Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
05/30/21	Why Democrats Are Angry At Wall Street	NPR	Why Democrats Are Angry At Wall Street Sen. Sherrod Brown, D-Ohio, hasn't forgotten the Great Recession. In the first half of 2007, Brown recalls, there were more foreclosures in his hometown than anywhere else in the country. It was a period that led to the Global Financial Crisis: Millions of Americans lost their homes, while banks and other corporate sectors were rescued by billions of dollars in bailouts.
05/28/21	House Hearing: Only Jamie Dimon’s Microphone Mysteriously Malfunctions During Pivotal Questioning	Wall Street On Parade	House Hearing: Only Jamie Dimon’s Microphone Mysteriously Malfunctions During Pivotal Questioning CEOs from the six largest banks on Wall Street testified under oath yesterday before the House Financial Services Committee. But only one CEO, Jamie Dimon, had an ear-piercing electronic sound emanate from his microphone, which blocked out the sound of his voice, when he was asked key questions by two separate members of Congress.
05/28/21	Mortgage Foreclosure Freeze Ends Soon — Here Are the Banks Extending the Moratorium	Yahoo Finance	Mortgage Foreclosure Freeze Ends Soon — Here Are the Banks Extending the Moratorium An important COVID-era protection against foreclosures is about to end, and some banks will not extend the benefit. Currently, Americans are protected from losing their homes through a foreclosure moratorium on federally backed loans.
05/28/21	There is no conflict of laws. There is conflict in understanding them.	Living Lies	There is no conflict of laws. There is conflict in understanding them. It is correct to say that Article 3 of the Uniform Commercial Code adopted in all US jurisdictions applies to negotiable instruments and that article 9 applies to secured transactions.
05/28/21	Why Securitization Does and Should Make a Difference to Consumers Who Think They are Borrowing.	Living Lies	Why Securitization Does and Should Make a Difference to Consumers Who Think They are Borrowing. It’s true. Transactions with consumers have in fact been securitized. What consumers and their lawyers fail to realize is that the securitization of the transaction does not mean that securitization of the underlying obligation or legal debt has occurred.
05/27/21	Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022	CNBC	Bank of America and Chase could restart mortgage foreclosures as early as July, but Wells Fargo is waiting until 2022 It’s been over a year since lenders and the federal government stepped in to help Americans stay in their homes amid the global health and economic crisis caused by the Covid-19 pandemic. And many Americans still need that support.
05/26/21	How Wall Street Manipulates MEDIA and Interest Searches, Producing Financial Suicide By Homeowners and Other Consumer “borrowers” who fail to challenge Claims for Administration, Collection and Enforcement of “Debt”	Living Lies	How Wall Street Manipulates MEDIA and Interest Searches, Producing Financial Suicide By Homeowners and Other Consumer “borrowers” who fail to challenge Claims for Administration, Collection and Enforcement of “Debt” There are two things that are absolutely true. You can prove it by doing the work yourself.
05/26/21	Family Hit With Thousands in Unexpected Fees During Foreclosure	NBC Miami	Family Hit With Thousands in Unexpected Fees During Foreclosure With thousands behind in mortgage payments, foreclosures are expected to rise. NBC 6 Investigators have one family’s fight against foreclosure and how they were hit with tens of thousands in unexpected fees.
05/26/21	17% of Mass. residents worry they could face foreclosure, eviction in the next two months	Boston Globe	17% of Mass. residents worry they could face foreclosure, eviction in the next two months While the pandemic has shaken up life for millions of Americans, it has thrust those already in precarious housing situations into survival mode.
05/25/21	Three Wall Street Mega Banks Have Admitted to a Combined Eight Felony Counts; But Don’t Expect the Word “Felony” to Come Up in Wednesday’s Senate Banking Hearing with their CEOs	Wall Street On Parade	Three Wall Street Mega Banks Have Admitted to a Combined Eight Felony Counts; But Don’t Expect the Word “Felony” to Come Up in Wednesday’s Senate Banking Hearing with their CEOs On Wednesday, the Senate Banking Committee will haul each of the CEOs of the largest U.S. banks on Wall Street to a hearing. Three of those banks have been charged with, and admitted to, egregious felonies. But we will be shocked if any
05/24/21	Concerns Grow as Foreclosure Moratoria Date Nears	DSNews	Concerns Grow as Foreclosure Moratoria Date Nears An analysis by QuoteWizard, a LendingTree company, of American homeowners and renters has found that an increasing number are growing more concerned of keeping a roof over their head as foreclosure moratoria dates grown closer and unemployment levels remain unstable.
05/24/21	The Never-Ending Battle: Fair Housing Advocates and the Fight Against Modern-Day “Shadow” Redlining (Part 2)	AHP75	The Never-Ending Battle: Fair Housing Advocates and the Fight Against Modern-Day “Shadow” Redlining (Part 2) If it holds true that the key to generational wealth in America is, and has largely always been, homeownership, then the opposite holds true for intergenerational poverty. When a person is locked out of the single most commonplace and realistic way to create and sustain wealth in our country, they spend a lifetime wallowing in poverty—or at least in the inability to have access to one of the most tried-and-true methods of rising up into a higher economic class.
05/23/21	Reposting Our Analysis and Conclusions Published about One Month Before the 2008 Crash	Living Lies	Reposting Our Analysis and Conclusions Published about One Month Before the 2008 Crash The only thing we got wrong was that in many cases the originated transaction was not a loan and investors were never purchasing homeowner transactions. They were purchasing unsecured IOUs issued by investment banks who were operating under the name of a fictitious trust that was created solely for receiving bare naked title to documents, while expressly excluding any right, title or interest to any debt, note or mortgage.
05/22/21	Mr. Cooper and Google Partner on New AI Initiative	DSNews	Mr. Cooper and Google Partner on New AI Initiative Mr. Cooper Group Inc. and Google Cloud have joined forces to create a digital mortgage servicing platform, powered by artificial intelligence (AI), machine learning (ML), data analytics, and cloud scalability to ease the distribution, signing, submission, and review of loan documentation.
05/22/21	Biden's $10 billion in mortgage aid is on the way — here's how you qualify	Yahoo Finance	Biden's $10 billion in mortgage aid is on the way — here's how you qualify Though there are signs the coronavirus cloud over the U.S. economy is lifting, millions are still facing serious financial strains from the pandemic, including the risk that they'll lose the roofs over their heads.
05/21/21	CDC Eviction Moratorium Not Quite Over: Where Do We Go From Here?	The National Law Review	CDC Eviction Moratorium Not Quite Over: Where Do We Go From Here? Last September, the Centers for Disease Control and Prevention (CDC) ordered a nationwide eviction moratorium on residential properties. 85 Fed. Reg. 55,292 (Sept. 4, 2020). On May 5, 2021, the United States District Court for the District of Columbia held that this order was invalid; but on May 14, 2021, despite finding that the CDC did not have a substantial likelihood of success on the merits, the court stayed its opinion pending appeal.
05/21/21	Attorneys David Winker and Bruce Jacobs Call Attention to Looming Foreclosure Crisis	Miami's Community News	Attorneys David Winker and Bruce Jacobs Call Attention to Looming Foreclosure Crisis Local Miami victims of predatory lending practices and their attorneys came together to hold a press conference across the street from a Bank of America on Ponce de Leon Ave in Coral Gables on May 19, 2021. At the event,
05/21/21	A Black Woman Says She Had To Hide Her Race To Get A Fair Home Appraisal	NPR	A Black Woman Says She Had To Hide Her Race To Get A Fair Home Appraisal A number of studies have found that Black-owned homes are undervalued when compared to those of white homeowners. This is especially true in historically Black neighborhoods. A 2018 report by the Brookings Institution
05/21/21	Stop Using the Word “Servicer”	Living Lies	Stop Using the Word “Servicer” The courts will always at least initially consider the points that you are raising to be technical attempts to escape liability for a legal debt. You need to reframe the situation.
05/21/21	WASHINGTON SUPREME COURT - Laura Cozza v. PNC Bank National Association	Scott Stafne	WASHINGTON SUPREME COURT - Laura Cozza v. PNC Bank National Association Petition for Discretionary Review
05/21/21	SNOHOMISH COUNTY WASHINGTON SUPERIOR COURT - Bergerons' Response	Scott Stafne	SNOHOMISH COUNTY WASHINGTON SUPERIOR COURT - Bergerons' Response to Deutsche Bank's Motion to Dismiss Bergerons' Counter and Cross Claims
05/20/21	They going to show up and kick me out": Millions face eviction when moratorium ends	CBS	They going to show up and kick me out": Millions face eviction when moratorium ends Dallas — Families across the U.S. don't know if they're going to have a place to stay as states challenge the federal moratorium on evictions imposed during the pandemic. The trickle of evictions could soon become a flood as renters owe $53 billion to landlords.
05/20/21	I wonder if Google understands that they just signed up for assistance with preparation of fraudulent documentation	Living Lies	I wonder if Google understands that they just signed up for assistance with preparation of fraudulent documentation Mr. Cooper Group Inc. and Google Cloud have joined forces to create a digital mortgage servicing platform, powered by artificial intelligence (AI), machine learning (ML), data analytics, and cloud scalability to ease the distribution, signing, submission, and review of loan documentation.
05/19/21	BLACK KNIGHT, CORE LOGIC MOVE TO AUTOMATED VALUATION FOR APPRAISALS	Living Lies	BLACK KNIGHT, CORE LOGIC MOVE TO AUTOMATED VALUATION FOR APPRAISALS Appraisal fraud creates civil and criminal liability. And it turns out that licensed appraisers are still uncomfortable with the current system of faking appraisals. So the investment banks,
05/19/21	Olympic gold medalist living in car outside her Villa Park home amid identity theft legal battle	KTLA	Olympic gold medalist living in car outside her Villa Park home amid identity theft legal battle Olympic gold medalist and retired basketball player Cindy Brown is living in her car outside her Villa Park home after she says she became a victim of identity theft in a legal battle that’s spanned more than a decade.
05/19/21	How to Actually Prosecute the Financial Crimes of the Very Rich	The Atlantic	How to Actually Prosecute the Financial Crimes of the Very Rich I quit the DOJ because I no longer wanted to participate in a system this permissive.
05/17/21	CoreLogic: Equity Growth Among Homeowners May Provide Significant Foreclosure Barrier	Mortgage News Daily	CoreLogic: Equity Growth Among Homeowners May Provide Significant Foreclosure Barrier Two companies have issued reports on the strong gains in homeowner equity. Not only is this an indication of building household wealth and the ability of the housing market to withstand some of the economic damage of the pandemic according to ATTOM
05/16/21	Color of Money: COVID forced more borrowers to be late on their mortgages than at any time since the Great Recession, CFPB reports	Roanoke.com	Color of Money: COVID forced more borrowers to be late on their mortgages than at any time since the Great Recession, CFPB reports The nation’s consumer watchdog agency says more borrowers are behind on their mortgages than at any time since the Great Recession. And the situation is even worse for Black and Hispanic borrowers, who are twice as likely to be delinquent or in a forbearance program as white borrowers.
05/14/21	NINTH CIRCUIT - Jay J. John v. Quality Loan -	Scott Stafne	NINTH CIRCUIT - Jay J. John v. Quality Loan - Johns Reply to the Answering Brief by Deutsche Bank, as trustee, and Nationstar
05/14/21	The Week Ahead: Servicers Brace for the Future	DSNews	The Week Ahead: Servicers Brace for the Future On Wednesday, May 19, Legal League 100 presents its Spring Servicer Summit, an online virtual event from 10:30 a.m.-5:00 p.m. CDT. The event will bring together mortgage servicing executives and government representatives from across the industry,
05/14/21	Is it a Loan or Not?	Living Lies	Is it a Loan or Not? There is a law against murder, but the law defines murder. So if you accidentally kill someone or kill someone in self-defense it is not murder even though the same shot was fired. The same is true for obligations.
05/12/21	The Big Trap Door for Foreclosure Defense Litigants and Lawyers: Damnum Absque Injuria	Living Lies	The Big Trap Door for Foreclosure Defense Litigants and Lawyers: Damnum Absque Injuria In the introduction of pleadings or memorandums of law, I often read that tens of millions of mortgage loans were sold into the secondary market. It might look like that, but nothing could be further from the truth.
05/11/21	“Servicers” Post Losses: Why? Because most of their revenue and profit comes from foreclosures not servicing	Living Lies	“Servicers” Post Losses: Why? Because most of their revenue and profit comes from foreclosures not servicing If servicers were actually collecting money and dispersing money they would not be reporting heavy losses. The truth is that they don’t collect any money and they don’t make any disbursements to “investors.” That is why they can’t answer questions about collection or disbursements. They are not servicers as we think of servicers.
05/11/21	At $49.1 Trillion, the U.S. Stock Market Is Larger than the Combined GDP of the U.S., China, Japan and Germany	Wall Street On Parade	At $49.1 Trillion, the U.S. Stock Market Is Larger than the Combined GDP of the U.S., China, Japan and Germany When the motherlode of stock market bubbles finally pops, exposing the corrupt edifices on which it was built, you can count on one thing for sure – there will be lots of testimony before Congress that no one could have seen it coming.
05/10/21	OCC Defined Securitization in 1997: This doesn’t look like what is going on now	Living Lies	OCC Defined Securitization in 1997: This doesn’t look like what is going on now Just to make sure readers understand that my writing on securitization is based on the actual definition of securitization and not some theory, it would behoove cynical readers to read the original source material for securitization of loans.
05/10/21	CFPB foreclosure moratorium ‘unnecessary, overbroad’	CUNA	CFPB foreclosure moratorium ‘unnecessary, overbroad’ CUNA supports the Consumer Financial Protection Bureau’s (CFPB) Regulation X amendments regarding streamlined modifications, but strongly objects to a proposed moratorium on foreclosures until 2022.
05/08/21	Skipping mortgage payments? Here’s what you need to know when it’s time to resume	Sun Sentinel	Skipping mortgage payments? Here’s what you need to know when it’s time to resume Mortgage servicers took their sweet time last spring advising customers affected by the pandemic about their right to hit the pause button on making payments with no documentation required, and no penalty charged to get back on track. Now that most of those borrowers are preparing to resume making payments, mortgage servicers are again facing criticism for not being straight with their customers about their options.
05/07/21	Keep Your House: Understanding the lies about the FDIC.	Living Lies	Keep Your House: Understanding the lies about the FDIC. I receive lots of inquiries about foreclosures where the FDIC is involved somewhere in the chain of events. Here is the first point: except in very rare instances, the FDIC is never involved in the title chain.
05/07/21	Forbearance Exits Soar as More Plans Expire	Mortgage News Daily	Forbearance Exits Soar as More Plans Expire There was a sharp decline in the number of loans in forbearance during the week ended May 4.

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