Author: Aly J. Yale   http://www.themreport.com/daily-dose/05-01-2017/mnuchin-gses-wont-stay-long Fannie Mae and Freddie Mac should prepare for change—and sooner rather than later. According to Steven Mnuchin, the Trump administration won’t keep the status quo for long. Mnuchin discussed the GSEs and housing reform in general as part of an interview with reporter Maria Bartiromo on Fox Business’ “Mornings with Maria” on Monday. Though…[...]

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Tags: Fannie MAe, Freddie Mac, GSE reform, Mnuchin, Steve Mnuchin
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From Garfield's Guide to Foreclosure Litigation Copyright 2017 GTC Honors, Inc. and Neil F Garfield, publication date TBA =================== We start with derivatives because that is the origin of the mortgage crisis. An understanding of derivatives and how they were used in the marketplace is the key to understanding how to litigate on behalf of of victims of wrongful foreclosure.…[...]

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Author: Seth Welborn http://www.themreport.com/daily-dose/05-01-2017/cities-may-sue-banks-revenue-lost-foreclosure In a 5-3 decision on Monday, the U.S. Supreme Court determined that cities can sue banks over lost tax revenue on foreclosed properties from urban blight. Law360 reported that Miami has the standing to sue Bank of America Corp. and Wells Fargo & Co. under the Fair Housing Act, stating that the banks’ discriminatory and predatory…[...]

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Tags: cities sue
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The banks are once again caught in a double dipping scheme which could be multiple dipping if they entered into multiple insurance contracts for the same loan or group of loans. They are making a profit on the foreclosure (and most likely only if there is a foreclosure) PLUS the windfall of getting a free house. Get a consult! 202-838-6345…[...]

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To Appeal or not to Appeal: That is the Question. In this episode California Attorney Charles Marshall discusses the pros and cons of filing an appeal. [audio mp3="https://livinglies.me/wp-content/uploads/2017/05/neilgarfield_2017_04_27_attorney-charles-marshall-when-to-appeal-and-not-appeal-a-lawsuit.mp3"][/audio] Skip to 2:05 to bypass advertising and introduction. Trial courts are not perfect institutions. They can and do make serious mistakes. And sometimes, trial courts are faced with unsettled areas of law,…[...]

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The Securities and Exchange Commission calls itself the whistle-blower’s advocate. But one participant in the agency’s lauded whistle-blower program isn’t so sure. He is Michael J. Lutz, an accounting specialist who raised his hand in early 2013 when he was at Radian Group, the giant mortgage insurer. At the time, Radian was still weathering the subprime crisis; it had insured…[...]

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Tags: GRETCHEN MORGENSON, New York Times, RADIAN
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Walsh v. Bank of New York Mellon Trust: No Standing, No Foreclosure Editor’s Note: Mark Stopa, a highly skilled foreclosure defense attorney based in Tampa, Florida, handled this case. We also recommend his foreclosure blog at www.stayinmyhome.com. Case: Patrick Walsh and Catherine Walsh v. Bank of New York Mellon Trust, et al.Court: Florida Fifth District Court of AppealCitation: Case No.…[...]

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Tags: foreclosure fraud, Walsh v Bank of New York Mellon Trust
Posted in foreclosure defenses, legal standing, Motions |

http://www.zerohedge.com/news/2017-04-27/home-prices-continue-surge-sparking-fears-bubble-20 With each passing day, and each new financial bubble, it becomes more and more difficult to figure out what exactly is "normal."  That said, we can say with near certainty that home prices are not supposed to behave like this: ADVERTISING   Home prices in markets that bubbled over back in 2006/2007, like Las Vegas and San Francisco, got…[...]

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Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays To Appeal or not to Appeal: That is the Question. In this episode California Attorney Charles Marshall will discuss the pros and cons of filing an appeal. Trial courts are not perfect institutions. They can and do make serious mistakes. And…[...]

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Tags: appeal, appeal decision, attorney charles marshall, attorney charles marshall california, neil garfield radio show
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Contracts to buy previously owned U.S. homes declined in March after rising a month earlier by the most since 2010, as perhaps the seasonal exuberance gives way to affordability constraints. Despite NAR's comments that "home shoppers are coming out in droves this spring," it is evident from the chart below that pending home sales have been stagnant for almost two years.…[...]

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Tags: housing market
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