And if there Is a Mortgage Foreclosure Fraud Settlement Agreement, why can't we see it? If it displays Good Faith, Would It not be displayed? You would think.
There is no Settlement Agreement on the website set up for the Foreclosure Fraud Settlement.
The reports of an Agreement may be premature.
There is an Executive Summary, and something called a fact sheet. There are no dates in them.
The Mortgage Foreclosure Fraud Settlement was announced 3 weeks ago, as this post is written.
I am interested in how the reported 'settlement' affects Banks' and Mortgage Servicers' liability for past practices that allegedly committed fraud upon the Courts. Things like submitting Affidavits as proof without personal knowledge despite the signers' oath that they had personal knowledge of what was in the Affidavits they executed. Things like at least some Foreclosure Plaintiffs' allegations that Notes and Mortgages were lost and could not be found, although allegedly the Notes and Mortgages are in the files of the Foreclosure Plaintiffs who made such allegations. I have been looking for any information and in researching the entire Internet on this subject, I have found one source of information.
We owe it to one source among the many weighing in on this reported 'settlement,' who describes what if any provisions are made in it concerning the liability of Banks and Mortgage Servicers for past practices which allegedly perpetrated fraud upon the Courts. An Assistant Attorney General in Wisconsin writes on the website of the Wisconsin Bar that in the settlement, the participating Banks/Servicers are completely released from all such claims which might be pursued by the Federal Government and the participating State Attorneys General, based on alleged fraud upon the Courts of the States and of the United States. See Holly Pomraning, Esquire, Assistant Attorney General, Wisconsin Department of Justice, "Wisconsin Joins $25 Billion Mortgage Settlement" posted on February 13, 2012 on State Bar of Wisconsin website.
If Attorneys General will not ensure that fraud is not committed upon the Courts, who will?
We would likely be better off if the reported settlement was never born, as they say. See "Mortgage Foreclosure Fraud Settlement: This Settlement is a Fraud," posted on February 16, 2012 on Insurance Claims and Bad Faith Law Blog.
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