Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
04/30/21	Inequalities in housing hardship declined because everybody is now worse off	Brookings	Inequalities in housing hardship declined because everybody is now worse off Through the course of the pandemic, we have investigated the disproportionate pandemic impacts on U.S. families. In June, we reported that Black and Hispanic Americans faced higher rates of housing hardship than white Americans, and we
04/30/21	Research Trust Law in Your State: Trust officer must sign, not agent or servicer.	Living Lies	Research Trust Law in Your State: Trust officer must sign, not agent or servicer. It’s nice to be in the position where people do research and send it to me. It seems that Florida Statutes explicitly prohibit anyone other than an authorized trust officer who works for the alleged trustee to sign any oath, affirmation or certification.
04/28/21	CFPB Delays QM Rule Compliance and Patch Demise	Mortgage News Daily	CFPB Delays QM Rule Compliance and Patch Demise Lenders will have more than an additional year to comply with the General Qualified Mortgage (QM) Rule. The Consumer Financial Protection Bureau (CFPB) says it is formally delaying the mandatory compliance date for the new rule from July 1, 2021 to October 1, 2022.
04/28/21	Plausible Deniability in Action: See 2010 Deposition of Erika Lynn Lance from Nationwide Title Clearing	Living Lies	Plausible Deniability in Action: See 2010 Deposition of Erika Lynn Lance from Nationwide Title Clearing I was recently reminded of this deposition. The witness quite innocently indicts the entire foreclosure process as being extra-legal without realizing it. Extra-legal is merely a phrase used by me and some others to describe something that is not prohibited by statute specifically but is (a) not authorized by law and (b) not consistent with existing laws as to intent and content.
04/27/21	Banks Make Fake Threats About “True Lender” Language in Illinois Law	Living Lies	Banks Make Fake Threats About “True Lender” Language in Illinois Law This is a lot like 2008. But then the banks threatened to pull the plug on all trading platforms for bonds and other securities. They managed to convince a large number of decision-makers in the nation’s capital and in State capitals around the country that if securitization “infrastructures” were compromised, the entire financial system would collapse thus bringing the entire economy to a halt and the end of civilization as we knew it. It was a lie then and it is still a lie. But everyone in legislation, regulation and adjudication bought it hook, line and sinker.
04/25/21	Biden signed $10 billion in mortgage help for homeowners. Do you qualify?	Yahoo Finance	Biden signed $10 billion in mortgage help for homeowners. Do you qualify? Millions are still at risk of losing their homes as a result of the economic crisis fueled by the pandemic. More than 10 million U.S. homeowners are behind on their mortgage payments and are experiencing "housing insecurity," according to census data. If you're in that group and your debt is piling up, the White House set aside $10 billion in the recent COVID relief package to help Americans pay their housing costs.
04/25/21	This Is The State People Are Most Likely To Lose Homes	24/7 Wall Street	This Is The State People Are Most Likely To Lose Homes Shortly after the outbreak of COVID-19, the Census Bureau launched a vast initiative to measure the effects of the disease on Americans. It is called the Household Pulse Survey. So far, the results have been released in three phases,
04/24/21	Local homeowners shocked by thousands in unauthorized mortgage payments withdrawn from their bank accounts	Riverhead Local	Local homeowners shocked by thousands in unauthorized mortgage payments withdrawn from their bank accounts Homeowners across the country, including eastern Suffolk County, woke up to a shock this morning when they learned their mortgage servicing agency had withdrawn multiple payments from their checking accounts overnight. Payments to the Texas-based mortgage servicing company known as Mr. Cooper
04/23/21	Memphis faces eviction crisis after court strikes down federal ban	CBS	Memphis faces eviction crisis after court strikes down federal ban On paper, Americans who have fallen behind on the rent are protected from eviction until July under a federal order. But at least three courts have recently issued rulings effectively nixing the eviction protection,
04/23/21	Should we be paying more attention to E-Discovery?	Living Lies	Should we be paying more attention to E-Discovery? Investigation reveals that most of the documents are prepared, executed, notarized and recorded without human hands. Electronic Discovery is a fairly new practice area in trial law. I recommend that attorneys in particular pay careful attention to new developments in E-discovery
04/23/21	Legal Death Trap: About Those Letters You Get from the “Servicer”	Living Lies	Legal Death Trap: About Those Letters You Get from the “Servicer” THIS IS ABOUT MONEY, NOT DOCUMENTS When a homeowner starts asking questions about the existence, ownership and authority over their debt, note or mortgage, they will at best be misled and probably be the recipient of bald-faced lies.
04/21/21	Cost of Doing “Business”: Media Reports Vanish as Settlement Figures Total Hundreds of Billions of Dollars	Living Lies	Cost of Doing “Business”: Media Reports Vanish as Settlement Figures Total Hundreds of Billions of Dollars If the investment banks are stopped at some point, they will scream because someone took their favorite toy away — not because they lost any money. Quite the contrary — with the trillions they have stashed all over the world it will be decades before they ever run out of cash.
04/21/21	FHFA Extends COVID-Related Loan Flexibilities	DS News	FHFA Extends COVID-Related Loan Flexibilities The Federal Housing Finance Agency (FHFA) announced Wednesday that Fannie Mae and Freddie Mac, the enterprises that the FHFA oversees, will extend temporary loan origination flexibilities designed to ensure continued support for borrowers during the COVID-19 pandemic until May 31.
04/19/21	Evictions in Violation of CDC Moratorium May Violate Fair Debt Collection Practices Act	Credit Slips	Evictions in Violation of CDC Moratorium May Violate Fair Debt Collection Practices Act The CFPB today released an important interim final rule that puts some real teeth behind the CDC's COVID eviction moratorium.
04/19/21	CFPB begins cracking down on mortgage servicers	Housing Wire	CFPB begins cracking down on mortgage servicers The Consumer Financial Protection Bureau (CFPB) is making good on its threats to police mortgage servicers. In late January, the agency released
04/19/21	CFPB Interim Rule: Requires Written Notice to Consumers on Eviction Moratorium	ACA International	CFPB Interim Rule: Requires Written Notice to Consumers on Eviction Moratorium A new interim final rule from the Consumer Financial Protection Bureau clarifies accountability for illegal evictions under the Fair Debt Collection Practices Act.
04/19/21	Housing market is headed for a slowdown say Fannie, Freddie	Inman	Housing market is headed for a slowdown say Fannie, Freddie The economy is improving, homebuyer demand remains strong and COVID-era restrictions are easing, but mortgage giants Fannie Mae and Freddie Mac each predicted a slowdown in the housing market as mortgage originations decrease in 2021.
04/19/21	The Surprising Reason the Nation May Avoid Another Foreclosure Crisis	Realtor.com	The Surprising Reason the Nation May Avoid Another Foreclosure Crisis While the COVID-19 pandemic has rocked the economy, the housing market has defied all predictions by remaining strong. Unlike the last financial crisis, home prices are soaring to new heights,
04/19/21	Gary Dubin, Esq. Takes on the Entire State of Hawaii	Living Lies	Gary Dubin, Esq. Takes on the Entire State of Hawaii Dubin was disbarred by the Supreme court for the State of Hawaii. I have previously written about his situation because, in my opinion, he is the target of investment banks who have an out-sized influence on government.
04/19/21	Consumer watchdog group issues policy to strengthen national eviction moratorium	CNBC	Consumer watchdog group issues policy to strengthen national eviction moratorium The Consumer Financial Protection Bureau said on Monday that lawyers for property owners who violate the national ban on evictions could face federal prosecution and other consequences.
04/16/21	CFPB Issues Proposed Rule to Amend Regulation X	JDSupra	CFPB Issues Proposed Rule to Amend Regulation X The CFPB recently issued a proposed rule and requested public comment on proposed amendments to Regulation X intended to assist borrowers affected by the Covid-19 pandemic. The proposed amendments would establish a pre-foreclosure review period to provide an opportunity for borrowers affected by the Covid-19 pandemic to be evaluated for loss mitigation before a servicer files for foreclosure.
04/16/21	Lying and Signing for Dollars: How It Became Big Business to Provide Fake Documents for Foreclosures	Living Lies	Lying and Signing for Dollars: How It Became Big Business to Provide Fake Documents for Foreclosures Long before the term “robosigning” was coined I had come to the conclusion that investment banks on Wall Street were (a) not the owners of loans and (b) were faking the transfer of loans.
04/15/21	The Rescue of Fannie Mae and Freddie Mac – Module D: Treasury’s GSE MBS Purchase Program	Yale	The Rescue of Fannie Mae and Freddie Mac – Module D: Treasury’s GSE MBS Purchase Program Michael Zanger-Tishler and Rosalind Z. Wiggins Yale Program on Financial Stability Case Study As the housing crisis escalated during the second half of 2007
04/15/21	U.S. Foreclosure Activity Grows Despite Government Moratorium	National Mortgage Professional	U.S. Foreclosure Activity Grows Despite Government Moratorium Today, ATTOM Data Solutions released its first-quarter U.S. Foreclosure Market Report for 2021, which shows that foreclosure filings were up 9% from the previous quarter but down 78% from a year prior.
04/14/21	Garfield Continuum Defense: How To Use Mediation to Your Advantage	Living Lies	Garfield Continuum Defense: How To Use Mediation to Your Advantage The essence of the Garfield defense is to (a) get the Judge mad at the foreclosure mill and (b) reveal the inability to produce one iota of evidence of a money trail, thus rebutting the clear legal presumptions arising from the supposedly facial validity of fabricated documents containing untrue statements.
04/13/21	Mortgage Banks Report 2020 Financials Shattered Last Years Records	Mortgage News Daily	Mortgage Banks Report 2020 Financials Shattered Last Years Records While most of us couldn't wait for 2020 to be over, it turns out to have been a superlative year for mortgage originators. The Mortgage Bankers Association's (MBA's) annual Mortgage Bankers Performance Report shows the profit
04/13/21	Securitization is Hybrid of Supply Chain Finance: The Key word is CHAIN	Living Lies	Securitization is Hybrid of Supply Chain Finance: The Key word is CHAIN First, let me say that there is nothing wrong with supply chain finance. In one form or another, it has been used for thousands of years. The same can be said for securitization — if that is what is really happening.
04/13/21	Jake Auchincloss is introducing his first bill as a member of Congress The focus? Debt collection protections for people going through foreclosure.	Boston.com	Jake Auchincloss is introducing his first bill as a member of Congress The focus? Debt collection protections for people going through foreclosure. Exactly 100 days into his career in Congress, freshman Rep. Jake Auchincloss is slated to file his first bill Tuesday evening. According to his office, the Massachusetts congressman is introducing the Non-Judicial Foreclosure Debt Collection Clarification Act,
04/12/21	Fed Chair Jerome Powell Goes on 60 Minutes to Present a False Narrative on Mega Banks He Supervises Loaning Out their Balance Sheets to Hedge Funds	Wall Street On Parade	Fed Chair Jerome Powell Goes on 60 Minutes to Present a False Narrative on Mega Banks He Supervises Loaning Out their Balance Sheets to Hedge Funds The CBS “investigative” program, 60 Minutes, gave Wall Street a pass again last night. This time around 60 Minutes’ host Scott Pelley interviewed Federal Reserve Chairman Jerome Powell. The Fed, and by extension, Powell, are in charge of
04/12/21	They Are Trading on Data, Not Ownership	Living Lies	They Are Trading on Data, Not Ownership The word “derivative” is used like “alakazam!” It is as if the word conjures up some magical mystery formula by which brokers and traders can engage make money without ever investing in anything real.
04/12/21	Fannie/Freddie Announce End Dates for QM Rules	Mortgage News Daily	Fannie/Freddie Announce End Dates for QM Rules Both Fannie Mae and Freddie Mac (the GSEs) have released information to their lenders confirming that any loans they purchase after July 1, 2021 must conform to the agreement made on their behalf in January by the
04/08/21	Can the CFPB's new forbearance rules prevent a foreclosure crisis?	MPA Magazine	Can the CFPB's new forbearance rules prevent a foreclosure crisis? While forbearance numbers have declined somewhat in recent weeks, around three million homeowners are still behind on their mortgages. As foreclosure moratoriums are set to expire later this year, the housing market is now facing the risk of a shock from millions of homeowners going from forbearance straight into foreclosure. To prevent such a shock to the system, the CFPB has released a proposed set of rule changes for servicers and borrowers to prevent the end of forbearance turning into a catastrophe for the whole mortgage industry.
04/06/21	A Conspiracy of local County Auditors. . and some less than forthcoming Legislators	Scott Stafne	A Conspiracy of local County Auditors. . and some less than forthcoming Legislators Apparently here in Washington State our elected leaders believe that they know what isbest for us. . . without even asking
04/06/21	WASHINGTON COURT OF APPEALS ONE - Larsons' opening brief in registration of title (Torrens Act) appeal	Scott Stafne	WASHINGTON COURT OF APPEALS ONE - Larsons' opening brief in registration of title (Torrens Act) appeal In the Court of Appeals for the State of Washington Division One - Washington Court of Appeals Division One - Christopher and Angela Larson v. New Century Mortgage
04/06/21	Court Clarifies Evidentiary Requirements for Foreclosure Filings	DS News	Court Clarifies Evidentiary Requirements for Foreclosure Filings The Florida Fifth DCA reversed a summary judgment of foreclosure finding, Eagle Home Mortgage, LLC (“the bank”), failed to proffer sufficient evidence that it satisfied conditions precedent. Parkin v. Eagle Home Mortgage, LLC, 5D20-160, 2021 WL 833298 (Fla. 5th DCA Mar. 5, 2021).
04/06/21	Attack the “Successors”	Living Lies	Attack the “Successors” In analyzing the paperwork in front of you, make sure you read every word and do not accept anything said at face value. A popular ruse by foreclosure mills is the use of the word “successor.” I have been saying that this word is used as a cover-up for “we don’t have title to the debt, note or mortgage.” That means they have no loss connected with a claimed scheduled payment that was not received by a “Servicer” who had no right to receive it in the first place.
04/05/21	Summary Judgment is the way that the foreclosure mills avoid answering reasonable discovery demands.	Living Lies	Summary Judgment is the way that the foreclosure mills avoid answering reasonable discovery demands. The simple answer is that they do it because they can and because they generally get away with it, because most of the time their opposition is a layperson who knows nothing about the rules of civil procedure. JUdgment gets entered and the homeowner loses their largest investment, their home, and usually their lifestyle. sometimes they lose their marriages too or their lives when they commit suicide.
04/05/21	Consumer protection group proposes rule to prevent foreclosures until 2022	CNBC	Consumer protection group proposes rule to prevent foreclosures until 2022 The Consumer Financial Protection Bureau proposed a rule Monday to prevent a wave of foreclosures this fall, when certain Covid-era protections for homeowners are set to expire. The proposal, which would need final approval, generally prohibits mortgage servicers from initiating foreclosure
04/05/21	Covid 19 Bankruptcy Provisions and Sunsets	NCLC	Covid 19 Bankruptcy Provisions and Sunsets CONTENTS COVID-19 Bankruptcy Relief Extension Act Signed by President March 27 Bankruptcy Relief Provisions Sunsetting on December 27, 2021 Bankruptcy Relief Provisions Sunsetting on March 27, 2022

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