Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Daily Archives: February 15, 2012

Foreclosure in California – A Crisis of Compliance

Foreclosure in California – A Crisis of Compliance, February 2012

  • “The City and County of San Francisco’s Office of the Assessor‐Recorder retained Aequitas Compliance Solutions, Inc. to review 382 residential mortgage loan transactions (the “subject loans”) that resulted in foreclosure sales that occurred from January 2009 through October 2011. Over this period, there were 2,405 foreclosure sales. The subject loans thus represent approximately 16% of the total. We analyzed the subject loans to determine the mortgage industry’s compliance with applicable laws. Specifically, we focused our analysis on important topics relating to six Subject Areas:
    • Assignments
    • Notice of Default
    • Substitution of Trustee
    • Notice of Trustee Sale
    • Suspicious Activities Indicative of Potential Fraud
    • Conflicts Relating to MERS”
    • Overall, we identified one or more irregularities in 99% of the subject loans. In 84% of the loans, we identified what appear to be one or more clear violations of law.”
  • OCLC Announces Downloadable Version of FAST Now Available

    News release: “OCLC Research has made FAST (Faceted Application of Subject Terminology) available for bulk download, along with some minor improvements based on user feedback and routine updates. As with other FAST data, the bulk downloadable versions are available at no charge. FAST is an enumerative, faceted subject heading schema derived from the Library of… Continue Reading

    New GAO Reports – Early Child Care and Education, Law Enforcement Body Armor, U.S. Coins, Workforce Investment Act

    Early Child Care and Education – HHS and Education Are Taking Steps to Improve Workforce Data and Enhance Worker Quality, GAO-12-248, Feb 15, 2012 Law Enforcement Body Armor – DOJ Could Enhance Grant Management Controls and Better Ensure Consistency in Grant Program Requirements, GAO-12-353, Feb 15, 2012 Law Enforcement Body Armor – DOJ Supports Its… Continue Reading

    NYT: Flaw Found in an Online Encryption Method

    NYT: “A team of European and American mathematicians and cryptographers have discovered an unexpected weakness in the encryption system widely used worldwide for online shopping, banking, e-mail and other Internet services intended to remain private and secure. The flaw — which involves a small but measurable number of cases — has to do with the… Continue Reading

    January 2012 the 19th warmest for the globe

    State of the Climate – National Oceanic and Atmospheric Administration, Global temperature highlights: January 2012 “The combined global land and ocean average surface temperature for January 2012 was the 19th warmest on record at 54.30°F (12.39°C), which is 0.70°F (0.39°C) above the 20th century average of 53.6°F (12.0°C). The margin of error associated with this… Continue Reading