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  • Taxpayers Foot the Bill for Bank Foreclosure Costs in $1 Billion Homeowner Help Plan


    Authority Authority:
    “Even though it’s a good intentioned program, it is a funnel to the banks. The end result seems to be the banks get the money and the homeowner doesn’t get the house.” ~ Taxpayers foot the bill for bank foreclosure costs in $1 billion homeowner help plan Banks are getting tens of millions of taxpayer … ...
    4 days ago
  • The Most-Corrupt Administration Ever?


    Authority Authority:
    The Market Ticker – The Most-Corrupt Administration Ever? Let’s see how I do with the list. Fast And Furious (guns for drug lords, resulting in murder of Americans and Mexicans) Robosigning (over 100,000 perjured affidavits filed in court cases) IRS Tea Party and other group and individual abuse in direct ...
    4 days ago
  • WAPO: The Slow-Going Process of Compensating Victims of Fraudclosure


    Authority Authority:
    Behind the mortgage settlements from the housing crisis Banks have paid less than half the $5.7 billion in cash owed to troubled homeowners under nearly 30 settlements brokered by the government since 2008, delaying help to the millions of victims of discrimination and shoddy lending that epitomized the housing ...
    5 days ago
  • Trial This Morning at 9am. Going for the Jugular Right from the Start!


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    Trial This Morning at 9am. Going for the Jugular Right from the Start! Cross-posted from the Law Offices of Evan M. Rosen For all those who like reading about courtroom drama and complete incompetency by the Plaintiff’s bar, ENJOY! ~ If you are in South Florida and are looking for help ...
    5 days ago
  • Now UCC Me, Now You Don’t: The Massachusetts Supreme Judicial Court Ignores the UCC in Requiring Unity of Note and Mortgage for Foreclosure in Eaton v. Fannie Mae


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    Now UCC Me, Now You Don’t: The Massachusetts Supreme Judicial Court Ignores the UCC in Requiring Unity of Note and Mortgage for Foreclosure in Eaton v. Fannie Mae Abstract: On June 22, 2012, in Eaton v. Federal National Mortgage Association, the Supreme Judicial Court of Massachusetts upheld a trial court ruling and ...
    5 days ago
  • It’s Alive! Dexia’s $775 mln MBS case vs JPMorgan Back From the Dead


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    It’s alive! Dexia’s $775 mln MBS case vs JPMorgan back from the dead Here is how U.S. Senior District Judge Jed Rakoff led off his blockbuster ruling Friday in Dexia’s mortgage-backed securities case against Bear Stearns successor JPMorgan Chase: “Those who don’t believe in ghosts have never been in court, ...
    5 days ago
  • Please Take Me


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    “Please Take Me” One of the most heartbreaking sides of the foreclosure crisis is the separation of people from their pets.  The fortunate among us are able to take our pets with us when we’re forced to move. Others find a temporary home for their animal friends until they can be reunited again under ...
    5 days ago
  • ‘Moral Issues’ Lead Banks to Refuse Porn Stars Bank Accounts and Loans


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    ‘Moral issues’ lead banks to refuse porn stars bank accounts and loans Porn stars are being turned away by banks because of ‘moral issues’ Several  adult entertainment stars have been rejected by major banks Lawsuit will now decide whether such decisions are discriminatory Adult entertainment industry worth ...
    5 days ago
  • N.Y. AG Revising Foreclosure Settlement Complaint Against B of A, Wells


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    N.Y. AG Revising Foreclosure Settlement Complaint Against B of A, Wells Documentation failings: they aren’t just for bankers. New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo (WFC) and Bank of America (BAC), resetting the clock on his plans ...
    5 days ago
  • The Foreclosure Crisis Puzzle: Navigating the Changing Landscape of Foreclosure


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    The Foreclosure Crisis Puzzle: Navigating the Changing Landscape of Foreclosure (ABA CLE Session was 4.26.2013; BUT HERE IS THE WRITTEN MATERIAL) This program will focus on the cutting-edge litigation in residential foreclosures and the evolution of the requirements necessary to foreclose—specifically, on the ...
    5 days ago
  • MERS CoV: Deadly SARS-Like Virus Spreads To France And Saudi Arabia


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    Deadly SARS-Like Virus Spreads To France And Saudi Arabia Looks like Mortgage Electronic Registration Systems (MERS) may have some competition… The H7N9 bird flu virus in China isn’t the only scary new virus on the docket this spring. A second new virus, similar to SARS and named Middle East Respiratory Syndrome ...
    1 week ago
  • Steady Stream of Lawyers Pour Out of Woodwork to Offer Help in Challenge of Colorado Foreclosure Law


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    Lawyers offer help in challenge of Colorado foreclosure law More than a dozen lawyers have surfaced with offers to help an Aurora woman in her constitutional challenge of Colorado’s foreclosure laws, a case she has battled on her own for about two years. After a federal judge’s temporary injunction Monday that ...
    1 week ago
  • PB Post Editorial on Foreclosure Bill HB 87 / SB 1666: With Friends Like Ms. Bondi in Tallahassee, Banks Hardly Need Another Gift


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    Editorial: Scott should veto the Legislature’s foreclosure bill The Legislature finally has passed a bill to ease Florida’s foreclosure crisis. The problem is, it’s a bad bill that Gov. Scott should veto. Rep. Kathleen Passidomo, R-Naples, sponsor of House Bill 87, believes that giving banks the right to seek a ...
    1 week ago
  • Abigail Field: NYAG’s Standing to Sue BofA


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    NYAG’s Standing to Sue BofA NY AG Eric Schneiderman’s suit to bring meaning to the servicing standards of the National Mortgage Enforcement Fraud rises and falls on how the D.C. Circuit interprets two provisions of the Consent Judgment. In my last post, I explained that one provision–the one sentence section ...
    1 week ago
  • The Constitutionality of Colorado Foreclosure Law: US Bank Walks Away from Foreclosure on Aurora Woman


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    US Bank walks away from foreclosure on Aurora woman US Bank on Friday backed down from its efforts to foreclose on an Aurora woman whose federal court battle against it has taken on the constitutionality of Colorado’s foreclosure laws. Just days after lawyers for the bank told a federal judge they’ve always had ...
    1 week ago
  • Michigan AG Informs National Mortgage Settlement Monitor About Concerns with Banks’ Settlement Compliance


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    Schuette Informs National Mortgage Settlement Monitor About Concerns with Banks’ Settlement Compliance LANSING -Attorney General Bill Schuette today sent a letter to Joseph A. Smith, Jr. head of the Office of Mortgage Settlement Oversight to alert him to concerns that certain terms of the National Mortgage ...
    1 week ago
  • In House, Maxine Waters Takes New Tack on Banks


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    Since becoming the top Democrat on the House Financial Services Committee, Representative Maxine Waters has softened her tone and vowed to protect bankers’ interests.        
    1 week ago
  • Florida HB 87 / SB 1666, Homeowners, and the Foreclosure Inferno


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    Florida HB 87 / SB 1666, Homeowners, and the Foreclosure Inferno By Michael Collins A bill passed last week by the Florida legislature offers efficiencies and advantages to banks that may launch a major increase in foreclosures in the state known for its volatile real estate market.  The only thing standing in the ...
    2 weeks ago
  • Bank of America to Eric Schneiderman: You Can’t Sue Us for Violations of The National Mortgage Settlement


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    “In all that work and in related communications with your office, there was never any suggestion that there was any concern that Bank of America had engaged in ‘flagrant violations’ or any ‘pattern’ of violation that has now been suggested” ~ BofA: Schneiderman Has No Rights to Sue Bank of America  is ...
    2 weeks ago
  • Fannie Mae to Pay Treasury $59.4 Billion After Record Profit


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    Fannie Mae to Pay Treasury $59.4 Billion After Record Profit Fannie Mae (FNMA), the mortgage-financier seized by U.S. regulators in 2008, will pay the Treasury Department $59.4 billion after reporting a record quarterly profit driven by rising home prices and declining delinquencies. The government-sponsored ...
    2 weeks ago

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