Breaking News, Opinionator reports that Arizona is proposing a Borrower's Bill of Rights.

Opinionator makes a great point when they assert, What is Good for GM is good for Homeowners as well. Arizona Homeowner's bill of rights is an essential starting point, but it is just a starting point.

You are viewing Swarm The Banks. Please check out Parallel Foreclosure blog and UNfair Foreclosures blog as well.

DealBreaker dot com, the place where investment bankers hang out, ridicule, and ban main street responders.

I have RSS feeds from both Deal Book and Deal Breaker listed on Swarm the Banks. I guess I mistook Deal Breaker for Deal Book this morning as I rushed to check out some blogs before heading out for a very buys day. lol, Deal Book and Deal Breaker are not the same thing.

Yes, I was banned from Deal Breaker. Would be nice if a few people visited them and absorbed their old school narcissism about investment banking and their lust for huge bonuses they allegedly "earn". If you banter, be polite, I'm curious if they ban anyone who disagrees with them.

Deal Book is open to various points of view, whereas Deal Breaker reminds me of the scene from The Fugitive when the bus careens off the road.

Imagine as the bus is flipping over and over down a never ending mountainside that people inside the bus are fighting each other to see who can grab onto the steering wheel to steer, that is the type of mentality I encountered at Deal Breaker, people seem completely oblivious to the plight of main street and their role in it, and they're arrogantly proud of it.

Check them out, then perform a full body scrub.

But know your enemy, because they really don't comprehend how out of touch they are, and the damage they continue to do to the country and the world with their securitization sleight of hand.

I doubt the posters are that old as they think nothing of ridiculing someone who uses a real name while they pose as anonymous.

You are viewing Swarm The Banks. Please check out Parallel Foreclosure blog and UNfair Foreclosures blog as well.

Washington Post Article wants us to believe that Investors are now aligned with homeowners!

Washington Post Article wants us to believe that Investors are now aligned with homeowners!

You are viewing Swarm The Banks blog . Please check out UNfair Foreclosures blog and Parallel Foreclosure blog as well.

So many important foreclosure related articles in just the past day or so, here are links to just some of them.

January 13, 2010 and all of these important stories have come out in just the past day and a half.

Bankers, Quit Selling your Homes.

All Value is Perceived Value.

Banks Walking Away from Houses.

More Time on Ransom (Supreme Court Case)

The Term Investors is a Fraudulent Term when describing investments in Securitizations. Securitization Investors are actually REINVESTORS.

Bad Real Estate News Ignored to Spin Bright Future.

The Fed has Spoken: No Bailout for Main Street.

Non Profits Getting First Shot at Foreclosed Homes.

My Own FraudClosure Story (from Foreclosure Hamlet)

Breaking News, the most important article regarding the future of our banks and homeowners you may read in 2011 has been written by Eleanor Bloxham.

Click here to read the entire article by Eleanor Bloxham

I fell in love with the headline, Bankers: Quit selling your loans, and I loved the simple, straight forward approach Eleanor Bloxham takes regarding the banks infatuation with securitization.

So, can Wall Street explain to Main Street why their ongoing addiction to mortgage securitizations are a good thing for Main Street?

Mortgage mess: Worried your bank may go after your other assets if you're in foreclosure? - South Florida Sun-Sentinel.com

Mortgage mess: Worried your bank may go after your other assets if you're in foreclosure? - South Florida Sun-Sentinel.com by Doreen Hemlock

The article link above is another reason why I think the government's non response is to the mortgage crisis is basically criminal. Not only are some homeowners losing their original down payment and any actual equity built up in their homes, and not only are the new "homeowners" getting an incredible deal on their foreclosed home, the foreclosed homeowner may then become an indentured servant as well.

I believe members of our government have violated the Federal Hobbs Act, the extortion clause, by sanctioning the removal of property assets from homeowners under the color of right, even when they were apprised that wrongdoing was going on.

Swarm the Banks dot com and Parallel Foreclosure dot com welcomes UnFair Foreclosures dot com to its anti-financial terrorist family of blogs.

I don't know if it is a good day or not when I can launch another foreclosure blog called Unfair Foreclosures dot com and not have a problem finding material for it. During the month of January 2011, Unfair Foreclosures will be focusing on Cancer foreclosure victims who have to take their precious stamina reserved for fighting their cancer and instead have to divide it up so they can also fight the banksters trying to take their home.

Amazing isn't it, Banksters learned how to split and re split and split again the same home properties into wall street securitization investment schemes, while cancer victims have to learn how to split their remaining strength to fend off their own cancer, and the banksters foreclosure actions.

Our president appears to have spent the first half of his term fighting for healthcare reform while doing little to nothing for cancer foreclosure reform.

Massachusetts Supreme Court Securitization Ruling was one that Swarm The Banks predicted in articles from late November and early December of 2010.

There have been many established bloggers over the past few years who have been warning about how fragile the securitization process was.

Swarm the Banks is pleased to have taken its own, less educated path to the same conclusion. In late November and Early December of 2010, Swarm the Banks simply stated that any change in terms to an original banking note should not be considered valid without the expressed written consent of the mortgage payer each and every time the mortgage note changed hands.

While it is easy to dismiss such a simplistic view of a complicated securitization process, the point Swarm the Banks was making is that no matter how convoluted a series of securitization processes are, there should be a common sense solution. It appears the Massachusetts Supreme Court is saying that there can be no change in terms without the approval of the mortgage payer with each and every transfer of the note.

If the Massachusetts Supreme court is not saying A Change in Terms with out the expressed written consent of the mortgage payer is prohibited, they should!

Foreclosure Mediation being forced down the banksters throats one way or another.

Back in August of 2010, Swarm the Banks questioned why Florida Mediation proposals appeared to have been ignored. Now it appears that that city of Boston is also beating the same foreclosure mediation drum as well. Swarm the Banks applauds the City of Boston for initiating foreclosure mediation legislation.

Swarm the Banks also applauds The Legal Aid Society of Southwest Ohio for filing a lawsuit in the U.S. District Court for the Southern District of Ohio on behalf of John Sinclair. Their contention is that foreclosure mediation was not offered before foreclosure was initiated.

The mediation issue is huge. Suing for the right to negotiate prior to a foreclosure could result in untold numbers of homeowners filing copycat lawsuits who were also not given the chance to negotiate prior to foreclosure.

Lack of mediation rights falls in line with my overall criticism of securitizations. So perhaps my take on the Government using HAMP to swindle homeowners out of their homes may be valid as well.

Yes, Hillary Clinton had a better home foreclosure plan than Barack Obama, and that is why Wall Street Chose Barack Obama over Hillary Clinton.

1. Does anyone still wonder if the wrong democrat was nominated for president in 2008?
2. Does anyone still wonder why Wall Street backed Barack Obama over Hillary Clinton?
3. Does anyone see what a thorn Hillary Clinton would have been over the home foreclosure issue to Barack Obama's administration if she had stayed in Congress?
4. Does anybody understand now, why Ted Kennedy publicly dissed Hillary Clinton in 2008 by bypassing her for the healthcare commission chair in the Senate, making it easier for her to accept Barack Obama's secretary of state role?

Does anybody see the hidden conspiracy in all of this, probably orchestrated by George Soros to keep Hillary Clinton out of the senate and out of the presidency as well?

I've written extensively about the democratic caucus cheating that went on during the 2008 democratic presidential nonmination process and how nothing has changed for the 2012 democratic presidential nomination process.

Maybe the best hope we have for 2012 is if several democratic challengers emerge and they all reduce Barack Obama's appeal to the point where Hillary Clinton is asked to be the nominee.

Sad way to end 2010, Tornados devastate communities in Arkansas, Missouri and possibly more states as well.

Bankers should look at this footage over and over so they can see the kind of damage they do to people everyday using electronic and paper documents that add up to foreclosure, even when they should not. I feel badly for the people in these small communities that lost their homes.

On second thought, if bankers were to look at the devastation, i wonder if they would try and come up with a hedge fund for future Tornado devastation.

As for us everyday folk, it becomes easy to think, it's new years eve and nothing bad should happen, but they do. There was another version of this news story that mentioned a man being lifted in the air and carried a quarter of a mile, he is expected to survive.

There was also a shot of furniture in a tree, an awful counterpunch to the Christmas tree that may have been inside the home with small ornaments decorating it. I could not find those last two stories in this version of the youtube video but thought I would share what I heard as those are two powerful stories to know about as well.

In Barack Obama's home town of Chicago, Local Banks work with families to Redo predatory loans.

I discovered a quaint bank in Chicago that probably helps explain how Barack and Michelle Obama worked their way into several philanthropic foundations in and throughout the Chicago, area. It is also an excellent reminder on how banks can work locally to stabilize local communities.

This local Chicago area bank's mission may also help explain why Barack Obama doesn't seem too pre-occupied with helping the rest of the country with their foreclosure problems. You see, the people Barack Obama grew up with in Illinois, the people who he collaborated with while a community activist, the people who supported and launched his political career, had a financial base to work from.

And that financial base was called Shore Bank. So when you hear Barack Obama say, "You would have defaulted anyways even if you had gotten your HAMP mod", remember, Barack Obama would NEVER say that to the communities he served while a Chicago area community activist.

Meanwhile, Banks belonging to ING Direct say NO to HAMP and redoing predatory loans, that's what you and I and the rest of the country get.

I can't prove a connection exists, I don't know if a connection exists, but I wonder if Barack Obama's 2009 Nobel Peace Prize came with any quid pro quo attached to it involving companies like ING group. Sort of like, here's your nobel peace prize, you go ahead and offer HAMP in your country, but understand that our banking region will not support HAMP in any way and reject any attempt by americans to try and get a HAMP modification loan from securitization funds that came from ING direct investors.

Barack Obama's adult life was spent in Chicago, a region that provided financial assistance for homeowners that other parts of america can only dream of.

ING GROUP and the Nobel Peace Prize are not necessarily connected in any way that I know of other than they reside in the same relative geographical area. Was the Nobel Peace Prize a way to "soften up" Barack Obama so that he just looks the other way over all the HAMP abuse such as parallel foreclosure that americans are being put through because after the fact investors such as ING Group don't want to see their profit margin cut?

CTWatchdog - Bank Of America’s Christmas present: Foreclose Even Though Not A Payment Missed - But its much much WORSE than that!

CTWatchdog - Bank Of America’s Christmas present: Foreclose Even Though Not A Payment Missed - But its much much worse than that!

This is the probably the worst story I have read about HAMP, Bank of America, Foreclosure, and the RUSH TO DAMAGE A HOMEOWNERS CREDIT SCORE just for applying for HAMP.

THIS HAS TO BE A FEDERAL HOBBS ACT VIOLATION, THE EXTORTION CLAUSE ! The mere act of applying for HAMP SHOULD IN NO WAY ADVERSELY AFFECT ONES CREDIT SCORE WITHOUT NOTIFYING THE HOMEOWNER OF THE CONSEQUENCES, FIRST.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

NPR "A Mistake that Stole Christmas? A Foreclosure Story, also a Parallel Foreclosure Story.

NPR "A Mistake that Stole Christmas? A Foreclosure Story, also a Parallel Foreclosure story!

I'm thinking of doing a comedy skit about my desire to see a SECOND foreclosure news reporter actually use the phrase "Parallel Foreclosure" (as publicly defined by both Chase Bank and Bank of America) since parallel foreclosures may have become the biggest blight against the HAMP program.

Reporter Sarah Buduson broke the story behind "Parallel Foreclosure" in the fall of 2009, and now over a year later, and its as if her television report never happened.

Dec. 15, 2010 Mortgage Services and Foreclosure Practices - CSPAN link

If the video is not working up above, please click here.

Two of the "stars" of this video are supposed to be Vanessa Fluker and Sandra Hines. I had a bit of a problem with both of their testimonies. Sandra Hines gave no financial details about what actually happened in her situation, and actually admitted she had relatives in

real estate that she found after being evicted from her home. Ms. Hines also mentioned that her mom had said to never refinance the house after it had been paid off.

Vanessa Fluker gave a powerful accounting of why banks may want to foreclose rather than modify a mortgage, but was she correct when she said that the banks collect 100% from mortgage insurance, and that it was 100% of the mortgage, not what the house's value may have plummeted to?

I want to give props to CSPAN for the embed feature that allow bloggers to embed a shorter clip if they desire, very cool. I wish Youtube had that feature, however, it appears that the embed feature is not working!

Can someone who know about mortgage insurance reimbursement please share their knowledge as to what is actually paid out when a claim is made by the bank? I had read that mortgage insurance only covered 20% of the value or 20% of the actual mortgage. That 20% figure seems low to me, but, is it 100% as Vanessa Fluker claims?