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David Dayen at Vice: Billions in Student Debt could Disappear because of Lost Paperwork

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Billions in Student Debt Could Disappear Because of Lost Paperwork The latest example of America’s legal system being a total shitshow might actually help you out—if it doesn’t screw you over first. In 2006, Pablo Ramirez took out a private loan to attend Westwood College, a now-shuttered for-profit diploma mill in Fort Worth, Texas. Eight …

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The Consumerist: Complaints About Student Loan Servicing Increased 429% In Past Year

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https://consumerist.com/2017/03/28/complaints-about-student-loan-servicing-increased-429-in-past-year/ In the past year, federal regulators and consumer advocates have highlighted issues with student loans and the servicing of these often crippling debts: from finding that educational loans continue to haunt older borrowers, to suing Navient, the largest student loan servicing company. Because of this, it might not come as much of a surprise that …

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Levitin and Yves Smith – TRUST=EMPTY PAPER BAG

54 Comments / AMGAR, CASES, CDO, community banks, Corruption, credit unions, escrow agent, evidence, expert witness, foreclosure, foreclosure defenses, GTC | Honor, investment banking, Investor, MBS Trustee, Modification, Mortgage, Motions, Neil Garfield Show, Occupy Movement, originator, Pleading, securities fraud, Servicer, Statutes, Student Loans, taxes, Title, Trust Beneficiaries, trustee / By

Living Lies Narrative Corroborated by Increasing Number of Respected Economists It has taken over 7 years, but finally my description of the securitization process has taken hold. Levitin calls it “securitization fail.” Yves Smith agrees. Bottom line: there was no securitization, the trusts were merely empty sham nominees for the investment banks and the “assignments,” …

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Student Loans, Housing and Poverty in the U.S.

62 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

“Bottom Line: Foreclosures need to stop, student loans need to be modified and return to pre-2005 rules for dischargeability, wages need to rise and the number of people earning wages needs to rise. If you don’t have those ingredients, the economic “recovery” will forever be fragile and will forever be in danger of a much …

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Shocking Bubble in Student Loans Adds to Economic Woes

22 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

If you are seeking legal representation or other services call our Florida customer service number at 954-495-9867 and for the West coast the number remains 520-405-1688. Customer service for the livinglies store with workbooks, services and analysis remains the same at 520-405-1688. The people who answer the phone are NOT attorneys and NOT permitted to …

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Bond Buyers Beware: Student Loans Mirror Mortgage Meltdown

27 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

CHECK OUT OUR EXTENDED DECEMBER SPECIAL! What’s the Next Step? Consult with Neil Garfield For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, Tennessee, Georgia, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than …

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STUDENT DEBT — Reduction Suggested, Especially for Medical Students

96 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

The first thing to think about is how many of these student loans were securitized or are subject to claims of securitization and assignments. Based upon anecdotal evidence collected thus far, most of them were securitized. That means that many of the defenses suggested for mortgage foreclosures are equally applicable to student loans. AND it …

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Student Loans Are The Next Major Crack in Our Finance

29 Comments / bubble, CDO, Corruption, currency, education, Eviction, foreclosure, GTC | Honor, interest rates, Investor, Mortgage, securities fraud, Student Loans / By

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Disclosure to Student Borrowers: www.nytimes.com/2012/04/08/opinion/sunday/disclosure-to-student-borrowers.html?_r=1&ref=todayspaper Editor’s Comment:  “We have created a world of finance in which it is more lucrative to lose money and get paid by the government, than to make money and contribute to society.  In the Soviet Union …

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HOW STUDENT LOANS ARE HOLDING BACK HOUSING, ECONOMY

18 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT “The debt load is so high, and the job outlook so bleak, that student loan default rates have almost doubled,” he wrote in a note to clients. “With the economy little improved since 2009 default rates are bound to rise further.” “This number …

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TENNESSEE ATTORNEY LOOKS AT STUDENT LOANS: SECURITIZED!

13 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE DIFFERENT LOAN SAME QUESTION: WHERE IS THE CREDITOR? Neil, To help the cause, I am sending this email to you. This morning, I read one of your blog posts regarding student loan securitization. In it, you stated: “If you borrowed money directly from …

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STUDENT LOANS: CREDITOR MISSING IN ACTION

6 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE STUDENT LOAN BORROWERS IN SAME SHOES AS MORTGAGE BORROWERS We forget that the securitization mess does not only include unperfected mortgage liens. It applies to ALL consumer loans of every kind. Very few transactions for private student loans, credit cards, auto loans, credit …

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Student Loans Non-Dischargeable? — NOT SO FAST

3 Comments / bubble, CDO, Corruption, expert witness, GTC | Honor, HERS, interest rates, investment banking, Investor, Modification, Motions, Pleading, securities fraud, Servicer, Statutes, Student Loans / By

If the government guarantee was waived in whole or in part, which I am sure is the case, then the rationale for non-dischargeability disappears. So I am suggesting that the assumption that the student loan is non-dischargeable should be challenged based upon the individual facts of your student loan. If it was securitized and it …

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Ghost Towns: 25 million more suburban homes by 2030 than are needed.

14 Comments / bubble, CDO, Corruption, currency, Eviction, expert witness, foreclosure, GTC | Honor, HERS, Investor, Mortgage, securities fraud / By

Editor’s Note: Put simply this crisis will still be ongoing in 20 years. When you add the student loans that were securitized and which were “non-dischargable” in bankruptcy because of the government guarantee of the “risk” (which never existed because the risk was sold before the loan was ever funded, hence the guarantee should not …

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Wave of Voluntary Strategic Defaults Coming: 20% Under water

14 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Editorial Comment: Actually the number is far higher. We compute it as around 45% when all is said and done. First of all there is consensus that property values are actually around 15% less than seller’s are asking. Second costs of selling the home makes up the rest, taking another 6-10% off the selling proceeds. …

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Common Sense Revisited: Securitization and student Loans and Other Matters

2 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Common Sense Revisited: The current crises in reform of student loans, health-care, financial services, prisons, pharmaceuticals, and dozens of other things stalled on the table by an artificial definition of “majority” as 60% instead of 51% lies at the heart of our problem. It isn’t that one policy is right or another is wrong. The …

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Citigroup et al Bailouts Present Additional Defenses Againsts Collection of Virtually Any Debt

6 Comments / CDO, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, politics / By

Think about it. You are a taxpayer and your tax dollars are absorbing the “losses” associated with write-offs of your debts (mortgage, credit card, auto-loan, student loan etc.) whether you pay or not! The reason for the toxicity of those assets the government is eating up is NOT because of defaults, it is because the …

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