Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

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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.
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04/30/18

Tearing Down the House that Richard Cordray Built Law.com

Tearing Down the House that Richard Cordray Built
While some have described the CFPB as in a state of “radio silence” since late November, others said the agency’s attorneys have perked back up and are pushing forward with investigations begun before Mick Mulvaney took control.

04/30/18

Affordable Mortgage to Avoid Foreclosures DSnews

Affordable Mortgage to Avoid Foreclosures
A new source of relief has arrived for struggling Philadelphia homeowners. Boston Community Capital’s Stabilizing Urban Neighborhoods (SUN) Initiative announced Monday that it was coming to Philadelphia to help homeowners facing foreclosure to keep their homes.

04/30/18

America’s Mortgage Market Is Still Broken Bloomberg

America’s Mortgage Market Is Still Broken
Regulators have done a lot to reform the financial system since the 2008 crisis, but they still haven’t fixed the market where the trouble started: U.S. mortgages.

04/29/18

Let Consumer Complaints See the Light of Day Bloomberg

Let Consumer Complaints See the Light of Day
The acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, shares the industry’s dislike of one of the bureau’s most visible innovations:

04/29/18

10th Circuit Court of Appeals – If WaMu notes were endorsed post-receivership, FIRREA does not apply! BP Investigativeagency

10th Circuit Court of Appeals – If WaMu notes were endorsed post-receivership, FIRREA does not apply!
For years now, JPMorgan Chase has been getting away with murder in foreclosure cases involving WaMu loans by hiding behind the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). If homeowners

04/27/18

Elizabeth Warren To Consumer Chief: 'You Owe The Public Straight Answers' NPR

Elizabeth Warren To Consumer Chief: 'You Owe The Public Straight Answers'
Sen. Elizabeth Warren sent a letter to the Trump administration's top consumer protection official late Thursday asking him whether he is doing the bidding of the industries he is supposed to be policing.

04/26/18

LONG ISLAND VETERAN WINS FORECLOSURE CASE AGAINST WELLS FARGO MFI-MIAMI

LONG ISLAND VETERAN WINS FORECLOSURE CASE AGAINST WELLS FARGO
A Long Island veteran and his wife won their 12-year battle with Wells Fargo. The appellate division of the state Supreme Court

04/26/18

U.S. BANK NATIONAL ASSOCIATION v. MATHEW Stopforeclosurefraud.com

U.S. BANK NATIONAL ASSOCIATION v. MATHEW
| NY SC – Young Law Group, PLLC Beats NY Mortgage Statute of Limitations, Again, This Time For Queens Family!

04/26/18

MICK MULVANEY’S WELLS FARGO SETTLEMENT LETS THE BANK DECIDE HOW CONSUMERS ARE PAID BACK The Guardian

MICK MULVANEY’S WELLS FARGO SETTLEMENT LETS THE BANK DECIDE HOW CONSUMERS ARE PAID BACK
The Billion Dollar Wells Fargo settlement reached between the bank and the consumer agency now controlled by Trump adviser Mick Mulvaney has been heralded as evidence that the

04/25/18

CFPB Interim Head Mick Mulvaney to Bankers: I Only Met with Lobbyists Who Gave Me Money Democracy Now

CFPB Interim Head Mick Mulvaney to Bankers: I Only Met with Lobbyists Who Gave Me Money
The interim director of the Consumer Financial Protection Bureau, Mick Mulvaney, told a group of over 1,000 bankers and lobbyists that they should give more money in campaign contributions if they want to weaken the power of the Consumer Financial Protection Bureau

04/25/18

Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing Tampa Bay Times

Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing
Homeowners from as far away as Texas and North Carolina crowded a Pinellas County courtroom Monday in support of embattled foreclosure defense attorney Mark Stopa.

04/24/18

Mulvaney to drop public complaints against firms, change CFPB name National Mortgage News

Mulvaney to drop public complaints against firms, change CFPB name
WASHINGTON — Acting Consumer Financial Protection Bureau Director Mick Mulvaney vowed to bankers on Tuesday that he would halt the agency’s actions against indirect auto dealers, stop posting consumer complaints online and change the bureau's name.

04/22/18

BankThink Penalties levied against Wells Fargo miss top execs. Again. American Banker

BankThink Penalties levied against Wells Fargo miss top execs. Again.
Don’t let the headlines fool you: Despite its recent $1 billion penalty, Wells Fargo and its top executives are having a pretty good spring.

04/24/18

Sean Hannity's real estate venture linked to fraudulent property dealer The Guardian

Sean Hannity's real estate venture linked to fraudulent property dealer
Sean Hannity’s real estate venture bought houses through a property dealer who was involved in a criminal conspiracy to fraudulently obtain foreclosed homes, according to records reviewed by The Guardian

04/23/18

Michael Cohen case shines light on Sean Hannity's property empire The Guardian

Michael Cohen case shines light on Sean Hannity's property empire
When Sean Hannity was named in court this week as a client of Donald Trump’s embattled legal fixer Michael Cohen, the Fox News host insisted their discussions had been limited to the subject of buying property.

04/21/18

HSBC Bank USA v. Moore Stopforeclosurefraud.com

HSBC Bank USA v. Moore
HSBC Bank USA v. Moore | Hawaii ICA – Dubin Law Offices annihilates HSBC in this awesome order- “Qualified Witness” FAIL! “Assignment of Mortgage” FAIL! “Possession of Note” FAIL! “Allonge to Note” FAIL! — VACATED AND REMANDED

04/20/18

It’s official: CFPB announces $1 billion fine for Wells Fargo Housing Wire

It’s official: CFPB announces $1 billion fine for Wells Fargo
Rumors have been circulating, including the most recent report Thursday, that the Consumer Financial Protection Bureau is on the brink of hitting Wells Fargo with a $1 billion fine.

04/19/18

Waters introduces legislation to prevent FHA foreclosures Housing Wire

Waters introduces legislation to prevent FHA foreclosures
In an attempt to prevent foreclosures on the Federal Housing Administration’s borrowers, Democrats introduced a new bill in Congress.

04/17/18

Call for evidence CFPB

Call for evidence
The Consumer Financial Protection Bureau is issuing a call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers.

04/16/18

No Surprise: Ocwen & US Bank Hit by $3.8 Million Verdict in Chicago Federal Trial For Violations in Fake Foreclosure Living Lies

No Surprise: Ocwen & US Bank Hit by $3.8 Million Verdict in Chicago Federal Trial For Violations in Fake Foreclosure
This case shows that juries are still angry about the 2008 meltdown and that the entire burden was shifted to homeowners and taxpayers — who “bailed out” financial institutions that had no losses.

04/16/18

‘Assault’ by Biggest Loan Buyers Could Spell Trouble in Downturn Bloomberg

‘Assault’ by Biggest Loan Buyers Could Spell Trouble in Downturn
The biggest buyers of leveraged loans are weakening safeguards that limit how much risk they can take, amping up the potential pain for investors when the economy slows.

04/13/18

Debtors in Bankruptcy NCLC

Debtors in Bankruptcy
Two important sets of CFPB amendments to its RESPA and TILA mortgage servicing rules go into effect April 19, 2018.

04/13/18

Oregon: Proof of Standing Clarified in Appellate Ruling USFN

Oregon: Proof of Standing Clarified in Appellate Ruling
On February 28, 2018 the Oregon Court of Appeals issued an opinion reversing and remanding the trial court’s summary judgment decision in favor of the foreclosing plaintiff, on the basis that

04/12/18

This Software Works Just as Accurately as Your Lawyer--Only 200 Times Faster INC

This Software Works Just as Accurately as Your Lawyer--Only 200 Times Faster
Artificial intelligence startup LawGeex put its software up against a group of lawyers. The results were pretty eye-opening.

04/12/18

Lawyer-Bots Are Shaking Up Jobs MIT Technology Review

Lawyer-Bots Are Shaking Up Jobs
AI is augmenting and automating the tasks currently performed by hundreds of thousands of people in the U.S. alone.

04/12/18

Florida Foreclosure Reversed Because Lender Did Not Prove Compliance with HUD Regulation SOUTHEAST FINANCIAL LITIGATION MONITOR

Florida Foreclosure Reversed Because Lender Did Not Prove Compliance with HUD Regulation
On December 2, 2016, Florida’s Fifth District Court of Appeal filed an opinion overturning a foreclosure sale on grounds that

04/12/18

Five decades after Fair Housing Act, segregation continues Baltimore Sun

Five decades after Fair Housing Act, segregation continues
any Americans undoubtedly recognize Norman Rockwell’s 1967 painting, “New Kids in the Neighborhood.”

04/12/18

Subprime mortgages make a comeback—with a new name and soaring demand CNBC

Subprime mortgages make a comeback—with a new name and soaring demand
The subprime mortgage industry vanished after the Great Recession but is now being reinvented as the nonprime market.

04/12/18

First-Ever Evictions Database Shows: 'We're In the Middle Of A Housing Crisis' NPR

First-Ever Evictions Database Shows: 'We're In the Middle Of A Housing Crisis'
For many poor families in America, eviction is a real and ongoing threat. Sociologist Matthew Desmond estimates that 2.3 million evictions were filed in the U.S. in 2016 — a rate of four every minute.

04/12/18

Bank Fraud News: The reason why banks and servicers should receive no presumption of reliability Living Lies

Bank Fraud News: The reason why banks and servicers should receive no presumption of reliability
The following is but a short sampling supporting the argument that any document coming from the banks and servicers is suspect and unworthy of any legal presumption of authenticity or validity.

04/11/18

Atlas Consumer Law Secures $3,582,000 jury verdict obtained by Monette Saccameno, a resident of Cook County Illinois, and against Ocwen Loan Servicing LLC, a national mortgage loan servicer StreetInsider.com

Atlas Consumer Law Secures $3,582,000 jury verdict obtained by Monette Saccameno, a resident of Cook County Illinois, and against Ocwen Loan Servicing LLC, a national mortgage loan servicer
LOMBARD, Ill., April 11, 2018 /PRNewswire/ -- Monette Saccameno secured a jury verdict against Ocwen Loan Servicing LLC (Ocwen), a national mortgage loan servicer for its breach of contract, breach of fiduciary duty, violations of

04/11/18

Mick Mulvaney's assault on consumer finances and the CFPB is illegal as well as wrong USA Today

Oregon Strikes Down Hearsay Part of Affidavit
Mick Mulvaney's attacks on consumer financial protection are illegal as well as wrong. Donald Trump is ignoring the Dodd-Frank law Congress wrote to prevent this.

04/11/18

Adverse Possession vs Cancellation of Instrument and Quiet Title Living Lies

Adverse Possession vs Cancellation of Instrument and Quiet Title
In the final analysis, the only way to smoke out the banks on their fraudulent claims as “creditors” or “agents of creditors” is to create a situation where the creditor must be disclosed.

04/10/18

Oregon Strikes Down Hearsay Part of Affidavit Living Lies

Oregon Strikes Down Hearsay Part of Affidavit
Contrary to the trial court decision, the appellate court found that the homeowner was correct in his objection to portions of a declaration that were clearly hearsay. Those hearsay portions were the basis for granting relief to the foreclosing party.

04/10/18

A House You Can Buy, But Never Own

The Atlantic

A House You Can Buy, But Never Own
African Americans in the same neighborhoods decimated by subprime lending are now being targeted with new predatory loan offerings, a lawsuit argues.

04/10/18

Consumer Groups Launch Website Tracking Mick Mulvaney’s Anti-Consumer Actions

Center For Responsible Lending

Consumer Groups Launch Website Tracking Mick Mulvaney’s Anti-Consumer Actions
As Mulvaney, the “Acting Director” of the Consumer Financial Protection Bureau, testifies before Congress, ConsumersUnderAttack.Org shows how he has favored predatory lenders over American consumers

04/10/18

Under Trump, a voice for the American consumer goes silent

APnews

Under Trump, a voice for the American consumer goes silent
NEW YORK (AP) — In the 135 days since the Trump administration took control of the nation’s consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever.

04/09/18

CFPB reportedly seeking $1 billion fine against Wells Fargo

Housing Wire

CFPB reportedly seeking $1 billion fine against Wells Fargo
Could Wells Fargo be facing a record fine from the Consumer Financial Protection Bureau?

04/09/18

Why Void Assignments are Void Not Voidable

Living Lies

Why Void Assignments are Void Not Voidable
RATIFICATION OF VOID ASSIGNMENTS IS IMPOSSIBLE AND ABSURD In the wake of the California Supreme Court’s decision in Yvanova

04/09/18

Discovery in Foreclosure Actions

Living Lies

Discovery in Foreclosure Actions
Discovery is more complex than lay people realize. There is a lot of work that goes on behind the scenes in court.

04/07/18

The “Old Boys Network” of Virginia Doing it Again - with the collusion of Judges and Lawyers - Ensuring they DRAIN the Estate & Destroy a Family

American Legal News

The “Old Boys Network” of Virginia Doing it Again - with the collusion of Judges and Lawyers - Ensuring they DRAIN the Estate & Destroy a Family
The SCHEME one the “Old Boys Network” of Virginia uses Time and Time again At first blush the case:

04/04/18

MERSCORP and eOriginal debut eNote Solutions

Housing Wire

MERSCORP and eOriginal debut eNote Solutions
On Wednesday, MERSCORP and eOriginal announced the launch of a new solution both companies say will enable originators to accelerate digital mortgage adoption.

04/04/18

FL 2ND DCA: SPENCER V. DITECH FINANCIAL – SOME-EVIDENCE, NO-EVIDENCE RULE IN FORECLOSURES

4closurefraud.org

FL 2ND DCA: SPENCER V. DITECH FINANCIAL – SOME-EVIDENCE, NO-EVIDENCE RULE IN FORECLOSURES
Are Florida’s Appellate Courts finally getting fed up with the lower courts allowing inadmissible evidence in foreclosure proceedings? Read Judge Salario’s Specially concurring opinion below, along with the full opinion attached and decide for yourselves.

04/03/18

The Head of the Consumer Financial Protection Bureau Asks Congress to Gut His Own Agency

Mother Jones

The Head of the Consumer Financial Protection Bureau Asks Congress to Gut His Own Agency
Before joining the Trump administration, White House budget director Mick Mulvaney made no secret of his dislike for the Consumer Financial Protection Bureau (CFPB), the agency created in the wake of the 2008 financial crisis to better supervise Wall Street.

04/03/18

BankThink Mulvaney’s CFPB plan is dangerous

American Banker

BankThink Mulvaney’s CFPB plan is dangerous
When Mick Mulvaney first took the reins of the Consumer Financial Protection Bureau last year, he attempted to reassure anxious employees and the public that he was not there to destroy the agency, despite his outspoken public contempt for the agency.

04/02/18

Securitization and Standing

Living Lies

Securitization and Standing
Like other decisions establishing the law of the land, the decisions of SCOTUS are often taken as advisory or optional. Nevertheless

04/02/18

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency

NPR

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency
The Trump administration will ask Congress to make drastic changes to weaken the independence of the Consumer Financial Protection Bureau, NPR has learned.

04/02/18

Court throws out Iraq vet's foreclosure after bank missed deadline

News Day

Court throws out Iraq vet's foreclosure after bank missed deadline
A Central Islip military veteran and his wife won their 12-year battle to save their home when the appellate division of the state Supreme Court threw out the foreclosure case against them.

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