Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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10/30/19

Not So Fast! Statute of Limitations Bars Claims for Enforcement of Statutory Duties But Does Not Bar Other Action For Damages Based on That Duty Living Lies

Not So Fast! Statute of Limitations Bars Claims for Enforcement of Statutory Duties But Does Not Bar Other Action For Damages Based on That Duty. Claims under state statutes or Federal statutes have different periods of limitation under which you can file suit. BUT — if the statutory duty that was breached is part of another claim

10/30/19

Federal Reserve cuts interest rate, signals pause Housing Wire

Federal Reserve cuts interest rate, signals pause The Federal Reserve cut its benchmark rate by a quarter of a percentage on Wednesday in a bid to keep the decade-long U.S. economic expansion going while

10/29/19

Book Release: People v Money - Corruption Scandal Rocks Florida Court System Mark Stopa

Book Release: People v Money - Corruption Scandal Rocks Florida Court System TAMPA, Fla., October 29, 2019 (Newswire.com) -?Incredible Publishing, LLC announces the release of People v Money, an international, best-selling book that exposes widespread corruption at the highest levels of Florida government.

10/29/19

Mnuchin Open to Looser Bank Liquidity Rules Backed by Dimon Bloomberg

Mnuchin Open to Looser Bank Liquidity Rules Backed by Dimon U.S. Treasury Secretary Steven Mnuchin is open to loosening financial crisis-era regulations that have stiffened liquidity rules for big banks to relieve possible cash crunches in short-term funding markets.

10/29/19

State of the Union: Securitization is Running Amok and Taking Us All down With It Living Lies

State of the Union: Securitization is Running Amok and Taking Us All down With It The United States is experiencing the worst man-made economic disaster in all of human history — the misuse, abuse and overuse of financial products that are sold to consumers as debt.

10/28/19

Ocwen is a Sham Designed To Be Thrown Under the Bus by Institutional “Investors” Living Lies

Ocwen is a Sham Designed To Be Thrown Under the Bus by Institutional “Investors” The bottom line is that Ocwen really serves only one primary purpose: to be a front for investment banks that are still taking everyone to the cleaners. It is effectively owned and operated by the investment banks.

10/28/19

Exclusive: HUD’s Carson on False Claims Act – “The monster has been slayed” Housing Wire

Exclusive: HUD’s Carson on False Claims Act – “The monster has been slayed”
Just over two years ago, Department of Housing and Urban Development Secretary Ben Carson told the crowd at the 2017 Mortgage Bankers Association

10/27/19

Firm Files Appeal Examining The Application of The Obsolete Mortgage Statute (G.L. c. 260 Sec. 33) To The Acceleration Date of The Note In Nims v. The Bank of N.Y. Mellon, et. al 2019-P-0179 Glenn Russell

Firm Files Appeal Examining The Application of The Obsolete Mortgage Statute (G.L. c. 260 Sec. 33) To The Acceleration Date of The Note In Nims v. The Bank of N.Y. Mellon, et. al 2019-P-0179
In Defense of the Nims' threatened foreclosure auction, the Firm advanced argument that the Nims Mortgage was Obsolete by operation of law under G.L. c. 260, Section 33. The specific basis for the Mortgage being Obsolete was the fact

10/23/19

While We Were Sleeping: Remote Online Notarization is Becoming a Reality in Florida effective 1/1/2020 Living Lies

While We Were Sleeping: Remote Online Notarization is Becoming a Reality in Florida effective 1/1/2020
I knew this was planned. But frankly I didn’t pay close attention. When the initial plans for electronic signatures were announced 10 years ago, we collectively convinced

10/22/19

Bank Games: “Attorney in Fact” Living Lies

Bank Games: “Attorney in Fact”
The very idea of two huge Bank competitors naming each other as attorney in fact defies common sense — if they were dealing with anything real. The use of “attorney in fact” is merely a ruse in order to

10/21/19

Firm Files FAR With SJC Implicating MERS Claim of Authority To Simultaneously "Act" As A "Nominee" For The Lender And Its Assigns Under Judge Rubin Issued Strong Dissent In Giannasca v. Deutsche Bank, N.T. Co. et. al. Glenn Russell

Firm Files FAR With SJC Implicating MERS Claim of Authority To Simultaneously "Act" As A "Nominee" For The Lender And Its Assigns Under Judge Rubin Issued Strong Dissent In Giannasca v. Deutsche Bank, N.T. Co. et. al.
Mr. Giannasca Filed Litigation Pro Se challenging Deutsche Bank N.T. Co. & Others, where the Trial Court (Worcester Superior Court) made finding that Mr. Giannasca elected to "Surrender" the property in a filed Chapter 7 bankruptcy, and therefore he was now precluded from challenging the attempted foreclosure action.

10/21/19

Mortgage Servicing Litigation NCLC

Mortgage Servicing Litigation
Below is a sampling of NCLC class action litigation efforts in the areas of mortgage servicing and loan modifications. Information on other NCLC litigation can be found here.

10/21/19

Deutsche Bank Walked Away from its $7.2 Billion Dollar Homeowner Restitution Agreement with the DOJ and Nobody Blinked an Eye Lawsintexas.com

Deutsche Bank Walked Away from its $7.2 Billion Dollar Homeowner Restitution Agreement with the DOJ and Nobody Blinked an Eye
Deutsche Bank, the DOJ and how $4B in aid to distressed homeowners evaporated

10/21/19

The institutional manufacturing of the foreclosure process Mycourthistory.com

The institutional manufacturing of the foreclosure process
The institutional manufacturing of the foreclosure process begins with the servicer advising the borrower to stop payments to make sure it puts them in a better position for a modification.

10/19/19

Exposed! A Serial Whistleblower's Story with Bill Black Macroncheese.com

Exposed! A Serial Whistleblower's Story with Bill Black
Regulatory agencies taking on Savings & Loan fraud may not be everyone’s idea of a swashbuckling tale, but for us nerdy types at Macro N Cheese it’s pure gold.

10/18/19

Fed’s Balance Sheet Spikes by $253 Billion, Now Topping $4 Trillion Wall Street On Parade

Fed’s Balance Sheet Spikes by $253 Billion, Now Topping $4 Trillion
Shhh! Don’t tell Congress that the Federal Reserve is back to electronically creating money out of thin air to throw at a liquidity problem (of an, as yet, undetermined origin) on Wall Street.

10/17/19

A List of Mortgage Closures, Mergers and Layoffs Thetruthaboutmortgage.com

A List of Mortgage Closures, Mergers and Layoffs
I first created this list in February 2007, back when scores of mortgage companies were consolidating, laying off employees, sending out scary warnings, and going out of business.

10/17/19

Dorian Grey: Loan Agreements have changed without detection by the courts Living Lies

Dorian Grey: Loan Agreements have changed without detection by the courts
The normal loan agreement is based upon certain accepted and presumed elements. The borrower desires to borrow money, he/she gets a loan of money and signs

10/16/19

Update on MERS Living Lies

Update on MERS
Just assume that everything is a fiction and none of it is real. Then set out to create the inference against the use of key legal presumptions necessary for the foreclosure mill to establish a prima facie case. Those presumptions lead to conclusions that are contrary to facts in the real world.

10/16/19

Dems unload on CFPB’s Kraninger: ‘You are absolutely worthless’ National Mortgage News

Dems unload on CFPB’s Kraninger: ‘You are absolutely worthless’
Consumer Financial Protection Bureau Director Kathy Kraninger faced a barrage of questions Wednesday from lawmakers on the House Financial Services Committee covering everything from the agency's constitutionality to why it has not demanded refunds for consumers in recent settlements.

10/16/19

Zombie Homes Haunt Cleveland Neighborhood A Decade After Housing Market Collapse WBUR

Zombie Homes Haunt Cleveland Neighborhood A Decade After Housing Market Collapse
Driving through Cleveland's Ward 8, it's hard to tell that it's been a decade since the nationwide housing collapse.

10/15/19

“The Federal Government Actually Paid Him”: How Steve Mnuchin Profited from the Housing Bust Democracy Now

“The Federal Government Actually Paid Him”: How Steve Mnuchin Profited from the Housing Bust
In his new book “Homewreckers,” investigative reporter Aaron Glantz looks at the devastating legacy of the housing bust and the key players who benefited as millions of people lost their homes and savings.

10/15/19

Appeals court reverses couple's summary judgment in case against Bank of New York Mellon SE TEXAS RECORD

Appeals court reverses couple's summary judgment in case against Bank of New York Mellon
BEAUMONT -- A Texas couple who had won their lawsuit against the Bank of New York Mellon in a foreclosure case was not as lucky in the Texas Ninth District Court of Appeals at Beaumont.

10/15/19

Beware of Bank and Foreclosure Mill Labels — That is where the lies start Living Lies

Beware of Bank and Foreclosure Mill Labels — That is where the lies start
BEWARE OF LABELS: THE BANKS AND THE FORECLOSURE MILLS GET AWAY WITH MOST OF THEIR DECEIT BY SIMPLY USING SELF SERVING LABELS.

10/15/19

Finding a Lawyer to Defend Foreclosure Living Lies

Finding a Lawyer to Defend Foreclosure
Most lawyers have dropped out of the game because they don’t know how to win or make money. No loss to homeowners who really want to contest a foreclosure based upon lies and fabricated documents.

10/14/19

Fed’s back printing money – so what gives? NY Post

Fed’s back printing money – so what gives?
Although there’s been no official announcement, the Federal Reserve has restarted QE — better known as Quack Economics.

10/14/19

What to say about your TILA Rescission Living Lies

What to say about your TILA Rescission
I think you need to emphasize more that rescission is an event that takes place upon the mailing of the notice of rescission. The error of the lower courts all stems from the fact that they treat TILA rescission as a claim.

10/11/19

Update and Review of TILA Rescission 15 U.S.C. §1635 Beach v Great Western (FLA) and Beach v Ocwen Federal Living Lies

Update and Review of TILA Rescission 15 U.S.C. §1635 Beach v Great Western (FLA) and Beach v Ocwen Federal
Having received numerous inquiries regarding Rescission under the Federal Truth in Lending Act, I’ve decided to provide a short guide.

10/11/19

Citibank fined $30 million for holding onto foreclosures for too long Housing Wire

Citibank fined $30 million for holding onto foreclosures for too long
Citibank was fined $30 million by federal banking regulators after an investigation found that the bank was not selling foreclosed homes back into the market fast enough.

10/10/19

Where Are the Hundreds of Billions in Loans from the Fed Actually Going on Wall Street? Wall Street On Parade

Where Are the Hundreds of Billions in Loans from the Fed Actually Going on Wall Street?
No one can say with any certainty where the hundreds of billions of dollars that the Federal Reserve has been pumping into Wall Street since September 17 are actually ending up.

10/10/19

Trump’s Trillion-Dollar Hit to Homeowners Pro Publica

Trump’s Trillion-Dollar Hit to Homeowners
By reducing deductions for real estate taxes, Trump’s 2017 tax plan has harmed millions — and helped give corporations a $680 billion gift.

10/10/19

MERS — Mortgage Electronic Registration Systems Living Lies

MERS — Mortgage Electronic Registration Systems
MERS- — MORTGAGE ELECTRONIC REGISTRATION SYSTEM — SEE MISSING ASSIGNMENT — SAME THEORY AS ORIGINAL NOTE SEE GARFIELD GLOSSARY mers-info

10/10/19

Servicers: More Than One Set of Books Living Lies

Servicers: More Than One Set of Books
Since we know that most documents presented in foreclosure are inconsistent with other “securitization” documents it is only natural to suspect, assume and then corroborate that

10/10/19

California’s Public Banking Act gains global media attention Public Banking Institute

California’s Public Banking Act gains global media attention
Headlines convey the enormous impact of last week’s signing of the Public Banking Act in California:

10/10/19

Los Angeles and San Francisco announce they are moving forward with plans to start public banks Public Banking Institute

Los Angeles and San Francisco announce they are moving forward with plans to start public banks
Close on the heels of the Public Banking Act being signed into law last week,

10/09/19

Fed’s Powell Admits a Bigger Bailout for Wall Street Is Coming; Fed’s Balance Sheet Ballooned by $176 Billion Since September Wallstreetonparade.com

Fed’s Powell Admits a Bigger Bailout for Wall Street Is Coming; Fed’s Balance Sheet Ballooned by $176 Billion Since September
Yesterday, at a speaking event in Denver at the National Association of Business Economists, Federal Reserve Chairman Jerome Powell acknowledged that a larger, long-term bailout of Wall Street is coming.

10/09/19

Patrick Giunta Esq. Scores Another Homeowner Win in South Florida v US Bank Trustee LSF9 Master Participation Trust: William Paatalo, Expert Testifies Living Lies

Patrick Giunta Esq. Scores Another Homeowner Win in South Florida v US Bank Trustee LSF9 Master Participation Trust: William Paatalo, Expert Testifies
Foreclosure volume has declined but that doesn’t reduce the number of cases that are deficient and even fraudulent.

10/08/19

Fed, other regulators approve changes to ‘Volcker rule’ to ease bank restrictions Marketwatch.com

Fed, other regulators approve changes to ‘Volcker rule’ to ease bank restrictions
WASHINGTON — The Federal Reserve and four other regulatory agencies announced final approval Tuesday to changes in the “Volcker rule” passed after the 2008 financial meltdown to crack down on trading excesses that contributed to the crisis.

10/08/19

Connecting the Dots to the Budding Wall Street Crisis Wallstreetonparade.com

Connecting the Dots to the Budding Wall Street Crisis
We’re going to do today what mainstream media has failed to do for the American people so far this year — as well as prior to the onset of the 2008 financial collapse on Wall Street.

10/07/19

You Can Fight a Deficiency Judgment Jakelegal.com

You Can Fight a Deficiency Judgment
A deficiency judgment against a consumer or homeowner can be scary. The amounts owed are usually high, and it can seem like you’re paying for an item that you have already lost to foreclosure or repossession.

10/07/19

Frustrated with Your Lawyer’s Attitude? Living Lies

Frustrated with Your Lawyer’s Attitude?
The bottom line is that lawyers want to do the best possible job for their client and get the best possible result.

10/04/19

How large corporations took over single-family homes MSN

How large corporations took over single-family homes
The Great Housing Reset has led to more than one-third of single-family homes being rentals, with a significant share controlled by large corporations.

10/04/19

Here is the Answer to Guilt About the “Free House” — the one the banks don’t want you thinking about. Living Lies

Here is the Answer to Guilt About the “Free House” — the one the banks don’t want you thinking about.
Imagine we are in a new era, where disclosure was full and complete to investors and borrowers. The deal pitched to investors is simple:

10/03/19

The Solution to Defective Securitization of Mortgage Debt: The Bare Legal Truth About Securitization of Mortgage Debt Living Lies

The Solution to Defective Securitization of Mortgage Debt: The Bare Legal Truth About Securitization of Mortgage Debt
The basic truth is that current law cannot accommodate securitization of mortgage debt as it has been practiced. In short, what they (the investment banks) did was illegal. It could be reformed. But until

10/02/19

Second Loans Can Foreclose–But Do They? Jakelegal.com

Second Loans Can Foreclose–But Do They?
When loans and borrowing on your home equity were easy to come by, a lot of people took advantage of the opportunity to cash out on their own home.

10/02/19

Historic step forward: Gov. Gavin Newsom signs the Public Banking Act into California law! Publicbankinginstitute.org

Historic step forward: Gov. Gavin Newsom signs the Public Banking Act into California law!
Victory in California! Gov. Gavin Newsom’s signature has made AB 857 — the grassroots-generated, people-powered Public Banking Act — the law in California.

10/02/19

BEAL BANK GETS ITS ASS HANDED TO IT BY MAINE SUPREME COURT! Cloudedtitlesblog

BEAL BANK GETS ITS ASS HANDED TO IT BY MAINE SUPREME COURT!
and this is why we’ve been telling you to look more closely at assignments of mortgage and deeds of trust. It appears the Maine Supremes decided Beal Bank wasn’t entitled to an Assignment of Mortgage by a defunct lender, New Century Mortgage Corporation.

10/02/19

Ocwen Refunded Money to Maine Borrowers Who were Illegally Foreclosed Living Lies

Ocwen Refunded Money to Maine Borrowers Who were Illegally Foreclosed
According to the Maine Bureau of Consumer Credit Protection, Ocwen Loan Servicing instigated foreclosures on loans based on paperwork that was determined to be legally inaccurate.

10/01/19

IN NEVADA, TIMING IS EVERYTHING … ESPECIALLY IN QUIET TITLE ACTIONS! Cloudedtitlesblog.com

IN NEVADA, TIMING IS EVERYTHING … ESPECIALLY IN QUIET TITLE ACTIONS!
The author of this post offers this information for your educational value and not as legal advice; however, the court in this instance, the Supreme Court of Nevada, clearly screwed U.S. Bank,

10/01/19

Leveraging Mediation to Win Foreclosure Case: Getting a Pre Mediation Order Living Lies

Leveraging Mediation to Win Foreclosure Case: Getting a Pre Mediation Order
The idea of a pre mediation order had not occurred to me until I received this email. I have edited his story to present the following:

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