WEISBAND

Foreclosure defense attorney infiltrates Ally mortgage unit

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Foreclosure defense attorney infiltrates Ally mortgage unit by KERRY CURRY Philadelphia law firm used nonlawyers to file foreclosures, suit alleges LPS filed motion for sanctions in bad faith, foreclosure defense attorney alleges Attorney pledges fight on David J. Stern WARN notice lawsuit Ally …

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U.S. Bank/MERS loses Every Time in State Supreme Courts

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: WHEN THE SUPREME COURTS OF EACH STATE LOOK AT THE ISSUE OF MERS AND US BANK, THEY ARE UNIFORM IN THEIR DECISION. US BANK IS A STRAW-MAN AND THE COURTS DON’T LIKE STRAW-MEN. The bottom line is that the foreclosures in …

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MASS AG —NO AMNESTY FOR BANKS—PROBES INTO MERS AND MERS MEMBERS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE ALMOST ALL AG’S ARE GRANTING AMNESTY TO THE BANKS EDITORIAL NOTE: MASSACHUSETTS’ AG COAKLEY LOOKS LIKE THE ONLY AG IN THE COUNTRY TO USE REALITY AS A FRAME OF REFERENCE. Each day , each week, and each month the revelations, decisions, judgments and …

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The Meaning of MERS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE The Meaning of MERS by Abigail C Field People have learned a lot about MERS, but in general we haven’t really focused on what it all means. In short, it means that the mortgage industry decided that it was above the law. MERS was set …

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MAIL FRAUD AND WIRE FRAUD, CHAPTER 18, USC AS A BASIS FOR DAMAGES AGAINST THE BANKS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE ROBO-SIGNING:  MAIL FRAUD AND WIRE FRAUD Lots of people have discussed RICO as a basis for suing on a private right to damages resulting from all the fraudulent acts committed by the entire string of “securitization” participants. The focus of such a lawsuit …

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MERS STEPS CLOSER TO ADMITTING PRIOR FORECLOSURES WERE INVALID

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: I’m not as sure as others that this policy bulletin does much for the borrower. Reading it carefully in the light of existing case law, it does not seem to state anything substantive. Since it is remedial in nature, it is …

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AG's Waiving Prosecution of Banks' Foreclosure Fraud, Leaving America in the Dust

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: It’s Monday and so we must be in the twilight zone. The Wall Street Banks have engaged in multiple schemes to corner the market on money and now they are cornering the market on land — all with other people’s money …

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THE STORY CONTINUES: NO ORIGINAL DOCUMENTS, NO NOTES, NO ENDORSEMENTS — EVEN IN CASES WHERE THE FORECLOSURE WAS APPROVED

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: These documents are considered as “cash equivalent” by auditors and bankers and always have been considered that way. So we must think of the documents as cash. Why would cash go missing? Why would anyone allow them to be lost in …

THE STORY CONTINUES: NO ORIGINAL DOCUMENTS, NO NOTES, NO ENDORSEMENTS — EVEN IN CASES WHERE THE FORECLOSURE WAS APPROVED Read More »

BANKS SEEKING IMMUNITY FROM LIABILITY

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: If I was wrong on these pages, if I was the least bit influenced by conspiracy theory proponents, then why are the banks demanding immunity in any settlement with anyone over the mortgages, mortgage practices, foreclosures, and foreclosure practices? And just …

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FED FINES WELLS FARGO FOR FALSIFYING ORIGINAL LOAN DOCUMENTS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE The fact that the homeowner MIGHT still have a balance due on their loan is NOT a reason for awarding money or house to anyone who wants it. — Neil Garfield EDITORIAL ANALYSIS: Why would a “bank” falsify loan origination documents? Why would …

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Robo-signing continues without consequences

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE No Punishment = Continued Misconduct Posted on July 19, 2011 by Mark Stopa Esq. http://www.stayinmyhome.com/blog/?p=1565 In Maine, a group of drug dealers was caught distributing drugs to local middle schoolers. They confessed, yet the District Attorney declined to press charges, so the drug …

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BOA Feeling the Heat is Striking Back at Foreclosure Defense Lawyers as Lawsuits are Filed Against Firms Who Represent BOA

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: The battle is heating up. BOA, for example, is stepping up efforts to cause as much trouble as possible for those foreclosure defense lawyers who are getting traction in the courts. This started some time ago as some people were actually …

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FREE HOUSE MYTH DEBUNKED BY PORTER AND LEVITIN

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE The Free House Myth posted by Katie Porter As challenges to whether a “bank” (usually actually a securitized trust) has the right to foreclose because it owns the note and mortgage become more common, rumors swirl about the ability to use such tactics …

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OCC Decree Examined With Strategic Implications

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE by Patrick Pulatie > > In April, when the OCC Consent Decree came out, I reviewed it > extensively, and the Foreclosure Review findings previously done by the > OCC. > > I adapted my foreclosure exam to meet and exceed ALL the …

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FLORIDA BAR ORDERS LAWYERS TO DISCLOSE FAULTY PAPERWORK

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Lawyers obligated to disclose faulty foreclosure paperwork By Gary Blankenship Senior Editor Lawyers representing banks and other mortgage service companies must tell the courts if they know of paperwork problems in their clients’ foreclosure cases, according to the Bar’s Professional Ethics Committee. The …

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CLASS ACTION SUIT AGAINST BOA LAWYERS AND RECONTRUST (OWNED BY BOA)

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FROM THE EDITOR: SOMEBODY GIVE ME A COPY OF THE LAWSUIT Mumford West & Snow Bring New Class Action Against Lawyers for Bank of America and ReconTrust One Month After Utah Attorney warned of legal action. July 08, 2011 The Salt Lake City-based …

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DIMON ADMITS MORTGAGES ARE FLAWED: "UNMITIGATED DISASTER"

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “There have been so many flaws in mortgages that it’s been an unmitigated disaster,” Dimon said during a conference call today. “We just really need to clean it up for the sake of everybody. And everybody is going to sue everybody else, and …

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STEP ONE: OCC IS GETTING REAL AND DEMANDING A CREDIBLE PLAN FROM MEGABANKS TO FIX FORECLOSURE PROBLEMS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Large US Banks Submit Plans To Fix Foreclosure Operations By Alan Zibel, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- The largest U.S. banks have submitted plans to fix their troubled mortgage-servicing operations, responding to orders issued in April, a bank regulator said Wednesday. …

STEP ONE: OCC IS GETTING REAL AND DEMANDING A CREDIBLE PLAN FROM MEGABANKS TO FIX FORECLOSURE PROBLEMS Read More »

Briefs Submitted for Oral Argument in Arizona

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE CV110091CQ Brief [Plaintiff Vasquez] CV110091CQ Brief filed by Defendants CERTIFIED QUESTIONS SUBMITTED FOR SUPREME COURT REVIEW AMICUS BRIEFS REPORTEDLY BEING FILED BY ARIZONA AG AND OTHERS A lot of buzz being generated about this time in  Arizona Supreme Court. The Court has scheduled …

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NEVADA S. CT.: CREDITOR MUST ESTABLISH ITSELF AT MEDIATION OR FACE SANCTIONS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE 127nevadvopno40 A number of juicy points here, but the main one I find interesting is that they remanded Wells to the lower court for imposition of sanctions. Why? Because they didn’t produce the documents showing they were the creditor. And they can’t go …

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FLORIDA AG BUCKLES UNDER BANK PRESURE: Foreclosure fraud investigators forced out at attorney general's office

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Foreclosure fraud investigators forced out at attorney general’s office By Kimberly Miller Palm Beach Post Staff Writer A lead foreclosure fraud investigator for the state said she and a colleague were forced to resign from the Florida attorney general’s office, unexpectedly ending their …

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QUICKEN LOANS INFO SHOWS IT ACTED AS MORTGAGE BROKER WHILE COUNTRYWIDE WAS THE ACTUAL "SELLER" OF THE LOANS

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE CLEAR VIOLATIONS OF TILA, RESPA, AND UDCPA Prospectus cwalt quicken loans originator PSA CWALT After years of pretending that it was “the bank” in loan transactions, the documents clearly show otherwise. Quicken was always a mortgage broker and it failed to register as …

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NEW BOA SERVICING DEAL IGNORES LAW AND REALITY

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S ANALYSIS: The latest deal announced by BOA is between the bank and investors because they can’t announce a deal with regulators. Regulators are getting wise to the fact that BOA’s hold on the mortgages that are to be “modified” or “foreclosed” is …

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DISCOVERY: Nelson McKee/FA Has Been a Filing Agent For 908 Registrants

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FROM MARY COCHRANE Nelson McKee/FA Has Been a Filing Agent For 908 Registrants Norwest Asset Sec Corp …. Trust 1998-1 Filing Agent for 25,837…Registrants Wholesale (Bank and its commercial subsidiaries, affilaites, clients): “European market for ‘whole loans’ as compared to US market, remains …

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