MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S NOTE: We keep climbing, bit by bit. We are now at 34. When we started we were off the charts, and I don’t mean that in a good way. The “over the top” characterization of our resources, articles and information …
Technorati Names Livinglies to Top 100 Real Estate Blogs Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 “The Fraud of Our Lifetime” Robert D. Drain, a federal bankruptcy judge in the Southern District of New York, said in court last month that the failure of the mortgage industry to deal with pervasive problems involving inaccurate documentation and improper …
Nye Lavalle's Early Warning in 2003 Profiled In New York Times Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 Editor’s comment: Smith’s statement about the passivity of investors is well taken. Up until recently, they were content to let the Banks and servicers fight it out and they assumed they would get their fair share of the money that was …
Pension and Union Funds Were Upside Down the Moment They Bought MBS Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 State of Foreclosure as a Tool for Frauds on Investors:submitted by DCB The Federal Reserve Board, and the Treasury Department’s FDIC and OCC divisions have in the aggregate made a factual and legal determination statutes and rules under those agencies’ jurisdiction …
State of Foreclosure as a Tool for Frauds on Investors: Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Setting a Foreclosure Case for Trial by Mark Stopa http://www.stayinmyhome.com/blog/2012/01/setting-a-foreclosure-case-for-trial/ Did you know the banks and their lawyers don’t want to have to go to trial in foreclosure cases? It’s not exactly breaking news, I realize. (Recall, for instance, this post, …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 “5810.10 Personal contract and tort liability of trustee. (A) Except as otherwise provided in the contract, for contracts entered into on or after March 22, 1984, a trustee is not personally liable on a contract properly entered into in the trustee’s …
Personal contract and tort liability of trustee. Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 FOR THOSE OF US WHO ARE HAVING OUR HOMES STOLEN BY ONEWEST/INDYMAC, LET’S NOT FORGET WHO THE OWNERS ARE! IndyMac Is Set to Be Sold to Private Investors December 27, 2008, By DEALBOOK IndyMac Bancorp, one of the largest banks to …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Release on Foreclosure Fraud Settlement Looks Broader Than Advertised By: David Dayen In his statement on the Administration’s new housing policies, CFPB Director Richard Cordray makes a fairly stunning response, considering it’s posted at the White House blog: The principles articulated …
Release on Foreclosure Fraud Settlement Looks Broader Than Advertised Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 “The banks created the MERS system as an end-run around the property recording system, to facilitate the rapid securitization and sale of mortgages. Once the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court …
Our Turn to Strike Back: Schneiderman Files Massive Lawsuit Against Pretenders Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S NOTE: While the administration, realtors and others are trying to paint lipstick on the pig, the reality is that the housing market is as weak as ever, falling further and further in a death spiral. The number of strategic defaults …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: Despite realtors and banks putting out disinformation about the housing market improving, the facts show otherwise. Housing prices, housing demand are falling under the sheer weight of supply and joblessness. What will 2012 bring? More of the same unless the courts …
CASE SHILLER INDEX: HOUSING PRICES LOWEST SINCE THE CRASH Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: We’ve been saying here for 4 years that ultimately the ONLY way out of the economic crisis is to use real data and skip the ideology, blame and politics. Nocera, pouring over data accumulated by intensive analysis, states that the data …
DATA IRREFUTABLE: PRINCIPAL CORRECTION (REDUCTION) IS THE ONLY WAY OUT Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: While the politicians argue campaign strategies over the debt ceiling, the main index for the economy continues to fall into previously unfathomable depths. It’s obvious that they will talk about anything BUT the housing crisis and the tens of millions of …
Housing Remains the Weakest Part of the American Economy Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “EMOTIONAL SCARS ON THE AMERICAN PSYCHE” “Housing is locked in a downward spiral” EDITORIAL COMMENT: Why would anyone buy when they are uncertain as to virtually all market conditions including the fact that they might be getting “title” from someone who doesn’t have …
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: Where were they three years ago? Well it is still a good thing that the lead editorial connects the dots. The housing market is continuing to decline and it will continue as long as we regard the foreclosures as having any color of legitimacy. …
NY Times Editorial: As Housing Goes, So Goes the Economy Read More »
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM FRAUDULENT FORECLOSURES WEIGH HEAVY ON ECONOMY EDITOR’S NOTE: The illusion of securitization has popped as analysts pore over balance sheets and income statements, coming up empty — no real assets worth the necessary amount to sustain the megabanks while at the same time the real assets are not perceived …
Only 44% Expect Homes to be worth more in FIVE YEARS. 30% Expect Homes to be worth less in FIVE YEARS Homeowners are more pessimistic about the short-term housing market, but now fewer than half the nation’s homeowners expect the value of their homes to go up in the next five years. The …
Rasmussen: Pessimism About Housing Prices and Earnings Read More »
Editor’s Note: Housing prices will continue to decline until median income starts to flatten out. All signs indicate that we are in for another 10%-20% drop as conventionally measured. Remember that housing prices do NOT take into consideration selling expenses and concessions at closing. All things considered, housing prices should be at least 8% under …
Three years ago, when this derivative housing mess caught my attention, the reason I started looking into it was that the basic facts didn’t make any sense. Housing prices had been going up at a rate of as much as 20% in one month. Coming from Wall Street with an M.B.A. and having studied, written …
Maybe the fact that it came from Goldman will motivate some people to take a second look at where we are on health care. Goldman likes the two biggest health insurance companies because it says profits are going up due to lack of competition and lack of regulation. Like the foreclosure mess, the fact that …
Goldman analysis: Thumbs Up for Health Insurance Companies Read More »
Editor’s Note: Nobody wants to hear it. The housing market is dragging the government and the economic future of this country down the drain. For decades the FDIC has followed a model of dismantling failed banks by letting healthy banks take over the assets. Despite the calls from Sheila Bair at FDIC, we are clearly …
Head in the Sand: 4 Big Mortgage Backers Swim in Ocean of Debt Read More »
Editor’s Note: This might not be as far-fetched as you think. Median income is dropping like a rock. Housing prices have historically been closely related to median income. I don’t know about the percentage drop, but another crash in real estate values seems likely. median income is still out of whack with housing prices indicating …
Case-Shiller Still Predicts Massive 45% Fall From Today’s Values Read More »
