Archive for 'bubble' Category
by B. Davies FROM NATIONAL NORTGAGE NEWS: GREAT ARTICLES FROM MY NEW FREE SUBSCRIPTION—– DRUM ROLLS—–>>>>AFRAID AND READY FOR JAIL– http://www.scribd.com/doc/40441867/Servicing-Fraud-Another-Black-Eye http://www.scribd.com/doc/40441783/Foreclosure-Affidavit-Moves-Spur-Some-Ratings-Reviews-at-Wells-IndyMac http://www.scribd.com/doc/40441728/Fannie-Will-Hold-Servicers-Responsible-for-Robo-Gate-REO-Losses http://www.scribd.com/doc/40441672/Lenders-Turning-Their-Backs-on-MERS-Going-Back-to-Paper
Not surprisingly, the prospect of an alliance between Ms. Warren’s new bureau and a handful of activist attorneys general gives the banking industry the heebie-jeebies. At a panel at the Chamber of Commerce this week, Andrew Pincus, a lawyer with Mayer Brown, articulated their voluminous concerns. Today, that same coalition of state prosecutors is the […]
Editor’s Note: While the banking industry have made it “illegal” for a homeowner to have a relative buy the home at foreclosure auction and then give it back to their son or daughter, there are many games at play in the auction. And don’t forget there are no auction police around. They have to figure […]
Kentucky Judge requires proof of chain of title and ownership. 2010/10/30 at 9:16 am http://www.scribd.com/doc/40489838/Kentucky-Order-FORECLOSING-ENTITY-MUST-SHOW-CHAIN-OF-TITLE-AND-ASSIGNMENTS KENTUCKY JUDGE ORDER PROPER DOCUMENTS BE IN PLACE TO FORECLOSURE—FROM GLENN A. COMMONWEALTH OF KENTUCKY KENTON CIRCUIT COURT GENERAL ORDER Pursuant to CR 8.01(1) and CR 17.01, plaintiff in foreclosure complaints filed in Kenton County, Kentucky, must show that it […]
Letter from Insurance Industry [1] On September 2, 2010 Bank of America was warned about their liability in shady securitizations, mortgages and foreclosures. The letter states directly that some 50% of all loans including HELOCS “qualify for repurchase by BOA in the securitizations insured by them.” It estimates liability of at least $10-$20 Billion just […]
EDITOR’S COMMENT: In a recent article I said that Wall Street no longer provides capital, it consumes it. The earnings reports are a resounding corroboration of the simple fact that big business and big banking is thriving. Those businesses that simply issue new securities and trade them, those companies that buy and sell old companies […]
Wilbur Ross’s American Home Mortgage Faces Servicing Lawsuits By David McLaughlin – Oct 28, 2010 8:59 AM ET * * Tweet * LinkedIn * Share o Business Exchange o Buzz up! o Digg * Print * Email W.L. Ross & Co. CEO Wilbur Ross Wilbur L. Ross Jr., chairman and chief executive officer of W.L. […]
SEE ALSO securitization-understanding-the-risks-and-rewards?page=1 Subprime debacle – the truth emerges: Part 2 Posted by Anthony Harrington, October 28, 2010 Recommend this Article 0 Comments Login to add your comment Anthony Harrington Amongst the real horrors perpetrated during the subprime disaster, such as the many outright frauds practised on US homebuyers who should never have been re-mortgaging […]
AZ Ct Sustains Action for Fraud SCAN1516_000 We thought we’d be required to wait longer for a decision like this in Arizona. The decision is not particularly novel. The Borrower sued for misrepresentation and the “lender” defended on all the usual grounds that usually either freezes the case or ends up bouncing the Borrower out […]
Some homeowners say the banks tried to foreclose on a house that did not even have a mortgage. Others say they believed they were negotiating with the bank in good faith. Still others say that even though they are delinquent on their mortgage payments, they deserve the right to due process before being evicted. Some […]
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