Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
03/24/23	Florida cities ramped up foreclosures to hurt speculators. Instead they helped them	Miami Herald	Florida cities ramped up foreclosures to hurt speculators. Instead they helped them In 2015, then-St. Petersburg Mayor Rick Kriseman championed a plan to crack down on the city’s so-called “zombie properties” by aggressively foreclosing on them. The city would target poorly maintained properties that had racked up big fines and code enforcement liens with the hope that new ownership would lead to community redevelopment. City leaders believed the plan was the first of its kind in the state and signed a contract with a local private attorney named Matt Weidner to bring the city’s cases to court. Weidner had been a donor to Kriseman, a Democrat who was elected in 2013 after previously serving in the Florida House of Representatives. But Weidner brushed aside any concerns about impropriety. “This is not a plum deal, which is going on forever or one that involves much money at all,” he said at the time. Weidner’s predictions, however, haven’t come to pass. Eight years later, he continues to bring foreclosure cases on behalf of St. Petersburg. To date, he’s been paid nearly $1.5 million by the city for his work. And he’s signed contracts with eight other jurisdictions across Florida to do similar work since then, bringing in an additional $1.4 million in fees and expenses. Weidner has sold cities on the idea that they can transform code enforcement rules that used to be intended to achieve compliance into money-makers, by aggressively collecting money cities were owed from fines — or, in the alternative, taking the homes of owners who can’t pay. The lawsuits have undoubtedly brought about improvements to many of the properties targeted, either through new, more active ownership or by forcing existing owners to improve their practices. But a Miami Herald investigation based on a review of thousands of pages of court records from more than 775 lawsuits and interviews with numerous property owners targeted by Weidner and his client-cities shows that they have also caused harm.
03/24/23	Powell and Yellen Say the Banking System Is Sound as Another Global Bank Teeters	Wall Street On Parade	Powell and Yellen Say the Banking System Is Sound as Another Global Bank Teeters The reassurances of Federal Reserve Chairman Jerome Powell and U.S. Treasury Secretary Janet Yellen that the U.S. banking system is sound, stand in sharp contrast to what is happening in markets. This week, the shorts have found another easy new global bank target to try to take down after making a bundle of money betting against Credit Suisse, which was taken over for 82 cents a share on Sunday by its Swiss competitor, UBS.
03/24/23	Fannie Mae Just Created a New Real Estate Career with their New Appraisal Waiver Program	Skyline School	Fannie Mae Just Created a New Real Estate Career with their New Appraisal Waiver Program Fannie Mae's Value Acceptance + Property Data program, set to launch on April 15, 2023, has cast a shadow over the appraisal industry's future, potentially marking the beginning of the end for licensed appraisers. The program aims to transform mortgage loans by replacing traditional appraisals with assessments conducted by unlicensed "Property Data Collectors," and many are questioning whether this is the first step in eliminating appraisers altogether.
03/24/23	Analysis of Fake Beneficiary Declaration	Living Lies	Analysis of Fake Beneficiary Declaration 2460 FIFE 8-25-2016 BENEFICIARY DECLARATION QUALITY LOAN SERVICE CORP OF WA Toon Hobbs does not say he is an officer of Deutsch Bank. He also does not say that Deutsche Bank warrants ownership over the alleged or implied unpaid loan account. As Document Control Officer, he is also NOT a records custodian and decidedly not a TRUST OFFICER. He does not describe the scope of his duties. He does not say that Deutsch Bank maintains a trust account on behalf of the obliquely named trust or on behalf of the unspecified holders of the unspecified certificates. More importantly he makes no reference to a trust agreement, much less attach it. More importantly he makes no reference to a servicing agreement, much less attach it.
03/23/23	PennyMac Financial Services: Dubious Accounting Games Won’t Solve Its Crisis	Living Lies	PennyMac Financial Services: Dubious Accounting Games Won’t Solve Its Crisis *at the heart of claims of securitization is a data point that cannot be confirmed or corroborated, to wit: an unpaid loan account owed to as specifically identified creditor who makes decisions regarding collection, enforcement, and workouts. That account and that creditor does not exist in anyone’s world unless they are admitted in a court action.
03/23/23	Scheme Targets Homeowners	Saporta Report	Scheme Targets Homeowners A Florida-based firm’s wealth-stripping scheme is the latest threat to some of the country’s most vulnerable homeowners
03/22/23	Courts May Not Use Discredited Document as Basis for Judgment	Living Lies	Courts May Not Use Discredited Document as Basis for Judgment There is no appellate case in which the following proposition has been ruled upon according to my research: can the court continue reliance on legal presumptions arising from facially valid documents from a litigant who fails or refuses to provide reasonable corroboration of the truth of the matters asserted in said documents?
03/22/23	Citigroup’s Citibank Took the Largest Amount of Loans from the FHLB of NY in 2022, Reminiscent of FHLB Loans Taken by Silvergate, SVB, Signature, and First Republic Bank	Wall Street On Parade	Citigroup’s Citibank Took the Largest Amount of Loans from the FHLB of NY in 2022, Reminiscent of FHLB Loans Taken by Silvergate, SVB, Signature, and First Republic Bank On March 13 we published the chart below, showing the ten financial institutions that had taken the largest loan advances from the Federal Home Loan Bank of San Francisco as of year-end 2022. It’s a very ominous sign that the bank at the top of the list, Silicon Valley Bank, collapsed and is now under the control of the Federal Deposit Insurance Corporation (FDIC). Silicon Valley Bank had $212 billion in assets as of year-end 2022, making it the second largest bank failure in U.S. history. The largest failure was Washington Mutual in 2008, with approximately $300 billion in assets.
03/22/23	Murphy’s measure aims to seal wrongful pandemic foreclosures	Illinois Senate Democrats	Murphy’s measure aims to seal wrongful pandemic foreclosures SPRINGFIELD – In order to protect victims of wrongful foreclosures that occurred during the COVID pandemic, State Senator Laura Murphy has introduced a bill that would seal foreclosure records that were initiated during the foreclosure moratoria.
03/22/23	New Yorkers rally in Albany for funding to protect homeowners	Spectrum News1	New Yorkers rally in Albany for funding to protect homeowners As the state budget is negotiated in Albany, New Yorkers are rallying for what they call a critical program left out of Gov. Kathy Hochul's $227 billion budget plan. It’s called the Homeowners Protection Program (HOPP), and it assists more than 15,000 homeowners that find themselves in distress every year. “The HOPP program helped me save my family’s home from foreclosure,” said Melessa Anderson, a HOPP beneficiary.
03/21/23	Everyone lies	Living Lies	Everyone lies The basis for most big business plans is to give the consumer the worst possible product or service while convincing the same consumer that the cost is inevitable and the product or service is excellent. This produces something that Alejandro Reyes of Deutsch Bank called a “counter-intuitive” system. * Let me give you a few examples:
03/21/23	ATTOM cites housing markets most vulnerable to decline	The Title Report	ATTOM cites housing markets most vulnerable to decline ATTOM released its Special Housing Risk Report spotlighting county-level housing markets that are more or less vulnerable to declines, based on home affordability, foreclosures and other measures in the fourth quarter of 2022. The report shows that inland California, Illinois, New Jersey, and Delaware continued to have some of the highest concentrations of the most-at-risk markets in the country, with the biggest clusters in the New York City and Chicago metro areas. Southern and Midwestern states remained less exposed.
03/20/23	Don’t use your own wording simply because it sounds good to you	Living Lies	Don’t use your own wording simply because it sounds good to you What you are looking for is corroboration that the account exists and corroboration documents showing that consideration was paid and not just recited on the transfer document on paper.
03/19/23	Mass. property tax foreclosure laws harmful, inequitable	Worcester Telegram and Gazette	Mass. property tax foreclosure laws harmful, inequitable Last year, Deborah Foss was forced to live in her car during the coldest months of the year after New Bedford officials placed a tax lien on her home and sold it to a private company called Tallage for $9,626 — the total amount she owed, including interest. The tax lien gave the investor authority under Massachusetts law to take her home, sell it for $241,600 and keep all the profits. Deborah lost her home and her value in it over a debt that was worth just a fraction of the value of her home. And that's just the tip of the iceberg. From 2014 through 2021, Massachusetts homeowners subjected to tax foreclosure lost 82% of their home equity on average — $172,000 per home. Massachusetts is one of 12 states, plus the District of Columbia, regularly using these abusive and unconstitutional “tax and take” seizures. A recent study by my firm, Pacific Legal Foundation, details how these predatory home equity theft laws work, and the windfall government and private investors have taken at the expense of people like Deborah.
03/17/23	JPMorgan’s High Risk Footprint; Bloomberg News as PR Agent for Jamie Dimon; and the Untold Story of the Failed “Rescue” of First Republic by the Mega Banks	Wall Street On Parade	JPMorgan’s High Risk Footprint; Bloomberg News as PR Agent for Jamie Dimon; and the Untold Story of the Failed “Rescue” of First Republic by the Mega Banks At 6:33 a.m. this morning, this big, bold headline appeared at the very top of Bloomberg News web page: “How Dimon and Yellen Helped Secure $30 Billion Lifeline for First Republic.” This headline is part of a very long, highly questionable promotion of Jamie Dimon by Bloomberg News as the wunderkind of Wall Street banking.
03/17/23	Foreclosure Defense: What is in a word? EVERYTHING	Living Lies	Foreclosure Defense: What is in a word? EVERYTHING The abuse of words is an essential ingredient in any scam. The reason is that the listener or reader has a complex idea of a specific word. By knowing that idea is in the head of the victim, the scammer can extract money and services, and even products from him or her. Madoff used the word “investment” and people assumed he was investing. Wells Fargo used the word “account” when the customer neither knew nor requested it. Everyone assumed that it was opening accounts at customers’ request and charging them fees. Goldman Sachs used the word “loan” when they were actually using homeowner transactions as an event starting the issuance of securities – not the establishment of a loan account.
03/16/23	Errors in Court (foreclosure cases): Foundation and Business Records	Living Lies	Errors in Court (foreclosure cases): Foundation and Business Records Ultimately, the claim made against the homeowner must make commmon sense. But getting there requires litigation skills. But it is true that ANY lawyer that simply follows standard defense strategies can win these cases for homeowners. The key is always lack of foundation and hearsay objections. But the standard error being made in court consists of (1) overlooking the requirement of foundation testimony and (2) acceptance of printed reports as business records.
03/16/23	Nonprofit Alliance of Consumer Advocates helps Foreclosed Homeowner with Successful Surplus Trustee Sale Reversal	NonProfit Alliance of Consumer Advocates	Nonprofit Alliance of Consumer Advocates helps Foreclosed Homeowner with Successful Surplus Trustee Sale Reversal Melissa Rivera purchased her home in Pittsburg, CA with an FHA loan through Quicken Loans, Inc. on August 19, 2016. Still, she fell behind on her mortgage payments due to financial difficulties, her mortgage was modified on March 4, 2020, but the COVID-19 pandemic caused her to fall behind on payments again, leading to a Notice of Default, then a Notice of Trustee Sale.
03/16/23	The Next Bomb to Go Off in the Banking Crisis Will Be Derivatives	Wall Street On Parade	The Next Bomb to Go Off in the Banking Crisis Will Be Derivatives U.S. Treasury Secretary Janet Yellen finds herself in a very dubious position. Under the Dodd-Frank financial reform legislation of 2010, the U.S. Treasury Secretary was given increased powers to oversee financial stability in the U.S. banking system. This increase in power came in response to the 2008 financial crisis – the worst financial collapse since the Great Depression. The legislation made the Treasury Secretary the Chair of the newly created Financial Stability Oversight Council (F-SOC), whose meetings include
03/15/23	REPORT AND RECOMMENDATIONS TO NEW JERSEY SUPREME COURT RESURFACES AFTER SUBMISSION IN 2010: WHY ARE STATE SUPREME COURT IGNORING THE OBVIOUS IMPLICATIONS?	Living Lies	REPORT AND RECOMMENDATIONS TO NEW JERSEY SUPREME COURT RESURFACES AFTER SUBMISSION IN 2010: WHY ARE STATE SUPREME COURT IGNORING THE OBVIOUS IMPLICATIONS? In 2005, reports started surfacing about fabricated documents, forged documents, and back-dated documents being used to promote “foreclosure” remedies. This one w as issued and submitted to the Supreme Court of New Jersey in 2010. Like Florida and dozens of other states, the Supreme Court and lower appellate courts continued to ignore the most obvious conclusion: presumptions arising from such documents must be scrutinized and rejected if tested by the homeowner.
03/15/23	Moody’s Downgrades Entire U.S. Banking System; Credit Suisse Plummets. Welcome to Banking Crisis 3.0	Wall Street On Parade	Moody’s Downgrades Entire U.S. Banking System; Credit Suisse Plummets. Welcome to Banking Crisis 3.0 The “Related Articles” linked below (a tiny sampling of relevant articles) will remind our readers just how long and in how many different ways we have been attempting to warn that the U.S. banking system was incompetently structured and at risk of systemic contagion. We have also repeatedly warned
03/14/23	New York State is approaching critical mass in eliminating illegal foreclosures	Living Lies	New York State is approaching critical mass in eliminating illegal foreclosures the Foreclosure Abuse Prevention Act (A7737B), recently signed into law by Governor Kathy Hochul, is transformative legislation which may cause the dismissal of thousands of pending foreclosures with prejudice To the delight of court administrators, the changes will cause the permanent dismissal of thousands of foreclosures which have congested the civil docket over the past decade.
03/13/23	Why Homeowners Are Blocked From Access to the Courts Through Effective Counsel	Living Lies	Why Homeowners Are Blocked From Access to the Courts Through Effective Counsel Good trial lawyers will easily understand that they don’t need to prove fraud because it is not their client who is making a claim. They only need to test the evidence to show that there is insufficient evidence to support the inferences and presumptions raised by the current mountain of fabricated, forged, backdated, and robosigned documents (mostly by computers and machines).
03/10/23	How Bullshit Becomes Law: Circular logic in the courtroom snags homeowners almost every time.	Living Lies	How Bullshit Becomes Law: Circular logic in the courtroom snags homeowners almost every time. If you don’t know the rules, you can’t win the game. And remember, to the foreclosure mills and faux servicers and faux trustees”, this is all a game for which we pay every day as owners, taxpayers and consumers. One of the interesting things about this is how much they get away with by NOT saying something. The affiant says something got mailed, but he doesn’t say that it was mailed by his employer, and therefore, he could not be relying upon ‘business records.” But he MUST be relying on business records if the testimony for affidavit is to be accepted under the rules (laws) of evidence. Bank of N.Y. v. Morga, 2017 N.Y. Slip Op. 27107 (N.Y. Sup. Ct. 2017). So is he testifying about something he knows or suspects, or just reading from a piece of paper, the origin of which is a complete mystery to him? The inquiry leads to victory. Silence leads to defeat. In addition, this underscores the problem with the way people and lawyers contest these false claims. By failing to contest the issues that rely on implied facts, homeowners admit them and make real (for legal purposes) that which is unreal. The goal is to stop the foreclosure — not put the opposition in prison. This is why the QWR, DVL, and Complaint to the CFPB are so very important before filing anything in a legal proceeding.
03/10/23	What COVID Home Equity Repayment Plan Means For Lenders \| Insights & Events	JD Supra	What COVID Home Equity Repayment Plan Means For Lenders \| Insights & Events The Federal Housing Administration recently issued Mortgagee Letter 2022-23, establishing a new COVID-19 Home Equity Conversion Mortgage Property Charge Repayment Plan.[1]
03/09/23	Homeowners’ Rules of Engagement by Garfield	Living Lies	Homeowners’ Rules of Engagement by Garfield Just to reiterate the strategy I wish to promote (because it has been 65%-80% successful), the rules of engagement are as follows:
03/09/23	Homeowners Lose Millions to 'We Buy Houses' Investors	Governing	Homeowners Lose Millions to 'We Buy Houses' Investors A new report from the Nowak Metro Finance Lab at Drexel University examines the phenomenon of wholesale real estate investors targeting vulnerable homeowners in poor neighborhoods in Philadelphia.
03/09/23	HUD Issues Final Rule to Offer 40-Year FHA Loan Mods	DS News	HUD Issues Final Rule to Offer 40-Year FHA Loan Mods The U.S. Department of Housing & Urban Development (HUD) has published a Final Rule in the Federal Register its intent to increase the maximum allowable term for Federal Housing Administration (FHA)-insured loan modifications from 360 months to 480 months (40 months). The new rule will become effective Monday, May 8, 2023.
03/09/23	Housing Markets In California, Illinois, And East Coast Still Top List Of Areas Around U.S. More Vulnerable To Declines	Attom Data	Housing Markets In California, Illinois, And East Coast Still Top List Of Areas Around U.S. More Vulnerable To Declines IRVINE, Calif. — Mar. 9, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, foreclosures and other measures in the fourth quarter of 2022. The report shows that inland California, Illinois, New Jersey, and Delaware continued to have some of the highest concentrations of the most-at-risk markets in the country, with the biggest clusters in the New York City and Chicago metropolitan areas. Southern and midwestern states remained less exposed.
03/08/23	U.S. Foreclosure Activity Declines Monthly In February 2023 But Continues To Increase Annually	Attom Data	U.S. Foreclosure Activity Declines Monthly In February 2023 But Continues To Increase Annually IRVINE, Calif. — March 8, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its February 2023 U.S. Foreclosure Market Report, which shows there were a total of 30,528 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 3 percent from a month ago and up 18 percent from a year ago.
03/08/23	Anonymous Tipster Points Out Resource Info in Support of My Articles	Living Lies	Anonymous Tipster Points Out Resource Info in Support of My Articles Without compromising my journalist credentials, I will simply say that the source is 100% reliable and the information is 100% confirmable. The person is well versed in the accounting and auditing of securitization transactions — and as far back as January 2006, the accounting profession was deeply aware of the inherent problems in the way that securitization was claimed to occur. BUT the accounting profession also saw the opportunity to collect exorbitant fees.
03/07/23	UNGUARDED: The Guardianship Program of Dade sells properties of ‘incapacitated’ people to a Miami realtor, who reaps big gains	WLRN	UNGUARDED: The Guardianship Program of Dade sells properties of ‘incapacitated’ people to a Miami realtor, who reaps big gains When Carlos and Racquel Rodriguez could no longer take care of themselves, the elderly couple from Hialeah came under the supervision of the Guardianship Program of Dade County.
03/07/23	The Reason Why Wall Street Opposes Cram-downs for Personal Bankruptcies Might Surprise You	Living Lies	The Reason Why Wall Street Opposes Cram-downs for Personal Bankruptcies Might Surprise You Recently Forbes published an article by John Wake entitled “Congress Could Have Prevented 500,000 Foreclosures During The Great Recession But Chickened Out.” Echoing what Elizabeth Warren and Katie Porter have been advocating for years, it points out that cramdowns best preserve real loans in which both sides take a hit, but neither side gets a windfall.
03/06/23	“Declarations:” that say nothing: Failure to challenge surrenders all of your rights to defend.	Living Lies	“Declarations:” that say nothing: Failure to challenge surrenders all of your rights to defend. In many cases, some “declaration” or “certification” is issued to support the attempt to achieve a successful result in foreclosure remedies. In none of those cases do the documents actually say anything, but if they are unchallenged, they will be accepted by the courts, admitted in evidence, and the case is effectively over.
03/03/23	Bank of America fights claims of discriminatory foreclosures Homeowners in Hawaii and Florida accuse the bank of scheming to foreclose on their properties, but the bank says they haven't offered clear evidence it had anything to do with the foreclosures.	Courthouse News	Bank of America fights claims of discriminatory foreclosures Homeowners in Hawaii and Florida accuse the bank of scheming to foreclose on their properties, but the bank says they haven't offered clear evidence it had anything to do with the foreclosures. HONOLULU (CN) — Bank of America defended itself Friday at a motion to dismiss hearing on claims the bank deliberately foreclosed on mortgage loans as part of an extensive conspiracy to maximize profits at the expense of people of color in Hawaii and Florida. The eight lead plaintiffs in the class action, a majority of whom are people of color, say they have been or are currently being foreclosed on, some for nearly two decades. They first leveled racketeering and Fair Housing Act claims against Bank of America and The Bank of New York Mellon in a July 2022 complaint. Although a majority of the plaintiffs’ foreclosure actions occurred in Hawaii, the suit also includes several plaintiffs who went through foreclosures in Florida. Three of the five Hawaii plaintiffs are of Native Hawaiian descent and the three Florida plaintiffs are women of color.
03/03/23	New York lawmakers want to strengthen foreclosure protections	Spectrum News	New York lawmakers want to strengthen foreclosure protections New York lawmakers want to strengthen foreclosure protections for homeowners in parts of the state who are facing displacement due to tax liens on their properties. The lawmakers, state Sen. Kevin Thomas and Assemblywoman Helene Weinstein, have introduced a bill that would provide homeowners at risk of foreclosure due to tax liens the same protections as borrowers who are in residential mortgage foreclosure.
03/03/23	New Law, New Doctrine and Voir Dire of Judges in Bench Trials	Living Lies	Are they really mortgage loans? Are they still mortgage loans? It all comes down to this: ASSUME NOTHING, CHALLENGE EVERYTHING. THE TRUTH IS THAT YOU DON’T KNOW ALL THE ASPECTS OF THE TRANSACTION IN WHICH YOU EXECUTED “LOAN DOCUMENTS” AND YOU DON’T KNOW IF THEY WERE “LOAN DOCUMENTS”. YOU ONLY KNOW THEY HAD A LABEL ON THEM AND YOU WERE EXPECTING A LOAN. THEY WERE LYING THEN AND THEY ARE LYING NOW.
03/02/23	Are they really mortgage loans? Are they still mortgage loans?	Living Lies	Are they really mortgage loans? Are they still mortgage loans? Most of the long-standing transactions with homeowners were falsely dubbed as “mortgage loans.” And most of the false premises are compounded by additional false premises in the form of forbearance, modification, and other agreements that effectively change the name of the designated “lender” and conceal the absence of an unpaid loan account by many layers of “documents” that are fabricated, forged, backdated and robosigned.
03/02/23	Family shot in murder-suicide minutes before being evicted from foreclosed home, sheriff says	Fox19	Family shot in murder-suicide minutes before being evicted from foreclosed home, sheriff says CLERMONT COUNTY, Ohio (WXIX) - Investigators believe Theresa Cain shot her family members, killing three of them, just minutes before deputies arrived to serve them with eviction papers as they were removed from their foreclosed home, Sheriff Steve Leahy said Thursday.

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