WEEKEND EDITION, JUNE 24 JUNE 28, 2013

MONDAY, JUNE 24, 2013

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

Bank of America whistle-blowers bombshell: We were told to lie Bank of Americas mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected by any homeowner who ever had to deal with the bank to try to get a loan modification

Wells Fargo Leads Bank Foreclosure Halt After OCC Guidance Wells Fargo, the biggest U.S. home lender, halted some foreclosure sales until it can understand new federal guidelines on seizures sent to the nations large and mid-sized banks. The rules from the Office of the Comptroller of.

Search Technologies Content Aids in Reducing Mortgage Fraud

Processing

In an effort to combat mortgage fraud and promote open government, Macomb County, Mich. recently made close to two hundred years of digitized land records more searchable for residents, law enforcement, and businesses.

Bernanke: Shadow banking, other financial sectors still pose risks The Fed is responsible for overseeing individual banks to ensure their safety and soundness, but in recent years it has ramped up its monitoring of an increasingly complex web of financial services.

Northern California Real Estate Indicted On Additional Charge

Investor

A federal grand jury in U.S. District Court for the Eastern District of California in Sacramento returned a superseding indictment charging Andrew B. Katakis, of Danville, Calif., with obstruction of justice related to a federal investigation into conspiracies to rig bids.

Zombie foreclosure statistics scary In a zombie foreclosure, the owner has gotten a foreclosure notice and subsequently packed up and moved, apparently thinking it's over the banks will finish the job. But many banks, for various reasons, haven't followed through with the rest of the process.

First National securitizes property tax liens First National Holdings, a purchaser and servicer of delinquent property tax liens, developed a novel way to increase liquidity. The company pooled delinquent property tax liens, primarily in Cook County, into an asset-backed securitization.

Fannie and Freddie Ignore Homeowners in Detroit This is all part of state and federal government policy to sweep the mortgage tragedies under the rug. Despite the fact that we know that most of the foreclosures that have already been deemed completed were in fact illegal, we have had millions of auction sales in which strangers to the transaction were awarded title to the house without ever having made a single payment of any amount of money to originate or acquire the loan.

Homeowner/Foreclosure Legal Q&A

When a property is foreclosed upon, what is the process that leads to it being auctioned in Cobb County, Georgia? >>>> Can i do a reverse foreclosure? >>>> Landlord Losses Home In Foreclosure >>>> Can proving mrtg fraud and pred. lending at an adversary proceeding in chap7 bnkrptcy help get our home back after forclosure? >>>> What happens to the 2nd mortgage? >>>> Lis Pendens 12/2009, FWOP 12/2011 since then no action other than recent Assignment of Mortgage >>>> The bank never sent a certified letter, but my husband got served foreclosure papers >>>> After wrongful foreclosure can we pursue the mortgage company for damages? >>>>

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WEEKEND EDITION, JUNE 24 JUNE 28, 2013

TUESDAY, JUNE 25, 2013

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

FOIA Request Number CFPB-2013-116-F MFY' s FOIA request seeks complaints filed with CFPB concerning mortgage products, loan modifications, collection, or foreclosure between December 1, 2011 and AprilS, 2013, the date of its request for mortgage products located in New York State. See MFY FOIA Request, dated Apr. 5, 2013, attached as Ex. A. It also seeks information concerning CFPB's response to these complaints.

Schneiderman: More Proof Bank Of America And Wells Fargo Violated Mortgage Settlement New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement.

LPS Deal Would Finish Round Trip With Shares at No Gain Title insurer Fidelity National Financial Inc. (FNF) is in talks to buy 80 percent of LPS in a $2.9 billion deal that values the target at $33 a share, a person familiar with the matter said.

Woman, 62, Adopted by Man, 85, Fights Eviction From His Apartment A woman meets an elderly man, moves in with him, and inherits his rent-controlled New York apartment -- except 62-year-old Pamela Becker was not 85-year-old Nicholas DeTommaso's wife or lover. Just weeks before DeTommaso died, he adopted Becker -- as his daughter.

Private sales of homes, known as 'pocket listings,' are surging What's a pocket listing? Essentially it's a private, "off-market" listing, often of short duration. Instead of putting the house on the local Multiple Listing Service, which exposes it.

Jury Sees Through Mortgage Fraud Defense and Convicts According to the indictment and evidence presented to the jury during the trial, from about May to September 2006, Lindsey, who worked as a loan officer for Clear Mortgage and Signature Mortgage, recruited straw buyers to participate in what he described as a lucrative.

2 Sentenced for Falsifying Loan Modification Approvals The defendants also falsely promised that they could obtain low-interest loans for customers, assist in avoiding lawsuits, lower car and mortgage payments, replace high-interest credit cards with low-interest ones and correct errors in credit reports.

Foreclosure papers must be in order, Minnesota Supreme Court rules Minnesotas Supreme Court has tightened the screws a bit on home foreclosures. In a ruling out Wednesday, the states highest court decided unanimously that a foreclosing party must strictly comply with a state law requiring all the different banks and parties that have held a mortgage be clearly documented and filed before a foreclosure-byadvertisement can be initiated.

Homeowner/Foreclosure Legal Q&A

When a property is foreclosed upon, what is the process that leads to it being auctioned in Cobb County, Georgia? >>>> Can i do a reverse foreclosure? >>>> Landlord Losses Home In Foreclosure >>>> Can proving mrtg fraud and pred. lending at an adversary proceeding in chap7 bnkrptcy help get our home back after forclosure? >>>> What happens to the 2nd mortgage? >>>> Lis Pendens 12/2009, FWOP 12/2011 since then no action other than recent Assignment of Mortgage >>>> The bank never sent a certified letter, but my husband got served foreclosure papers >>>> After wrongful foreclosure can we pursue the mortgage company for damages? >>>>

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WEEKEND EDITION, JUNE 24 JUNE 28, 2013

WEDNESDAY, JUNE 26, 2013

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

Mortgage investors raise alarm as eminent domain spreads A number of securitization trade groups sounded the alarm when Mortgage Resolution Partners entered into contracts with two additional municipalities to form the use of eminent domain programs. Richmond, Calif. and North Las Vegas, NV. are now said to be seriously considering eminent domain as a potentail solution to current housing woes. The plan spooked investors in the past, namely when Mortgage Resolutions Partners tried, but failed, to get a similar plan accepted in San Bernardino County.

Completed foreclosures hold steady in April: CoreLogic The number of foreclosed homes held steady in April, while there were fewer properties sitting in the pipeline, fresh signs the housing recovery is on track, data from CoreLogic showed. There were 52,000 foreclosures completed last month...

N.Y. attorney general lays out complaints against Wells Fargo, Bank of America New Yorks top prosecutor said his office received 339 complaints that the two banks were not complying with the timeline requirements of the agreement. Homeowners said the banks took more than 30 days to respond to their requests.

Proposed clarifications of the Ability to Repay/QM and Mortgage Servicing Rules The CFPB is carrying out a regulatory implementation initiative for our new mortgage rules to ensure that they are implemented accurately and effectively. Last week we issued proposed clarifications to the 2013 Escrows Final Rule.

SIGTARP: Quarterly Report To Congress, April 24, 2013 SIGTARP is a criminal law enforcement agency and the watchdog over the Troubled Asset Relief Program (TARP). Our mission is to advance economic stability through transparency, coordinated oversight, and robust enforcement..

3 reasons the housing recovery may not last The housing market has made a big comeback over the past year; home prices have surged some 8% and homebuyers can't seem to buy up properties fast enough. But just as quickly as the market is gaining ground, some industry experts worry it will come crashing back to Earth. Banks Hedging Their Bets on Wrongful Foreclosures

Gallup Poll: 81% of Americans Either Own or Plan to Within 10 Years More than half of Americans (56 percent) own and plan to continue owning, while 25 percent say they dont own but plan to in the next 10 years, which means 81 percent of Americans either own or have the intention to.

The need for continuing pressure on state and federal legislators who are relentlessly pursued by Bank lobbyists has never been greater. Anyone who cares about the state of our economy and the state of our justice system needs to be writing and calling state and federal legislators as well as state and federal agencies to oppose these naked attempts to seal the deal against the homeowners.

Homeowner/Foreclosure Legal Q&A

When a property is foreclosed upon, what is the process that leads to it being auctioned in Cobb County, Georgia? >>>> Can i do a reverse foreclosure? >>>> Landlord Losses Home In Foreclosure >>>> Can proving mrtg fraud and pred. lending at an adversary proceeding in chap7 bnkrptcy help get our home back after forclosure? >>>> What happens to the 2nd mortgage? >>>> Lis Pendens 12/2009, FWOP 12/2011 since then no action other than recent Assignment of Mortgage >>>> The bank never sent a certified letter, but my husband got served foreclosure papers >>>> After wrongful foreclosure can we pursue the mortgage company for damages? >>>>

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WEEKEND EDITION, JUNE 24 JUNE 28, 2013

ee ACADEMIA ADVERSARIES

THURSDAY, JUNE 27, 2013

ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

The Stealth Problem of Predatory Mortgage Modifications If you look from 50,000 feet, there are two sides to the debate over mortgage modifications. On the one hand, a surprisingly large group, which includes beleaguered homeowners, mortgage investors and town and municipal governments, all favor mortgage modifications, particularly principal modifications. Their argument is simple. If you are dealing with a big enough loan, its always better for a bank to take half a loaf rather than none when a borrower gets in trouble.

Behind the Rise in House Prices, Wall Street Buyers The last time the housing market was this hot in Phoenix and Las Vegas, the buyers pushing up prices were mostly small time. Nowadays, they are big time Wall Street big. Large investment firms have spent billions of dollars over the last year buying homes in some of the nations most depressed markets.

Fed Up Homeowners Start to Protest The frustration targeted toward big banks is not anything new quite the contrary. Over the years, many people have voiced their concerns about how these banks are merely receiving a slap on the wrist for the massive amounts of damage that these banks caused to homeowners across the nation.

Foreclosure inadequate

settlement

checks

seen

as

Deeds in Lieu of Foreclosure: Naughty or Nice? A deed in lieu of foreclosure allows a lender to take possession of a property securing a delinquent loan without going through the increasingly messy and costly foreclosure process. It allows a homeowner to walk out.

Reid is among millions of borrowers receiving checks meant to compensate what federal officials have characterized as lenders' lax, botched or abusive procedures during the height of the foreclosure crisis. Thirteen of the.

The Sad Future of Housing According to Zillow The Banks have been paying a lot of money to plant articles around the country and in media generally to give us the impression that the recession is over, they did their job in preventing it, and the housing crisis has turned the corner with prices rising. Waypoint Files for Latest Foreclosure-to-Rental IPO

CFPB fills empty posts, government agencies

recruits

from

CFPB Director Richard Cordray appointed Dan Smith to serve as the first, assistant director for the newly-created office of Financial Institutions and Business Liasion. He comes to the CFPB after serving Freddie Mac as director for industry and state regulations.

Momentum for the single-family rental business has been building for a few years now. As Waypoint notes in Tuesdays filing, there were 4.1 million completed foreclosures between September 2008 and 2012, presenting an unprecedented opportunity for investors

Homeowner/Foreclosure Legal Q&A

When a property is foreclosed upon, what is the process that leads to it being auctioned in Cobb County, Georgia? >>>> Can i do a reverse foreclosure? >>>> Landlord Losses Home In Foreclosure >>>> Can proving mrtg fraud and pred. lending at an adversary proceeding in chap7 bnkrptcy help get our home back after forclosure? >>>> What happens to the 2nd mortgage? >>>> Lis Pendens 12/2009, FWOP 12/2011 since then no action other than recent Assignment of Mortgage >>>> The bank never sent a certified letter, but my husband got served foreclosure papers >>>> After wrongful foreclosure can we pursue the mortgage company for damages? >>>>

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WEEKEND EDITION, JUNE 24 JUNE 28, 2013

FRIDAY, JUNE 28, 2013

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

In Countrywide Case, Watchdogs Without Any Bark FOR the last two weeks, a justice in New York State Supreme Court has heard testimony in one of the most pivotal cases of the financial crisis. The hearings will tell whether Bank of America can extinguish legal liability for more than a million Countrywide Financial loans by paying $8.5 billion in cash and agreeing to loan servicing improvements in a settlement struck with 22 investors in 2011.

Banking Industry Torpedoing Foreclosure Bill The banking industry is pulling out all the stops to squash a proposed new state law that would protect tenants from automatic eviction, along with potential homelessness, after a bank or other mortgage lender forecloses on their landlord, housing advocates are warning. In current practice, foreclosing banks

Open Letter To California Attorney General Kamala Harris on Two Year Anniversary of Her Mortgage Fraud Strike Force Foreclosure mills have recreated deeds and mortgage documents out of thin air and used them to steal people's homes. The San Francisco Assessor Recorder's audit proved that 99% of foreclosures had questionable.

Eminent domain could be used in battle against foreclosures in Richmond Millions of Americans have lost their homes, and millions more could meet the same fate in a foreclosure crisis that continues to hammer communities across the country. Now, a San Francisco investment firm thinks it has found a remedy to the epidemic.

Housing Rebound in Success as Costs Soar

U.S.

Hampered

by

Even as U.S. housing rebounds from its worst downturn since the 1930s, production bottlenecks are pushing up building-materials costs, land prices are rising and skilled labor ready to begin work is hard to find.

Mortgage servicers and investors call for more borrower info A high three-digit credit score can definitely make a mortgage look more attractive to the secondary market and investors. But in the wake of the 2008 mortgage market meltdown, a solid credit score is only the proverbial icing on the cake.

CFPB Bulletin 2013-01: Mortgage Servicing Transfers The Consumer Financial Protection Bureau (CFPB) is issuing this guidance to residential mortgage servicers and subservicers (collectively, servicers), to address potential risks to consumers that may arise in connection with transfers of servicing.

Bill makes home lenders take a meeting Banks and mortgage lenders will be required to meet with borrowers before foreclosing on their mortgages under a bill headed to Gov. John Kitzhaber. The Oregon House signed off Wednesday on Senate Bill 558A, which expands on the Foreclosure Avoidance Mediation Program established in 2012.

Homeowner/Foreclosure Legal Q&A

When a property is foreclosed upon, what is the process that leads to it being auctioned in Cobb County, Georgia? >>>> Can i do a reverse foreclosure? >>>> Landlord Losses Home In Foreclosure >>>> Can proving mrtg fraud and pred. lending at an adversary proceeding in chap7 bnkrptcy help get our home back after forclosure? >>>> What happens to the 2nd mortgage? >>>> Lis Pendens 12/2009, FWOP 12/2011 since then no action other than recent Assignment of Mortgage >>>> The bank never sent a certified letter, but my husband got served foreclosure papers >>>> After wrongful foreclosure can we pursue the mortgage company for damages? >>>>

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