homeowners win case against bank

[Truthmatters]

Economy Watch - Homeowners battle banks to stop foreclosures ... and win

 

[Truthmatters]

When these homeowners get to court, they find a laundry list of shoddy practices that undercut lenders’ legal claim to foreclose, say consumer attorneys who have pursued these cases. Many cases are tainted by “robo-signers” who failed to properly review files, despite swearing under oath they had done so. Other title claims are undone by improper accounting, including unwarranted fees, and payments that were not credited.

Consumer attorneys also are attacking lenders’ effort to paper over missing links in the chain of documents required to prove that a bank owns a loan and has the right to foreclose. Some of those defective paper trails date to the sloppy underwriting that accompanied the frenzy of mortgage lending in the 2000s, when hundreds of now-defunct lenders churned out a blizzard of notes that were instantly offloaded to investors.

“There are more (homeowner) claims because lenders operated in flagrant disregard of the law,” said Diana Thompson, a veteran consumer attorney with the National Consumer Law Center. “You only have a claim against the lender if the lender didn't do what they were supposed to do.”


http://economywatch.msnbc.msn.com/_...ers-battle-banks-to-stop-foreclosures-and-win

 

[Truthmatters]

This is who the right wants to have complete control of uor country.

 

[California Girl]

This is who the right wants to have complete control of uor country.

At the risk of repeating myself.... liar.

 

[Truthmatters]

this is what deregulation gets the American people you fool

 

[California Girl]

this is what deregulation gets the American people you fool

Tell that to Clinton.

Idiot.

 

[Truthmatters]

The bill Clinton signed was never implimented by Bush and team

 

[Truthmatters]

SEC Votes for Final Rules Defining How Banks Can Be Securities Brokers
Eight Years After Passage of the Gramm-Leach-Bliley Act, Key Provisions Will Now Be Implemented
FOR IMMEDIATE RELEASE
2007-190
Washington, D.C., Sept. 19, 2007 - Ending eight years of stalled negotiations and impasse, the Commission today voted to adopt, jointly with the Board of Governors of the Federal Reserve System (Board), new rules that will finally implement the bank broker provisions of the Gramm-Leach-Bliley Act of 1999. The Board will consider these final rules at its Sept. 24, 2007 meeting. The Commission and the Board consulted with and sought the concurrence of the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Office of Thrift Supervision.

 

[Truthmatters]

They gamed the regulations in the bill so they were not implimented until AFTER this mess was made by the republicans

 

[Truthmatters]

Do you even fucking care your assholes ruined so many American lives?

 

[syrenn]

Do you even fucking care your assholes ruined so many American lives?

No one forced them to purchase homes that they could not afford.

 

[California Girl]

Do you even fucking care your assholes ruined so many American lives?

You're a fucking idiot. Do you even fucking care about that?

 

[syrenn]

This is who the right wants to have complete control of uor country.

 

[Truthmatters]

funny how you people just ignore that the banks cheated like fucking criminals

 

[Ernie S.]

Welcome back, Truthmatters!

 

[Truthmatters]

The Bush team held back all the protections for YEARS in the GLB act.


It is cold hard court documented fact.

The banks broke what laws were left anyway.

They are who you want deregulated.

So they can distroy lives with impunity

 

[syrenn]

funny how you people just ignore that the banks cheated like fucking criminals

I don't care what the banks did or did not do. The borrower is the one who signs on the lines and AGREES to it all.


No one forced anyone to purchase a home they could not afford. Its too bad that greed for more then what you can pay for is what put so many people into this situation.

 

[Truthmatters]

defending the banks for cheating the American people is who the right is in this country now

 

[Truthmatters]

Its like your party doesnt care about voters.

You cant cheat enough to win with that platform

 

[syrenn]

And hopefully the off shot of all of this is that banks will go back to the old practices of demanding 20-30% cash down on a mortgage before they even consider giving anyone a loan


But then of course the the likes of liesmatters will all scream...... the poor the poor.... no one will lend to the poor.