The simple fact is that the REMIC trusts do not exist in the real world. The parties named as trustees — e.g. US Bank, Deutsch, BONY/Mellon — are trust names that are used by permission through what is essentially a royalty agreement. If you are dealing with a trust then you are dealing with a …
I’ve talked about this before. It is why we offer a Risk Analysis Report to Community Banks and Credit Unions. The report analyzes the potential risk of holding MBS instruments in lieu of Treasury Bonds. And it provides guidance to the bank on making new loans on property where there is a history of assignments, …
ALERT: COMMUNITY BANKS AND CREDIT UNIONS AT GRAVE RISK HOLDING $1.5 TRILLION IN MBS Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: There are a lot of good reasons for the 10% defection rate at big banks — and the benefit flowing to smaller community and regional banks. The biggest reason appears to be a visceral dislike for the large …
Community Banks Prosper as MegaBanks Lose Customers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: People are voting with their feet. The fact is that Credit Unions and Community Banks provide all the services that the average customer needs at a lower cost than the Mega banks. If this leads to decentralizing the power of the …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET LUMINAQ COMBO TITLE AND SECURITIZATION SEARCH see 60 MINUTES: TITLE PROBLEMS ARISING FROM SECURITIZATION A \”TRAIN WRECK\” EDITOR’S COMMENT: With 7,000 community banks and credit unions, an electronic funds transfer infrastructure enabling even the smallest bank to provide wide access ATM, internet and other conveniences, you would think …
FED POLICY FAVORS MEGA BANKS AND IS ANTICOMPETITIVE ADDING TO TRAIN WRECK Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary SMARTBANKS CONSORTIUM REVIVES 1996 GROUP LED BY GARFIELD COMING BACK TO LIFE “MAKE NO MISTAKE ABOUT IT, THE MEGA BANKS ARE PICKING UP STEAM CONTROLLING FINANCE, AND THUS CONTROLLING THE ECONOMY AND OUR FUTURE. We can only hope that the pattern of community banks and …
COMMUNITY BANKS AND CREDIT UNIONS SEIZE THE MOMENT AND MAYBE SAVE THE NATION Read More »
Editorial Comment: Actually the number is far higher. We compute it as around 45% when all is said and done. First of all there is consensus that property values are actually around 15% less than seller’s are asking. Second costs of selling the home makes up the rest, taking another 6-10% off the selling proceeds. …
Wave of Voluntary Strategic Defaults Coming: 20% Under water Read More »
The break-up of the big banks combined with strengthening the community banks and credit union would create something much closer to a free market of 7,000 institutions than 4 institutions controlling the world’s currency. Since the 1960’s the banking industry has been dominated by two main tiers of banking — the founding members of “associations” …
