Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
03/29/18	U.S. Bank v Joseph	Stopforeclosurefraud.com	U.S. Bank v Joseph \| American Veteran’s 12 year battle with bank ends with Appellate Court reversing the lower court and dismissing foreclosure as barred by the statute of limitations
03/29/18	Tracey v. WELLS FARGO BANK, NA \| FL 2DCA	Stopforeclosurefraud.com	Tracey v. WELLS FARGO BANK, NA \| FL 2DCA – the breach of the modification agreements became an integral part of the basis of Wells Fargo’s theory of recovery as well as the final judgment the circuit court ultimately entered… and so we must reverse the court’s final judgment.
03/29/18	The Long Island Foreclosure Epidemic	New York Law Journal	The Long Island Foreclosure Epidemic The economic crisis of 2008 is over. All indicators show that the national economy is humming along. Yet, Long Island is currently mired in an foreclosure epidemic that shows little, if any signs of easing.
03/29/18	Barclays Agrees to Pay $2 Billion in Civil Penalties to Resolve Claims for Fraud in the Sale of Residential Mortgage-Backed Securities	Ackley Law	Barclays Agrees to Pay $2 Billion in Civil Penalties to Resolve Claims for Fraud in the Sale of Residential Mortgage-Backed Securities Two Former Barclays Executives Agree to Pay $2 Million to Resolve Claims Brought Against Them Individually The United States has reached agreement
03/28/18	New York foreclosure firm accused of cheating Fannie Mae out of millions	Housing Wire	New York foreclosure firm accused of cheating Fannie Mae out of millions A New York foreclosure law firm allegedly used its affiliated companies to “systemically” overcharge for foreclosure-related services and defraud Fannie Mae out of “millions of dollars,” the Department of Justice said in court this week.
03/28/18	Wells Fargo “Lending” Securities It Didn’t Own	Deadly Clear	Wells Fargo “Lending” Securities It Didn’t Own This is why there is over $11 TRILLION in UNREGULATED MBS DERIVATIVE debt when there are only 100 million mortgageable properties in the U.S. housing universe. Securitization and rehypothecation have taken down the American Dream and creamed Fannie & Freddie.
03/26/18	Wells Fargo’s Overseer -- Make That Over-Looker -- Has Just Been Promoted	The American Prospect	Wells Fargo’s Overseer -- Make That Over-Looker -- Has Just Been Promoted The leader of the San Francisco Fed has been tapped to head the New York Fed, the nation’s frontline bank supervisor. That doesn’t augur well.
03/22/18	LOCAL LAWYER EXPLAINS HOW A LOCAL VETERAN IS FACING FORECLOSURE	Kezi.com	LOCAL LAWYER EXPLAINS HOW A LOCAL VETERAN IS FACING FORECLOSURE KEZI spoke to a local lawyer to break down the legality of the Ulino couple's situation.
03/20/18	Mortgage company threatens foreclosure for 'missed' payments	Azfamily.com	Mortgage company threatens foreclosure for 'missed' payments Edwin Valrey-Jung said he was making his mortgage payments but the mortgage company said he wasn't getting them. The problem, he says, is that his home loan has been sold two different times to different companies and the payments he made had somehow fallen through the cracks.
03/17/18	URGENT! Washington Homeowners Demand Governor Inslee reject Bill 2057 NOW!	Living Lies	URGENT! Washington Homeowners Demand Governor Inslee reject Bill 2057 NOW! The Washington State Legislature is one vote away from making changes to Bill 2057 that would be detrimental to homeowners. The changes would clear the way for anyone, without proof, to claim to be in possession of a promissory note, and to make it a slam-dunk to foreclosure non-judicially.
03/15/18	Davidson v. Seterus, Inc. \| CA COA	Stopforeclosurefraud.com	Davidson v. Seterus, Inc. \| CA COA – Mortgage Servicer could be considered a “debt collector” under California’s Rosenthal Fair Debt Collection Practices Act (the Rosenthal Act; Civ. Code,1 sec. 1788 et seq.)
03/15/18	Foreclosure activists take aim at banks with what they say are fraudulent documents	Worcester Magazine	Foreclosure activists take aim at banks with what they say are fraudulent documents Housing activists are padding a case against banks they say have consistently lied to the courts in foreclosure cases. The Worcester Anti-Foreclosure Team rallied
03/15/18	On 10th Anniversary of Wall Street Crash, Democrats Help GOP Set Stage for Next One	Common Dreams	On 10th Anniversary of Wall Street Crash, Democrats Help GOP Set Stage for Next One Can Schumer's Democrats claim to fight for the little guy after deregulating 25 of the country's 40 biggest banks—and making it more likely the little guy's money will be used to give them bailouts?"
03/14/18	Senate Hands Major Gift to Wall Street for Second Time in Less Than Six Months	NACA	Senate Hands Major Gift to Wall Street for Second Time in Less Than Six Months The U.S. Senate today voted [67-31] to roll back crucial banking safeguards that were installed after the 2008 financial crisis to prevent
03/14/18	The Fallacy of Legitimacy: SEC Documents are not Evidence	Living Lies	The Fallacy of Legitimacy: SEC Documents are not Evidence Documents filed with the SEC are not evidence of the legitimacy of a PSA. The PSA was not filed with the SEC although the banks would like you to think so. The document,
03/14/18	How Mortgage Companies Might Finally Be Held Accountable	The Nation	How Mortgage Companies Might Finally Be Held Accountable Brad Miller’s been tracking his particular white whale for over a decade. But he hadn’t found the right harpoon with which to slay it. Until last week.
03/13/18	Legal tech is opening the system to those who need legal representation the most	Techcrunch.com	Legal tech is opening the system to those who need legal representation the most Jane (whose name changed for privacy purposes) had been living with her elderly mother for more than 20 years in a rent-stabilized apartment in the
03/13/18	How two smart California laws kept the 2008 mortgage crisis from being far worse	The Sacramento Bee	How two smart California laws kept the 2008 mortgage crisis from being far worse A decade after the mortgage crisis swept California, home prices are rising, far fewer borrowers are under water, and the state’s economy and government’s finances are strong. Two little-discussed anti-foreclosure laws deserve much credit for slowing the initial devastation and for helping to stabilize the housing market and the economy.
03/12/18	Rally and Press Conference at Worcester County Courthouse on 3/12	MAAPL.info	Rally and Press Conference at Worcester County Courthouse on 3/12 Wronged Homeowners to Submit Video Proof of Criminal Fraud by Mega-Banks to Worcester District Attorney
03/12/18	Senate banking bill rewards Equifax despite privacy breaches	Politico	Senate banking bill rewards Equifax despite privacy breaches Equifax’s role in the biggest consumer data breach in U.S. history isn’t stopping Congress from giving the giant credit reporting company sweeping protection from lawsuits while allowing it to expand its offerings into the mortgage business.
03/09/18	David Dayen at the L.A. Times: One thing Democrats and Republicans apparently agree on: Destabilizing the banking sector again	Living Lies	David Dayen at the L.A. Times: One thing Democrats and Republicans apparently agree on: Destabilizing the banking sector again Next week marks the 10th anniversary of the run on Bear Stearns, the investment bank that collapsed under the weight of toxic subprime mortgages.
03/09/18	Senate banking bill could make mortgages easier to get from your local bank	CNBC	Senate banking bill could make mortgages easier to get from your local bank Qualifying for a mortgage could require jumping through fewer hoops and meeting fewer requirements at banks with $10 billion or less in assets. To sidestep strict federal guidelines for so-called "qualified mortgages," those institutions would be required to keep the loan on their books instead of selling it, among other conditions.
03/08/18	Canada Bracing for Housing Crash Caused by the Same Illegal Practices as US	Living Lies	Canada Bracing for Housing Crash Caused by the Same Illegal Practices as US The US was a trial run and it worked perfectly for the investment banks. They got money from investors in exchange for what investors thought were RMBS. As they sold more and more of the junk
03/08/18	Homeowners fraudulently Foreclosed by Faux-Lenders were nothing but Collateral Damage to the Federal Reserve	Living Lies	Homeowners fraudulently Foreclosed by Faux-Lenders were nothing but Collateral Damage to the Federal Reserve Of the number of people who “purchased” a loan product leading up to the mortgage meltdown- most were refi’s on refi’s. At one point it was reported that MERS had data on
03/07/18	Nationstar Mortgage v Martins \| FL 4DCA –	Stopforeclosurefraud.com	Nationstar Mortgage v Martins \| FL 4DCA – (“Nationstar”) was not the holder of the note secured by his property at the time it filed a mortgage foreclosure suit…we reverse and direct the trial court to vacate the final judgment awarding fees to Mr. Martins
03/07/18	David Dayen via The Intercept: Stealth Attack on Wall Street Bank Reform foams the runway for the next Financial Crisis	Living Lies	David Dayen via The Intercept: Stealth Attack on Wall Street Bank Reform foams the runway for the next Financial Crisis Editor’s Note: S.2155 is known in Washington as the Crapo bill. A fitting name. Even Georgetown Law professor and former CFPB adviser Adam Levitin in a blog post warns the dangers of further bank deregulation. This bill functionally exempts 85% of US banks and credit unions from fair lending laws in the mortgage market
03/07/18	Only a Forensic Examiner can determine the Validity of an “Original” Note	Living Lies	Only a Forensic Examiner can determine the Validity of an “Original” Note Message of the day to homeowners and their lawyers: “stop admitting things that you assume are true.
03/07/18	FLORIDA: To Defeat Bartram, One Must Defeat the Default Claim	Cloudedtitlesblog.com	FLORIDA: To Defeat Bartram, One Must Defeat the Default Claim I was rummaging through some recent cases when I found a case involving HSBC Bank USA, NA who was acting as a Trustee for a REMIC, which got me thinking
03/06/18	Meet the California Whistleblower Lawyer Helping Cities Sue Wells Fargo	Law.com	Meet the California Whistleblower Lawyer Helping Cities Sue Wells Fargo When Sacramento joined the ranks of cities suing Wells Fargo & Co. over allegations of discriminatory mortgage lending practices, it turned last month to a lawyer at a small firm in San Francisco who has become a familiar foe for the bank
03/06/18	RBS reaches $500 million settlement with New York over mortgage securities	Reuters	RBS reaches $500 million settlement with New York over mortgage securities NEW YORK (Reuters) - Royal Bank of Scotland Group Plc (RBS.L) has reached a $500 million settlement with New York state to resolve
03/06/18	BARON & BUDD SECURES CLASS CERTIFICATION FOR HOME BUYERS AGAINST BANK OF AMERICA, COUNTRYWIDE FINANCIAL	Stopforeclosurefraud.com	BARON & BUDD SECURES CLASS CERTIFICATION FOR HOME BUYERS AGAINST BANK OF AMERICA, COUNTRYWIDE FINANCIAL Class action lawsuit alleges lender and appraisal company entered into a corrupt relationship to prepare fraudulent real estate appraisals to quickly close more home loans; subclass of Texas borrowers also certified
03/05/18	Mitch McConnell's big gift to the banks	CNN	Mitch McConnell's big gift to the banks This month marks the tenth anniversary of the $29 billion US government-backed bailout of Bear Stearns. The collapse of this giant investment bank in March 2008, under the weight of its bad mortgage-linked bets, marked the beginning of the global financial crisis.
03/05/18	OK, We Fabricated and Forged the Documentation. So What?	Living Lies	OK, We Fabricated and Forged the Documentation. So What? As Bill Paatalo (who brought this to my attention) says: “You can’t make this s–t up.” Reality is much stranger than fiction. This marks the point where we have entered the Twilight Zone in law where the rule of law is just a guidepost not to be confused with the real rule of men.
03/05/18	Ratification of Void Assignments to REMIC Trust is Clear Nonsense	Living Lies	Ratification of Void Assignments to REMIC Trust is Clear Nonsense The Yvanova string of cases in California are based upon some vague notion of whether a void assignment (e.g., past the cutoff date) could be ratified by the trust, trustee or trust beneficiaries.
03/04/18	Denied a Loan Modification or Refinance from Bank of America?	Living Lies	Denied a Loan Modification or Refinance from Bank of America? ATTENTION! IF YOU WERE WRONGLY DENIED OR DELAYED FOR MODIFICATION OF YOUR MORTGAGE PAYMENTS, YOU MAY BE ENTITLED TO SUBSTANTIAL COMPENSATION. CONTACT US NOW TO RECEIVE A FREE EVALUATION.
03/04/18	Investigator Bill Paatalo: FOIA Request Reveals Servicer’s “Justification” For Fraud In Obtaining Limited Power Of Attorney From FDIC	Living Lies	Investigator Bill Paatalo: FOIA Request Reveals Servicer’s “Justification” For Fraud In Obtaining Limited Power Of Attorney From FDIC This FOIA response from the FDIC dated June 29, 2017 contains a request to renew CIT Bank, N.A.’s “Limited Power of Attorney” from the FDIC regarding the failed IndyMac Bank, fsb and IndyMac Federal Bank, fsb. The “Justification” for CIT Bank’s request states as follows:
03/04/18	Big Wall Street Banks See Chance to Weaken Post-Crisis Rule	NYTimes	Big Wall Street Banks See Chance to Weaken Post-Crisis Rule The first significant bipartisan attempt to alter rules established after the 2008 financial crisis is turning into a battle on Capitol Hill, as some of the biggest Wall Street banks seek to
03/03/18	Investigator Bill Paatalo: The Money Trail Dead-Ends	Living Lies	Investigator Bill Paatalo: The Money Trail Dead-Ends Investigator Bill Paatalo has not put down the shovel since he started digging through voluminous amounts of bank data almost a decade ago. He sifts through thousands of documents filed by the SEC, FDIC, OCC, court dockets, FBI, Attorney General offices, internet and documents submitted from concerned citizens and whistle-blowers.
03/03/18	SIX YEARS LATER … AND THEY’RE STILL ROBOSIGNING!	Clouded Titles	SIX YEARS LATER … AND THEY’RE STILL ROBOSIGNING! In March of 2012, all of the major servicers and the 49 States Attorneys General (except Oklahoma) inked an agreement wherein the servicers would stop the then-common practice of “robosigning” documents. Six years later and it’s still going on.
03/02/18	FHA extends foreclosure moratorium for Puerto Rico, Virgin Islands hurricane victims	Housing Wire	FHA extends foreclosure moratorium for Puerto Rico, Virgin Islands hurricane victims The Department of Housing and Urban Development announced this week that the Federal Housing Administration is extending the foreclosure moratorium for Hurricane Maria victims in Puerto Rico and the U.S. Virgin Islands.
03/01/18	THINKING OF PLEADING TILA? THINK TWICE!	Clouded Titles	THINKING OF PLEADING TILA? THINK TWICE! The U.S. 8th Circuit Court of Appeals has just affirmed the U.S. District Court’s decision (for the District of Minnesota) on the Jesinoksi case once and for all.
03/01/18	Forensic Loan Audits	FEDERAL TRADE COMMISSION	Forensic Loan Audits Fraudulent foreclosure “rescue” professionals use half-truths and outright lies to sell services that promise relief to homeowners in distress. According to the Federal Trade Commission (FTC), the nation’s consumer protection agency, the latest foreclosure rescue scam to exploit financially strapped homeowners pitches forensic mortgage loan audits.
03/01/18	High Court to Examine Foreclosure Notice Requirements	Stopforeclosurefraud.com	High Court to Examine Foreclosure Notice Requirements Law.com- The Pennsylvania Supreme Court is set to decide whether a mortgagee must issue a new notice of intent to foreclose before filing a second foreclosure complaint after its initial complaint was dismissed.
03/01/18	CHASE BOMBSHELL! Investigator Bill Paatalo Follow-Up: JPMorgan Chase Ordered To Produce Wire Transfers Of Borrower’s Payments To Trust	Living Lies	CHASE BOMBSHELL! Investigator Bill Paatalo Follow-Up: JPMorgan Chase Ordered To Produce Wire Transfers Of Borrower’s Payments To Trust On February 23, 2018 JPMorgan Chase filed an emergency motion seeking clarification and an in camera review. (See: Chase Emergency Motion – Proodian (1) ) Here are some excerpts from the motion with my comments in CAPS:
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