MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Cautiously optimistic in CA The L.A. Times reports that CA AG Harris has tapped UC Irvine Professor Katie Porter to monitor the mortgage settlement in CA. Normally this would be cause for joy as it is hard to …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Where is the outrage? From 1936 through 1946 a war was waged against the citizens of Athens and Etowah, Tennessee. Led by Paul Cantrell who was elected Sheriff during rigged elections, the citizens of McMinn County were subjected to unparalleled …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: By William C. Veal, Esq. vealbuzz@aol.com As we see the progress, or lack thereof, of the investigation into the massive scan called Foreclosure in our country, we read many articles by various people regarding the current status of …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Matt Stoller nails it in his article below. In order to arrive at Buffet’s conclusion, you must start with the premise that the banks did nothing wrong. 50 AGs filing actions against the banks and Buffet arrives at …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S COMMENT: Darrell Blomberg is a pro se litigant who hasn’t made a monthly payment in over 4 years. He’s not in foreclosure, but it has not come easily. As he says, he has, “studied his eyeballs out”. Additionally he works …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: PICO National Network diverts $34 million in deposits away from pretender lenders. Whether you are a person of faith or not, we are taught that lying is not a good thing. Conceding something that isn’t true is …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 When is Foreclosure Theft? When the Mortgage is Recorded at MERS Author: L. Randall Wray As I’ve said many times, whenever you criticize the banks you get pushback from their employees and lawyers handling their home thefts (whoops I meant “foreclosures”). …
The Murder of our Economy and Society by the Banks Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Negative Equity Rising and Still Understated Editor’s Comment: In our pretend world which is being narrated by the Banks, the housing crisis is easing, people are starting to buy foreclosed homes for investment and domicile, and the defects in documentation …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Faulty Foreclosures Present Systematic Breakdown and Big Risks for Buyers Editor’s Comment: The reality of the system of wrongful foreclosures is being revealed piece by piece as officials examine the filings from pretender lenders. It is plainly obvious that even …
Faulty Foreclosures Present Systematic Breakdown and Big Risks for Buyers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 If Insurers Are Rejecting Defective Loans Why Don’t The Courts? Editor’s Comment: Insurers of all stripes are rejecting claims for failed mortgages at a rate that is becoming troublesome to the Megabanks. Moynihan at BOA thinks that (a) the insurers …
If Insurers Are Rejecting Defective Loans Why Don't the Courts? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: I call it fraud. They prefer to call it “dual-tracking”. The fact is, that homeowners ignorant of the real intent of the banks and servicers went through the charade of seeking modifications and settlements. Yet they were set …
Dual Tracking: Luring Homeowners into Foreclosure Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: It should come as no surprise that the would-be foreclosers are not creditors, not authorised servicers and are not acting officially in any capacity. They just want another house acquired through a “credit bid” that enables them to …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 In reality there are nothing but nominees for undisclosed principals on both the note and mortgage. The money for funding the mortgage came from investors who pooled their money together. At the moment the borrower accepted the benefit of the …
Shell Game: Nominees and Principals All Change Depending upon Circumstances Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 (Do NOT use this number to access teleconference) Darrell Blomberg will guest host tonight’s program for Members Only. If you are a subscribing member, you have received the information necessary to participate. I will be on for a while as …
Members' Teleconference at 4pm Arizona time, 6PM EST Agenda Read More »
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 …
