March 11, 2011

BOA CORRECTS PRINCIPAL – $533K – IN BORROWER SETTLEMENT FOR BOA EXEC

Bank of America Takes $533,500 Loss on Barbara Desoer’s Home Posted on March 11, 2011 by Foreclosureblues Today, March 11, 2011, 6 hours ago | ceramic cat FROM: http://blogs.wsj.com/deals/2011/03/1…_share_twitterBank of America Corp. is fighting an effort to force U.S. banks to reduce the amount some borrowers owe on their mortgage. But property records show that the …

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THE QUESTION NOBODY IS ASKING

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S ANALYSIS: WHAT IS THE EFFECT OF TRADING, BUYBACKS, RECONSTITUTED “TRUSTS” ON THE CLAIMS OF “OWNERSHIP” OF THE LOANS?” Up in the clouds of finance and trading desks they are creating accounting entries indicating transfers of mortgage backed bonds. AIG announced it is “buying back” $17 …

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CRISIS AND CHAOS CONTINUES TO BUILD

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ NOTABLE QUOTES FROM NY TIMES ARTICLE BY FLOYD NORRIS: A surprising citadel of that second-guessing is at the International Monetary Fund, where researchers this week concluded that the rescues “only treated the symptoms of the global financial meltdown.” The researchers, Stijn Claessens and Ceyla Pazarbasioglu, warned …

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