While the Big Banks continue to fabricate notes, robosign documents and create fake assignments in order to illegally foreclose, the Federal government continues to focus on the small fish. A Georgia real estate investor pleaded guilty today for his role in a bid-rigging conspiracy and fraud scheme related to public real estate foreclosure auctions in Gwinnett County, Georgia, the Department…[...]

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https://www.bloomberg.com/news/articles/2017-03-23/renters-now-rule-half-of-u-s-cities Detroit was once known as a city where a working-class family could afford to own a home. Now it’s a city of renters. Just 49 percent of Motor City households were homeowners in 2015, down from 55 percent in 2009 and the lowest percentage in more than 50 years. Detroit isn’t alone, of course: The rate of U.S. home ownership…[...]

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Dealing with Defects in Non-Judicial Foreclosure States  March 23, 2017 On Thursday, the Legal League 100 held a webinar with a focus on title defects and how they can disrupt the foreclosure process, titled “How to Lose Your Case Before It Starts-Title Defects.” The webinar was provided free of charge the mortgage servicing industry and hosted by Jim Deloach, Senior…[...]

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Tags: foreclosure mill, Van Ness Lawfirm
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By The LendingLies Team A Surprising Discovery in a California Appeal In a recent California foreclosure appeal, a homeowner’s attorney obtained a routine MERS corporate disclosure statement. What seemed ordinary at first turned into a bombshell: MERS was listed as owned by a holding company, Maroon Holding, LLC. Maroon was more than 10% owned by Intercontinental Exchange, Inc. (ICE). ICE…[...]

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Tags: Intercontinental Exchange, Maroon Holding, MERS, NYSE
Posted in foreclosure defenses, securities fraud, Uncategorized |

http://www.zerohedge.com/news/2017-03-22/existing-home-sales-tumble-nar-warns-prices-becoming-increasingly-unaffordable After starting the year at the fastest pace in almost a decade, existing-home sales slid in February some 3.7%, below the 2.0% drop expected, as 5.48 million existing houses were sold last month which was marked by a paradoxe: on one hand, NAR reported that the median existing-home price in February was $228,400, up 7.7% from February 2016 and…[...]

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The 9th Circuit has laid bare its frustration --- and that of thousands of other judges --- with the inability to get a straight answer on modification, the collection of trial payments, and the damage caused by misleading statements or outright misrepresentation, whether negligent or intentional. This explicitly opens the door for homeowner actions in negligent misrepresentation, fraud, breach of…[...]

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Please refer to Bloomberg news for article about the Goldman Sachs/Fannie Mae non-performing loan purchases at: https://www.bloomberg.com/view/articles/2017-03-20/mortgage-math-and-sympathetic-sales  [...]

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Tags: Fannie MAe, Goldman Sachs, Matt Levine
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https://www.nytimes.com/2017/03/17/business/dealbook/mortgage-crisis-consumer-relief.html?_r=1[...]

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Tags: CFPB, consumer relief, New York Times
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By the Lending Lies Staff Just last year Goldman Sachs entered into settlements with state and federal governments over the sale of toxic mortgage backed securities to investors while subsequently shorting the very same securities they were selling.  Goldman would agree to provide $1.8 billion in debt relief to delinquent borrowers.  However, since Goldman (and likely no other identifiable party)…[...]

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Tags: Fannie MAe, Goldman Modifications, Goldman Sachs, repackaging debt, toxic mortgages
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Read more: http://www.digitaljournal.com/pr/3271955#ixzz4bdswsm National real estate data aggregator and information source of foreclosure homes and property statistics, USHUD.com anticipates an increase in the number of foreclosures under President, Donald Trump. Real estate magnate turned U.S. President, Donald Trump has come into office with new policies, many of which do not come as a surprise to the American public or the…[...]

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