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AGENDA FOR MEMBER TELECONFERENCE
- Missouri Indictment: One County — what About the Rest?
- What are the final terms of the multi-state AG Settlement? Amnesty? Immunity?
- Why are we dealing with the banks when they didn’t fund the loans?
- When will the settlement be effective. Court Approval required
- What effect does it have on homeowners seeking to recover their homes taken in wrongful foreclosures
- What effect will it have on new buyers and lenders?
- Will Fannie and Freddie finally encourage principal corrections?
- How will it effect future foreclosures in an election year and beyond?
- New Investigation team starts up to assist Livinglies readers
- MERS: How will Title Collapse be Averted? Legislation?
- Arizona moving towards help for certain homeowners and proof of ownership of loan
4 thoughts on “AGENDA for Today's Member Conference at 6pm EST, 3pm PST”
Residential Credit Solutions as Issuer, Servicer
http://www.dsnews.com/articles/ginnie-mae-greenlights-residential-credit-solutions-as-issuer-and-servicer-2012-02-14
Thank you, ANONYMOUS—succinctly right on, as always.
Answer to #3 — maybe you can address. Because the subprime loans were not mortgage loans to begin with. The banks purchased collection rights to (falsely) classified default debt/non-compliant loans — and modified them by a false refinance. No funding necessary, thank you. unless there was a cash-out — that was all that needed to be funded — and, if to pay credit card debt — you were doomed with this one.
AGs targeting the banks because the banks were biggest debt buyers of all. Subprime — it is debt collection — modified debt “loans.” That is all. Also, feel bad for the security investors, they invested in securities to default debt. Were wrongly told — triple A rated. Insurance fraud — over and over. What a bundle these guys were making. Until all collapsed. Discovered in Europe — not really mortgage loans — and not really mortgage backed securities. Whose fault? The banks.
DEBT collection —-with a capital D. And AGs have stalled to allow SOL to expire. Discovery rule as to SOL? Yes, but no longer with AG help — we are on our own.
Neil: what’s the number we call for the conference today? Tx