Bank of America

WHO OWNS THE MORTGAGE?

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 John Kevin Kennedy was an engineer at Anheuser Busch for 30 years. Then came the sale to InBev, and the big downsizing at the brewery left Kennedy out on the street along with much of his department. With no job, he …

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Reuters: Calls Mount to Break Up Bank of America

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Weakness of BOA Poses Threat to Entire System Editor’s Comment: When I proposed it 4 years ago, it was dismissed as the ravings of a fringe lunatic. Now it’s mainstream. BOA, Citi, JPM et al are in no better shape than the banks …

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Reuters: Top Justice Officials Linked With Pretender Lenders and MERS

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Covington Issued Legal Opinions that Started MERS Editor’s Note: 4 years ago I interviewed lawyers that had detailed knowledge of the start of MERS and the entire mortgage mess. They told me, on promise of anonymity, and for use as background only, that …

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OCC Issuing Alert to Consumers About Independent Foreclosure Reviews

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SEE FULL ARTICLE ON MORTGAGENEWSDAILY.COM The OCC is rolling out its first public service announcements to alert consumers about the Independent Foreclosure Review announced by it, the Fed, and the OTS in early November.  The campaign follows the distribution of over 4 million letters …

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BIG SET-BACK FOR BANKS DEFENDING FRAUD ACTIONS

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S ANALYSIS: MBIA insured mortgage-backed securities created by Countrywide. The insurance contract provides that MBIA waives any right of subrogation or claim to the loans that were supposedly in the pool of loans that were morphed into some sort of entity (people call …

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DOJ INVESTIGATION: "OPERATION STOLEN DREAMS"

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT TREASURY DEPARTMENT SUSPENDED LOAN MODIFICATION INCENTIVE PAYMENTS TO BOA Arthur Schack, a state court judge in Brooklyn, in a 2010 ruling said that pleadings by the Baum firm on behalf of HSBC Bank, a unit of London-based HSBC Holdings HSBA.L, in a foreclosure …

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WINNING FORECLOSURE TRIALS: BOA Loses Another One in Brevard County Florida

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FOLLOW THE MONEY TRAIL Editor’s Comment: Here is a firm that believes the Banks don’t have the goods and is willing to go after it. They also show some courage and tenacity in going on the offensive, which is where all of the …

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9TH CIRCUIT: MERS and ReconTrust act to usurp Appellant’s property without lawful authority”

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FROM THE BRIEFS: “MERS Cannot be and in fact is not the beneficiary of the DOT. There is no named beneficiary in the SOT and ANY and ALL beneficiaries must be named in the SOT. Therefore the SOT (and consequently the NTS) is …

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BOA LOSES BID TO DISMISS CASE FOR FRAUD AND BREACH OF DUTY OF GOOD FAITH

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 …

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DELAWARE TO MERS: NOT IN OUR STATE!

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Delaware sues MERS, claims mortgage deception Posted on Stop Foreclosure Fraud Posted on27 October 2011. Some saw this coming in the last few weeks. Now all HELL is about to Break Loose. This is one of the States I mentioned MERS has to …

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Consumer Gloom: Could it be Housing?

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “That has led a growing number of economists to argue that the collapse of housing prices, a defining feature of this downturn, is also a critical and underappreciated impediment to recovery. Americans have lost a vast amount of wealth, and they have lost …

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UTAH ATTORNEY SUCCEEDS IN GETTING REMOVAL TO FEDERAL CT REMANDED BACK TO STATE CT CONVERTING NON-JUDICIAL TO JUDICAL FORECLOSURE

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE LAWYER OVERCOMES PRESUMPTION OF VALIDITY OF TRUSTEE DEED IN UTAH  SEE BOA-RECONTRUST FACE JUDICIAL FORECLOSURE IN NON-JUDICIAL STATE  EDITOR’S NOTE: BOA and Recontrust, their puppet “substitute trustee” have stumbled into a quagmire and attorney John Christian Barlow has seized the opportunity to shine …

UTAH ATTORNEY SUCCEEDS IN GETTING REMOVAL TO FEDERAL CT REMANDED BACK TO STATE CT CONVERTING NON-JUDICIAL TO JUDICAL FORECLOSURE Read More »

MEGA DEATH WATCH: MOODY'S DOWNGRADES CREDIT RATING FOR BOA, CITI AND WELLS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: It’s only the first of a series of moves that will reduce the megabanks to rubble. They are reporting a substantial amount of “assets” that don’t exist and now it is apparent that neither the politicians nor the taxpayers have any …

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DALLAS COUNTY SUES DEADBEAT MERS, STEWART TITLE, BANK OF AMERICA, ASPIRE FINANCIAL

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “So Dallas is suing MERSCORP et al, including big old Bank of America who is already on our death watch. And Dallas is going to win, meaning that county recorders across the country are going to make their claim for fees that are …

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ANOTHER AG (NEVADA) DISAVOWS DEAL WITH BANK OF AMERICA

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “In her filing, Ms. Masto contends that Bank of America raised interest rates on troubled borrowers when modifying their loans even though the bank had promised in the settlement to lower them. The bank also failed to provide loan modifications to qualified homeowners …

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Minnesota AG Backs NY AG: No Amnesty For Banks

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 …

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BOA DEATHWATCH: PORTRAIT OF CRIMINAL ENTERPRISE?

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE MORTGAGES WERE NOT SECURITIZED “[Nevada Attorney General] Masto didn’t stop there. She also pulled out a bazooka. She accused BofA of failure to properly securitize mortgages, breaking the chain of title and nullifying their standing to foreclose. This is from the amended complaint: …

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MERS: A FAILED ATTEMPT AT BYPASSING STATE AND FEDERAL AUTHORITY

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 …

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BANKS DEFRAUDING TAXPAYERS FACE FATE OF AL CAPONE

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 …

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GLOVES OFF? Massive Wave Of Lawsuits To Be Filed By The US Against America's Biggest Banks

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE ANOTHER BANK BAILOUT??? Massive Wave Of Lawsuits To Be Filed By The US Against America’s Biggest Banks As Soon As Tomorrow Submitted by Tyler Durden on 09/01/2011 22:30 -0400 FROM www.zerohedge.com American International Group BAC Bank of America Bank of America Citigroup Countrywide …

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Window Dressing: File a Lawsuit — Maybe It will Improve the View

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: YAWN! The government keeps filing lawsuits that COULD be big and COULD cause make corrections in the marketplace to reflect reality. But then they go nowhere, with discovery stymied by the Banks and then a settlement on the table that sells …

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BLOOMBERG: HOA V BOA: Homeowner Associations Step Up the Pressure on Banks

MOST POPULAR ARTICLES CLICK HERE TO RESERVE SEATING AT HAWAII WORKSHOP GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Homeowner Associations Wake Up to Collections and Profit!! FORECLOSING ON THE BANK!! EDITOR’S COMMENT: Becker and Poliakoff in South Florida is probably the largest law firm representing homeowner associations in the U.S. Once upon a …

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Deconsolidation Nation for Mortgages?

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: IT ALL COMES DOWN TO THIS: DO YOU WANT TO SAVE THE BANKS OR DO YOU WANT TO SAVE THE COUNTRY? Submitted on 2011/08/27 at 9:20 am by Nancy Drewe National Mortgage News sign up for your own subscription first 2 …

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BOA DEATH WATCH: SETTLEMENT FALLING APART, BOA SCRAMBLES FOR DOLLARS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “bank is suddenly open to unlimited downside capital risk” BofA’s $8.5 Billion Settlement Could Fall Apart After Request Made To Move Mortgage Case From State To Federal Court As most know by now, the ridiculously low $8.5 billion putback settlement, which was supposed …

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