Thursday - September 6, 2012 - ForeclosureGate Gazette

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Thursday - September 6, 2012 - ForeclosureGate Gazette

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THURSDAY, SEPTEMBER 6, 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

Why No Prosecutions The usual statutes of limitations have or will shortly expire, but not those under FIRREA (for frauds that affect federally insured banks), which are 10-years long. So there is still theoretically the possibility of prosecutions (and remember that Mozilo's deal, for example, was with the SEC, not with the states...). But don't count on it happening….

Lynn Szymoniak: "Exposing Massive Home Foreclosure Fraud" Lynn Szymoniak, nationally prominent attorney and whistleblower, opens our new season on Sunday, September 9th. She will speak on “Exposing Massive Home Foreclosure Fraud.” Featured in a recent award-winning story on CBS TV’s “Sixty Minutes,” Syzmoniak will discuss the continuing battle for the rights….

Phil Angelides urges tougher criminal probe into financial crisis "Restoring that faith will require bringing a renewed sense of urgency to the mortgage securities fraud investigation, and a willingness to follow the evidence wherever it leads — even to criminal prosecutions of bank executives and mortgage lenders of any size," Angelides, the former California state treasurer, wrote….

A Look at the Housing Plank of the GOP Platform The second paragraph shakes its head at the housing collapse, obviously without mentioning who was in charge when the bubble inflated and then burst. It plausibly points out that “the response of the current Administration has done little to improve, and much to worsen, the situation,” though it claims that the Administration has done so in part by “discouraging private ….

Notice of Massachusetts Statute Requiring Commercially Reasonable Loan Modifications I write to inform you of the new Massachusetts law requiring all creditors, including Fannie Mae and Freddie Mac, to take commercially reasonable steps to avoid foreclosure upon certain mortgage loans. We also continue to urge you to reconsider FHFA's refusal to engage in principal reductions for struggling homeowners. On August 3, 2012, Governor Deval Patric nreasonable….

The 49 State Attorney Signing/Foreclosure Sellout

General

Robo

CT Woman Sentenced To 8 Years In Federal Prison For Investor Fraud “Brass targeted her Ponzi scheme at elderly or ailing, hardworking citizens down on their luck,” said Christy Romero, Special Inspector General at SIGTARP. “This included a victim of a serious car accident, a 75 year old mother grieving for her daughter, and a couple who lost its nest egg in the financial crisis. Brass threatened her victims and correctly predicted that she would go to jail….

Well, it’s actually much, much worse than even I screamed about then. My arguments after it was released were that the $25 billion settlement number was way too low given all the wrong that was done. Keep in mind, the settlement was not really about robo signing…no, the settlement came because the banks engaged in MASSIVE INSURANCE FRAUD…

Here's Why Homebuyers Don't Stand A Chance At Foreclosure Auctions Hundreds of potential home buyers were furious earlier this month when a millionaire yacht dealer swept up 650 tax foreclosed homesat an auction in Detroit. To be honest, they never stood a chance. Real estate investors are enemy No. 1 to potential homebuyers these days. Willing to pay in cash up front and take just about any property on the market if they think it'll turn a profit later….

Foreclosures push vacancy, homeownership in opposite directions Since boom turned to bust in 2006-07, the housing vacancy rate has skyrocketed to levels not seen since the Great Depression. With the rise in the number of vacant dwellings came a decline in the homeownership rate, which peaked at 69.2 percent in June 2004 and tumbled to a 15year low of 65.4 percent in the first quarter of 2012, according to the Census Bureau….

>>>>>>> ‘Mortgage Seizure Via Eminent Domain For Community Stabilization’ Debate And News Updated Daily http://paper.li/EmDomainDebate/1342319964

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