FORECLOSURE FRAUD | by DinSFLA - Part 41
Bank Walkaways and Undead Foreclosures Continue to Haunt the Economy

Bank Walkaways and Undead Foreclosures Continue to Haunt the Economy

20 July 2015

Columbia Law School- There is broad agreement that predatory subprime lending – along with faulty securitization practices – were important causes of the recent financial crisis. Although the U.S. economy has improved significantly since 2008, it has not fully returned to normal, in part because the housing sector continues to lag. And while the foreclosure […]

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Federal Natl. Mtge. Assn. v Singer | NYSC – Judge Slams Fannie Mae & BOA “FANNIE MAE/BOA and its agents, successors and assigns are forever barred, foreclosed and prohibited from demanding, collecting or attempting to collect, directly or indirectly, accrued interest on the note and mortgage”

Federal Natl. Mtge. Assn. v Singer | NYSC – Judge Slams Fannie Mae & BOA “FANNIE MAE/BOA and its agents, successors and assigns are forever barred, foreclosed and prohibited from demanding, collecting or attempting to collect, directly or indirectly, accrued interest on the note and mortgage”

19 July 2015

Decided on July 15, 2015 Supreme Court, New York County   Federal National Mortgage Association, Plaintiff, —against- against Lawrence R. Singer a/k/a LAWRENCE SINGER, BONNIE J. SINGER a/k/a BONNIE SINGER, BOARD OF MANAGERS OF 4260 BROADWAY CONDOMINIUM, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR HOMEBRIDGE MORTGAGE BANKERS CO., NEW YORK CITY ENVIRONMENTAL CONTROL BOARD, […]

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MASS. | Pinti v. Emigrant Mortgage Co. | Given our conclusion that the foreclosure sale was VOID . . . The declaratory judgment of the Superior Court and the orders allowing Wilion’s motion for summary judgment and dismissing the plaintiffs’ complaint are reversed.

MASS. | Pinti v. Emigrant Mortgage Co. | Given our conclusion that the foreclosure sale was VOID . . . The declaratory judgment of the Superior Court and the orders allowing Wilion’s motion for summary judgment and dismissing the plaintiffs’ complaint are reversed.

19 July 2015

SJC-11742 LINDA PINTI & another1 vs. EMIGRANT MORTGAGE COMPANY, INC., & another.2 Middlesex. January 8, 2015. – July 17, 2015. Present: Gants, C.J., Spina, Cordy, Botsford, Duffly, Lenk, & Hines, JJ. Mortgage, Foreclosure, Real estate. Real Property, Mortgage, Sale. Sale, Real estate. Notice, Foreclosure of mortgage. Declaratory Relief. Practice, Civil, Declaratory proceeding, Summary judgment. BOTSFORD, […]

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MILJKOVIC v. SHAFRITZ AND DINKIN | PA, Court of Appeals, 11th Cir. – representations made by an attorney in court filings during the course of debt-collection litigation are actionable under the Fair Debt Collection Practices Act (FDCPA)

MILJKOVIC v. SHAFRITZ AND DINKIN | PA, Court of Appeals, 11th Cir. – representations made by an attorney in court filings during the course of debt-collection litigation are actionable under the Fair Debt Collection Practices Act (FDCPA)

19 July 2015

  NEDZAD MILJKOVIC, Plaintiff-Appellant, v. SHAFRITZ AND DINKIN, P.A., MITCHELL A. DINKIN. Defendants-Appellees. No. 14-13715.United States Court of Appeals, Eleventh Circuit.June 30, 2015.Before WILSON and ANDERSON, Circuit Judges, and VOORHEES,[*] District Judge. WILSON, Circuit Judge. Plaintiff-appellant Nedzad Miljkovic (Appellant) appeals from the district court’s dismissal with prejudice of his complaint against defendants-appellees Shafritz and Dinkin, […]

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Reuters Exclusive: U.S. housing regulator paid law firms $373 million to sue banks

Reuters Exclusive: U.S. housing regulator paid law firms $373 million to sue banks

17 July 2015

Reuters- The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis. The FHFA, which has acted as conservator for Fannie and Freddie since the government took […]

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Goldman Sachs Group CEO Lloyd Blankfein Is NOW a Billionaire

Goldman Sachs Group CEO Lloyd Blankfein Is NOW a Billionaire

17 July 2015

He has a special thanks to give to the Obama Administration. Bloomberg- Goldman Sachs Group Inc. made hundreds of partners rich when it went public in 1999. Its performance since then has turned Lloyd Blankfein into a billionaire. The chief executive officer of the Wall Street bank for the past nine years, Blankfein has seen […]

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CFPB v. Frederick Hanna & Associates |  Big Win for CFPB on Debt Collection

CFPB v. Frederick Hanna & Associates | Big Win for CFPB on Debt Collection

16 July 2015

Credit Slips- Yesterday, Judge Amy Totenberg of the Northern District of Georgia issued a very cogent 70-page opinion in the case of the CFPB v. Frederick Hanna & Associates, a large collection law firm with offices in Georgia, Florida, and South Carolina. The opinion denies Hanna’s motion to dismiss in its entirety, and almost completely […]

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EVANKAVITCH, v. GREEN TREE SERVICING, LLC, | Third Circuit – Under the (“FDCPA”), 15 U.S.C. § 1692, et seq., a debt collector is liable to a consumer for contacting third parties in pursuit of that consumer’s debt unless the communication falls under a statutory exception

EVANKAVITCH, v. GREEN TREE SERVICING, LLC, | Third Circuit – Under the (“FDCPA”), 15 U.S.C. § 1692, et seq., a debt collector is liable to a consumer for contacting third parties in pursuit of that consumer’s debt unless the communication falls under a statutory exception

16 July 2015

 H/T CaseLaw PRECEDENTIAL United States Court of Appeals,Third Circuit. PATRICIA EVANKAVITCH, v. GREEN TREE SERVICING, LLC, Appellant. No. 14–1114.     Decided: July 13, 2015 Before FUENTES, FISHER, and KRAUSE, Circuit Judges. Carlo Sabatini, Esq., Dunmore, PA, Deepak Gupta, Esq., (Argued), Gupta Wessler, Washington, DC, for Appellee. Barbara K. Hager, Esq., Henry F. Reichner, Esq., Reed Smith, Philadelphia, […]

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Warren and Cummings Ask Financial Regulators About Risks to Banks and Taxpayers from Swaps Trading

Warren and Cummings Ask Financial Regulators About Risks to Banks and Taxpayers from Swaps Trading

16 July 2015

Members Call for More Transparency after Legislation Gutted Dodd-Frank Provision Jul 16, 2015 Washington, DC – Today, United States Senator Elizabeth Warren and Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, sent letters requesting information from federal financial regulators about risks posed to taxpayers after last year’s partial […]

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Goldman in talks to settle Justice Department probe into sales of mortgage securities before the financial crisis

Goldman in talks to settle Justice Department probe into sales of mortgage securities before the financial crisis

16 July 2015

Crain’s- Goldman Sachs Group Inc. reported second-quarter earnings that fell 49% from a year earlier on higher legal costs tied to a potential settlement of mortgage-related probes. Net income dropped to $1.05 billion, or $1.98 a share, from $2.04 billion, or $4.10, a year earlier, the New York-based company said Thursday in a statement. Excluding […]

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Clintons And Foundation Raked In Cash From Banks That Admitted Wrongdoing

Clintons And Foundation Raked In Cash From Banks That Admitted Wrongdoing

16 July 2015

ibtimes- On the campaign trail, Hillary Clinton is selling her version of economic populism, including calls for Wall Street executives who engage in financial wrongdoing to be held accountable more than they have been under President Barack Obama. She has pushed that message hard as she seeks to win support from the Democratic Party’s liberal […]

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The Foreclosure Hour | What Every Homeowner Needs To Know About Class Actions

The Foreclosure Hour | What Every Homeowner Needs To Know About Class Actions

15 July 2015

Facing Foreclosure? If so, you can’t afford to miss a single show! Our upcoming guests will help you save your home. COMING TO YOU LIVE DIRECTLY FROM THE DUBIN LAW OFFICES AT HARBOR COURT, DOWNTOWN HONOLULU, HAWAII   . Host: Gary Dubin – Co-Host:  John Waihee – What Every Homeowner Needs To Know About Class Actions […]

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Obama Administration Finds New Way to Let Criminal Banks Avoid Consequences

Obama Administration Finds New Way to Let Criminal Banks Avoid Consequences

15 July 2015

The Intercept- Three top Democrats are accusing the Department of Housing and Urban Development of quietly removing a key clause in its requirements for taxpayer-guaranteed mortgage insurance in order to spare two banks recently convicted of federal crimes from being frozen out of the lucrative market. HUD’s action is the latest in a series of […]

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Brown, Waters, and Warren: FHA Lending Proposal Gives Wall Street Banks Free Pass at Taxpayers’ Expense

Brown, Waters, and Warren: FHA Lending Proposal Gives Wall Street Banks Free Pass at Taxpayers’ Expense

15 July 2015

WASHINGTON, D.C. – Leading Democrats on the Senate Banking and House Financial Services Committees today urged the Obama Administration to reconsider a proposal that would make it easier for lenders that have engaged in criminal behavior to keep accessing taxpayer-backed mortgage insurance. Sen. Sherrod Brown (D-OH), the Banking Committee’s senior Democrat, Rep. Maxine Waters (D-CA), […]

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Banks, Break-Ins, and Bad Actors in Mortgage Foreclosure

Banks, Break-Ins, and Bad Actors in Mortgage Foreclosure

14 July 2015

Banks, Break-Ins, and Bad Actors in Mortgage Foreclosure Christopher K. Odinet Southern University Law Center July 3, 2015 University of Cincinnati Law Review, Vol. 83, No. 4, 2015 Abstract: During the housing crisis banks were confronted with a previously unknown number mortgage foreclosures, and even as the height of the crisis has passed lenders are […]

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VT AG Reaches $1.25 Million Settlement With Bank Of America Over Foreclosure Settlement Practices

VT AG Reaches $1.25 Million Settlement With Bank Of America Over Foreclosure Settlement Practices

13 July 2015

CONTACT: Bill Sorrell, Attorney General, (802) 828-3171 July 10, 2015 Vermont Attorney General William H. Sorrell announced today that Bank of America will pay the State $1.25 million to resolve the State’s claim that the bank failed to honor the terms of settlement agreements it entered into with homeowners in foreclosure actions. “Homeowners faced with […]

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LIers hope six-year deadline will block foreclosures

LIers hope six-year deadline will block foreclosures

13 July 2015

YoungLawGroup- A small but closely watched number of Long Island homeowners are asking judges to dismiss foreclosure cases against them, saying lenders missed New York’s six-year deadline to file such lawsuits. Already, a judge has thrown out a Sound Beach couple’s foreclosure case because the lender took too long to file its second lawsuit, after […]

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HSBC Bank USA, N.A. v Chul Seung Shin | NYSC – The subject mortgage, however, does not specifically give MERS the authority to assign the note, and plaintiff has presented no evidence that MERS was actually in possession of the note at the time of that assignment.

HSBC Bank USA, N.A. v Chul Seung Shin | NYSC – The subject mortgage, however, does not specifically give MERS the authority to assign the note, and plaintiff has presented no evidence that MERS was actually in possession of the note at the time of that assignment.

12 July 2015

NEW YORK SUPREME COURT – QUEENS COUNTY Present: HONORABLE CARMEN R. VELASQUEZ Justice HSBC BANK USA, NATIONAL ASSOCIATION x AS TRUSTEE FOR STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST 2007-9 Plaintiff, -against- CHUL SEUNG SHIN; JPMORGAN CHASE BANK, NA; ET AL., The following papers numbered EF 25 – EF 63 read on this motion by plaintiff […]

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WRIGHT v. JPMORGAN CHASE BANK, N.A.| FL 4DCA – There was no evidence that the note and mortgage were ever transferred from Chase Bank to JPMorgan Chase

WRIGHT v. JPMORGAN CHASE BANK, N.A.| FL 4DCA – There was no evidence that the note and mortgage were ever transferred from Chase Bank to JPMorgan Chase

09 July 2015

DISTRICT COURT OF APPEAL OF THE STATE OF FLORIDA FOURTH DISTRICT GAINUS WRIGHT, III and CYD R. WRIGHT, Appellants, v. JPMORGAN CHASE BANK, N.A., Appellee. No. 4D14-565 [July 1, 2015] Appeal from the Circuit Court for the Seventeenth Judicial Circuit, Broward County; Cynthia G. Imperato, Judge; L.T. Case No. CACE09065166. Matthew David Bavaro and Laura […]

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Atlanta Law Firm Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

Atlanta Law Firm Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

09 July 2015

Butler & Hosch sale, Dustin Johnson lawsuit severely impacted firm Housing Wire- As HousingWire first reported Thursday, Morris Schneider Wittstadt officially filed for Chapter 11 bankruptcy on Monday. The firm did open for business on Monday, but went so far as to tell all employees not to bother reporting to work on Monday morning. On […]

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[VIDEO] Elizabeth Warren Files Bill To Break Up The Big Banks And Reinstate Glass-Steagall

[VIDEO] Elizabeth Warren Files Bill To Break Up The Big Banks And Reinstate Glass-Steagall

09 July 2015

Senators Warren, McCain, Cantwell and King Introduce 21st Century Glass- Steagall Act Jul 7, 2015 Text of the Legislation Fact Sheet Washington, DC – Senators Elizabeth Warren (D-MA), John McCain (R-AZ), Maria Cantwell (D-WA), and Angus King (I-ME) today will re-introduce the 21st Century Glass-Steagall Act, a modern version of the Banking Act of 1933 […]

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Joseph A. Smith, Jr., released his fifth report on JP Morgan Chase’s progress under its residential mortgage-backed securities (Chase RMBS Settlement)

Joseph A. Smith, Jr., released his fifth report on JP Morgan Chase’s progress under its residential mortgage-backed securities (Chase RMBS Settlement)

09 July 2015

For Immediate Release: July 9, 2015 Contact: Hannah Harrill 919-508-7821 Monitor credits Chase with $3.3 billion in consumer relief in Chase RMBS Settlement Joseph Smith reports on JP Morgan Chase’s progress toward satisfying its $4 billion consumer relief requirement Raleigh, N.C. – Joseph A. Smith, Jr., Monitor of the JP Morgan Chase Residential Mortgage-Backed Securities […]

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