Banks use several ploys to distract the court, the borrower and the foreclosure defense attorney from the facts. One of them is citing a merger in lieu of presenting documents of transfer of the debt, note or mortgage. We already know that the debt is virtually never transferred because the transferor never had any interest …
CHECK OUT OUR EXTENDED DECEMBER SPECIAL! “The true transaction is the one where investors gave money to borrowers and the borrowers agreed to pay it back either under the terms of the note, the terms of the bond or some combination of the two. That loan is NOT secured but was intended to be secured …
Ally-Rescap Dispute Shows the Rest of the Story: Myth vs. Fact Read More »
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Szymoniak: Honesty Pays $46.5 Million in Whistleblower Suit Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE POLITICIANS SMELL BLOOD: RUN AGAINST THE BANKS “Every single American has paid a very heavy price for the behavior of the financial industry. Ordinary people have lost homes, jobs, income, and financial security because of the actions of this industry,” Swanson said in …
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE from STOP FORECLOSURE FRAUD Fannie-Freddie’s Hypocritical Suit Against Banks Making Loans that GSEs Helped Create EDITOR’S NOTE: Practically everything that the government is doing with respect to the economy and the housing market in particular is hypocritical. If we look to the result …
MERS: A FAILED ATTEMPT AT BYPASSING STATE AND FEDERAL AUTHORITY Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: Somehow this particular article escaped me when it was published by Huffington Post. Like all the other allegations against the participants in the mortgage securitization hoax, the underlying theme is that the major banks simply lied about the ownership, value and …
BANKS DEFRAUDING TAXPAYERS FACE FATE OF AL CAPONE Read More »
Fed penalizes 10 banks on mortgage practices Related stories Major banks sanctioned over mortgage practices (April 13) Buy B. of A.? Timing isn’t everything (11:31a) J.P. Morgan offers clues to other bank results (April 14) Stocks to watch Friday: Bank of America, Google (6:25a) By Steve Goldstein WASHINGTON (MarketWatch) — The Federal Reserve said it’s …
