Below is a letter from Arkansas Congressman French Hill, a whip at the House Financial Services Committee.  Hill is interested in writing a bill that actually empowers the consumer and small lenders including credit unions called the Financial Choice Act. Send your emails to : French.Hill@mail.house.gov Subject line: "Dodd-Frank Anecdote." Dear Friends, Much of my professional life was spent in…[...]

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Kristin Wong http://lifehacker.com/what-is-the-cfpb-and-what-does-it-offer-consumers-1792152764 The new Presidential administration will soon dissect the Dodd-Frank Act, a group of regulations the Obama administration developed in response to the 2008 financial crisis. Some political analysts expect them to disband the Consumer Financial Protection Bureau (CFPB). So what exactly is it, and what does it do for consumers? Senator Elizabeth Warren proposed the idea for…[...]

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[caption id="attachment_35460" align="alignnone" width="375"] Q & A Session Live at 6 pm[/caption]   Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays NEW MAIN NUMBER: 202-838-NEIL (6345). Do you have a question regarding wrongful foreclosure?  Tonight  Neil Garfield and California Attorney Charles Marshall will answer questions from Livinglies readers. Please…[...]

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http://campaign.r20.constantcontact.com/render?m=1118575381433&ca=a2e5c0b7-db56-42f8-9a03-3310d938cb61 Watch the video here: http://fullmeasure.news/news/cover-story/immaculate-corruption Full Measure with Sharyl Attkisson: The Immaculate Corruption featuring Richard Bowen. Photo: Sharyl Attkisson Full Measure News is broadcast to 43 million households in 79 markets on 162 Sinclair Broadcast Group stations, including ABC, CBS, NBC, FOX, CW, MyTV, Univision and Telemundo affiliates and streams live Sunday mornings at 9:30 a.m. ET. In some markets…[...]

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Tags: Citigroup, foreclosure fraud, Livinglies, richard bowen, whisteblower
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The banks were not taking risks. They were making risks and profiting from them. Or another way of looking at it is that with their superior knowledge they were neither taking nor making risks; instead they were creating the illusion of risk when the outcome was virtually certain. Securitization as practiced by Wall Street and residential "mortgage" loans is not…[...]

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Tags: CERTIFICATES, common law trust, foreclosures, Master Servicer, Merril Lynch, Moody's, Mortgage Loan Schedule, Pooling and Servicing Agreement, Prospectus, REMIC, Rent-A-Name, securitization, stable managed fund, trust, Underwriter, US BANK
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Editor's Note:  CitiMortgage is the 6th largest loan servicer in the United States.  Citi is now exiting the lucrative industry of mortgage servicing and foreclosing on loans it doesn't own.  Citi was fined $28.8 million dollars last week for servicing improprieties.  By selling the servicing rights to these loans, CitiMortgage creates another layer of confusion and further distances them from…[...]

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Tags: Citimortgage
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IF THE SERVICER IS NOT AFFILIATED WITH US BANK "IN ANY WAY" THEN EITHER US BANK HAS NO TRUST DUTIES OR THE SERVICER HAS NO SERVICING AUTHORITY BOTTOM LINE: A trust without a trustee holding fiduciary duties and actual powers over trust assets is no trust at all. This signals corroboration for what is now well known in the public domain: the…[...]

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Tags: Bank of America, business records, fiduciary duties, Master Servicer, PSA, servicer, Servicer advances, subservicer, Trustee business, US BANK
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[caption id="attachment_35460" align="alignnone" width="419"] The US Bank as Trustee sham-Live at 6 pm Eastern[/caption] New evidence demonstrates that US Bank is not a trustee even though it is named as Trustee in some trusts and otherwise “acquired the trust business” from Bank of America and others. Livinglies founder Neil Garfield, California Attorney Charles Marshall, and Investigator Bill Paatalo discuss the US Bank as…[...]

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Tags: blog talk radio neil garfield show, Livinglies Neil Garfield, US Bank as trustee, US Bank fraud
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50 years ago Congress decided to slap punitive measures on lenders who ignore or attempt to go around (table-funded loans) existing laws on required disclosures --- instead of creating a super agency that would review every loan closing before it could be consummated. So it made the punishment so severe that only the stupidest lenders would attempt to violate Federal…[...]

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Tags: 15 USC §1635, CFPB, Federal reserve, jesinoski, Reg Z, rescission, Scalia, TILA
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Mnuchin's lies to the U.S. Senate are only symptomatic of the continuous stream of lies producing a new normal of bank arrogance and the continuing push to foreclose on homeowners as a means to gain illicit profits. Perhaps the flagrancy of his lies will awaken lawmakers to the fact that the entire financial system has a growing cancer caused by…[...]

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Tags: fabrication, forgery, Mnuchin, OneWest, Robo-Signing
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