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FRAUD STOPPERS CAN HELP YOU SAVE TIME AND MONEY, AND INCREASE YOUR ODDS OF SUCCESS, SUING FOR MORTGAGE AND FORECLOSURE FRAUD WITH THESE PRODUCTS AND SERVICES:

STOP FORECLOSURE

FRAUD STOPPERS STOP FORECLOSURE

FRAUD STOPPERS PMA can help you stop a foreclosure sale and stop an eviction by providing you with Administrative Documents and Court Ready Legal Documents needed to gain the legal remedy the law entitles you to. Register for a FREE Mortgage Fraud Analysis and Bloomberg Securitization Search right now and get the facts you need to make the right decision today. Click here

TURNKEY LAWSUITS

FRAUD STOPPERS TURNKEY LAWSUITS

FRAUD STOPPERS PMA can provide you with a Turnkey Lawsuits that include court ready Complaints, Exhibits, Trail Ready Evidence, Expert Witness Affidavits, Expert Witness Testimony, Application for Temporary Restraining Order,TRO, (to stop a foreclosure sale or eviction), and Lis Pendens (to cloud the marketability of the title to the real property). Get everything you need to sue your lender for mortgage or foreclosure fraud at wholesale pricing today. Click here

 WINNING EVIDENCE

FRAUD STOPPERS Trail Ready Evidence

FRAUD STOPPERS PMA can provide you and your attorney with Trial Ready Evidence to win a Quiet Title Lawsuit, Wrongful Foreclosure Lawsuit, or Mortgage Fraud Lawsuit. Such as: Mortgage Fraud Audits, Bloomberg Securitization Audits, Robo-Signing Audits, Chain of Title Investigations, Forensic Audits, Exhibits, Expert Witness Affidavits, and Expert Witness Testimony. Get the supporting evidence you need to win your case today. Click here

LEGAL EDUCATION

FRAUD STOPPERS How to Win in Court Jurisdictionary Course

Get Knowledge, Get Understanding! FRAUD STOPPERS PMA can help you win your case (with or without an attorney). Learn case winning tactics and procedures. Learn what your attorney should and should not be doing. Learn how to control lawyers and judges! Learn everything you need to win your case from A to Z, in less than 24 hours with the #1 selling Pro Se Legal Education Course since 1997. Click here.

SECURITIZATION AUDITS

FRAUD STOPPERS BLOOMBERG SECURITIZATION AUDITS

Get a Trial Ready Bloomberg Securitization Audit and discover who actually funded your mortgage loan transaction. Does your current lender or loan servicer have the legal rights to enforce your mortgage? Your Bloomberg Securitization Audit includes: Time Stamped Bloomberg Screenshot[s], Pooling & Servicing Agreement, Mortgage Fraud & Robo-Signing Check, Credit Default Swap Analysis, Chain of Title Investigation, and an Expert Witness Affidavit. Click here

ROBO-SIGNING AUDITS

FRAUD STOPPERS ROBO SIGNING AUDITS

Discover if your mortgage loan and foreclosure documents contain false and forged signatures of mortgage assignments, satisfactions, affidavits, and other legal documents related to mortgage foreclosures with a Robo-Signing AuditThe Robo-Signing scandal is an opportunity to challenge a foreclosure in court, negotiate with your lender, and buy time. Robo-Signing Audit, Get a Robo-Signing Audit today and get the evidence you need to gain the legal remedy you deserve. Click here

CHAIN OF TITLE INVESTIGATIONS

FRAUD STOPPERS CHAIN OF TITLE INVESTIGATIONS

Has your loan been sold or transferred over and over again? Is your chain of title broken? Do you have a clouded title? If so, get a Chain of Title Investigation that includes a full chain of title analysis of all the ASSIGNMENTS & TRANSFERS of your mortgage loan contract, revealing how and where your loan was transferred from the origination of the loan until today. Get the trail ready evidence you and your attorney needs to win a quiet title lawsuit or wrongful foreclosure lawsuit today. Click here

MORTGAGE FRAUD AUDITS

FRAUD STOPPERS MORTGAGE FRAUD AUDITS

Does your mortgage loan contract contain fraud, legal violations, breaches of contract, or tortuous conduct? If so you may have legal standing for remedy. Register for a FREE Mortgage Fraud Analysis and Bloomberg Securitization Search right now, and find out if your loan qualifies for a Mortgage Fraud Audit that includes a chain of title investigation, Robo-Signing check, securitization audit, and expert witness affidavit. Get the facts and help you need to save your home right now. Click here

PARALEGAL SUPPORT

FRAUD STOPPERS PARALEGAL SUPPORT FRAUD STOPPERS PMA can help you save time and money and increase your odds of success Pro Se, with Professional Paralegal support products and services. Register for a FREE mortgage fraud analysis and potential cause of action consultation right now and get the professional help that you need to save your piece of the American dream. Click here

LOAN MODIFICATIONS

FRAUD STOPPERS LOAN MODIFICATIONS AND MEDITATION SERVICES

FRAUD STOPPERS PMA can help you negotiate a loan modification or meditation settlement with our Professional Meditation Settlement Services. You can save money and get your loan modification you deserve with our Pro Se loan modification program. Or get the help you need from a licensed attorney, or trained meditation expert. Click here

BANKRUPTCY DOCUMENTS

FRAUD STOPPERS Bankruptcy Documents

FRAUD STOPPERS PMA can help you file for bankruptcy to stop your foreclosure sale or eviction Pro Se with Free Bankruptcy Documents. File a chapter 7 bankruptcy, a chapter 11 bankruptcy, a chapter 13 bankruptcy, or a chapter 20 bankruptcy. Get FREE Bankruptcy Documents, information, and court cases. Click here

CREDIT REPAIR PROGRAMS

FRAUD STOPPERS Credit Repair Programs

If your credit score has been negatively impacted by late payments, a foreclosure sale, or other credit circumstances FRAUD STOPPERS Credit Repair connection has you covered. Through a simple but powerful 3-step process, the credit repair team can help you improve your credit score fast and easy for a low monthly payment of only $59. Plus you can learn how to get paid to improve your credit too! Click here

EXPERT WITNESS AFFIDAVITS

FRAUD STOPPERS EXPERT WITNESS AFFIDAVITS

FRAUD STOPPERS Bloomberg Securitization Audit, Mortgage Fraud Audit, Robo-Signing Audit, and Chain of Title Investigation includes a signed and notarized Expert Witness Affidavit from one of the top experts in the industry who is available to provide you and your attorney with the expert witness testimony that you need to win your Quiet Title Lawsuit, Mortgage Fraud Lawsuit, or Wrongful Foreclosure Lawsuit. Get a professional Expert Witness Affidavit and get the evidence you need to win your case. Register for a Free Mortgage Fraud Analysis today. Click here

EXPERT WITNESS TESTIMONY

FRAUD STOPPERS EXPERT WITNESS TESTIMONY

FRAUD STOPPERS PMA can provide you and your attorney with one of the top experts in the mortgage fraud and securitization industry with the following credentials: MBA, BA, FINRA Series 7, FINRA Series 63, Chartered Financial Analyst (CFA), Adjunct Professor who has trained and certified over 500 industry experts / attorneys in mortgage fraud & securitization audits, and who has participated in State bar approved instruction on Banking Issues in CA, NV, IL, NY, GA, and FL. Get the professional Expert Witness Testimony that you need to win your case today. Click here

WRONGFUL FORECLOSURE

FRAUD STOPPERS WRONGFUL FORECLOSURE LAWSUITS

Wrongful Foreclosure is common today because approximately 70 million mortgage loans have been securitized into Mortgage Backed Securities (MBS) and sold to Wall Street. If you are currently facing a foreclosure sale, or your house was sold at a foreclosure sale or auction, register for a Free Mortgage Fraud Analysis and Bloomberg Securitization Search right now because you may have legal standing to sue for Wrongful Foreclosure seeking financial compensation and possibly clear and free title to your home. Click here

QUIET TITLE LAWSUITS

FRAUD STOPPERS QUIET TITLE LAWSUITS

A Quiet Title lawsuit establish a party’s legal title to real property and can “quiet” any challenges or claims to the title of that property. If you have a clouded title or a broken chain of title you can use a Quiet Title Lawsuit to obtain “Clear and Marketable” title to your property. If you have a MERS Mortgage, or your mortgage loan contract has been sold or transferred numerous times you may need a Quiet Title Lawsuit. Register for a FREE Mortgage Fraud Analysis and Bloomberg Securitization Search today and get the FACTS you need to make the right decision. Click here

FORECLOSURE ATTORNEYS

FRAUD STOPPERS FORECLOSURE DEFENSE ATTORNEYS

Stop Foreclosure Fast with a Foreclosure Defense Attorney. FRAUD STOPPERS PMA can help connect you to a Foreclosure Defense Attorney to stop your foreclosure sale or eviction, sue for Quiet Title or Wrongful Foreclosure, or negotiate a loan modification. Foreclosure Defense Attorney who are dedicated to helping homeowners who are struggling with mortgage or foreclosure problems. Click here

RESPOND TO A NOTICE OF DEFAULT

FRAUD STOPPERS HOW TO RESPOND TO A NOTICE OF DEFAULT

If you have received a Notice of Default (NOD) FRAUD STOPPERS PMA can provide you with a powerful proven way to correctly respond to the Notice of Default (NOD) securing all of your legal rights to remedy and laying the groundwork for a state and federal lawsuit for mortgage and foreclosure fraud. Register for a free mortgage fraud analysis right now and get the documents you need to respond to a Notice of Default (NOD). Click here

DEFAULT JUDGMENT & FINAL JUDGMENT

DEFAULT JUDGMENT & FINAL SUMMARY JUDGMENT

FRAUD STOPPERS PMA can help you respond to a notice of default, foreclosure notice, motion to dismiss, demurrer, default judgment, or Final Summary Judgment with professional prepared, court ready, legal documents. If you have to respond to a notice of default, answer a foreclosure complaint, answer a motion to dismiss or demurrer, or file a motion to vacate summary judgment, Click here

 

JOINT VENTURE PROGRAMS

FRAUD STOPPERS Real Estate Joint Venture Options

If you are seeking an honest, ethical, real estate investor to work with on a short sale, deed in lieu, keys for cash, or joint venture walk-a-way transaction FRAUD STOPPERS PMA can help you. We have access to nationwide real estate investors who are trained in all manners of create real estate solutions, honest and ethical, and have the means to make almost any real estate transaction work for a win/win solution. Click here

Patrick Griffin

Fraud Stoppers Team took me out of the confusion and darkness and put me on a road of structure and knowledge . Each day there was a goal set and achieved , I had been fighting a battle they were initiating a process , that made all the difference. On each step of their process I found their paperwork to be top notch , there support people always there with the right answers. If you like I find yourself fearful wandering in darkness and confusion bombarded with information and misinformation ;make a call to the Team at Fraud Stoppers . I did and have no regrets.

DAVID CHARLES

I would like to say that I love your website,and I think you guys are spot on when it comes to the issue with loans originating from the area 2005,2006,2007 and so on.

Dutch Maynard

FRAUD STOPPERS helped me in many ways. I contacted them because I was struggling with a foreclosure action started by Bank of America which devolved to LSF9 Master Participation Trust serviced by Caliber Home Loans (actually owned by LSF9, covertly). FRAUD STOPPERS began its help by providing a free audit of the mortgage history of my property and introduced me to the concept of tangible and intangible note and security documents.

Margo Biuso

Through your agency I was referred to law firm that is working on research of my original mortgage file. This I was told is about a year, and I am about 3 months into it.

Terrence Clarke

Yes we need more fraud stopper in all area of this Society. To tell it as it is about the one percent and the ninety nine percents.

Daniel Lee

Thanks too the one and only Fraud Stoppers I found that I was a tenant and not the owner and I was kicked out of my property as a tenant in common and not the owner. Over come the deception  and a bifurcated separation of tittle and deed.

Lani Bernard

Yea thank you Mr. Frank.. you are gods mercy for us.. smile

Fred Schneider

Thanks again for ALL you do to help people like me and all the others you make claim you have helped.  You and Neil are doing a great job and there seems to be a LOT of movement out there and across our nation to finally get people to understand this huge racketeering scam that has gone on far too long.

Patty Cueto

I do realize that I got a great deal on the docs. I just want to thank you again for all you have done for me, also I’m very grateful for finding you on YouTube. Keep up the great work !!! We definitely need more people like you in this world,

Tim VanderLinda

You folks are just great people who give solid information I have not been able to obtain until today. Just a big thanks and little hope that your who I think you are, considering how long I have faced the incessant frauds and crimes that have essentially stripped everything in my life without any honest advocate. Thank you again for any type of help you provide.

Julie Meadows

I am very happy with the work your company has done and your genuine concern. Next month I am going to sign on with Legal Shield as you also suggested.

Robert Willis

This is Willis from SC. I thank the whole staff of the Fraud Stoppers in doing a great job in the litigation dept. Especially Amy! She is one heck of a woman. Joe you are very lucky to have her on your team! Peace and blessings to you all.

Liz Combs

Thank you so very much, Frank and Damion, for being on top of this and so quick in your response. I will be reviewing it later on this evening, or perhaps tomorrow morning! I appreciate the notes back to me!

William Montes-Pack

I am satisfied with the answers and corrections.  The answers definitely helped me understand the relationship between government guaranteed loans, recordings & securities.

Judith T Gilchriest

Thanks guys it’s so good. So unbelievable all the stuff in my loan still gotton finish paper work n send other letters gonna send the rest all at once and wait 21 days I think they already responded with paperwork different than there compliant can’t wait to right a review just a lot to learn but so expertly laid out and trust you guys go far and beyond the act of duty and have all the expertise and stand behind your company’s word

Marcella Hernandez

Among many attributes, Fraud Stoppers’ program has a great deal of information and resources available.  It’s really good to have information that someone I trust has looked at and approves of before spending time reading it.

Fraud Stoppers sends me helpful emails like this one. Great advice.

Cynthia Cameron

You guys are doing a great job!

Wendy Stein

Beautiful product launch!!!! Looking forward to working with ya’ll again, soon!

Robbie Lee

I got them done finally yesterday and bank didn’t put home on the market they stopped the sale hmm wonder why ? I got a good reason want to hear bet you already know don’t you ? Cause they do not hold the NOTE! I am happy made me believe more thank you not for making me worry jk but for sicken in with me I can be a handful and I am Sorry I worry all the time but I wanted to tell Sir TY

Phil Hewett

Thanks for the effort…hope I can put it to good use.

Charles Rapoli

Just wanted to pass on to you a big thank you for the analysis. It was great talking to someone that brings a ray of hope through all the deceptive evil that surrounds us. I reviewed the documents and I am very impressed with the information. I have learned even more.I look forward to more and thanks. Keep up the good work.

Earl Combs

Thank you very much, Damion and Frank! Your work is much appreciated! Thank you, also, for a speedy response!

Julie Brown

Thanks for all your help.  I appreciate it.

Mrs. Reyes

I hope all is well with you.  I just wanted to wish you a Happy Holiday and thank you for all your hard work.  I look forward to working with you in the new year.

Wendy Green

Thank you so very much for your concern and the information you are willing to share. I will follow-up as discussed.

Prince:~:Ma'at.

I certainly appreciate you and the work being done to help others.Thanks again.

Pamela Owen

I forgot to mention that I’m still in my home! AND I’m having fun!

Mike Nicholson

I think Fraud Stoppers is awesome. What you guys do is to help others save their homes from foreclosure.

John C

FRAUD STOPPERS helped me stop my foreclosure and get a huge principal reduction on my mortgage.

Elizabeth Smith

I just wanted to say thank you to FRAUD STOPPERS for helping me get a $35,000 keys for cash settlement.  So YES, I would absolutely refer FRAUD STOPPERS to anyone looking for help with a foreclosure issue, because they didn’t make any false promises to me, and they did exactly what they said they would do.

Stephanie Johnson

Thanks FRAUD STOPPERS for helping me sue for mortgage fraud at the last minute. I stopped my foreclosure and I am currently negotiating with my lender for a principal reduction. And it looks like they’re gonna forgive all of my late payments, over $28,000!

Terrance Matthews

I filed FRAUD STOPPERS quiet title lawsuit and Wells Fargo stopped the foreclosure sale faster than Trump fired the FBI director. I’m telling you guys I anit never seen anything like this before. FRAUD STOPPERS I owe you guys big time. Thank you.

Matt Pacht

I wanted to say thank you to FRAUD STOPPERS for helping me save my house from foreclosure and get a super awesome loan modification. In fact Ocwen agreed to forgave almost all of my late payments. So thanks FRAUD STOPPERS. You guys are great!

Cindy W

I live just outside Austin Texas. I just wanted to take a second and say thank you to FRAUD STOPPERS. I filed FRAUD STOPPERS wrongful foreclosure lawsuit after Bank of New York Mellon sold my house, and 9 months later I’m still here. Thanks FRAUD STOPPERS

Monica and Kevin

Listen if you need help with your mortgage we recommend FRAUD STOPPERS because we got the help we needed for free!

Steve Labady

My neighbor referred me to FRAUD STOPPERS, and within a few minutes on the phone I knew I found the right place to help me with my foreclosure. They connected me to a local law firm that filed a federal lawsuit against Bank of American for me, on contingency.

That lawsuit is still ongoing, but I can tell you that the help I got was worth way more than the $100 membership fee I paid. So if you’re looking for a trustworthy company to help you save your home from foreclosure, I highly recommend FRAUD STOPPERS.

Roger Hader

I called FRAUD STOPPERS to help me save my house from foreclosure. But unfortunately I called them too late. Hey but at least they scam me out of money like the mortgage fraud examination company I paid $2500 to.

Thanks FRAUD STOPPERS for telling me the truth. At least you guys tried, and that’s all I could ask for. If I find anybody I’ll send them your way.

Robert Claflin

I’m here to tell you that FRAUD STOPPERS helped me save my house from foreclosure without having to spend an arm and a leg for an attorney. They provided me with a court ready lawsuit, all of the evidence I needed, and full litigation support. I was able to sue my lender for mortgage fraud and negotiate a settlement offer that was better than I had ever hoped for.

In fact the entire process was a lot easier than I expected too. They even took care of the entire mediation process for me.So bottom line, if you need help with a mortgage or foreclosure issue call FRAUD STOPPERS right now because I’m sure you’ll be as happy and satisfied as I am. Thanks FRAUD STOPPERS for helping me save my home.

Tiffany Rogers

I just wanted to let you know that I used FRAUD STOPPERS to stop my foreclosure. Thanks FRAUD STOPPERS. You guys ROCK!

Angela and Tony

We want to let you know that we used FRAUD STOPPERS to save home from foreclosure. If you’re fighting a foreclosure we recommend FRAUD STOPPERS because they’re honest, and they know how to stop a foreclosure and bring the bank to the negotiating table.

Victor Seabrooks

Well guys here we are 14 months later and I just left the court where Wells Fargo foreclosure case was dismissed with Prejudice. That’s right with Prejudice! Can you believe it. Now all we have to do is sue for quiet title and I’m home free.

Liz Marks

I applied for a loan modification 8 different times and each time I was denied. I paid several companies and lawyers and none of them had any luck getting my loan mod approved.

This last time there was a foreclosure sales date set one of my patients referred me to FRAUD STOPPERS. To be honest I had already lost hope and was going to just give up, but Mary told me I got nothing to lose to call them. Thank you FRAUD STOPPERS you guys did the impossible. I owe you one.

Susan Holtz

FRAUD STOPPERS helped me in my foreclosure fight with SPS. They gave me the legal documents to stop the foreclosure sale, and they negotiated a principal reduction of my loan of more than $50,000. I would recommend FRAUD STOPPERS to anyone. Cheers!

Edgar T

Thank you for all the help. I just got everything in order ready to file last night. I’m going to go over everything one more time today thoroughly to make sure I did everything 100% correctly so I can file this evening.  I will also call Nathan today to get more information on using him. I’m very excited to get this filed. I will definitely keep you updated on my progress. Thank you.

 

STOP FORECLOSURE AND MORTGAGE FRAUD NOW

AIG breaks into mortgage securitization big-time with high quality first offering

AIG breaks into mortgage securitization big-time with high quality first offering When American International Group sold its mortgage-guaranty unit United Guaranty to Arch Capital Group last year, the company said that it planned to turn to residential mortgages to make up for the loss in revenue from the sale of United Guaranty. But AIG didn’t start originating new loans. Rather, the company has been buying up high-quality jumbo mortgages, and now plans to securitize those loans. According to...
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CenturyLink Is Accused of Running a Wells Fargo-Like Scheme

CenturyLink Is Accused of Running a Wells Fargo-Like Scheme A former CenturyLink Inc. employee claims she was fired for blowing the whistle on the telecommunications company’s high-pressure sales culture that left customers paying millions of dollars for accounts they didn’t request, according to a lawsuit filed this week in Arizona state superior court. The company’s shares fell the most in six weeks on the news, while the shares of merger partner Level 3 Communications Inc. also dropped...
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JPMorgan Chase Is Biased Against Dads, ACLU Complaint Says

JPMorgan Chase Is Biased Against Dads, ACLU Complaint Says The American Civil Liberties Union is accusing JPMorgan Chase & Co. of violating the Civil Rights Act by discriminating against fathers when they ask for parental leave. The ACLU filed its complaint Thursday with the Equal Employment Opportunity Commission. If the EEOC finds merit in the case and the parties are unwilling to settle, it could give the green light to bring a federal lawsuit against the bank. “For whatever reason,...
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Wells Fargo Is Accused of Making Improper Changes to Mortgages

Wells Fargo Is Accused of Making Improper Changes to Mortgages Even as Wells Fargo was reeling from a major scandal in its consumer bank last year, officials in the company’s mortgage business were putting through unauthorized changes to home loans held by customers in bankruptcy, a new class action and other lawsuits contend. The changes, which surprised the customers, typically lowered their monthly loan payments, which would seem to benefit borrowers, particularly those in bankruptcy. But...
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Bank of America agrees to pay $2M over customer recorded calls

Bank of America agrees to pay $2M over customer recorded calls SAN DIEGO – Bank of America will pay nearly $2 million to settle a lawsuit alleging it violated state law by failing to timely disclose its automatic recording of phone calls with members of the public, San Diego County District Attorney Bonnie Dumanis announced Tuesday. Under the terms of the court-approved judgment, which was entered without admission of liability, Bank of America will pay civil penalties totaling $1,635,000, and...
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How you can find favor with judges

How you can find favor with judges Get your way the Right Way! Having a judge rule against you because he doesn't "like" you isn't a good thing! It helps to have the judge "on your side". But! There's only ONE WAY to get a judge's favor. Know what you're doing, do it well, and don't waste the court's time! Currying favor with flattery doesn't work. Judges get the "sweet treatment" every day. Trying to butter up a judge with flowery words will work against you. The judge won't respect you. The...
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CFPB Is Probing Wells Fargo’s Mortgage Practices

CFPB Is Probing Wells Fargo’s Mortgage Practices The Consumer Financial Protection Bureau is conducting an investigation into alleged improprieties in Wells Fargo’s mortgage fee practices. The CFPB is looking into allegations, first reported by ProPublica in January, that the bank inappropriately charged customers fees to extend their promised interest rates when their paperwork was delayed. The CFPB probe is in its early stages, according to a person familiar with it, and there is no...
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Deutsche Bank reaches $95 million RMBS settlement with Maryland

Deutsche Bank reaches $95 million RMBS settlement with Maryland The state of Maryland announced last week that it reached a $95 million settlement with Deutsche Bank over claims that Deutsche Bank misled investors about its securitization and sale of residential mortgage-backed securities and collateralized debt obligations during the run-up to the financial crisis. The settlement, which was announced last week by the office of Maryland Attorney General Brian Frosh, includes a requirement that...
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New York City cuts ties with Wells Fargo

Earlier this year, reports began to emerge that New York City was considering becoming the next in a string of cities and states that cut ties with Wells Fargo in the wake of the bank’s fake account scandal. And Wednesday, that’s exactly what happened, as New York City’s mayor and comptroller announced that the city is ending its business relationship with Wells Fargo. According to the office of New York City Mayor Bill de Blasio, the city is suspending its relationship with Wells Fargo due to...
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Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deutsche Bank AG

Federal Reserve Board announces $41 million penalty and consent cease and desist order against Deutsche Bank AG The Federal Reserve Board on Tuesday announced a $41 million penalty and consent cease and desist order against the U.S. operations of Deutsche Bank AG for anti-money laundering deficiencies. The actions were taken by the Board to address unsafe and unsound practices at the firm’s domestic banking operations. The Board identified failures by Deutsche Bank’s U.S. banking operations to...
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FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 30, 2017

FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 30, 2017   Settlements on Appeal Joseph L.S. St. Amant The Dispute Resolution Pyramid Table 18, Page 76 of THE INSIDER’S GUIDE TO FIFTH CIRCUIT INTERNAL PROCEDURES Everybody understands that settlements are an important part of the litigation process. The vast majority of cases never reach judgment – they are settled somewhere along the way. What is perhaps less obvious, however, is the overwhelming extent to which the law’s...
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Wells Fargo $142 Million Dollar Account-Scandal Settlement

Wells Fargo Must Fully Compensate Victims in Account-Scandal Settlement SAN FRANCISCO (CN) – Wells Fargo must guarantee full compensation and credit history repairs for an estimated 2.73 million victims of its sham accounts scandal before a judge will approve a proposed $142 million settlement. U.S. District Judge Vince Chhabria laid out his conditions for approving the deal in a ruling Wednesday night, less than one week after several lawyers urged him to reject the settlement during a May 20...
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California district court upholds constitutionality of CFPB

California district court upholds constitutionality of CFPB A U.S. district court judge in the Central District of California defended the constitutionality of the Consumer Financial Protection Bureau after rejecting multiple challenges to the bureau’s authority to issue civil investigative demands (CID),according to a blog by James Kim and Daniel Delnero, published in the CFPB Monitor. The decision comes amid a growing amount of cases disputing the constitutionality of the bureau, which...
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Wells Fargo scandal may force New York City to find new bank

Wells Fargo scandal may force New York City to find new bank City rules may require New York to yank its deposits from Wells Fargo, one of 20 banks approved to hold the city’s cash. A commission is set to meet next week to decide which banks are approved for city deposits for the next year — and advocates point to the city’s own rules to argue officials are legally required to bump the embattled bank from the list. Wells Fargo — embroiled in a scandal over the creation of up to 2 million fake...
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FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 23, 2017

FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 23, 2017   Revised UCC Article 9, IRC 1031 Like Kind Exchange Transactions, and Liens on Real Property. Did the lien’s beneficial interest maintain perfection, and was it therefore eligible to be negotiated with the note in that capacity, as statutorily required? That would require that you were the actual creditor and that you actually made that note as a maker issuer, for the purposes of being the beneficiary of the debt...
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Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry

Citigroup Agrees to $97.4 Million Settlement in Money Laundering Inquiry But no jail time… For years, Citigroup employees feared that millions of dollars the bank was moving to Mexico might be suspicious. Yet in many cases, the bank did not alert regulators or step up its monitoring for money laundering, federal prosecutors said Monday. Even as the Citigroup unit Banamex USA was growing to dominate remittances from the United States to Mexico, the bank did not properly safeguard its systems...
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Las Vegas: Sin City Harbors A New Kind Of Crime Ring

TOPICS:CorruptionJanet PhelanJustice May 17, 2017 By Janet Phelan Las Vegas. These words conjure up visions of glitz, glam, glitter and fabulous wealth.  And behind Vegas’s casino culture have always lurked rumors of laundered money and organized crime. The Mob’s influence in Vegas is legendary, going back to its inception. Recent concerns have involved the Sands Hotel and Casino, whose owner, Sheldon Adelson, paid $47 million to avoid federal money laundering charges in 2013. But now, another...
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$142M Wells Fargo Deal Moves Forward Despite Objections

$142M Wells Fargo Deal Moves Forward Despite Objections SAN FRANCISCO (CN) – A federal judge said Thursday he will likely approve a $142-million Wells Fargo settlement, despite objections that the deal lets the bank off easy for opening millions of unauthorized accounts. The class action settlement in Jabbari v. Wells Fargo would release the bank from liability for opening an estimated 3.5 million fraudulent accounts and lines of credit from 2002 to 2017. Alabama attorney W. Lewis Garrison,...
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HSBC : settles bondholders’ claims of Libor manipulation

HSBC : settles bondholders’ claims of Libor manipulation HSBC Holdings Plc has settled claims by a group of U.S. bondholders that it conspired with rivals to rig the Libor benchmark interest rate, according to a New York court filing on Monday by the bondholders’ attorneys. The filing did not disclose the terms of the settlement, which it said must be approved by U.S. District Judge Naomi Reice Buchwald in Manhattan federal court. “We are pleased the matter is resolved,” said HSBC spokesman...
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Philadelphia sues Wells Fargo over discriminatory lending

Bad news for Wells Fargo… Housingwire: The city of Philadelphia announced Monday that it is suing Wells Fargo for alleged discriminatory lending practices against minority borrowers. Philadelphia’s announcement specifically cites the recent Supreme Court decision, which stemmed from a lawsuit brought by city of Miami against Bank of America, Citigroup, and Wells Fargo in 2013. In its lawsuit, Miami claimed that the banks engaged in predatory lending to minority borrowers in the city, and...
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FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 16, 2017

FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 16, 2017   From THE PAPER CHASE, Pages 50-51, Adam Levitin. “Even in cases in which there is not a preexisting junior mortgage on the same property, the depositor lapse in MERS’s common-agency system raises questions about perfection in the hands of the trustee, meaning whether the trustee’s mortgage will have priority over competing interests in the mortgaged property. Does the common agency spring again when the mortgage is...
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Supreme Court rules cities can sue banks for predatory lending

Supreme Court rules cities can sue banks for predatory lending Hands partial victory to Miami in suits against Bank of America, Wells Fargo The Supreme Court handed down a landmark ruling, stating cities can sue banks for discriminatory mortgage lending practices, but cautioned that the burden of proof could be difficult to achieve. In a 5-3 ruling released Monday, the Supreme Court ruled cities hold the right to sue banks over the banks’ lending practices, if an alleged violation of the Fair...
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Wells Fargo bogus accounts balloon to 3.5 million: lawyers

Wells Fargo bogus accounts balloon to 3.5 million: lawyers Wells Fargo & Co may have opened as many as 3.5 million unauthorized customer accounts, far more than previously estimated, according to lawyers seeking approval of a $142 million settlement over the practice. The new estimate was provided in a filing late Thursday night in the federal court in San Francisco, and is 1.4 million accounts higher than previously reported by federal regulators, in what became a national scandal. Keller...
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Texas orders Ocwen to stop acquiring new mortgage servicing rights

Texas orders Ocwen to stop acquiring new mortgage servicing rights The Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corporation to cease and desist, adding its name to a growing list of states and regulators coming after the mortgage servicer over alleged violations of state and federal law. According to the order, as first reported by Kristen Mosbrucker with the San Antonio Business Journal, “The Savings and Mortgage Lending Commissioner having determined...
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MERS wins in four Pennsylvania county lawsuits

MERS wins in four Pennsylvania county lawsuits The Commonwealth Court of Pennsylvania, by a majority opinion, ruled in MERS’ favor in four lawsuits filed by the Recorders of four Pennsylvania Counties (Delaware, Berks, Bucks and Chester), locking in another victory for the company. MERSCORP runs a private database of mortgage liens for use within the industry. Mortgage Electronic Registration Systems serves as the mortgagee in the land records for loans registered on the MERS System, and the...
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New York Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases

New York Court Quietly Moves to Toss Out Hundreds of Foreclosure Cases BROOKLYN — Kings County Supreme Court is about to quietly dismiss thousands of foreclosure cases on Tuesday — in what lawyers say will deal a severe blow to homeowners with pending cases. The court said it planned to dismiss all cases filed before Jan. 1, 2016 that have seen no court activity after Sept. 30, 2016.  It quietly published a notice of the administrative dismissal in the New York Law Journal on Thursday, April...
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Judge Skewers Wells Fargo at Hearing on Phony-Accounts Scandal

Judge Skewers Wells Fargo at Hearing on Phony-Accounts Scandal SAN FRANCISCO (CN) — A federal judge Thursday appeared skeptical of Wells Fargo’s claim that its board of directors was unaware of the scope of the phony accounts scandal that already has cost the bank more than $300 million in penalties for the misconduct. Some would say that the judge skewered Wells Fargo! During a hearing on a motion to dismiss a shareholder class action, U.S. District Judge Jon Tigar appeared to reject...
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Chinese group becomes biggest shareholder of Deutsche Bank as investors revolt

Chinese group becomes biggest shareholder of Deutsche Bank as investors revolt Conglomerate HNA has upped its stake in the bank to 9.92 percent as a result of a voting rights announcement and share package worth £2.8billion (€3.4bn). The Chinese have replaced the ruling family of Qatar al-Thani as the largest Deutsche Bank shareholder. The bank’s British CEO John Cryan is attempting to rebuild Deutsche after tearing up his turnaround strategy after 17 months. Read on.   If you are in...
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Maria Bartko charged with running a $1.4 million mortgage fraud scheme turns government witness

Co-Defendant Likely To Testify Against Ill. Judge, Feds Say By Diana Novak Jones Law360, Chicago (May 4, 2017, 5:10 PM EDT) -- The co-defendant of an Illinois state judge charged with running a $1.4 million mortgage fraud scheme is cooperating with the government and is likely to testify at the judge’s trial this summer, prosecutors told an Illinois federal judge overseeing the case Thursday. Maria Bartko, who was charged along with Cook County Circuit Court Judge Jessica Arong O’Brien, is...
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How the FHA May Impact the Supreme Court Foreclosure Ruling

How the FHA May Impact the Supreme Court Foreclosure Ruling In a 5-3 decision on Monday, the U.S. Supreme Court determined that cities can sue banks over lost tax revenue on foreclosed properties from urban blight. Law360 reported that Miami has the standing to sue Bank of America Corp. and Wells Fargo & Co. under the Fair Housing Act, stating that the banks’ discriminatory and predatory lending practices led to a major shortfall in city tax revenues. The final ruling is not up to the high...
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Massachusetts sues Ocwen for “abusive” mortgage servicing practices

Massachusetts sues Ocwen for “abusive” mortgage servicing practices Ocwen fought back against Massachusetts’ regulations, asking a court to restrain the state’s cease and desist order because it would “cause significant harm” to its customers in the state. But, the Division of Banks isn’t the only Massachusetts governmental entity that is now targeting Ocwen. Recently, Massachusetts Attorney General Maura Healey announced that the state is suing Ocwen for widespread “abusive” mortgage...
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The city of Philadelphia just gave Wells Fargo its walking papers

The city of Philadelphia just gave Wells Fargo its walking papers Wells Fargo has lost the contract it held for Philadelphia’s $2 billion payroll account. The bank’s public standing continues to suffer even as it has sought to correct problems tied to the fake-account scandal. Efforts by Wells Fargo to move beyond its bogus accounts scandal have been set back by the loss of a big government contract. The Philadelphia City Council voted Monday to change handlers of its $2 billion payroll...
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FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 2, 2017

FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update May 2, 2017   The following snippets are from the affidavit of Walker F. Todd an attorney and legal officer for the legal Departments of the Federal Reserve Banks of New York and Cleveland. Banks are required to adhere to Generally Accepted Accounting Principles (GAAP). GAAP follows an accounting convention that lies at the heart of the double-entry bookkeeping system called the Matching Principle. This principle works as...
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Miami Lawsuit Against Mortgage Lenders Survives High- Court Review

Miami Lawsuit Against Mortgage Lenders Survives High- Court Review WASHINGTON — The Supreme Court handed a partial victory to the city of Miami Monday, ruling it was authorized to bring lawsuits alleging Bank of America Corp. and Wells Fargo & Co. engaged in financial-crisis-era discriminatory lending that led to urban blight and falling property values. The court said in its 5-3 ruling, however, that Miami in future proceedings will have to establish that the banks caused direct harm to...
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UBS, BNP, RBS get subpoenas in U.S. Treasuries probe – Bloomberg

UBS, BNP, RBS get subpoenas in U.S. Treasuries probe – Bloomberg U.S. federal prosecutors subpoenaed several banks last month as part of a criminal investigation into possible manipulation of the U.S. Treasuries market, Bloomberg reported on Monday. The banks include UBS Group AG (>> UBS Group AG), BNP Paribas SA (>> BNP Paribas) and Royal Bank of Scotland Plc (>> Royal Bank of Scotland Group plc), Bloomberg reported, citing people familiar with the matter. A series of class...
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Kentucky Law Journal Article Cites Accountability for Lawyers Who Wrote Securitization Documents

  Kentucky Law Journal Article Cites Accountability for Lawyers Who Wrote Securitization Documents Posted on April 27, 2017 by Neil Garfield "Back at the beginning of creating the false pyramid of “Securitization” 9 lawyers in the New York metropolitan area resigned rather than contribute to drafting securitization documents. They all agreed that what was being requested of them was the drafting of documents to cover up a criminal enterprise. This article spells out part of the problem."...
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OCWEN FILES MOTIONS FOR RESTRAINING ORDERS AND INJUNCTIONS AGAINST ILLINOIS AND MASSACHUSETTS MORTGAGE REGULATORS

OCWEN FILES MOTIONS FOR RESTRAINING ORDERS AND INJUNCTIONS AGAINST ILLINOIS AND MASSACHUSETTS MORTGAGE REGULATORS WEST PALM BEACH, Fla., April 25, 2017 (GLOBE NEWSWIRE) — Ocwen Financial Corporation, (NYSE:OCN) (Ocwen or the Company), today announced the filing of two emergency motions requesting immediate court action restraining the cease and desist orders brought by the Illinois Department of Financial and Professional Regulation, Division of Banking and the Commissioner of Banks of the...
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Ocwen pulls a PHH: Asks court to declare CFPB unconstitutional, requests DOJ help

Ocwen Financial is pulling a PHH. Just as PHH did recently, Ocwen is playing the unconstitutional card in its fight against the Consumer Financial Protection Bureau, asking the United States District Court for the Southern District of Florida to declare the CFPB unconstitutional and toss out the CFPB’s lawsuit against the company. Read on.   If you are in foreclosure or you have lost your home to foreclosure and you want to sue for mortgage fraud or foreclosure fraud, FRAUD STOPPERS PMA...
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U.S. Bank fined $15 million for bankruptcy filing violations

The Office of the Comptroller of the Currency announced Tuesday that it is ordering U.S. Bank National Association to pay a civil penalty of $15 million for what it calls “bankruptcy filing violations” that occurred between 2009 and 2014. According to the OCC, an investigation found that between 2009 and 2014, U.S. Bank “engaged in filing practices in bankruptcy courts with respect to proofs of claim, payment change notices, and post-petition fees among others that did not comply with...
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FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update April 25, 2017

    65 SIGNS THAT YOUR FORECLOSURE DOCUMENTS COULD BE FRAUDULENT The Mortgage or Deed of Trust is assigned from the Originator directly to the Trustee for the Securitized Trust. 2. The Mortgage or Deed of Trust is assigned months and sometimes years after the date of the origination of the underlying mortgage note. 3. The Mortgage or Deed of Trust is assigned from the initial aggregator directly to the Securitized Trust with no assignments to the Depositor or the Sponsor for the Trust. 4....
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Maryland bans Ocwen from operating in the Free State.

Housingwire: Maryland’s action, taken by the state’s Commissioner of Financial Regulation, is, in the words of a HousingWire tipster, a “doozy.” Maryland’s cease-and-desist order, which can be read in full here, presents a laundry list of Ocwen’s supposed failings, including the company’s “failure to cooperate” with examiners from the Multi-State Mortgage Committee, Ocwen’s alleged unlicensed servicing activity in Maryland, issues with the REALServicing platform that Ocwen uses (issues with...
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If Ocwen is (or was) Your Servicer Take Action Now!

If Ocwen is (or was) Your Servicer Take Action Now! Ocwen has admitted that its mortgage servicing policies and loan processing systems are a “train wreck”.  As regulators and the Consumer Fraud Protection Bureau (CFPB) set their sights Ocwen, we recommend that FRAUD STOPPERS readers who currently or in the past have had their loans serviced by Ocwen contact us immediately. Even though Ocwen is currently being investigated for predatory servicing practices, nothing may come from these federal...
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Trump signs memorandum on Dodd-Frank’s orderly liquidation authority

Trump signs memorandum on Dodd-Frank’s orderly liquidation authority Housingwire: Unlike a broader past executive order designed to roll back the Dodd-Frank Wall Street Reform Act, the landmark legislation passed in wake of the financial crisis, Friday’s executive memorandum focused on the orderly liquidation authority part of Dodd-Frank. From the USA Today piece: Direct the Treasury Secretary not to use orderly liquidation authority to bail out insolvent financial institutions, reigniting the...
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A detailed breakdown of Ocwen’s new restrictions by state

Massachusetts put Ocwen out of business. Here are the rest of the states.. Housingwire: Below is a list of the remaining states with relevant passages about each state’s restrictions on Ocwen: Arkansas – Arkansas Securities Commissioner, B. Edmond Waters, issued a press release in connection with a cease and desist order issued against Ocwen Loan Servicing, LLC and Ocwen Mortgage Servicing, Inc. Ocwen Loan Servicing, LLC and Ocwen Mortgage Servicing, Inc. are ordered to cease and desist from...
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CFPB, Florida Sue Ocwen For Mortgage Servicing Issues

  CFPB, Florida Sue Ocwen For Mortgage Servicing Issues Share us on: By Evan Weinberger Law360, New York (April 20, 2017, 5:02 PM EDT) -- The Consumer Financial Protection Bureau on Thursday sued mortgage servicer Ocwen Financial Corp. in Florida federal court alleging that the firm’s servicing database is riddled with inaccuracies and incomplete information that resulted in wrongful foreclosure proceedings against around 1,000 families, the same day Florida filed a similar suit against...
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How many whistle-blowers did the Feds ignore? In the Wells Fargo case about 700.

Wow! There were multiple red flags and missed signals at the OCC for years, the bank’s main regulator, the report said. Most tellingly, bank examiners assigned to review Wells Fargo were aware of approximately 700 whistle-blower complaints related to “gaming of incentive plans” when they met with senior managers of the San Francisco-based bank in January 2010, the report said. Carrie Tolstedt, who at the time headed the community banking division that was ground zero for the scandal was...
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Foreclosure, Liberty, Justice, & The Rule of Law

Liberty, Justice, & The Rule of Law I have a T-shirt that says "Freedom is not Free!" Patrick Henry said, "Give me Liberty or give me death!" Liberty is what we seek. •    Liberty to own a home. •    Liberty to run a business. •    Liberty to enjoy life. But, there's a crack in the Liberty Bell ... a warning. The promise was "Justice for ALL". But "ALL" do not get Justice! And, Liberty without Justice is impossible! War and public protests alone can never secure Justice for ALL. Take the...
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OCC blames itself for not investigating Wells Fargo sooner for Foreclosure Fraud

If you are in foreclosure and you have a loan with Wells Fargo you should know that a federal regulator on Wednesday criticized its oversight of Wells Fargo’s sales practices, saying it failed to act quickly enough once it learned of problems at the San Francisco bank. In a report, the Office of the Comptroller of the Currency said it knew of issues with sales practices at Wells since at least 2010 – six years before the scandal would erupt in September with $185 million in fines from OCC and...
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$5M Jury Award for Foreclosure Fraud Case

David Dayen Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud Hardcover – May 17, 2016 Click on book to purchase it right now! A Texas jury’s recent decision to award over $5 million in damages and fees for the fraudulent foreclosure of a single home suggests that the big banks could have been on the hook for as much as $32 trillion — before the Justice Department and state attorneys general settled for $25 billion, or less than one-tenth of a penny...
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FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update April 18, 2017

FRAUD STOPPERS PMA Mortgage Foreclosure Defense Blog Update April 18, 2017   100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION By LYNN E. SZYMONIAK, ESQ., ED., Fraud Digest (www.frauddigest.com) LISA EPSTEIN, www.foreclosurehamlet.org 1. Most mortgages in the U.S. are owned by trusts. 2. The trusts are often referred to as “RMBS” trusts, an acronym standing for “residential mortgage-backed securities.” 3. The total U.S. mortgage debt is between $12 and $14 trillion. Of this,...
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Breaking News for Homeowners Facing Foreclosure:

According to a government audit nearly 83% of mortgages survey contained legal errors and violations that could be problematic for lenders attempting to foreclose!

 

Do You Have One of Them?

 

CHANCES ARE GOOD YOUR MORTGAGE LOAN CONTRACT CONTAINS FRAUD. According to a government audit 83% of the mortgages contain legal violations and errors. Legal violations and errors, breaches of contract, appraisal fraud, mortgage fraud, clouds on title, and other issues have caused a large number of mortgage transactions to be legally problematic for lenders attempting to foreclose. Furthermore these legal issues that exist in many mortgages can result in a Borrower having legal grounds to file suit as a countermeasure to foreclosure.

 

If you are currently facing foreclosure, or you have recently lost your home to foreclosure, we recommend that you take immediate action and register for a FREE Mortgage Fraud Analysis and Bloomberg Securitization Search using the intake form at the bottom of this page. FRAUD STOPPERS will analysis your mortgage loan documents for signs of fraud, and show you a proven way to save time and money (and increase your odds of success) suing for financial compensation for mortgage fraud, clear and marketable title to your home, or both!

 

Learn How to Cancel Secured and Unsecured Debt Obligations through Strategic Litigation Right Now.

FRAUD STOPPERS will analysis your mortgage loan documents for violations of the Uniform Commercial Code (UCC) to determine what legal options your current mortgage loan situation qualifies for. Then we will help you formulate an effective and affordable strategy to get the legal remedy that the law entitles you to, and that you deserve.

Our primary focus is helping you get clear and marketable title to your property by arguing that the actions of the banks have made the security provisions of the mortgage/deed of trust unenforceable as a matter of law.

Our Association of member’s main objective is to maintain and improve the civil rights, constitutional guarantees and political freedom for every member and citizen of the United States of America.

We believe that the First Amendment of the Constitution of the United States of America guarantees our members free speech, petition, assembly, and the right to gather together for the lawful purpose of advising and helping one another in asserting our rights under the Federal and State Constitutions and Statutes.

Get the FACTS and EVIDENCE that you need to fight mortgage and foreclosure fraud, stop a foreclosure sale or eviction, and save your house from foreclosure.  Yes. Upwards of 95% of all home loan borrowers have suffered injuries in the form of appraisal fraud, mortgage fraud, legal errors, contract breaches, and/or regulatory law breaches.  To discover these, the borrower must hire a competent professional to conduct a comprehensive examination of all documents related to the loan transaction.  With an examination report in hand to prove the injuries, the borrower may negotiate a favorable settlement or sue for damages.  Only such an examination, and artfully presenting the causes of action revealed in the exam report, can provide a reliable way for the borrower to end up with cash in hand or other financial compensation for the injuries. Currently there is an estimated 70,000,000 mortgages that MERS claims to hold. This represents about 60% of the residential real estate in the United States of America. So chances are your mortgage and loan has been compromised.

What is MERS?

MERS functions as a centralized electronic registry of mortgages, and it was supposed to track the ownership of these mortgages, which are typically sold multiple times during the loan’s life. MERS potentially affects upwards of 70 million residential mortgage loans nationwide, and almost completely crashed the U.S. housing market by itself because of so many problems with the packages.

MERS was created by lenders and title insurance companies, so it would be easier to transfer the beneficial interests to other secondary market lenders. Yet, some mortgages ended up significantly discounted due to packaging problems, which made them inactive. Where’s the “IOU” for the mortgage debt?

The MERS Scandal

Missing documents, notary fraud, and “robo-signing” led the way. There was a lot of chaos involved with MERS mortgage packets, which contained no original promissory notes (the “IOU” for the mortgage debt) in these same MERS files.

Knowledgeable homeowners were able to completely stop their home foreclosures by pointing out that the foreclosing entity, such as the mortgage servicing company, didn’t have a legal right to foreclose on their homes, since they didn’t have all of their valid mortgage paperwork in their files. These questionable ownership interests in the mortgages led to foreclosure moratoriums, court settlements, and inactive statuses.

There were a large number of allegations of notary fraud in which real or fake notaries such as “Linda Green” were allegedly part of the massive “Robo-Signing Scandal” nationwide.

It has been suggested that promissory notes, deeds of trust or mortgages, and other loan or title documents were forged, left blank, or illegally assigned to numerous mortgage investors. Since MERS was set up to become as paperless, speedy, and efficient as possible, there was not enough third party oversight to check whether these documents were valid.

Questionable Beneficial Interests

“No Note = No Debt” became the mantra for homeowners who were in the midst of their own foreclosures due to the weaker U.S. economy. Some savvy property owners were able to legally void their existing mortgage debt altogether by proving that the foreclosing mortgage company had no valid beneficial interests in the existing mortgage, and thus had to legal right to collect any payments.

Other homeowners were able to show that their MERS files had fraudulent notary signatures signed on behalf of both owners and lenders, which moved their file designations over to “inactive” as well.

Mortgage lenders that have collapsed or imploded since the official start of the Credit Crisis back in 2007, such as Countrywide, Indy Mac, Lehman Brothers, World Savings, Downey Savings, and Washington Mutual still figuratively exist by way of their asset or beneficial interest transfers to the “strawman” named MERS.

MERS may pay no taxes or employ anyone. Without the proper assignment of these MERS mortgages, these same imploded mortgage companies’ loans could have ceased to exist.

Our understanding is that generally the requirements set forth in the pooling and servicing agreements were not followed, and they were not followed in the following way: The pooling and servicing agreements says that when the notes are transferred to the trust there needs to be an endorsement in blank to the trust, as well as a complete chain of endorsements for all proceeding transfers. That means that the originator of the loan has to have a specific endorsement transferring it from the securitization sponsor, the sponsor to the depositor, and then the depositor in blank to the trust.

What we have found is that in the majority of the cases that chain of endorsements is not there.  There is simply a single endorsement in blank.

That creates a problem because it does not comply with the trust documents. That is a severe problem because most pooling and servicing agreements are trust that are governed by New York law, and New York law says that if you are not punctilious in following the trust documents for a transfer, the transfer is void. It doesn’t matter if you intended it, its void. That transfer is void even if that transfer would have otherwise complied with law. And if the transfer is void that would mean that the trust does not own the mortgages, and therefore lacks standing to foreclose.

It’s axiomatic that in order to bring a foreclose action the plaintiff must have legal standing. Only the mortgagee has such standing. Thus various problems like false or faulty affidavits, as well as back dated mortgage assignments, and altered or wholly counterfeited notes, mortgages, and assignments all relate to the evidentiary need to prove standing.

If your mortgage loan contract was part of a table funded securitized transaction then there is a really good chance that your mortgage loan documents probably contain legal errors, violations, tortuous conduct, contract breaches, and fraud, that could result in you being entitled to receive financial compensation, a reduction in your principal balance, clear and free title to your property, or even better!

FRAUD STOPPERS Private Members Association (PMA) can help you save time and money, and increase your odds of success, getting the legal remedy that the law entitles you to, and that you deserve, with these products and services: Stop Foreclosure Sale Methods, Stop Eviction Methods, Reverse Foreclosure Sale, Breach of Contract Lawsuits, Quiet Title Lawsuits, Slander of Title Lawsuits, Wrongful Foreclosure Lawsuits, Federal Fair Debt Collections Practices Act (FDCPA) Lawsuits, Federal Consumer Financial Protection Bureau (CFPB) Audits & Lawsuits, Federal Truth in Lending Act (TILA) Rescission Lawsuits, Bloomberg Securitization Audits, Mortgage Fraud Audits, Robo Signing Audits, Chain of Title Investigations, Trial Ready Evidence Packages, Expert Witness Affidavits, Expert Witness Testimony, Pro Se Products & Services, Pro Se Education & Training Material, Pro Se Administrative Documents, Nationwide Foreclosure Defense Attorney Network, Attorney Education Curriculum, Attorney Loan Modifications, Pro Se Loan Modifications, Attorney Bankruptcy Services, Pro Se Bankruptcy Services & Support, Investor Short Sale / Buyback Transactions, Investor Joint Venture Transactions, Private Equity Refinance Transactions, Creative Real Estate Solutions, Deed in Lieu Transactions, Credit Repair Programs, Easy Non-Credit Based Financing Options Available!

The Banks Business Model is Foreclosing on Homeowners

The Banks Business Model is Foreclosing on Homeowners. Securitization is the reason banks want homeowners to foreclose. When a bank assigns the risk of a loan to the investors (certificate holders) of a Real Estate Investment Conduit Trust (SPV), the “bank” is no longer a traditional bank that gets the benefit of mortgage payments.

 

Mortgage banks and loan servicers give as few loan modifications as possible, and comply minimally with statutes put in place to protect borrowers, all while employing tricks to “cash in” on homeowners’ defaults, pushing them to foreclosure. The only thing we have found that is successful at gaining real remedy is filing a lawsuit against the banks for mortgage fraud and or foreclosure fraud.

 

Banks benefit from foreclosures more than loan modifications because of something called “creaming the debt.” If the Banks modify the loan, their penalties and fees might not get paid to them. When they foreclose, they get their penalties first, before the investors– which is the “creaming.” The mortgage banks make more money from foreclosure than they do from actually servicing the homeowner’s payment.

 

When foreclosure becomes a possibility, like when a borrower misses a payment or asks for a modification, the banks seize the opportunity for increased profit by foreclosure. Foreclosure is clearly the fattest pot of gold possible and it’s for this reason foreclosure is the bank’s primary goal. The banks take the risk of litigation because few people sue, but getting legal information as soon as possible can make the difference between homeowners asserting their rights, or losing their homes while being bulldozed by the bank.

 

Protect your home by learning about the tricks the Banks play

 

Bank Trick #1:  Refusing Payments

The bank refuses the check a homeowner sends in.  The bank may offer a reason (for example, there’s a mistake on the account) or it might offer no explanation at all.  The bank may even offer the homeowner a loan modification.  The bank does this to delay the homeowner from immediately contacting an attorney to pursue a breach of contract claim.

Alternately, the bank may take trial payments in an effort to further delay the homeowner until the arrears (also known as the forbearance)  becomes so great that the homeowner is ineligible for a loan modification or unable to repay the debt.

Eventually, the servicer combines this trick with other tricks, such as changing servicers, to draw the homeowner further into default.

Bank Trick #2:  Switching Services During Modification

A homeowner gets a loan modification with one servicer and makes trial payments.  The servicer advises the homeowner that it is switching servicing rights to another servicer.

The new servicer claims to know nothing about the modification and delays the homeowner for months waiting to get the relevant “paperwork.”  No matter how many times the homeowner sends proof of the modification, the new servicer refuses to honor it.

It is a violation of California law to not honor a modification from a prior servicer but servicers know that most people will not pursue litigation.

Bank Trick #3:  Breaching a Modification Contract

The homeowner gets a loan modification that includes a balloon payment of, for example, $50,000 after 20 years.  After paying on this loan modification for a year and a half, the homeowner gets a new modification in the mail from the same servicer with a balloon payment of $150,000.  No matter how many times the borrower calls the servicer, or tries to forward the existing modification, the agent will respond with a fixed script that does not acknowledge the prior modification but only talks about the new one.  The confused borrower will feel like he or she is talking to a robot (on a recorded line, being monitored by a supervisor).  Eventually, if the borrower does not sign and execute the new modification, the bank will begin to refuse their payments on the old modification.

The servicer will also create a paper trail that tells a different story than what is actually happening.  If the bank is trying to stick a borrower with a new modification, the paper trail will show the borrower is refusing the modification and mention nothing about the old one. Eventually, the servicer will stop accepting payments unless the homeowner acquiesces to the new modification.

Bank Trick #4:  Extra Fees & Escrow Accounts

The homeowner receives a bill for extra fees out of nowhere so that the mortgage payment becomes something the homeowner suddenly can’t afford.  The servicer refuses to accept any “partial payment.”  After that, the bank continues adding on fees each month, increasing the amount the borrower has to pay to reinstate.  They may offer the homeowner a loan modification as a distraction to trick the homeowner into a longer default.  Because the borrower thinks they are getting a modification, they will spend the money they would have put towards their mortgage and be unprepared to pay their arrears if the modification falls through, as it most likely will.

The servicer does all this while telling the borrower they are there to help.

The servicer may pay homeowner taxes early and then accuse the homeowner of not paying them.  The servicer may point to a clause in the mortgage that says if the homeowner doesn’t pay the taxes, they can raise the interest rate.  They may begin charging the homeowner for forced place insurance at a high rate even though the homeowner already has insurance.   This is something the homeowner only finds out after-the-fact when trying to pay property taxes.

Bank Trick #5:  False Notices

In a non-judicial foreclosure state, such as California, foreclosure is done by recorded notice.  The Notice of Default states the amount of arrears that a homeowner must pay back to reinstate the loan.

Servicers uniformly overstate this amount by up to $20,000, which serves two purposes: (1) It scares borrowers with an inflated amount of arrears that they believe they can’t cure; and (2) It creates a paper trail for the bank so they can claim more money from investors.

Bank Trick #6:  Multiple Modifications and Dual Tracking

The bank must respond to the loan modification application with a denial or approval within a definite period.  A denial must be in writing and must inform the borrower of the right to appeal.  The bank cannot “dual track” a borrower by posting Notices of Foreclosure and Trustee’s Sale while reviewing the borrower for a modification.

There are big penalties for “dual tracking” by the bank, but only if it is the borrower’s first time applying.  This is why a servicer will often deny a modification over the phone or encourage a borrower to apply again.  Once a borrower becomes a serial modifier, the bank can dual track the borrower all it wants without statutory penalties.   And, it will.

A legal way to demand your mortgage lender reduce your principal balance to 80% of the current value of your home.

If there was a legal way to demand your mortgage lender reduce your principal balance to 80% of the current value of your home, and reduce your interest rate to 2% fixed over thirty years would you be interested?

If you’re like most homeowners struggling to get ahead, you would. Now what if I told you that there is a way to accomplish this and that you don’t actually have to be late or behind on payments to qualify, would that interest you?

The solution is not what you might think it is. It’s not a loan modification or short sale. Loan modifications and short sales are dead. They don’t work today because banks don’t want them to work. You will quickly learn from reviewing all the news videos and reports on www.FraudStoppers.org that the entire loan modification process (and short sale process) is quickly being discovered to be one of the greatest scams ever perpetrated, by banks, on American homeowners. Just to give you an example, Bank of America alone is estimated to have over one million homeowners who qualify for a permanent loan modification, yet the bank (after taking billions in taxpayer bailout money) has approved fewer than twelve thousand permanent modifications! Why do you think that is?

So if you’re thinking about doing a loan modification to get relief, today your odds of success are extremely low. Banks are only interested in making money, and not about helping you.

The solution to getting your lender to help you is litigation, sue them! Stop playing games and wasting time trying to work with your corrupt lender, they do not want to help you. If you want to save your home and protect your financial future you need to sue your mortgage lender for mortgage fraud and legal violations that exist in your loan.

Thousands of ordinary homeowners across the country who are fed up with all the games are doing just that, they are suing their mortgage lenders to save their properties. And it’s not just homeowners who are suing the banks and mortgage lenders, the attorneys generals of several states are also suing the banks and mortgage lenders; and you can too!

The good news for you is that you can take advantage of the fact, that there are tens of thousands of homeowners that are suing their lender in court individually, and many are also banding together in class action lawsuits to fight the greedy banks in order to save their homes from foreclosure.

Homeowners everywhere are fighting in court, and they are winning. All the indications are the ones who decide to take action and sue their lenders will prevail in the end and save their homes! If 2012 was the year of the loan modification, you can say that 2013 is shaping up to be the year of the lawsuit against your lender. It seems that lawsuits are the only things banks seem to understand, and respond to today. So if you want to get the relief you’ve been looking for, and save your house from foreclosure, you’re going to have to sue your mortgage lender. And if you think it’s too hard or too expensive, don’t worry because this is not as difficult or costly as you might think it is.

Now sure, if you were to go at all alone, all by yourself, or you would have to hire your own attorney, it might be hard and extremely expensive. In fact, this is why most people struggling with foreclosure do not get legal help or decide to challenge the foreclosure in court; the bottom-line is they just can’t afford the $15,000 to $20,000 lawyers charge to fight this type of case; especially if you’re going to sue in the federal court, because your lender has violated federal law, as well as state law.

However, fortunately for you, you don’t have to hire a lawyer, or go at it all alone.  You can either join an existing class action lawsuit, with thousands of other homeowners, or you can use one of Fraud Stoppers Foreclosure Defense Systems to sue your lender in federal and state court yourself. You can pay just a few thousand dollars, and still get the same relief that you would if you paid a lawyer $20,000. In fact, you will actually get more for less. You will not only have a professional prepare your lawsuit for you, but you will also learn exactly what you need to do in order to stop your foreclosure, save your house, and make your lender pay you for mortgage fraud. And once you learn how to do this, you can show others how to and earn extra money for doing it.

Officially you would be representing yourself (Pro Se) in the litigation against your lender, but you will have a professional, experienced coach standing behind you every step of the way, so you will never feel alone. With thousands of other homeowners, just like you, who have already started the process and have won, you will get to learn from others who can help you learn what works and what doesn’t work. This makes going up against your bank affordable, easy and fun.

The days of trying to mitigate and negotiate with your bank to get a loan modification are over. If you want to save your house from foreclosure you need to litigate, you need to sue your mortgage lender for the mortgage fraud and financial crimes they have committed.

Banks will continue to commit these crimes, and will do nothing to help you, until they are sued in court and a judge forces them to do what’s right and what the law requires them to do.

Here is the main problem for you, if you own a home today, the average home values across the country have plummeted nearly 45% from their peak in 2006, and are projected to drop another 10 to 20 percent by the end of 2013. In some parts of the country the declines are much higher, upwards of 50 to 60%! So it’s not getting any better, in fact Zillow.com, (one of the largest web based valuation companies of home values), recently reported that home value declines in the united states have already surpassed those of the great depression era; but nobody is reporting that!

The other problem that you face is that despite all the spin masters that tell you that the values will come back, I’m here to tell you that those values we saw in 2006 are never coming back! The value of your home will never get back to where it was in 2006, and it’s going to be at least seven to ten years (probably even longer) before you begin to see any appreciable gains in your home value. So the bottom line is you’re pretty much stock in the loan that you have right now, and you’re stuck in the payment you have unless you do something about it.

Your home may be worth less than your loan, and if that’s the case you’re not going to be able to sell it without doing a short sale. But 50% of short sales wind up in foreclosure, simply because the buyers can’t get financing. They can’t get mortgages because banks are not lending. So a short sale is really not a solution.

If you’re in foreclosure, behind on your payments, or your house is worth less than your mortgage, what is your solution? Well the solution is litigation; you must sue your lender for relief. This is the only way to get them to help you today, and the relief that is being demanded is that your bank reduce your principal balance to 80% percent of the current value, and drop your interest rate at 2% permanently!

If they do this, you settled a lawsuit with your lender. If your lender doesn’t agree to this, or a settlement offer you can live with, you simply continue to litigate and let a jury of your peers decide. Either way, you are fighting back to win and you have a much greater chance of saving your house through litigation, than trying to negotiate with the clueless customer service bank representatives; that will get you nowhere!

So if you’re tired of your lender playing games with you, stalling your request for a loan modification, telling you that you better pay up, threatening you with letters and harassing phone calls, then now’s the time to litigate. Stop wasting your time trying to negotiate with these crooked bankers that have no intention of helping you. Unless you sue your mortgage lender today, they will most likely stall you until you get so far behind you can’t catch up, and you ultimately lose your house to foreclosure. Don’t be fooled, it’s happening to hundreds of thousands of homeowners across the country right now.

If you’re behind on payments or you are currently in foreclosure we can help you; and you don’t need to be behind on payments to sue your mortgage lender for relief either. We can do a free mortgage fraud analysis and Bloomberg securitization search and if your loan qualifies you can sue your lender for fraud in order to force them to lower your loan amount and interest rate.

Review the news videos and information on our website and download your free copy of our informative report (Foreclosure Traps, Pitfalls, and Swindles) and get the facts that you need to beat the Money-Changers at their own game! The report will show you how you can save your house from foreclosure and force your lender pay you for mortgage fraud.

Complete our intake form and one of our friendly knowledgeable representatives will contact you to conduct a free consultation; it will cost you absolutely nothing to speak with us. We will explain how our proven system works, answer all of your questions, and help you determine your best and most affordable option to saving your piece of the American dream: without any high pressure sales tactics or tricks. Thank you so much for taking the time review this information and I wish you all the best of success in your efforts fighting mortgage and foreclosure fraud. Remember its not over until you win!

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“I cannot decide for you the moral obligations you should pursue; but if a wrong has been committed against you (such as a clouded title or a fraud resulting from a mortgage loan) you have the duty as an American property owner to correct it. Filing a lawsuit (in my book) reflects one’s personal responsibility.”.

Dave Krieger

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For information on foreclosure defense call us at 844-372-8378. We offer litigation support, admissible evidence, expert witness testimony, education, training, and support in all 50 states to attorneys and pro se homeowners.

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Legal Information Is Not Legal Advice: This site provides “information” about the law and is only designed to help users safely cope with their own legal needs. But legal information is not the same as legal advice — the application of law to an individual’s specific circumstances. THIS SITE IS NOT INTENDED TO BE MISCONSTRUED AS LEGAL ADVICE. Fraud Stoppers is NOT a law firm, non-profit organization, or government agency. Register for your Free Mortgage Fraud Analysis and Securitization Search, and get Free Foreclosure Defense Help and Free Foreclosure Defense Documents that you can use to stop a foreclosure and save your house.

 

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