Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
09/30/21	Regulation, forbearance leaves mortgage servicers in a bind	Housing Wire	Regulation, forbearance leaves mortgage servicers in a bind The COVID-19 pandemic has caused historic, unprecedented challenges for mortgage servicers. Forbearance deadlines get pushed back seemingly in perpetuity, and an unproven, inconsistent technology infrastructure has the potential to result in a series of foreclosure and loss mitigation crises.
09/29/21	Meet Rohit Chopra, the new CFPB director	Housing Wire	Meet Rohit Chopra, the new CFPB director The mortgage industry collectively shuddered today as the Senate approved Rohit Chopra as director of the Consumer Financial Protection Bureau for a five-year term.
09/28/21	Loan origination complaints spike during pandemic	Housing Wire	Loan origination complaints spike during pandemic Loan origination-related consumer complaints rose significantly over the first 18 months of the COVID-19 pandemic, according to a Consumer Financial Protection Bureau’s (CFPB) report published last week.
09/28/21	Free Law Project Creates the First Online Database of Federal Judicial Financial Disclosures	Free Law Project	Free Law Project Creates the First Online Database of Federal Judicial Financial Disclosures At Free Law Project, our mission is to make legal information free and open to all, and especially to journalists, researchers, and academics. That is why we are excited to announce the creation of a new, first-of-its-kind database of federal judicial financial records.
09/28/21	Federal judges say they 'mistakenly' broke the law in these cases. Yeah, right.	MSNBC	Federal judges say they 'mistakenly' broke the law in these cases. Yeah, right. A report Tuesday in The Wall Street Journal found rampant lawlessness among the federal judiciary, with more than 130 judges hearing cases in which they had a financial interest.
09/28/21	That “Servicer” is Not What You Think It Is and Definitely What They Say They Are	Living Lies	That “Servicer” is Not What You Think It Is and Definitely What They Say They Are You definitely need a licensed trial attorney representing you. I know it is difficult to find, but start looking like your life depended upon it. Right now, from a bird’s eye view, most people would conclude that everything looks right with the chain of title. You need to educate a lawyer and judge so that they take a closer look.
09/27/21	Suing the REMIC Trustee is a good idea but it is tricky	Living Lies	Suing the REMIC Trustee is a good idea but it is tricky All causes of action against the REMIC trustee are going to be tricky. By contract, they have no duties and no responsibility for anything that happens with the trust. In court, they never actually appear.
09/26/21	LoanDepot Whistleblower Files Suit for Retaliation, Revealing the Continuation Same Practices as the 2008 Crisis	Living Lies	LoanDepot Whistleblower Files Suit for Retaliation, Revealing the Continuation Same Practices as the 2008 Crisis “Tammy Richards, the former head of operations at loanDepot, said the company’s founder was behind a scheme to flout regulations.” NY Times.
09/24/21	Anonymous donor saves ex-Cuban political prisoner from homelessness in Miami	Local10	Anonymous donor saves ex-Cuban political prisoner from homelessness in Miami MIAMI – Ana Rodriguez was preparing to live in her car outside of the Versailles Cuban Bakery in Miami’s Little Havana. The former Cuban political prisoner and author had packed everything from the home where she had lived for decades. She had never imagined she would be homeless at 82 years old. A Cuban-American businessman who wishes to remain anonymous prevented the tragedy. Rodriguez met him in person and he made him a promise that he kept.
09/24/21	New Fair Debt Collection Practices Act (FDCPA) take effect November 30, 2021	NCLC	New Fair Debt Collection Practices Act (FDCPA) take effect November 30, 2021 The first comprehensive federal debt collection regulations interpreting the Fair Debt Collection Practices Act (FDCPA) take effect November 30, 2021. This article summarizes new Consumer Financial Protection Bureau (CFPB) Regulation F with links to free resources
09/24/21	FHFA extends multifamily forbearance indefinitely	Housing Wire	FHFA extends multifamily forbearance indefinitely Multifamily property owners who are struggling to make mortgage payments due to the COVID-19 pandemic now will have access to forbearance programs indefinitely in the case of loans backed by Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) announced today. Forbearance options for multifamily mortgages backed by the GSEs were set to expire on Sept. 30, but the FHFA has extended until needed.
09/24/21	Homeowners Have Gained $2.9 Trillion in Equity	The M Report	Homeowners Have Gained $2.9 Trillion in Equity CoreLogic’s Homeowner Equity Report for the second quarter of 2021 has found that U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 29.3% year-over-year, a collective equity gain of more than $2.9 trillion, and an average gain of $51,500 per borrower, since Q2 of 2020.
09/24/21	Watch Out for ” Freedom-Financial” — another enterprise that says they will get you out of debt when they make money by getting you deeper in debt.	Living Lies	Watch Out for ” Freedom-Financial” — another enterprise that says they will get you out of debt when they make money by getting you deeper in debt. You get an email soliciting you to call or submit information. If you don’t look at the return email address you might think it was coming from a licensed company. It even has a “Disclosure box” at the bottom name-dropping various banks and financial entities to make it look good.
09/23/21	Organization helps people prevent foreclosures, achieve homeownership	NBC12	Organization helps people prevent foreclosures, achieve homeownership RICHMOND, Va. (WWBT) - Home of Virginia is helping people prevent foreclosures, along with helping people achieve the milestone of homeownership. During the pandemic, many of Home of Virginia’s clients have been facing a lack of employment or inconsistent work hours, leading to financial challenges. Many people are on mortgage forbearance, but that will be ending soon, especially for people who have been on it since March 2020. Shari Williams, a foreclosure prevention specialist, is working to keep clients in their homes.
09/23/21	1.5 Million Americans Face a Financial Cliff as Mortgage Forbearance Ends. These Are Their Options	Time	1.5 Million Americans Face a Financial Cliff as Mortgage Forbearance Ends. These Are Their Options If it hadn’t been for a mortgage forbearance program, Destiny Blackmon says she could have lost her home. A photo of Destiny Blackmon and her husband Destiny Blackmon and her husband pose for a photo at the site of their new home construction in 2017.Courtesy of Destiny Blackmon Blackmon had just returned to work after dealing with a medical issue when the COVID-19 pandemic hit
09/23/21	It’s fraud when people do it but not when banks do it.	Living Lies	It’s fraud when people do it but not when banks do it. In a land supposedly subject to equal protection under the laws, the reality is far different. The use of fraudulent documents to defraud banks lands the perpetrator in prison and all his assets seized.
09/22/21	Foreclosure Starts Rise Following Moratorium Expiration	Mortgage News daily	Foreclosure Starts Rise Following Moratorium Expiration Delinquencies hit a new post-pandemic low in August as the national delinquency rate fell by 84,000 loans or 3.48 percent compared to July. It was 41.84 percent below the level in August of 2020.
09/22/21	Holy Crap! This COURT OPINION (IN RE DAVIS) is everything I have been saying about rescission, procedure, pleading, proof, the burden of proof and the intent of the financial community to commit fraud upon homeowners and the courts.	Living Lies	Holy Crap! This COURT OPINION (IN RE DAVIS) is everything I have been saying about rescission, procedure, pleading, proof, the burden of proof and the intent of the financial community to commit fraud upon homeowners and the courts. “BOA also submitted satisfactions of mortgage listing the face amount of loans to the Debtor that were satisfied, but these documents do NOT demonstrate the balance owed or WHO satisfied them.” (e.s.)
09/21/21	A closer look at the 2008 financial crash	Krystal Kyle & Friends	A closer look at the 2008 financial crash This Friday’s guests on Krystal Kyle & Friends will offer us some devastating, much-needed insight into the 2008 financial crisis — taking a careful look at the system that allowed the financial industry to destroy the stability, homes, and livelihoods of countless Americans.
09/21/21	In Big Affordable Housing Lawsuits, Boston Firm Nixon Peabody Is Taking The Side Of The Investors	WBUR	In Big Affordable Housing Lawsuits, Boston Firm Nixon Peabody Is Taking The Side Of The Investors The Boston law firm Nixon Peabody has built a national reputation in affordable housing — advising nonprofits and developers, churches and housing authorities. The firm boasts lawyers who’ve had a hand in “every major federal affordable housing initiative in the last 40 years.”
09/21/21	Wells Fargo Bitch Slapped With $400 Million Investor Lawsuit Alleging Bank Failed To Protect Investors Over Robo-Signing	MFI-Miami	Wells Fargo Bitch Slapped With $400 Million Investor Lawsuit Alleging Bank Failed To Protect Investors Over Robo-Signing Wells Fargo bitch slapped with a robo-signing lawsuit? Yes, and this time it’s from bond investors. Taconic Capital Advisors filed a $400 million suit against Wells Fargo in New York Supreme Court. The suit alleges
09/21/21	Who gets a QWR or DVL and When?	Living Lies	Who gets a QWR or DVL and When? After some reflection, legal research and analysis I have come to the conclusion that a very good way for homeowners to put tracks in the sand that they can use later with success is to use the following protocol — subject to the opinion of local counsel:
09/20/21	Lawlessness in Courts Inspires Lawlessness on the Streets	Living Lies	Lawlessness in Courts Inspires Lawlessness on the Streets A society without rules is not a society. As Americans we agree, at birth or naturalization, to follow the rules. And between the executive branch of government that enforces the rules and the judicial branch of government that applies the rules to decide controversies, we know we live in a country people and businesses will be governed by the rules.
09/18/21	A New Housing Regulator Could Make The American Dream More Accessible For Millions	NPR	A New Housing Regulator Could Make The American Dream More Accessible For Millions The Biden administration is close to announcing the nomination of a key regulator with broad powers to change the $11 trillion mortgage market and reshape the American dream of homeownership, sources tell NPR.
09/17/21	Mortgage foreclosures rise as moratorium ends: Options for homeowners who might be at risk	Fox Business	Mortgage foreclosures rise as moratorium ends: Options for homeowners who might be at risk Foreclosure activity is likely to remain slightly elevated over the next three months after rising in August, according to a new report from ATTOM, a mortgage data company and parent company of foreclosure marketplace RealtyTrac.
09/17/21	FEDERAL RESERVE Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic	CNBC	FEDERAL RESERVE Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying, including Chairman Jerome Powell.
09/17/21	Where is government when you need it?	Living Lies	Where is government when you need it? In practice, the current foreclosure practices, which violate substantive, procedural, and evidentiary law at every turn represent a form of extortion upon the American homeowner. Government agencies continue to ignore the obvious and outright deceit and trickery involved in the sale of securities that do not sell loans, and the foreclosure of loans that no longer exist.
09/15/21	Bill Paatalo Explains His Findings in Common “Rent-A-Charter” Scheme Employed by Banks	Living Lies	Bill Paatalo Explains His Findings in Common “Rent-A-Charter” Scheme Employed by Banks Anyone who has participated in or investigated Organized Crime knows that the key ingredient for success of the enterprise is paying people to take the heat if the situation gets sticky. You just need to pay them enough to do your bidding. Investment Banks have institutionalized this concept with their use of an illegal “Rent-A-Charter” scheme. It’s entirely illegal but it works because it looks legal (facially valid).
09/15/21	FHFA Issues Notice of Proposed Rulemaking to Amend the Enterprise Regulatory Capital Framework	FHFA	FHFA Issues Notice of Proposed Rulemaking to Amend the Enterprise Regulatory Capital Framework ?????Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comment on a notice of proposed rulemaking that would amend the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac (the Enterprises).
09/14/21	The Legacy Of Racist Housing Covenants And What's Being Done To Eradicate Them In Home Deeds	WBUR	The Legacy Of Racist Housing Covenants And What's Being Done To Eradicate Them In Home Deeds Several states are moving to make it easier for homeowners to strike language in the fine print of home deeds that restricts sales to people of color. Racially restrictive covenants — legal contracts embedded in property deeds — have long been unenforceable and have left a legacy of housing discrimination.
09/14/21	Treasury removes restrictions on investment properties	Housing Wire	Treasury removes restrictions on investment properties Suspension of recent PSPA amendments restricting Fannie Mae and Freddie Mac is in line with administration's goal to boost housing supply
09/14/21	Miami-Dade mayor steps in to keep 82-year-old former Cuban political prisoner from being evicted	Local10	Miami-Dade mayor steps in to keep 82-year-old former Cuban political prisoner from being evicted MIAMI – Tuesday was the deadline for a South Florida senior citizen fighting to stay in her home. A judge refused to issue a stay for an eviction order, but Miami-Dade County Mayor Daniella Levine Cava stepped in at the last minute. “Almost a certainty that Ana was going to be thrown out on the street,” said attorney David Winker. “We were making contingency plans on where she was going to go this morning.”
09/14/21	The “argument” over evidence	Living Lies	The “argument” over evidence The argument between well intentioned people over “evidence” stems mostly from an erroneous understanding of the legal definition of the word “evidence.” Evidence is not simply information. Evidence is any document, exhibit or testimony that is admitted by a judge into the court record as being probative of the truth of a fact that is asserted or implied.
09/13/21	Long Island Man Pleads Guilty to Mortgage Fraud Scheme	Living Lies	Long Island Man Pleads Guilty to Mortgage Fraud Scheme Dear SDNY: You probably got the wrong guy. He can’t be guilty of stealing anything if there was no victim. You portray the victims as homeowners. They indeed were victims but not the victims of this defendant. They were the victims of fraudulent foreclosures on behalf of entities that had no right, title, or interest in the underlying debt and who therefore could claim no injury from non-payment.
09/13/21	MORTGAGE FORBEARANCE ALERT! Don’t Be Caught Facing Foreclosure. You Have Options!	MFI-Miami	MORTGAGE FORBEARANCE ALERT! Don’t Be Caught Facing Foreclosure. You Have Options! MORTGAGE FORBEARANCE ALERT! Some homeowners will soon come to the end of their 18-month mortgage forbearance period. As a result, borrowers affected by the pandemic will have to figure out how to repay their back payments. Fortunately, most loan servicers don’t want to foreclose. Believe it or not, lenders don’t want to foreclose. Therefore, they are offering several repayment options than can help keep borrowers in their homes.
09/13/21	Twelve-tips-homeowners-after-natural-disasters	NCLC	Twelve-tips-homeowners-after-natural-disasters In the wake of recent natural disasters, two detailed new sections covering homeowner rights and risks following a natural disaster have been added to NCLC’s Mortgage Servicing and Loan Modifications Chapter 12. For a limited time, no subscription is required for access to Chapter 12 (also including a third section on special COVID rights).
09/12/21	Opinion \| It’s Time to Dismantle America’s Residential Caste System	Politico	Opinion \| It’s Time to Dismantle America’s Residential Caste System America is starkly divided between neighborhoods that benefit from overinvestment and those that suffer from disinvestment. But identifying the geography of racial inequality also offers a mechanism for change.
09/12/21	Elderly Miami woman claims bank used forged documents to foreclose on her home	Local10	Elderly Miami woman claims bank used forged documents to foreclose on her home An 82-year-old South Florida woman is continuing to fight foreclosure. MIAMI – An 82-year-old South Florida woman is continuing to fight foreclosure. A final 24-hour eviction notice was placed on Ana Rodriguez’s door on Sunday. She is a former Cuban political prisoner. “When I saw the eviction, I feel it was so cruel to do that in this day,” Rodriguez said during a press conference on Sunday.
09/10/21	The Week Ahead: Examining the State of the Housing Market	The M Report	The Week Ahead: Examining the State of the Housing Market On Friday, September 17, the Harvard Joint Center for Housing Studies will present a webinar titled “The State of the Nation’s Housing” from 11:15-12:15 p.m. CDT. In this presentation, Daniel McCue, a Senior Research Associate at the Center, will discuss “The State of the Nation’s Housing 2021,” a report authored by the Center analyzing trends in the market over the past year.

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