Finance
Mortgage Assignment & Affidavit Fraud
In bankruptcy and government takeovers of financial institutions, missing collateral is a major obstacle for trustees and regulators to overcome. The missing assignment problem is an extension of not carelessness or sloppiness as many have claimed, but of overt acts of fraud.
Skilled attorneys and forensic accounting experts could expose this fraud and as such, the [...]
Entire Finance Industry Filled With Massive, Pernicious Fraud
The entire finance and real-estate “industry” is filled with massive, pernicious fraud, and we now have only one question remaining – will The Government do its lawful and mandated job, that of prosecuting the bad actors, or has it joined with the fraudsters, become one with them, and thus, declare itself as a gang of mobsters [...]
Read Full Post | Make a Comment ( None so far )MERS v. Southwest Homes of Arkansas
MORTGAGE ELECTRONIC REGISTRATION SYSTEM, INC., APPELLANT, VS. SOUTHWEST HOMES OF ARKANSAS, APPELLEE
No. 08-1299
SUPREME COURT OF ARKANSAS
2009 Ark. LEXIS 121
March 19, 2009, Opinion Delivered
NOTICE:
THE LEXIS PAGINATION OF THIS DOCUMENT IS SUBJECT TO CHANGE PENDING RELEASE OF THE FINAL PUBLISHED VERSION.
SUBSEQUENT HISTORY: Rehearing denied by Mortgage Elec. Registration Sys. v. Southwest Homes of Ark., Inc., 2009 Ark. [...]
Expanding the Making Home Affordable program
The Making Home Affordable program may be further expanded to help more underwater homeowners refinance their mortgages.
Though mortgage rates have crept up in recent weeks, current interest rates are more favorable than they have been in the past few years.
However, many homeowners have been unable to take advantage of the low rates thanks to loan-to-value (LTV) constraints, [...]
A Case for Economic Democracy
This lecture was delivered on March 25, 2009, at Union Theological Seminary in a public forum, “Christianity and the U.S. Crisis,” associated with a class co-taught by Cornel West, Serene Jones, and Gary Dorrien. It is an abridged version of a chapter in Dorrien’s forthcoming book, Social Justice in Question: Economy, Difference, Empire, and Progressive [...]
Read Full Post | Make a Comment ( None so far )Homeowner Assistance Increasing In February Foreclosure Prevention Report
Washington, DC – May 12, 2009 – (RealEstateRama) — Federal Housing Finance Agency (FHFA) Director James B. Lockhart today released FHFA’s latest Foreclosure Prevention Report detailing actions taken to prevent unnecessary foreclosures. The report, based on data from the Enterprises’ 30.2 million residential mortgages as of February 28, shows significant foreclosure prevention activity.
Foreclosure Prevention Actions:
* [...]
Fraud fears cloud FHA’s success in stabilizing housing market – National Business – MiamiHerald.com
WASHINGTON — As the Federal Housing Administration has stepped in to help stabilize the housing market by underwriting more mortgages, the Depression-era agency is seeing growing default rates that could undermine its health, the Department of Housing and Urban Development inspector general testified Thursday.
Kenneth Donohue also told the Senate Appropriations housing subcommittee that unscrupulous lenders [...]
Gerald Celente: Sub-Prime was Peanuts Compared to the Coming Commercial Real Estate Collapse
Gerald Celente appears on Fox Business News to talk more about the collapse of ‘09, where he predicts more civil unrest, collapse of commercial real estate and the retail sector, and the new credit crisis. (video follows excerpts and comments)
Who’s going to rent all this vacant retail space? This country’s been way overbuilt for a [...]
Wells, BofA and JPM Chase Were More Disparate By Race
NEW YORK, April 2 — In the first study of the just-released 2008 mortgage lending data, Fair Finance Watch has found that the seeming survivors of the banking meltdown, Wells Fargo, Bank of America and JPMorgan Chase, had worse disparities by race and ethnicity in denials and higher-cost lending than the banks they acquired, Wachovia [...]
Read Full Post | Make a Comment ( None so far )Bill Moyers Journal . Transcripts | PBS
BILL MOYERS: Welcome to the Journal.
For months now, revelations of the wholesale greed and blatant transgressions of Wall Street have reminded us that “The Best Way to Rob a Bank Is to Own One.” In fact, the man you’re about to meet wrote a book with just that title. It was based upon his experience [...]
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