1. Freddie Mac Up To Old Tricks With Minneapolis Home Owner

    05:56

    from Bill Sorem / Added

    90 Plays / / 0 Comments

    Jaymie Kelly has had over a year of serious hassles. Illegal contracts, lost data, intransigence, dual tracking and all that culminated with a pre-dawn armed sheriff’s raid on her home on election day 2013. After smashing doors and windows Jaymie was forced to walk barefoot across broken glass. Candidate Betsy Hodges and other officials stepped in. She even got a White House ordered investigation of Freddie Mac. We’ve believed for a long time that a Bush appointee as head of FHFA was responsible for the stupid policies of Freddie, an agency created to help homeowners, that prevented mortgage reduction or allowing homeowners to return to their homes. After paying for her home five times, widespread community support, national media attention, and two successful eviction defenses, Jaymie Kelly is facing the threat of eviction again--this time from new FHFA (Federal Housing Finance Agency) director Mel Watt, who took office in January. Advocates hoped that Watt would be more willing to negotiate with homeowners and enact principal reduction than his Bush appointed predecessor, Ed DeMarco, but Watt is moving to evict Jaymie because of FHFA’s anti-principal reduction policy. Jaymie Kelly’s case is the first litmus test for Watt on a national level for his willingness to work with homeowners. Allies around the country are holding a week of action in solidarity with Jaymie this week. 75 community members, bolstered by support from Rep. Keith Ellison, a majority of the City Council, and a statement from Mayor Betsy Hodges, rallied today for Jaymie Kelly, a 30-year homeowner who is facing imminent eviction, demanding that Freddie Mac’s new director change policies to negotiate with homeowners, and that the city not use public resources for unjust evictions. At City Hall, seven Council Members offered support for Jaymie, including Alondra Cano, Jacob Frey, Elizabeth Glidden, Cam Gordon, Blong Yang, and Andrew Johnson. Linea Palmisano was unable to attend, but sent a statement of support.

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    • LPS October 2013 Mortgage Monitor Snapshot - Market Overview

      02:14

      from Black Knight Data & Analytics / Added

      1 Play / / 0 Comments

      To download the full report, visit lpsvcs.com/LPSCorporateInformation/CommunicationCenter/DataReports/Pages/Mortgage-Monitor.aspx The LPS Mortgage Monitor Snapshot is a monthly video series based on data from Lender Processing Services' industry-leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. The company's research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for LPS' monthly Mortgage Monitor Report.

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      • Obama Helps Jaymie Kelly Keep Her Home

        04:31

        from The UpTake / Added

        51 Plays / / 0 Comments

        Jaymie Kelly got a surprising answer after she sent an email to President Obama describing her trials with JPMorgan Chase Bank and Freddie Mac. Eight days later she got a call from the Office of the Inspector General of the Federal Housing Finance Agency. She has been attempting to negotiate a new mortgage on her home of 30 years with the bank and Freddie Mac. Her story was similar to many foreclosures around the country. Confusion, misrepresentation and possible fraud had forced her into the foreclosure corner. Occupy Homes Minnesota has supplied volunteers for several months to help plead her case and to prevent her eviction.

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        • How to Lose $66 billion – and pay for your milk with a nuclear submarine. November 2013 International Stories

          04:28

          from Paul Fordyce / Added

          78 Plays / / 0 Comments

          Is the insolvency quote of the year – “You never want collateral that has to eat or that you have to shovel after” – who said this? Are they going to sell the art collection of the Detroit Institute of Arts to get this poor city out of its financial woes? The depths to which Detroit is plummeting with its bankruptcy knows no limits. The emissary of Beelzebub is attempting to rescue Air Zimbabwe. A contract signed in blood! Does an airline have a soul? The other bankrupt airline, American Airlines, is raking money in! Talking about travel, Harriet Green, the new boss of Thomas Cook, is turning it around. You’ll love this – she cold called Thomas Cook and told them she was the person who could turn them around. They gave her the job – and she was right. So much for mousey women. Surprising to hear that even after 5 years since the Lehman collapse the world still doesn’t have confidence in the top 50 banks and the finance sector. Amazing! Are they all just a bunch of Enrons? Talking of Lehman, Citigroup is not happy about possibly losing hundreds of millions of dollars of interest in the deal that Lehman is trying to push onto its creditors. Meanwhile creditors of Lehman in Australia must be ecstatic to at last be getting a dividend. The American creditors are well in front of them having long ago received billions. And talking about that – JP Morgan is trying to settle the $11 billion claim which Washington Mutual has against it for dodgy mortgages. Now why was it that we don’t trust banks? Then JP Morgan looks like settling the claims against it by Freddie Mac and Fannie Mae for $5.1 billion. And to boot - it looks like JP Morgan is putting the US government in a tight spot as well – the government will apparently have to refund part of the settlement! Another 22 people could face criminal charges over the Libor scandal – I keep forgetting, why don’t we have confidence in the banks and the financial sector! Oh yea – then there’s the story of the trustee for Bernie Madoff pursuing claims of $8 billion against banks for feeder funds that profited from Mr Madoff’s activities. Now you may ask why the movement of $100 billion from Madoff’s account to Norman Levy’s account and back again didn’t result in the banks reporting money laundering to the US Treasury – but then again it was only $100 billion. I still can’t figure out why people don’t trust the financial sector! The spotlight is now on the team behind Bernie Madoff. The claim by the liquidator of Madoff’s UK company against his brother, son and former directors was dismissed as unfounded. The surprises of litigation! Brazil – all these stories about what’s happening in Brazil gives a whole new meaning to a Brazilian! Eike Batista of Brazil lost $34.5 billion. Gulp. What more can I say! So Ike’s OGX is heading into bankruptcy. Down goes 1. Now another is on the slippery slope. Fashion continues to struggle. A-Wear has gone into insolvency - for the second time in 2 years. Now Collette Dinnigan has closed her boutiques in Australia and the UK. Sad – such a loss of talent! Such a brilliant show in Paris just a few weeks ago! So sticking to retail more generally, the famous Tesco chain in England performed so miserably in the United States that its only recently opened US chain has gone into bankruptcy! There aren’t many names bigger than Diego Maradona in football – and now the Italian tax collection agency is after him for $62million. Another comeback that will set many a heart racing is the Indian motorcycle. Famous to its fans and well known to the public from the movie “The World’s Fastest Indian”. And how is Russia going? Did you hear they offered the NZ government a nuclear submarine to help settle their debt for Kiwi dairy products – ever heard of K-19? Meanwhile Russia is “temporarily” borrowing $7.6 billion from non-state pension funds. Paul Fordyce Pmf Legal Limited Suite 1101, 84 Pitt Street, Sydney. NSW. 2000. Ph: 02 9221 9888 Mob: 0417 067 058 pfordyce@pmflegal.com http://www.pmflegal.com/blog/ Flipboard Magazine INSOLVENCY BANKRUPTCY RECONSTRUCTION TURNAROUND-- get Flipboard App here if you need it to access the magazine: http://flip.it/C3wCV 24 November 2013.

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          • Predawn Raid By Hennepin County Sheriff's Deputies

            09:03

            from The UpTake / Added

            169 Plays / / 0 Comments

            Predawn Raid By Hennepin County Sheriff's Deputies. At about 5:00 AM, Tuesday, November 5, 2013, Minneapolis City Election Day, some 40 Hennepin County Sheriff's Deputies arrived at Jamie Kelly's house in South Minneapolis and smashed down front and back doors, and started breaking windows Distributed by OneLoad.com

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            • Refinance Options if Loan is not FHA or Fannie Mae

              04:16

              from Scott Schang / Added

              The options you have for refinancing when your loan isn't a Freddie Mac or Fannie Mae product. For more news and updates, please visit www.FindMyWayHome.com.

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              • LPS August 2013 Mortgage Monitor Snapshot - Prepayment Activity & Refinance Opportunity (Part 2)

                04:25

                from Black Knight Data & Analytics / Added

                3 Plays / / 0 Comments

                To download the full report, visit lpsvcs.com/LPSCorporateInformation/CommunicationCenter/DataReports/Pages/Mortgage-Monitor.aspx The LPS Mortgage Monitor Snapshot is a monthly video series based on data from Lender Processing Services' industry-leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. The company's research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for LPS' monthly Mortgage Monitor Report.

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                • Arrests at Protest over Foreclosure Evictions

                  02:00

                  from Chris Lovett / Added

                  36 Plays / / 0 Comments

                  Activists are arrested in a protest against resistance by a federal official to relief for homeowners faced with mortgage trouble. Report for BNN News. Aired October 3, 2013.

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                  • MM[June]2

                    09:35

                    from Black Knight Data & Analytics / Added

                    10 Plays / / 0 Comments

                    To download the full report, visit http://www.lpsvcs.com/LPSCorporateInformation/CommunicationCenter/DataReports/Pages/Mortgage-Monitor.aspx The LPS Mortgage Monitor Snapshot is a monthly video series based on data from Lender Processing Services' industry-leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. The company's research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for LPS' monthly Mortgage Monitor Report.

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                    • MGMT609 FM Team 3 Video Response Diversity at Nike

                      12:05

                      from Patrick Lee / Added

                      7 Plays / / 0 Comments

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