MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Some of you may remember that when Nixon tried to get Richardson to fire the special prosecutor in the Watergate investigation, it was called the Saturday Massacre, as he fired Richardson, then U.S. AG, and replaced him with someone who would …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT See Full Article on ritholz.com By Barry Ritholz Think back to the giant fraud that was Enron. It was enabled — indeed, it was only possible — by the criminal behavior of their “Big Five” accounting firm, Arthur Andersen. This massive fraud perpetrated …
MOST POPULAR ARTICLES ONE ON ONE WITH NEIL GARFIELD — CLICK HERE I’m writing this because many questions have come in asking exactly what they can expect from a consultation. Hopefully this post will reach enough people to reduce the number of calls on this subject. First the rules. I do not give legal advice …
What Do I Get From Consulting With Neil Garfield? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Use this form under the heading “Best Practices” — Excellent in every respect. Hats off to Ivan Young of the Young Law Group in Bohemia, New York. I say the Defendants have a collective exposure of several million dollars. If I can find …
BOFA-Aurora Appraisal Fraud $1.8Million Lawsuit Filed in New York for One Homeowner Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: Anyone surprised by this news hasn’t been watching the Bank moves for the last 5 years. Of course this process will at least go past the next election cycle. The foreclosures are fraudulent, the loans are defective, the paperwork is a …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: Once upon a time banks made their money by accepting deposits, paying interest to customers on their balances and lending out the money at a higher rate than what they paid their customers. Then the new money morality took over and …
BANKING: It Pays to Shop Around as Annual Fees Top $500 Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: People are voting with their feet. The fact is that Credit Unions and Community Banks provide all the services that the average customer needs at a lower cost than the Mega banks. If this leads to decentralizing the power of the …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT “an overwhelming proportion of the “quick cash” in the global financial system is uninsured and prone to manic-depressive behavior, swinging unpredictably from thoughtless yield-chasing to extreme risk aversion. Much of this flighty cash finds its way into banks through lightly regulated vehicles like …
Banks Should Be Boring and Reliable — That's All Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Money makes its own morality. Here again the FED and the SEC are planning to slap the wrist of criminals with fines amounting to rounding errors on the scope of theft these people committed. Martha Stewart went to jail and paid …
Whitewashing at the Fed and the SEC: Pennies on the Dollar Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT In reviewing the title chain going back further than the current homeowner in foreclosure, I discovered some familiar names, like Linda Green, who signed a satisfaction of mortgage on one deal that was “refinanced.” Up until now, we have been focused strictly on …
ROBOSIGNING IN RESALES AND REFINANCING: MASSIVE TITLE PROBLEM Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: It is of course important that there was and remains criminal misconduct across the country in the processing of fraudulent foreclosures on behalf of entities who are misrepresenting themselves as creditors, submitting credit bids at auction without any authority, and demanding …
WEIDNER: Stern Revelations Affect Hundreds of Thousands of Homeowners Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Source: http://www.avvo.com/legal-guides/ugc/max-gardners-top-tips-for-fake-mortgage-documents 1. The Mortgage or Deed of Trust is assigned from the Originator directly to the Trustee for the Securitized Trust. 2. The Mortgage or Deed of Trust is assigned months and sometimes years after the date of the origination of the …
Max Gardner's Top 65 Tips for Spotting Fake Documents Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT WOW (Wild Old Women) A group of senior citizen activists calling themselves “Wild Old Women” staged a protest at a San Francisco Bank of America branch this week and succeeded in causing the business to close its doors, albeit temporarily. The Bank of …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT I was speaking with a pharmacist last night who was questioning me about my contention that appraisal fraud was the root cause and vehicle of the deception that is called securitization. By now most people understand that there was something wrong with securitization …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Thousands of homes are involved. Tens of thousands of lives disrupted or destroyed by the process of foreclosure that was at minimum, questionable. And what did the banks do with their ill-gotten gains? They either abandoned the homes because they were …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: The lie is that if the mega Banks fail, so will the country. The Truth is that we have over 7,000 other Financial Institutions that can pick up the pieces and deliver banking services for a fraction of the cost now …
Healthy Banks Stand Ready to PIck Up the Pieces After Mega Banks Fall Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SEE FULL ARTICLE ON HUFFINGTON POST by Jillian Berman More than four years into the housing crisis, and after millions of Americans have lost their homes, Federal Reserve Chairman Ben Bernanke is finally taking a stand. Bernanke sent a Federal Reserve paper to …
BERNANKE: Don't Rely on Foreclosures to Solve the Problem Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Besides the ratings agencies, the main backstop against the fraud that was allowed to mushroom into a colossal meltdown were the auditors who simply didn’t do their jobs. If the MBS market for too difficult for them to understand, then neither …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT “I can tell you I wrote the rules. … I know what they say,” Gibbons said. “You’re supposed to produce these documents and prove ownership here. You can’t just blow off (that) certification means nothing. It means a lot. It means that these …
Nevada Supreme Court Will Hear Question on Lack of Certification of Ownership of Loans Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: The fraud is that they lied about the quality and legal status of the mortgages, as well as the quantity of the mortgages. They lied about what investors were getting. Prove that and you get two for the price of one. …
Prosecutions of Securities Fraud Will Unravel Mortgage Mess Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: It’s no secret. Homeowners who have been willing to take on the banks have been staying in their homes for years without making payments. They do it with letters and legal challenges of all sorts that make it difficult if not …
Putting Up a Fight Means Staying in Your Home, Sometimes for Years Without Payment Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SEE FULL ARTICLE ON MORTGAGENEWSDAILY.COM The OCC is rolling out its first public service announcements to alert consumers about the Independent Foreclosure Review announced by it, the Fed, and the OTS in early November. The campaign follows the distribution of over 4 million letters …
OCC Issuing Alert to Consumers About Independent Foreclosure Reviews Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT INVESTORS COMING OUT OF THE SHADOWS: BANKS’ WORST NIGHTMARE EDITOR’S ANALYSIS: For those who have followed this Blog for any length of time, this news will come as no surprise. Ultimately, the proof and the relief sought by homeowners will come from investors …
MBS Investors in Revolt: Ultimatums to US Bank and Wells Fargo Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: Most of the foreclosures could have been resolved through modification. In that sense, the Obama administration was correct in pressing servicers and banks to modify and giving them financial incentives to do so.They were wrong in that the servicers never had …
