Feb
03

NYT: Gingrich’s ties to Fannie Mae and Freddie Mac are deeper than you think

Uh oh.


Awfully thoughtful of the Times to toss this grenade in his lap just hours before Nevadans head out to caucus. Then again, what’s the worst that can happen? He loses by 30 points instead of 25? You know who this benefits? Once he became speaker in 1995, Mr. Gingrich’s support loomed large as the companies [...]

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Feb
03

A.G. SCHNEIDERMAN ANNOUNCES MAJOR LAWSUIT AGAINST NATION’S LARGEST BANKS FOR DECEPTIVE & FRAUDULENT USE OF ELECTRONIC MORTGAGE REGISTRY

A.G. SCHNEIDERMAN ANNOUNCES MAJOR LAWSUIT AGAINST NATION’S LARGEST BANKS FOR DECEPTIVE & FRAUDULENT USE OF ELECTRONIC MORTGAGE REGISTRY Complaint Charges Use Of MERS By Bank Of America, J.P. Morgan Chase, And Wells Fargo Resulted In Fraudulent Foreclosure Filings Servicers And MERS Filed Improper Foreclosure Actions Where Authority To Sue Was Questionable Schneiderman: MERS And Servicers … Read more No related posts.
Feb
01

Video: Obama releases new housing program

Buying votes?


We got a big hint of this new proposal from Barack Obama in last week’s State of the Union message, and now Obama has rolled out his proposal to accelerate mortgage refinancing to bolster the housing market. However, it has at least one poison pill that will make it nearly impossible to get Congress to [...]

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Jan
31

STATE OF NEVADA vs. LENDER PROCESSING SERVICES | Lender Processing Services, Inc. (LPS) Files Motion to Dismiss Nevada Attorney General Complaint

Lender Processing Services, Inc. (LPS) Files Motion to Dismiss Nevada Attorney General Complaint JACKSONVILLE, Fla., Jan. 31, 2012 /PRNewswire/ — Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data, and analytics to the mortgage and real estate industries, today responded to the civil complaint filed by the Nevada Attorney General against … Read more Related posts:
  1. Nevada Attorney General Masto Files 606 Count Criminal Indictment Against Two Lender Processing Services Officers
  2. LPS Complaint | State of Nevada vs Lender Processing Services, Fidelity National, DOCX
  3. Lender Processing Services (LPS) Responds to Nevada Attorney General Criminal Indictments
Jan
31

STATE OF NEVADA vs. LENDER PROCESSING SERVICES | Lender Processing Services, Inc. (LPS) Files Motion to Dismiss Nevada Attorney General Complaint

Lender Processing Services, Inc. (LPS) Files Motion to Dismiss Nevada Attorney General Complaint JACKSONVILLE, Fla., Jan. 31, 2012 /PRNewswire/ — Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data, and analytics to the mortgage and real estate industries, today responded to the civil complaint filed by the Nevada Attorney General against … Read more Related posts:
  1. Nevada Attorney General Masto Files 606 Count Criminal Indictment Against Two Lender Processing Services Officers
  2. LPS Complaint | State of Nevada vs Lender Processing Services, Fidelity National, DOCX
  3. Lender Processing Services (LPS) Responds to Nevada Attorney General Criminal Indictments
Jan
31

NY Times | Treasury Investigates Freddie Mac Investment

Treasury Investigates Freddie Mac Investment The Treasury Department is investigating a report that Freddie Mac, the mortgage giant, bet against homeowners’ ability to refinance their loans even as it was making it more difficult for them to do so, Jay Carney, a White House spokesman, said on Monday. The report came just as the Obama … Read more Related posts:
  1. Freddie Mac Seek $6 Billion of Treasury Aid After Executives Get Big Cash Bonuses (MILLIONS)
  2. NY Times | Banks Want Pieces of Fannie-Freddie Pie
  3. Fannie Mae Begs Treasury for $7.8 Billion MORE to Stay Afloat After HUGE Bonuses Given to Executives
Jan
31

NY Times | Treasury Investigates Freddie Mac Investment

Treasury Investigates Freddie Mac Investment The Treasury Department is investigating a report that Freddie Mac, the mortgage giant, bet against homeowners’ ability to refinance their loans even as it was making it more difficult for them to do so, Jay Carney, a White House spokesman, said on Monday. The report came just as the Obama … Read more Related posts:
  1. Freddie Mac Seek $6 Billion of Treasury Aid After Executives Get Big Cash Bonuses (MILLIONS)
  2. NY Times | Banks Want Pieces of Fannie-Freddie Pie
  3. Fannie Mae Begs Treasury for $7.8 Billion MORE to Stay Afloat After HUGE Bonuses Given to Executives
Jan
30

Press Release | 3rd Annual Rally in Tally National Foreclosure Awareness Day February 16, 2012

PRESS RELEASE CITIZENS RALLY IN TALLAHASSEE AGAINST FORECLOSURE FRAUD Mortgage Justice Group, ForeclosureHamlet and 4closureFraud join Awake the State, the Coalition of Occupy Foreclosure Working Groups movement, and other groups across the nation to rally at the capital in Tallahassee for the annual FORECLOSURE AWARENESS DAY RALLY on Feb. 16, 2012. The rally is to … Read more Related posts:
  1. Rally in Tally | National Foreclosure Awareness Day Febuary 16, 2012
  2. “Rally in Tally”- Lawyers for Homeowner’s Rights Rally in Tallahassee
  3. Fraudclosure | Second Annual RALLY IN TALLY! Participate! Get involved!
Jan
27

Bondi Calls Harris a Liar | Attorney General Champs, Chumps, and Eric Schneiderman

“Since AG Bondi has called AG Harris a liar over what the proposed settlement release of bailed out bank liability is, AG Bondi should release the text that’s on the table. Then we all can see who’s right.” ~ Attorney General Champs, Chumps, and Eric Schneiderman by Abigail Field A lot of news has broken … Read more Related posts:
  1. Kicked Out | Effective Immediately, New York Attorney General, Eric T. Schneiderman, has Been Removed from the Executive Committee of the Robosigning Multistate
  2. AUDIO | California’s Attorney General Kamala Harris on Fraudclosure Settlement
  3. Mortgage Electronic Registraton System (MERS) Subpoenaed by NY Attorney General Eric Schneiderman
Jan
26

Reuters | Old Mortgages Rise from the Dead, Haunt Homeowners

“This is an epic problem that the economy hasn’t even begun to digest,” said Florida foreclosure analyst Lisa Epstein. ~ Old mortgages rise from the dead, haunt homeowners (Reuters) – In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Topeka, Kansas. The couple wanted to take advantage of … Read more Related posts:
  1. More Zombie Debt | Deficiency Judgments for Unpaid Condo Fees and Unsatisfied Mortgages Come Back to Haunt Past Owners
  2. Fannie and Freddie’s Regulator Opposes Reducing Mortgages for Struggling Homeowners
  3. Bank of America Defrauded Homeowners About Tax Benefits of Mortgages, Says Lawsuit Filed by MIFSP
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 No related posts.
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 Related posts:
  1. Naked Capitalism | Banks Win Again: Weak Mortgage Settlement Proposal Undermined by Phony Consent Decrees
  2. David Dayen | The Schneiderman Gambit: Financial Fraud Unit Appears Designed to Fail, and Grease Skids for Foreclosure Fraud Settlement
  3. Naked Capitalism | Mortgage Settlement Term Sheet: Bailout as Reward for Institutionalized Fraud
Jan
20

Citizens United Anniversary | Citizens United v. FEC – What it Means for Democracy

The Supreme Court’s 2010 decision in Citizens United v FEC allows corporations to spend unlimited amounts of money directly from their treasuries buying ads supporting (or attacking) candidates for office. A quick summary of what that means and what it will take to overturn that decision. ~ 4closureFraud.org Tweet Related posts: Hacker Collective Anonymous Issues … Read more Related posts:
  1. Hacker Collective Anonymous Issues Open Letter To Citizens Of The United States
  2. Matt Weidner | The Bigger Picture, The Real Truth About What Foreclosure Means
  3. Daily Finance | What the Mortgage Mess Settlement Proposal Really Means
Jan
19

Ohio | Sen Brown to Feds: Don’t Let Wall Street Banks Use the Assets of Middle Class Ohioans to Pay the Penalty for Breaking the Law

Brown to Feds: Don’t Let Wall Street Banks Use the Assets of Middle Class Ohioans to Pay the Penalty for Breaking the Law As Big Banks Prepare to Settle Case on Mortgage and Foreclosure Fraud, Brown Urges Involved Parties to Reject Wall Street Plan to Allow Banks to Use the Assets of Hardworking Americans to … Read more Related posts:
  1. Tammy Baldwin WI Stands Up for Middle Class Homeowners, Tells Holder Consumers Must Have Path to Recover Losses
  2. Settlement FAIL | Banks Get Edge in Talks on Foreclosure Penalties as Feds Settle
  3. Arkansas | Hot Springs County Clerk Mayme Brown Sues Mortgage Electronic Registration System (MERS) Banks for Tax (Filing Fee) Evasion
Jan
18

Michigan | Kim v. JP Morgan Chase Bank – Family Fights Foreclosure, Beats Bank in Court (VIDEO)

Click through to view ~ 4closureFraud.org ~ Kim v JPMorgan Chase Tweet Related posts: Kim v. JP Morgan Chase Bank | Court Sets Aside Foreclosure Sale Where Assignee Of Mortgage Failed To Record Its Interest Prior To Sale Complaint | RICO Case Against JP Morgan/Chase – LINDA ZIMMERMAN V JPMORGAN CHASE BANK NA Case Unsealed … Read more Related posts:
  1. Kim v. JP Morgan Chase Bank | Court Sets Aside Foreclosure Sale Where Assignee Of Mortgage Failed To Record Its Interest Prior To Sale
  2. Complaint | RICO Case Against JP Morgan/Chase – LINDA ZIMMERMAN V JPMORGAN CHASE BANK NA
  3. Case Unsealed | IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Plaintiff, v. JPMORGAN CHASE & CO., JPMORGAN CHASE BANK, N.A., J.P. MORGAN SECURITIES LLC, and J.P. MORGAN SECURITIES LTD
Jan
18

“Living Wills” | FDIC Board Approves Final Rule Requiring Resolution Plans for Insured Depository Institutions Over $50 Billion in the Event of the Institution’s Failure

FDIC Board Approves Final Rule Requiring Resolution Plans for Insured Depository Institutions Over $50 Billion The FDIC today approved a final rule requiring an insured depository institution with $50 billion or more in total assets to submit to the FDIC periodic contingency plans for resolution in the event of the institution’s failure. These resolution plans … Read more Related posts:
  1. MTD Denied | FDIC has to Face a $10 Billion Lawsuit Tied to the Failure of Washington Mutual Bank
  2. BAM! | FDIC OBJECTS TO BANK OF AMERICA’S $8.5 BILLION MORTGAGE SETTLEMENT
  3. F.D.I.C. Approves ‘Too Big to Fail’ Plan, Looks for Public Comments
Jan
18

Naked Capitalism | H.U.M.P. – Obama to Try Better Smoke and Mirrors to Address Housing Market Woes

Obama to Try Better Smoke and Mirrors to Address Housing Market Woes If I had Onion-level parody skills, I’d treat the latest story in The Hill on Team Obama’s latest housing headfake masquerading as an initiative by riffing on one of its planned new program. Call it HUMP, Homeowners Upward Mobility Program. In true Ministry … Read more Related posts:
  1. Naked Capitalism | Obama Pressing for a “Shock and Awe” Mortgage Mod Program, 3 Million in 6 Months
  2. Naked Capitalism | Corrupt Obama Administration Pressuring New York Attorney General to Support Mortgage Whitewash
  3. CNN Headliner | How to rescue the housing market: Foreclosures! Experts say it’s time to push delinquent borrowers through the foreclosure process
Jan
18

Dylan Ratigan | Fraudclosure – California’s Housing Horrors

~ 4closureFraud.org Tweet Related posts: Dylan Ratigan | Fraudclosure Whistleblowers Speak Out Dylan Ratigan | Delaware AG Beau Biden: Fighting Fraudclosure Fraudclosure – Marcy Kaptur on Dylan Ratigan, Inside the Country’s Mortgage Mess Related posts:
  1. Dylan Ratigan | Fraudclosure Whistleblowers Speak Out
  2. Dylan Ratigan | Delaware AG Beau Biden: Fighting Fraudclosure
  3. Fraudclosure – Marcy Kaptur on Dylan Ratigan, Inside the Country’s Mortgage Mess
Jan
13

Arizona | M & I vs. Mueller – Appellate Ruling Says Actual Occupancy of Home is Not Necessary, Bars Lenderr from Pursuing Deficiency Judgement

Court: Statute also protects would-be owner Appellate ruling says actual occupancy of home is not necessary A would-be homeowner has the same right to walk away from a mortgage as someone who already is living in the house, the Arizona Court of Appeals has ruled. The judges acknowledged that laws which bar lenders from pursuing … Read more Related posts:
  1. Florida 4th DCA Reverses Final Judgement Ruling – Elliott v. Aurora Loan Services
  2. Wells Fargo Home Occupancy Inspector Beats Homeowner With Sledge Hammer – Inspector Tells Beaten Man He Was His “Judge, Jury and Executioner” Claims Homeowner
  3. Despite Arizona Military Vet’s Proof of Loan Pay-Off, Bank of America Forecloses Anyway and Schedules Auction of His Home of 26 Years
Jan
05

Adam Levitin | The Restatement of Property and the Road to Mortgagocracy

Mortgage may not be enforced except by a person having the right to enforce the obligation or one acting on behalf of such a person…[including an agent or a trustee for the noteholder.] The trust or agency relationship may arise from the terms of the assignment, from a separate agreement, or from other circumstances. Courts … Read more Related posts:
  1. Adam Levitin | Ibanez and Securitization Fail
  2. Adam Levitin | The Loving and Merciful Act of Foreclosure
  3. Adam Levitin | The Multistate Foreclosure Settlement
Jan
02

Michael Olenick | Is Shadow Housing Inventory Vastly Larger Than Widely Believed?

Michael Olenick: Is Shadow Housing Inventory Vastly Larger Than Widely Believed? By Michael Olenick, founder and CEO of Legalprise, and creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick The turn of the year is the time to make predictions and projections. I’m … Read more Related posts:
  1. Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data
  2. Dig it! Dr. Housing Bubble’s “Shadow Inventory Amegeddon” is a very slick piece
  3. CoreLogic: Shadow Inventory Jumps More Than 10 Percent in One Year, Pushing Total Unsold Inventory to 6.3 Million Units
Jan
02

Michael Olenick | Is Shadow Housing Inventory Vastly Larger Than Widely Believed?

Michael Olenick: Is Shadow Housing Inventory Vastly Larger Than Widely Believed? By Michael Olenick, founder and CEO of Legalprise, and creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick The turn of the year is the time to make predictions and projections. I’m … Read more Related posts:
  1. Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data
  2. Dig it! Dr. Housing Bubble’s “Shadow Inventory Amegeddon” is a very slick piece
  3. CoreLogic: Shadow Inventory Jumps More Than 10 Percent in One Year, Pushing Total Unsold Inventory to 6.3 Million Units
Dec
29

Legislation | Let’s Fix The Fraudclosure Mess

The Market Ticker – Let’s Fix The Fraudclosure Mess Here it is folks…. let’s push this as a singular piece of legislation that we want introduced and passed nationally on a state-by-state basis this coming year. The Legislature finds that: The practice of failure to accurately record the real parties at interest in mortgages and … Read more Related posts:
  1. National Fraudclosure Legislation Introduced | Foreclosure Fraud and Homeowner Abuse Prevention Act
  2. Hurry Up! Monthly Foreclosures Need to Double from April’s Record Pace to Clear the Distressed Pipeline – Lets Get Those Deadbeats OUT!
  3. Fraudclosure – Marcy Kaptur on Dylan Ratigan, Inside the Country’s Mortgage Mess
Dec
28

Michael Olenick: The Coming of the Light

Michael Olenick: The Coming of the Light We closed down crooked foreclosure processing companies, exposed crooked bankers, and now even identified a crooked (or at least grossly incompetent) senior US government official or two. We’ve watched them twist the law, the financial markets, and their own humanity into some unrecognizable nightmare form, and now and … Read more Related posts:
  1. Foreclosuregate – Our Friend and Colleague Michael Olenick of Legalprise on Dylan Ratigan
  2. Michael Olenick: The Administration Likes Foxes in Charge of Henhouses – Proof that OCC Foreclosure Reviews Are a Sham
  3. Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data
Dec
22

Michael Olenick: The Administration Likes Foxes in Charge of Henhouses – Proof that OCC Foreclosure Reviews Are a Sham

Michael Olenick: The Administration Likes Foxes in Charge of Henhouses – Proof that OCC Foreclosure Reviews Are a Sham By Michael Olenick, founder and CEO of Legalprise, and creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha) “There Goes the Neighborhood,” which ran on 60 Minutes last Sunday, is a must-see … Read more Related posts:
  1. Foxes Guarding the Hen House | Analysis: Bank-Picked Experts Take On U.S. Fraudclosure Reviews
  2. Foreclosuregate – Our Friend and Colleague Michael Olenick of Legalprise on Dylan Ratigan
  3. Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data
Dec
22

Michael Olenick: The Administration Likes Foxes in Charge of Henhouses – Proof that OCC Foreclosure Reviews Are a Sham

Michael Olenick: The Administration Likes Foxes in Charge of Henhouses – Proof that OCC Foreclosure Reviews Are a Sham By Michael Olenick, founder and CEO of Legalprise, and creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha) “There Goes the Neighborhood,” which ran on 60 Minutes last Sunday, is a must-see … Read more Related posts:
  1. Foxes Guarding the Hen House | Analysis: Bank-Picked Experts Take On U.S. Fraudclosure Reviews
  2. Foreclosuregate – Our Friend and Colleague Michael Olenick of Legalprise on Dylan Ratigan
  3. Michael Olenick: NAR’s Big Miss on Home Sales Underscores Lack of Transparency and Accuracy in Mortgage/Housing Data
Dec
22

OCC Mortgage Metrics Report for the Third Quarter of 2011

Overall Mortgage Performance Stable, Delinquencies Remained Elevated in Third Quarter 2011 WASHINGTON—The performance of first-lien mortgages serviced by large national banks and federal savings association was stable, but delinquencies remained elevated during the third quarter of 2011, according to a report released today by the Office of the Comptroller of the Currency (OCC). The quarterly … Read more No related posts.
Dec
22

OCC Mortgage Metrics Report for the Third Quarter of 2011

Overall Mortgage Performance Stable, Delinquencies Remained Elevated in Third Quarter 2011 WASHINGTON—The performance of first-lien mortgages serviced by large national banks and federal savings association was stable, but delinquencies remained elevated during the third quarter of 2011, according to a report released today by the Office of the Comptroller of the Currency (OCC). The quarterly … Read more Related posts:
  1. OCC and OTS Mortgage Metrics Report First Quarter 2010
  2. OCC and OTS Mortgage Metrics Report
  3. Net Loss of $6.5 Billion | Fannie Mae First-Quarter 2011 Results
Dec
16

FORECLOSURE FRAUD MUST STOP NOW! TELL WELLS FARGO TO DO THE RIGHT THING AND REVERSE THE BIEN-AIMÉ’S FORECLOSURE

FORECLOSURE FRAUD MUST STOP NOW! The Bien-Aimé’s built their dream house 10 years ago… …BUT IT MAY BE STOLEN ANY DAY BY BANK-ROBBERS! NOT MASKED MEN WHO ROB BANKS, NO! UNDER FORECLOSURES… …THE BANKS ROB US!!! The Bien-Aimé’s were paying their mortgage on time; they’d fallen behind a few years ago but had gotten a … Read more Related posts:
  1. “Ghetto Loans” City accuses Wells Fargo of engaging in illegal “Reverse Redlining”
  2. Wells Fargo Loses Bid to Dismiss Fraud Claims | GUSTAVO REYES, ET AL., Plaintiffs, v. WELLS FARGO BANK, N.A., Defendant
  3. Judge Slaps Wells Fargo in Foreclosure | KENG HEE PAIK, Plaintiff, v. WELLS FARGO BANK, N.A.
Dec
15

Holy Fraudclosure! | Cantwell to Justice Department: Fully Investigate Fraudulent Foreclosures before Bank Settlement

U.S. Senator Maria Cantwell Washington For Immediate Release December 15, 2011 Cantwell to Justice Department: Fully Investigate Fraudulent Foreclosures before Bank Settlement In letter to DOJ, Cantwell demands full investigation into robo-signing scandal and ‘pump and dump’ mortgage bubble scheme WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA) demanded the Department of Justice fully … Read more No related posts.