Category Archives: banks

California Legislature Passes State Homeowner Bill of Rights

Posted on by
Reply

The California Homeowner Bill of Rights passed both houses of the California legislature on July 2, 2012, and now awaits the governor’s signature or veto.

If signed by the Governor, the legislation would require all banks that provide first loans to homeowners who occupy their home to:

  • Stop “dual-tracking” – when a bank proceeds with a foreclosure while a homeowner is seeking a loan modification
  • Provide a single point of contact, rather than the usual runaround
  • Give borrowers a clear explanation of why they reject a loan modification
  • Verify mortgage documents before a foreclosure and provide copies to borrowers on request (with fines of $7,500 per loan for filing and recording unverified documents)

The legislation also provides borrowers with a limited “right of action” to sue lenders under specific circumstances.

Links: Attorney General Kamala Harris’ Press Release    SF Chronicle Article

Foreclosure Moratorium Petition

Posted on by
Reply

Join the [cfdb-count form=”Petition”] signers of this foreclosure moratorium petition below.

Links: Sign Petition    Petition Signers

To Wells Fargo, Bank of America, JP Morgan Chase, and other home mortgage loan originators and servicers–

I urge you to implement an immediate moratorium on residential foreclosures pending passage of a Homeowner Bill of Rights that implements:

  • Basic standards of fairness in the mortgage process, including an end to dual tracking foreclosures
  • Transparency in the mortgage process, including a single point of contact for homeowners
  • Community tools to prevent blight after banks foreclose upon homes
  • Tenant protections after foreclosures
  • Enhanced law enforcement to defend homeowner rights – paid for by fees imposed on banks
  • A special grand jury to investigate financial and foreclosure crime

as well as instituting a mortgage principal reduction or deferral program to keep our neighbors in their homes.

I join the California State Attorney General, the entire San Francisco Board of Supervisors, the Mayor of San Francisco, and many other concerned people in urging you to stop predatory foreclosures and related auctions and evictions immediately.
 
[si-contact-form form=’14’]

 

Petition Signers

[cfdb-datatable form=”Petition” show=”name,city” orderby=”name” dt_options=”bJQueryUI:true, iDisplayLength:300″]

The Foreclosure Lender Complex

Posted on by
Reply

Foreclosure lenders in San Francisco are often corporations that are part of a banking conglomerate (source for lender names: Foreclosure Radar).

Lender Bank Conglomerate
AMERICA’S SERVICING CO Wells Fargo
AURORA LOAN SERVICES Nationstar
BAC HOME LOANS SERVICING, LP Bank of America
BANK OF AMERICA Bank of America
BANK OF AMERICA N A Bank of America
CHASE HM FIN LLC JP Morgan Chase
CHASE HOME FINANCE LLC JP Morgan Chase
CHASE MANHATTAN MTG JP Morgan Chase
CITIBANK N A Citibank
CITIMORTGAGE Citibank
CITIMORTGAGE INC Citibank
JP MORGAN CHASE BANK N A JP Morgan Chase
JP MORGAN CHASE BK JP Morgan Chase
RESIDENTIAL CAPITAL MORTGAGE Ocwen Loan Servicing
WACHOVIA BANK Wells Fargo
WACHOVIA BK Wells Fargo
WACHOVIA MTG FSB Wells Fargo
WASHINGTON MUTUAL BANK JP Morgan Chase
WASHINGTON MUTUAL BK FA JP Morgan Chase
WELLS FARGO BANK N A Wells Fargo
WELLS FARGO BK NA Wells Fargo
WELLS FARGO HM MTG Wells Fargo

Lenders in San Francisco Foreclosure Auctions

Posted on by
Reply

The following lenders are engaging in San Francisco foreclosure auctions (source: Foreclosure Radar as of May 12, 2012):

ADVANTAGE HM FIN
ALLIANCE BANCORP
AMERICA’S SERVICING CO
AMERICAN HOME MORTGAGE SERVICE
AMH CAP INC
AURORA BK FSB
AURORA LOAN SERVICES
AURORA LOANS SERVICE LLC
BAC HOME LOANS SERVICING, LP
BANK OF AMERICA N A
BANK OF THE WEST
BARBARA THOMPSON
BAYVIEW LOAN SERVICING LLC
BOAMS MORTGAGE SERIES 2006-B
BOREL PRIVATE BANK & TRUST CO
CALIFORNIA BANK & TRUST
CAPITAL ALLIANCE INSTITUTIONAL
CARRINGTON MORTGAGE SERVICES
CENLAR FEDERAL SAVINGS BANK
CENTRAL MORTGAGE COMPANY
CHASE HM FIN LLC
CHASE HOME FINANCE LLC
CHASE MANHATTAN MTG
CHRIS SMITH
CIRCLE BANK
CITIBANK N A
CITIMORTGAGE
CITIMORTGAGE INC
CLARION MORTGAGE CAPITAL, INC
COMMUNITY WEST BANK, N.A.
COURNALE & CO
DENNIS C GALLAGHER
DEUTSCHE BANK 2007-HOA1 (CE)
DEUTSCHE BK NATL TRUST CO TR
DFI FUNDING INC.
DOWNEY S&L ASSN FA
EMC MORTGAGE CORP
FEDERAL NAT’L MTG ASSN (FNMA)
FFMLT TRUST 2006-FF13
FIRST FEDERAL BANK OF CALIFORN
FLAGSTAR BANK FSB
FORTY-NINE INC
FREMONT INVS & LN
GMAC MORTGAGE LLC
GOODWILL INDUSTRIES OF SAN FRA
GREENPOINT MTG FNDG
HSBC BANK USA N A
HSBC BANK USA N A  
HSM
INDYMAC BK FSB
ING BANK, FSB
JOHN C BATTI ET AL
JP MORGAN CHASE BANK N A
JP MORGAN CHASE BK
LA JOLLA BANK, FSB
LARRY MOORE
LAURA GOLDMAN ET AL
LITTON LOAN SERVICING LP
LONG BCH MTG CO
M E R S, INCORPORATED
MORTGAGE ELECTRONIC REGISTRATI
NATIONAL LOAN INVESTORS LP
NATIONAL RESIDENTIAL ASSETS
NATIONWIDE MTG CONCEPTS
OCWEN LOAN SERVICING LLC
ONECALIFORNIA BK FSB
ONEWEST BANK FSB
ONEWEST BK FSB
PNC BANK NA
PREFERRED MTG SVCS
PRIVATE NATIONAL MORTGAGE ACCE
PRO SOLUTIONS
QUANTUM SERVICING CORP.
RESIDENTIAL MTG CAP
ROGER KLEID
RON LABETICH COMPANY, INC
SCME MTG BANKERS INC
SETO AND ASSOCIATES
SIERRA PACIFIC MTG CO
SONOMA NAT’L BK
SPECIALIZED LOAN SERVICING
STERLING SAVINGS BANK
STEWART TITLE GUARANTY COMPANY
SUNCREST BK
SUNTRUST MORTGAGE INC
SUNTRUST MTG INC
THE BANK OF NEW YORK TRUST CO
TRITON FNDG GRP INC
UNITED COM’L BK
US BANK NA 2004-4
US BANK NA SERIES 2005-5 (CE)
US BANK NATIONAL ASSOCIATION
WACHOVIA BANK
WACHOVIA BK
WACHOVIA MTG FSB
WASHINGTON MUTUAL BK FA
WELLS FARGO BANK N A
WELLS FARGO BK NA
WELLS FARGO HM MTG
WILMINGTON TRUST

Bank Management

Posted on by
Reply

Bank Management are people who have the power to make or influence decisions of the banks to evict our neighbors from their homes, foreclose on their homes, and/or sell their homes at foreclosure auctions due to predatory or for-profit mortgage loans.

Bank Conglomerates

Ally

Owner of bankrupt GMAC Mortgage home loan corporation. Headquarters in Detroit, Michigan.

Bank of America

Headquarters in Charlotte, North Carolina. Acquired Countrywide.

Citigroup

Headquarters in New York, New York.

Fannie Mae

The Federal National Mortgage Association, nicknamed “Fannie Mae”, is a government sponsored enterprise (GSE) designed to facilitate a secondary market, or “securitization” of mortgage loans. The U.S. government, specifically the Federal Housing Finance Agency (FHFA), took over Freddie Mac, along with Fannie Mae, on September 7, 2008, and the U.S. Treasury has pumped billions into purchases of Freddie Mac stock to prop up the enterprise. Headquarters in Washington, D.C..

  • Timothy J Mayopoulos, CEO, +1 202-752-7000 (and +1 877-753-0562?)

Freddie Mac

The Federal Home Loan Mortgage Corporation, nicknamed “Freddie Mac”, is a government sponsored enterprise (GSE) designed to facilitate a secondary market, or “securitization” of mortgage loans. The U.S. government, specifically the Federal Housing Finance Agency (FHFA), took over Freddie Mac, along with Fannie Mae, on September 7, 2008, and the U.S. Treasury has pumped billions into purchases of Freddie Mac stock to prop up the enterprise. Headquarters at 8000-8250 Jones Branch Drive in McLean, Virginia, tel. +1 800-424-5401. Website at www.freddiemac.com.

JP Morgan Chase

Headquarters in New York, New York, and biggest U.S. lender by assets.

Nationstar

Acquired Aurora mortgage loans. Fortress Investment Group owns 77% of Nationstar. Headquarters at 350 Highland Drive in Lewisville, Texas (outside Dallas). Tel: +1 469-549-2000. Web: www.nationstarmtg.com

PNC Bank

Headquarters in Pittsburgh, Pennsylvania.

  • James E. Rohr, CEO, +1 412-762-2294 (may transfer to Executive Complaint Office voicemail) or 412-963-6133 (home), james.e.rohr@pnc.com or james.rohr@pnc.com
  • William Demchak, President, at +1 917-348-1173 (cell)
  • Thomas Hyland, Senior Vice President, at +1 212-527-3938
  • Frederick Solomon, Vice President of Corporate Communications, at +1 412-762-7544

Select Portfolio Servicing

Wells Fargo

Headquarters in San Francisco, California. Largest U.S. mortgage servicer and lender. Acquired America’s Servicing Company, Wachovia, and World Savings.

Links: Wells Fargo Loan Modification Policies (internal documents)    “Responsible Lending” Practices    “Help” for Homeowners

  • John Stumpf, CEO, +1 866-878-5865 or for America’s Servicing use +1 301-815-3510, john.g.stumpf@wellsfargo.com
  • Board of Directors, BoardCommunications@wellsfargo.com:
    • John D. Baker II, Exec. Chairman, Director of Patriot Transportation Holding, Address 1:, 192 Sea Hammock Way, Ponte Vedra Beach, FL 32082, +1 (904) 543-8196, and Address 2:, 501 Riverside Ave, Jacksonville, FL 32202. Company contact info: Patriot Transportation Holding, Inc, 501 Riverside Ave., Ste 500, Jacksonville, FL 32202, +1 (877) 704-1776, jmilton@patriottrans.com
    • Elaine Chao, 217 C St NE, Washington, DC 20002, +1 (202) 543-7063 or +1 (202) 543-7063, At Heritage Foundation:. Email: staff@heritage.org with Subject line: “To Elaine Chao”, Media information line: +1 (
202) 675-1761
    • John Chen, CEO of Sybase (locally based), Sybase contact info: Sybase iAnywhere, A subsidiary of Sybase
, One Sybase Drive
Dublin, CA 94568, 
Phone: +1 (519) 883-6898, 
Toll Free: 1-800-SYBASE5 (792.2735)
, Email: contact_us@ianywhere.com, jchen@sybase.com?, John.chen@sybase.com?
    • Lloyd H. Dean, CEO of Dignity Health, formerly Catholic Healthcare West,
      CHW info: 185 Berry Street, Suite 300, San Francisco, CA 94107, +1 (415) 438-5500, Contact form: http://www.chwhealth.org/Who_We_Are/Contact_Us/index.htm, @dignityhealth.com?
    • Susan E. Engel, CEO, Portero, Inc, Portero contact info: 28 Kaysal Court, Suite 1, Armonk, NY 10504-1378, United States, Phone: +1 (914) 730-0208, www.portero.com
    • 120 75th St, New York, NY 10021, (952) 824-6438, (212) 734-1449
    • Enrique Hernandez, Jr., Chairman, CEO of Inter-Con Security Systems, Inc.
    • Donald M. James, Chairman, CEO of Vulcan Materials Company, +1 (205) 298-3000, jamesd@vmcmail.com?
    • Mackey J. McDonald. Retired Chairman, VF Corporation
    • Nicholas G. Moore, Retired Global Chairmam of Pricewaterhouse Coopers
    • Federico F. Peña, Senior Advisor, Vestar Capital Partners, Seventeenth Street Plaza, 1225 17th Stre
      et, Suite 1660, Denver, CO 80202, +1 (303) 292-6300
    • Philip J. Quigley, Retired Chairman, President, CEO, of Pacific Telesis Group
    • Judith M. Runstad, Of Counsel, Foster Pepper PLLC, 206-447-8897 (Seattle), runsj@foster.com
    • Stephen W. Sanger, Retired Chairman of General Mills, Inc.
    • Susan G. Swenson, Retired President and CEO of Sage Software, Inc.
  • Patricia Callahan, Senior Executive Vice President, Chief Administrative Officer, +1 800-869-3557, Pat.Callahan@wellsfargo.com
  • Avid Modjtabai, Senior Executive Vice President, Consumer Lending, +1 800-869-3557, Avid.Modjtabai@wellsfargo.com
  • James Strother, Senior Executive Vice President, General Counsel Legal Group, +1 415-396-1793, James.Strother@wellsfargo.com
  • Ruben Pulido, Asst. Vice President, Communications, ruben.pulido@wellsfargo.com
  • Diana Stauffer, Senior VP Regional Servicing Director, +1 (925) 552-4347 (disconnected), diana.stauffer@wellsfargo.com (email undeliverable)
  • Tom Goyda, spokesperson
  • Alfredo Pedroza, Director California Local Government Relations, 415-396-0829, alfredo.pedroza@wellsfargo.com

Links: Add Bank Management to List

City Hall Tells Foreclosure Auctioneers No More Auctions on City Hall Steps

Posted on by
Reply

The Occupy the Auction Dance Party at San Francisco City Hall steps went fabulously well at first today, April 27, 2012, with two auctioneers leaving once they realized protestors would react loudly whenever they tried to sell off another home for the banks.

We organized to follow up on the Foreclosure Moratorium Resolution passed unanimously by the San Francisco Board of Supervisors and on the Mayor’s request for the banks to “pause” on foreclosures until the California legislature passes the State Homeowner Bill of Rights.

We danced and made lots of noise and had fun stopping some auctions.

However, one crafty auctioneer named Terry Redmon pretended to drive off, then returned later to auction off one property on Moraga to investors for $700K+ with another property sold to the bank. She falsely told Sheriff’s deputies that protestors were assaulting her, so the deputies prevented protestors from participating in the “public” auction.

One surprise came when City Hall Building Manager Robert Reiter told auctioneer Terry Redmon that she and other foreclosure auctioneers are no longer welcome on City Hall steps. They have to take their business elsewhere. See her reaction in the last picture posted below.

Thanks to all the amazing folks from Occupy SF Housing, ACCE, SF Tenant’s Union, Occupy Bernal, Occupy SF and other groups who helped plan the action and showed up today… we sent another message the banks will hear loud and clear!

Thanks also to Peter Menchini for the great video of the Occupy the Auctions Dance Party action below:

Link: Coverage from KCBS Radio

Thanks to Becca Gourevich of the San Francisco Tenant’s Union for snapping a lot of the photos below:

Tenants Rights Organizations Defend Renters Facing Foreclosure Eviction

Posted on by
Reply

Groups including Causa Justa / Just Cause, the Coalition on Homelessness and the Housing Rights Committee, protested at the US Bank branch at 16th St and Mission St to prevent US Bank and Wells Fargo from illegally evicting three single mothers and their children renting an Excelsior home.

It’s important for tenants to know their rights under the law and to seek help if a landlord or a bank tells them they have to move out. Renters facing evictions can contact the Housing Rights Committee of SF, Causa Justa / Just Cause, or the SF Tenants Union for counseling on their rights.

Link: Video Thanks to Bill Carpenter

Feel free to republish photos below with attribution to OccupyEvictions.org.

Auctions Report for March 24, 2012

Posted on by
Reply

Here is a San Francisco foreclosure auctions report with data as of March 24, 2012.

Properties scheduled for foreclosure auction: 613 (down from 615 last week)

# of auctions by sale date (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

# of auctions by property type (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

Percentage of auctions for top lenders (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

Percentage of auctions for top trustees (may vary slightly due to small numbers of misfiled or misidentified trustees in data set):

Source: Data aggregated from Foreclosure Radar.

Auctions Report for March 17, 2012

Posted on by
Reply

Here is a San Francisco foreclosure auctions report with data as of March 17, 2012.

Properties scheduled for foreclosure auction: 615 (down from 618 last week)

# of auctions by sale date (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

# of auctions by property type (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

Percentage of auctions for top lenders (may vary slightly due to small numbers of misfiled or misidentified lenders in data set):

Percentage of auctions for top trustees (may vary slightly due to small numbers of misfiled or misidentified trustees in data set):

Source: Data aggregated from Foreclosure Radar.