Chris Koster

Borrowers Don't Count — But False Claims of Losses Count Multiple Times

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 What Goes to the Banks Stays With the Banks Even if the Payment was on the Debt owned by Another There have been dozens of deals with law enforcement and regulatory agencies. There have been thousands of settlements with individual homeowners …

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Nancy Drew Digs Into Wells Fargo -Maiden Lane, FDIC, FHLA

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Note: If you are serious about litigation, truth, justice and the American way, then you should be reading Nancy Drewe’s posts very carefully. These are the tracks that will enable you enable to track the money. Tracking the money means …

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Multi-State Settlement Does NOT Bar Your Individual Claims or Defenses

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 by “George” This Obama agreement will not stop you from filing your individual lawsuit in reference to any of the fraud involved in your particular case. Scroll down to the 16th paragraph, the last 2 sentences about filing individual lawsuits and …

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British View Explains Banking Crisis

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Comment: Read this joke and think about it because it tells part of the story of American “securitization.” Then realize that the only debt — the one who got the dead donkey was paid in full once while his agent/broker …

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FANNIE MAE SINKS PRINCIPAL REDUCTION PROGRAM ON IDEOLOGICAL GROUNDS

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S COMMENTS: Who are these people who make judgments about borrowers that are so negative? Do they really think that 20 million people woke up one morning and decided to attack the financial services industry? Or is it possible that the …

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SEC ISSUES WELLS NOTICES TO MAJOR BANKS

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Sifting Through 25 Million Pages of Documents EDITOR’S COMMENT: Attorneys for homeowners should watch these investor suits carefully. Contained within them are allegations and discovery relating to the enforceability of the mortgage liens as well as the failure to properly underwrite …

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Robo-Deal: The Price of Crime

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 ” The biggest mistake being made in the settlement is that investors are being insulted. They won’t return to the same marketplace and invest in similar offerings in the future. This puts a permanent damper on credit markets and liquidity. Investors …

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3 MERS for the Price of One!

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Comment: This reminds me of what we did in the 1980’s for “asset protection” in which we had a limited partnership as the general partner of a limited partnership which was the general partner of a limited partnership — with …

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Banks Getting Nervous as Legal Prospects Dim

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Just How Relevant is the Multi-State Settlement? Editor’s Comment: There are jokes going around about how you can’t fix stupid. We should add that you can’t fix title either unless you throw out hundreds of years of law and  market expectations. …

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Obama Still Has it Wrong

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Comment: The only thing I would add to this article is the LAW. The law is that the responsibility for the viability of a mortgage is that of the lender, not the borrower, and that is simply because these transactions …

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Missouri Indictment Gives Notice of Title Defects to All Buyers

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 See Full Indictment: Microsoft-Word-DOCXIndictment.docx_ “Defendant, acting knowingly in concert with its employees, with the purpose to defraud, used as genuine or transferred with the knowledge or belief that it would be used as genuine, a writing, namely Deed of Release number …

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Arizona, Nevada and Massachusetts Giving Away the Store?

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 FIREDOGLAKE.COM by David Dayen, report-massachusetts-nevada-would-have-to-give-up-foreclosure-fraud-suits-to-join-deal We learned on Friday that Eric Schneiderman’s suit against MERS and three banks using MERS represented a carve-out on the final foreclosure fraud settlement. There was speculation, stoked by HUD Secretary Shaun Donovan, that other states …

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MERS Trademark Registration Raises Further Questions

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 by Ken Dost The standard language in a Fannie Mae and Freddie Mac Uniform Security Instrument or more commonly known as the ‘Deed of Trust’ that millions upon millions of people signed contains the following: “MERS” is Mortgage Electronic Registration Systems, …

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Price of Signature of Homeowners Rises to Avoid "Title Crash"

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S ANALYSIS: The race is on. Homeowners are sitting on an asset — their signature — that has gone up in value 35X thus far from $1,000 to $35,000. The REAL STORY is that the Banks and servicers need to find …

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INDICTED! LPS Robosigning is Forgery and False Declaration in Missouri

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 136 Count Indictment EDITOR’S COMMENT: At least one Attorney General has seen the light, bringing in an indictment for forgery against DOCx, LPS, and individuals in management, citing the simple statement from an $11 per hour employee that the scope of …

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