by the LendingLies team The Federal Reserve announced Wednesday it plans to slowly sell off the pile of Treasury and mortgage-backed securities trash it accumulated during three asset purchase sessions (aka QE 1, 2 and 3), marking an end to a key strategy in response to the financial crisis. The sale of defective Mortgage-backed securities …
The Fed to sell $20 Billion in Defective Mortgage-Backed Securities Read More »
Everyone is reporting balance sheets with assets that derive their value on one single false premise: that the trusts that issued the original mortgage bonds owned the loans. They didn’t. SUPPORT LIVINGLIES! Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. ======================== This article is not a substitute for an opinion and …
Why The Investors Are Not Screaming "Securities Fraud!" Read More »
The Banks called it “The Hustle”. So why is anyone thinking it was anything other than a hustle? Judges need to reconsider their positions. They need to make the choice between their false perception of a “free house” and a “get of jail free card.” The plain facts are that those so-called REMIC Trusts do …
What the Media is Missing About the "Securitization" of "Mortgage" Loans Read More »
QUOTE FROM SEMINAR: “The bottom Line: Until 3 years have elapsed, a mortgage is only as secure as the lender’s proof of compliance with TILA.” ========================== For more information please call 954-495-9867 or 520-405-1688 =========================== see tila-right-of-recission-041415 From one of my readers, I received the Power Point Presentation given by a law firm representing the …
Bank Lawyer's Seminar: Rescission Changes Everything Read More »
Writing with the flu. Despite symptoms and medication that makes me dizzy, I feel compelled to write about something that is getting traction out there. The more you look at the false claims of securitization the more it stinks. We are dealing with a system that is based on really big lies. I’m sure our …
CHECK OUT OUR EXTENDED 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, Tennessee, Georgia, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than …
The IASB and FASB have been working on accounting rules for the “losses” at the banks. Someone is either in for a surprise or somehow the banks will escape the rules. One thing is certain, that the accounting firms that provide the auditing services and certification of the statements of the mega banks are in …
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Like I said, the loans never made into the "pools" Read More »
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Tax Preparer Slammed with $24 Million in Fines on Toxic Mortgages Editor’s Comment: You really have to think about some of these stories and what they mean. 1. Where is the synergy in a merger between Option One and H&R …
How Did H & R Block Get into the Subprime Mortgage Business? Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Delaware sues MERS, claims mortgage deception Posted on Stop Foreclosure Fraud Posted on27 October 2011. Some saw this coming in the last few weeks. Now all HELL is about to Break Loose. This is one of the States I mentioned MERS has to …
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: California has approximately a 1/3 share of all foreclosures. So Harris’ decision to drop out of the talks is a huge blow to the mega banks who were banking (pardon the pun) on using it to get immunity from prosecution. The …
CAL. AG DROPS OUT OF TALKS WITH BANKS: AMNESTY OFF THE TABLE Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE from STOP FORECLOSURE FRAUD Fannie-Freddie’s Hypocritical Suit Against Banks Making Loans that GSEs Helped Create EDITOR’S NOTE: Practically everything that the government is doing with respect to the economy and the housing market in particular is hypocritical. If we look to the result …
MERS: A FAILED ATTEMPT AT BYPASSING STATE AND FEDERAL AUTHORITY Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: THE ONLY THING MISSING IS THE LARGEST QUESTION OF ALL: WERE THE MORTGAGE LIENS EVER PERFECTED? DO THEY EXIST? I also contest the issue of whether the banks were ever intending to do things right. I know from interviews I conducted …
After The Storm – Foreclosure Fraud & Robo-Signing Continues by Nye Lavalle Read More »
CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM Categorized | STOP FORECLOSURE FRAUD Internal emails indicate Deutsche Bank knew they were bankrolling toxic mortgages by Ameriquest and others iWatch In 2007, the report says, Deutsche Bank rushed to sell off mortgage-backed investments amid worries that the market for …
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITORIAL NOTE: IT DOESN’T HAVE TO BE THIS WAY These budgetary cracks throughout our system were caused primarily by one thing — the Wall Street securitization scheme that was fake from the start. The result was the illusion of growing towns — with growth that could …
Budgetary Cracks Crawling Across the Continent and Abroad Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: If you want to get the FEEL of what just happened in our world of finance and the ensuing effects on our economy, you might be better off reading a book like “Moneymakers: The Wicked Lives and Surprising Adventures of Three Notorious Counterfeiters” …
MORTGAGE BACKED SECURITIES: LEGAL COUNTERFEITING Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary We all know the expression about the light at the end of the tunnel being an oncoming train. Title agents and title carriers are in the middle of a tunnel intersecting with other tunnels each with a light of an oncoming train. In a word, …
TITLE COMPANIES AND AGENTS BRACE FOR WORST YEAR OF THEIR EXISTENCE Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary GET RID OF THE MIDDLEMEN NOTE TO INVESTORS AND BORROWERS: IF YOU ARE SERIOUS ABOUT RESOLVING THE MORTGAGE CRISIS AND YOU WANT TO DO SOMETHING ABOUT IT WRITE TO ME AT neilfranklingarfield@gmail.com. EDITOR’S NOTE: For those of you who have followed the blog from the …
INVESTORS AND BORROWERS COULD SHARE COMMON INTERESTS AND SOLVE THE PROBLEM Read More »
SUBMITTED BY M SOLIMAN EDITOR’S NOTE: Soliman brings out some interesting and important issues in his dialogue with Raja. The gist of what he is saying about sales accounting runs to the core of how you disprove the allegations of your opposition. In a nutshell and somewhat oversimplified: If they were the lender then their …
MERS, POOLING AND SERVICING AGREEMENT, ACCOUNTING….GREAT , NOW WHAT? Read More »
Submitted by Beth Findsen, Esq. in Scottsdale, Az Investors-suing-Chase-includes-list-of-mortgage-backed-securities-various-originators-like-New-Century-WAMU-Wells-Fargo-ResMae-Greenpoint-Coun One of the many things I find interesting in this lawsuit is that FINALLY the pretender lenders are at least being referred to as originators and not banks, lenders or any of the other things that had most people believing. Here too investors sue the rating …
GET LOAN SPECIFIC RECORDS PROPERTY SEARCH AND SECURITIZATION SUMMARY FTC v Countrywide Home Loans Incand BAC Home Loans ServicingConsent Judgment Order 20100607 Editor’s Comment: This “tip of the iceberg” is important for a number of reasons. You should be alerted to the fact that this was an industry-wide practice. The fees tacked on illegally during …
Bank of America to Pay $108 Million in Countrywide Case Read More »
Editor’s Note: Now the truth as reported here two years ago. There were no losses. They were making money hand over fist. And this article focuses only on a single topic — some of the credit default swaps — those that Goldman had bought in its own name, leaving out all the other swaps bought …
Goldman Sachs Messages Show It Thrived as Economy Fell Read More »
see Magnetar%20Mortage%20Recovery%20Backstop%20Whitepaper%20Jun09.pdf Magnetar Mortage Recovery Backstop Whitepaper Jun09 Two things jump out at me with this paper from June, 2009. First it is obvious that the “real money” investors are defined as those seeking low risk and willing to take lower yield. The fact that they are called “Real Money Investors” underscores my point about …
Magnetar Echoes Livinglies call for Alignment of Investors, Servicers and Borrowers Read More »
