Fannie

Tonight — Silent Roles of Fannie Mae and Freddie Mac — Hiding Behind the Obtuse

15 Comments / burden of persuasion, burden of pleading, BURDEN OF PROOF, evidence, expert witness, Fabrication of documents, Fannie MAe, foreclosure, foreclosure defenses, Mortgage, Pleading, standing, TILA, Title, trustee / By Neil Garfield

How to Withhold Vital Information from Homeowners Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Charles Marshall, Attorney and Bill Paatalo, licensed investigator discuss the moral hazard created by the Government Sponsored Entities (GSEs) banks, the courts and the regulators in allowing “presumptions” to be used …

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Fannie and Freddie Unloading Bogus "Mortgage" Bonds

10 Comments / foreclosure / By Neil Garfield

Standard Operating Procedure: Create more bogus paper on top of piles of old bogus paper and you contribute to the illusion that any of it is real. The “business model” still leaves out the basic fallacy: that most loans were never actually securitized into the trusts that are claiming them. Hence the at the base …

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New York Judge Orders Release of Hidden Documents

8 Comments / foreclosure / By Neil Garfield

This is just the beginning of what I have been predicting for 10 years. When the public finds out that the government itself is addicted to the false scheme of securitization — and that this has led to abandonment of policies and rules of law that have continued to depress the U.S. economy — the …

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Problems with Lehman and Aurora

6 Comments / foreclosure / By Neil Garfield

Lehman had nothing to do with the loan even at the beginning when the loan was funded, it acted as a conduit for investor funds that were being misappropriated, the loan was “sold” or “transferred” to a REMIC Trust, and the assets of Lehman were put into a bankruptcy estate as a matter of law. …

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MERS 2.0: CSP Another MERS for Securitization of Debt

11 Comments / foreclosure / By Neil Garfield

For More information please call 954-495-9867 or 520-405-1688 This article is not a substitute for a legal opinion on your case obtained from an attorney licensed in the jurisdiction in which your property or transaction is located. Get a lawyer. ===================================== see GMAC Exec Appointed CEO of CSS see Common Securitization Platform see Common Securitization …

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CA Appelate Decision: Damage Claims Against OneWest Goes to Jury, Summary Judgment reversed

49 Comments / foreclosure / By Neil Garfield

For further information please call 954-495-9867 or 520-405-1688 Sue Rose is my new administrative assistant. Danielle and Geordan do not work for livinglies or the Garfield firm. If you have placed an order which is unfulfilled please call the above numbers. =================================== see CA Appeals OrderReversesMSJ This case allows the jury to hear claims against …

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Modification Minefields as Foreclosures Resume Upward Volume

49 Comments / foreclosure / By Neil Garfield

For further information please call 954-495-9867 or 520-405-1688 Listen to Neil Garfield Show on Thursday February 26, 2015 at 6pm EDT., and each Thursday =============================== see http://www.njspotlight.com/stories/15/02/02/new-foreclosure-procedures-put-to-test-as-number-of-cases-climbs-in-nj/ New Jersey now has an upsurge of Foreclosure activity. It is on track to become first in the nation in the number of foreclosures. What is clear is …

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Insurers Pay Pretender Lenders and Then Pursue Homeowner for the "Loss"

30 Comments / foreclosure / By Neil Garfield

For further information please call 954-495-9867 or 520-405-1688 ======================== see http://features.necir.org/pmi Insurers pay “losses” on mortgages and then pursue borrowers for recovery of payment A big area of confusion in the foreclosure cases is the impact of insurance claims and payments with respect to insured mortgages and insured mortgage bonds. So let’s start with the …

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Fannie and Freddie Don't Own Your Loan

117 Comments / AMGAR, Corruption, escrow agent, expert witness, Fannie MAe, foreclosure defenses, GTC | Honor, Investor, MBS Trustee, Modification, Mortgage, Pleading, Servicer, Trust Beneficiaries / By Neil Garfield

The problem with the site whose link appears below is that it is not authoritative. But we can treat it as though it was authoritative. The principal point is that even where Fannie and Freddie have “purchased” a loan it was for the express purpose of resale into the secondary market the trusts. In most …

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Foreclosures on Nonexistent Mortgages

64 Comments / AMGAR, CDO, Corruption, discovery, escrow agent, evidence, expert witness, Fannie MAe, foreclosure, foreclosure defenses, foreclosure mill, GARFIELD KELLEY AND WHITE, GTC | Honor, investment banking, Investor, MBS Trustee, Modification, Mortgage, originator, Pleading, securities fraud, Servicer, Statutes, Trust Beneficiaries, trustee / By Neil Garfield

I have frequently commented that one of the first things I learned on Wall Street was the maxim that the more complicated the “product” the more the buyer is forced to rely on the seller for information. Michael Lewis, in his new book, focuses on high frequency trading — a term that is not understood …

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New Bank Strategy: There was no securitization — IRS AMNESTY FOR REMICs

86 Comments / CASES, Corruption, Eviction, evidence, expert witness, Fannie MAe, foreclosure, foreclosure mill, GARFIELD KELLEY AND WHITE, interest rates, investment banking, Investor, Modification, Mortgage, Motions, Pleading, securities fraud, Servicer, Trust Beneficiaries, trustee / By Neil Garfield

Reported figures on the financial statements of the “13 banks” that Simon Johnson talks about, make it clear that around 96% of all loans originated between 1999 and 2009 are subject to claims of securitization because that is what the investment banks told the investors who advanced money for the purchase of what turned out …

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Those VA Loans and Ginny Mae Loans Were ALso Securitized

69 Comments / Corruption, evidence, expert witness, Fannie MAe, foreclosure, foreclosure mill, foreign relations, GARFIELD KELLEY AND WHITE, GTC | Honor, investment banking, Investor, Modification, Mortgage, Motions, Pleading, securities fraud, Servicer, Student Loans, Trust Beneficiaries, trustee / By Neil Garfield

Probably the most misunderstood aspect of the securitization process is that the banks are able to claim there was no securitization when in fact there was. This is especially true in GSE’s like Fannie, Freddie, Ginny and the VA. When you are researching loans you hit a brick wall when you get to the GSE. …

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Fannie and Freddie Demand $6 Billion for Sale of "Faulty Mortgage Bonds"

58 Comments / Corruption, evidence, expert witness, Fannie MAe, foreclosure, GARFIELD GWALTNEY KELLEY AND WHITE, investment banking, Investor, Modification, Mortgage, Motions, Pleading, securities fraud, Servicer, trustee / By Neil Garfield

You read the news on one settlement after another, it sounds like the pound of flesh is being exacted from the culprits again and again. This time the FHFA, as owner of Fannie and Freddie, is going for a settlement with Bank of America for sale of “faulty mortgage bonds.” And most people sit back …

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CBO: principal reduction best for economy

61 Comments / CDO, Corruption, Eviction, evidence, Fannie MAe, foreclosure, GARFIELD GWALTNEY KELLEY AND WHITE, Investor, Modification, Mortgage, Servicer / By Neil Garfield

Three cheers for Chris Hayes on MSNBC. In his new show, ALL IN, last night he reported and editorialized on the mistakes of giving banks relief and “screwing” homeowners since 2008. On his show he had Elliot Spitzer who took the administration to task for not doing something before this time. And to top it …

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Prosecutors Getting Tough? Small Banks ONLY!!

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

CHECK OUT OUR EXTENDED DECEMBER SPECIAL! What’s the Next Step? Consult with Neil Garfield For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, Tennessee, Georgia, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than …

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Deutsch and Goldman Lose Bid to Dismiss FHFA Lawsuit for Fraud

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

What’s the Next Step? Consult with Neil Garfield For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think). CHECK OUT OUR NOVEMBER SPECIAL Administrative …

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Federal Reserve Money Laundering For Dirty Banks

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

Since the Fed can create unlimited money, why not pay off every mortgage in the land? That’s only $9.7 trillion, and if the Fed wanted to unleash an orgy of spending, that would certainly do it. Trillions in losses would be filled with “free money,” since the Fed would pay the full value of all …

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BULK SALES OF MORTGAGE LOANS: WHAT ARE THEY BUYING?

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

Wall Street is gearing up to buy properties en masse from Fannie, Freddie and other holders (including the Federal Reserve. The question for these investors is what are they buying and what are they doing? I think these sales represent an attempt to create a filler for an empty hole in the title chain. we …

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Why DeMarco Won't Allow Principal Corrections Despite Instructions

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

Housing Regulator Defies White House Obama’s Next Move Unknown Editor’s Comment and Analysis: It’s unanimous! Except for DeMarco, the housing regulator who won’t let Fannie and Freddie cooperate with principal reductions. Why not? “The Federal Housing Finance Agency’s own analysis has shown that principal reduction could help up to 500,000 homeowners and save taxpayers as …

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The Documents Fannie and Freddie Never Received

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

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – …

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