The U.S. housing market is once again teetering. To keep buyers in the game, home prices inflated, and investors satisfied (for now), loan originators are being encouraged to dust off the old playbook: subprime-style mortgages. These programs are predatory by design. They target borrowers without the resources to maintain a property long term, cover cost-of-living increases, or sustain mortgage payments…[...]

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Tags: predatory lending, quicken 1% down
Posted in Servicer |

[caption id="attachment_36977" align="alignnone" width="300"] Does Ms. Wilson know that fabricating securities is a federal crime?[/caption] By the Lending Lies Team Those of us the foreclosure defense industry don’t experience much laughter. For hours each day we try to provide guidance to people who have been victimized by their servicer, attorney and/or the courts. Often, by the time they come to…[...]

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Tags: amber k. wilson ocwen, corrective deed of trust, fabricated documents, Ocwen
Posted in Uncategorized |

While news services proclaim the foreclosure rate is falling drastically and there is no reason for the public to be concerned about the housing market- the New York Federal Reserve is warning investors that the subprime mortgage industry is heating up. House prices peaked in most markets last year and now there is a nationwide decline in home prices as…[...]

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Tags: federal reserve mortgage, predatory lending bank of america, predatory lending wells fargo, subprime mortgages, taxpayer guaranteed mbs
Posted in Uncategorized |

http://www.mortgagenewsdaily.com/channels/pipelinepress/06242016-mortgage-servicing.aspx   by: Rob Chrisman NY Servicers Dealt Blow; Ocwen's $30 Million Settlement; Brexit: Renegotiations and Margin Calls? At Happy Hour tonight, besides talking about refis, you can throw this one out: the number of homes worth $1 million has doubled in the last 4 years. Of course 2012 was pretty much the bottom of the real estate market, and it…[...]

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Tags: brexit, Fannie MAe, Ocwen, servicer fraud
Posted in Uncategorized |

COMMONWEALTH OF MASSACHUSETTS – COURT OF APPEALS – NO. 2015-P-1259U.S. Bank, N.A., as Trustee for RASC 2006KS9 v. Wendy Bolling (This article is not a legal opinion. Hire an attorney for individual cases.) A Major Blow to Banks and Servicers In a decision that could ripple through foreclosure litigation, the Massachusetts Court of Appeals dealt U.S. Bank and other mega-banks…[...]

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Posted in evidence, legal standing |

http://www.jdsupra.com/legalnews/court-of-appeal-addresses-prejudice-48045/ By Kevin Brodehl If a property owner loses their property through a foreclosure sale initiated by someone who did not validly own the debt, has the property owner automatically suffered enough “prejudice” to pursue a claim for wrongful foreclosure?  Or does the property owner also need to show that it would have been able to avoid foreclosure by paying…[...]

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Tags: california foreclosure, foreclosure fraud, jesinoski, lendinglies, Livinglies, prejudice wrongful foreclosure, sciarratta
Posted in Uncategorized |

[caption id="attachment_36890" align="alignnone" width="500"] Commercial Real Estate: Retail and Office Space Vacancies Increase.[/caption] By William Hudson Before any financial crisis, there are certain signs that appear that should cause homeowners and investors to batten down the hatches.  Although this is an unscientific analysis, over the last three housing bubbles certain patterns emerged.  First of all wages will stagnate, next the…[...]

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Tags: commercial real estate, commercial real estate bubble, great recession part II
Posted in Uncategorized |

[caption id="attachment_36477" align="alignnone" width="463"] Neil Garfield's Foreclosure Information Service[/caption] Introducing- a new online service for homeowners and attorneys who have a question regarding a foreclosure issue.  Neil Garfield will answer questions you may have regarding standing, assignments, foreclosure, or other issues.  The answer provided is NOT legal advice and there is no implied attorney/client relationship. The Question and Answer service…[...]

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Posted in Uncategorized |

[caption id="attachment_36872" align="alignnone" width="407"] Mortgage Madness at Wells Fargo and Bank of America[/caption]   http://www.cnbc.com/2016/05/26/wells-fargo-launches-3-down-payment-mortgage.html http://www.dsnews.com/news/03-22-2016/is-bank-of-americas-new-mortgage-program-a-substitute-for-fha-lending By William Hudson Wells Fargo and Bank of America have announced that they will be offering 3% down loans that are proven to be as high risk as no-money-down mortgages. These loans will be offered to people with poor credit. If 3% is too…[...]

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Tags: bank of america 3% down, loan mortgage fraud, mortgage madness, Wells Fargo 3% down
Posted in Uncategorized |

Someone needs to go back to the Declaration of Independence. Government exists only by consent of the governed. People are withdrawing their consent on a daily basis now. Where do you think that will lead? see http://www.housingwire.com/articles/37308-countrywides-mozilo-reportedly-off-the-hook-for-all-those-subprime-mortgages?eid=311685972&bid=1437193#.V2RJhpGUqsU.email Revenge is not the point. But justice is important. Mozilo was, in my opinion, just a bag man for the mega banks, making…[...]

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Tags: Angelo Mozilo, Bush, countrywide, disclosure, fraud, Obama, securitization
Posted in Uncategorized |