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Foreclosure deal near as banks win more immunity

Foreclosure deal near as banks win more immunity


It’s official now and it’s very clear that the AG’s behind this foreclosure fraud settlement are purposely doing something so insane that it does not surprise us. For example, take the Michael Hudson’s iWatch series that takes us behind the scenes of what really went down in Countrywide.

Now take a look at what Reuters is reporting the AG’s want to include in the settlement

In recent days, the state attorneys general agreed to release major banks from claims that they made legal errors when first originating the loans, such as approving loans for borrowers without verifying any income, according to two people familiar with the talks.

Is there any other reports out there of more fraudulent activity we can post so this also gets included in the settlement before it’s wrapped up in the coming few days?

Michael?

Gretchen?

Anything?

 …Lets add “Toxic Title” to this equation!

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Morning Joe: Del. AG Biden tells It EXACTLY how It Is, “AG’s Job is to Make Sure there Is “Criminal” Accountability”

Morning Joe: Del. AG Biden tells It EXACTLY how It Is, “AG’s Job is to Make Sure there Is “Criminal” Accountability”


You must love AG Beau Biden for telling it exactly how it is…Forget that he is who he is and listen as if he is a victim of Foreclosure Fraud himself.

Please watch this all.

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Mortgage refinance doesn’t belong in the settlement talks

Mortgage refinance doesn’t belong in the settlement talks


Will add that by signing “new docs” you will create “new paper”… Banks and The “People” that work for them, doing what comes naturally and secretly going around cutting corners? The Fraudulent Twins – When we’re talking about reducing payments to Freddie and Fannie mortgage holders, we’re really talking about reducing payments to ourselves. Lets not forget the talks about the government rental program… inventions never end.

Like everything else they attempt, these too shall fail.

p.s. Flip Flop BS: What ever happened to “A key objection is the “moral hazard” created by the proposal to reduce homebuyers’ loans because it “rewards those who simply choose not to pay their mortgage”?

REUTERS-

The WSJ has the latest mortgage-settlement trial balloon, and it’s pretty weak tea: under the terms of the deal, if (a) you’re underwater on your mortgage, and (b) you’re current on your mortgage payments, and (c) your mortgage is owned by the bank outright, rather than having been securitized, then you would be given the opportunity to refinance your mortgage at prevailing market rates.

[REUTERS]

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Rumors swirling that Foreclosure Settlement is trying to “Entice” CA AG Harris to Come Back

Rumors swirling that Foreclosure Settlement is trying to “Entice” CA AG Harris to Come Back


Source close to AG “robo” foreclosure settlement talks says underwater refi proposal designed to bring California AG back to table…

Are they playing her? Knowing very well all she knows, will she allow herself to be played?

Once they lure her… they will do a 360.

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Be Prepared, New Wave of Foreclosures Coming

Be Prepared, New Wave of Foreclosures Coming


This can only mean one thing. Are your mark, get set, go! The settlement is about to be signed, sealed and delivered!

The new wave will also mean more fraud and more title defects America. You continue to get sold out and tossed for the bankers who are too big too fail. Get your money out of these banks immediately. Don’t complain, don’t explain when you continue to get screwed….now, you’re doing this to yourself.

REUTERS-

The paralyzed U.S. housing market is once again up against an obstacle it has seen before — mounting foreclosures.

And a fresh drop in home prices is likely to result.

Banks have stepped up the pace of home seizures after a year-long slowdown brought on by the “robo-signing” scandal in which banks were accused of seizing properties without a proper review of loan documents.

[REUTERS]

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Eric Holder sides with banks against state AGs in Foreclosure Fraud and Robo-Signing settlement talks

Eric Holder sides with banks against state AGs in Foreclosure Fraud and Robo-Signing settlement talks


Fox Business-

The Obama Administration has finally found something it can agree on with the nation’s big banks: The need for the 50 state attorneys general to finally reach a deal to end the year-long investigation into faulty mortgage foreclosure practices and reach a long-awaited settlement, the FOX Business Network has learned.

People at the big banks say the Obama Administration is prodding the state AGs, led by Iowa’s Tom Miller, to agree on a deal that is currently on the table that calls for fines and revised mortgage foreclosure practices — but also limits banks’ liability on legal action.

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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[VIDEO] AG Beau Biden TOTALLY Gets It!  “One of The Greatest Fraud in The Courts of American History”

[VIDEO] AG Beau Biden TOTALLY Gets It! “One of The Greatest Fraud in The Courts of American History”


Excellent video clip. Watch this and tell me if he doesn’t get the fraud. Delaware, Mass., Nevada and NY should be very proud of their AG’s. We are waiting for the rest to show a bit more strength.

Not Done Until The Core of Mortgage Back Securities Is Investigated.

UP w/ Chris Hayes

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Massachusetts Attorney General Coakley Says She May Sue Banks

Massachusetts Attorney General Coakley Says She May Sue Banks


Bloomberg is reporting this breaking news, saying she “lost confidence” that they will present an agreement to adequately resolve foreclosure disputes.

As soon as more info develops, it shall be posted.

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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California breaks from 50-state probe into mortgage lenders

California breaks from 50-state probe into mortgage lenders


California, be sure you give her your support. This is big news.

 

LA TIMES-

California Atty. Gen. Kamala Harris will no longer take part in a national foreclosure probe of some of the nation’s biggest banks, which are accused of pervasive misconduct in dealing with troubled homeowners.

Harris removed herself from talks by a coalition of state attorneys general and federal agencies investigating abusive foreclosure practices because the nation’s five largest mortgage servicers were not offering California homeowners relief commensurate to what people in the state had suffered, a person familiar with the matter said.

The big banks were also demanding to be granted overly broad immunity from legal claims that could potentially derail further investigations into Wall Street’s role in the mortgage meltdown, the person said.

The removal of California from the discussions is a major blow to fraying efforts…

[LA TIMES]

[ipaper docId=67010605 access_key=key-5sgaycpwoa7sh9jke5i height=600 width=600 /]

 

© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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Kamala Harris pressured to reject bank Foreclosure Fraud settlement

Kamala Harris pressured to reject bank Foreclosure Fraud settlement


UPDATE: California breaks from 50-state probe into mortgage lenders

Lets make this perfectly clear, If one’s job is to enforce the law and make sure the people are protected but choose otherwise, than you must step down and give the power to another who will make sure justice and the rule of law is carried out. Not one person should try to convince the AG not do what they are there to do AND that is to Protect ThePeople. We see what’s going on in Florida and in other states and quite frankly this is deeply disturbing.

LA TIMES-

California Atty. Gen. Kamala Harris is attracting increasing pressure from powerful Golden State players to reject a major settlement with U.S. banks accused of wrongful foreclosures.

Lt. Gov. Gavin Newsom has joined a group of California union leaders, activists and politicians in calling the direction of negotiations “a deeply flawed settlement proposal with the banks at the heart of the nation’s mortgage crisis.”

Harris has emerged as a key player in pursuing the nationwide settlement with major U.S. banks accused of wrongfully foreclosing on homeowners. She has been urged to take a hard line by consumer groups seeking help for homeowners devastated by the mortgage crisis.

[LA TIMES]

image credit: Laist

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