Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
07/31/17	Elizabeth Warren Finds $12 Billion in Bank Theft Against Americans, Then GOP Wants to Shut It Down	Bluedotdaily.com	Elizabeth Warren Finds $12 Billion in Bank Theft Against Americans, Then GOP Wants to Shut It Down The Consumer Financial Protection Bureau just celebrated its sixth anniversary, but the Trump administration decided to start the process of killing it last week by seeking to nullify the agency’s progress regarding an arbitration rule.
07/29/17	A Pattern of Deception	HOWARD ON MORTGAGE FINANCE	A Pattern of Deception On July 19, Judge Margaret Sweeney unsealed 33 additional documents produced in discovery for the lawsuit brought by the Fairholme Funds in the U.S. Federal Court of Claims. They were made available to the public early last week.
07/29/17	Pro Per Homeowner WINS tide-changing case in California Appellate Court 5th District: GULIEX v. PENNYMAC HOLDINGS LLC	Mathews-street-america.net	Pro Per Homeowner WINS tide-changing case in California Appellate Court 5th District: GULIEX v. PENNYMAC HOLDINGS LLC Hoorays are ringing out in California! Another furtherance of remedy and right-thinking standing on the shoulders of 2016's CA State Supreme Court's other game-changing ruling on "borrower's standing" in YVANOVA. Here the GULIEX court on appeal found: "(Yvanova, supra, 62 Cal.4th at pp. 929, fn. 4, 937.) Based on Yvanova, the order sustaining the demurrer to the first three causes of action in Borrower's amended complaint cannot be upheld due to an absence of standing. Under Yvanova, Borrower has standing to challenge a foreclosure by an unauthorized entity."
07/29/17	Housing Bubble II: Bubble, Bubble, Toil and Trouble	Living Lies	Housing Bubble II: Bubble, Bubble, Toil and Trouble This isn’t your father’s housing and mortgage market- Mark Hanson, Real Estate Analyst https://www.mhanson.com/ In 2007 the largest housing bubble in American history was inflating and literally popped overnight. The Mainstream media would prefer that you focus on the DC Circus Show than on the Case-Shiller charts that indicate that 2017 looks eerily familiar.
07/29/17	We stand corrected: Treasury Secretary Steve Mnuchin is the Mafia Kingpin of Robosigners	Living Lies	We stand corrected: Treasury Secretary Steve Mnuchin is the Mafia Kingpin of Robosigners CNN is reporting that One West’s Steve Mnuchin is demanding that you don’t call him, ‘the Foreclosure King.’ The authors at Livinglies would be happy to oblige him. From now on we will refer to Steve Mnuchin as the Mafia Kingpin of Robosigners. Mnuchin is correct, he shouldn’t be treated as Royalty, but as the organized crime leader he is.
07/28/17	AG Healey Leads 20 State Coalition Urging Congress to Protect Legal Rights of Victimized Consumers	The Official Website of the Attorney General of Massachusetts	AG Healey Leads 20 State Coalition Urging Congress to Protect Legal Rights of Victimized Consumers Leads Coalition of State Attorneys General in Letter to U.S. Senate Leadership BOSTON – Attorney General Maura Healey led a coalition of 20 attorneys general in urging U.S. Senate leaders not to repeal the Consumer Financial Protection Bureau’s (CFPB) Arbitration Rule, which stops companies from forcing consumers to sign away their legal rights.
07/27/17	Treasury Secretary Mnuchin: Do not call me the 'foreclosure king'	CNN	Treasury Secretary Mnuchin: Do not call me the 'foreclosure king' Whatever you do, don't call Steven Mnuchin 'the foreclosure king.' It really ticks him off. Democrats and housing advocates bestowed the title on Mnuchin after he was named by President Trump to serve as Treasury Secretary. They accused Mnuchin of having profited from the 2008 financial crisis by foreclosing on thousands of distressed homeowners while he was owner of housing lender IndyMac, which later was renamed OneWest.
07/27/17	Who is killing the CFPB’s arbitration rule?	Publicintegrity.org	Who is killing the CFPB’s arbitration rule? Big Banks back representatives leading effort to stop regulation protecting right to class-action lawsuits The financial industry’s hefty investment in the campaigns of House members appeared to pay off this week when that chamber voted to kill a new rule that allows consumers to file class-action lawsuits against banks and other institutions.
07/27/17	The Treasury Secretary Just Lied Under Oath	The Nation	The Treasury Secretary Just Lied Under Oath Steve Mnuchin and Joseph Otting, the only two CEOs in the short and ignominious history of OneWest Bank, both testified before Congress on Thursday.
07/27/17	CA 5th DCA: Magical Presumptions Are Not Enough	Living Lies	CA 5th DCA: Magical Presumptions Are Not Enough Finally the courts are coming back to real law as opposed to invented doctrine designed to let the banks win. The significance of this case cannot be overstated.
07/27/17	Bid Fraud — Costly Errors to County Clerks and Buyers	Living Lies	Bid Fraud — Costly Errors to County Clerks and Buyers The moral of the story is don’t believe the title record, don’t believe the County Clerk, and don’t believe anything you think you know about the sale of property subject to a foreclosure judgment.
07/26/17	Another Pinellas foreclosure auction fools bidders, raises questions	Tampa Bay Times	Another Pinellas foreclosure auction fools bidders, raises questions For the second time in six weeks, a company connected to lawyer Roy C. Skelton stood poised to profit from a Pinellas County foreclosure auction that confused even experienced real estate investors.
07/26/17	Fla 4th DCA Judgment for Borrower — Only Original Allonge Can Be Used	Living Lies	Fla 4th DCA Judgment for Borrower — Only Original Allonge Can Be Used In Florida and most states following judicial foreclosure rules, the alleged foreclosing party must submit the original note to the court. An allonge is an instrument that is basically used to add additional room onto the note for endorsements. It is NOT an amendment to the note. The original allonge is required by law — in all 50 states — to be permanently affixed to the original note.
07/25/17	U.S. House Chooses Bank Lobbyists’ Demands Over Constituents’ Legal Rights	NACA	U.S. House Chooses Bank Lobbyists’ Demands Over Constituents’ Legal Rights Washington, D.C. - The U.S. House voted to approve a resolution under the Congressional Review Act that would repeal a rule on arbitration issued by the Consumer Financial Protection Bureau.
07/25/17	House Votes to Strip Americans’ Right to Their Day in Court	NCLC	House Votes to Strip Americans’ Right to Their Day in Court WASHINGTON, D.C. – Today, the U.S. House of Representatives voted to block a new Consumer Financial Protection Bureau (CFPB) rule that restores critical consumer rights. The CFPB’s rule, released earlier this month, prohibits the use of forced arbitration clauses
07/24/17	Jamie Dimon: You Make Us Embarrassed to be Americans	New Economic Perspectives	Jamie Dimon: You Make Us Embarrassed to be Americans By William K. Black July 24, 2017 Kansas City, MO Jamie Dimon talked about his personal pain recently using the exact phrase that many of us have used to explain his personal anguish that “It’s almost an embarrassment to be an American citizen traveling around the world and listening to the stupid sh—t we have to deal with in this country.” The Wall Street Journal’s “Market Watch” described Dimon’s fervor.
07/24/17	More Docs And More Proof of a Scheme to Illegally Pilfer Fannie and Freddie	Valuewalk.com	More Docs And More Proof of a Scheme to Illegally Pilfer Fannie and Freddie As they have for years, government lawyers continue to insist that the Net Worth Sweep was critically necessary to relieve Fannie and Freddie from a purported “death spiral” in which the GSEs would have to make draws on the Treasury commitment simply to pay dividends back to the Treasury. The reasoning was laid out in a brief that Treasury filed just last month in the Eighth Circuit Court of Appeals.
07/24/17	MERS and its “Parent” are trying to invade Oregon again, despite Supreme Court ruling!	Clouded Titles Blog	MERS and its “Parent” are trying to invade Oregon again, despite Supreme Court ruling! For those of you in Oregon, you should be writing your legislators, especially the ones who are trying to pass the following Senate Bill (968), which would put MERS back into legislative existence again in Oregon, despite the Oregon Supreme Court’s rulings in Niday and Brandrup:
07/24/17	Investigator Bill Paatalo: Why JPMorgan Chase did not purchase $615 Billion of WaMu Loans	Living Lies	Investigator Bill Paatalo: Why JPMorgan Chase did not purchase $615 Billion of WaMu Loans Investigator Bill Paatalo questions the practice of using “Substitution of Trustees”. Paatalo points out that WMAAC and WMMSC have never been dissolved and still exist. Although the loans did not go through the FDIC, Chase executes assignments from the FDIC in order to substitute trustees. In this article Paatalo demonstrates that JPMorgan Chase did not purchase ownership of $615 billion in Washington Mutal loans in three simple steps.
07/24/17	2d Circuit: If Trusts Are Not REMICs then Qui Tam Would Have Survived	Living Lies	2d Circuit: If Trusts Are Not REMICs then Qui Tam Would Have Survived Here again the Truth seems to be the third rail of litigation if it is in any way related to the bogus “REMIC” “Trusts” or their “certificates” or their status in foreclosure litigation. None of it is real. Here again we have a case that bends down to pick up pennies while 100 dollar bills are flying overhead.
07/23/17	Standing At Inception: First DCA Goes En Banc	Stayinmyhome.com	Standing At Inception: First DCA Goes En Banc Florida’s First District Court of Appeal recently voted en banc to reconsider the long-standing requirement that lenders prove their standing to foreclose at the inception of a lawsuit. Recognizing the importance of the issue, the 1DCA invited briefs from amicus curiae
07/22/17	Mich. foreclosure law is ‘gov’t-sanctioned thieving’	Living Lies	Mich. foreclosure law is ‘gov’t-sanctioned thieving’ The Supreme Court of the United States (SCOTUS) is being petitioned by several small property owners in Michigan who argue that they were victimized by the state’s abusive foreclosure law that allows the local government to steal their property and make hundreds of thousands of dollars in profit off of them.
07/21/17	Mini-CFPB? Pennsylvania attorney general launches consumer financial protection unit	Housing Wire	Mini-CFPB? Pennsylvania attorney general launches consumer financial protection unit With the Consumer Financial Protection Bureau now entering its seventh year squarely in the crosshairs of the Republican Party, one state is taking matters into its own hands to ensure that its residents are protected from the unscrupulous practices of financial services companies, no matter what happens to the CFPB.
07/21/17	David Dayen: More Trump Populism: Hiring a Bank Lawyer to Attack CFPB Bank Rules	Living Lies	David Dayen: More Trump Populism: Hiring a Bank Lawyer to Attack CFPB Bank Rules President Trump and Republicans in Congress have broadcast their every intention to gut the Consumer Financial Protection Bureau. The president’s budget attempted to defund it and leading Republicans have called for its director to be fired and replaced with a more Wall Street-compliant regulator.
07/21/17	Ocwen to Shell Out $56 Million in Class-Action Settlement	Living Lies	Ocwen to Shell Out $56 Million in Class-Action Settlement Ocwen Financial Corporation (NYSE: OCN) on Thursday announced that has reached a $56 million settlement over a federal class-action lawsuit, the latest in a line of issues for the troubled servicer.
07/20/17	NACA Condemns Efforts in Congress to Repeal Arbitration Rule	NACA	NACA Condemns Efforts in Congress to Repeal Arbitration Rule National Association of Consumer Advocates Condemns Efforts in Congress to Repeal Agency Rule That Restores Americans’ Legal Rights
07/19/17	Winter is Coming: Supreme Court Adopts New Bankruptcy Rules to Take Effect December 1, 2017	Stopforeclosurefraud.com	Winter is Coming: Supreme Court Adopts New Bankruptcy Rules to Take Effect December 1, 2017 Finally, after several years of debate, major changes have been approved that will have a profound impact on consumer bankruptcy cases.
07/19/17	GOP Moving Forward With Plan To Block New Legal Protections For Bank, Credit Card Customers	Consumerist.com	GOP Moving Forward With Plan To Block New Legal Protections For Bank, Credit Card Customers The Consumer Financial Protection Bureau recently finalized new rules that prevent banks and other financial institutions from stripping customers of their constitutional right to a day in court. As expected, bank-backed lawmakers
07/19/17	Billions in Student Debt Could Disappear Because of Lost Paperwork	Vice	Billions in Student Debt Could Disappear Because of Lost Paperwork The latest example of America's legal system being a total shitshow might actually help you out—if it doesn't screw you over first.
07/19/17	Quicken Loans Banged for $11 Million Appraissal Fraud	Living Lies	Quicken Loans Banged for $11 Million Appraissal Fraud It comes as no surprise that a tiny subsidiary of Quicken was getting kickbacks on appraisal fees and that the appraisals were “MAI” (Made As Instructed.” This is one of the lynchpins of the illegal scheme.
07/18/17	NY Times: Student Debt Getting Wiped Out by Fraudulent Claims of Securitization	Living Lies	NY Times: Student Debt Getting Wiped Out by Fraudulent Claims of Securitization Dozens of lawsuits to collect student loans are being dismissed — essentially wiping out the debt. The reason, just like homeowner loans, is that the chain of title on the loans is broken, inconsistent and jsut plain wrong, resulting in lawsuits being filed against students for nonexistent loans — i.e., where the student didn’t borrow money. Like homeowners, it is a numbers game.
07/17/17	Monday Morning Cup of Coffee: Wells Fargo prepares to unveil digital mortgage	Housing Wire	Monday Morning Cup of Coffee: Wells Fargo prepares to unveil digital mortgage The digital mortgage revolution is about to take a mammoth step forward, as the nation’s largest mortgage lender is preparing to go digital.
07/14/17	HUD Did Not Conduct Rulemaking or Develop Formal Procedures for Its Single- Family Note Sales Program	Office Of Inspector General	HUD Did Not Conduct Rulemaking or Develop Formal Procedures for Its Single- Family Note Sales Program The U.S. Department of Housing and Urban Development (HUD), Office of Inspector General audited HUD’s rulemaking process for its single family note sales program. We initiated the audit due to the large amount of Federal Housing Administration claims paid on note sales and because our office has never audited the single-family note sales program.
07/14/17	Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower's lawsuit says	LA Times	Wells Fargo stuck mortgage borrowers with extra fees, whistle-blower's lawsuit says As Wells Fargo & Co. continues to be hit with fallout from its sham-accounts scandal, the bank is facing allegations that it put the screws to customers in yet another way: by slapping them with fees for delays in processing mortgage applications.
07/13/17	Firm Successfully Prevents Foreclosure In Zullo v. HMC Assets, 16 MISC 000413	Glenn F. Russell, Jr & Associates, P.C.	Firm Successfully Prevents Foreclosure In Zullo v. HMC Assets, 16 MISC 000413 After a four and one-half year battle, on July 06, 2017, the Firm successfully achieved a ruling from the Land Court that the foreclosing entity HMC Assets, as Trustee for The CAM III Trust, failed to meet the strict statutory requirements in order to use the Massachusetts non judicial foreclosure process under G.L. c. 244, §14, and G.L. c. 183, §21, and therefore could not hold the foreclosure auction sale.
07/13/17	FDIC Chairwoman: Mortgage Industry ‘Didn’t Think Borrowers Were Worth Helping’	Pro Publica	FDIC Chairwoman: Mortgage Industry ‘Didn’t Think Borrowers Were Worth Helping’ Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair's revealing exit interview by the New York Times' Joe Nocera has generated plenty of buzz.
07/11/17	Cordray takes on Wall Street with consumer protection rule	Sfchronicle.com	Cordray takes on Wall Street with consumer protection rule Richard Cordray, the director of the Consumer Financial Protection Bureau, on Monday lobbed a golden apple of discord into the middle of Wall Street.
07/11/17	How Obama’s Failure To Prosecute Wall Street Set The Stage For Trump’s Win	Huffingtonpost	How Obama’s Failure To Prosecute Wall Street Set The Stage For Trump’s Win A “chickenshit club” of prosecutors who only pursue easy targets managed to change history, a veteran Wall Street reporter argues in a new book.
07/11/17	Congress Should Embrace Rule That Restores Consumer Choice	NACA	Congress Should Embrace Rule That Restores Consumer Choice Statement of Christine Hines, Legislative Director, National Association of Consumer Advocates Sen. Tom Cotton (R-Ark.) appears to be intent on depriving American consumers of critical choices when they face big banks and predatory lenders.

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