Stopforeclosurefraud website:

coming this Sunday August 9th 2015 — you don’t want to miss The Foreclosure Hour –

We want the world to know what happens when one stands up to the mortgage fraud industry, including law enforcement. 

w/ Special Guests

David Krieger

Hector Acosta

&

Armado Ramiriez

EVERY SUNDAY
3:00 PM HAWAII
6:00…

Not waiting for regulators — including state-government agencies — to expand protection of senior customers, Wells Fargo has decided to allow its brokers to interfere, even if the action could lead to lawsuits, Financial Advisor magazine writes.

Regulators certainly seem to be looking into ways to curb elder abuse. Finra launched a senior help line in April and — according to Gerri Walsh, head of Finra’s Investor Education Foundation — has already received 1,000 calls from brokerage clients as well as executors and beneficiaries of estates, reports the magazine.

But Wells Fargo is preparing to tackle the issue. Appearing at a Practising Law Institute seminar last week, Wells Fargo managing counsel Beverly Jo Slaughter said the firm’s brokers will be able to stop transactions if they suspect fraud — regardless of whether they have legal authority — even at the risk of getting sued, Financial Advisor reports.

While Wells…

Jamie needs to take his own advice and reverse those words: Dump all the bankster CEOs and the entire board and create a good team of CEO and board. And the first sentence of the article is absolutely correct: Dimon is no entrepreneur.

DENVER BUSINESS JOURNAL – Jamie Dimon says he is no entrepreneur.

But the JPMorgan Chase & Co. chairman and CEO knows business and how to succeed. Entrepreneurs, he said today, need a good team, need to dump the jerks, and sometimes need to fail.

Read on.

Reverend Jesse Jackson said in 1972 at the Black National Convention in Gary, Indiana echoing the words of poet Leroi Jones (aka Amiri  Baraka) : It’s Nation Time! Well, it’s nation time! Time for every county  in every state to follow the example of Santa Cruz: Not do business with the banksters and move their monies in a community bank or small bank!

SF Gate:

The county’s Board of Supervisors just voted not to do business for five years with any of the five bank felons. The county won’t use the banks’ investment services or buy their commercial paper, and will pull its money out of the banks to the extent that it can.

“We have a sacred obligation to protect the public’s tax dollars, and these banks can’t be trusted,” said county SupervisorRyan Coonerty. “Santa Cruz County should not be involved with those who rigged the world’s…

Bipartisan bills rein in GSE CEO pay, provide formal TRID grace period

The House Financial Services Committee approved a slate of bipartisan bills directly impacting the mortgage and housing finance space Wednesday.

They now face a vote before the full House of Representatives.

“We seek to simplify the rules, reduce complexity and compliance costs.  Complicated and costly regulations serve as barriers that too often keep small competitors off the playing field,” said Chairman Jeb Hensarling, R-Texas. “With regulatory relief, we can level that playing field between big corporations and small businesses and create a healthier economy.”

Among the bills passed were:

H.R. 3192, the “Homebuyers Assistance Act”

H.R. 3192 delays enforcement of a CFPB regulation surrounding the home buying process to allow more time for the CFPB to ensure purchasers and buyers are not unfairly harmed by this new regulation.

H.R. 3192 passed 45-13.

H.R. 1210, the “Portfolio Lending…

Outlined in today’s Wall Street Journal:

A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts.

If the case proceeded, Switzerland’s largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court.

Within months, Mrs. Clinton announced a tentative legal settlement—an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS, an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.

From that point on, UBS’s engagement with the Clinton family’s charitable organization increased. Total donations by UBS to…

Matt Weidner Law website:

The Eagles Master Association v. Bank of America

St. Andrews at the Eagles, Inc., appeals a final judgment of foreclosure in
favor of Bank of America.1 We reverse because the Bank failed to prove its standing.
On October 12, 2009, a residential foreclosure complaint was filed by BAC
Home Loans Servicing, L.P., formerly known as Countrywide Homes Loans Servicing,
L.P. The first count was to foreclose on a mortgage given by Marie Black; the second
count was to reestablish a lost note and mortgage. St. Andrews was named as a
defendant based on allegations that it might claim a subordinate interest or lien in the
property “by virtue of possible association liens and assessments.”
On the copies of the mortgage and note attached to the complaint, the
lender was identified as Countrywide Bank, FSB. Mortgage Electronic Registrations
Systems, Inc., commonly referred to as MERS, was named…