Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
03/31/17	Elderly woman tries to make sense of eviction from longtime home	SFchronicle.com	Elderly woman tries to make sense of eviction from longtime home Three weeks ago, Dorothy DeBose was given 10 minutes to vacate the house she’s lived in for most of her life.
03/31/17	How a Cruel Foreclosure Drove a Couple to the Brink of Death	Vice.com	How a Cruel Foreclosure Drove a Couple to the Brink of Death A married couple resorted to self-harm after being physically and psychologically terrorized by Bank of America over their house—until a judge fined the bank $46 million.
03/31/17	Wells Fargo must face litigation on defective mortgages: U.S. judge	Reuters.com	Wells Fargo must face litigation on defective mortgages: U.S. judge A federal judge on Thursday said Wells Fargo & Co (WFC.N) must face litigation seeking to hold it responsible for billions of dollars of claimed investor losses stemming from its alleged failures as a trustee overseeing risky residential mortgage-backed securities.
03/30/17	Schneiderman keeps foreclosure prevention program afloat with $10M infusion	Therealdeal.com	Schneiderman keeps foreclosure prevention program afloat with $10M infusion New York Attorney General Eric Schneiderman will provide $10 million to keep a foreclosure-prevention service afloat until next year.
03/30/17	Law deans were unaware of judge's largesse in wrongful foreclosure case	ABAJournal.com	Law deans were unaware of judge's largesse in wrongful foreclosure case Some law deans were surprised to learn that a federal bankruptcy judge had decided to give their schools $4 million each in punitive damages awarded in a California couple’s wrongful foreclosure case against Bank of America.
03/28/17	Sundquist v. Bank of America: $45 Million for violations of Automatic Stay	Living Lies	Sundquist v. Bank of America: $45 Million for violations of Automatic Stay In most cases, the damages awarded to homeowners are so paltry that they do little to punish unlawful conduct or to deter future behavior by servicers. The banks continue their crime spree unabated. Those days may be over. A bankruptcy court in Sacramento, California recently...
03/28/17	ONCE MERS ENTERS THE PICTURE, YOU’VE GOT ISSUES!	CloudedTitlesBlog.com	ONCE MERS ENTERS THE PICTURE, YOU’VE GOT ISSUES! I just received an email from a reader who is worried about the mess his daughter and son-in-law got themselves into with the purchase of their new home using a MERS-originated mortgage (MOM) … after writing a response to him, I decided to put my answer on this blog for the benefit of others who think that having a MERS mortgage is “no big deal”. He even talked to a little old lady in John O’Brien’s office up in Salem, Massachusetts who acted like it was no big deal that MERS was involved.
03/25/17	Eric Mains: “Acceptable Casualties”	Living Lies	Eric Mains: “Acceptable Casualties” At the request of Eric Mains, former FDIC employee, I am publishing his comments on the foreclosure situation and the the banking crisis. ACCEPTABLE CASUALTIES
03/22/17	Phil Murphy just unveiled a plan to make Wall St. clean up N.J. home foreclosures	NJ.com	Phil Murphy just unveiled a plan to make Wall St. clean up N.J. home foreclosures Is New Jersey's sky-high foreclosure rate actually the answer to its affordable housing crisis? Phil Murphy thinks so. The Democratic front-runner for governor has unveiled a new plan he says would take New Jersey from first in the nation in foreclosures to near first in the nation for affordable housing, courtesy of Wall Street's banks.
03/22/17	MERS Ownership Intentionally Obfuscated	Living Lies	MERS Ownership Intentionally Obfuscated In an ongoing California Appeal (that will go unnamed at this time), a homeowner’s attorney obtained a routine MERS corporate disclosure statement in response to an opening appellate brief he had filed. The attorney shared the disclosure statement with a colleague in Hawaii who noticed that MERS claimed it was owned by its holding company who was owned by
03/21/17	9th Circuit Opens Door to Modification Fraud and RESCISSION: Oskoui v Chase	Living Lies	9th Circuit Opens Door to Modification Fraud and RESCISSION: Oskoui v Chase I have had many judges express their concerns privately and publicly. They all point to two main things that disturbs them. One is the apparent randomness of modifications and the other is the pattern of musical servicers that change regularly. They worry that this indicates something deeper is going on but that homeowners and their lawyers are not concentrating on these factors.
03/21/17	This Lawmaker Just Gave the Perfect Defense of a Consumer Watchdog the GOP Is Trying to Kill	Time.com	This Lawmaker Just Gave the Perfect Defense of a Consumer Watchdog the GOP Is Trying to Kill A Democratic lawmaker slammed opponents of a federal consumer watchdog Tuesday, denouncing them for promoting big business interests while hiding behind a pretense of constitutional concerns.
03/21/17	NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis	Housing Wire	NY Fed president compares Wells Fargo fake account scandal to subprime mortgage crisis The president of the Federal Reserve Bank of New York told the Banking Standards Board in London on Tuesday that he sees quite a few similarities between the Wells Fargo fake account scandal and the subprime mortgage crisis of the late 2000’s...
03/18/17	Why would Goldman Sachs buy Delinquent and Defective Mortgages?	Living Lies	Why would Goldman Sachs buy Delinquent and Defective Mortgages? Just last year Goldman Sachs entered into settlements with state and federal governments over the sale of toxic mortgage backed securities to investors while subsequently shorting the very same securities they were selling...
03/17/17	How ‘Consumer Relief’ After Mortgage Crisis Can Enrich Big Banks	NYTimes.com	How ‘Consumer Relief’ After Mortgage Crisis Can Enrich Big Banks In every multibillion dollar settlement with a big bank that peddled faulty mortgage securities, a major provision has been a requirement that the bank provide “consumer relief.”...
03/17/17	ATTOM: Foreclosure activity hits 11-year low	Living Lies	ATTOM: Foreclosure activity hits 11-year low But foreclosure starts increased in 15 states...
03/16/17	Suffolk County Launches Foreclosure Prevention Hotline	WSHU.org	Suffolk County Launches Foreclosure Prevention Hotline Suffolk County Executive Steve Bellone has unveiled a Foreclosure Prevention Hotline to help alleviate the number of foreclosures in the county. The hotline will connect residents with free resources and services to help them prevent foreclosures...
03/16/17	Bailee Letter Shows LPS is Central to Data Records	Living Lies	Bailee Letter Shows LPS is Central to Data Records Based upon my analysis I concluded years ago that there were (a) no creditors and (b) virtually no actual servicers. The servicers and the Trusts and the so-called beneficiaries under a deed of trust are all manifestations of an illusion created by Wall Street...
03/15/17	Save the federal consumer watchdog: The CFPB protects us all	NYDailyNews.com	Save the federal consumer watchdog: The CFPB protects us all President Trump’s determination to eviscerate the Consumer Financial Protection Bureau proves that he prioritizes the coffers of the megabanks over the pocketbooks of the Americans he vowed to defend during his campaign...
03/14/17	Your Wallet Will Suffer If This Agency Is Gutted	NerdWallet.com	Your Wallet Will Suffer If This Agency Is Gutted The Consumer Financial Protection Bureau has saved Americans $12 billion, but many businesses and congressional conservatives want to eliminate it...
03/14/17	Deception of the Day: Fannie Mae Announces “Winners” of its Latest Non-Performing Loan Sale	Living Lies	Deception of the Day: Fannie Mae Announces “Winners” of its Latest Non-Performing Loan Sale Editor’s note: There are no “winners” when it comes to the purchase of Fannie Mae’s non-performing loans. These loans, in the majority of cases, were never delivered to the trusts and often require the fabrication of notes and assignments to create the illusion of legitimacy. Fannie Mae, the quasi-governmental lender, is well aware that these loans are...
03/14/17	Higher credit scores are on the way, thanks to new standards	CNBC	Higher credit scores are on the way, thanks to new standards Consumers may be one step closer to a higher credit score. A recent report by the Consumer Financial Protection Bureau outlined...
03/14/17	The End of Make Home Affordable aka the Modification Hell Act	Living Lies	The End of Make Home Affordable aka the Modification Hell Act The Making Home Affordable (MHA) program did what it intended to do- it Greased the Runways so unsuspecting homeowners operating in good faith would be forced into default...
03/14/17	DEFENSE ATTORNEY SAYS JUDGES KNOWINGLY CREATE FORECLOSURES IN FAMILY COURT	Pennsylvaniabulletin.com	DEFENSE ATTORNEY SAYS JUDGES KNOWINGLY CREATE FORECLOSURES IN FAMILY COURT Speaking on guarantee of anonymity, an attorney who does pro bono legal work says that the court system in Pennsylvania, is the precise cause of many foreclosures...
03/14/17	Carty v. Bank of America, NA \| FL 4DCA	Stopforeclosurefraud.com	Carty v. Bank of America, NA \| FL 4DCA a genuine issue of material fact was created by the two different versions of the note filed by the appellee bank...
03/14/17	Dave Krieger’s Clouded Titles: MISSOURI SUPREME COURT UPHOLDS SANCTIONS AGAINST WELLS FARGO!	Living Lies	Dave Krieger’s Clouded Titles: MISSOURI SUPREME COURT UPHOLDS SANCTIONS AGAINST WELLS FARGO! Whether you’ve caught wind of this or not, Missouri Attorney Greg Leyh will have a shot in front of a rural Missouri county jury to convince them that Wells Fargo’s (and others’) actions in wrongfully foreclosing against David and Crystal Holm of Clinton County warrant serious money damages...
03/14/17	Justice Sweeney talks building blocks of foreclosures at Columbian Lawyers meeting	Brooklyn Daily Eagle	Justice Sweeney talks building blocks of foreclosures at Columbian Lawyers meeting The Columbian Lawyers Association hosted Justice Peter Sweeney and attorney Joseph Etra for a continuing legal education (CLE) seminar, “The Building Blocks of Foreclosures,” ...
03/10/17	Trump’s Plan on Fannie and Freddie? Clues May Emerge Soon	NY Times	Trump’s Plan on Fannie and Freddie? Clues May Emerge Soon Fixing Fannie Mae and Freddie Mac, the mortgage finance giants that still operate under government supervision, is nowhere near the top of the Trump administration’s to-do list....
03/10/17	LivingLies Foreclosure Survey Results: Delay, Defend and Destroy	Living Lies	LivingLies Foreclosure Survey Results: Delay, Defend and Destroy Several weeks ago we asked our readers to take a brief survey. The results are revealing and expose an egregious pattern of fraud and abusive lending practices...
03/10/17	GOP marks National Consumer Protection Week by voting to 'obliterate' class-action lawsuits	LA Times	GOP marks National Consumer Protection Week by voting to 'obliterate' class-action lawsuits Te Republican-controlled House voted late Thursday to approve the Fairness in Class Action Litigation Act, which purports to protect consumers but does the opposite by making it harder for people to join class-action lawsuits...
03/09/17	How 90% of American Households Lost an Average of $17,000 in Wealth to Plutocrats in 2016	BillMoyers.com	How 90% of American Households Lost an Average of $17,000 in Wealth to Plutocrats in 2016 America has always been great for the richest 1 percent, and it’s rapidly becoming greater. Confirmation comes from recent work by...
03/09/17	Nationstar facing CFPB fine over HMDA violations	Housing Wire	Nationstar facing CFPB fine over HMDA violations Nationstar Mortgage is facing a fine from the Consumer Financial Protection Bureau over the nonbank’s alleged failure to comply with the reporting requirements of the Home Mortgage Disclosure Act...
03/09/17	Mortgage Resolution Servicing, LLC (“MRS”) v JP Morgan Chase \| Amended RICO Statement	stopforeclosurefraud.com	Mortgage Resolution Servicing, LLC (“MRS”) v JP Morgan Chase \| Amended RICO Statement UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK...
03/08/17	Execution of Fabricated Documents	Living Lies	Execution of Fabricated Documents We are all familiar with robo-signing. It is the practice of using a person’s name and signature on multiple documents when in fact the person did not sign the...
03/08/17	THE TRANSFERRING OF SERVICING RIGHTS TO AVOID REVIEWING COMPLETE MODIFICATION APPLICATIONS	4closureFraud.org	THE TRANSFERRING OF SERVICING RIGHTS TO AVOID REVIEWING COMPLETE MODIFICATION APPLICATIONS After years of litigating against alleged lenders, investors, servicers, and foreclosure trustee’s we are starting to see a clear trend of the servicing rights being transferred upon receiving a complete loan modification application. What is an alleged lender – this...
03/06/17	Foss: Foreclosure prevention still needed	dailygazette.com	Foss: Foreclosure prevention still needed Foreclosure seemed imminent, and DJ began packing up her house. But then she got some very good news: Her bank had agreed to modify her mortgage. Her monthly payments would be manageable again, and she wouldn't lose her home....
03/06/17	New York should fund help to prevent foreclosures	newsday.com	New York should fund help to prevent foreclosures It’s a scenario thousands of Long Island homeowners experience each year. Perhaps it begins with a lost job or an illness. That quickly turns into a missed mortgage payment, and then a second. Homeowners find themselves in delinquency and in danger of foreclosure...
03/04/17	TFH 3/5 \| Foreclosure Workshop #28: Bank of America v. Reyes-Toledo — An Important Starting Point for Exposing “The Great Deception” Hiding Who Is Really Foreclosing on American Homeowners	stopforeclosurefraud.com	TFH 3/5 \| Foreclosure Workshop #28: Bank of America v. Reyes-Toledo — An Important Starting Point for Exposing “The Great Deception” Hiding Who Is Really Foreclosing on American Homeowners Hawaii has now joined Connecticut, Florida, New Mexico, New York, Ohio, Oklahoma, and Vermont as the result of another recent landmark foreclosure-related decision of the Hawaii Supreme Court, the most comprehensive of its kind yet, adopting the principle that a foreclosing plaintiff has the evidentiary burden to establish its right to enforce a promissory note at the time it commenced its action...
03/02/17	Kentucky AG Beshear: Settlement with MERSCORP (MERS) National Mortgage Recording Company Provides Better Protections for Kentucky Homeowners	stopforeclosurefraud.com	Kentucky AG Beshear: Settlement with MERSCORP (MERS) National Mortgage Recording Company Provides Better Protections for Kentucky Homeowners FRANKFORT, Ky. (Feb. 28, 2017) – Attorney General Andy Beshear today announced a multimillion dollar settlement with a national mortgage recording company that will provide Kentucky homeowners with some of the best protections in the country...
03/02/17	CFPB Oversight Uncovers And Corrects Credit Reporting Problems	CFPB	CFPB Oversight Uncovers And Corrects Credit Reporting Problems Bureau Report Outlines Accuracy and Other Issues That Bureau Supervision Has Taken Action to Address...
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