Daily News related to the Foreclosure Crisis The biggest unpunished heist in human history - Max Keiser |
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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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05/26/23 |
US mortgage giants were placed on credit watch. Here’s what that means for home buyers | CNN |
US mortgage giants were placed on credit watch. Here’s what that means for home buyers
Washington, DC
CNN
—
The credit ratings of US mortgage giants Freddie Mac and Fannie Mae were put on watch for possible downgrade by Fitch Ratings late Thursday. A downgrade is not expected to happen, as a deal to resolve the debt ceiling standoff continues to be worked out in Washington, but even the warning is having an impact on mortgage rates.
The warning came because the ratings for Fannie Mae and Freddie Mac are linked to the sovereign rating of the United States. The watch is a result of the ratings agency warning on Wednesday that America’s credit rating could be downgraded if the debt limit showdown was not resolved soon.
Negotiations on the debt limit continue in the House of Representatives between mediators from the Biden administration and Speaker of the House Kevin McCarthy, R-Calif., at the Capitol in Washington, Wednesday, May 24, 2023. (AP Photo/J. Scott Applewhite)
The latest on the debt ceiling impasse
Fannie and Freddie, which guarantee roughly 70% of the country’s mortgages, do not directly issue mortgages to borrowers, but instead buy mortgages from lenders and repackage them for investors. They are each a government-sponsored enterprise, or GSE, chartered by Congress.
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05/25/23 |
New Evidence Emerges that the Investigation of the Fed’s Trading Scandal by the Inspector General Has Been a Coverup from the Beginning | Wall Street On Parade |
New Evidence Emerges that the Investigation of the Fed’s Trading Scandal by the Inspector General Has Been a Coverup from the Beginning Unlike his three immediate predecessors who chaired the Federal Reserve (Janet Yellen, Ben Bernanke and Alan Greenspan), who all had doctoral degrees in economics, the current Fed Chairman, Jerome Powell, has a law degree from Georgetown University. Given his legal education, one might have expected that when Fed Chair Powell became aware of the largest trading scandal in the Fed’s history in September of 2021, he would have done his legal due diligence to determine where to refer the matter for investigation. |
05/25/23 |
What do I ask? | Living Lies |
What do I ask? Because most lawyers and homeowners think they “know” the self-evident answers, they don’t ask the questions that would completely destroy the case against them. Just make a note that unless you ask, there is no obligation to give you answers. And unless you seek enforcement, the violation of the rules will go unnoticed and will not be a proper subject on appeal. You must ask in a timely, appropriate and proper manner. Your question must be clear as a bell. If your question is vague, then that invites evasive answers. |
05/25/23 |
Keep Profits From Tax-Foreclosed Homes | Investopedia |
Keep Profits From Tax-Foreclosed Homes If your local government seizes your property and sells it at an auction over unpaid taxes, they’re no longer allowed to keep the profits, the Supreme Court ruled Thursday. In the unanimous ruling, the court sided with Geraldine Tyler, 94, a Minneapolis resident whose condo was seized by Hennepin County in 2015 over $2,300 in unpaid property taxes and $12,700 in penalties and interest. While tax lien foreclosures are well-established law, the controversial part was what happened next: the county sold her house at an auction for $40,000 and kept the difference. |
05/25/23 |
Distraught homeowner’s blind faith resulted in loan Servicer initiating foreclosure after denying assistance | NonProfit Alliance of Consumer Advocates |
Distraught homeowner’s blind faith resulted in loan Servicer initiating foreclosure after denying assistance
PALMDALE, CA, USA, May 25, 2023/EINPresswire.com/ -- In a heartwarming turn of events, the Nonprofit Alliance of Consumer Advocates has rescued distressed homeowner Yoni Majano, who found themselves trapped in blind faith due to someone close to the family. In 2019, the homeowner purchased a second house with a significantly higher interest rate based on false information that they would receive assistance from the lender to refinance and lower their rates. They were advised not to pay the mortgage on the second house.
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05/23/23 |
Why homeowners should consider interlocutory appeals from orders denying enforcement of discovery demands | Living Lies |
Why homeowners should consider interlocutory appeals from orders denying enforcement of discovery demands The practical effect of denial of discovery demands by the trial court is a ruling in favor of the party making a claim against the homeowner — even if the party had no standing. The homeowner is forced to litigate against a ghost — like going to a gunfight with no guns and no bullets. Most homeowners cannot afford to enter into a needless period of litigation with a party who lacks standing. Hence the ultimate result is the loss of a homestead to a fake claimant who may not even exist. |
05/23/23 |
The Fed Has a New Scandal on Its Hands: Colluding with Central Banks to Rig Libor; Evidence Is Being Tweeted Out | Wall Street On Parade |
The Fed Has a New Scandal on Its Hands: Colluding with Central Banks to Rig Libor; Evidence Is Being Tweeted Out The Fed has been under non-stop scandals for the past two years. It pumped out trillions of dollars in repo loans to Wall Street’s casino banks beginning on September 17, 2019 and then made up a hokey excuse to cover up its massive bailout of banks it is incompetent to supervise. After former Dallas Fed President, Robert Kaplan, was caught trading like a hedge fund kingpin while sitting on confidential Fed information, the Fed’s Board of Governors had the audacity to refer the matter to its own Inspector General, who reports to the Fed’s Board of Governors and can be fired by it. Not surprisingly, 19 months later there’s still no word on this investigation. |
05/22/23 |
Attorney Richard Antognini Score Big Win in California | Living Lies |
Attorney Richard Antognini Score Big Win in California Here is a case where a lawyer took the trouble to parse the words and documents down to their essence. And he won under circumstances where virtually all other attorneys and judges would have predicted defeat. This is what I have been talking about. The case decision is important for several reasons. |
05/22/23 |
The Banking Crisis for the Biggest U.S. Banks Began in April 2022; By December 14 They Had Shed $457 Billion of Deposits | Wall Street On Parade |
The Banking Crisis for the Biggest U.S. Banks Began in April 2022; By December 14 They Had Shed $457 Billion of Deposits
Pretty much everything the average American has read about the banking crisis is wrong. And there is at least a prima facie case that could be made that Big Media is responsible for that misinformation.
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05/19/23 |
New dataset traces Milwaukee’s long foreclosure crisis | Marquette Law School |
New dataset traces Milwaukee’s long foreclosure crisis
The dramatic consequences of the late 2000s subprime mortgage crisis on Milwaukee neighborhoods are well known, but specific data on foreclosures has been remarkably difficult to come by.
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05/18/23 |
Fake Foreclosures Using the Fannie Mae Name | Living Lies |
Fake Foreclosures Using the Fannie Mae Name
The central issue is not whether the homeowner owes a “servicer” any money. The central issue is whether the homeowner owes a creditor money.
Wall Street securities firms (Investment Banks) have many tricks by which they make fictitious claims appear to come alive. It is like those movies in which animated characters join the “Real-Life” figures. We accept this because we are there to be entertained, and we do not concern ourselves that neither animated characters nor the “real-life” characters are, in fact, real. They are imaginary, and we watch them to be entertained. And to be entertained, we must accept the story and characters as true.
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05/18/23 |
The Banking Crisis Has Produced Extraordinary Testimony about Land Mines Lurking in the U.S. Banking System | Wall Street On Parade |
The Banking Crisis Has Produced Extraordinary Testimony about Land Mines Lurking in the U.S. Banking System
On Wednesday, March 8 of this year, the holding company for the federally-insured Silvergate Bank announced it was winding down the bank. It had little choice but to do so. It was experiencing a bank run and had incinerated its reputation by focusing on deposits from crypto companies, including those majority-owned by indicted crypto kingpin, Sam Bankman-Fried.
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05/18/23 |
Out-of-state banks own nearly all of Bangor’s vacant homes | Bangor Daily News |
Out-of-state banks own nearly all of Bangor’s vacant homes
Nearly all of Bangor’s vacant residential properties are owned by out-of-state banks or investment holdings, according to the city’s code enforcement director. And it can be difficult, if not impossible, to track down the right person to facilitate a sale.
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05/17/23 |
Why $1 Billion Settlement Won’t Stop Wells Fargo or Anyone Else From Starting Fake Accounts | Living Lies |
Why $1 Billion Settlement Won’t Stop Wells Fargo or Anyone Else From Starting Fake Accounts The problem with free speech is that it enables people to lie without fear. It is the dominant method of securing patrons for your business, votes for your candidate, and investors for your stock. Although frequently illegal, it doesn’t stop anyone from doing it. Only the lowly go to jail. The real big liars go on to make more pornographic profits. The recent $1 Billion Settlement between Wells Fargo and its investors highlights this continuing problem. |
05/16/23 |
While you were sleeping, your client lost their house | Living Lies |
While you were sleeping, your client lost their house Bill Paatalo published his analysis and frustration with the way that lawyers create “shades of gray” when there is nothing to be seen. See |
05/15/23 |
Foreclosure: To Appeal or not to Appeal | Living Lies |
Foreclosure: To Appeal or not to Appeal The best practical time to challenge the pretender lender in any jurisdiction is when the homeowner receives a “notice” (usually unsigned) announcing that some company is now their servicer. That is a lie, and effective use of the Administrative Process provided by statute can stop them. |
05/14/23 |
'We can help': Non-profit organization offering help to eligible Texas homeowners at risk of foreclosure | 12 News Now |
'We can help': Non-profit organization offering help to eligible Texas homeowners at risk of foreclosure BEAUMONT, Texas — For some Americans, it is getting harder to make ends meet amid the rising cost of housing. Some homeowners are at risk of foreclosure, and a Southeast Texas non-profit organization is hoping to provide them with relief. Kirkni Richardson works with Legacy Community Development. The non-profit organization has taken in 1,000 applications from Southeast Texas families for a homeowners assistance program. |
05/14/23 |
6th Circuit: Tennessee judicial foreclosure time-barred | JD Supra |
6th Circuit: Tennessee judicial foreclosure time-barred On May 4, the U.S. Court of Appeals for the Sixth Circuit affirmed a lower court’s decision in a judicial foreclosure action, holding that a bank’s lawsuit was barred by Tennessee’s 10-year statute of limitations for actions to enforce liens on real property. The appellate court also refused to establish an equitable lien on the property in favor of the bank. |
05/12/23 |
A Holder is not a Holder in Due Course | Living Lies |
A Holder is not a Holder in Due Course The second requirement is usually completely ignored by the homeowner, the lawyers, and the judge. But it is still there. The possessor of the note, once that is established and confirmed by competent evidence, must allege and prove that it is authorized to enforce the note. By legal definition accepted in all jurisdictions, a holder is not a holder in due course even if they satisfy the two aforesaid requirements |
05/11/23 |
Why you would use a declaration or affidavit from anyone | Living Lies |
Why you would use a declaration or affidavit from anyone
Why you would use a declaration or affidavit from anyone:
As context for QWR and DVL demands. |
05/11/23 |
At Year End, 4,127 U.S. Banks Held $7.7 Trillion in Uninsured Deposits; JPMorgan Chase, BofA, Wells Fargo and Citi Accounted for 43 Percent of That | Wall Street On Parade |
At Year End, 4,127 U.S. Banks Held $7.7 Trillion in Uninsured Deposits; JPMorgan Chase, BofA, Wells Fargo and Citi Accounted for 43 Percent of That If the dark secrets about the U.S. banking system that federal regulators have been keeping since the financial crash of 2008 are allowed to be aired in public Congressional hearings as a result of the current banking crisis – and mainstream media will grow a backbone and cover those hearings – it could help the U.S. avoid a catastrophic financial reckoning down the road. |
05/11/23 |
FORECLOSURE ACTIVITY NATIONWIDE SHOWS SLIGHT DECLINE IN APRIL 2023 | Attom Data |
FORECLOSURE ACTIVITY NATIONWIDE SHOWS SLIGHT DECLINE IN APRIL 2023 IRVINE, Calif., May 11, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its April 2023 U.S. Foreclosure Market Report, which shows there were a total of 32,977 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 10 percent from a month ago but up 8 percent from a year ago. |
05/10/23 |
Getting your words and their words straight in foreclosure litigation | Living Lies |
Getting your words and their words straight in foreclosure litigation I am having a spirited exchange with a very experienced trial lawyer on the West Coast. We are discussing whether some declaration should be filed in a pending case where a Motion for Summary Judgment is pending. My answer is no, but a procedural objection should be raised on two grounds: |
05/09/23 |
How good is an “expert” affidavit in foreclosure litigation | Living Lies |
How good is an “expert” affidavit in foreclosure litigation Very few people have studied the use of expert testimony, and fewer still have understood it. Start with the basics: An Expert is a person with knowledge beyond the scope of knowledge of the judge. So if you want someone accepted as an expert, you need to show that it is more likely than not that this witness will testify about something that the court concedes (formally or informally) it does not yet know. |
05/08/23 |
Deposits at JPMorgan Chase, Bank of America and Wells Fargo Shrank by $465 Billion Y-O-Y; More than Twice the Total of 4,000 Small Banks | Wall Street On Parade |
Deposits at JPMorgan Chase, Bank of America and Wells Fargo Shrank by $465 Billion Y-O-Y; More than Twice the Total of 4,000 Small Banks Since the banking crisis began making headlines at expensive media real estate, the narrative has been that deposits are fleeing the small commercial banks and flooding into the biggest banks that are perceived as too-big-to-fail and thus offer a safer venue for deposits. Because these mega banks are the same ones that the Fed has been bailing out since the financial crisis of 2008, that narrative requires believing that our fellow Americans are dumber than a stump. |
05/03/23 |
We just want to stay in our home’: Springfield residents protest decision to foreclose a woman’s house | Western Mass News |
We just want to stay in our home’: Springfield residents protest decision to foreclose a woman’s house SPRINGFIELD, MA. (WGGB/WSHM) - A rally tonight in Springfield to keep one local woman’s house from being foreclosed. Dozens of Springfield residents came out to show their support for a local woman who’s fighting to stay in her house on Wednesday night. “We just want to stay in our home,” said Barbara Williams. Barbara Williams has lived in her Springfield house for more than a decade. After losing her job in 2016, Williams said Fannie Mae started the foreclosure process. “I purchased my house in good faith,” said Williams. “I lost my job and I fell behind in my payments. Now I have regained my income, I have remarried. I raised my children here and I had one child left at home when my house was foreclosed on.” Wednesday night, friends, neighbors, and community leaders gathered at her house protesting the efforts to take back Williams’ home. The rally was organized by the Springfield No One Leaves organization, which fights to keep locals in their home following foreclosures. “We’re always there to help,” said Sue Gamelli, one of the organizers. “We are not a service organization, what we teach you to do is to fight for yourself.” |
05/03/23 |
This Maine foreclosure has taken more than a decade. All that’s left is an empty lot. | Bangor Daily News |
This Maine foreclosure has taken more than a decade. All that’s left is an empty lot.
A Sanford man abandoned his home after he lost his job in 2010 and could no longer pay the mortgage.
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05/03/23 |
Governor Hochul Announces Support For Homeowners, Tenants and Public Housing Residents As Part of FY 2024 Budget | New York State |
Governor Hochul Announces Support For Homeowners, Tenants and Public Housing Residents As Part of FY 2024 Budget
Adds $391 Million for New York's Emergency Rental Assistance Program to Support Thousands More Tenants and Families, Including New York City Housing Authority Residents and Section 8 Voucher Recipients
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05/03/23 |
Short Sellers Cratered Silvergate Bank and First Republic; They’re Now Targeting PacWest and Numerous Other Regional Banks | Wall Street On Parade |
Short Sellers Cratered Silvergate Bank and First Republic; They’re Now Targeting PacWest and Numerous Other Regional Banks
President Joe Biden is putting the national security of the United States at risk by not suspending the short-selling of federally-insured banks. Concerns over the safety and soundness of the U.S. financial system could cause money flight out of the U.S., impacting the strength of the U.S. dollar and a loss of confidence by our foreign allies.
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05/03/23 |
Who is a legally authorized servicer? | Living Lies |
Who is a legally authorized servicer? Here is a simple tip: if the same company is named in other similar actions and that company did not receive the proceeds of the repossession or foreclosure, then the claim and the process was faked through and through. Hint: ask for proof or even a statmeent under oath that the company named as “creditor” is inteded and expected to receive money from the successful outcome of the repo or foreclosure. |
05/02/23 |
Homeowner Strategy in Foreclosure Litigation | Living Lies |
Homeowner Strategy in Foreclosure Litigation Court procedure is a long and tedious process during which the parties make their points and counterpoints. If you don’t make the point evident, you lose. If you don’t make the counterpoint, you lose. If you lose, the opposition wins. This is about the rules, not justice or the pursuit of truth. |
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