FORECLOSURE FRAUD | by DinSFLA - Part 6
Big banks lose as U.S. appeals court revives Libor lawsuits

Big banks lose as U.S. appeals court revives Libor lawsuits

24 May 2016

Reuters- A U.S. appeals court on Monday revived private antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for their defense against investors’ claims of market-rigging. The 2nd U.S. Circuit Court of Appeals in Manhattan reversed a lower court judge’s dismissal of investors’ antitrust claims against […]

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Foreclosure Delay and the U.S. Labor Market

Foreclosure Delay and the U.S. Labor Market

23 May 2016

Foreclosure Delay and the U.S. Labor Market Mortgage foreclosure delays during the Great Recession improved job match quality, homeownership retention and national income Kyle Herkenhoff | Visiting Scholar Lee E. Ohanian | Consultant Published May 3, 2016 PDF Version Economic Policy Papers are based on policy-oriented research produced by Minneapolis Fed staff and consultants. The […]

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Bank of America $1.27 billion U.S. mortgage penalty is voided

Bank of America $1.27 billion U.S. mortgage penalty is voided

23 May 2016

Reuters- A U.S. appeals court on Monday threw out a jury’s finding that Bank of America Corp was liable for mortgage fraud leading up to the 2008 financial crisis, voiding a $1.27 billion penalty and dealing the U.S. Department of Justice a major setback. The 2nd U.S. Circuit Court of Appeals in New York found […]

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FDIC v FIRST HORIZON ASSET SECURITIES, INC.| Clock did not run out on FDIC lawsuit vs big banks – U.S. court

FDIC v FIRST HORIZON ASSET SECURITIES, INC.| Clock did not run out on FDIC lawsuit vs big banks – U.S. court

22 May 2016

Reuters- The U.S. government on Thursday won a victory in its effort to hold big banks liable for selling older toxic debt as a divided federal appeals court in New York revived a Federal Deposit Insurance Corp lawsuit over the 2009 collapse of Alabama’s Colonial BancGroup Inc. In a 2-1 decision on Thursday, the 2nd […]

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Gretchen Morgenson: Fannie Mae and Freddie Mac being “held captive”

Gretchen Morgenson: Fannie Mae and Freddie Mac being “held captive”

22 May 2016

New York Times- When Washington took over the beleaguered mortgage giants Fannie Mae and Freddie Mac during the collapse of the housing market and the financial crisis of 2008, it was with the implicit promise that they would be returned to shareholders after being nursed back to health. But now, with the unsealing of documents […]

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TFH 5/22/16 | An Exclusive Live Interview with Florida Trial and Appellate Attorney Jacqulyn Mack Revealing the Hidden Secrets of Securitized Trusts

TFH 5/22/16 | An Exclusive Live Interview with Florida Trial and Appellate Attorney Jacqulyn Mack Revealing the Hidden Secrets of Securitized Trusts

20 May 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 – May 22, 2016 An Exclusive Live Interview with Florida Trial and Appellate Attorney Jacqulyn Mack […]

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Tampa Bay still sits near the top of the nation for ‘zombie homes’ in foreclosure

Tampa Bay still sits near the top of the nation for ‘zombie homes’ in foreclosure

19 May 2016

Tampa Bay Times- The Tampa Bay metro area continues to have one of the nation’s largest number of “zombie foreclosures” — vacant homes that banks are repossessing. According to RealtyTrac, 627 bay area homes in some stage of foreclosure sat empty during the first three months of this year. Among metro areas with at least […]

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SCIARRATTA vs U.S. BANK | CA 4DCA – Accordingly, we conclude that a homeowner who has been foreclosed on by one with no right to do so—by those facts alone—sustains prejudice or harm sufficient to constitute a cause of action for wrongful foreclosure

SCIARRATTA vs U.S. BANK | CA 4DCA – Accordingly, we conclude that a homeowner who has been foreclosed on by one with no right to do so—by those facts alone—sustains prejudice or harm sufficient to constitute a cause of action for wrongful foreclosure

18 May 2016

H/T Gary Dubin Filed 5/18/16 CERTIFIED FOR PUBLICATION COURT OF APPEAL, FOURTH APPELLATE DISTRICT DIVISION ONE STATE OF CALIFORNIA MONICA SCIARRATTA, Plaintiff and Appellant, v. U.S. BANK NATIONAL ASSOCIATION, as trustee, etc., et al., Defendants and Respondents. D069439 (Super. Ct. No. RIC1301485) APPEAL from a judgment of the Superior Court of Riverside County, John Vineyard, […]

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Home bidder believes investors are snapping up government foreclosure properties against the rules

Home bidder believes investors are snapping up government foreclosure properties against the rules

17 May 2016

ABC Action News- After the housing crash, the Federal National Mortgage Association, or Fannie Mae, set up the Homepath program, allowing people who planned to live in previously foreclosed homes an opportunity to buy them before investors. But the I-Team has learned that the program doesn’t always work to put owner-occupants in homes, since rules […]

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Florida Didn’t Even Bother Applying For $250 Million in Foreclosure Assistance Funds

Florida Didn’t Even Bother Applying For $250 Million in Foreclosure Assistance Funds

16 May 2016

Miami New Times- Florida is ground zero of the foreclosure crisis. No other state even touches Florida when it comes to the number of foreclosures over the past decade. So you would figure our state government would be first in line when it comes to taking advantage of federal assistance programs meant to help regular Floridians. You […]

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Former Wells Fargo Employee Claims Bank Defrauded Government Of $1.4B In Foreclosure Funding

Former Wells Fargo Employee Claims Bank Defrauded Government Of $1.4B In Foreclosure Funding

16 May 2016

Consumerist- There has been no shortage of lawsuits filed against Wells Fargo in recent years, from accusations the bank pushed mortgages on borrowers who couldn’t repay them to claims the company pressed employees to engage in fraudulent conduct with regard to customer accounts. Now, a recently unsealed whistleblower lawsuit melds together those issues, claiming the […]

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TFH 5/15/16 | Foreclosure Workshop #13: Baker v. Northwest Trustee Services: A Case Study in How To Retroactively Reverse a Foreclosure Judgment Based on a Subsequent Change in Governing Case Law

TFH 5/15/16 | Foreclosure Workshop #13: Baker v. Northwest Trustee Services: A Case Study in How To Retroactively Reverse a Foreclosure Judgment Based on a Subsequent Change in Governing Case Law

15 May 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 – May 15, 2016 Foreclosure Workshop #13: Baker v. Northwest Trustee Services: A Case Study in […]

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M&T BANK AGREES TO PAY $64 MILLION TO RESOLVE ALLEGED FALSE CLAIMS ACT LIABILITY ARISING FROM FHA-INSURED MORTGAGE LENDING

M&T BANK AGREES TO PAY $64 MILLION TO RESOLVE ALLEGED FALSE CLAIMS ACT LIABILITY ARISING FROM FHA-INSURED MORTGAGE LENDING

13 May 2016

Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Friday, May 13, 2016 M&T Bank Agrees to Pay $64 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending M&T Bank Corp. (M&T Bank) has agreed to pay the United States $64 million to resolve allegations that it violated the False […]

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California Supreme Court’s decision on old foreclosure may cost future borrowers

California Supreme Court’s decision on old foreclosure may cost future borrowers

11 May 2016

NorcalRecord- The cost to obtain a home loan may go up due to a recent California Supreme Court decision that paves the way for homeowners in default to challenge the validity of their foreclosure, according to a financial industry attorney specializing in lending disputes and real estate. The California Supreme Court ruled earlier this year […]

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Vancouver Veteran Files Suit Over 2010 Home Foreclosure

Vancouver Veteran Files Suit Over 2010 Home Foreclosure

11 May 2016

OPB- A U.S. Marine Corps veteran who faced foreclosure on his Vancouver home while serving in Iraq has filed a lawsuit against the home’s lender, saying that the company violated a federal law that provides mortgage relief for active-duty military members. In the federal lawsuit, Vancouver resident Jacob McGreevey is seeking $500,000 or an amount determined […]

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Trump Names Foreclosure King as Finance Chairman, Is Not Actually a Populist

Trump Names Foreclosure King as Finance Chairman, Is Not Actually a Populist

10 May 2016

Slate- Donald Trump has successfully run for the Republican presidential nomination as a friend of the common man. His speeches are about standing up for people who’ve been victimized by the recession, free trade agreements, and marauding hordes of Mexican rapists. His voters—relative to other Republicans, though not to Americans as a whole—skew working-class. He […]

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Why more widowed homeowners are struggling to prevent a foreclosure

Why more widowed homeowners are struggling to prevent a foreclosure

09 May 2016

LA TIMES- When Jesus Sequeira’s wife, Yadira, died in 2008 from lung cancer, times soon grew tough. Sequeira said his income plunged, leaving him unable to pay the mortgage on the couple’s Canyon Country home when payments more than doubled a year later. Sequeira hoped a loan modification might save him, but there was a […]

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A veteran’s fight to keep his home from foreclosure

A veteran’s fight to keep his home from foreclosure

09 May 2016

WTNH- MIDDLETOWN, Conn. (WTNH)–For Brendan and Janette Cameron, home is truly where the heart is. “We got married after we bought the house. In the backyard. We’d been together for a very long time but I didn’t want to get married until we had our own place,” said Brendan. The couple says it was a […]

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Foreclosure Workshop #12: How And When You Can Use Either Rule 60(b) Or An Independent Action To Save Your Home Post-Judgment If Your Foreclosing Mortgagee Did Not Own Your Promissory Note And Mortgage When It Filed Its Foreclosure Complaint

Foreclosure Workshop #12: How And When You Can Use Either Rule 60(b) Or An Independent Action To Save Your Home Post-Judgment If Your Foreclosing Mortgagee Did Not Own Your Promissory Note And Mortgage When It Filed Its Foreclosure Complaint

07 May 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 – May 8, 2016 Foreclosure Workshop #12: How And When You Can Use Either Rule 60(b) […]

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Less than 1 percent of seriously underwater properties qualify for principal reduction

Less than 1 percent of seriously underwater properties qualify for principal reduction

05 May 2016

Reuters- RealtyTrac®, a national source for comprehensive housing data, today released its Q1 2016 U.S. Home Equity and Underwater Report, which estimates that less than 1 percent of all seriously underwater properties nationwide potentially qualify for principal loan forgiveness under a new mortgage modification program introduced in April by the Federal Housing Finance Agency, which […]

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Jacobson v BAYVIEW LOAN SERVICING | Violated the (“FDCPA”), 15 U.S.C. § 1692a-p, and the (“MCPA”), Title 30, Chapter 14, part 1, MCA…Awarded Nearly $400K

Jacobson v BAYVIEW LOAN SERVICING | Violated the (“FDCPA”), 15 U.S.C. § 1692a-p, and the (“MCPA”), Title 30, Chapter 14, part 1, MCA…Awarded Nearly $400K

05 May 2016

H/T Dave Krieger May 4 2016 Case Number: DA 15-0108 DA 15-0108 IN THE SUPREME COURT OF THE STATE OF MONTANA 2016 MT 101 ROBIN C. JACOBSON and KATHLEEN S. JACOBSON, Plaintiffs and Appellees, v. BAYVIEW LOAN SERVICING, LLC, and CHARLES J. PETERSON, Trustee, Defendants and Appellants. APPEAL FROM: District Court of the Twenty-Second Judicial […]

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Even Bank Lawyer Says Pro-Lender Appeals Court Gets It Wrong

Even Bank Lawyer Says Pro-Lender Appeals Court Gets It Wrong

04 May 2016

DBR- The Third District Court of Appeal issued a remarkable opinion concerning the statute of limitations in mortgage foreclosure actions. The court had previously determined in its 2014 Deutsche Bank v. Beauvais opinion that the statute barred Deutsche Bank from filing a foreclosure action five years after the borrower’s default and the lender’s acceleration demanding […]

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