society.ADVERTISING It's a good blood-boiler. You should read it if you haven't already. Its main premise is this: In my opinion, it's long past time we be…[...]

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Tags: banks are evil
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The Consumer Financial Protection Bureau (CFPB) is planning to assess the effectiveness of the Real Estate Settlement Procedures Act (RESPA) mortgage servicing rule. The rule, introduced in January 2013 and which took effect in January 2014, was designed to assist consumers who were behind on mortgage payments. Among other things, the RESPA mortgage servicing rule requires servicers to follow certain…[...]

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Tags: CFPB, RESPA
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Millions of consumers lost their homes when the housing market bubble burst. But federal regulators say some of those people may have been able to stay in their homes had mortgage lenders fulfilled their requirements. To that end, the Consumer Financial Protection Bureau has ordered two Citigroup subsidiaries to pay $28.8 million to resolve allegations that some of its mortgage units…[...]

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Tags: CFPB, CitiFinancial, Citimortgage
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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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