Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
05/31/17	Peters v. THE BANK OF NEW YORK MELLON \| FL 2DCA	Stopforeclosurefraud.com	Peters v. THE BANK OF NEW YORK MELLON \| FL 2DCA – Because the Bank failed to prove its ownership of the lost note that it attempted to reestablish and enforce, we reverse
05/31/17	Document forgery in financial industry more common than you'd think, past employees say	CBC News	Document forgery in financial industry more common than you'd think, past employees say Employees in Canada's financial industry are speaking out about falsifying documents, telling Go Public that potentially criminal acts — like forging and photocopying customer signatures, adding initials to blank documents and using Wite-Out to conceal information — are more common than most people would think.
05/30/17	From Foreclosure to Eviction: One Family’s Struggle to Recover	KQED	From Foreclosure to Eviction: One Family’s Struggle to Recover When Vanessa and Richard Bulnes got an eviction notice, it felt sadly ironic. The Bulneses were unable to pay the rent because their corporate landlord took three years to remediate high levels of lead in the backyard soil, which caused Vanessa to lose her business — a family home child care that she had run for more than 20 years.
05/30/17	Court of Appeals hands Wells Fargo victory over Los Angeles in fair housing lawsuit	Housing Wire	Court of Appeals hands Wells Fargo victory over Los Angeles in fair housing lawsuit Wells Fargo may be facing a lawsuit from the city of Philadelphia over alleged discriminatory lending practices against minority borrowers, but a federal Court of Appeals just handed the bank a victory in a similar lawsuit brought by the city of Los Angeles back in 2013.
05/29/17	David Dayen: HAMP Is Hurting Liberalism	Living Lies	David Dayen: HAMP Is Hurting Liberalism I wanted to circle back to this point I made on our foreclosure panel that I really do think expresses both the frustration and the danger I and some other commentators are feeling about the situation. Simply put, HAMP is hurting liberalism. It’s putting a face of bureaucratic incompetence on a program designed to help people.
05/28/17	Ready to jump back into the Mortgage Minefield? Take these precautions.	Living Lies	Ready to jump back into the Mortgage Minefield? Take these precautions. Despite knowing what I know about the corrupt practices of the Federal Reserve, Government sponsored enterprises- Fannie Mae and Freddie Mac; not to mention originators, lenders, trustees, and the banks themselves- I decided the benefits of home ownership outweighed
05/28/17	The Money Trail vs. The Paper Trail Review	Living Lies	The Money Trail vs. The Paper Trail Review Homeowners trying to receive evidence of the money trail are stonewalled from obtaining the documents that would help them to prove their case and prevail. Discovery is often blocked on ordinary grounds or on the basis of relevance.
05/26/17	Fed violates deployed US Marine despite PHH Mortgage’s Fraudulent Conduct	Living Lies	Fed violates deployed US Marine despite PHH Mortgage’s Fraudulent Conduct A veteran of four tours of duty in the Middle East, Jacob McGreevey relishes a good fight. When the longtime Marine became convinced his former lender had illegally foreclosed on his Vancouver home, he didn’t hesitate.
05/25/17	California district court upholds constitutionality of CFPB	Justice League	California district court upholds constitutionality of CFPB A U.S. district court judge in the Central District of California defended the constitutionality of the Consumer Financial Protection Bureau after rejecting multiple challenges to the bureau’s authority to issue civil investigative demands
05/25/17	Foreclosure Mills Don’t Know Their Client	Living Lies	Foreclosure Mills Don’t Know Their Client So here is “the thing.” In the thousands of cases I have reviewed or been counsel or lead counsel I have yet to encounter a foreclosure mill who actually represents the foreclosing party. They represent the Servicer only. This has slipped out in admissions of counsel on several different occasions so this isn’t some fringe conspiracy theory; it is a fact.
05/24/17	PMI Insurance: Coverage, Overcharges, Kickbacks and Maybe a Duty to Mitigate Losses — and Article 3 Standing in a Nutshell	Living Lies	PMI Insurance: Coverage, Overcharges, Kickbacks and Maybe a Duty to Mitigate Losses — and Article 3 Standing in a Nutshell Rather than write my own article on RESPA, kickbacks, PMI insurance and “Reinsurance” I will simply quote a 2008 case that basically lays out the doctrines applicable to a claim for treble damages under RESPA
05/23/17	U.S. SUPREME COURT DENIES WRIT IN THE ROBINSON CASE AGAINST MERS!	Cloudedtitlesblog.com	U.S. SUPREME COURT DENIES WRIT IN THE ROBINSON CASE AGAINST MERS! On May 22, 2017, the United States Supreme Court declined to hear the matter of Daniel and Darla Robinson vs. Mortgage Electronic Registration Systems, Inc. and MERSCORP Holdings, Inc.
05/23/17	Trump budget surprise: Gutting the CFPB	Housing Wire	Trump budget surprise: Gutting the CFPB The impact of President Donald Trump’s 2018 federal budget proposal would certainly be felt in the housing industry via the 13% cut to the budget of the Department of Housing and Urban Development, but that’s hardly the only impactful move that the budget proposal holds.
05/23/17	John Does, Jane Roes, Trusts and Zuni Trust	Living Lies	John Does, Jane Roes, Trusts and Zuni Trust Since the banks, servicers, originators, aggregators and others maintain radio silence as to what is going on and who is doing anything it should come as no surprise that lawyers will find it necessary to resort to “placeholder names” because they don’t yet know the actual name of an entity they have figured out must be involved but whose name is being withheld.
05/22/17	Welcome foreclosure relief for N.J. homeowners	NJ.com	Welcome foreclosure relief for N.J. homeowners If you listen to the Wall Street folks for any length of time, you would think our housing troubles are over. While major housing markets like San Francisco, New York, Las Vegas and Dallas may be getting traction these days, that traction hasn't made it way to many New Jersey communities, especially in South Jersey.
05/21/17	The ChickenShit Club aka The United States Department of Justice	Living Lies	The ChickenShit Club aka The United States Department of Justice From Pulitzer Prize–winning journalist Jesse Eisinger, a blistering account of corporate greed and impunity, and the reckless, often anemic response from the Department of Justice.
05/21/17	David Dayen Repost: Inside the Abortive FBI Investigation of Illegal Foreclosure in Florida	Living Lies	David Dayen Repost: Inside the Abortive FBI Investigation of Illegal Foreclosure in Florida The massive probe threatened to implicate the biggest banks in America, but sent just one woman to prison. Six years ago, FBI agents in Jacksonville, Florida, wrote a memo to their bosses in Washington, DC, that could have unraveled the largest consumer fraud in American history.
05/20/17	The story behind the only bank prosecuted after the 2008 financial crisis	Justice League	The story behind the only bank prosecuted after the 2008 financial crisis After the 2008 financial crisis took millions of investment dollars from Americans, shell shocked financial advisers and briefly turned the country upside down, only one bank was indicted:
05/19/17	Making Assignments in the Dark	Living Lies	Making Assignments in the Dark Editor’s Note: In this industry article, Nationwide Title Clearing, Inc. insinuates that a bank should obtain a chain of title report before assigning a note to ensure that the manufactured paperwork creates the appearance of a clear chain of title.
05/18/17	Legislative Loophole May Make Foreclosures Easier	Afro.com	Legislative Loophole May Make Foreclosures Easier Thanks to a new law designed to address blighted and abandoned properties and a growing number of house flippers, it may not take long or much to lose your home in Prince George’s County.
05/16/17	Former Wells Fargo Employee Claims Bank Defrauded Government Of $1.4B In Foreclosure Funding	Consumerist.com	Former Wells Fargo Employee Claims Bank Defrauded Government Of $1.4B In Foreclosure Funding There has been no shortage of lawsuits filed against Wells Fargo in recent years, from accusations the bank pushed mortgages on borrowers who couldn’t repay them to claims the company pressed employees to engage in fraudulent conduct with regard to customer accounts.
05/16/17	STEVE MNUCHIN’S OLD COMPANY JUST SETTLED FOR $89 MILLION FOR RIPPING OFF THE GOVERNMENT ON DODGY LOANS	TheIntercept.com	STEVE MNUCHIN’S OLD COMPANY JUST SETTLED FOR $89 MILLION FOR RIPPING OFF THE GOVERNMENT ON DODGY LOANS FOR FOUR YEARS during Treasury Secretary Steven Mnuchin’s tenure as chair of OneWest Bank, its reverse-mortgage subsidiary Financial Freedom ripped off the government by
05/15/17	Philadelphia sues Wells Fargo over discriminatory lending	Housing Wire	Philadelphia sues Wells Fargo over discriminatory lending Earlier this month, the Supreme Court ruled that cities have the right to sue banks over discriminatory mortgage lending practices, but the ruling established a standard that might be tough for the city in question to prove. Now, one city is going to put that standard to the test.
05/15/17	Is the Number of Foreclosures Going Up or Down?	Living Lies	Is the Number of Foreclosures Going Up or Down? It depends who you ask, when you ask and where you ask. The Wall Street Banks have been very effective at putting out stories to make it appear that foreclosures are
05/15/17	Default, Foreclosure and the impact on physical and mental health function	Living Lies	Default, Foreclosure and the impact on physical and mental health function Neuroscientists have concluded that chronic stress and cortisol damage the brain. Although there are no formal studies to date on the health ramifications of default, prolonged litigation, and post-foreclosure trauma,
05/12/17	Lawyer with Responsibility for Mortgage Crisis Appointed to Take Care of Mortgage Banks	Therealnews.com	Lawyer with Responsibility for Mortgage Crisis Appointed to Take Care of Mortgage Banks Donald Trump is distinguishing himself as a president unconcerned with traditional protocols of running the government - in particular,
05/12/17	MERS ASSIGNMENT FAIL: MORTGAGE ELECTRONIC REGISTRATION SIDESTEPS, INC.	4closurefraud.org	MERS ASSIGNMENT FAIL: MORTGAGE ELECTRONIC REGISTRATION SIDESTEPS, INC. Over the years we have seen various Assignment Fails such as BOGUS and BAD BENE. Some even had effective dates as 09/09/9999, while others had forged signatures or were put together by someone with very poor Photoshop skills. Today, we present a new variation of a MERS assignment that is polluting land records across the county
05/12/17	They're back: Wells Fargo prepares to issue private-label mortgage bonds	Housing Wire	They're back: Wells Fargo prepares to issue private-label mortgage bonds Wells Fargo is planning its reentrance into the private mortgage-backed security market for the first time since the financial crisis, a head of the bank’s consumer lending division announced, according to an article by Dan Freed for Reuters.
05/11/17	Miami-Dade has the second highest rate of repeat foreclosures of any major market	Therealdeal.com	Miami-Dade has the second highest rate of repeat foreclosures of any major market Miami-Dade County has the second-highest rate of repeat foreclosures of any major housing market, topped only by New York City, according to a newly released report from Attom Data Solutions.
05/10/17	Texas orders Ocwen to stop acquiring new mortgage servicing rights	Housing Wire	Texas orders Ocwen to stop acquiring new mortgage servicing rights The Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corporation to cease and desist, adding its name to a growing list of states and regulators coming after the mortgage servicer over alleged violations of state and federal law.
05/10/17	Is Appraisal Fraud Still a Valid Claim?	Living Lies	Is Appraisal Fraud Still a Valid Claim? It should come as no surprise that 10 years after the crash, Bloomberg reports that most U.S. homes are worth less now than before the crash, with many homes worth less than when they were purchased or refinanced long before the crash. Appraisal fraud was thus institutionalized to the dismay of the licensed appraisers and subsequent “drive-by” appraisals done by real estate agents. The question is whether this fraud is NOW actionable. I think it is.
05/10/17	“Illegal Loans”	Living Lies	“Illegal Loans” Lots of loans have provisions that are illegal. As far as I know the only illegal provision of a loan that could make debt, note and mortgage go away, i.e., becomes void in its entirety (versus the provision containing the illegal language), or that entitles the borrower to recover all his payments or more is a usury statute in a state where the statute specifically provides that remedy.
05/09/17	What’s really going on between Goldman Sachs and the federal government?	NYpost.com	What’s really going on between Goldman Sachs and the federal government? Just for laughs, let’s start out with this idea — that Goldman Sachs acts as an agent of the federal government. Let’s see if I can persuade you.
05/09/17	Elizabeth Warren's preferred SEC nominee is married to an attorney at the big banks' go-to law firm	Washingtonexaminer.com	Elizabeth Warren's preferred SEC nominee is married to an attorney at the big banks' go-to law firm Sen. Elizabeth Warren's pick as a new financial regulator is a staffer of hers married to an attorney at a firm representing the very big banks he would regulate, and whom Warren loves to chastise.
05/09/17	How Homeownership Became the Engine of American Inequality	NYtimes.com	How Homeownership Became the Engine of American Inequality An enormous entitlement in the tax code props up home prices — and overwhelmingly benefits the wealthy and the upper middle class.
05/09/17	Brooklyn Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases	Justiceleaguetaskforce	Brooklyn Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases BROOKLYN — Kings County Supreme Court is about to quietly dismiss thousands of foreclosure cases on Tuesday — in what lawyers say will deal a severe blow to homeowners with pending cases.
05/09/17	MERS wins in four Pennsylvania county lawsuits	Justiceleaguetaskforce	MERS wins in four Pennsylvania county lawsuits The Commonwealth Court of Pennsylvania, by a majority opinion, ruled in MERS’favor in four lawsuits filed by the Recorders of four Pennsylvania Counties (Delaware, Berks, Bucks and Chester), locking in another victory for the company.
05/08/17	Why Republicans Want to Declaw the Nation’s Consumer Financial Watchdog Agency	NBCnews.com	Why Republicans Want to Declaw the Nation’s Consumer Financial Watchdog Agency A new bill aims to dismantle the powers of the Consumer Financial Protection Bureau, the independent watchdog that protects consumers and investors and has saved Americans almost $12 billion since it was created six years ago.
05/08/17	Reverse Mortgage Solutions, Inc. v. Estate of Ruby Hayes	Stopforeclosurefraud.com	Reverse Mortgage Solutions, Inc. v. Estate of Ruby Hayes Florida Supreme Court gift to Banksters … BACKFIRES. Statute of Limitations ruled VALID with REVERSE MORTGAGES. Death do you proud.

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