Subprime mortgages make a comeback—with a new name and soaring demand The subprime mortgage industry vanished after the Great Recession but is now being reinvented as the nonprime market. Carrington Mortgage is now offering mortgages to borrowers with “less-than-perfect credit.” Demand from both borrowers and investors is exceeding expectations. Diana Olick | @DianaOlick Published 10:45Continue reading “When I read this article, I kept hearing that song “Take It To The Limit One More Time”! They’ve changed the words “Sub-Prime” to “Non-Prime” and we re going to take it to the limit one more time…”
Tag Archives: Foreclosures
AJC Investigation Into Foreclosure Bid Rigging DeKalb, Fulton, Gwinnett Counties!
Lois Norder Atlanta investor admits to bid-rigging at foreclosure auctions May 21, 2015 | Filed in: Atlanta, DeKalb County, fraud, Georgia news, Gwinnett County. There’s money to be made from misery, and an Atlanta man and his cohorts figured a way to line their pockets as the foreclosure crisis hit Georgia. Real estate investor Eric HulsmanContinue reading “AJC Investigation Into Foreclosure Bid Rigging DeKalb, Fulton, Gwinnett Counties!”
Remember 2013 JP Morgan Settlement
http://www.stopfraud.gov/iso/opa/stopfraud/2013/13-ag-1237.html Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Tuesday, November 19, 2013 Justice Department, Federal and State Partners Secure Record $13 Billion Global Settlement with JPMorgan for Misleading Investors About Securities Containing Toxic Mortgages *CORRECTION: The release below previously stated that New York is receiving $613.8 million in this settlement, however, theContinue reading “Remember 2013 JP Morgan Settlement”
Toxic Loans – Settlement for Investors, SCREW THE BORROWERS!!!
Settlement can be found at: Click to access 471201471413656848428.pdf This Settlement Agreement (“Agreement”) is entered into between the United States acting through the United States Department of Justice (“Department of Justice”), along with the States of California, Delaware, Illinois, and New York and the Commonwealth of Massachusetts, acting through their respective Attorneys General (collectively, “theContinue reading “Toxic Loans – Settlement for Investors, SCREW THE BORROWERS!!!”
Department of Justice http://www.justice.gov/opa/pr/2014/July/14-ag-733.html Office of Public Affairs FOR IMMEDIATE RELEASE Monday, July 14, 2014 Justice Department, Federal and State Partners Secure Record $7 Billion Global Settlement with Citigroup for Misleading Investors About Securities Containing Toxic Mortgages Citigroup to Pay the Largest Penalty of Its Kind – $4 Billion The Justice Department, along with federalContinue reading
I Was Depressed, But Am Much Better Now…
After I read some posts on others’ blogs, I really do feel much better. Wanna know which ones I read? Here they are: “NO ENDORSEMENT, NO NEGOTIATION–NO NEGOTIATION, NO SECURITIZATION” On Liberty Road Media: http://libertyroadmedia.wordpress.com/2014/06/20/no-endorsement-no-negotiation-no-negotiation-no-securitization/ and I read this and it helped too!: Ineptocracy from here: http://tomfernandez28.com/2014/06/20/ineptocracy-3/ Of course this Helped a lot!: http://www.newser.com/story/188674/miss-usa-doesnt-know-her-state-capital.html butContinue reading “I Was Depressed, But Am Much Better Now…”
Freddie Mac Is Putting an 83 Year Old Lady Out on the Street!
It never ceases to amaze me. With all these numerous govt. programs that are supposed to be helping Homeowners/Borrowers stay in their homes, I have to wonder just who the hell it is that they are allegedly helping. A case in Colorado, that I have become aware of, the 83 year old woman is mostContinue reading “Freddie Mac Is Putting an 83 Year Old Lady Out on the Street!”
Exclusive: NY Judge in Largest Bankruptcy Case in History Receives IRS & SEC Whistleblower Filing 24 APRIL 2014 63 COMMENTS **WORLD EXCLUSIVE BREAKING STORY.** **MUST CREDIT INVESTIGATIVE JOURNALIST MARINKA PESCHMANN** Creditor and Whistleblower evidence alleges securities fraud, income tax fraud and income tax evasion. Further investigation is necessary to protect millions of homeowners. If you haveContinue reading
FHFA HEAD TARGETED
Former FHFA Head DeMarco Targeted by Disgruntled Ex-COO Wed, 2014-05-07 12:25 — Robert Ottone http://nationalmortgageprofessional.com/news48904/former-fhfa-head-demarco-targeted-disgruntled-ex-coo?utm_source=MadMimi&utm_medium=email&utm_content=NMP+Daily%3A+Former+FHFA+Head+DeMarco+Targeted+by+Disgruntled+Ex-COO+and+More+___&utm_campaign=20140507_m120334252_NMP+Daily%3A+Former+FHFA+Head+DeMarco+Targeted+by+Disgruntled+Ex-COO+and+More+___&utm_term=Former+FHFA+Head+DeMarco+Targeted+by+Disgruntled+Ex-COO Last week, Federal Housing Finance Agency (FHFA) Chief Operating Officer Richard Hornsby reportedly threatened to shoot the Agency’s former top official, Edward DeMarco. According to Bloomberg, the threat was made as part of a murder-suicide Hornsby had planned regarding Hornby’s job performanceContinue reading “FHFA HEAD TARGETED”
FHFA Settles With BofA for $5.83 Billion Over Countrywide Legacy Loans http://nationalmortgageprofessional.com/news47937/FHFA-Settles-With-BofA-%245.83-Billion-Over-Countrywide-Legacy-Loans?utm_source=MadMimi&utm_medium=email&utm_content=NMP+Daily%3A+FHFA+Settles+With+BofA+for+%245_83+Billion+Over+Countrywide+Legacy+Loans+and+More+___&utm_campaign=20140327_m119753830_NMP+Daily%3A+FHFA+Settles+With+BofA+for+%245_83+Billion+Over+Countrywide+Legacy+Loans+and+More+___&utm_term=FHFA+Settles+With+BofA+for+_245_83+Billion+Over+Countrywide+Legacy+Loans Thu, 2014-03-27 18:47 — NationalMortgag… The Federal Housing Finance Agency (FHFA) has announced it has reached a settlement in cases involving Bank of America, Countrywide Financial, Merrill Lynch, and certain named individuals totaling approximately $5.83 billion. Bank of America Corporation owns Countrywide and MerrillContinue reading
From Our Friends at LivingLies Hearsay on Hearsay
Hearsay on Hearsay: Bank Professional Witnesses Using Business Records Exception as Shield from Truth by Neil Garfield Wells Fargo Manual “Blueprint for Fraud” Well that didn’t take long. Like the revelations concerning Urban Lending Solutions and Bank of America, it is becoming increasingly apparent that the the intermediary banks were hell bent for foreclosure regardlessContinue reading “From Our Friends at LivingLies Hearsay on Hearsay”
Foreclosure filings were reported on 124,419 U.S. properties in January 2014, an 8 percent increase from December but still down 18 percent from January 2013. Foreclosure filings were reported on 1,361,795 U.S. properties in 2013, down 26 percent from 2012 and down 53 percent from the peak of 2.9 million propertiesContinue reading
Whistleblower, Szymoniak Has It Going On!
http://www.nationalmortgagenews.com/features/Banks-Mortgage-Companies-Defrauded-HUD-Veteran-Whistleblower-Says-1041017-1.html?zkPrintable=true Friday, February 14, 2014 Banks, Mortgage Companies Defrauded HUD, Veteran Whistleblower Says By Kate Berry FEB 5, 2014 1:30pm ET A whistleblower with a track record of wresting large settlements from banks is suing 22 companies for allegedly filing fraudulent mortgage documents with the Department of Housing and Urban Development. Lynn E. Szymoniak,Continue reading “Whistleblower, Szymoniak Has It Going On!”
Jeff Barnes/Foreclosure Defense Nationwide “New Legal Issues”
NEW LEGAL ISSUES COMING UP IN TRIAL AND APPELLATE COURTS DECEMBER 16, 2013 With the release of the US Bank admissions per our post of November 6, 2013; the issuance of the opinions from the Supreme Courts of Oregon and Montana holding that MERS is not the “beneficiary”; and recent opinions from various jurisdictions whichContinue reading “Jeff Barnes/Foreclosure Defense Nationwide “New Legal Issues””
Sentiments of US District Judge, Jed S. Rakoff – We Need More Judges Like This One!
I was reading some information about the financial crisis in this country (USA), and ran across a paper written by US District Court Judge Jed S. Rakoff. If we had more Judges with the mind of this one, we would not be in nearly as bad a shape as we are in. I have notContinue reading “Sentiments of US District Judge, Jed S. Rakoff – We Need More Judges Like This One!”
Jeff Barnes, Esq. On the Ball!
http://foreclosuredefensenationwide.com/?p=533 US BANK ADMITS, IN WRITING FROM THEIR CORPORATE OFFICE, THAT THE BORROWER IS A PARTY TO AN MBS TRANSACTION; THAT SECURITIZATION TRUSTEES ARE NOT INVOLVED IN THE FORECLOSURE PROCESS; HAVE NO ADVANCE KNOWLEDGE OF WHEN A LOAN HAS DEFAULTED; THAT THE “TRUE BENEFICIAL OWNERS” OF A SECURITIZED MORTGAGE ARE THE INVESTORS IN THE MBS;Continue reading “Jeff Barnes, Esq. On the Ball!”
New post on Livinglies’s Weblog Fannie and Freddie Demand $6 Billion for Sale of “Faulty Mortgage Bonds” by Neil Garfield You read the news on one settlement after another, it sounds like the pound of flesh is being exacted from the culprits again and again. This time the FHFA, as owner of Fannie and Freddie, isContinue reading
“How Much Time Is Left?” by Karl Denninger
http://beforeitsnews.com/alternative/2013/09/how-much-time-is-left-2777550.html “How Much Time Is Left?” Friday, September 27, 2013 17:09 (Before It’s News) “How Much Time Is Left?” by Karl Denninger “There is an old truism: Revolution is a game for the young. It’s true. Look at the people who rose up in the Middle East. Or anywhere else for that matter. It isContinue reading ““How Much Time Is Left?” by Karl Denninger”
Mark Stopa’s “The Erosion of the Judiciary”
Foreclosure Court: The Erosion of the Judiciary Continue reading “Mark Stopa’s “The Erosion of the Judiciary””
Living Lies, Telling It Like It Is! Thank You!
New post on Livinglies’s Weblog Federal Agent Misconduct in Favor of BofA and McCarthy Holthus and Levine law firm? http://livinglies.wordpress.com/2013/09/03/federal-agent-misconduct-in-favor-of-bofa-and-mccarthy-holthus-and-levine-law-firm/ by Neil Garfield HAS FORECLOSURE DEFENSE BECOME A TERROR THREAT? WHO IS TERRIFIED HERE? This is a story about abuse of power or abuse of apparent power. The object is to cover-up crimes that remain largelyContinue reading “Living Lies, Telling It Like It Is! Thank You!”
Great Story by David Dayen: Bank of America whistle-blowers
TUESDAY, JUN 18, 2013 07:45 AM EDT Bank of America whistle-blower’s bombshell: “We were told to lie” Bombshell: Bank of America whistle-blowers detail horrid schemes to fleece borrowers, reward foreclosures (UPDATED) BY DAVID DAYEN TOPICS: BANK OF AMERICA, FORECLOSURE, MORTGAGE CRISIS, MORTGAGE FRAUD, MORTGAGE, HAMP,WHISTLEBLOWERS, EDITOR’S PICKS, LOANS, JP MORGAN CHASE, WALL STREET, BUSINESS NEWS, POLITICS NEWS (Credit: Sashkin via Shutterstock/Salon) Bank of America’s mortgage servicing unit systematically liedContinue reading “Great Story by David Dayen: Bank of America whistle-blowers”
Chase is defending 10,000 lawsuits. Find out more and join the party.
May God Help Us All by Mark Stopa, Florida attorney Wanna Buy a Government-Foreclosed Home? OK. Just Bring $10,000,000.00 Posted on June 29th, 2012 by Mark Stopa I’ve often expressed my disgust at how Fannie Mae and Freddie Mac frequently pay banks 100% of their judgment amounts in foreclosure cases. It’s an appalling dynamicContinue reading “Chase is defending 10,000 lawsuits. Find out more and join the party.”
L. Randall Wray: The $7 Trillion Question That Haunts Banks
L. Randall Wray Professor of Economics and Research Director of the Center for Full Employment and Price Stability, University of Missouri–Kansas City The $7 Trillion Question That Haunts Banks Posted: 03/16/2012 4:09 pm I’ve been writing about the MERS monster since 2010. Here is one of my early pieces. I suppose it isContinue reading “L. Randall Wray: The $7 Trillion Question That Haunts Banks”
New York sues banks over foreclosures – Feb. 3, 2012
http://money.cnn.com/2012/02/03/news/economy/banks_sued/index.htm?source=cnn_bin New York sues banks over foreclosures By Jennifer Liberto@CNNMoneyFebruary 3, 2012: 3:15 PM ET New York Attorney General Eric Schneiderman has sued the big banks over their use of a private electronic mortgage registry. WASHINGTON (CNNMoney) — The New York attorney general sued some of the nation’s biggest banks on Friday, accusing them ofContinue reading “New York sues banks over foreclosures – Feb. 3, 2012”
Foreclosure Fallout: Robo-Signing deal falls flat
Oppenheim Law, http://www.linkedin.com/news?viewArticle=&articleID=5567684076652986380&gid=1467337&type=member&item=91028246&articleURL=http%3A%2F%2Fsouthfloridalawblog%2Ecom%2F2012%2F01%2F24%2Fforeclosure-fallout-robo-signing-deal-falls-flat%2F&urlhash=qxrl&goback=%2Egde_1467337_member_91028246 This was shared by Tiffany Arthur in Foreclosure Prevention: Real Estate Agents, Investors, Bankruptcy Attorneys, Mortgage/Lending Agents @ LinkedIn Will Obama Target Housing Crisis During State Of The Union? Obama and the State of the Union — a Political Jekyll and Hyde? President Obama is likely to talk about this in tonight’sContinue reading “Foreclosure Fallout: Robo-Signing deal falls flat”
Nye Lavalle, We Applaud You for Your Efforts to Expose Robo-Judges Signing Robo-Orders!!!
Message for My Friends & Colleagues –From: Nye Lavalle Sent: Friday, October 28, 2011 3:50 PMPlease Read Entire Email NOTE: to all blogs!!! Please post the email to the AGs, I wrote last week that I did not send you. I wrote them in confidence. However, since they have failed to actContinue reading “Nye Lavalle, We Applaud You for Your Efforts to Expose Robo-Judges Signing Robo-Orders!!!”
Foreclosure Hell…
Important Evidence & Affidavit in Foreclosure Law Firm, Robo-Signing, & MBS Investigation From Nye Lavalle Sent: Thu, Oct 20, 2011 1:18 pm From Nye Lavalle 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 shareholderContinue reading “Foreclosure Hell…”
A True Manifest Injustice!
FANNIE AND FREDDIE OF FORECLOSURE ABUSES Original Message—–From: Nye Lavalle To: OIGhotline <OIGhotline@fhfa.gov>; DeputyDirector-Enterprises <DeputyDirector-Enterprises@FHFA.gov>; Director <Director@FHFA.gov>; DeputyDirector-FHLBanks <DeputyDirector-FHLBanks@FHFA.gov>; GeneralCounsel<GeneralCounsel@FHFA.gov>; Ombudsman <Ombudsman@FHFA.gov> Sent: Sat, Oct 8, 2011 10:28 pmSubject: I AM THE FANNIE SHAREHOLDER NAMED IN YOUR OIG REPORTS THAT WARNED FANNIE AND FREDDIE OF FORECLOSURE ABUSES IN 2003 AND AFTER Gentlemen, By wayContinue reading “A True Manifest Injustice!”
Utah Supreme Court
Pyper v. Bond http://law.justia.com/cases/utah/supreme-court/2011/20091025-11.html Docket: 20091025Opinion Date: July 29, 2011 Judge: Durrant Areas of Law: Commercial Law, Consumer Law, Trusts & Estates David Pyper hired attorney Justin Bond to represent him in a probate matter. Bond’s law firm subsequently sued Pyper to obtain payment of the attorney fees. The district court entered a judgment inContinue reading “Utah Supreme Court”
Manifest Injustice 
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