FORECLOSURE FRAUD | by DinSFLA - Part 6
California Senate Race Raises Mortgage Settlement

California Senate Race Raises Mortgage Settlement

07 November 2016

NMP- The contentious race to fill the vacant U.S. Senate seat in California has taken a new turn as candidate Rep. Loretta Sanchez accused her rival, state Attorney General Kamala Harris, of bungling the $25 billion National Mortgage Settlement. According to a Los Angeles Times report, Sanchez’s campaign stated that Harris “failed to lead” when […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Amy Howe, Argument preview: Justices to consider scope of Fair Housing Act, SCOTUSblog

Amy Howe, Argument preview: Justices to consider scope of Fair Housing Act, SCOTUSblog

07 November 2016

ScotusBlog- It sounds like a scene from “The Wire,” but with palm trees and swimming pools: Gangs run prostitution rings and criminals hide dead bodies in vacant houses. The illegal activities spill over into the rest of the neighborhood, leading to an overall increase in violent crime and stretching police officers and firefighters thin. Property […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Could States Tax MERS Out of Existence?

Could States Tax MERS Out of Existence?

06 November 2016

New York State of Mind- On Halloween, the Supreme Court decided that it would not hear an appeal challenging the constitutionality of a Connecticut law which takes direct aim at the MERSCORP model. If you provide mortgages, there is a good chance that you benefit from the efficiencies brought about by the MERS system Connecticut […]

Read the full story

Posted in STOP FORECLOSURE FRAUD1 Comment

11 Oregon counties sue private mortgage registry MERS

11 Oregon counties sue private mortgage registry MERS

06 November 2016

Oregon Live- Eleven Oregon counties are suing a mortgage-industry company that registers loan sales, circumventing public property records. The counties — Clackamas, Coos, Crook, Jackson, Josephine, Klamath, Lane, Linn, Marion, Washington and Yamhill — announced Thursday they have filed a $50 million lawsuit over unpaid recording fees since the lending industry created Mortgage Electronic Registration Systems, […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Wells Fargo is also being investigated by the government over its mortgage tactics

Wells Fargo is also being investigated by the government over its mortgage tactics

06 November 2016

Money CNN- Wells Fargo is catching even more heat for alleged bad behavior, this time from the powerful SEC. The Securities and Exchange Commission’s investigation was revealed by Wells Fargo in a regulatory filing Thursday. It joins an increasingly-long list of government agencies probing Wells Fargo (WFC) for issues related to the creation of as […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

A.G. Schneiderman Announces $20 Million In New Funding For Land Banks To Support Communities Struggling From Foreclosure Crisis

A.G. Schneiderman Announces $20 Million In New Funding For Land Banks To Support Communities Struggling From Foreclosure Crisis

06 November 2016

Funding Secured Through Schneiderman’s 2016 Settlements With Morgan Stanley, Goldman Sachs Over Misconduct That Contributed To Housing Crisis Requests For Funding Will Be Accepted From Eight New Land Banks Primarily In Rural Communities Upstate, Plus State’s Original 10 Land Banks  New Funding Comes As A.G. Report Finds New York’s Original 10 Land Banks Have Successfully […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Aurora Loan Servs., LLC v. Baritz | NY 2nd App – plaintiff failed to establish delivery or assignment of the note to MERS prior to its execution of the assignment

Aurora Loan Servs., LLC v. Baritz | NY 2nd App – plaintiff failed to establish delivery or assignment of the note to MERS prior to its execution of the assignment

06 November 2016

Decided on November 2, 2016 SUPREME COURT OF THE STATE OF NEW YORK Appellate Division, Second Judicial Department RANDALL T. ENG, P.J. RUTH C. BALKIN L. PRISCILLA HALL BETSY BARROS, JJ. 2014-11670 2014-11671 (Index No. 14076/09) [*1]Aurora Loan Services, LLC, respondent, v Steven Baritz, appellant, et al., defendants. Charles H. Wallshein, Melville, NY (Charles W. […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

TFH 10/6/2016 |Rebroadcast by popular demand of our December 21, 2014 Show entitled “Exclusive Tell-All Interview With Retired Big Five Bank Executive”

TFH 10/6/2016 |Rebroadcast by popular demand of our December 21, 2014 Show entitled “Exclusive Tell-All Interview With Retired Big Five Bank Executive”

05 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 – October 6, 2016 Rebroadcast by popular demand of our December 21, 2014 Show entitled “Exclusive […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Bank Told Couple NOT to Pay Mortgage While Refinancing. Then They Got a Letter That Ruined Their Lives

Bank Told Couple NOT to Pay Mortgage While Refinancing. Then They Got a Letter That Ruined Their Lives

03 November 2016

IJR- When Elizabeth and David Ball fell onto financially hard times after David lost his job in 2014, they decided to undergo a home loan modification. Upon starting the process with CitiMortgage, Elizabeth clearly remembers asking how to proceed with the payments on their home. [IJR] © 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Florida Supreme Court decision will cause ‘new wave’ of foreclosures

Florida Supreme Court decision will cause ‘new wave’ of foreclosures

03 November 2016

Florida Politics- When a mortgage foreclosure action gets dismissed by a Florida court, it resets the clock on the state’s five-year statute of limitations, the Supreme Court decided Thursday. That means the lender can try again to get paid, as long as it’s within the next five-year period and the borrower had started paying again […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Vien-Phuong Ho v. ReconTrust Company, N.A., et a | 9th Cir. Holds Foreclosure Trustee Not FDCPA ‘Debt Collector’

Vien-Phuong Ho v. ReconTrust Company, N.A., et a | 9th Cir. Holds Foreclosure Trustee Not FDCPA ‘Debt Collector’

03 November 2016

UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT VIEN-PHUONG THI HO, Plaintiff-Appellant, v. RECONTRUST COMPANY, NA, subsidiaries of Bank of America, N.A.; COUNTRYWIDE HOME LOANS INC; BANK OF AMERICA, N.A., Defendants-Appellees. SUMMARY** Fair Debt Collection Practices Act Affirming in part and vacating in part the district court’s dismissal of an action for failure to […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Protecting Lenders from Environmental Liability for Foreclosed Properties

Protecting Lenders from Environmental Liability for Foreclosed Properties

02 November 2016

…there are exemptions that protect lenders from liability for environmental conditions so long as certain requirements are met. JDSupra- Readers may recall an earlier blog post regarding a bank’s potential liability for damage to private property caused by a tree falling onto a neighbor’s property.  In addition to property damage from obvious unsafe conditions, banks […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

WTF ?!?| Appeals court rules Texas laws govern Utah foreclosures by Bank of America

WTF ?!?| Appeals court rules Texas laws govern Utah foreclosures by Bank of America

02 November 2016

The Salt Lake Tribune- Texas laws and not those of Utah govern home foreclosures in this state by Bank of America, a panel of the 10th Circuit Court of Appeals ruled on Wednesday. The decision means that thousands of Utah homeowners who were foreclosed on by Bank of America will not be able to recover […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Long Beach Jury Awards Woman $30.5 Million After Loan Leads to Foreclosure of Home

Long Beach Jury Awards Woman $30.5 Million After Loan Leads to Foreclosure of Home

02 November 2016

KTLA– A Long Beach jury awarded a Los Angeles woman $30.5 million in damages on Friday after unclear loan resulted in the default and foreclosure of her home. Kacey Montoya reports for the KTLA 5 News at 10 on Nov. 1, 2016.   © 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

BIG BANKS TWEAK BUSINESS PLANS TO AVERT NEW REGULATOR COSTS

BIG BANKS TWEAK BUSINESS PLANS TO AVERT NEW REGULATOR COSTS

01 November 2016

WSJ- Five of the country’s biggest banks detailed tweaks to their business models in hopes of persuading regulators they could absorb significant financial distress without requiring taxpayer funds to stay afloat. The stakes are high for J.P. Morgan Chase & Co., Bank of America Corp., and three others. If regulators deem these revisions of their […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

MERS PETITION ON FEES REBUFFED BY U.S. SUPREME COURT

MERS PETITION ON FEES REBUFFED BY U.S. SUPREME COURT

01 November 2016

Bloomberg BNA- The U.S. Supreme Court let stand a Connecticut Supreme Court ruling requiring Mortgage Electronic Registration Systems Inc. (MERS) to pay higher recording fees in that state, opening the door for similar action by other states ( MERSCORP Holdings v. Malloy, U.S., No. 15-cv-01538, cert. den. 10/31/16 ). In February, the Connecticut court upheld […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

WELLS FARGO AGREES TO $50M HOME LOAN SETTLEMENT

WELLS FARGO AGREES TO $50M HOME LOAN SETTLEMENT

01 November 2016

USA TODAY- Wells Fargo (WFC) Friday agreed to pay a $50 million settlement arising out of allegations the bank bilked roughly 250,000 homeowners by padding appraisal fees. The settlement, which still awaits approval by an Oakland, Calif. court, is centered around alleged appraisal markups the banks charged to homeowners who defaulted on mortgage loans. Homeowners who […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Homeowners Claim They Were Burglarized By Their Banks

Homeowners Claim They Were Burglarized By Their Banks

31 October 2016

CBS- Being burglarized is among a homeowner’s worst nightmares. Now, imagine the intruder is actually sent there by your bank. Those break-ins happen more often than you might think. “All the cabinets were open, everything was in disarray,” Davide Adier recalled. [CBS] © 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Securitization of Financial Assets: A Boon or Bane Under SARFAESI Act, 2002?

Securitization of Financial Assets: A Boon or Bane Under SARFAESI Act, 2002?

30 October 2016

Securitization of Financial Assets: A Boon or Bane Under SARFAESI Act, 2002? Salaka Ravi Independent October 24, 2016 The IUP Law Review, Vol. VI, No. 2, April 2016, pp. 43-53 Abstract: In India, after Nationalization, the banks, most of them in the public sector, became an important tool for the socioeconomic revolution in the society, […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

TFH 10/30 | Ten New Specific Legislative Initiatives That Every State Legislature Urgently Needs To Enact To Protect Its Homeowners Against Mortgage Abuse Instead of Relying Further upon Institutionally Ineffective State and Federal Courts for Justice for Homeowners

TFH 10/30 | Ten New Specific Legislative Initiatives That Every State Legislature Urgently Needs To Enact To Protect Its Homeowners Against Mortgage Abuse Instead of Relying Further upon Institutionally Ineffective State and Federal Courts for Justice for Homeowners

30 October 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 – October 30, 2016 Judicial remedies, as every homeowner facing foreclosure painfully knows, have proven […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Ocwen facing CFPB investigation, potential fine for servicing practices

Ocwen facing CFPB investigation, potential fine for servicing practices

28 October 2016

HousingWire- It’s been nearly three years since Ocwen Financial agreed to offer $2 billion in consumer relief and pay up to $127.3 million to settle a Consumer Financial Protection Bureauinvestigation into its servicing practices. That settlement, and others with the New York Department of Financial Services and the California Department of Business Oversight, are among the items that Ocwen’s […]

Read the full story

Posted in STOP FORECLOSURE FRAUD0 Comments

Backed by ‘Occupy’ activists, Loretta Sanchez criticizes Kamala Harris’ signature mortgage settlement

Backed by ‘Occupy’ activists, Loretta Sanchez criticizes Kamala Harris’ signature mortgage settlement

27 October 2016

LA TIMES- Orange County Rep. Loretta Sanchez’s campaign for the U.S. Senate lobbed a new attack at front-runner Kamala Harris on Wednesday, this time criticizing the landmark $25-billion national settlement Harris helped wrestle from the nation’s five largest mortgage firms. The settlement is one of the California attorney general’s biggest victories: A recent ad from Harris’ campaign featured President Obama praising the settlement. Sen. Elizabeth Warren […]

Read the full story

Posted in STOP FORECLOSURE FRAUD1 Comment

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

Archives