Daily News related to the Foreclosure Crisis

The biggest unpunished heist in human history - Max Keiser

2021

2020

2019

2018

2017

2016

2015

2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1990's
January | February | March | April | May | June | July | August | September | October | November | December
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.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us

 Date

Article

Articles are added weekly 

Source

  Comment

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 Mortgge 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.

05/07/21

TK Newsletter: Introducing "Racket of the Week" TK News

TK Newsletter: Introducing "Racket of the Week"
Scandals are coming fast and furious in Wall Street's bubble economy. TK introduces a shortcut guide to tracking financial scandals

05/07/21

North suburban man’s COVID mortgage forbearance nightmare Chicage Sun Times

North suburban man’s COVID mortgage forbearance nightmare
The plans are being extended for many borrowers in hopes the economy improves. But Gregg Pupecki got a big shock when his loan servicer demanded a lump-sum repayment.

05/06/21

Foreclosure and Eviction Moratorium End in Sight, What Next? RIS Media

Foreclosure and Eviction Moratorium End in Sight, What Next?
The end of federal foreclosure and eviction moratoriums is on the horizon, leaving many wondering, “what’s next?” On one side,

05/05/21

Federal judge vacates CDC's eviction moratorium The Hill

Federal judge vacates CDC's eviction moratorium
A federal judge on Wednesday vacated a nationwide freeze on evictions that was put in place by federal health officials to help cash-strapped renters remain in their homes during the pandemic.

05/05/21

This Senate Hearing Video should be seen by anyone who defends foreclosures or any consumer “finance” transaction Living Lies

This Senate Hearing Video should be seen by anyone who defends foreclosures or any consumer “finance” transaction
The only names you see are the ones that the Wall Street banks want you to see. They’re all placeholders, brokers, or conduits. None of them do anything. They don’t lend money, they don’t collect money and they don’t own any debt, note or mortgage.

05/05/21

New York State Senate Extends Foreclosure and Eviction Moratorium From May 1, 2021 ?Until August 31, 2021 JD Supra

New York State Senate Extends Foreclosure and Eviction Moratorium From May 1, 2021 ?Until August 31, 2021
On May 3, 2021, the New York State Senate voted to extend the moratorium on foreclosure and eviction actions provided in the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (S.9114/A.11181)(the “Eviction and Foreclosure Prevention Act”)until August 31, 2021.

05/05/21

Complaints about mortgage servicers are soaring as millions of Americans still can’t make their monthly payments Marketwatch

Complaints about mortgage servicers are soaring as millions of Americans still can’t make their monthly payments
A year into the pandemic, some homeowners say loan servicers aren’t giving them clear information about mortgage forbearance.

05/04/21

New homebuyers would get tons of cash under plans from Biden and his party Yahoo Finance

New homebuyers would get tons of cash under plans from Biden and his party
One of President Joe Biden’s campaign proposals was a $15,000 incentive to help first-time homebuyers achieve the American Dream. His Democratic party allies have taken that proposal and are running with it...To qualify, individuals must meet income requirements and be "first-generation" homebuyers, meaning anyone who has either never owned their own home or who owned a home once but lost it due to financial distress, including foreclosure.

05/04/21

Mortgage complaints hit three-year-high, CFPB says Housing Wire

Mortgage complaints hit three-year-high, CFPB says
Director reiterates: "As we warned mortgage servicers last month, unprepared is unacceptable.”

05/04/21

Fannie and Freddie Told to Write Their Wills Mortgage News Daily

Fannie and Freddie Told to Write Their Wills
The GSEs Fannie Mae and Freddie Mac have been given orders to develop so-called living wills. Such wills are credible resolution plans that outline

05/04/21

Does the Mortgage Follow the Note or Vica Versa? Living Lies

Does the Mortgage Follow the Note or Vica Versa?
The key to all successful foreclosure defense strategies is to test the facts instead of assuming you know. Most people have their eyes glaze over as soon as you start talking about this.

05/04/21

A practitioner’s guide to helping people facing homelessness access stimulus payments — also known as Economic Impact Payments (EIP) CFPB

A practitioner’s guide to helping people facing homelessness access stimulus payments — also known as Economic Impact Payments (EIP)
If you work with or serve people in your community who are experiencing homelessness, take these steps to help them receive much-needed financial relief.

05/04/21

CFPB Issues Reports Detailing Mortgage Borrowers’ Continuing COVID-19 Challenges CFPB

CFPB Issues Reports Detailing Mortgage Borrowers’ Continuing COVID-19 Challenges
– The Consumer Financial Protection Bureau (CFPB) released two reports today showing that more work needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.

05/03/21

Signatures Without People: Don’t Believe the Documents: They Are Not real. Living Lies

Signatures Without People: Don’t Believe the Documents: They Are Not real.
Be aware that in many cases no human hand has ever touched the documents. Nobody signed it. Securitization was always intended to extinguish the debt without barring the ability to enforce it. This legal impossiblity has been treated as “law” for nearly 25 years.

05/02/21

CFPB Seeks to Hold Mortgage Servicers Accountable, and Establish New Mechanisms for Protecting Borrowers, Against Forthcoming Increase In COVID-19 Foreclosures JD Supra

CFPB Seeks to Hold Mortgage Servicers Accountable, and Establish New Mechanisms for Protecting Borrowers, Against Forthcoming Increase In COVID-19 Foreclosures
This month the Consumer Financial Protection Bureau (CFPB) doubled-down on its earlier warning that the end of 2021 could see widespread foreclosures as COVID-19-related protections expire, by issuing guidance to mortgage servicers, and a notice of proposed rulemaking, regarding actions mortgage servicers can take to deal with the onslaught.

05/02/21

Servicers Should Prepare for Foreclosure Surge Banker And Tradesman

Servicers Should Prepare for Foreclosure Surge
A key federal watchdog agency has warned companies that administer mortgages, either for themselves or on behalf of investors, that they must be prepared for the coming surge of borrowers seeking relief. Unprepared is unacceptable, said Dave Uejio, acting director of the Consumer Financial Protection Bureau. “There is a tidal wave of distressed homeowners who will need help in the coming months,” he said.

05/02/21

Is the US headed toward a new housing bubble? The Hill

Is the US headed toward a new housing bubble?
The staggering rise of U.S. home prices is forcing thousands of aspiring buyers into grueling, often risky bidding wars, raising questions about whether the torrid housing market could be in a bubble.

05/01/21

New York’s Highest Court Makes Key Rulings in Favor of Lenders Clarifying What Accelerates and De-Accelerates a Mortgage Debt for Statute of Limitations Purposes JD Supra

New York’s Highest Court Makes Key Rulings in Favor of Lenders Clarifying What Accelerates and De-Accelerates a Mortgage Debt for Statute of Limitations Purposes
The New York Court of Appeals’ decision set bright-line rules that a noteholder’s voluntary discontinuance of a foreclosure action, in itself, revokes the acceleration of a mortgage debt, and a default letter stating that the debt “will” be accelerated does not accelerate the debt. The Court of Appeals also held

05/01/21

Long Island man dodges eviction for 20 years, living in house he doesn’t own NY Post

Long Island man dodges eviction for 20 years, living in house he doesn’t own
A Long Island man who only ever made one mortgage payment has deftly used the courts to stay in the house for 23 years — for free, according to legal papers.

January | February | March | April |May | June | July | August | September | October | November | December
 

copyright MSFraud.org