FORECLOSURE FRAUD | by DinSFLA - Part 6
David J. Reiss and Jeffrey Lederman. “Comment on the FHFA’s Small Multifamily Subgoal”

David J. Reiss and Jeffrey Lederman. “Comment on the FHFA’s Small Multifamily Subgoal”

28 October 2014

Comment on the FHFA’s Small Multifamily Subgoal David J. Reiss, Brooklyn Law School Jeffrey Lederman, Brooklyn Law School Abstract As the FHFA sets the housing goals for 2015-2017, it should focus on maximizing the creation and preservation of affordable housing. Less efficient proposed subgoals should be rejected unless the FHFA has explicitly identified a compelling [...]

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City homeowners lose property for just $250 in unpaid taxes

City homeowners lose property for just $250 in unpaid taxes

28 October 2014

Baltimore Sun- Homeowners in Baltimore can lose their houses for as little as $250 in unpaid taxes — a threshold far lower than in other cities — according to a new Abell Foundation report that urges a change in the practice. The report calls on Baltimore officials and the Maryland General Assembly to add protections [...]

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Ocwen to hire independent firm to probe backdated foreclosure letters

Ocwen to hire independent firm to probe backdated foreclosure letters

27 October 2014

What is there to probe?   Daily Mail- Ocwen Financial Corp said it was hiring an independent firm to investigate how the mortgage servicer had sent backdated letters to borrowers about loan modifications and foreclosures and the reason for the delay in fixing the issue. Hundreds of thousands of borrowers facing foreclosure may have been [...]

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Ocwen Writes Open Letter to Homeowners Concerning Letter Dating Issues

Ocwen Writes Open Letter to Homeowners Concerning Letter Dating Issues

27 October 2014

Housing Wire- Ocwen Financial (OCN) has taken a beating after the New York Department of Financial Services sent a letter to the company on Oct. 21 alleging that the company had been backdating letters to borrowers, and now Ocwen is posting an open letter to homeowners. Ocwen CEO Ron Faris writes to its clients explaining [...]

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Harper v. HSBC – FL 1st DCA – HSBC failed to establish the absence of a genuine issue of material fact by refuting one of Harper’sr affirmative defenses.

Harper v. HSBC – FL 1st DCA – HSBC failed to establish the absence of a genuine issue of material fact by refuting one of Harper’sr affirmative defenses.

26 October 2014

IN THE DISTRICT COURT OF APPEAL FIRST DISTRICT, STATE OF FLORIDA KATHLEEN HARPER, Appellant, v. HSBC BANK USA, NATIONAL ASSOC. AS TRUSTEE FOR WELLS FARGO HOME EQUITY ASSET BACKED CERTIFICATES, SERIES 2005-4, ET AL., Appellee. _____________________________/ Opinion filed October 23, 2014. An appeal from the Circuit Court for Duval County. Charles O. Mitchell, Jr., Judge. [...]

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HSBC v. Serban – FL 1st DCA – case was filed more than 5 years before, and 2) the trial notice was entered more than 60 days before trial… the issue of the note’s endorsement

HSBC v. Serban – FL 1st DCA – case was filed more than 5 years before, and 2) the trial notice was entered more than 60 days before trial… the issue of the note’s endorsement

26 October 2014

  HSBC BANK USA, N.A. as Trustee for Nomura Asset Acceptance Corporation Mortgage Pass-Through Certificates, Series 2005-AR5, Appellant, v. COSTEL SERBAN, Appellee. Case No. 1D14-0022.District Court of Appeal of Florida, First District.Opinion filed October 23, 2014.Donna Eng, Michael K. Winston, and Dean A. Morande of Carlton Fields Jorden & Burt, P.A., West Palm Beach, for [...]

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Bank of America’s dark secrets unwind southern author’s life

Bank of America’s dark secrets unwind southern author’s life

24 October 2014

A November 20th foreclosure ruling could decide TJ Fisher’s fate ahead of $70M jury trial vs. the bank (PR NewsChannel) / October 23, 2014 / PALM BEACH, Fla. Bank of America’s ongoing alleged “bad faith” delay tactics and discovery stonewall in author TJ Fisher’s explosive $70 million lawsuit against the bank have stretched the case [...]

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Family: Bank is ‘heartless’ for foreclosing on dead woman’s home

Family: Bank is ‘heartless’ for foreclosing on dead woman’s home

24 October 2014

wsbtv- The family of a murdered woman is calling a local bank “heartless” after the bank filed foreclosure on the dead woman’s home. “I’ve had so many things ripped away from me,” said Stacey White. Her sister, Bridgette Holt, was murdered by her ex-husband, who later took his own life in midtown Atlanta in November [...]

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Fannie Mae v. Steinmann | Washington Supreme Court – the Court of Appeals erred in awarding Fannie Mae attorney fees under the deed of trust and the Residential Landlord-Tenant Act

Fannie Mae v. Steinmann | Washington Supreme Court – the Court of Appeals erred in awarding Fannie Mae attorney fees under the deed of trust and the Residential Landlord-Tenant Act

23 October 2014

IN THE SUPREME COURT OF THE STATE OF WASHINGTON FANNIE MAE A/K/ A FEDERAL NATIONAL MORTGAGE ASSOCIATION, its successors and/or assigns, Respondent, v. RONALD STEINMANN and KATHLEEN STEINMANN, Petitioners, and JOHN and JANE DOE, UNKNOWN OCCUPANTS OF THE PREMISES, Defendants. PER CURIAM-Ronald and Kathleen Steinmann defaulted on a home loan secured by a deed of [...]

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Nash v BANK OF AMERICA, N.A., SUCCESSOR BY MERGER TO BAC HOME LOANS SERVICING, LP, FKA COUNTRYWIDE HOME LOANS SERVICING, LP | FL Circuit Ct – The Note and Mortgage are VOID

Nash v BANK OF AMERICA, N.A., SUCCESSOR BY MERGER TO BAC HOME LOANS SERVICING, LP, FKA COUNTRYWIDE HOME LOANS SERVICING, LP | FL Circuit Ct – The Note and Mortgage are VOID

22 October 2014

The Court finds that: a.) America’s Wholesale Lender, a New York Corporation, the “Lender”, specifically named in the mortgage, did not file this action, did not appear at Trial, and did not Assign any of the interest in the mortgage. b.) The Note and Mortgage are void because the alleged Lender, America’s Wholesale Lender, stated [...]

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HSBC Bank USA, N.A. v Thomas | NYSC – PSA FAIL, AFFIDAVIT FAIL, RPAPL section 1304 FAIL, the PSA does not state that the notes or CEMA have in fact been physically delivered …whether the notes were endorsed…whether the purported allonge was firmly affixed to either note or CEMA

HSBC Bank USA, N.A. v Thomas | NYSC – PSA FAIL, AFFIDAVIT FAIL, RPAPL section 1304 FAIL, the PSA does not state that the notes or CEMA have in fact been physically delivered …whether the notes were endorsed…whether the purported allonge was firmly affixed to either note or CEMA

22 October 2014

Decided on October 10, 2014 Supreme Court, Kings County   HSBC Bank USA, N.A., AS TRUSTEE FOR THE REGISTERED HOLDERS OF RENAISSANCE EQUITY LOAN ASSET- BACKED CERTIFICATES, SERIES 2007-3, , Plaintiff, against Patricia B. Thomas, VINCENT THOMAS, AMERICAN GENERAL HOME EQUITY INC., NYS DEPARTMENT OF TAXATION AND FINANCE, CAPITAL ONE BANK, PARKING VIOLATIONS BUREAU, ENVIRONMENTAL [...]

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CFPB Compliance Bulletin and Policy Guidance – Mortgage Servicing Transfers 2014-24194

CFPB Compliance Bulletin and Policy Guidance – Mortgage Servicing Transfers 2014-24194

22 October 2014

This document is scheduled to be published in the Federal Register on 10/23/2014 and available online at http://federalregister.gov/a/2014-24194, and on FDsys.gov BUREAU OF CONSUMER FINANCIAL PROTECTION 12 CFR Part 1024 Compliance Bulletin and Policy Guidance – Mortgage Servicing Transfers AGENCY: Bureau of Consumer Financial Protection. ACTION: Compliance Bulletin and Policy Guidance. SUMMARY: The Bureau of [...]

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Earliest indicator of banking crisis went ignored – MUST READ

Earliest indicator of banking crisis went ignored – MUST READ

22 October 2014

“The problem with designing something completely foolproof is to underestimate the ingenuity of a complete fool.” I could never get my FDIC supervisors to listen to my suggestion that we begin tracking in 2007 the credit default swap index to detect any sign of problems in the subprime mortgage market. They never thought it would [...]

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Ocwen admits to faulty letters to borrowers

Ocwen admits to faulty letters to borrowers

22 October 2014

OCWEN- Ocwen Addresses Letter From New York Department of Financial Services   ATLANTA, Oct. 21, 2014 (GLOBE NEWSWIRE) — Ocwen Financial Corporation (NYSE:OCN), the nation’s largest independent mortgage servicer, today made the following statement in response to a letter it received from the New York Department of Financial Services (“DFS”) related to erroneously dated borrower [...]

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LETTER | DFS Superintendent Lawsky letter to Ocwen of backdating hundreds of thousands of borrower letters

LETTER | DFS Superintendent Lawsky letter to Ocwen of backdating hundreds of thousands of borrower letters

22 October 2014

Highlights of the letter: letter: On June 19, 2014, the Monitor discovered that Ocwen backdated by 41 days a letter denying a mortgage loan modification.  The letter Ocwen sent to the borrowers was dated June 14, 2012, but the system indicated that it was not sent until July 25, 2012.  Given the seriousness of this [...]

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LETTER | Cummings and Warren Request Investigation into Non-Bank Mortgage Servicing Industry

LETTER | Cummings and Warren Request Investigation into Non-Bank Mortgage Servicing Industry

21 October 2014

Washington, DC – Today, Rep. Elijah E. Cummings, top Democrat on the House Committee on Oversight and Government Reform, and Senator Elizabeth Warren, member of the Senate Committee on Banking, Housing and Urban Affairs, called on the Government Accountability Office (GAO) to investigate threats to consumers arising from the growth in non-bank mortgage servicing. In [...]

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NY regulator says Ocwen backdated foreclosure letters to borrowers

NY regulator says Ocwen backdated foreclosure letters to borrowers

21 October 2014

Reuters- Ocwen Financial Corp, one of the largest U.S. companies that collects mortgage payments, may have harmed hundreds of thousands of borrowers by sending them letters about loan modifications and foreclosures that were dated months earlier, New York’s financial regulator said on Tuesday. The company, which has been under scrutiny by New York’s Department of [...]

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Top Regulator Says Bank CEOs Meant Well — This Evidence Says Otherwise

Top Regulator Says Bank CEOs Meant Well — This Evidence Says Otherwise

21 October 2014

Dumb and Dumber Or Corrupt and Corrupted? HuffPO- The head of one of Wall Street’s most important regulatory agencies argued recently that Big Bank CEOs never intended to break the law or engage in foreclosure fraud. Instead, Thomas Curry of the Office of Comptroller of the Currency tells us they weren’t cautious enough. Internal documents [...]

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Federal-State Split Forming Over MERS’s Authority

Federal-State Split Forming Over MERS’s Authority

21 October 2014

Judges are paid for. SIMPLE. AS. THAT. Take a look at this page if you think it’s confusing http://stopforeclosurefraud.com/mers-101/ The Legal Intelligencer- A split between state and federal courts has begun to emerge over the authority of the mortgage registry company MERS, according to several attorneys who work in the field. Earlier this month, the [...]

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[VIDEO] Georgia woman loses home over $94.85 in unpaid taxes — due to city’s clerical error

[VIDEO] Georgia woman loses home over $94.85 in unpaid taxes — due to city’s clerical error

21 October 2014

This seems to be more of an ongoing issue… I’m afraid. Raw Story- A Georgia woman is facing the loss of her home over less than $100 in unpaid taxes – and she says city officials have admitted they might be to blame. Xui Lui said she never even knew she had an overdue tax [...]

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Prepared Remarks of Melvin L. Watt, Director, FHFA, At the Mortgage Bankers Association Annual Convention

Prepared Remarks of Melvin L. Watt, Director, FHFA, At the Mortgage Bankers Association Annual Convention

20 October 2014

10/20/2014   Prepared Remarks of Melvin L. Watt Director, Federal Housing Finance Agency At the Mortgage Bankers Association Annual Convention Las Vegas, Nevada? ?October 20, 2014   Thank you for having me here this morning.  It’s a pleasure to have my first op?portunity to share the stage with Secretary Castro.  And, of course, I’m always happy [...]

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JP Morgan Set to Pay $1 Billion to Cover Yet Another Fraud

JP Morgan Set to Pay $1 Billion to Cover Yet Another Fraud

20 October 2014

The Blaze- JP Morgan has set aside another $1 billion to cover penalties for manipulating the foreign exchange market. The bank has paid out billions over regulatory violations and lawsuits in the last two years from the “London Whale” trading scandal to fraudulent sales of mortgage backed securities. Meanwhile, Jamie Dimon, Wall Street’s darling, remains [...]

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GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Chip Parker, www.jaxlawcenter.com
Damian Figueroa, South Florida Realtor, Real Estate Agent
Susan Chana Lask, www.appellate-brief.com
Jamie Ranney, www.NantucketLaw.pro

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