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Big banks see fairness issue with mortgage aid
Top banking industry executives are skeptical about helping troubled borrowers by forgiving a portion of their debt. Mortgage – Bank – Financial services – Business – Loan
View ArticleDefeat the Florida un(Fair) Foreclosure Act
The banking lobby just simply has no shame. Are you kidding me? They name a bill the “Florida Fair Foreclosure Act” and the bill is about taking the foreclosure process from judicial to non-judicial....
View ArticleMortgage Electronic Registraton System (MERS) Subpoenaed by NY Attorney...
MERS subpoenaed by New York, sued by Delaware Some excerpts from the report… MERS, the electronic mortgage registry used by the banking industry, was sued by Delaware on Thursday and accused of...
View ArticleIt’s Alive! | Florida Supreme Court to take on PINO V. BANK OF NEW YORK to...
It’s Alive! | Florida Supreme Court to take on PINO V. BANK OF NEW YORK to Answer “A Question of Great Public Importance” In a split ruling likely to send shivers through the mortgage banking...
View ArticleHarris County to Sue Mortgage Electronic Registration Systems (MERS) for Over...
Harris County to sue over mortgage fees Harris County Commissioners Court voted Tuesday to sue a mortgage-recording firm the county attorney’s office believes owes the county $11 million or more in...
View ArticleOCC/FED Press Release | Deadline to Request Review Under the Independent...
For immediate release February 15, 2012 Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31 WASHINGTON–People seeking a review of their mortgage foreclosures under...
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California Court Rules: MERS Can’t Foreclose, Citibank Can’t Collect
“Any attempt to transfer the beneficial interest of a trust deed without ownership of the underlying note is VOID under California Law.” If you read that sentence and thought… “MERS,” then you’re...
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Don’t Blame the American Borrower For The Fraudclosure Mess
Recently a federal judge implicitly suggested that it might be unethical to defend homeowners in foreclosure. In response I articulated the reasons why the defense of homeowners in foreclosure is my...
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UNDERSTANDING MARS – A Webinar on the FTC’s Final Rule – With Compliance...
RE-POSTED FOR YOUR CONVENIENCE: Understanding MARS The FTC’S Final Rule for Mortgage Assistance Relief Providers NEW DATE/TIME: TUESDAY, JANUARY 25th, 2011 TIME: 9:30 AM to 11:30 AM (Including time...
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David Stern – The Foreclosure King
David Stern has a $16 million Florida mansion on the Intracoastal Waterway, a $20 million plus, 130-foot jet propelled yacht, four Ferraris, four Porsches, two Mercedes Benzes, one Cadillac and a...
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Controversial Article On David J Stern….
The following post comes from the blog: Mandelman Matters: I encourage you to log on and subscribe to his blog to read the entire article, his post starts below: Stern is emblematic of everything...
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FDIC Chair Sheila Bair Warns Senate Committee about “Millions of Infected...
Of all of the Washington D.C. “players” that I’ve come to know over the last few years, there is no one that I have vacillated about more than FDIC Chair Sheila Bair. There have been times when I...
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MUST SEE TV: WA State Supreme Court Hears Arguments in Case Against MERS
“May a party be a lawful ‘beneficiary’ under Washington’s Deed of Trust Act if it never held the promissory note secured by the Deed of Trust?” That’s the key question the Washington State’s...
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What is Strategic Default? A Moral Dilemma?
Lately, the question is: what is a strategic defaults, or as the mortgage banking industry would call them “ruthless defaults”. These are foreclosures that happen on purpose. People find themselves...
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How to Strategic Default? Ask the MBA.
If you want to know how to strategic default, ask the MBA… Mortgage Banking Association. The CEO of the powerful Mortgage Bankers Association, John Courson, has said that underwater borrowers should...
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