Joe Nocera | FORECLOSURE FRAUD | by DinSFLA

Tag Archive | "Joe Nocera"

Joe Nocera: The Mortgage Fraud Fraud

Joe Nocera: The Mortgage Fraud Fraud


This isn’t about a banker going to jail, this is about a homeowner going to jail.


NYT-

I got an e-mail the other day from Richard Engle telling me that his son Charlie would be getting out of prison this month. I was happy to hear it.

Charlie’s ordeal isn’t over yet, of course. When he leaves prison on June 20, Charlie, 49, will move temporarily to a halfway house, after which he will be on probation for another five years. And unless he can get the verdict overturned, he will have to spend the rest of his life with a felony on his record.

Perhaps you remember Charlie Engle. I wrote about him not long after he entered a minimum-security facility in Beaver, W.Va., 16 months ago. He’s the poor guy who went to jail for lying on a liar loan during the housing bubble.

[NEW YORK TIMES]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (1)

Joe Nocera: Why People Hate the Banks

Joe Nocera: Why People Hate the Banks


NYT-

A few months ago, I was standing in a crowded elevator when Jamie Dimon, the chief executive of JPMorgan Chase, stepped in. When he saw me, he said in a voice loud enough for everyone to hear: “Why does The New York Times hate the banks?”

It’s not The New York Times, Mr. Dimon. It really isn’t. It’s the country that hates the banks these days. If you want to understand why, I would direct your attention to the bible of your industry, The American Banker. On Monday, it published the third part in its depressing — and infuriating — series on credit card debt collection practices.

You can’t read the series without wondering whether banks have learned anything from the foreclosure crisis, which

[NEW YORK TIMES]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (2)

An Inconvenient Truth – Joe Nocera

An Inconvenient Truth – Joe Nocera


Once gain both the twins were part of the ponzi using MERS, exactly as the rest of the other shareholders (Banks) sought it out to be…a Strawman!

NY Times-

There is so much about Fannie Mae and Freddie Mac that we should be angry about.

In their heyday, these strange hybrids — part corporation, part government agency — were the biggest bullies in Washington, quick to bludgeon critics who dared suggest that their dual missions of maximizing profits while making homeownership affordable for low- and moderate-income Americans were incompatible. They steamrolled their regulator and pushed back at any suggestion that their capital was inadequate.

[NEW YORK TIMES]

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (0)

Steven J. Baum Weighs In After Uproar

Steven J. Baum Weighs In After Uproar


“Mr. Nocera — You have destroyed everything and everyone related to Steven J. Baum PC. It took 40 years to build this firm and three weeks to tear down.”

There is blood on your hands for this one, Joe,” he wrote at the end of that second e-mail. “I will never, ever forgive you for this.”

I think that’s what they call shooting the messenger.

 NYT-

Thus began a lengthy e-mail that I received, on Thursday evening, from Steven J. Baum, the owner of his eponymous law firm, the largest “foreclosure mill” in New York State. Foreclosure mills, of course, are firms that represent banks and servicers trying to foreclose on the millions of homeowners who have defaulted since the housing bubble burst.

[NEW YORK TIMES]

image: New York Times

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (4)

High Profile Susan Chana Lask Joins Rep. Cummings on Taken Steven J. Baum Firm Down

High Profile Susan Chana Lask Joins Rep. Cummings on Taken Steven J. Baum Firm Down


Baum just messed with the wrong attorney!

Just when you thought things just couldn’t seem to get any better after Joe Nocera’s disturbing story of Steven J. Baum’s Halloween Party… it does.

Soon after Joes’ article, Ranking Member Elijah E. Cummings sent a letter to the law firm of Steven J. Baum requesting records, documents, and communications relating to allegations of improper and potentially illegal actions in the processing of foreclosures.

Oops.. it gets even better…

Today, Respectable Attorney Susan Chana  Lask received a letter to help in Rep. Cummings investigation, asking for copies of all documents in your possession relating to these allegations, as well as any other documents you believe are relevant to this inquiry.

I think the Baum firm needs to brace its self, as Attorney Lask is coming to deliver one final blow!

Here is Susan Chana Lask’s video from youtube-

Letter from Rep. Cumming to Susan Lask

[ipaper docId=72012175 access_key=key-1ktdnyg6r5hm0raclcy6 height=600 width=600 /]

image: Wall Street Journal

 

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (1)

Cummings Requests Documents from Law Firm after Allegations of Foreclosure Abuse

Cummings Requests Documents from Law Firm after Allegations of Foreclosure Abuse


Document Request Follows Disclosure of Foreclosure Party Photos

Washington, DC (Nov. 4, 2011) – Today, Ranking Member Elijah E. Cummings sent a letter to the law firm of Steven J. Baum requesting records, documents, and communications relating to allegations of improper and potentially illegal actions in the processing of foreclosures. 

“Given that your firm represents some of the nation’s largest mortgage servicers,” Cummings wrote, “these revelations are disturbing.  If true, they demonstrate a culture of disdain for families suffering foreclosure and a disregard for the rule of law.”

Cummings has been investigating allegations of the firm’s misconduct since February.  His latest request follows a New York Times column revealing photographs from a Halloween party in 2010 during which employees dressed as homeless people.  According to a former employee, the photographs “showed an appalling lack of compassion toward the homeowners” and “are an accurate representation of the firm’s mind-set.”

The column also reported that the firm is “under investigation by the New York State Attorney General,” is a defendant in a class action suit claiming that the firm “consistently failed to file certain papers that are necessary to allow for a state-mandated settlement conference that can lead to modification,” and has been described by a New York State Supreme Court Judge as “operating in a parallel universe, unrelated to the real universe.”

On February 25, 2011, Cummings launched a major investigation of mortgage servicer abuses that included a request to the Inspector General of the Federal Housing Finance Agency to investigate allegations against this firm and others.

In his letter today, Cummings requested that the firm provide all documents relating to:

·    false or misleading foreclosure documents, “robo-signed” documents, or improper mortgage assignments;

·    attempts by the firm to foreclose on borrowers who were attempting to obtain, or who had obtained, loan modifications;

·    instances in which the firm illegally or improperly charged for foreclosure settlement conferences, overcharged on foreclosure fees, or attempted to persuade foreclosure defendants to waive their legal rights;

·    preparing for, carrying out, or communicating about the firm’s 2010 Halloween party; and

·    instances in which the firm compensated Fannie Mae, Freddie Mac, or a client for improper foreclosure practices.

[ipaper docId=71703993 access_key=key-2gxurlffw2sjyehxvu1p height=600 width=600 /]

source: http://democrats.oversight.house.gov/

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (1)

NY foreclosure firm Steven J. Baum: Sorry for mocking homeless

NY foreclosure firm Steven J. Baum: Sorry for mocking homeless


“I again want to sincerely apologize for the inappropriate costumes worn by some of our employees at our Halloween Party in 2010. It was in extremely poor taste and I take full responsibility,” Steven J. Baum said in an emailed statement to The Associated Press on Wednesday. “I know people were extremely offended and people have every right to be upset with me and my firm.”

[MSNBC]

I wonder what the theme was this year? I’m sure we’ll find out. But this apology is all PR related and he had to do it as he is being investigated.

 

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (0)

What the Costumes Reveal At Steven J. Baum’s Demonic Halloween Party – Joe Nocera

What the Costumes Reveal At Steven J. Baum’s Demonic Halloween Party – Joe Nocera


Now this has to be an all time low and I warn you it will not be taken lightly by either Judge Schack who slammed his cases or by Attorney Susan Chana Lask who successfully settled the Class Action against his firm.

Attorney General Eric Schneiderman now has a bit more ammo to work with.

Tell Steven J. Baum what u think 716-204-2400!

Lets see who’ll have the last laugh.

NYTimes-

On Friday, the law firm of Steven J. Baum threw a Halloween party. The firm, which is located near Buffalo, is what is commonly referred to as a “foreclosure mill” firm, meaning it represents banks and mortgage servicers as they attempt to foreclose on homeowners and evict them from their homes. Steven J. Baum is, in fact, the largest such firm in New York; it represents virtually all the giant mortgage lenders, including Citigroup, JPMorgan Chase, Bank of America and Wells Fargo.

[NEW YORK TIMES]

image: New York Times

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (5)

NY Times Joe Nocera Hits This One Out the Ball Park. A Must Read

NY Times Joe Nocera Hits This One Out the Ball Park. A Must Read


Joe’s article is a must read. It will leave you both furious and relieved that this story was told. Name says it all.


No Mortgage Lenders in Jail, but a Borrower Lands There.

© 2010-15 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
Kenneth Eric Trent, www.ForeclosureDestroyer.com
Advertise your business on StopForeclosureFraud.com

Archives