866-216-4126

mortgage meltdown

25% OF U.S. CHILDREN UNDER POVERTY LEVEL — HIGHEST SINCE GREAT DEPRESSION

13 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM HOMELESS CHILDREN OF THE ECONOMIC HOLOCAUST EDITORIAL COMMENT: Like I said, we better be damned sure this is unavoidable. From my perspective and the perspective of economists with far greater credentials than my own, it is not only avoidable, it is both immoral and impractical with long-lasting effects on …

25% OF U.S. CHILDREN UNDER POVERTY LEVEL — HIGHEST SINCE GREAT DEPRESSION Read More »

WHY ELIZABETH WARREN SCARES THE CRAP OUT OF BANKS

18 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “If there had been a cop on the beat to hold mortgage servicers accountable a half dozen years ago,” she said at one point, “the problems in mortgage servicing would have been found early and fixed while they were still small, long before they became a national scandal.” EDITORIAL …

WHY ELIZABETH WARREN SCARES THE CRAP OUT OF BANKS Read More »

Krugman: Washington has lost interest in the unemployed

12 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: Krugman is right. Policy has been hijacked by ideology. It is as though we were eating our young. What do we expect them to do when they grow old enough to become part of the workforce? Poorly educated, broke, in debt from the day they were born, …

Krugman: Washington has lost interest in the unemployed Read More »

Lessons from Japan and Mortgage Meltdown

8 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: FLOYD NORRIS OF THE NY TIMES HAS WRITTEN WHAT I WAS THINKING. The question is whether we will learn from the incidents and be very aggressive in dismantling a system that poses this kind of risk. We have always heard anti-regulators say the same thing: crying wolf …

Lessons from Japan and Mortgage Meltdown Read More »

QUIET TITLE EXPLAINED

35 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

NOTABLE QUOTE: CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES Section 2.01. Conveyance of Mortgage Loans. As promptly as practicable after any transfer of a Mortgage Loan under this Agreement, and in any event within thirty days after the transfer, the Trustee shall (i) affix the Trustee’s name to each assignment of Mortgage, as its assignee, …

QUIET TITLE EXPLAINED Read More »

INVESTORS AND BORROWERS COULD SHARE COMMON INTERESTS AND SOLVE THE PROBLEM

64 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

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 »

Credit Card Companies geting tougher? FIGHT BACK with securitization defenses!

19 Comments / bubble, CDO, Corruption, currency, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

See the thing about the arrogance of these non-bank and bank financial institutions is they are rushing to get under the wire before the truth is revealed: they are not the creditor and they never were. Send your debt validation letters and don’t let them sue without filing a motion to dismiss the same as …

Credit Card Companies geting tougher? FIGHT BACK with securitization defenses! Read More »

Why We Do What We Do

23 Comments / Corruption, Fannie MAe, foreclosure, Modification, Mortgage, Servicer / By

 “Without your blog I would not have found the right lawyer in my state.”                                                                                                                              – Meghan in RI “Some of the most rewarding work of my career.”                                                                                                                   – Chris Brown Esq. While we understand the many reasons borrowers pursue their cause on a ProSe or ProPer basis,  it has been our position since the …

Why We Do What We Do Read More »

Principal Reduction or Principal Elimination

7 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

“Many economists and mortgage experts have concluded that banks must ultimately forgive loan balances to restore equity to underwater borrowers. Otherwise, growing numbers will walk away from their homes and accept foreclosure rather than make payments on properties in which they no longer own a stake.” Editor’s Comments and Notes: The Obama Administration has finally …

Principal Reduction or Principal Elimination Read More »

Obama Gets a Set — Accepts Volcker's View

17 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Editor’s Comment: Finally! The president has now played out the Geithner-Summers scenario and seen the results — a large middle finger raised in the air from an arrogant bunch of people who are tone deaf to the needs of the nation and the world. This decision brings us into line with the rest of the …

Obama Gets a Set — Accepts Volcker's View Read More »

Federal Reserve: The Holder in Due Course?

12 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Remember that $700 billion in TARP? It was dwarfed by other government programs including one from the Federal Reserve. The Federal Reserve went from a non-existent player in the mortgage backed security market a year ago to owning $904 billion of the mortgage backed securities today. But we don’t seem to be getting or seeing …

Federal Reserve: The Holder in Due Course? Read More »

Bostonian of the Year: Elizabeth Warren, Watchdog

29 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Editor’s Note: Thanks to Allan again. If there is one person in a relatively high position who has understood the subprime crisis, acquired the information on securitization, named the villains and described their practices separating honest people from their money it is Elizabeth Warren, whose was barely heard over the din of back-slapping during the …

Bostonian of the Year: Elizabeth Warren, Watchdog Read More »

NY Rocks: Diana Yano-Horoski speaks out and gives thanks in Indymac Case

21 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Readers of Livinglies: Firstly, might I say we were as shocked as anyone to learn of Judge Spinner’s ruling, so eloquently documented in his Jeffersonian-writing style. We appreciate the notes and calls of support, but we are ordinary people whose only wish is to return to a normal life. As the court records indicate, we …

NY Rocks: Diana Yano-Horoski speaks out and gives thanks in Indymac Case Read More »

"Recommendation regarding verification of “ownership” of the mortgage" — Bostrom, General Counsel to FreddieMac

11 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

This is what Mr. Robert E. Bostrom, Executive Vice President, General Counsel & Corporate Secretary of Freddie Mac had to say to the Supreme Court Task Force on Foreclosures. “Recommendation regarding verification of “ownership” of the mortgage” “The Task Force has recommended a requirement for a plaintiff in a foreclosure action to verify that it owns …

"Recommendation regarding verification of “ownership” of the mortgage" — Bostrom, General Counsel to FreddieMac Read More »

"How do you know you're right?"

5 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

now available on kindle/amazon! Bank and Regulators neglect-and-inaction-7-10-09-final IndyMAc Bank FSB. v Yano-Horosky Nevada Law Practical RP Issues VIDEO: Preparing for Hyper Inflation People (including lawyers cross-examining me as an expert witness) ask “How do you know that?” Or sometimes they will ask “How do you know you’re right?” My answer is that it’s not …

"How do you know you're right?" Read More »

Swindlers' Waltz to the Sounds of a Crash

4 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Government officials, perhaps influenced by spending too much time with bankers, forgot that if you want to govern effectively you have retain the trust of the people. And by treating the financial industry — which got us into this mess in the first place — with kid gloves, they have squandered that trust. During the …

Swindlers' Waltz to the Sounds of a Crash Read More »

1 in 10: U.S. Mortgage Delinquencies Reach a Record High — Going UP?

6 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

AVAILABLE ON KINDLE/AMAZON Editor’s Note: While the media, Wall Street and government sources try to placate us, there are inescapable truths right now and inescapable consequences right around the corner. Other than people who own their home outright or who are relatively close to that point, nearly every homeowner in America has several problems: (1) …

1 in 10: U.S. Mortgage Delinquencies Reach a Record High — Going UP? Read More »

Audit Faults New York Fed in A.I.G. Bailout

12 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Editor’s Note: In this article you have the nub of the problem for the investors, for the foreclosers, for the pretender lenders. What did the taxpayer actually pay for and what did they get for it? And if the money all went to pay off credit default swaps at 100 cents on the dollar then …

Audit Faults New York Fed in A.I.G. Bailout Read More »

"The Prosperity Gospel": Pastors Took Bribes From Mortgage Originators — $350 per subprime mortgage

17 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

And probably people “of the cloth” from all denominations. We are a nation of faith. Jesus angrily drove the money lenders out of the temple. How can we stand by and allow the borrowers to be driven out of their homes? The fact is most of these victims were hunted down like a foxhunt, with …

"The Prosperity Gospel": Pastors Took Bribes From Mortgage Originators — $350 per subprime mortgage Read More »

Goldman takes on new role: taking people’s homes

9 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

By Greg Gordon, McClatchy Newspapers Greg Gordon, Mcclatchy Newspapers Mon Nov 2, 6:00 am ET SAN JOSE, Calif. — When California wildfires ruined their jewelry business, Tony Becker and his wife fell months behind on their mortgage payments and experienced firsthand the perils of subprime mortgages. The couple wound up in a desperate, six-year fight …

Goldman takes on new role: taking people’s homes Read More »

States Commence the Inevitable "Tobacco" Litigation Against Banks — Arizona Leading

14 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Sometime back in the early Spring and Summer of this year, I had a series of meetings with Arizona officials from the legislative and executive branch right up to the top, an Alabama Class Action firm of some repute, and telephone conversations with the U.S. Attorney, and several other class action attorneys researching “relater” and …

States Commence the Inevitable "Tobacco" Litigation Against Banks — Arizona Leading Read More »

TWO Undisclosed Yield Spread Premiums: Why Securitization Changes the Game

97 Comments / bubble, CDO, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

LIVINGLIES NOW AVAILABLE ON AMAZON KINDLE! SIGN UP FOR CLEARWATER, FLORIDA SEMINAR NOW So called “auditors” will miss the fact that there are two yield spread premiums that were not disclosed to either the homeowner or the investor. Failure to account for the movement of money through the securitization chain and failure to account for …

TWO Undisclosed Yield Spread Premiums: Why Securitization Changes the Game Read More »

New Shockwaves From Courts and Accounting Board

22 Comments / bubble, CDO, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage / By

Wall Street was not responding to legitimate consumer demand, it was creating an artificial demand simply to create mortgage product to feed its securitization machine and generate big fees for itself. Comment from Reader: “MERS and the Pretender Lenders are seeking the courts to credit them with a touchdown despite the obvious fact that they …

New Shockwaves From Courts and Accounting Board Read More »

Scroll to Top