Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
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

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