Ocwen Stock Tanking in Wake of Cease and Desist Order

Update: The Consumer Financial Protection Bureau just sued Ocwen for “failing borrowers throughout mortgage servicing process.  It says “mortgage servicer’s widespread errors, shortcuts, and runarounds cost borrowers money, homes.” CFPB Press Release CFPB Complaint The Commissioner of Financial Regulation for the State of Maryland issued a Summary Order to Cease and Desist and Partial Summary […]

The People’s Revenge? Voting their Anger

Post-Iowa and New Hampshire, articles abound regarding populist anger.  I am particularly interested in fostering awareness of the strangling hold that a very few hold over so very many.  I would particularly like to address the way the rigged system has led us to a place where the American middle class consumer cannot obtain justice but that is […]

Freddie and Fannie Sell Your Home Loans to Vultures for Pennies on Dollar: Vultures Pick the Bones of Distressed American Homeowners

Freddie Mac Kicks Off 2016 with Largest Ever Delinquent Loan Auction article here: The transaction announced on Friday is Freddie Mac’s third bulk NPL sale worth more than $1 billion. The previous two were worth $1.1 billion each. Overall, it will be Freddie Mac’s ninth bulk Standard Pool Offering (SPO) auction since the first sale […]

Scholarly Takes on Fabricated Mortgage Assignments, Unlawful Foreclosures, the UCC’s Role in Foreclosure, and Hypocritical Brandishing of Credit Score Scarlet As

Campbell, James P, The Nexus of Fabricated Mortgage Loan Assignments and Unlawful Home Foreclosures. (June 1, 2013). Available at SSRN: http://ssrn.com/abstract=2462778 Who has the legal right to foreclose on your home? More importantly, who doesn’t? Unlawful foreclosures are not just financial crimes against individuals and families. At the eviction stage, they are crimes perpetrated together […]

Lots of Homeowner “Friends of Court” Swinging Into Yvanova Case in California Supreme Court

There have been several amicus curiae briefs filed in the last few days in the Yvanova case, currently pending before the California Supreme Court on Glaski-type issues of a borrower’s ability to challenge the foreclosing party’s authority, whether it came from a bad assignment, or from a hallucination from the Dalai Lama. California Attorney General FINAL-Amicus […]

Department of Justice Investigates Deutsche Bank for False Documents Presented to Court in Bankruptcy Foreclosure Case

This was reported by Reuters, in an article entitled US investigates Deutsche Bank in foreclosure case.  Excerpt below but read the whole case at the link (prior): NEW YORK, Jan 28 (Reuters) – A branch of the U.S. Department of Justice is investigating whether Deutsche Bank (DBKGn.DE) filed false documents and attempted to mislead a bankruptcyjudge […]