http://www.masslive.com/politics/index.ssf/2016/08/foreclosure_crisis_continues_t.html By Shira Schoenberg | sschoenberg@repub.com Follow on Twitter on August 24, 2016 at 6:00 AM, updated August 24, 2016 at 6:07 AM  The effects of the Great Recession may be receding, but many Massachusetts homeowners remain underwater. The number of foreclosures is rising, and that trend is expected to continue. The reason, experts say, is a backlog of old…[...]

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  [caption id="attachment_39974" align="alignnone" width="300"] Roughly 840,000 home-equity lines of credit taken out in 2006 are resetting this year, with principal payments on an additional nearly one million loans expected to hit in 2017. Illustration: David Paul Morris/Bloomberg News[/caption]   http://www.wsj.com/articles/home-equity-loans-come-back-to-haunt-borrowers-banks-1470933020 By AnnaMaria Andriotis Aug. 11, 2016 12:30 p.m. ET 125 COMMENTS The bill is coming due for many homeowners…[...]

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This is just the beginning of what I have been predicting for 10 years. When the public finds out that the government itself is addicted to the false scheme of securitization --- and that this has led to abandonment of policies and rules of law that have continued to depress the U.S. economy --- the "movements" of Sanders and Trump…[...]

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Tags: assignments, Bush, endorsements, Fannie, Freddie, Matt Taibbi, MLS, mortgage loan schedules, Obama, Rolling Stone
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http://www.law360.com/retail/articles/829818/beware-malpractice-risks-when-serving-as-local-counsel Law360, New York (August 19, 2016, 11:32 AM ET) -- Patrick S. (Sean) Ginty Seth L. Laver Many attorneys are territorial animals. The thought of voluntarily exposing a client to potential competition may be frightening. Yet, given the licensing requirements attached to the practice of law, attorneys seeking to represent clients outside of their home state may require the…[...]

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Lehman had nothing to do with the loan even at the beginning when the loan was funded, it acted as a conduit for investor funds that were being misappropriated, the loan was "sold" or "transferred" to a REMIC Trust, and the assets of Lehman were put into a bankruptcy estate as a matter of law. THE FOLLOWING ARTICLE IS NOT…[...]

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Tags: Assignment and ASsumption Agreement, Aurora, disclosure, Fannie, foreclosure defense, foreclosures, fraud, Freddie, Lehman, MERS, predatory per se, Reg Z, REMIC TRUST, securitization, table funded loan, trustee
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http://www.mortgageorb.com/black-knight-delinquencies-up-foreclosure-starts-down-in-july he mortgage delinquency rate in July was about 4.51%, an increase of 4.78% compared with June but a decrease of 3.38% compared with July 2015, according to Black Knight Financial Services’ “First Look” report. About 2.286 million mortgages were 30 days or more past due, but not in foreclosure, in July – an increase of about 108,000 compared with…[...]

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http://www.tristatehomepage.com/news/local-news/indiana-residents-could-be-awarded-2-million-in-foreclosure-abuse-settlement Indiana residents should be on the lookout for mailed notices coming this month that provide instructions on how to claim reimbursements from the state of Indiana's $470 million federal-state settlement with mortgage lender and servicer, HSBC. Indiana Attorney General Greg Zoeller says Hoosiers can claim $2 million in reimbursements from the settlement for foreclosure abuses starting August 24. The…[...]

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Tags: HSBC Settlement, indiana doj settlement
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FDCPA & FCCPA Claims Gaining Traction: Lessons from Goodin v. Bank of America Across the country, homeowners are increasingly finding success under the Fair Debt Collection Practices Act (FDCPA) and state-level consumer protection laws such as Florida’s FCCPA. A clear example is Goodin v. Bank of America (M.D. Fla.), where Judge Corrigan issued a carefully reasoned opinion that underscores both…[...]

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Tags: actual damages, ATTORNEY FEES, Bank of America, costs, disclosure, emotional distress, FCCPA, FDCPA, foreclosure defense, fraud, Goodin, Medical bills, punitive damages, statutory damages
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 http://www.courthousenews.com/2016/08/15/racketeering-claims-against-bank-of-america-revived.htm Racketeering Claims Against Bank of America Revived By LORRAINE BAILEY (CN) — Homeowners can sue Bank of America for claims it feigned compliance with a mortgage assistance plan that was a condition of the bank's $45 billion bailout in 2008, the 10th Circuit ruled Monday.      Bank of America hired Urban Settlement Services dba Urban Lending Solutions to administer its…[...]

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By Matt Taibbi April 18, 2016 http://www.rollingstone.com/politics/news/why-is-the-obama-administration-trying-to-keep-11-000-documents-sealed-20160418 After 2008, everyone hated Fannie and Freddie, and for good reason. These quasi-private companies are essentially giant piles of money that were intended to advance a simple, utility-like mandate to keep credit flowing in the housing markets. In the pre-crash years, however, the firms' leaders acted less like the stewards of utilities and…[...]

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