mortgage meltdown

Matt Weidner Snatches A Victory from Jaws of Defeat

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM JUDGE REVERSES HERSELF ON REHEARING SEE 4.18.2011 Order Vacating Judgement and Sale EDITOR’S NOTE: Persistence pays. Weidner managed to get the Judge’s attention. The devil is in the details and here the Judge realized that there were inconsistencies in the …

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GRETCHEN MORGENSON: BORROWERS ARE NOT TO BLAME

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM LOUISIANA BKR JUDGE STOPS FORECLOSURE ON BORROWERS CURRENT IN PAYMENTS EDITOR’S NOTE: The tide keeps turning in the direction of borrowers’ rights yet the scam continues. All three branches of government — executive, legislative and judicial are rapidly coming to …

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NY Times: Proposed Settlements on Foreclosure Worsen Situation

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM SCAM CONTINUES: EVERYONE KNOWS BUT NOTHING IS DONE EDITOR’S NOTE: The fear that the sky will fall prevents “responsible” journalists and government officials from using the f-word, so I will. This was a fraud from start to finish and anything …

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Alabama Court: Busted Securitization Prevents Foreclosure

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM FAILURE TO COMPLETE TRANSFERS BARS FORECLOSURE FOREVER NOTABLE QUOTE: “the judge found the securitization of the Horace loan wasn’t done properly, so the trustee — LaSalle National Bank Association, now part of Bank of America (BAC) — couldn’t foreclose. In …

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WRONGFUL FORECLOSURES COST 16 PRETENDERS: REIMBURSEMENT ORDERED

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: We are going to see a lot more of this, considering recent developments. Attorneys ought to sharpen their pens and get ready to do battle. This may be more profitable to attorneys than personal injury. Wrong foreclosures will …

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SENATE PANEL ISSUES SCATHING REPORT NAMING CULPRITS IN FINANCIAL CRISIS

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM SEE SENATE PANEL REPORT PSI_WallStreetCrisis_041311.pdf EDITORIAL COMMENT: We’ll have to see how much of this politics. But these facts and  conclusions provide considerable support to claims by borrowers concerning the the validity of the mortgages, notes, liabilities, foreclosures and sales. …

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JAMIE DIMON: WHEN DID HE KNOW THAT JPM WAS STICKING IT TO CUSTOMERS AND MAKING A PROFIT?

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM SEE jpm-makes-2-billion-while-investors-lose-500-million EDITOR’S NOTE: If the press can ask the questions leading right up to the top of the megabanks, why can’t the government? You have to remember that these people practically invented the term “due diligence” and before the securitization scam, it was very challenging to get a …

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JPM Makes $2 BILLION While Investors Lose $500 MILLION

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ “The investment bank through a myriad of bankruptcy-remote controlled vehicles steps in and says WE ARE THE AGENT FOR THE LENDER AND WE WANT TO FORECLOSE. And then in the suit with investors says WE ARE NOT YOUR AGENT …

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American Home Mortgage Servicing Inc WAS PAINE WEBBER SUBSIDIARY

SUBMITTED BY BRIAN TRACY Here’s a goodie for Florida (and probably the rest of the country.. I was looking around in the Florida corporate registry …and saw something really odd ( see http://www.sunbiz.org ) ,, My servicing entity from WF/Option One was originally “American Home Mortgage Servicing Inc” and it continues to be so … …

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MERS instructing members to not foreclose in name of MERS

SUBMITTED BY MARY COCHRANE MERS instructing members to not foreclose in name of MERS (Bulletin 2 Pages at Bottom). MERSCORP, Inc. Parent (VA) & subsidiary, Mortgage Electronic Registration Systems (DE) Welcome to MERS! MERS is an innovative process that simplifies the way mortgage ownership and servicing rights are originated, sold and tracked. Created by the …

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YOUR LOSS EQUALS BANK PROFIT EQUALS EXECUTIVE BONUSES

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM ARE WE READY TO BE COLONIZED AGAIN BY EUROPE OR CHINA? EDITOR’S COMMENT: There is little doubt amongst economists and financial experts that the repeal of Glass Steagel opened the door to a replay of 1929 and that of course is exactly what happened. Even the most unsophisticated person …

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BUYERS IN FLORIDA GETTING TITLE NIGHTMARE BARGAINS

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITORIAL NOTE: Everyone seems to want to see real estate moving. Buying and selling of real estate gives a warm and fuzzy feeling to those involved in the marketplace. Buyers are sweeping up bargains, much like we saw in the late 1970’s. But what are they buying? And who …

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WELLS/WACHOVIA: NO CONSCIENCE, NO MORALS, NO REGULATION —- FRAUD

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET LUMINAQ COMBO TITLE AND SECURITIZATION REPORT WELLS FARGO KNEW THE MORTGAGE BONDS WERE WORTH LESS, MARKED THEM DOWN THEN SOLD THEM FOR MORE SEE RELATED STORIES: 60 MINUTES: TITLE PROBLEMS ARISING FROM SECURITIZATION A \”TRAIN WRECK\” 60 MINUTES; SECOND CRISIS IN THE MAKING 60 MINUTES OVERTIME: WHO OWNS …

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FED POLICY FAVORS MEGA BANKS AND IS ANTICOMPETITIVE ADDING TO TRAIN WRECK

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET LUMINAQ COMBO TITLE AND SECURITIZATION SEARCH see 60 MINUTES: TITLE PROBLEMS ARISING FROM SECURITIZATION A \”TRAIN WRECK\” EDITOR’S COMMENT: With 7,000 community banks and credit unions, an electronic funds transfer infrastructure enabling even the smallest bank to provide wide access ATM, internet and other conveniences, you would think …

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60 MINUTES: SECURITIZATION PROPERTY TITLES ARE A "TRAIN WRECK"

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET LUMINAQ COMBO TITLE AND SECURITIZATION REPORT PAYMENT TO HOMEOWNERS TO BACK OFF LITIGATION PROPOSED 30,000 QUIET TITLE ACTIONS ALREADY FILED AND NUMBERS ARE CLIMBING SHARPLY SHEILA BAIR: A Flood of Litigation from Homeowners is Swamping the Court System. 60 MINUTES; SECOND CRISIS IN THE MAKING 60 MINUTES OVERTIME: …

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ADMINISTRATION FAILS TO ENFORCE FAILING MODIFICATION PROGRAM: WHOSE COUNTRY IS THIS ANYWAY?

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: The government maintains its complicity in the securitization scam. The mortgage bonds were fake instruments that created non-existent pools containing non-existent assets. The investment banks took the money, pocketed a large portion of it as fees and used the rest to fund mortgages that couldn’t work, but …

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MERS Tells Servicers to Stop Foreclosing in Their Name

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM MERS Tells Servicers to Stop Foreclosing in Their Name By: David Dayen Thursday February 17, 2011 7:04 am Since MERS is owned by the big banks, this has the effect of MERS telling itself to stop existing. But it’s quite significant. In a memo to its members (the member …

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Iowa Couple Owns Home After One Payment Due To Foreclosure Glitch

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM Posted on March 24, 2011 by Foreclosureblues Iowa Couple Owns Home After One Payment Due To Foreclosure Glitch Yesterday, March 23, 2011, 3:36:15 PM | DailyBail Facing foreclosure and fed up with the banks trying to take back your home? Well, a foreclosure loophole that helped an Ankeny, Ia., home construction worker …

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U.S. new home sales hit record low, housing prices plunge, outlook gloomy as foreclosure farce continues

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM ECONOMISTS SURPRISED — EXPECTED RISE EDITOR’S RANT: HOW STUPID DO YOU HAVE TO BE TO NOT KNOW THAT HOUSING IS IN THE TOILET AND GOING LOWER? They won’t fix foreclosures, they won’t fix title, they won’t help investors and they won’t help homeowners. They admit that housing drives the …

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Fed Rejects Bank of America’s Dividend Plan

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: In a rare display of doing its job the federal reserve has now expressed some doubts about the balance sheet of Bank of America. The plain truth is that the assets are questionable for one or all of several reasons — the assets are fictitious, the assets …

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Naming Names: Your Real Government

Posted on March 23, 2011 by Foreclosureblues Naming Names: Your Real Government Yesterday, March 22, 2011, 6:59:27 PM | noreply@blogger.com (Activist) When dark deeds unfold, point the finger in this direction. Dees Illustration Tony Cartalucci, Contributing Writer Activist Post This is your real government; they transcend elected administrations, they permeate every political party, and they …

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Fannie and Freddie Hiding Over $100 Billion of Losses?

Posted on March 23, 2011 by Foreclosureblues Fannie and Freddie Hiding Over $100 Billion of Losses? Today, March 23, 2011, 3 hours ago | Yves Smith Bank expert Chris Whalen has a little bombshell in his current newsletter. It’s so obvious that it should not only have occurred to me but pretty much everyone on …

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U.S. TREASURY IS THE CREDITOR AND CO-CONSPIRATOR

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GOVERNMENT IS PAID TO LOOK THE OTHER WAY EDITOR’S COMMENT: The U.S. Treasury is reported to own $4.6 TRILLION in mortgage bonds, which would make it the creditor in millions of homes that (a) have already been “foreclosed” (b) are in “foreclosure” or (c) going to be foreclosed. Yet …

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Even the FED is Making Money Off Bogus Mortgage Loans

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM TRADING ACTIVITY CASTS DOUBT ON IDENTITY OF CREDITOR IN MORTGAGES EDITOR’S NOTE: A “windfall for taxpayers” — REALLY? The hype doesn’t match the facts. While the Fed and large financial institutions trade paper instead of solving our problems they are giving credibility to the so-called mortgage bonds based upon …

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