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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05/31/18

Modification or Refi? Which is it? Living Lies

Modification or Refi? Which is it?
The term “modification” admittedly is given broad meaning in modern jurisprudence. But like assignments, Pooling and Servicing Agreements, and the other fabricated documents

05/30/18

TO FIGHT THE GOOD FIGHT … OR NOT! Clouded Titles

TO FIGHT THE GOOD FIGHT … OR NOT!
OP-ED — THIS IS STEP THREE OF A 3-PART SERIES BY DAVE KRIEGER, AUTHOR OF CLOUDED TITLES I have conducted intense research for over ten years on chain of title issues and what it means for affected homeowners.

05/29/18

Judge: Attorney Mark Stopa ‘clearly has emotional problem,’ shouldn’t be disbarred Tampa Bay Times

Judge: Attorney Mark Stopa ‘clearly has emotional problem,’ shouldn’t be disbarred
A Pinellas County judge has stopped short of calling for disbarment of local foreclosure defense attorney Mark Stopa, instead recommending

05/29/18

Foreclosure May Be Invalid if There is No Authority for the Mortgage Servicer to Send Right-to-Cure Notice Culik Law

Foreclosure May Be Invalid if There is No Authority for the Mortgage Servicer to Send Right-to-Cure Notice
The Massachusetts Supreme Judicial Court has entered a new decision explaining the requirements for a valid foreclosure. In the case of Eaton v. Fannie Mae,

05/28/18

Internal auditor reports 'diluted, suppressed and ignored' Financial Review

Internal auditor reports 'diluted, suppressed and ignored'
Internal auditors are having their reports "diluted or suppressed" or even seeing their careers derailed when they raise red flags within large corporations.

05/26/18

THE JOURNEY BEGINS WHEN THE PITY PARTY ENDS … STEP TWO! Clouded Titles

THE JOURNEY BEGINS WHEN THE PITY PARTY ENDS … STEP TWO!
The Internet can be a dangerous thing, especially when doing research, trying to find answers to questions surrounding a potential financial issue that could become a crisis, like a foreclosure.

05/25/18

Homeowners Sue SPS in Class Action Over Failure to Mitigate Living Lies

Homeowners Sue SPS in Class Action Over Failure to Mitigate
Thousands of cases like this one have pointed out that SPS and other servicers like Ocwen do not consult with any investor, do not evaluate the case for settlement, modification or mitigation. The answer to questions arising from the unwillingness of those companies to comply with law stems from the fact

05/24/18

Getting Rich on Government-Backed Mortgages Bloomberg

Getting Rich on Government-Backed Mortgages
In his corner of American finance, where hard selling meets hard luck, Angelo Christian is a star, and he looks the part.

05/24/18

Ohio Bankruptcy Court Strikes Down Mortgage, Imposes Six-Year Statute of Limitations JDSupra

Ohio Bankruptcy Court Strikes Down Mortgage, Imposes Six-Year Statute of Limitations
In summary, the plaintiff must be the holder of the note and mortgage with the right of enforcement of both instruments in order to bring a meritorious foreclosure action in Ohio.1 What is the statute of limitations for a foreclosure action in Ohio? Ohio law has two distinct statutes of limitation for enforcing notes and mortgages. The Ohio Supreme Court in Deutsche Bank Nat'l Trust Co. v. Holden ruled that an action to collect on a note is separate and distinct from an action to foreclose on a mortgage.

05/23/18

Dodd-Frank 'rollback'? What bipartisan easing of bank rules could mean. Christian Science Monitor

Dodd-Frank 'rollback'? What bipartisan easing of bank rules could mean.
Banks are a fulcrum of the economy, either fueling growth or sometimes stifling it when their condition turns sour. So it's worth a closer look when some Democrats join Republicans to ease their regulatory boundaries.

05/22/18

Congress Rolls Back Part Of Dodd-Frank, Easing Rules For Midsize, Smaller Banks NPR

Congress Rolls Back Part Of Dodd-Frank, Easing Rules For Midsize, Smaller Banks
The House voted Tuesday to ease rules for midsize and regional banks in what is considered the largest undoing to date of banking rules put in place in the wake of the financial crisis. The vote was 258-159.

05/21/18

Do the job or depart: Mick Mulvaney should resign from the CFPB Pittsburgh Post Gazette

Do the job or depart: Mick Mulvaney should resign from the CFPB
Sen. Sherrod Brown, a Democrat from Ohio, has called for Mick Mulvaney to resign as acting director of the Consumer Financial Protection Bureau.

05/16/18

JOHNSON vs DEUTSCHE BANK TRUST COMPANY | FL 2DCA- the evidence of its standing as an owner or holder of the Johnsons’ promissory note was insufficient to sustain a summary judgment in its favor Stopforeclosurefraud

JOHNSON vs DEUTSCHE BANK TRUST COMPANY | FL 2DCA- the evidence of its standing as an owner or holder of the Johnsons’ promissory note was insufficient to sustain a summary judgment in its favor
KELI N. JOHNSON and THOMAS E. JOHNSON, Appellants, v. DEUTSCHE BANK NATIONAL TRUST COMPANY AMERICAS, as Trustee RALI 2007-QS1, Appellee. Case No. 2D16-4262.

05/14/18

“Boarding Loans:” Centralized “Processing” at LPS (Black Knight) Living Lies

“Boarding Loans:” Centralized “Processing” at LPS (Black Knight)
It’s complicated. But as this article proudly states, Black Knight is a leading “fintech” company, meaning that it handles the technology and software for “servicing” loans in default

05/14/18

NACA to CFPB: Maintain Processes That Facilitate Vigorous Enforcement of Consumer Laws NACA

NACA to CFPB: Maintain Processes That Facilitate Vigorous Enforcement of Consumer Laws
NACA submitted comments in response to the Consumer Financial Protection Bureau's Request for Information on its Enforcement Processes. NACA is concerned that the CFPB has issued

05/14/18

STOP WALLOWING IN SELF-PITY AND START FIGHTING BACK! Clouded Titles Blog

STOP WALLOWING IN SELF-PITY AND START FIGHTING BACK!
I write this post to convey a thought process that had not only entered my mind at a point in time back in late 2002, but I also had to consider that other American homeowners have also had this same thought process under similar circumstances as frequently as the moment you’re reading this post.

05/14/18

CFPB techies blast talk of taking down complaint portal FCW

CFPB techies blast talk of taking down complaint portal
Created by the 2010 Dodd-Frank law, the Consumer Financial Protection Bureau is one of the first federal examples of bringing in outside tech talent to deliver government services.

05/09/18

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure Living Lies

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure
The case shows that we are all continuing to be held under an umbrella that is blocking the sunlight. I’m happy that Lopez won the appeal. But the court still is not putting the pieces together.

05/09/18

Monroe County Legislature halts foreclosure sale of family home Stopforeclosurefraud.com

Monroe County Legislature halts foreclosure sale of family home
WHEC- Eric and Alison Endicott could finally breathe Tuesday night after several tense moments during the meeting of the Monroe County Legislature.

05/09/18

WHY BIG BANKS LOVE PAYING FINES TO THE U.S. GOVERNMENT 4closurefraud.org

WHY BIG BANKS LOVE PAYING FINES TO THE U.S. GOVERNMENT
Deutsche Bank said they were happy to settle with the Federal Reserve. Why is Deutsche Bank happy to settle?

05/09/18

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure Living Lies

US Bank “Owner Trustee” v Lopez; Ill 2d DCA Takes a Second Look and Vacates Foreclosure
The case shows that we are all continuing to be held under an umbrella that is blocking the sunlight. I’m happy that Lopez won the appeal. But the court still is not putting the pieces together.

05/08/18

Washington Land Owners Should Use the Torrens Act to Protect their Real Property Scottstafne.com

Washington Land Owners Should Use the Torrens Act to Protect their Real Property
If you own a home in Washington State, and you want to protect your investment, then you need to take action

05/02/18

University of Illinois Phases Out Clinic That Helps Prevent Local Foreclosures Wglt.org

University of Illinois Phases Out Clinic That Helps Prevent Local Foreclosures
McLean County residents facing home foreclosure will no longer be able to receive free help from a legal clinic sponsored by the University of Illinois.

05/01/18

Ocwen Failing? Who cares — they don’t do the “Servicing” anyway Living Lies

Ocwen Failing? Who cares — they don’t do the “Servicing” anyway
For years I have been saying and writing about the fact that the apparent servicer actually does nothing. Ocwen’s source of data capture and maintenance has been

05/01/18

Where The Foreclosures Are Still Happening In Chicago Chicagonow.com

Where The Foreclosures Are Still Happening In Chicago
Once a month I do a quick review of Chicago's foreclosure activity and the overall trend has been very encouraging,

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