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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02/26/22

Vindication Comes In Small Packages Clouded Titles

Vindication Comes In Small Packages
The reason for the article on vindication is due to recent events occurring within a court case in the State of Kansas in the U.S. District Court, Wichita Division, where the Osceola County Forensic Examination was cited, under protest, with a motion to strike made by attorneys for the Bank of New York Mellon, which was denied by the Court. This means the Osceola County Forensic Examination sticks as evidence in the case. Needless to say, the lawyers for BONY Mellon were not happy. The Amended Complaint is shown below:
IN THE UNITED STATES DISTRICT COURT DISTRICT OF KANSAS CARLOS E. MORAL and ) JULIE K. MORAL, ) ) Plaintiffs, ) ) v. ) Case No. 6:21-cv-01070-HLT-TJJ
) PHH MORTGAGE CORPORATION; ) OCWEN LOAN SERVICING, LLC; ) BANK OF NEW YORK MELLON ) TRUST COMPANY, NATIONAL ) ASSOCIATION; and INDECOMM ) HOLDINGS, INC. d/b/a INDECOMM ) GLOBAL SERVICES, ) ) Defendants. ) ) FIRST AMENDED COMPLAINT

02/25/22

ELDERLY HOMEOWNER FIGHTING FOR HER LIFE IN UNLAWFUL FORECLOSURE Ed Valejo

ELDERLY HOMEOWNER FIGHTING FOR HER LIFE IN UNLAWFUL FORECLOSURE
79 YEAR OLD ELDERLY HOMEOWNER FIGHTING FOR HER LIFE IN UNLAWFUL FORECLOSURE IN CALIFORNIA AGAINST U.S. BANK TRUST, N.A. AND ATTORNEYS: WRIGHT, FINLAY & ZAK, LLP. 4665 MACARTHUR COURT, SUITE 200 NEW PORT BEACH, CA 92660 TEL: (949) 477-5050 FAX: (949) 608-9142 They have been reported to the California BAR and the DFPI: Eunju Chagolla (she/her/hers), CFE, CPA Financial Institutions Manager, Debt Collectors Licensing California Department of Financial Protection & Innovation www.dfpi.ca.gov DFPI regulations@dfpi.ca.gov Fax to (213) 897-8860

02/25/22

It’s starting again. Foreclosures on the rise and everyone is “surprised.” Living Lies

It’s starting again. Foreclosures on the rise and everyone is “surprised.”
Homeowners have always legally and morally been entitled to bargain for and share in the infinite profits generated by securitization. So far they have received nothing. Homeowners have never been in default because to be in default there must be a lender, successor lender or creditor who has paid value for an unpaid underlying obligation due from the homeowner. No such party exists in the world of Wall Street “innovation.”

02/24/22

CFPB Initiative to Address Home Valuations DSNews

CFPB Initiative to Address Home Valuations
The Consumer Financial Protection Bureau (CFPB) recently outlined options to ensure that computer models used to help determine home estimates are accurate and fair. The options will now be reviewed to determine their potential impact on small businesses.

02/24/22

New housing program in Orange County helping homeowners fight foreclosure 12 News Now

New housing program in Orange County helping homeowners fight foreclosure
The Texas Department of Housing and Community Affairs launched the program statewide this week. A new program that's part of the American Rescue Plan will help homeowners across Texas who are in trouble. “If you have delinquent taxes, this would be your help. and I would encourage anybody who can to take advantage of this,” said Orange County tax assessor Karen Fisher. She said the Texas Department of Housing and Community Affairs launched the program statewide this week.

02/24/22

Illinois has $250 million to prevent a wave of COVID-related foreclosures Chicago Business

Illinois has $250 million to prevent a wave of COVID-related foreclosures
As new foreclosure filings surge, the state housing agency is offering up to $30,000 to homeowners who are still delinquent on payments because of COVID-related job losses.

02/24/22

Vacant Properties Trend Downward While Foreclosure Starts Surge Sevenfold National Mortgage Professional

Vacant Properties Trend Downward While Foreclosure Starts Surge Sevenfold
Vacant properties are inching downward in the first quarter of 2022, while foreclosure starts have surged sevenfold in January. KEY TAKEAWAYS

02/23/22

Court tosses Sacramento’s mortgage-lending lawsuit against Wells Fargo. Here’s why Sacramento Bee

Court tosses Sacramento’s mortgage-lending lawsuit against Wells Fargo. Here’s why
A lawsuit Sacramento launched against Wells Fargo three years ago over alleged discriminatory lending is ending without compensation to the city or to people who bought homes with expensive and risky loans. Read more at: https://www.sacbee.com/news/equity-lab/article258270123.html#storylink=cpy

02/23/22

Fannie Mae’s February Forecast Revises Nearly Everything Mortgage News Daily

Fannie Mae’s February Forecast Revises Nearly Everything
Fannie Mae’s economists have again stepped up their expectations for the Fed’s response to escalating inflation. A 7.5 percent annual increase in the January Consumer Price Index (CPI), a 40-year high, prompted Fannie’s Economic & Strategic Research (ESR) Group to raise its forecast for a March increase in the Fed funds rate from 25 basis points to 50.

02/23/22

Mortgage applications drop to lowest level in over 2 years CNBC

Mortgage applications drop to lowest level in over 2 years
Climbing mortgage rates are hitting both potential homebuyers and refinance candidates. Total mortgage applications decreased 13.1% last week to the lowest level since December 2019, according to the Mortgage Bankers Association. Applications to refinance dropped 15% weekly and were 56% lower than one year ago.

02/23/22

How much can a lawyer help a homeowner in distress? Living Lies

How much can a lawyer help a homeowner in distress?
have repeatedly stated that to get traction in the uphill battle of defending property from unlawful foreclosure claims, you need a lawyer. Being right is not enough. The playbook of your opposition is based almost entirely on outlasting you. This is because of loopholes the pleading rules and preapproved pleading forms for foreclosure. But how much good can the lawyer do? The answer is a lot if you start early.

02/22/22

Homeowners should unite in collective action not just for themselves but for all consumers who think they are paying off a loan Living Lies

Homeowners should unite in collective action not just for themselves but for all consumers who think they are paying off a loan
One very interested reader has corresponded with me about the unwillingness of the courts to act properly — and I agree with her. She cites many improper moves like what is being upheld their bad decisions and misconduct…holding cases without jurisdiction, meeting in the judge chambers, making deals with the attorney, allowing a case or cases when the party has answered the complaint and the other party did not and a counterclaim filed and judge ignores,

02/22/22

The Fed Just Added Short-Selling and Margin Loans to Its List of Trading Restrictions for Fed Officials – Opening a Big Can of Worms Wall Street On Parade

The Fed Just Added Short-Selling and Margin Loans to Its List of Trading Restrictions for Fed Officials – Opening a Big Can of Worms
On October 21 of last year, when the Fed originally announced its list of trading restrictions that it planned to impose on Fed officials, it made no mention of restricting its officials from short-selling (making bets on a decline in price) or preventing Fed officials from trading on margin. But when the Fed announced its finalized rules last Friday, “short sales or purchasing securities on margin” were added to the list of prohibitions. Why do we find that noteworthy? Because

02/21/22

Who Serves More People of Color in Mortgage Lending: Banks or Nonbanks? Urban Wire

Are the Big 4 Accounting Firms Focused on their Public Duty or Optimizing their Payday?
Part of a series of civil rights laws, the Community Reinvestment Act (CRA) was passed in 1977 to fight explicitly racist redlining policies. The CRA requires federal bank regulators—the Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation—to evaluate the performance of banks and thrifts to determine how well each meets “the credit needs of its entire community, including low- and moderate-income neighborhoods.” Independent mortgage banks and credit unions—or nonbanks—are not subject to the CRA.

02/21/22

WHICH MAINSTREAM MEDIA NEWS OUTLET WILL BE FIRST TO REPORT EVIDENCED JUDICIAL TREASON VIOLATIONS IN THE FIRST CIRCUIT FEDERAL COURT? Mohan Harrihar

WHICH MAINSTREAM MEDIA NEWS OUTLET WILL BE FIRST TO REPORT EVIDENCED JUDICIAL TREASON VIOLATIONS IN THE FIRST CIRCUIT FEDERAL COURT?
To All Referenced Mainstream Media Outlets, Please be advised, the attached LEGAL NOTICE, officially filed with the US Court of Appeals (1st Circuit) on February 20, 2022, documents

02/21/22

Are the Big 4 Accounting Firms Focused on their Public Duty or Optimizing their Payday? Wall Street On Parade

Are the Big 4 Accounting Firms Focused on their Public Duty or Optimizing their Payday?
Editor’s Note: Auditors have come under a harsh light over their failure to detect massive frauds over the past two decades. The Big 5 are now the Big 4 as a result of Arthur Andersen’s audit failures with the energy company, Enron. Despite the sagging reputations of the remaining Big 4, conflicts of interest continue to pervade this profession. This is the news beat of Francine McKenna, a CPA, veteran financial reporter and now an independent journalist writing for Substack. In the article below, McKenna provides an overview of where things stand today and profiles three recent cases of Big 4 audit failures:

02/18/22

Banks Sink – Throwing More Cold Water on All That Talk that Megabanks Are a Great Investment Wall Street On Parade

Banks Sink – Throwing More Cold Water on All That Talk that Megabanks Are a Great Investment
There are apparently stock-picking analysts across Wall Street pumping out buy recommendations on stocks to the public who have never cast their eyes on those chilling derivative charts published quarterly by the Office of the Comptroller of the Currency. If the analysts had cast their eyes on those charts, the last thing they would be recommending right now are megabank stocks. We’re talking specifically about JPMorgan Chase, Goldman Sachs, Citigroup, Bank of America and Morgan Stanley, which, together, control approximately 90 percent of the hundreds of trillions of dollars (notional/face amount) in derivatives held by all 4,900 banks and bank holding companies in the U.S. We’re also talking about the foreign banks that are significant derivative counterparties to these and other banks — such as Deutsche Bank, Credit Suisse, Nomura and Barclays.

02/17/22

Murphy adds $10M to program that helps homeowners avoid foreclosure New Jersey Monitor

Murphy adds $10M to program that helps homeowners avoid foreclosure
Gov. Phil Murphy is allocating $10 million in federal COVID funds to a state program aimed at preventing foreclosures. The state Housing and Mortgage Finance Agency will use the dollars from the federal American Rescue Plan to offer financial assistance to some homeowners facing foreclosure and renovate and sell properties left vacant.

02/17/22

FBI Raids and Subpoenas Have Been Occurring on Wall Street. What’s Up? Wall Street On Parade

FBI Raids and Subpoenas Have Been Occurring on Wall Street. What’s Up?
Yesterday, the Wall Street Journal dropped the bombshell that the Justice Department has been conducting raids on prominent short-sellers, including Muddy Waters’ Carson Block and Andrew Left of Citron Research. The Journal reported that the Justice Department “has seized hardware, trading records and private communications….”

02/17/22

Think Lenders are Not Liable? Think again! Dallas case illustrates the point Living Lies

Think Lenders are Not Liable? Think again! Dallas case illustrates the point
On September 23, 2021, a bankruptcy court in Dallas handed down a 145-page ruling in Bailey Tool & Mfg. Co. v. Republic Bus. Credit, LLC (In re Bailey Tool & Mfg. Co.), 2021 Bankr. LEXIS 3502 (Bankr. N.D. Tex. 2021), provided its answers to some of these questions, offering a cautionary tale of the potential consequences of a court viewing lender loan recovery conduct as overly aggressive behavior in a distressed situation.

02/16/22

Legal Aid Assists Struggling Homeowners with Foreclosure Prevention and Mortgage Relief Legal Aid Foundation of Santa Barbara County

Legal Aid Assists Struggling Homeowners with Foreclosure Prevention and Mortgage Relief
Across the county, financial hardships have either been created or exacerbated by the COVID-19 pandemic. For homeowners who experienced reductions in income due to hardships like illness or job loss, paying their mortgage has been difficult. In response, the federal government allocated funds to create the California Mortgage Relief Program,

02/16/22

Robo-signing? Yes it is still going on (especially at Chase). That means that consumers are being sued for debts they don’t owe. Living Lies

Robo-signing? Yes it is still going on (especially at Chase). That means that consumers are being sued for debts they don’t owe.
Why robo signing? Because there is no creditor to sign it. And that is because there is no unpiad loan account on the accounting ledger of any company. There are just payment histories. You will never see disbursements to creditors from”servicers.” There are no unpaid accounts because everyone gets paid thorugh the sales of multiple levels of securities, the proceeds of which pay everyone in the securitization scheme far more than they ever paid the consumer as a “loan.”

02/16/22

Follow the Money Behind Senator Pat Toomey and His Boycott of the Vote on Fed Nominees Wall Street On Parade

Follow the Money Behind Senator Pat Toomey and His Boycott of the Vote on Fed Nominees
Yesterday, Senator Pat Toomey (R-PA), the Ranking Member of the Senate Banking Committee, orchestrated a boycott among his Republican colleagues on the Committee. Republicans refused to attend the scheduled vote at 2:15 p.m. yesterday for President Biden’s nominees to serve on the Federal Reserve. Without the presence of Republicans, the Committee lacked a quorum and could not vote.

02/15/22

ASSEMBLY BILL NO. 2170 California Legislature

ASSEMBLY BILL NO. 2170
An act to add Section 2924p to the Civil Code, relating to foreclosure. LEGISLATIVE COUNSEL'S DIGEST AB 2170, as introduced, Grayson. Residential real property: foreclosure sales.

02/15/22

Since the Fed Announced It Was “Tapering” Last November, It’s Actually Added $332 Billion in Liquidity with New Debt Security Purchases Wall Street On Parade

Since the Fed Announced It Was “Tapering” Last November, It’s Actually Added $332 Billion in Liquidity with New Debt Security Purchases
If you’re wondering why inflation is running hotter than it has in 40 years and why St. Louis Fed President James Bullard has broken with protocol and is openly criticizing the Fed on television for falling behind the curve on inflation, here’s a key part of that story.

02/15/22

The Payment History is not the Loan Account. Only the Loan Account Can show the Balance. If there is no Loan Account receivable on the Accounting Ledger there is no Balance. If there is no Balance there is no Balance Due. Living Lies

The Payment History is not the Loan Account. Only the Loan Account Can show the Balance. If there is no Loan Account receivable on the Accounting Ledger there is no Balance. If there is no Balance there is no Balance Due.
The problem starts with the Homeowner, who thinks that because he or she applied for a loan, they received it. This assumption is completely unfounded. The law is mostly procedural and logical. It requires building a foundation for a fact to be accepted as true. If there is no foundation, there is no fact. Every case I have ever won has been based on a lack of foundation.

02/14/22

Why the SEC Needs to Regulate Falsely Labeled “Mortgage Backed Securities” Living Lies

Why the SEC Needs to Regulate Falsely Labeled “Mortgage Backed Securities”
The SEC should be regulating these transactions because the investment banks are evading regulation through claiming an exemption that defines their financial product as a private contract and not a security subject to regulation by the agency. But they still label the financial product as a “mortgage backed security.” It does not take a legal genius to know that they can’t have it both ways. Either it is a security or it is not.

02/14/22

Fannie Mae to Transition the Transfer Agent / Certificate Registrar / Paying Agent Role on Single-Family REMIC Residuals Fannie Mae

Fannie Mae to Transition the Transfer Agent / Certificate Registrar / Paying Agent Role on Single-Family REMIC Residuals
Fannie Mae will be transitioning the Transfer Agent/ Certificate Registrar / Paying Agent role from U.S. Bank to Common Securitization Solutions (CSS), LLC for real estate mortgage investment conduit (REMIC) residuals ultimately backed by Single-Family MBS pools and on all remaining Single-Family MBS definitive pools. The transition is currently scheduled to become effective March 1, 2022. CSS will engage J.P. Morgan Chase to assist in its Paying Agent role.

02/12/22

FEBRUARY 12, 2022 – BANK MUST PROVE AMOUNTS DUE AND OWING (TO A PENNY) Torrens Law Group

FEBRUARY 12, 2022 – BANK MUST PROVE AMOUNTS DUE AND OWING (TO A PENNY)
In foreclosure cases, don’t forget that the bank must not only prove a loan default and legal standing to foreclose, but must also prove the amounts due and owing to be entitled to a judgment of foreclosure. Keep in mind that if you are going to challenge the amounts due and owing, you should be specific and attack specific amounts the bank is claiming.

02/11/22

Court decision redefines covered errors in mortgage servicer loss mit National Mortgage News

Court decision redefines covered errors in mortgage servicer loss mit
A Second Circuit decision, Naimoli v. Ocwen Loan Servicing, issued in January, now provides that a loan servicer’s errors in handling a loss mitigation application are covered errors relating to the servicing of the mortgage — an important distinction under the Real Estate Settlement Procedures Act (RESPA) and its implementing regulation, Regulation X, 12 C.F.R. § 1024.35. The ruling could have a chilling effect on loss mitigation and may open the door to new damages claims by borrowers.

02/11/22

CHILDREN LED STREET THEATER, IN PROTEST OF EVICTIONS AND FORECLOSURES DigiBoston

CHILDREN LED STREET THEATER, IN PROTEST OF EVICTIONS AND FORECLOSURES
A group of students will be gathering to raise awareness about keeping families in their homes. According to a media release, on Feb. 13, at 1 p.m., fifth graders involved in Boston Workers Circle and youth from City Life/Vida Urbana “will speak out to stop non-emergency evictions and foreclosures in the pandemic

02/11/22

Did a mortgage holder violate the Homeowner Bill of Rights (HBOR) by foreclosing when the property owner rejects an offer for a trial loan modification plan? First Tuesday Journal

Did a mortgage holder violate the Homeowner Bill of Rights (HBOR) by foreclosing when the property owner rejects an offer for a trial loan modification plan?
Billesbach v. Specialized Loan Servicing LLC Facts: An owner defaults on the mortgage on their home. The mortgage holder initiates foreclosure proceedings without first discussing foreclosure alternatives. The owner files a complaint under the California Homeowner Bill of Rights (HBOR) alleging the mortgage holder violated the HBOR by failing to conduct a pre-foreclosure workout.

02/11/22

The Fed Responds to Report that Fed Chair Powell Traded During FOMC Blackout Periods Wall Street On Parade

The Fed Responds to Report that Fed Chair Powell Traded During FOMC Blackout Periods
A Fed spokesperson has provided Wall Street On Parade with a detailed response to our article yesterday, which documented that trades were made in accounts in which Fed Chair Jerome Powell had a financial interest during a Federal Open Market Committee (FOMC) meeting in 2015 and another in 2019.

02/10/22

Foreclosure Activity Highest Since Pandemic Began Realtor Magazine

Foreclosure Activity Highest Since Pandemic Began
Completed foreclosures have reached their highest level since March 2020. Foreclosure filings, which include default notices, scheduled auctions, or bank repossessions, jumped by 29% in January over December and are up by 139% compared to a year ago, according to the January 2022 U.S. Foreclosure Market Report, released by ATTOM Data Solutions.

02/10/22

Activist Group Reports that Fed Chair Powell Traded During FOMC Restricted Periods: We Fact-Checked It and It’s True Wall Street On Parade

Activist Group Reports that Fed Chair Powell Traded During FOMC Restricted Periods: We Fact-Checked It and It’s True
An anonymous activist group called Occupy the Fed reported in a Substack article on Sunday that Fed Chair Jerome Powell traded on the final day of a Federal Open Market Committee (FOMC) meeting on April 29, 2015, when he was a Fed Governor, and also on the final day of an FOMC meeting on December 11, 2019, when he was Fed Chair.

02/09/22

Foreclosure Defense and Complaint for Abuse of Process or Wrongful Foreclosure: Almost nobody understands the concept of splitting the note and mortgage. Living Lies

Foreclosure Defense and Complaint for Abuse of Process or Wrongful Foreclosure: Almost nobody understands the concept of splitting the note and mortgage.
The reason that certain words are used separately in legal forums is that the legal system has created separate definitions and functions for each such term. The following terms, usually used interchangeably in and out of court has caused most of the confusion and the opportunity to create and pursue false claims:

02/09/22

Jerome Powell’s Term as Fed Chair Ended Last Saturday. The Senate Has Not Reconfirmed Him. What’s Up? Wall Street On Parade

Jerome Powell’s Term as Fed Chair Ended Last Saturday. The Senate Has Not Reconfirmed Him. What’s Up?
At 3:00 p.m. last Friday, the Federal Reserve quietly released the following statement: “The Federal Reserve Board on Friday named Jerome H. Powell as Chair Pro Tempore, pending Senate confirmation to a second term as Chair of the Board of Governors. The action, effective February 5, enables him to continue to carry out his duties as Chair after the expiration of his term on the same day, and while the confirmation process is underway.

02/08/22

Kentucky assistance fund launched to help homeowners avoid foreclosures Whas11

Kentucky assistance fund launched to help homeowners avoid foreclosures
KENTUCKY, USA — Gov. Andy Beshear has launched a federally backed assistance fund that’s aimed at helping pandemic-affected homeowners avoid foreclosure. The program is funded through $85.4 million in federal American Rescue Plan Act funds that the state received to protect homeowners impacted by COVID-19. The governor launched the program Monday along with the Kentucky Housing Corp. Under the program, qualifying homeowners can visit the website to apply for up to $35,000 in assistance.

02/08/22

Jamie Dimon Lands in the Cross Hairs of Senate Banking Committee Chair Sherrod Brown Wall Street On Parade

Jamie Dimon Lands in the Cross Hairs of Senate Banking Committee Chair Sherrod Brown
As Wall Street On Parade, two trial lawyers, the U.S. Department of Justice, the Senate’s Permanent Subcommittee on Investigations and one of the bank’s former lawyers have suggested, the largest bank in the United States, JPMorgan Chase, has enshrined crime as a business model.

02/08/22

Wading through the difference between substantive claims or theories and the procedural opportunities to present them Living Lies

Wading through the difference between substantive claims or theories and the procedural opportunities to present them
A recent exchange of correspondence from a good client of mine (one of the legacy cases I am still directly litigating) produced questions and answers that mirror literally hundreds of inquiries I receive every week. I offer the following as guidance to both lawyers and clients.

02/08/22

Like it or not, desktop appraisals are here to stay Housing Wire

Like it or not, desktop appraisals are here to stay
Industry stakeholders take wait and see approach to desktop appraisal option, to start in March

02/08/22

Fannie Mae settles foreclosure discrimination case affecting Dayton, others for $53M Dayton Daily News

Fannie Mae settles foreclosure discrimination case affecting Dayton, others for $53M
A leading source of mortgage financing has agreed to pay $53 million to settle a lawsuit claiming the institution treated foreclosed homes in communities of color less favorably than in predominantly white neighborhoods, in the Dayton region and dozens of other metro areas.

02/07/22

Fannie Mae pays $53M to settle recession-era discrimination suit Housing Wire

Fannie Mae pays $53M to settle recession-era discrimination suit
The sum is the largest settlement for REO maintenance discrimination

02/07/22

Western Progressive LLC is named as Trustee or even Attorney on many forms, notices and recorded documents in foreclosures. Who is this Luxembourg LLC and Why do all paths lead back to Ocwen? Living Lies

Western Progressive LLC is named as Trustee or even Attorney on many forms, notices and recorded documents in foreclosures. Who is this Luxembourg LLC and Why do all paths lead back to Ocwen?
why such a company would ever be seen as a qualified party to (a) serve as a trustee on a deed of trust (b) make any claims whatsoever and (c) allow its name to be used by FINTECH service providers operating under contract with Merrill Lynch and its “successor” Bank of America.

02/05/22

Complaint Filed With the Mass. AGO Mohan Harrihar

Complaint Filed With the Mass. AGO
Evidenced RICO/COLLUSION VIOLATIONS involving the Massachusetts Office of the Attorney General (MA AGO) and Boston law firm - NELSON MULLINS RILEY & SCARBOROUGH, LLP. The Boston firm previously served as retained legal counsel to Bank Defendants - WELLS FARGO, US BANK and CITIGROUP in the ongoing $42B Federal lawsuit - HARIHAR v US BANK et al (Docket No. 15-cv-11880, US District Court, Boston, MA).

02/04/22

NJ bill would turn foreclosed homes into affordable housing, keep families in their homes NorthJersey.com

NJ bill would turn foreclosed homes into affordable housing, keep families in their homes
To ensure that housing nonprofits purchasing foreclosed homes commit to transforming blighted structures into affordable housing, lawmakers amended a foreclosure bill in committee Thursday. Under A793, New Jersey would make it easier for family members or low-income buyers to purchase foreclosed homes by removing barriers in sheriffs sales.

02/04/22

NYC-area homeowners among the most vulnerable to foreclosure in the US: study NY Post

NYC-area homeowners among the most vulnerable to foreclosure in the US: study
Homeowners in the New York City metropolitan area are among the most vulnerable to foreclosure nationwide as middle-class wage earners struggle to keep up with surging housing costs, according to a report.

02/03/22

Wells Fargo Bank Illegal Foreclosure of 15 W. Spring St., Alexandria, VA American Legal News

Wells Fargo Bank Illegal Foreclosure of 15 W. Spring St., Alexandria, VA
The home was illegally foreclosed on in March of 2018 It was an illegal Foreclosure - Here are the documents to prove it: It has been stated in court by Lawyers from Troutman Pepper Hamilton Sanders for Wells Fargo Bank that they owned the loan and foreclosed on it- But, Wells Fargo Bank in taped conversations with owner Janice Wolk Grenadier deny that and put it in writing directly to the Court and in a Notarized letter:

02/03/22

Residents demand action on COVID-19 housing equity bill Lowell Sun

Residents demand action on COVID-19 housing equity bill
WESTFORD — Residents from across Massachusetts and representatives from the Homes For All Massachusetts coalition gathered at First Parish Church United Monday to draw attention to the state’s housing crisis. Focused primarily on the COVID-19 Housing Equity Bill, also known as “An act to prevent COVID-19 evictions and foreclosures and promote an equitable housing recovery,”

02/03/22

When Repos Blew Up in 2019, Hedge Funds Were $800 Billion Short U.S. Treasury Futures; Then Margins Blew Out Wall Street On Parade

When Repos Blew Up in 2019, Hedge Funds Were $800 Billion Short U.S. Treasury Futures; Then Margins Blew Out
New details have emerged to provide a fuller picture of the turmoil that was taking place in the dark corners of markets when the overnight repo market blew up on September 17, 2019 and the Fed had to run to the rescue with trillions of dollars in cumulative loans that went on for months.

02/02/22

“Payment History” is not the loan receivable account Living Lies

“Payment History” is not the loan receivable account
The payment history is not the loan receivable account by definition and it is never presented as such. Failure to recognize this obscure fact often results in failure. But those who do understand it, raise their chances of a successful defense from unlikely to very likely.

02/02/22

New Book Takes a Hard Look at How Hedge Funds Have Designed Trades to Tap into the Fed’s Money Spigot Wall Street On Parade

New Book Takes a Hard Look at How Hedge Funds Have Designed Trades to Tap into the Fed’s Money Spigot
As we reported on Monday, there’s a new book out from Simon & Schuster with the provocative title: The Lords of Easy Money: How the Federal Reserve Broke the American Economy. The book, written by bestselling author Christopher Leonard, is sprinkled with eye popping revelations – particularly in

02/01/22

New Questions Emerge: Is the New York Fed Working for the American People or the Wall Street Banks that Own It? Wall Street On Parade

New Questions Emerge: Is the New York Fed Working for the American People or the Wall Street Banks that Own It?
Adding to a very long laundry list of questions about exactly whom the New York Fed serves, is the help-wanted ad that was posted four days ago. The ad is for a Financial Planning & Analysis Expert to work at the New York Fed’s headquarters in lower Manhattan. One part of the job description is this: “modelling of potential investment opportunities.”

02/01/22

Tax Forms Are Routinely Used to Convince Homeowners That They Have a LoanAccount Living Lies

Tax Forms Are Routinely Used to Convince Homeowners That They Have a LoanAccount
I receive information from many different sources. I analyze that information for relevance, materiality, and utility in connection with Foreclosure Defense. One of the things that has been brought to my attention by a contributor is the erroneous conclusion that is reached by homeowners when they receive tax forms from the “servicer.”

02/01/22

Virtual Loan Accounts and Virtual Creditors Have Now Graduated to Virtual Land and Virtual Mortgages Living Lies

Virtual Loan Accounts and Virtual Creditors Have Now Graduated to Virtual Land and Virtual Mortgages
Some people are going to lose a great deal of money because they pledged real money for fake land and fake mortgage loans. It has already been happening in the lending marketplace under fake claims of securitization.

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