Applying Common Sense and Law to Assignments of Mortgage

Every time a homeowner wins in foreclosure the investors are actually protected. It’s the sale of the property and/or entry of the foreclosure judgment that cuts investors off from their investment. Weird, right? An article in the recently published Florida Bar Journal illustrates perfectly the confusion that occurs within the courts and by lawyers when…

Source: Applying Common Sense and Law to Assignments of Mortgage

U.S. Bank, N.A. “as Trustee” Facing Sanctions In Miami

“It’s unusual that we’re in this position, but it’s unusual that any bank would dare do what they’re doing and think they are above the law like this.” – Bruce Jacobs, Miami Foreclosure Defense Lawyer. Kudos to Jacobs for doing some real lawyering. It is all in the details. Just assume they don’t have the…

Source: U.S. Bank, N.A. “as Trustee” Facing Sanctions In Miami

Fannie Mae Explains Securitization and Distribution of Ownership of Debt

“But discovery of those documents is blocked by parties claiming the information is private and proprietary — until some enterprising and highly aggressive lawyer pierces through those specious arguments and gets an order from a judge requiring the documents to be delivered. At that point the case settles under seal of confidentiality and the public none the wiser  continues to think that securitization is real and that most foreclosures are actually properly done and result in paying down the debt of a borrower.”

Source: Fannie Mae Explains Securitization and Distribution of Ownership of Debt

Renegade Inc: The Great British Mortgage Swindle – All Mortgages to be Cancelled

In Britain, the mortgage market is worth more than £1.3 trillion, but how many of these mortgages are fatally flawed through the complicity of legal professionals? Sounds a lot like our mortgage corruption in America. It appears we are looking at a worldwide attack on property ownership.

Host Ross Ashcroft is joined by the film-makers Michael O’Bernicia and Michael O’Deira to find out what is really going on with our mortgages and the banks that provide them.

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Your Property Appears to be the Federal Reserve Gold Standard

American Homeowners and GSE Shareholders – WAKE UP! The Treasury and GSEs hold the toxic MBS with inflated appraisals, flawed/fraudulent financial products, forged paperwork – and its what’s backing the Federal Reserve. Your property is their Gold Standard. #AuditTheFed
Is it any wonder why HAMP was a scam when you realize this? Now you can understand why you could never get a modification – when the servicers told you to miss 3-4 payments in order to qualify. Sounds like they intended to put you into default, doesn’t it? Is this why nobody wants to talk about wrongful foreclosures and toxic (worthless) property assets – would that bring down the Fed? Continue reading

Federal regulators expressed ‘no confidence’ in Wells Fargo CEO

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That’s probably why Sloan said peace out to his job..

At least three of Washington’s most powerful regulators had expressed “no confidence” in Wells Fargo’s CEO, Tim Sloan, in the weeks leading up to his abrupt resignation Thursday, The Post has learned.

There was a “regulatory push” led by the Federal Reserve, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corp. — three of the bank’s principal regulators — to oust Sloan from his perch at the bank in recent weeks, according to a person briefed on the matter.

“There were multiple regulators voicing no confidence,” the person said of the OCC, the Fed and the FDIC.

Bryan Hubbard, a spokesman for the OCC, declined to comment but directed The Post to an open consent order it has with the bank, from April 2018, allowing it to “provide additional guidance” on senior executive officers and board members.

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Bye Felicia! Wells Fargo CEO Tim Sloan abruptly steps down

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Wells Fargo announced Thursday that the embattled Sloan is relinquishing his post as CEO and president of the megabank and stepping down immediately.

According to the bank, Sloan is retiring as CEO, president, and board member on June 30, 2019, but his retirement is taking immediate effect.

The bank said that C. Allen Parker, who currently serves as the bank’s general counsel, will now take over as interim CEO, president, and member of the board.

Read on.

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