FORECLOSURE FRAUD | by DinSFLA - Part 2
OneWest Bank shut out nonwhite borrowers while owned by Steve Mnuchin-led group, advocates say

OneWest Bank shut out nonwhite borrowers while owned by Steve Mnuchin-led group, advocates say

17 November 2016

LA TIMES- Two California advocacy groups have asked federal housing regulators to investigate Pasadena’s OneWest Bank over allegations that it discriminated against or failed to serve minority communities. The allegations lodged with the U.S. Department of Housing and Urban Development build on a multitude of earlier complaints against the bank. They come as former OneWest Chairman […]

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Fed’s Kashkari Unveils His Plan to End Too-Big-to-Fail Banks

Fed’s Kashkari Unveils His Plan to End Too-Big-to-Fail Banks

17 November 2016

Bloomberg- Federal Reserve Bank of Minneapolis President Neel Kashkari proposed a series of new rules for banks and non-bank lenders that he said would eliminate the threat posed by financial institutions whose failure could wreak havoc in the global markets. The plan centers on significantly increasing the capital cushion banks must hold to protect against […]

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JPMorgan Chase Paying $264 Million to Settle FCPA Charges

JPMorgan Chase Paying $264 Million to Settle FCPA Charges

17 November 2016

FOR IMMEDIATE RELEASE 2016-241 Washington D.C., Nov. 17, 2016 —The Securities and Exchange Commission today announced that JPMorgan Chase & Co. has agreed to pay more than $130 million to settle SEC charges that it won business from clients and corruptly influenced government officials in the Asia-Pacific region by giving jobs and internships to their […]

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2009: The year the Democratic Party died

2009: The year the Democratic Party died

16 November 2016

The Week- The Democratic Party has been obliterated. Hillary Clinton’s narrow loss to Donald Trump was the shock felt ’round the world, but there’s been an even deeper decline in the Democratic Party at the state and local level. The Obama administration has overseen the loss of roughly a tenth of the party’s Senate seats, […]

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Clatsop County is joining 11 other counties in a $50 million lawsuit against a private mortgage registry over recording fees.

Clatsop County is joining 11 other counties in a $50 million lawsuit against a private mortgage registry over recording fees.

16 November 2016

The Daily Astorian- Clatsop County is joining 11 other counties in a $50 million lawsuit against a private mortgage registry over recording fees. The lawsuit alleges that Mortgage Electronic Registration Systems, or MERS, owes the counties millions of dollars in unpaid fees. “We think we’re probably missing out on somewhere between $35,000 or $70,000 a […]

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Controversy Over Non-Judicial Foreclosures In Hawaii Leaves Title Insurers Wary About Insuring Title On Homes That Have Been Through Non-Court Supervised Process

Controversy Over Non-Judicial Foreclosures In Hawaii Leaves Title Insurers Wary About Insuring Title On Homes That Have Been Through Non-Court Supervised Process

16 November 2016

H/T Home Equity Theft West Hawaii Today- Foreclosed properties bought at auction often afford buyers a chance at a lucrative deal. But if you’ve purchased a property anywhere in Hawaii that’s been through a non-judicial foreclosure, you may have acquired considerably less than you bargained for — or potentially nothing at all. That’s because of several […]

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Donald Trump Win Helped Wells Fargo Stock Erase All Losses From Phony Accounts Scandal

Donald Trump Win Helped Wells Fargo Stock Erase All Losses From Phony Accounts Scandal

15 November 2016

Fortune- After news of its phony accounts scandal broke in August, Wells Fargo’s stock got a long drag through the mud. But with expectations of a presidency that will be much friendlier to the financial industry, investors are finally beginning to show a little forgiveness. Shares of Wells Fargo wfc closed up 7.6% Thursday, to […]

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Warren to President-Elect Trump: You Are Already Breaking Promises by Appointing Slew of Special Interests, Wall Street Elites, and Insiders to Transition Team

Warren to President-Elect Trump: You Are Already Breaking Promises by Appointing Slew of Special Interests, Wall Street Elites, and Insiders to Transition Team

15 November 2016

NOV 15, 2016 Text of the letter available here (PDF) Washington, DC – United States Senator Elizabeth Warren today sent a letter to President-Elect Trump raising serious concerns about the special interest lobbyists, Wall Street bankers, and industry insiders who are staffing his transition team and who will shape the new administration. The senator wrote, […]

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Mary Jo White to step down as SEC chief

Mary Jo White to step down as SEC chief

14 November 2016

NYT- Wall Street regulators began an exodus from Washington on Monday as Mary Jo White, the chairwoman of the Securities and Exchange Commission, announced plans to leave the agency. The decision makes Ms. White, a former federal prosecutor who has served more than two decades in the federal government, the first major Obama administration appointee […]

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ANIM INVESTMENT COMPANY v  SHALOUB | NJSC – the court finds that Plaintiff is now time-barred from filing a foreclosure complaint and from obtaining a final judgment of foreclosure

ANIM INVESTMENT COMPANY v SHALOUB | NJSC – the court finds that Plaintiff is now time-barred from filing a foreclosure complaint and from obtaining a final judgment of foreclosure

14 November 2016

SUPERIOR COURT OF NEW JERSEY CHANCERY DIVISION: BERGEN COUNTY DOCKET No. F-30508-15 ANIM INVESTMENT COMPANY, Plaintiff, vs. GEORGE SHALOUB and KATHLEEN SHALOUB, et al., Defendants. In the foreclosure action brought before this court, Defendants filed a Motion to Dismiss Plaintiff’s Complaint with Prejudice on February 9, 2016, asserting that the statute of limitations for the […]

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Fannie, Freddie surge as Trump taps advisors who back privatization

Fannie, Freddie surge as Trump taps advisors who back privatization

14 November 2016

Market Watch- Shares of Fannie Mae  and Freddie Mac have rallied this week as President-elect Donald Trump surrounds himself with advisors seen as sympathetic to shareholders of the two mortgage companies. Fannie FNMA, +7.27%  and Freddie FMCC, +6.18%  were placed into federal conservatorship during the 2008 financial crisis, and in 2012 the Obama administration amended […]

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Taxpayers are still bailing out Wall Street, eight years later

Taxpayers are still bailing out Wall Street, eight years later

13 November 2016

WaPO- Eight-years after taxpayers rescued the U.S. financial system, some of the country’s largest banks, including JPMorgan Chase and Wells Fargo, continue to receive billions in bailout money, according to government data. Wells Fargo is eligible for up to $1.5 billion in bailout funds over the next seven years. JPMorgan and Bank of America could receive $1.1 billion […]

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Class Action | Wieck v Financial Freedom, CIT re: wrongful force placed insurance and foreclosure for FP premiums

Class Action | Wieck v Financial Freedom, CIT re: wrongful force placed insurance and foreclosure for FP premiums

13 November 2016

UNITED STATES DISTRICT COURT DISTRICT OF HAWAII JULIA WIECK, on behalf of herself CASE NO. 16-596 and all others similarly situated, Plaintiff, v. CIT GROUP, INC., CIT BANK, N.A., FINANCIAL FREEDOM, SEATTLE SPECIALTY INSURANCE SERVICES, INC., and CERTAIN UNDERWRITERS OF LLOYD’S, LONDON, and GREAT LAKES REINSURANCE (UK), PLC, Defendants   Wieck v Financial Freedom by […]

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OCWEN lays off 54 in Montco

OCWEN lays off 54 in Montco

12 November 2016

Biz Journal- Mortgage servicing giant Ocwen Financial Corp. plans to lay off 54 employees in its Fort Washington facility by the end of the year, according to a WARN notice filed with the Pennsylvania Department of Labor and Industry. The move was part of a reduction of force at various locations for the Florida-based company, […]

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GOVERNOR CUOMO ANNOUNCES $28 MILLION FINE LEVIED AGAINST PHH MORTGAGE CORPORATION FOR SHODDY MORTGAGE ORIGINATION AND SERVICING PRACTICES

GOVERNOR CUOMO ANNOUNCES $28 MILLION FINE LEVIED AGAINST PHH MORTGAGE CORPORATION FOR SHODDY MORTGAGE ORIGINATION AND SERVICING PRACTICES

12 November 2016

Press Release CONSENT ORDER November 9, 2016 Contact: Richard Loconte, 212-709-1691 GOVERNOR CUOMO ANNOUNCES $28 MILLION FINE LEVIED AGAINST PHH MORTGAGE CORPORATION FOR SHODDY MORTGAGE ORIGINATION AND SERVICING PRACTICES Independent, Third-Party Auditor Will be Engaged to Identify and Deliver Restitution to Impacted Borrowers Governor Andrew M. Cuomo today announced that PHH Mortgage Corporation and its affiliate, […]

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$25K Quid Pro Quo! — Bondi says she’s ‘honored’ to serve Trump in ‘historic’ transition effort

$25K Quid Pro Quo! — Bondi says she’s ‘honored’ to serve Trump in ‘historic’ transition effort

12 November 2016

Politico- Florida Attorney General Pam Bondi, the only statewide elected Republican who endorsed Donald Trump before the state’s GOP primary, secured a spot Friday on the executive committee of the president-elect’s transition team. “I’m honored to serve President-elect Donald J. Trump in making this historic transition and assisting in finding the best individuals to bring […]

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TFH 11/13 – Messages to President Trump for his First 100 Days from America’s 100 Million Forgotten Homeowners

TFH 11/13 – Messages to President Trump for his First 100 Days from America’s 100 Million Forgotten Homeowners

11 November 2016

COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII LISTEN TO KHVH-AM (830 ON THE AM RADIO DIAL) ALSO AVAILABLE ON KHVH-AM ON THE iHEART APP ON THE INTERNET . . Sunday – November 13, 2016 The United States has just experienced one of the most contentious Presidential […]

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State’s highest court holds public hearing over foreclosure rule changes

State’s highest court holds public hearing over foreclosure rule changes

10 November 2016

Denver Post- Colorado’s Supreme Court is considering changes to courtroom rules that would ensure consumers can better challenge a foreclosure before their homes can be taken. The court is holding a public hearing Thursday over changes to the state’s Rule 120 process, which gives homeowners the opportunity to contest a foreclosure by appearing in court, but is […]

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Read the Letter J.P Morgan Chase’s CEO Jamie Dimon Just Sent Employees on Trump Win

Read the Letter J.P Morgan Chase’s CEO Jamie Dimon Just Sent Employees on Trump Win

10 November 2016

Fortune- Message from Jamie Dimon Dear colleagues, We are going through a period of profound political and economic change around the world, and American citizens showed that deep desire for change in voting to elect Donald Trump as the 45th President of the United States. We have heard through democratic processes in both Europe and […]

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Kathleen C. Engel | Local Governments and Risky Home Loans ….I analyze the legal and regulatory problems municipalities encountered when they attempted to restrict high-risk mortgage loans and when they sought to recover for foreclosure blight

Kathleen C. Engel | Local Governments and Risky Home Loans ….I analyze the legal and regulatory problems municipalities encountered when they attempted to restrict high-risk mortgage loans and when they sought to recover for foreclosure blight

10 November 2016

  Download This PaperOpen PDF in Browser   https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2864424 Local Governments and Risky Home Loans Kathleen C. Engel  Suffolk University Law School 2016 Southern Methodist University Law Review, Vol. 69, p. 609 (Forthcoming)  Suffolk University Law School Research Paper No. 16-12  Abstract:       Municipalities from the Central Valley in California to Upstate New York bear the legacy […]

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BREAKING: Trump advisers considering $JPMorgan CEO Dimon for Treasury post – sources

BREAKING: Trump advisers considering $JPMorgan CEO Dimon for Treasury post – sources

10 November 2016

CNBC- In the wake of Donald Trump’s upset victory, advisors have floated the idea of naming Jamie Dimon as treasury secretary, according to two people familiar with the matter, but one of them added that the JPMorgan chief has said he would not be interested in the role. A Trump spokesperson could not immediately be […]

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Supreme Court Probes Whether Miami Can Sue Banks Over Foreclosure Crisis

Supreme Court Probes Whether Miami Can Sue Banks Over Foreclosure Crisis

09 November 2016

MSN- Should Bank of America and Wells Fargo be on the hook for potentially billions of dollars in tax revenue Miami and other cities lost after property values plunged in minority neighborhoods due to shoddy lending practices and foreclosures? And if so, why can’t Miami sue for lost tourist revenue? Sales taxes? Why can’t the […]

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GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Chip Parker, www.jaxlawcenter.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

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