FORECLOSURE FRAUD | by DinSFLA - Part 6
Castle law firm cheated the foreclosure system, AG says in trial’s last day

Castle law firm cheated the foreclosure system, AG says in trial’s last day

02 February 2017

Denver Post- Colorado’s largest foreclosure law firm, run by Larry Castle and his wife, Caren, was so good at its job that it had little trouble ginning up creative ways to pad its billings and reap millions in illegitimate profits on the backs of the banks it represented, the affected homeowners, and real estate investors […]

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Heller v. Bank of America, N.A. | FL 2DCA – trial court erred in admitting a copy, rather than the original, of the promissory note into evidence…Improper hearsay testimony

Heller v. Bank of America, N.A. | FL 2DCA – trial court erred in admitting a copy, rather than the original, of the promissory note into evidence…Improper hearsay testimony

01 February 2017

NOT FINAL UNTIL TIME EXPIRES TO FILE REHEARING MOTION AND, IF FILED, DETERMINED IN THE DISTRICT COURT OF APPEAL OF FLORIDA SECOND DISTRICT GINA D. HELLER a/k/a GINA HELLER, Appellant, v. BANK OF AMERICA, NA, successor by merger to BAC HOME LOANS SERVICING, LP f/k/a COUNTRYWIDE HOME LOANS SERVICING LP, Appellee. ___________________________________ Opinion filed January […]

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Seattle council committee votes to divest $3Billion from Wells Fargo over DAPL

Seattle council committee votes to divest $3Billion from Wells Fargo over DAPL

01 February 2017

King5- Seattle is on track to end ties with Wells Fargo over the Dakota Access Oil Pipeline. The Seattle City Council Finance Committee voted 8-0 on Wednesday to divest $3 billion in City of Seattle money out of Wells Fargo over the bank’s role as lender for the Dakota Access Pipeline and seek a more […]

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OC INTERIOR SERVICES v NATIONSTAR | CA Appeals Ct – We reverse as the void default judgment was a nullity for all purposes, including as against a purported bona fide purchaser for value

OC INTERIOR SERVICES v NATIONSTAR | CA Appeals Ct – We reverse as the void default judgment was a nullity for all purposes, including as against a purported bona fide purchaser for value

31 January 2017

h/T Gary Dubin Law Filed 1/31/17 CERTIFIED FOR PUBLICATION COURT OF APPEAL, FOURTH APPELLATE DISTRICT DIVISION ONE STATE OF CALIFORNIA OC INTERIOR SERVICES, LLC as Trustee, etc., Plaintiff and Respondent, v. NATIONSTAR MORTGAGE, LLC et al., Defendants and Appellants. In this case, plaintiff OC Interior Services, Inc. (OCI) purchased real property knowing about a recorded […]

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CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme

CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme

31 January 2017

Real Estate Brokers and Mortgage Servicer That Took Kickbacks from Prospect Also Ordered to Pay $495,000 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against Prospect Mortgage, LLC, a major mortgage lender, for paying illegal kickbacks for mortgage business referrals. The CFPB also took action against two real estate brokers and […]

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The CFPB’s arbitration rule would restore consumers’ ability to join together in court to hold banks and lenders accountable when they break the law.

The CFPB’s arbitration rule would restore consumers’ ability to join together in court to hold banks and lenders accountable when they break the law.

31 January 2017

OVERVIEW Banks and lenders bury terms in the fine print to block consumers from challenging fraud or hidden fees in court. Instead, these “ripoff clauses” force harmed consumers to challenge large corporations one by one in arbitration – a secretive system designed to favor banks and lenders. Known as forced arbitration, this practice deprives consumers […]

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Remember Robo-Signing at Banks? Neither Does Mnuchin

Remember Robo-Signing at Banks? Neither Does Mnuchin

31 January 2017

Bloomberg View- The question could not have been more straightforward: During the foreclosure crisis that began after the housing bubble burst, did OneWest Bank engage in the illegal practice of “robo-signing” to speed foreclosures of homeowners? OneWest was formerly known as Indy Mac, the troubled thrift taken over by the federal government and sold to […]

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Court Orders Justice Dept. to Release Fannie Mae and Freddie Mac Documents

Court Orders Justice Dept. to Release Fannie Mae and Freddie Mac Documents

30 January 2017

NYT- Casting a ray of sunlight on a case that has been shrouded in secrecy, a federal appeals court ruled on Monday that the government must produce a raft of documents to plaintiffs suing over its decision to seize all the profits of Fannie Mae and Freddie Mac, the mortgage finance giants that were put […]

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IL SB0718 | 2017-2018 | 100th General Assembly – Amends the Mortgage Foreclosure Article of the Code of Civil Procedure. Provides that provisions concerning an additional fee paid by residential foreclosure plaintiffs

IL SB0718 | 2017-2018 | 100th General Assembly – Amends the Mortgage Foreclosure Article of the Code of Civil Procedure. Provides that provisions concerning an additional fee paid by residential foreclosure plaintiffs

30 January 2017

Status Spectrum: Partisan Bill (Democrat 1-0) Status: Introduced on January 30 2017 – 25% progression Action: 2017-01-30 – Referred to Assignments Pending: Senate Assignments Committee Text: Latest bill text (Introduced) [HTML]   Summary Amends the Mortgage Foreclosure Article of the Code of Civil Procedure. Provides that provisions concerning an additional fee paid by residential foreclosure […]

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Foreclosure fanatic: Mnuchin’s past actions make him a risky selection

Foreclosure fanatic: Mnuchin’s past actions make him a risky selection

29 January 2017

The Hill- The recent hearing on the nomination of Steven Mnuchin for secretary of the Treasury Department revealed a man unable or unwilling to provide many additional facts about his controversial history running OneWest Bank. Mnuchin said in his Senate confirmation hearing that he was proud of his work, but the facts show there’s little […]

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Wells Fargo Complaints Vanish From Labor Department Website

Wells Fargo Complaints Vanish From Labor Department Website

29 January 2017

HuffPO- In the latest example of an apparent information purge by the Trump administration, bank employee complaints against Wells Fargo have vanished from the federal Department of Labor’s website. The entire page established to help protect whistleblowers and collect complaints against the bank has been “disappeared.” The page was created in September when the Labor Department […]

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TFH 1/29 | Foreclosure Workshop #26: OneWest v. Katonah Development — A Case Study Documenting Ten Ways in Which Steve Mnuchin’s OneWest Appears To Have Ruthlessly and Criminally Defrauded America’s Homeowners, State and Federal Courts, and the United States Treasury from 2009 to 2015

TFH 1/29 | Foreclosure Workshop #26: OneWest v. Katonah Development — A Case Study Documenting Ten Ways in Which Steve Mnuchin’s OneWest Appears To Have Ruthlessly and Criminally Defrauded America’s Homeowners, State and Federal Courts, and the United States Treasury from 2009 to 2015

28 January 2017

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 – January 29, 2017 Foreclosure Workshop #26: OneWest v. Katonah Development — A Case Study Documenting […]

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Government’s Fannie Mae will back PE giant Blackstone’s rental homes debt

Government’s Fannie Mae will back PE giant Blackstone’s rental homes debt

26 January 2017

CNBC- Mortgage giant Fannie Mae is getting into the single-family rental business in a big way. The government-backed agency said it is going into business with private equity giant and major housing player Blackstone by backing $1 billion in debt. Blackstone’s Invitation Homes filed for an initial public offering this week, and the Fannie Mae […]

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Citigroup Paying $18 Million for Overbilling Clients

Citigroup Paying $18 Million for Overbilling Clients

26 January 2017

FOR IMMEDIATE RELEASE 2017-35 Washington D.C., Jan. 26, 2017 —The Securities and Exchange Commission today announced that Citigroup Global Markets has agreed to pay $18.3 million to settle charges that it overbilled investment advisory clients and misplaced client contracts. The SEC’s order finds that at least 60,000 advisory clients were overcharged approximately $18 million in […]

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FL House Bill 471 | allow a lienholder to submit any document from a mortgagee’s bankruptcy case that suffices as an “admission by the defendant” that he or she intended to surrender the property.

FL House Bill 471 | allow a lienholder to submit any document from a mortgagee’s bankruptcy case that suffices as an “admission by the defendant” that he or she intended to surrender the property.

25 January 2017

F L O R I D A    H O U S E   O F   R E P R E S E N T A T I V E S HB471 1 A bill to be entitled 2 An act relating to mortgage foreclosures; creating s. 3 702.12, F.S.; authorizing certain lienholders to […]

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Société Générale Agrees To Pay $50 Million Penalty To Settle RMBS Fraud Claims

Société Générale Agrees To Pay $50 Million Penalty To Settle RMBS Fraud Claims

25 January 2017

United States Attorney Robert L. Capers announced today that Société Générale, S.A. will pay a $50 million civil penalty to resolve claims related to its activities, which were conducted through several affiliates (together, “SocGen”), in connection with the marketing, sale, and issuance of a residential mortgage-backed security (“RMBS”) named SG Mortgage Securities Trust 2006-OPT2 (“SG […]

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Federal Banking Agencies Fine ServiceLink Holdings $65 Million For Improper Actions By Lender Processing Services, Inc. (LPS) Deficiencies

Federal Banking Agencies Fine ServiceLink Holdings $65 Million For Improper Actions By Lender Processing Services, Inc. (LPS) Deficiencies

24 January 2017

Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency NR 2017-13 FOR IMMEDIATE RELEASE January 24, 2017 Federal Banking Agencies Fine ServiceLink Holdings $65 Million WASHINGTON—The federal banking agencies today fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions by its […]

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Deutsche Bank fails to end BlackRock, Pimco mortgage debt lawsuit

Deutsche Bank fails to end BlackRock, Pimco mortgage debt lawsuit

24 January 2017

Reuters- A U.S. judge on Monday narrowed but refused to dismiss a lawsuit seeking to hold Deutsche Bank AG (DBKGn.DE) liable to investors, including dozens of portfolios from BlackRock Inc (BLK.N) and Pacific Investment Management Co, for losses on poorly underwritten residential mortgage-backed securities. The proposed class-action lawsuit sought to recover “significant monetary damages” arising […]

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Credit Suisse Agrees to Pay $5.28 Billion in Connection with its Sale of Residential Mortgage-Backed Securities

Credit Suisse Agrees to Pay $5.28 Billion in Connection with its Sale of Residential Mortgage-Backed Securities

24 January 2017

The Justice Department announced today a $5.28 billion settlement with Credit Suisse related to Credit Suisse’s conduct in the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS) between 2005 and 2007.  The resolution announced today requires Credit Suisse to pay $2.48 billion as a civil penalty under the Financial Institutions Reform, Recovery […]

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Fla. Court Holds Payment Statement Sent After Consent Foreclosure Violated FCCPA, Rejects ‘Competent Attorney’ Standard

Fla. Court Holds Payment Statement Sent After Consent Foreclosure Violated FCCPA, Rejects ‘Competent Attorney’ Standard

24 January 2017

Lexology- The Appellate Division of the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida recently reversed summary judgment in favor of a mortgage loan servicer in a case filed by a borrower under the Florida Consumer Collections Practices Act (FCCPA), holding that: (a) the account statement at issue improperly […]

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LIBERTY HOME EQUITY SOLUTIONS v HASSAN | ATTY Fees Awarded – Defendant never failed to occupy the subject property and there is no clause in either the promissory note or the Mortgage that requires Defendant to provide an annual certification of occupancy..

LIBERTY HOME EQUITY SOLUTIONS v HASSAN | ATTY Fees Awarded – Defendant never failed to occupy the subject property and there is no clause in either the promissory note or the Mortgage that requires Defendant to provide an annual certification of occupancy..

23 January 2017

H/T Corona Law Firm IN THE CIRCUIT COURT OF THE 11TH JUDICIAL CIRCUIT, IN AND FOR MIAMI-DADE COUNTY, FLORIDA CASE NO: 2016-8579-CA-01 LIBERTY HOME EQUITY SOLUTIONS INC. FORMERLY KNOWN AS GENWORTH FINANCIAL HOME EQUITY ACCESS INC., Plaintiff, vs. FELICIA EL HASSAN, et al., Defendant. ________________________________/ ORDER GRANTING DEFENDANT’S MOTION FOR ATTORNEY’S FEES AND COSTS THIS […]

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SCOTUS to Decide Whether Entity is FDCPA ‘Debt Collector’ Merely Because It Purchases Defaulted Debt

SCOTUS to Decide Whether Entity is FDCPA ‘Debt Collector’ Merely Because It Purchases Defaulted Debt

23 January 2017

Lexology- The Supreme Court of the United States recently decided that it will review the decision of the U.S. Court of Appeals for the Fourth Circuit in Henson v. Santander Consumer USA, Inc. As you may recall from our prior update, the U.S. Court of Appeals for the Fourth Circuit held that the fact that […]

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