Given how well "shock and awe" worked in the Iraq war, I’d see the Administration’s use of that expression in the context of the mortgage mess as a Freudian slip. I must confess to being surprised at the report by Shahien Nasiripour of Huffington Post, namely that the Administration is pushing for an even more aggressive-looking mortgage modification program than has been rumored.
THIS IS WHERE THE REAL INNOVATION IS HAPPENING IN THE REAL ESTATE TECH SECTOR. – CRETECH how it’s growing your market share or protecting you against new players’ in your sector who could sneak up behind you. However, the future is often boring when we get there. credit: benedict Evans..
· Truth-in-lending 1 and other federal and state consumer protection statutes are a fertile ground for debtors’ counsel seeking defenses or offsets to claims. A substantial body of case law has developed, much from the Eastern District of Pennsylvania, demonstrating that defects in disclosures and errors in reporting or collecting may entitle a Chapter 13 debtor to rescission, statutory.
· JP Morgan Must Show Foreclosures Are Legal, Brown Says 3 Oct. October 01, 2010, 3:47 PM EDT.. “JP Morgan Chase, like GMAC’s Ally Financial, has admitted that its review of key foreclosure documents was a ruse,” Brown said today in an e-mailed statement.. nearly 100,000 loans that allowed senior citizens to tap into their home equity.
"Wells Fargo policies, procedures and practices satisfy us that the affidavits we sign are accurate. We audit, monitor and review our affidavits under Legal documents obtained by the Financial Times suggest that Wells Fargo, the second-largest US mortgage servicer, also used a "robo signer".In a.
‘Robo-signer’ played quiet role in huge number of foreclosures, by Brady Dennis, Washington Post: The robo-signer lives on a quiet street in this small town Many large mortgage lenders have come to rely on a relative handful of so-called robo-signers. to attest to the accuracy of thousands of home.
U.S. Bank subsequently filed another “Motion to Vacate Order for Sale and Withdraw Property from Sale” stating that the parties “have entered into a forbearance agreement.” The trial court subsequently granted U.S. Bank’s motion to vacate the order of sale.
"Robo-signers," employees at mortgage servicers that sign thousands of foreclosure documents without review Several states have ordered a freeze on foreclosures by Ally Financial’s GMAC mortgage unit One robo-signer, Jeffrey Stephan, has signed off on as many as 10,000 foreclosures a month.