Forbes: Fannie, Freddie Could Need as Much as $126 Billion in Crisis
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Daily Archives: August 9, 2016
Do you want a National Mortgage Registry system?
Over 72 million families (based on 2.5 per household – that’s 180,000,000 constituents) have been negatively affected by Mortgage Electronic Registration Systems, Inc. and its parent company MERScorp Holdings, Inc. Too many to count foreclosures have resulted over the past decade with forged assignments documents allegedly signed by Mortgage Electronic Registration Systems, Inc. (MERS) employees who actually work for someone other than MERS.
Many of the homeowners who have bought a home or refinanced a home since 2002 will find Mortgage Electronic Registration Systems, Inc. listed as the “nominee” mortgagee in their mortgages – and they don’t even know it. Now, the federal government is proposing a “National” mortgage registry system – and one would have to wonder why?
Please consider voting your opinion.
Sorry you lost your home: Americans deserve more than an apology for the foreclosure fraud epidemic
Despite talk of “recovery,” former homeowners remain scarred after their government abandoned them
“I lost my home of 30 years to fraudclosure.”
“I have been fighting this bank for over five years now. I am finally losing everything to their fraud.”
“We feel captive in our own home.”
This is a sampling of what I have awakened to practically every day for the past few months, since my book “Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud” came out. Hundreds of people have emailed me, sent me letters, attended my public events, to relate their personal horror stories of foreclosure and dispossession. They come from across America, from different social and economic backgrounds. Some lost everything, and some haven’t given up.
They contact me, a non-lawyer who has only written about and not participated in their struggle, because they have been abandoned, by…
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Nearly 650,000 borrowers to receive more money from Independent Foreclosure Review
Maybe borrowers didn’t cash the checks because they realize the issues are bigger than the payola. Or maybe $2.18 wasn’t worth the time to cash or deposit.
What Happened on Wall St. Ahead of the Crisis? We May Yet Find Out
New York Times
Street Scene
WILLIAM D. COHAN
The eighth anniversary of the 2008 financial crisis is almost upon us, making this as good a moment as any to take stock of how little we know still about the bad behavior and deception that occurred inside the big Wall Street banks that helped to cause it — and how little we may ever know.
A wave of settlements between Wall Street and the Justice Department and regulators resulted in fines in excess of $200 billion flowing from the shareholders of these firms into the coffers of the various federal and state government entities. These payments still feel to me more like extortion than justice. After all, if the prosecutorial arm of the federal government that regulates you demands a 10- or 11-figure payment, it seems pointless to argue. Continue reading
Deadly Clear 