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May 26, 2011

Foreclosure-Gate Screw Tightens: Banks Face $17 Billion in Suits Over Foreclosures

90 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: Here is our problem writ large. The commentary written by Shedlock (see below) is basically on the side of punishing the banks for their wrongdoing, but not giving any relief to borrowers. The logic behind the position is that anyone who does not pay …

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COLLATERAL BENEFIT: WHO GETS IT? PRETENDERS OR BORROWERS?

15 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FROM MARKET TICKER Mish Is Again Off The Rails (Foreclosuregate) Sigh….. State attorneys general are not happy with a $5 billion offer by major banks to settle lawsuits regarding robo-foreclosures and other alleged grievances. Some officials want as much as $20 billion. The compromise threat is …

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REPUBLICANS ATTACK ELIZ WARREN: SLEAZE BATH SHOULD BACKFIRE

30 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: When you have nothing else throw mud. Some of it is bound to stick no matter how stupid it is. That’s straight out of the Republican playbook. The Banks are losing ground and they are pounding and threatening the Republicans withdrawing their support and …

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IL AG ISSUES NEW SUBPOENAS TO LPS AND NTC

2 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE MADIGAN ISSUES SUBPOENAS TO LPS, NationWide Title Clearing ; WIDENS ‘ROBOSIGNING’ PROBE FROM STOPFORECLOSURENOW.COM Chicago — Attorney General Lisa Madigan today expanded her investigation into “robosigning” practices, issuing subpoenas against two national mortgage servicing support providers. The subpoenas are the latest effort in Madigan’s ongoing probe …

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