MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITORIAL NOTE: This comes as no surprise to anyone except those at the Fed. Bernanke and especially the New York Federal Reserve still have not caught up with the reality that the toxic bonds are worthless of worth less than they thought by …
ZeroHedge: Fed Balance Sheet Unwinds as Auction of Toxic Bonds Fails Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: Another example of the Banks claiming more than they are due. Force placed insurance is a game that the banks have been playing for years. They use any excuse possible to use it because they “buy” forced placed insurance to replace …
FORCE PLACED INSURANCE COMES UNDER SCRUTINY IN NEW YORK Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S COMMENT: When I raised this issue some years back, most lawyers thought I was stretching for a technicality. But in fact the lack of authority to represent a forecloser in litigation lies at the core of the “plausible deniability” defense that the …
Attorneys Admit No Authority to Represent US Bank in Foreclosure Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT by Bruce Judson SEE NATION IN DENIAL ON BUSINESSINSIDER.COM FOR FULL ARTICLE As we start the New Year, the executive branch and Congress continue to pretend the gravest risk to our economy and social stability does not exist: the ongoing foreclosure crisis. The …
Nation in Denial — No Recovery Without Fixing Housing and Foreclosures Read More »
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT submitted by workingamerica.org It’s time for the Big Banks to bear responsibility for the financial crisis—and for fraud and abuse against homeowners across the country. The nation’s state attorneys general are considering a settlement with the bankers, but there’s a risk they’ll let …
Write Letters Now to State AG's and the White House: Your Input Matters Read More »
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 »
