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As reported by Mediaite on Wednesday night’s The Daily Show, host Jon Stewart turned to the Occupy Wall Street protests, explaining that the media’s coverage as gone from “blackout” to its only other setting, “circus,” as reporters from “from all the major networks… and CNN” have made their way down to the live-in demonstration. He looked at some of the media’s coverage of the protests, most notably Ann Coulter‘s assessment that with “slight modification,” the protesters’ message could have... Read Full Story

The Occupy Wall Street event has picked up tremendous momentum since it began on September 17, when a few hundred people from all walks of life gathered near Wall Street to protest social and economic injustice and crony capitalism. From day one, however, they were ridiculed for not having a clear message and a list of demands that could be reduced to neat sound bites.  But as Mc Kenzie Ward explains in this article Wall Street itself is more of a concept or an abstraction, and so, perhaps... Read Full Story

Prosecutors have launched an investigation into a complaint that more than 1,000 deeds for homes foreclosed upon in Maryland were improperly executed — the latest development suggesting widespread problems in the way foreclosures have been handled in the state. The complaint, filed last week by a paralegal formerly employed by the Shapiro & Burson law firm, lays out allegations that attorneys who were supposed to be signing deeds and key foreclosure paperwork for Maryland properties... Read Full Story

    FRANCIS STOJINSKI, Plaintiff, v. JP MORGAN CHASE BANK et al. Defendants. Civil Action No. L-10-3166. United States District Court, D. Maryland. February 7, 2011. MEMORANDUM BENSON EVERETT LEGG, District Judge. Francis Stojinski brings this action seeking money damages for alleged violations of the federal Truth In Lending Act ("TILA"), 15 U.S.C. § 1601 et seq. Now pending are three motions. The first is Stojinski's Motion to Vacate or Set Aside an Order of... Read Full Story

In James v. Bridge Capital , the U.S. District Court for the District of Oregon declined to rule and deferred resolution of HSBC's Motion as to Plaintiffs' claim for rescission under TILA to the extent that HSBC sought summary judgment on the ground that Plaintiffs had not shown they were able to meet their tender obligation. U.S. District Court Judge Anna Brown was persuaded by the holding in Coleman v. Crossroads Lending Group, Inc ., 09-CV-0221 (PJS/FLN), 2010 WL 4676984 (D. Minn. Nov. 9... Read Full Story

I thought I had seen it all but this case must take top prize for the most abhorrent attempt at foreclosure fraud perpetuated by a federal savings bank. A client hired me to audit his loan documents in preparation for an upcoming motion hearing in Miami-Dade County, Florida. Flagstar Bank is trying to foreclose on a mortgage originated back in 2008. The putative lender on the promissory note and mortgage is “Manhattan Mortgage Services, a Florida Sole Proprietor” and, of course, MERS is... Read Full Story

        I thought I had seen it all but this case must take top prize for the most abhorrent attempt at foreclosure fraud perpetuated by a federal savings bank.         A client hired me to audit his loan documents in preparation for an upcoming motion hearing in Miami-Dade County, Florida. Flagstar Bank is trying to foreclose on a mortgage originated back in 2008. The putative lender on the promissory note and mortgage is “Manhattan Mortgage Services, a Florida Sole Proprietor” and, of... Read Full Story

Today, the Massachusetts Supreme Judicial Court (SJC) ruled against foreclosing lenders and those who purchased foreclosed properties in Massachusetts in the controversial U.S. Bank v. Ibanez case. The decision is among the earliest to address the validity of foreclosures conducted without full documentation. That issue last year prompted an uproar that led lenders such as Bank of America Corp, JPMorgan Chase & Co and Ally Financial Inc to temporarily stop seizing homes. Courts in other U.S... Read Full Story

By Ariana Eunjung Cha A state judge, law professor and consumer attorneys are testifying before Congress that in many cases the banks trying to foreclose on borrowers do not have the legal standing to do so, according to prepared remarks. New York State Supreme Court Justice Dana Winslow said Thursday in written remarks that "standing has become such a pervasive issue" in the cases he sees "that I frequently use the term 'presumptive mortgagee'" to describe the entity trying to foreclose... Read Full Story

About a week ago, John O'Brien, Register of Deeds in Essex County Massachusetts, sent a letter to Massachusetts Attorney General Martha Coakley asking that she look into whether MERS (Mortgage Electronic Registration Systems, Inc.) failed to pay legally required recording fees in Massachusetts when a MERS-mortgage is assigned to another entity, like a trust or a bank. MERS is a privately held company that operates an electronic registry designed to track servicing rights and ownership of... Read Full Story