By Phil Querin, Attorney On March 5, 2012, the Oregon Legislature passed a sweeping series of changes to its trust deed foreclosure law, SB 1552. Once signed by the Governor it will become effective 91 days hence. What follows is a summary of (a) the new mandatory mediation law that, after the effective date, will [...]
Archive for the ‘Foreclosures’ Category
Oregon’s SB 1552 Analyzed – Mandatory Mediation Law (For Trust Deed Foreclosures) | Querin Law
Posted in Banking, Foreclosures, Legal, Legislation on March 25, 2012 | Leave a Comment »
New York’s U.S. Bankruptcy Court Rules MERS’s Business Model Is Illegal | Huffington Post
Posted in Banking, Foreclosures, Fraud, Legal on February 16, 2012 | Leave a Comment »
By L Randall Wray United States Bankruptcy Judge Robert Grossman has ruled that MERS’s business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately [...]
New York Sues 3 Big Banks Over Mortgage Database | Reuters
Posted in Banking, Foreclosures, Fraud, Legal on February 3, 2012 | Leave a Comment »
Attorney General Eric T. Schneiderman of New York sued three major banks on Friday, accusing them of fraud in their use of an electronic mortgage database that he said resulted in deceptive and illegal practices, including false documents in foreclosure proceedings. Mr. Schneiderman, co-chairman of a new mortgage crisis unit under President Obama, filed a [...]
Criminal Charges Loom For Goldman Sachs After Scathing Senate Report | Forbes
Posted in America, Banking, Corruption, Economics, Foreclosures, Fraud, Governance on April 14, 2011 | Leave a Comment »
By Halah Touryalai A Senate panel released a damning report accusing the likes of Goldman Sachs of engaging in massive conflicts of interest, contaminating the U.S. financial system with toxic mortgages and undermining public trust in U.S. markets in the months leading up to the financial crisis. Just when you thought Washington lawmakers were over [...]
Report: Big Profits Drove Faulty Ratings at Moody’s, S&P | McClatchy Newspapers
Posted in America, Banking, Corruption, Economics, Foreclosures, Fraud, Governance on April 13, 2011 | Leave a Comment »
By Kevin G. Hall Analysts who reviewed complex mortgage bonds that ultimately collapsed and ruined the U.S. housing market were threatened with firing if they lost lucrative business, prompting faulty ratings on trillions of dollars worth of junk mortgage bonds, a Senate report said Wednesday.The 639-page report by the Senate Permanent Subcommittee on Investigations confirms [...]
Inside Job (Film) – Review & Discussion
Posted in Banking, Film, Foreclosures, Fraud on April 11, 2011 | Leave a Comment »
The Next Housing Shock | 60 Minutes
Posted in Banking, Foreclosures, Fraud on April 3, 2011 | Leave a Comment »
Foreign Banks Tapped Feds Secret Lifeline Most at Crisis Peak | Bloomsberg
Posted in America, Banking, Corruption, Foreclosures on April 1, 2011 | Leave a Comment »
By Bradley Keoun and Craig Torres U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative financier and a company part-owned by the Central Bank of Libya. Dexia SA (DEXB), based in Brussels [...]
The McCoy Case Analyzed – MERS Smackdown! | Q-Law Blog
Posted in Banking, Foreclosures, Legal, tagged Banking, foreclosures, Law on February 7, 2011 | Leave a Comment »
In a relatively uncomplicated adversary proceeding in Oregon’s bankruptcy court, Judge Alley hit the nail squarely on the head: If lenders in Oregon want to foreclose people out of their homes, they must follow ORS 86.735(1). Or in the words of one Oregon title counsel, Judge Alley’s decision means that “…all assignments behind a MERS [...]















