Tag Archives: Fraud

New Internet site Aids Home owners Stay away from Loan Modification Fraud

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Glendale, CA (PRWEB) February 9, 2009

As adjustable price mortgages and a receding economy threaten millions of property owners with a prospective foreclosure, the demand for loan modification is causing a lot of of the former predatory lenders to resurface and setup shop as loan modification providers.

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“Several of the so known as specialists are the selfsame perpetrators who originated most of the toxic, or even fraudulent loans in the 1st spot,” according to former bank branch manager and loan modification specialist Steve Aranda, author of The Full Guide to Loan Modification.

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Loan modification is a procedure by which any homeowner can renegotiate with their current mortgage bank to get their payments or interest rate decreased, and in some cases even get a principal reduction in which their mortgage balance is brought down.

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A recent report released by Mortgage Asset Study Institute located that mortgage fraud had enhanced by 45 percent in the second quarter of 2008, as compared to the preceding year. And the FBI has reported that the number of mortgage fraud complaints almost tripled in 2009 as compared to 2005.

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Mr. Aranda has launched a new web site, http://www.LoanModificationClub.com, to teach men and women how to do their own loan modifications, saving thousands of dollars in fees and avoiding the threat of falling victim to loan modification scams. The kit involves a book, video, computer software, and forms for any borrower&#13

to complete their own loan modification themselves.

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Many of the loan modification scams revolve about up-front costs, according to Aranda.

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Nevertheless, unless you are an attorney, an up-front fee can’t be collected soon after a Notice of Default has been filed. Additionally, even just before the Notice of Default, only businesses who have submitted certain documentation to the Division of Genuine Estate for review are capable to gather fees just before any solutions have been rendered, and even then only below certain circumstances.

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Aranda estimates as many as 60 percent of all loan modification firms are&#13

practicing illegally, frequently utilizing non-lawyer processing organizations to&#13

negotiate for them without having getting legal counsel on employees.

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Quite a few organizations are scrambling to get into the profitable loan modification industry now in California alone, there are practically 200 companies legally able to do loan modifications in the state – up from below 30 firms several months ago. Unfortunately, there are also a lot of organizations who are not legally able to do loan modifications but who do them anyway, taking advantage of homeowners who are desperate for a resolution.

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“For homeowners with a difficulty mortgage, there are in fact several options besides loan modification, such as forensic audits, quick sale, deed-in-lieu of foreclosure, or even a reverse mortgage for seniors over age 62,” states Aranda. A forensic audit is a assessment of the initial loan documents, searching for loan fraud or problems as a implies to force a lender to settle and accept greater terms.

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Aranda recommends any homeowner in problems or expecting a mortgage adjustment need to investigate all their choices prior to doing business with any individual advertising loan modification.

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Verification Bureau Partners with Lenders to Battle Loan Modifications Fraud Schemes

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Miami, FL (PRWEB) April 20, 2009

Verification Bureau Inc., a leader in fraud detection and info verification options for the monetary business, launched Loan Mod Audit which aids lenders and servicers foretell the borrower’s capability to repay a modified loan and authenticate that the applicant is truthfully under financial distress by way of revenue and employment validations.

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LoanMod Audit verifies the borrower’s revenue and employment utilizing a highly automated and paperless system, which accesses numerous databases like the Internal Income Service by making use of the 4506-T type. This IRS direct program is capable of delivering outcomes in a matter of hours by way of a safe site or in information format through XML web solutions. The answer can be bundled with other merchandise and solutions available via the fraudpredator.com on the web suite of info verification systems which consist of: identity, collateral, and asset verification options.

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“The new mortgage modification applications are now becoming hoaxed by unscrupulous folks. Some years ago they would falsely state income and employment in order to qualify for a loan. Today it is the other way around applicants shrink their revenue, fabricate paystubs, and claim unemployment even if they have a job in order to qualify for a loan modification plan. In addition, the very same “scam artist brokers” that were just before pushing fraudulent loans to investors are now counseling home owners on how to trick their loan modification programs” said Esteban Reyes – CEO for Verification Bureau, “LoanMod Audit, gives a dependable solution to not only lessen re-defaults by accurately validating the borrower’s potential to repay the loan but also to make sure the homeowner qualifies genuinely.”, he added.

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For more info about Loan Mod Audit contact 877-477-4506 Ext 201 or email sales (at) verificationbureau (dot) com.

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About Verification Bureau&#13

Founded in 2001, Verification Bureau is the top provider of automated IRS 4506T processing and Social Security Quantity verification systems. More than two,500 clients and 18,000 customers worldwide have screened more than 1,000,000 loan files using their suite of verification service and fraud detection systems. Verification Bureau provides a free of charge trial plan,which lenders can test their fraud detection tools for a limited time. For far more data: http://www.verificationbureau.com, phone 877-477-4506 Ext 201, or e mail sales (at) verificationbureau (dot) com.

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Foreclosure Fraud Victim Turns to Advocacy with Release of Book and Net Web site to Educate Underwater Buyers About Homeowner Rights and Possibilities

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Atlanta, GA (PRWEB) November 23, 2011

Publisher Fastpencil, Inc. announces release of Consumer Advocate &amp Foreclosure Specialist Michael R. Bang’s most current book Stroll Away.

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As numerous Americans are facing hard occasions following the current and continuing market housing crash and economic downturn, some sector specialists are stepping forward to speak up for shoppers and turn misfortune into an opportunity for education. This consists of Michael R. Bangs lately released Stroll AwayHow to Strategically Default on an Underwater Mortgage.

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The book goes into excellent detail about how the banking method performs, how a mortgage plays into that system and the vast avenues obtainable to a consumer underwater or facing foreclosure, from a loan modification all the way to how to simply walk away from a property if you can no longer afford to keep it and your sanity, Michael R. Bang, Consumer Activist and Foreclosure Specialist from The Vortex Reality Vibration LLC., stated. A lot of home owners are possessing their rights violated by the banking business or their emplyees, its often illegal and shameful.

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Bang has been a licensed actual estate agent for 10 years and a rental investor for more than 15. He became a foreclosure specialist, promoting properties for banks in 1999 and in 2000 launched Georgia Foreclosure, Inc., (http://www.gaforeclosure.com) a web site dedicated to offering investors and possible homeowners access to distressed properties on the market place (properties owned and for sale by lenders soon after foreclosure has occurred).

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He also became a nicely known professional in Atlanta on the standards and practices of by banks used to foreclose. In 2008 he was bewildered to see the amount of fraudulent tactics and misrepresentation asset managers were flagrantly employing to foreclose. Examples integrated robo-signing, re-generating documents that had been lost, violating cease and desist orders or basically foreclosing on residence they didn’t even own. Usually, had the homeowner been conscious of the improper acts, and identified how to fight back, the foreclosure could have been stopped dead in it’s tracks thereby saving the house.

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Considering that the 2008 housing crash, Bang has turned his experience to customer advocacy and has worked with individuals who are unaware of their options in the face of foreclosure.

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The mantra of the banks and their agents is that you have a moral obligation to spend your mortgage when, in point of truth, it’s nothing much more than a contract which can be voided at any time, Bang said. This book is a How To guide for individual well being and undertaking what’s appropriate for the individual and their family it offers readers a sense of security and freedom to fight back.

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The companion website to Bangs book, http://www.usawalkaway.com, (launched October 2011) supplies detailed info on the foreclosure process of every single state, sample documents and worksheets about foreclosure regulations, and a forum where home owners can share their own foreclosure experiences and discover how to steer clear of being victims of fraudulent foreclosures.

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Bang was inspired in portion by his personal experiences soon after a massive bank illegally attempted to foreclose his home. To discover much more about Walk AwayHow to Strategically Default on an Underwater Mortgage and how you can keep away from being a victim, go to http://www.usawalkaway.com.

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Law Offices of Kramer & Kaslow: Implementation of Alleged Enormous Fraud at One West/IndyMac (A single West) Leads to Lawsuit

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Calabasas, California (Vocus/PRWEB) April 17, 2011

Philip Kramer has filed a mass joinder lawsuit against A single West/IndyMac (1 West) (Marquette v. One particular West, Superior Court of California, Superior Court of Los Angeles, case quantity: BC 452 266) in what is potentially the most substantial and precedent-setting legal action taken against lenders as a result of the national foreclosure crisis, it was announced today by Philip Kramer, Esq. of Kramer &amp Kaslow.

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The firm has filed suit on behalf of a mass joinder of plaintiffs searching for damages and injunctive relief as a result of what it says is the bank’s fraud and a number of violations of Nearby, State, and Federal customer protection laws. Relief is becoming sought for fraud, to cease the illegal sale of plaintiffs homes, to force the bank to cease and desist from their outrageous conduct, as nicely as to seek compensatory damages on behalf of the plaintiffs.

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Mr. Kramer says that the lawsuit alleges 1 West perpetrated a enormous fraud, also constituting unfair competition upon borrowers that devastated the values of their residences, resulting in the loss of net worth even as 1 WEST enriched itself by knowingly selling financial instruments based on a worth the bank knew to be unwarranted. The lawsuit also alleges that A single WEST further intended to deprive several rights and remedies for the difficulties they triggered the borrowers and believes that the harm accomplished to the plaintiffs is exceeded only by the scale of the banks conduct as asserted in the plaintiffs suit.

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According to court documents, the lawsuit claims the bank disregarded underwriting requirements and implemented a enormous fraud that was concealed from borrowers and other mortgagees on an unprecedented scale. The lawsuit alleges that, as a result of the banks actions, borrowers lost equity in their houses, their credit ratings and histories were destroyed and they incurred unnecessary costs and expenditures.

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Mr. Kramer also says that the lawsuit challenges the fraudulent and illegal use of MERS in connection with the loans and mortgages, as nicely as the defendants failure to carry out their obligations pursuant to accepting TARP funds.

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I am convinced that for the initial time that aggrieved home owners are going to get a fighting likelihood, says attorney Philip Kramer. Till now, the banks have had their way, employing and abusing the program at the expense of distressed property owners across the nation. Now, following years of abusing homeowners and the greater public, the bank bullies are obtaining a excellent stiff legal punch in the nose.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Workplace of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on enterprise litigation, and real home matters. He has prosecuted and defended instances for more than twenty five years.

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Mr. Kramer is a licensed actual estate broker and has spent considerable time offering legal solutions in connection with true estate issues relating to loan modification and loss mitigation, land use and zoning, environmental troubles, easements, building and development, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice prior to all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 instances. He has appeared on nationally televised programs relating to pre-trial process and trial strategy and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of a variety of legal and enterprise troubles.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization dedicated to bringing back professionalism and civility into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in many organizations.

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Kramer and Kaslow: Mortgage Fraud Strike Force May Support Shield Property owners from Illegal Foreclosure

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Calabasas, CA (PRWEB) June 14, 2011

Philip Kramer, lead attorney for the Law Offices of Kramer and Kaslow weighed in on the creation of the California Lawyer General’s Mortgage Fraud Strike Force. Lawyer General Kamala D. Harris nowadays announced the creation of the California Lawyer General’s Mortgage Fraud Strike Force, staffed by Division of Justice attorneys and investigators charged with protecting innocent home owners and bringing to justice those who defraud them.

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Composed of both civil and criminal enforcement teams, the Mortgage Fraud Strike Force will monitor and prosecute violations at every step of the mortgage method, from the origination of mortgage loans to the advertising of mortgage-backed securities to the investing public.

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“Californians in search of the American dream all as well frequently located a protracted private and legal nightmare,” mentioned Lawyer Common Harris. “Families are losing their houses, whilst these who perpetrated crimes and frauds against them walk free.”

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Philip Kramer, a noted California lawyer and senior partner at the law firm of Kramer &amp Kaslow comments, I am thrilled. My firm, a handful of other people, we have been shouting from the mountain tops about how every single piece of the mortgage procedure from inception to foreclosure is riddled with fraud. It appears like the Attorney Generals workplace has lastly caught on. I welcome them to the battle.

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Much more of Philip Kramers thoughts can be located at the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on enterprise litigation, and real home matters. He has prosecuted and defended instances for more than twenty five years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time providing legal services in connection with real estate problems relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 situations. He has appeared on nationally televised applications with regards to pre-trial process and trial approach and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of a variety of legal and enterprise problems.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization dedicated to bringing professionalism and civility back into the legal profession. He also serves on many Boards of Directors and serves as an officer in a lot of companies. For more data contact (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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Associated Loan Modification Services Press Releases

FHFA New Anti-Fraud Measures for GSEs to Minimize Mortgage Fraud and Limit Cost to Taxpayers

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Minneapolis, MN (PRWEB) June 19, 2012

The Federal Housing Finance Agency (FHA) announced an initiative yesterday to complement existing fraud reporting and to establish regardless of whether an individual or business need to be suspended from undertaking organization with Fannie Mae, Freddie Mac or the Federal Property Loan Banks to guarantee that regulated entities are not exposed to unnecessary dangers.

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Following the National Mortgage Settlement, and named the Suspended Counterparty Plan, it “will call for Fannie Mae, Freddie Mac and the Federal Home Loan Banks to notify FHFA whenever an person or business with whom they do organization is adjudicated to have engaged in fraud or other economic misconduct. See attachment.

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Fannie May possibly released a document titled, Fraud Finding Statistics,’ primarily based on Fannie Mae loan testimonials completed through the end of April 2012. The leading ten states by geography are, respectively, California, Texas, Illinois, New Your, Colorado, North Carolina, Florida, New Jersey, Georgia and Washington.

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Just released on June 12, by the Chicago Tribune, Francisco Rodriguez, 41, was indicted Monday on two counts of wire fraud right after an investigation by the FBI and Indiana State Police. The indictment accuses Rodriguez of presenting false financial info when he applied for mortgages for two Gary homes in summer 2007.

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Ann Fulmer, a lawyer and mortgage fraud professional who co-authors the quarterly Interthinx Mortgage Fraud Danger Report, says, There have been a number of federal situations not too long ago exactly where people have been convicted of bid rigging (at foreclosure auctions). The lack of data integrity possibly price lenders about $ two trillion so far because of REOs, short sales, foreclosure sales. The federal government has offered an additional $ 3 trillion in direct help to banks in attempting to stabilize the marketplace with foreclosure prevention and alternative programs. U.S. taxpayers lost about $ eight trillion in equity (due to declining property values). Thats all added up about $ 12 trillion or $ 13 trillion.

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Property owners can recall the Senate Banking Hearing on Feb. 28, 2012 and the discussion on safeguarding taxpayer dollars in the midst of housing recovery efforts. Senator Toomey and Edward DeMarco, the acting director of the Federal Housing Finance Agency confirmed the following: Right now, FHFA is balancing 3 responsibilities: preserve and conserve assets, make sure market place stability and liquidity, and prepare Fannie Mae and Freddie Mac for an uncertain future. Whilst the extended-term course of housing finance is becoming debated and eventually determined, FHFA meets these responsibilities by overseeing these organizations management of, and limiting expense to taxpayers from, their $ five trillion position in the market. Jenna Thuening, owner of Home Destination, finds the charges of mortgage fraud are staggering and protections are welcome.

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In January of this year, Michigan approved a new law generating mortgage fraud a felony. A individual who commits residential mortgage fraud is guilty of a felony punishable by imprisonment for up to 15 years, a maximum fine of $ one hundred,000, or both. If the loan worth stated on documents used in the mortgage lending procedure exceeds $ 100,000, even so, the penalty is up to 20 years’ imprisonment, a maximum fine of $ 500,000, or both.

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The FBI defines mortgage fraud as a material misstatement, misrepresentation, or omission relied upon by an underwriter or lender to fund, buy, or insure a loan. Mortgage fraud schemes can take a lot of types, such as loan origination schemes, illegal house flipping, foreclosure rescue scams, and brief sale schemes, which evolve as market place circumstances alter. Fannie Mae says, Affinity fraud is the term used for fraud schemes that prey upon or recruit people of related persuasion.

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Residence Destination encourages homeowners in search of protection from mortgage scams to read via Fannie Maes instructional presentation named Mortgage Fraud: Affinity Frauds. Frequent fraud tactics contain the use of straw buyers, falsified gift funds, and altered employment or asset documentation. A straw purchaser is usually a fictitious individual or particular person needing income to the extent that they would take on the danger of promoting their identity.

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House Location, a Certified Distressed Home Anticipate, aids purchasers and homeowners seeking a loan modification. steer clear of possible fraudulent processes.

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California Law Says Mortgage Fraud Will Not Be Tolerated As Home owners Commence To See The National Mortgage Settlement Is Functioning

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Minneapolis, Minnesota (PRWEB) July 03, 2012

Stepping ahead to lead other states, California lawmakers approve the pending legislation, to write into law much of the national mortgage settlement negotiated this year with the nations top five banks. According to California Department of Justice, CA will become the first state to make the National Mortgage Settlement law, “The Assembly approved the legislation on a 53-25 vote, and the Senate followed by voting 25-13”. The two key bills containing major refinance reform are AB 278 (Eng/Feuer/Mitchell) and SB 900 (Leno/Corbett/DeSaulnier/Evans) and have been thoroughly considered by a legislative conference committee. See attachment for details.

Home Destination has helped many a homeowner through a foreclosure or short sale in the last few years. Today one of her clients believes they are be a victim of banking mortgage fraud and is asking for help on how to proceed.

Jenna Thuening, owner of Home Destination, urges distressed home owners that, “If you are a homeowner struggling to pay your mortgage or facing foreclosure, or if you have already lost your home to foreclosure, it is possible that the National Mortgage Settlement could help you. Not every homeowner will qualify for relief under this settlement. Those who do qualify may receive various forms of relief according to their individual circumstances. Homeowners who may have been wronged shouldn’ give up, taking action may make all the difference in saving a home and stopping one more unnecessary foreclosure.”

California’s new legislation “will require large lenders to provide a single point of contact for homeowners who want to discuss loan modifications. It would prohibit lenders from foreclosing while they consider alternatives to foreclosures. And it would let California homeowners sue lenders to stop foreclosures or seek monetary damages if the lender violates state law. The protections would benefit all California homeowners, not just those whose mortgages are with the five banks that signed the national settlement.”

While banks thought this was too broad, the legislation also imposes a $ 7,500 civil penalty per loan when the lender has filed unverified documents — a practice known as “robo-signing.”

“Passing these key elements of the Homeowner Bill of Rights represents a significant step forward for struggling homeowners,” Attorney General Kamala Harris said in a statement. “These common-sense reforms will require banks to treat California homeowners more fairly and bring more transparency and accountability to their practices in our state. Responsible homeowners will have a better shot to keep their homes.”

Found encouraging to homeowners across the nation, real estate justice was also served in Alabama on June 28th, as reported by The Department of Justice. “A federal grand jury in Mobile, Ala., returned an indictment today against two real estate investors and their company, charging them with participating in conspiracies to rig bids and commit mail fraud, at public real estate foreclosure auctions.”

Mortgage fraud was not tolerated in the case of home owner Lynn Szymoniak either. She is one of six Americans who have successfully been awarded in the national foreclosure settlement. “Finalized earlier this year, as a result of whistleblower suits. In total, they collected $ 46.5 million”, according to the Justice Department. Cnnmoney.com reported on June 2, 2012, “The other five came from within the industry, such as an appraiser who helped the government show that Countrywide Financial had been inflating home appraisals to collect higher claims from FHA. Other whistleblowers exposed banks overcharging veterans who had mortgages guaranteed by the Department of Veterans Affairs.” Szymoniak will get $ 18 million from the governments $ 95 million award in her lawsuit.

We are seeing state governments and judges stand up strong to make mortgage fraud wrongs stop robbing hurting homeowners. Homeowners who could benefit from talking to a Certified Distressed Property Expert, may contact Jenna Thuening today.







Find More Loan Modification Press Releases

Corporate Whistle Blower Center Urges Bank FHA & VA Loan Originators Servicing Appraisal or Underwriting Whistleblowers with Proof of Fraud to Step Forward-Enormous Rewards

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(PRWEB) March 05, 2012

The Corporate Whistle Blower Center is urging bank, mortgage banking, bank originators, or loan servicing insiders to step forward for potentially multi million dollar rewards, if they possess significant,and substantial proof of any variety of important appraisal fraud, or key wrongdoing involving FHA, VA, Fannie, or Freddie mortgages. The groups essential is focus is major bank managers, loan servicing insiders,or significant homebuilder mortgage managers, who knew about inflated appraisals for Fannie Mae, Freddie Mac, FHA, or VA mortgages, and nevertheless have the proof. The time frames are 2003-2008. The Corporate Whistle Blower Center Mortgage Whistleblower Initiative is seeking for the following kinds of whistleblowers:&#13

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On the mortgage origination side the Corporate Whistle Blower Center is seeking for key bank, mortgage banker, house builder mortgage managers, or insiders, who can prove their bank, or mortgage lender employer was committing appraisal fraud, as effectively as gouging borrowers on fees, or not complying with certain rules that govern Fannie, Freddie, FHA, or VA mortgages. &#13
On the loan serving side, The Corporate Whistle Blower Center is hunting for folks who possess important proof, their bank or loan serving organization employer was intentionally misapplying payments for principal, interest, and/or for reserves. The group is also hunting for bank, or loan servicing insiders, whose firm took federal money to do loan modifications, and instead of doing a loan modification the bank, or loan servicer did a foreclosure. No one ever checked the file. &#13
On the Wall Street side: The Corporate Whistle Blower Center is searching for insiders, who have been bundling, or packaging Mortgage Backed Securities, realizing full properly the mortgage backed securities ought to have been in no way given a A, a AA, or a AAA rating. The Corporate Whistle Blower Center says, “The Mortgage Backed Securities instances could reap rewards in the tens, and tens of millions of dollars, but the proof has to be substantial, and effortless to adhere to.”

The Corporate Whistle Blower Center says, “Once again, the wrongdoing has to be widespread, and the proof has to be important, and quite straightforward to see.” For a lot more data, bank or mortgage lender insiders or loan servicing insiders are encouraged to speak to the Corporate Whistle Blower Center anytime at 866-714-6466, or they can speak to the group via their net site at http://CorporateWhistleBlowerCenter.com

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Simple guidelines for a whistle blower from the Corporate Whistle Blower Center: &#13

Do not go to the government 1st, if you are a significant whistle blower. The Corporate Whistle Blower Center says, “Significant whistle blowers frequently go to the federal government pondering they will support. Its a massive mistake. Often government officials could care much less, or they are incompetent.” &#13
You must be the 1st particular person to present your details, and it has to be new data, not previously disclosed. &#13
Do not go to the news media with your whistle blower information. Public revelation of a whistle blower’s information could destroy any prospect for a reward. &#13
Do not try to force a government contractor, or corporation to come clean to the government about their wrongdoing. The Corporate Whistle Blower Center says, “Fraud is so rampant among federal contractors, that any suggestion of exposure may possibly result in an immediate job termination, or harassment of the whistle blower. We say, come to us first, tell us what type of info you have, and if we feel its sufficient, we will help find the proper law firms, to help in advancing your data.”

Any variety of insider, or employee, who possesses important proof of their employer, or a government contractor fleecing the federal government is encouraged to get in touch with to Corporate Whistle Blower Center anytime at 866-714-6466, or they can contact the group by way of their net web site at http://CorporateWhistleBlowerCenter.Com

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Corporate Whistle Blower Center Now Urges FHA-VA Mortgage Originators Servicing Appraisal or Underwriting Whistleblowers with Proof of Fraud to Step Forward – Large Rewards

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(PRWEB) April 03, 2012

The Corporate Whistle Blower Center is urging bank, mortgage banking, bank originators, or loan servicing insiders to step forward for potentially multi million dollar rewards, if they possess significant,and substantial proof of any kind of substantial appraisal fraud, or key wrongdoing involving FHA, VA, Fannie, or Freddie mortgages. The group’s crucial is concentrate is main bank managers, loan servicing insiders, or key homebuilder mortgage managers, who knew about inflated appraisals for Fannie Mae, Freddie Mac, FHA, or VA mortgages, and nevertheless have the proof. The time frames are 2003-2008. The Corporate Whistle Blower Center Mortgage Whistleblower Initiative is hunting for the following kinds of whistleblowers: &#13

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On the mortgage origination side the Corporate Whistle Blower Center is seeking for key bank, mortgage banker, house builder mortgage managers, or insiders, who can prove their bank, or mortgage lender employer was committing appraisal fraud, as well as gouging borrowers on fees, or not complying with certain guidelines that govern Fannie, Freddie, FHA, or VA mortgages. &#13
On the loan serving side, The Corporate Whistle Blower Center is hunting for folks who possess substantial proof, their bank or loan serving firm employer was intentionally misapplying payments for principal, interest, and/or for reserves. The group is also looking for bank, or loan servicing insiders, whose firm took federal funds to do loan modifications, and alternatively of performing a loan modification the bank, or loan servicer did a foreclosure. No one particular ever checked the file. &#13
On the Wall Street side: The Corporate Whistle Blower Center is hunting for insiders, who were bundling, or packaging Mortgage Backed Securities, understanding full well the mortgage backed securities ought to have been in no way offered a A, a AA, or a AAA rating. The Corporate Whistle Blower Center says, “The Mortgage Backed Securities circumstances could reap rewards in the tens, and tens of millions of dollars, but the proof has to be substantial, and easy to stick to.”

The Corporate Whistle Blower Center says, “Again, the wrongdoing has to be widespread, and the proof has to be significant, and quite easy to see.” For much more data, bank or mortgage lender insiders or loan servicing insiders are encouraged to make contact with the Corporate Whistle Blower Center anytime at 866-714-6466, or they can make contact with the group via their web internet site at http://CorporateWhistleBlowerCenter.com

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Simple rules for a whistle blower from the Corporate Whistle Blower Center: &#13

Do not go to the government initial, if you are a main whistle blower. The Corporate Whistle Blower Center says, “Significant whistle blowers frequently go to the federal government thinking they will assist. Its a huge error. Often government officials could care less, or they are incompetent.” &#13
You need to be the very first particular person to present your data, and it has to be new data, not previously disclosed. &#13
Do not go to the news media with your whistle blower details. Public revelation of a whistle blower’s info could destroy any prospect for a reward. &#13
Do not try to force a government contractor, or corporation to come clean to the government about their wrongdoing. The Corporate Whistle Blower Center says, “Fraud is so rampant among federal contractors, that any suggestion of exposure may possibly outcome in an immediate job termination, or harassment of the whistle blower. We say, come to us very first, tell us what sort of information you have, and if we think its enough, we will aid find the proper law firms, to help in advancing your info.”

Any variety of insider, or employee, who possesses important proof of their employer, or a government contractor fleecing the federal government is encouraged to make contact with to Corporate Whistle Blower Center anytime at 866-714-6466, or they can speak to the group by means of their web site at http://CorporateWhistleBlowerCenter.Com

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Homeowners Wronged By Banking Fraud Are Missing Their Independent Foreclosure Assessment Letter and Gaining Mortgage Aid and Reimbursement Funds

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Minneapolis, Minnesota (PRWEB) June 26, 2012

Property owners can uncover support for foreclosure action taken between January 1, 2009 and December 31, 2010. Diverse from the $ 26 billion National Mortgage Settlement, the Fed has essential the 14 major servicers to hire independent consultants to make fair and impartial suggestions for monetary remediation for impacted borrowers. U.S. federal bank regulators, the Board of Governors of the Federal Reserve Technique and the Workplace of the Comptroller of the Currency (OCC) are pushing out new details on the system, new reminders, and have newly appointed members to serve our housing recovery efforts.

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The Federal Reserve has extended the deadline for Independent Foreclosure Evaluation applications to September, 30, 2012. In addition, a economic remediation framework was released on June 21 that offers examples of errors in foreclosures covered by the regulators consent orders in the April 2011 regulations. Residence Destination finds home owners are quicker to engage the Independent Foreclosure Assessment System after they comprehend it much better.

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New information add to the OCC site on June 21, 2012 states, “Remediation may contain suspending a pending foreclosure or rescinding a completed foreclosure, offering lump-sum payments, reimbursing improper costs plus interest, supplying a loan modification, and correcting credit reports and other errors in the borrowers records.”

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For homeowners who have shied away from the complaint approach pondering reimbursement funds are as well low, it may properly be worth the effort. The OCC says, “lump-sum payments can range from $ 500 for lesser injuries to $ 125,000 plus equity in the most egregious instances.” &#13

Anna Alvarez Boyd, of the Federal Reserve spoke in a recent video to help mortgage borrowers gain and not miss out on offered support. It is free of charge beware of anybody asking you to pay for your Independent Foreclosure Overview.

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Several wronged property owners are missing out on recognizing their chance for aid. According to the OCC, by February 20, 2012, only 90,000 eligible property owners had submitted claims. Surprisingly, these funds for struggling property owners are going largely unnoticed. Only a fraction of the four.four million home loan borrowers potentially eligible for overview have responded to solicitation letters sent out by the banks. As of Might 31, only about 340,000 cases have been slated for overview, according to a progress report released for June by the Fed and the OCC. Via May possibly 2012, almost four.4 million folks were sent letters explaining how to request a free of charge assessment of their loan files. Only 136,000 or three percent of qualifying borrowers who have been contacted have asked for the independent review.

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Reminders of the original letter informing homeowners that they are eligible for a review by an independent consultant and might be compensated are getting sent. Home owners qualify if:&#13

You sent your loan payments to one particular of the mortgage servicers participating in this method. &#13

The action to foreclose on your home was initiated, pending, or completed in between January 1, 2009 and December 31, 2010. Nevertheless, your property did not have to be sold to be eligible for the assessment. &#13

The foreclosure occurred on your principal residence, which is the property where you lived for most the year. You do not need to reside there now to be eligible for the review.

Jenna Thuening, owner of Property Location, finds that, some concerned that borrowers who get the evaluation form in the mail might not recognize it as a legitimate document. We are hoping that as the OCC releases yet another round of marketing and outreach to encourage borrowers who were victims of wrongful foreclosure to comprehensive the forms, that we will see far more property owners send them in.”

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Even if mortgage borrowers didnt file a request for overview, they might be sent receive a letter and overview kind. Consultants are reviewing files from every servicer to uncover borrowers who suffered monetary injury due to the fact of foreclosure errors and sending the letters out. Servicers will be needed to compensate all injured borrowers identified as component of this assessment.

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Home owners can submit their application for the Independent Foreclosure Review online at http://www.IndependentForeclosureReview.com. To make it less complicated, the OCC says, “There have been a quantity of changes made to integrated claims process to guarantee a single, uniform method among the servicers”.

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Serving the housing recovery and property owners, yesterday, The OCC announced that Carrie Moore has been named Director for Congressional Liaison. Also, yesterday Federal Reserve Chairman Ben S. Bernanke presided more than a meeting where Jeremy C. Stein and Jerome H. Powell had been formally sworn in as members of the Board of Governors of the Federal Reserve Program.

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Home owners might speak to Home Destination at 612-396-7832 for additional help to file or respond to an Independent Foreclosure Overview.

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