Congressional Hearing on Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing

C-SPAN3 temporarily cut away from the hearing to go to Rangel’s sanctions but the hearing is still on here.

The participants (R.K. Arnold of MERS and Professor Adam Levitin have been busy this week):

Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing

Date: November 18, 2010

Time: 10:00AM

Location: 2128 Rayburn House Office Building

Witness List & Prepared Testimony:

Panel One:

Panel Two:

Panel Three:

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2 thoughts on “Congressional Hearing on Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing

  1. So where are witnesses like Professor Black who have real-world experience and are not locked hand-in-glove with the “System?”

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  2. Current Congressional hearings on Hearing on Mortgage Services and Foreclosure Practices are exercises in futility until such includes a THOROUGH probe of the LETHAL role of lawyers regarding mortgage and real estate repossessions! It alarms me that the ‘Elephant in the Room’ (hiding in plain sight) continues to not undergo investigation! Foreclosure fraud is IMPOSSIBLE WITHOUT an Officer-of-the-Court (a lawyer) filing civil, as well as bankruptcy judicial pleadings!

    Investigations exclusive of the very lawyers who file court pleadings seems like a dog and pony show. Lawyers are required to prosecute legal claims by means of law, rather than predilections! Even if / when mortgage lenders instruct lawyers to file inappropriate or unlawful documents, a LAWYER is obligated to advise what can and cannot be lawfully done!

    Our nation’s mortgage crisis has finally caused serious pondering of factors that indicate a mammoth creature (I am certain it is the judicial elephant!) might be the driving force for this incredible Banking debacle!

    For myself, and people who ask me to help, I HOPE a graphic TRUE STORY, spelling out methods that judicial systems are utilized to accomplish fraudulent real estate conveyances, and unlawful collections, is a catalyst for needed CHANGE. The epitomizing foreclosure story is found here:

    Foreclosure Fraud Assault – A Cry For Help http://newsblaze.com/story/20101116120222nnnn.nb/topstory.html

    “A foreclosure that entails savagery, fraud, corruption, greed, intrusion, peril, trauma, desolation, shocking deviation from established law and court rules and procedures, and reprisals for whistleblowing and for not relinquishing one’s home to sham foreclosure is a riveting story worth being told.

    The victim’s painful story comes with a plea for humanity to rise to a duty of raising awareness, and not merely for the sake of aiding this one victim. It is for the sake of calling attention – and hopefully “making a difference” by requiring lawmakers to make changes in what appears to be third-world judicial systems of shocking perversion and inequality, harmful to the entire economy.

    Encapsulated in the story “Foreclosure Gang Rape,. . .,” the victim’s graphic details of years of harm from lawyers, judges, and banks summed up as ‘gang rape’ is commensurate with defilement, exploitation, humiliation, bigotry, betrayal, invasion, revilement, assault, depredation, torture, despoliation, stigmatization, maltreatment, denigration, ruin, pillage, ransack, intrusion, and racism.

    Wells Fargo turned over the modified loan debt to a foreclosure mill debt collection lawyer who used a defunct lender’s identity to foreclose, as well as demand unfair fees. At some point after foreclosure had been filed, the victim discovered that the modification consisted of a contract between the homeowner and a fictitious lender. . .”

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