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ForeclosureGate.org Is A Public Service Homeowner Coalition and Cooperative, Created To Exchange News And Information And To Advance Justice For American Homeowners

NY Supreme Court, HSH Vs. Barclays, Consolidated Complaint Page 5: 3. Through investigation of a large sample of publicly recorded mortgage documents, Plaintiffs have discovered that more than 99% of the mortgages in each of the three Securitizations were improperly or never assigned. In particular, many of these mortgages remain in the name of the loans originator or its nominee, and have never been assigned to the Trusts. While others were purportedly assigned to the Trusts, this was long after the securities were issued, contrary to the representations in the Offering Documents. Similarly, the promissory notes were not properly assigned in approximately 81.9% of the sampled loans.

NJ Assembly Schedules Wed Hearing on Christie Failure to Help More Families Facing Foreclosure Two Assembly committees will meet jointly on Wednesday to examine the Christie administrations failure to help more families facing foreclosure. New Jersey has the nations second highest foreclosure rate, but questions have been raised about the inability of the Christie administration to help out more families with $300 million in federal foreclosure aid given to the state. Officers Of AZ Mortgage Originator Plead Guilty To $27 Million Fraud Against TARP Recipient Powers, McMaster, and their alleged coconspirator took advantage of BNC National Bank receiving $20 million in TARP funds to defraud BNC out of more than $27 million in a scheme engineered to cover their losses from the downturn in the housing market, said Special Inspector General Romero. They used BNC as their personal piggy bank, and the bank was unable to pay millions of dollars in TARP.

Federal Program Offers Foreclosure Help NASHVILLE, Tenn. (AP) - The federal Making Home Affordable Program will be offering free help for homeowners who are at risk of foreclosure. The event offers homeowners the chance to meet face-to-face with their mortgage company and a counseling agency approved by the U.S. Department of Housing and Urban Development to work on a solution to help them stay in their home. It will take place on Wednesday at the Nashville Convention Center from 1:00 p.m. to 8:00 p.m. Eminent Domain of Mortgage Securities: The Other Side In our continuing coverage of Mortgage Resolution Partners (MRP) effort to facilitate local governments use of eminent domain to stem the mortgage crisis, today we present the other side specifically, the comments submitted to the Federal Housing Finance Agency (FHFA) by the American Securitization Forum (ASF) on September 7. The ASF is a professional forum with over 330 members, including issuers, investors, servicers, ratings agencies, and other

Foreclosure crisis caused by "bubble fever" not lack of data The foreclosure crisis was not the result of exploding option ARMs, poor housing policies or a lack of data. Instead, Paul Willen, senior economist and policy advisor for the Federal Reserve Bank of Boston, blames it on a type of bubble fever that infected borrowers and financial institutions alike.

FHFA proposes framework for new GSE securitization platform The Federal Housing Finance Agency proposed a framework for a common securitization platform and a model pooling and servicing agreement. The agency is seeking input from the public until The plan, originally announced in Dec. 3. February, is intended to repair the nation's mortgage finance space.

Fighting Off Foreclosure: One Woman's Three-Year Ordeal When even a single home goes into foreclosure, the effects can be far reaching. In the case of Dee, when she faced foreclosure on her home in Prince George's County, Maryland, the potential hardship extended well beyond her immediate family. Dee's home not only shelters some of her six children and occasionally her four grandchildren, but is also a place of refuge for neighbors, friends, and sometimes complete strangers who need a roof over their heads.
>>>>>>> Mortgage Seizure Via Eminent Domain For Community Stabilization Debate And News Updated Daily http://paper.li/EmDomainDebate/1342319964