MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Matt Stoller nails it in his article below. In order to arrive at Buffet’s conclusion, you must start with the premise that the banks did nothing wrong. 50 AGs filing actions against the banks and Buffet arrives at …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: PICO National Network diverts $34 million in deposits away from pretender lenders. Whether you are a person of faith or not, we are taught that lying is not a good thing. Conceding something that isn’t true is …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 When is Foreclosure Theft? When the Mortgage is Recorded at MERS Author: L. Randall Wray As I’ve said many times, whenever you criticize the banks you get pushback from their employees and lawyers handling their home thefts (whoops I meant “foreclosures”). …
The Murder of our Economy and Society by the Banks Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Negative Equity Rising and Still Understated Editor’s Comment: In our pretend world which is being narrated by the Banks, the housing crisis is easing, people are starting to buy foreclosed homes for investment and domicile, and the defects in documentation …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Faulty Foreclosures Present Systematic Breakdown and Big Risks for Buyers Editor’s Comment: The reality of the system of wrongful foreclosures is being revealed piece by piece as officials examine the filings from pretender lenders. It is plainly obvious that even …
Faulty Foreclosures Present Systematic Breakdown and Big Risks for Buyers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 If Insurers Are Rejecting Defective Loans Why Don’t The Courts? Editor’s Comment: Insurers of all stripes are rejecting claims for failed mortgages at a rate that is becoming troublesome to the Megabanks. Moynihan at BOA thinks that (a) the insurers …
If Insurers Are Rejecting Defective Loans Why Don't the Courts? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: I call it fraud. They prefer to call it “dual-tracking”. The fact is, that homeowners ignorant of the real intent of the banks and servicers went through the charade of seeking modifications and settlements. Yet they were set …
Dual Tracking: Luring Homeowners into Foreclosure Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: It should come as no surprise that the would-be foreclosers are not creditors, not authorised servicers and are not acting officially in any capacity. They just want another house acquired through a “credit bid” that enables them to …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: There are a lot of good reasons for the 10% defection rate at big banks — and the benefit flowing to smaller community and regional banks. The biggest reason appears to be a visceral dislike for the large …
Community Banks Prosper as MegaBanks Lose Customers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Free Houses Go To Banks Not Borrowers “Kamala D. Harris, the attorney general of California, is adamant that homeowners are not looking to abuse the system. “I have met with these families,” she said, “and every single one of them …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 by Isaac Gradman, www.subprimeshakeout.com Having received copious kudos for engineering an $8.5 billion investor settlement with Bank of America over soured Countrywide residential mortgage backed securities (RMBS), “pitbull” lawyer Kathy Patrick, of the Houston-based firm, Gibbs & Bruns, has now …
Investors Getting Wise to Conflict of Interest With Banks and Servicers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT OBJECTIONS TIMELY MADE TURN THE TIDE CUSTOMER SERVICE 520-405-1688 Editorial Comment: Hat tip to Weidner: The bottom line is that the pretender lender was prevented from introducing evidence of “default” and was further prevented from introducing evidence establishing the pretender’s right to foreclose. …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Analysis: It all started with flooding the market with money in deals that even Alan Greenspan couldn’t understand with an army of over 100 PHD’s. Median income was going down, median expenses were going up, and people were having …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Here are some issues presented by this lawsuit in which shareholders sue on behalf of the corporation (Wells Fargo) in which they hold common stock: Can any reasonable person conclude ignorance of those in the highest management of …
Scapegoating Begins: Wells Fargo Sues Its Own Officers and Directors Read More »
