Archive for 'Corruption' Category
Posted on December 27, 2010 by Foreclosureblues Bank Slammed With Another Class Action By JOE HARRIS ShareThis ST. LOUIS (CN) – The seemingly endless string of class actions against Bank of America’s foreclosure policies continued here in Federal Court. The class claims that BofA and BAC Home Loans Servicing refuse to participate in foreclosure prevention […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: This is why we should think before we speak and make sure we are using terminology correctly. This crisis will not be over until we realize that there are important differences between the obligation, the note, the mortgage, the mortgage bond, the CDO, […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: This is going to happen for many municipal, county and state government obligations, having a far reaching effect as people awaken to the severity of the current economic crisis and the fact that this time is different from all other times. Officials in […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: The piece below is a cut and paste from the FNMA site without any editing. The latest round of finger pointing has put Fannie and Freddie in the path raising even more obstacles to identifying the creditor, and the holder of any right […]
Leslie F. Seidman Chairman, FASB EDITOR’S COMMENT: You probably don’t know the name Seidman, much less Leslie Seidman. But back in the 1960’s when the accounting rules were first being changed (causing Briloff to write the book Unaccountable Accounting), the Seidman accounting firm was one of the few who understood the significance and moral hazard […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary ALL HANDS ON DECK!!!! According to the Florida Bar News, they are now working on a CLE course that will be 3.5-4.0 credits without charge, and JUDGES and LAWYERS are going to be encouraged to attend. Terry Hill is the director of the Bar’s Programs […]
REUTERS: MBIA wins key ruling in Bank of America case STATISTICAL SAMPLING APPROVED AS EVIDENCE FOR WHOLE CASE Two states sue Bank of America on mortgage servicing Fri, Dec 17 2010 UPDATE 4-Two states sue Bank of America on mortgage servicing Fri, Dec 17 2010 UPDATE 2-U.S. SEC expands mortgage probe – sources Fri, Dec […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Message from sender: YES, VIRGINIA, THERE IS AN INSANITY CLAUSE! EDITOR’S NOTE: The sender is from Harvard University. Here is a clear example of Wall Street money at work on the state level getting legislators to trash their state in exchange for money, gifts and […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary N.Y. State passes increase in homestead exemption for individuals Daily Record (Rochester, NY), Sep 14, 2005 by Daily Record Staff For the first time since 1977, the State of New York has updated the homestead exemption for individuals who are filing bankruptcy. A provision to […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: While this “revelation” may stun some people, others will see it merely as confirmation of what they knew all along. A fraudulent scheme of this dimension couldn’t have been achieved without the cooperation and active complicity of lots of people whose job it […]
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