Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
01/31/18	Stunner: Court of Appeals reverses earlier ruling, declares CFPB constitutional	Housing Wire	Stunner: Court of Appeals reverses earlier ruling, declares CFPB constitutional PHH’s challenge to CFPB leadership structure rebuked by full Court of Appeals
01/31/18	Former Fannie Mae employee accused of taking bribes, selling foreclosures below market value	Housing Wire	Former Fannie Mae employee accused of taking bribes, selling foreclosures below market value A former Fannie Mae employee allegedly made more than $1 million by accepting bribes and approving the sales of foreclosed properties at below market value to herself and to brokers in exchange for kickbacks.
01/31/18	Court of Appeals rules against CFPB, vacates PHH’s $100M fine for alleged RESPA violations	Housing Wire	Court of Appeals rules against CFPB, vacates PHH’s $100M fine for alleged RESPA violations While the main story coming out of Wednesday’s stunning decision from the Court of Appeals for the District of Columbia Circuit was the court upholding the constitutionality of the Consumer Financial Protection Bureau, the CFPB didn’t escape unscathed.
01/31/18	TILA Rescission Notice Does NOT Require Justification	Living Lies	TILA Rescission Notice Does NOT Require Justification Again we return to the issue of rescission under TILA. And again I am correcting the mistaken view that the grounds for sending the notice of rescission must somehow be established before sending it,
01/29/18	Bank of America to Pay $3.4M Whistleblower Settlement Over Foreclosure Practices	Daily Business Review	Bank of America to Pay $3.4M Whistleblower Settlement Over Foreclosure Practices The lawsuit alleged the bank was using rubber-stamped promissory note endorsements in violation of a consent judgment.
01/26/18	New York Foreclosures At All-Time High, America At All-Time Low	White Plains Daily Voice	New York Foreclosures At All-Time High, America At All-Time Low Foreclosure auctions in the U.S. are at an 11-year low -- but not in New York.
01/26/18	EDITORIAL: Amazingly, consumer protection bureau now has it in for consumers	Chicago Sun Times	EDITORIAL: Amazingly, consumer protection bureau now has it in for consumers Too bad there is no bureau to protect the Consumer Financial Protection Bureau....
01/26/18	FRAUDCLOSURE: NOW HIRING – SELECT PORTFOLIO SERVICING CHAIN OF TITLE SPECIALIST	4closurefraud.org	FRAUDCLOSURE: NOW HIRING – SELECT PORTFOLIO SERVICING CHAIN OF TITLE SPECIALIST Job Summary: Provides assistance in demonstrating the Investor has the appropriate legal authority to initiate actions through a complete Chain of Title, by
01/25/18	Lawsuit claiming public being milked for access to court records advances	Ars Technica	Lawsuit claiming public being milked for access to court records advances A lawsuit that claims the public is being overcharged by the US government's website for accessing federal court records just took a major step forward. A federal judge overseeing the litigation against PACER,
01/25/18	Miami Judge Sanctions Law Firm, Treasury Secretary Mnuchin's Former Bank for 'Frivolous' Foreclosure	Daily Business Review	Miami Judge Sanctions Law Firm, Treasury Secretary Mnuchin's Former Bank for 'Frivolous' Foreclosure Miami-Dade Circuit Judge Pedro P. Echarte Jr. sanctioned Treasury Secretary Steven Mnuchin’s former bank, California-based OneWest Bank, and its law firm for filing a frivolous foreclosure against a widow.
01/25/18	Ten years after foreclosures hit Cleveland hard, full recovery remains elusive	Crainscleveland.com	Ten years after foreclosures hit Cleveland hard, full recovery remains elusive he public radio program Marketplace, which is exploring how the financial crisis and its aftermath changed the country in a project called Divided Decade, this week focused on Cleveland and the city's efforts to dig out of the foreclosure crisis.
01/25/18	N.J. leads the nation in foreclosures. See which county had the most	Nj.com	N.J. leads the nation in foreclosures. See which county had the most New Jersey once again claimed the infamous honor of leading the nation in foreclosures in 2017. But that's largely because foreclosures take longer to play out in New Jersey, and there are signs things are definitely improving.
01/24/18	Pennsylvania now requires nonbank servicers to be licensed to operate in state	Housing Wire	Pennsylvania now requires nonbank servicers to be licensed to operate in state Nonbank mortgage servicers have five months to get licensed in the state of Pennsylvania if they want to keep operating in the state.
01/24/18	BankThink Misguided data freeze keeps CFPB from doing its job: Elizabeth Warren	American Banker	BankThink Misguided data freeze keeps CFPB from doing its job: Elizabeth Warren During the fallout from the financial crisis, I worked with Congress to design the Consumer Financial Protection Bureau to stand up for consumers and hold accountable the giant corporations that had crashed the economy. Congress gave
01/24/18	$20M windfall for UC law schools in wrongful foreclosure suit shrinks to $150K	ABA Journal	$20M windfall for UC law schools in wrongful foreclosure suit shrinks to $150K A federal judge has vacated a punitive damages award against Bank of America that gave $20 million to the University of California’s five law schools in a wrongful foreclosure case.
01/24/18	$35 Million and All is Forgiven	Living Lies	$35 Million and All is Forgiven Foreclosure law exists in its own separate universe. Ordinarily the final administrative finding that there were deficiencies in servicing and foreclosure processing would create, at a minimum,
01/24/18	When and What is Consummation of Contract?	Living Lies	When and What is Consummation of Contract? Like many other “Black letter law” situations, when it comes to foreclosures the courts are ignoring all precedent, statutes, rules and regulations when they consider a loan contract consummated when one party signs documents — without the other side showing it signed documents and performed its obligations. Without consideration passing both ways, there is no contract to enforce.
01/24/18	All Seattle’s new wealth couldn’t save many homeowners from foreclosure	Seattle Times	All Seattle’s new wealth couldn’t save many homeowners from foreclosure A decade after the banking collapse and the start of the mortgage crisis — which disproportionately targeted minorities and women — people who lost personal battles and homes still are struggling to recover.
01/23/18	How the foreclosure crisis turned four Seattle women into crusaders against predatory lending	Seattle Times	How the foreclosure crisis turned four Seattle women into crusaders against predatory lending The housing crisis of a decade ago turned home prices and people’s futures upside down. While the nation rebounded and the Seattle area launched into a historic economic revival, some homeowners found themselves facing foreclosure. Here are the stories of four women who fought to save their homes — and found a common cause.
01/23/18	Newly Defanged, Top Consumer Protection Agency Drops Investigation of High-Cost Lender	ProPublica	Newly Defanged, Top Consumer Protection Agency Drops Investigation of High-Cost Lender In 2013, ProPublica published an investigation of the subprime lender World Finance. World was charging annual
01/22/18	PUERTO RICO CAN’T AFFORD ANOTHER CRISIS, IT NEEDS A MORATORIUM ON ALL FORECLOSURES	Newsweek	PUERTO RICO CAN’T AFFORD ANOTHER CRISIS, IT NEEDS A MORATORIUM ON ALL FORECLOSURES Two days after Hurricane María passed through Puerto Rico, I was able to get in a car and begin what would be the daily task for the next couple of weeks of looking for water and gas.
01/22/18	Tax Lien Law Haunts Massachusetts Property Owners(Pt. 1)	The New England Center for Investigative Reporting	Tax Lien Law Haunts Massachusetts Property Owners(Pt. 1) Imagine losing your home and all your equity because you failed to pay a $500 water or sewer bill. As dozens of cities and towns in Massachusetts turn to for-profit companies to go after delinquent taxpayers and balance their books, the consequences can be harsh – big legal fees, high interest rates and even foreclosures and evictions.
01/22/18	Deutsch Bank National Trust Company Was Crushed in Texas in 2015. Why isn’t anyone listening?	Living Lies	Deutsch Bank National Trust Company Was Crushed in Texas in 2015. Why isn’t anyone listening? When a judge looks carefully at the record, the bank loses. The use of Deutsch’s name in the style of the case still shows that Judges are considering the Plaintiff to be
01/20/18	MA Foreclosure Rate Higher Than National Average: New Report	Wayland Patch	MA Foreclosure Rate Higher Than National Average: New Report Massachusetts had a higher than average rate of foreclosure filings in the United States for 2017, according to a new report.
01/20/18	YOU THINK YOUR LANDLORD IS BAD? TRY RENTING FROM WALL STREET	The Intercept	YOU THINK YOUR LANDLORD IS BAD? TRY RENTING FROM WALL STREET RENITA BARBEE, 52, was still grieving the death of her mother last fall when she received another shock. Her landlord, the Wall Street rental
01/20/18	Connecticut Ranks High Among States In Foreclosure Activity	Hartford Courant	Connecticut Ranks High Among States In Foreclosure Activity The worst of the residential foreclosure crisis may be in Connecticut’s rearview mirror, but a report this week still ranks the state high among all states for homeowners with troubled mortgages.
01/19/18	Christiana Trust/Wilmington Savings Crash and Burn on Standing and More	Living Lies	Christiana Trust/Wilmington Savings Crash and Burn on Standing and More In this mortgage foreclosure case, the underlying mortgage was passed around like the flu, giving rise to a complexity of ownership
01/18/18	Citigroup: The Poster Child of Bad Mortgages!	Richardmbowen.com	Citigroup: The Poster Child of Bad Mortgages! This past Sunday the PBS documentary produced by WNET, New York, about Sherry Hunt, one of my former chief underwriters (Sherry blew the whistle on Citigroup four years after I was thrown out for warning about their bad mortgages), and myself aired on KERA Channel 13, Dallas PBS.
01/18/18	Wells Fargo “Explains” Securitization	Living Lies	Wells Fargo “Explains” Securitization This is a blatant attempt at deception — a deceit without which none of the Trusts would be recognized as legal entities much less the owner of loans.
01/17/18	Ocwen Admission Confounds Judges and Experts	Living Lies	Ocwen Admission Confounds Judges and Experts This is a blatant attempt at deception — a deceit without which none of the Trusts would be recognized as legal entities much less the owner of loans.
01/16/18	Wells Fargo, Ocwen and Fake REMIC Trust Crash on Standing	Living Lies	Wells Fargo, Ocwen and Fake REMIC Trust Crash on Standing What is surprising about this case is that there was any appeal. The trial court had no choice but to dismiss the foreclosure claim.
01/16/18	“MERS” Entities and RoboMills are now “off the hook”!	Cloudedtitlesblog.com	“MERS” Entities and RoboMills are now “off the hook”! Consent Order Terminations were issued this past week by the five federal agencies that imposed them on MERSCORP Holdings, Inc. (f/k/a MERSCORP, Inc.), its baby bastard child,
01/15/18	Castillo v. Nationstar \| CA DC-	Stopforeclosurefraud.com	Castillo v. Nationstar \| CA DC- This is one of the few cases where the settlement is public. The order explains some of it, but the Elizabeth Letcher declaration has the meat.
01/15/18	Federal Reserve Board announces termination of enforcement actions against 10 banking organizations, civil monetary penalties against five of the 10, and termination of two joint orders against service providers LPS & MERSCORP	Stopforeclosurefraud.com	Federal Reserve Board announces termination of enforcement actions against 10 banking organizations, civil monetary penalties against five of the 10, and termination of two joint orders against service providers LPS & MERSCORP The Federal Reserve Board on Friday announced the termination of enforcement actions related to residential mortgage loan servicing and foreclosure processing issued in 2011 and 2012 against 10 banking organizations.
01/15/18	A Little Bit of Foreclosure Soap Won’t Wash Away Those Unclean Hands	Huffington Post	A Little Bit of Foreclosure Soap Won’t Wash Away Those Unclean Hands It sounds almost biblical; a pronouncement from up high and a warning that those who crave riches must do so by ethical means: so-called “clean hands.”
01/15/18	Financial Industry Caught with Its Hand in the Cookie Jar	Living Lies	Financial Industry Caught with Its Hand in the Cookie Jar Leveraged loan investors are now concerned about whether they are funding a loan to one entity and then “by succession” ending up with another borrower with a different credit profile, reputation, etc.
01/11/18	DEUTSCHE BANK NAT’L TRUST CO. V. BURKE: NEITHER DEUTSCHE BANK NOR ANY MORTGAGE SERVICER ACTING ON ITS BEHALF HAS THE RIGHT TO FORECLOSE	4closurefraud.org	DEUTSCHE BANK NAT’L TRUST CO. V. BURKE: NEITHER DEUTSCHE BANK NOR ANY MORTGAGE SERVICER ACTING ON ITS BEHALF HAS THE RIGHT TO FORECLOSE DEUTSCHE BANK NAT’L TRUST CO. V. BURKE: NEITHER DEUTSCHE BANK NOR ANY MORTGAGE SERVICER ACTING ON ITS BEHALF HAS THE RIGHT TO FORECLOSE ~ FINAL DECLARATORY JUDGMENT STEPHEN Wm SMITH, Magistrate Judge. Judgment is rendered in favor of defendants John and Joanna Burke against plaintiff Deutsche Bank National Trust Co., as Trustee of the
01/10/18	New York City foreclosures rise to post-crisis high	Housing Wire	New York City foreclosures rise to post-crisis high There haven’t been this many homes in foreclosure in New York City since the housing crisis, but the news isn’t quite as bad as it seems, a new report shows.
01/10/18	Fact Check: Robo-witness knows nothing	Living Lies	Fact Check: Robo-witness knows nothing Information is admitted in evidence only after a proper foundation has been laid. If the witness knows nothing about the foundation the evidence should not be admitted as evidence.

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