13 Questions: Here is what the OCC said should be minimum operating standards for “servicers”

by Neil Garfield

On April 19, 2013, the Office of the Comptroller of the Currency (OCC) published “Operating standards for scheduled foreclosure sales.” This was about 5 years after public recognition of the mortgage meltdown, and 1 year after the infamous 50-state settlement in which the “servicers” and Wall Street brokers settled claims of fabrication of false documents that were forged, backdated, and robosigned. Another 50-state agreement was reached last year in a settlement with Nationstar, now known as Mr. Cooper.

The settlement was all about money with some provisions in which the “servicers” promised to take corrective action. It should have been about title. It avoided the essential question on the table: Why was it necessary for anyone to fabricate and forge false documentation? In an industry that invented all the paperwork for “loans”, why was it necessary to trash the original paperwork and invent new stuff? None of the parties to the agreement or the Wall Street brokers that paid for it ever changed anything. see foreclosure_standards_42013

The interesting thing about all this is that these minimum standards are said to apply only after the foreclosure process is complete and a sale is scheduled. Why they wouldn’t be applied at the commencement of “servicing activity” is or should be subject to scrutiny. This effectively gives a pass to anyone operating under false pretense right up until the actual sale.

I would also add that the one question missing from all of this that should be present is the one posed by Article 9 §203 of the UCC: Has the named claimant paid value for the underlying obligation? That statute, adopted by all U.S. jurisdictions verbatim, says simply that there can’t be foreclosure by anyone who has not fulfilled that condition precedent.

Here are the questions posed by OCC:
1. Is the loan’s default status accurate? [Editor’s Note: Failure to understand the possibility of false claims for securitization — the question should have the following words tacked onto the end “as to the named claimant.” Wall Street has been successful at pointing to scheduled payments as the sole basis for the action. But knowledge of scheduled payments does not mean ownership. Litigators who fail to understand this distinction are giving away the store. A secondary question here which probably ought to be the first question is whether there is a debt, i.e.: is there anyone who is carrying the alleged debt as a loan account receivable on its accounting ledgers?]

2. Does the servicer have and can demonstrate the appropriate legal authority to foreclose (documented assignments, note endorsements, and other necessary legal documentation, as applicable)? [Editor’s Note: It isn’t enough that there are documents fabricated to demonstrated the claimed authority. The authority can only come from one who paid value for the underlying debt and who owns it. Note that it is possible under the “securitization” scheme invented by Wall Street to pay value without getting a conveyance of any right, title or interest in the scheduled payments of a homeowner — e.g., investors who buy certificates]

3. Have required foreclosure notices or other required communications to the borrower or others, as applicable, been provided in a timely manner?

4. Has the servicer taken all steps necessary to confirm whether the borrower, co-borrower, and all obligors on the mortgage, trust deed, or other security in the nature of a mortgage are entitled to protections under the Servicemembers Civil Relief Act (SCRA), including running queries through the Department of Defense database? If the borrower, co-borrower, or other obligor is subject to SCRA protections, has the servicer complied with all applicable legal requirements to foreclose?

5. Determine whether the borrower is in active bankruptcy. If so, does the servicer have documented legal authority to foreclose? [Editor’s Note: Again the emphasis is on documents instead of a determination as to whether the documents are a memorialization of some real transaction in the real world or just some imaginary transaction to justify a disinterested party getting the windfall award of foreclosure.]

6. Determine whether the loan is currently under loss mitigation or other retention review or such review has been requested by the borrower as part of the foreclosure process. If so, did the servicer notify the borrower that all conditions necessary to effect the loss mitigation or retention action have not been met, what is needed to meet those conditions, and the date necessary to cure the deficiencies to avoid further foreclosure action? If a borrower submitted a complete loan modification application after the foreclosure referral, did the servicer comply with any applicable dual track restrictions? [Editor’s Note: The missing question is whether the “servicer” or anyone else has any legal authority to solicit, accept, consider or decide upon loss mitigation and retention. If they are not the owner of the debt or presenting someone who owns the debt (by virtue of payment in exchange for a conveyance of the debt) then they should not be accepting any discussion, correspondence to communication regarding the alleged debt.]

7. Is the borrower currently in an active trial loss mitigation plan?

8. Determine whether the servicer accepted any payment from the borrower in the preceding 60 days (that is, were borrower payments, including interest, principal, fees, escrow payments, applied to the borrower’s account or retained in a suspense account). If so, did the servicer clearly communicate to the borrower that he or she is neither in nor being considered for a loss mitigation program and that the bank’s acceptance of the payment in no way affected the status of the foreclosure that is proceeding?

9. As applicable, was the borrower solicited for and offered a loss mitigation option, such as, those required by HAMP, government sponsored enterprise, the Federal Housing Administration, the U.S. Veterans Administration, state-level government programs under U.S. Department of Treasury, other third party investor, or the servicer’s loss mitigation and modification programs? To the extent applicable, has the servicer complied with its loss mitigation obligations detailed in the National Mortgage Settlement? Have any borrower complaints, appeals, or escalations been considered and addressed? [Editor’s Note: The obvious problem here is the reference to third party investors. So they are conceding that third-party investors might be involved but still allowing a virtual creditor to be designated as the claimant. Again, litigators who fail to notice this distinction are probably doomed to failure in attempting to defend against illegal foreclosures. ]

10. Was the fully executed loan modification application submitted by the borrower, as defined by the applicable modification program, reviewed by the servicer as required, including any timeline or notice requirements?

11. Was the modification decision correct and validated as required by the applicable modification program (to include, as applicable, compliance with program requirements and accuracy of calculations and application of the NPV test) along with appropriate resolution and communication of any borrower complaint, appeal, or escalation?

12. Was the borrower or the borrower’s representative (housing counselor or attorney) notified of the loan modification decision and rationale as required by program or policy guidelines?

13. If required by a GSE or other investor, has the servicer certified to the attorney conducting the foreclosure that all delinquency management requirements have been met, including that there is neither an approved payment plan arrangement nor a foreclosure alternative offer pending or accepted?

     
 

Foreclosure Daily NEWS Update ⋅ February 5, 2021

 
     
 

Is empty property next to downtown parking garage part of foreclosure, developers ask in court battle

Business Record

In September, Bankers Trust Co., which provided a construction loan for the garage, filed a foreclosure petition alleging that 5th and Walnut Parking …

 
 

City of Jackson proposes additional funds for foreclosure prevention program

WILX-TV

(WILX) – As foreclosure loom for some residents due to the COVID-19 pandemic, the City of Jackson is proposing the use of more funds to keep people …

 
 

Your View: Pennsylvania mortgage rescue program needs money for coming tsunami of foreclosures

The Morning Call

Reports indicate the average cost for each foreclosure is $77,395. In addition to the costs of relocation for the foreclosed homeowner and the costs …

 
 

Ocean Drive’s Tides Hotel is facing foreclosure. It could end up with a new owner.

Miami Herald

Safe Harbor Equity, the Miami Beach-based private equity firm that owns the hotel’s debt, started foreclosure proceedings on The Tides Hotel South …

 
 

COVID relief funds may be added to foreclosure prevention fund in Jackson

mlive.com

In May, the city allocated $60,000 to fund a foreclosure prevention program and gave $20,000 to the Community Action Agency to administer the …

 
 

NOTICE OF FORECLOSURE SALE UNDER POWER DOUGHERTY COUNTY, GEORGIA

The Albany Herald

NOTICE OF FORECLOSURE SALE UNDER POWER DOUGHERTY COUNTY, GEORGIA Under and by virtue of the Power of Sale contained in a …

 
 

Bill to Help Homeowners Facing Foreclosure Passes House

Prince William Living

I’m pleased to see this critical foreclosure relief bill pass the Senate and the House, and I look forward to working with Delegate Torian to make it law.” “ …

 
 

Notice of Mortgage Foreclosure – Soler

Auburn Villager

NOTICE OF MORTGAGE FORECLOSURE · Said sale is to be made for the purpose of paying the mortgage debt and cost of foreclosure. AuburnBank.

 
 

Tax Lien Foreclosures in Massachusetts or Legalized Home Theft

JURIST

Unlike mortgage foreclosures, a tax lien foreclosure typically results in homeowners losing everything when the foreclosed home sells for far more than …

 
 

NOTICE OF FORECLOSURE SALE UNDER POWER DOUGHERTY COUNTY, GEORGIA THIS IS …

The Albany Herald

… Dept., or by writing to SN Servicing Corporation (Servicer), 323 Fifth Street, Eureka, CA 95501, to discuss possible alternatives to avoid foreclosure.

 
 

At the intersection of foreclosure, Chapter 13 filings and divorce

Chicago Daily Law Bulletin

We all know that divorce cases have increased, that residential foreclosures are stayed and that bankruptcy filings have also increased and will …

 
 

Mortgage Foreclosure Sale – Barreto File No. 21-00085

Auburn Villager

Programs may also exist that help persons avoid or delay the foreclosure process. An attorney should be consulted to help you understand these …

     
 
 

Sue Brock Matthews vs Reverse Mortgage LLC

Bryan-College Station Eagle

NOTICE OF DEFAULT AND FORECLOSURE SALE WHEREAS, on August 26, 2004, a certain Adjustable Rate Home Equity Conversion Deed of …

 
 

Looking for Your Next Flip? Try These 5 States

Motley Fool

These cities saw 0.44% and 0.40% of all properties go into foreclosure last year. Hoping to snag a foreclosure? Despite foreclosures rising in these …

 
 

‘Compassionate capitalism’: Lenders are mostly holding off on D-FW commercial foreclosures

The Dallas Morning News

But so far, few have wound up on the courthouse steps to be sold at foreclosure. More than 200 D-FW commercial properties financed with mortgage- …

 
 

2020 Ended With 3.4 Million Mortgages in Delinquency

Motley Fool

We can thank the foreclosure moratorium for that. In fact, the Federal Housing Finance Agency (FHFA) recently extended its ban on foreclosures and …

 
 

COMBINED NOTICE – PUBLICATION CRS §38-38-103 FORECLOSURE SALE

Mountain Mail Newspaper

PUBLIC NOTICE · COMBINED NOTICE – PUBLICATION · CRS §38-38-103 FORECLOSURE SALE NO. · THE LIEN FORECLOSED MAY NOT BE A FIRST …

 
 
   

UR law students help craft bill to protect struggling Virginians from losing their homes

wtvr.com

Addressing foreclosure was a top priority. “Under Virginia law, you only have to give somebody a 14-day notice before you can start to foreclose on …

 
 

FLDS compound in South Dakota in foreclosure

Cook County News Herald

… KELO-TV, reported that the Seth Jeff’s led Fundamentalist Church of Jesus Christ Latter-Day Saints property near Pringle is in foreclosure. KELO-TV …

 
 

A resource guide for renters, homeowners and landlords

Newsday

These forms may be used to halt foreclosures and tax lien sales until at least May 1. Owners may qualify if public assistance they’ve received doesn’t …

 
 

Notice of Sale Under Power Georgia, Dougherty County Under and

The Albany Herald

… other foreclosure documents may not be provided until final confirmation and audit of the status of the loan as provided in the preceding paragraph.

 
 

Foreclosure properties: It’s a buyer’s market

EdgeProp.my

A check with auction houses show that indeed, prices on the foreclosure market have slumped to as much as 30% to 40% below market value.

 
 

Following push from Klobuchar, USDA suspends farm loan collections and foreclosures

Marshall Independent

In addition to stopping foreclosures in progress, the USDA will temporarily suspend wage garnishments and foreclosures that do not require court …

 
 

Department of Housing and Urban Development News Briefs – February 2021

Novogradac

21, 2020, that it is extending the foreclosure and eviction moratorium for single family FHA-insured mortgages for an additional two months, through …

Senate panel advances Biden’s picks for Housing secretary, chief economist – The Hill

Full Coverage

 
 

NOTICE OF SALE UNDER POWER GEORGIA, DOUGHERTY COUNTY

The Albany Herald

… LLP 6400 Powers Ferry Road, N.W., Suite 391 Atlanta, Georgia 30339 Telephone (404) 800-4031. Categories. Foreclosure. ×. Post a comment as.

 
 

NOTICE OF SALE UNDER POWER STATE OF GEORGIA COUNTY OF DOUGHERTY

The Albany Herald

20-012840 A-4728617 02/05/2021, 02/12/2021, 02/19/2021, 02/26/2021. Categories. Foreclosure. ×. Post a comment as. Emoticons. Comment Text.

 
 

NOTICE OF SUBSTITUTE TRUSTEE’S SALE

The Daily Progress

Real estate taxes will be pro-rated as of the foreclosure sale date. Additional terms may be announced at the sale. THIS NOTICE IS AN ATTEMPT TO …

 
 

RELEASE: 7 Principles that Must Guide Economic Relief Negotiations

Center For American Progress

Many people and businesses have exhausted their reserves, and many others are on the precipice of bankruptcy, eviction, and foreclosure. Without …

 
 

The Courts

Morning Journal News

County Treasurer vs. Delores Williams, et al., foreclosure ordered for delinquent taxes for property on Ninth Street, Wellsville. Joy Bock, East Liverpool, …

 
 

New ownership, new beginning for Aspen Club

Aspen Times

$52 million-plus purchase complete, marks end of saga that included bankruptcy declaration, 3 foreclosure filings, multiple lawsuits and dozens of …

 
 

FHFA’s Stats on Mortgage Loan Performance in 2020

DSNews.com

And mortgages that resulted in foreclosure, bankruptcy, or deed-in-lieu remained flat at 0.3%. Overall median credit scores for mortgage borrowers rose …

 
 

FHA Changes a Few Rules in Favor of Social Distancing

Mortgage News Daily

These accommodations are in addition to those announced by FHA last week when the agency extended its foreclosure and eviction moratorium for …

 
 

Deutsche Bank Got Jingle Mail from Simon Property Group, the #1 US Mall REIT, Foreclosed on …

WOLF STREET

Deutsche Bank this week foreclosed on a $177.5 million mall mortgage. The mortgage had been securitized and spread over two commercial …

 
 

What’s Next For 6 Million Underwater Homeowners?

KAKE

This legislation waived taxes on reductions of debt through refinancing, or forgiveness of debt incurred from a short sale or foreclosure of your house.

 
 

Columbiana County Common Pleas

The Review

Richard B. Sims, et al., foreclosure ordered for property on Lisbon Street, East Liverpool. County Treasurer vs. Donald Wayne Olmstead, et al., …

 
 

Court superheroes provide free online legal clinics

Albuquerque Journal

The Second Judicial District Court Pro Bono teleclinics help with cases involving eviction, foreclosure, child custody, guardianship, consumer debt and …

 
 

Acting CFPB Director Seeks to ‘Preserve Status Quo’ on QM, Debt Collection

ABA Banking Journal

Additionally, Uejio asked RMR to focus its mortgage servicing rulemaking on addressing a potential foreclosure crisis that could arise when COVID-19 …

 
 

Forbearance is nearing its end and over 5% of borrowers are still in the program

Mortgage Professional America

“If we [extend] the foreclosure moratorium but don’t do anything about forbearance, then the borrower ends up in this kind of no man’s land, post- …

 
 

Dozens of businesses closed in Franklin Square and Elmont

liherald.com

Anna Kaplan, who introduced a bill early last month to protect small-business owners from the threat of foreclosure or eviction until May 1. The bill …

 
 

CBC Governor warns against changes on foreclosures framework

philenews.com

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) warned that a change in the foreclosure framework leading into further delays …

 
 

Letters to the Editor: Joe Biden needs to tell Republicans to get out of his way on COVID relief

Los Angeles Times

To the editor: I live in Long Beach in a condo threatened with foreclosure. I need a stimulus payment now and I need it to be big. I don’t care if the …

 
 

Help’s On The Way For Tenants/Landlords But More Is Needed

Rockland County Business Journal

Moreover, the Act postponed residential foreclosure proceedings to May 1, 2021 for both mortgage and tax liens and prevented banks from …

 
 

HFZ loses control of 4 Manhattan condo projects

The Real Deal

CIM initiated another UCC foreclosure auction for Jan. 7 and then made a credit bid — a bid using its existing debt — on the positions. The positions had …

 
 

Lafakeria Vaughn named new Civil Bureau chief for Winnebago County state’s attorney

Rockford Register Star

… litigated small claims cases, foreclosure petitions, property tax appeals as well as advise the Rockford City Council Code and Regulation committee, …

 
 

Media Reports: Lenders Foreclose on Town Center at Cobb Mall in Metro Atlanta

Shopping Center Business

… enclosed regional mall in the northern Atlanta suburb of Kennesaw, was foreclosed on by its lenders, according to the Marietta Daily Journal.

 
 

Move Fast and Think Big: 7 Key Principles for the Economic Package America Needs Now

Center For American Progress

… the tens of millions of Americans that are already suffering from or are about to face hunger, poverty, eviction, foreclosure, and a lack of health care.

 
 
   

Land bank wrapping up quartet of rehabs in Fulton

oswegocountynewsnow.com

The South Third Street property was a bank foreclosure the Land Bank acquired it through the National Community Stabilization Trust. The county …

 
 

Kenneth Eric Trent’s New Book ‘The Bankers’ Secret’ Unravels a Tell-All Account of the Foreclosure

Digital Journal

Kenneth Eric Trent, a foreclosure defense attorney, has completed his most recent book “The Bankers’ Secret”: a compelling reveal of criminal …

 
 

Real Talk with Kyle Seyboth: Forbearance Impact

WJAR

… came on Studio 10 and told us everything there is to know about forbearance and how it’s impacting our area when it comes to foreclosure homes.

 
 

Soho Grand owner walking away from struggling hotel

The Real Deal

… special servicer on the $110 million loan via a deed-in-lieu of foreclosure, according to a watchlist note from January. Tony Fant of GrandLife Hotels, …

 
  WEB  
 

Eviction Foreclosure Tsunami Crisis is Coming – Alliance for Community Empowerment

Alliance for Community Empowerment

Connecticut’s Governor Ned Lamont’s Eviction Moratorium, which currently delays some eviction and foreclosures during these tough times will run out …

 
 

Foreclosure | Legal Announcements | dothaneagle.com

Foreclosure | Legal Announcements | dothaneagle.com

L2561 MORTGAGE FORECLOSURE SALE Default having been made in the payment of the indebtedness secured by that certain mortgage executed …

 
 

How does a foreclosure work?

BiggerPockets

Rental Property Investor from NJ (new jersey). posted 1 minute ago. 1. What is a foreclosure in general? IS that when you buy the …

 
 

Foreclosure Statute of Limitations | Lawyers.com

Lawyers.com

… all have different statutes of limitations. If your lender initiates a foreclosure after the statute of limitations has passed, the foreclosure is invalid.

 
 

Foreclosure Postponement | Legal Announcements | dothaneagle.com

Dothan Eagle

L2593 MORTGAGE FORECLOSURE SALE Default having been made in the payment of the indebtedness secured by that certain mortgage executed …

 
 

foreclosure Archives – JURIST – Commentary – Legal News & Commentary – Jurist.org

Jurist.org

Articles Tagged with foreclosure. Commentary Tax Lien Foreclosures in Massachusetts or Legalized Home Theft. (c) Mucciaccio Brothers (2021).

 
 

foreclosure property bought by a bank at sheriffs sale

BiggerPockets

Hi All, Very new to real estate investing. I was going through foreclosures on a website and decided to look up the property’s information on the taxHi …

 
 

Jennifer Nash | New Laws in Place to Allow a Pathway for Foreclosed Property Owners

Michigan Business Network

The work of county treasurers statewide prevented 97.5 percent of property tax foreclosures in 2019. Treasurers use a variety of methods and numerous …

 
 

Eviction, foreclosure moratoriums proposed – Unicameral Update

Unicameral Update

Local leaders would have increased authority regarding evictions and foreclosures during a public health emergency under a bill heard Feb. 4 by the …

 
 

Tonight! The Name Game: How Foreclosure Mills Fool the Courts 6PM EST 3PM PST | Livinglies’s …

Livinglies’s Weblog

… is after a foreclosure is complete. I know that sounds crazy. But tonight we will discuss tactics and strategies in foreclosure defense in which…

 
 

foreclosure – – English-Spanish Dictionary – WordReference.com

WordReference.com

(finance: auction of foreclosed property), venta judicial nf + adj inv. ejecución hipotecaria nf + adj. judgment of foreclosure, also UK: judgement of …

 
 

SB 704 (2009) – Foreclosure/Termination of a Rental Agreement [SPSC] | Florida House of …

Florida House of Representatives

Requires a landlord to notify each tenant that foreclosure proceedings have been initiated against the premises of which his or her dwelling unit is a part.

 
 

Montezuma County Public Trustee

Montezuma County

2017, 2018, 2019, 2020 & 2021 FORECLOSURE LIST. Only active foreclosures are reported (Foreclosure #, Name, Address & Outstanding Principal …

 
 

Homeowner Assistance Fund: Advocates applaud Senate bill fund to help millions of families keep …

Center for NYC Neighborhoods

“It’s important to recall that most foreclosures did not occur in 2009. … Acting now is the most cost-effective way to avoid a foreclosure crisis that is …

 
 

I bought a property foreclosure by second mortgage but the first mortgage was unpaid what I Can …

Avvo

I bought a property foreclosure by second mortgage but the first mortgage was unpaid what I Can do for not losing my money ? After I got a certificate of …

 
 

Foreclosure Problems? Call now – legal services

Craigslist

Foreclosure Help! We Got You Covered!!! If you are an heir to a foreclosure, we can Now Presume with the Process We have over 40 years …

 
 

MFPP Foreclosure Task Force Meeting | Michigan Poverty Law Program

Michigan Poverty Law Program

Thursday, March 4, 2021 2:00 p.m. – 4:00 p.m. Webinar Only Meeting More details will be emailed to the list serve.

 
 

Bill details – Legislative Reference Library | Legislation

Legislative Reference Library | Legislation | Bill details

Relating to the regulation of nonjudicial foreclosure on residences owned by certain members of the military, including foreclosure by a property …

 
 

FILE NO.: 19-000123 | Notice Of Foreclosure | keysnews.com

Key West Citizen

NONJUDICIAL PROCEEDING TO FORECLOSE MORTGAGE BY TRUSTEE. FILE NO.: 19-000123. WINDWARD POINTE II, LLC, A DELAWARE …

 
 

FILE NO.: 20-009358 | Notice Of Foreclosure | keysnews.com

Key West Citizen

Lienholder,. vs. MICHAEL VINCENT PISHKO, AKA MICHAEL PISHKO; ELIZABETH JANE PISHKO. Obligor. TRUSTEE’S NOTICE OF SALE. TO: Michael …

 
 

short sale homes in round rock, tx

Viação Verde Vale

We provide nationwide foreclosure listings of pre foreclosures, foreclosed homes , short sales, bank owned homes and sheriff sales. Studio – 2 Beds …

 
 

homes for sale 62249

Viação Verde Vale

… Get information on foreclosure homes for rent, how to buy foreclosures in Highland Il 62249 and much more. [Click here for more information](/info/ …

 
 

Rates of foreclosure in HOME and ADDI programs – University of Missouri-Kansas City Libraries

University of Missouri-Kansas City Libraries

Rates of foreclosure in HOME and ADDI programs, principal authors: Karmen Carr … [and others]. Resource Information. The item Rates of foreclosure …

 
 

Do I still need to file an answer to foreclosure summons with the court despite reaching an … – Avvo

Avvo

The attorney email said that once it was paid in full they would dismiss the Lis Pendens. It’s still before the deadline to file an… More. Foreclosure …

 
 

Foreclosure REFUND – real estate – by owner – apartment real estate… – Craigslist

Craigslist

If you or any of your friends or family has had their home foreclosed in the last 5 YEARS….. You potentially have $10’s of Thousands just waiting for …

 
 

Bank of New York Mellon Wins a New Trial in Foreclosure Case Where Mortgagors Alleged …

Appellate Law NJ Blog

The issue was whether the evidence at trial established that defendants’ signatures on a note and mortgage documents on which this foreclosure …

 
 

COMBINED NOTICE – PUBLICATION CRS §38-38-103 FORECLOSURE SALE NO. 2020-0017 …

theflume.com

COMBINED NOTICE – PUBLICATION · CRS §38-38-103 FORECLOSURE SALE NO. · THE LIEN FORECLOSED MAY NOT BE A FIRST LIEN.

 
 

Foreclosure: What Is It?

Alethes Realty

Foreclosure is the action of taking possession of a mortgaged property when the mortgagor fails to keep up their mortgage payments. In simpler terms …

 
 

Foreclosed Castles For Sale – Corallo Rooms

Corallo Rooms

Foreclosed Castles For Sale. A Denver judge on Friday awarded more than $1. New Castle Real Estate for Sale New homes, condos, foreclosures, …

 
 

Foreclosed houses for sale rochester ny – poliantes.it

poliantes.it

Bank Foreclosures Sale offers great opportunities to buy foreclosed homes in Rochester, NY up to 60% below market value! Our up-to-date Rochester …

 
 

Family Continues Tradition of Purchasing Books for Children in Shelter – Housing Assistance …

Housing Assistance Corporation

Energy Efficiency · Money-Housing Education · Foreclosure and Reverse Mortgage Counseling · Advocacy & Training · News · Events · Support Us.

 
 

Ariel Davis – Foreclosure Specialist – Bank of America | LinkedIn

LinkedIn

People also viewed · Kesha Richardson · Martina Coleman · Theresa Mitchell · Krystal Cobb · Aja Elyce Oduolowu · Delahla Desjarlais · Robin White · Alex …

 
 

Proven Autopilot System To Generate Foreclosure Leads – News AKMI

News AKMI

All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors. Proven Autopilot System To …

 
 

Tax Foreclosure

eXp Realty in Austin

If you have clients that buy properties at a tax foreclosure there can be some hidden issues that they need to be aware.

 
 

Notice of Pendency and Notice of Default and Foreclosure Sale | Pine City Pioneer …

Pine City Pioneer

The name of the original mortgagee is:Wells Fargo Home Mortgage, Inc. The real property subject to the Mortgage that will be foreclosed has the …

     
 
 

LOGS Legal Group / Shapiro, Kreisman & Associates — foreclosure and collection law firm

Edelman Combs Latturner & Goodwin, LLC

LOGS Legal Group / Shapiro, Kreisman & Associates — foreclosure and collection law firm. By Edelman Combs Latturner & Goodwin, LLC. | February 04, …

 
 

Foreclosure / Legal Secretary – Job at Simplify Recruitment in Atterbury

Pnet

Foreclosure / Legal Secretary needed in a Large Law Firm based in Atterbury PTA East. Duties & Responsibilities. – Drafting of legal documents. – …

     
 
 

stunning 5.35 acre in colorado. foreclosure! assume payments!

Government Auction.com , LLC

Absentee portion of this auction is open for bidding. The first session will start live bidding on Saturday, February 6, 2021 at 8:00 AM PST. The live …

     
 
 

 

 

     
 

Mortgage Fraud Daily NEWS Update ⋅ February 5, 2021

 
     
 

First American Launches AppIntelligence Score For Mortgage Fraud

National Mortgage Professional Magazine

AI Score is a fraud pattern-recognition score that gives high-volume lenders and investors the ability to more precisely identify the risk of fraud and …

 
 

Illinois real estate developer faces fraud charges for “helping” buyers qualify for mortgage loans

Mortgage Professional America

A real estate developer from Illinois and two others have been accused of running a multi-million-dollar mortgage fraud scheme that targeted financial …

 
 

First American Data & Analytics Division Launches AppIntelligence Score for Mortgage Fraud

AiThority

New Predictive Analytics Solution Identifies Fraud and Early Payment Default Risk, While Significantly Reducing Review Volumes by as Much as 50%.

 
 

“Serial Fraudster” sentenced to two years in prison for mail fraud conspiracy

WZZM13.com

In 2017, Shain was on supervised release for a prior federal mortgage fraud conviction when he conspired with an individual in the Western District of …

 
 

Ex-lawyer knee deep in dirty deeds

FOX 2 Detroit

She knows the signature is a fake, because her father George was dead when it was signed … Wolchek: “So you were involved in a mortgage scam?”.

 
 

“Serial Fraudster” sentenced to two years in prison

Fox17

Previously, Shain was on supervised release for prior mortgage fraud but is certainly not new to this. He has received fraudulent loan documents, …

 
 

Register of Deeds adds services

Davie Enterprise Record

“While Davie County has not seen an increase in mortgage fraud or fraudulent recordings, I hope this free service will assure Davie County citizens …

 
 

Grand jury indicts former 311 Boyz member for theft, forgery, coercion

KLAS – 8 News Now

… and $707,375, belonging to another victim through mortgage fraud. … Court records then say Gazlay used the fraudulent ownership documents to …

 
 

US long-term mortgage rates flat; 30-year stays at 2.73%

Associated Press

Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed-rate home loan remained at last week’s 2.73%.

Today’s mortgage and refinance rates: February 4, 2021 | Rates increase – Business Insider

Today’s mortgage and refinance rates: February 5, 2021 | Rates tick up – Business Insider

Full Coverage

 
 

In Historic Vice Presidency, Harris Starts Off With A Traditional Approach

NPR

… walking away from a nearly completed multibillion-dollar settlement several states had negotiated with major banks accused of mortgage fraud.

 
 

Mortgage News Daily – Illinois mortgage pros ensnared in alleged fraud scheme

Fintech Zoom

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 …

 
 

Strengthening Price Gouging Statute | Illegal Fees For Mortgage Payments | AGs Contest Reprieve …

JD Supra

Consumer Protection Connecticut Attorney General Seeks to Beef Up Price Gouging Statute · Environment · False Claims Act · Financial Industry.

 
 

The post FHFA’s Stats on Mortgage Loan Performance in 2020 appeared first on DSNews

Appraisal Buzz

A Chicago-area developer and two mortgage pros participated in a fraud scheme that defrauded banks out of at least $3 million, authorities said …

 
 

Former GOP state Senator, Conservative Party candidate for governor indicted

Pontiac Daily Leader

Further, McCann concealed his fraud from donors, the public, the Illinois … $64,750 in campaign funds on two separate personal mortgage loans.

 
 

Former Nike Marketing Manager Charged in Scheme to Defraud Company

Department of Justice

In July 2018, Andam submitted a fake financial statement from his LLC in support of a residential mortgage loan application. The financial statement …

Former Nike Marketing Manager Charged With $1.5 Million Fraud Scheme – WWD

Ex-employee accused of bilking Nike out of nearly $1.5M – KOIN.com

Full Coverage

 
 

New Jersey Homeowners Get Mortgage Relief

Patch.com

Homeowners are advised to take advantage of a new Mortgage Stimulus Program before it’s gone. This is likely to be the largest benefit program …

 
 

Short-seller Marc Cohodes defends his discipline, warns against investing blindly, and slams …

Business Insider

Cohodes is best known for exposing fraud at mortgage lender Novastar … “I go after bad people, bad companies, frauds, criminals, things like that.

 
 

Strengthening Price Gouging Statute | Illegal Fees for Mortgage Payments | AGs Contest Reprieve …

Lexology

Strengthening Price Gouging Statute | Illegal Fees for Mortgage Payments | AGs … of the mortgages, which would violate most states’ statutes of fraud.

 
 

Mortgage Servicer Says Software Co. Held Its Data ‘Hostage’

Law360

Caliber accuses Sagent of breach of contract, theft, unfair competition, negligence and violating the federal Computer Fraud and Abuse Act.

 
 

Update on the latest in business:

Federal News Network

US long-term mortgage rates flat; 30-year stays at 2.73% … man has pleaded guilty to securities fraud for cheating investors of nearly $90 million by …

 
 

First American division launches fraud solution

The Title Report

… enables high-volume lenders and investors to more precisely identify the risk of fraud and early payment default on both new mortgage applications …

 
 

Ex-Pasadena Lawyer Faces Sentencing for Fraud Crime of `Desperation’

Pasadena Now

Ex-Pasadena Lawyer Faces Sentencing for Fraud Crime of `Desperation’ … In February 2016, Ohanian presented the victim with a counterfeit $1.9 … needed to make payments for back taxes and overdue mortgage payments in …

 
 

SoftPro, Mortgage Cadence integrate

The Title Report

… phishing and wire fraud. “Connection is key to lending efficiency and automation,” Mortgage Cadence CEO Peter Espinosa said. “And we’re excited …

 
 

Homeowners Can Get $3684 Mortgage Relief!

Patch.com

Homeowners Can Get $3,684 Mortgage Relief! Gov Mortgage Relief Org. [Washington D.C] A New Federal Mortgage Program is Giving $3,684 Back to …

 
 

Former State Senator And Third-Party Gubernatorial Candidate Sam McCann Indicted For Fraud

Patch.com

Prosecutors allege McCann used campaign funds to buy personal vehicles, pay personal debts and make mortgage payments. They also allege …

 
 

Controversial former Nike designer accused of defrauding sneaker giant in $1.4 million scam

oregonlive.com

… Nike designer accused of defrauding sneaker giant in $1.4 million scam … He applied for a mortgage loan and submitted a financial statement from …

 
 

The post Home Equity is Increasing Even in Unstable Economy appeared first on theMReport.com

Appraisal Buzz

The post Illinois mortgage pros ensnared in alleged fraud scheme appeared first on HousingWire. James Kleimann. Follow Us …

 
 

Why millions of Americans are now tapping credit unions for loans

CNBC

Before the recession in 2008, 24% of all mortgages from banks were subprime … Affinity saw strong growth in the mortgage business with record-high …

 
 

Ohio pays out more than $330 million in fraudulent pandemic unemployment claims: The Wake Up …

cleveland.com

Unemployment fraud: Ohio paid more than $330 million in fraudulent … In addition to the 56,000 fake Pandemic Unemployment Assistance claims filed in … Robert Higgs reports the lending giant now operating as Rocket Mortgage …

     
 
 

FCA chiefs must take responsibility for ‘darkest day’ and £1bn FSCS levy – AMI

Mortgage Solutions

Mortgage industry cleaning house. Sinclair explained that there is “so much fraud and bad practice going on in the pensions and investment market” it is …

 
 

Morning Headlines: Vaccinations Surpass Total COVID-19 Cases; Ohio Paid $330M in Fraudulent

WKSU News

The company now operating as Rocket Mortgage plans to add 700 jobs by the end of 2024 by expanding into the floors above JACK Cleveland …

 
 

Feds Accuse Former Nike Employee of $1.4 Million Fraud

Sole Collector

The feds say Andam used these events to carry out his fraud scheme. … charge is related to a July 2018 attempt to secure a residential mortgage loan.

 
 

Ex-Pasadena Lawyer Faces Sentencing for Fraud Crime of ‘Desperation’

KFI AM 640

Ex-Pasadena Lawyer Faces Sentencing for Fraud Crime of ‘Desperation’ … In February 2016, Ohanian presented the victim with a counterfeit $1.9 … needed to make payments for back taxes and overdue mortgage payments in …

 
 

Former IL Senator Sam McCann Federally Indicted For His Use of Campaign Funds –

Edgar County Watchdogs

… to purchase personal vehicles, pay personal debts, make mortgage payments, … In addition to wire fraud and money laundering, the indictment charges … For the period of the alleged fraud scheme, from May 2015 to June 2020, …

Ex-senator faces charges over campaign funds – Jacksonville Journal-Courier

Full Coverage

 
 

Ex-Pasadena lawyer gets 15 years for defrauding clients

The Pasadena Star-News

In February 2016, Ohanian presented the client with a bogus $1.9 million check … that contained the forged signature of a United States bankruptcy judge. … to make payments for back taxes and overdue mortgage payments in order …

 
 

Ex-Pasadena Lawyer Faces Sentencing for Fraud Crime of ‘Desperation’

MyNewsLA.com

Ex-Pasadena Lawyer Faces Sentencing for Fraud Crime of ‘Desperation’ … In February 2016, Ohanian presented the victim with a counterfeit $1.9 … and overdue mortgage payments in order to acquire the property, and to provide …

 
 

The post Most First-Home Shoppers Misunderstand Their Budgets appeared first on theMReport.com

Appraisal Buzz

UWM originated more than $54 billion in mortgages and generated more than … The post Illinois mortgage pros ensnared in alleged fraud scheme …

 
 
   

CBS13 Investigates: Victims Of EDD Fraud

Yahoo News

CBS13 Investigates: Victims Of EDD Fraud … Vance also charged another Trump campaign official, Paul Manafort, with mortgage fraud and more than …

 
 
   

Ohio’s pandemic unemployment hit with $330 million in fraud

Yahoo News

Ohio’s pandemic unemployment hit with $330 million in fraud … another Trump campaign official, Paul Manafort, with mortgage fraud and more than a …

 
 

PennyMac Mortgage Investment Trust Reports Fourth Quarter and Full-Year 2020 Results

Business Wire

BUSINESS WIRE)–PennyMac Mortgage Investment Trust (NYSE: PMT) … Mr. Spector continued, “2020 was a challenging year for mortgage REITs, … the Company’s ability to detect misconduct and fraud; the Company’s ability to …

 
 

NHS vaccine scam warning: Britons targeted by fake email ‘We never ask’

Daily Express

NHS vaccine scam warning: Britons targeted by fake email ‘We never ask’ … Mortgage: Britons will need key form amid cladding scandal [INSIGHT]

 
 

Point Predictive Launches EmployerCheck™ to Give Lenders a Convenient Tool to Assess the …

Collision Repair Magazine

Every US auto lender, mortgage originator, personal finance company, and … In recent months, Point Predictive’s fraud analysts have investigated …

 
 
   

Publix Vaccine Appointments

Yahoo News

… Trump campaign official, Paul Manafort, with mortgage fraud and more than a dozen other … China arrests suspects in fake COVID-19 vaccine ring.

 
 
   

Misinformation and lies ‘very effective’ in making minorities fear COVID-19 vaccine, some …

Yahoo News

Investigative Reporter Katie LaGrone explains how deceptive campaigns are proving to be as difficult to … Vance also charged another Trump campaign official, Paul Manafort, with mortgage fraud and more than a dozen other state …

 
 

Eagle Financial Bancorp, Inc. Announces Change of Bank’s Name

StreetInsider.com

BANK domain is an industry-led cybersecurity initiative providing banks and our customers with protection against fraud and preparing our platforms for the … On average, Eagle has been the 13th largest mortgage lender in Hamilton …

 
 

Mandatory Comprehensive Credit Reporting law passes

Mortgage Business

Annie Kane is the editor of The Adviser and Mortgage Business. … Try my client who had a credit card fraud on his account….the account was opened …

 
 

Lawyer From Hell? Pasadena Attorney Gets 15 Years For Siphoning Client Cash By Falsely …

MyNewsLA.com

In February 2016, Ohanian presented the client with a bogus $1.9 million … Ohanian denied the check was counterfeit and in March 2016 presented the … needed to make payments for back taxes and overdue mortgage payments in …

 
 

New unit and Audi for worker who took $284k from employer

Queensland Times

On 37 occasions over 15 months Gunthorpe fraudulently transferred a total of … of $3000 and $10,000, and put $40,000 of company money into the mortgage, … After the fraud was discovered by an auditor, Gunthorpe, who had kept …

 
 

Mum could lose home after son fleeced her out of £70000 while living rent-free

Metro

… being left unable to pay her mortgage and faced with the prospect of losing her home. Speight forged 23 cheques worth £11,376 while working at his mum’s gift shop Angels Too in Chapel Allerton, Leeds Crown Court heard.

 
  WEB  
 

First American Data & Analytics Launches AppIntelligence Score for Mortgage Fraud – Mann Report

Mann Publications

AI Score is a new fraud pattern-recognition score that enables high-volume lenders and investors to more precisely identify the risk of fraud and early …

 
 

Is this mortgage fraud? : legaladviceofftopic

Reddit

… while the owner lives elsewhere, I’m assuming to get a better rate for the refinance, would that be considered mortgage fraud? Or some kind of fraud …

 
 

Actual property developer amongst 4 individuals charged with mortgage fraud – Division of Justice …

The Real Estate Tv Show

CHICAGO – A federal grand jury has indicted a real estate developer and three other people for allegedly participating in a mortgage fraud program …

 
 

Illinois mortgage professionals ensnared in alleged fraud scheme

DAILY MORTGAGE PRESS

The threat of mortgage fraud has grown significantly since the COVID-19 pandemic began. Using the Consumer Wire Account Verification Service …

 
 

Illinois mortgage pros ensnared in alleged fraud scheme – Lovebylife

Lovebylife

A Chicago-based real estate developer and two mortgage lenders were involved in a mortgage fraud scheme that defrauded banks of at least $ 3 …

 
 

Mortgage Underwriter – REMOTE Job in Kansas City, MO at RemX

ZipRecruiter

Analyzes mortgage loan documentation in order to determine credit worthiness and to detect signs of possible mortgage fraud or money laundering.

 
 

Illinois mortgage pros ensnared in alleged fraud scheme | News Break

News Break

A Chicago-area real estate developer and two mortgage professionals participated in a mortgage fraud scheme that defrauded banks out of at least $3 …

     
 
 

 

 

Now You Can Unlock the Power of Justice and the Rule of Law with FRAUD STOPPERS

 

Are you tired of being a victim of financial fraud, seeking the justice and legal remedy you deserve? Look no further – FRAUD STOPPERS is here to empower you with the comprehensive tools and support necessary for success. With a wide range of services tailored to your needs, we are your ultimate ally in the fight against fraud.

FRAUD STOPPERS Arsenal of Solutions includes but is not limited to:

  1. Audits & Investigations: Our team of skilled professionals will meticulously analyze your case, leaving no stone unturned in uncovering the truth. We employ cutting-edge techniques and resources to expose the fraud and gather irrefutable evidence. We are the only organization (to our knowledge) that can provide you with a Full Level 4 Bloomberg Securitization Audit and all the loan level data and trust information for all Government Sponsored Loans (GSE’s) and loan placed in private trust (shipped off shores) that do not report to the Securities and Exchange Commission (SEC).
  1. Expert Witness Affidavits & Testimony: Our network of esteemed experts will provide compelling affidavits and testify on your behalf, lending credibility and authority to your case. Their specialized knowledge and experience will strengthen your position in the legal battle.
  1. Turnkey Litigation Packages: We understand that navigating the complex legal landscape can be overwhelming. That's why we offer comprehensive litigation packages, equipped with all the necessary documents and strategies to mount a strong defense against fraudsters.
  1. Professional Paralegal Support: Our dedicated paralegals are committed to assisting you every step of the way. They will guide you through the process, offer invaluable insights, and provide crucial administrative support to ensure your case is well-prepared.
  1. Nationwide Attorney Networks: We have established a vast network of highly skilled attorneys across the country who specialize in fraud cases. Rest assured, you will be connected with a trusted legal expert who is passionate about seeking justice on your behalf.
  1. Legal Education and Training: At FRAUD STOPPERS, we believe that knowledge is power. That's why we provide comprehensive legal education and training resources, empowering you to understand your rights, navigate the legal system, and make informed decisions throughout your case.
  1. Debt Settlement Negotiations: Our experienced negotiators will engage with creditors on your behalf, striving to reach favorable debt settlement agreements. We will advocate for your interests, aiming to alleviate the financial burden caused by fraud.
  1. Private Lending: If you require financial assistance to support your legal battle, our private lending options can provide the necessary funding. Our trusted lending partners offer competitive rates and flexible terms, ensuring you have the resources to fight for justice.

 

And much more! Save Time, Money, and Increase Your Odds of Success with FRAUD STOPPERS' Proven Products and Programs

If you're serious about getting the legal remedy you deserve, FRAUD STOPPERS has everything you need to succeed while saving time, money, and increasing your odds of success. Our comprehensive range of proven products and programs is designed to streamline the process, maximize efficiency, and deliver results.

Time is of the essence when it comes to combating fraud, and we understand the importance of expediting your case. With our expertise and resources, we can minimize delays and ensure efficient progress. By leveraging our extensive experience in fraud investigations and legal strategies, you can navigate the complexities of the legal system with confidence, saving valuable time in the process.

We also recognize the financial burden that fraud can impose, and we are committed to providing cost-effective solutions. Our competitive rates for services, private lending options, and expert negotiation skills can help you save money while maximizing the value you receive. Rest assured that we strive to optimize your resources, enabling you to fight fraud without breaking the bank.

Partnering with FRAUD STOPPERS significantly increases your odds of success. Our proven track record and extensive network of experienced professionals ensure that you have the best possible resources at your disposal. From expert witness testimonies to strategic litigation packages and effective debt settlement negotiations, our carefully curated products and programs have a track record of achieving favorable outcomes. With FRAUD STOPPERS by your side, you can maximize your chances of holding fraudsters accountable and obtaining the justice you deserve.

By choosing FRAUD STOPPERS, you can save time, save money, and increase your odds of success. Our proven products and programs, combined with our commitment to your cause, empower you to reclaim your future. Take the first step towards justice by completing the form below.

Remember, with FRAUD STOPPERS, you have a trusted partner dedicated to saving you time, money, and increasing your chances of success. Let us fight by your side and help you put an end to fraud once and for all.

Our commitment to your success knows no bounds. We are constantly expanding our services and partnerships to provide you with the most effective tools in the fight against fraud.

Ready to get started?

Simply complete the form below to begin your journey towards justice. Once submitted, check your email inbox or email spam folder for detailed instructions on how to move your file forward.

Remember, you don't have to face fraud alone – FRAUD STOPPERS is here to champion your cause and bring you the justice you deserve.

Join us in the battle against fraud today!

Complete the form below and then after submission, check your email inbox or spam folder for detailed instructions on how to move your file forward to get the legal remedy you seek and deserve.

LIST OF FORECLOSURE LAWS BY STATE

 

Fraud Stoppers Logo

THIS SITE IS NOT INTENDED TO BE MISCONSTRUED AS LEGAL ADVICE. FRAUD STOPPERS is a Private Members Association PMA. FRAUD STOPPERS PMA is NOT a law firm, non-profit organization, or government agency.  FRAUD STOPPERS PMA does not operate in the public sector. Although this website is visible to the public  FRAUD STOPPERS PMA does not intend for any information contained in this website to be considered as legal advise.

The information about Foreclosure law and other legal information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.  Information on this website may not constitute the most up-to-date legal or other information.  This website contains links to other third-party websites.  Such links are only for the convenience of the reader, user or browser; FRAUD STOPPERS and its members do not recommend or endorse the contents of the third-party sites.

Readers of this website should contact their attorney to obtain advice with respect to any particular legal matter.  No reader, user, or browser of this site should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction.  Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.  Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client relationship between the reader, user, or browser and website authors, contributors, contributing law firms, or committee members and their respective employers. 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.

The views expressed at, or through, this site are those of the individual authors writing in their individual capacities only – not those of their respective employers, FRAUD STOPPERS, or committee/task force as a whole.  All liability with respect to actions taken or not taken based on the contents of this site are hereby expressly disclaimed.  The content on this posting is provided “as is;” no representations are made that the content is error-free.

For instant access to an affordable local competent attorney click here

 

Spread the love
Yum