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November 5, 2008

Fannie Mae and Freddie Mac: Holders in Due Course? – NO

1 Comment / CDO, currency, Eviction, foreclosure, GTC | Honor, Mortgage / By

We’ve received a few questions regarding the impact of the “takeover” of Fannie Mae and Freddie Mac by the Federal government. These were chartered by congress as opposed to any state and it is questionable whether anything has actually changed except for management personnel and style. They were theoretically private corporations with their common stock …

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Foreclosure Defense and Offense: Evolving Mortgage Audit Criteria

16 Comments / bubble, CDO, currency, Eviction, foreclosure, GTC | Honor, Mortgage / By

The start of every case, as I see it, is the collection of facts and documents, so that a complete mortgage evaluation and status report can be prepared by an independent third party who can serve as an expert witness if the need arises. The current “cottage industry” of TILA audits is insufficient but a …

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