November 11, 2011

SELLOUT TO MERS MEMBERS — AMNESTY!?: FANNIE MAE ISSUES NEW GUIDELINES ON RECORDING ASSIGNMENTS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: It appears as though Fannie Mae is trying to give some wiggle room to banks and servicers under the guise of new guidelines. But State law prevails and the guidelines are only effective as a matter of contract between FANNIE and …

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WATCH OUT! BEFORE YOU BUY THAT NEXT PROPERTY — TITLE ISSUES

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE GRAVE PITFALLS IN BUYING A HOME TODAY If you are paying cash, that is no protection against later claims of owners who never legally lost title or gave title notwithstanding what is recorded in the title registry. Those documents if false would return …

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ADAM LEVITIN: HOUSING MARKET IS TOO BIG TO FAIL

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Adam Levitin posts on www.creditslips.org EDITOR’S COMMENT: Adam Levitin has nailed it again. From politics to practicality to legality. The Multistate Foreclosure Settlement posted by Adam Levitin The New York Times came out with a strong editorial urging state AGs and the Administration …

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THE PROMISSORY NOTES FROM BORROWERS ARE SECURITIES

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: Since the beginning, my experience on Wall Street, the underwriting of securities and the trading of securities, led me to believe that the documents issued at the closing with the borrower were part of a securities package. The issuer was nominally …

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