Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
02/28/20	The Corporate Veils of Deutsche	Living Lies	The Corporate Veils of Deutsche Deutsche Bank National Trust Company is a sham conduit earning other Deutsche entities (real ones) $ millions in fees paid for the mere use of its name. Contrary to the definition of
02/28/20	Don’t Go Down the Rabbit Hole!!!	Living Lies	Don’t Go Down the Rabbit Hole!!! If you take anything that the said by the foreclosure mill seriously or even the named trustee of a supposedly REMIC trust, you are going down a rabbit hole.
02/28/20	Stock Market and Bond Market: It’s the Bond Market That tells the Truth	Living Lies	Stock Market and Bond Market: It’s the Bond Market That tells the Truth As a lonely voice in the wind I have been saying with only a few other analysts, that we never recovered from the 2008 recession and that the stock market indexes have been used to hide that fact.
02/27/20	What Questions Should I Be Asking?	Living Lies	What Questions Should I Be Asking? Why is everyone using your name in foreclosures? A client who is pursuing an action against Bank of New York Mellon is properly refusing to admit or acknowledge that a trust exists and even if it does whether the trust has ever owned the debt — because without the debt a conveyance of an interest in the mortgage or deed of trust is void ab initio.
02/26/20	Attack the presumption or rebut it. That is your choice.	Living Lies	Attack the presumption or rebut it. That is your choice. This is how you determine if anyone owns loans:
02/25/20	Foreclosures to Increase Despite no Recession	Think Realty	Foreclosures to Increase Despite no Recession Most default servicers expect foreclosures to increase in 2020 despite no economic recession, according to a recent Auction.com survey.
02/25/20	Mortgage Cancellation Secrets Reveals How To Stop A New York Foreclosure Sale Date	Menafn	Mortgage Cancellation Secrets Reveals How To Stop A New York Foreclosure Sale Date (MENAFN - Uply Media Inc ) (Brooklyn, NY) - What could you do to stop a foreclosure auction sale date in NYC? Mortgage Cancellation Secrets discusses tips to stop a New York foreclosure sale date,
02/25/20	CFPB Issues Winter 2020 Supervisory Highlights	JD Supra	CFPB Issues Winter 2020 Supervisory Highlights Mortgage Servicing and Loss Mitigation With a focus on compliance with the loss mitigation provisions of Regulation X, the CFPB’s first finding was that servicers failed to notify borrowers in writing of the servicer’s
02/25/20	The Massachusetts Supreme Judicial Court Considers the Effect of a State-Mandated Default Notice on the Validity of Non-Judicial Foreclosures	JD Supra	The Massachusetts Supreme Judicial Court Considers the Effect of a State-Mandated Default Notice on the Validity of Non-Judicial Foreclosures The Massachusetts Supreme Judicial Court (“SJC”) heard argument on February 13, 2020, on whether compliance with a state-mandated default notice could, nevertheless, void foreclosure sales in Massachusetts. Specifically, the SJC examined whether the provision of the state-mandated notice has the potential to deceive a borrower where it describes a period for reinstating a loan that varies (to the benefit of the borrower) from the period contained in the mortgage.
02/25/20	FHA seeks fast action on foreclosure-sale proposal	National Mortgage News	FHA seeks fast action on foreclosure-sale proposal The Department of Housing and Urban Development asked mortgage servicers and other stakeholders to respond quickly to a proposed set of foreclosure-sale policy improvements so it can finalize them soon.
02/25/20	Wall Street Banks, Insurers Sell Off — Dangerously Linked by Derivative Trades	Wall Street On Parade	Paul Krugman Returns to Perpetuating the Big Lie for Wall Street If the federal government wants to quarantine the most dangerous threat to the financial health of the United States, it will impose a lockdown and decontamination of the federally-insured banks that are holding tens of trillions of dollars in derivative trades. Yesterday, the stock market rout outed the worst of these actors.
02/25/20	Appeal Ruling On Motion to Lift BKR Stay Within 14 days	Living Lies	Appeal Ruling On Motion to Lift BKR Stay Within 14 days See U.S. Supreme Court ruling in Ritzen Group, Inc. v. Jackson Masonry, L.L.C., 2020 WL 201023 (U.S. Jan. 14, 2020) I think this latest ruling means that for homeowners who win that motion the foreclosure mill is stuck unless they successfully appeal within 14 days.
02/24/20	Court Reverses Foreclosure Case Dismissal on Note Enforcement	DS News	Court Reverses Foreclosure Case Dismissal on Note Enforcement Last month the Third DCA reversed the lower court’s dismissal of a foreclosure action filed by HSBC Bank USA, National Association (“HSBC” or “the Bank”) against the borrowers and a subsequent title holder, Florida Kalanit 770 LLC (“Florida Kalanit”). HSBC Bank v. HSBC Bank USA, Nat’l Ass’n v. Florida Kalanit.
02/24/20	Deutsche Memos Tell the Story	Living Lies	Deutsche Memos Tell the Story The obvious import of these memos is that Deutsche wants to be able to claim plausible deniability. But secondarily it places responsibility on servicers to have knowledge that
02/21/20	US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal	CNN	US government fines Wells Fargo $3 billion for its 'staggering' fake-accounts scandal Wells Fargo was hit with a $3 billion fine Friday by federal authorities outraged by the millions of fake accounts created at the troubled bank over many years.
02/21/20	How to Use Expert Witness Testimony in Foreclosure Defense	Living Lies	How to Use Expert Witness Testimony in Foreclosure Defense While exclusion of expert witness testimony is expressly considered a drastic step, the court is under virtually no constraints as to the weight it gives to such testimony.
02/20/20	Nonprofit Alliance of Consumer Advocates Helps Another Foreclosed Distraught Homeowner Get Their Home Back Thru a Trustee Sale Reversal From 3rd Party Highest Bidder	Benzinga	Nonprofit Alliance of Consumer Advocates Helps Another Foreclosed Distraught Homeowner Get Their Home Back Thru a Trustee Sale Reversal From 3rd Party Highest Bidder Mr Geoffrey & Kathleen Scheuerman of San Diego California were devastated when they learned their lender since 2006, foreclosed on them on 10/28/2019 at 10:30 a.m. on a loan that they only owed $466,065.00 on. Their home was valued at close to $800,000.00 but it was more than just the dollars and cents, it was their home of over 14 years.
02/20/20	The Myth About How Greedy Borrowers Caused the Financial Crisis and Should Pay By Losing Their Homes	Living Lies	The Myth About How Greedy Borrowers Caused the Financial Crisis and Should Pay By Losing Their Homes The law needs to be changed to permit securitization schemes to designate a specific receiver or player to act as the real party in interest — or
02/19/20	CFPB Identifies Mortgage Servicing Violations	DS News	CFPB Identifies Mortgage Servicing Violations The Consumer Financial Protection Bureau (CFPB) has released its Winter 2020 edition of its Supervisory Highlights. discussing the Bureau’s examinations findings in the areas of debt collection, mortgage servicing, payday lending, and student loan servicing that were completed between April 2019 and August 2019.
02/19/20	Paul Krugman Returns to Perpetuating the Big Lie for Wall Street	Wall Street On Parade	Paul Krugman Returns to Perpetuating the Big Lie for Wall Street Paul Krugman, the New York Times columnist who won the 2008 Nobel Memorial Prize in Economic Sciences, is back to pedaling his Big Lie that Wall Street banks were not responsible for the financial crash of 2008 or the ensuing housing crash.
02/18/20	Homeowners Join Class Action Lawsuit Against Roxbury Based BlueHub Capital Alleging Predatory Lending Practices	WGBH	Homeowners Join Class Action Lawsuit Against Roxbury Based BlueHub Capital Alleging Predatory Lending Practices A group of 14 homeowners filed a class-action suit in Massachusetts Superior Court Friday against a Roxbury based non-profit, alleging that they are the victims of predatory lending practices while facing foreclosure or financial hardship. The lawsuit, financed by the Neighborhood Assistance Corporation of America (NACA) was hand delivered to the offices of BlueHub Capital — formerly Boston Community Capital — and several of the homeowners allegedly victimized by its practices. Bruce Marks, NACA's founder and CEO, represents the homeowners who joined the lawsuit, and turned to BlueHub Capitol for assistance.
02/18/20	Fed Slashes 14-Day Repo Loans to $25 Billion; Will Cut Further in March	Wall Street On Parade	Fed Slashes 14-Day Repo Loans to $25 Billion; Will Cut Further in March Federal Reserve Chairman Jerome Powell sat through two days of grueling hearings before the House Financial Services Committee and Senate Banking Committee last week. At numerous times, the Fed and Powell were portrayed by Congressional members as sugar daddies for Wall Street while aloof to the financial suffering of the average American.
02/18/20	Strange Stuff on Wall Street: Big Job Cuts, Fed Bailout, Record Markets	Wall Street On Parade	Strange Stuff on Wall Street: Big Job Cuts, Fed Bailout, Record Markets HSBC has become the latest bank with a big Wall Street footprint to announce job cuts. After announcing that its 2019 profits fell by about a third, it said it would cut 35,000 jobs over the next three years.
02/18/20	Quiet Title — Not as Easy as It Sounds But It Could Lead to Successful Strategies and Tactics	Living Lies	Quiet Title — Not as Easy as It Sounds But It Could Lead to Successful Strategies and Tactics The failures to disclose material facts providing the real context of the “loans” deprived borrowers of choice between lenders and deprived them of the opportunity of bargaining for terms that were based upon the economic reality — that the main point of the loan origination was not the loan but rather the sale of unregistered securities.
02/17/20	Paatalo Scores Again: Where do those payments go?	Living Lies	Paatalo Scores Again: Where do those payments go? As I have repeatedly stated on these pages, commingling funds from investors with (a) other investors and (b) third parties is the root of the securitization scheme and the basis upon which the brokerage houses (investment banks) are able to convert your money to their money.
02/17/20	Will the Bubble Burst?	Living Lies	Will the Bubble Burst? We are now on the longest stock bubble in history – stocks are up way above the tech boom. GDP was 4% then and 2% now. The difference? The government is STILL printing money and dumping it on the financial institutions in the form of overnight repo lending money – almost all of which is going right back into the stock market thus extending this bubble artificially.
02/13/20	Bankruptcy courts punished Synergy Law again and again. Its customers kept losing their homes anyway.	San Antonio Express-News	Bankruptcy courts punished Synergy Law again and again. Its customers kept losing their homes anyway. Ron and Ann Jones were watching Fox News one night in early 2018 when they saw a commercial that made them sit up. A company called Synergy Law said it could help people modify their home loans.
02/13/20	Another Person Dies Fighting Fake Foreclosure by Wells Fargo	Living Lies	Another Person Dies Fighting Fake Foreclosure by Wells Fargo Larry Delassus, of Hermosa Beach, California, lost his house two years ago after the bank thought he was behind on his property taxes but it was actually his neighbor
02/13/20	Fed Chair Tells Congress There Is a 10-Year “Game Plan” to Deal with Financial Crisis But No Plan to Deal with Americans Left Devastated By It	Wall Street On Parade	Fed Chair Tells Congress There Is a 10-Year “Game Plan” to Deal with Financial Crisis But No Plan to Deal with Americans Left Devastated By It During his testimony to the Senate Banking Committee yesterday, Federal Reserve Chairman Jerome Powell let it slip out, for the first time, that the Federal Reserve has had a 10-year game plan to deal with the financial crisis.
02/12/20	First Steven Mnuchin came for your homes…	Medium.com	First Steven Mnuchin came for your homes… Now, as Secretary of the Treasury, he’s going after more: your social safety net; read, Medicaid/Medicare, the Children’s Health Insurance Program, food stamps, student debt-forgiveness and if you believe that Social Security is safe, well… I’ve got a deal on a bridge you just can’t pass by.
02/12/20	A Proactive Approach to Loss Mitigation	DS News	A Proactive Approach to Loss Mitigation During the 2010s, our industry saw foreclosures fall to record lows as the economy experienced a full decade without a recession. At the same time, however, residential properties were negatively impacted by a host of natural disasters with a scope and frequency not seen before. As we now transition
02/11/20	Former Chase Home Lending CEO Mike Weinbach moving to Wells Fargo	Housing Wire	Former Chase Home Lending CEO Mike Weinbach moving to Wells Fargo Weinbach will lead consumer lending, which includes mortgages
02/11/20	New Rules Making Life Easier for Banks	Living Lies	New Rules Making Life Easier for Banks The most basic problem is still not addressed. The Volcker rule attempted to make banks play by rules of common sense, to which the banks rely that life is more complicated than that.
02/11/20	Foreclosures in Boston down 60 percent, hit 17-year low, mayor says	WCVB	Foreclosures in Boston down 60 percent, hit 17-year low, mayor says BOSTON — Foreclosures in Boston have dropped 61 percent since 2018, reaching a 17-year low, Mayor Marty Walsh announced Tuesday. Citywide, foreclosure executions were reduced from
02/11/20	The Government Takes a Step Toward Releasing Fannie Mae and Freddie Mac	The Motley Fool	The Government Takes a Step Toward Releasing Fannie Mae and Freddie Mac If privatization happens, the stock sale for these government-owned entities could be four times the largest IPO ever.
02/10/20	The Golden Age Of White Collar Crime	Huffpost	The Golden Age Of White Collar Crime A Slow-Motion Looting OVER THE LAST TWO YEARS, nearly every institution of American life has taken on the unmistakable stench of moral rot. Corporate behemoths like Boeing and Wells Fargo have traded blue-chip credibility for white-collar callousness.
02/10/20	Fox in the Henhouse: Koch-Backed Opponent of Consumer Financial Protection Bureau Chairs Taskforce to Evaluate Its Regulations	Exposed By CMD	Fox in the Henhouse: Koch-Backed Opponent of Consumer Financial Protection Bureau Chairs Taskforce to Evaluate Its Regulations When the the Consumer Financial Protection Bureau (CFPB) announced on the membership of its “Taskforce on Federal Consumer Financial Law,” on January 9, critics called foul and charged the group with a pro-industry, anti-consumer bias.
02/10/20	Front-loading is the next big step for digital mortgages	Housing Wire	Front-loading is the next big step for digital mortgages The digital mortgage has come a long way over the past few years, but one expert says the next big step will be front-loading the origination and funding processes using predictive algorithms.
02/08/20	Law Review: No foreclosure while reviewing loan modification application	Sierra Sun	Law Review: No foreclosure while reviewing loan modification application As you may recall, after the 2008 market crash and recession I wrote a handful of Law Review columns strongly criticizing institutional lenders for dealing unfairly with their borrowers. I met with innocent homeowners, many who were talked into filing applications for loan modifications, only afterwards to be foreclosed on by the lender. Most lost their homes. The foreclosing lenders did just fine.

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