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Tag Archives: Foreclosure
Republicans Reflect – Where Did Your GOP Go?
By DEADLY CLEAR
Republicans keep calling every national program – Socialism. They had been told to blame Democrats for social security, Medicaid and Medicare – all popular programs that they use and need. The inconvenient truth is that the entire world economy, controlled by the elite [aka SWAMP], is a Financial Socialist Order. The new Democrat Elite Financial Socialism has caused this global destruction, destroyed the old parties, made it so clouded with infiltration you couldn’t tell the difference between left and right – and failed to let their own party folks know – the good ol’ days are gone for the hypocrites too.
Do Lenders Need To Hold Both Promissory Note & Mortgage At Foreclosure?
SJC To Consider “Produce The Note” Foreclosure Defense In MERS Mortgage Case
by RICH VETSTEIN on SEPTEMBER 8, 2011 in
FANNIE MAE, FORECLOSURE, MASSACHUSETTS REAL ESTATE LAW, MORTGAGE CRISIS, MORTGAGES
Do Lenders Need To Hold Both Promissory Note & Mortgage At Foreclosure?
In a rare “sua sponte” (on their own) direct appellate review, the Massachusetts Supreme Judicial Court has agreed to hear an appeal considering the controversial “produce the note” defense in foreclosure cases and whether a foreclosing lender must possess both the promissory note and the mortgage in order to foreclose. Based on arguments asserted by the lender, the court may also consider the circumstances by which a mortgage granted to Mortgage Electronic Registration System (MERS) can be effectively foreclosed in Massachusetts. Continue reading
REALITY CHECK – The Banks Are Going to Lose the FHFA Suits
The Banks Are Going to Lose the FHFA Suits, So They Are Trying to Shoot The Messenger.
By Abigail Caplovitz Field | September 10, 2011
Ever since the Federal Housing Finance Authority (FHFA, Fannie Mae & Freddie Mac’s overseer) filed its blockbuster securities fraud suits against 17 banks and 131 individual bankers, a lot of commentators have said, essentially: How dare FHFA sue banks for securities fraud? Fannie and Freddie were crooks too! (Er, Fannie and Freddie were too sophisticated to be fooled! Fannie and Freddie couldn’t have been defrauded by the banks!) Continue reading
Part II – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street
Part II: Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other
By David DeGraw
Continuing from Part I on DEADLY CLEAR:
You can read the suits filed against each individual bank here. For some more information read Bloomberg: BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion. Noticeably absent from the list of companies being sued is Wells Fargo.
And the suits just keep coming…
BofA sued over $1.75 billion Countrywide mortgage pool
Bank of America Corp (BAC.N) was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying Continue reading
Editorial: Obama Believes “Wall Street is our Main Street”
Editorial Comment
Posted By Dale Parsons
August 26, 2011
Remember Barack Obama’s “Yes we can” victory speech from Chicago’s Grant Park on Election Night 2008? Nearly three years later, what’s happened to the hope and promise of that November evening? For millions of American families struggling with foreclosure, it’s become nothing more than empty words and disappointment from an Administration that believes “Wall Street is our Main Street” and “foreclosures are good for the economy.” Their half-assed attempt to alleviate the foreclosure crisis, HAMP, has proved to be nothing more than a cruel
Super Hero Schneiderman Kicked Out of Club for Standing Up for America
The time has come to rattle the cages of our Attorneys General, our Governors, our Congressional Representatives and State Legislators.
We need to tell them that we support New York’s Attorney General Schneiderman! The one true Super Hero, Eric T. Schneiderman, AG of the great state of New York understands the vast amount of fraud that is associated with securitization.
Schneiderman is not willing to fall in the Obama line dance and allow the banks to get off nearly scot-free for ALL of the wrongs, frauds, abuses and Ponzi scheming that they’ve done. The fearless leader has been outspoken because he knows, just like his predecessor, Elliot Spritzer, that these banks have committed crimes that surpass any “get out of jail” free pardons the failed Obama administration might be willing to give. Continue reading
Obama Administration Tries to Protect Banksters Urging AG Cooperation
It was midnight Sunday. I couldn’t sleep. NY Times emails me an alert to Gretchen Morgenson’s article about how the Obama “I only care about the banks” Administration is trying to negatively influence the NY AG (my hero) Eric Schneiderman who is gunning after the Wall Street banks for their foreclosure fraud and Ponzi scheme that collapsed our country. I was angry, tossing and turning all night thinking about how I would blog my emotions. When I awoke there were several other well-respected bloggers that expressed my feelings for the leader of the unemployed, homeless, “free” world better than I ever could.
Attorney General of N.Y. Is Said to Face Pressure on Bank Foreclosure Deal
By GRETCHEN MORGENSON
Published: August 21, 2011 Continue reading
RSN – Fannie Mae Pushed Banks to Foreclose
Fannie Mae Pushed Banks to Foreclose
By Todd A. Heywood, Michigan Messenger
17 August 11
Revelations called ‘disgusting,’ but not surprising.
Michigan leaders in the fight against the foreclosure crisis reacted strongly Sunday to revelations that mortgage giant Fannie Mae appears to have been pushing banks to foreclose on homeowners rather than continue negotiating loan modifications. Continue reading
Report: UNDERWATER MORTGAGES AND 1 MILLION JOBS
Ian Pajer-Rogers | New Bottom Line, an organizer of the New Bottom Line shared an incredible document today. The Win Win Solution is exactly what we need. Reconstruct the mortgages to the current market value at 2% for 30 years with the homeowners in lieu of litigation! Now is time to take that call to action to our Attorneys General, our Governors and our lawmakers. Continue reading
Deadly Clear 