This Edition Of The ForeclosureGate Gazette Contains Active Links

ACADEMIA

ADVERSARIES

ADVOCATES

BLOGOSPHERE

LEGAL

LEGISLATE

OP-ED

HOMEOWNERS NEWS

ForeclosureGate Is A Public Service Homeowner Coalition And Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

MONDAY APRIL 16
Hawaii Court rules: No valid assignment means Deutsche has no standing to foreclose District Court Judge J. Michael Seabright ruled in favor of a Hilo homeowner, dismissing a complaint filed by Deutsche Bank as Trustee, who was seeking to foreclose. According to the courts ruling, the plaintiff failed to establish that it was validly assigned the Mortgage and Note and therefore lacked standing to foreclose on the defendants property. Liberals and conservatives dont just vote differently. They think differently. And so I covered the attacks on the established scientific knowledge on climate change, evolution and many more issues as a kind of search for the wealthy bad guys behind the curtain. Like many in Washington, I tended to assume that political differences are either about contrasting philosophies or, more cynically, about money and special interests. House Republicans Propose Cutting Consumer Protection Bureau And Foreclosure Prevention House Republicans have already shown that theyre willing to sacrifice health care, food stamps, and education upon the altar of deficit reduction in their latest budget. Now financial regulation can be added to the list, courtesy of a proposal unveiled today by the House Financial Services Committee today. Foreclosure Fraud Settlement Could Only Help Half as Many Borrowers as Promised One thing that Ive been pointing out is that the best estimate by HUD and other federal and state boosters of the foreclosure fraud settlement is that it will help 1 million underwater borrowers get principal reductions. That represents a little less than 10% of the total underwater borrowers in the country. Foreclosure Horror Story: Woman, Daughter With Cerebral Palsy Evicted This is about as outraged Ive seen a straight news article get about the foreclosure crisis, with particular scorn reserved for Bank of America. "Dirma Rodriguez had five minutes to gather her things and vacate the West Adams house she and her severely disabled daughter had lived in for more than 25 years. As a property manager changed the locks, Rodriguez fluttered back and forth from the yard. A To-Do List for the Consumer Financial Protection Bureau The Consumer Financial Protection Bureau released preliminary plans this week to require banks to improve their mortgage servicing and become more open and accountable in their dealings with consumers. The bureaus preliminary plans cover areas as varied as disclosing interest rates and helping delinquent borrowers. Fed Shrugged Off Warnings, Let Banks Pay Shareholders Billions In early November 2010, as the Federal Reserve began to weigh whether the nations biggest financial firms were healthy enough to return money to their shareholders, a top regulator bluntly warned: Dont let them. We remain concerned over their ability to withstand stress in an uncertain economic environment, wrote Sheila Bair. California notary has a duty to maintain notary journal We are seeing more and more notary produce the transaction log letters being sent out by California lawyers to various notaries in both California and elsewhere. We have talked about California notary duties on our websites, in particular on our Robosisgner website.

2012