Archive for 'bubble' Category
“officials were so worried that they might be accused of helping the undeserving that they ended up helping almost nobody.” – Paul Krugman “The irony is that in their determination to punish the undeserving, voters are punishing themselves: by rejecting fiscal stimulus and debt relief, they’re perpetuating high unemployment. They are, in effect, cutting off […]
The multi-trillion dollar bailout of 2008-2009 was supposed to be for all the crazy, stupid foolish losses the banks incurred as a result of the $13 trillion dollar mortgage mess they multiplied into tens of trillions of dollars through “synthetic” CDOs and other exotic instruments. I have just one question. How could they still have […]
“They Will Suffer The Consequences” Says South Carolina Chief Justice Of ‘Corner-Cutting’ Foreclosing Lenders Involved In Robosigner Scandal In South Carolina, The State reports:Across courts in South Carolina, judges say they are halting more foreclosures — as many as one in four —because lawyers for banks have incomplete documents or missing paperwork. They also are […]
Under District law, in contrast to the laws of many states, each deed or other document transferring a mortgage interest must be recorded with the Recorder of Deeds within 30 days of execution. This requirement is not satisfied by private tracking of mortgage interests through the Mortgage Electronic Registration Systems (MERS). October 27, 2010 Attorney […]
VOTE FOR THE LONG SHOT by Neil F Garfield Simple proposition: The further ahead a candidate is in the polls, the more money he or she is getting from the banks and credit industries, the oil industry, and the drug and medical industry. That is because these lobbyists bet on winners — not on ideology. […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see Early Stress Test for the Financial Stabilitiy Oversight Council Editor’s Comment: Simon Johnson warned us this day would come. And he wasn’t the only one. In the article below he describes BOA’s position as “precarious,” arising from the growing number of claims from investors […]
the originator remained your “lender” for all legal purposes including TILA/RESPA. But, these originators are “dead” – so who is the lender for TILA/RESPA?? – not the Trust and not the security investors, not the servicer, and certainly not the Trustee – all according to the Federal Reserve Interim Opinion on May 2009 TILA Amendment […]
You can expect to see these arguments in court. Commentary on Transfers of Mortgage Loans to RMBS Securitization Trusts October 18, 2010 There is a tremendous amount of public commentary these days about possible defects in foreclosure proceedings commenced by loan servicers. Much of this discussion concerns procedural matters, such as whether the appropriate steps are being […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Reports are streaming in from all over the country that some offices are filing volumes of wrongful foreclosure or quiet title actions on homes that were previously “sold” at auction on a “credit bid” that was as fraudulent as the foreclosure action that preceded the […]
By YVES SMITH, NY Times Opinion 10-31.10 “The trap has closed — and unless the mortgage finance industry agrees to a sensible way out of it, the entire economy will be the victim.” “uncertainty in turn puts a cloud over the value of mortgage-backed securities, which are the biggest asset class in the world.“ “the […]
Search Our Blog
Categories
Contact Our National Headquarters Phone: 844-583-5339
Connect with us
Contact Our National Headquarters
- 844-583-5339
- Available 24/7
-
200 S. Andrews Ave. Ste. 604
Ft. Lauderdale, FL 33301