COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Organized crime is now mainstream and the godfathers are sitting in executive offices atop high billion dollar buildings giving out instructions to their paid servants to serve no other purpose than to give the appearance of a government that is governing. WHAT ARE YOU GOING …
ONE ON ONE WITH NEIL GARFIELD COMBO ANALYSIS TITLE AND SECURITIZATION Bank of America Corp’s Countrywide mortgage unit is being sued for Fraud! Investors claiming they were victimized by Bank of America’s Countrywide in a “massive fraud” when they bought mortgage-backed securities. “Investors now seem to be conforming their allegations to those set forth on …
REUTERS: BANK OF AMERICA HIT WITH THREE NEW LAWSUITS FOR "MASSIVE" FRAUD Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Notable Quotes: “The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even …
SECRET BANKING ELITE: WHERE THE REAL DECISIONS ARE MADE Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “Allstate alleges that between March 2005 and June 2007, as it was buying the securities, Countrywide “abandoned its underwriting standards, misrepresented crucial information about the underlying mortgage loans and concealed material facts” from the insurer, it said in a statement.” EDITOR’S COMMENT: If the note …
GOOD HANDS (ALLSTATE) SLAP COUNTRYWIDE (BOA) FOR $700 MILLION FRAUD Read More »
submitted by reader BANK OF AMERICA ASSIGNS SAME NOTE TWICE AND GETS PAID TWICE! (To prevent further retribution to our family, I post this information under a pseudonym.) 1) In 2001, I closed on a refinancing loan, with XXXX Mortgage Company “A” (“MCA”). 2) “MCA” immediately thereafter assigned the loan to Bank of America (“BOA”). …
BANK OF AMERICA ASSIGNS SAME NOTE TWICE AND GETS PAID TWICE! Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL YOU CAN’T PICK UP ONE END OF THE STICK WITHOUT PICKING UP THE OTHER MORE MODIFICATIONS MEANS HIGHER LIABILITY TO INVESTORS The Arizona case is Arizona v Bank of America, CV2010- 33580, Maricopa County Superior Court (Phoenix). The Nevada case is Nevada v. Bank …
BANK OF AMERICA SUED BY GODDARD (AZ) AND MASTO (NV) FOR BANK FRAUD AGAINST CONSUMERS Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: The effort to choke off payments to WikiLeaks is being defended by some as an act of patriotism, protecting the state secrets of our government. BOA wold no doubt say that it is merely cooperating with the government. But my guess is that …
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “The problem facing Bank of America is stunning, both on an economic and on a human scale. Among its 14 million mortgage customers, nearly 1 in 10 is past due. Another 190,000 have not been able to make a payment in at least two years, …
Editor’s Note: Bid Rigging is exactly what is happening at the steps of every foreclosure action involving so-called securitized loans. Here BofA admits it but not for home foreclosures. The party submitted the non-cash bid (called a credit bid) is not the creditor, and the title is transferred to yet another party who is also …
Bank of America Pays $137 Million in Bid-Rigging Case Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL Analyst Note: This transaction was probably really a securities transaction. The homeowner was converted from an owner in real property to an investor in a security that was issued, sold and documented illegally. The obligation was to pay for the security and not for …
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary POSTED BY “RESEARCHER” See also fdic-servicers-are-advancing-funds-on-loans-supposedly-in-default EDITOR’S COMMENT: It isn’t just Bank of America. And it isn’t just the servicers. EVERYONE in the securitization chain has a legal problem, a liability problem and is subject to potential fines, penalties, damage awards to borrowers, punitive damages …
TOP READER PICKS FOR SERVICES AND PRODUCTS EDITOR’S NOTE: This is not just a paper crash, which old-timers like myself will remember from the Wall Street paper-crash of the late 1960’s. Simple logic leads to the inevitable conclusion that property rights and contracts, mortgages, notes and obligation are all about paperwork and recording. The trail is …
Bank of America will halt foreclosures in 23 states because of document problems. A Bank of America official acknowledges in a legal proceeding that she signed up to 8,000 foreclosure documents a month and typically didn’t read them. The executive’s admission adds the nation’s largest bank to a growing list of mortgage companies whose employees …
SERVICES YOU NEED 9.29.10Florida-Motion-Fraud-on-the-Court-Bank-of-America-vs-Julme-Case-CACE09-21933-05[1] Editor’s Note: Matis Abravanel, practicing in South Florida has drafted and filed a motion that is a classic in its construction. The result was that BAC caved, which is good, but what really draws my attention to this work is its masterful presentation. Lawyers would do well to look carefully at …
FORM: BAC ASSIGNMENT FRAUD ON THE COURT COMPLAINT Read More »
SERVICES YOU NEED Somebody get me the complaint so I can post it here. Editor’s Note: AMBAC is one of the insurers of loan portfolios, like AIG. The insurance paid off when the Master Servicer declared the portfolio had “failed,” based upon standards that were set by the Master Servicer and Underwriter. The insurer had …
AMBAC SUES BANK OF AMERICA FOR MASSIVE FRAUD: $16.7 billion Read More »
SERVICES YOU NEED “Here is a simpler explanation: the financial services industry is throwing more paper at the system than it can handle. So they are getting away with “representations” rather than solid evidence and proof. If Judges would require at least a copy of the title report, this case would not have occurred — …
Wrongful Foreclosure Hits Cash Short-Sale Buyers Too: What? Ask Bank of America! Read More »
SERVICES YOU NEED Investors face an “obstacle course” of challenges in attempting to get banks to repurchase loans that failed to match their description in bond documents, Grais said bondholders said they have the power to order the trustee for the securities to start probes because the investors own 25 percent of the debt in …
Funds Seek Countrywide, Bear Stearns Home Mortgage Buybacks $11.6 billion Read More »
EDITOR’S NOTE: The shell game continues. While the media picks up stories about “settlements” giving rise to the presumption that Countrywide Home Loans and Bank of America and the rest of the securitization players committed various violations of statutes, duties, rules and regulations, the main point gets lost. Where is this money going and WHY? …
Countrywide settlement pays fraction to investors – Shell Game Continues Read More »
“The court certainly agrees that ‘mistakes happen,’ ” Judge Bohm wrote. “However, when mistakes happen not once, not twice, but repeatedly, and when actions are not taken to correct these mistakes within a reasonable period of time, the failure to right the wrong — particularly when the basis for the problem is a months-long violation of …
GET LOAN SPECIFIC RECORDS PROPERTY SEARCH AND SECURITIZATION SUMMARY FTC v Countrywide Home Loans Incand BAC Home Loans ServicingConsent Judgment Order 20100607 Editor’s Comment: This “tip of the iceberg” is important for a number of reasons. You should be alerted to the fact that this was an industry-wide practice. The fees tacked on illegally during …
Bank of America to Pay $108 Million in Countrywide Case Read More »
6 05 10Injunction-Stopping-ALL-Foreclosure-Proceedings-by-Bank-of-America-Rec-on-Trust-Home-Loan-Servicing-Et-Al1 Bombshell – Judge Orders Injunction Stopping ALL Foreclosure Proceedings by Bank of America; Recontrust; Home Loan Servicing et al Today, June 06, 2010, 2 hours ago | Foreclosure Fraud (St. George, UT) June 5, 2010 – A court order issued by Fifth District Court Judge James L. Shumate May 22, 2010 in …
Utah Judge Stops All Foreclosures by BofA, Reconstrust, Home Loan Services et al Read More »
motion for fraud on court Matis Abravanel by Matis H. Abravanel, Esq. Some short background information on this pleading, it’s an emergency motion to cancel a final sale based upon Fraud on the Court. This client came to us a month before his final sale date, and already had a default and a final summary judgment …
“This will go on for a long time and a lot of people will be indicted,” “The government continues to show that it simply doesn’t understand how this market operated,” Editor’s Note: If you read this carefully, you get a flavor of how the derivative scam adventure involved everyone except its victims. Mind you, there …
Investment banks bundled mortgage loans into securities and then often rebundled those securities one or two more times. Those securities were given high ratings and sold to investors, who have since lost billions of dollars on them. Editor’s Note: The significance of this report cannot be overstated. Not only did the investment bankers LOOK for …
