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Scapegoating Begins: Wells Fargo Sues Its Own Officers and Directors

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

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 …

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OWNERSHIP IN QUESTION: Is it ethical to pay your mortgage?

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

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, …

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Occupy the News! Watch Neil Garfield on Insight Out News Tonight 9MST with Margot Paez

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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 …

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Feeling of Impermanence Permeates Society Made Transient by Foreclosures

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

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 …

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Whistle-Blower: Citi Defrauded Fannie and Freddie — How About Borrowers?

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

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 …

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THE NEXT MOVE: ACCOUNTING AND RECEIVERSHIP

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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 …

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The Price of Arrogance: Far-Reaching Order Sets Precedent that MERS Scheme is Unlawful

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

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 …

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Why The PSA is Never Included as an Exhibit to a "Colorable" Claim to Foreclose

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

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 …

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Nancy Drewe Probes Wells Fargo Associations

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

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 …

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Do you have a claim against New Century Mortgage?

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

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 …

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I'm 65 Now: I Had Hoped This Nightmare Would be Over after 5 years

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

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 …

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Bloomberg: Whistleblower at Citi Sets the Standard for Attacking Mortgages

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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 …

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Stopa: Servicer Cannot be Plaintiff in Foreclosure

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

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 …

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Blomberg Calls Strategists to Action on AZ SB 1451: Call Shooter

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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 …

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Panic Time for Banks: "Auction" Sales Were Faked — REO Title Invalid

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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S ANALYSIS: It has been the theme on these pages that the loan deals, if you look at the money trail, was strictly between the investors and the homeowners. The investors (pension funds etc.) were the lenders and the homeowners were …

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NY Times: CA Audit Reveals Most Foreclosures Fatally Flawed

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

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 CHALLENGE TO BAR ASSOCIATIONS: PROSECUTE FORECLOSURE MILL ATTORNEYS EDITOR’S COMMENT: Challenge to California Bar Association. There has been much ado about foreclosure rescue operations that are scams and there should be enforcement activity where lawyers and non-lawyers are promising things they …

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Fed Orders Ally, BOA, Citi, JPM, Wells Fargo to Pay $766.5 Million in Sanctions

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

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Unsound and Unsafe Processes and Practices in Residential Loans Editor’s note: Once again we have an administrative finding and an admission by the BIG 5 that their servicing and practices are both unsafe and unsound. These are fines, not restitution. The …

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States Using Settlement Funds for Borrowers as General Funds

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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 BLAME THE BORROWER, TAKE THEIR MONEY AGAIN Editor’s Comment: As though it was bad enough that the banks, who suffered no loss, got the bailouts, the federal reserve money, the insurance proceeds and the proceeds of credit default swaps and other …

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Getting the Judges to Listen and Learn

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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 by L Dean Pasadena TX – I believe that we all know the truth and it does not matter. We know the banks do not have the right to foreclose. I say we all share a little something about our States, …

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Timeline Stretching for Actual Written Multi-State Settlement

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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Comment: The bottom line is that the real negotiations are just beginning. While it is not likely, there is a distinct possibility that the settlement will fall apart because of (a) what the Banks want as wording in the settlements …

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AGENDA for Today's Member Conference at 6pm EST, 3pm PST

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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 AGENDA FOR MEMBER TELECONFERENCE Missouri Indictment: One County — what About the Rest? What are the final terms of the multi-state AG Settlement? Amnesty? Immunity? Why are we dealing with the banks when they didn’t fund the loans? When will the …

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Dollar Devaluing as Cost of Bad Bank Loans: Who Pays?

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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 “The central fact is that there is huge bill waiting to be paid for the losses created by Bank misbehavior. That bill is coming due every month in installments that amount to a devaluation of the dollar, raising prices for all …

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Throwing the Baby Out With the Bathwater: Competition Decreases as Mega banks Get Stronger

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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Community banks and credit unions brace for end of Fannie, Freddie By Danielle Douglas, Published: February 12 As the Obama administration forges ahead this spring with plans to wind down mortgage giants Fannie Mae and Freddie Mac, community banks and credit unions …

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Defenses Against Claims of Holder in Due Course

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

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688From this website: by John Gault http://www.pstcc.edu/departments/lat/classes/2300/notes/chap23.htm Real Defenses Real or universal defenses are valid against all holders, including HDCs. Universal defenses include the following: (1) Forgery, (2) Fraud in the execution, (3) Material alteration (complete defense against a holder, partial defense …

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