Who Is “Third Way”? (Excusing Frauds In Foreclosure)
Foreclosure-Gate: Who Created The Plan to Steal Title To 77 Million Homes
An interesting policy missive recently appeared from these folks on Fraudclosure and the housing market in general…. but before I get to that, let’s look at who these people are:
Third Way is an innovative and influential think-tank that creates and advances moderate policy and political ideas. We advocate for private-sector economic growth, a tough and smart security strategy, a clean energy revolution, bold education and anti-poverty reforms, and progress on divisive culture issues.
Our senior team is comprised of a former Clinton White House deputy and Department of Housing and Urban Development chief of staff, former senior Senate and House policy aides, non-profit issue advocates and experts and campaign veterans. We are governed by a prominent private-sector Board of Trustees, including former top government officials and leaders from business, finance, academia, and non-profits.
Oh I see. The people who caused the mess are front-and-center of this “think tank” and now wish to propose things that will allegedly “fix” the mess?
Let’s see what we got in here….
Late last week, Massachusetts’ highest state court upheld a lower court ruling invalidating two foreclosures due to improper paperwork by banks.1 In its decision, the Massachusetts Supreme Judicial Court ruled that U.S. Bancorp and Wells Fargo had failed to prove they owned the mortgages when they foreclosed on two homes.
Oh, that’s not quite accurate. Actually, what the court ruled was that not only did the banks not have the paper, they tried to manufacture constructive transfers into trusts that in point of fact never really happened, and got caught.
And now… the rest of the story. …..
Harold
