MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 Editor’s comment: Smith’s statement about the passivity of investors is well taken. Up until recently, they were content to let the Banks and servicers fight it out and they assumed they would get their fair share of the money that was …
Pension and Union Funds Were Upside Down the Moment They Bought MBS Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 State of Foreclosure as a Tool for Frauds on Investors:submitted by DCB The Federal Reserve Board, and the Treasury Department’s FDIC and OCC divisions have in the aggregate made a factual and legal determination statutes and rules under those agencies’ jurisdiction …
State of Foreclosure as a Tool for Frauds on Investors: Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Setting a Foreclosure Case for Trial by Mark Stopa http://www.stayinmyhome.com/blog/2012/01/setting-a-foreclosure-case-for-trial/ Did you know the banks and their lawyers don’t want to have to go to trial in foreclosure cases? It’s not exactly breaking news, I realize. (Recall, for instance, this post, …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 “5810.10 Personal contract and tort liability of trustee. (A) Except as otherwise provided in the contract, for contracts entered into on or after March 22, 1984, a trustee is not personally liable on a contract properly entered into in the trustee’s …
Personal contract and tort liability of trustee. Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-168 FOR THOSE OF US WHO ARE HAVING OUR HOMES STOLEN BY ONEWEST/INDYMAC, LET’S NOT FORGET WHO THE OWNERS ARE! IndyMac Is Set to Be Sold to Private Investors December 27, 2008, By DEALBOOK IndyMac Bancorp, one of the largest banks to …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Release on Foreclosure Fraud Settlement Looks Broader Than Advertised By: David Dayen In his statement on the Administration’s new housing policies, CFPB Director Richard Cordray makes a fairly stunning response, considering it’s posted at the White House blog: The principles articulated …
Release on Foreclosure Fraud Settlement Looks Broader Than Advertised Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 “The banks created the MERS system as an end-run around the property recording system, to facilitate the rapid securitization and sale of mortgages. Once the mortgages went sour, these same banks brought foreclosure proceedings en masse based on deceptive and fraudulent court …
Our Turn to Strike Back: Schneiderman Files Massive Lawsuit Against Pretenders Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 EDITOR’S NOTE: While the administration, realtors and others are trying to paint lipstick on the pig, the reality is that the housing market is as weak as ever, falling further and further in a death spiral. The number of strategic defaults …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 JOINT FED/STATE MORTGAGE INVESTIGATION TASK FORCE NEW YORK ATTORNEY GENERAL ERIC SCHNEIDERMAN, CO-CHAIR OFFICE OF THE ATTORNEY GENERAL THE CAPITOL ALBANY, NY 12224-0341 General Helpline: 1-800-771-7755 TDD/TTY Toll Free Line: 1-800-788-9898 http://www.ag.ny.gov/ Subcommittee on Financial Institutions and Consumer Protection Chairman, Hon. …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 John Kevin Kennedy was an engineer at Anheuser Busch for 30 years. Then came the sale to InBev, and the big downsizing at the brewery left Kennedy out on the street along with much of his department. With no job, he …
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Synovus Ousts Senior V.P. of Asset Management; Shady Foreclosure Deals to Blame? by Mark Stopa http://www.stayinmyhome.com/blog/2012/02/synovus-ousts-v-p-shady-foreclosure-deals-to-blame/ Have you ever wondered what happens to houses when the banks foreclose? The Fort Myers News Press recently wondered just that, and its findings may …
Synovus Ousts Senior V.P. of Asset Management; Shady Foreclosure Deals to Blame? Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SERVICE 520-405-1688 Editor’s Comment: With the Revolving Door between the finance sector and public law enforcement, it is hard not to wonder where Oregon Attorney General John Kroger will be employed when he finishes his term as AG. SPIN: A great deal …
Settlement is a Scheme to ratify the Other Schemes of Banks and Servicers Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: OK think about it. BOA is going to pay hundreds of millions to those minorities who were steered into either high interest rate loans or sub prime loans that were loaded with exotic features, including high interest rates. ” High Interest” …
BOA PAYING $335 MILLION TO MINORITY HOMEOWNERS FLIM-FLAMMED BY BOGUS MORTGAGES Read More »
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE TOO BIG TO FAIL AND TOO BIG TO FIGHT OR REGULATE SEE 74051381-Judge-Rakoff-s-Ruling-in-S-E-C-v-Citigroup-Global-Markets SEE JUDGE BLOCKS CITI SETTLEMENT WITH SEC SEE LONE JUDGE EXPRESSES FURY AT BANKS AND REGULATORS SEE NEITHER REASONABLE, NOR FAIR, NOR ADEQUATE, NOR IN THE PUBLIC INTEREST EDITORIAL COMMENT: …
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Adam Levitin posts on www.creditslips.org EDITOR’S COMMENT: Adam Levitin has nailed it again. From politics to practicality to legality. The Multistate Foreclosure Settlement posted by Adam Levitin The New York Times came out with a strong editorial urging state AGs and the Administration …
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Delaware sues MERS, claims mortgage deception Posted on Stop Foreclosure Fraud Posted on27 October 2011. Some saw this coming in the last few weeks. Now all HELL is about to Break Loose. This is one of the States I mentioned MERS has to …
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: California has approximately a 1/3 share of all foreclosures. So Harris’ decision to drop out of the talks is a huge blow to the mega banks who were banking (pardon the pun) on using it to get immunity from prosecution. The …
CAL. AG DROPS OUT OF TALKS WITH BANKS: AMNESTY OFF THE TABLE Read More »
SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM SEE 10-lies-we-live-by-and-should-stop-believing-if-we-want-this-to-stop SEE taking-justice-off-the-table-2-cent-settlement In Proposed Mortgage Fraud Settlement, a Gift to Big Banks TROJAN HORSE By JESSE EISINGER, ProPublica Luis Alvarez/Associated Press Tom Miller, attorney general of Iowa. Lurking in a proposed mortgage fraud settlement with the state attorneys general is a clause that could be worth …
FRAUDULENT MORTGAGE FRAUD SETTLEMENT IN THE WORKS UNLESS YOU STOP IT Read More »
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: We must face the fact that neither the media nor the regulators are going to admit our true status. Reporters blithely refer to a $600 trillion CFTC “industry” that in fact is so full of vapor it probably doesn’t amount to more than …
RULE BY BANKS INSTEAD OF RULE OF LAW: WHERE IS THE U.S.A.? Read More »
Sheila Bair has finally let the trial balloon out of the bag. Just watch what Wall Street does to position Bair as some kind of kook. In truth, she ought to be running the financial part of this recovery although the FDIC is supposed to insure deposits, not necessarily write offs of bad loans. Bottomline, …
FDIC Weighs Loan Principal Cuts to Fight Foreclosure Read More »
NOW AVAILABLE on KINDLE/AMAZON The Emperor\’s New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT? 1-in-10-u-s-mortgage-delinquencies-reach-a-record-high-going-up The Emperor is still strutting around as though he was fully clothed in the best silk, color and design. Wall Street is still the darling of government and a whole lot of other people, even if it was …
The Emperor's New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT? Read More »
Countrywide Sued by Fund Over $8.4 Billion Loan Deal (Update1) greenwich-investor-complaint-against-countrywide-describing-securitization-in-simple-terms Excellent Article by Mr. Mortgage: Mortgage Security Holder Stands up to Bofa By Patricia Hurtado Dec. 1 (Bloomberg) — Countrywide Financial Corp., the home lender acquired by Bank of America Corp., was sued by Greenwich Financial Services Fund over claims an agreement to reduce …
Countrywide Sued by Fund Over $8.4 Billion Loan Deal Read More »
