SUDDENLY APPEARING ENDORSEMENTS USED BY BANK-TRUSTEES IN FORECLOSURES

42 CASES WITH SUDDENLY APPEARING ENDORSEMENTS 

“The Court is concerned, as a result, that OneWest does not hold the Endorsed Note. But, perhaps more significantly, the Court is concerned that OneWest has determined that business expediency and cost containment are more important than complete candor with the courts.”[1]

 –  In Re Jessie M. Arizmendi (At the time of this California foreclosure decision in 2011, the homeowner/debtor, Ms. Arizmendi, was a frail 86-year-old with hearing loss and difficulty walking.)

This article discusses 42 cases with suddenly appearing (often called “ta-da”) endorsements.  In each case, a bank-trustee tried to foreclose on behalf of a mortgage-backed trust.  Most of these cases began with the filing of an unendorsed note that was described in the bank’s pleadings as a true and correct copy of the original note.  Several of the Florida cases…

Wells Fargo wants Indybay.org disabled as soon as possible

lol.. Of course, this has to do with Wells Fargo foreclosure manual floating around the internet which led to a bankruptcy case to be reopened again and have the bankruptcy judge questioning the bank….. 

Wells Fargo, a client of PhishLabs Security Operations, wants the “Wells Fargo foreclosure manual” removed from Indybay.org as soon as possible.

On March 12, 2014, the New York Post reported, “Wells Fargo, the nation’s biggest mortgage servicer, appears to have set up detailed internal procedures to fabricate foreclosure papers on demand, according to allegations in papers filed Tuesday in a New York federal court.” 

On March 17, 2014, The Washington Post published Wells Fargo’s 150-page manual to attorneys for fabricating foreclosure papers. The Post states, “Wells Fargo created an elaborate guide for how to produce missing documents to foreclose on homeowners, according to…

Did elderly Naples couple lose home over 10 cents?

NAPLES, Fla –  Lots of people run into problems paying their homeowners’ association fees at one point or another. And an elderly Naples couple, Phil and Sally Duplers, is no different.

They tried making good and pay up, but lost their $1,000,000 home when their homeowners’ associated foreclosed on the house anyway.

The couple tells 4 In Your Corner it’s been a tough couple of years. “We ran into financial problems. I’ve been quite sick,” said Sally Dupler. She had a stroke, and the couple missed about 6 months of HOA dues. “It was about $3,500 approximately,” Sally added.

After several attempts at collecting, the Serafina Association at Tiburon in Naples started to foreclose on the home last October. And in May, a Collier County judge decided the Duplers owed approximately $7,000, plus any additional interest and fees.

On June 3, the…

Obama administration reveals plan to jump-start housing, extends HAMP to 2016

Speaking Thursday at the Making Home Affordable five-year anniversary summit, U.S. Treasury Secretary Jacob Lew announced several initiatives designed to spur the flailing housing market.

Lew identified three specific issues that are holding back housing in the United States and announced plans to address each of those issues.

Citing the lack of private capital in the market, the dearth of affordable rental options and the abundance of Americans who are facing foreclosure or are underwater on their mortgages, Lew announced three new plans:

• The extension of the Making Home Affordable program until “at least December 31, 2016”

• A plan to expand access to credit by working to revive the private-label mortgage-backed securities market

• A new partnership between the Treasury and theDepartment of Housing and Urban Developmentto build new, affordable rental housing

The complaint alleges Barclays has dramatically increased the market share of its dark pool through a series of false statements to clients and investors about how, and for whose benefit, Barclays operates its dark pool. Contrary to Barclays’ representations that it has implemented special safeguards to protect clients from “aggressive” or predatory high-frequency traders, Barclays is accused of operating its dark pool to favor high-frequency traders.

“The facts alleged in our complaint show that Barclays demonstrated a disturbing disregard for its investors in a systematic pattern of fraud and deceit,” Attorney General Schneiderman said. “Barclays grew its dark pool by telling investors they were diving into safe waters. According to the lawsuit, Barclays’ dark pool was full of predators – there at Barclays’ invitation.”

The complaint alleges that Barclays falsified marketing material purporting to show the extent and type of high frequency trading in its dark pool. For example, Barclays…

Deutsche Bank says faces around 1,000 big lawsuits

(Reuters) – Deutsche Bank (DBKGn.DE) gave shareholders a sense of the size of its legal and regulatory problems on Thursday, when it said it faced around 1,000 major lawsuits.

Stefan Krause, the bank’s finance chief, said that the bank had paid around 350 million euros ($478 million) in legal advisory fees in 2013 alone as the bank works to free itself from investigations and lawsuits that have followed the financial crisis.

“We are involved currently in around 1,000 suits that have a value of over 100,000 (euros),” Krause told shareholders at the bank’s annual general meeting. He said the total number of lawsuits was more than 6,000.

“We are expecting continued headwinds from legal matters.”

House Passes Bill To Aid Koch Brothers, Deregulate Wall Street

Once again Congress is stripping away the Dodd-Frank bill. The bill is far from perfect and the bill needs to be strengthen that need to add regulation on derivatives.

WASHINGTON — The U.S. House of Representatives on Tuesday passed a financial deregulation package that would benefit the Koch brothers and the nation’s largest banks by a vote of 265-143.

The legislation would significantly weaken elements of the 2010 Dodd-Frank financial reform law dealing with derivatives — the complex products at the heart of the 2008 meltdown. Many components of the bill approved Tuesday had previously passed the House with bipartisan support. However, Democratic backing had been weakest on the most controversial measure, which allows U.S. firms to skirt domestic regulations on some derivatives by conducting trades through offshore affiliates in other major financial centers.

Republicans were almost uniform in their…

“WEASEL FARGO” **WHACKED** WHILE TRYING A RAZZLE DAZZLE TWO STEP BACKPEDAL || EXCELLENT ORDER USDC SC – HARLIN V. WELLS FARGO – WF’S CLAIM THAT NAT’L MTG SETTLEMENT PRECLUDES INDEPENDENT STATE CONSUMER CLAIMS … DENIED

IN THE UNITED STATES DISTRICT COURT DISTRICT OF SOUTH CAROLINA COLUMBIA DIVISION EMILY M. HARLIN, Plaintiff vs. WELLS FARGO BANK, NA, Defendant