SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: I sat on this story for a while checking out some facts. Words alone can’t describe my reaction to this. They were called “liar’s loans” because the no-doc loans were intended to be approved regardless of actual income. Under TILA and industry standards for underwriting loans, the …
DOJ JAILS BORROWER WHILE MOZILO AND OTHERS SETTLE Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Biggest Fish Face Little Risk of Being Caught EDITOR’S NOTE: There is only one reason why there are not over 1,000 prosecutions that would successfully land the perps in jail — the reason is that the perps are the ones actually in charge. This is …
Editor’s Note: This is what we are hearing about. What about the settlements that go unreported? The number of settlements that are off-record (unreported) is unknown but suspected to be very high. [One of the reasons why it is SO important to get the true CURRENT status of the SPV and the true FULL accounting …
Investors Settle for $600 million — so which loans get credit for that payment? Read More »
