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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10/22/21

It’s A Lie, Pure and Simple Living Lies

It’s A Lie, Pure and Simple
“Bank of New York Mellon as trustee for the certificate holders” is an exercise in deceit and fraud. Lawyers for homeowners should pay more attention to filing a motion to dismiss or a motion for more definite statement as to the identification of the claimant. It is simply human to try to skip to the main issue. But it is not wise if what you are skipping is in fact the main issue.

10/22/21

Black Knight: Foreclosure Starts Reverse Course in September, Pulling Back Despite Moratoria Expiration; Delinquency Rate Falls Below 4% for First Time Since Start of Pandemic Yahoo Finance

Black Knight: Foreclosure Starts Reverse Course in September, Pulling Back Despite Moratoria Expiration; Delinquency Rate Falls Below 4% for First Time Since Start of Pandemic
The national delinquency rate fell to 3.91% in September - the first time it's been below 4% in 18 months - marking a 2.3% decline from August and 41.3% from the same time last year

10/21/21

8 Florida federal judges had illegal stock ownership conflicts Florida Bulldog

8 Florida federal judges had illegal stock ownership conflicts
Eight of Florida’s federal judges had financial interests in one or more of their cases, according to a blockbuster newspaper report that identified 131 judicial scofflaws across the nation. The Wall Street Journal’s investigation into how federal judges handled 685 lawsuits during the years 2010-2018 has become a hot topic in Congress.

10/21/21

Fannie, Freddie give green light for remote appraisals OC Register

Fannie, Freddie give green light for remote appraisals
Big changes are coming for housing in 2022. First, forget real estate agents setting up meet, greet and appraise meetings. Forget drive by appraisals. Forget appraisers price gauging homebuyers — especially in rural regions. Remote appraising is all the rage.

10/21/21

The Fed Is Subsidizing the Money Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Big Part of Jerome Powell’s Wealth Wall Street On Parade

The Fed Is Subsidizing the Money Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Big Part of Jerome Powell’s Wealth
Last year, during the financial crisis, Fed Chairman Jerome Powell held five confidential phone calls with BlackRock’s Chairman and CEO Larry Fink.

10/20/21

Remote Online Notarization: Banks are ramping up the way they will conduct illegal foreclosures Living Lies

Remote Online Notarization: Banks are ramping up the way they will conduct illegal foreclosures
Nobody talks about ICE. But it owns the New York Stock Exchange, MERS and an incredible buffet of FINTECH capabilities and it operates as though it is a governmental or quasi governmental agency. It isn’t. And its practices have been institutionalized by longevity and the courts who have no idea what Wall Street is doing.

10/19/21

ICE Mortgage Announces Expansion of MERS Remote Online Notarization Capabilities Mortgage Orb

ICE Mortgage Announces Expansion of MERS Remote Online Notarization Capabilities
ICE Mortgage Technology, part of Intercontinental Exchange Inc., has announced that MERSCORP Holdings Inc., the mortgage industry’s national electronic loan registry, is expanding its capabilities to now include industry-wide, secure storage of Remote Online Notarization (RON) videos for lenders, investors and servicers.

10/19/21

The Wall Street Journal and New York Times Censor Yet Another Major News Story on the Fed and the Mega Banks It Supervises Wall Street On Parade

The Wall Street Journal and New York Times Censor Yet Another Major News Story on the Fed and the Mega Banks It Supervises
On October 13, Wall Street On Parade broke the story that the Federal Reserve had quietly released the names of the mega banks that had grabbed tens of billions of dollars of repo loans under the Fed’s emergency repo loan operations that began on September 17, 2019 – months before there was a COVID-19 case

10/19/21

“FOR THE CERTIFICATE HOLDERS” IS A DEAD GIVE-AWAY THAT THERE IS NO CREDITOR Living Lies

“FOR THE CERTIFICATE HOLDERS” IS A DEAD GIVE-AWAY THAT THERE IS NO CREDITOR
BANK OF NEW YORK MELLON AS TRUSTEE FOR THE CERTIFICATE HOLDERS OF CWABS, INC. ASSET BACKED CERTIFICATES, SERIES 2007-11. FACT CHECK 1. BONY IS NOT A TRUSTEE FOR ANY CERTIFICATE HOLDERS BECAUSE THE CERTIFICATE HODLERS ARE NOT BENEIFICAIRIES OF ANY TRUST. FACT CHECK 2: NO TRUST IS IDENTIFIED EVEN BY NAME. CONCLUSION: THE HOMEOWNER IS FIGHTING WITH A GHOST. THE INVESTMENT BANK IS HIDING BEHIND IT AND EVERYONE IS MAKING MONEY EXCEPT THE HOMEOWNER WHO UNKOWINGLY ALLOWED THE SECURTITIZATION SCHEME TO PROCEED WITHOUT ANY SALE OF THE DEBT.

10/18/21

FHFA to make desktop appraisals permanent Housing Wire

FHFA to make desktop appraisals permanent
FHFA Acting Director Sandra Thompson also announced expansions to the eligibility requirements for refinance programs geared toward low-income borrowers

10/18/21

Basic Bookkeeping and Accounting Knowledge Can Keep False or Unreliable Information Out of Evidence Living Lies

Basic Bookkeeping and Accounting Knowledge Can Keep False or Unreliable Information Out of Evidence
The current custom and practice is to substitute a partial report that is entirely hearsay (usually titled “Payment History”) for the expected and legally required loan account receivable. Such a report when revealed as such is not admissible into evidence if the homeowner raises an objection.

10/15/21

Exit your forbearance CFPB

Exit your forbearance
It takes a plan to exit mortgage forbearance. Learn about your options, get expert help, and find the right option for you.
Plan your exit from mortgage forbearance:
Watch a video about your repayment options
Learn about your repayment options
Learn about how options vary by agency

10/15/21

Lay People Look at What the Document Says. Lawyers Look for What the Document Does Not Say Living Lies

Lay People Look at What the Document Says. Lawyers Look for What the Document Does Not Say
I am often sent documents to review. And most of the documents purport to grant authority to some person or entity to do everything (or at least something) necessary to complete the process of foreclosure. In virtually all cases documents that are allowed to appear are merely part of the illusion of authority and not the source of Authority. In short, the grantor does not say that it owns or has the authority to grant authority to anyone else. This is considered a fatal defect on most documents but it occurs regularly in foreclosure cases.

10/15/21

Foreclosure Filings Reflect End of Moratorium Mortgage News Daily

Foreclosure Filings Reflect End of Moratorium
As was probably inevitable, foreclosure files rose significantly in the third quarter of 2021 and appeared to accelerate in the last month of that quarter. The moratorium on foreclosures which was put in place in March 2020 in response to the COVID-19 pandemic expired on July 31.

10/15/21

Fannie Mae: Mortgage rates and home prices will rise in ’22 Housing Wire

Fannie Mae: Mortgage rates and home prices will rise in ’22
Economists at Fannie Mae expect an increase mortgage rates and home prices in 2022 due to higher inflation, a tightening of monetary policy, and low home inventory.

10/15/21

The SEC Is Taking a Hard Look at Dark Markets, Except for the Darkest of All – Dark Pools Wall Street On Parade

The SEC Is Taking a Hard Look at Dark Markets, Except for the Darkest of All – Dark Pools
On Tuesday, SEC Commissioner Allison Herren Lee delivered an exceptionally well-researched speech on the rising dangers to the broader U.S. economy from the burgeoning dark private markets for non-publicly traded stocks. She makes many important points.

10/14/21

California Court Revisits Homeowner’s Bill of Rights DSNews

California Court Revisits Homeowner’s Bill of Rights
Borrowers regularly sue their loan servicers over alleged violations of the California’s complex Homeowner Bill of Rights (HBOR). Generally, the allegations have little merit. However, in the rare case that an actual violation exists, the Court of Appeal for the Second Appellate District recently confirmed that a loan servicer can

10/14/21

Democratic lawmakers ask Justice Roberts for info on judicial conflict failures Reuters

Democratic lawmakers ask Justice Roberts for info on judicial conflict failures
Two Democratic lawmakers on Thursday asked U.S. Supreme Court Chief Justice John Roberts for information on failures by judges to recuse themselves from cases in which they had financial conflicts as they questioned whether he had done enough to enforce ethics rules.

10/14/21

Mortgage Delinquency Rates Near Pre-Pandemic Levels in U.S. World Property Journal

Mortgage Delinquency Rates Near Pre-Pandemic Levels in U.S.
CoreLogic's latest monthly Loan Performance Insights Report shows that 4.2% of all mortgages in the U.S. during July 2021 were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease in delinquency compared to July 2020, when it was 6.5%. While overall delinquencies remain above the February 2020, pre-pandemic rate of 3.6%, this is the lowest rate since last March.

10/14/21

Foreclosures Tick Up After Moratorium Ends DSNews

Foreclosures Tick Up After Moratorium Ends
The first bits of foreclosure data are starting to come through after the federal government’s foreclosure moratorium expired July 31 and the numbers are not as bad as some experts were predicting at the start of the moratorium.

10/14/21

Federal appeals court rules against investors in Boston low-income housing case WBUR

Federal appeals court rules against investors in Boston low-income housing case
The U.S. Court of Appeals in Boston on Wednesday ruled that a Denver investment firm failed to prove its fight with a South End housing nonprofit belongs in federal court.

10/14/21

Senate Banking Chair, Sherrod Brown, Gives Fed’s Quarles a Scathing Bon Voyage Wall Street On Parade

Senate Banking Chair, Sherrod Brown, Gives Fed’s Quarles a Scathing Bon Voyage
Yesterday was the last day that Randal Quarles served in the post as Vice Chair for Supervision at the Federal Reserve. Senator Sherrod Brown, the Chair of the Senate Banking Committee that oversees the Federal Reserve, used the occasion to send a scorching letter to Fed Chair Jerome Powell assessing Quarles’ performance in the job, which began on October 13, 2017. Brown wrote:

10/13/21

Goldman Sachs: Home prices will rise another 16% in ’22 Housing Wire

Goldman Sachs: Home prices will rise another 16% in ’22
Home prices are currently up 20% year-over-year, but according to a new Goldman Sachs market forecast, they may not have reached their peak yet. Not even close. Goldman Sachs economists predict that home prices will grow another 16% by the end of 2022.

10/13/21

NY Judge Wilson: Prima Facie Elements Are not Issues of “Standing” Living Lies

NY Judge Wilson: Prima Facie Elements Are not Issues of “Standing”
US Bank v. Nelson, 36 N.Y.3d 998, 1000 (N.Y. 2020) (“Whether a plaintiff is a party to a contract – and therefore can sue for breach of contract – is not a question of “standing.” New York law suggests that true standing must be pleaded as an affirmative defense. But whether a plaintiff is a party to a contract and, therefore, can sue for breach, is not a question of standing – it is an essential element of a plaintiff’s claim, which must be pleaded affirmatively in a complaint.”)

10/13/21

Quietly, the Fed Releases the Names of Banks that Got Billions in Emergency Repo Loans in 2019 Wall Street On Parade

Quietly, the Fed Releases the Names of Banks that Got Billions in Emergency Repo Loans in 2019
The Federal Reserve Bank of New York has quietly posted the names of the banks that grabbed billions of dollars under the Fed’s emergency repo loan operations that commenced on September 17, 2019 – months before there was a COVID-19 crisis anywhere in the world.

10/12/21

The Dallas Fed Board Is Now Complicit in the Robert Kaplan Saga Wall Street On Parade

The Dallas Fed Board Is Now Complicit in the Robert Kaplan Saga
Last Wednesday, the Editorial Board of the Financial Times of London penned an editorial under a headline that read: “The Fed’s Trading Scandal Undermines Public Trust.” The editorial noted that the President of the Dallas Fed, Robert Kaplan, “held stakes over $1m each in 27 investments, and moved in and out of S&P 500 futures.

10/12/21

For those exiting “Forbearance” or Moratoriums — Be Careful What You Write! Living Lies

For those exiting “Forbearance” or Moratoriums — Be Careful What You Write!
After a few extensions, the mortgage payment pause officially ended — or will be ending soon — for 1.2 million out of an estimated 1.7 million loans that remained in forbearance as of August, according to CoreLogic. Wall Street is busy churning out even more disinformation than before because they are trying to avoid a mass revolution from consumers.

10/11/21

What the “affidavit” does NOT say is more important than what it does say Living Lies

What the “affidavit” does NOT say is more important than what it does say
This is an example of how the investment banks are responding to me without specifically giving me or my websites oxygen. They are now attempting to file affidavits from parties that appear to be the actual claimant and who appear to be The owner of the underlying obligation, the legal debt, the note and the mortgage. In truth, however, none of that is true.

10/11/21

The U.S. Banking System Is More Dangerous Today than in 1929, Thanks to the Fed’s Reg U and Swaps – Two Well-Kept Secrets from the Senate Banking Committee Wall Street On Parade

The U.S. Banking System Is More Dangerous Today than in 1929, Thanks to the Fed’s Reg U and Swaps – Two Well-Kept Secrets from the Senate Banking Committee
Regulation U is a 1936 Federal Reserve rule, that is still in force today, that allows federally-insured, taxpayer backstopped commercial banks to make margin loans for speculating in stocks. Unlike 1936, however, Wall Street trading houses are today allowed to own their own federally-insured, taxpayer backstopped commercial banks.

10/08/21

The Week Ahead: Balancing Regulatory and Operational Changes as Foreclosure Volume Increases DSNews

The Week Ahead: Balancing Regulatory and Operational Changes as Foreclosure Volume Increases
On Wednesday, October 13, Legal League 100 presents its webinar, "Investors Perspective on the Restart of Foreclosures" at 1:00 p.m. CDT. In an industry that is changing constantly, how can one prepare for the constant flux in incoming business? Volume is sure to be on the rise, but are you prepared? In addition to juggling staffing and operational issues, are you ready to tackle the new servicing rules that require a solid understanding of the law?

10/08/21

BARE NAKED TITLE: THE FOUNDATION OF FAKE SECURITIZATION OF DEBTS AND ALL FORECLOSURES Living Lies

BARE NAKED TITLE: THE FOUNDATION OF FAKE SECURITIZATION OF DEBTS AND ALL FORECLOSURES
The mistake that lawyers and pro se homeowners are lured into making is that they think that the pooling and servicing agreement is the trust agreement. It isn’t.

10/07/21

How to Prevent a Foreclosure Legal Reader

How to Prevent a Foreclosure
Financial setbacks could likely happen, which is why it’s important to inform your lender right away so they can help you as quickly as possible.

10/07/21

Citigroup to Facebook, it’s about power Richard Bowen

Citigroup to Facebook, it’s about power
On Sunday, October 3rd, I saw the 60 Minutes story about Frances Haugen, the Facebook whistleblower. I was absolutely blown away in so many different aspects. I was thrown back to 2011 when I did a 60 Minutes story based upon my whistleblowing at Citigroup.

10/06/21

Mortgage Application Volume at Three-Month Low Mortgage News Daily

Mortgage Application Volume at Three-Month Low
Mortgage applications declined by the largest margin in three months during the week ended October 1. The Mortgage Bankers Association said its Market Composite Index,

10/05/21

Good Foreclosure Defense Gets Down to Basics: No Default Living Lies

Good Foreclosure Defense Gets Down to Basics: No Default
I see in threads of emails that are shared with me considerable discussion and debate over whether the “loan” was sold. The parties who have trouble even conceiving of a scenario in which the original homeowner transaction was not sold are those who are looking at documents. In securitization today, virtually NONE of the documents are real, true, or authentic.

10/05/21

Watch Senator Elizabeth Warren Explain in a 9-Minute Speech on the Senate Floor Today the “Culture of Corruption” at the Fed and How Powell Has “Failed as a Leader” Wall Street On Parade

Watch Senator Elizabeth Warren Explain in a 9-Minute Speech on the Senate Floor Today the “Culture of Corruption” at the Fed and How Powell Has “Failed as a Leader”
After watching the video below, if you have further doubts, consider this: On August 7 of last year, Wall Street On Parade reported that Fed Chairman, Jerome Powell, was having private phone calls with BlackRock CEO, Larry Fink, while BlackRock managed upwards of $25 million of Powell’s personal money and the Fed awarded three no-bid contracts to BlackRock for emergency lending facilities.

10/04/21

New Documents Show the Fed’s Trading Scandal Includes Two of the Wall Street Banks It Supervises: Goldman Sachs and Citigroup Wall Street On Parade

New Documents Show the Fed’s Trading Scandal Includes Two of the Wall Street Banks It Supervises: Goldman Sachs and Citigroup
In the late eighteenth century, men gathered under a Buttonwood tree at 68 Wall in lower Manhattan and traded stocks among themselves. That’s not how it works today.

10/04/21

SUE THE INDIVIDUALS, NOT JUST THE COMPANIES Living Lies

SUE THE INDIVIDUALS, NOT JUST THE COMPANIES
Hat tip to Summer chic From the very beginning — when homeowners or prospective homeowners are first applying for a loan or refinance — they are faced with (a) understanding the transaction (something that TILA was supposed to fix) (b) whether to go on offense and (c) whether to just wait and go on defense.

10/03/21

DannLaw COVID-19 Update 15 Dann Law

DannLaw COVID-19 Update 15
As America struggles to shake the curse of COVID-19, millions of homeowners impacted by the pandemic continue to face numerous challenges, including determining what to do when mortgage forbearance ends. In this update, we’ll outline the available options and offer sound advice on how–and how not–to proceed.

10/02/21

Wall Street’s wild party in jeopardy as Fed threatens aid cutoff Politico

Wall Street’s wild party in jeopardy as Fed threatens aid cutoff
Massive support from the Federal Reserve has sent U.S. stocks and bonds soaring and enriched investors ever since markets almost collapsed at the onset of the pandemic. Now, the party may be ending.

10/01/21

The Justice Department Has 58 Documents About Its New Criminal Chief that It Doesn’t Want the Public to See Wall Street On Parade

The Justice Department Has 58 Documents About Its New Criminal Chief that It Doesn’t Want the Public to See
We’re sorry to have to tell you this, but the Freedom of Information Act (FOIA) process, where the public and members of the press can request information from their government and get a meaningful response, is as dead under the Biden administration as it was under the Trump, Obama and George W. Bush administrations. In no small part, this is why the United States of America, which regularly lectures other countries on what it means to be a democracy, has lost the trust of the American people.

10/01/21

REPORT VIOLATIONS Dept. Of Justice

REPORT VIOLATIONS
Information from the public is vital to the work of the Antitrust Division. Your e-mails, letters, and phone calls could be our first alert to a possible violation of antitrust laws and may provide the initial evidence needed to begin an investigation.To report general antitrust violations, such as price fixing, bid rigging, and market allocation, contact the Citizen Complaint Center.

10/01/21

As Statewide Eviction Moratorium Expires, Attorney General Bonta Reminds Homeowners and Renters of Rights and Protections Under California Law Rob Bonta

As Statewide Eviction Moratorium Expires, Attorney General Bonta Reminds Homeowners and Renters of Rights and Protections Under California Law
OAKLAND – Following the expiration of the statewide eviction moratorium, California Attorney General Rob Bonta today issued a consumer alert reminding California’s tenants and homeowners of their rights and protections under California law. Attorney General Bonta provides the following information to help Californians understand the protections in place as of October 1, 2021, to help prevent evictions and foreclosures during the pandemic.

10/01/21

If a “Holder” Can Enforce a Promissory Note, Why Can’t He Enforce a Mortgage? Living Lies

If a “Holder” Can Enforce a Promissory Note, Why Can’t He Enforce a Mortgage?
If the claimant is only a holder it is highly probable that he is neither a holder in due course nor a true lender or creditor. If it was otherwise, he would say so. And only a party who has paid value for the underlying obligation may enforce a mortgage. (Article 9 §203 UCC, adopted verbatim in all U.S. jurisdictions).

10/01/21

Yvanova not Ibanez Living Lies

Yvanova not Ibanez
I don’t know why I keep doing it but ever since both decisions were in existence I have continually mixed up the names. I did it again in the webinar yesterday when I referred to the Ibanez decision from Massachusetts when I meant to refer to the Yvanova decision in California. I’m sorry! The Yvanova decision was the one in which

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