2010/11/16 at 1:01 pm A separate report from the Congressional Oversight Panel, also being released Tuesday, raises questions about whether improper document transfers could create additional liabilities for the biggest U.S. banks. The consequences could be “severe,” the report said, “if documentation problems prove to be pervasive and, more importantly, throw into doubt the ownership …
UPDATE – H.R. 3808 Will Be Voted on to Override or Uphold the Presidents Veto Tomorrow federal-notary-bill-attempts-to-grant-full-pardon-to-lender-notaries-witnesses obama-will-not-sign-notary-bill-good-work-readers AND NOW THEY ARE TRYING AGAIN—- THIS IS BASICALLY THEIR SHOT AT TURNING WHAT WAS ILLEGAL INTO LEGAL. ALL AMERICANS SHOULD BE APPALLED. THIS BILL IF PASSED WILL MAKE EVERYTHING THE BANKS DID LEGAL. IT IS THE EQUIVALENT …
“Why should homeowners take responsibility for the screw-ups of the financial geniuses on Wall Street and the screw-ups of those who did their closings?” — Neil Garfield Op-Ed Columnist NY Times Too Good to Check By THOMAS L. FRIEDMAN Published: November 16, 2010 “A lie can travel halfway around the world while the truth is …
QUOTE OF THE DAY: MARK TWAIN AND THOMAS FRIEDMAN Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG EDITOR’S NOTE: The problem I have with this kind of reporting is the presumption that the using a lower amount of principal as the amount due under the mortgage is some sort of gift to homeowners. It is “PRINCIPAL CORRECTION” not principal …
At Ambac, Haves and Have-Nots By GRETCHEN MORGENSON LIFE is unfair, as everyone knows. But never has this been clearer than in the aftermath of the financial crisis. Small banks that took no part in reckless lending are saddled with higher costs because of the bailout used to rescue big banks that messed up; individuals …
EDITOR’S NOTE: I wouldn’t exactly agree that foreclosures are fizzling out, but it is true that despite the announcements from BOA, Chase etc. that they were resuming foreclosures, the number is dwindling. It seems that when they announced the moratorium a sharp rise in strategic defaults (people just stop paying) caused them to at least …
Editor’s Note: TELL THE TRUTH! And thanks for this submission. That message is directed to government, banks and big business. Avoiding it is getting us deeper and deeper in the hole. Confronting it and doing what is RIGHT will restore equilibrium to our economy. These entities are riddled with toxic waste, non-existent mortgages, non-existence loans …
