Feb
07
California, New York, Nevada, Florida? and Massachusetts Among Fraudclosure Deal Holdouts
States With Highest Foreclosure Rates Among Bank Deal Holdouts Feb. 7 (Bloomberg) — California, New York, Nevada, Florida and Massachusetts are among the handful of states that haven’t signed a deal with banks over foreclosure abuses, according to state officials and two people familiar with the talks. The holdouts include some with the highest rates … Read more
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Feb
07
Oregon Department of Justice | Frequently Asked Questions About The Multistate Settlement
Oregon Department of Justice | Frequently Asked Questions About The Multistate Settlement Who are the parties to this settlement? What does the multistate settlement do? Some people are saying there hasn’t been a full investigation. How do we know this isn’t a quick “out” for the banks? Why aren’t you pursuing a criminal investigation of … Read more
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- Adam Levitin | The Multistate Foreclosure Settlement
- Holy Fraudclosure! | Cantwell to Justice Department: Fully Investigate Fraudulent Foreclosures before Bank Settlement
- $116,785 Each | Department of Justice Announces Compensation for Servicemembers that were Illegally Foreclosed as Part of Settlement with Bank of America
Feb
07
Delaware Officials Wrestle Over Foreclosure Fraud Deal
Delaware officials wrestle over mortgage deal (Reuters) – Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state’s banking commissioner seen by Reuters on Tuesday. In a sign of internal strife as holdout states decide … Read more
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- Fraudclosure | Beau Biden, Delaware AG, Moves To Join Bank Of America Mortgage Deal, Signaling Concerns
- D D D Delaware – Attorney General Biden Calls on Three Banks to Halt Delaware Foreclosures
- State of Delaware v. MERSCORP Inc. Press Release | Biden: Private National Mortgage Registry Violates Delaware Law
Feb
07
Fraud Digest | DocX, LLC., a Subsidiary of Lender Processing Services (“LPS”) & Lorraine O. Brown Indicted on Criminal Forgery Charges
Action Date: February 7, 2012 Location: Boone Country, MO DocX, LLC, a mortgage document company and a subsidiary of Lender Processing Services (“LPS”) in Jacksonville, Florida, was indicted on February 6, 2012, by a grand jury in Boone County, Missouri. Lorraine O’Reilly Brown, a former Senior Vice President of Lender Processing Services, and the founder … Read more
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Feb
07
Action Alert | Call to Oppose HB 213 The Florida (un)Fair Foreclosure Act Up For Vote Tomorrow
This is a call out to everyone who reads this site in Florida or not. Please take a minute to call AND email the reps voting on this bill tomorrow Wednesday Feb 8 2012. Emails Dorothy.Hukill@myfloridahouse.gov, Peter.Nehr@myfloridahouse.gov, Geraldine.Thompson@myfloridahouse.gov, Frank.Artiles@myfloridahouse.gov, Jim.Boyd@myfloridahouse.gov, Brad.Drake@myfloridahouse.gov, Joseph.Gibbons@myfloridahouse.gov, Doug.Holder@myfloridahouse.gov, Mike.Horner@myfloridahouse.gov, Evan.Jenne@myfloridahouse.gov, Bryan.Nelson@myfloridahouse.gov, Jeanette.Nunez@myfloridahouse.gov, Steven.Perman@myfloridahouse.gov, Ronald.Renuart@myfloridahouse.gov, Kenneth.Roberson@myfloridahouse.gov, Irving.Slosberg@myfloridahouse.gov, James.Waldman@myfloridahouse.gov, Ritch.Workman@myfloridahouse.govEconomic … Read more
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- Action Alert | Call the FL House Civil Justice Committee to Oppose the Florida (un)Fair Foreclosure Act Now HB213!
- Letter to FL House Members from FL Resident of Over 33 Years RE Passidomo’s (un)Fair Foreclosure Act
- Action Alert | Kathleen Passidomo is in the Final Stages of Drafting the Florida (un)Fair Foreclosure Act
Feb
07
Daniel Fisher, Forbes Staff | The Primary Cause of The Financial Crisis “Borrowers not paying their mortgages”
Mortgage Settlement Talks Look Like Tobacco II First he starts out with… Stop me if you’ve heard this one before: Politically ambitious state attorneys general target an unpopular industry with lawsuits based on creative legal theories that would stand a tough time in court. Their sheer legal might brings the other side to the negotiating … Read more
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Feb
07
Daniel Fisher, Forbes Staff | The Primary Cause of The Financial Crisis “Borrowers not paying their mortgages”
Mortgage Settlement Talks Look Like Tobacco II First he starts out with… Stop me if you’ve heard this one before: Politically ambitious state attorneys general target an unpopular industry with lawsuits based on creative legal theories that would stand a tough time in court. Their sheer legal might brings the other side to the negotiating … Read more
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Feb
07
Attorney General Koster announces 136-count criminal indictments related to robo-signing in mortgage industry
February 6, 2012 Attorney General Koster announces 136-count criminal indictments related to robo-signing in mortgage industry –Boone County grand jury indicts Georgia corporation and its president for practices highlighted in 60 Minutes report – Jefferson City, Mo. – Attorney General Chris Koster today announced that a Boone County grand jury has handed down 136-count indictments … Read more
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- FRAUDCLOSURE | OFFICE OF THE ATTORNEY GENERAL (NOT PAM BONDI) ANNOUNCES INDICTMENT IN MASSIVE ROBO-SIGNING SCHEME
- Lender Processing Services (LPS) Responds to Nevada Attorney General Criminal Indictments
- Nevada Attorney General Masto Files 606 Count Criminal Indictment Against Two Lender Processing Services Officers
Feb
07
Foreclosure Crimes | STATE OF MISSOURI v. DOCX, LLC (Lender Processing Services)
For more on this sthe report from the NY Times here… ~ 4closureFraud.org TweetRelated posts: LPS Complaint | State of Nevada vs Lender Processing Services, Fidelity National, DOCX KABABABOOOOM! | Lender Processing Services’ DOCX, Lorraine O. Brown, Indicted on Criminal Forgery Charges STATE OF NEVADA vs. LENDER PROCESSING SERVICES | Lender Processing Services, Inc. (LPS) … Read more
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- LPS Complaint | State of Nevada vs Lender Processing Services, Fidelity National, DOCX
- KABABABOOOOM! | Lender Processing Services’ DOCX, Lorraine O. Brown, Indicted on Criminal Forgery Charges
- STATE OF NEVADA vs. LENDER PROCESSING SERVICES | Lender Processing Services, Inc. (LPS) Files Motion to Dismiss Nevada Attorney General Complaint
Feb
07
KABABABOOOOM! | Lender Processing Services’ DOCX, Lorraine O. Brown, Indicted on Criminal Forgery Charges
Now that’s what I’m talkin bout! This just in from our friend Gretchen at the NY Times… ~ Company Faces Forgery Charges in Mo. Foreclosures One of the largest companies that provided home foreclosure services to lenders across the nation, DocX, has been indicted on forgery charges by a Missouri grand jury — one of … Read more
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Feb
07
KABABABOOOOM! | Lender Processing Services’ DOCX, Lorraine O. Brown, Indicted on Criminal Forgery Charges
Now that’s what I’m talkin bout! This just in from our friend Gretchen at the NY Times… ~ Company Faces Forgery Charges in Mo. Foreclosures One of the largest companies that provided home foreclosure services to lenders across the nation, DocX, has been indicted on forgery charges by a Missouri grand jury — one of … Read more
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- LPS | Lender Processing Services’ 10K Lists DOCX as Subsidiary as of January 31, 2011
- Nevada Attorney General Masto Files 606 Count Criminal Indictment Against Two Lender Processing Services Officers
- Pot Meet Kettle | American Home Mortgage Servicing, Inc. Files Lawsuit – Seeks Recovery from Lender Processing Services, Inc. and DocX, LLC
Feb
06
Fraudclosure Fail | More than 40 States Agree to Settlement Over Foreclosure Fraud Abuses
More than 40 states agree to settlement over foreclosure abuses WASHINGTON – More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses. The deal would force the five largest mortgage lenders to reduce loans for about 1 million households. And the remaining holdouts could sign onto a deal in the coming … Read more
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Feb
06
David Carter Found Dead In Foreclosed Home As Many As Four Years After Suicide (VIDEO)
David Carter Found Dead In Foreclosed Home As Many As Four Years After Suicide (VIDEO) Abandoned homes have become an increasingly common sight amidst a national foreclosure crisis. Yet what may lurk forgotten behind closed doors may be much worse than nothing at all. A Milwaukee real estate agent entered one such house last month … Read more
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Feb
06
MERS Speak | Setting the Record Straight – MERSCORP’s Response to Some of Attorney General Schneiderman’s Claims
Setting the Record Straight: MERSCORP’s Response to Some of Attorney General Schneiderman’s Claims FOR IMMEDIATE RELEASE CONTACTS: Janis L. Smith 703-738-0230 janiss@mersinc.org Karmela Lejarde 703-761-1274 karmelal@mersinc.org Mortgage Electronic Registration Systems, Inc. (MERS) takes its role as a mortgagee very seriously. The MERS® System is an important part of the mortgage industry and the MERS business … Read more
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Feb
06
US Foreclosure Settlement Talks Face Setbacks, Again, Banks Balk at NY Suit
US mortgage settlement talks face setbacks, again * State AGs faced Monday deadline to join mortgage deal * Many states say won’t comment about their participation * Deal faces another setback after banks balk at NY suit * California angling for more control over relief By Aruna Viswanatha and Karen Freifeld Feb 6 (Reuters) – … Read more
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Feb
06
Nevada’s Masto Won’t Decide Today on Foreclosure Fraud Accord
Nevada’s Masto Won’t Decide Today on Foreclosure Accord Nevada Attorney General Catherine Cortez Masto won’t decide by today whether to join a nationwide settlement with banks over foreclosure practices, a spokeswoman said. A deadline for joining the accord was today. Masto’s office is “still reviewing the terms” of a proposed nationwide settlement over bank foreclosure … Read more
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Feb
06
Dylan Ratigan & Beau Biden | State AG and Federal Government Stand-Off Over Big Banks (VIDEO)
Delaware Attorney General Beau Biden joins MSNBC’s Dylan Ratigan to discuss his refusal to sign the government’s 25-billion dollar settlement against ‘fraudclosure’ at the banks. ~ 4closureFraud.org TweetRelated posts: Dylan Ratigan | Beau Biden on his Fight to Investigage the Banks Dylan Ratigan | Delaware AG Beau Biden: Fighting Fraudclosure Dylan Ratigan | Fixing America’s … Read more
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Feb
06
Meet the Obscure Federal Regulator Who’s Not Helping Homeowners
Meet the Obscure Federal Regulator Who’s Not Helping Homeowners by Cora Currier ProPublica Answers to homeowners’ questions about the Independent Foreclosure Review.The administration’s website for the foreclosure prevention program. Provides an FAQ, homeowner examples, and other tools to see whether you might qualify for the program.A list of HUD-approved housing counseling agencies nationwide.Tips for homeowners … Read more
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- Federal Housing Finance Agency Office of Inspector General Semiannual Report to the Congress – Housing Regulator Failed to Stop Fannie, Freddie Mortgage Issues
- Senator Robert Casey Demands Answers from Freddie Mac’s Regulator
- Fannie and Freddie’s Regulator Opposes Making Mortgage Giants Subject to FOIA
Feb
06
Abigail Field | No, the Latest Bailed-Out Bank Giveaway Won’t Help Housing
No, the Latest Bailed-Out Bank Giveaway Won’t Help Housing It’s incredibly important that you–voters–understand that you are being lied to right now by your Federal Government and Team Obama. Today a still secret deal will be announced and signed by the Bailed-Out Banks (B.O.B.s), our Federal Government, and an unknown but probably tragically high number … Read more
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Feb
06
The Settlement Would Require Massachusetts, Nevada and Arizona, Which Have Sued Banks Involved in the Talks, to Settle those Cases
“The settlement, meanwhile, would also require Massachusetts, Nevada and Arizona, which have sued banks involved in the talks, to settle those cases, one of the people said. Nevada and Arizona each sued Charlotte, North Carolina-based Bank of America over mortgage-servicing practices, accusing it of misleading consumers, while Massachusetts sued all five banks that are part … Read more
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- Settlement FAIL | Banks Get Edge in Talks on Foreclosure Penalties as Feds Settle
- Here We Go Again | Banks, SEC in Talks to “Settle” Fraud Allegations Relating to the Sale of Toxic Mortgage Bonds
- Florida AG Pam Bondi Interested in Alternative Settlement with Banks that Does NOT Require Servicers to Pay Fines
Feb
06
David Dayen | CA AG Harris Could Enter Foreclosure Fraud Settlement Late
CA AG Harris Could Enter Foreclosure Fraud Settlement Late I want to circle back to today’s New York Times story on the looming foreclosure fraud settlement. With the return to talks of New York and California (though I don’t really think they were ever all that far away), we can infer that pretty much every … Read more
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Feb
06
Conyers Encourages Michigan Attorney General to Reject Flawed Nationwide Mortgage Settlement
Conyers Encourages Michigan Attorney General to Reject Flawed Nationwide Mortgage Settlement (WASHINGTON) – Today, Representative John Conyers, Jr. (D-MI) sent a letter to Michigan Attorney General Bill Schutte encouraging him to reject a proposed nationwide settlement between state attorneys general and the Nation’s five largest banks concerning possible fraudulent mortgage origination and servicing practices detrimental … Read more
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- Par for the Course | Floriduh Attorney General, Pam Bondi, Bashes States that Rejected Nationwide Foreclosure Settlement
- Press Release | Nadler and NY Delegation Assail Iowa Attorney General for Excluding NY Attorney General from Mortgage Settlement Talks
- Michigan – Conyers and Kilpatrick Demand Lenders Extend Housing Foreclosure Moratorium to Michigan; No More Foreclosures Until Fraudulent Paperwork is Resolved
Feb
06
Question of the Week | Washington State AG Rob McKenna Explains Why He Supports the AG Settlement (VIDEO)
Rob answers a Question of the Week on the multi-state investigation of loan servicers: “There’s a big multi-state lawsuit against banks and loan servicers regarding mortgages and some states have pulled out of those negotiations. Why hasn’t Washington state?” To submit your own question, go to www.robmckenna.org/askrob ~ 4closureFraud.org TweetRelated posts: Correspondence with Washington Attorney … Read more
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- Correspondence with Washington Attorney General Rob McKenna Staff RE Multistate Fraudclosure Settlement
- KABOOM | Washington State AG McKenna Sues Recontrust in State of Washington v Recontrust
- Another Settlement Fail | FDIC Reaches $64 Million Settlement with 3 Former Washington Mutual Executives, Kinda…
Feb
06
In South Florida, Occupy Movement Targets Housing Crisis
In South Florida, Occupy movement targets housing crisis After months of noisy protests and public-space encampments, South Florida’s Occupy movement has quietly shifted its focus to “occupying” houses to support homeowners caught in the foreclosure crisis. The initiative represents a new tactic for Occupy groups in Fort Lauderdale, Palm Beach County and Miami that in … Read more
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Feb
06
Abigail Field | Seeing Through Team Obama’s False Talking Points On the Latest Bank Giveaway
~ Seeing Through Team Obama’s False Talking Points On the Latest Bank Giveaway It’s incredibly important that you–voters–understand that you are being lied to right now by your Federal Government and Team Obama. Tomorrow a still secret deal will be announced and signed by the Bailed-Out Banks (B.O.B.s), our Federal Government, and an unknown but … Read more
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Feb
06
Naked Capitalism | More on the Role of Second Liens and the Mortgage Settlement as Stealth Bank Bailout
More on the Role of Second Liens and the Mortgage Settlement as Stealth Bank Bailout Readers who missed the post over the weekend entitled “Schneiderman MERS Suit and HUD’s Donovan Remarks Confirm That Mortgage “Settlement” is a Stealth Bank Bailout” are advised to read it first, since it provides important background and context for this … Read more
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- Naked Capitalism | Mortgage Settlement Term Sheet: Bailout as Reward for Institutionalized Fraud
- Naked Capitalism | Banks Win Again: Weak Mortgage Settlement Proposal Undermined by Phony Consent Decrees
- Naked Capitalism | Is Schneiderman Selling Out? Joins Federal Committee That Looks Designed to Undermine AGs Against Mortgage Settlement Deal
Feb
06
David Dayen | HUD Secretary Expects “Substantial” Payment of Foreclosure Fraud Settlement with MBS Investor Money
HUD Secretary Expects “Substantial” Payment of Foreclosure Fraud Settlement with MBS Investor Money Housing and Urban Development Secretary Shaun Donovan mostly confirmed that private-label mortgage-backed securities investors, not banks or servicers, will end up shouldering the cost of much of the imminent foreclosure fraud settlement despite the risk of litigation from investors who are likely … Read more
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- David Dayen | The Schneiderman Gambit: Financial Fraud Unit Appears Designed to Fail, and Grease Skids for Foreclosure Fraud Settlement
- David Dayen | Consequential Monday Foreclosure Fraud Meeting Less than Consequential
- David Dayen | IG Report Whitewashes Firing of Foreclosure Fraud Investigators in Florida
Feb
06
Abigail Field | Will The Attorneys General Sell Out Pension Funds?
Will The Attorneys General Sell Out Pension Funds? A shocking aspect of the proposed foreclosure fraud settlement among Bailed-Out Banks, the state attorneys general, and the Feds has rightly gotten a lot of attention, namely the Bailed-Out Banks’ ability to use other people’s money to pay their “penalty.” I confess, when I first heard about … Read more
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Feb
06
Kathleen Passidomo | RE HB 213 The Florida (un)Fair Foreclosure Act “The reality is the borrower borrowed something from someone, and didn’t pay his debt”
“The fact is foreclosure will happen anyway, no matter who holds the note, Passidomo said. The reality is the borrower borrowed something from someone, and didn’t pay his debt, she said.” ~ Florida bill seeks to hasten foreclosures Critics are opposing a bill they claim introduces nonjudicial foreclosures to Florida, favors banks and threatens homeowners’ … Read more
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