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SEC Hits Ex-Fannie, Freddie Execs With Fraud Suits. Twitter Facebook LinkedIn By Evan Weinberger Law360, New York (December 16, 2011, 11:53 AM ET) -- Former executives of Fannie Mae and Freddie Mac facing fraud suits filed Friday by the U.S. Securities and Exchange Commission will seek to prove that the mortgage giants’ subprime risk disclosures were robust enough that investors could properly evaluate them — but that could be a tall order, attorneys say.

In a pair of lawsuits filed in federal court in Manhattan, the SEC alleges that former Fannie Mae CEO Daniel H. Mudd and former Freddie Mac CEO Richard F. Syron underreported the number of subprime mortgages... To view the full article, take a free trial now. Lane Guide | Product Gallery. Housing Counseling. Foreclosure Prevention Resource Center. People may face foreclosure for many reasons. Extreme changes in life situations — job loss, death, divorce, prolonged illness and many others — or because they must immediately relocate. Foreclosure can occur when payments become three to four or more months late, depending on the mortgage terms. In most cases even if the bank is able to sell the property, the borrower may have to pay for any difference between the remaining balance on the loan and the sales price of the property at foreclosure, depending on the mortgage terms and state law.

Foreclosure stays on a credit report for seven to 10 years. It's important to note that no one benefits from a foreclosure and mortgage servicers are doing everything they can to help borrowers who want to stay in their homes and have the means to pay their mortgage. As you may know, the Obama Administration has enacted a program to help homeowners who are having difficulty making their mortgage payments. And beware of foreclosure scams. Judicial and non-judicial foreclosures « Foreclosure Victims’ Blog — Foreclosure Law. Foreclosure is considered a civil issue, because it is basically a contract dispute. But with most contract disputes, both parties are considered innocent until proven guilty, not so in Foreclosures — especially in non-judicial states such as Oregon. And in most civil contract disputes, there are no innocent victims. This story focuses on a dangerous practice, that is all to commonly employed the effort to accelerate a sale in a non-judicial mortgage resolution, and seemingly a patterns in practice which one hopes will serve as a wake up call to consider legal reforms.

In non-judicial foreclosure states, such as Oregon, the lender does NOT need to go to court to take possession and sell the home to be foreclosed. Think of the possible ramifications: 1. 2. In our story, the LPS company sent a person to drill out and re-key the locks on a family’s primary residence when they were in loan modification application status with WAMU the very early stages of foreclosure.

Free Foreclosure Lawyer, Hope for Homeowners, Obama's Loan Modification: the real story! List of Foreclosure Law Firms Linked to Robo-Signing « Foreclosure Victims’ Blog — Foreclosure Law. If your foreclosure involves a law firm whose name is on the list below, then there is a good chance that many fraudulent practices were employed. Thanks to the NATIONAL WAMU HOMEOWNERS SUPPORT GROUP for the tireless efforts to help foreclosure victims prevent the big banks from stealing their homes.

The attorneys on the list that follows were doing business with now-notorious fraudulent, robo-signing affidavit mill Lender Processing Services (f/k/a as Fidelity National Foreclosure Solutions and several other names) out of Mendota Heights, MN and Jacksonville, FL, during the fall of ‘06 and fall of ‘07. It is reasonable to imagine that, if the WAMU attorneys were using a firm that celebrated its robo-signing procedures and practices to the extent that they actually published an article detailing the process, there is a good chance that many of their foreclosure filings are rife with fraud.

So, cast your eyes over this list. Go get ‘em. Liz in Sarasota No state: Alaska Trustee, LLC Scott J. Trustees and Posting Companies. Trustees will process your foreclosure, posting companies handle the posting, legal publication and auctioning. This is not an all inclusive list, but does include many companies with an internet presence. Trustees listed first, Posting companies listed second. A network of Trustees and foreclosure attorneys throughout the U.S. Use the member directory to search by state. Specializing in San Luis Obispo County, CA trustee sales and posting.We are Certified Trustee Sale Officers with years of Experience and can provide service throughout the State of California.

Commercial and residential foreclosures and related services in Arizona, California, Nevada and Idaho. We know that a defaulted loan ties up your capital. FCI has an excellent reputation for processing foreclosures efficiently and professionally. First American LoanStar Trustee Services provides a complete suite of foreclosure trustee services to assist with each case and individual client. Some forms and links. Future of Real Estate Marketing. Real Estate News for Realtors and Brokers. California Civil Code Section 2923.5. Legal Research Home > California Laws > Civil Code > California Civil Code Section 2923.5 2923.5.

(a) (1) A mortgage servicer, mortgagee, trustee, beneficiary, or authorized agent may not record a notice of default pursuant to Section 2924 until both of the following: (A) Either 30 days after initial contact is made as required by paragraph (2) or 30 days after satisfying the due diligence requirements as described in subdivision (e). (B) The mortgage servicer complies with paragraph (1) of subdivision (a) of Section 2924.18, if the borrower has provided a complete application as defined in subdivision (d) of Section 2924.18. (2) A mortgage servicer shall contact the borrower in person or by telephone in order to assess the borrower's financial situation and explore options for the borrower to avoid foreclosure. Section: Speak with a Lawyer in California Ask a quick legal question online. Blog. Claim of "Wrongful Foreclosure" Takes a Rightful Hit in the Court of Appeal – Martindale. March 14, 2011 Previously published on March 9, 2011 The economic downturn of the past three years has spawned a cottage industry of lawsuits against banks and other lienholders for “wrongful foreclosure.”

Property owners are struggling to come up with legal grounds to push back against foreclosures, and creative lawyers have been able to come through with various theories typically based on technical deficiencies in the notices, improper party standing, and other attacks. The legal reports of court filings regularly list new suits grouped under this generic heading -- “wrongful foreclosure” -- as if the exercise of contractual lien rights is itself a civil wrong that demands compensation.

Of course it is not, and lienholders are within their contractual rights in foreclosing on security upon default. Federal courts are inundated with the claims, too. At issue in Gomes is the role of Mortgage Electronic Registration Systems, Inc. The Court of Appeal agreed. 1 Foster v. RESPA TILA training classes. Top Headlines. Taking client funds may lead to an online warning The State Bar’s chief prosecutor has proposed placing a consumer alert on an attorney’s online profile page if he or she is charged with major misappropriation — taking more than $25,000 from one or more clients.

The board of governors will consider seeking input on the proposal. Harsh words for court case management system The State Auditor says the court case management system (CCMS) has been plagued by mismanagement and put its price tag at $1.9 billion. How to reconfigure the board of governors A task force will address three proposals to change how the State Bar is governed. Beware of online scams The State Bar’s ethics committee issues an alert warning lawyers to be careful of seemingly legitimate online solicitations from prospective clients.

Fresno lawyers mourn the violent death of one of their own Divorce attorney Judith Soley and a client were shot by the client’s estranged husband during a break in court proceedings. Three plans to reform bar governance are on the table. By Nancy McCarthyStaff Writer Dueling proposals to reorganize the State Bar Board of Governors, ranging from shrinking the numbers to changing the selection process to adding more public members, will be under consideration early this month as a task force wrestles with a legislative mandate to enhance the bar’s public protection efforts. President Bill Hebert recommended eliminating six of 17 lawyer seats on the board and appointment of attorney members by the Supreme Court, a change that would mean California lawyers would no longer elect other lawyers to regulate them. No seats would be reserved for constituent groups, such as young lawyers, and appointment of the public members by the governor and the legislature would remain unchanged.

Board members Jon Streeter of San Francisco and Angela Davis of Los Angeles floated a “hybrid” proposal to leave the board with its current 23 members, but 13 of 16 lawyers would be elected and three would be appointed by the Supreme Court. Securitization Litigation & The Foreclosure Crisis: What’s on the Horizon? - Short Sale Specialist Network. Securitization Litigation & The Foreclosure Crisis: What’s on the Horizon? “Securitization” refers to the process where cash flows from loans are pooled, underwritten and resold by investment banks on Wall Street to investors all over the world. The sharp increase in securitization by all major lenders between 2003 and 2007, flooded the market with financing and was a primary cause of the real estate bubble. Properly executed, securitization involves several complex transactions between loan originators, sponsors, depositors and securitization trustees.

Beginning in October 2010, it has become increasingly apparent that, in the rush to generate fees, the financial parties involved in the securitization chain of transfers often cut corners, failed to comply with important contracts and regulations and circumvented fundamental requirements of longstanding property law. Nation's Only Forensic Loan Auditor Certification Class 03/17 - 03/20, San Diego, CA - portland, oregon real estate services - wweek.com.

Forensic Loan Auditor Certification Training by Forensic Audit Experts [CFLA] See Our Upcoming Classes Certified Forensic Loan Auditors, LLC. has created a comprehensive certification training program entitled: "Certified Forensic Loan Auditors (CFLA)—A 24-hour in-person intensive seminar held across the country. " This is a professional development 'how-to' training, and does not imply any State or Federal Government affiliation. Certified Forensic Loan Auditors, LLC., located at 13101 W. CFLA brings accountability, trust, intelligence and integrity to all parties involved in the mortgage loan audit process. Click here to view the CFLA Code of Ethics CFLA's Certification Program and Training provides the peace of mind that your credentials are accurately highlighted and recognized. Program Information This is a comprehensive 24-hr training course to get you certified as a "Forensic Loan Auditor".

What is a Forensic Loan Auditor? Sample Material Covered in Training Objectives Major Topics Designed For... Registration Pricing $2,995.00 for the 24 hr course. Testimonials. The Foreclosure Academy - Foreclosure Training. False Affidavits in Foreclosure Actions Affordable, Experienced Legal Representation by Attorney with Ivy League Training - Antitrust and Other Commercial Litigation for Plaintiffs or Defendants in Federal or State Courts. Filings of False Affidavits - Fraud on the Court; Criminal; the Problem Discussed Starting in September, 2010, the nation's press has been publishing news stories about the fraudulent filings of perhaps millions of mortgage foreclosures by Bank of America, JPMorgan Chase, GMAC, Ally Financial, Countrwide, Wells Fargo and others.

To start an action, and especially a foreclosure action, the bank and its lawyers are required to review the documents upon which the action is based and (as to foreclosure actions) swear in an affidavit that various conditions have been met, and that the person signing the required affidavit has reviewed the documents, among other things. Instead of having someone do this tedious work, which could take several hours or longer, especially when documents are missing, the banks and their mortgage servicing companies and assignees have been filing actions with affidavits signed by a robot, falsely swearing to the facts set forth in the affidavit.

Loan Modification Lawyer in California |California Loan Modification, Foreclosure Attorney. The Law Office of Bruce C. Bridgman is a team of Orange County lawyers led by Attorney Bruce C. Bridgman. Mr. Bridgman has more than 30 years of legal experience in his own right, and is experienced in a number of different practice areas. Overall, the firm handles six distinct practice areas: Civil Litigation The firm can assist clients who are facing civil disputes and are considering lawsuits and other legal avenues to accomplish a favorable resolution. Immigration For those considering becoming U.S. citizens, applying for a visa or a related issue that must be processed through U.S. Family Law This area of practice is for those considering a divorce, separation, visitation agreement or a related family legal issue. Bankruptcy The Law Office of Bruce C.

Criminal Defense Aggressive and experienced are two adjectives that accurately define this area of practice. We wrote the book on legal skills and trial readiness! Mr. California Loan Modification Lawyer | Loan Modification, Foreclosure Attorney in California. Wright, Finlay & Zak - Attorneys at Law. Mortgage Banking, Real Estate & Business-Related Legal Representation for CA, NV & AZ. Our attorneys regularly participate in mortgage industry events as speakers, panelist, and moderators. Several of our attorneys have had the honor of acting as board members and/or officers of national, state, and local organizations. Recent events include: In-House MCLE Training “MSJ: Current Statutory and Case Law”Charles C.

McKenna, Presenter May 11, 2011 American Home Mortgage Servicing, Inc. Wells Fargo Home Mortgage Client Education Event “The Civil Litigation Timeline: a nuts and bolts guide to the litigation process”T. In- House MCLE Training “Abstract Judgments – A Concrete Discussion”William J. California Land and Title Association Industry Education Event “Short Sale Webinar”Jonathan M. In-House MCLE Training “Post Foreclosure Evictions 101″Madeleine K. In-House MCLE Training “Bankruptcy 101″Nichole L. Saxon Mortgage Services, Inc. American Home Mortgage Servicing, Inc. First American Title Insurance Company Client Education Event “Pitfalls of Short Sale Closings”Jonathan M. Certified Forensic Loan Auditors, LLC - Forensic Audit / Mortgage Audit Litigation. Foreclosure Laws and Procedures By State. Excellent Article Summarizing Many Areas of Foreclosure Litigation. Current Trends in Residential Mortgage Litigation BYLINE: Daniel A. Edelman*; *DANIEL A.

EDELMAN is the founding partner of Edelman & Combs, of Chicago, Illinois, a firm that represents injured consumers in actions against banks, mortgage companies, finance companies, insurance companies, and automobile dealers. Mr. Edelman or his firm represented the consumer in a number of the cases discussed in this article. Borrowers Have Successfully Sued Based on Allegations of Over-escrowing, Unauthorized Charges and Brokers’ Fees, Improper Private Mortgage Insurance Procedures, and Incorrectly Adjusted ARMS. The Author Analyzes Such Lending Practices, and the Litigation They Have Spawned. This article surveys current trends in litigation brought on behalf of residential mortgage borrowers against mortgage originators and servicers.

OVER-ESCROWING In recent years, more than 100 class actions have been brought against mortgage companies complaining about excessive escrow deposit requirements. 1. Foreclosure Litigation and Predatory Lending Litigation. Florida, A Non Judicial Foreclosure State? Well..... :: Alabama Consumer Law Blog. Institute for Foreclosure Legal Assistance. Using the Courts to Fight a California or Other Non-Judicial Foreclosure - 3-Stage Analysis Mortgage Foreclosure Defenses - Possible Ways to Save Your Home from Foreclosure.