CREDIT SLIPS: $45 MILLION FOR STAY VIOLATIONS

“The mirage of promised mortgage modification lured the plaintiff debtors into a kafkaesque nightmare of stay-violating foreclosure and unlawful detainer, tardy foreclosure rescission kept secret for months, home looted while the debtors were dispossessed, emotional distress, lost income, apparent heart attack, suicide attempt, and post-traumatic stress disorder, for all of which Bank of America disclaims responsibility.”  All too familiar.

$45 Million for Stay Violations posted by Alan White

How much in punitive damages is enough to punish unlawful conduct and deter its repetition? $45 million was one bankruptcy court’s opinion, in the case of a wrongful home foreclosure and eviction in knowing violation of the automatic stay.

The court described the plaintiff-debtors’ treatment by defendant Bank of America as Kafkaesque, and found their deeply emotional testimony (one of them attempted suicide during the ordeal) completely credible, awarding more than $1 million in actual damages for the loss of housing and emotional distress. The court also noted that Bank of America had repeatedly settled cases with federal and state regulators for hundreds of millions, and even billions, of dollars, in recognition of serious and repeated compliance failures, including some related directly Continue reading

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Sometimes You Have to Dig Deeper to Connect the Dots and Get to The Real Truth. Maybe PNC Never Really “Owned” the Loans?

United States District Court, E.D. California.
GENET HABTEMARIAM, Plaintiff,
v.
VIDA CAPITAL GROUP, LLC; US MORTGAGE RESOLUTION; PNC BANK, NATIONAL ASSOCIATION; and DOES 1 to 50, inclusive, Defendants.

No. 2:16-cv-01189-MCE-GGH.
February 13, 2017.

pncSome three years later, PNC notified Plaintiff by mail that its SDOT was discharged, apparently due to a settlement agreement PNC had reached with various agencies of the United States government. PNC effectuated that cancellation by sending a 1099-C form approved by the Internal Revenue Service for cancelling a debt. Plaintiff received the Form 1099-C on or about June 29, 2010. According to Plaintiff, because the 1099-C cancelled the amount she owed on the second mortgage, she believed it legally released her from any further obligation to pay Continue reading

What Happened on Wall St. Ahead of the Crisis? We May Yet Find Out

New York Times
Street Scene
WILLIAM D. COHAN

db-streetscene-master768The eighth anniversary of the 2008 financial crisis is almost upon us, making this as good a moment as any to take stock of how little we know still about the bad behavior and deception that occurred inside the big Wall Street banks that helped to cause it — and how little we may ever know.

A wave of settlements between Wall Street and the Justice Department and regulators resulted in fines in excess of $200 billion flowing from the shareholders of these firms into the coffers of the various federal and state government entities. These payments still feel to me more like extortion than justice. After all, if the prosecutorial arm of the federal government that regulates you demands a 10- or 11-figure payment, it seems pointless to argue. Continue reading

Wall Street banks threaten to withhold campaign funds from Dems in tantrum against Elizabeth Warren

Wall Street banks threaten to withhold campaign funds from Dems
in tantrum against Elizabeth Warren.

Sen.-Elizabeth-Warren-D-MA-reacts-to-Native-American-protest-song-on-Nov.-18-2014-youtube-800x430

Big Wall Street banks are so upset with Democratic Senator Elizabeth Warren’s call for them to be broken up that some have discussed withholding campaign donations to Senate Democrats in symbolic protest, sources familiar with the discussions said. Continue reading

Breaking News Report: StopForeclosureFraud.com Website Attacked

Gary Dubin FHShortly after posting the Foreclosure Hour press release yesterday for today’s program, StopForeclosureFraud.com became inaccessible and the site remains down today, reports the system’s administrator. Coincidence? Not likely.

The Foreclosure Hour promises to bring us compelling new and overwhelming evidence that even after a $25 BILLION dollar settlement and Consent Judgment – the banks’ continue to commit and produce forgeries. Click HERE to listen to the show today at 3 pm Hawaii time / 6 pm PST / 9 pm EST. Spread the word, post to Facebook, Twitter, Reddit, LinkedIn and reblog this information everywhere possible as one of our leading news sites has been attacked. Thank you.

StopForeclosureFraud.com published the following press release: Continue reading

SUNDAY on The Foreclosure Hour: Exclusive Tell-All Interview with Bank of America Robo Whistle Blower

In case you missed the show: Click HERE

SUNDAY on The Foreclosure Hour: Exclusive Tell-All Interview with Bank of America Robo Whistle Blower – Don’t MissThis One!

Gary Dubin FHTHE FORECLOSURE HOUR
Sundays:  3 pm (HST) / 5 pm (PST) / 8 pm (EST)

Call toll free: (888) 565-8383

The topic for the Sunday, March 7th show will be: A genuine robo whistle blower who is going to reveal that he personally worked recently (four months ago) as part of an army of robo-signers in one of four Bank of America mortgage assignment manufacturing factories throughout the country (he will name their locations and give vivid details including names), falsifying loan documents, signing under oath not before notaries who have been similarly false swearing, for MERS and for the Big Banks such as Chase and for Securitized Trusts such as Bank of New York Mellon, as their supposed Assistant Vice Presidents and supposed Assistant Secretaries, negotiated the national settlement and even AFTER the Bank of America signed the AG National Settlement agreeing to stop the practice. Continue reading

The Foreclosure Hour – The Pathetic State of the Majority of Judicial Foreclosure Judge Decisions

This is the week to call in and discuss, air your observations, vent your frustrations and concerns of the foreclosure court judges’ actions when they are faced with tons of fraud and still rule in favor of the bank.

Gary Dubin FHTHE FORECLOSURE HOUR
3 pm (HST) / 5 pm (PST) / 8 pm (EST)

Call toll free: (888) 565-8383

The topic for the Sunday, February 8th show will be:

The Pathetic State of the Majority of Judicial Foreclosure Judge Decisions

Gary Dubin Dubin Law Offices  Harbor Court, Suite 3100 55 Merchant Street
Honolulu, Hawaii 96813 gdubin@dubinlaw.net (808) 537-2300 (office)
http://www.foreclosurehour.com/

Matt’s Back! The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare

Matt Taibbi is back at Rolling Stone – God Bless America!

1401x788-UNTITLED VANCOUVER ANDREW QUERNER-7848Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking

She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore.  Continue reading

Rolling Rebellion, Lawyers and Citizens Protest Seattle Bankster UCC Uniform Law Conference

Coming up on July 11th is the national Uniform Law Committee conference in Seattle at the Westin Hotel.

Whether or not you are in foreclosure, if you own a home and have a mortgage or intend some day to own a home, this national ULC conference affects you. For hundreds of years states have owned and recorded their own lands – and now it appears the United States federal government would like that to change. Continue reading

“Bankruptcy court corruption is not just a matter of bankruptcy trustees in collusion with corrupt bankruptcy judges.” — AG John Ashcroft

By Sydney Sullivan

gavel moneyEvery day I hear more stories about alleged corruption in the courts, not only when it comes to foreclosures, but also bankruptcy – especially when families are trying to protect their homes. It is more than obvious that the system is flawed.

Judges are not necessarily adept, specifically educated or predisposed to this new form of securitization…these quasi-securities called NTMs (nontraditional mortgages). Nor are they willing to risk their investment portfolios and mutual funds to protect the average citizens in America. Continue reading