Archive for 'bubble' Category
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: In a few of my recent articles I referenced the great paperwork crisis that brought down several large brokerage firms in the late 1960’s. The article below gives more details and comparisons with the current situation. I agree with everything he is saying […]
“Let us deal with the “borrower fraud” argument first because it is the area containing the most erroneous assumptions. There was fraud at every step in the home finance food chain: the appraisers were paid to overvalue real estate; mortgage brokers were paid to induce borrowers to accept loan terms they could not possibly afford; […]
Lender Processing Services Has a Very Bad Day: Federal Bankruptcy Trustee Joins Litigation Against LPS on Behalf of All Chapter 13 Trustees in the US Lender Processing Services, which provides “technology” services to servicers and foreclosure mills, is under an escalating legal assault. Although media attention has focused on its role as a generator of […]
2010/11/08 at 9:17 am MERS LEGAL SERVICE ADDRESS http://www.scribd.com/doc/41564028/Mortgage-Electronic-Registration-System-Inc-Mers-Address-for-Legal-Process-Serving MERS AS A THIRD PARTY SUBPOENA OF RECORDS IN BK. USEFUL TOOL. THEY WILL NOT PRODUCE ANYTHING IN STATE COURT. FEDERAL IS DIFFERENT. http://www.scribd.com/doc/41562775/MORTGAGE-ELECTRONIC-REGISTRATION-SYSTEMS-INC-THIRD-PARTY-SUPONEA-Mers-Suponea-11-8-10-Final
Chains for Fools: In the course of analysis of documents in the context of securitization, it is apparent that the level of complexity is interfering with the presentations in court. The following is an excerpt from one of my analyses that I hope will illuminate both the hair-splitting legal arguments and the realities of the […]
see full-deposition-transcript-of-hollan-fintel-former-florida-default-law-group-attorney Categorized | STOP FORECLOSURE FRAUD FULL DEPOSITION TRANSCRIPT OF HOLLAN FINTEL FORMER FLORIDA DEFAULT LAW GROUP ATTORNEY Posted on04 November 2010. Tags: AS TRUSTEE FOR WFALT2007-PA03, attorney in fact, CHRISTOPHER T. IMMEL, CULVER “SKIP” SMITH, deposition, ESQUIRE, ESQUIRE Culver Smith III, florida, florida default law group, foreclosure fraud, former employee, Hollan Fintel, HSBC […]
EDITOR’S COMMENT: Perhaps 4% are valid foreclosures on valid mortgages. The rest is simply a process of sucking on the taxpayer’s will and other things, stealing from what had been the middle class and government policy of maintaining a patently illegal process with disastrous economic and legal results that will take decades to fix. LPS: […]
SEE ALSO taking-2nd-mortgage-to-pay-the-foreclosure-lawyer DETAILS ON TELECONFERENCE: lawyer-client-job-fair-by-teleconference-spread-the-word The main problem confronting homeowners who have been the victims of fraudulent and deceptive lending, leading to title problems caused by DEFECTIVE documents that have been recorded, is that there are not enough lawyers who are willing to take these cases. The lawyers are of course concerned with […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: There are those who say that all derivatives are bad. They say that the securitization of mortgages could only result in fraud. They say that the securitization of mortgages could only result in widespread title defects having a negative impact on all commerce […]
William K. Black and L. Randall Wray Posted: November 4, 2010 06:06 PM BIO Become a Fan Get Email Alerts Bloggers’ Index While we welcome Bank of America’s response to our two-part essay, “Foreclose on the Foreclosure Fraudsters,” it does not actually respond to any of the facts or analytical points we made. Indeed, it […]
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