weekend edition - october 8 to october 12, 2012 - foreclosuregate gazette

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  • 7/31/2019 Weekend Edition - October 8 to October 12, 2012 - ForeclosureGate Gazette

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    WEEKEND EDITION, OCTOBER 8 OCTOBER 12, 2012

    Page 1 of 5

    MONDAY, OCTOBER 8, 2012 ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

    ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

    CA, Mabry Vs. Superior Court (2010), Certified For Publication

    In this writ proceeding, we answer these questions about section 2923.5, also known as the Perata MortgageRelief Act2:(A) May section 2923.5 be enforced by a private right of action? Yes. Otherwise the statute would be a deadletter.(B) Must a borrower tender the full amount of the mortgage indebtedness due as a prerequisite to bringing anaction under section 2923.5? No. To hold otherwise would defeat the purpose of the statute.(C) Is section 2923.5 preempted by federal law? No -- but, we must emphasize, it is not preempted because.

    Judge tosses foreclosure suit by 'living dead'bank IndyMac

    Something scary has been haunting a homeowner facing foreclosure in Brooklyn -- a"living dead" bank that a judge compared to

    Dracula. In a decision Wednesday involving anapparent case of robo-signing, Kings CountySupreme Court Justice Arthur Schack questioned how the failed thrift IndyMac FederalBank could have initiated a foreclosure.

    Big decisions affecting homeowners awaitlame-duck Congress

    Will Congress renew the mortgage debt forgiveness tax provisions for owners whosemortgage lenders agree to write off portions of

    their debt, either as part of loan modifications,foreclosures, short sales or deeds-in-lieu offoreclosure? Without an extension, borrowerswho receive reductions in principal next yearwould be hit with federal income taxes at their.

    Will Regulators Halt Eminent Domain LoanSeizures?

    The top lawyer for a federal agency expressedreservations Thursday with a proposal floated bymunicipalities and private investors to restructureunderwater mortgages by seizing them fromother investors through eminent domain.Thereis a federal interest here, said Alfred Pollard,general counsel for the Federal Housing.

    Utahns to receive mortgage-settlement forms

    About 16,000 Utahns who lost their homes toforeclosure from 2008 through 2011 will bereceiving claim forms in the mail over the next fewmonths as part of a nationwide settlement withcertain mortgage lenders and servicers. Utahborrowers who had their mortgages from Ally/GMAC, Bank of America, Citi, JPMorganChase and Wells Fargo may be entitled to.

    Court of Appeals Says Plaintiff ProperlyAlleged Bank of America Acted in Bad Faith

    On September 21, 2012, the United States Courtof Appeals for the First Circuit issued a pair ofdecisions upholding claims by borrowers intwo class action lawsuits against Bank ofAmerica. The lawsuits allege that Bank ofAmerica breached its mortgage contracts andacted in bad faith by forcing borrowers to

    FDL Book Salon Welcomes Neil Barofsky,Bailout: How I Watched Washington RescueWall Street...

    Let me tell you how that came about. Neilcontacted me and asked if he could use anexample from my Portrait of HAMP Failure seriesto illustrate the real-world consequences of theprogram, which all too often turned the loanmodification process into a nightmare.

    Wells Fargo: Stop the foreclosure on a stage4 cancer victim's home

    Cindi Silvers Davis and her husband, have triedvery hard to work with their bank, Wells Fargo,but they say they have been mislead, they havebeen treated poorly, and now Wells Fargo istrying to put an advanced stage cancer victim outon the street.

    Fannies Big Foreclosure Sale: Maybe Not SoBig After All

    Fannie Mae will sell nearly 700 foreclosures inFlorida to a real-estate investment firm, butappears unlikely to expand this strategy beyondproperties already rented out to tenants. SanDiego-based Pacifica Companies reached anagreement last week to purchase the 699.

    >>>>>>>Mortgage Seizure Via Eminent Domain For Community Stabilization

    Debate And News Updated Dailyhttp://paper.li/EmDomainDebate/1342319964

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osuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://paper.li/EmDomainDebate/1342319964http://paper.li/EmDomainDebate/1342319964http://paper.li/EmDomainDebate/1342319964http://paper.li/EmDomainDebate/1342319964http://paper.li/EmDomainDebate/1342319964http://foreclosuregate.prosepoint.com/story/fannie%E2%80%99s-big-foreclosure-sale-maybe-not-so-big-after-allhttp://foreclosuregate.prosepoint.com/story/wells-fargo-stop-foreclosure-stage-4-cancer-victims-homehttp://foreclosuregate.prosepoint.com/story/fdl-book-salon-welcomes-neil-barofsky-bailout-how-i-watched-washington-rescue-wall-streethttp://foreclosuregate.prosepoint.com/story/court-appeals-says-plaintiff-properly-alleged-bank-america-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.pro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rica-acted-bad-faithhttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/utahns-receive-mortgage-settlement-formshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/will-regulators-halt-eminent-domain-loan-seizureshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/big-decisions-affecting-homeowners-await-lame-duck-congresshttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/judge-tosses-foreclosure-suit-living-dead-bank-indymachttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publicationhttp://foreclosuregate.prosepoint.com/story/ca-mabry-vs-superior-court-2010-certified-publication
  • 7/31/2019 Weekend Edition - October 8 to October 12, 2012 - ForeclosureGate Gazette

    2/5

    WEEKEND EDITION, OCTOBER 8 OCTOBER 12, 2012

    Page 2 of 5

    TUESDAY, OCTOBER 9, 2012 ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

    ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

    Brief Of Amicus Curiae, Bain Vs. MERS, State Of Washington

    I. INTRODUCTION AND SUMMARY OF ARGUMENT In Washington, and in slightly over the half the states,nonjudicial proceedings are the predominant method of foreclosure against residential properties. In the early yearsof the foreclosure crisis, a considerable amount of litigation ensued in judicial foreclosure states over the issue ofwho had "standing" to bring a foreclosure action. The process of securitization brought this question to the forefrontwhen millions of homeowners, like Ms. Kristin Bain, found themselves facing foreclosure.

    Georgia Foreclosure Fraud Story Emblematicof Lack of Accountability, CrushingConsequences

    The financial fraud task force can file civil suitsfor the next 10 years, and they still wontunderstand how this will not satisfy homeownerswho had everything theyve ever worked fortaken away from them, and who see nocomplementary losses on the side of those whocaused this tragedy in their lives.

    Occupy Members Join Police in Bid to SaveGa. Home

    Less than a year after Occupy Atlanta membersclashed with police in riot gear in a downtownpark, they're now protesting alongside officers tohelp a retired detective avoid losing her home toforeclosure. Activists planned to join current andretired Atlanta police Monday for a demonstrationand discussion at the home of retired Atlantapolice Det. Jaqueline Barber in Fayetteville.

    Pending sales of existing homes fall belowmark considered healthy

    After hitting a two-year high, pending sales ofpreviously occupied homes fell in August belowthe threshold considered healthy, according to atrade group. An index of signed contracts had hit101.9 in July, reaching its highest point sincehome buyers swarmed the market in April 2010

    to take advantage of a government tax credit.But in August, the measure dipped 2.6%....

    New York Allots $60M for Legal Services toAvoid Foreclosure

    New York Attorney General Eric T. Schneidermanannounced his state will spend $60 million onhousing counseling and legal services forstruggling homeowners. A portion of the fundsare a result of the historic $25 billion nationalmortgage settlement, which was reached in

    February between the five largest mortgageservicers and state and federal officials and 49.

    The Foreclosure Survival Guide

    The 3rd edition of the nation's bestselling bookon foreclosure is updated with the latestinformation on federal legislation to help struggling homeowners and bank-implementedforeclosure-delay programs. Thorough and easyto understand, you will learn all your optionsincluding.

    MN Court Hamstrings Foreclosure Protection

    Plaintiffs attorneys across the country have beenbattling the foreclosure using a variety oftechniques; attempting to enforce the TrialModification Plan agreement was one amongthem. For a few years in Minnesota, hundreds offoreclosures were stopped by litigation askingcourts to enforce the Trial Modification.

    "As negative equity increases, we seecorresponding increases in the number ofnew problem loans,"

    "In Nevada and Florida, two of the states with thehighest percentage of underwater borrowers,more than 3% of borrowers who were up to dateon their payments are 60 or more daysdelinquent six months later.

    Romney vows to make foreclosure preventioneasier

    In his latest housing plan, Republican presidentialnominee Mitt Romney promised to abolishPresident Obama's foreclosure prevention programs in order to spark more private dealsbetween banks and their borrowers. "A Romney-Ryan Administration will make it easier.

    >>>>>>>Mortgage Seizure Via Eminent Domain For Community Stabilization

    Debate And News Updated Dailyhttp://paper.li/EmDomainDebate/1342319964

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  • 7/31/2019 Weekend Edition - October 8 to October 12, 2012 - ForeclosureGate Gazette

    3/5

    WEEKEND EDITION, OCTOBER 8 OCTOBER 12, 2012

    Page 3 of 5

    WEDNESDAY, OCTOBER 10, 2012 ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

    ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

    CA Appeal Court Ruling: Andrea Skov Vs. US Bank, Sixth Appellate District, Certified For PartialPublication

    Plaintiff Andrea Skov filed an action against defendant U.S. Bank National Association, as trustee for CreditSuisse First Boston CSFB 2004-AR3 (U.S. Bank), and others in which she alleged improprieties in the nonjudicialforeclosure process involving her residence.1 The trial court sustained U.S. Banks demurrer to the secondamended complaint and dismissed the action.. We conclude that the second amended complaint sufficientlypleaded a violation of Civil Code section 2923.5. 2 Accordingly, we reverse the judgment.

    Calif. hands trial lawyers 'nuclear weapon' touse against mortgage industry: legal expert

    The Homeowner Bill of Rights launched inCalifornia not only changed hundreds of years ofreal estate law, it may have turned the WestCoast state into a judicial foreclosure state with

    financial firms on high alert, legal experts claim."In California, they just gave trial lawyers anuclear weapon to use against the industry,".

    How to find foreclosure help

    HAMP, HARP, HUD. . . . The list of programs andagencies offering help for homeowners facingforeclosure looks a bit like a confusing bowl ofalphabet soup. But with a little help decoding theirmeaning, these programs could make a world of

    difference to homeowners. As Illinois attorneygeneral, tens of thousands of Illinois borrowershave reached out to my office for help.

    Foreclosure help notices being mailed inTennessee

    Notices are going out in the mail to an estimated37,000 Tennessee borrowers who may beeligible for payment under a $25 billion nationalmortgage foreclosure settlement. Eligible borrowers will be receiving claim forms in themail this month and Attorney General BobCooper of Tennessee urged residents to.

    Judicial states slowing pace of foreclosureshitting the market

    In the beginning of 2007, about 45% offoreclosures were in judicial states. In June, thatfigure stood at 62%. Analysts at Bank of AmericaMerrill Lynch say this is a result of not justdelays from the attorneys general settlement earlyin the year, but also greater efficiency in thedisposition of foreclosures in nonjudicial states.

    CFPB Safe Harbor Rule Would Allow Homeowners to Fight Bad Mortgages

    "[LivingLies] Editors Comment: The practice ofdisregarding normal loan underwriting standardscreates a claim that homeowners were trickedinto loans that they could never repay. TheConsumer Financial Protection Bureau, built byElizabeth Warren under Obamas direction isabout to pass a rule that addresses that veryissue.

    Obama Housing Program Hits Milestone: 1Million Failed Mortgage Modifications

    President Barack Obama said in 2009 that a newprogram to fight foreclosures would help as manyas 4 million struggling homeowners obtainmortgage modifications that would reduce theirmonthly payments. The administration will notreach that goal, but data released Thursday showthat it has achieved a much sadder statistic: Morethan 1 million homeowners have been.

    Oregon launches foreclosure resource site

    The Oregon Department of Housing andCommunity Services (OHCS) has launched anew foreclosure resources website, www.OregonHomeownerSupport.gov.The new website is designed to help distressedhomeowners by providing information aboutexisting programs and increasing access tocertified foreclosure counselors.

    San Diego puts heat on banks for foreclosures

    The San Diego City Council Tuesday unanimouslyapproved two out of three ordinances designed tokeep banks accountable for distressed homes.The two ordinances aimed to give the city moretools to hold property owners responsible forabandoned properties and require banks doingbusiness with the city to provide data about theirlending, foreclosures and service to minority.

    >>>>>>>Mortgage Seizure Via Eminent Domain For Community Stabilization

    Debate And News Updated Dailyhttp://paper.li/EmDomainDebate/1342319964

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  • 7/31/2019 Weekend Edition - October 8 to October 12, 2012 - ForeclosureGate Gazette

    4/5

    WEEKEND EDITION, OCTOBER 8 OCTOBER 12, 2012

    Page 4 of 5

    THURSDAY, OCTOBER 11, 2012 ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS

    ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

    Financial Fraud Enforcement Task Force Members Reveal Results Of Distressed Homeowner Initiative

    Attorney General Eric Holder, Housing and Urban Development (HUD) Secretary Shaun Donovan, FBI AssociateDeputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon Leibowitz yesterdayannounced the results of the Distressed Homeowner Initiative, the first-ever nationwide effort to target fraud schemesthat prey upon suffering homeowners. The yearlong initiative, launched by the FBI.

    Is Housing Recovering as Much as EveryoneThinks?

    "Recoveries, with attendant price increases,were anticipated in the spring and summer of2009, 2010 and 2011; by the fall and winter thepredictions of price changes were amended toreflect further price declines. In actuality, after

    netting out the seasonal factors, home priceshave been little changed in the past few years."

    What You Should Know about IndependentForeclosure Review: Call-in Session

    Details about the independent foreclosure review(IFR) process and related information for potentially eligible borrowers are the focus of anupcoming audio conference led by FederalReserve and Office of Comptroller of the Currencystaff. Join community development practitioners,

    housing counselors, and legal aid attorneys fromacross the country at 3 p.m. ET on Tuesday.

    Resetting the Market: Irelands Plan for MassMortgage Write-Downs

    The Irish housing market is in a painful state.Prices are 50% below the peak (not that abubble peak should be the goal), and over half ofall mortgages in the country are underwater.Over 1/4 of Irish mortgage debt stands in default.Now, years later, the Irish government hasresigned themselves to do what every country.

    Suspicious Activity Reports (SARs)RegardingForeclosure Rescue Scams Increase

    Suspicious activity reports (SARs) regardingforeclosure rescue scams continued to grow in thefirst half of 2012, even as the total number ofSARs indicating mortgage loan fraud (MLF)declined, the Financial Crimes EnforcementNetwork (FinCEN) announced today in itslatest Mortgage Loan Fraud Update..

    Battle Looms Over U.S. Mortgage Relief Plan

    The mayor of Hesparia, California, Russ Blewett,acknowledges the irony in his support of a plancalling for the government seizure of mortgagesfrom homeowners in his town of 90,000 high inthe Mojave Desert. Im more conservative thanAttila the Hun, said Blewett, a former real estatedeveloper, who describes himself as a hardenedindividualist who rarely advocates for moregovernment in citizens lives.

    About-Face for Bankers New Lobbyist

    I went to Wall Street and told them to get theirsnout out of the trough because they are some ofthe worst offenders when it comes to bailouts andcarve-outs and special deals. That was TimPawlenty, the former Republican governor ofMinnesota, just over a year ago while running forpresident, railing against big banks. So whats heup to now? Last week, he was named presidentof the Financial Services Roundtable.

    The Housing Market: Have We Finally HitBottom?

    After five years of plunging prices and spiralingforeclosures, maybe, just maybe, the bubble'sstopped bursting. Home prices are beginning torebound in many parts of the country. Recentreports show fewer foreclosures in several hard-hit states. There's a very long way to go to get tolanguage like robust and sustained....

    Attorney John Long State of WashingtonForeclosure Better for Homeowners

    Recently, there have been three significantdevelopments in Washington, two from the StateSupreme Court, and one having to do with thestates mediation program. And all three fell infavor of homeowners, which is a refreshingchange. In Bain v. Metropolitan , the StateSupreme Court dealt a blow to the MERS way.

    >>>>>>>Mortgage Seizure Via Eminent Domain For Community Stabilization

    Debate And News Updated Daily

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