“The Bottom Line is that if the REMIC transactions were real, they would have been named on the note and mortgage. The fact that they never were named or disclosed demonstrates clearly that something else was going on besides funding mortgages with REMIC money from investors. Nobody would loan money without putting their name as …
Hat Tip to Ken McLeod, private investigator serving livinglies LIVINGLIES VINDICATED!!! 99% of the Loans Never Were Transferred into Trusts Editor’s Comment: The truth is coming out piece by piece. In this complaint a thorough examination revealed what we have been saying all along — the loans were NOT pooled, bundled or put into any …
Editor’s Comment: At the heart of the entire scam called securitization was the abandonment — in fact the avoidance of repayment of the loans. The idea was to make bigger and bigger loans without due any evidence of due diligence, so that the “lender” could claim plausible deniability and more importantly, make a claim for …
Appraisal Fraud: Triaxx Inching Toward the Truth Read More »
Editor’s Note: Yves wrote the piece I was going to write this morning. See link below. The salient points to me are mentioned below with comments. The principal point I would make is that Obama has been listening to people who are listening to Wall Street. The Wall Street spin is that this is just …
Yves Smith Nails Obama on Failed Housing Policies Read More »
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The Lies They're Telling US to Make Us Stupid (Again) Read More »
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Bankers Using Foreclosure Judges to Force Investors into Bad Deals Read More »
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Fine Print: The Real Story on the "$25 Billion" Multistate Settlement Read More »
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How the Servicers and Investment Banks Cheat Investors and Homeowners Read More »
Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop with Neil Garfield: Getting Started on Foreclosure Defense NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 NY …
Alabama Appeals Court Slams U.S. Bank Down on "Magic" Fabricated Allonge Read More »
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: I keep waiting for someone to notice. We all know that the foreclosures were defective. We all know that in many cases …
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts Editor’s Comment: The very same people who so ardently want us to remain strong and fight wars of dubious foundation are the ones who vote against those who serve …
OK LAWYERS, STEP UP TO THIS ONE — It is literally a no- brainer Read More »
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Editor’s Comment: They were using figures like 12% or 18% but I kept saying that when you take all the figures together and just …
Now They See the Light — 40% of Homes Underwater Read More »
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Arizona Supreme Court Hogan Case Holds that Note is Not required to Start Foreclosure Read More »
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Pandemic Lying Admission: Deutsch Bank Up and Down the Fake Securitization Chain Read More »
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Another Ruse: Realtors Gleeful over Equator Short Sale Platform Read More »
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Like I said, the loans never made into the "pools" Read More »
Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 …
10K 12/31/93 Indymac Bancorp Inc. Filed 3/29/94 SEC File 1-08972 Accession Number 898430-94-223 IndyMac Bancorp Inc. (Registrant) 551 SEC Filings 3/18/94 to 8/7/08 Closely Related (4): •Indymac Capital Trust I – SEC# 1157668 6/10/04 •Indymac Capital Trust II – SEC# 115670 6/30/06 •Indymac Capital Trust III – SEC# 1157671 – 6/30/06 •Indymac Capital Trust IV …
MARY COCHRANE STRIKES AGAIN: INDYMAC AND COUNTRYWIDE Read More »
THANK YOU CITI FOR DOING OUR WORK FOR US TOP READER PICKS FOR SERVICES AND PRODUCTS Submitted by Jon Lindeman, Esq. Florida So with the chain of documentation now in question, and trustee ownership in question, here is one legal scenario, according to Prof. Levitin: The mortgage is still owed, but there’s going to be …
Citi Article —FORECLOSURE GONE WILD— Tells ALL: Use this MEMO to make your case Read More »
I like this post from a reader in Colorado. Besides knowing what he is talking about, he raises some good issues. For example the original issue discount. Normally it is the fee for the underwriter. But this is a cover for a fee on steroids. They took money from the investor and then “bought” (without …
