Thursday - October 11, 2012 - ForeclosureGate Gazette
Content
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 Associate Deputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon Leibowitz yesterday announced the results of the Distressed Homeowner Initiative, the first-ever nationwide effort to target fraud schemes that prey upon suffering homeowners. The yearlong initiative, launched by the FBI….
Is Housing Recovering as Much as Everyone Thinks? "Recoveries, with attendant price increases, were anticipated in the spring and summer of 2009, 2010 and 2011; by the fall and winter the predictions of price changes were amended to reflect further price declines. In actuality, after netting out the seasonal factors, home prices have been little changed in the past few years."
What You Should Know about Independent Foreclosure Review: Call-in Session Details about the independent foreclosure review (IFR) process and related information for potentially eligible borrowers are the focus of an upcoming audio conference led by Federal Reserve and Office of Comptroller of the Currency staff. Join community development practitioners, housing counselors, and legal aid attorneys from across the country at 3 p.m. ET on Tuesday….
Resetting the Market: Ireland’s Plan for Mass Mortgage Write-Downs The Irish housing market is in a painful state. Prices are 50% below the peak (not that a bubble peak should be the goal), and over half of all mortgages in the country are underwater. Over 1/4 of Irish mortgage debt stands in default. Now, years later, the Irish government has resigned themselves to do what every country with a housing collapse ought to do – reset the market….
Suspicious Activity Reports (SARs)Regarding Foreclosure Rescue Scams Increase Suspicious activity reports (SARs) regarding foreclosure rescue scams continued to grow in the first half of 2012, even as the total number of SARs indicating mortgage loan fraud (MLF) declined, the Financial Crimes Enforcement Network (FinCEN) announced today in its latest Mortgage Loan Fraud Update. This update to FinCEN's prior MLF reports looks at SAR filings from April through June 2012 (2012 Q2)….
Battle Looms Over U.S. Mortgage Relief Plan The mayor of Hesparia, California, Russ Blewett, acknowledges the irony in his support of a plan calling for the government seizure of mortgages from homeowners in his town of 90,000 high in the Mojave Desert. “I’m more conservative than Attila the Hun,” said Blewett, a former real estate developer, who describes himself as a hardened individualist who rarely advocates for more government in citizens’ lives….
About-Face for Bankers’ New Lobbyist “I went to Wall Street and told them to get their snout out of the trough because they are some of the worst offenders when it comes to bailouts and carve-outs and special deals.” That was Tim Pawlenty, the former Republican governor of Minnesota, just over a year ago while running for president, railing against big banks. So what’s he up to now? Last week, he was named president of the Financial Services Roundtable….
The Housing Market: Have We Finally Hit Bottom? After five years of plunging prices and spiraling foreclosures, maybe, just maybe, the bubble's stopped bursting. Home prices are beginning to rebound in many parts of the country. Recent reports show fewer foreclosures in several hardhit states. There's a very long way to go to get to language like robust and sustained....
Attorney John Long – State of Washington Foreclosure Better for Homeowners Recently, there have been three significant developments in Washington, two from the State Supreme Court, and one having to do with the state’s mediation program. And all three fell in favor of homeowners, which is a refreshing change. In Bain v. Metropolitan, the State Supreme Court dealt a blow to the MERS way….
>>>>>>> ‘Mortgage Seizure Via Eminent Domain For Community Stabilization’ Debate And News Updated Daily http://paper.li/EmDomainDebate/1342319964
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 Associate Deputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon Leibowitz yesterday announced the results of the Distressed Homeowner Initiative, the first-ever nationwide effort to target fraud schemes that prey upon suffering homeowners. The yearlong initiative, launched by the FBI….
Is Housing Recovering as Much as Everyone Thinks? "Recoveries, with attendant price increases, were anticipated in the spring and summer of 2009, 2010 and 2011; by the fall and winter the predictions of price changes were amended to reflect further price declines. In actuality, after netting out the seasonal factors, home prices have been little changed in the past few years."
What You Should Know about Independent Foreclosure Review: Call-in Session Details about the independent foreclosure review (IFR) process and related information for potentially eligible borrowers are the focus of an upcoming audio conference led by Federal Reserve and Office of Comptroller of the Currency staff. Join community development practitioners, housing counselors, and legal aid attorneys from across the country at 3 p.m. ET on Tuesday….
Resetting the Market: Ireland’s Plan for Mass Mortgage Write-Downs The Irish housing market is in a painful state. Prices are 50% below the peak (not that a bubble peak should be the goal), and over half of all mortgages in the country are underwater. Over 1/4 of Irish mortgage debt stands in default. Now, years later, the Irish government has resigned themselves to do what every country with a housing collapse ought to do – reset the market….
Suspicious Activity Reports (SARs)Regarding Foreclosure Rescue Scams Increase Suspicious activity reports (SARs) regarding foreclosure rescue scams continued to grow in the first half of 2012, even as the total number of SARs indicating mortgage loan fraud (MLF) declined, the Financial Crimes Enforcement Network (FinCEN) announced today in its latest Mortgage Loan Fraud Update. This update to FinCEN's prior MLF reports looks at SAR filings from April through June 2012 (2012 Q2)….
Battle Looms Over U.S. Mortgage Relief Plan The mayor of Hesparia, California, Russ Blewett, acknowledges the irony in his support of a plan calling for the government seizure of mortgages from homeowners in his town of 90,000 high in the Mojave Desert. “I’m more conservative than Attila the Hun,” said Blewett, a former real estate developer, who describes himself as a hardened individualist who rarely advocates for more government in citizens’ lives….
About-Face for Bankers’ New Lobbyist “I went to Wall Street and told them to get their snout out of the trough because they are some of the worst offenders when it comes to bailouts and carve-outs and special deals.” That was Tim Pawlenty, the former Republican governor of Minnesota, just over a year ago while running for president, railing against big banks. So what’s he up to now? Last week, he was named president of the Financial Services Roundtable….
The Housing Market: Have We Finally Hit Bottom? After five years of plunging prices and spiraling foreclosures, maybe, just maybe, the bubble's stopped bursting. Home prices are beginning to rebound in many parts of the country. Recent reports show fewer foreclosures in several hardhit states. There's a very long way to go to get to language like robust and sustained....
Attorney John Long – State of Washington Foreclosure Better for Homeowners Recently, there have been three significant developments in Washington, two from the State Supreme Court, and one having to do with the state’s mediation program. And all three fell in favor of homeowners, which is a refreshing change. In Bain v. Metropolitan, the State Supreme Court dealt a blow to the MERS way….
>>>>>>> ‘Mortgage Seizure Via Eminent Domain For Community Stabilization’ Debate And News Updated Daily http://paper.li/EmDomainDebate/1342319964
