By Richard Bowen, CitiBank Whistleblower http://www.richardmbowen.com/is-the-fed-really-interested-in-protecting-consumer-or-is-it-just-lip-service/ Eric Ben Artzi … is a former risk officer at Deutsche Bank. Mr. Ben-Artzi was one of three former Deutsche Bank employees turned whistleblowers who in 2010-2011 notified regulators of improper accounting at Deutsche. What was discovered resulted in a five-year investigation and a $55 million settlement between Deutsche Bank and the SEC. While Mr.…[...]

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Tags: citibank richard bowen, O.C.C., richard bowen
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The  American Bankruptcy Institute (ABI) has formed a Commission on Consumer Bankruptcy. More information about the Commission is available on its web site . the committee is requesting input and suggestions about the Commission's work. The ABI has asked the Commission to assist with "researching and recommending improvements to the consumer bankruptcy system that can be implemented within its existing…[...]

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Tags: american bankruptcy institute
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‘Blockbuster’ ruling hits lending giant with $46 million for Kafkaesque tactics By Scott Thomas Anderson scotta@newsreview.com https://www.newsreview.com/sacramento/foreclosure-hell-sacramento-judge-says/content?oid=24151197 ILLUSTRATION BY MARGARET LARKIN The young boy playing piano inside his house suddenly looked up. A man he’d never seen before was peering at him through a sliding glass door. The man began pounding on the glass, yelling at the boy to let…[...]

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Tags: Bank of American, Sundquist v Bank of America
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Back at the beginning of creating the false pyramid of "Securitization" 9 lawyers in the New York metropolitan area resigned rather than contribute to drafting securitization documents. They all agreed that what was being requested of them was the drafting of documents to cover up a criminal enterprise. This article spells out part of the problem. Get a consult! 202-838-6345…[...]

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By K.K. MacKinstry/LendingLies Today I listened to a webinar about housing trends hosted by website Housingwire.  Ten-minutes after logging in, I logged off.  Chief Economists from Fannie Mae and the Mortgage Bankers Association discussed economic indicators that were little more than banker's spin.  They stated that Federal Reserve rate hikes would preserve the wealth effect of home equity among the…[...]

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Tags: CoreLogic
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http://www.fanniemae.com/portal/media/financial-news/2017/student-loan-debt-6546.html The massive student loan bubble the Feds created has resulted in a generation that is unable to afford a home like previous generations.  Millenials are often not able to find a job that provides a living wage and the ones that bought into the hype that an over-priced college degree provides value often graduate with tens of thousands of…[...]

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Tags: Fannie MAe, student loan
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If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden's housing bubble. http://www.zerohedge.com/news/2017-04-25/housings-echo-bubble-now-exceeds-2006-07-bubble-peak A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the crushed…[...]

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In this case the Bank was required to prove a chain of transfers starting with the indorsee, GreenPoint Mortgage to the current servicer.  The Bank failed to prove the series of transactions through which it purportedly acquired the note from the indorsee and the judge ordered an involuntary dismissal.  However, because this is Florida and statute of limitations are not…[...]

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Tags: N.A, powell v wells fargo bank
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Bill Paatalo has written a heartfelt plea (see his post below) for at least one person to be relieved of stress that is about to literally kill her. In so doing he has again demonstrated his research and forensic skills as a private investigator and one more thing, his humanity. The link to internal emails shows, without any reasonable doubt,…[...]

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Tags: Bill Paatalo, DEUTSCHE BANK, Diane Meistad, Inc., Michael Barnett (MGC Mortgage, WAMU, Washington Mutual
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The CFPB complaint makes it easy for lawyers to put together private actions for violations of federal law and with few revisions violations of state law. You have a template here that will go a long way toward establishing credibility to homeowners who are victims of intentional malfeasance by servicers, master servicers, trustees and others. At the very least this…[...]

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