Archive for 'bubble' Category
Fellow foreclosure defense activists, Check out PBS’ News Hour at http://www.pbs.org/newshour/bb/business/july-dec10/foreclosures_10-19.html Part II is tonight! We need forensic auditors up here in Bean Town. America is getting Kafkaesque! Let’s get the VOTE out! ALLAN BeMoved@AOL.com
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: While I commend the reporting and the acts by Judges, lawyers and government officials, they still don’t “get it.” The presumption is that the homeowner owes the money that the servicer says is due. That is a lie. Thus the assertion that the […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “In its S.E.C. filing, Prommis alerted potential investors that it could face challenges from bar associations, prosecutors or homeowners that its relationship with its law firms constituted the “unauthorized practice of law” or involved “impermissible fee sharing” arrangements.” “The relationship between the Wall Street specialists […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Coupled with the obvious improper relationship between lawyers and Wall Street, is the prior history of having done essentially the same thing in the creation of the loans. People who had licenses to practice their profession threw caution to the winds in exchange for large […]
Bank of America is a particular worry, because its capital position is already precarious, and any downgrade by rating agencies will push it into dangerous territory. To the extent the market believes that the government does not stand fully or immediately behind Bank of America (a view expressed by Morgan Stanley analysts in a note […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “setting the stage for a huge battle between mortgage holders like the government, hedge funds and other institutional investors on one side and the big banks on the other.” Editor’s Note: The plot thickens. Even as the Fed and investors talk about wanting their money […]
1. Chicago Sheriff stops foreclosures until banks get their paperwork in order (which will never happen): http://www.cnbc.com/id/39745284 2. Could I please be added to your referral list as someone who gets it? I was a securitization lawyer for a couple of years (1999-2001 for Chapman and Cutler LLC in Chicago, a 100+ year old finance/banking […]
“ “If it were just a matter of negligence or covering up dubious collateral, surely some of the assignments by some of the banks would have been done properly. Why would they all be defective? “…it’s too late to assign properties to trusts that have already been set up without violating the tax code for […]
From Katherine Editor’s Note: I almost passed on this. Then I started thinking. If the original note must be sequestered with the Court to prevent further negotiation of the note, it locks in the other side pretty early. If you can convince the court that tendering the original note to the court is a condition […]
The MERS Edifice Quavers…. The Market Ticker ® – Commentary on The Capital Markets Posted 2010-10-11 22:05 by Karl Denninger in Foreclosuregate The MERS Edifice Quavers…. And threatens to crumble into dust…. Yes, this is a draft. But it is coming from a law school’s scholarly paper mill – not exactly the sort of place […]


