April 25, 2017

Housing's Echo Bubble Now Exceeds The 2006-07 Bubble Peak

If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden’s housing bubble. http://www.zerohedge.com/news/2017-04-25/housings-echo-bubble-now-exceeds-2006-07-bubble-peak A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go …

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Powell v. Wells Fargo: The Party seeking foreclosure must demonstrate that it has standing to foreclose

In this case the Bank was required to prove a chain of transfers starting with the indorsee, GreenPoint Mortgage to the current servicer.  The Bank failed to prove the series of transactions through which it purportedly acquired the note from the indorsee and the judge ordered an involuntary dismissal.  However, because this is Florida and …

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Investigator Bill Paatalo: A Plea To These Conspirators – You Have The Power To End This Nightmare.

Bill Paatalo has written a heartfelt plea (see his post below) for at least one person to be relieved of stress that is about to literally kill her. In so doing he has again demonstrated his research and forensic skills as a private investigator and one more thing, his humanity. The link to internal emails …

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Ocwen Sued by Multiple State and Federal Agencies

The CFPB complaint makes it easy for lawyers to put together private actions for violations of federal law and with few revisions violations of state law. You have a template here that will go a long way toward establishing credibility to homeowners who are victims of intentional malfeasance by servicers, master servicers, trustees and others. …

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GSE Bill would allow Homeowners to submit FOIAs to Fannie and Freddie while under Federal Conservatorship

By K.K. MacKinstry/LendingLies Anyone who is trying to find out information about the trust ownership of their loan, knows that if Fannie Mae or Freddie Mac are involved- your research hits a stone wall.  Homeowners who have a mortgage not secured by the GSEs are better able to determine what trust their loan was allegedly …

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