Judge Approves DiTech Third Amended Plan in Bankruptcy —

see Docket 1404 (2) Order confirming third amended joint chapter 11 plan of ditech BEWARE: Things are not what they appear. This is another step in which something is made out of nothing. The entire plan is not based on any real assets or income of DiTech nor does it have any nexus to the…

via Judge Approves DiTech Third Amended Plan in Bankruptcy — Livinglies’s Weblog

Ocwen Refunded Money to Maine Borrowers Who were Illegally Foreclosed

see https://www.housingwire.com/articles/49795-ocwen-agrees-to-refund-maine-residents-to-end-foreclosure-dispute-with-the-state/ Important quotes from article: According to the Maine Bureau of Consumer Credit Protection, Ocwen Loan Servicing instigated foreclosures on loans based on paperwork that was determined to be legally inaccurate. According to the consent agreement, the Power of Attorney over the loans that were in the Aegis portfolio ceased to exist when the entity was dissolved in…

via Ocwen Refunded Money to Maine Borrowers Who were Illegally Foreclosed — Livinglies’s Weblog

Here is the Answer to Guilt About the “Free House” — the one the banks don’t want you thinking about.

Imagine we are in a new era, where disclosure was full and complete to investors and borrowers. The deal pitched to investors is simple: the investment bank gets your money and uses it to buy debts, notes and mortgages. The purchased loans (including the debts) will be put into a portfolio and the investors grant…

via Here is the Answer to Guilt About the “Free House” — the one the banks don’t want you thinking about. — Livinglies’s Weblog