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Foreclosure Fraud Survivors Little Voices - Big Impact! We're Not Alone We are all wonderfully different in this fight, and that's why we are slowly pushing forward...we all have our own ways of fighting this, but the goal is the same - uncover the truth and ask for justice. The cost of inaction is always much higher than any road blocks that were facing.
Protesters Call On Fannie Mae, Bank Of America To Change Lending, Foreclosure Policies The financial institutions, protesters allege, are servicing predatory mortgage loans and.
Quinn Signs Bill Strengthening Tenants Rights Gov. Pat Quinn signed a bill Wednesday strengthening the rights of renters who live in buildings facing foreclosure.
pre-foreclosure
filing
Boca Raton homeowner wins multi-million dollar foreclosure suit after legal misstep Because the case is so old, homeowner attorney Roy Oppenheim said the bank may run into trouble trying to refile it. There is a 5-year statute of limitations on foreclosures.
On July 31, New York Governor Andrew Cuomo signed AB 5582, which seeks to reduce the number of incomplete foreclosure cases that are filed.
Why do real estate agents still exist? The online age has been hard on all kinds of middlemen, after all. Travel agents, for example, rendered obsolete by Orbitz and Expedia. Soft goods retailers, for another, outpaced by Amazon. The effect should be similar with people who sell homes: What do they have but what they know?
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Mortgage Settlement Monitor Lets Servicers Steal From Customers for Two Years Before Stepping In With Toothless Metrics Joseph Smith, the National Mortgage Settlement Oversight Monitor, created four additional servicing metrics on Wednesday, in what has to be seen as an admission of what weve known for a good while that the servicers are violating the spirit, if not the specific terms, of the settlement.
Victimizing
Probe of foreclosure billing widens The disclosures, made last week in corporate filings with the U.S. Securities and Exchange Commission, are the first indication that investigations into alleged bill-padding by foreclosure lawyers aren't limited to Colorado.
While the report does not specifically name any companies, the agency's oversight authority includes all of the largest mortgage companies in the country, as well as smaller specialty.
Lennar accused of fraud The FDIC claims in a lawsuit that national builder Lennar Homes faced with a collapsing housing market in 2006 defrauded lenders by getting straw buyers to overpay for 66 units in the Terraces of Riverwalk condominium. Lennar officials faked records to get appraisers and.
Launched Mortgage
Mortgage servicers have made mistakes including sloppy payment processing, poor communications with consumers and insufficient programs to ensure compliance with federal laws.
Foreclosures to dominate leaders' meeting The government has been under pressure from the troika to allow foreclosures because Greeces lenders believe the continued moratorium is distorting the property market. Ministers have admitted over the past few weeks that the suspension, which is due to expire at the end of the year.
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New York to Sue Wells Fargo Over Mortgage Settlement Wells Fargo, accusing the bank, the nations largest home lender, of flouting the terms of a multibillion-dollar settlement aimed at stanching foreclosure abuses. The lawsuit, which is expected to be filed as early as Wednesday, accuses Wells Fargo of violating the guidelines of a broad agreement reached last year between.
EverBank to pay $43 million in foreclosure settlement EverBank was one of 16 mortgage servicers that struck a deal with the OCC and the Federal Reserve in 2011, after homeowners accused it of using forged and shoddy paperwork to rapidly.
The crisis is over. The challenges for central bankers are only beginning It is over in no small part because the central bankers flooded the world with trillions of dollars and insinuated themselves into countless markets, taking once-unthinkable steps.
Worcester Anti-Foreclosure Team Battles City Council The Worcester Anti-Foreclosure Team (WAFT) has gone public with its frustration with Worcester's City Council's lack of progress on.
What to Do With Foreclosure Properties? One Credit Union Has an Idea One answer is being provided by institutions across the nation, especially one credit union in North Carolina.
DOJ Negotiated a Weak Deal on Mortgage Fraud- Says Elizabeth Warren There is no penalty currently on the books in the USA for any bank to commit fraud and the failures at the Department of Justice to receive more substantial and accurate settlements to the magnitude of this fraud is astoundingly lacking and as an enforcement of the US government is weak and cheapens the name of justice.
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5 Years Later, We've Learned Nothing From the Financial Crisis The financial crisis that left millions of people still out of work was caused by an idea: the idea that unregulated financial markets are always good and that we can rely on the self-interest of bankers to improve all of our lives. The ideology of free financial markets gained sway in the 1990s, with Alan Greenspan at the Federal Reserve.
According to court documents, beginning in January 2010, Alan Tikal operated a large-scale mortgage rescue scam by offering to eliminate homeowners mortgages and replace the.
Foreclosures fueling illegal dumping in Clay County Illegal dumping is an ongoing problem in the county. Residential and commercial foreclosures are contributing to the problem. The illegal dumping of clean-outs, which is the removal of abandoned household items.
FHFA Should Develop Policies to Govern Settlements, Report Says The Federal Housing Finance Agency should develop a formal review process for settlements that levy fees on lenders or take away their right to service home loans, according to a report from its watchdog.
Youve Got to Defend Your Foreclosure Heres Why. The past decade has been very difficult for Americans. The average American has either experienced or knows somebody who has experienced job loss. The downturn in the economy resulted in countless people losing.
Private lobbyists get public pensions in 20 states Even though he's not a government employee, he is entitled to a full state pension. He's among hundreds of lobbyists in at least 20 states who get public pensions because they represent associations of counties, cities and school.
FDIC waging legal battle against hundreds of former bank leaders As the clock runs out on a three-year statute of limitations, the Federal Deposit Insurance Corp. has filed a flurry of lawsuits to recoup losses tied to the largest wave of bank failures during the financial crisis. The agency is waging legal battles against hundreds of directors and officers that it claims had a hand in their banks demise, failures that cost the deposit insurance fund billions of dollars.
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Richmonds rules: Why one California town is keeping Wall Street up at night "We all three came to the idea more or less at the same day back in September of 2008," said Hockett, who went on to become the strategy's chief academic exponent. "It became clear that housing prices were going to drop in a profound way, and that there were going to be a lot of foreclosures."
Wall Streets greatest enemy: The man who knows too much His determination to speak out against multiple violations of law at Countrywide earned him retaliation, and eventually, he was frozen out of corporate boardrooms, unable to find a new job.
Foreclosed Renters Left Homeless In Shadow Of Disneyland In California, at least one-third of housing units going through foreclosure are renter-occupied, according to Tenants Together, a nonprofit housing agency.
How a Market Crisis Unfolded Some of the key events in the upheaval, from the bursting of the tech bubble to the rescue of A.I.G. Mortgage lending excesses in the early years of this decade ultimately took a toll on the financial sector.
Bank Chairman Admits Tarp Funds Used To Purchase Luxury Vacation Property When SIGTARP required Mainstreet Bank to disclose how it spent TARP funds, bank c hairman and CFO Woods failed to tell the truth that within days of receiving the TARP funds.
Five Years After TARP, Misgivings on Bonuses There was such a total lack of awareness from the firms that paid big bonuses during this extraordinary time. That is what Henry M. Paulson Jr., former Treasury secretary, said last week. We were discussing the 2008 financial crisis in light of the approaching five-year anniversary of those white-knuckled days, when.
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