Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
01/31/20	Lordy, there's a tape of Trump discussing VA loan legislation	Housing Wire	Lordy, there's a tape of Trump discussing VA loan legislation Bill Edwards, the former chairman of Mortgage Investors Corp., or MIC, the now-defunct lender that once was the largest originators of VA loans, complained to Trump on the video about new regulations aimed at preventing so-called loan churning.
01/30/20	The Fed Wants to Loosen Rules Around Big Banks and Venture Capital	NY Times	The Fed Wants to Loosen Rules Around Big Banks and Venture Capital Proposed tweaks to the Volcker Rule, which curbs bank risk-taking, would allow firms to invest heavily in funds backing start-ups.
01/30/20	Wells Fargo Borrowers Win Cert. In Foreclosure Suit Wells Fargo Borrowers Win Cert. In Foreclosure Suit Case Link	Law360.com	Wells Fargo Borrowers Win Cert. In Foreclosure Suit A California federal judge has certified a nationwide class of Wells Fargo mortgage borrowers who say the bank breached its contract by denying them home loan modifications, while excluding proposed subclasses of borrowers bringing consumer protection, wrongful foreclosure and emotional distress claims. In partially granting the certification bid Wednesday, U.S. District Judge William Alsup approved a class definition that encompasses Wells Fargo mortgage borrowers who qualified for a home loan modification between 2010 and 2018 but were not offered it due to a software glitch and whose homes were later foreclosed upon
01/30/20	Miami Judge Survives Call for Recusal in Foreclosure Suit Marred by Forgery Claims	Law.com	Miami Judge Survives Call for Recusal in Foreclosure Suit Marred by Forgery Claims Judges are bound by a strict code of ethics that says even the appearance of impropriety warrants removal, but allegations in this case didn't pass the appellate panel's scrutiny.
01/30/20	Contrary of Mythical Bank PR, Foreclosure Crisis is Not Over	Living Lies	Contrary of Mythical Bank PR, Foreclosure Crisis is Not Over In an economy that is driven by consumer spending, the consumers are being left with nothing to spend except more debt. Investment banks continue to cloak illegal schemes to obtain revenue through illegally weaponizing the process of foreclosure. And contrary to the now popular belief propagated by the banks, the figures are staggering.
01/28/20	Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash	Wall Street On Parade	Fed Repos Have Plowed $6.6 Trillion to Wall Street in Four Months; That’s 34% of Its Feeding Tube During Epic Financial Crash According to the data made available on the public website of the New York Fed, since September 17, 2019 it has funneled a cumulative total of $6.6 trillion to some of the 24 trading houses on Wall Street that are known as its “primary dealers.”
01/28/20	Kelly Legal Group Offers Free Foreclosure Defense Consultations in February	Kelley Legal Group	Kelly Legal Group Offers Free Foreclosure Defense Consultations in February During these complimentary consultations, a KLG attorney will advise prospective clients of their options with regards to the foreclosure of their property; they can then choose whether they’d like to have KLG represent them in their foreclosure case or if they would prefer to take matters into their own hands, armed with new knowledge about their situation.
01/28/20	Norfolk County Register of Deeds promotes foreclosure assistance programs	Wicked Local	Norfolk County Register of Deeds promotes foreclosure assistance programs Norfolk County Register of Deeds William P. O’Donnell recently reminded homeowners who are struggling to pay their mortgage or facing foreclosure that there are consumer programs available to help them out.
01/28/20	Single Mom Loses Saugus Home In ‘Illegal’ Foreclosure, Realtor In Santa Clarita Fighting For Justice	KHTS	Single Mom Loses Saugus Home In ‘Illegal’ Foreclosure, Realtor In Santa Clarita Fighting For Justice After a single mom from Saugus lost her home in an allegedly illegal foreclosure, a realtor in Santa Clarita is teaming up with his wife, a real estate attorney, in a pro bono fight for justice.
01/28/20	Release \| SPECIAL REPORT: Goldman Sachs’ Twenty-Year RAP Sheet of Repeated Illegal Conduct	Better Markets	Release \| SPECIAL REPORT: Goldman Sachs’ Twenty-Year RAP Sheet of Repeated Illegal Conduct Washington, D.C. – On the eve of Goldman Sachs’ first investor day, Better Markets releases a RAP Sheet Report detailing two decades of illegal behavior by Goldman Sachs as reflected in major legal actions against the bank and tallying up the enormous bailouts the bank received in connection with the 2008 financial crash:
01/28/20	How Can I Stop a Foreclosure in Alabama?	The Courier Journal	How Can I Stop a Foreclosure in Alabama? Fortunately, according to data Attom Data Solutions, foreclosure activity for the U.S. as a whole through the first half of 2019 was down yet again. Most metropolitan areas analyzed have enjoyed steady declines since 2010 and are currently at below pre-recession foreclosure rates. Unfortunately, Alabama foreclosure rates do not follow the national trend
01/28/20	Exclusive report: The “financial motive” behind SCOTUS case aimed at killing consumer bureau	Salon	Exclusive report: The “financial motive” behind SCOTUS case aimed at killing consumer bureau Most amicus briefs urging Supreme Court to gut CFPB were driven by clear "financial motive," watchdog says
01/28/20	New rules are gutting consumer watchdog group from the inside, legal experts say	CNBC	New rules are gutting consumer watchdog group from the inside, legal experts say The agency created in the wake of the 2008 financial crisis to protect consumers from abuse is being gutted from the inside, according to some consumer advocates and legal experts.
01/28/20	Citibank, Which Foreclosed on Homes Under an Alias, Illegally Held Homes Off the Market for More than Five Years Says Regulator	Wall Street On Parade	Citibank, Which Foreclosed on Homes Under an Alias, Illegally Held Homes Off the Market for More than Five Years Says Regulator On October 11 of last year, in a bland press release that drew little mainstream media attention, the Federal regulator of national banks, the Office of the Comptroller of the Currency, announced that Citibank
01/28/20	If they are not a trustee, why do they say they are?	Living Lies	If they are not a trustee, why do they say they are? It is often true that BONY, Deutsche, or US Bank et al will refer to themselves as “trustee” in the context of a REMIC trust that actually may not exist. They are merely following the party line for which they are being paid.
01/27/20	Wells Fargo executives are getting the treatment Wall Street deserved after 2008	The Week	Wells Fargo executives are getting the treatment Wall Street deserved after 2008 After the 2008 financial crisis, American lawmakers set a terrible precedent. The big banks faced billions in fines, and new regulations were imposed on them.
01/27/20	CFPB defines 'abusiveness' but draws advocates' fire	Banking Dive	CFPB defines 'abusiveness' but draws advocates' fire The Consumer Financial Protection Bureau (CFPB) clarified the definition of an "abusive" act or practice as one in which "the harm to consumers outweighs the benefit," according to an agency statement Friday.
01/27/20	MegaBank Tax Scam Hits Europe With Startling Similarities to Securitization	Living Lies	MegaBank Tax Scam Hits Europe With Startling Similarities to Securitization organized white-collar crime of unimaginable magnitude.” “Suffice it to say, the goal was to fool the financial system so that two investors could claim refunds for dividend taxes that were paid just once.”
01/24/20	How Bernie Sanders’ Radical Plan to Fix Markets Could Save Capitalism	Barrons	How Bernie Sanders’ Radical Plan to Fix Markets Could Save Capitalism Can a socialist reform markets? The idea might sound like a contradiction. But anyone interested in the health of the American economy needs to take a hard look at the policies of the often-caricatured Sen. Bernard Sanders. His ideas force a reckoning with assumptions embedded in American politics about who gets to have power in the marketplace.
01/24/20	What Happened To All The Homes Lost During The Foreclosure Crisis?	Texas Public Radio	What Happened To All The Homes Lost During The Foreclosure Crisis? After the Great Recession, hundreds of thousands of families lost their homes — but those houses and apartments didn’t disappear into thin air. Journalist Aaron Glantz studied what happened after the crash for his book: "Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream."
01/24/20	The Law Offices of Patrick Binakis Provides New York Homeowners Foreclosure Pro Bono Assistance at Nassau County Bar Association	Menafn	The Law Offices of Patrick Binakis Provides New York Homeowners Foreclosure Pro Bono Assistance at Nassau County Bar Association MENAFN - Newswire) WOODSIDE, N.Y., January 24, 2020(Newswire.com) - President and founder of the Law Offices of Patrick Binakis, P.C., Patrick Binakis, Esq., recently volunteered at the "NCBA Pro Bono Open House," held at the Nassau County Bar Association in Mineola, NY, where he assisted distressed homeowners facing foreclosures .
01/23/20	New York introduces legislation to create an electronic public banking platform and state digital currency	Public Banking Institute	New York introduces legislation to create an electronic public banking platform and state digital currency In November, New York State Assemblymember Ron Kim, Senator Julia Salazar, and Cornell law professor Robert Hockett, a member of the Public Banking Institute Advisory Board, announced their Inclusive Value Ledger (IVL) proposal. Jordana Rosenfeld reports in Vice that the bills — Assembly Ordinance 8686, and Senate Ordinance 6792 — would create the country’s first publicly owned electronic banking platform, as well as a digital currency that can be exchanged for goods and services within the state.
01/23/20	Goldman Sachs: The Vampire Squid’s Alum Control Two Fed Banks, the U.S. Treasury, the European Central Bank and the Bank of England	Wall Street On Parade	Goldman Sachs: The Vampire Squid’s Alum Control Two Fed Banks, the U.S. Treasury, the European Central Bank and the Bank of England The head of the Federal Reserve Bank of Dallas (Robert S. Kaplan), the head of the Federal Reserve Bank of Minneapolis (Neel Kashkari), the Secretary of the U.S. Treasury (Steve Mnuchin), the President of the European Central Bank (Mario Draghi) and the head of the Bank of England (Mark Carney) all have two things in common: they sit atop vast amounts of money and they are all alums of Goldman Sachs.
01/22/20	Nearly a Decade Ago, This Oakland Mom Protested and Won Her House Back	KQED	Nearly a Decade Ago, This Oakland Mom Protested and Won Her House Back Less than a mile from a West Oakland house that a group of mothers, widely known as Moms 4 Housing, occupied in protest against real estate speculation sits another house, another mom with a similar story.
01/22/20	The Man Who Advises the New York Fed Says It and Other Central Banks Are “Fueling a Ponzi Market”	Wall Street On Parade	The Man Who Advises the New York Fed Says It and Other Central Banks Are “Fueling a Ponzi Market” On Monday, a member of the New York Fed’s own Investor Advisory Committee on Financial Markets, Scott Minerd, published a critique which he headlined as follows: “Global Central Banks Fueling a Ponzi Market,” with this scary subhead: “Ultimately, investors will awaken to the rising tide of defaults and downgrades.”
01/21/20	Bernie Sanders Hasn’t Quite Captured What Wall Street Does: It’s Actually a Fraud-Monetization System with a Money-Printing Unit Called the New York Fed	Wall Street On Parade	Bernie Sanders Hasn’t Quite Captured What Wall Street Does: It’s Actually a Fraud-Monetization System with a Money-Printing Unit Called the New York Fed Senator Bernie Sanders has come closer than anyone on the Presidential campaign trail in defining what Wall Street actually does. Sanders has repeatedly stated at his rallies that “the business model of Wall Street is fraud.”
01/22/20	Did you get the loan? Did you Pay? Circular reasoning produces circular responses.	Living Lies	Did you get the loan? Did you Pay? Circular reasoning produces circular responses. It’s not like anyone can make any claim. To get in court you must own the claim and the claim must be real. If there is a hole in a parking lot that the supermarket should have fixed, that doesn’t mean YOU fell in it and got hurt. Maybe someone else did and they have a potential claim that they have not filed. Or maybe nobody got hurt and there is no claim.
01/21/20	CFPB planning to eliminate DTI requirement from QM lending rules	Housing Wire	CFPB planning to eliminate DTI requirement from QM lending rules Over the last several months, a number of the nation’s largest lenders and housing trade groups have called on the Consumer Financial Protection Bureau to make changes to the Ability to Repay/Qualified Mortgage rule.
01/19/20	$Billions$ in Welfare Go to Mega Banks Who Caused Financial Crisis	Living Lies	$Billions$ in Welfare Go to Mega Banks Who Caused Financial Crisis JPMorgan Chase, the largest bank in the world, made $36.4 billion in 2019. That was the highest profit of any bank in world history. The news, reported Tuesday, sent the company’s stock up by 2 percent. In the fourth quarter of 2019, the company took in $8.5 billion, also a record, making it the tenth largest publicly traded company in the world, with a market cap of $437 billion.
01/17/20	Interesting NY Ruling Creates Some Unusual Questions About Bank of America and Countrywide.	Living Lies	Interesting NY Ruling Creates Some Unusual Questions About Bank of America and Countrywide. As I have previously stated the alleged merger of Bank of America with Countrywide is by no means a foregone conclusion, although lawyers invoke the merger as the basis for ownership and authority over loans.
01/17/20	Here’s How the Fake Unemployment Number Was Created to Subdue Anger Against Wall Street	Wall Street On Parade	Here’s How the Fake Unemployment Number Was Created to Subdue Anger Against Wall Street On February 3, 2015, Jim Clifton, the Chairman and CEO of the iconic 85-year old polling company, Gallup, penned an article for his company in which he called the reported unemployment number issued by the U.S. Government “The Big Lie.”
01/16/20	BNY Mellon faces suit over foreclosures from the housing crash	The Real Deal	BNY Mellon faces suit over foreclosures from the housing crash Bank of New York Mellon faces a reckoning from residential foreclosure cases in New York that date back to the subprime mortgage crisis. The bank — along with its debt-collector partners Shellpoint Mortgage Servicing and law firm McCabe, Weisberg & Conway — are accused by a class-action lawsuit of systematically trying to foreclose on mortgages after the state’s six-year statute of limitations had passed.
01/15/20	Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales	Housing Wire	Former Fannie Mae employee gets 6 years in prison for making $1 million on shady foreclosure sales A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in exchange for selling Fannie Mae-owned foreclosures for less than market value.
01/15/20	JPMorgan’s Historic Earnings Confirm that Fed Loans Are Subsidizing Profits on Wall Street	Wall Street On Parade	JPMorgan’s Historic Earnings Confirm that Fed Loans Are Subsidizing Profits on Wall Street The New York Fed is back to subsidizing billions of dollars in profits at Wall Street’s trading houses, just as it did during the financial crisis.
01/14/20	Notarize makes notarization platform available to all financial institutions	MPA Mag	Notarize makes notarization platform available to all financial institutions Notarize has made its online notarization platform available to all financial institutions. Through the platform, members of credit unions and banks can now use their mobile devices and computers to sign and notarize documents in minutes.
01/14/20	Oregon Requires Certain Documents Related to Termination of Tenancy, Forcible Entry or Detainer, and Foreclosure to Include Information Regarding Assistance Available for Veterans	JDSUPRA	Oregon Requires Certain Documents Related to Termination of Tenancy, Forcible Entry or Detainer, and Foreclosure to Include Information Regarding Assistance Available for Veterans Oregon recently passed a bill, House Bill 2530 (HB 2530), which requires certain information regarding assistance that may be available to veterans be provided when a person sends or serves the following documents to a veteran: (i) a notice of termination of tenancy; (ii) a summons in an action for forcible entry or detainer; (iii) a summons in an action to foreclose a lien upon residential real property; and (iv) a notice of foreclosure of a residential trust deed. Specifically, these documents must include the following information:
01/14/20	‘Lost’ mortgage payment leads to foreclosure threats for Pasco woman	WFLA	‘Lost’ mortgage payment leads to foreclosure threats for Pasco woman AIRIPEKA, Fla. (WFLA) – First-time homebuyer Cortnie Norfleet tried to get ahead on her mortgage – and ended up threatened with foreclosure. Norfleet paid her first mortgage payment to Parkside Lending and then was notified the next day that her mortgage had been sold to the mortgage company Mr. Cooper.
01/14/20	Repo Securities: Where is the value paid for the debt?	Living Lies	Repo Securities: Where is the value paid for the debt? Hidden far away from public view and mainstream media is an enormous fight over who should suffer what loss over the labyrinth of defaults in the “mortgage bonds” also known as “mortgage backed certificates.” Within this fight it is clear that current law is simply nonexistent and ineffectual in achieving a legal or just result. It is the investors and borrowers who are consistently left out in the cold.
01/13/20	United States: United States Supreme Court Clarifies When The Statute Of Limitations For FDCPA Claims Begins To Run	Mondaq	United States: United States Supreme Court Clarifies When The Statute Of Limitations For FDCPA Claims Begins To Run In May 2018, we wrote about an interesting Fair Debt Collections Practices Act ("FDCPA") case in the Third Circuit. In that case, the en banc Third Circuit unanimously held that the FDCPA's one-year statute of limitations begins to run on the date that the violation occurs, not on the date that the plaintiff discovers the violation.

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