Weekend Edition - July 29, To August 2, 2013 - ForeclosureGate Gazette

WEEKEND EDITION, JULY 29 AUGUST 2, 2013
To The Best Mom, Grandma And Great-Grandma In The Whole World
MONDAY, JULY 29, 2013

ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners
400,000 Foreclosure Settlement Checks Sent To Wrong Address Now, as Worles attempts to collect on a legal settlement intended as a remedy to just this type of practice, she confronts a depressingly familiar predicament: The check for her share of the settlement has gone missing, too. "It's been a total nightmare," Worles, who lives in the Detroit suburb of Allen Park, Mich., said of her effort to track down the check.
Chase, Once Considered 'The Good Bank,' Is About to Pay Another Massive Settlement Well, there's some more news about the "good bank" Chase is about to pay yet another ginormous settlement for cheating and stealing from the public.
The billion-dollar black eye independent foreclosure review
for
the
A letter from a prominent Washington D.C. insider and banking professional heading a consulting firm may have stirred what is the next round of debate in the ongoing dispute over the.
What Happens to the Housing Market When the Investors Leave? But the current role of investors and cash buyers is not sustainable over the long-run, because as home prices continue to rise and real estate investments become less attractive, that group will exit the housing market.
Why Do Banks Walk Away When Proof is Required? If you loaned money to someone and you lost the note or correspondence reflecting the terms of the loan would you forget about getting the loan repaid? Of course not.
Okla. AG announces protection settlements
more
mortgage
Loan Officer Jailed for Processing False Loan Docs for Kickbacks According to court records, DiPasquale was employed in 2007 as a loan officer at Landover, Maryland mortgage lender Citywide Mortgage. DiPasquale used that position to process loans based on false and fraudulent information.
Attorney General Scott Pruitt announced the opening of Phase II of homeowner compensation from the Oklahoma Mortgage Settlement Fund. The deadline for Oklahoma families to apply is Dec. 31. The compensation is for.
FHFAs Senseless Arms-Length Policy on Short Sales As our nation struggles to emerge from the worst recession in decades, the last thing a government agency should do is make it more difficult for Americans to stay in their homes. Unfortunately, that is exactly what the Federal Housing Finance Authority (FHFA) has been doing. Since the 2008 financial crisis, millions of homeowners have fallen behind on their mortgages. Many lost their jobs in the crash, while others lived through medical problems and family break ups.
Homeowner/Foreclosure Legal Q&A

CountryWide endorsed mortgage note after I signed note to them >>>> 1. What is meant by, MERS holds only legal title to the interests granted by Borrower in this Security Instrument? >>> Who should get title to real estate at issue between the public auction bidder or homeowner? >>>> Have an underwater with $580k owed to 2 lenders. $462k to Citibank and $118k to Chase >>>>
More Foreclosure News

Las Vegas Attorney Pleads Guilty to Mortgage Fraud Crimes>>>> State to boost counseling for homeowners facing foreclosure>>>> Banks slow to reimburse homeowners >>>> Alabama real estate company resolves discrimination claims>>>>
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TUESDAY, JULY 30, 2013

Vinton County Woman Wants Possessions Back After Bank Tried To Repossess Wrong House A Vinton County woman is looking to get her belongings back after a bank incorrectly broke into her house and took them. Katie Barnett says that the First National Bank in Wellston foreclosed on her house, even though it was not her bank.
Who Owns The Note? Who Owns The Note? The Mortgage? Pnc Bank? Fannie Mae/Freddie Mac? The Wizard Behind The Curtain.
14 American Housing Markets Swamped With Foreclosures
That
Are
One in every 324 of all U.S. housing units received a foreclosure filing in the second quarter, according to the latest foreclosure data from RealtyTrac.
Challenge to Dogma on Owning a Home Homeownership is a good thing, for the individual and for society. Or so American governments, whether Republican or Democrat, have long believed. The benefits have been cited repeatedly in justifying the existence and expansion of the tax breaks given to home buyers.
Police Cutbacks Can Be Terrible For Home Values It should not be a surprise that safety is a primary consideration in home buying. In fact, in our survey of almost 20,000 home shoppers, safety ranked above price when asked what were the most important characteristics when purchasing their next home.
America's Half-Forgotten Housing Crisis Of course, on the surface of things, the housing market is apparently improving without help from any new head of the Federal Housing Finance Agency. Housing starts and house sales are both up. Prices are at last beginning to rise. Mortgage rates are at historic lows;
How 30-Year Mortgages Saved the Housing Market In most of the world, homeownership isnt seen as a natural step in the progress toward responsible adulthood. Outside the U.S., mortgages are for small amounts, for shorter times, and have adjustable interest rates.
31% still underwater on home loans in Seattle region, says Zillow A little more than 31 percent of homeowners in King, Pierce and Snohomish counties were underwater on their home loans in the first quarter of 2013, meaning they owed more on their mortgage than their home was worth, according to a report out Thursday from Zillow.


Page 2 of 5
WEDNESDAY, JULY 31, 2013

Longmont Humane Society makes plea for donations to avoid foreclosure The Longmont Humane Society is asking for $772,227 in donations by Nov. 30 to avoid possible foreclosure later this year. Construction cost overruns from the facility's expansion that began in 2006 and six years of financial deficits have drained the organization's reserves, leaving the humane society unable to make its 2013 and subsequent annual loan payments, executive director Liz Smokowski said.
Dirty paperwork New York state Attorney General Eric Schneiderman plans to slap Bank of America and Wells Fargo with a lawsuit as early as next week for violating the $26 billion National Mortgage Settlement.
Regulations are now in effect that will prohibit Mass. foreclosures if loan modifications cost less The regulations, a product of legislation signed by Governor Deval Patrick last August, require lenders to consider all available loss-mitigation options before proceeding to foreclosure.
Amateur investors tap 401(k)s to buy homes "We're seeing many people cash out 401(k)s or IRAsbecause they want to take.."This new scenario involves people losing significant personal funds since they are financing real estate through retirement accounts, savings and life insurance."
Paulson to Maverick Bet on Housing With Junk Insurers Mortgage insurers cover losses when homeowners default and foreclosures fail to recoup costs. The coverage is typically required when homeowners make a down payment of less than 20 percent.
HUD to shut down offices as a result of sequester The agency has been reducing expenses in response to the so-called sequester, Congress mandate for budget cuts at a host of agencies including Homeland Security, the Internal Revenue Service and the Environmental.
7 Arrested for Mortgage Fraud While 1 Remains a Fugitive The company failed to tell distressed homeowners that their scheme did not work. Many of the companys clients lost their houses to foreclosure and were evicted from their houses as a result of the scheme.
BofA, Wells Fargo Wont Face Mortgage Deal Enforcement Case New York Attorney General Eric Schneiderman said in May that he intended to bring an enforcement action against Bank of America and Wells Fargo for violating terms of last years settlement, which provided monetary relief to homeowners and sets requirements for servicing mortgages..


Page 3 of 5
THURSDAY, AUGUST 1, 2013

California foreclosures rise in 2nd quarter More Californians went into foreclosure in the second quarter of this year - a blip in an overall trend that has seen more people hanging onto troubled property as home prices soar. Research firm DataQuick says Tuesday that lenders filed more than 25,700 notices of default from April to June. That was up 38.7 percent from the previous quarter.
Richmond Mayor Gayle McLaughlin on city's bold plan to stem foreclosures The City of Richmond was hit hard when the housing bubble burst about 12,000 homeowners there are underwater. Thats roughly half of all mortgage holders in the city
Condo association beats bank in million-dollar foreclosure battle It is a condominium associations version of winning the lotto. A big bank missed its deadline to file for foreclosure on a million-dollar condo unit by 10 days. As a result.
Federal Reserve board did not vote on foreclosure pact -letter U.S. Federal Reserve staff approved a multibillion dollar foreclosure settlement with banksearlier this year without a formal vote of the board governors, a top Fed official wrote in a letter to Congress.
South Florida still under a foreclosures and negative equity
cloud
of
Even as South Floridas housing market has posted impressive gains in prices and sales volume, new data on foreclosures and negative equity show the region is still in some ways digging out from the housing debacle.
Goldman Sachs And The Mortgage Servicing Crisis Did Goldman Sachs Manipulate The Independent Foreclosure Review Conducted By Navigant? On September 1, 2012, the Federal Reserve issued a Consent Order requiring, among other things, Goldman Sachs to engage an Independent Consultant to review.
Michigan Governor Signs Foreclosure Bills Michigan Governor Rick Snyder signed a set of bills last week that will impact that the states foreclosure laws. One of the bills, SB 383, maintains the states 180-day redemption period that gives the original homeowner time to reclaim the property or short sell the home after a foreclosure.
Is the housing crisis over? Maybe not for minorities Is the foreclosure crisis over? Depends on where you stand. Is this your reality? The housing market is on an upswing. Mortgage interest rates are still low, home prices are rising dramatically, and the stock prices of companies in the construction industry are skyrocketing.


Page 4 of 5
FRIDAY, AUGUST 2, 2013

Obama Commends Richard Cordray Confirmation, Work Of Consumer Financial Protection Bureau President Barack Obama is commending the work of a consumer protection agency created after the economic crisis. The Consumer Financial Protection Bureau got its first permanent director this week after the Senate voted to install Richard Cordray after years of delay.
More Conflicts For Foreclosure Reviews
The
Independent
Foreclosure crisis not over for minorities As far as foreclosures are concerned, it's still a black and white world. Despite the recently recovering in housing, many Americans are still struggling to keep their homes, and a disproportionate number of them are black, Latino or Asian.
This conflict is disturbing, in particular, because this review is still going on. Bankrupt ResCap did not sign on to the settlement agreed to in January that put an.
Modification Messand the Governments Inaction It is common knowledge that now Bank of Americas own employees have stated the bank would have rather foreclosed or offered higher interest rate in house alternatives instead of modifying the loans under the Home Affordable Modification Program and directed them to.
$25 million loan aimed at saving homes Boston Community Capital plans to use a $25 million loan from East Boston Savings Bank to buy more than 75 properties and sell them back to owners in danger of losing their homes. The nonprofit organization purchases homes that have mortgages in default or are subject to foreclosure from banks at reduced market prices.
Fannie Mae, Freddie Mac Exempt From Michigan Transfer Tax Fannie Mae and Freddie Mac (FMCC) are exempt from Michigans state and local real estate transfer taxes, a U.S. appeals court ruled, overturning a lower-court decision. The government-owned home-mortgage finance companies were sued by a Michigan.
NAR Speculates on Future of Housing at Realtor Expo The National Association of Realtors (NAR) offered up its predictions on housing as the market deals with the effects of low inventory. At the Realtors Midyear Legislative Meetings & Trade Expo, NARs chief economist Lawrence Yun projected further increases in existing-home
BofA Gave Bonuses to Foreclose on Clients, Lawsuit Claims Mortgage workers falsified records and were told to delay U.S. loan-assistance applications by requesting paperwork that the Charlotte, North Carolina-based bank had already received, according to statements from exemployees filed last week in federal court in Boston. The lender improperly disqualified applicants to the Home Affordable Modification Program, or HAMP.


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Weekend Edition - July 29, To August 2, 2013 - ForeclosureGate Gazette

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Weekend Edition - July 29, To August 2, 2013 - ForeclosureGate Gazette

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WEEKEND EDITION, JULY 29 AUGUST 2, 2013

To The Best Mom, Grandma And Great-Grandma In The Whole World

MONDAY, JULY 29, 2013

The billion-dollar black eye independent foreclosure review

Okla. AG announces protection settlements

Homeowner/Foreclosure Legal Q&A

More Foreclosure News

WEEKEND EDITION, JULY 29 AUGUST 2, 2013

TUESDAY, JULY 30, 2013

14 American Housing Markets Swamped With Foreclosures

Homeowner/Foreclosure Legal Q&A

More Foreclosure News

WEEKEND EDITION, JULY 29 AUGUST 2, 2013

WEDNESDAY, JULY 31, 2013

Homeowner/Foreclosure Legal Q&A

More Foreclosure News

WEEKEND EDITION, JULY 29 AUGUST 2, 2013

THURSDAY, AUGUST 1, 2013

South Florida still under a foreclosures and negative equity

Homeowner/Foreclosure Legal Q&A

More Foreclosure News

WEEKEND EDITION, JULY 29 AUGUST 2, 2013

FRIDAY, AUGUST 2, 2013

More Conflicts For Foreclosure Reviews

Homeowner/Foreclosure Legal Q&A

More Foreclosure News

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