Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
03/31/20	Stop Blaming the Judge	Living Lies	Stop Blaming the Judge The more you blame the judges, the further you get from the goal. Judges are like umpires in a baseball game. If you don’t throw the ball there is no need to call a ball or a strike or foul. Blaming judges for not throwing the ball, catching it, and calling whether it is right or wrong disempowers the homeowner. The Judge is not there to throw, catch or hit balls.
03/31/20	Elizabeth Warren and Others Warn That Pandemic is Exposing Underbelly of Corrupt Financial System	Living Lies	Elizabeth Warren and Others Warn That Pandemic is Exposing Underbelly of Corrupt Financial System Only people who have studied securitization understand the fact that securitization as practiced creates an existential threat to our society, our laws and the individual hopes and dreams of anyone who is not in on the game.
03/30/20	Fannie and Freddie Farce: How the Securities Brokerage Firms Are Using the Names of the GSE’s as Cover for False Claims	Living Lies	Fannie and Freddie Farce: How the Securities Brokerage Firms Are Using the Names of the GSE’s as Cover for False Claims There are lots of false assumptions about The Government Sponsored Entities. First, just because they are called “Government sponsored” doesn’t mean that the Federal Government is actually backing all of their activities.
03/30/20	BEFORE WE START GIVING BAILOUT MONEY TO THE BANKS AGAIN, HOW ABOUT WE TAKE THIS AS OUR SECOND CHANCE TO SET THINGS RIGHT?	Living Lies	BEFORE WE START GIVING BAILOUT MONEY TO THE BANKS AGAIN, HOW ABOUT WE TAKE THIS AS OUR SECOND CHANCE TO SET THINGS RIGHT? Look up anything I am saying here. There is universal agreement that we got the “bailout” wrong in 2008, at least in part. It ended up rewarding the securities brokerage companies for bad behavior with money and prestige because we allowed them to “convert” (like religion) to commercial banks.
03/30/20	NY’s 90-day Mortgage Waiver Has Big Limitations	City Limits	NY’s 90-day Mortgage Waiver Has Big Limitations Amid the coronavirus crisis, Governor Andrew Cuomo signed an executive order to compel state-regulated financial institutions to waive mortgage payments for 90 days but the executive order does not apply to all mortgage loans.
03/30/20	DannLaw Update Number 6 on Corona Virus: Observations and Clarifications re the CARES Act	Dann Law	DannLaw Update Number 6 on Corona Virus: Observations and Clarifications re the CARES Act Now that we’ve had additional time to review the CARES Act, we would like to share some clarifications and observations along with advice about how to deal with bills and other financial obligations that may be coming due on April 1.
03/29/20	DannLaw Update on Covid-19 CARES Act passed by Congress and signed by the President	Dann Law	DannLaw Update on Covid-19 CARES Act passed by Congress and signed by the President I’ve been involved in politics and government for over 40 years and I can say definitively that I have not seen legislation that offers as much direct and immediate relief to distressed consumers, borrowers, small business owners and tenants as the Covid-19 stimulus package, known as the CARES Act that Congress passed on Friday, March 27. You can read an analysis of the bill here. You can read the legislation in its entirety here. While I’m generally pleased with the CARES Act, I do have two concerns:
03/28/20	The Federal Reserve Now Owns 15 Percent of the U.S. Treasury Market; At Its Current Rate, It Could Own the Whole Market in Less than Two Years	Wall Street On Parade	The Federal Reserve Now Owns 15 Percent of the U.S. Treasury Market; At Its Current Rate, It Could Own the Whole Market in Less than Two Years According to the U.S. Treasury, as of February 29, 2020, there was $16.9 trillion in marketable U.S. Treasury securities outstanding. Of that amount, at the end of February, the Federal Reserve held $2.47 trillion or 14.6 percent – making it, by far, the largest single holder of U.S. Treasuries anywhere in the world.
03/27/20	The next financial crisis: A collapse of the mortgage system	Politico	The next financial crisis: A collapse of the mortgage system The mortgage finance system could collapse if the Fed doesn’t step in with emergency loans to offset a coming wave of missed payments from borrowers crippled by the coronavirus pandemic.
03/27/20	RULES OF COURT: Judges Are Not Overlooking Anything	Living Lies	RULES OF COURT: Judges Are Not Overlooking Anything Sure there are some judges that don’t care what evidence is before them and make decisions based upon their own political bias. But nearly all judges are NOT doing that when it relates to foreclosure. They are just following the rules.
03/26/20	What is Financial Injury or Economic Damage?	Living Lies	What is Financial Injury or Economic Damage? homeowners who win foreclosures are not getting a free house. they are settling for less than the amount due to them.
03/26/20	CFPB Provides Flexibility During COVID-19 Pandemic	CFPB	CFPB Provides Flexibility During COVID-19 Pandemic The Consumer Financial Protection Bureau (Bureau) today announced that it is providing needed flexibility to enable financial companies to work with customers in need as they respond to the COVID-19 pandemic.
03/26/20	Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts	Wall Street On Parade	Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts The U.S. Senate voted 96-0 late yesterday on a massive bailout of Wall Street banks versus a short-term survival plan for American workers thrown out of their jobs – and potentially their homes.
03/26/20	Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts	Wall Street On Parade	Stimulus Bill Allows Federal Reserve to Conduct Meetings in Secret; Gives Fed $454 Billion Slush Fund for Wall Street Bailouts The U.S. Senate voted 96-0 late yesterday on a massive bailout of Wall Street banks versus a short-term survival plan for American workers thrown out of their jobs – and potentially their homes.
03/25/20	White House, Senate Agree To $2 Trillion Coronavirus Rescue Package	NPR	White House, Senate Agree To $2 Trillion Coronavirus Rescue Package The Trump administration and Senate Majority Leader Mitch McConnell announced early Wednesday that the White House and Senate had reached a deal for an unprecedented $2 trillion spending package aimed at propping up individuals, businesses and the nation's health care system amid the onslaught of the coronavirus pandemic.
03/25/20	Fla 4th DCA Gets It Right on Article 3 UCC	Living Lies	Fla 4th DCA Gets It Right on Article 3 UCC Finally! A court takes its time and analyzes the chain and discovers what? Insufficient proof of standing and ERROR on the part of the trial judge in preventing even a third party purchaser from introducing evidence that the endorsement of the note was a legal nullity.
03/24/20	Repeating the Mistakes of the 2008 Bailout	The American Prospect	Repeating the Mistakes of the 2008 Bailout We needed to rescue the financial system in 2008, and we need to support sectors like airlines and aerospace now—but TARP is the wrong model.
03/24/20	The New Tidal Wave of Foreclosures	Living Lies	The New Tidal Wave of Foreclosures Foreclosures should happen because someone was financially injured by nonpayment — not because someone wants more profit.
03/23/20	For First Time in History, Fed to Make Billions in Loans to Big and Small Businesses	Wall Street On Parade	For First Time in History, Fed to Make Billions in Loans to Big and Small Businesses Without one vote by an elected official, the Federal Reserve just became a brand new national legislative body. It will, without any oversight in Congress, decide what corporations and businesses to save and which to let fail.
03/23/20	How to Avoid Foreclosure During the Coronavirus Pandemic	Asbarez	How to Avoid Foreclosure During the Coronavirus Pandemic Due to the global Novel Coronavirus (COVID-19) outbreak, homeowners are now faced with unforeseen difficulties due to the unexpected economic turndown. Many are at risk of defaulting on their mortgage payments, or worse, foreclosure. However, relief is on the way.
03/23/20	Bankers Pledge Mortgage Help, but Want Billions	NY Times	Bankers Pledge Mortgage Help, but Want Billions Millions of borrowers may be unable to make payments on home loans next week. The mortgage industry says it’s willing to help, but needs the government to back it up.
03/23/20	The Fed Goes All In With Unlimited Bond-Buying Plan	NY Times	The Fed Goes All In With Unlimited Bond-Buying Plan The Federal Reserve will buy bonds as needed to calm markets, and will buy corporate debt in a series of emergency lending programs.
03/23/20	Potential wave of mortgage delinquencies could bankrupt the payment system	CNBC	Potential wave of mortgage delinquencies could bankrupt the payment system Last week the regulator for mortgage giants Fannie Mae and Freddie Mac announced a forbearance program for borrowers unable to pay their loans because of the effects of the coronavirus.
03/23/20	The Reason Why the PSA Becomes Part of the Loan Contract and Therefore the Borrower Has Standing to at Least Make Inquiries About the PSA Terms, Exhibits and Actual Workings of the Parties to It	Living Lies	The Reason Why the PSA Becomes Part of the Loan Contract and Therefore the Borrower Has Standing to at Least Make Inquiries About the PSA Terms, Exhibits and Actual Workings of the Parties to It The bottom line is that every decision regarding payoff, collection, forbearance and foreclosure must satisfy the conditions of the alleged REMIC securitization.
03/22/20	Banks Should Defer Household Debt to Protect the Economy	Politico	Banks Should Defer Household Debt to Protect the Economy Direct cash payments to American households will be a significant portion of the U.S. government’s response to the coronavirus crisis. The logic is clear:
03/20/20	COVID-19 Update, March 20, 2020	Dann Law	COVID-19 Update, March 20, 2020 Information regarding Foreclosure Stays or Prohibitions What is True: Today the Federal Government announced that no foreclosures will proceed in the next 60 days on loans that are insured by the Federal Housing Administration (FHA) or that are owned by Freddie Mac or Fannie Mae. While that covers a lot of loans most people don’t know the name of the owner or insurer of their loan, they only know the name of the company that collects the payments or servicer of their loan.
03/20/20	Federal Reserve to lend additional $1 trillion a day to large banks	PBS	Federal Reserve to lend additional $1 trillion a day to large banks WASHINGTON (AP) — The Federal Reserve moved with unprecedented force and speed Friday to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak.
03/20/20	Actual Fiction and Legal Fiction: Why the Big Settlements Are Not Reducing Borrower Debt	Living Lies	Actual Fiction and Legal Fiction: Why the Big Settlements Are Not Reducing Borrower Debt It’s complicated. Giving the investors money was a pay down of the obligation owed by the investment Banks, not the Borrowers. It didn’t change anything in the trust. But that begs the real question. The trust never owned anything to begin with. The trust does not exist as a legal person under any law of any jurisdiction simply because there is absolutely nothing in it.
03/19/20	U.S. Orders Up To A Yearlong Break On Mortgage Payments	NPR	U.S. Orders Up To A Yearlong Break On Mortgage Payments Homeowners who have lost income or their jobs because of the coronavirus outbreak are getting some relief. Depending on their situation, they should be eligible to have their mortgage payments reduced or suspended for up to 12 months.
03/19/20	What Aggressive Discovery Looks Like and What Eventually Happens to Stonewalling Servicers and Banks	Living Lies	What Aggressive Discovery Looks Like and What Eventually Happens to Stonewalling Servicers and Banks If you persist you will most likely get an order compelling answers to interrogatories, production of documents and an award for attorney fees.
03/18/20	Fed Announces Program for Wall Street Banks to Pledge Plunging Stocks to Get Trillions in Loans at ¼ Percent Interest	Wall Street On Parade	Fed Announces Program for Wall Street Banks to Pledge Plunging Stocks to Get Trillions in Loans at ¼ Percent Interest The Federal Reserve Board of Governors announced at 6 P.M. last evening that it is following the direction of Steve Mnuchin, the former foreclosure king who now serves as U.S. Treasury Secretary, and authorizing the reinstatement of a hideously operated, multi-trillion dollar bailout program for Wall Street’s
03/18/20	National Foreclosure and Eviction News: Updates from MAAPL	MAAPL	National Foreclosure and Eviction News: Updates from MAAPL Foreclosures and Evictions have NOT stopped nationally… but there’s good news for those with FHA mortgages! (and maybe Fannie Mae and Freddie Mac… )
03/18/20	Motion to Vacate Judgment: Jurisdiction Is About Authority — Not Whether the Judge Was Wrong or Biased	Living Lies	Motion to Vacate Judgment: Jurisdiction Is About Authority — Not Whether the Judge Was Wrong or Biased Judges are required to consider anything in front of them, decide on its admissibility, and then give it the weight that the judge thinks it deserves. Pro se litigants have no way of knowing much about arguments concerning jurisdiction.
03/17/20	Virtual Depositions in Post Corona World	Living Lies	Virtual Depositions in Post Corona World Just a friendly reminder that it is now easier than ever to conduct virtual depositions from the comfort of your home work-space.
03/17/20	Who Can Foreclose?	Living Lies	Who Can Foreclose? The plain truth of SAP — Securitization in Practice — is that nobody who paid value received ownership of the debt and nobody who received an instrument of ownership of the mortgage paid value.
03/16/20	Fed Sets Off Panic with Plan to Eliminate Reserves at Wall Street’s Mega Banks	Wall Street On Parade	Fed Sets Off Panic with Plan to Eliminate Reserves at Wall Street’s Mega Banks Last evening, it became painfully clear that the Board of Governors at the Federal Reserve do not understand the inner workings of Wall Street. After prattling on
03/15/20	Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program	CNBC	Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program The Federal Reserve, saying “the coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States,” cut interest rates to essentially zero on Sunday and launched a massive
03/14/20	The Fed Has Pumped $9 Trillion into Wall Street Over the Past Six Months, But Mnuchin Says “This Isn’t Like the Financial Crisis”	Wall Street On Parade	The Fed Has Pumped $9 Trillion into Wall Street Over the Past Six Months, But Mnuchin Says “This Isn’t Like the Financial Crisis” On February 12, 2020, the Dow Jones Industrial Average closed at 29,551.42. Yesterday, March 13, the Dow closed at 23,185.62 -– a loss of 6,365.80 points in one month’s time, or 21.54 percent. In 2008,
03/13/20	The Fed Has 233 Secret Documents about JPMorgan’s Potential Role in the Repo Loan Crisis	Wall Street On Parade	The Fed Has 233 Secret Documents about JPMorgan’s Potential Role in the Repo Loan Crisis The Federal Reserve Board of Governors has acknowledged to Wall Street On Parade that it has 233 documents that might shed some light on why JPMorgan Chase was allowed by the Fed to draw down $158 billion of the reserves it held at the Fed last year,

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