MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Just How Relevant is the Multi-State Settlement? Editor’s Comment: There are jokes going around about how you can’t fix stupid. We should add that you can’t fix title either unless you throw out hundreds of years of law and market expectations. …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Comment: The only thing I would add to this article is the LAW. The law is that the responsibility for the viability of a mortgage is that of the lender, not the borrower, and that is simply because these transactions …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 See Full Indictment: Microsoft-Word-DOCXIndictment.docx_ “Defendant, acting knowingly in concert with its employees, with the purpose to defraud, used as genuine or transferred with the knowledge or belief that it would be used as genuine, a writing, namely Deed of Release number …
Missouri Indictment Gives Notice of Title Defects to All Buyers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 FIREDOGLAKE.COM by David Dayen, report-massachusetts-nevada-would-have-to-give-up-foreclosure-fraud-suits-to-join-deal We learned on Friday that Eric Schneiderman’s suit against MERS and three banks using MERS represented a carve-out on the final foreclosure fraud settlement. There was speculation, stoked by HUD Secretary Shaun Donovan, that other states …
Arizona, Nevada and Massachusetts Giving Away the Store? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 by Ken Dost The standard language in a Fannie Mae and Freddie Mac Uniform Security Instrument or more commonly known as the ‘Deed of Trust’ that millions upon millions of people signed contains the following: “MERS” is Mortgage Electronic Registration Systems, …
MERS Trademark Registration Raises Further Questions Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S ANALYSIS: The race is on. Homeowners are sitting on an asset — their signature — that has gone up in value 35X thus far from $1,000 to $35,000. The REAL STORY is that the Banks and servicers need to find …
Price of Signature of Homeowners Rises to Avoid "Title Crash" Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 136 Count Indictment EDITOR’S COMMENT: At least one Attorney General has seen the light, bringing in an indictment for forgery against DOCx, LPS, and individuals in management, citing the simple statement from an $11 per hour employee that the scope of …
INDICTED! LPS Robosigning is Forgery and False Declaration in Missouri Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EMERGENCY- FLORIDA (un)Fair Foreclosure Act On The Move! February 6th, 2012 | Author: Matthew D. Weidner, Esq. It looks like the Florida House of Representatives will move on Wednesday, February 8 to hear the Florida (un)Fair Foreclosure Act. The bill number …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S COMMENT: High priced homes are coming onto the auction block at an increasing pace. The homes were in many cases falsely valued and now are appraised at huge discounts (call that losses) from the purchase price or last refinance. As …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S COMMENT: As each day goes by we see increasing evidence that nothing about this mortgage mess was a surprise for those who were involved in it. I remember when I was on Wall Street. Everyone knows everything. And whatever the …
Fannie and Freddie Knew of Mortgage and Foreclosure Fraud 10 years Ago Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S COMMENT: The probabilities of a settlement are rising. The $25 Billion settlement actually settles very little but it probably will suffice for the vast majority of homeowners who were displaced wrongfully by foreclosure. This is not because they are getting …
Bank Settlement Close with New York and California Signing On Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 http://www.secinfo.com/$/SEC/SEC.asp?D=14D5a.u8545 FREDDIE MAC & FANNIE MAE (GSE) PORTAL (CLOUD) Approved Vendor List 7/19/2011 UNIFORM MORTGAGE DATA PROGRAM UNIFORM DATA COLLATERAL Definition of a UDC Document File ID ’1100000A2D’ File Identifer listed inside of CTS-Link Remitter & Collateral Files links Appraisal submissions …
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 …
