FORECLOSURE FRAUD | by DinSFLA
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RePOST: CHASE BANK v. GERGIS | NY Civ. Court “ROBO-TESTIMONY, WAMU, CREDIT-CARD DEBT” Dismissed w/ PREJUDICE Nevada Office of the Attorney General ANNOUNCES indictment in massive clark county robo-signing scheme, Employed by LPS STATE OF DELAWARE v. MERSCORP, Mortgage Electronic Registration Systems, Inc., (MERS) NO. THERE’S NO LIFE AT MERS
 
RePOST: CHASE BANK v. GERGIS | NY Civ. Court “ROBO-TESTIMONY, WAMU, CREDIT-CARD DEBT” Dismissed w/ PREJUDICE

RePOST: CHASE BANK v. GERGIS | NY Civ. Court “ROBO-TESTIMONY, WAMU, CREDIT-CARD DEBT” Dismissed w/ PREJUDICE

Note: This post went missing shortly after it was on the site back in June 2011 and IMO may be a clue as to why the recent massive halts nationwide, but in reality, this began last June This is far worse than the foreclosure fraud robo-signing scandal and they do not want this to get [...]

Nevada Office of the Attorney General ANNOUNCES indictment in massive clark county robo-signing scheme, Employed by LPS

Nevada Office of the Attorney General ANNOUNCES indictment in massive clark county robo-signing scheme, Employed by LPS

LPS must know by now, they are getting closer and closer to their top Executives. FOR IMMEDIATE RELEASE  Contact:  Jennifer López 702-486-3782     DATE: November 16, 2011        Office of the Attorney general ANNOUNCES indictment in massive clark county robo-signing scheme Defendants to be Held Criminally Accountable for Filing Tens of Thousands of Fraudulent Foreclosure [...]

STATE OF DELAWARE v. MERSCORP, Mortgage Electronic Registration Systems, Inc., (MERS)

STATE OF DELAWARE v. MERSCORP, Mortgage Electronic Registration Systems, Inc., (MERS)

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE STATE OF DELAWARE, Plaintiff, v. MERSCORP, Inc., a Delaware corporation, and Mortgage Electronic Registration Systems, Inc., a Delaware Corporation, Defendants. VERIFIED COMPLAINT Excerpt: 17. Since January 1, 2008, MERS has filed over 1,600 foreclosure actions in Delaware. Thousands more foreclosures on MERS-registered mortgages have been [...]

NO. THERE’S NO LIFE AT MERS

NO. THERE’S NO LIFE AT MERS

NO. THERE’S NO LIFE AT MERS By DinSFLA Mortgage Electronic Registration Systems, Inc (MERS) has a very long history. The beginning stages have remained a mystery until now. In 1989, Brian Hershkowitz developed the “Whole Loan Book Entry” concept while serving as a director for the Mortgage Bankers Association (MBA). In 1990, he first introduced [...]

Mortgage Task Force Has a Fancy Name, but Will It Get Tough?

Mortgage Task Force Has a Fancy Name, but Will It Get Tough?

28 January 2012

Where was Obama these last years, millions getting thrown out in the streets? This is purely political and this is election year…coincidence? NOT. Gretchen Morgenson- PRESIDENT OBAMA told the nation last week that he was convening a task force to investigate the abusive practices in the mortgage industry that led to our economic woes. Both [...]

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SUE THE BANKS: Deficit tied to foreclosures

SUE THE BANKS: Deficit tied to foreclosures

28 January 2012

Simple solution for each and every state that was destroyed by using MERS alone. Michigan Citizen- If you believe the status quo media reports and some state officials, the city of Detroit has exhausted all of its options to erase its mounting budget deficit. The only solution, according to Gov. Rick Snyder and State Treasurer [...]

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Oh look, Wells Fargo is recruiting new robo-signers

Oh look, Wells Fargo is recruiting new robo-signers

28 January 2012

via: Matt Stoller “Requires the applicant to qualify to be a Wells Fargo officer to execute documents and.. pass an online MERS signing authority assessment” Oh and by the way, where is there any disclosure that Wells Fargo is a shareholder of MERS…?? So it will be creating legal documents for itself, basically. Scribd   [...]

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Rachel Maddow Interview With NY AG Eric Schneiderman

Rachel Maddow Interview With NY AG Eric Schneiderman

28 January 2012

I became Attorney General about a year ago and started digging into this, and realized that New York and Delaware, which is why my collaboration with Beau Biden was so important, we had a unique place. Because all of the mortgage-backed securities were actually pools of mortgages deposited into New York trusts or Delaware trusts. [...]

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WA SB 6337: An act relating to protecting short sale sellers from payment of forgiven home loan debt if such debt forgiveness is reported to the IRS

WA SB 6337: An act relating to protecting short sale sellers from payment of forgiven home loan debt if such debt forgiveness is reported to the IRS

27 January 2012

Title: An act relating to protecting short sale sellers from payment of forgiven home loan debt if such debt forgiveness is reported to the internal revenue service. Brief Description: Protecting short sale sellers from payment of forgiven home loan debt if such debt forgiveness is reported to the internal revenue service. Sponsors: Senators Frockt, Fain, [...]

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Alison Frankel: What can we expect from new DOJ/SEC/state AG task force on MBS?

Alison Frankel: What can we expect from new DOJ/SEC/state AG task force on MBS?

27 January 2012

REUTERS LEGAL REPORTER ALISON FRANKEL - I follow mortgage-backed securities litigation closely enough to be disgusted at the greed that fueled the securitization of insufficiently underwritten mortgages issued to homeowners who had no hope of paying them off. Sure, MBS investors and the bond insurers that backed MBS trusts were sophisticated and, to some extent, [...]

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US Treasury: New HAMP Mortgage Modification Program Includes GSE Principal Reductions

US Treasury: New HAMP Mortgage Modification Program Includes GSE Principal Reductions

27 January 2012

I posted the quoted text below back on Nov ’10… I wonder who exactly signs off for MERS, if this is so? The standard modification agreement is between the Borrower and the Lender. The agreement amends and supplements (1) the Mortgage, Deed of Trust or Deed to Secure Debt (Security Instrument) and (2) the Note [...]

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ATTORNEY GENERAL ERIC SCHNEIDERMAN AND FEDERAL OFFICIALS DETAIL JOINT INVESTIGATION INTO MORTGAGE CRISIS

ATTORNEY GENERAL ERIC SCHNEIDERMAN AND FEDERAL OFFICIALS DETAIL JOINT INVESTIGATION INTO MORTGAGE CRISIS

27 January 2012

Unit Announced By President Obama In 2012 State Of The Union Address Panel Charged With Investigating Mortgage Crisis, Resulting Damage To Homeowners And Investors Schneiderman: Comprehensive Investigation Will Help Restore Americans’ Trust In Financial Sector And Government [En Español] WASHINGTON – New York Attorney General Eric T. Schneiderman, U.S. Attorney General Eric H. Holder, Housing [...]

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Inside The Foreclosure Machine: Homeowners are still fighting servicer mistakes that threaten their homes.

Inside The Foreclosure Machine: Homeowners are still fighting servicer mistakes that threaten their homes.

27 January 2012

‘Kafkaesque’ nightmares plague homeowners facing foreclosure   iWATCH NEWS- Like millions of stories from the great recession, this one begins with homeowners struggling to keep up with a mortgage payment they simply couldn’t afford. By 2009, the adjustable interest rate for Cassandra and Bernard Gray’s Durham, N.C., home loan had spiked to more than 12 [...]

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KaBOOM!! New federal mortgage fraud task force subpoenas 11 banks

KaBOOM!! New federal mortgage fraud task force subpoenas 11 banks

27 January 2012

You simply cannot make this stuff up! HW- The new federal task force led by New York Attorney General Eric Schneiderman sent subpoenas to the 11 largest financial institutions in the past few days as part of its investigation in possible residential mortgage-backed securities fraud. President Obama formed the task group and announced it in [...]

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BREAKING: Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability

BREAKING: Obama Administration And Banks Near Deal On Mortgage Fraud Legal Liability

27 January 2012

HuffPO- The Obama administration, state attorneys general, and the nation’s largest banks are close to a final settlement on the years-long struggle over allegations of massive foreclosure fraud, according to several sources familiar with the talks. The final details of the arrangement, according to the source who revealed them, will apparently not preclude prosecutors and [...]

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Meet NY Attorney General Eric Schneiderman, The Man Who Could Be Wall Street’s New Worst Nightmare

Meet NY Attorney General Eric Schneiderman, The Man Who Could Be Wall Street’s New Worst Nightmare

26 January 2012

Linette Lopez over at Business Insider did a great job documenting AG Schneiderman’s past and why he might stick to his commitment of seeking accountability after all. Business Insider- At Tuesday’s State of the Union Address, Obama announced that he would be creating a new task force within the Consumer Financial Protection Bureauto coordinate all [...]

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Details Emerge of New Financial Fraud Unit

Details Emerge of New Financial Fraud Unit

26 January 2012

Already starting in the wrong foot, I’m not sure how this all will come together? There were 100 FBI agents investigating ENRON alone?? Huffington Post- The investigators will consider a variety of cases, including false statements, mail and wire fraud, and failure to comply with the Financial Institutions Reform, Recovery and Enforcement Act of 1989, [...]

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Florida Attorney General bashes states that rejected nationwide foreclosure settlement

Florida Attorney General bashes states that rejected nationwide foreclosure settlement

26 January 2012

Floridians know she’s inadequate for her position because she hasn’t even investigated foreclosure fraud. Palm Beach Post- Florida Attorney General Pam Bondi stood by the 50-state attorneys general settlement with the nation’s biggest banks on Thursday as California and Delaware formally rejected the proposal she helped negotiate. Bondi said Floridians can’t wait for foreclosure relief [...]

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