Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

2018

2017

2016

2015

2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1990's
January | February | March | April | May | June | July | August | September | October | November | December
Mortgage Servicing Fraud
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.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us

 Date

Article

Articles are added weekly 

Source

  Comment

10/31/17

To Solve the Next Foreclosure Crisis, Look to Sacramento

The Regulatory Review

To Solve the Next Foreclosure Crisis, Look to Sacramento
Over 75 percent of all U.S. homebuyers use a mortgage. But during the Great Recession, nearly 4 million homeowners every year failed to make their monthly mortgage payments on time. If a borrower misses a series of mortgage payments, the lender has the right to initiate foreclosure by repossessing the home and evicting the homeowner.

10/31/17

STANDING: Fla. 4th DCA Rules PSA Hearsay and Therefore Not Admissible — Case Dismissed

Living Lies

STANDING: Fla. 4th DCA Rules PSA Hearsay and Therefore Not Admissible — Case Dismissed
The Pooling and Servicing Agreement MIGHT be self-authenticating under F.S. 90.902 but still inadmissible as hearsay. Thus the PSA is NOT a substitute for evidence of an actual transfer of the loan to a purported REMIC trust.

10/30/17

Cordray pleads directly with Trump to save CFPB’s arbitration rule

Housing Wire

Cordray pleads directly with Trump to save CFPB’s arbitration rule
Consumer Financial Protection Bureau Director Richard Cordray took an extraordinary step on Monday, pleading directly with President Donald Trump in a last-ditch effort to save the CFPB’s controversial arbitration rule.

10/30/17

Now entering phase 2: The updated digital mortgage

Housing Wire

Now entering phase 2: The updated digital mortgage
Coverage on digital mortgages moved from transforming the front end of the process to transforming the back end: Phase two.

10/30/17

Compliance: A look at RESPA’s 120-day foreclosure restriction

CUNA

Compliance: A look at RESPA’s 120-day foreclosure restriction
During CUNA’s Attorney’s Conference last week, a presentation on recent changes to the mortgage servicing rules under Regulations Z and X prompted a question related to the Real Estate Settlement Procedures Act (RESPA) 120-day foreclosure restriction:

10/30/17

Mortgage brokers BRAWL with untrustworthy wholesale lenders

Housing Wire

Mortgage brokers BRAWL with untrustworthy wholesale lenders
Mortgage companies posing as broker-friendly wholesale lenders but functioning as retail lenders are now, after years of anonymity, the talk of the industry.

10/30/17

NJ Appellate Court Decision Goes to Achilles Heel of “Securitizers”

Living Lies

NJ Appellate Court Decision Goes to Achilles Heel of “Securitizers”
“In order to have standing to foreclose a mortgage, a party ‘must own or control the underlying debt.'”

10/30/17

Banks Make Money on Settlements Too

Living Lies

Banks Make Money on Settlements Too
If you are waiting for one of those “settlements” to mean something before your home goes up for auction, don’t hold your breath. Relief is not coming.

10/29/17

TFH 10/18 | Disorganized Crime: Revealing How Government Insiders Have Secretly Used Fannie Mae, Freddie Mac, MERS, the FDIC, and the Justice Department To Steal Trillions of Dollars from Homeowners and GSE Investors by Defrauding Our Courts

Stopforeclosurefraud.com

TFH 10/18 | Disorganized Crime: Revealing How Government Insiders Have Secretly Used Fannie Mae, Freddie Mac, MERS, the FDIC, and the Justice Department To Steal Trillions of Dollars from Homeowners and GSE Investors by Defrauding Our Courts
It has often been said that the best way to rob a bank is to own one. There have been bank robberies throughout

10/27/17

Down payment insurer ValueInsured now offering refi protection

Housing Wire

Down payment insurer ValueInsured now offering refi protection
Protects equity if borrower needs to sell at a loss in the future

10/27/17

Mortgage lenders: Here's your blockchain primer

Housing Wire

Mortgage lenders: Here's your blockchain primer
Technologies like blockchain have the potential to change the game in the financial services industry by not only speeding up and providing complete visibility

10/27/17

What Accountants Say About the REMIC Trusts

Living Lies

What Accountants Say About the REMIC Trusts
“Because securitization entities are typically insufficiently capitalized, with little or no true “equity” for accounting purposes, and are rarely designed to have a voting equity class possessing the power to direct the activities of the entity, they are generally VIEs.

10/27/17

Fake Powers of Attorney — DiTech and MERS

Living Lies

Fake Powers of Attorney — DiTech and MERS
The banks, who actually control this mess, have resorted to using fabricated documents entitled “Powers of Attorney” or worse, simply claiming that a party is the “attorney in fact.” The courts are starting to wake up.

10/26/17

Bill introduced to eliminate FHA life of loan insurance premium

Housing Wire

Bill introduced to eliminate FHA life of loan insurance premium
Could the Federal Housing Administration’s life of loan insurance requirement soon be a thing of the past?

10/25/17

Senate GOP kills Cordray’s rule allowing class-action suits against banks

Columbus Dispatch

Senate GOP kills Cordray’s rule allowing class-action suits against banks
WASHINGTON — The Senate voted Tuesday to scrap a rule adopted by a federal consumer agency headed by former Ohio Attorney General Richard Cordray which allowed Americans to join class-action lawsuits against their financial institutions.

10/25/17

WISMAN v. NATIONSTAR MORTGAGE, LLC | FL 5DCA

Stopforeclosurefraud.com

WISMAN v. NATIONSTAR MORTGAGE, LLC | FL 5DCA
Because Nationstar failed to present competent, substantial evidence that it had standing to foreclose at the inception of the case, we reverse.

10/24/17

TREASURY DEPARTMENT LAUNCHES ATTACK ON THE CONSUMER FINANCIAL PROTECTION BUREAU AHEAD OF VOTE

The Intercept

TREASURY DEPARTMENT LAUNCHES ATTACK ON THE CONSUMER FINANCIAL PROTECTION BUREAU AHEAD OF VOTE
With the window to gut a critical consumer protection regulation rapidly closing, the Treasury Department on Monday launched an unusual attack on the Consumer Financial Protection Bureau’s arbitration rule,

10/24/17

Why You Don’t Know that Thousands of Homeowners Are Winning Foreclosure Cases

Living Lies

Why You Don’t Know that Thousands of Homeowners Are Winning Foreclosure Cases
Bottom Line: As soon as there is a “negative outcome” for the Banks it goes into their trash compactor and disappears. The main tool is the use of a confidentiality agreement in which the homeowner practically gives up his/her life if they discuss the case at all.

10/24/17

WELLS FARGO'S PLAYBOOK: HOW TO ROB THE AVERAGE JOE AND STILL RETAIN YOUR STOCK OPTIONS

Occupy.com

WELLS FARGO'S PLAYBOOK: HOW TO ROB THE AVERAGE JOE AND STILL RETAIN YOUR STOCK OPTIONS
Did you hear the one about the bank that has a system in place for nearly a decade to rob you blind? Maybe you were looking the other way and working a few jobs to pay the rent, the kid’s braces or car payments.

10/24/17

Posner says he is organizing a national pro-bono group that includes ex-prisoner

ABAJournal.com

Posner says he is organizing a national pro-bono group that includes ex-prisoner
Updated: Former Judge Richard Posner is continuing his quest to help pro se litigants by forming a nationwide pro bono law group made up of lawyers and consultants.

10/23/17

Treasury Dept. Says You Shouldn’t Have The Right To Sue Your Bank Or Credit Card Company

Consumerist

Treasury Dept. Says You Shouldn’t Have The Right To Sue Your Bank Or Credit Card Company
Forget the Sixth Amendment, which guarantees the “right to a speedy and public trial” in criminal matters. And who needs that ancient Seventh Amendment and its fancy “right of trial by jury.”

10/21/17

Wells Fargo Scandals Expand With Firing of Foreign Exchange Bankers

Fortune.com

Wells Fargo Scandals Expand With Firing of Foreign Exchange Bankers
Wells Fargo’s troubles continue to worsen, with the Wall Street Journal reporting that the bank has fired four foreign-exchange bankers, most of them high-ranking, in connection with a client transaction.

10/20/17

In Halifax, Mobile Home Residents Set Record By Buying The Land Beneath Their Homes

WGBH

In Halifax, Mobile Home Residents Set Record By Buying The Land Beneath Their Homes
Four hundred and thirty mobile home owners in Halifax, Massachusetts, have made history. For $27 million, these residents bought the land beneath their homes. It is the largest purchase of its kind ever in the country.

10/20/17

Is the Fed Getting Cold Feet about the QE Unwind?

Wolfstreet.com

Is the Fed Getting Cold Feet about the QE Unwind?
Curious things are happening on its balance sheet. The last Fed meeting ended on September 20 with a momentous announcement, confirming what had been telegraphed for months: the QE unwind would begin October 1.

10/20/17

Where’s the Beef? Hell if the Banks know.

Living Lies

Where’s the Beef? Hell if the Banks know.
Investigator Bill Paatalo joined attorney Charles Marshall on the West Coast Foreclosure show to discuss why the major banks are unable to provide a bank witness in litigation who has knowledge of the loan.

10/18/17

NJ APPELLATE COURT GETS TO THE ROOT OF MERS AS “NOMINEE”

Living Lies

NJ APPELLATE COURT GETS TO THE ROOT OF MERS AS “NOMINEE”
Bank of N.Y. Mellon v. Davis_ 2017 N.J. Superior Court
Key elements in this decision are:

10/17/17

MERS Unraveling

Living Lies

MERS Unraveling
“Aside from the inappropriate reliance upon the statutory definition of “mortgagee,” MERS’s position that it can be both the mortgagee and an agent of the mortgagee is absurd, at best. — Judge Grossman, Federal Bankruptpcy Court

10/17/17

MERS Unraveling

Living Lies

MERS Unraveling
“Aside from the inappropriate reliance upon the statutory definition of “mortgagee,” MERS’s position that it can be both the mortgagee and an agent of the mortgagee is absurd, at best. — Judge Grossman, Federal Bankruptpcy Court

10/17/17

California Foreclosure Process Overview

Living Lies

California Foreclosure Process Overview
Patricia Rodriguez, Attorney
The process of foreclosure defense begins with pre-litigation (gathering all of the necessary information); once that is accomplished then Litigation of Real Property Ownership/Title in California can occur.

10/12/17

Maine Supreme Court Ruling Could Provide Relief for Victims of Foreclosure Abuse

Stopforeclosurefraud.com

Maine Supreme Court Ruling Could Provide Relief for Victims of Foreclosure Abuse
Last month, the Maine Supreme Court issued a stunning rebuke to national mortgage companies that have flagrantly committed fraud and abuse against homeowners across the state. In its groundbreaking decision,

10/12/17

Carson: Government considering ending use of False Claims Act against FHA lenders

Housing Wire

Carson: Government considering ending use of False Claims Act against FHA lenders
The government’s proclivity to use the False Claims Act as a weapon against mortgage lenders could soon be coming to an end, Department of Housing and Urban Development Secretary Ben Carson told members of Congress on Thursday.

10/11/17

Carbone v. CALIBER HOME LOANS, INC., | Dist. Court, ED New York – Federal Court Holds Pre-Foreclosure Notice Is Not Subject to FDCPA

StopForeclosureFraud.com

Carbone v. CALIBER HOME LOANS, INC., | Dist. Court, ED New York – Federal Court Holds Pre-Foreclosure Notice Is Not Subject to FDCPA
JANINE CARBONE, on behalf of plaintiff and a class, Plaintiff,
v.
CALIBER HOME LOANS, INC., Defendants.

10/11/17

Katherine Ann Porter, Author of 2007 Study Revealing the Destruction of Notes, Is Running for Congress

Living Lies

Katherine Ann Porter, Author of 2007 Study Revealing the Destruction of Notes, Is Running for Congress
Ms. Porter was the first person who broke through the ruse of securitization and confirmed what I thought, in 2007, leading to the creation of this blog. As a Professor at the University of Iowa she conducted a study that revealed that, at a minimum,

10/10/17

Scandal: Former staffer at National Community Stabilization Trust among 7 indicted for foreclosure profiteering

Housing Wire

Scandal: Former staffer at National Community Stabilization Trust among 7 indicted for foreclosure profiteering
The former director of community development at the National Community Stabilization Trust, a national nonprofit that works to stabilize communities affected by the foreclosure crisis, is among seven people indicted last month for allegedly participating in a conspiracy to profiteer off of foreclosures.

10/10/17

North Carolina Bans Conflict of Interest on Deed of Trust

Living Lies

North Carolina Bans Conflict of Interest on Deed of Trust
On August 30, 2017, an amendment to North Carolina’s foreclosure statutes took immediate effect. The amended statute, Section 45-10, concerns substitute trustees under a deed of trust. As amended, Section 45-10 now

10/09/17

The Implied “Trust” and Discovery

Living Lies

The Implied “Trust” and Discovery
If you look closely at the NOD, NOS, foreclosure complaint, and correspondence you see two things that are fairly constant — (1) they ALWAYS refer to the case as “US Bank” (or some other bank) and (2) they often don’t actually name a trust although it is implied.

10/09/17

Mortgage Servicer Ocwen Settles With State Regulators Over Escrow Claims

Daily Business Review

Mortgage Servicer Ocwen Settles With State Regulators Over Escrow Claims
As part of the deals, Ocwen must hire an auditor for an escrow review of about 8,000 to 10,000 loans.

10/06/17

IN NEW LAWSUIT, CORPORATIONS BAND TOGETHER TO STOP CONSUMERS FROM BANDING TOGETHER

The Intercept

IN NEW LAWSUIT, CORPORATIONS BAND TOGETHER TO STOP CONSUMERS FROM BANDING TOGETHER
A coalition consisting of the preeminent national business lobby, several financial services trade groups, and over a dozen business organizations in Texas have banded together — the way individuals might in a class-action lawsuit — to force the federal government to allow them to block class-action lawsuits.

10/06/17

City Council Passes Foreclosure Diversion Bill

CBS Philly

City Council Passes Foreclosure Diversion Bill
PHILADELPHIA (CBS) — Philadelphia City Council has passed a bill to help homeowners keep their houses, even if they’re behind on their real estate taxes.

10/06/17

Wells Fargo offering refunds nationwide for improper mortgage fees

Business Insider

Wells Fargo offering refunds nationwide for improper mortgage fees
In a scandal that extended wider than was previously known, Wells Fargo said it would offer refunds to tens of thousands of customers who were improperly charged fees on home

10/05/17

Foreclosures are back at recession-era levels and continuing to rise

CrainsNewYork.com

Foreclosures are back at recession-era levels and continuing to rise
The number of first-time foreclosures in the five boroughs reached 859 during the third quarter of the year, part of a dramatic increase to levels last seen at the start of the Great Recession, according to a report from real estate website PropertyShark.

10/05/17

A federal judge declares that current and former Wells Fargo executives can be sued for their fraud

DailyKos.com

A federal judge declares that current and former Wells Fargo executives can be sued for their fraud
A federal judge has decided that Wells Fargo’s current and former executives will have to face their shareholders’ lawsuit that demands that these executives be held personally liable for the fraudulent practices at the big bank.

10/05/17

How Is This Not Fraud?

Esquire

How Is This Not Fraud?
The single most incontrovertible—and inexcusable—failure of the Obama Administration was its phantom response to the self-evident fact that the entire Wall Street business model that nearly vaporized the world economy was simple fraud

10/05/17

Special Investigation: How America’s Biggest Bank Paid Its Fine for the 2008 Mortgage Crisis—With Phony Mortgages!

The Nation

Special Investigation: How America’s Biggest Bank Paid Its Fine for the 2008 Mortgage Crisis—With Phony Mortgages!
You know the old joke: How do you make a killing on Wall Street and never risk a loss? Easy—use other people’s money. Jamie Dimon

10/05/17

Behind JPMorgan Chase’s Bait-and-Switch

The Nation

Behind JPMorgan Chase’s Bait-and-Switch
Today we published a story about how JPMorgan Chase used other people’s money to pay off penalties assessed for the mortgage-related fraud that contributed to the 2008 financial crisis.

10/05/17

BofA Coerces Homeowners Into Keeping Quiet About Their Victory

Living Lies

BofA Coerces Homeowners Into Keeping Quiet About Their Victory
Most lawyers, most judges and most homeowners are under the mistaken impression that they cannot win a foreclosure battle. They don’t hear about all the homeowners who were successful. There are tens of thousands of them. Any news, like the $45 million verdict described in the article below, is squelched.

10/04/17

BOA Continues to Defraud REMIC Investors, Homeowners and the Courts

Living Lies

BOA Continues to Defraud REMIC Investors, Homeowners and the Courts
People forget to ask the question “why?” Why would a mega-bank lose or claim 20 times to have lost documents relating to modification

10/04/17

The ‘Monopoly Man’ Just Owned The Senate’s Equifax Hearing

Huffpost

The ‘Monopoly Man’ Just Owned The Senate’s Equifax Hearing
Rich Uncle Pennybags apparently likes to spend his free time at Senate hearings

10/04/17

CFPB issues interim final rule on mortgage servicer communication

Housing Wire

CFPB issues interim final rule on mortgage servicer communication
The Consumer Financial Protection Bureau issued an interim final rule to help mortgage servicers communicate with borrowers at risk of foreclosure, updating parts of the final rule published a year ago.

10/04/17

Waters' bill gives power to Fed to shut down megabanks

Housing Wire

Waters' bill gives power to Fed to shut down megabanks
After a year full of discovering multiple scandals at Wells Fargo, starting with the fake account scandal, several Representatives came together to introduce a bill that would give the federal government more control over megabanks.

10/03/17

Post-Equifax Breach, NACA Urges Senate Committee to Support Strong Consumer Protections

NACA

Post-Equifax Breach, NACA Urges Senate Committee to Support Strong Consumer Protections
NACA submitted a letter to the U.S. Senate Banking Committee to share its views for the Oct. 4 hearing on the Equifax cybersecurity breach. The Equifax breach is an object lesson

10/03/17

David Kester v Citimortgage, Inc., et al. is NOT TO BE PUBLISHED

Mycourthistory.com

David Kester v Citimortgage, Inc., et al. is NOT TO BE PUBLISHED
As of last week, Sept. 29, 2017, in the Arizona case of the Ninth Circuit Court of Appeals of David Kester v Citimortgage, Inc., et al., we have another precedent setting case that the courts have decided NOT to be published and to make public.

10/03/17

CitiMortgage Must Face Class Action for False notarization of Documents in Foreclosures

Living Lies

CitiMortgage Must Face Class Action for False notarization of Documents in Foreclosures
Where is the prejudice in requiring the foreclosing party to prove its case with facts raather than presumptions? There are two big takeaways:

10/03/17

Did your state Attorney General deny your LPS/Black Knight FOIA request? Contact the ACLU!

Living Lies

Did your state Attorney General deny your LPS/Black Knight FOIA request? Contact the ACLU!
The ACLU has initiated and assisted with legal actions in numerous instances where FOIA/Public Records Acts Requests have been denied in violation of state laws.

10/03/17

A Comeuppance For Bank Of America?

Huffpost

A Comeuppance For Bank Of America?
Susan Richardson, a Bank of America foreclosure victim, certainly hopes so. With bated breath she’s following a drama currently playing out in a California bankruptcy court.

10/02/17

Illinois Trial Court Overruled: Rescission IS Effective

Living Lies

Illinois Trial Court Overruled: Rescission IS Effective
As usual, the trial judge wanted no part of TILA Rescission. In December, 2016 the appellate court said the failure of Beneficial to respond to TILA Rescission notice within 20 days made the rescission final and irrevocable — something I have been saying to nay-sayers for 10 years.

January | February | March | April |May | June | July | August | September | October | November | December
 
Repair Your Credit
Improve. Monitor. Protect.
Save $50 off Credit Repair Service - Applies to first-work fee for each spouse sign-up.
Need a Lawyer? LegalMatch allows you to present your case, and respond only to lawyers who want to help you. It's Free & Confidential.

copyright MSFraud.org