July 26, 2017

Still No Justice for Mortgage Abuses

Still No Justice for Mortgage Abuses It has been six months since the big banks settled with state … [Read more...]

First Foreclosure-Rental Bonds Come to Market Without Ratings

“Large numbers of displaced homeowners who have defaulted on their mortgages have no choice … [Read more...]

GAO REPORT | MORTGAGE FORECLOSURES – Regulatory Oversight of Compliance with Servicemembers Civil Relief Act Sucks

MORTGAGE FORECLOSURES – Regulatory Oversight of Compliance with Servicemembers Civil Relief … [Read more...]

AAA Rated? | Documents Seem to Endanger Ratings Agency Legal Defense

Court Papers Undercut Ratings Agencies’ Defense Documents in a civil suit in federal court … [Read more...]

AAA Rated? | Documents Seem to Endanger Ratings Agency Legal Defense

Court Papers Undercut Ratings Agencies’ Defense Documents in a civil suit in federal court … [Read more...]

OCC | Regulators Issue Joint Guidance to Address Mortgage Servicer Practices that Affect Servicemembers

Regulators Issue Joint Guidance to Address Mortgage Servicer Practices that Affect Servicemembers … [Read more...]

Nationstar to Acquire $10.4B in Mortgage Servicing Rights from Bank of America

Nationstar to Acquire $10.4B in Mortgage Servicing Rights from BofA Nationstar Mortgage Holdings … [Read more...]

Attention Homeowners & Lawyers: AG Mortgage Settlement Launches Online Complaint Sites

Finally, there are places online where homeowners, lawyers and other advocates can go to lodge … [Read more...]

Attention Homeowners & Lawyers: AG Mortgage Settlement Launches Online Complaint Sites

Finally, there are places online where homeowners, lawyers and other advocates can go to lodge … [Read more...]

No Mortgage Deal but Banks get Free Pass

The national mortgage settlement among federal and state regulators and major banks, announced with … [Read more...]

Independent Foreclosure Review Fail | NY Times – Foreclosure Relief? Don’t Hold Your Breath

Foreclosure Relief? Don’t Hold Your Breath BUT Michael Olenick, a specialist in mortgage research, … [Read more...]

Cummings Calls for Unredacted Copies of “Engagement Letters” Between Mortgage Servicing Companies and Private Consultants

Cummings Calls for Unredacted Copies of “Engagement Letters” Between Mortgage Servicing Companies … [Read more...]

Whoa! | Morgan Stanley, Saxon and American Home Mortgage Servicing Agree to End Robo-Signing

Superintendent Lawsky Announces Agreements With Morgan Stanley, Saxon, AHMSI & Vericrest On … [Read more...]

White Paper | Credit Ratings Across Asset Classes: A=A? – Credit-rating companies routinely award higher rankings to debt issued by banks and corporations that pay them the most

Abstract Contrary to assertions by the Big 3 credit raters, we demonstrate that credit ratings are … [Read more...]

A TIME FOR GOOD JUDGEMENT: The jury is in AND we need judges to modify the way banks behave.

Originally published on December 7, 2009.  How depressing is that.  Two years later and it’s … [Read more...]

Assembly Bill No. 284 | Potential Felony Charges Make Servicers (aka Illegal Debt Collectors) Pause Nevada Fraudclosures

Potential felony charges make servicers pause Nevada foreclosures Many mortgage servicers stopped … [Read more...]

Jeffrey Stephan | GMAC Takes Steps to Fix Its Problems in Mortgages

A review of roughly 25,000 loan files has “not found one instance where a borrower was … [Read more...]

BofA, JPMorgan Fail to Make Fannie Mae Grade for Loan Servicing

BofA, JPMorgan Fail to Make Fannie Mae Grade for Loan Servicing Bank of America Corp. (BAC), the … [Read more...]

American Banker | ‘Procedures Matter’ in Foreclosure; Do Outcomes Matter More?

‘Procedures Matter’ in Foreclosure; Do Outcomes Matter More? Is it “just” a … [Read more...]

Over There… Over There… Send The Word, We’ll Foreclose, While You’re There

Wells Fargo Bank, with their all-American stagecoach logo, has just been accused of violating the … [Read more...]

GAO Study Published May 5th Discovers Illegal Foreclosures

On May 5, 2011, the Government Accountability Office (“GAO”) released its study of … [Read more...]

FEDS Announce Enforcement Actions Against 14 Servicers, LPS and MERS… Hot Towels in Washrooms Threatened Once Again

I have to tell you right up front that I’m damn tired of vacillating regulatory initiatives that … [Read more...]

The Psychology and Politics of Foreclosure

This article originally ran in December 0f 2009, but I’m reposting it because maybe it will be … [Read more...]

Federal Regulators to Bring Enforcement Actions Against Banks… May Get Rid of Hot Towels in Washroom

After lawyers deposing bank personnel uncovered “robo-signers” fraudulently signing … [Read more...]

California Appeals Court Rules Homeowners Can Sue Banks for Fraud Over Broken Loan Modification Promises

Well, first let me just say… it’s about damn time. The Second District Court of Appeals in Los … [Read more...]

Wanna Know Why Your Loan Mod Was Denied? Call the Bank…They’ll Tell You.

You’re a real dope if you wasted all your time submitting loan modification paperwork to your … [Read more...]

The REST Report Matters at REST Report Matters

By now, I would think, most of my readers know that when homeowners ask me questions about today’s … [Read more...]

Max Gardner’s Top Reasons for Wanting a Pooling Servicing Agreement

EDITOR’S NOTE: Lest people think I invented this whole field of law just because I’m … [Read more...]

Mandelman’s Uncommon Advice for Getting Through the Loan Modification Process Without Losing It

How to hold up under the stress and strain of getting a loan modification… Every single day … [Read more...]

Mortgage Hardship: Solutions to Avoid Foreclosure

Here's a link to my similar article at EZinesArticles.com: … [Read more...]

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