Archive for 'Corruption' Category
Editor’s Note: Bid Rigging is exactly what is happening at the steps of every foreclosure action involving so-called securitized loans. Here BofA admits it but not for home foreclosures. The party submitted the non-cash bid (called a credit bid) is not the creditor, and the title is transferred to yet another party who is also […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Last 2010 Workshop: December 11 Sacremento CA 50 Seat Maximum Register NOW!!! Editor’s Note: The keystone of leverage that the pretender lenders have been using is that there is a general practice (which incidentally is completely necessary) of accepting the lawyers’ representations as true on basic […]
From Baseline Scenario.com ” “It turns out that the biggest friction in bank funding is not one that is “inherent” in the banking system or in funding more generally, something unavoidable and found “in nature,” like the wind. The main friction is the result of government policies. That would not be so bad if these […]
see also SIMON JOHNSON (FORMER IMF ECONOMIST) — YES THE ANSWER IS YES: EDITOR’S NOTE: It doesn’t really matter who you ask. Whether they are from one political ideology or another. The answer is obvious: The mega banks are too big to govern themselves, they are too big to regulate, and so they are the […]
Buyers Afraid of What They Are Getting — a Title Mess? By Les Christie, staff writerDecember 3, 2010: 3:34 PM ET NEW YORK (CNNMoney.com) — Several of the big mortgage players are playing Santa Claus again this year, saying they will not evict borrowers in default during the two weeks surrounding Christmas. Freddie Mac (FMCC) […]
Special report: Legal woes mount for a foreclosure kingpin LPS Headed For Closure? “But a Reuters investigation shows that LPS’s legal woes are more serious than he let on. Public records reveal that the company’s LPS Default Solutions unit produced documents of dubious authenticity in far larger quantities than it has disclosed, and over a […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE: This is exactly the result you can expect when you allow anyone to play the part of the creditor and submit a “credit bid” (no money at auction) or selling the house on a short-sale, pretending that they can execute a satisfaction of […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “Standing has become such a pervasive issue [3],” wrote Judge H. Dana Winslow in a submitted testimony, “that I frequently use the term ‘presumptive mortgagee in foreclosure’ to describe the Plaintiff Mortgagee” claiming to have the right to enforce the foreclosure. by Marian Wang ProPublica, […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary By Kimberly MillerPalm Beach Post Staff Writer Updated: 10:34 p.m. Saturday, Dec. 4, 2010 In hours of congressional hearings last week, the nation’s banks were repeatedly condemned for dual-track loan modification systems that give hope to homeowners seeking lower monthly payments while at the same time foreclosing on their properties […]
SUBMITTED BY LAWYER WITHOUT ATTRIBUTION — CHECK WITH COUNSEL BEFORE USING THIS I am in receipt of your letter dated _______. In that letter you purport to represent JP Morgan Chase. According to representatives of JP Morgan Chase, they never heard of you or your law firm. Please provide proof of your authority to represent […]
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