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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09/18/21

A New Housing Regulator Could Make The American Dream More Accessible For Millions NPR

A New Housing Regulator Could Make The American Dream More Accessible For Millions
The Biden administration is close to announcing the nomination of a key regulator with broad powers to change the $11 trillion mortgage market and reshape the American dream of homeownership, sources tell NPR.

09/17/21

Mortgage foreclosures rise as moratorium ends: Options for homeowners who might be at risk Fox Business

Mortgage foreclosures rise as moratorium ends: Options for homeowners who might be at risk
Foreclosure activity is likely to remain slightly elevated over the next three months after rising in August, according to a new report from ATTOM, a mortgage data company and parent company of foreclosure marketplace RealtyTrac.

09/17/21

FEDERAL RESERVE Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic CNBC

FEDERAL RESERVE Fed Chief Powell, other officials owned securities central bank bought during Covid pandemic
Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying, including Chairman Jerome Powell.

09/17/21

Where is government when you need it? Living Lies

Where is government when you need it?
In practice, the current foreclosure practices, which violate substantive, procedural, and evidentiary law at every turn represent a form of extortion upon the American homeowner. Government agencies continue to ignore the obvious and outright deceit and trickery involved in the sale of securities that do not sell loans, and the foreclosure of loans that no longer exist.

09/15/21

Bill Paatalo Explains His Findings in Common “Rent-A-Charter” Scheme Employed by Banks Living Lies

Bill Paatalo Explains His Findings in Common “Rent-A-Charter” Scheme Employed by Banks
Anyone who has participated in or investigated Organized Crime knows that the key ingredient for success of the enterprise is paying people to take the heat if the situation gets sticky. You just need to pay them enough to do your bidding. Investment Banks have institutionalized this concept with their use of an illegal “Rent-A-Charter” scheme. It’s entirely illegal but it works because it looks legal (facially valid).

09/15/21

FHFA Issues Notice of Proposed Rulemaking to Amend the Enterprise Regulatory Capital Framework FHFA

FHFA Issues Notice of Proposed Rulemaking to Amend the Enterprise Regulatory Capital Framework
?????Washington, D.C. – Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comment on a notice of proposed rulemaking that would amend the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac (the Enterprises).

09/14/21

The Legacy Of Racist Housing Covenants And What's Being Done To Eradicate Them In Home Deeds WBUR

The Legacy Of Racist Housing Covenants And What's Being Done To Eradicate Them In Home Deeds
Several states are moving to make it easier for homeowners to strike language in the fine print of home deeds that restricts sales to people of color. Racially restrictive covenants — legal contracts embedded in property deeds — have long been unenforceable and have left a legacy of housing discrimination.

09/14/21

Treasury removes restrictions on investment properties Housing Wire

Treasury removes restrictions on investment properties
Suspension of recent PSPA amendments restricting Fannie Mae and Freddie Mac is in line with administration's goal to boost housing supply

09/14/21

Miami-Dade mayor steps in to keep 82-year-old former Cuban political prisoner from being evicted Local10

Miami-Dade mayor steps in to keep 82-year-old former Cuban political prisoner from being evicted
MIAMI – Tuesday was the deadline for a South Florida senior citizen fighting to stay in her home. A judge refused to issue a stay for an eviction order, but Miami-Dade County Mayor Daniella Levine Cava stepped in at the last minute. “Almost a certainty that Ana was going to be thrown out on the street,” said attorney David Winker. “We were making contingency plans on where she was going to go this morning.”

09/14/21

The “argument” over evidence Living Lies

The “argument” over evidence
The argument between well intentioned people over “evidence” stems mostly from an erroneous understanding of the legal definition of the word “evidence.” Evidence is not simply information. Evidence is any document, exhibit or testimony that is admitted by a judge into the court record as being probative of the truth of a fact that is asserted or implied.

09/13/21

Long Island Man Pleads Guilty to Mortgage Fraud Scheme Living Lies

Long Island Man Pleads Guilty to Mortgage Fraud Scheme
Dear SDNY: You probably got the wrong guy. He can’t be guilty of stealing anything if there was no victim. You portray the victims as homeowners. They indeed were victims but not the victims of this defendant. They were the victims of fraudulent foreclosures on behalf of entities that had no right, title, or interest in the underlying debt and who therefore could claim no injury from non-payment.

09/13/21

MORTGAGE FORBEARANCE ALERT! Don’t Be Caught Facing Foreclosure. You Have Options! MFI-Miami

MORTGAGE FORBEARANCE ALERT! Don’t Be Caught Facing Foreclosure. You Have Options!
MORTGAGE FORBEARANCE ALERT! Some homeowners will soon come to the end of their 18-month mortgage forbearance period. As a result, borrowers affected by the pandemic will have to figure out how to repay their back payments. Fortunately, most loan servicers don’t want to foreclose. Believe it or not, lenders don’t want to foreclose. Therefore, they are offering several repayment options than can help keep borrowers in their homes.

09/13/21

Twelve-tips-homeowners-after-natural-disasters NCLC

Twelve-tips-homeowners-after-natural-disasters
In the wake of recent natural disasters, two detailed new sections covering homeowner rights and risks following a natural disaster have been added to NCLC’s Mortgage Servicing and Loan Modifications Chapter 12. For a limited time, no subscription is required for access to Chapter 12 (also including a third section on special COVID rights).

09/12/21

Opinion | It’s Time to Dismantle America’s Residential Caste System Politico

Opinion | It’s Time to Dismantle America’s Residential Caste System
America is starkly divided between neighborhoods that benefit from overinvestment and those that suffer from disinvestment. But identifying the geography of racial inequality also offers a mechanism for change.

09/12/21

Elderly Miami woman claims bank used forged documents to foreclose on her home Local10

Elderly Miami woman claims bank used forged documents to foreclose on her home
An 82-year-old South Florida woman is continuing to fight foreclosure. MIAMI – An 82-year-old South Florida woman is continuing to fight foreclosure. A final 24-hour eviction notice was placed on Ana Rodriguez’s door on Sunday. She is a former Cuban political prisoner. “When I saw the eviction, I feel it was so cruel to do that in this day,” Rodriguez said during a press conference on Sunday.

09/10/21

The Week Ahead: Examining the State of the Housing Market The M Report

The Week Ahead: Examining the State of the Housing Market
On Friday, September 17, the Harvard Joint Center for Housing Studies will present a webinar titled “The State of the Nation’s Housing” from 11:15-12:15 p.m. CDT. In this presentation, Daniel McCue, a Senior Research Associate at the Center, will discuss “The State of the Nation’s Housing 2021,” a report authored by the Center analyzing trends in the market over the past year.

09/10/21

Deuteronomy: Securitization for those who read scripture Living Lies

Deuteronomy: Securitization for those who read scripture
It seems like from the beginning of time most people understood that there was something intrinsically wrong with borrowing and lending, especially if it extended for more than seven years. There is complete agreement on that in both the Old Testament and the New Testament.

09/10/21

How the Moratorium’s End is Affecting Foreclosure Activity DSNews

How the Moratorium’s End is Affecting Foreclosure Activity
Housing professionals have long been anticipating the response to the July 31 expiration of the federal moratorium on foreclosures. With August numbers coming in, analysts say there has indeed been a rise in foreclosure activity, but they do not expect a large influx.

09/10/21

Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely CNBC

CFPB releases new mortgage servicing rule: What it means for homeowners
The number of borrowers in both government and private sector Covid mortgage bailout programs is falling fast, but for those still in trouble, the future is not as bleak as originally thought.

09/09/21

CFPB releases new mortgage servicing rule: What it means for homeowners Fox Business

CFPB releases new mortgage servicing rule: What it means for homeowners
As foreclosure moratoriums come to an end, the Consumer Financial Protection Bureau (CFPB) released a new mortgage servicing rule that took effect Aug. 31 to help prevent foreclosures for borrowers facing delinquency. The rule will prevent most foreclosures from taking place before January 2022.

09/07/21

Updated RECORD OF SETTLEMENTS: i.e. HOMEOWNERS DID NOT CREATE THIS CRISIS Sherry Hernandez

Updated RECORD OF SETTLEMENTS: i.e. HOMEOWNERS DID NOT CREATE THIS CRISIS
Updated as of January 2020 with updated links: As a homeowner, I am tired of the “Deadbeat” narrative. At this point in our history it is laughable. To prove mypoint……I am posting this list of settlements, white papers, investigative reports and studies, all pointing to collusion byindustry insiders.Courts have stated that homeowners were not harmed. Yet when the lenders and servicers are allowed to arbitrarily addcharges, stop payments and issue trial modifications with no intention of following through, the homeowner is harmed.When the MERS website contains more than one lender/servicer listed as the owner/holder of the note, the homeowner isharmed. When the lender/servicer refuses to give us an accounting and yet they are able to raise our payment or addcharges that they are not required to verify, the homeowner is harmed, and the “lender” can use this power as extortionto remove the homeowner from their home, or increase their debt without cause and without oversight

09/07/21

Mortgage Servicing and Loan Modifications...2.4 Payment Application Problems NCLC

Mortgage Servicing and Loan Modifications...2.4 Payment Application Problems
2.4.1 Misapplication of Payments The misapplication of payments can arise from a servicer’s sloppy procedures or purposeful efforts to generate more revenue. Unfortunately, the misapplication of a single payment can have a snowballing effect that leaves homeowners fighting foreclosure and struggling to repair their credit.

09/07/21

A Lawsuit against the County Recorders for the Bold and Brave Homeowners who want to see a real change Living Lies

A Lawsuit against the County Recorders for the Bold and Brave Homeowners who want to see a real change
There are very few County recorders who would deny that the quality of title has been at least diluted and diminished by fabricated documents. Many would say and have said that title is now corrupt as a result of the extensive cover-up engineered and manufactured by investment banks who are acting through multiple layers of intermediaries.

09/07/21

Homestead Protection Error - An Open Letter to Governor Charlie Baker Mohan Harihar

Homestead Protection Error - An Open Letter to Governor Charlie Baker
Page 18 September - 2021 The Valley Patriot
valleypatriot.com
September 7, 2021 VIA EMAIL COMMUNICATION The Honorable Charlie Baker Governor of Massachusetts Massachusetts State House Office of the Governor 24 Beacon Street, Rm. 280 Boston, MA 02133 RE: HOMEOWNER’S PLEA TO CORRECT EVIDENCED HOMESTEAD PROTECTION ERRORS

09/03/21

Servicers DO NOT handle the Money or the Accounting: they only pretend to do so to offer fake business records” into court evidence Living Lies

Servicers DO NOT handle the Money or the Accounting: they only pretend to do so to offer fake business records” into court evidence
The big problem in legal practice is acceptance of the idea that the servicer is the servicer. The practice guide is simple: test that proposition before you do anything else. This is the same strategy as what the litigator should do with the REMIC Trust, the REMIC Trustee and others.

09/02/21

Senator James Sanders Jr. and State Legislature Extend Moratorium on Residential and Commercial Evictions and Foreclosures NY Senate

Senator James Sanders Jr. and State Legislature Extend Moratorium on Residential and Commercial Evictions and Foreclosures
Senator James Sanders Jr. and State Legislature Extend Moratorium on Residential and Commercial Evictions and Foreclosures Senator James Sanders Jr. and his colleagues in the Senate and the Assembly voted to extend the moratorium on residential and commercial evictions and foreclosures until January 15, 2022. This was the result of a three-way agreement between the Governor and the legislature during an Extraordinary Session.

09/01/21

The Key to Winning for Homeowners: Enforcement of Discovery — Sanctions Living Lies

The Key to Winning for Homeowners: Enforcement of Discovery — Sanctions
Arthur Younger, a famous lecturer of nearly unparalleled skill, was fond of saying that “until you have done 50 trials you are not a trial lawyer. My condolences to the first 50 clients.”

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