Archive for 'bubble' Category
SERVICES YOU NEED AUTHORITY AND AGENCY In “Fair Game” Gretchen Morgenson continues to unravel the failing process of “saving homes” while the world ignores the simple truth that legally the homes are in no jeopardy but for the pranks and illusions created by the pretender lenders. There is no valid foreclosure, auction, mediation, modification, short-sale, […]
Top Posts and Pages 18 months Obama has been in office. We suffered waiting for the administration to get the facts and develop a plan to do something about it. To tell you the truth I never thought of this way, but he’s right — it is the best way possible. It took 35 years for […]
SERVICES YOU NEED 9.24.10 BARNEY FRANK LETTER-Letter-to-Fannie-on-Foreclosure-Fraud[1] VIDEO FEED FROM TAMPA TV In a blunt, no nonsense letter to Fannie Mae three congressional representatives including Barney Frank who has enormous clout, a shot heard round the country was heard. It wasn’t just a letter of inquiry or even at the level of complaint. It was […]
SERVICES YOU NEED EDITOR’S NOTE: EXCELLENT ARTICLE BY DENNINGER Well, it appears that it is finally happening…. To be specific, it appears that: At least one (and perhaps more) “inside officers” in various law firms filed thousands (and maybe tens of thousands) of affidavits they did not read and thus could not have attested to. […]
GMAC Robo-Signers | Mortgage Lenders, Foreclosure Abuse | 2011 Real Estate Predictions Submitted by Tim Harris on September 23, 2010 – 12:01 pmNo Comment | Popularity: 1% [?] GMAC Robo-Signers. I am of two minds on this emerging story…. Will the wide spread practice of lenders using so-called Robo-Signers really be enough of a legal issue for […]
SERVICES YOU NEED EDITOR’S NOTE: We are seeing more and more of these “recoveries.” The question we pose and that should be posed IN COURT is to whom this money is paid and more importantly, how is it going to be credited? Why is that important? ANSWER: If that recovery means that the investors or […]
SERVICES YOU NEED Investors face an “obstacle course” of challenges in attempting to get banks to repurchase loans that failed to match their description in bond documents, Grais said bondholders said they have the power to order the trustee for the securities to start probes because the investors own 25 percent of the debt in […]
SERVICES YOU NEED * How Serious is the GMAC Problem? Pretty Serious and Not Just GMAC – 09/21/2010 – Yves Smith * Steve Keen: Deleveraging With a Twist – 09/21/2010 – Yves Smith Monday, September 20, 2010 Grayson Calls on Florida Supreme Court to Halt Foreclosures Representative Alan Grayson of Florida has asked the Florida […]
SERVICES YOU NEED The surprising departure of Lawrence Summers, once touted as the next FED chairman, along with the installation of Elizabeth Warren, Chair of the Congressional Oversight Committee on TARP is a clear signal that the administration has turned its attention to the fundamentals of the economy and away from the ideology that directly […]
SERVICES YOU NEED From testimony in a Chase case, same as dozens of others I have seen —- Q. So if you didn’t review any books, records, and documents or computerized records, how is it that you had personal knowledge of all the matters contained therein? A. Well, I have personal knowledge that my staff […]
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