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June 17, 2010

TBW Taylor Bean Chairman Arrested On Fraud Charges

27 Comments / bubble, CASES, CDO, Corruption, Eviction, evidence, expert witness, Fannie MAe, foreclosure, foreclosure mill, GTC | Honor, HERS, investment banking, Investor, Modification, Mortgage, Motions, Pleading, securities fraud, Servicer, Statutes / By

“The fraud here is truly stunning in its scale and complexity,” said Lanny A. Breuer, assistant attorney general in the criminal division of the Department of Justice. “These charges send a strong message to corporations and corporate executives alike that financial fraud will be found, and it will be prosecuted.” Once they determined that that …

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Housing Market Slows as Buyers Get Picky

6 Comments / bubble, CDO, Corruption, Eviction, expert witness, Fannie MAe, foreclosure, foreclosure mill, GTC | Honor, investment banking, Investor, Modification, Mortgage, securities fraud, Servicer, trustee / By

Editor’s Note: Housing prices will continue to decline until median income starts to flatten out. All signs indicate that we are in for another 10%-20% drop as conventionally measured. Remember that housing prices do NOT take into consideration selling expenses and concessions at closing. All things considered, housing prices should be at least 8% under …

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