Thursday, April 14, 2011

A practical Matter 2-20-2011

I hear people talk of the practical application of their faith. Yet their own words reveal their foolishness. The faith of God which holds to promises before they reach experiences always has you in a future look. The wisdom of this world talks of change and goals but looks to the present time as though a formula can be developed to bring about desired change or achieved goals. Every Tom, Dick, and Harry motivational speaker repackages this theory and hypes another lost generation.

But God’s ways confound this wisdom. His children do not even entertain such ignorance. They know how reality works outside the fantastic imaginations of man. Fact is God’s work. Every known fact came from the creator. Faith is our trust in what God has worked. Experience is having God’s work lived out through our lives in a practical way.

We live in a present world but the facts we entertain have a truthful substance. There is a progression through time and the spiritual world to the present affairs of our lives. Fact is the foundation, faith is the process, and experiences are the consequence. In other words fact is the course, faith is the way, and experience is the effect.

Every fact beings by the word of Go, how can you even enter the way of faith without the word of God? I listen to those say “I don’t use the scriptures as you do.” There is only one way to use the scriptures and that is to listen. You can say you have faith but how can you have faith without hearing? Hearing comes by the work of God. If you are not hearing God what are you hearing? What facts are you laying as the foundation of your life? What effect will enter your present life as a practical matter? How many have erred down this coarse thinking them selves wise? Be not shocked when in just a few steps you find yourself distant from God and embraced by the world. I know it will happen because my facts have a diving origin.

24 comments:

dr. ira gilac said...

"I know it will happen because my facts have a diving origin."



????????????????



IF yo fax came from a "diving organ", then yo got if from lord britches of SEA HUNT.

dr. ira gilac said...

rember SEA HUNT?


or wah it, see *unt???


lolololol!!!!!!!111

dr. ira gilac said...

btw, is lloyd bridges still alife?


he wood b about 119 yo by now.

dr. ira gilac said...

Federal Government Orders 16 Mortgage Lenders to Reimburse Homeowners
Federal Government Orders 16 Mortgage Lenders to Reimburse Homeowners

Published April 13, 2011
| Associated Press

The federal government on Wednesday ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon.

Government regulators also directed the financial firms to hire auditors to determine how many homeowners could have avoided foreclosure in 2009 and 2010.

Citibank, Bank of America, JPMorgan Chase and Wells Fargo, the nation's four largest banks, were among the financial firms cited in the joint report by the Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency,

The Fed said it believed financial penalties were "appropriate" and that it planned to levy fines in the future. All three regulators said they would review the foreclosure audits.

In the four years since the housing bust, about 5 million homes have been foreclosed upon. About 2.4 million primary mortgages were in foreclosure at the end of last year. Another 2 million were 90 days or more past due, putting them at serious risk of foreclosure.

Critics, including Democratic lawmakers in Congress, say the order is too lenient on the lenders. House Democrats introduced legislation Wednesday that would require lenders to perform a series of steps, including an appeals process, before starting foreclosures.

"I want to know what abuses (the government agencies) identified, which banks committed them and how their proposed consent agreement is going to fix these problems," said Rep. Elijah Cummings, D-Md., the ranking member of the House Government and Oversight Committee. "Based on what I have read ... I am not encouraged at all."

The other lenders and service providers cited by the agencies include: Ally Financial Inc., Aurora Bank, EverBank, HSBC, MetLife Bank, OneWest Bank, PNC, Sovereign Bank, SunTrust Banks, U.S. Bank, Lender Processing Services and MERSCORP.

Citigroup said in a statement that it had "self-identified" needed changes in 2009 and that it has helped more than 1.1 million homeowners avoid foreclosure.

"We are committed to working with our regulators to further strengthen our programs in these areas and meeting these new requirements," the company said.

Ally Financial, formerly known as GMAC, said it had not found "any instance where a homeowner was foreclosed upon without being in significant default."

dr. ira gilac said...

lookit, forget about it now.


yo no ho many lifes dat yo alredy haf rooned???


now yo want to step in to try to 'fix' the sitchashun.



forget about it....the sitchation is all FUBAR now....


corse, yo no wha FUBAR mean, dont yo???



situation is FUBAR


F^CKED UP BEYONCE ALL REAPEAR.


so go get yoslef a pair an eat them, or apples if yo like eggs.

OMO said...
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OMO said...

"The federal government on Wednesday ordered 16 of the nation's largest mortgage lenders and servicers to reimburse homeowners who were improperly foreclosed upon."


Homeowners that are reimbursed with corrupt money endorse corruption. It matters not where the money comes from--anyone who accepts and then spends corrupt money is supporting corruption. Everyone does it. It doesn't matter how it was obtained whether by lawsuit or a job. Federal Reserve Notes support corruption.

Joseph said...

Here's the significance of the article that Dr. Gilac presented:

"OCC's actions also require each servicer to engage an independent firm to conduct a multi-faceted review of foreclosure actions between January 1, 2009, and December 31, 2010. This requirement includes a comprehensive "look back" to assess whether foreclosures complied with federal and state laws,..."

In other words, no independent audit PERFORMED, NO FORECLOSURE COMPLETION, AND THE BORROWER CAN'T LOSE HIS HOME and can continue to live there until this is done. The Judge can't allow a judgment for foreclosure until this audit is done, if he does, the Judge loses jurisdiction in the case, but the borrower must inform the court & the lenders attorney HE HAS THIS RIGHT AND HE ISN'T LEAVING HIS HOUSE UNTIL THIS AUDIT IS DONE. The Judge can't defy the OCC or he does so at his own peril.

All the borrower needs to do is file a motion of injunction to stop the foreclosure until this independent audit is completed AND THE BORROWER IS COMPENSATED FOR ERRORS THAT RESULTED IN INJURY TO THE BORROWER. ThIS will buy the borrower a lot of time in the foreclosure process. Time is money WHERE THE BORROWER DOESN'T HAVE A MORTGAGE PAYMENT.

If the borrower isn't compensated for errors & violations of state & federal law, that is another reason to prolong the foreclosure & sale of his home & the eviction of the borrrower.

99% of all loans have violations of State & Federal laws. It would be difficult to find a loan that didn't have violations, so the borrower is always entitled to some compensation or principal reduction or something.

This new policy of the OCC could have some real teeth for the borrower if used. You have no rights, UNLESS YOU DEMAND THAT YOUR RIGHTS ARE ENFORCED AND HEARD.

The Judge is merely a referee in theory, and if you don't demand certain things, chances are you won't get anything and your rights & remedies will be trampeled upon.

This ruling by the OCC gives the borrower a very important right if demanded.

This new policy can also help the borrower get a good loan modification agreement too, considering that only 6% of all loan modifications applied for ever get finalized. That's a very sad statistic, but unfortunately that statistic is reality at this point in time.

OMO said...

The Federal Reserve is not the federal government. The joint report is not law. The report at best is a recommendation. The report recommends that servicers reimburse homeowners that were improperly foreclosed. I presume the homeowner would get a letter from the servicer notifying them of the audit and potential reimbursement. The report is specifically referring to those homes that were illegally foreclosed upon, which illegal foreclosure will be determined by the audit.

An admission of the illegal foreclosure is a potential lawsuit to get the home back.

Sounds like a time consuming mess to me.

OMO said...

I would imagine though that the homeowner would be precluded from filing a lawsuit after Settlement Agreement (for the release of the funds) was signed. I'm almost certain a Settlement Agreement would have to be signed and would include an admission of no wrong doing by the bank or mortgage servicer.

OMO said...

The whole thing sounds like a long and hairy process. If you like long and hairy, more power to ya.

Joseph said...

OMO: The OCC (Office of Comptroller of Currency), regulates the banks and their practices. If you have a complaint against your lender, you can file a complaint with the OCC if you feel you aren't being treated fairly.

The banks/lenders aren't interested in getting on the bad side of the OCC.

Maybe this new policy is better than law since the courts don't seem to recognize constitutional law and other laws if it doesn't benefit the banking system anyway.

You think "law" is going to save your house from getting foreclosed upon? The "law" didn't save Kurt & Scott from going to jail.

Anyone in foreclosure likes long and hairy if it keeps them in their homes. Most homeowners are in survival mode, not in a suing mode anyway.

Precluded from filing a lawsuit? The homeowner probable isn't filing a lawsuit now and probably this idea hasn't crossed the mind of the average homeowner, so probably not a big concession to give up if asked or if required.

Recommendations and policies are two different things. The word, "require" is not the same as "recommendation". You need to learn to read a little better.

The banks are afraid of massive class action or mass joinder lawsuits that could cost them billions of dollars. They are trying to soften the potential blow of what could happen to them by giving some concessions out now, (cost of doing business), since they have been found out to be committing mass fraud in thousands of cases. What we've learned is probably only the tip of the iceburg anyway.

Joseph said...

"OCC's actions also REQUIRE each servicer to engage an independent firm to conduct a multi-faceted review of foreclosure actions between January 1, 2009, and December 31, 2010."

OMO, you see the word, "recommendation" here???? LOL I capitalized the word, "require" so you wouldn't miss it this time.

The way I read this is "foreclosure actions", not "homes that have already been foreclosed upon" & the home has been lost by the homeowner.

Many people from Jan. 1, 2009, who have been in foreclosure, are still not foreclosed upon & evicted yet so these people are still in a "foreclosure action" & have a new tool to help save their home or at least get some sort of financial benefit in the very least.

People are being offered even now by many banks $3,000 to just leave their home without having to be dragged through a complete foreclosure process. Banks are doing whatever they can to speed up the process & get people out sooner, even to the point of bribery.

This new policy or regulation by the OCC is a tool and a weapon that can be used against your lender if they don't voluntarily comply to the new rules.

This is something that early Dorean clients never had who were foreclosed upon years ago before the financial collapse of 2008.

Early clients never even suspected that such great fraud was going on that has already been revealed by panels hired to look into this stuff.

There are more real legal and lawful defenses to foreclosure now than there ever has been & this is due to the revelations that have come out how the banks conduct their business.

Kurt is right on when he says the Lord is bringing these things out in his own time and in his own way. His critics can't see the forest from the trees.

"Here a little", "there a little" until such time the full picture is painted where it's obvious what has taken place and what the full picture looks like & what everything means.

When you start a painting, you visualize in your mind what before hand, what it is going to look like, but until all the stokes are put on the canvas, you generally can't convince someone else what you are painting until they can actually see it in it's entirety, however, as the painter, you already know in your mind what your painting will look like even before you make the first stroke. Visualization always comes before realization. A private victory always precedes the public victory. Some people mock Kurt & Scott because they lack visualization skills. Maybe those skills are a gift, but even gifts can be developed into a skill. Faith is a visualization phenomenon. You can visualize events happening before they happen in reality because you know that God's promises are always fulfilled. You know you can always trust God to perform.

Faith often takes some imagination and the ability to surrender to a higher power that is guiding you, but not telling you everything all at once at what you need to know.

God is the great painter who hasn't finished his masterpiece yet, but the faithful can already see what the picture is going to look like before it's finished.

At that day when all the proof is in, and the picture is finally finished, it will be obvious that Kurt & Scott are innocent and were "railroaded". You won't have the debates anymore. Only a moron at that time, will be pointing the finger at them at that day, due to the overwhelming evidence thrown out to the public of their innocence. Even a moron might even shy away from arguing against the obvious.

OMO said...

SHOW ME WHERE IN THE REPORT IT STATES THAT BANKS OR SERVICERS ARE "REQUIRED" TO CONDUCT AN AUDIT BEFORE FORECLOSURE. ACCORDING TO THE NEWS ARTICLE THEY ARE REQUIRED TO "engage an independent firm to conduct a multi-faceted review of foreclosure actions between January 1, 2009, and December 31, 2010," AND THAT'S ALL.

OMO said...
This comment has been removed by the author.
OMO said...

THE NEWS ARTICLE ALSO STATES THAT THE FEDS WILL LEVY HEAVY FINES AGAINST THE BANKS, BUT IT DOESN'T SAY FOR WHAT. IT INFERS HEAVY FINES FOR INAPPROPRIATE FORECLOSURES BUT WITHOUT RULES DEFINING WHAT AN INAPPROPRIATE FORCLOSURE IS, THE BANKS CANNOT BE FINED FOR ANYTHING.

OMO said...

BANKS ARE "REQUIRED" TO FOLLOW STATE PUBLIC POLICY STATUTES, AND THE NEW OCC POLICY CANNOT OVERRIDE SAID PUBLIC POLICY STATUTES. SO BASICALLY A HOME CAN BE FORECLOSED IF THEY FOLLOW THE STATE'S POLICY ON FORECLOSURES. THE AUDIT IS TO DETERMINE IF THEY FOLLOWED STATE POLICY, AND IF NOT, THE HOMEOWNER IS TO BE REIMBURSED. EXACTLY WHAT THE HOMEOWNER WILL BE REIMBURSED FOR IS YOUR GUESS IS AS GOOD AS MINE.

Joseph said...

THE BANKS CANNOT BE FINED FOR ANYTHING.
_____________________________

What do you think TILA violations are? Fines are $1,000-$2,000 per violation that is credited to the borrower.

What purpose is there to have a law if there is no penalty?

The law is meaningless without penalties.

Joseph said...

BANKS ARE "REQUIRED" TO FOLLOW STATE PUBLIC POLICY STATUTES, AND THE NEW OCC POLICY CANNOT OVERRIDE SAID PUBLIC POLICY STATUTES.
____________________________

Who said anything about the OCC policy overriding the State statutes?
______________________________

SO BASICALLY A HOME CAN BE FORECLOSED IF THEY FOLLOW THE STATE'S POLICY ON FORECLOSURES.
_____________________________

That's not true either, because if State law violates Federal law, than the bank can't foreclose either. Many banks are violating federal law (TARP) & foreclosing on people after receiving federal funds. Federal law trumps State law.
_____________________________


THE AUDIT IS TO DETERMINE IF THEY FOLLOWED STATE POLICY, AND IF NOT, THE HOMEOWNER IS TO BE REIMBURSED.
_____________________________

First of all, there are 50 States, all with different foreclosure laws.
_____________________________ EXACTLY WHAT THE HOMEOWNER WILL BE REIMBURSED FOR IS YOUR GUESS IS AS GOOD AS MINE.
____________________________

As I mentioned before penalties on TILA violations are $1,000-$2,000 per violation. There might be anywhere from 12-20 violations in an average mortgage agreement. This all adds up. You can do the math too.

Joseph said...

Federal law says that the homeowner is required to have credit counseling offered by the lender if he is in default 90 or more days. If that wasn't offered, the bank is in violation.

TARP also requires that the homeowner be given an opportunity for a loan modification to see if the borrower qualifies before he is foreclosed upon or before the foreclosure is initiated by the lender. Banks by their policy put a borrower through a loan modification process, by one arm of the lender, and another dept. of the lender, initiates foreclosure actions. It's a mixed message operating at the same time & is very deceitful.

This is against TARP policy, so all the banks in essence have violated federal law by their own policies & deceitful practices. Many borrowers were approved for a loan modification & still got foreclosed upon. The banks received funds from the federal government for the sole purpose in helping borrowers out of foreclosure, so the banks are in breach of contract with the federal government. What is that worth in dollars to all of the people that were trampeled upon? You can't accept monies from the federal government & agree to do certain things, and than not do them. There must be penalties for this. This is a wide scale problem.

Joseph said...

THE AUDIT IS TO DETERMINE IF THEY FOLLOWED STATE POLICY,
____________________________

We already know that the biggest lenders of this country did not follow the States policies.

Most States have State laws against appraisal fraud. Often lenders would hire appraisers to justify a high value that wasn't appropriate, using bad market comparables, comparables more than say a mile away from the subject property, so lenders could loan as much as they could. Or lenders giving borrowers variable rates loans they knew the borrower couldn't afford down the road when the monthly payment increased. Or lenders refinancing loans where there was no clear benefit to the borrower (equity stripping). Or lenders falsifying records, in order to get a person approved for a loan or falsifying records to foreclose on someone, or pretending to be the note holder, when in fact, the note was sold to another party. We already know these things went on & was widespread. This is all some form of fraud. If you find that this was done on your loan, is this not inappropriate and a reason to cancel a foreclosure? There are plenty of laws against fraud that define exactly what fraud is.

OMO said...

What do you think TILA violations are? Fines are $1,000-$2,000 per violation that is credited to the borrower.


TILA VIOLATIONS HAVE TO BE PROVEN IN A COURT, GIVING THE BANK AN OPPORTUNITY TO DEFEND ITSELF AGAINST THE ALLEGED VIOLATIONS. THE FEDS HAVE NO AUTHORITY TO FINE A BANK FOR ALLEDGED VIOLATIONS OF FED OR STATE LAW UNLESS THE FED AGENCY HAS CREATED REGULATIONS GIVING THEM AUTHORITY TO FINE BANKS FOR SUCH ALLEDGED VIOLATIONS. ONLY A COURT OF COMPETENT JURISDICTION CAN MAKE FINAL JUDGMENT ON SUCH MATTERS. I THINK THE NEWS ARTICLE REGARDING THE FINE IS BLOWING SMOKE TO MAKE PEOPLE THINK THE FEDS ARE DOING SOMETHING ABOUT THE FRAUD.

TILA VIOLATIONS GIVE A CONSUMER THE RIGHT TO SEEK ACTUAL AND STATUTORY REMEDIES UNDER 15 USC SECTION 1640. A BANK (CREDITOR) MUST COMPLY WITH THE ACT, OR BE BARRED FROM COLLECTING THE AMOUNT IN DISPUTE. I'M NOT SURE IF "BARRED FROM COLLECTING THE AMOUNT IN DISPUTE" MEANS BARRED FROM FORECLOSING. :)

OMO said...

We already know that the biggest lenders of this country did not follow the States policies.


I'M 99.9999% SURE THE FEDS WILL TAKE NO ACTION OTHER THAN "REIMBURSE" THE FORMER HOMEOWNER. THE FEDS CANNOT FINE THE BANKS AND THEN GIVE THE MONEY TO THE FORMER HOMEOWNER. FINES FOR VIOLATIONS OF LAW MUST BE TAKEN TO COURT. I DON'T KNOW WHAT THE REIMBURSEMENT IS FOR BUT IT IS NOT GOING TO BE LABLED AS PAYMENT FOR VIOLATIONS OF FED OR STATE LAW.

OMO said...

"This is all some form of fraud. ... is this not inappropriate and a reason to cancel a foreclosure?"


DON'T ASK ME. FILE A COMPLAINT UNDER THE TILA FOR STATUTORY VIOLATIONS. THAT'S THE ONLY WAY YOU WILL LEARN IF FRAUD IS GOOD REASON TO CANCEL A FORECLOSURE.