We have come a long way in six years. Back in 2007 almost everyone thought that the mortgage bonds were valid instruments issued by a valid entity that owned valid mortgages. Now we have Reuters news service reporting that “home loans underlying securities were rotten from the start.” Thus we are crossing that line where …
Reuters: Mortgage Bonds Were "Rotten from the Start." Read More »
SIX FORMER BOA EMPLOYEES TESTIFY THAT BOA MODIFICATION AND FORECLOSURE SPECIALISTS WERE PAID AND INSTRUCTED TO LIE TO HOMEOWNERS, PAID WITH GIFT CARDS IF THEY SUCCESSFULLY THREW THE HOMEOWNER INTO FORECLOSURE AND WERE DISCIPLINED OR FIRED IF THEY FAILED TO TURN OVER THE REQUESTS FOR MODIFICATION INTO THE RIGHT NUMBER OF FORECLOSURES. IF YOU WANT …
Click Now to Consult with Neil Garfield NOTE: For Legal Representation in Florida, Ohio and California, please call our customer service number 520-405-1688 Editor’s Comment and Analysis: For those, like myself, frustrated with the pace of the investigation, we must remember that the convoluted manner in which money and documents were handled was intended to …
DOJ Probes Wells Fargo: Unravelling the Scam Piece by Piece Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “The same bankers are feeding the legal system with fraudulent and futile fabrications of documents for transactions that never existed, as loans were “securitized” but somehow never moved from their originators. Promissory notes failed to reveal the true terms of the deal just …
"INCURABLE RECESSION": BEAR MARKET AGAIN UNTIL HOUSING CRISIS FIXED Read More »
SERVICES YOU NEED Somebody get me the complaint so I can post it here. Editor’s Note: AMBAC is one of the insurers of loan portfolios, like AIG. The insurance paid off when the Master Servicer declared the portfolio had “failed,” based upon standards that were set by the Master Servicer and Underwriter. The insurer had …
AMBAC SUES BANK OF AMERICA FOR MASSIVE FRAUD: $16.7 billion Read More »
