Monthly Archives: January 2015

Real estate agent narrowly escapes kidnapping by registered sex offender

A California real estate agent is safe after escaping a kidnapping attempt by outsmarting a registered sex offender, who lured her to a house under false pretenses and held her at gunpoint.

The victim, an Elk Grove, California-based real estate agent whose name was not provided by local authorities, was lured to a home and held against her will by David Burnhart, who authorities later confirmed is a registered sex offender.

According to Elk Grove police, Burnhart contacted the agent at her office and requested a showing at a model home in a new development. When Burnhart arrived at the home, he brandished a handgun, threatened the victim and held her against her will.

Burnhart allegedly took the victim into a bedroom and handcuffed her. He later moved her into a second location inside the residence. According to police, Burnhart was continually threatening her throughout the encounter.

Read on.


U.S. Supreme Court rejects RBC and Nomura mortgage suit appeal

The U.S. Supreme Court turned away an appeal by theRoyal Bank of Scotland Group (RBS), Nomura Holdings(NMR) and two other banks, in a case stemming from the collapse of two credit unions that owned more than $1.7 billion in mortgage-backed securities, according to an article in Bloomberg.

The article explained that the court refused to derail federal government lawsuits that seek billions of dollars over the sale of risky mortgage-backed securities.

At issue was how much time federal agencies have to file lawsuits. The high court appeal centered on a provision, known as the Extender Statute, enacted as part of the 1989 law that bailed out the savings and loan industry. The Extender Statute gave government agencies longer to press at least some cases.

The banks appealing in the case also included units of Wells Fargo & Co. and Novation Cos. The group had backing from three industry trade associations.

Source: Bloomberg

QUANTUM OF JUSTICE – a documentary film what film maker uncovered in his personal fraudulent foreclosure process


My Court History website:

This is the trailer of the film of the first hand experience of the film maker, Doug Boggs, and what he uncovered in his personal fraudulent foreclosure process and the subsequent legal battle against Wells Fargo Bank while acting as his own attorney through the state of CA Superior, Appeals, Supreme, and Federal court systems.

This film shows the depth of the fraud of the foreclosure system, the failure of the justice system, the corruption of Wall Street and the illegalities of the Securitization of mortgages.

This documentary delves into how someone with NO mortgage is foreclosed on, how a homeowner can be current on their mortgage and still be foreclosed on, how there is a very high chance that the bank foreclosing on any property has NO right to do so, and how many of the banks that collect the money for a mortgage every month have NO right to bill or collect that money, but do so month after month, year after year. How Wall Street and the financial institutions illegally collect trillions of dollars for mortgages that they have no right to collect from. Yet, despite all of this, how the United States taxpayers bailed these banks out.

Doug talks to homeowners, Senators, Congresspersons, Judges, lawyers, bankers, wall street traders and executives exposing the true depth of the fraud of foreclosures never before seen to date.

Countrywide Home Loan sued for insurance policies fraud tied to RMBS

MADISON, Wis. – Countrywide Home Loans fraudulently induced the issuance of five insurance policies tied to residential mortgage-backed securities that generated $350 million in policy claims, Ambac Assurance claims in court.

Source: Courthouse News

California examiners asked Ocwen to provide info on 1,320 mortgage loans under investigation, bank repeatedly failed to respond

“They failed to comply with a subpoena for information. They violated a lawful order from the commissioner. And they failed to comply with an order from an administrative law judge.”– Tom Dresslar, spokesman, California Department of Business Oversight

From The Los Angeles Times:

California officials said the state is looking into potential violations of the California Homeowners Bill of Rights, a package of laws passed in reaction to foreclosure abuses, and the California Residential Mortgage Lending Act, under which Ocwen is licensed.

An accusation detailing the state’s complaints was issued in October by Commissioner of Business Oversight Jan Lynn Owen. The dispute stems from a routine examination of Ocwen that began in January 2013, Owen said in the accusation.

By October 2013, according to the accusation, examiners were telling Ocwen that it had supplied too little information for them to determine its compliance with the Homeowners Bill of Rights. The law’s provisions include a requirement that servicers provide a single point of contact for troubled borrowers and a ban on dual tracking, the practice of negotiating over a loan modification while at the same time pursuing a foreclosure.

Despite an escalating series of demands and finally a judicial order, the agency contends that Ocwen has never provided all the information the department was seeking, including reports on a sample of 1,320 loans the company services.

Councilman Dan Johnson faces house foreclosure

A mortgage lender filed for foreclosure against Metro Councilman Dan Johnson seeking to have the property sold and the money going to pay the $158,021 the company claims it is owed.

PennyMac Loan Services LLC of Moorpark, Calif., filed the foreclosure action against Johnson in December for not paying the mortgage for the house at 5200 Rollingwood Trail.

Johnson said he has another house and put the Rollingwood house up for sale a month ago.

“We’re paying for too many houses, I guess, and we’re selling that house right now,” said Johnson, D-21st District.

He said they have been unable to make the payments on the Rollingwood house, which he said they have not lived in for more than a year. Johnson said the house is worth more than the amount the lender is seeking.

Read on.

Watch As Bank Of America Refuses Customer’s Cash Payment On Mortgage Then Calls Police


When it comes to nightmare stories pertaining to home mortgages, no other financial institution has more of them than Bank of America. The Inquisitr reported numerous times on such stories in which Bank of America had to pay a $404 million settlement over repurchased Freddie Mac mortgages. If that wasn’t enough money to pay, they also had to pay $9.5 billion to the Federal Housing Finance Agency (FHFA) in a settlement.

However, much of Bank of America’s woes comes from their treatment of their customers who have mortgages with them. In this case, a customer tried to pay his home mortgage at a Bank of America branch with cash. Instead of taking the customer’s payment, they rejected it and called the police on him.

Originally uploaded in Reddit two years ago, the story got a sudden spike in interest recently in which Deon Vs. Earth and many other finance news sites and blogs related the situation to the perceived view that the United States dollar will become a cashless form of money. According to the video, Robert Somerton tried to make a payment of $1,371.71 towards his $191,378.51 mortgage at a Bank of America branch located in Lakeport, California. The bank clerk and bank manager made it clear that they wouldn’t accept his payment. Instead, the bank manager kept insisting that Robert turn off his camcorder or he’ll call the authorities. Apparently, Robert did not listen as the authorities showed up to the bank. It is not shown if Robert was arrested or simply told to remain off the premises.