Jan
31
Fla. AG Pam Bondi urged to get tough on foreclosure deal
Fla. AG urged to get tough on foreclosure deal TALLAHASSEE, Fla. — Religious and community groups urged Attorney General Pam Bondi on Monday to take a tougher stance on a proposed settlement with the nation’s five largest mortgage lenders over deceptive foreclosure practices. A pair of ministers and an evicted former homeowner delivered a letter … Read more
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Jan
30
Bloomberg | Proposed 50-State Fraudclosure Accord Deadline Set for Feb. 3
Proposed 50-State Foreclosure Accord Deadline Set for Feb. 3 State attorneys general have until Feb. 3 to decide whether to sign a proposed nationwide settlement of foreclosure wrongdoing with banks including JPMorgan Chase & Co. (JPM) and Citigroup Inc. (C) that may total as much as $25 billion. State and federal officials have been negotiating … Read more
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Jan
30
What can we expect from new DOJ/SEC/state AG task force on MBS?
What can we expect from new DOJ/SEC/state AG task force on MBS? The benefits of creating an umbrella task force to oversee investigations already underway by state and federal regulators aren’t clear to me from the task force’s announcements. There will apparently be additional resources dedicated to MBS fraud. Holder said that there are now … Read more
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Jan
30
Bill Moyers | How Power and Influence Helped Big Banks Rewrite the Rules of Our Economy (VIDEO)
Do yourself a favor and witch this instead of American Idol this week… Big banks are rewriting the rules of our economy to the exclusive benefit of their own bottom line. But how did our political and financial class shift the benefits of the economy to the very top, while saddling us with greater debt … Read more
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Jan
30
Abigail Field | What a Strong Servicer Settlement Looks Like
What a Strong Servicer Settlement Looks Like by Abigail Field Many–including me–have attacked the idea of a multistate and federal settlement with the biggest bailed out banks (wearing their mortgage servicing hats) on the grounds that it’s wrong to settle something that hasn’t been thoroughly investigated. We’ve also objected by pointing out the numbers on … Read more
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Jan
27
Occupy Palm Beach Foreclosure Fraud Teach-In Sunday Jan 29 1-3pm
Sunday, Jan. 29, 1-3 p.m. Teach-In on Foreclosure Fraud Thousands of homeowners throughout Palm Beach County, and many more throughout the country, are being foreclosed on, even evicted, often through the greed and fraud of the big banks, law firms and mortgage companies that crashed our nation’s economy in 2008. But the 99% are fighting … Read more
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Jan
27
California Spurns $15bn in Mortgage Aid from Robo-signing Settlement
California spurns $15bn in mortgage aid By Shahien Nasiripour in Washington California, home to the largest US property market, spurned an offer of roughly $15bn in lower monthly mortgage payments and reduced loan balances for its residents in talks to settle allegations of mortgage-related misdeeds by leading US banks. Bank of America had guaranteed California … Read more
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Jan
27
CREDO | Update on our campaign to send Wall Street bankers to jail
Update on our campaign to send Wall Street bankers to jail. After months of activism from people like you, President Obama announced in his State of the Union speech the creation of a new task force to investigate and hold banks accountable for causing the foreclosure crisis and financial meltdown. The task force will have … Read more
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Jan
27
Forced Placed Insurance | Elderly Couple Facing Foreclosure Claims JPMorgan Took Payments for Principal and Interest and Applied it Toward Insurance
Baird couple facing foreclosure claims house payments wrongly uncredited to mortage loan It’s been enough to make Virginia Tollett sick with worry. “If we hadn’t went and got an attorney, they would have auctioned our house on the courthouse lawn,” said Tollett, 72, her voice rising. “They would have sold our house.” Tollett and her … Read more
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- New Tactic for Forced Placed Insurance? Allstate Cancels Homeowner’s Insurance Policy Because of Nearby Abandoned Property
- Forced Placed Insurance | Big Banks Face Inquiry Over Home Insurance
- Bank of America at it AGAIN! Central Florida Couple Faces Foreclosure Despite Having Proof That All Mortgage Payments Were Made
Jan
26
Naked Capitalism | Yes, Virginia, Servicers Lie to Investors Too: $175 Billion in Loan Losses Not Allocated to Mortgage Backed Securities (and Another $300 Billion on the Way)
Yes, Virginia, Servicers Lie to Investors Too: $175 Billion in Loan Losses Not Allocated to Mortgage Backed Securities (and Another $300 Billion on the Way) The structured credit analytics/research firm R&R Consulting released a bombshell today, and it strongly suggests that prevailing prices on non-GSE (non Freddie and Fannie) residential mortgage backed securities, which are … Read more
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Jan
26
Matt Taibbi | Is Obama’s ‘Economic Populism’ for Real?
Is Obama’s ‘Economic Populism’ for Real? My first thought, when I heard about this deal, was that Schneiderman was deciding to compromise on robosigning and other post-securitization abuses, in exchange for a mandate to go after the much bigger crimes, which took place in the origination/securitization stages. The securitization offenses were massive criminal conspiracies, identically … Read more
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Jan
26
SIGTARP Report | The Special Master’s Determinations for Executive Compensation of Companies Receiving Exceptional Assistance Under TARP
Summary When Congress created the Troubled Asset Relief Program (“TARP”) in 2008, it included some limits on compensation for employees at companies that received TARP assistance. After several major TARP recipients paid employees billions of dollars in bonuses for 2008, the President, the U.S. Department of the Treasury (“Treasury”), and Congress expressed frustration. The President … Read more
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- Report | Federal Housing Finance Agency’s Oversight of Fannie Mae’s and Freddie Mac’s Executive Compensation Programs
- SIGTARP Report | Extraordinary Financial Assistance Provided to Citigroup, Inc.
- The Subtle Nationalization of the Banks and Housing Market – How the Taxpayers Support the Banks through Pseudo Nationalization – We Own the Financial Junk and the Banks Collect the Profits – The Stunning SIGTARP Report
Jan
26
Cummings Calls for Testimony and Documents from Mortgage Bank CEOs
Cummings Calls for Testimony and Documents from Mortgage Bank CEOs Letter Documents Committee’s Effort to Protect Banks While Attacking New Consumer Protection Agency Washington, DC (Jan. 23, 2012) – Today, Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent a letter to Chairman Darrell Issa renewing his requests … Read more
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Jan
25
AUDIO | California’s Attorney General Kamala Harris on Fraudclosure Settlement
Click to play. This week, attorneys general across the country are reviewing a multi-billion dollar settlement proposal for five of the nation’s biggest mortgage servicers over their role in the housing crisis. California Attorney General Kamala Harris has expressed doubts about the deal, arguing banks shouldn’t be protected from claims that haven’t been investigated. Harris … Read more
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- KABOOM | Attorney General Kamala D. Harris Subpoenas Lender Processing Services (LPS) in Wide-Ranging Probe of Mortgage and Fraudclosure Practices
- CA Attorney General Kamala D. Harris Announces Creation of Mortgage Fraud Strike Force to Protect Homeowners
- Press Advisory | May 23: CA Attorney General Kamala D. Harris Announces Major Initiative to Protect Homeowners from Mortgage Fraud
Jan
25
AUDIO | California’s Attorney General Kamala Harris on Fraudclosure Settlement
Click to play. This week, attorneys general across the country are reviewing a multi-billion dollar settlement proposal for five of the nation’s biggest mortgage servicers over their role in the housing crisis. California Attorney General Kamala Harris has expressed doubts about the deal, arguing banks shouldn’t be protected from claims that haven’t been investigated. Harris … Read more
Related posts:
- KABOOM | Attorney General Kamala D. Harris Subpoenas Lender Processing Services (LPS) in Wide-Ranging Probe of Mortgage and Fraudclosure Practices
- CA Attorney General Kamala D. Harris Announces Creation of Mortgage Fraud Strike Force to Protect Homeowners
- Press Advisory | May 23: CA Attorney General Kamala D. Harris Announces Major Initiative to Protect Homeowners from Mortgage Fraud
Jan
25
Naked Capitalism | Is Schneiderman Selling Out? Joins Federal Committee That Looks Designed to Undermine AGs Against Mortgage Settlement Deal
Is Schneiderman Selling Out? Joins Federal Committee That Looks Designed to Undermine AGs Against Mortgage Settlement Deal It’s clear what the Administration is getting from getting Schneiderman aligned with them. It is much less clear why Schneiderman is signing up. He can investigate and prosecute NOW. He has subpoena powers, staff, and the Martin Act. … Read more
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- Naked Capitalism | Banks Win Again: Weak Mortgage Settlement Proposal Undermined by Phony Consent Decrees
- David Dayen | The Schneiderman Gambit: Financial Fraud Unit Appears Designed to Fail, and Grease Skids for Foreclosure Fraud Settlement
- Naked Capitalism | Mortgage Settlement Term Sheet: Bailout as Reward for Institutionalized Fraud
Jan
24
Tim Thomas | Boston Bruins Goaltender Releases Statement Explaining Absence From Obama Meeting “I believe the Federal government has grown out of control, threatening the Rights, Liberties, and Property of the People.”
While his colleagues from the Boston Bruins were visiting the White House earlier today, goaltender Tim Thomas was absent. Here is his personal explanation for why he did what he did. We can only hope more role-models follow in his footsteps. Thomas statement on White House absence (via the NHL) “I believe the Federal government … Read more
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Jan
24
Lecture | How to Fix the Housing Crisis | Douglas E. French
This is worth watching in full. This guy must read 4closureFraud.org Archived from the live Mises.tv broadcast, this lecture was presented by Doug French at the Mises Circle in Houston on 14 January 2012. ~ 4closureFraud.org Tweet Related posts: Mark Stopa | Hon W. Douglas Baird – Another Motion to Disqualify Judge… For Lying? Fascinating … Read more
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Jan
23
Action Alert | Call the White House right now and tell them to launch a full investigation into Wall Street
BREAKING NEWS: It’s the eleventh hour and the White House is about to strike a deal with big banks. President Obama wants to be able to point to a big bank foreclosure settlement in Tuesday’s State of the Union as a measure of progress towards more Wall Street accountability. But the deal on the table … Read more
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Jan
23
Naked Capitalism | Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement”
Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement” The story did not outline terms, but previous leaks have indicated that the bulk of the supposed settlement would come not in actual monies paid by the banks (the cash portion has been rumored at under $5 billion) but in credits … Read more
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- Naked Capitalism | Banks Win Again: Weak Mortgage Settlement Proposal Undermined by Phony Consent Decrees
- Naked Capitalism | Mortgage Settlement Term Sheet: Bailout as Reward for Institutionalized Fraud
- Naked Capitalism | Obama Pressing for a “Shock and Awe” Mortgage Mod Program, 3 Million in 6 Months
Jan
21
Matt Weidner | A Letter – My Dear Fellow Attorneys:
My Dear Fellow Attorneys: I have spent this week, the week we celebrate Martin Luther King Jr and his accomplishments during the civil rights movement, thinking about the very real parallels between that tumultuous time and where we are today in this country. Especially today, when I serving a sentence in a jail of sorts, … Read more
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Jan
20
Abigail Field | Hey Californians, Make Sure Your AG Keeps Standing Up for You
Hey Californians, Make Sure Your AG Keeps Standing Up for You By Abigail Caplovitz Field | Dear Californians (and everyone else too): Shortly after the State of the Union speech next week, Team Obama wants to announce a deal with the big banks, and he wants you to think it’s a good deal. The banks … Read more
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Jan
20
Sheila Bair | Why it’s time to break up the ‘too big to fail’ banks
Why it’s time to break up the ‘too big to fail’ banks Customers would benefit, the U.S. government would benefit, and – believe it or not – the big banks themselves would do better. FORTUNE — America is downsizing. Whether it’s the food we eat, the cars we drive, or the houses we live in, … Read more
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Jan
19
Deutsche Bank Analyst Sounded Alarm When Asked to Alter Numbers RE Mortgage-Backed Securities
Deutsche Analyst Sounded Alarm When Asked to Alter Numbers by Carrick Mollenkamp, Special to ProPublica At a time when mortgage-backed securities were imploding and customers were fleeing the market, a junior analyst at Deutsche Bank AG protested when he was asked to alter the numbers in a spreadsheet to make a Deutsche security look less … Read more
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Jan
18
JOHN L. O’BRIEN, JR. Register of Deeds Calls for Criminal Action Against the Big Banks, Says they acted like “criminal enterprise”
NEWS FOR IMMEDIATE RELEASE Salem, MA January 18th, 2012 Contact: Kevin Harvey 1st Assistant Register 978-542-1724 kevin.harvey@sec.state.ma.us O’Brien calls for criminal action against the Big Banks Says they acted like “criminal enterprise” Saying that the time has come for a full scale criminal investigation, Southern Essex District Register of Deeds John O’Brien, today has sent … Read more
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- Press Release | MA Register of Deeds John O’Brien “MERS & Banks may have added fraud to the repertoire of services they offer”
- Open Letter to Jeff Thigpen, Guilford County, NC Register of Deeds and John O’Brien, Southern Essex County, Massachusetts Register of Deeds
- John O’Brien, Southern Essex District Register of Deeds in Salem, Massachusetts extends an invitation to banks and all attorney generals to visit his registry
Jan
17
Press Release | Occupy Atlanta Rescues a Church at the 11th Hour of Fraudclosure
Occupy Atlanta and HGEC Strike a Win for the 99% This is how it’s done People! ~ Last week’s release here. After helping prevent the foreclosure of an Iraq War veteran’s Clayton County home, Occupy Atlanta has focused its efforts by occupying the Higher Ground Empowerment Center, an historic church in Vine City that could … Read more
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Jan
17
Homejacked | Squatters Take Over Home, Homeowner Can’t Get Em Out, Cops Say It’s a Civil Matter
Medina said Bakersfield police officers came to the home, but they couldn’t kick the family out. “Unless we can prove that the proclaimed renter knew that the situation was fraudulent from the very beginning, our hands are tied. It’s a civil situation,” said Sgt. Mary DeGeare, Bakersfield Police Department. ~ 4closureFraud.org Tweet Related posts: Adverse … Read more
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Jan
13
The Young Turks | Media Watch: Telling the Truth isn’t ‘Vigilante’ Reporting
“New York Times” public editor Arthur Brisbane asks for reader input on when news reporters should challenge or question in their articles quotes they know to be false. “When should you challenge it? How about every freaking time! What do you think your job is? Do you think you’re a stenographer? Oh, Politician X said … Read more
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Jan
13
The Quiet Man… Utah Attorney Walter Keane – A Mandelman Matters Podcast
Utah Attorney Walter Keane is the lawyer that filed four quiet title claims last year, which means he was seeking to obtain a court order granting clear title to the properties in question. And all four were granted by the Utah courts… four quieted titles to the four homes. And at least one of the homeowners subsequently sold his home and went on his very merry way. This month’s in Harper’s magazine, Christopher Ketcham wrote a feature story about Walter, among other things, titled: “STOP PAYMENT! A homeowners’ revolt against the banks.”
I got to know Chris Ketcham as he was writing the story for Harpers, and yes I was a bit concerned that Walter’s experience obtaining quiet title would be met with… well, I don’t know… problems of one sort or another… and sure enough the state appeals court ended up saying no way. Free houses are just few and far between, so what’s new? Maybe if Walter Keane was your average foreclosure defense attorney, the story would have ended there, but Walter is anything but average… in fact, he’s nothing if not interesting… fascinating even. So, the story is not over, far from it. In fact, he’s more fired up than ever to help homeowners battle the banks.
Walter Keane is a very knowledgable and experienced lawyer who is also an out-of-the-box thinker. I really enjoyed interviewing him on this podcast, and whether you’re a homeowner or foreclosure defense attorney, I think you’ll find him sincere, interesting, smart… and very entertaining. You can find out more about him at his firm’s Website: www.waltertkeane.com.
This podcast is divided into Part One and Part Two. Part One is all about the quiet title experience, but in Part Two the real fun begins. Click PLAY below for Part One… and then come back for Part Two when you’re ready.
He’s The Quiet Man… Utah Attorney Walter Keane…
a Mandelman Matters Podcast
PART 1:
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PART 2:
Mandelman out.
