Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us

Mobile Phone Home Page

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.

PODCAST: Helping homeowners How to support homeowners as they come out of forbearance.

Articles Updated 112121
At the height of the COVID-19 pandemic, more than four million homeowners—credit union members among them—needed mortgage assistance. While many have recovered, there is still a need to support homeowners as they come out of forbearance. Helping homeowners depends on exceptional member care and communication. It also means considering what other support can be offered and what process changes can be made to deliver optimal outcomes.
Banking Agencies: Mortgage Servicers Should Prepare For Increased Scrutiny

Articles Updated 111421
The CFPB, OCC, FDIC, NCUA, and state financial regulators issued a statement this week ending the temporary supervisory and enforcement flexibility provided to mortgage servicers due to the COVID-19 pandemic by the agencies.
How Wall Street is Committing the Perfect Crime

Articles Updated 110721
Back in 2006 on TV, I said something like this: “Given the size and scope of this illegal enterprise, there probably are not enough available assets in the world to purchase and hide from public scrutiny. The banks will inevitably expand into fields in which they have no interest, just like lending. The only way they can hide their illicit gains is by laundering them through the purchase, sale, and trading of assets, some of which will be just as fictitious as the alleged loans they are allegedly creating.”
Here is another lie: Wilmington Savings Fund Society

Articles Updated 103121
The purpose of this terminology and sentence structure is to create names, not entities. These are bankruptcy remote, liaiblity remote, reality remote names without any legal person or entity appearing in the chain. And let me be clear — yes I do think that anyone who has entered into a transaction in which a mortgage and note were signed has good reason to contest to existence of any debt, since it is not claimed as owned by anyone. Such ownership is ALWAYS erroneously and deceptively implied. The banks are highly exposed on this issue and they know it. Their only strategy that works is deep pockets for the long haul, deception and intimidation.
It’s A Lie, Pure and Simple

Articles Updated 102421
“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.
Exit your forbearance

Articles Updated 101721
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

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

Articles Updated 101021
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?
DannLaw COVID-19 Update 15

Articles Updated 100321
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.
FHFA extends multifamily forbearance indefinitely

Articles Updated 092621
Multifamily property owners who are struggling to make mortgage payments due to the COVID-19 pandemic now will have access to forbearance programs indefinitely in the case of loans backed by Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) announced today. Forbearance options for multifamily mortgages backed by the GSEs were set to expire on Sept. 30, but the FHFA has extended until needed.
A New Housing Regulator Could Make The American Dream More Accessible For Millions

Articles Updated 091921
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.
The Week Ahead: Examining the State of the Housing Market

Articles Updated 091221
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.
Servicers DO NOT handle the Money or the Accounting: they only pretend to do so to offer fake business records” into court evidence

Articles Updated 090621
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.
The Federal Reserve is failing America

Articles Updated 082921
The debate over inflation is getting more intense. At the end of July, yearly price increases reached 5.4%, fueling a new round of debate between inflation doves and inflation hawks. Doves suggest price hikes are a temporary blip that will recede once the production bottlenecks caused by the pandemic resolve. Hawks think a plummeting dollar is here to stay, pointing to the massive increase in the money supply since 2020. We’re in the middle of the hottest economic controversy since the battle over the causes of the 2008 financial crisis.

Articles Updated 082221
THE VALUE OF THE LAND RECORDS Many homeowners who really understand what’s in the county land records (previously discussed in other articles on this blog) “get” the fact that checking these records often is like checking your credit history often by ordering credit reports and looking to see what’s posted there in the trade line items. This author has put together a book on the subject (The Credit Restoration Primer), which goes into detail about how to request and analyze the information contained within your credit report,
Zillow, Other Tech Firms Are in an ‘Arms Race’ To Buy Up American Homes

Articles Updated 081521
Zillow is doing a $450 million bond deal to get the money it needs. Opendoor went public via a Chamath Palihapitiya-backed SPAC deal to scale as quickly as it can. Even Rocket Homes is getting into the action. The race is on among tech firms to gobble up U.S. housing stock and dominate the increasingly competitive high-tech house-flipping market, otherwise known as the fast-growing “iBuyer” industry.
A Congressional Call to Strengthen Foreclosure Protections

Articles Updated 080621
Rep. Maxine Waters, Chairwoman of the House Financial Services Committee, has issued two letters to federal agencies and banking regulators urging them to strengthen foreclosure and mortgage servicing protections for borrowers to provide greater oversight to prevent unnecessary foreclosures during the pandemic.
FHA, FHFA Extend Eviction Moratoria Through September

Articles Updated 073121
The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the GSEs) are extending the moratorium on single-family real estate-owned (REO) evictions until Thursday, September 30, 2021. The REO eviction moratorium applies to properties that have been acquired by a GSE through foreclosure or deed-in-lieu of foreclosure transactions.
White House acts to prevent foreclosures, evictions as moratoriums near end

Articles Updated 072521
WASHINGTON (SBG) — With just over a week until federal moratoriums on evictions and foreclosures are scheduled to expire, President Joe Biden’s administration is racing to put resources in place to ensure low-income families do not lose their homes, but housing policy experts say the government’s efforts might not go far enough.
COVID-19: CFPB Narrows Servicers' Obligations in Final COVID-19 Mortgage Servicing Regulations

Articles Updated 071821
In the wake of the COVID-19 pandemic, the Consumer Financial Protection Bureau (CFPB) issued a series of proposed amendments to the federal servicing regulations designed to assist mortgage borrowers impacted by the pandemic and to prevent a wave of “avoidable foreclosures.”1 The proposed amendments to Regulation X, issued in April 2021, required, among other things, additional intervention and communications regarding loss mitigation options, provided servicers with the ability to issue loan modifications upon the receipt of incomplete applications in certain instances, and prohibited the initiation of most foreclosure proceedings before January 2022.
Quantum of Justice - The Fraud of Foreclosure and the Illegal Securitization of Notes by Wall Street

Articles Updated 071121
Follow real estate developer/investor, Douglas Boggs', own "David and Goliath" story, where he acted as his own attorney against Wells Fargo Bank for fraud. Doug clearly exposes the depth of fraud in the foreclosure system, failures of the justice system, corruption of Wall Street and the illegalities of the Securitization of notes by Wall Street.
Broward judge ignores tainted bank documents to justify foreclosures, watchdog report charges

Articles Updated 070421
Broward Circuit Judge Andrea Gundersen, who runs the court’s foreclosure docket, often rules for banks and against homeowners even when the banks use sketchy documents, a consumer watchdog charges in a recent report. Released in May, the report got scant attention until Miami-Dade Circuit Judge Beatrice Butchko took the dramatic step of holding Bank of America, the Bank of New York Mellon and their lawyer in contempt for failing to answer questions about possible fraud in a foreclosure case.
Next Foreclosure Round Will Be Expensive

Articles Updated 062721
A new ruling from Florida’s Fourth District Court of Appeal could mean that the losing party—on any side of a foreclosure case—could be held accountable for attorney fees.
With moratorium ending, more than 8 million households face foreclosure or eviction

Articles Updated 062021
Even as the nation rebounds from the coronavirus pandemic, more than 2 million homeowners are behind on their mortgages and risk being forced out of their homes in a matter of weeks, a new Harvard University housing report warns.
When Justice Vindicates …

Articles Updated 061321
Score a move forward for Miami-Dade foreclosure defense lawyer Bruce Jacobs. An Ackerman foreclosure mill attorney and his clients are in hot water with Miami-Dade Circuit Court Judge Beatrice Butchko
Eviction and foreclosure are top concerns of ALICE population during pandemic

Articles Updated 060121
Eviction or foreclosure is a top concern of households identified as ALICE—an acronym for asset limited, income constrained, employed—during the COVID-19 pandemic, according to a survey conducted by the Rappahannock United Way.
Why Democrats Are Angry At Wall Street

Articles Updated 053021
Sen. Sherrod Brown, D-Ohio, hasn't forgotten the Great Recession. In the first half of 2007, Brown recalls, there were more foreclosures in his hometown than anywhere else in the country. It was a period that led to the Global Financial Crisis: Millions of Americans lost their homes, while banks and other corporate sectors were rescued by billions of dollars in bailouts.
Reposting Our Analysis and Conclusions Published about One Month Before the 2008 Crash

Articles Updated 052321
The only thing we got wrong was that in many cases the originated transaction was not a loan and investors were never purchasing homeowner transactions. They were purchasing unsecured IOUs issued by investment banks who were operating under the name of a fictitious trust that was created solely for receiving bare naked title to documents, while expressly excluding any right, title or interest to any debt, note or mortgage.
Color of Money: COVID forced more borrowers to be late on their mortgages than at any time since the Great Recession, CFPB reports

Articles Updated 051621
The nation’s consumer watchdog agency says more borrowers are behind on their mortgages than at any time since the Great Recession. And the situation is even worse for Black and Hispanic borrowers, who are twice as likely to be delinquent or in a forbearance program as white borrowers.
Skipping mortgage payments? Here’s what you need to know when it’s time to resume

Articles Updated 050921
Mortgage servicers took their sweet time last spring advising customers affected by the pandemic about their right to hit the pause button on making payments with no documentation required, and no penalty charged to get back on track. Now that most of those borrowers are preparing to resume making payments, mortgage servicers are again facing criticism for not being straight with their customers about their options.
CFPB Seeks to Hold Mortgage Servicers Accountable, and Establish New Mechanisms for Protecting Borrowers, Against Forthcoming Increase In COVID-19 Foreclosures

Articles Updated 050221
This month the Consumer Financial Protection Bureau (CFPB) doubled-down on its earlier warning that the end of 2021 could see widespread foreclosures as COVID-19-related protections expire, by issuing guidance to mortgage servicers, and a notice of proposed rulemaking, regarding actions mortgage servicers can take to deal with the onslaught.
Biden signed $10 billion in mortgage help for homeowners. Do you qualify?

Articles Updated 042521
Millions are still at risk of losing their homes as a result of the economic crisis fueled by the pandemic. More than 10 million U.S. homeowners are behind on their mortgage payments and are experiencing "housing insecurity," according to census data. If you're in that group and your debt is piling up, the White House set aside $10 billion in the recent COVID relief package to help Americans pay their housing costs.
CFPB Issues Proposed Rule to Amend Regulation X

Articles Updated 041821
The CFPB recently issued a proposed rule and requested public comment on proposed amendments to Regulation X intended to assist borrowers affected by the Covid-19 pandemic. The proposed amendments would establish a pre-foreclosure review period to provide an opportunity for borrowers affected by the Covid-19 pandemic to be evaluated for loss mitigation before a servicer files for foreclosure.
Can the CFPB's new forbearance rules prevent a foreclosure crisis?

Articles Updated 041121
While forbearance numbers have declined somewhat in recent weeks, around three million homeowners are still behind on their mortgages. As foreclosure moratoriums are set to expire later this year, the housing market is now facing the risk of a shock from millions of homeowners going from forbearance straight into foreclosure. To prevent such a shock to the system, the CFPB has released a proposed set of rule changes for servicers and borrowers to prevent the end of forbearance turning into a catastrophe for the whole mortgage industry
Consumer Finance Law – COVID-19 Year in Review

Articles Updated 040421
The year 2020 was a tumultuous one given the unexpected COVID-19 pandemic, particularly for the mortgage lending and servicing industry. In response to sudden stay-at-home orders and a sharp drop in employment rates, federal and state policymakers moved quickly to offer financial relief to consumers and borrowers. While facing their own pandemic-induced operational hardships, mortgage lenders and servicers swiftly adjusted their business plans to adopt mortgage forbearance requirements and react to foreclosure moratoriums provided under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Balancing new regulatory requirements and a significant uptick in consumer demands kept lenders and servicers on their toes.
Credit Suisse Owned Select Portfolio Servicing Busted! Servicer Accused Of Jerking Around Black Homeowners, Again!

Articles Updated 032821
Select Portfolio Servicing is busted jerking around people of color. This isn’t the first time. I’ve written about this multiple times. However, this time it was WFTV Reporter Todd Ulrich in Orlando who busted them. Ulrich also received the run around from SPS. As a result, he reached out to me for assistance.
The New Untouchables

Articles Updated 032121
Real Progressives and the creators of “The Con” present a new series, “The New Untouchables:? The Pecora Files,” meticulously detailing the rampant financial fraud that has been poisoning our economy for the last century, and?what is to be done?about it.? “The Con” took a simple but revolutionary approach to explaining the epidemic of elite fraud driving the great financial crisis of 2007-2008. The New Untouchables presents the heroes, one at a time, who sought to prevent it and hold the elite predators accountable. New episodes every Sunday 8pm ET / 5pm PT View the trailer, then scroll down to binge the latest episodes!
SBA Extends Deferment Period for all COVID-19 EIDL and Other Disaster Loans until 2022

Articles Updated 031421
Washington, March 12, 2021 (GLOBE NEWSWIRE) -- The U.S. Small Business Administration announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. All SBA disaster loans made in calendar year 2020, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 24-months from the date of the note.
DannLaw Covid-19 Update 13

Articles Updated 030721
A lot has changed since we posted our last update. A new president is in the White House, mortgage forbearance programs and foreclosure moratoriums have been extended by the federal government, a $1.9 trillion stimulus package is working its way through Congress, millions of Americans have been vaccinated against the coronavirus and the entire U.S. population may be inoculated by early summer. For the first time in a very long time, there is light at the end of the COVID tunnel. Unfortunately, that light could become an oncoming train for homeowners who make unwise or incorrect decisions when forbearance and foreclosure relief programs sunset in the months ahead.
Justice Dept. to appeal judge’s order on eviction moratorium

Articles Updated 022821
The Justice Department said Saturday it will appeal a judge’s ruling that found the federal government’s eviction moratorium was unconstitutional.
Why Fraud Charges Keep Getting Kicked Out by the Courts

Articles Updated 022121
This is tricky. I have often had complaints dismissed because I didn’t make it over the threshold requirements for surviving a motion that attacks the elements of fraud. So in answer to many questions posed to me, the main reasons why fraud allegations are ignored or dismissed are as follows:
THE CON: The American Dream Dies Where Power Lies

Articles Updated 021421
In the wake of the 2008 financial crisis, filmmaker Eric Vaughan was approached by his friend and colleague, Patrick Lovell, one of nearly 10 million Americans who lost their home in the crisis, with a simple question: how did this happen? Thus began their nearly 10 year journey of making THE CON, a five-part documentary series and in-depth investigation into the origins and aftermath of “the largest criminal conspiracy in American history.”
13 Questions: Here is what the OCC said should be minimum operating standards for “servicers”

Articles Updated 020721
On April 19, 2013, the Office of the Comptroller of the Currency (OCC) published “Operating standards for scheduled foreclosure sales.” This was about 5 years after public recognition of the mortgage meltdown, and 1 year after the infamous 50-state settlement.
FHFA’s Foreclosure Prevention and Refinance Activity Report

Articles Updated 013121
The Federal Housing Finance Agency (FHFA) released the Federal Property Manager’s 21-page Foreclosure Prevention, Refinance Report for October 2020. The full document details the entire month, but here are some highlights.
CDC Director Will Extend Federal Eviction Moratorium Until March 31.Centers for Disease Control and Prevention Director Rochelle Walensky announced Wednesday that she will extend the federal eviction moratorium until at least March 31.

Articles Updated 012421
As Massachusetts experiments with expanded monetary and legal assistance to prevent evictions during the pandemic, the Biden administration is making eviction policy a central part of his early executive actions to address what he described as an "almost unprecedented housing affordability crisis."
Black Americans suffered the most under Trump-era consumer-protection agency, study finds

Articles Updated 011721
Elizabeth Warren tells MarketWatch: ‘For several years, the Trump administration has undermined the CFPB, tossing out important consumer protections and refusing to enforce the law, often at the expense of Black and brown Americans and low-income communities…’
When Do CARES Act Forbearance Rights and Foreclosure Moratoriums End?

Articles Updated 011021
The March 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains a number of provisions that help borrowers with federally backed mortgage loans. Among these are forbearance protections for borrowers with single-family loans and multifamily loans. However, only one of the forbearance provisions has a clearly defined period when the rights are available. As detailed below, the various federal agencies are taking a piecemeal approach to forbearances, resulting in differing deadlines for different types of federally backed mortgages and lots of confusion for the servicers who have to implement the forbearance programs.
Millions face eviction, poverty as unemployment benefits expire while COVID-19 relief bill in limbo

Articles Updated 122720
Jo Marie Hernandez doesn’t know how she and her 4-year-old daughter will survive after her unemployment aid lapsed this weekend. Hernandez, who lives in Olean, New York, is on the brink of losing her home in days after she lost her job as a customer service associate at a gas station in the spring. Enduring prolonged unemployment, she's struggled to make ends meet and has nothing left in savings to keep her afloat. ”

Q3 Shows Signs of Effective Foreclosure Prevention Actions

Articles Updated 122020
The government-sponsored enterprises (GSEs) completed 539,451 foreclosure prevention actions during the third quarter of this year, according to new data from the Federal Housing Finance Agency (FHFA).”

Foreclosures May Be Subject to ‘Drastic Changes’ Next Year

Articles Updated 121320
In the latest episode of DS5’s Inside the Industry, we’re speaking with Elizabeth Squires, Director of Client Account Management at Safeguard Properties. She discusses the impact COVID-19 has had on the property preservation sector and foreclosure volumes. Squires also speaks about what challenges 2021 may bring. "Our issues in volume are subject to drastic changes, based on many external factors," Squires says about foreclosures next year.”

OCC Says JPMorgan Chase Has $29.1 Trillion of Custody Assets; That’s $8 Trillion More than the Assets of All Banks in the U.S.

Articles Updated 120620
On November 24 the Office of the Comptroller of the Currency (OCC) fined JPMorgan Chase $250 million for wrongdoing that was apparently too deplorable to be spoken out loud to the public. The specific details were cloaked in this phrase: “failure to maintain adequate internal controls and internal audit over its fiduciary business.”

Nearly 19 million Americans could lose their homes when eviction limits expire Dec. 31

Articles Updated 112920
Millions of Americans are in danger of losing their homes when federal and local limits on evictions expire at the end of the year, a growing body of research shows.

You’re on Notice: Alabama Court of Civil Appeals Bears Down on Foreclosure “Strict Compliance” in Barnes v. U.S. National Bank, No. 2180699.

Articles Updated 112220
Recently the Alabama Court of Civil Appeals held that a mortgagee’s notice of acceleration failed to strictly comply with the mortgage’s notice provisions when it informed the borrower only that she “may” have right to assert defenses against foreclosure, rather than apprising her that she had an affirmative right to bring an action against the mortgagee. This case serves as a cautionary tale for lenders and mortgage servicers who are considering foreclosure.

MFI-Miami Launches The New York COVID-19 Foreclosure Defense Hotline! Call Us At 888.737.6344

Articles Updated 111520
MFI-Miami has created the New York COVID-19 Foreclosure Defense Hotline. Is a mortgage servicer threatening you with foreclosure in New York during the current coronavirus pandemic? We can help. Call us at 888.737.6344. The coronavirus pandemic has put America is in a crisis. MFI-Miami is doing our part to help during these perilous times. Unfortunately, mortgage servicers don’t share our sentiment.


Articles Updated 110820
This just in or at least just brought to my attention. It is full frontal assault on the rule of law and the banks are trying to jam it through as a rule change to allow illegal foreclosures.

Foreclosure and your civil rights: A judge rules against you in spite of questionable land record documents … what to do next? (PART I)

Articles Updated 110120
The time at which a § 1983 claim accrues “is a question of federal law,” “conforming in general to common-law tort principles,” and is presumptively–but not always–“when the plaintiff has ‘a complete and present cause of action.'” Wallace v. Kato, 549 U.S. 384, 388 (2007); Manuel v. Joliet, U.S. Sup. Ct. No. 14-9496 (2017). — As cited in McDonough v. Smith, U.S. Sup. Ct. No. 18-485 (2019) This post is circumspect as to the discussion of the items postulated within the land record audit and forensics investigation conducted by the author and his team of researchers in Williamson County, Texas (2012-2013) and Osceola County, Florida (2013-2014), respectively.

Are We Headed for Another Foreclosure Crisis? 9 Housing Experts Share Their Predictions

Articles Updated 102520
Although the housing market is booming, high unemployment means millions of Americans are struggling to make mortgage payments. More than 2.3 million homeowners remain 90 or more days past due on their mortgages, but not in foreclosure, according to Black Knight, a mortgage analytics company. Foreclosure and eviction protections under the CARES Act have provided some relief for homeowners with distressed finances. But once forbearance protections run out, the biggest fear is there will be a repeat of the 2008 financial crisis.

Statute of Limitations Bars Lender’s Subsequent Action to Quiet Title Against Junior Lienholder Mistakenly Omitted from Initial Judicial Foreclosure Action

Articles Updated 101820
A recently issued opinion by the Court of Appeal, Fifth Appellate District tells a cautionary tale regarding a lender’s failure to name a junior lienholder in its initial judicial foreclosure action. In Cathleen Robin v. Al Crowell, — Cal.Rptr.3d —-, 2020 WL 5951506, plaintiffs sued defendant, a junior lienholder, for quiet title, having failed to name him in the initial judicial foreclosure action. Defendant raised the statute of limitations defense, but the trial court found in favor of plaintiffs. The court of appeal reversed, holding that the 60-year statute of limitations which the trial court applied only applied to a nonjudicial trustee’s sale, and the trial court could not exercise the trustee’s power of sale after the expiration of the statute of limitations on a judicial action to foreclose.

Demonstrators In Boston Call For Extension Of Mass. Eviction And Foreclosure Moratorium

Articles Updated 101120
BOSTON (CBS/AP) — Tenants and homeowners at risk of eviction and foreclosure held a rally on the Boston Common Sunday afternoon to press state lawmakers to take action to prevent what they describe as a looming statewide eviction crisis. The rally called for the passage of a comprehensive eviction prevention measure intended to help stabilize renters, homeowners, and small landlords for a year as Massachusetts weathers the ongoing COVID-19 crisis. The event is part of a series of actions across the commonwealth in support of the Guaranteed Housing Stability bill leading up to the expiration Massachusetts’ eviction and foreclosure moratorium, which is set to end on Oct. 17.

How to avoid foreclosure if you're in mortgage forbearance during COVID-19 pandemic

Articles Updated 100420
CHICAGO -- You may be one of about 3.5 million Americans already in a forbearance on your mortgage, but what if you need an extension? Or what if you want to start paying again?


Articles Updated 092720
The lack of trust in America’s justice system … Anyone who has kept a pulse on the tide of foreclosures that swept through America between 2009 and 2015 can easily understand where the mindset the author is about to describe is coming from. Sadly, if you’ve ever been to a “rocket docket” in Miami-Dade County, Florida, you know exactly WHY folks have little faith in the justice system.

Million mortgage borrowers fall through coronavirus safety net

Articles Updated 092020
WASHINGTON—About one million homeowners have fallen through the safety net Congress set up early in the coronavirus pandemic to protect borrowers from losing their homes, according to industry data, potentially leaving them vulnerable to foreclosure and eviction. Homeowners with federally guaranteed mortgages can skip monthly payments for up to a year without penalty and make them up later.

Trump and Barr Unleash a “Lawfare” Assault on Democracy

Articles Updated 091320
I write primarily wearing my criminology and law “hats.” I study elite white-collar crime and corruption and I fought both pathologies as a (real) financial regulator. I helped train regulators and anti-corruption officials in Iceland, Ecuador, India, and Asia, so I also have substantial international experience. “Lawfare” is a word few Americans understand, but people in each of the other countries I mentioned have bitter experience with the pathology.

JPMorgan Chase’s Scheme To Steal Washington Mutual Mortgages Is Not Conjecture, It Can Be Proven.

Articles Updated 090620
After a decade of accumulating evidence involving “loans” originated and securitized by Washington Mutual Bank (WMB), the following points are now supported and can be proven with evidence:
  • The mortgages, deeds, and notes were never sold and transferred. Rather, there was the intent to have securitized the debts per the certificates without any documentation perfecting any interests in the alleged underlying assets.
  • No schedule of loans exists, or has ever been produced, identifying any specific WMB loan having been acquired by JPMorgan Chase via the Purchase & Assumption Agreement (PAA).
  • The FDIC now has its own databases identifying what WMB loans, if any, were in fact acquired and sold through the Receivership and the PAA. These databases have yet to provide any records for any WMB loan, or any responsive documents to show the servicing rights of any WMB loan having been sold to Chase.
  • The FDIC deemed all securitized loans sold by WMB prior to the Receivership as “isolated assets” outside of its reach. As such, the FDIC could not sell that which it never owned or acquired.
  • WMB admitted and disclosed as a business practice that no assignments would be prepared or recorded, and no endorsements would be placed upon the notes it was purporting to sell. This was deemed an “Unsafe & Unsound” business practice.
  • As outlined below, WMB admitted that is was going to “commingle collections on the mortgage loans with its own funds and may use the commingled funds for its own benefit.” (Per the FFIEC, this appears to be a tacit admission of “Mortgage Servicing Fraud.”)

Podcast: Attorney Tom Cox on How to Handle Mortgage Forbearances

Articles Updated 083020
Over the last 12 years, Maine attorney, Thomas Cox has changed how foreclosures happen… or don’t, in the state of Maine. He’s definitely one of the superstars from the last housing meltdown and he’s still representing consumers today. When it comes to problems with mortgages, Tom is as good as one gets.

DoubleLine's Shinoda explains what housing has now that it didn't during the last crisis

Articles Updated 082320
A housing market bolstered by low interest rates, government support and strong demand has stayed afloat despite expectations, even with the economy under siege from the coronavirus pandemic. In fact, real estate owners entered the COVID-19 outbreak better prepared than during the 2008 global financial crisis,

‘There’s going to be a lot of angry people.’ Despite Trump tweets, Americans still face weeks before more stimulus money arrives

Articles Updated 081620
President Donald Trump is “ready to send” more coronavirus stimulus money. But it remains unclear if that is enough to move stalled Congressional negotiations forward so that Americans can see more money in their pockets.

In Executive Actions, Trump Extends Some Unemployment Benefits, Defers Payroll Taxes

Articles Updated 080920
At his Bedminster, N.J., golf resort on Saturday, President Trump signed four executive actions to provide economic relief amid the coronavirus pandemic. The actions amount to a stopgap measure, after failing to secure an agreement with Congress. The three memorandums and one executive order call for extending some enhanced unemployment benefits, taking steps to stop evictions, continuing the suspension of student loan repayments and deferring payroll taxes.

Stimulus Package Not 'Imminent,' As Bipartisan Talks Roll Into Next Week

Articles Updated 080220
With millions of Americans hoping for further stimulus checks and enhanced unemployment benefits, talks to secure a bipartisan agreement on further relief have been branded productive but are not near an agreement.

Kudlow says next round of coronavirus relief will include $1,200 checks and extension of eviction moratorium

Articles Updated 072620
Larry Kudlow, Trump's top economic advisor, said Sunday that the next round of coronavirus relief will include additional $1,200 checks to Americans as well as an extension of the federal eviction moratorium.

An eviction and foreclosure crisis is looming

Articles Updated 071920
An eviction and foreclosure crisis is looming Expect the economic situation to decay tremendously between now and fall 2020

Demand the Massachusetts Supreme Judicial Court Take Its Knee Off Our Necks!

Articles Updated 071220
MASS ALLIANCE AGAINST PREDATORY LENDING/BRING OUR WEALTH HOME started this petition to Chief Justice Ralph D. Gants Massachusetts Supreme Judicial Court/Mass SJC Rescind its decision denying court access to Alton King and all homeowners who were illegally foreclosed and made indigent.

Firm Defends The Use of Affidavits Filed By Borrowers Under G.L. c. 183, Section 5B

Articles Updated 070520
In recent years homeowners fighting foreclosure have sought to utilize G.L. c. 183, Section 5B to file Affidavits "to clarify the state of title". G.L. c. 183, Section 5B states as follows:

Are We in for Another Housing Crisis?

Articles Updated 062820
Tuck professor Brian Melzer looks at the similarities and differences between the 2008 World Financial Crisis and the economic shock of the Covid-19 pandemic.

Mitch McConnell fails tenants, struggling landlords. Everybody, really | Editorial

Articles Updated 062120
In New Jersey cities, many thousands of families will soon be homeless, once the governor lifts his moratorium on evictions during the pandemic. Some are already being evicted, illegally. Yet even a decent landlord is in an impossible situation without federal help. And Mitch McConnell is standing in the way.

The Looming Bank Collapse

Articles Updated 061420
After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses. All of these factors are serious and could mire the United States in a deep, prolonged recession. But there’s another threat to the economy, too. It lurks on the balance sheets of the big banks

Covid-19 State Foreclosure Moratoriums and Stays

Articles Updated 060320
The following are summaries of actions certain states have taken in response to the Covid-19 crisis to limit home foreclosures. The list may not be complete, as state and local governments continue to adopt new emergency measures at a fast pace.

Goldman Sachs’ Mortgage Relief Involves Relieving You Of Your Mortgage By Relieving You Of Your House

Articles Updated 052420
Like every other bank on earth, Goldman Sachs had to settle allegations that it helped create the last global financial crisis by wrapping up the mortgage equivalent of literal excrement in gold and getting them proclaimed triple-A before selling them on to investors.

Whistleblower: Wall Street Has Engaged in Widespread Manipulation of Mortgage Funds

Articles Updated 051720
Securities that contain loans for properties like hotels and office buildings have inflated profits, the whistleblower claims. As the pandemic hammers the economy, that could increase the chances of another mortgage collapse.

The Bailout Is Working — for the Rich

Articles Updated 051020
The economy is in free fall but Wall Street is thriving, and stocks of big private equity firms are soaring dramatically higher. That tells you who investors think is the real beneficiary of the federal government’s massive rescue efforts.

Opinion: Avoid a housing crisis in the wake of COVID-19

Articles Updated 050320
Opinion: Avoid a housing crisis in the wake of COVID-19 Prohibiting foreclosure and eviction actions temporarily is merely a stop-gap that does nothing to protect families in preserving their housing into the future. These federal and state laws have fallen short of fixing the potentially irreversible consequences of missing mortgage and rent payments. The federal government should adopt a Mortgage and Rent Payment Protection Program (“MRPPP”) where consumers can quickly apply for an unsecured loan for up to three times their monthly mortgage payment amount or three times their monthly rent payment amount. The loan would be interest free and paid back over 60-72 months.

Homeowners: You have options for your mortgage during the pandemic, but you might not get the full story

Articles Updated 042620
Most out-of-work homeowners frightened by the thought of suspending their mortgage payments can rest easy. Regardless of what their mortgage servicer tells them, the 70% of borrowers with federally backed loans won’t be on the hook to repay those missed payments all at once at the end.

Massachusetts lawmakers pass ban on evictions, foreclosures during coronavirus crisis

Articles Updated 041920
Massachusetts lawmakers have sent to Republican Gov. Charlie Baker a bill they say would provide a safety net for renters, homeowners, and small businesses grappling with the economic fallout of the coronavirus state or emergency. The legislation approved Friday prohibits all non-essential evictions and foreclosures and provides mortgage borrowers with forbearance options and protects tenants from late fees.

Huge Congratulations to everyone! Friends, In a historic piece of legislation signed yesterday by the Governor, we now have a blanket Moratorium on all foreclosures and evictions throughout the commonwealth, -except where the occupant has committed a criminal act that endangered others. This appears to be for 120 days or 45 days after the governor declares the crisis over. Please check the homepage for Mass Alliance Against Predatory Lending -, for an analysis of the bill; hopefully by the end of tonight. Not only if you made phone calls and talked to our legislators on this round of the fight - - getting a Moratorium on evictions and foreclosures; but if you were part of our effort when we filed legislation for a Moratorium on foreclosures over a year ago, and then we provided the argument and the evidence to the legislators: this was a key building block in getting this to be part of this bill. In fact, think back to every time that you stepped through the shame and: …. you told your story to somebody else, especially if you told that story to an elected official or someone else in a position of power. ….every time that you backed somebody and that story got into the newspaper or on Facebook. ….every time you stood up for each other in court. ….and all of the efforts that led finally to the filing and hearing of the Adjartey & Hilton cases at the Massachusetts Supreme Judicial Court in December of 2018. This Moratorium belongs to each and every one of you, because each of these efforts - which created a context.. So that now, when our society was forced for very unfortunate reasons, to have-to face that a home is indeed as precious as our Constitution reads as it does; and through each of these efforts, we have enough educated Massachusetts legislators to do the right thing! Thank you!~ Some specifics from the new law: The eviction cases are stopped in Court, but also, constables are specifically not allowed to serve eviction orders! The foreclosures, both judicial and non-judicial, including explicit steps, like advertising of an auction sale, have been stopped! Yet, we know, the bank's agents' break every other law. BE ON THE LOOKOUT AND TELL US IMMEDIATELY! I am looking forward to hearing from each and every one of of you, about how you want to try to work on your case; and how you will pay it forward at this time. Lori Cairns Organizer, WAFT (Worcester Anti-Foreclosure Team)
Gov. Baker wants a bill banning evictions and foreclosures by next week

Articles Updated 041220
BOSTON —Gov. Charlie Baker hopes lawmakers can resolve differences and send him a viable bill pausing all eviction and foreclosure proceedings statewide by next week, he said Saturday while touting aid that will flow to undocumented immigrants who are ineligible for unemployment benefits.

REPOST EVERYWHERE Massachusetts Alliance Against Predatory Lending MAAPL: 3 Calls NOW!: Monday, April 6th Massachusetts Senate must Correct AND Pass Emergency Moratorium on Foreclosures & Evictions Bill Your voice gets results! Call your state Senator. Ask them to get critical changes into the Foreclosure & Eviction Moratorium bill! When the Massachusetts House of Representatives passed its own bill late last week— it deleted crucial enforcement language; misrepresented whom you pay the mortgage to.... and allowed too broad exemptions from eviction stoppage. We all know just how "creative" the Financial Industry gets to take our homes away. Don’t leave them any loopholes. Ask your Senator to make critical changes and vote to protect our homes now! Here’s what you do: If you don’t know who your senator is, go to Type in your address. It will tell you whom your elected officials are and their phone numbers. What do I say? [Leave a message if no one answers the phone]: “Hello, my name is . I live in name of your town. Please make critical changes to the Foreclosure & Eviction Moratorium legislation and then pass it as quick as possible! Your Senate bill must: • Include Enforcement of Stoppage of Foreclosures and Evictions; • Correct too Broad exemptions and Process for Collecting on a Note; • Stop every step of the state’s non-judicial foreclosure process; • Provide for Notification of Authorities at each of those steps. For details, see the email correspondence the Massachusetts Alliance Against Predatory Lending sent you. Please, as my Senator, will you protect our homes during this COVID-19 emergency? Thank you.” Please also Call: • the Senate President’s Office, President Spilka, (617) 722-1640 • The Senate Ways & Means Committee Chair, Senator Rodrigues (617) 722-1114 When you have finished the call, e-mail Grace Ross, MAAPL coordinator. Tell her who your senator is and that you asked them to get crucial foreclosure protections in the Senate Moratorium bill: A coalition of local and state-wide organizations working together to reverse the foreclosure crisis. MAAPL.INFO MAAPL – The Massachusetts Alliance Against Predatory Lending A coalition of local and state-wide organizations working together to reverse the foreclosure crisis.
Unsanitized: How People Seeking Bankruptcy Will Suffer in the Pandemic

Articles Updated 040520
Max Gardner is one of America’s great bankruptcy attorneys. For years, he’s been running a “bankruptcy boot camp” for his fellow attorneys, in his wooded redoubt in the hills of North Carolina. Normally the event has a few dozen lawyers. He did his first webinar boot camp about a week ago: 776 attorneys signed up. “I really fear something worse than the Great Depression,” Gardner told me. “Every system is going to be overwhelmed.”

DannLaw Update on Covid-19 CARES Act passed by Congress and signed by the President

Articles Updated 032920
I’ve been involved in politics and government for over 40 years and I can say definitively that I have not seen legislation that offers as much direct and immediate relief to distressed consumers, borrowers, small business owners and tenants as the Covid-19 stimulus package, known as the CARES Act that Congress passed on Friday, March 27. You can read an analysis of the bill here. You can read the legislation in its entirety here. While I’m generally pleased with the CARES Act, I do have two concerns:

COVID-19 Update, March 20, 2020

Articles Updated 032120
Information regarding Foreclosure Stays or Prohibitions What is True: Today the Federal Government announced that no foreclosures will proceed in the next 60 days on loans that are insured by the Federal Housing Administration (FHA) or that are owned by Freddie Mac or Fannie Mae. While that covers a lot of loans most people don’t know the name of the owner or insurer of their loan, they only know the name of the company that collects the payments or servicer of their loan.

There is no bank

Articles Updated 031120
Foreclosures are based on illusion. If the debt is subject to claims of securitization there is no bank — by definition. That’s not an opinion. It is a fact. As soon as you allow use of that word “Bank” you are adding to the illusion that you owe money to a bank. You don’t. Refer instead to “the claimant” or, if you must, to “the trust”.

Foreclosure Scams Work Both Ways

Articles Updated 030520
It’s true that most foreclosures are scams designed to obtain revenue instead of paying off a debt. But it is also true that there are many who pray upon the desperation of distressed homeowners who frankly are so emotionally overwrought that they are not thinking straight.

What Questions Should I Be Asking?

Articles Updated 022720
Why is everyone using your name in foreclosures? A client who is pursuing an action against Bank of New York Mellon is properly refusing to admit or acknowledge that a trust exists and even if it does whether the trust has ever owned the debt — because without the debt a conveyance of an interest in the mortgage or deed of trust is void ab initio.

Homeowners Join Class Action Lawsuit Against Roxbury Based BlueHub Capital Alleging Predatory Lending Practices

Articles Updated 021920
A group of 14 homeowners filed a class-action suit in Massachusetts Superior Court Friday against a Roxbury based non-profit, alleging that they are the victims of predatory lending practices while facing foreclosure or financial hardship. The lawsuit, financed by the Neighborhood Assistance Corporation of America (NACA) was hand delivered to the offices of BlueHub Capital — formerly Boston Community Capital — and several of the homeowners allegedly victimized by its practices. Bruce Marks, NACA's founder and CEO, represents the homeowners who joined the lawsuit, and turned to BlueHub Capitol for assistance.

Fed Chair Tells Congress There Is a 10-Year “Game Plan” to Deal with Financial Crisis But No Plan to Deal with Americans Left Devastated By It

Articles Updated 021320
During his testimony to the Senate Banking Committee yesterday, Federal Reserve Chairman Jerome Powell let it slip out, for the first time, that the Federal Reserve has had a 10-year game plan to deal with the financial crisis.

CFPB Director Provides Update on Protection Practices

Articles Updated 020620
CFPB Director Provides Update on Protection Practices In the Consumer Financial Protection Bureau’s (CFPB) semiannual report to Congress, CFPB Director Kathleen Kranginger outlined the Bureau’s focus and advancements. According to Kraninger, she is focusing on two areas: “encouraging saving and unleashing innovation wherever appropriate and possible,” with the focus on giving power to consumers when choosing financial products.

Wells Fargo Borrowers Win Cert. In Foreclosure Suit
Wells Fargo Borrowers Win Cert. In Foreclosure Suit Case Link
Articles Updated 013020
A California federal judge has certified a nationwide class of Wells Fargo mortgage borrowers who say the bank breached its contract by denying them home loan modifications, while excluding proposed subclasses of borrowers bringing consumer protection, wrongful foreclosure and emotional distress claims.

In partially granting the certification bid Wednesday, U.S. District Judge William Alsup approved a class definition that encompasses Wells Fargo mortgage borrowers who qualified for a home loan modification between 2010 and 2018 but were not offered it due to a software glitch and whose homes were later foreclosed upon."

What Happened To All The Homes Lost During The Foreclosure Crisis?
Articles Updated 012420
After the Great Recession, hundreds of thousands of families lost their homes — but those houses and apartments didn’t disappear into thin air. Journalist Aaron Glantz studied what happened after the crash for his book: "Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream."

Repo Securities: Where is the value paid for the debt?
Articles Updated 011420
Hidden far away from public view and mainstream media is an enormous fight over who should suffer what loss over the labyrinth of defaults in the “mortgage bonds” also known as “mortgage backed certificates.” Within this fight it is clear that current law is simply nonexistent and ineffectual in achieving a legal or just result. It is the investors and borrowers who are consistently left out in the cold.

Cuomo Signs Bill Strengthening Court Protections For People Facing Foreclosures
Articles Updated 010520
After months of intensive lobbying by lawmakers and attorneys, Governor Andrew Cuomo late last month signed a bill (A.5619/S.5160) into law will protect defendants in foreclosure court from a legal loop-hole in regards to raising the defense of “standing.”

Wall Street On Parade’s
Ongoing Series on the Federal Reserve’s
2019 Bailout of Wall Street

Articles Updated 122419
(Latest articles appear first.) New York Fed Plans to Throw $2.93 Trillion at Wall Street’s Trading Houses Over Next Month as New York Times Remains Silent...

Bankers Are Playing With Fire, Once Again
Articles Updated 121719
In an interview, ex-FDIC chief Sheila Bair says weakening the post-crisis rules is wrongheaded and that a Monte Paschi-type event could happen again.

The repo market is ‘broken’ and Fed injections are not a lasting solution, market pros warn
Articles Updated 120419
The Federal Reserve’s ongoing efforts to shore up the short-term “repo” lending markets have begun to rattle some market experts. The New York Federal Reserve has spent hundreds of billions of dollars to keep credit flowing through short term money markets since mid-September when a shortage of liquidity caused a spike in overnight borrowing rates. But as the Fed’s interventions have entered a third month, concerns about the market’s dependence on its daily doses of liquidity have grown.

Stonehedge challenges foreclosure; hotel still taking reservations
Articles Updated 112819
TYNGSBORO — With just a week before the Stonehedge Hotel and Spa is set to go up for foreclosure auction, the hotel’s owner is taking the mortgage lender, Lowell Five Bank, to court. Boston East Tyngsboro Holdings, LLC, the hotel’s parent corporation, filed a motion in Middlesex County Superior Court on Wednesday asking for a preliminary injunction to prevent the auction from going forward. The company also filed a civil complaint against the bank seeking damages and injunctive relief related to “breach of contract, unjust enrichment, breach of covenant of good faith and fair dealing, tortious interference with contract” and violations of consumer-protection laws under Massachusetts General Laws 93A.

Appellate Court Tells CitiMortgage It Can’t Force “Repurchase” Of What No Longer Exists
Articles Updated 112019
A recent decision by the United States Court of Appeals for the Eighth Circuit offers some vindication for mortgage companies still facing “repurchase” demands made by the banks to which they sold residential mortgages in the years leading up to the financial crisis

Army vet sues mortgage lender to stop foreclosure on East Lynn farm
Articles Updated 111419
WAYNE – A U.S. Army Iraq War Veteran is suing Carrington Mortgage over allegations it refused to offer him mortgage loan assistance and filed for foreclosure on his East Lynn farm where he and his son live after his estranged wife emptied their bank account.
Travis Blankenship filed a complaint in Wayne Circuit Court against Carrington Mortgage Services LLC alleging illegal debt collection, misrepresentations in debt collection, unconscionable conduct in debt collection and breach of contract.

Capitalism is Not Failing
Articles Updated 110519
Citing “capitalism” as a defense no assassin would be set free because he killed for money. Nobody in their right mind would accept a defense of capitalism for someone who robbed, poisoned, shot, stabbed, or stole from a person or company if the defense was “I did it for the money.” That’s not capitalism. It’s robbery, assault, murder or theft.

Ocwen is a Sham Designed To Be Thrown Under the Bus by Institutional “Investors”
Articles Updated 102819
The bottom line is that Ocwen really serves only one primary purpose: to be a front for investment banks that are still taking everyone to the cleaners. It is effectively owned and operated by the investment banks.

Update on MERS
Articles Updated 101719
Just assume that everything is a fiction and none of it is real. Then set out to create the inference against the use of key legal presumptions necessary for the foreclosure mill to establish a prima facie case. Those presumptions lead to conclusions that are contrary to facts in the real world.

Fed’s Powell Admits a Bigger Bailout for Wall Street Is Coming; Fed’s Balance Sheet Ballooned by $176 Billion Since September
Articles Updated 100919
Yesterday, at a speaking event in Denver at the National Association of Business Economists, Federal Reserve Chairman Jerome Powell acknowledged that a larger, long-term bailout of Wall Street is coming.

Articles Updated 100219
And this is why we’ve been telling you to look more closely at assignments of mortgage and deeds of trust. It appears the Maine Supremes decided Beal Bank wasn’t entitled to an Assignment of Mortgage by a defunct lender, New Century Mortgage Corporation.

A Home Stolen (in 15 minutes)
Articles Updated 0902619
It’s not surprising that the mainstream media has ignored the on-going repercussions of the foreclosure crisis; that apocalyptic displacement of millions of homeowners following the 2008 meltdown. It’s not surprising that there seems to be no acknowledgement among the current stable of Democratic Presidential hopefuls — with the notable exception of Bernie Sanders — that justice delayed is justice denied.

Where Legal Fiction Triumphs Over Fact and Money
Articles Updated 0901919
This is perfect example of what I have been talking about. The article raises legal points that are entirely correct. But it begs the question — who actually owned the debt by virtue of having paid money for it?

Articles Updated 0901219
The Consumer Financial Protection Bureau (“CFPB”) has all but wiped out Certified Forensic Loan Auditors in California in the filing of a Complaint for Permanent and Injunctive Relief.

The surprising ways foreclosures make housing-market downturns even worse
Articles Updated 090419
Foreclosures caused by a burst housing bubble have many long-term consequences for the housing market. Researchers have an unusual suggestion for how government officials can counteract the bad effects of a housing bubble. A new working paper authored by researchers at Boston University and Stanford University investigates the ways in which foreclosures exacerbate a housing bust and reduce prices for non-distressed homes. The researchers also investigated foreclosure mitigation approaches and proposed a novel way through which government officials could stem the onset of future housing downturns.

Verdict for Tampa Homeowner!
Articles Updated 083119
On June 25, 2019, we tried a foreclosure case in circuit court on behalf of a Hillsborough County homeowner. The bench trial resulted in the Court granting our motion for an involuntary dismissal of the foreclosure action.

How to present the defense in foreclosure
Articles Updated 082419
As we all continue to fight what we know are wrongful foreclosures we struggle with how to reveal that to a judge in a way that is so compelling that even the most bank biased judge will feel so uncomfortable with the proof that he or she is compelled to rule for the homeowner.

Law Firm Admits Absence of Creditor
Articles Updated 081719
Hat Tip Bill Paatalo You are right, Bill. You can’t make this stuff up. But somehow judges still don’t want to believe it. How can you be attorney in fact for a nonexistent entity? law-firm-finally-admits-the-absence-of-any-mortgagee.

Chase-WAMU: Is it time to Declare Non Judicial Foreclosure Unconstitutional As Applied?
Articles Updated 081019
Faced with a notice of foreclosure sale from a company claiming to be the trustee on a deed of trust, homeowners in judicial states.

How Trump’s Political Appointees Overruled Tougher Settlements With Big Banks
Articles Updated 080319
After talks with well-connected lawyers for Barclays and Royal Bank of Scotland, senior Justice Department officials in Washington last year told career prosecutors who’d been investigating the banks’ misdeeds to settle for less than they wanted.

Guest Oped: A decade after the 2008 foreclosure crisis, Northwest Philadelphia is fighting back
Articles Updated 072619
Philadelphia was hit hard by the Great Recession of 2008. According to a report from the Pew Charitable Trusts, Philadelphia experienced the second-largest decline in homeownership of the nation’s 30 largest cities

Action Alert – Day of Hearings for MAAPL’s Bills on 7/16/19
Articles Updated 071319
It’s Time to Make Your Voice Heard!!!
Testify in Support of MAAPL’s Anti-Foreclosure Bills
Tuesday, July 16?th
Massachusetts State House, Room A1
Beacon Hill, Boston

Articles Updated 070419
No further words needed… She finally succumbed to the big “C” but never relented in her struggle with Bank of America. Susan’s fighting spirit — and her grace — will be her legacy; something Bank of America will never take away from her.

Expert: Quick closings sound great for consumers, but are they really?
Articles Updated 062419
A 10-minute closing may sound like it’s great for the borrower, but one expert questions if the consumer would really benefit from faster closings.

Sanction Awards to Miami Attorney Bruce Jacobs Could Help City Establish Affordable Housing Fund.
Articles Updated 061919
City of Miami officials have partnered with one of Miami’s most outspoken foreclosure defense litigators to establish a novel method of adding affordable housing to the city.

Veira v PennyMac and JPM Chase 4th DCA Finds What Everyone has Known all along — that PennyMac never has standing and Chase, most of the time, doesn’t have standing.
Articles Updated 061119
Another case showing shifting attitudes toward illegal foreclosures. At the trial level there have been many such decisions, some with an expanded finding of fact showing that the foreclosure was a sham.

How the loan was sold multiple times.
Articles Updated 060419
THE CLAIM FOR HOMEOWNER ROYALTIES It is like any hedge contract. The buyer of the hedge contract is the investment bank, sometimes working through sham conduits.

CFPB settles with BSI Financial Services over numerous mortgage servicing issues
Articles Updated 052919
CFPB accused BSI of improperly handling mortgage servicing transfers.

Did Ben Carson just mistake an REO for an Oreo?
Articles Updated 052319
WASHINGTON — Secretary of Housing and Urban Development Ben Carson appeared to be unaware of a basic housing term during a hearing Tuesday, confusing "real estate owned," or REO, with an Oreo cookie.

The Big Hoax: Are “Sales” of “Loans” and “Servicing” Real?
Articles Updated 051419
References to sales of loans and servicing rights are usually merely false assertions to distract homeowners and lawyers from looking at what is really happened. By accepting the premise that the loan was sold you are accepting that the loan was (a) real and (b) owned by the party who was designated to appear as a “Seller.”

Republicans move to abolish CFPB
Articles Updated 050719
If a handful of Republicans in the Senate have their way, the Consumer Financial Protection Bureau will not exist for much longer, as for at least the third time in the last few years, Republicans are trying to kill the CFPB.

MERS owner, Intercontinental Exchange, is buying Simplifile for $335 million
Articles Updated 050119
MERS owner, Intercontinental Exchange, is buying Simplifile for $335 million ICE is the parent company of the New York Stock Exchange and is also a provider of data and listings services, and the company bought MERS last year. And now, ICE is buying Simplifile, which operates one of the largest networks connecting the agents and jurisdictions that underpin residential mortgage records.

Does Sending an FDCPA Validation Request Stop Foreclosure? Yes, Says One Court
Articles Updated 042319
Many debt collectors are engaged in foreclosure. And under the Fair Debt Collection Practices Act, debt collectors are required to stop collecting when a consumer sends a request for verification or validation of the debt.

C&E Strategy is the beginning of a successful attack on the claimed enforcement of a mortgage or deed of trust.
Articles Updated 041819
Attacks on technical deficiencies of assignments of mortgage is a great place to start, but it is not the finish line.

Miami-Dade Judge Rules Retroactive Provision in Florida's Foreclosure Law is Unconstitutional
Articles Updated 040619
Judge David Miller's wrote that the specific application of the Florida Fair Foreclosure Act—a 2013 law created in response to the housing crisis— to a case before him was at odds with the Florida Constitution.

Sherry Hernandez: Still Trying To Get Caught in the Revolving Door.
Articles Updated 032919
When I last left Sherry?—?a very unhappy California homeowner?—?she had just been arrested in Washington DC; literally, while trying to block the entrance to the vaunted white shoe law firm.

Wells Fargo Bank and the Glass-Steagall Act By TAMAR FRANKEL
Articles Updated 032619
The issues plaguing Wells Fargo and other banks bring to the fore the Glass-Steagall Act, which does not rest in peace. Its lessons surface and rise continuously; they are hard to ignore.

Turns Out That Trillion-Dollar Bailout Was, in Fact, Real
Articles Updated 031919
A Man Holds a Sign During a Protest On Wall Street Against the United States Government's Rescue Plan For Failing Financial Institutions in New York, 2008.

Stop Referring to Defaults as Something Real
Articles Updated 031119
Referring to the default as real, but with an explanation of how it is subject to rationalization or argument, completely undermines your argument that they have no right to be in court, to collect, to issue notices or initiate foreclosure.

Gary Dubin: Proposed Mortgage Integrity Act (MIA):
Articles Updated 030419
For ten years, Gary Dubin in Hawaii has been practicing law defending homeowners from foreclosure. He has preached his own version of how to combat foreclosure fraud. And he has practiced what he preached. I find his work enlightening and refreshing. So when I read his Proposed Mortgage Integrity Act (MIA) I decided to republish it in its entirety.

Enforcement of Note vs. Enforcement of Mortgage
Articles Updated 022519
Watch out for the discrepancy between enforcement of a note and enforcement of an encumbrance. Enforcement of the note requires proof that the claimant is the owner of the debt, or has been authorized by the owner of the debt to enforce the note. Enforcement of the mortgage requires that the claimant be the owner of the debt.

Can MERS Assign the Debt?
Articles Updated 021819
The answer is complicated. On its face and on its own the answer is obvious: since MERS never has any ownership of the debt or the note, it cannot transfer either one.

CFPB is looking out for financial predators instead of Main Street
Articles Updated 021219
To protect Main Street Americans — consumers, investors, homeowners, students, soldiers, retirees and the elderly — from predatory financial behavior and financial instability that can lead to devastating financial crashes like 2008, the Dodd-Frank law created the Consumer Financial Protection Bureau (CFPB).

Articles Updated 020519
This is an educational overview as to what has taken place in the American legal forums in the last two decades and my take on what it all means:

Rogue REMICs? 2016 Study Reveals Lack of Standing
Articles Updated 012919
I read a lot. I came across this article today published in 2016. Nobody has paid attention to it but as far as I can tell on first skim, the author has both coined the name “rogue REMIC” and described it well enough to come to a conclusion, to wit: everything about them is a scam and no legal standing exists with respect to them. I would only add that the author is incorrectly assuming that any securitization took place or if it was, as Adam Levitin coined the phrase, “Securitization Fail.”

MERS Is NOTHING — The Correct Translation of “MIN”
Articles Updated 011819
Without a contract in writing executed with the formalities required for transfer of interests in real property, it is highly probable that any instrument executed on behalf of MERS means nothing.

DannLaw files suit alleging Wells Fargo defrauded two borrowers who were wrongly denied home mortgage modifications
Articles Updated 010719
CLEVELAND, OHIO, UNITED STATES, January 7, 2019 / -- DannLaw attorneys today filed suit against Wells Fargo on behalf of two borrowers who lost their homes after the bank refused to grant mortgage loan modifications for which they qualified.

Nonprofit seeks to stem foreclosures in Baltimore
Articles Updated 122818
BlueHub Capital, the nonprofit organization I am honored to lead, has developed a proven strategy to help families devastated by foreclosures. We brought our program to Maryland to help hardworking families and communities still recovering from the housing crisis. BlueHub SUN negotiates with mortgage issuers to acquire properties before evictions occur.

Jacobs v Goliath: A Holiday Miracle (12-19-18)
Articles Updated 122018
Today’s show is about a Christmas, Chanukah and Kwanza miracle all wrapped up into one. After 10 years of fighting banks about fraudulent evidence, we finally broke through. JP Morgan Chase got caught using fake evidence at trial. We just settled with an agreement to strike the mortgage and settle the unclean hands allegations for a confidential amount. Grab some popcorn and listen in to this very special holiday miracle show.

I begged them for help: Wells Fargo foreclosure nightmare
Articles Updated 121218
Wells Fargo says a computer glitch is partly to blame for an New York (CNN Business)Foreclosures can be extremely painful events. Imagine finding out years later that it was all a big mistake. That's exactly what happened to Jeff and Eva Reiner. The couple turned to Wells Fargo (WFC), their mortgage servicer, for help making their payments after Eva, the family's breadwinner, was laid off by Verizon (VZ) in 2010.

Wells Fargo computer glitch blamed as hundreds lose their homes
Articles Updated 120418
Wells Fargo says a computer glitch is partly to blame for an error affecting an estimated 545 customers who lost their homes. The giant bank filed papers with the Securities and Exchange Commission last month, revealing it incorrectly denied 870 loan modification requests. About 60 percent of those homeowners went into foreclosure. Legislators, housing advocates, regulators and most importantly, the people who lost their homes – people like Jose Aguilar – are asking how this happened.

How to Follow the Money.
Articles Updated 112618
Ultimately all debts, notes and mortgages (or deeds of trust) are about money. They are not about property. The property is incidental to the deal and ONLY comes about if there is a dispute in which there is a claim that you didn’t pay money that is owed to the owner of the mortgage deed or the beneficial owner of a deed of trust.

11/20 - Give to the Team that pays it forward. WAFT seeking donations.
Articles Updated 111918
First as the recipient of our commitment to “Pay it Forward”, the information, love, commitment to justice and resources necessary for you to fight for your home and increasingly, our members are winning!

U.S. Sues UBS for Fraudulent Sales of RMBS But Still Manages to Get It Wrong
Articles Updated 111218
The bottom line is that the loans themselves were fatally defective in terms of the loan documents. The money was delivered but not by the named “lender” nor anyone in privity with the named lender.

Articles Updated 110518
ON THE CAMPAIGN trail, Donald Trump frequently pledged to “dismantle” the Dodd-Frank financial reforms passed in the wake of the 2008 financial crisis. On Wednesday, with the Federal Reserve’s release of a proposal to roll back capital and liquidity requirements, he caught his big whale.

Harvard just put more than 6 million court cases online to give legal AI a boost
Articles Updated 103118
After five years of work, nearly 6.5 million US court cases are now available to access for free online.

Articles Updated 102418
As promised, I bring you the latest relevant case from the Fifth U.S. Circuit Court of Appeals in the Big Easy. But wait … it wasn’t a “big easy” for the borrower, whose case I worked on long ago (in doing a chain of title assessment for) and whose assignments of deed of trust I use in my chain of title workshops to show “document manufacturing gone wrong”.

The Stunning Hypocrisy In Foreclosures: Scott Pelley Interviews Robo-Signer
Articles Updated 101718
In an eye-opening piece by 60 Minutes this week, Scott Pelley managed to actually interview robo-signers who had forged documents that allowed banks to foreclose on thousands of homes illegally. As we have discussed over the past few years, these document mills re-created the necessary documents that banks were too lazy to keep track of in the heyday of the housing bubble.

A Comeuppance For Bank Of America?
Articles Updated 101018
Susan Richardson, a Bank of America foreclosure victim, certainly hopes so. With bated breath she’s following a drama currently playing out in a California bankruptcy court.

Florida Foreclosure Help Coming Statewide, Oppenheim Law Says Go For It!
Articles Updated 100418
A new federally funded program is now accepting applications for mortgage assistance payments in Florida. The Florida Hardest-Hit program pays an applicant’s mortgage for up to six months to help them to focus on finding a job. There is a maximum, however, of $12,000. Also, the program will pay out up to $6,000 to bring loans current. If this seems meager, it is.

Press Release: Wrongly Foreclosed Petition to Not ALSO be Stripped of Right to Appeal
Articles Updated 092718
Today, September 25, 2018, twenty-one self-represented defendants fighting against the illegal foreclosure of their homes completed the filing and service of a petition to the Massachusetts Supreme Judicial Court, critical to the due process and appeal rights of the Inhabitants of Massachusetts under the state Constitution.

Progress Made, But Work Remains on Foreclosures, NJ Court Committee Says
Articles Updated 092018
"The recommendations set forth by this committee will further improve on efforts to resolve housing disputes in a fair and equitable manner that benefits homeowners, lenders and communities throughout New Jersey," said the chairman

The Recovery Threw the Middle-Class Dream Under a Benz
Articles Updated 091318
The Recovery Threw the Middle-Class Dream Under a Benz Once a year or so, the economist Diane Swonk ventures into the basement of her 1891 Victorian house outside Chicago.

The American Nightmare
Articles Updated 090518
The American Nightmare TEN YEARS AGO, THE ECONOMY WAS IMPLODING. In late 2017, we asked readers to tell us their foreclosure stories. More than 50 people responded. Over and over, they used the same word. Nightmare.

Why Does Wells Fargo Still Exist?
Articles Updated 082518
Wells Fargo executives know that everyone hates them. In the last two years, the bank has launched three separate marketing campaigns hoping to clean up its public image, only to see each effort thwarted by fresh, catastrophic scandals.

Homeowner using Wells Fargo glitch admission against them
Articles Updated 082118
Let the blowback begin. A New York homeowner last week fought back against the denial of a mortgage modification by Wells Fargo — using as a cudgel in the bitter spat the bank’s admission just weeks earlier that a computer glitch wrongly denied hundreds of customers home loan help.

Articles Updated 080618
PLAINTIFF ENGAGED IN UNCLEAN HANDS TRYING TO PROVE STANDING TO FORECLOSE Unclean Hands Re: the Purported Mortgage Loan Schedule for the Trust.

Articles Updated 072818
THERE’S A HOT new trend in Donald Trump’s Washington: the “Mulvaney discount.” After pausing enforcement work when Acting Director Mick Mulvaney took over.

Articles Updated 071918
ON THURSDAY, THE Senate Banking Committee heard from Kathy Kraninger, an official at the Office of Management and Budget with no background in financial regulation or consumer protection.

Articles Updated 071118
Most people really don’t completely understand our premise when we investigate, research, examine and analyze a case or case documents. We have several premises with which we start and check to to see if they apply. While the answer is short the work behind it is long and complicated.

Pay Attention! Look at the money trail AFTER the foreclosure sale
Articles Updated 070418
My confidence has never been higher that the handling of money after a foreclosure sale will reveal the fraudulent nature of most “foreclosures” initiated not on behalf of the owner of the debt but in spite of the the owner(s) of the debt.

Ibanez Redux - 10 Years Later, Wells Fargo Is Seeking To Take The LaRace Family Home Again on July 03, 2018
Articles Updated 062418
This Firm "cut its teeth" in its pro bono representation of the LaRace family before the Land Court, and in the National precedent setting case, U.S. Bank Nat'l Ass'n v. Ibanez 458 Mass. 637 (Mass SJC 2011). Indeed, the case has became to be known nationally as simply "Ibanez", or "the Ibanez case", or in Massachusetts as "the Ibanez problem." [relating to title to real property].

Trump's CFPB choice faces uphill battle — and that's part of the plan
Articles Updated 061818
President Trump has yet to formally name Kathy Kraninger as his choice to head the Consumer Financial Protection Bureau, but her nomination is already in trouble — and that may be just fine with the White House.

Wells Fargo isn’t the only bank with fake accounts, regulators say
Articles Updated 061218
Wells Fargo isn’t the only bank where heavy sales pressure led employees to open fake accounts. A federal review triggered by

Wall Street's Biggest Banks Must Be Broken Up
Articles Updated 060418
On Wednesday, Federal bank regulators proposed to allow Wall Street more freedom to make riskier bets with federally-insured bank deposits – such as the money in your checking and savings accounts.

Foreclosure May Be Invalid if There is No Authority for the Mortgage Servicer to Send Right-to-Cure Notice
Articles Updated 052918
The Massachusetts Supreme Judicial Court has entered a new decision explaining the requirements for a valid foreclosure. In the case of Eaton v. Fannie Mae,

Ohio Bankruptcy Court Strikes Down Mortgage, Imposes Six-Year Statute of Limitations
Articles Updated 052418
In summary, the plaintiff must be the holder of the note and mortgage with the right of enforcement of both instruments in order to bring a meritorious foreclosure action in Ohio.1 What is the statute of limitations for a foreclosure action in Ohio? Ohio law has two distinct statutes of limitation for enforcing notes and mortgages. The Ohio Supreme Court in Deutsche Bank Nat'l Trust Co. v. Holden ruled that an action to collect on a note is separate and distinct from an action to foreclose on a mortgage.

JOHNSON vs DEUTSCHE BANK TRUST COMPANY | FL 2DCA- the evidence of its standing as an owner or holder of the Johnsons’ promissory note was insufficient to sustain a summary judgment in its favor
Articles Updated 051718
KELI N. JOHNSON and THOMAS E. JOHNSON, Appellants, v. DEUTSCHE BANK NATIONAL TRUST COMPANY AMERICAS, as Trustee RALI 2007-QS1, Appellee. Case No. 2D16-4262.

Articles Updated 050918
Deutsche Bank said they were happy to settle with the Federal Reserve. Why is Deutsche Bank happy to settle?

Ocwen Failing? Who cares — they don’t do the “Servicing” anyway
Articles Updated 050118
For years I have been saying and writing about the fact that the apparent servicer actually does nothing. Ocwen’s source of data capture and maintenance has been

Elizabeth Warren To Consumer Chief: 'You Owe The Public Straight Answers'
Articles Updated 0429818
Sen. Elizabeth Warren sent a letter to the Trump administration's top consumer protection official late Thursday asking him whether he is doing the bidding of the industries he is supposed to be policing.

CFPB Interim Head Mick Mulvaney to Bankers: I Only Met with Lobbyists Who Gave Me Money
Articles Updated 0425818
The interim director of the Consumer Financial Protection Bureau, Mick Mulvaney, told a group of over 1,000 bankers and lobbyists that they should give more money in campaign contributions if they want to weaken the power of the Consumer Financial Protection Bureau

No Surprise: Ocwen & US Bank Hit by $3.8 Million Verdict in Chicago Federal Trial For Violations in Fake Foreclosure
Articles Updated 041618
This case shows that juries are still angry about the 2008 meltdown and that the entire burden was shifted to homeowners and taxpayers — who “bailed out” financial institutions that had no losses.

CFPB reportedly seeking $1 billion fine against Wells Fargo
Articles Updated 040918
Reuters reports fine would cover mortgage lending and auto insurance issues. Could Wells Fargo be facing a record fine from the Consumer Financial Protection Bureau?

MERSCORP and eOriginal debut eNote Solutions
Articles Updated 040418
On Wednesday, MERSCORP and eOriginal announced the launch of a new solution both companies say will enable originators to accelerate digital mortgage adoption.

U.S. Bank v Joseph
Articles Updated 033018
| American Veteran’s 12 year battle with bank ends with Appellate Court reversing the lower court and dismissing foreclosure as barred by the statute of limitations.

Articles Updated 032618
EUGENE, Ore. - The Ulino couple has been facing an interesting situation for four years now. In 2014 they began receiving letters and phone calls from United Security Financial claiming they owed them money in mortgage payments, but the couple claimed they'd never done business with the bank.

URGENT! Washington Homeowners Demand Governor Inslee reject Bill 2057 NOW!
Articles Updated 031918
The Washington State Legislature is one vote away from making changes to Bill 2057 that would be detrimental to homeowners.

Rally and Press Conference at Worcester County Courthouse on 3/12
Articles Updated 031218
Wronged Homeowners to Submit Video Proof of Criminal Fraud by Mega-Banks to Worcester District Attorney.

FLORIDA: To Defeat Bartram, One Must Defeat the Default Claim
Articles Updated 030718
I was rummaging through some recent cases when I found a case involving HSBC Bank USA, NA who was acting as a Trustee for a REMIC, which got me thinking.

FHA extends foreclosure moratorium for Puerto Rico, Virgin Islands hurricane victims
Articles Updated 030218
The Department of Housing and Urban Development announced this week that the Federal Housing Administration is extending the foreclosure moratorium for Hurricane Maria victims in Puerto Rico and the U.S. Virgin Islands..

Sacramento sues Wells Fargo, says bank discriminated against black and Latino borrowers
Articles Updated 022718
The city of Sacramento has filed a federal lawsuit against Wells Fargo alleging the banking giant steers African American and Latino borrowers into high-risk and high-cost mortgages.

California Supreme Court Eliminates Lender Defense to Borrower Fraud Claims
Articles Updated 022218
On January 14, the California Supreme Court issued its opinion in Riverisland Cold Storage v. Fresno-Madera Production Credit Assn., which takes away a lender defense to borrower fraud claims and will therefore have a significant impact on all California lenders.

House approves changes to TRID rule, loan originator licensing rules
Articles Updated 021718
The House of Representatives last night approved a bill that could bring big changes to the mortgage industry, including making it easier for loan originators to move from a traditional bank to a nonbank.

CFPB funding slashed, enforcement authority reined in by Trump budget
Articles Updated 021218
Back in May 2017, President Donald Trump’s 2018 federal budget proposal put the Consumer Financial Protection Bureau in its crosshairs, recommending slashing the bureau’s budget to almost nothing as a method to rein in the seemingly negative impact of the CFPB on consumers.

BofA Judge Says ‘No Dice’ to Request to Vacate Scathing Ruling
Articles Updated 020718
A bankruptcy judge who slammed Bank of America Corp. for its treatment of a California couple over a foreclosure declined a request to tear up the scathing opinion, saying it was important “to name and to shame” the company in order to shed light on practices that affect consumers.

Action Alert: Help Move MAAPL’s Bills Forward—Call Your Legislator Today!
Your voice gets results! Call your State Representative and Senator, and ask them to Report MAAPL’s Bills Out of Committee before February 7th!Why? After the 7th, any bill still in committee goes nowhere!.

Did Mick Mulvaney just drastically change how the CFPB enforces fair lending laws?
Articles Updated 020218
The way the Consumer Financial Protection Bureau enforces fair lending laws could be about to significantly change after CFPB Acting Director Mick Mulvaney reportedly stripped the bureau’s Office of Fair Lending of its enforcement powers.

EDITORIAL: Amazingly, consumer protection bureau now has it in for consumers
Articles Updated 012918
Too bad there is no bureau to protect the Consumer Financial Protection Bureau....

Deutsch Bank National Trust Company Was Crushed in Texas in 2015. Why isn’t anyone listening?
When a judge looks carefully at the record, the bank loses. The use of Deutsch’s name in the style of the case still shows that Judges are considering the Plaintiff to be the named “Trustee” instead of the named (or named, which is frequently the case) Trust. In fact the Trustee has nothing to do with foreclosures. In this case the Judge wrote the following:

Action Alert: MAAPL Legislative Call-In Day Tuesday, Jan. 16th!
Your voice gets results! Call both your Representative & Senator at the State House. Ask them to support MAAPL’s Resolution Trust Fund & Mediation Alternative to Foreclosure bills: H3676 & S500/H550.

A Little Bit of Foreclosure Soap Won’t Wash Away Those Unclean Hands
“One who comes into equity must come with clean hands else all relief will be denied him regardless of merit of his claim and is not essential that act be a crime; it is enough that it be condemned by honest and reasonable men” Roberts v Roberts, 84 So.2d 717 (Fla. 1956)
It sounds almost biblical; a pronouncement from up high and a warning that those who crave riches must do so by ethical means: so-called “clean hands.”

Ocwen settlement-palooza sees $36 million going out, $30 million coming back in
Reaches settlement with CIT Bank, additional settlement on restated financials
It’s been a year of settlements for Ocwen Financial. For example, earlier this year, Ocwen reached a $223 million settlement with the California Department of Business Oversight, ridding itself of the restrictions that hampered its mortgage business in California for more than two years....

Hearing for Five MAAPL Bills on Tuesday, September 26th
On Tuesday, September 26th, five of MAAPL’s bills will have a hearing before the Judiciary committee of the MA legislature. Please come to the State House and support these bills!
The following bills will be heard:

Foreclosure Review Division of Superior Court (S903/H3059) Sponsors: Sen. McGee & Rep. Gonzalez Face Sheet on this Bill ( PDF ) This Bill establishes a statewide, specialized division of Superior Court to adjudicate all aspects of foreclosure-related cases, instead of the several courts that now have jurisdiction over one or another aspect of such cases. The Foreclosure Review Division will be empowered to clear title to foreclosed properties, both for those foreclosed and for third-party purchasers, and will provide online and other assistance to pro se litigants. It will free up regular court dockets and promote judicial economy.

Clarifying Municipal Authority (S884/H1115) Sponsors: Sen. Lesser, Sen. Chandler, Sen. McGee and Rep. Tosado Fact Sheet on this Bill ( PDF ) The bill clarifies that municipalities can continue to exercise their health and safety powers in service of their residents even in the context of this foreclosure crisis. Worcester successfully ran a groundbreaking cash bond program for over 5 years and Lynn showed that pre-foreclosure mediation can result in mutually agreed upon affordable loan modifications leading to avoidance of foreclosure in 97% of cases.

Preventing Unnecessary Vacancies (S841/H956) Sponsors: Sen. Eldridge and Rep. Sanchez Fact Sheet on this Bill ( PDF ) This Bill requires a commercial purchaser of a foreclosed home to rent it to the “foreclosed” homeowner until the property is sold to a new owner-occupant. The former owners become tenants paying the HUD fair market rent for their units. Post-foreclosure tenants can be evicted only for just cause.

Real Estate Title Protection Act (H3500) Sponsors: Rep. Moran and Rep. Mark Fact Sheet on this Bill ( PDF ) This Bill protects real estate titles; its provisions ensure, for instance, that the mortgagor (borrower) can always tell who owns the mortgage, and require the Mortgage Note to be returned to the mortgagor, marked “Paid in Full,” upon payoff. It requires Registries of Deeds to record each mortgage in the names of the real parties in interest, that is, the mortgagor and lender. It institutes deadlines for recording assignments of mortgage and foreclosure deeds. Protecting marketable title will bolster business creation by facilitating entrepreneurs’ mortgages on their own homes; these historically have provided up to 70% of the credit for new U.S. businesses.

Judicial Foreclosure (S763/H2349) Sponsors: Sen. Brady and Rep. Smizik Fact Sheet on this Bill ( PDF ) This Bill requires foreclosure of 1-4 family homes to be conducted through a court action. A party wishing to foreclose must provide the legal documentation to prove to a judge that it is the mortgage-holder before it forecloses. With our present non-judicial foreclosures, the burden is on a wronged homeowner to get a judge to order the foreclosing party to produce this evidence. Judicial Foreclosure will prevent foreclosures by those with no authority to foreclose, and prevent clouds on title presently created during non-judicial foreclosures.

CFPB Sues Ocwen for Failing Borrowers Throughout Mortgage Servicing Process
Mortgage Servicer’s Widespread Errors, Shortcuts, and Runarounds Cost Borrowers Money, Homes
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today sued one of the country’s largest nonbank mortgage loan servicers, Ocwen Financial Corporation, and its subsidiaries for failing borrowers at every stage of the mortgage servicing process...

Final push for $$ to re-instate homeowner right!
SO CLOSE! MAAPL is so close! We are within $2,630 of our $7,400* goal to complete the lawsuit preparations, challenge and stop the Homeowner Rights stripping law aka S2015. Please contribute to the Massachusetts Alliance Against Predatory Lending. MAAPL needed to break this powerful constitutional lawsuit into two pieces. The first, small lawsuit seeks to extend the deadline for homeowners to record to preserve their rights. This piece was successfully filed (see links to coverage at But Massachusetts Chapter 141 of the Laws of 2015 —S2015 itself— is completely unconstitutional! To challenge it and file that more fundamental suit in the Massachusetts Supreme Judicial Court, MAAPL must now raise the rest of the $7,400 to cover its separate filing fee and pay the lawyer who did the majority of the (fabulous) writing. We’re so close! We’re so excited! When foreclosed homeowners find out they can fight back, it is life-changing! The stories I’ve heard at our outreach clinics have been horrifying: one couple was pressured into a cash for keys deal when their brother had just been found dead in the house while trying to help them pack up! But we’ve also received profound thanks: seen people cry on someone’s shoulder in appreciation and then watched them walk out of the clinics with heads high, empowered to fight back. Affidavits filed at the registry have stopped sales of 3 homes already and one saved their court case which they won! We must challenge S2015 in Massachusetts Supreme Judicial Court. Will you donate $50 or what you are able to MAAPL now? Go to, look on home page, right hand column for our protected, PayPal donation site for our protected, PayPal donation site. Love, Grace *Special thanks to all of you who have contributed already!!! And special shout out to the Green-Rainbow Party for their additional solicitation! MAAPL – The Massachusetts Alliance Against Predatory Lending A coalition of local and state-wide organizations working together to reverse the foreclosure crisis. MAAPL.INFO

MAAPL Announces New Round of Legal Clinics
In the days leading up to the February 23, 2017 filing deadline to retain your 20 year right to challenge your foreclosure in court,
MAAPL is scheduling a series of Anti-Foreclosure Legal Clinics in key towns and cities across Massachusetts to help homeowners file their affidavits at their local Registry of Deeds.
What if thousands joined the fight and reversed the tide on the banks? Your getting the word out right now could make this a reality.
Mass Alliance Against Predatory Lending is in a massive push to reach the 77,000 who have been foreclosed (no doubt illegally) in Massachusetts.
1. That most foreclosures have been illegal and people can now fight and win.
2. They have 20 years after the foreclosure happened to rejoin the fight and get justice.
3. They have go to try to get to a clinic or get in touch with MAAPL right now.
The next deadline for protecting their rights is February 23, 2017. links to the clinics that have been scheduled across the state.
Those fighting foreclosure can also call in any Sunday night,
RIGHT NOW, we need you to be the arms and voices to reach folks who are alone, feeling isolated and ashamed.
Normally notification would be the responsibility of our Attorney General, but she hasn’t done it.
NOW we need you to make it a reality. These are the last of the clinics in Massachusetts!!!
  • Monday, Feb. 20th, 4-8pm: New Bedford, MA Anti-Foreclosure Clinic
  • Tuesday, Feb. 21st, 6:30-9pm: Franklin County Anti-Foreclosure Clinic
  • Wednesday, Feb. 22nd, 1:00-5:00 pm Roxbury, MA Anti-Foreclosure Clinic

Massachusetts Wrongful Foreclosures NEW DEADLINE 2/23/17 This is the Constitutional deadline date. No Court has ruled that the legislative deadline could substitute for the Constitutional one; we expect the SJC will agree with us on a deadline of Feb. 23, 2017. KEEP FILING at your Registry of Deeds to preserve your 20 years to reverse an illegal foreclosure!

Fraud: An American History from Barnum to Madoff
Not a moment too soon, Princeton University Press has just released Fraud: An American History from Barnum to Madoff by historian & Duke University Vice Provost Ed Balleisen.
State bill is concern for banks Measure is intended to protect borrowers in commercial transactions, but lenders voice opposition

Tennessee courts are no longer blindly accepting the “we have the Note, therefore we win” position consistently taken by the “banks” and servicers.

Wells Fargo ordered to pay $8 million in trust case
Wells Fargo Bank has been ordered to pay a Dallas woman more than $8 million by a state judge who concluded the bank defrauded her in serving as a trustee for a trust established when she was orphaned at age 7. On June 30, Tobolowsky ruled in favor of Militello’s claims that she had been cheated out of her funds. That amount includes more than $1.5 million in losses, $1 million for mental anguish, and $3.5 million in exemplary — or punitive — damages. The total also includes various amounts for interest, costs and nearly $500,000 in attorneys’ fees.

JPMorgan fined $136M for debt-collection practices
The CFPB alleged the bank illegally relied on robo-signing — signing mass quantities of documents without verifying the data in those accounts — and provided inaccurate information to third-party debt collectors when it sold the accounts. The bureau also said that Chase filed misleading lawsuits using inaccurate information to obtain debt collection judgments — on accounts that were paid off, discharged in bankruptcy, or otherwise were uncollectable.

We bailed you out, and now you want what!?!
Imagine how outrageous it would be if some Wall Street sharpies went to court to argue that they didn’t benefit enough from the bailouts and that taxpayers should pay them tens of billions of dollars more. In fact, they did. And, according to legal observers, they just might prevail.

Firm Wants Tom Ice Off Foreclosure Case
"While the bank claims that these were communications with its agent, it has produced nothing to show that coaxing witnesses to commit perjury was part of its agency agreement with Ocwen, Ice wrote in a May 28 response to Sokolof's motion; It's just trying to get even with us for letting the world know what they're doing. You can't protect future fraud on the court by way of attorney-client privilege."
UPDATE: Glaski and the WAMU Trust
Affidavit of THOMAS ADAMS
I note for the Court's benefit that a transfer to the Trust on June 11, 2009 is a legal impossibility for a number of reasons. I cannot conclude that this particular mortgage loan was ever owned by any of the parties. It is my opinion that this Trust does not own this mortgage loan. (This is why the banks do not want us questioning the trusts.)
UPDATE: We have posted Mains' Federal Complaint. Links to the complaint and his story are posted HERE
Mains lost in the trial court and the appellate court affirmed.
Judgment of foreclosure and confirmation of sale VACATED
Bank of America v. Russell
Though defendants’ November 15, 2012, motion seeking vacatur of the summary judgment was not filed within 30 days of that judgment, defendants’ challenge was not untimely. The final judgment in a mortgage foreclosure action is the order confirming the sale and ordering the distribution of proceeds. EMC Mortgage Corp. v. Kemp
Department of Justice seeks information concerning
Foreclosure Auction Bid-Rigging or Fraud

The mortgage industry in America is saturated in fraud from appraisals to the sale of foreclosed properties, especially properties seized though illegal foreclosure. In some cases, it appears local sheriffs, judges, foreclosure-mills and title companies are willfully participating in and profiting from the illegal activities surrounding these rigged auctions.
This Former Bank Regulator Quit His Job to Fight For His House
(This link takes you to our Daily News page where we have linked to the referenced cases from 2012/2013 demonstrating the complete securitization fail. Anyone who is arguing secuitization, should file these cases with the Court.)
The true ownership of millions of mortgages issued during the housing bubble was fatally corrupted, and now it's impossible to prove who actually legally controls those mortgages.
OCWEN Lawyer Spoon-Fed Questions and Answers
to Robo-Witnesses

Foreclosure defense attorney Thomas Ice said he's uncovered a script that was provided to Ocwen witnesses to crush homeowner defenses and allegations of robo-witnesses by financial services sector employees who have no first-hand knowledge of mortgage details.
Bank of America Nearly Gets NY Courts To Set Aside Over A Century Of Case Law
No Statute of Limitations on VOID Deed
Under our prior case law it is well-settled that a forged deed is void ab initio, meaning a legal nullity at its inception. As such, any encumbrance upon real property based on a forged deed is null and void. Therefore, the statute of limitations set forth in CPLR 213 (8) does not foreclose plaintiff's claim against defendant. As the Appellate Division affirmed the dismissal of plaintiff's claims as time-barred, we now reverse.
REFERENCED: ["(o)f course, there is no statute of limitations in respect to the challenge of a forged deed, which is void ab initio"]; The high court of West Virginia, for example, has observed that "there is no statute of limitations regarding void deeds"; "while the high court of Idaho held that " [b]ecause [a] lease agreement was void ab initio, it could be challenged at any time"
Texas Foreclosure-Mill Closes Down
All 700 employees let go.
Law firm of Butler and Hosch, P.A closes its doors overnight with a memo to employees on 5/14. Their website says that the firm provides “cradle to grave” service in all aspects of real estate and mortgage serving law (eviction, foreclosures, litigation, loss mitigation, REO, Title) since 1972 all under one roof.
Award and recognition: LPS Attorney Performance “Best in State” award for foreclosure and bankruptcy.
Additional information sent to MSFraud: A quote from an employee on Glass door: Pros “None to speak of at this point…Can list a whole laundry list of cons, nothing more to say… the company had gone under Cons “Everything about [firm] is a con…. (posted 5/14) Posted 5/13 Pros There is a lot of dating within the company pool; Cons “Disfunction junction. Ethics not a thing at [firm] “The problems with management are exacerbated by the problems with the off shore employees. Manilla employees speak almost zero English. Just enough to merge a pleading and fill in some blanks. There is no quality control and only one native English speaker in the entire Manilla office. And then management is “shocked” when client systems are updated incorrectly or pleadings are filled with blatant errors.”


Florida law provides that a judgment can be opened or vacated if it was obtained by fraud, or if it is void, and also has a “crime/fraud” exception to the attorney/client privilege which does not protect communications between a party and its attorney if those communications were made in furtherance of the perpetration of or for the purpose of committing a crime or fraud even if the crime or fraud is not consummated.

Fraud on the Court as a Basis for Dismissal with Prejudice or Default:
An Old Remedy Has New Teeth
That cheaters should not be allowed to prosper has long been central to the moral fabric of our society and one of the underpinnings of our legal system.
Dismissal with prejudice has long been available as the ultimate civil sanction against litigation misconduct, but is often bypassed

Erobobo Reversed?
The defendant waived the defense of lack of standing.
(This reversal does not validate the VOID assignment.)

The earlier decision in Wells Fargo v. Erobobo, published 2 years ago today held: "The assignment of the Defendant's note and mortgage, having not been assigned from the Depositor to the Trust, is therefore VOID as in being in contravention of the PSA."

Banks get Caught up in their own Confusion and
their Foreclosure Specialist didn't know anything about anything.

Lend America did not deliver the subject note to MERS. The subject mortgage did not give MERS the authority to assign the subject note.

$2 Million Unanimous Jury Verdict
In September 2010, Residential Credit Solutions began rejecting Hammer's monthly payments and refused to acknowledge the existence of the loan modification. RCS then proceeded to prosecute two separate foreclosure actions against Hammer, despite the fact that Hammer, still to this day, has tendered all of her monthly payments as required under the loan modification agreement. The first foreclosure case was dismissed in favor of Hammer and against RCS in 2011.

Quicken Loans approved bad mortgages just to make money
government says in suit.
The U.S. government alleges Quicken Loans knowingly violated mortgage underwriting practices just to close bad loans insured by FHA -- a practice it says has cost taxpayers millions of dollars and hurt neighborhoods when the houses went into foreclosure.

Green Tree accused of abusing customers with profanity,
name-calling, inflated payments, lies

The Federal Trade Commission and Consumer Financial Protection Bureau allege Green Tree has spent the years since the financial crisis terrorizing homeowners.
Green Tree abused homeowners who are behind on their mortgages by swearing at them, calling them names, mocking their illnesses and threatening them with prison will pay out more than $60 million.

Bank of America and Select Portfolio
Moved to Seize Widow’s Home.

But didn’t tell her the loan was insured.
When her husband passed away in 2003, Select Portfolio and Bank of America did not arrange a payoff of the $100,000 policy and continued to charge his widow an insurance premium every month along with her mortgage payment.
How many don't know their home was insured?

The biggest investment most Americans will make is now the target of the biggest financial crimes in history and labeled:

"The Perfect Crime."

When fully exposed, this will make Enron look like a parking ticket.

- MSFraud 2003 -

From the 2005 transcript of hearing in MERS v. Cabrera

"It truly concerns me, however, that thousands and thousands -- thousands and thousands of mortgage foreclosure actions have been filed with these allegations. I am not certain what remedy, if any, these people would have were it to be determined that MERS was not ever the proper party notwithstanding that these folks [might] have been in default what their recourse, if any, would be. I'm not certain with the satisfaction of mortgages that have been filed on behalf of MERS how good those are and I am not certain how good title to property is that people bought at these foreclosure sales if it turns or becomes established that MERS was indeed not only not the right party but misrepresented by way of their pleadings and affidavits that they held something they didn't own, so I'm not certain of the consequences but it seems vast."
- The Honorable Judge Jon Gordon - September 2005 (Emphasis added)


Latest Posts to The Forum

Required reading for judges and should be cited to in every brief.
Not a single family who had their house illegally seized by the banks were returned to their home.

Max Gardner's Dirty Dozen Rules for Ownership of the Mortgage Note

Free Online book
Florida’s Kangaroo Foreclosure Courts: Judges Denying Due Process on Behalf of Banks
The Banks Lost the Notes:
This is no Joke!

Max Gardner's Top Tips for
Fake Mortgage Documents

Homeowner Suffers Horrific Injustice
at the Hands of JPMorgan Chase


Tracking Financial Crisis Cases

How to Reverse a Home Foreclosure Sale

The 2008 Crisis was Avoidable

Obtaining Due Process in Non-Judicial Foreclosure States



Foreclosure Case Killer- The Subpoena Duces Tecum

The Sidebar | What is an Assignment of Mortgage

Access to Justice: Opening the Courthouse Door

Following Up On Foreclosures

Getting Back Your Home AFTER Foreclosure Sale


The GSE Business Model is FATALLY Flawed


Defenses To Foreclosure


The Banks and Our Government continue to cover up the FRAUD


Read This If You Are Facing Foreclosure

» The OCWEN Story


It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford - 1922

Mortgage Servicing Fraud; What is it? And why you need to know...

"Nevertheless, Fairbanks in a shocking display of corporate irresponsibility, repeatedly fabricated the amount of the Debtor's obligation to it out of thin air. There is no other explanation for the wildly divergent figures it concocted."

2002 WL 1586325 (Bankr.D.Mass.- 2002)

» MERS has Destroyed the Chain of Title in America

» States Fight Back Against MERS Foreclosure Fraud

» Merscorp Lacks Right to Transfer Mortgages, Judge Says


» MERS Consent Cease and Desist Order

» The MERS Fifty Million Mortgage Meltdown

» How MERS Toasted the Banks

» Search MERS to see if the owner or investor of your note is listed.

» MERS 101

» MERS 2010 Deposition


» MERS Admits NO Interest in Mortgage and No Loss On Default

» How to Attack MERS and WIN!

» Why You Don't Owe The Money

» Obtaining Due Process in Non-Judicial Foreclosure States

» Show Me the Original Note and I Will Show You the Money

» The Lack of Evidentiary Foundations Fosters Fraud

» Transforming Homeowner Violence Into A Mortgage War Plan

» Protest stops eviction by Bank of America

» Jury gives woman $1.25M in lawsuit over mortgage

» $3.4 Million Dollar Jury Verdict For Wrongful Foreclosure

» Mortgage fraud --the worst crime no one's heard of

» Dozens of Cases Rolling in from Bankruptcy and Civil Courts Reversing Foreclosures,Evictions

» 25 People to Blame for the Financial Crisis

» Have you been hurt by EMC Mortgage Corporation? You are not alone...

» Bear Stearns and EMC Mortgage to Pay $28 Million to Settle FTC Charges of Illegal Mortgage Servicing and Debt Collection Practices

» Bear Stearns & EMC Agree to Pay $28 Million in Settlement...but what about the homeowners who lost their homes due to EMC's fraud?

» Judges as Criminals - Circuit Court a Criminal Enterprise