[Download message RAW] --==============(77462805484968871=Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: quoted-printable Log: dic with frequency info!"If there is not a clear chain of title in the foreclosure process, how can there be a clear chain of title for the person buying foreclosed property?

In late 2010, a major regulator warned the Federal Reserve: Banks are not healthy enough to increase dividends, and the economy could implode again. not because of vastly improved servicing, but rather as a result of the $25 billion foreclosure fraud settlement struck last month.

But in its biggest decision since the financial crisis, the Fed overrode that advice and let banks return more than $30 billion to shareholders. "As part of the mortgage servicing settlement, Treasury has agreed to release withheld incentives for past deficiencies," "It's just the latest in an unending series of Treasury capitulations to the banks," said Neil Barofsky, the former Special Inspector General for the Wall Street bailout, $30 billion from which was used to create HAMP.

"The servicers' willful disregard of HAMP's rules will now officially go unpunished as Treasury converts what was always nothing more than a slap on the wrist to complete absolution." North Miami Mayor Andre Pierre was hit with a foreclosure lawsuit over his house, which the mayor says he was negotiating a mortgage modification for.

Im not sure its legal for them to file it when we have been talking back and forth, he said.

to pay a maximum $10 million penalty in a securities fraud case related to the financial crisis.

Although it's possible Englett isn't responsible for the infractions, don't be surprised the city of Arlington is giving it a try.

"You have to remember cities are all about grabbing money from you," CBS 11's legal advisor Jerry Loftin said .

"They try anyway they can." In a decision which could impact foreclosure cases involving missing or lost loan documents, the Appeals Court held that a mortgage is unenforceable and must be discharged where the underlying promissory note securing the mortgage could not be found.

The left hand doesnt know what the right hand is doing.

A federal judge has yet again issued a ruling that effectively questions the validity of scores of foreclosures in Oregon, a crisis the Legislature could resolve in the mortgage industry's favor this week if bank lobbyists and House Republican leaders have their way.

Opinion and Order in In an opinion issued Wednesday, U. District Court Judge Michael Simon rejected a magistrate judge's finding and rulings by two of his colleagues that big banks could avoid recording notices in local land records each time a loan is sold to other lenders or investors.