In the palace of smoke and mirrors that is securitization, everyone is allowed to say they understand the infrastructure even though hardly anyone has the education, training, information, and experience to know anything about it. Even most investment bankers do not grasp the enormity of this scheme which was part straight fraud and part PONZO …
BofA Acquired Countrywide But Tried to Say It Didn't Read More »
As I have previously stated the alleged merger of Bank of America with Countrywide is by no means a foregone conclusion, although lawyers invoke the merger as the basis for ownership and authority over loans. As between insurance companies and Bank of America the merger is referred to as de facto, which means that for …
Now that the courts are no longer in fear of precipitating an economic meltdown, it’s time to return to legal decisions instead of political decisions. The Hawaii Supreme Court has done just that in a common sense decision that sweeps aside most of the Wall Street arguments against allowing homeowners to raise the fraudulent foreclosure …
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: Inch by inch the judicial system is getting closer to unraveling the truth about mortgages, securitization, and foreclosures. The process is extremely painful for those whose homes have been or are sliding toward foreclosure (10.6 million more expected soon). On one …
BOA LOSES BID TO DISMISS CASE FOR FRAUD AND BREACH OF DUTY OF GOOD FAITH Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE MORTGAGE IS VOID NOT JUST VOIDABLE MISSISSIPPI BKR TRUSTEE TURNS THE TABLES ON BANKS: STATES NO EVIDENCE REQUIRED TO PROCEED TO DECLARE THE LIEN IS VOID SEE BROTHERS V BAC ET AL Memorandum Brief Partial Summary Judgment FINAL-1 SEE BROTHER V TRUSTMARK-BAC ET …
BKR TRUSTEE SEEKS TO VOID THE LIEN (MORTGAGE): BAC NOT A CREDITOR Read More »
ONE ON ONE WITH NEIL GARFIELD COMBO ANALYSIS TITLE AND SECURITIZATION EDITOR’S COMMENT: Judge Curley has been wrestling with these issues for more than 2 years. She has heard every argument, seen every memorandum, Expert Declaration (mine) and considered everything else possible. She was led to the inescapable conclusion that BOA’s position was a farce. …
J CURLEY AZ BKR CT: “No Docs To Show Ownership Of Loan Or Standing” Read More »
