Round Up: NJ Issues New Foreclosure Guidelines Due to “Lender” Abuses, US House Movement to Get Tougher on Servicers and Securitizers

New Jersey Notice to the Bar

NJ Notice to Foreclosure Plaintiffs Questionable Practices

Attached is a draft letter from Rep. Brad Miller’s office. Additionally, here are stories and blog posts on the FDIC/Fed conflict and StopServicerScams.com action.

Open Letter to Bank Regulators on Mortgage Securitization and Servicing Practices
http://www.nakedcapitalism.com/2010/12/open-letter-to-bank-regulators-on-mortgage-securitization-and-servicing-practices.html

Agencies Clash Over How to Create Federal Servicing Standards
http://www.americanbanker.com/issues/175_244/fdic-servicing-standards-risk-retention-1030251-1.html

Stop Servicer Scams Petition; Movement and Fighting to Fix the Broken Servicers
http://rortybomb.wordpress.com/2010/12/22/stop-servicer-scams-petition-movement-and-fighting-to-fix-the-broken-servicers/

Fraud As A Business Model Endorsed by The Fed And OCC
http://market-ticker.org/akcs-www?singlepost=2324650

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