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Spooky Letter | Rep Cummings Seeks Records / Documents Relating to Steven J. Baum’s Foreclosure Practices AND Halloween Party
Cummings Requests Documents from Law Firm after Allegations of Foreclosure Abuse
Document Request Follows Disclosure of Foreclosure Party Photos
Washington, DC (Nov. 4, 2011) – Today, Ranking Member Elijah E. Cummings sent a letter to the law firm of Steven J. Baum requesting records, documents, and communications relating to allegations of improper and potentially illegal actions in the processing of foreclosures.
“Given that your firm represents some of the nation’s largest mortgage servicers,” Cummings wrote, “these revelations are disturbing. If true, they demonstrate a culture of disdain for families suffering foreclosure and a disregard for the rule of law.”
Cummings has been investigating allegations of the firm’s misconduct since February. His latest request follows a New York Times column revealing photographs from a Halloween party in 2010 during which employees dressed as homeless people. According to a former employee, the photographs “showed an appalling lack of compassion toward the homeowners” and “are an accurate representation of the firm’s mind-set.”
The column also reported that the firm is “under investigation by the New York State Attorney General,” is a defendant in a class action suit claiming that the firm “consistently failed to file certain papers that are necessary to allow for a state-mandated settlement conference that can lead to modification,” and has been described by a New York State Supreme Court Judge as “operating in a parallel universe, unrelated to the real universe.”
On February 25, 2011, Cummings launched a major investigation of mortgage servicer abuses that included a request to the Inspector General of the Federal Housing Finance Agency to investigate allegations against this firm and others.
In his letter today, Cummings requested that the firm provide all documents relating to:
• false or misleading foreclosure documents, “robo-signed” documents, or improper mortgage assignments;
• attempts by the firm to foreclose on borrowers who were attempting to obtain, or who had obtained, loan modifications;
• instances in which the firm illegally or improperly charged for foreclosure settlement conferences, overcharged on foreclosure fees, or attempted to persuade foreclosure defendants to waive their legal rights;
• preparing for, carrying out, or communicating about the firm’s 2010 Halloween party; and
• instances in which the firm compensated Fannie Mae, Freddie Mac, or a client for improper foreclosure practices.
SOURCE: http://democrats.oversight.house.gov/
Copy of letter below...
www.4closureFraud.org
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Cummings Requests Documents from Law Firm after Allegations of Foreclosure Abuse
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Even though I am in the financial services industry--- Thier abuses and disregard for the law ane inexcusable. and at this pace will destroy the industry. The people that committed the fraud should be lined up and shot. then it will never happen again and we can go about making an honest living. End of moral hazard problem.
Get real thease people are crooks and need to put in prison.
I now believe in reincarnation. Joe McCarthy lives through Elijah.
Well guys, we can hope. Maybe once it will work out with the truth. But probably not.
Old news
halloween party pics here.
http://www.nytimes.com/2011/10/29/opinion/what-the-costumes-reveal.html
Baum made $200M / year on MERS foreclosure mills.
http://www.youtube.com/watch?v=E6JEgYs8A-Q
It would be more comforting if the New York Bar Association came down on this guy's firm.
What a fucking farce. These people are all bought and paid for by the lending industry. Anyone who holds out hope that there's a good apple out there is living in Wonderland. There is no good apple. There is only corruption.
Cummings mentioned the "rule of law". Hmmm, surely he couldn't be referring to the US Constitution, SEC and CFTC regulations, as those documents were put out with the trash on the curb a long, long time ago.
yeah, "Rule of law" <snort>
Nig ga please. Where've you been the last 20 years? His heart is in the right place but he must have a head injury to even mention this.
http://www.metacafe.com/watch/116579/nigga_please_cereal/
220 Northpoint Pkwy. Suite G
Amherst, NY 14228
#occupyAmherst anybody out there? Shit's starting to get real!
Sucks to be a dick---should have thought about a career helping people not screwing them.