Monthly Archives: August 2017

Damning report finds state agencies wasted millions meant for struggling homeowners

Posted on by
Reply

Un-frickin’ real! Families are made homeless while Treasury was partying with the state! Such a life.

justiceleague00's avatarJustice League

A damning new report from a federal watchdog shows that 19 state housing finance agencies wasted millions of dollars that should have gone to struggling homeowners as part of the government’s Hardest Hit Fund program.

The report, published Friday by the Office of the Special Inspector General for the Troubled Asset Relief Program, showed that SIGTARP’s investigation found that the all 19 of the state housing finance agencies that participated in the Hardest Hit Fund collectively wasted $3 million on items like barbecues, steak and seafood dinners, gift cards, flowers, gym memberships, employee bonuses, litigation, celebrations, and cars, instead of using the money to help struggling borrowers.

Read on.

View original post

U.S. 9TH CIRCUIT RULES ROBINS HAS ARTICLE 3 STANDING!

Posted on by
Reply

Excellent post! Open for the details:

“The 9th Circuit remanded the case back down to the Central District of California for further action. For those of you in the 9th Circuit states, you should be jumping for joy, because the little guy has won another round. To see the opinion, click the link: Robins v Spokeo Inc, 9th App Cir No 11-56843 (August 15, 2017)“

Fannie Mae begins marketing fourth re-performing loan sale

Posted on by
3

Trump approves MORTGAGE DEBT FORGIVENESS PLAN that Obama couldn’t. Performing loans sold at a loss. #Fanniegate $FNMA

Fannie Mae began its marketing efforts with Citigroup Global Markets for its fourth sale of re-performing loans, or loans previously delinquent, but now performing again. Here are the details of the new pool, which includes about 11,000 loans.

Source: Fannie Mae begins marketing fourth re-performing loan sale

Attorney Linda Tirelli Defines Robo-Signing for Clueless Steven Mnuchin

Posted on by
Reply

Make it simple. Robo-signing is forgery. Forgery is a legal term. Hiding GSEs as real party in interest is fraudulent concealment and also a legal term. If Mnuchin understood the rule of law surely he would not have knowingly participated in this corruption. On the other hand, if he knew… well, couldn’t that play the “intent” card? No wonder he got huffy.

NJ Supreme Court: If Borrower Abides By Terms Of Settlement Agreement, Lender Must Modify Mortgage

Posted on by
Reply

As with any of these cases where a defunct originator is noted, it brings to mind Kuehlman v. Bank of America, NA, 177 So. 3d 1282 – Fla: Dist. Court of Appeals, 5th Dist. 2015 where the court in its decision plainly stated: “Lender’s “investor” (Fannie Mae or Freddie Mac), which was not a party to the contracts, instructed Lender to “pull the plug on” (or “not accept”) the modification.”

More than likely, as Fannie is now (since the bailout) the “financial agent for the United States of America,” and it appears the GSEs are feeding the Treasury with the foreclosure (and insurance?) funds used to prop up Obamacare, Fannie may well be the concealed real party in interest in most cases – and pulling the strings in all aspects of modification and foreclosure.

Attorneys have been asserting and ascertaining Fannie’s real role through motions and discovery which has made for a sticky wicket in Plaintiff’s ballpark.