Notary who blew whistle on foreclosure fraud found dead

Notary who blew whistle on foreclosure fraud found dead.  

LAS VEGAS (KSNV MyNews3) -- The notary who signed tens of thousands of false documents in a massive robo-signing scandal case was found dead in her home on Monday.

The notary, 43-year-old Tracy Lawrence, was supposed to be in court at 8:30 Monday morning for her sentencing hearing. When her attorney did not hear from her for more than an hour, Sr. Deputy Attorney General Robert Giunta asked for a bench warrant to be issued for Lawrence. The judge denied the request. 

Read the rest of the story at the link provided above.

JP Morgan Chase Disgrace, the never ending tale of the damage Chase Bank has done to their customers over the past several years.

Just start reading some of the comments about Chase Bank and their banking practices and it makes you want to fume. Or, Occupy.   


If Justifiable Debt Restructure were allowed, ALL of these people could have fought back. Right now, they have no tools to fight back.


Read it and weep, get angry, occupy, but remember that this is what people have been dealing with for the past several years.


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Irish Banks Face Mortgage Strikes.

Stupid, Stupid, Stupid billionaires and trillionaires. 
Let it go. 
Reasonable interest rates or just die. Seriously. Do us all a favor and either accept reasonable interest rates, or just die. Click here to go to the story below.

CLICK HERE TO SEE THE ABOVE STORY.

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Why did the Federal Reserve and the U.S. Government step aside 10 years ago and let Wall Street and their "investors" run the home mortgage show over the past Decade?

(Edit note Sat. Nov. 12, 5:16:00 pm, I have changed the title of this article to more accurately reflect the content that was created).


Why did the government and the federal reserve step aside and allow wall street to move in and become the direct beneficiary of mortgage securitizations while also allowing wall street's "investors" to be the direct underwriters of home mortgages as well?


If the federal reserve (a non governmental agency), or the U.S. government had offered mortgage securitization bonds to wall street, homeowners would have still been protected and insulated from the past 10 years of wall street investment shenanigans because they would have been PROTECTED by our own government from such dangerous nonsense.


Instead, a little over ten years ago it appears the government and the federal reserve simply stepped aside and allowed wall street's influence and their investor's money direct access to the homeowner. Wall street and wall street investor's "profit at all costs" agenda was diametrically different to the federal reserve and our own government's home mortgage track record.

Our own government might see the value in restructuring a mortgage so that the homeowner can keep making regular payments on time. Wall Street didn't care, and our entire economy caved in even as Wall Street rewarded itself with obscene amounts of bonuses.

Wall Street seemed to have created quite the mortgage ponzie scheme. If homeowners make their mortgage payments on time, wall street would profit handsomely from wall street mortgage securitization investment deals that were already in place. If the homeowner failed to make their mortgage payments on time, Wall Street had other investment schemes in place in which they would also profit handsomely based on homeowners' failing to make their mortgage payments! 


Mortgage servicers also started profiting from the excessive fees and penalties they tacked onto struggling homeowners for the most minor of infractions. One homeowner lost his home over a 13 cent mistake! This would never have happened when the government and the federal reserve were directly involved in all mortgage agreements.


So why did the federal reserve and the government not keep doing what they had been doing for well more than half of a century?  Was the rescinding of Glass Stegall the reason that the government and the federal reserve seemed to become disinterested parties regarding what went on with home mortgages?                                                

Just because Glass Steagall was rescinded does not excuse the U.S. government or the Federal Reserve from becoming disinterested in the home mortgage industry, yet that is exactly what the federal reserve and our own government did to the american people.

Maybe allowing the federal reserve and our own government to print money without parallel responsibilities makes having a working relationship with homeowners...kind of boring??? 

Why have a working relationship with the 99% if you can just print money at will and hand it out to your billionaire and trillionaire friends and let them do the work for you! And we all know that every billionaire and trillionaire out there earned their all of their wealth in a completely righteous and honest manner. (sarcasm alert).

Did our own government and the federal reserve simply get out of the home mortgage business so they could get into the "print money for wars" scenario instead? Did the government stop being directly involved in home mortgages so they could print money for other purposes such as war? Did our own government and the federal reserve aid and abet specific companies that profited handsomely from war and who may have then contributed to the politicians who made them rich? If this is the case, people need to be tried, convicted, and jailed.  


Welcome to the Occupy Movement.


Who approved absolving the federal reserve and the U.S. government from directly backing U.S. mortgages?  Did the U.S. government and federal reserve's lack of responsibility when it came to backing home mortgages rise to the level of conspiracy against U.S. citizens?


Presently, debt restructuring first requires a default by the debtor, no doubt because that is what wall street and their greedy  investors wanted. Yes, you are a greedy investor if you happily forced homeowners to pay huge penalties and fees on poorly constructed home loans, or cause the homeowner to lose their home if they didn't pay the huge penalties and fees.


Our own government's direct involvement in home mortgages would have afforded more flexibility in offering justifiable debt restructuring without first requiring a default by the debtor, especially when it became clear that the economy was not doing well.

So again it must be asked, why did the U.S. government and the Federal Reserve step aside and expose homeowners DIRECTLY to the seedy hands of wall street and their investor's "profit no matter what happens" scenario almost 11 years ago?

The 99% needs to fight to get a debt restructuring without a default declaration passed into law plan or millions more americans will unfairly lose their homes to the same unseemly wall street characters that caused their need for debt restructure in the first place. 


If our government and the Federal Reserve continues to drag their feet over justifiable debt restructuring without a default, they too need to be put on trial.


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Trillionaires, Billionaires, Higher Taxes, and interest rate charges are to blame for the world wide economic problems.

The more corporations are taxed, the less they will spend on new employment, even less than they currently do.


I believe our economic issues are entirely related to interest rate charges. The endemic belief that interest rate charges are normal and ongoing is destroying everybody but the trillionaire's wealth base.


Democrats like to talk about how past taxation created successfully run government public jobs programs over the past 85 years. However what fails to get mentioned is that whenever the government used taxation to create a public jobs program, that program actually helped increase the efficiency of some aspect of our industrialized nation.  


Whether it was making roadways, laying down sewage pipes, phone lines, building the Hoover Dam, dredging the Mississippi River or buildinga new suspension bridge where one did not exist before, anytime the government converted tax money into job generation they were creating new and more efficient ways for small and large businesses to create commerce.


85 years later, and much of the country and the world is built out. The types of government projects that resulted in increased commerce 85 years ago either are now too costly to perform or would directly compete with businesses already doing the same kind of work. 


The answer to our present economic woes is for all the trillionaires and billionaires to accept the concept that their money is NO LONGER NEEDED. Trillionaires and billionaires no longer need to be getting the highest rate of return on their deposits or investment opportunities. 


Until lower interest rates returns on secured bank deposits happens, the trillionaires and billionaires are to blame for the present economic destruction of main street. Trillionaires and billionaires should be getting the LOWEST rate of return on their secured bank investments.

Higher taxation and paying the highest interest rate of return to the trillionaires and billionaires puts too much pressure on wall street and other investment portals to find higher profit margin investments. 

The result is a strong and steady U.S. companies are blindsided by wall street and the investment fund managers who then try and create the same company in other countries where profit margins are higher and the work force is paid much less. All in the name of meeting the profit requirements as dictated by the trillionaires and billionaires. 


NOBODY ever talks about interest rates dividends and charges and the destruction they are teeming on a global scale, and it just freaks me out.


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Hat Tip to Zero Hedge for exposing the Chase Bank, "Housing, a Time To Buy" investment document.

Zero Hedge found this interesting Chase Bank Document called, "Housing, a Time to Buy", by Dr. David Kelly and David Lebovitz.


The excerpt I found particularly revealing was the revelation by Chase Bank that "Since the first quarter of 2006, the value of home equity (in the United States) has fallen from 13.5 trillion to 6.2 trillion, a 54% decline".


U.S. Homeowners have lost 7.3 trillion in home equity between the first quarter of 2006 through 2010. Factor in that at least 5 million homeowners were foreclosed upon during that time period and that it was a new homeowner that benefited by buying the home at a fraction of what the prior homeowner had paid for the home. 


The argument could be made that the loss of home equity was even greater than 7.3 trillion since the banks have repossessed so many homes.


In some instances, employees of the banks could have prioritized placing their own families, friends or business associates into homes that had been repossessed and were incredible values.


So it is possible that the 2006 homeowners lost even more than 7.3 trillion, perhaps as much as 8 to 9 trillion.


Meanwhile, the ratio of Credit Card debt to home equity has doubled, crippling the buying power of main street. 

Yet, to this day, no debt, be it credit card, student loan, or home mortgage, can be restructured unless the debtor is first defaulted upon by the banks.

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Why the Economy won't get much better anytime soon, and yes it's entirely the bank's fault.

I was watching Conan Nolan on KNBC in Los Angeles less than an hour ago and UCLA economist Jerry Nickelsburg said something that I found amazing, and very troubling as well.

The UCLA economist said "When you restructure debt, that's technically a default".

View more videos at: http://nbclosangeles.com.

You can find the exact comment at 3 minutes and 26 seconds. I set the embed code to that point but it does not appear to be working. However you can scroll to that spot if you like. Maybe you can, or maybe not.  NBC seems to have 2 to 3 month curve before they fix problems like this. It's really sad actually.

Well, there it is, the bible of what makes banks tick, and how they are ruining the planet. "When you restructure debt, that's technically a default".

There are hundreds of millions of people who lost half of their wealth in a relatively short amount of time back in 2008. While bankers can argue that what these millions of people lost was falsely inflated wealth, these millions of people borrowed money knowing they had the assets to back up their borrowing.

Once a tremendous amount of assets were lost almost overnight, the debt people had taken on still existed. 

Assets were cut in half for millions upon millions of law abiding citizens, yet according to the narcissistic banking and governmental interests, the debt and the interest rate on the debt stays the same. And lets not forget it was the banks that created the false rise and real crash of wealth worldwide.

One simple banking rule, that restructuring debt is considered a default, is paralyzing the world's economy.

Ask anyone who applied for HAMP if they were not first required to default before they could even apply for a Home Affordable Mortgage Payment.

In 2008 and 2009 Chase Bank changed terms on a few million of their own credit card customers who had life of the loan low interest rate agreements, yet Chase Bank denied it had defaulted.

Chase Bank's Change in Terms robbed their customers of BILLIONS OF DOLLARS in SAVINGS by forcing the customers to pay off their Chase Bank low interest rate card before their higher interest rate cards.

Somebody needs to step in and slap the bankers and change the rules. Bankers and the government use the term default to destroy people's credit ratings and force them into higher interest rate loans if they simply (edit note, Jan 28, 2013, "simply" was a poor word choice. I should have linked it to a "dire circumstance", there are certain situations in which a dire circumstance, perhaps not even of the person's choosing, could cause them to ask for a change in terms.) ask for a change in terms on an existing agreement.

To use the term default ANYTIME a consumer requests a change in terms, when bankers themselves change terms all the time with no punishment, is creating a double standard that needs to change.

Change anyone?

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Homeowners not underwater may face greater loss of wealth than those who are underwater.

There are MORE HOMEOWNERS who ARE NOT underwater than are underwater. The continual laserlike focus on those who are underwater while not publicizing the plight of those who could lose significant amounts of built up home equity, is a divide and conquer technique that many bloggers appear to have fallen for.

Losing one's job can freeze a homeowners line of equity that may have taken years to create via an initial down payment and years of making monthly payments.

Losing one's job, or perhaps not being employable because one is caretaking for a family member (as 70 MILLION americans presently do) can lead to the loss of WEALTH through foreclosure.

The continual overfocus by the media and bloggers on homeowners who are upside on their home mortgage while virtually NO PUBLICITY is given to those who are actually being robbed of their own earned wealth serves the banking interests.

Not discussing the loss of actual wealth for homeowners who are out of work or are taking care of another family member actually weakens the position of those underwater by dividing and conquering the various homeowner situations that presently exist.

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Standard and Poors confiscates the excessive consumer credit card interest rate profits U.S. banks were charging american consumers.

For years I have been advocating the United States government and banking institutions quit relying on excessive consumer credit card interest rate charges as a way to profit from the poor and middle class. Apparently Standard and Poors agrees with me and they have now confiscated the credit card interest rate profiteering that the banks and our government have been engaging in in ever increasing volume over the past decade and a half, by lowering the U.S. credit rating.

The Standard and Poors U.S. credit rating reduction may result in an annual surcharge of 75 billion dollars against main street and those already in debt. I estimate that every year consumers pay around 100 billion to 175 billion in credit card interest rate charges.

Instead of cutting the interest rate obligation for those who would agree to keep paying DOWN their overall credit card debt, Standard and Poors just stepped in and STOLE what should have been credit card debt interest rate relief for main street.

We live in a time when LESS overall consumer debt IS A GOOD THING, yet the government, news media and wall street continues to bray out loud that main street is desperate for access to additional high interest rate credit card debt. Our own government and wall street has allowed their own credit card interest rate greed to hit main street america once more in the pocket book.

The extra profiteering that the banks and the U.S. government were making off of credit card interest rate charges has just been siphoned off by Standard and Poors. Sadly, bankers, wall street and the government will use the standard and poors U.S. credit rating reduction as an excuse to RAISE interest rates against main street, when it is painfully obvious that those who are in debt need some type of RESPONSIBLE RELIEF.

A reduction in main street's debt would be achieved by lowering credit card interest rates on debt that has already been accrued, which would actually improve the United States economy moreso than raising interest rates in general.

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Consumer Financial Protection Agency hits the ground running, tell them your story.

I emailed the Consumer Financial Protection Agency my story, and they sent me an email back asking if I knew anybody that needed their story told. Here is the response that I got from the CFPA.

"Thank you. We're working to make markets for consumer financial products and services work in a fair, transparent, and competitive manner and your story is invaluable to that work.

Are there others we should hear from? Forward this message to them and ask them to visit https://help.consumerfinance.gov/app/tellyourstory

The information you've given us will help us understand your experiences as a consumer and give us an up-to-date picture of the consumer marketplace.Thank you,Consumer Financial Protection Bureau

consumerfinance.gov--If you need help, file a complaint: consumerfinance.gov"

(End of email)

I suggest that you structure your comments so that it briefly tells your story but don't give every bit of information, and conclude your letter with what you think SHOULD HAVE HAPPENED.

I think you summarizing your letter with what you think SHOULD HAVE HAPPENED, after briefly telling what did happen, is very very important. If you spend too much time in your email being angry, or giving out way too much information, you may lose them before they get to your terrific SUMMARY OF WHAT SHOULD HAVE HAPPENED.

When you think about it, the reason you are angry is because you have a sense of what would have been fair, and what you thought would have been fair was IGNORED and possibly not even considered by the bankers.

If you stick to what you think would have been a fair solution regarding how the unmotivated, lazy bankers screwed you, the CFPA can possibly propose solutions based on your experiences!

It's the bankers that hide behind rules and regulations as excuses for why they cannot change anything, yet spend tens of millions (and probably way more) lobbying congress all the time to keep their fat bonuses and salaries, and the CFPA may be our chance to fix what the lazy bankers don't feel like fixing.

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Bank of America agrees to $8.5 billion settlement on fraud claims

World Socialist Web Site reports on Bank of America 8.5 billion dollar settlement with "investors".

Bank of America agrees to $8.5 billion settlement on fraud claims

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.

Homeowners, tell your story! Be inspired by the Chase Bank, David Lowman firing.

Lets celebrate not only the David Lowman firing, but the protestor who was arrested for calling Mr. Lowman a liar at the Nov. 16, 2010 congressional hearing on home mortgage services and practices.

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Calling all homeowner bloggers, Swarm the Banks wants to feature your blog!

It has become painfully aware to me that NOBODY is championing the right of a homeowner who is NOT underwater to be able to tap home equity if they are not working. Even if the home equity amount being tapped is still well within the prescribed 2/3's value of total built up home equity that ensures a bank can re sell the home and get back their money if the homeowner skips, banks won't allow an unemployed worker to tap any home equity from their home.

I would be ok with this if the government did not allow banks to STEAL built up home equity and the original down payment when they repossess a home. Virtually NONE of the blogs featured on swarm the banks is concerned about homeowners who may lose built up home equity and their down payment as well when a foreclosure occurs.

If you are a homeowner and feel you did the right thing by taking care of a family member, or perhaps are one of 15 million americans taking care of a family member with alzheimer's, and cannot work for that reason, maybe you should consider blogging about how the banks and the government are squeezing you out of your home and all the built up home equity you have in your home.

I'll create top priority blog placement for bloggers involved in keeping their home who are being denied fair access to home equity and their original down payment.

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Reader Pattie Pinpoints the EXACT ISSUE regarding the REAL HOUSING CRISIS in a Swarm The Banks commentary.

Pattie has left a new comment on your post "NACA Los Angeles Convention Center "Save the Dream...":

"NACA is back in LA June 2-6. We went to try and get help numerous times last time they were in LA. But received no assistance at all. Seems that they only help people that are behind on their loans. Not those who have tried to keep current on their loans by borrowing from family, draining savings, selling everything they have, doing without food and medical necessities..... Just to keep current on their mortgage.

We definitely can not keep up with our bills and mortgage due to pay and hour cuts and high medical costs. Yet we were told by Naca, the only way they could help us is if we stop paying our mortgage. On top of everything else, we do not want to take a chance in losing our home. But that is what NACA is asking to MAYBE help us get a lower interest rate and lower the payment.

Can this deceptive practice be looked into? Shouldn't they (NACA) also be helping the people who are "trying to do the right thing" and pay the people they owe? Is it right for them to ask you to stop paying creditors just to get help from them?"

Thank you so much for your time,

Patricia R (she continues below)

"Its not about buying more than you can afford. Its about pay cuts, hour cuts, and just plain layoffs. Who can plan for that? If you plan to be jobless……then your mortgage should be zero dollars a month. Is that possible? Our mortgage was only 20% of our income until my husband experienced pay and hour cuts and I got a cut in disability payments. I cant work and my husband took on a second job. We are trying…..but still not making ends meet. Definitely NO money for much needed medical care. Is this OUR fault? "

Patricia, what you are experiencing is the triangulation of our country into three segmented communities, two of those communities, die hard republican and die hard democrats, are being represented, but there is a third component which is being completely ignored by Barack Obama, the Democrats, the Republicans, and the Media as well.

What you are also experiencing is what I have been warning about for the past couple of years. The media news outlets have purposely carved out ultra right and ultra left positions on virtually all news stories, forcing those in the middle to "choose" one side or the other, or be left out in the cold.

Main street IS NOT necessarily connected with being a union worker with a government job, yet the media has purposely merged these two groups together in an epic struggle against the budget cutting republicans.

The REAL issue is, if you present a monthly budget that proves you could pay your monthy bills, pay down your debts, and pay your mortgage with lower interest rates on your credit card debt and mortgage, the government is less interested in helping you than the people who allow parallel foreclosure and dual track foreclosure to commence before they can even apply for help.

Barack Obama and his administration appears like he is helping homeowners when he is actually helping enable a massive theft of homeowner property of the likes unseen before. A republican president would have been just as bad, maybe worse.

Hillary Clinton represented true main street and the media has tilted to the far left and right, marginalizing tens of millions of people into nothingness.

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Red Cross Helps Tornado Survivors Cope With Tragedy

Red Cross Helps Tornado Survivors Cope With Tragedy

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.