Mortgage Fraud
Posted on October 27, 2009. Filed under: Banking, Finance, Foreclosure Defense, Mortgage Audit, Mortgage Fraud, Mortgage Law, Predatory Lending | Tags: affidavit, Assignment, fighting foreclosure, Figting Foreclosure, foreclosure prevention, forensic loan audit, how to stop foreclosure, loan document audit, MERS, Mortgage Audit, Mortgage Fraud, mortgage litigation, predatory loan, predatory servicing |
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 [...]
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Posted on October 23, 2009. Filed under: Banking, Foreclosure Defense, Fraud, Housing, Mortgage Audit, Mortgage Fraud, Mortgage Law, Predatory Lending | Tags: fighting foreclosure, Figting Foreclosure, Foreclosure Defense, forensic loan audit, how to stop foreclosure, loan audit, Loan Modification, MERS, mortgage litigation, mortgage modification, Predatory Lending Case Law, securitization fraud |
By PAM MARTENS
The financial tsunami unleashed by Wall Street’s esurient alchemy of spinning toxic home mortgages into triple-A bonds, a process known as securitization, has set off its second round of financial tremors.
After leaving mortgage investors, bank shareholders, and pension fiduciaries awash in losses and a large chunk of Wall Street feeding at the [...]
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Posted on October 12, 2009. Filed under: Foreclosure Defense, Fraud, Loan Modification, Mortgage Audit, Mortgage Fraud, Mortgage Law, Politics, Predatory Lending, Truth in Lending Act, right to rescind | Tags: predatory loan, mortgage modification, loan audit, foreclosure prevention, how to stop foreclosure, Figting Foreclosure, Foreclosure, Loan Modification, fighting foreclosure, forensic loan audit, loan document audit, Foreclosure Defense, mortgage litigation, Mortgage Law, Predatory Lending Case Law, Produce The Note, Missing Note |
Fight Club entered popular culture in 1999 when director David Fincher adapted Chuck Palahniuk’s novel into a film that reflected the zeitgeist of modern America with its empty culture, obsession with aesthetic beauty, and slavish under and middle classes.
Warning: Decade-old spoiler coming up.
The film ends with the agents of “Project Mayhem,” protagonist Tyler Durden’s followers, [...]
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Posted on October 4, 2009. Filed under: Banking, Case Law, Foreclosure Defense, Loan Modification, Mortgage Audit, Mortgage Fraud, Mortgage Law, bankruptcy | Tags: fighting foreclosure, Figting Foreclosure, Foreclosure Defense, foreclosure prevention, forensic loan audit, Loan Modification, MERS, Mortgage Crisis, Mortgage Default, Mortgage Law, mortgage litigation, mortgage modification, RESPA Case Law |
A bankruptcy judge here, joining judges across the country, is throwing a bit of sand in the gears of the mortgage machine and its ruthless foreclosure blade.
She has raised this issue: In many home foreclosures springing out of bankruptcy proceedings, the foreclosure is being triggered by a representative of the lender — a surrogate that [...]
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Posted on October 2, 2009. Filed under: Banking, Foreclosure Defense, Housing, Loan Modification, Mortgage Audit, Mortgage Fraud, Mortgage Law, Politics | Tags: fighting foreclosure, Figting Foreclosure, Foreclosure, Foreclosure Defense, foreclosure prevention, loan document audit, Loan Modification |
The legislation, introduced today by Senator Jack Reed of Rhode Island, would require lenders to evaluate all borrowers for affordable loan modifications before initiating foreclosure. It would also require banks to offer and approve a loan modification if the restructured mortgage returns more money, the so-called net-present value, to investors than would foreclosure.
The proposal would [...]
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Posted on August 9, 2009. Filed under: Foreclosure Defense, Fraud, Housing, Legislation, Loan Modification, Mortgage Audit, Mortgage Fraud, Mortgage Law, Predatory Lending | Tags: fighting foreclosure, Figting Foreclosure, Foreclosure, Foreclosure Defense, foreclosure prevention, forensic loan audit, loan audit, loan document audit, Loan Modification, Mortgage Audit, Mortgage Crisis, Mortgage Default, Mortgage Law, mortgage litigation, mortgage modification, Predatory Lending Case Law, predatory loan, TILA Case Law |
WASHINGTON — Billions of dollars that the government is spending to help financially pressed homeowners avert foreclosure are passing through — and enriching — companies accused of preying on the people they are supposed to help, an Associated Press investigation has found.The companies, known as mortgage servicers, collect monthly payments from homeowners and funnel the [...]
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Posted on June 30, 2009. Filed under: Case Law, Legislation, Mortgage Fraud, Predatory Lending, Truth in Lending Act | Tags: Case Law, consumer credit protection act, deceptive lending practices, forensic loan audit, Housing, loan audit, loan document audit, Loan Modification, Mortgage Crisis, Mortgage Law, mortgage litigation, mortgage modification, Predatory Lending Case Law, predatory loan, RESPA Case Law, TILA Case Law, Truth in Lending Act |
Reporting from Washington — The Supreme Court ruled Monday that states could enforce some of their consumer protection laws against national banks, a move that could lead to tougher oversight than federal regulators have provided in recent years.
The 5-4 decision in a case involving attempts by New York’s attorney general to enforce fair-lending laws was [...]
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Posted on June 29, 2009. Filed under: Foreclosure Defense, Fraud, Legislation, Loan Modification, Mortgage Audit, Mortgage Fraud, Mortgage Law | Tags: fighting foreclosure, Figting Foreclosure, Foreclosure, Foreclosure Defense, foreclosure prevention, forensic loan audit, how to stop foreclosure, loan audit, loan document audit, Loan Modification, Mortgage Audit, Mortgage Fraud, mortgage litigation, mortgage modification, regulation z |
At the request of the Federal Trade Commission, a federal court has halted a bogus mortgage foreclosure prevention operation that misrepresented both the “loss mitigation” services it offered and the earnings potential of the business opportunity it sold. The FTC seeks to end this deceptive scheme and make the defendants give up their ill-gotten gains.
According [...]
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Posted on June 27, 2009. Filed under: Case Law, Fraud, Loan Modification, Mortgage Fraud, Mortgage Law | Tags: fighting foreclosure, Foreclosure Defense, foreclosure prevention, forensic loan audit, Fraud, loan audit, loan document audit, Loan Modification, Mortgage Audit, Mortgage Crisis |
The FTC filed an amended complaint adding several new defendants in the action currently pending against Federal Loan Modification Law Center, LLP, and six related defendants. The original complaint, filed on April 3, 2009, charged the defendants with misrepresenting that in exchange for a large up-front fee, they will obtain a mortgage loan modification or [...]
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Posted on June 26, 2009. Filed under: Foreclosure Defense, Fraud, Loan Modification, Mortgage Audit, Mortgage Fraud, Mortgage Law, Predatory Lending, Truth in Lending Act, right to rescind | Tags: fighting foreclosure, Figting Foreclosure, Foreclosure, Foreclosure Defense, foreclosure prevention, forensic loan audit, loan audit, loan document audit, Loan Modification, Mortgage Audit, Mortgage Crisis, Mortgage Default, Mortgage Fraud, Mortgage Law, mortgage litigation, mortgage modification, Predatory Lending Case Law, predatory loan, regulation z, TILA Case Law, TILA violations, Truth in Lending Act, truth in lending law |
Iris Martin
My new book, Mortgage Wars, will guide you, step by step, through a war plan of engagement that has been followed by many homeowners who have won their mortgage wars. You will meet them and their attorneys throughout the book. You will learn about how you were defrauded and why; why the government cannot [...]
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