MONDAY, NOVEMBER 25, 2013

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The ForeclosureGate Gazette Is A Public Service Aggregate Of Foreclosure-Related News And Information Intended To Educate And Advance Justice For American Homeowners

Securitization, Foreclosure, and the Uncertainty of Mortgage Title The mortgage foreclosure crisis raises legal questions as important as its economic impact. Questions that were straightforward and uncontroversial a generation ago today threaten the stability of a $13 trillion mortgage market: Who has standing to foreclose? If a foreclosure was done improperly, what is the effect? And what is the proper legal method for transferring mortgages? These questions implicate the clarity of title for property nationwide and pose a too- big-to-fail problem for the courts.

Late Breaking Foreclosure Information At Foreclosure Crime Scene News >>>>

Ousted Fannie Mae CFO Tells His Side of the Story An overhaul of Fannie Mae and Freddie Mac continues to draw chatter in Washington, prompting a number of people to break long-held silence on the legacy of the governmentsponsored enterprises. Can Eminent Domain Be Used to Avert a Foreclosure Mess? This California City Thinks So Morris LeGrande believes that, sooner or later, the bank's going to come for his house. The 57-yearold jazz musician lives in the largely AfricanAmerican Park Plaza neighborhood of Richmond..

JPMorgan Settlement Complicated Washington Mutual: Sources

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Wells Fargo is accused of bogging down mortgage modifications Wells Fargo & Co. subjects borrowers seeking mortgage modifications to "Kafkaesque delays and obstructions," in violation of last year's $25billion national mortgage settlement, New York Atty. Gen Eric Schneiderman said in a federal.

JPMorgan Chase & Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the Federal Deposit Insurance Corp over responsibility for losses at the former Washington Mutual Inc.

Florida foreclosure king is a scapegoat, attorney says at hearing It was the first day of a Florida Bar trial pursuing 17 complaints against attorney David J. Stern, whose Plantation-based company the largest so-called foreclosure mill in the state.

Nevada back in the hole of foreclosures Signs of "foreclosure" and "owned by bank" are still common throughout Sin City, and some parts of Nevada, as the silver state is once again taking the lead as the nation's highest in foreclosures.

QM and Nonjudicial Foreclosures The Dodd-Frank Act provides that failure to verify a borrower's ability to pay on a home mortgage entitles the borrower to a "asset a violation...as a matter of defense by recoupment or set off". 15 USC 1640(k). It's not clear me how this provision will play out in the context of nonjudicial foreclosures.

Homeowner/Foreclosure Q&A:
What are my options if soon to be ex-husband doesn't want to save the home from foreclosure?>>>> Do I have 30 days to Answer after publication as service?>>>> Can a mortgage company and foreclosure atty be sued?>>>> Cost of reopening a foreclosure>>>>

More Foreclosure News:

LinkZ: More September 2013 Foreclosure Related News, Worth A Peek>>>> Using Eminent Domain to Rescue Main Street>>>> Druckenmiller: Fed robbing poor to pay rich>>>> CFPB Examiners Find Mortgage Servicing Business Remains a Sewer>>>>