Jack Conway | FORECLOSURE FRAUD | by DinSFLA

Tag Archive | "Jack Conway"

Mason County, KY joins lawsuit against MERS to reclaim fees

Mason County, KY joins lawsuit against MERS to reclaim fees


Just today we learned that Legal Action Against MERS Has Been Dropped in Kentucky, so lets see what develops from this. Keep in mind that this does not rule out other states as there are different laws in each. Also, KY AG has subpoenaed MERS.

MERS et al. are probably going after the states that might appear easy.

Ledger-

Every time a mortgage changes hands in Kentucky, the transaction is to be registered at the county clerk’s office and a fee is to be paid.

On Thursday, Mason County joined with several other counties, including Franklin and Warren counties, across the state in a class action lawsuit against a mortgage registration company which has failed to comply with the law, which is regulated under KRS 382.110(1).

Mortgage Electronic Registration Systems, also known as MERS, is comprised of shareholders of some of the largest mortgage lending institutions in the nation.

[MAYSVILLE-ONLINE]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (1)

Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS

Warren County, Kentucky likely to join class action against banks involved with MERS, AG subpoenas MERS


BGDAILYNEWS-

While details remain scarce, it is expected that Warren County will enter a class-action lawsuit Monday against several banks involved with Mortgage Electronic Registration System Inc., county officials indicated Thursday.

Warren County Fiscal Court voted unanimously Thursday to grant authority for the county to engage the law firms of Spurgeon & Tinker, Gregory Stumbo, and Whiteford Taylor & Preston, to represent Warren County in a class-action lawsuit.

 Last week, Kentucky Attorney General Jack Conway said he subpoenaed MERS, which he believes might have circumvented Kentucky law by failing to properly record mortgage assignments or pay filing fees with county clerks throughout the state.

[BGDAILYNEWS]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (1)

Dear Attorneys General: If You Want to Be Re-elected, Sue the Banks.

Dear Attorneys General: If You Want to Be Re-elected, Sue the Banks.


By Abigail Caplovitz Field |

Dear Attorneys General:

If you want to be reelected–in those 41 states where voters get to have their say on how well you’re doing your job–you’d better get busy and indict some document fraudsters, or at least sue the big banks for their deceptive and deeply damaging practices. That’s because voters are catching on to just how above the law bankers believe they are. And if you don’t make a real effort to hold the banks accountable–NO, the “50 state” settlement Santa’s supposedly giving to the banks doesn’t count, as I’ll get to–if you don’t make a real effort to hold the banks to account, you’ll get voted out for any candidate that credibly promises accountability.

See, the gig is up.

[...]

[REALITY CHECK]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

VIDEO: Beau Biden talks Alex Wagner about Foreclosure Fraud & Accountability

VIDEO: Beau Biden talks Alex Wagner about Foreclosure Fraud & Accountability


“Average Americans lost 16 Trillion dollars flushed down the toilet, No accountability”

“Man-made Disaster”

“Losing your home is like losing your child”

 

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

Iowa AG Expected to Press California AG to Join Foreclosure Settlement

Iowa AG Expected to Press California AG to Join Foreclosure Settlement


My mother always said “Don’t have nothing good to say, Don’t say anything at all”

FOX BUSINESS-

The impasse over the nationwide mortgage foreclosure settlement continues, but could a meeting Tuesday provide the much needed breakthrough that brings the California Attorney General into the settlement and paves the way for a deal?

Some people close the negotiations say yes. That is because California Attorney General Kamala Harris will be attending a meeting with Iowa’s Attorney General, Tom Miller, who is leading the negotiations with the banks over faulty mortgage foreclosures and who is likely to press Harris to join the broader group.

.
© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

Foreclosure settlement talks push ahead without California, One proposal pegs deal at around $19 billion

Foreclosure settlement talks push ahead without California, One proposal pegs deal at around $19 billion


Absolutely no respect for the AG’s who are doing their jobs. Absolutely no consideration for the valid reasons why they simply will not settle to the greatest heist in American History.

WSJ-

Bank representatives and government officials are working on a broad settlement of most state and federal foreclosure-practices investigations that could move forward without the participation of California, long considered a key to any deal, people familiar with the negotiations said.

The terms of the deal remain fluid. Banks have proposed a deal excluding California that would carry a value of $18.5 billion, though the final outcome remains uncertain, people familiar with the discussion said.

Negotiators are continuing to make a push to persuade California to join a settlement valued at $25 billion among federal officials, state attorneys general and the …

[WALL STREET JOURNAL]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (1)

Rep. Maxine Waters: California Deserves a Better Deal

Rep. Maxine Waters: California Deserves a Better Deal


HuffPO-

A recent editorial in the LA Times, “California Should Make that Mortgage Deal,” admonishes California Attorney General Kamala Harris for her insistence on ensuring that the big banks that caused the foreclosure crisis in our state pay their fair share to our homeowners. The editors urge Attorney General Harris to take the deal that’s currently on the table, even though she knows–and California’s homeowners know–that the deal isn’t good enough.

[HUFFINGTONPOST]

 

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

ED KOCH: Mr. President, Stop the Great Bank Heist – “MERS”

ED KOCH: Mr. President, Stop the Great Bank Heist – “MERS”


HuffPO-

The Times editorial describes why Eric Schneiderman, Beau Biden and Kamala D. Harris, Attorney General of California, have refused to join the 47 other attorneys general who have agreed to the settlement. The Times editorial stated,

The proposed settlement reportedly would prevent the states from pursuing claims against banks relating to fraud or abuse in the origination of loans during the bubble. (In some states, the statute of limitations has expired for bringing challenges for faulty originations but not on all loans in all states.) It would also prevent states from pursuing claims for foreclosure abuses, like improper denial of loan modifications. And it would prevent them from pursuing banks’ misconduct in their dealings with the Mortgage Electronic Registration Systems database, or MERS, a land registry system implicated in bubble-era violations of tax, trust and property law. The proposal would not preclude the states from pursuing the banks for wrongdoing in the repackaging and marketing of loans as mortgage-backed securities. But, as a practical matter, the ability to fully press such claims — and to achieve significant redress — could be impeded or blocked by the other constraints. Once one avenue of inquiry is closed off, it can be difficult to ascertain what happened along other points in the mortgage chain. In effect, the legal waivers being contemplated would let the banks pay up to sweep wrongdoing under the rug.

[HUFFINGTONPOST]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

California refuses to accept Obama’s banking sellout, or just holding out

California refuses to accept Obama’s banking sellout, or just holding out


I have mixed emotions on this one because I am seeing California teeter totter, not sure of the outcome. As Matt Stoller wrote about AG Kamala Harris Network:

she shares them with President Obama, who endorsed her late in 2010 for the AG office. Her brother-in-law, Tony West, was key fundraiser for Obama in California, having helped raise $65 million for Obama in the state, and he is considered a rising star in the Democratic Party. He now works at the DOJ and has expanded the Civil Rights department to take on some elements of mortgage fraud. The DOJ has an internal directive to make mortgage fraud a top priority, but what mortgage fraud means to the DOJ are mortgage modification scams and penny ante borrowers ripping off fly-by-night lenders. West, while not the direct actor in the DOJ’s settlement talks, is in all likelihood involved in pressure on state AGs to sign on to a settlement. And it’s simply inconceivable he hasn’t dealt with his sister-in-law and political ally on the matter. Harris and West are part of a coherent political network, and much of the strength of that network has to do with reinforcing the traditional bank-friendly policies of the Democratic elite and then using that to create political support.

The first indication that as California AG Harris was more sympathetic to the Obama side of the ledger on banking is that one of her first decisions as AG was to let off Angelo Mozilo without admitting to wrong-doing or personally paying a fine (the small money that went to restitution came from Bank of America shareholders). I suspect the issue is actually more personal to her than legal, not because she particularly cares about finance or foreclosures, but because her friends and allies are very concerned about ensuring that the banks get a release. In their view, this will cause the housing market to clear, the economy to recover, and then help reelection chances.

The political problem for Harris is that she was elected by liberal votes, and she’s getting enormous public pressure to resist signing on to a settlement that is perceived as favorable to the banks. While she backed out of an immediate settlement a few weeks ago, she refused to join the joint investigation by Eric Schneiderman and Beau Biden of the foreclosure fraud crisis. She has sat on the sidelines, trying to figure out what to do.

Appeal-Democrat has a different view-

There is no three-strikes law for crooked bankers, not even a law for a fifth strike, as The New York Times reported in the case of Citigroup, cited last month in a $1 billion fraud case. Unlike the California third-striker I once wrote about whom a district attorney wanted banished forever to state prison for stealing a piece of pizza from the plate of a person dining outdoors, Citigroup executives get off with a fine and by offering a promise not to do it again, and again and again.

As the Times reported when Citigroup agreed to settle SEC charges last month: “Citigroup’s main brokerage subsidiary, its predecessors or its parent company agreed to not violate the very same antifraud statue in July 2010. And in May 2006. Also as far back as March 2005 and April 2000.”

.
© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

Foreclosed Homeowners Could Receive Small Checks Under Big Bank Foreclosure Fraud Settlement

Foreclosed Homeowners Could Receive Small Checks Under Big Bank Foreclosure Fraud Settlement


Those of you who accept this better save these “pennies” so when they try to come at you with a deficiency!

Start planning ahead because they already are.

 

HuffPO-

The deal as currently stands would extract $17 billion worth of mortgage modifications and principal reduction for struggling borrowers, among other things, according to a source familiar with the situation. Another $3 billion would be set aside to boost refinancing. And from $5 billion paid directly to state and federal governments, foreclosure victims abused by one of the five banks would be eligible for restitution payments of around $1,500 or $2,000.

[HUFFINGTON POST]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (3)

Coakley: proposed law would help lower number of foreclosures

Coakley: proposed law would help lower number of foreclosures


Boston Globe-

Attorney General Martha Coakley,calling the foreclosure crisis a key challenge to the state’s economic recovery, yesterday urged Massachusetts lawmakers to approve legislation meant to push more lenders into helping financially-stressed homeowners save their homes.

Coakley testified before the Joint Committee on Financial Services in favor of a bill that would require lenders to modify certain mortgage loans when such agreements make more economic sense than property seizures.

“The single biggest thing we can do to spur economic recovery is to address the foreclosure crisis,’’ Coakley said. “This bill proposes a reasonable means to achieve large-scale loan modifications for homeowners, allowing people to stay in their homes and avoiding the negative impact of increased abandoned properties in our communities.”

[BOSTON GLOBE]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (2)

Letting the Banks Off Easy

Letting the Banks Off Easy


The banks want California, and the Obama administration hopes they can get it.

NYT-

In September, the attorney general of California, Kamala Harris, withdrew from settlement talks between the banks and federal and state officials over mortgage abuses. Ms. Harris said California was being asked to excuse bank conduct that has not been adequately investigated and to grant the banks an unacceptably broad release from legal liability for the mortgage mess.

[NEW YORK TIMES]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

State AGs target mortgage mess – Eric Schneiderman and Beau Biden

State AGs target mortgage mess – Eric Schneiderman and Beau Biden


Pay close attention to this one, real close :)

We undertook such an inquiry, building on the work of many others. And we know time is of the essence. Homeowners and investors are suffering every day, and patterns of abuse and misconduct are continuing. We’re working hard to complete the first — and most critical — phase of our investigation before the end of 2011.

POLITICO -

America’s free markets work only when there is one set of rules for everyone — and everyone plays by those rules.

It is now clear, however, that many in the mortgage finance industry ignored the rules over the past decade. This led to a breakdown in our housing market and in the market for mortgage-backed securities.

[POLITICO]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (1)

Real Time with Bill Maher – Delaware Attorney General Beau Biden

Real Time with Bill Maher – Delaware Attorney General Beau Biden


by stellthmode

.

“I’m a Prosecutor

and a Consumer Protector”

.

.

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (0)

Kamala Harris, California Attorney General, To Fannie And Freddie Head: ‘Step Aside’ Over Mortgage Crisis

Kamala Harris, California Attorney General, To Fannie And Freddie Head: ‘Step Aside’ Over Mortgage Crisis


I clearly see this as one thing, FHFA’s Ed DeMarco is keeping CA AG Harris from moving forward on the Foreclosure Fraud Settlement. Hmm this is getting interesting.

 

HuffPO-

California Attorney General Kamala Harris has called on the head of the agency that houses Fannie Mae and Freddie Mac to “step aside” if he continues to refuse to reduce mortgage loans for underwater homeowners.

“It has become clear to me that the only way to keep distressed California homeowners in their homes is through meaningful principal reduction,” Harris said in a statement Thursday.

The lack of meaningful principal reduction is what drove Harris in late September to exit the multistate settlement talks with major banks that are led by Iowa Attorney General Tom Miller with the support of the Obama administration. The attorneys general of Massachusetts, New York, Kentucky, Minnesota, Delaware and Nevada have also bridled at the settlement efforts, finding the banks’ expected $25 billion write-down to be inadequate to protect their states’ homeowners from losing their property.

[HUFFINGTONPOST]

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (2)

Dylan Ratigan Interviews Nevada AG Catherine Cortez Masto “Follow Foreclosure Fraud Law or you go to prison for 10 yrs.”

Dylan Ratigan Interviews Nevada AG Catherine Cortez Masto “Follow Foreclosure Fraud Law or you go to prison for 10 yrs.”


“There is a Cloud of Title Issue” – AG Catherine C. Masto

Pay close attention, as soon as the Nevada Foreclosure Fraud Bill took effect on October 1, 2011… FORECLOSURES STOPPED.

Imagine if ever state participated in setting new laws? C’est la vie to fraudulent documents!

Still shocking that there are settlement talks when an investigation NEVER took place. I’m also surprised that the AG’s going after the banks, are getting absolutely no respect from the other AG’s to follow…

Yes, you all know who you are.

Visit msnbc.com for breaking news, world news, and news about the economy

© 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.






Posted in STOP FORECLOSURE FRAUDComments (1)

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Chip Parker, www.jaxlawcenter.com
RR Compliance Consulting Inc was established to provide training and support services to the Loss Mitigation Consulting Community.  There is a huge void in the market for this training since those who are truly practicing in the field have neither the time nor interest in providing this training.
Jamie Ranney, www.NantucketLaw.pro
Kenneth Eric Trent, www.ForeclosureDestroyer.com
LATEST TOP FORECLOSURE FRAUD CASES OPINIONS
Advertise your business on StopForeclosureFraud.com

Archives