Tuesday, November 30, 2010

Red Flags Raised Over Consumer Protection Bureau's Funding Method http://ping.fm/4aKDS
S&P/Case-Shiller: Deceleration of Home Price Recovery Confirmed http://ping.fm/fi3rk

Monday, November 29, 2010

Couple pull signs after mortgage battle http://ping.fm/mXUXM
West Brighton woman says Bank of America 'turned the tables' on loan modification | SILive.com http://ping.fm/W2LsQ
Become certified as a Forensic Loan Auditor. Training Course in Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
Banks accused of misleading owners | The Columbus Dispatch http://ping.fm/3vgDr
What Happened to the Government’s Short Sales Program? - Developments - WSJ http://ping.fm/brZaM
Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8

Friday, November 26, 2010

Americans Less Certain the Housing Market Has Bottomed http://ping.fm/RB1by
Reduced Loan Loss Provisions Drive Banker Profitability in Q3 http://ping.fm/QA9ew

Wednesday, November 24, 2010

Mortgage-backed securities investors urging deal - Crain's New York Business http://ping.fm/DpJ8Y
Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
Former Iowa mortgage banker indicted on fraud - chicagotribune.com http://ping.fm/kV7fz
San Fernando Valley woman foreclosed on after loan modification rejected | 89.3 KPCC http://ping.fm/QWfOG
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
New Home Sales Fall Unexpectedly In October. Median Prices Plummet http://ping.fm/APtTh
Lawmaker Questions Legal Fees for Ex-Execs at Fannie, Freddie - Washington Wire - WSJ http://ping.fm/pXsRL
Become certified as a Forensic Loan Auditor. Training Course in Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
Foreclosure dropping across Colorado | coloradoan.com | The Coloradoan http://ping.fm/rKM5j
Purchase Applications Up in Latest MBA Survey. Refi Demand Down Again http://ping.fm/QMFd0

Tuesday, November 23, 2010

Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
More workers cut at foreclosure firm - Business - MiamiHerald.com http://ping.fm/RN8W1
Become certified as a Forensic Loan Auditor. Coming to Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
Homeowners sue over alleged foreclosure fraud, seek state help  | ajc.com http://ping.fm/HtjkN
Foreclosure Crisis Strikes World War II Veteran - KTVI http://ping.fm/iiofT
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
Existing Home Sales Decline in October After Two Months of Gains http://ping.fm/CCODM
FHFA Outlines Rules for FHLBank Mergers http://ping.fm/nSuuM

Monday, November 22, 2010

Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
Housing: Percent of Americans likely to rent their next home grows, Fannie Mae survey indicates - latimes.com http://ping.fm/4r7Vo
Foreclosure class actions pile up against banks | SouthCoastToday.com http://ping.fm/n5Rfp

Foreclosure class actions pile up against banks | SouthCoastToday.com

NEW YORK — Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the U.S., threatening a besieged industry with billions more in potential losses.

Bank executives swarmed Capitol Hill last week to defend themselves against multiple foreclosure-related investigations, including one by all 50 state attorneys general. Talks are under way in that probe in hopes of reaching a settlement, but that wouldn't extinguish the mounting threat of an avalanche of class actions.

A congressional watchdog said in a report issued last Tuesday that the foreclosure document debacle could threaten major banks with billions of dollars in losses, further prolong the housing depression and damage the government's effort to keep people in their homes.

From: http://ping.fm/vQJSq
Foreclosure class actions pile up against banks | SouthCoastToday.com http://ping.fm/k2o8g

Foreclosure taking toll on kids

Three years into the mortgage crisis, the public debate over how to stem the unprecedented tide of foreclosures and the damage they are doing to the housing market have largely overshadowed any discussion of the human toll. But researchers have begun to probe what happens to people after they lose their homes and are becoming especially concerned about the harm done to children.

The number of children displaced has been climbing steadily in recent years, with nearly 40 percent of U.S. school districts surveyed citing foreclosure as the top reason for the surge in homeless students, according to a report this summer by First Focus and the National Association for the Education of Homeless Children and Youth.

Children who are forcibly uprooted from their homes and schools tend to suffer emotionally, socially and academically, studies preceding the mortgage meltdown show. Researchers suspect the same may be happening with children who have been dragged through foreclosure and are urgently exploring the consequences.

From: http://ping.fm/B7jDZ
Foreclosure taking toll on kids http://ping.fm/H7Fyw
Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 | 310-432-6304 http://ping.fm/XbmA8
Become certified as a Forensic Loan Auditor. Coming to Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
GSE Loan Limits Unchanged Through Q3 2011 http://ping.fm/pPjlA

Friday, November 19, 2010

Fannie Mae Sees Economy & Mortgage Market Improving http://ping.fm/3V4n2
HAMP Winding Down. Loan Modification Metrics Decline in October http://ping.fm/VSsqv
Fannie Mae Sees Economy & Mortgage Market Improving In 2011-12 http://ping.fm/MGJ21
MBA: Delinquencies Down in All Categories But Subprime ARMs http://ping.fm/306Jj

Thursday, November 18, 2010

Federal Agencies Examining Loan Servicers, MERS, and LPS http://ping.fm/rerNE
FHFA Releases Performance and Accountability Report http://ping.fm/UKxsO

Wednesday, November 17, 2010

Become certified as a Forensic Loan Auditor. Coming to Atlanta, GA -$500 OFF early registration 310-432-6304 http://ping.fm/XbmA8
ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Dec 3-5, 2010 - http://ping.fm/v2Duy
Lenders Face Lawmaker Wrath Over Foreclosures - ABC News http://ping.fm/9469l
Florida's foreclosure courts get harsh look - St. Petersburg Times http://ping.fm/s5Oq9
Housing Starts Down Sharply, Permits Flat in October Census Data http://ping.fm/DbPHo
Mortgage Applications Drop in Holiday Shortened Week http://ping.fm/ke1hF

Tuesday, November 16, 2010

Home Builder Confidence Tempered by Credit Access http://ping.fm/RWwL6
Federal Reserve Governor Speaks on Minimum Capital Reserve Requirements http://ping.fm/BVFag

Monday, November 15, 2010

Foreclosure mess prompts growing number of public officials to slow down process http://ping.fm/lMRvb
Critics say system favors foreclosure over mortgage aid http://ping.fm/ymyRp
Another Fed Governor Calls Servicer System "Misaligned" http://ping.fm/nYJyv
Americans Continue to Reduce Mortgage Debt http://ping.fm/GoM9h

Friday, November 12, 2010

An SPV cannot sell any individual mortgage because the mortgages are not held individually by the certificate holders http://ping.fm/v2Duy
What is a Securitization? In the mortgage securitization process, collateralized securities are issued by... http://ping.fm/v2Duy
The Securitization Audit is a cutting edge product, utilized by successful Attorneys. http://ping.fm/v2Duy
ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Dec 3-5, 2010 - http://ping.fm/v2Duy
Mortgage modification program falls flat in Bay area http://ping.fm/80oKq
Groves couple claims it was deceived by loan modification agreement, sues mortgage company | Southeast Texas Record http://ping.fm/r7S4P
National Media Takes Aim At Jacksonville Foreclosure Court - Local News on wokv.com http://ping.fm/lzQR4
Woman made loan modification; bank sold house | abc7.com http://ping.fm/TGXw9

New District measure requires six-month mediation before foreclosure

This week the District Council approved a measure requiring lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.
This Story

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New District measure requires six-month mediation before foreclosure
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Foreclosure mess prompts growing number of public officials to slow down process
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If you're facing foreclosure in the District, help might be on the way
*
Complete coverage: Foreclosure system in chaos
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An opening for D.C. foreclosure challenges

View All Items in This Story
View Only Top Items in This Story

Mediation allows the borrower and the lender's representative to negotiate, with the guidance of an impartial go-between, over possible alternatives to a foreclosure, such as a loan modification. But neither side can be compelled to agree to a mediated solution.

From: http://ping.fm/PjR00
Bank of America, Merrill, Milan Banks, JPMorgan, UBS, WestLB in Court News - Bloomberg http://ping.fm/0lRy0

Bank of America, Merrill, Milan Banks, JPMorgan, UBS, WestLB in Court News - Bloomberg

Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely” submitted perjured affidavits to support foreclosures. They lost their Knightstown, Indiana, home last year.

The Charlotte, North Carolina-based bank, in papers filed Nov. 10 with U.S. District Judge Jane Magnus-Stinson, said the Davises were improperly using a federal court to attack a state court proceeding and hadn’t shown they were injured.

“While plaintiffs claim they do not seek to overturn the judgment in the foreclosure action, it is clear they are trying to do precisely that,” in violation of federal law, Bank of America told the court.

The Davises didn’t ask the court to reverse their September 2009 foreclosure. They said in their complaint that the use of “robo-signers”, or people who sign affidavits attesting to facts underlying foreclosures without actual knowledge of them, constitutes racketeering.

They seek class-action, or group, status for anyone whose home was taken under such circumstances since October 2006, and compensatory damages, which would be tripled under U.S. racketeering laws.

From: http://ping.fm/rbHLr
Mortgage Interest Tax Deductibility Back in Debate as Congress Looks to Cut Deficit http://ping.fm/7yfwA

Thursday, November 11, 2010

NEW! Mortgage Securitization Auditor Training (24hr course) - Dec 3-5, 2010 - http://ping.fm/v2Duy

ALL NEW! Mortgage Securitization Auditor Training Certification

ALL NEW! Mortgage Securitization Auditor Training Certification


www.certifiedforensicloanauditors.com

From the Nation's most widely recognized and acclaimed "Forensic Loan Auditor Certification Class (32hrs)" we proudly introduce the Nation's Only "Mortgage Securitization Auditor Class (24hrs)"

Program Information

This is a comprehensive 3-day training course to teach you the tools and methodologies to be an accredited "Mortgage Securitization Auditor" (24hrs)

This course will overview securitization and the securitization conveyance chain, introduction to CFLA Securitization Reports, terminology, and borrower documents, SEC Search Techniques, SPV search, document review, MERS search, GSE search, Assignments, Separation of Note/Deed, Substitution of Trustees, Notice of Defaults, Trustee Sales, "The Note Is A Contract"/When original Notes are produced, Auditors as Testifying Experts/Review of court transcripts, HAMP Overview, and much more…

Objectives:

  • Study and learn important topics related to Mortgage Securitization, terminology, and borrower documents, SEC Search Techniques, SPV search, document review, MERS search, GSE search, Assignments, Separation of Note/Deed, Substitution of Trustees, Notice of Defaults, Trustee Sales
  • Receive a Certification as a CFLA-Mortgage Securitization Auditor "MSA", having met all requirements

Requirements:

  • Must promptly attend and be present for a minimum of 24 hours of training.
  • Must satisfactorily pass a criminal background check/ Sex Offender Check [looking mostly for fraud, embezzlement]
  • Must satisfactorily pass the final examination at the end of the course.
  • Major Topics


Overview of securitization and the securitization conveyance chain, introduction to CFLA Securitization Reports, terminology, and borrower documents, SEC Search Techniques, SPV search, document review, MERS search, GSE search, Assignments, Separation of Note/Deed, Substitution of Trustees, Notice of Defaults, Trustee Sales, "The Note Is A Contract"/When original Notes are produced, Auditors as Testifying Experts/Review of court transcripts, HAMP Overview, and much more…

Designed for:

* All professionals in the mortgage, real estate, legal, and finance professions involved in loan modifications, lender litigation, bankruptcy, short sales, or real estate law.
We have trained and certified more than 200 "Forensic Loan Auditors" through our Nationally Recognized "Forensic Loan Auditor Certification Class"
________________________________________

Speakers:

ELIZABETH JACOBSON, CFLA, MSA

Elizabeth Jacobson received her certification as a forensic loan auditor on June 4, 2010, and has been admitted as an Expert Witness in the Circuit Court of Queen Anne's County, Maryland, Circuit Court of Talbot County, Maryland, and as a witness in three other Circuit Courts in Maryland. She served as the Foreclosure Prevention Project Coordinator for Mid Shore Pro Bono in Easton, Maryland, after completing 9 years as a nationally-recognized top loan originator with a national mortgage bank and working since 1985 as a paralegal with American Bar Associated-accredited coursework. For nearly 9 years, Elizabeth was the top originating loan officer in the country for Wells Fargo Home Mortgage, which also was the leading loan servicer. As the Foreclosure Prevention Project Coordinator at Mid Shore Pro Bono, she received training in the HAMP guidelines by Maryland's Department of Housing and Community Development (DHCD). She also received foreclosure defense training by Civil Justice of Baltimore, Maryland. Since 2008 she has provided assistance to Maryland homeowners to modify the terms of their mortgage loans--receiving Special U.S. Congressional Recognition in July 2009.

The Department of Justice, the FBI and the Office of the Comptroller of the Treasury have called upon Elizabeth's knowledge regarding mortgage banking. She has been interviewed by CNN, the BBC and Democracy Now. Elizabeth attended the University of Maryland after obtaining an A.A. degree at Stevenson University.

DOUGLAS RIAN, CFLA, MSA

Douglas received his certification as a forensic loan auditor on June 4, 2010, and has testified in several foreclosure proceedings as an Expert Witness in three Maryland circuit courts, a witness in one Virginia circuit court, and an expert loan auditor in mediation proceedings in one Maryland circuit court. Since 1985, his analysis reports have been published by a premier financial reporting company, Morningstar

ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Dec 3-5, 2010 - http://ping.fm/v2Duy
Industry Organizations Request Delay of TILA-RESPA Integration http://ping.fm/Sawg5
Foreclosure Filings Fall in October. Robogate Fallout Skews Report http://ping.fm/tebcV

Wednesday, November 10, 2010

Last chance registration! - Nation's only forensic loan auditor certification training course-San Diego 310-432-6304 http://ping.fm/XbmA8
FHA Commissioner Announces New Loan Product and Shares Education Resources http://ping.fm/T2o8B
MBA Urges Flexbility in Interpretation of Risk Retention Regs. What Counts as Qualified? http://ping.fm/ROJsH

Tuesday, November 9, 2010

HUD and Realtors Team Up to Create Home Buying Video Guide http://ping.fm/8Ac72

Monday, November 8, 2010

Realtors Ask Mortgage Industry to Ease Underwriting Policies http://ping.fm/IxTUr
Senior Loan Officer Survey: Lending Standards Expected to Remain Tight http://ping.fm/sU90L
Nation's only forensic loan auditor certification training - San Diego 310-432-6304 - register today & receive $500 off http://ping.fm/XbmA8

Friday, November 5, 2010

Last chance registration! - Nation's only forensic loan auditor certification training course-San Diego 310-432-6304 http://ping.fm/XbmA8
David Stern's foreclosure law firm cuts 70% of staff http://www2.tbo.com/content/2010/nov/04/041805/david-sterns-foreclosure-law-firm-cuts-half-its-st/news-breaking/
Bank of America Rejects Calls to Buy Back Mortgages - NYTimes.com http://ping.fm/nlMcI
JPMorgan to Resume Foreclosures This Month - ABC News http://ping.fm/w4jfw
Foreclosure limbo grinds down potential buyers - KansasCity.com http://ping.fm/qZhFs
Tipton couple sues over early eviction in foreclosure case « Michigan Messenger http://ping.fm/Fu0XF
Last chance registration! - Nation's only forensic loan auditor certification training course - San Diego - 11/11/2010 http://ping.fm/XbmA8
Pending Home Sales Decline After Consumer Confidence Hits 7-Month Low http://ping.fm/XT6nD
Fed Dissenter Hoenig Offers Input on Housing Finance Reform http://ping.fm/Hw1Xp

Thursday, November 4, 2010

Nation's only forensic loan auditor certification training course - San Diego - 11/11/2010 - Last chance registration! http://ping.fm/XbmA8
Industry Experts Dissect Foreclosure Crisis and Servicer Performance http://ping.fm/F4wZE

Wednesday, November 3, 2010

Nation's only forensic loan auditor certification training course - San Diego - 11/11/2010 - Last chance registration! http://ping.fm/XbmA8

Tuesday, November 2, 2010

America Has 130.7 Million Housing Units. 18.8 Million Are Vacant. http://ping.fm/ZxMgm

Monday, November 1, 2010

Propositions - California Initiatives 2010 http://ping.fm/kOAkh
Lenders skirt foreclosure rules | The Columbus Dispatch http://ping.fm/ImAUP
Propositions - California Initiatives 2010 http://ping.fm/4uca1
The Nation's only forensic loan auditor certification training course - San Diego - November 11-14, 2010 http://ping.fm/XbmA8
Last chance registration - Forensic Loan Auditor certification training - 11/11/2010 http://ping.fm/z9H6W
U.S. economy is just bumping along the bottom - Business - Eye on the Economy - msnbc.com http://ping.fm/QAG5l
Who are the winners in mortgage mess? - Business - Answer Desk - msnbc.com http://ping.fm/hcbtv
The Forensic Loan Audit is a cutting edge product, utilized by successful Attorneys. Visit or contact us http://ping.fm/9eXKT 310-432-6304
The Nation's only Forensic Loan Auditor certification training - San Diego - November 11-14, 2010 http://ping.fm/XbmA8
Sizing Up Foreclosures in D.C. - Local News - Washington, DC - Washington D.C. - msnbc.com http://ping.fm/ZNHZD