Monday, July 18, 2011

OHIO Leaders shaping national FRAUDclosure landscape

OHIO leaders (past and present) continue to shape the FRAUDclosure landscape.
These Powerful and Influential Leaders bring homeowners.....  
2 former OHIO Attorney Generals continue "The Fight" on behalf of Homeowners
1 OHIO Senator and 1 OHIO Congresswoman introduce ground breaking legislation

Richard Cordray and Marc Dann
From January 2007 - January 2011 Ohioans benefited from the strength of these two legal giants. Collectively they fought, sued, and/or won settlements against sub-prime and predatory lenders, Bank of America, AIG, loan modification firms, and credit card companies.

After losing a re-election bid in November 2010 to a "throw out the Democrats" voting mentality, President Obama and Elizabeth Warren jumped at the opportunity to have Cordray lead the enforcement arm of the new Consumer Financial Protection Bureau (CFPB). In a Wall Street Journal interview, Cordray described the new position as " many ways doing on a 50 state basis, the things I cared most about as a state attorney general, with a more robust and more comprehensive authority." Just prior to leaving as Ohio's Attorney General he sued GMAC Mortgage LLC and its corporate parent, Ally Financial Inc., accusing them of using FRAUDulent affidavits in Ohio foreclosure filings and court cases.
OBAMA PICKS CORDRAY to head Consumer Financial Protection Bureau (CFPB)

The ESOP BLOG: Cordray a Smart and Fair Choice....“Just because you’re a bank doesn’t mean he’s coming after you.  He’s not looking to get you on a technicality.  He’s not an ideologue.  But if you rip off consumers, he will come after you and he’ll be tough.  He’s about justice" said Mark Seifert the Director of ESOP (Read the story HERE)

Senator Brown, a Democrat from Ohio said he fully expects the state’s "other" senator Rob Portman, (a Republican) will support Cordray's nomination.

“This foreclosure crisis affects all of us – homeowners, families, neighbors, and state and local governments. It is clear that the current system isn’t working and unfortunately federal regulators have failed to bring meaningful reform to mortgage servicing

SHERROD BROWN introduced the  Homeowner Abuse Prevention Act of 2011


This great attorney, and former AG, remains active in OHIO while continuing to fight and wage legal battles against the TBTF banks and Predator Drone (Foreclosure Mill) law firms. He continues to be a champion for those fighting violations of their Consumer Rights. Dann twice has taken time out of his busy schedule for phone interviews with OHIO FRAUDclosure. He recently drove two hours to meet with us and share an "inside look" at his busy schedule and planned future legal actions. Many of these actions will have an impact at a national level with possible implications to the ever changing Federal Laws guiding foreclosure judges.
Marc Dann has filed Class Actions suits against Servicers for foreclosing on borrowers that were either eligible for or in a HAMP modification. Additionally he filed a "Class Action" suit against a giant OHIO Predator Drone (foreclosure mill) law firm Lerner Sampson Rothfuss (LSR). Unfortunately, the terms of the settlement could not be shared with us, but we've assumed the homeowners were made happy. Additionally national blogger Martin Andelman (Mandelman Matters) shared this phone interview as an audio podcast (Click Here).

This brave OHIO congresswoman continues to fight for homeowners and recently (July 8th) introduced  and submitted HOUSE RESOLUTION 344 to the House Financial Services Committee. The resolution calls on President Obama to declare "a national residential mortgage foreclosure emergency" and encourages individual states - to enact the moratorium.

Please contact a member of the committee and ask they support this Important action!
OHIO Contacts below:

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