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CFPB Nails Mortgage Lender for Illegal Referral Kickbacks
CFPB Nails Mortgage Lender for Illegal Referral Kickbacks The Consumer Financial Protection Bureau took action Thursday against a Missouri-based mortgage lender and its owner for funneling illegal kickbacks to a bank in exchange for real estate referrals. The agency is ordering the lender, Fidelity Mortgage 

Ohio Appellate Court Rejects Mortgage Servicing Class Action, Finds ...
Yesterday, the Eighth District Ohio Court of Appeals affirmed the dismissal of a putative class action raising claims against a noteholder, mortgage servicer, and law firm under Ohio's Consumer Sales Practices Act ("CSPA"). In Glazer v. Chase Home

Citigroup Inc (C): Judge allows expanded mortgage-bond class-action suits
U.S. District Judge Harold Baer has widened the scope of class-action litigation over the sale of over $34B in mortgage bonds. Investors can now join together to sue Citigroup (C), Goldman Sachs (GS) and UBS (UBS) over an estimated $11.9B worth of

NY Federal Court Allows RMBS Trustee Suit Against GE Mortgage To Proceed
On January 14, Judge Katherine B. Forrest of the United States District Court for the Southern District of New York denied a motion for judgment on the pleadings in an action brought by the Bank of New York Mellon as Trustee for GE-WMC Mortgage 

Call 12 for Action - mortgage consultants in hot water

Call 12 for Action - mortgage consultants in hot water

Court Clarifies Standing Requirements if Note and Mortgage Separated

A valid assignment of the mortgage at the time the complaint was filed.

The court stated the facts of the case as follows. The originator of the loan sold the note to Freddie Mac in 2005, but retained the mortgage. MERS subsequently executed a written assignment of the mortgage, in its nominee capacity for the originator, to Capital One on Feb. 9, 2011, “more than one year after [the originator] merged into [Capital One].” A prior action to foreclose the mortgage was dismissed in June 2012, and the current foreclosure action was commenced on Feb. 15, 2013. The borrower’s contesting answer was dismissed on June 9, 2015, and the matter was returned to the Office of Foreclosure for entry of final judgment, which was the subject of the appeal.

It was undisputed that Capital One had possession of the original note during the prior foreclosure action that was dismissed in 2012. However, at some point, the original note was provided to Freddie Mac. According to the court’s opinion, in the current foreclosure action, Freddie Mac owns the note, while the originator—which since merged into Capital One—retained the mortgage.

How do I file a Quiet Title action on a securitized mortgage?

I have a mortgage that has been securitized through mers. It is in washington state. How do I file a Quiet Title action? Or also, how do I find a good attorney who will do so for a fair price?

Most attorneys are thoroughly ignorant about the problems with MERS and the impact on the title of properties that have been securitized by the Banksters.