Archive for 'bubble' Category
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ SEE ALSO 10-lies-we-live-by-and-should-stop-believing-if-we-want-this-to-stop EDITOR’S COMMENT: In this age of cynicism and corporate money directing every election, it probably comes as no surprise to you to learn that the House Committee Chaired by Barney Frank contains members whose campaign contributions comes mostly from the industry they are […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S NOTE: Just like the other mortgages, there was a scam operating. Whether these were securitized or not I don’t know yet. But one thing that has tweaked my interest is to know what appraisal figures were being used on a house where the reverse mortgage […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S NOTE: The number of foreclosures on active military homeowners who were fighting for their country at the time their homes were being stolen by pretender lenders is far in excess of the small numbers referred to in this article. It is abhorrent to treat those […]
More Loan-Modification Options for the ‘Underwater’ By LYNNLEY BROWNING STRUGGLING homeowners who owe more on their mortgages than their properties are worth have had few options to restructure their loans, but that may soon be changing for a few of them. Six months after the Federal Housing Administration announced an $11 billion refinancing initiative for […]
Adam Levitin | Foreclosure Fraud Settlement: The Empire Strikes Back (or Why Are Republicans So Obsessed with Backdoor Cramdown?) Posted by Foreclosure Fraud on March 10, 2011 · 7 Comments I don’t know what these people are complaining about. The 27 page “term sheet” is mostly made up of existing laws that the servicers are asked […]
Daily Finance | Foreclosure Fraud in Maryland: Banks’ Lawyers (Shapiro & Burson) Accused of Forging 1,000+ Deeds Posted by Foreclosure Fraud on March 10, 2011 · 11 Comments Well well well. I wonder if this includes forged satisfactions of mortgage as well, Mr. President… Foreclosure Fraud in Maryland: Banks’ Lawyers Accused of Forging 1,000+ Deeds By […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S NOTE: This is exactly what the BAP appellate judges said when I listened in on an appeal — that they had several occasions in which on the same docket, two completely unrelated parties both claimed to be the holder of the original note and both […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S COMMENT: All they are seeking to do is restate the obvious — that if the foreclosure is not done properly, title will never be clear — a point that we have been making for three years here. It is a very hot issue since the […]
Bank of America Takes $533,500 Loss on Barbara Desoer’s Home Posted on March 11, 2011 by Foreclosureblues Today, March 11, 2011, 6 hours ago | ceramic cat FROM: http://blogs.wsj.com/deals/2011/03/1…_share_twitterBank of America Corp. is fighting an effort to force U.S. banks to reduce the amount some borrowers owe on their mortgage. But property records show that the […]
COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S ANALYSIS: WHAT IS THE EFFECT OF TRADING, BUYBACKS, RECONSTITUTED “TRUSTS” ON THE CLAIMS OF “OWNERSHIP” OF THE LOANS?” Up in the clouds of finance and trading desks they are creating accounting entries indicating transfers of mortgage backed bonds. AIG announced it is “buying back” $17 […]
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