Archive for 'bubble' Category
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary submitted by Tony Editor’s Note: One of the things that struck me about this submission was that only a year ago it would have been unlikely for any but the bravest to try this analysis and now it is getting commonplace. The fundamental facts and […]
Senate, House Hearings on Foreclosure Fraud Cast Doubt on Deadbeat Borrower Meme On Thursday, the housing subcommittee of the House Financial Services Committee held hearings on robo signing, documentation, and servicing issues. This session wasa companion to the Senate Banking Committee hearings on the same topic earlier in the week. There were some notable differences […]
EDITOR’S NOTE: It’s worse than Martin thinks. If my information is correct, virtually all the RMBS derivatives and mortgage bonds are fatally defective (they can’t be fixed). The nominal value of that exceeds all the real money in the world by a factor of two. A lot of them cancel each other out, but the […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG EDITOR’S NOTE: ALL LAWYERS and ALL LITIGANTS should study these documents — all of them. Reyes is the guy in charge of asset acquisition, a fancy name for being in charge of the “trustee” functions of Deutsch Bank for securitized pools. Interesting […]
Editor’s Comment: Take a look at Paul Krugman’s column this morning in the NY Times. He starts off quoting Sen. Alan Simpson happily proclaiming the coming of a “bloodbath.” Look at the comments on this blog regarding civil disobedience, and the anger at government, banks and business. Look anywhere you want, and you will see […]
By Ari Haruni|Nov 19, 2010, 4:25 PM|Author’s Website FBN’s Charlie Gasparino reports that Financial Crisis Inquiry Commission (FCIC) Chairman Phil Angelides has delayed the report “due out in December until the next year” so that the bipartisan commission can take a closer look “at this new issue of mortgage foreclosure fraud.” Here are the key […]
http://www.ft.com/cms/s/0/92bbba26-f2a7-11df-8020-00144feab49a.html#ixzz15q6EE2wV By Tom Braithwaite in Washington Published: November 18 2010 00:17 | Last updated: November 18 2010 00:17 The Financial Crisis Inquiry Commission has delayed its report into the causes of the crisis amid rancour between members of the panel. Set up by Congress as a version of the widely praised Pecora commission, which in […]
Thursday, November 18, 2010 Email to a Friend ShareThis Homeowners continue to have little short-term confidence in the U.S. housing market but are much more confident about the picture five years down the road. The findings on both questions remain in the ballpark of where they’ve been for well over a year. A new […]
EDITOR’S COMMENT: Let’s assume that the banks are right, that the foreclosures are all legal, and that any errors are legally and properly correctable. And, for the sake of argument, let’s also assume that the homeowners are to blame for the financial crisis — that a viral fad spread throughout the country and the world […]
Posted on November 17, 2010 by Foreclosureblues Illinois AG Madigan Files Legislation to Reform the Foreclosure Process to Protect Homeowners Tue, 2010-11-16 17:17 — NationalMortgag… Illinois Attorney General Lisa Madigan has filed legislation designed to reform the foreclosure process to protect homeowners. Madigan’s legislation is the first of its kind in the country to address […]
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