Employees and customers at one JPMorgan branch office in El Paso, Texas, may be sitting on the floor tomorrow if JPMorgan doesn’t pay the attorney fees for an eviction case the banks lost.

One of the common signatures of mortgage fraud is when you have more than one vulture circling the decaying odor of a single foreclosure. Throw in a court judgment in favor of the homeowner, and the vultures toss the…

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Added by Ace on January 26, 2011 at 10:13pm — No Comments

Inspector general: Mortgage modification program a 'failure'...

WASHINGTON — A mortgage modification program aimed at saving homeowners from foreclosure has failed because regulators are "afraid to rein in or impose penalties on the mortgage servicers" whose record "has been nothing short of abysmal," the program's watchdog told Congress Wednesday.

As a result, some House Republicans moved to scrap the 2-year-old program.

Neil Barofsky, the…

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Added by Ace on January 26, 2011 at 10:10pm — No Comments

Foreclosure News 1/26/2011

Protecting American Taxpayers: Significant Accomplishments and Ongoing Challenges in the Fight Against Fraud”...

http://judiciary.senate.gov/hearings/hearing.cfm?id=4953

And the Webcast here...…

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Added by Ace on January 26, 2011 at 7:00pm — No Comments

Foreclosure News, 1/25/2010

Irishman Tells it like it IS...

http://www.youtube.com/watch?v=koY6kXhQDQo

Orange County Choppers in Foreclosure...

http://www.recordonline.com/apps/pbcs.dll/article?AID=/20101118/BIZ/11180319

Appraisals: The New Deal Breaker in Real Estate...…

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Added by Ace on January 25, 2011 at 8:48pm — No Comments

Are you a homeowner whose bank...

Are you a homeowner whose bank abruptly dropped its foreclosure action rather than go to trial?

The News-Press is doing a story and would like to hear from you.

Please call staff writer Dick Hogan at 239-335-0432 or e-mail him at dhogan@news-press.com.

Please leave your name and a phone number where you can be reached.

Added by Ace on January 24, 2011 at 4:50pm — No Comments

Foreclosure News

Treasury Blocks Legal Aid for Homeowners Facing Foreclosure...

http://www.thenation.com/blog/156973/treasury-blocks-legal-aid-homeowners-facing-foreclosure

Fed Abandons Plan to Curb Borrower Rights to Rescind Mortgages...…

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Added by Ace on January 24, 2011 at 12:02pm — No Comments

MA Foreclosure Defense Meeting...

Foreclosure Defense Meeting

Location:

Everyday Health

99 Crescent Street,

Newton, MA, 02466

SATURDAY February 5, 2011, 1-3 p.m.

“Be…

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Added by Ace on January 24, 2011 at 12:00pm — No Comments

MERS president and CEO R.K. Arnold Retires...

Saturday, January 22nd, 2011, 7:35 pm

Mortgage Electronic Registration Systems has officially announced the retirement of President and CEO R.K. Arnold, with Paul Bognanno serving as interim President and CEO until a replacement is named.

MERS had no comment Friday when asked if Arnold was leaving.

Arnold joined the company at its inception nearly 15 years ago in 1996. MERS is a registry of home ownership and other mortgage rights for more than half of all… Continue

Added by Ace on January 23, 2011 at 10:21pm — No Comments

TOO Big To Jail? HA...Not in Iceland anyway

Iceland’s special prosecutor into the banking crisis has confirmed that raids have taken place today and that arrests have been made. The Central Bank of Iceland is among the institutions under investigation.

Special Prosecutor, Olafur Thor Hauksson told Visir.is that house searches are taking place in at least three places today as part of investigations into the central bank, MP Bank and Straumur Bank.

Read more:… Continue

Added by Ace on January 23, 2011 at 6:09pm — No Comments