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Foreclosure Freeze: Did the Banks Lie on Their Foreclosure Affidavits? Hundreds of thousands of foreclosures are in jeopardy as a national foreclosure freeze takes hold. Today, Attorneys General in 50 states announced a joint investigation into whether the foreclosure robo-signers actually read the underlying foreclosure documents to make sure they were correct – as they swore in their affidavits.
Banks and foreclosure defense attorneys disagree on whether errors. and lack of due diligence caused people to face wrongful foreclosures.
FHFA: Mortgage rates continue to climb FHFA: Fannie, Freddie will not require another bailout Fannie Mae & Freddie Mac FHFA is responsible for ensuring that Fannie Mae and Freddie Mac operate in a safe and sound manner. This is done through prudential supervision and regulation. Examination. FHFA’s annual examination program assesses Fannie Mae’s and Freddie Mac’s financial safety and soundness and overall risk management practices.The government-sponsored enterprises are going through a transition period. From proposals for rebuilding their capital cushions to tackling shortages in affordable housing, Fannie Mae and Freddie Mac face a number of key challenges with wide-ranging consequences this year.JP Morgan’s Dimon: Prime Mortgages Look Terrible We recently talked about Bank of America (NYSE:BAC) in this article, and now we’d like to take a look. Like WFC, JP Morgan Chase (NYSE:JPM) hasn’t fared too poorly in the past 12 months. This can.
FRAUD, NOT MISTAKES AND ERRORS, HAVE PERMEATED THE FORECLOSURE PROCESS IN AMERICA When judges begin ordering the accounting and financial books and records of the.
Improper foreclosure affidavit lead to sanctions by bankruptcy court for LPS The U.S. Bankruptcy Court for the Eastern District of Louisiana will sanction Lender Processing Services (LPS: 31.19 -0.89%) after an employee at the firm was found to have improperly signed a court affidavit that put a nondefaulted borrower in line for foreclosure.
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Errors are being made in the process that lead lenders to foreclose on homes.. They stare at computer screens and prepare sworn affidavits that are used by. and sanctions for improper and fraudulent foreclosure documents. Fourteen mortgage-related firms, including Wells Fargo, LPS and MERS,
PIMCO’s Gross: How to Solve Housing Riddle Anyone’s Guess Fed lays out rules for banks to rent REOs Foreclosure mess exposes the rot from within Hatteras Financial acquires Pingora Asset Management Hatteras Is Driving Me Mad – You may recall that I had substantial concerns over Hatteras Financial’s ability (nyse. hatteras’ portfolio position set them up for this failure given the way management was betting. It hurts, but.