CROOKS AND LIARS – Post:
Friday morning there was a massive protest in Detroit over the water crisis there. Netroots Nation attendees gathered together with National Nurses United to make a statement about how immoral and cruel the water shutoffs to poor people are. Continue reading
Do you wonder why there are not more modifications under the current administration?
Because they are idiots! …Or worse. Oh Sheila – what a shitty deal!
Published by THE RECORDER, Essential California Legal Content
Chavez v. Indymac Mortgage Services [C.A. 4thD061997]
Click here for the full decision
“We conclude the homeowner sufficiently alleged equitable estoppel to preclude the lender’s reliance on the statute of frauds defense.
We also conclude that the homeowner sufficiently alleged a cause of action for wrongful foreclosure.” Continue reading
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
We’re fortunate in Hawaii to have accessible U.S. Senators who have been on a first name basis with with their constituents forever. And at times like these U.S. Senator “Dan” Inouye has always been our “go to guy.”
Aloha Senator Inouye –
This morning we received the email of President Obama’s Weekly Address:
It’s Time for Congress to Help Responsible Homeowners.
Putting the spotlight on former IndyMac CEO, Micheal Perry, who recently set-up a self-serving blog to try and achieve a sympathetic audience for the justification of the demise of his company and the charges brought by the SEC. The NY Times writes:
“In the whodunit of the financial crisis, Wall Street executives have pointed the blame at all kinds of parties — consumers who lied on their mortgage applications, investors who demanded access to risky mortgage bonds, and policy makers who kept interest rates low and failed to predict a housing market collapse.
But a new defense has been mounted by a bank executive: my regulator told me to do it.
This unusual rationale is presented by the bank Continue reading
THE HIDDEN TRUTH
Behind the collapse of the economy in the U.S. and around the world is the massive loss of pension and retirement funds belonging to government employees, union workers and corporate 401k beneficiaries – these were the “investors” in the securitization fraud stemming from the unregulated derivatives. Hordes of lawsuits have been filed by investors against Wall Street banks, but it’s pretty obvious the money is gone. Continue reading
U.S.Seeks Ideas on Renting Out Foreclosed Property
By EDWARD WYATT
Published: August 10, 2011
WASHINGTON— Uncle Sam wants you — to rent a house from Uncle Sam.
The Obama administration said on Wednesday that it was soliciting ideas on how to turn the federal government’s inventory of foreclosed houses into rental properties that could be managed by private enterprises or sold in bulk.
The goal, the administration said, is to stabilize neighborhoods where large supplies of empty, foreclosed properties have hurt property values. In addition, the plan is an effort to clear the nation’s balance sheet of real estate holdings that, because they have been difficult to sell individually, have hung over the housing market and stunted sales of existing homes and new construction. Continue reading