We hold these truths to be self evident: that Chase never acquired any loans from Washington Mutual and that Bank of America never acquired any loans from Countrywide. A review of the merger documents approved by the FDIC reveals that neither Chase nor Bank of America wanted to assume any liabilities in connection with the …
At the end of the day everyone knows everything. If you start with the premise that the securitization of debt was a farce and that the necessary element of the false securitization of mortgage loans was the foreclosure of those loans, then you move one step closer to understanding the mortgage and foreclosure mess and …
New York Getting Ready to Prosecute Banks for Violations of Settlement Read More »
NOTE IF ANYTHING, THIS DEPOSITION PROVES THE NEED FOR AN EXPERT FORENSIC COMPUTER ANALYST TO ASSIST IN DISCOVERY AND PERHAPS EVEN PLEADING. THAT IS WHY MY LAW FIRMS AND OTHERS ARE CREATING ALLIANCES WITH LAWYERS WHO HAVE EXPERIENCE IN BOTH THE PRACTICE OF LAW, LITIGATION AND DETAILED KNOWLEDGE ABOUT WHAT TO LOOK FOR, HOW TO …
Nardi Deposition Reveals All about JPM-WAMU Slick Transactions Read More »
CHECK OUT OUR 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, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think). Chase …
Chase Reliance on Bogus Affidavit and "operation of law" Read More »
What’s the Next Step? Consult with Neil Garfield CHECK OUT OUR NOVEMBER SPECIAL 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). Editor’s …
Has Obama Awakened? Appraisal Fraud Alleged by this Blog is found to be Centerpiece of this Action Editor’s Note: The FDIC claims it studied a rough sampling of the securitized loans and alleges more than 60% of the loans packed into each deal contain material untrue or misleading statements. In a resounding acceptance of the …
FDIC ($677.4 Billion) Charges Banks With Fraud, Illegal Underwriting Practices Read More »
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Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: The math is simple which is why we are now offering as part of a forensic loan specific analysis, a HAMP analysis …
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: The pernicious effect of the banks and the difficulty of regulating them across transnational and state borders has led to a growing nightmare that history will repeat itself sooner than later. This is to rocket science — it …
TBTF Banks Bigger than Ever — How is that possible in a recession? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 “I wonder how many audience members know that Bair’s plan is more or less exactly the revenue model for all of America’s biggest banks. You go to the Fed, get a buttload of free money, lend it out at interest …
Current Bank Plan Is Same as $10 million Interest Free Loan for Every American Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: For thousands of years since the dawn of money credit has been an integral part of the equation. Anytime a person, company or institution takes your money or valuables in exchange for a promise that it will return …
How Wall Street Perverted the 4 Cs of Mortgage Underwriting Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “MEGABANKS IN STATE OF UNDISCLOSED FAILURE“ Fortune has examined dozens of court records that corroborate the employee’s testimony. And if Countrywide’s mortgage securitizations systematically failed as it appears they did, Bank of America’s potential liability dwarfs its shareholder equity, as the Congressional Oversight …
Another Failed Bank: 45th this Year — MegaBank Failure on the Way Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE SEE FULL ARTICLE ON SUBPRIMESHAKEOUT.COM LINK BETWEEN APPRAISAL FRAUD AND HIDDEN 2D TIER YIELD SPREAD PREMIUM EDITOR’S NOTE: Now the FDIC gets it too. THE WORSE THE LOAN THE MORE MONEY THEY MADE. In the convoluted logic of the mortgage mess the investment …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: Ms. Bair has been a champion of small banks and an effective and reasonable critic of the large banks. She accurately predicted the problems we face today and was vaulted to national prominence when her dire predictions came true. Now she is writing the rules to “resolve” …
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM SEE THE WHOLE COMPLAINT: FDICWAMU EDITOR’S NOTE: If the FDIC is right then many WAMU loans were not sold into the secondary market, at first. Chase probably did that when they acquired the portfolio. So the securitization profile is a little different and perhaps a lot different than the …
SUBMITTED BY BRIAN Three cases that show we are on the right track. Indymac is a bad group that is going down further. http://www.scribd.com/doc/37596878/Paul-Nygen-Judgement-Against-Lenders-09-15-10 http://www.scribd.com/doc/37617034/FDIC-Indymac-V-Van-Dellen-Complaint-Officers-of-Indymac-sued-by-FDIC-Onewest-Bank-states-106-of-the-108-loans-are-non-performing-Must-be-to-the http://www.scribd.com/doc/37618538/Indymac-Certificate-ShareHolder-Class-Action-9th-Circuit-Interlocutory-Order-certifying-the-6th-Amended-Complaint
Editor’s Comment: Only one Bank has failed in Louisiana since the financial crisis began. And only one bank in the United States has commenced operations in the year 2010 — this one in Louisiana. Despite an unofficial moratorium on new bank charters of 70-year-old retiree, Hartie Spence, managed to navigate the regulations and got the …
Lakeside Bank, St. Charles, La — The Way Banking Should Be Read More »
Well you have to give credit to Sheila Baer> She gets it. Here she is going after the IndyMac executives for making loans to developers that they knew would not be repaid. It is the first time that an important agency has recognized the link between the malfeasance of the originating lenders, the securitization intermediaries …
The article below was purloined from www.foreclosureblues.wordpress.com — the comments are mine. Neil Garfield “According to the Federal Deposit Insurance Corporation (FDIC), Deutsche Bank now holds loans for American single-family and multi-family houses worth about $3.7 billion (€3.1 billion). The bank, however, claims that much of this debt consists of loans to wealthy private customers. (EDITOR’S …
Failed Bank Information Information for IndyMac Bank, F.S.B., and IndyMac Federal Bank, F.S.B., Pasadena, Introduction Press Release Acquiring Financial Institution Question and Answer Sheet En Español Chinese Language Version (350 kb PDF File PDF Help) Banking Services Loan Customers Unclaimed Deposits Possible Claims Against The Failed Institution FAQ re IndyMac “No Value” Determination Priority of …
HERS: FDIC- IndyMac -Onewest – IMB Holding Co Documents and Details Read More »
Here is an interesting article from Tadly 2010/03/26 at 5:47pm Here is an interesting article Harder Part American Banker | Wednesday, February 24, 2010 By Jeff Horwitz * IndyMac Buyers Pick Up Another Failed Bank – February 22, 2010 * FDIC Rebukes Internet Video – February 16, 2010 In less than a year, the private-equity …
Submitted by BMcDonald Most of us are trying to get the info from the banks, which they will not do unless forced. Well, now many of us can walk right in through the back door. FOIA requests! I fought for 7 months to get the bank to cough up the info and it only took …
Freedom of Information Act Requests Show OneWest Bank Misrepresentation Read More »
the obligation created when the debtor entered the transaction may well be satisfied in whole or in part by the U.S. Taxpayer, insurers, or counterparties in credit default swaps. Wall Street attempts to frame the argument as giving a free house to the unworthy homeowner. The TRUE argument is what to do with all the …
