Don’t think for a minute that this could not happen to you. This is much more prevalent than you can imagine.
The New York Times – by JESSICA SILVER-GREENBERG
Barry Tatum returned to his home in Chicago in December to find that his front and back doors had been torn from their hinges, leaving his possessions exposed to the frigid winds that whipped through his neighborhood.
Terrified that he had been robbed, Mr. Tatum, who had fallen behind on his Bank of America mortgage, raced inside only to discover an unlikely source of the break-in, he Continue reading
Don’t you wonder if maybe now that there are lawsuits like PHOENIX indicating the securitized trusts are actually empty and assignments were never made, if that might be enough reason for the SEC to take action? We’ve seen Lehman loans that were not assigned and Aurora hiding trust information – gotta wonder how management could not know the trusts are empty. We can hope Mr. Barofsky has been looking into this too.
Inside the End of the U.S. Bid to Punish Lehman Executives
At a closed-door meeting in early 2011, Wall Street regulators were close to throwing in the towel on their biggest case.
The Securities and Exchange Commission’s eight-member Lehman Brothers team, having hit one dead end after another over the previous two years, concluded that suing the bank’s executives would be legally unjustified. The group, noting that prosecutors and F.B.I. agents had already walked away from a parallel criminal case, reached unanimous agreement to close its most prominent investigation stemming from the financial crisis, according to officials who attended the meeting, which has not been reported previously.
But Mary L. Schapiro, the S.E.C. chairwoman, disagreed. She pushed George S. Canellos, who supervised the Lehman investigation as head of the S.E.C.’s New York office, to explain how executives who presided over the biggest bankruptcy in United States history could…
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God Bless you Neil! Anything we can do to help – count us all in! Lord knows, we have the evidence. Major mahalo! DC Ed.
Neil Barofsky, the former prosecutor who brought transparency and accountability to the federal government’s 2008 bank bailout program as its first special inspector general, has joined Jenner & Block, a law firm based in Chicago, as a partner.
Mr. Barofsky, who was appointed by President Obama to oversee the $700 billion Troubled Asset Relief Program in late 2008, was a Washington outsider whose periodic reports on the program questioned Treasury officials’ claims of its effectiveness. He and his office drew criticism at times from those officials, as a result.
Mr. Barofsky left his post in 2011 to teach at New York University’s law school. He also wrote “Bailout,” a scathing account of his time in Washington that highlighted the problem of regulators who he said were for the most part captured by…
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Don’t think for one minute that this could not happen to you.
On the day Bennie Coleman lost his house, the day armed U.S. marshals came to his door and ordered him off the property, he slumped in a folding chair across the street and watched the vestiges of his 76 years hauled to the curb. Continue reading
No endorsements, nothing stamped on the note – but claimed by a trust. If you don’t have a working copy of your note from your servicer – request it. If you do not know where your loan is located contact report@DoctelPortal.com and we’ll run a securitization search for you. Even if you are not in foreclosure you need to know where your loan is located. Don’t trust the banks – verify everything.
REQUEST FOR RESEARCH ASSISTANCE: PROJECT UNENDORSED NOTES
September 5, 2013
Our goal is to provide the Mortgage Fraud Taskforce with 1,000 examples of unendorsed notes used by trusts in foreclosures and bankruptcies.
Our research results will also be published on this website.
Please send copies of any unendorsed mortgage note used by a trust in a foreclosure or bankruptcy action to the Housing Justice Foundation, by pdf or fax (561.355.0893).
Please note:
1. We are at this time looking only for mortgage notes claimed by trusts.
2. The last page of the note is most important – showing that the note was not endorsed.
3. Please also give the name of the court and the case number where the note was filed.
4. Please do NOT send copies of mortgages, riders, entire case files – we are only seeking the NOTES.
5. Please do not include any case where the note was endorsed by an…
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Correcting Foreclosure Practices – Updated August 28, 2013
While cruising the Internet looking for the status of a particular bank, the Office of the Comptroller of the Currency (OCC) Independent Foreclosure Review website jumped into view. The OCC website is worth an examination even though the Submission Window is closed (way too early IMHO) as there are numerous CONSENT ORDERS made available for viewing.
Of course the accused financial and/or financial related companies never admit or deny the the “Findings” from the examination by the: Continue reading
When a unknown bank named as a Trustee for a securitized trust (usually Deutsche Bank, Bank of NY Mellon, US Bank National, etc.) sends you a letter stating you owe them money and you are in default, the first thing you should do is contact a local title company and have them look for an Assignment of Mortgage under your address or tax key number (it won’t likely be under your name). Chances are the Assignment of Mortgage is fabricated and void; however, this is the breeder document that allows the banksters to foreclose.
The following information will assist you in searching the Securities and Exchange Commission (SEC) for the alleged trust. Continue reading
“The Leveraged Buyout of America” by Ellen Brown, Author, Web of Debt, Public Bank Solution; President, Public Banking InstituteGiant bank holding companies now own airports, toll roads, and ports; control power plants; and store and hoard vast quantities of commodities of all sorts.
They are systematically buying up or gaining control of the essential lifelines of the economy. How have they pulled this off, and where have they gotten the money? Continue reading
Gee what happened? Housing was moving upward according to the latest propaganda…
A List of Mortgage Closures, Mergers and Layoffs
Digital Risk laying off 112 employees in Boca Raton, FL
Bank of America cutting 543 jobs in Fresno
Chase to shed 97 mortgage positions in Columbus, OH
Citigroup laying off 150 workers at Fort Mill, SC
OneWest cutting 78 jobs in Pasadena, 102 in Irvine, CA
JPMorgan Chase cutting 42 mortgage servicing jobs in Iselin, NJ
Wells Fargo shedding another 2,323 mortgage jobs nationwide, including 365 in Birmingham, 330 in Orange County, CA, 292 in Phoenix, and 284 in Charlotte
LoanDepot and imortgage.com to merge
1-800-East-West Mortgage Co. suspends operations, cuts roughly half of staff due to decline in business
Retreat Capital Management, Inc. cutting 73 jobs in Dallas
Bank of America slashing 113 mortgage jobs in Dallas
Chase to cut 500+ mortgage jobs in Texas
Capital One Financial to buy Beech Street…
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