MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Yves Smith is right to point out that when the borrower’s note is not produced and not returned after the “sale” of the property, something is rotten in Denmark. Just so we are all clear, we are talking …
Why the Original Note (and Ownership) Continues to Be Critically Important Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 EDITOR’S COMMENT: Somebody once said that after Americans have exhausted all other options they will finally do the right thing. I hope that is true. Because until we start treating homeowners as victims instead of deadbeats, the situation cannot change. …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Living lies is a way of life in American politics. You take the truth, turn it on it’s head, and put out myth loud and often and it is often eventually taken as true — even those who …
Dividing Into "Them and Us" Keeps Housing Market Falling and Bankers Fat Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 EDITOR’S COMMENT: Let’s start by saying Field is right, as far as it goes. The OCC review process is under the thumb of the Banks, and the cities and states are being extorted into “settlement” agreements that provide no help …
OCC REVIEW: Sham, Shame or Opportunity for Social Justice? 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 CUSTOMER SERVICE 520-405-1688 Free Houses Go To Banks Not Borrowers “Kamala D. Harris, the attorney general of California, is adamant that homeowners are not looking to abuse the system. “I have met with these families,” she said, “and every single one of them …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 by Isaac Gradman, www.subprimeshakeout.com Having received copious kudos for engineering an $8.5 billion investor settlement with Bank of America over soured Countrywide residential mortgage backed securities (RMBS), “pitbull” lawyer Kathy Patrick, of the Houston-based firm, Gibbs & Bruns, has now …
Investors Getting Wise to Conflict of Interest With Banks and Servicers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Either Deal with the Creditor or Don’t Bother Dealing Editor’s Note: Each time there is a new development in the attempts to get foreclosures settled, modified or mediated the homeowner hits a stone wall. It’s a game. The Banks took …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT OBJECTIONS TIMELY MADE TURN THE TIDE CUSTOMER SERVICE 520-405-1688 Editorial Comment: Hat tip to Weidner: The bottom line is that the pretender lender was prevented from introducing evidence of “default” and was further prevented from introducing evidence establishing the pretender’s right to foreclose. …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Analysis: It all started with flooding the market with money in deals that even Alan Greenspan couldn’t understand with an army of over 100 PHD’s. Median income was going down, median expenses were going up, and people were having …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Here are some issues presented by this lawsuit in which shareholders sue on behalf of the corporation (Wells Fargo) in which they hold common stock: Can any reasonable person conclude ignorance of those in the highest management of …
Scapegoating Begins: Wells Fargo Sues Its Own Officers and Directors Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 On the ethics of mortgage loan default BY GREGORY M. LEMELSON, AMVONA.COM Is it ethical for the American homeowner whose mortgage has been securitized to default, even If they are not financially distressed? First, consider it is unlikely that marketable, …
OWNERSHIP IN QUESTION: Is it ethical to pay your mortgage? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Customer Service Line for LivingLies: 520-405-1688 GUESTS INCLUDE NEIL F GARFIELD, CARLOS MARROQUIN, AND HOMEOWNERS Go TO Going Where No Mainstream Reporter Has Gone Before — To Find the Truth OR MARGOT PAEZ SHOW or www.insightoutnews.org 8pm Pacific Time 9pm Mountain time 10pm Central …
Occupy the News! Watch Neil Garfield on Insight Out News Tonight 9MST with Margot Paez Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EVEN TINSELTOWN IS A GHOST TOWN Editor’s Note: Little doubt can remain that securitization will go down in history books as the greatest crime with the most far reaching effects in the whole course of human history. Here, Ve Vries, gives …
Feeling of Impermanence Permeates Society Made Transient by Foreclosures Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S COMMENT: Once again, we have acknowledgment that one of the major bank was behind the de-underwriting of loans, certifying that they had conducted all due diligence and analysis, reviewed the data, obtained there own, when in fact none of that …
Whistle-Blower: Citi Defrauded Fannie and Freddie — How About Borrowers? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 TWO SETS OF CLOSING DOCUMENTS REQUIRES A TOTAL ACCOUNTING FROM INVESTOR DOWN TO BORROWER The next step is preventing the pretenders from limiting the inquiry to the servicer report which only reflects a small part of the securitization chain. Let’s see …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 — My apologies. A draft of this article was accidentally published yesterday. Judge Grossman’s decision dates back one year. It is not a recent decision but it has huge significance right now in my opinion. The draft left the impression that …
The Price of Arrogance: Far-Reaching Order Sets Precedent that MERS Scheme is Unlawful Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Note: I would add that if the PSA was required to be placed in evidence and to be attached as an exhibit to the would-be forecloser’s pleadings, it would put facts in issue that the forecloser would never be able …
Why The PSA is Never Included as an Exhibit to a "Colorable" Claim to Foreclose Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Lets start with Wells Fargo HSBC Trade Bank NA the first United States Trade Bank APPROVED BY THE OFFICE OF THE COMPTROLLER OF THE CURRENCY 1995, ALLOWED ‘TREASURY’ TO BE ON DESKTOP OF EQUITY PARTNERS AND HEDGE FUND MANAGERS. Strategic partnership …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Do you have a claim against New Century Mortgage? February 20, 2012 2:53 pmSimonee New Century Mortgage is currently in the process of wrapping up its bankruptcy proceedings, having successfully skirted dealing with the feared “floodgates” of borrowers claiming to be …
Do you have a claim against New Century Mortgage? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S COMMENT: I honestly thought I might be done by now. When I started this blog at age 60 I thought that the truth would prevail and the banks would be slammed down, restoring our court-fooled title system before the title …
I'm 65 Now: I Had Hoped This Nightmare Would be Over after 5 years Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s comment: The article below summarizes the bad loan analysis: “finding flaws in new loans that included altered tax forms, straw buyers and borrowers who listed fictitious employers.” What’s missing? — flaws in loans that included altered or fraudulent appraisals, altered …
Bloomberg: Whistleblower at Citi Sets the Standard for Attacking Mortgages Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Comment: Stopa is right on here. If the servicer is allowed to foreclose, and the auction is conducted, the property sold, what happens to the rest of the obligation that the servicer was not entitled to receive? How do the …
Stopa: Servicer Cannot be Plaintiff in Foreclosure Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 STRATEGISTS PLEASE DO THIS TONIGHT… THERE’S NO TIME TO WAIT… CALL TO ACTION – SB1451 BACKGROUND: AZ SB 1451, the Mortgage Finance Reform Act, would allow AZ homeowners to refinance at or near current market value. It will lower monthly payments …
Blomberg Calls Strategists to Action on AZ SB 1451: Call Shooter Read More »
