Daily Archives: June 28, 2012

Del AG Biden brings fight for Servicemember Financial Protections to Washington

SCOTUS 5-4 decision-US Supreme Court rules on Healthcare Act

Federal Home Loan Banks Increased Exposure to Europe as Advances Fell

In a startling report, the FHFA’s inspector general said that the Home Loan banks extended credit to firms on the brink of failure, in part to make up for declining advances.

Source:  American Banker

LPS retaliates, countersues Nevada AG Masto

The foreclosure processor sued by Nevada Attorney General Catherine Cortez Masto in last year’s robosigning cases has now retaliated, suing Masto and alleging due process violations.

In December, Masto’s office sued Lender Processing Services Inc. (LPS) of Jacksonville, Fla., claiming it was involved in widespread fraud involving mass document-signing procedures in which foreclosure documents were fraudulently notarized by the thousands. That suit remains active in Clark County District Court.

The investigation that led to her suit also resulted in criminal charges against several notaries and two LPS officers.

On Wednesday, attorneys for LPS sued Masto in federal court in Las Vegas charging its due process rights were violated in the investigation.

Read on.

 

Federal judge hears challenge by six banks to Springfield foreclosures

Judge hears challenge to Springfield foreclosures – CBS 3 Springfield – WSHM.

 

A federal judge has heard arguments in a lawsuit by six banks seeking to overturn two anti-foreclosure ordinances in Springfield.

 

U.S. District Judge Michael Ponsor did not immediately rule Wednesday after hearing arguments from lawyers representing the banks and the city of Springfield.

 

The banks sued after the Springfield City Council passed the ordinances last summer. One would require mortgage lenders to engage in mediation with homeowners facing foreclosure or face a $300 per day fine. The other would require lenders to put up a $10,000 bond to secure and maintain their foreclosed and vacant properties.

 

JUDGE BROWN TILTING TOWARD HOMEOWNER WITH WRONGFUL FORECLOSURE AND SECURITIZATION Ziolkowski v HSBC – Sac Dmr Dept 53 California

THIS JUDGE STARTING TO GET IT. SACRAMENTO

RECUSAL LAWS FEDERAL JUDGES DOCUMENT