Current Issues in Wrongful Foreclosure

23 Mar

Where are the Indictments? – 2012-03-21 10:27:13-04

Abigail C. Field- Let’s be clear why there’s a mortgage deal: the banks broke the law. Several laws in fact, in ways that appear criminal as well as civil. Limiting their liability is the only reason the banks did a deal. In this post I’m going to look at what the banks could be held liable […]YGcSvULm-Hw


We wish him speedy recovery. via: LivingLies FOR IMMEDIATE RELEASE: March 21, 2012. Phoenix, Az. Neil F Garfield had emergency open heart surgery on Wednesday, March 7. The surgery was successful and he has been discharged from the hospital. He is now recovering at home. Neil has started writing again, and is hoping to return […]T5SmQe1H3cU

Read Lan Pham’s letter to Sen. Chuck Grassley re: MERS/Securitization – 2012-03-21 15:38:05-04

LAN T. PHAM February 23,2011 Senator Chuck Grassley Ranking Member United States Senate Judiciary Committee 135 Hart Senate Offrce Building Washington, DC 20510 Re: Inquiry into Reprisal Action by the Congressional Budget Office Dear Ranking Member Grassley: At the suggestion of Mr. Gary Aguirre, I describe below the circumstances of my discharge by the Congressional […]AwDICE0HB0o

‘Whistleblower’ Lan Pham Says Mortgage Securitization Still an Issue for U.S. Homeowners – 2012-03-21 16:15:12-04

ABC- Lan Pham, an economist fired by the Congressional Budget Office two years ago, is still asking whether the watchdog agency appeared to “diminish or deny” the problem of foreclosure fraud while providing analysis to Congress. As lawmakers enter budget season in Washington D.C. and wrangle over House Republicans’ new budget blueprint, Pham is hoping […]ZPToy2K1XK4

Yes, Wall Street banks pay off top financial journalists. Why do you ask? – 2012-03-21 16:40:38-04

H/T Matt Stoller In this toxic climate, many financial journalists are on edge, worried that any misstep could make them the target of criticism for being too cozy with Wall Street. Back in October, New York Times op-ed columnist Joe Nocera, who often writes about finance, was taken to task by media critic Erik […]CL99jcFeK-I

Lisa Epstein For Palm Beach County Clerk of Courts – 2012-03-21 21:54:56-04

L1, We will do all possible to make this a reality for you. Palm Beach Post- – Clerk of Courts Sharon Bock has drawn a Democratic primary challenge from foreclosure-fighting activist Lisa Epstein, who has attracted a national following for exposing suspicious foreclosure paperwork from lending institutions. Epstein wants the clerk’s office to help crack […]i65eWAxJQao

San Francisco Foreclosures Protested By State Officials: Supervisor Avalos Calls For Moratorium – 2012-03-21 23:06:01-04

HuffPO- Supervisor John Avalos introduced a resolution on Tuesday calling for a moratorium on San Francisco home foreclosures until state and federal measures protecting homeowners from unlawful practices are in place. He also urged officials to support the California Homeowners Bill of Rights, a collection of six bills that would protect borrowers from mortgage fraud […]EFtnrVjxt5g

Opponents challenge Rep. Passidomo on foreclosure bill that would have hurt, detroy homeowners in Florida – 2012-03-21 23:21:55-04

Naples Daily- Political opponents of a Naples state legislator running for re-election have found ammunition in her fast-track foreclosure bill, which brewed statewide controversy before it died earlier this month. Rep. Kathleen Passidomo, the Republican incumbent in the state House of Representatives, said she isn’t sure whether she will resurrect the bill in the 2013 […]u3kncjBL8t4

Georgia State Senate Unanimously Approves Bill Criminalizing Foreclosure Fraud (HB 237) – 2012-03-21 23:29:29-04

PRESS ADVISORY Wednesday, March 21, 2012 Georgia Senate Unanimously Approves Bill Criminalizing Foreclosure Fraud Today, the Senate unanimously approved HB 237, legislation that will make foreclosure fraud a crime in Georgia. Currently, Georgia law criminalizes fraud during the mortgage process, but specifically does not penalize similar fraud on the back end of the loan – at […]_gEa0L8HaTA

New MBS twist: Sand Canyon sues servicer for releasing loan info – 2012-03-21 23:40:22-04

Alison Frankel- Just when you think you’ve seen it all in mortgage-backed securities litigation, along comes the likes of Sand Canyon to prove you wrong. The onetime California mortgage lender, which stopped originating loans in late 2007 and sold its servicing business to American Home Mortgage Servicing in 2008, has filed a complaint in New […]VOTmIJE3Cmw

COMPLAINT | Sand Canyon Corp. v. American Home Mortgage Servicing, Inc – 2012-03-21 23:45:00-04

SUPREME COURT OF NEW YORK Sand Canyon Corporation, Plaintiff v. American Home Mortgage Servicing, Inc. Defendant Scribd © 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.

Byrd v. MorEQUITY, INC., Ala: Court of Civil Appeals | “The conflict as to the date of (MERS) assignment materially impacts the standing issue” – 2012-03-21 23:52:16-04

Stephen A. Byrd and Cynthia B. Byrd, v. MorEquity, Inc. No. 2100734.Court of Civil Appeals of Alabama.Decided March 16, 2012.MOORE, Judge. Stephen A. Byrd and Cynthia B. Byrd appeal from a summary judgment entered by the Mobile Circuit Court (“the trial court”) in an ejectment action filed by MorEquity, Inc. We reverse. Procedural

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