Like everything else, “servicer advances” is a false label. There is no money being advanced. But there is money received by institutional investors who bought certificates under the mistaken belief that they were mortgage-backed securities. They receive that money regardless of whether or not payments are made by homeowners. The test for whether or not …
A person with whom I am well acquainted and who prefers to remain in the background just sent the following email to me, Bill Paatalo and Charles Marshall. Thanks to the Virus, I had some free time to catch-up on Neil’s blogs and radio shows; as such, I just listened to your piece with Charles on …
Brilliant Analysis of Securitization Sleight of Hand Read More »
The very idea of two huge Bank competitors naming each other as attorney in fact defies common sense — if they were dealing with anything real. The use of “attorney in fact” is merely a ruse in order to bridge gaps in the facial validity of documents being used in foreclosure. It also is used to create the illusion that the grantor owned …
“Lehman’s own documents show it was aware of the widespread problems and deteriorating performance of the loans it had securitized,” with half the loans at one point containing material misrepresentations, the trustees said in a court filing. Editor’s Note: The difference is money — investors have it and borrower’s don’t. So while investors are successfully litigating …
Lehman to Pay $2.4 Billion out of Bankrupt Estate Read More »
For more information please call 954*495*9867 or 520-405-1688 ============================ I have long argued that TILA claims are not barred and that fraud claims based upon intentional withholding of information (required by the Truth in Lending Act) are also not barred by the statute of limitations UNTIL the claimant knew or should have known about the …
Are Fraud Claims Barred by Statute of Limitations? Credit Suisse (Owner of SPS) Loses Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Editor’s Comment: So SOMEONE is going to jail for up to five years. But the meat of this lies between the lines. First, it was a conspiracy charge. You can’t run a PONZI scheme the size of the Madoff scheme without channels that …
Reuters: Ex-Credit Suisse Manager Pleads Guilty in Subprime Bond Probe Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE from STOP FORECLOSURE FRAUD Fannie-Freddie’s Hypocritical Suit Against Banks Making Loans that GSEs Helped Create EDITOR’S NOTE: Practically everything that the government is doing with respect to the economy and the housing market in particular is hypocritical. If we look to the result …
MERS: A FAILED ATTEMPT AT BYPASSING STATE AND FEDERAL AUTHORITY Read More »
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM COLLUSIVE SCHEME ALLEGED EDITORIAL COMMENT: WELL it looks like this is not over yet. The accusations are right on target — the more they drill down the more they find which is what we have been saying on Livinglies for 3 1/2 years. That’s what we keep doing in …
Bankruptcy Trustee Accuses banks of Manipulating "Margin Calls" on Mortgage Bonds 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 »
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 …
INVESTORS SUE FOR INFLATED HOME APPRAISALS, WHY DON'T YOU? Read More »
I THOUGHT THIS COMMENT WAS WORTHY OF MAKING INTO A POST. See for Deutsch bank references Prospectus offered all over the world: Anyone who had a Deed of Trust with: Indymac, Wells Fargo, Countrywide, GMAC, Ocwen, American Home, Residential Funding Company, Washington Mutual Bank, BofA, and many others you might want to check this link …
Follow the Trail —Don't get lost in the documents Read More »
SEE ALSO BOE PAPER ON ABS DISCLOSURE condocmar10 If the Bank of England wants this information, how can this court deem it irrelevant? NOTE: BOE defines investors as note-holders. information on the remaining life, balance and prepayments on a loan; data on the current valuation and loan-to-value ratios on underlying property and collateral; and interest …
If the Bank of England wants this information, how can this court deem it irrelevant? Read More »
“(T)he differences between the values ascribed to these properties and the prices at which the properties were sold in foreclosure are significantly greater than the declines in house prices in the same geographical areas over the same periods,” Editor’s Comment: BINGO! Use this complaint for both discovery and as a pleading guide. Send me a …
Bank Accuses Investment Houses of Lying About Mortgage Backed Bonds Read More »
In the complaint, the plaintiffs’ lawyers contend that Credit Suisse and Cushman & Wakefield conspired by setting up a Cayman Islands branch to circumvent federal law on real estate appraisals. Credit Suisse knew the resorts would most likely default under the weight of inflated values, which would allow the bank to take ownership as agent …
Credit Suisse Appraisal Fraud Cited by Investors Read More »
MBIA V CSFB-DLJ Here you have a lawsuit that corroborates everything we have been telling you on Livinglies PLUS an example of how to use the third party report of an expert in pleadings. The content of the lawsuit is a clear explanation of the securitization process — the catch is that these are not …
