LAWYERS WAKE UP! THERE IS GOLD IN THESE HILLS! The Sundquist decision stands out as the clearest denunciation of Bank of America yet. In this colorfully written opinion Judge Klein in California burst out of a shell of false orthodoxy plaguing the courts and gave us rays of sunshine. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make…[...]

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Tags: 90 days, Bank of America, bankruptcy, Fed R Evid 802.(d)(91), Kafka, Modification Fraud, servicer advacnes, violation of automatic stay
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by the LendingLies Team In most cases, the damages awarded to homeowners are so paltry that they do little to punish unlawful conduct or to deter future behavior by servicers.  The banks continue their crime spree unabated.  Those days may be over.  A bankruptcy court in Sacramento, California recently issued a $45 million dollar punishment in a case of a…[...]

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Tags: Automatic Stay Violations, Bankruptcy automatic stay, BOA foreclosure fraud, Sundquist v Bank of America
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By New York Times reporter Gretchen Morgenson Seven years after their dubious lending practices helped push the United States economy to the brink of disaster, the nation’s largest banks are closing in on a long-sought goal: to unseat Fannie Mae and Freddie Mac, the mortgage finance giants, and capture their share of the profits in the country’s $5.7 trillion home…[...]

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Tags: Freddie Mac, New York Times
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https://consumerist.com/2017/03/28/complaints-about-student-loan-servicing-increased-429-in-past-year/ In the past year, federal regulators and consumer advocates have highlighted issues with student loans and the servicing of these often crippling debts: from finding that educational loans continue to haunt older borrowers, to suing Navient, the largest student loan servicing company. Because of this, it might not come as much of a surprise that the number of complaints the…[...]

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Tags: CFPB, student loans
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http://www.lexology.com/library/detail.aspx?g=da21e31b-d490-48b4-ae3a-cc663fb66591 The U.S. Court of Appeals for the Fifth Circuit recently affirmed a trial court’s denial of a mortgagor’s motion for remand because the non-diverse substitute foreclosure trustee was improperly joined in order to defeat diversity jurisdiction. The Fifth Circuit also affirmed the trial court’s summary judgment ruling in favor of the trustee and loan servicer because the foreclosure sale…[...]

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Tags: foster v deutsche bank national trust, texas foreclosure
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by Vince Golle March 27, 2017, 12:41 PM EDT The paucity of houses on the market remains a nagging hurdle for those Americans interested in trading up or looking to take their first step into homeownership. With a limited number of property listings amid solid demand, sellers have little reason to reduce asking prices. From December through February, less than…[...]

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by the Lending Lies Team CitiGroup’s attempts to act Ethically are a Smoke-Screen for its Fraud Spree. In last Saturday’s edition of the Wall Street Journal an article entitled, “The Banker-Turned-Seminarian Trying to Save Citigroup’s Soul”.  I didn’t projectile vomit but my gag reflex was activated. Citigroup’s latest attempt to schmooze regulators and the general public by addressing past and…[...]

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Tags: Citi Ethics, Citigroup, Citimortgage, Wall Street Journal Citi
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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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