Mortgage Lenders News

GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation

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This 23 minute presentation reviews the current debt situation in the US federal government alone. It does not address the local and state government debt situation. The source of the data is the United States Congressional Budget Office FY 2011 report.

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Lenders Broaden Clampdown on Risky Mortgages Tightening Standards Could Worsen Slump In the Housing Market By JAMES R. HAGERTY and RUTH SIMON August 3, 2007; Page A3 Jittery home-

Fla. Court (11th Jud Cir) Holds Borrower’s Heir Could Raise Statute of Limitations Defense in Foreclosure | Lexology The Court of Appeals for the Federal Circuit was created to provide much-needed clarity and consistency to the nation’s patent law. In prior decades, the law had. By Judge Paul Michel

As we pointed out last week, a certain judge in Florida set quite a precedent when he found that JPM, as servicer for a Fannie mortgage, had committed court fraud by foreclosing while not in possession of the actual mortgage.We then concluded that "The implications for the REO and foreclosures track for banks could be dire as a result of this ruling, as this could severely impact the ongoing.

Florida Judge Reverses His own summary judgment order! reply Foreclosure Fraud of the Week – Two "Original" Wet Ink Notes Submitted in the Same Case by the Florida Default Law Group and JPMorgan Chase Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowledge says:

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A mortgage loan is typically assigned several times during its term, and may be held by one entity but serviced by another. Different disclosure requirements apply depending upon whether information is sought about the ownership of the mortgage loan or its servicing. Knowing exactly who owns and services the mortgage is a critical first step to negotiating a binding workout or loan modification.

GMAC Halts All Foreclosures In 23 States On Heels Of Florida Judge Finding JPM Committed Court Fraud In Mortgage Misappropriation | zero hedge Submitted by Tyler Durden on 09/20/2010 08:39 -0500 Ally Bank

On the suspension of foreclosures,Yves over at Naked Capitalism points out that another complication of the sloppy paper work involved in the sub-prime mortgage mess is that many purchasers of repos will find themselves buying a house, not knowing if the title is really clear.

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