COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see Good Comments Below from Readers Many thanks to Simon Johnson at www.baselinescenario.com for pointing out this apparent anomaly. While more and more people are exercising their option to strategically default on the first mortgage either intentionally or because they can’t make the payment, a …
Ron is an early adopter (2008) of the uses of securitization defenses and offense. As a lawyer actively practicing in Tucson he concentrates on Chapter 7, Chapter 13, and now appeals. He has consistently applied the principles of breaks in the chain of title, securitization restrictions, and issues of standing, real party in interest and …
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary NOTABLE QUOTES: “The rise in repossessions and decline in loan modifications are further signs that problems in the US housing market are persisting, in spite of forecasts by some analysts of a recovery before the year-end.” “The number of homes entering foreclosure rose 31 per …
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “Allstate alleges that between March 2005 and June 2007, as it was buying the securities, Countrywide “abandoned its underwriting standards, misrepresented crucial information about the underlying mortgage loans and concealed material facts” from the insurer, it said in a statement.” EDITOR’S COMMENT: If the note …
GOOD HANDS (ALLSTATE) SLAP COUNTRYWIDE (BOA) FOR $700 MILLION FRAUD Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: Just how many times do we need to be hit with this news before the words “APPRAISAL FRAUD” come into common use? Entire markets were artificially inflated with the complicity of developers, real estate brokers, banks, originators and of course the real estate …
ZILLOW: Take off another 7% on Housing Prices Next Year too. Read More »
