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…[...]

Continue Reading

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…[...]

Continue Reading

Posted in Uncategorized |

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…[...]

Continue Reading

Posted in Uncategorized |

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  [...]

Continue Reading

Tags: Fannie MAe, Goldman Sachs, Matt Levine
Posted in Uncategorized |

https://www.nytimes.com/2017/03/17/business/dealbook/mortgage-crisis-consumer-relief.html?_r=1[...]

Continue Reading

Tags: CFPB, consumer relief, New York Times
Posted in Uncategorized |

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)…[...]

Continue Reading

Tags: Fannie MAe, Goldman Modifications, Goldman Sachs, repackaging debt, toxic mortgages
Posted in Uncategorized |

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…[...]

Continue Reading

Posted in Uncategorized |

http://www.wrubellaw.com/articles/unclean_hands.html A defendant in a Palm Beach County foreclosure accused loan servicer Bank of America N.A. of having unclean hands in a case set to come before Circuit Judge Peter Blanc. Sandra Dolman claimed she defaulted on her mortgage after the bank charged at least four times market value for forced-placed insurance through its then-subsidiary, Balboa Insurance Co. Those charges…[...]

Continue Reading

Posted in Uncategorized |

But foreclosure starts increased in 15 states March 16, 2017 Kelsey Ramírez Foreclosure activity dropped in February to an 11-year low, according to new data from ATTOM Data Solutions, a fused property database. This decrease marks the lowest point since November 2005, and the 17th consecutive month of annual decreases. But despite this drop, 10 states still saw an increase…[...]

Continue Reading

Posted in Uncategorized |

In a highly unusual turn of events, the Per Curium opinion overturning the trial court's dismissal was overturned on Motion for Rehearing en banc --- including all the 4th DCA judges. Changing its course, the full court of the 4th DCA corrected the erroneous unanimous decision of the same court, which held that proof of the validity of the indorsement…[...]

Continue Reading

Posted in Uncategorized |