Daily News related to the Foreclosure Crisis

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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07/30/21

FHA, FHFA Extend Eviction Moratoria Through September DS News

FHA, FHFA Extend Eviction Moratoria Through September
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the GSEs) are extending the moratorium on single-family real estate-owned (REO) evictions until Thursday, September 30, 2021. The REO eviction moratorium applies to properties that have been acquired by a GSE through foreclosure or deed-in-lieu of foreclosure transactions.

07/30/21

Foreclosure Defense in a Nutshell Living Lies

Foreclosure Defense in a Nutshell
The goal of the foreclosure defense strategy is to undermine the ability of the foreclosrue mill to put on a case — not to prove that the allegations are wrong.

07/18/21

Certain Foreclosure Moratoria Set to Lift on July 31 JD Supra

Certain Foreclosure Moratoria Set to Lift on July 31
At the close of this month, certain moratoria on foreclosures and evictions are set to lift. While prior deadlines have been extended, it remains to be seen whether another continuance will be granted amidst an increase in the spread of the COVID-19 Delta variant.

07/28/21

New 2022 data standards could head off foreclosure errors in transfers National Mortgage News

New 2022 data standards could head off foreclosure errors in transfers
The restart of foreclosures is intensifying challenges involved in ensuring correct and compliant information is received when mortgages or related cash-flows transfer, but one such hurdle could be eliminated soon.

07/28/21

FHA Introduces Simplified COVID-19 Recovery “Waterfall” Housing Wire

FHA Introduces Simplified COVID-19 Recovery “Waterfall”
FHA's goal is to reduce required documentation & allow servicers to provide greater payment reductions for homeowners

07/28/21

Overview and Implications for Individual Mortgage Loans NCLC

Overview and Implications for Individual Mortgage Loans
In one short month—from June 24 to July 23, 2021—the White House and federal agencies have announced fourteen separate actions to help mortgage borrowers facing financial hardship from the pandemic.

07/28/21

The Fed Announces Plans to Permanently Backstop Wall Street with a Standing Repo Loan Facility of $500 Billion…Starting Tomorrow Wall Street On Parade

The Fed Announces Plans to Permanently Backstop Wall Street with a Standing Repo Loan Facility of $500 Billion…Starting Tomorrow
You really can’t make this stuff up. A G30 Working Group Chaired by Tim Geithner, the former President of the New York Fed, that secretly sluiced $29 trillion to bail out the Wall Street banks from their hubristic collapse in 2008, released a report today calling for a Standing Repo Facility from the Fed that would be “open to a broad range of market participants….”

07/28/21

Tracking The Presumed Payment of Value for the Underlying Debt Living Lies

Tracking The Presumed Payment of Value for the Underlying Debt
One of the bigest lies in documents related to transctions with homeowners is “for value received.” In most cases no such “value” was paid or received by either of the parties to that document.

07/27/21

Foreclosure Defense: Holder in Due Course Argument Refined. It’s no magic bullet but it can be used effectively Living Lies

Foreclosure Defense: Holder in Due Course Argument Refined. It’s no magic bullet but it can be used effectively
You should be careful about any argument based on the holder in due course. It is true that in order to enforce any rights under a security instrument, lien or mortgage the claimant must have paid value for the underlying obligation assuming the obligation still exists.

07/26/21

Attorney Bruce Jacobs in Miami Fl is Reaching Out — I think you support him if you are concerned about fraudulent foreclosures Living Lies

Attorney Bruce Jacobs in Miami Fl is Reaching Out — I think you support him if you are concerned about fraudulent foreclosures
Any attorney who has represented homeowners attempting to challenge illegal foreclosures will tell you that there is something inherently wrong with the foreclosure process as it is being applied. Bruce Jacobs, a 25 year veteran of judicial battle, is

07/26/21

U.S. Bank is Sham Conduit For Illegal Claims Against Homeowners Living Lies

U.S. Bank is Sham Conduit For Illegal Claims Against Homeowners
Trust is not a negotiable commodity. And there is nothing in statuory or common law that says otherwise. If a named trustee does not wish to h ave any fiduciary responsiblity to manage the

07/26/21

Fed weighs curbing cash machine as critics warn of housing, stock bubble Politico

Fed weighs curbing cash machine as critics warn of housing, stock bubble
Shortly after the pandemic struck last year, the Federal Reserve began buying billions of dollars in government debt every month to drive down borrowing costs and keep the economy from collapsing.

07/23/21

Fact Sheet: Biden Administration Announces Additional Actions to Prevent Foreclosures The White House

Fact Sheet: Biden Administration Announces Additional Actions to Prevent Foreclosures
Across America, a strong economic recovery is taking hold. Since President Biden took office, more than 3 million jobs have been created—600,000 a month on average. The American Rescue Plan is working,

07/23/21

White House acts to prevent foreclosures, evictions as moratoriums near end KATU

White House acts to prevent foreclosures, evictions as moratoriums near end
WASHINGTON (SBG) — With just over a week until federal moratoriums on evictions and foreclosures are scheduled to expire, President Joe Biden’s administration is racing to put resources in place to ensure low-income families do not lose their homes, but housing policy experts say the government’s efforts might not go far enough.

07/23/21

After JPMorgan Chase Admits to Its 4th and 5th Felony Charge, Its Board Gives a $50 Million Bonus to Its CEO, Jamie Dimon Wall Street On Parade

After JPMorgan Chase Admits to Its 4th and 5th Felony Charge, Its Board Gives a $50 Million Bonus to Its CEO, Jamie Dimon
The unthinkable is happening with alarming regularity at the Frankenbank JPMorgan Chase. Over the last seven years, with Chairman and CEO Jamie Dimon at the helm, JPMorgan Chase has managed to do what no other federally-insured American bank has

07/23/21

Elephant in the living room: That’s not a bump under the rug, it’s a mountain Living Lies

Elephant in the living room: That’s not a bump under the rug, it’s a mountain
It comes as no surprise to learn that the investment banks have been hiding things from us for decades, since 1983 when the era of securitization of debt came into existence.

07/21/21

The Developing Impact of Hunstein USFN

The Developing Impact of Hunstein
In a decision that sent shock waves through the debt collection industry, the 11th Circuit held on April 21 that the seemingly benign act of electronically sending information to a letter vendor for inclusion in a standard form dunning letter violated the Fair Debt Collection Practices Act (“FDCPA”).

07/21/21

Elements of Discovery in Foreclosure Cases Living Lies

Elements of Discovery in Foreclosure Cases
If you want to pursue discovery, you have to follow the rules. The right to demand and enforce discovery does not exist in a vacuum. There are specific rules that provide for specific periods of time in which discovery

07/20/21

Homeowners: Where is the OUTRAGE? Living Lies

Homeowners: Where is the OUTRAGE?
Homeowners have been brainwashed into thinking that there was never anything wrong with their “loan” transction at the beginning, in the middle or in the end when they lose their house.

07/19/21

How you can make the system work against the banks in foreclosure cases. Living Lies

How you can make the system work against the banks in foreclosure cases.
Among the people who litigate Foreclosure cases on a regular basis, it is well known that the alleged “trustee” of the implied trust possesses neither knowledge nor control over the foreclosure proceeding.

07/18/21

COVID-19: CFPB Narrows Servicers' Obligations in Final COVID-19 Mortgage Servicing Regulations JD Supra

COVID-19: CFPB Narrows Servicers' Obligations in Final COVID-19 Mortgage Servicing Regulations
In the wake of the COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) issued a series of proposed amendments to the federal servicing regulations designed to assist mortgage borrowers impacted by the pandemic and to prevent a wave of “avoidable foreclosures.”1 The proposed amendments to Regulation X, issued in April 2021, required, among other things, additional intervention and communications regarding loss mitigation options, provided servicers with the ability to issue loan modifications upon the receipt of incomplete applications in certain instances, and prohibited the initiation of most foreclosure proceedings before January 2022.

07/18/21

CFPB Finalizes Amendments to Regulation X to Protect Borrowers Against Forthcoming Increase In COVID-19 Foreclosures JD Supra

CFPB Finalizes Amendments to Regulation X to Protect Borrowers Against Forthcoming Increase In COVID-19 Foreclosures
On June 28, 2021, the Consumer Financial Protection Bureau (CFPB) finalized amendments to the implementing regulation of the Real Estate Settlement Procedures Act (RESPA), Regulation X, which would establish temporary protections for mortgage borrowers as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and various Federal and State foreclosure moratoria are phased out over the summer.

07/16/21

How the courts are chilling access to the courts, and why they smack down defenses of homeowners in foreclosure Living Lies

How the courts are chilling access to the courts, and why they smack down defenses of homeowners in foreclosure
Some people think I am blaming them for not knowing how to navigate the court system. We actually don’t have a dispute between us. The conflict is between two fact patterns that produce an inequitable result for homeowners.

07/16/21

TransUnion LLC v. Ramirez, No. 20-297: SCOTUS RULES ONLY CONCRETE INJURY GIVES STANDING Living Lies

TransUnion LLC v. Ramirez, No. 20-297: SCOTUS RULES ONLY CONCRETE INJURY GIVES STANDING
This new case was decided by the United States Supreme Court about 3 weeks ago. It is extremely interesting on many levels.

07/16/21

Here’s what the Biden administration's new mortgage servicing rules mean for you Fox Business

Here’s what the Biden administration's new mortgage servicing rules mean for you
The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Administration (FHFA) each issued new mortgage servicing rules at the end of June that put regulations in place to help homeowners who are still struggling to make payments on their mortgage loans due to COVID-19.

07/15/21

VA Extends Foreclosure, Eviction Moratoriums Fed Week

VA Extends Foreclosure, Eviction Moratoriums
Veterans who otherwise could face foreclosure or eviction because of the Covid-19 pandemic now will have more time to get their affairs in order.

07/15/21

How the Banks Are Lying to Us Living Lies

How the Banks Are Lying to Us
like all con games, anyone with an interest can pull the plug on it. A good lie by definition is one that is believed by the listener or reader. In order to pass off a good lie, the source must be considered credible (i.e., a con man) or

07/14/21

Foreclosure Defense: The problem with explaining securitization Living Lies

Foreclosure Defense: The problem with explaining securitization
Winston Chuchill was fond of saying that we should walk our dog three times per day regardless of whether or not we had a dog. Some readers will remember that

07/13/21

The Federal Reserve Has Radically Changed from a Central Bank to a Bailout Kingpin. Americans Just Haven’t Paid Attention – Until Tonight Wall Street On Parade

The Federal Reserve Has Radically Changed from a Central Bank to a Bailout Kingpin. Americans Just Haven’t Paid Attention – Until Tonight
This evening, the PBS program, Frontline, will do something that corporate broadcast media has failed to do since the financial crash of 2008. Frontline will air the results of its year-long investigation of the most powerful financial institution in the world – the central bank of the United States – known as the Federal Reserve, or simply “the Fed.”

07/13/21

Does Discovery Invite Fraudsters to Invent Backdated Documentation of Nonexistent Transactions? Living Lies

Does Discovery Invite Fraudsters to Invent Backdated Documentation of Nonexistent Transactions?
I have divided the rules of evidence into two categories that are useful to homeowners seeking out a judgment or final order in their favor.

07/12/21

COVID-19 Housing Protections: Mortgage Forbearance and Other Federal Efforts Have Reduced Default and Foreclosure Risks GAO

COVID-19 Housing Protections: Mortgage Forbearance and Other Federal Efforts Have Reduced Default and Foreclosure Risks
The CARES Act included a foreclosure moratorium and provided mortgage borrowers with options to temporarily suspend payments during the COVID-19 pandemic. Millions of borrowers took advantage of these protections—particularly Black and Hispanic borrowers, as well as first-time and rural homebuyers. However, the moratorium ends on July 31, 2021.

07/12/21

Why securitization gives everyone a headache and nobody wants to do anything about it Living Lies

Why securitization gives everyone a headache and nobody wants to do anything about it.
A major problem in finance is that a lot of lawyers became lawyers because they did not like math, while a lot of bankers and traders became bankers and traders because they did not like to read.

07/11/21

Frontline Investigates the Federal Reserve: Is It a Captured Regulator that’s Wrecking the U.S. Economy with Asset Bubbles? Wall Street On Parade

Frontline Investigates the Federal Reserve: Is It a Captured Regulator that’s Wrecking the U.S. Economy with Asset Bubbles?
Fed Chair Jerome Powell will take his seat before the House Financial Services Committee on Wednesday at noon and before the U.S. Senate Banking Committee on Thursday at 9:30 a.m. for his semi-annual testimony on monetary policy.

07/11/21

Quantum of Justice - The Fraud of Foreclosure and the Illegal Securitization of Notes by Wall Street Douglas J Boggs

Quantum of Justice - The Fraud of Foreclosure and the Illegal Securitization of Notes by Wall Street
Follow real estate developer/investor, Douglas Boggs', own "David and Goliath" story, where he acted as his own attorney against Wells Fargo Bank for fraud. Doug clearly exposes the depth of fraud in the foreclosure system, failures of the justice system, corruption of Wall Street and the illegalities of the Securitization of notes by Wall Street.

07/11/21

Thousands in South Florida could face foreclosure with federal protection coming to an end Sun Sentinel

Thousands in South Florida could face foreclosure with federal protection coming to an end
Time is running out for thousands of South Florida families who are facing foreclosure on their homes as a result of the COVID-19 pandemic. For some, the nightmare started more than a year ago but was stalled by willingness of government officials to prevent banks from forcing people out during an unprecedented public health crisis.

07/09/21

Homeowners defending foreclosures must come to terms with the content of existing laws and rules and stop complaining about how those laws and rules should have been drafted. Living Lies

Homeowners defending foreclosures must come to terms with the content of existing laws and rules and stop complaining about how those laws and rules should have been drafted.
[Excerpt from my upcoming book “KEEP YOUR HOUSE”] Most discussion amongst homeowners centers on ways to “escape” debt, instead of ways to undermine the enforcement of a claim that is not based on any real duty or debt.

07/09/21

Real estate is a people business, but automation can help Housing Wire

Real estate is a people business, but automation can help
AI, machine learning and computer vision can reduce appraisal bias

07/08/21

Wells Fargo tells customers it’s shuttering all personal lines of credit CNBC

Wells Fargo tells customers it’s shuttering all personal lines of credit
Wells Fargo is ending a popular consumer lending product, angering some of its customers, CNBC has learned. The bank is shutting down all existing personal lines of credit

07/07/21

Is it a trust or not? Living Lies

Is it a trust or not?
As it relates to ownership of the subject underlying debt in a claim for foreclosure it is almost certain in every case that no trust exists.

07/06/21

Bill Black Pt 7/9 -The Best Way to Rob a Bank is to Own One The Analysis News

Bill Black Pt 7/9 -The Best Way to Rob a Bank is to Own One
Bill picks up the history of financial fraud with the Obama administration. Finance has targeted Black and Latinx families with sub-prime and liars loans and the crash wipes out 60-70% of their accumulated household wealth. What does Obama do? Bill joins Paul Jay on theAnalysis.news

07/06/21

The difference between forensic and legal analysis Living Lies

The difference between forensic and legal analysis
You need both. One identifies the factual issues that are inconsistent with the claim against the homeowner. The other identifies the legal issues asserted by the foreclosure mill that are not supported by fact

07/05/21

Keep the envelope!!! Living Lies

Keep the envelope!!!
the point you are (or should be) asserting is that the company being used as a source of documents and source of testimony (the apparent servicer) about the homeowner transaction had nothing to do with the origination, maintenance, administration, accounting, custody, collection or enforcement of the rights and obligations arising from the original transaction.

07/05/21

The FED Makes Sure Banks & Wall Street Can’t Fail (But The Country Can) Lew Rockwell

The FED Makes Sure Banks & Wall Street Can’t Fail (But The Country Can)
If Americans only understood the corruption surrounding money, and the enormous greed in the financial sector of the American economy, they would understand how money is being stolen

07/04/21

Broward judge ignores tainted bank documents to justify foreclosures, watchdog report charges Florida Bull Dog

Broward judge ignores tainted bank documents to justify foreclosures, watchdog report charges
Broward Circuit Judge Andrea Gundersen, who runs the court’s foreclosure docket, often rules for banks and against homeowners even when the banks use sketchy documents, a consumer watchdog charges in a recent report. Released in May, the report got scant attention until Miami-Dade Circuit Judge Beatrice Butchko took the dramatic step of holding Bank of America, the Bank of New York Mellon and their lawyer in contempt for failing to answer questions about possible fraud in a foreclosure case.

07/03/21

Long Island man who hasn’t paid his mortgage in 20 years dodges eviction again NYPost

Long Island man who hasn’t paid his mortgage in 20 years dodges eviction again
A Long Island man who hasn’t paid his mortgage in more than 20 years got another free pass from the courts this week after hiring a new lawyer.

07/02/21

You are Invited to APON’s Online Q & A 4:30 PM EST, Tuesday, July 6th Living Lies

You are Invited to APON’s Online Q & A 4:30 PM EST, Tuesday, July 6th
The American Property Owners Network (APON), a new non-profit organization whose mission is to help unite homeowners and property owners against massive lending and foreclosure fraud, is going to court in Florida with a formal action to change foreclosure court process and forms.

07/02/21

Successful and Unsuccessful Appeals. Living Lies

Successful and Unsuccessful Appeals.br> you can use your knowledge … to ask for things that the foreclosure mill will never provide even though they are required to do so under the rules of civil procedure and more importantly

07/02/21

Mortgage servicers brace for fallout as Covid bailout comes to an end CNBC

Mortgage servicers brace for fallout as Covid bailout comes to an end
The nation’s mortgage servicers are gearing up for the biggest wave of delinquent loans since the subprime mortgage crisis, but this time they say they are ready.

07/01/21

CFPB's New Foreclosure Limits Will Be Tough On Servicers LAW360

CFPB's New Foreclosure Limits Will Be Tough On Servicers
With foreclosure moratoriums scheduled to expire at the end of July, the Consumer Financial Protection Bureau this week issued the finalized amendments to the federal servicing regulations, Regulation X.

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