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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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04/30/20

AMERICA BRACES FOR MASS FORECLOSURES AS ECONOMY RE-OPENS! Clouded Titles Blog

AMERICA BRACES FOR MASS FORECLOSURES AS ECONOMY RE-OPENS!
As expected, I’m getting backchannel feeds on the serious uptick in foreclosures, especially in the GSE-related foreclosure arena. So here’s the immediate concerns, based on my current research:

04/30/20

Have towns been profiting from abandoned properties? Living Lies

Have towns been profiting from abandoned properties?
One of the things that I have always wondered about was why cities, towns, counties and states did not take a far more aggressive attitude toward Wall Street banks in the mortgage meltdown. In particular why they didn’t attack false claims in foreclosures that were based upon fabricated, forged, backdated, and false documentation.

04/29/20

This Chart Shows How the Fed Manipulated Junk Bonds to Help the Dow Wall Street On Parade

This Chart Shows How the Fed Manipulated Junk Bonds to Help the Dow
Thus far, the highly controversial corporate bond buying programs that the Federal Reserve first announced on March 23 have yet to spend a dime according to a spokesperson for the New York Fed, the regional Fed bank

04/29/20

Deadly Loans, Toxic Results Living Lies

Deadly Loans, Toxic Results
I referred to “deadly transaction” and others have referred to the transactions with homeowners as financial weapons of mass destruction. What do we mean?

04/28/20

Unsanitized: Mortgage Servicers Trying to Steal Homes, Again The American Prospect

Unsanitized: Mortgage Servicers Trying to Steal Homes, Again
Those of us who have done some work on foreclosures over the years know that what mortgage companies tell their borrowers only has a passing relationship to the truth. After the financial crisis,

04/27/20

Mortgage Movies Journal KingCast

Mortgage Movies Journal
KingCast Presents: More Courts Protecting Dirty Bankster Lawyers -- The Mark Rattan File.

04/27/20

No Lump Sum Required at the End of Forbearance” says FHFA’s Calabria FHFA

No Lump Sum Required at the End of Forbearance” says FHFA’s Calabria
To combat ongoing misinformation, the Federal Housing Finance Agency (FHFA) reiterated that borrowers in forbearance with a Fannie Mae or Freddie Mac (the Enterprises)-backed mortgage are not required to repay the missed payments in one lump sum.

04/27/20

Three Card Monty: Why is Pandemic Relief Going to Servicers? Why are they not claiming relief for REMIC Trusts? Will homeowner debts be reduced by Federal payments to “Servicers?” Living Lies

Three Card Monty: Why is Pandemic Relief Going to Servicers? Why are they not claiming relief for REMIC Trusts? Will homeowner debts be reduced by Federal payments to “Servicers?”
By failing to require a credit to homeowners when the Federal government makes payments on claimed obligations, the bailout is simply adding to profit of investment banks, servicers and foreclosure mills. They are eating their cake and having it too. Obligations are paid off but their claim against homeowners remains unchanged.

04/26/20

Mortgage Relief Homeowners Affected Covid-19 NCLC

Mortgage Relief Homeowners Affected Covid-19
The COVID-19 pandemic has made it harder for millions of homeowners to pay their mortgages. To reduce the risk of widespread foreclosures, Congress recently passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

04/25/20

Homeowners: You have options for your mortgage during the pandemic, but you might not get the full story Sun-Sentinel

Homeowners: You have options for your mortgage during the pandemic, but you might not get the full story
Most out-of-work homeowners frightened by the thought of suspending their mortgage payments can rest easy. Regardless of what their mortgage servicer tells them, the 70% of borrowers with federally backed loans won’t be on the hook to repay those missed payments all at once at the end.

04/24/20

Expansive New Massachusetts Law Upends Process for Residential Evictions and Foreclosures in Wake of COVID-19, Effectively Alters Terms of Mortgages JDSupra

Expansive New Massachusetts Law Upends Process for Residential Evictions and Foreclosures in Wake of COVID-19, Effectively Alters Terms of Mortgages
Massachusetts has passed an expansive law aimed at protecting tenants and homeowners during ?the COVID-19 emergency – “An Act Providing For A Moratorium On Evictions And ?Foreclosures During The COVID-19 Emergency” (“Act”). The law will remain in effect for 120 ?days, or 45 days after the Commonwealth’s emergency declaration ends, whichever comes first. ?The Act provides a mechanism to extend the moratorium for an additional 90 days if necessary, ?subject to the caveat appearing at the end of this paper. ?

04/24/20

Mortgage bailout balloons by half a million more loans in one week CNBC

Mortgage bailout balloons by half a million more loans in one week
As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans.

04/24/20

MBS Day Ahead: No Grand Mortgage Market Backstop = No Surprise Mortgage News Daily

MBS Day Ahead: No Grand Mortgage Market Backstop = No Surprise
Given the size and scope of the unemployment/forbearance issue, mortgage investors have been rightfully concerned about the timeliness of payments, and perhaps even the solvency of existing mortgage market backstops

04/24/20

3.4 Million Loans Already in Forbearance - Black Knight Mortgage News Daily

3.4 Million Loans Already in Forbearance - Black Knight
March is typically the strongest month of the year for mortgage performance, probably because, according to Black Knight the receipt of tax refunds allows delinquent borrowers to catch up on their payments. However,

04/24/20

This will probably get me in plenty of hot water with lawyers. Homeowners should be winning foreclosures most of the time. The reason they don’t? — Ineffective Counsel. Living Lies

This will probably get me in plenty of hot water with lawyers. Homeowners should be winning foreclosures most of the time. The reason they don’t? — Ineffective Counsel.
The problem is not the judges. The problem is the lawyers who walk into court believing that the loan is real, claimant is real, the claim is real and that they are only looking for technical ways to get their client out of a valid deal.

04/23/20

How Judges, Attorney, Homeowners and Even Investors Get it Wrong about “RMBS” Living Lies

How Judges, Attorney, Homeowners and Even Investors Get it Wrong about “RMBS”
The main point is that the “MB” in RMBS” is “BS.” The certificates are not mortgage backed — as has been repeatedly determined by competent courts considering the status of holders of those certificates.

04/22/20

The Problem With those Powers of Attorney Living Lies

The Problem With those Powers of Attorney
Powers of Attorney are part of the strategy engineered by investment banks on Wall Street. Here is the problem with the POA or LPOA strategy.

04/22/20

Fannie and Freddie will now buy loans in mortgage bailout program, in a bid to loosen lending CNBC

Fannie and Freddie will now buy loans in mortgage bailout program, in a bid to loosen lending
The Federal Housing Finance Agency, regulator of Fannie Mae and Freddie Mac, announced that the two mortgage giants will now buy home loans that go into the government’s forbearance program just after they close.

04/21/20

Why Homeowners Lose Their Homes to Crooked Banks Living Lies

Why Homeowners Lose Their Homes to Crooked Banks
The first and foremost thing about this is that where any loan is subject to claims of securitization, that claim is false. So no investor ever bought any loan, debt, note or mortgage. Not ever.

04/20/20

Massachusetts Eviction and Foreclosure Moratorium For COVID-19 Emergency Signed Into Law The Massachusetts Real Estate Law Blog

Massachusetts Eviction and Foreclosure Moratorium For COVID-19 Emergency Signed Into Law
Unprecedented, Sweeping Prohibition on Residential and Commercial Evictions Enacted Without Corresponding Mortgage and Tax Relief to Property Owners

04/20/20

Securitization Claims Are a Matter of Facts and Reality, Not Opinion Living Lies

Securitization Claims Are a Matter of Facts and Reality, Not Opinion
I am in constant contact with several very supportive readers who, understanding part of the process of securitization, have then launched their own version of what happened. So this article is intended to give those who are interested a peak at reality and facts

04/20/20

Instead of Draining the Swamp, the Swamp Is Draining the U.S. Treasury via the New York Fed Wall Street On Parade

Instead of Draining the Swamp, the Swamp Is Draining the U.S. Treasury via the New York Fed
The Federal Reserve’s role under the U.S. law that governs it (the Federal Reserve Act) is to function as the nation’s central bank and lender of last resort to deposit-taking commercial banks in a crisis and to set monetary policy to achieve the dual objectives of stable prices (preventing deflation as well as runaway inflation) while maximizing employment.

04/20/20

MERS RULES IN THE FIRST U.S. CIRCUIT COURT OF APPEALS; SCREWS 2 HOMEOWNERS Clouded Titles Blog

MERS RULES IN THE FIRST U.S. CIRCUIT COURT OF APPEALS; SCREWS 2 HOMEOWNERS
Believe it or not, the U.S. Circuit Courts of Appeal are still in operation despite the corona-crisis. Last Friday, the appellate panel screwed two homeowners in REMIC foreclosure cases.

04/20/20

Excluded From Bailouts, Mortgage Servicers Face Cash Crunch NY Times

Excluded From Bailouts, Mortgage Servicers Face Cash Crunch
Lawmakers and lobbyists warn that missed house payments could leave servicers insolvent but federal officials are not sold on the need for a rescue.

04/19/20

Massachusetts lawmakers pass ban on evictions, foreclosures during coronavirus crisis WCVB

Massachusetts lawmakers pass ban on evictions, foreclosures during coronavirus crisis
Massachusetts lawmakers have sent to Republican Gov. Charlie Baker a bill they say would provide a safety net for renters, homeowners, and small businesses grappling with the economic fallout of the coronavirus state or emergency. The legislation approved Friday prohibits all non-essential evictions and foreclosures and provides mortgage borrowers with forbearance options and protects tenants from late fees.

04/18/20

Poll Shows Majority of Americans Support Canceling Rent and Suspending Mortgage Payments During Pandemic Common Dreams

Poll Shows Majority of Americans Support Canceling Rent and Suspending Mortgage Payments During Pandemic
New polling from the think tank Data for Progress shows that a majority of Americans across the political spectrum support canceling rent payments and suspending home mortgage payments during the coronavirus pandemic

04/17/20

There’s a Significant Risk of Cascading Defaults in Form of a “Debtors’ Strike” Wolf Street

There’s a Significant Risk of Cascading Defaults in Form of a “Debtors’ Strike”
The bailouts are better described as organized protection racket run by banks, hedge funds, private equity investors & large corporations.

04/17/20

COVID-19 Update 8: Thoughts on the CARES Act, Planning for life after the pandemic Marc Dann

COVID-19 Update 8: Thoughts on the CARES Act, Planning for life after the pandemic
I was mildly enthusiastic about the CARES Act immediately after it was passed because it appeared to be substantially different from the stimulus plan crafted by the federal government during the Great Recession of 2008.

04/17/20

U.S. Stimulus May Merely Delay Coronavirus Foreclosure Wave Bloomberg Law

U.S. Stimulus May Merely Delay Coronavirus Foreclosure Wave
Mortgage relief included in the federal stimulus package last month may not be enough to save homeowners facing balloon payments when the forbearance period ends.

04/17/20

If it’s not a loan, then what was it? Living Lies

If it’s not a loan, then what was it?
As many homeowners are still finding out, they are confronted by a pallet of entities who are constantly rotating as though the mortgage scene was some giant display. Like their lawyers they are completely confused

04/16/20

COVID-19 Mortgage Forbearance: What To Know Before You Delay Payment Forbes

COVID-19 Mortgage Forbearance: What To Know Before You Delay Payment
Millions of individuals and families across the country are facing financial hardships during the coronavirus crisis. According to the Pew Research Center,

04/16/20

Here Are the Contracts Showing How $4.5 Trillion in Stimulus Was Outsourced to Wall Street Wall Street On Parade

Here Are the Contracts Showing How $4.5 Trillion in Stimulus Was Outsourced to Wall Street
Bloomberg News has an article up today with the headline: “The Fed Loves Main Street as much as Wall Street This Time.” The article is accompanied

04/16/20

A COVID-19 crisis looms in the mortgage industry, experts warn Phys.org

A COVID-19 crisis looms in the mortgage industry, experts warn
Berkeley Haas Professors Nancy Wallace and Richard Stanton were some of the few voices to forewarn of the massive risk posed by shoddy practices in the mortgage industry prior to the 2008 financial crisis.

04/16/20

Watch out for foreclosure relief scams: If they promise a result or ask for money up front or ask for your deed run like hell Living Lies

Watch out for foreclosure relief scams: If they promise a result or ask for money up front or ask for your deed run like hell
Use your head. If anyone promises you a result or guarantees a result they are lying. If the solution being pitched to you is “just do this,” forget it. If it is too good to be true then it isn’t true. If the scheme was that good, the banks would have already lost everything.

04/15/20

Magic Bullet? Maybe this: the foreclosure “team” are all witnesses, not claimants Living Lies

Magic Bullet? Maybe this: the foreclosure “team” are all witnesses, not claimants
The fact that the foreclosure players know — or even witnessed — the fact that you refused to make any further payments makes them a witness, not a claimant.

04/14/20

You got the loan didn’t you? Maybe not. Living Lies

You got the loan didn’t you? Maybe not.
STOP ADMITTING THINGS YOU KNOW NOTHING ABOUT. STOP USING WORDS YOU KNOW NOTHING ABOUT. OK so let’s address that.

04/14/20

Allow Consumers to Enforce Their Rights in the Fallout from Any Wrongdoing or Crisis NACA

Allow Consumers to Enforce Their Rights in the Fallout from Any Wrongdoing or Crisis
Protecting consumers from scams, fraud, and deceptive conduct is essential in a time of crisis. In fact,

04/14/20

Submit Comments to CFPB on Securitization Scam. Here are mine: Living Lies

Submit Comments to CFPB on Securitization Scam. Here are mine:
GO to this link and submit your comment. Feel free to cut and paste mine.

04/14/20

Opinion: Missing so far from the prescription for a coronavirus economic recovery: public banks Market Watch

Opinion: Missing so far from the prescription for a coronavirus economic recovery: public banks
Just as FDR had his Reconstruction Finance Corp., we need a network of national, state and local public banks as we forge a 21st-century New Deal that creates a post-pandemic economy that works for all of us

04/13/20

American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout Wall Street On Parade

American Workers Get a 4-Month Safety Net; Wall Street Gets a 4 to 5-Year Bailout
The stimulus bill passed by Congress and signed into law by President Trump in March, (the CARES Act), increases the miserly amount most states provide in unemployment

04/13/20

“Moratoriums” Are really PR Cover for Banks to Continue with Illegal Foreclosures Living Lies

“Moratoriums” Are really PR Cover for Banks to Continue with Illegal Foreclosures
Ron DeSantis, governor of Florida has issued a moratorium on foreclosures. He was acting on behalf of the investment banks that funded his campaign. If they re-start foreclosures on their own they come under attack.

04/11/20

Gov. Baker wants a bill banning evictions and foreclosures by next week Taunton Gazette

Gov. Baker wants a bill banning evictions and foreclosures by next week
BOSTON —Gov. Charlie Baker hopes lawmakers can resolve differences and send him a viable bill pausing all eviction and foreclosure proceedings statewide by next week, he said Saturday while touting aid that will flow to undocumented immigrants who are ineligible for unemployment benefits.

04/11/20

Are you a homeowner seeking forbearance on your mortgage? Watch out for these red flags Market Watch

Are you a homeowner seeking forbearance on your mortgage? Watch out for these red flags
Homeowners are asking for breaks on their mortgage payments in droves, as millions of Americans face the prospect of unemployment or reduced income because of the coronanvirus pandemic. But requesting forbearance on your mortgage isn’t foolproof.

04/10/20

Why is the Address of the Trustee and Trust the Same as Ocwen? Living Lies

Why is the Address of the Trustee and Trust the Same as Ocwen?
The first notice is the hook to your self-destruction. The simple answer is that the trust exists nowhere except as a fiction created by word salad in the name of the claimant. I thought that this was self evident, But based upon some recent questions people are still confused about this.

04/09/20

The CARES Act, Consumer Bankruptcy, and Mortgage Servicing: What to Know and Potential Pitfalls National Law Review

The CARES Act, Consumer Bankruptcy, and Mortgage Servicing: What to Know and Potential Pitfalls
Enacted March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) places short-term obligations and restrictions on lenders and servicers of federally backed loans.

04/09/20

12 Banks Agree To Defer Mortgage Payments For Homeowners In Boston WBUR

12 Banks Agree To Defer Mortgage Payments For Homeowners In Boston
Boston Mayor Marty Walsh said the city has secured agreements with a dozen banks to allow homeowners to defer mortgage payments for at least the next three months.

04/09/20

Coronavirus Emergency: Mortgage Relief for Consumers - How States Can Help NCLC

Coronavirus Emergency: Mortgage Relief for Consumers - How States Can Help
As the coronavirus emergency causes the shutdown of cities and towns and forces businesses to close, millions of consumers are facing a sharp decrease or loss of their income for the foreseeable future.

04/09/20

The New York Fed, Owned by Multinational Banks, Is Nationalizing Capital Markets Wall Street On Parade

The New York Fed, Owned by Multinational Banks, Is Nationalizing Capital Markets
For the first time in the history of the Federal Reserve, it has signed on to a plan with Congress to nationalize the unmanageable debts of global banks and other multinational corporations and put the U.S. taxpayer on the hook for the losses.

04/09/20

How the Coronavirus Crisis Could Create a Historic Mortgage Meltdown Nationalinterest.org

How the Coronavirus Crisis Could Create a Historic Mortgage Meltdown
17 million people out of work mean millions can't pay their mortgage. Sadly, the aid that is out there could spawn a foreclosure crisis of historic proportions.

04/09/20

COVID19 Recession Will Be Bonanza for Wall Street Banks, Servicers Living Lies

COVID19 Recession Will Be Bonanza for Wall Street Banks, Servicers
stop thinking you are getting away with something if you win in foreclosure. When you win you’re only getting part of what would be due to you in a fair open market full disclosure trading environment. Release from the debt, note and mortgage is only partial payment of what is owed to you — not the other way around.

04/08/20

Brilliant Analysis of Securitization Sleight of Hand Living Lies

Brilliant Analysis of Securitization Sleight of Hand
Thanks to the Virus, I had some free time to catch-up on Neil’s blogs and radio shows; as such, I just listened to your piece with Charles on the Christiana Trust counter-suit. One thing that took me by surprise is that Rushmore is seemingly linked to that trust (or phantom trust).

04/07/20

How the Coronavirus Bailout Repeats 2008’s Mistakes: Huge Corporate Payoffs With Little Accountability Propublica

How the Coronavirus Bailout Repeats 2008’s Mistakes: Huge Corporate Payoffs With Little Accountability
As the government rushes to aid the economy, how that’s done, who benefits and who is left behind matter. So far, the signs are ominous.

04/07/20

Many Struggling Homeowners Not Getting The Mortgage Relief U.S. Promised NPR

Many Struggling Homeowners Not Getting The Mortgage Relief U.S. Promised
Homeowners who've lost their jobs or income say their lenders are demanding punishing terms if they take part in what's supposed to be a government effort to help them.

04/07/20

DannLaw Covid-19 Update 7 Dann Law

DannLaw Covid-19 Update 7
Many of our clients are still sorting through the various types of assistance offered via the CARES Act and the various executive orders signed by the President and the governor of the state in which they live. But learning about the programs and benefits that are now available is only half the equation. The other: deciding whether it’s in your best interest to take advantage of them.

04/07/20

No Martha this is an opportunity — not a tragedy — for the public to deal with mortgage “servicers” Living Lies

No Martha this is an opportunity — not a tragedy — for the public to deal with mortgage “servicers”
Wall Street sees this as another opportunity to bag a bailout. Don’t let them. The alarm bells are going off. Giving relief to homeowners is going to collapse the entire financial system! The sky is falling!

04/07/20

How to Challenge The Credibility of Documents Offered to Support Foreclosure Living Lies

How to Challenge The Credibility of Documents Offered to Support Foreclosure
Legal presumptions are not meant to be used as a means for achieving an illegal or unjust result. But they do exactly that when apparently facially valid documents are left unchallenged.

04/06/20

The Fed Apparently Thinks It’s Going to Lose $454 Billion on Its Wall Street Bailout Wall Street On Parade

The Fed Apparently Thinks It’s Going to Lose $454 Billion on Its Wall Street Bailout
On Thursday, March 26, in the midst of a growing panic on Wall Street over a lack of liquidity for toxic debt, the Federal Reserve Chairman Jerome Powell did something unprecedented. He appeared live on the Today show.

04/06/20

Pandemics, Property Transfer Breakdowns… The Digital Real Estate Industry Is Coming Deeds.com

Pandemics, Property Transfer Breakdowns… The Digital Real Estate Industry Is Coming
The latest impetus to digitalize real estate might just turn out to be the tipping point. Practically overnight, COVID-19 is a defining element of our time.

04/06/20

Resetting the Bomb Matt Taibi

Resetting the Bomb
Another era of debt-fueled profiteering is ending with a bailout. How we’re institutionalizing the unfairness economy

04/06/20

Coronavirus mortgage bailout: ‘There is going to be complete chaos,’ says industry CEO CNBC

Coronavirus mortgage bailout: ‘There is going to be complete chaos,’ says industry CEO
A broad coalition of mortgage and finance industry leaders on Saturday sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage system running during the coronavirus pandemic, as requests from borrowers for the federal mortgage forbearance program are pouring in at an alarming rate.

04/06/20

New CFPB Mortgage Guidance Does More for Servicers than Consumers NCLC

New CFPB Mortgage Guidance Does More for Servicers than Consumers
Washington, D.C. – Late last Friday, the Consumer Financial Protection Bureau (CFPB) issued a one-sided policy guidance providing enormous flexibility to mortgage servicers while failing to ensure that distressed consumers can get access to crucial information and foreclosure-avoidance procedures.

04/06/20

White Paper: Immediate Actions For CFPB To Address COVID-19 Crisis Medium.com

White Paper: Immediate Actions For CFPB To Address COVID-19 Crisis
The coronavirus pandemic is creating overwhelming needs. First, above all else, are the dire health problems threatening the lives of so many Americans. Second is dealing with the fallout to the economy from the abrupt halt to much business activity throughout the country.

04/06/20

How to Make Your Point That Borrowers Only Owe Money to Parties That Actually Own the Debt Living Lies

How to Make Your Point That Borrowers Only Owe Money to Parties That Actually Own the Debt
“First, as explained by the court in Bank of Miami Beach v. Fidelity Casualty Co. of New York (Fla. 1970) 239 So.2d 97, 99: “[A] mortgage lien and a mortgage debt are two entirely different legal concepts or `species.’ ” First Amer. Title Ins. v. Xwarehouse Lending, 177 Cal.App.4th 106, 118 (Cal. Ct. App. 2009)

04/06/20

Consumers were slammed in the Great Recession. The CFPB’s former director warns worse could be on the way Vox

Consumers were slammed in the Great Recession. The CFPB’s former director warns worse could be on the way
Richard Cordray is worried about Americans losing their homes and falling victim to loan sharks and scams amid the coronavirus crisis.

04/05/20

Nims v. Bank of New York Mellon Appeals Court Ruling Glenn Russell

Nims v. Bank of New York Mellon Appeals Court Ruling
On March 03, 2020, the Massachusetts Appeals Court issued their Opinion in Nims v. Bank of New York Mellon, Ca. No. 2019-P-0179. see Our previous blog entry on this case here The Panel ruled against our argument, while at the same time acknowledging

04/04/20

Unsanitized: How People Seeking Bankruptcy Will Suffer in the Pandemic The American Prospect

Unsanitized: How People Seeking Bankruptcy Will Suffer in the Pandemic
Max Gardner is one of America’s great bankruptcy attorneys. For years, he’s been running a “bankruptcy boot camp” for his fellow attorneys, in his wooded redoubt in the hills of North Carolina. Normally the event has a few dozen lawyers. He did his first webinar boot camp about a week ago: 776 attorneys signed up. “I really fear something worse than the Great Depression,” Gardner told me. “Every system is going to be overwhelmed.”

04/04/20

WILL THERE BE AN UPTICK IN FORECLOSURES ONCE THE CORONA-CRISIS IS OVER? Clouded Titles

WILL THERE BE AN UPTICK IN FORECLOSURES ONCE THE CORONA-CRISIS IS OVER?
This post is not for the faint of heart nor is it designed to make you more paranoid than most of you probably already are. It is designed to impart some common sense rationality into dealing with the post-traumatic issues of what we collectively are all perceiving as a “crisis”.

04/04/20

Do You Know Who Owns Your Mortgage? It's Important if You are Planning to Defer Payments The Motley Fool

Do You Know Who Owns Your Mortgage? It's Important if You are Planning to Defer Payments
If a lender is holding your mortgage, deferment options will be a lot more flexible. But if your mortgage has been sold on the secondary market, it's much more complicated.

04/04/20

Opinion: This hard truth about the mortgage markets isn’t being told Market Watch

Opinion: This hard truth about the mortgage markets isn’t being told
Real estate industry sees no problem, hears no problem, speaks no problem Everyone wants to know what impact the coronavirus and the government response to it will have on housing markets. While it is too early to hazard a guess, some things are becoming increasingly clear.

04/03/20

How Homeowners Can Weaponize Mediation Process Living Lies

How Homeowners Can Weaponize Mediation Process
STANDING: If you don’t raise the issue and present it logically and credibly the issue vanishes because the judge is not going to do the work for you. That is not part of a judge’s job description.

04/03/20

Will the Coronavirus Crisis Become a Foreclosure Crisis? One New Measure Might Help. National Interest

Will the Coronavirus Crisis Become a Foreclosure Crisis? One New Measure Might Help.
Yesterday, the federal government took another step to assist beleaguered homeowners and mortgage holders affected by the coronavirus pandemic and subsequent economic crash.

04/03/20

MERS CLASS ACTION COMPLAINT FOR FRAUD FOR THE COUNTY RECORDERS AJX

MERS CLASS ACTION COMPLAINT FOR FRAUD FOR THE COUNTY RECORDERS
MERS CLASS ACTION COMPLAINT FOR FRAUD FOR THE COUNTY RECORDERS, 2020

04/03/20

Mortgage Firms Teeter Near Crisis That Regulators Saw Coming Bloomberg

Mortgage Firms Teeter Near Crisis That Regulators Saw Coming
Nonbank financial firms spent years lobbying against tougher regulation and stricter capital requirements, arguing that their emerging dominance in mortgage lending didn’t pose a risk to the financial system.

04/03/20

Default Mortgage Servicing in the Face of the Coronavirus MBA

Default Mortgage Servicing in the Face of the Coronavirus
Summary: During the years from 2008 to 2018, the mortgage servicing industry learned so much about what causes default and employed a wide variety of loss mitigation programs specific to the type of loan, the Investor and the reason for default.

04/02/20

Mortgage Foreclosure Moratorium – Potential Pitfalls and Mitigating Litigation Risks National Law Review

Mortgage Foreclosure Moratorium – Potential Pitfalls and Mitigating Litigation Risks
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) became law. In addition to providing relief to various industries and businesses,

04/02/20

LESSONS LEARNED … INTER ALIA Clouded Titles

LESSONS LEARNED … INTER ALIA
The month of March certainly roared in like a lion when it comes to court cases. There are 3 of them which are integral to learning about foreclosure defense as to the “what to do” and “what not to do”, or in the alternative, what to “take away” from the herein discussed cases versus “what is irrelevant” and unimportant in them.

04/02/20

Fed’s Balance Sheet Blasts to $5.8 Trillion; Suggests Fed Is Back to Bailing Out Foreign Banks along with Wall Street Wall Street On Parade

Fed’s Balance Sheet Blasts to $5.8 Trillion; Suggests Fed Is Back to Bailing Out Foreign Banks along with Wall Street
At 4:30 p.m. today, the Federal Reserve released the shocking details of what it has been up to in the past week. Its balance sheet has skyrocketed from $5.3 trillion as of March 25 to $5.85 trillion yesterday, a growth of $557 billion in one week’s time.

04/02/20

Motions for Recusal: Don’t Poke the Bear Unless You Know You Can Kill It Living Lies

Motions for Recusal: Don’t Poke the Bear Unless You Know You Can Kill It
It simply isn’t enough to say that there might be a conflict or bias. You need hard evidence that the bias or conflict exists. In this case if persuasion is involved you probably have insufficient grounds for asking for recusal and you will probably end up with a judge who sees your efforts as desperate, lacking in substance.

04/01/20

Opinion Financial tsunami threatens housing sector Natonal Mortgage News

Opinion Financial tsunami threatens housing sector
The housing sector was barely mentioned in the CARES Act, but the impact of the rescue effort for consumers and business is bearing down on the industry like a giant wave.

04/01/20

It’s Not Difficult: Parties Who Pursue Foreclosure Must Be the Same Party Who Has A Stake in the Outcome Living Lies

It’s Not Difficult: Parties Who Pursue Foreclosure Must Be the Same Party Who Has A Stake in the Outcome
Foreclosure litigation is actually quite simple. But lawyers from foreclosure mills are attempting to make it complex. If you let them you will lose. If you confront them it is likely you will win.

04/01/20

Another financial crisis is brewing in the mortgage market Curbed

Another financial crisis is brewing in the mortgage market
Mortgage payments are on pause because of coronavirus, but the resulting domino effect of that could be disastrous

04/01/20

Readout of Call of the Task Force on Nonbank Mortgage Liquidity U.S. Treasury

Readout of Call of the Task Force on Nonbank Mortgage Liquidity
WASHINGTON – On March 30, U.S. Treasury Secretary Steven T. Mnuchin convened a call of the Task Force on Nonbank Mortgage Liquidity to discuss conditions and activities in the mortgage servicing markets.

04/01/20

Wall Street Had Cut 68,000 Jobs and Received Trillions in Emergency Loans Prior to COVID-19 Anywhere in the World Wall Street On Parade

Wall Street Had Cut 68,000 Jobs and Received Trillions in Emergency Loans Prior to COVID-19 Anywhere in the World
On March 26 Federal Reserve Chairman Jerome Powell went on the Today show to deliver one message: “There is nothing fundamentally wrong with our economy.”

04/01/20

Citigroup, an Admitted Felon with a History of Abusing Customers, Is Handling Billions from the Stimulus Bill Wall Street On Parade

Citigroup, an Admitted Felon with a History of Abusing Customers, Is Handling Billions from the Stimulus Bill
Yesterday CNBC reported that Citigroup is one of the banks selected by the Small Business Administration to handle billions of dollars earmarked in last week’s stimulus bill to help small businesses get back on their feet and keep their employees paid during the coronavirus crisis.

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