Browsing Archive: October, 2011

Important Evidence & Affidavit in Foreclosure Law Firm, Robo-Signing, & MBS Investigation From Nye Lavalle

Posted by MortgageFraudNC . on Saturday, October 29, 2011,

Dear Attorneys General:

Recently, the Office of Inspector General for the Federal Housing Finance Agency released reports about a special counsel investigation by Fannie Mae and that a shareholder had warned and provided Fannie Mae and others as far back as 2003 about robo-signing and foreclosure abuses.  This story was picked up by the NYTimes’ Gretchen Morgenson and a plethora of other news media.  While Gretchen and the FHFA didn’t name me, I was nonetheless outed since she and m...


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What’s Happened to the Big Players in the Financial Crisis

Posted by MortgageFraudNC . on Thursday, October 27, 2011,
Posted by 4closureFraud on October 27, 2011

by Braden Goyette ProPublica

Widespread demonstrations in support of Occupy Wall Street have put the financial crisis back into the national spotlight lately.

So here’s a quick refresher on what’s happened to some of the main players, whose behavior, whether merely reckless or downright deliberate, helped cause or worsen the meltdown. This list isn’t exhaustive — feel welcome to add to it.

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4.5 Million Fraudclosed Borrowers May be Eligible for Reviews

Posted by MortgageFraudNC . on Thursday, October 27, 2011,
Posted by 4closureFraud on October 27, 2011 ·

“The OCC, along with the Federal Reserve, will oversee the reviews.

Whether homeowners were wronged will be decided by independent consultants hired by the servicers but approved by regulators.”

~

4.5 million foreclosed borrowers may be eligible for reviews

Nearly 4.5 million current and former U.S. homeowners will soon get a chance to have their foreclosure cases reviewed for mistakes and poten...


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Plum man files federal suit over mortgage foreclosure

Posted by MortgageFraudNC . on Thursday, October 20, 2011,

A Plum man has filed a lawsuit challenging the legality of the process by which millions of mortgages have been turned into investment vehicles, and then made the subjects of foreclosure filings.

Jayson Schott, in a complaint filed in U.S. District Court Tuesday, said he got a $97,500 adjustable rate mortgage from America's Wholesale Lender in 2004. The rate went up, and he went into default. Bank of America, which bought America's Wholesale Lender, filed for foreclosure in 2008.

In the...


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Linda Dodson -vs- Wells Fargo NC Supreme Court

Posted by MortgageFraudNC . on Tuesday, October 18, 2011,

RALEIGH, N.C. — North Carolina’s Supreme Court heard arguments today in a case that could decide whether mortgage lenders can foreclose on a home without producing original documents that prove they’re owed the money.

The hearing in a state traditionally friendly to banks and home to U.S. industry leader Bank of America comes as paperwork problems have gummed up foreclosures nationwide.

Those problems include missing documents validating a mortgage transaction and unqualified empl...


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Who is Linda Green?

Posted by MortgageFraudNC . on Sunday, October 16, 2011,

Linda Green | Robo-signing Signing Scandal Hits Allen County Recorder John McGauley, Thousands of Suspect Documents, Including His Own

Signing scandal hitting home

Dubious names affect verification of deeds

FORT WAYNE – Allen County Recorder John McGauley knew property documents with suspect signatures were prevalent. After all, there were so many that a year ago the nation’s largest banks had to halt foreclosures to deal with th...


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President Obama MUST take action!

Posted by MortgageFraudNC . on Friday, October 14, 2011,
President Obama must take action through executive order to defend our rights to our jobs and our homes.  Just as the Presidents bypassed Congress to wage wars in Iraq, Afghanistan and Libya, President Obama must bypass Congress to declare a war on unemployment and foreclosures an...
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The Land Destroyer #OccupyWallStreet Guide

Posted by MortgageFraudNC . on Friday, October 14, 2011,
Change will not come until we understand and rewrite the entire balance of power in America.
by Tony Cartalucci

Updated October 10, 2011 - The SEIU, who for those that don't remember, played a pivotal role promoting Obama during the 2008 election as covered in their own 2008 Annual Report, is now coming out onto the streets as part of the "Occupy Wall Street" protests. Of course, between 2008 and now, nothing has changed as far as SEIU's funding and affiliations, and now it is abundan...
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Victimless Crime | Banks, Obama Administration Pressure AGs on Fraudclosure Settlement

Posted by MortgageFraudNC . on Friday, October 14, 2011,

Banks say they are being unfairly penalized because Robo Signing is basically a victimless crime; the vast majority of the people being foreclosed upon have been delinquent on their mortgages for a significant period of time.

One of the arguments the administration is using with some success is that the foreclosure investigation has prevented banks from removing people from their homes who can’t pay their mortgages, and as a result, the banks can’t sell foreclosed property to pe...


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Occupy Wall Street Cleanup: Russell Simmons Offers To Pay To Avoid Violence

Posted by MortgageFraudNC . on Friday, October 14, 2011,
Russell Simmons


Following an evening of mopping, sweeping and trash collecting, the Occupy Wall Street protesters at Zuccotti Park readied themselves for a Friday morning confrontation with NYPD, preempting city efforts to clean the park and promising to defend their camp against what they suspect is a ploy to o...


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