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CoreLogic

BLACK KNIGHT, CORE LOGIC MOVE TO AUTOMATED VALUATION FOR APPRAISALS

2 Comments / foreclosure / By

Appraisal fraud creates civil and criminal liability. And it turns out that licensed appraisers are still uncomfortable with the current system of faking appraisals. So the investment banks, acting through their principal agents, Black Knight and CoreLogic, have turned to automation in order to do the calculation that results in the valuation of the property. …

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You might not know VendorScape but it sure knows you

Leave a Comment / boarding process, burden of persuasion, burden of pleading, BURDEN OF PROOF, Corruption, discovery, Discovery -Subpoena, evidence, foreclosure defenses, hearsay, investment banking, Pleading, securities fraud, Servicer, sham transactions, standing, TRIAL OBJECTIONS / By

In a somewhat startling admission by CoreLogic, we now have an admission of many facts that might not have otherwise surfaced but for intensive and aggressive, persistent Discovery. I am not publishing the entire letter from them for privacy reasons. But it is worth mentioning that the letter was sent, after careful legal analysis, as …

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CoreLogic: "Mortgage Performance Is Beginning to Deteriorate"

4 Comments / foreclosure / By

By K.K. MacKinstry/LendingLies Today I listened to a webinar about housing trends hosted by website Housingwire.  Ten-minutes after logging in, I logged off.  Chief Economists from Fannie Mae and the Mortgage Bankers Association discussed economic indicators that were little more than banker’s spin.  They stated that Federal Reserve rate hikes would preserve the wealth effect …

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CORRUPTION OF TITLE CHAINS IS PANDEMIC

65 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

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Nancy Drewe: Preapproved Loans Without Borrowers

27 Comments / foreclosure / By

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Underwater Homes Officially Reported at 25% of ALL HOMES

18 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S QUESTION: Just what do they expect these people to do? The actual number of underwater homes  is now approaching 20 million or 40% of all homes — again because of the way they measure it, leaving out things that directly affect the actual price paid …

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INVESTORS SUE FOR INFLATED HOME APPRAISALS, WHY DON'T YOU?

24 Comments / bubble, CASES, CDO, Corruption, Eviction, evidence, expert witness, foreclosure, foreclosure mill, GTC | Honor, HERS, investment banking, Investor, Modification, Mortgage, Motions, Pleading, securities fraud, Servicer, Statutes, trustee / By

The model concluded that roughly one-third of the loans were for amounts that were 105 percent or more of the underlying property’s value. Roughly 5.5 percent of the loans in the pools had appraisals that were lower than they should have been. In one pool with 3,543 loans, for example, the CoreLogic model had enough …

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