Mortgage Relief Project

Nine mortgage stories the press is underreporting — fraud, fraud, fraud

Posted on October 21, 2010 by project

He responded with this breathless and breathtaking list of failings (slightly edited for publication): The things I think are critical and badly underreported are: 1. The astonishing amount of mortgage fraud (literally, millions of cases annually) and how it hyperinflated the bubble … Continue reading →

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Foreclosure gate a “small sub issue” of banks’ 2.7T “paper problem”

Posted on October 14, 2010 by project

But the banks’ “paper problem,” is a “small sub-issue,” relative to the fact there are still $2.7 trillion of residential mortgage-backed securities (RMBS) on the banks’ balance sheets, Alpert says. “Banks are not exactly rushing to foreclose on anyone given … Continue reading →

Foreclosure logjam threatens Fannie, Freddie

Posted on October 12, 2010 by project

Foreclosure activity may be halted entirely and give homeowners time to coordinate better options for keeping their homes as a result of lenders’ improper foreclosure procedures. As some courts have now ruled against lenders in the robo-signing and MERS cases, … Continue reading →

The Interstate Notarization Act of 2010

Posted on October 7, 2010 by project

At stake is the ability of homeowners to challenge foreclosure attempts by banks. Recently, several large banks have had to halt foreclosure proceedings in many states when it emerged that their loan officers had taken short-cuts to speed foreclosures. Ordinarily, … Continue reading →