Posts Tagged ‘foreclosure mills’

The Birth of Robo-Signing…

Written on 3 Oct, 2011 at 6:43

My office will investigate whether other banks engaged in such practices because these failings involve much more than mere technicalities, as GMAC/Ally has claimed. As a consumer advocate and attorney, I am dismayed and shocked that the bank blatantly skirted... (Continue reading)

David Stern – The Foreclosure King

Written on 14 Feb, 2011 at 13:06

Stern is emblematic of everything that's ugly and wrong with the mortgage banking and finance industries in this country. Whether all the allegations about him are true is irrelevant. In my view, he's an unethical, arrogant, abusive and... (Continue reading)

Tagged with: april charney Ben Ezra Katz david stern diana olick Fannie Mae Florida foreclosures foreclosure crisis foreclosure fraud foreclosure mills Freddie Mac HAMP loan modifications LPS mandelman matters matt weidner NACA steven baum the foreclosure king

THE SiGNiNG… Or, Pardon me, Mr. Banker, but your REMIC is showing.

Written on 10 Oct, 2010 at 10:11

So, why didn't the bankers assign the loans to the trusts? I don't know... for sure. But I'm going to go out on a limb here and tell you it's because they wanted to borrow against them, and... (Continue reading)

Tagged with: affidavits alan grayson ally bank april charney assignments assignments to the trusts Attorney General Blumenthal Bair bank fraudulent foreclosures bank of america barney frank bond market Bush Clinton corrine brown countrywide credit markets Fannie Fannie Mae FDIC FDIC Chair Sheila Bair foreclosure freeze foreclosure mills foreclosurefraud.com fraudulent foreclosures Freddie Freddie Mac GMAC GMAC/Ally Bank Grahm Greenspan HAMP House Speaker nancy pelosi HSBC illegal notarizations investors jpmorgan chase judicial foreclosure state Leech loan modifications mandelman matters martin andelman MERS midterm elections missing assignment ml-implode Moody's NACA naked capitalism new century non-judicial foreclosure state O. Max Gardner III OCC Office of the Comptroller of the Currency ohio ag old republic national one west bank pass through certificates PNC Financial President Barack Obama Reagan REMIC trusts robo-signers robosigners Rubin securitization Summers tax reform texas AG Treasury Secretary Tim Geithner US Bank wall street bankers wells fargo bank Yves Smith

GMAC Halts Evictions Related to Foreclosures in 23 States When News of Forged and Robo-Signed Documents Comes Out

Written on 24 Sep, 2010 at 16:50

Okay, so here's the story... some attorneys representing homeowners in foreclosure noticed that GAMC was saying things that weren't true, which is sometimes referred to as "lying," and then in a deposition it came out that a middle manager at... (Continue reading)