Archive for 'Corruption' Category
From Eric Mesi MERs has a manual and I included some of it below regarding foreclosures. But who would know if their manual is correct? Of course they will write it to protect their selves. Section 2: (a) If a Member chooses to conduct foreclosures in the name of Mortgage Electronic Registration Systems, Inc., the […]
Analyzed and Presented by Charles Koppa, MORTGAGE AUTOPSIES There are 131 pages within links at the bottom for Maiden Lane Disclosures (a year later). They give ONLY NAMES of nearly 800 underlying Securities Trusts with NO NAMES/LINKS to the original Grantors in the Deed of Trust for underlying “toxic mortgages” which attach real estate collateral that allowed securitization for each CUSIP. That information remains in […]
In the NY Fed disclosure of the TARP payments, they show various certificates that were tendered for cash. In Maiden Lane I, it shows the CDS’s for 11 certificates from the WFHET_05-2, mostly M8 but also an M9 and M7 certificate. Some of the values show a positive amount (8,200,000, i.e) and some show negative […]
Editor’s Note: Put simply this crisis will still be ongoing in 20 years. When you add the student loans that were securitized and which were “non-dischargable” in bankruptcy because of the government guarantee of the “risk” (which never existed because the risk was sold before the loan was ever funded, hence the guarantee should not […]
So here is the deal. MERS allows anyone with a password and user ID to sign papers for them whether they are authorized or not. That policy continues but they now want people to complete “certification” to act as authorized signing officer. Keep in mind that once a person has gained entry to the system […]
See the thing about the arrogance of these non-bank and bank financial institutions is they are rushing to get under the wire before the truth is revealed: they are not the creditor and they never were. Send your debt validation letters and don’t let them sue without filing a motion to dismiss the same as […]
If you have documents signed by John Crandall, here is some information on him that might assist in determining whether he was truly authorized to execute any documents. His close association with Litton indicates to me that he would be incapable of providing, knowing or even having access to a full accounting from the creditor […]
Here is an interesting article from Tadly 2010/03/26 at 5:47pm Here is an interesting article Harder Part American Banker | Wednesday, February 24, 2010 By Jeff Horwitz * IndyMac Buyers Pick Up Another Failed Bank – February 22, 2010 * FDIC Rebukes Internet Video – February 16, 2010 In less than a year, the private-equity […]
Editor’s Notes: Bank of America is smarter than most. It has created a web of companies whose function is to perform activities that hide the fact that it is Bank of America, and there are other pretender lenders who hide behind this entity who suddenly appears as “trustee” or some other entity claiming the right […]
YOU DON’T NEED TO BE DELINQUENT TO SETTLE OR MODIFY. It might just be a good time to pick up the phone right now and call the servicer, trustee, or whoever is saying they have your loan (even though they don’t) and make a deal. Think about it first. Don’t be too generous to them […]
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