Weekend Digest - April 30 to May 4, 2012 - ForeclosureGate Gazette
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This Edition Of The ForeclosureGate Gazette Contains Active Links WEEKEND DIGEST APRIL 30 – MAY 4, 2012ACADEMIA ADVERSARIES ADVOCATES BLOGOSPHERE LEGAL LEGISLATE OP-ED HOMEOWNERS NEWS ForeclosureGate Is A Public Service Homeowner Coalition And Cooperative, Created ToExchange News And Information And To Advance Justice For American Homeowners2012 MONDAYAPRIL 30 Californians Sit By While Big Banks Attempt To Destroy 'Homeowner Bill Of Rights' Amid raucous boos and hisses from a packed hearing room gallery, an Assembly committee on Monday suddenly pulled two mortgage reform bills sponsored by Attorney General Kamala Harris – just before she was supposed to testify….Foreclosures rise in many U.S. cities Foreclosures are on the rise in parts of the U.S., according to new data from RealtyTrac. Foreclosure activity rose for the first quarter in 114 out of the 212 metropolitan areas around the nation surveyed by the real-estate industry research firm. Foreclosures increased from the previous quarter in 26 of the nation's 50 largest metro areas…. Federal Judge Magner: Wells Fargo’sBehavior “Highly Reprehensible” “Wells Fargo has taken advantage of borrowers who rely on it to accurately apply payments and calculate the amounts owed, but perhaps more disturbing is Wells Fargo’s refusal to voluntarily correct its errors. It prefers to rely on the ignorance of borrowers or their inability to fund a challenge to its demands….Occupy the regulatory system! Kline, a former Wall Street trader-turned-Occupier, is a member of Occupy the SEC, an offshoot ofthe large movement that has burrowed deep into the regulatory process. At this moment, she’s trying to figure out if the drafting of the VolckerRule — a provision of President Obama’s Wall Street overhaul that would restrict commercial banks….Does my voter registration move with me? No. If you move within your existing county, you must complete a new voter registration form to update your new address. If you move to a different county or state, you must re-registerwith your new county and/or state. To find this information, visit your state election office’s Web site. Bank of America faces hurdles in rentals To help struggling homeowners, Bank of America recently launched a test initiative that will give some a chance to rent the very homes they risk losing. Last week, the Charlotte, NC-based bank began sending letters accompanied with leases to 1,000 homeowners in Arizona, Nevada and New York….Former CFO of Taylor Bean & WhitakerPleads Guilty to Fraud Scheme “With our nation in a housing crisis, de Armas, as chief financial officer of TBW, one of the country’s largest mortgage lenders, papered overa gaping hole in the balance sheet of TBW subsidiary Ocala Funding and lied to regulators and investors to cover it up,” said Christy Romero, Deputy Special Inspector General forBruce Bartlett on Where the Right Went Wrong Among the people who saw this crisis coming was the conservative economist Bruce Bartlett, the supply-side champion who wrote the manifesto forthe Reagan Revolution. Bartlett became a seniorpolicy analyst in the Reagan White House and a top official at the Treasury Department under the first George Bush. Yet for all those credentials, he is today an outcast from the very conservative
Weekend Digest - April 30 to May 4, 2012 - ForeclosureGate Gazette
