Archive for 'bubble' Category
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG EDITOR’S NOTE: The committees should be interviewing title agents, closing agents, title examiners and independent experts in real property law (Professors of Law with no ties to banking industry) with three basic questions to start the correct path of inquiry — stating […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG EDITOR’S NOTE: In the first real step toward reality, the megabanks have entered talks with the attorneys general of all 50 states to establish the fund. The primary focus at this point appears to be victims of fraudulent foreclosure. There is no […]
EDITOR’S NOTE: IF YOU TELL A BIG ENOUGH LIE OFTEN ENOUGH IT STARTS TO LOOK OR SOUND LIKE THE TRUTH BECAUSE YOU’VE HEARD IT BEFORE. Let’s get down to brass tacks. These “limited” powers of attorney and “limited signing officers” and “vice-presidents” have now been shown to meet the following description. Their depositions and court […]
Editor’s Comment: The rules concerning qualifying an “expert” to testify have been liberalized to the extent that nearly anyone claiming superior knowledge can be qualified. But Judges are impressed with credentials AND a powerful performance on paper, in live testimony, with the ability to defend against cross examination. Lane Houk here is the expert and […]
2010/11/16 at 1:01 pm A separate report from the Congressional Oversight Panel, also being released Tuesday, raises questions about whether improper document transfers could create additional liabilities for the biggest U.S. banks. The consequences could be “severe,” the report said, “if documentation problems prove to be pervasive and, more importantly, throw into doubt the ownership […]
SNEAK VOTING 11-17-10: CALL TO ARMS!!! HERE THEY COME AGAIN: CALL YOUR REPRESENTATIVE AND SENATOR!!!
UPDATE – H.R. 3808 Will Be Voted on to Override or Uphold the Presidents Veto Tomorrow federal-notary-bill-attempts-to-grant-full-pardon-to-lender-notaries-witnesses obama-will-not-sign-notary-bill-good-work-readers AND NOW THEY ARE TRYING AGAIN—- THIS IS BASICALLY THEIR SHOT AT TURNING WHAT WAS ILLEGAL INTO LEGAL. ALL AMERICANS SHOULD BE APPALLED. THIS BILL IF PASSED WILL MAKE EVERYTHING THE BANKS DID LEGAL. IT IS THE EQUIVALENT […]
“Why should homeowners take responsibility for the screw-ups of the financial geniuses on Wall Street and the screw-ups of those who did their closings?” — Neil Garfield Op-Ed Columnist NY Times Too Good to Check By THOMAS L. FRIEDMAN Published: November 16, 2010 “A lie can travel halfway around the world while the truth is […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG EDITOR’S NOTE: The problem I have with this kind of reporting is the presumption that the using a lower amount of principal as the amount due under the mortgage is some sort of gift to homeowners. It is “PRINCIPAL CORRECTION” not principal […]
At Ambac, Haves and Have-Nots By GRETCHEN MORGENSON LIFE is unfair, as everyone knows. But never has this been clearer than in the aftermath of the financial crisis. Small banks that took no part in reckless lending are saddled with higher costs because of the bailout used to rescue big banks that messed up; individuals […]
EDITOR’S NOTE: I wouldn’t exactly agree that foreclosures are fizzling out, but it is true that despite the announcements from BOA, Chase etc. that they were resuming foreclosures, the number is dwindling. It seems that when they announced the moratorium a sharp rise in strategic defaults (people just stop paying) caused them to at least […]


