GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE BANKS LOOKING TO NY FED FOR PROTECTION EDITOR’S NOTE: Maybe this will wipe that arrogant smirk off their faces. Again the investigations are renewed after it seemed they were giving up. Just as the financial regulatory agencies followed up an SEC settlement with Goldman, they all, …
NY STARTS NEW INVESTIGATION OF MEGABANKS ON MORTGAGES and FORECLOSURES Read More »
Don’t Ask, Just Cram: It’s Time to Put Mortgage Modifications Back into Judges’ Hands By Abigail Field Posted 12:00PM 04/06/11 Columns, Real Estate, Credit Comments PrintText Size A A A Print this page|EmailShare on FacebookShare on TwitterShare on DiggShare on Lifestream Many state attorneys general, federal law enforcers and regulators say they want big banks …
Don't Ask, Just Cram: It's Time to Put Mortgage Modifications Back into Judges' Hands Read More »
CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: When regulators refer to the banks as “clients” you know you have a problem. The mess (chaos) left in the wake of invalid mortgages and notes, fraudulent foreclosures, fraudulent credit bids and resales is going to stay with …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “If there had been a cop on the beat to hold mortgage servicers accountable a half dozen years ago,” she said at one point, “the problems in mortgage servicing would have been found early and fixed while they were still small, long before they became a national scandal.” EDITORIAL …
WHY ELIZABETH WARREN SCARES THE CRAP OUT OF BANKS Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: We must face the fact that neither the media nor the regulators are going to admit our true status. Reporters blithely refer to a $600 trillion CFTC “industry” that in fact is so full of vapor it probably doesn’t amount to more than …
RULE BY BANKS INSTEAD OF RULE OF LAW: WHERE IS THE U.S.A.? Read More »
Editor’s Note: Here is the problem. As I explained to a Judge last week, if Aunt Alice pays off my obligation then the fact that someone still has the note is irrelevant. The note is unenforceable and should be returned as paid. That is because the note is EVIDENCE of the obligation, it isn’t THE …
So in Chapter 11 for the big boys they address reality and treat the value of the property the way it is. But in individual little guy petitions for relief in bankruptcy court, they stick you with the entire amount of the Note even if the security is only worth 20% of the “principal.” And …
Editor’s Note: Thanks to Allan again. If there is one person in a relatively high position who has understood the subprime crisis, acquired the information on securitization, named the villains and described their practices separating honest people from their money it is Elizabeth Warren, whose was barely heard over the din of back-slapping during the …
Bostonian of the Year: Elizabeth Warren, Watchdog Read More »
now available on kindle/amazon! Bank and Regulators neglect-and-inaction-7-10-09-final IndyMAc Bank FSB. v Yano-Horosky Nevada Law Practical RP Issues VIDEO: Preparing for Hyper Inflation People (including lawyers cross-examining me as an expert witness) ask “How do you know that?” Or sometimes they will ask “How do you know you’re right?” My answer is that it’s not …
