Only 44% Expect Homes to be worth more in FIVE YEARS. 30% Expect Homes to be worth less in FIVE YEARS   Homeowners are more pessimistic about the short-term housing market, but now fewer than half the nation’s homeowners expect the value of their homes to go up in the next five years.   The […]

Tags: earnings, housing prices, Rasmussen
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: Krugman is right. Policy has been hijacked by ideology. It is as though we were eating our young. What do we expect them to do when they grow old enough to become part of the workforce? Poorly educated, broke, in debt from the day they were born, […]

Tags: bailout, borrower, disclosure, foreclosure, fraud, Lender Liability, mortgage meltdown, predatory lending, securitization
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM Editorial Comment: His bank reports a loss of over $10 billion when we know there is at least contingent liability for 100 times more than that, and Moynihan at Bank of America is getting paid MORE. I suppose it makes sense from a bean-counter perspective — for having dodged […]

Tags: Bank of America, Moynihan
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: For those of you who think the attack on Wall Street is a conspiracy of extremists, think about this: Bankers are making more and more money while the rest of the country suffers. And they started, before the latest round increases, at nose-bleed high levels. The entire […]

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SUBMITTED BY MARY COCHRANE Banking, & Insurance & Real Estate Frauds Substantive omissions of material facts during origiantion mask deceptive acts. Largest producer of non-conforming mortgage products (Originations & Servicing) sells discounted loans. Real Estate Industruy of the United States controlled by ‘private brand label’ Wells Fargo, who allows their valuable trade name to mask […]

Tags: bankruptcy, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, rescission, securitization
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SUBMITTED BY MARY COCHRANE This data is related to BOA and RECON….  Foothill Capital Corp CA, &  Norwest Corp (NORWEST) a bank holding corp laws of DE,  the Company will be a wholly owned subsidiary of Norwest. Amendment 2/1/95: Revolving Credit Agreement Foothill Capital Corp, CA Corp, subsidiary of The Foothill Group, […]

Tags: ASB Bank, BankWest, BOA, Colonial First State Investments, Colonial First State Investments Limited, Commonwealth Bank of Australia, Commonwealth Securities and Comminsure, CONDOR, Fleet Bank, FOOTHILLS, Goldenbanks of CO, Lloyds Bank, Long-Term Credit Bank of Japan, MDG Capital Corporation, Midland Bank, NatWest, NORWEST, Osaka banks, RECONSTRUST, UBS Asset Management (New York) Inc., Wellls Fargo & Co/MN [fka Norwest Corp], Wells Fargo, Wells Fargo Capital VIII VII VI IX, Wells Fargo Financial Inc., WF Deferred Comp Holding, WFC Holdings Corp
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submitted by MARY COCHRANE Wells Fargo & Co. ‘a private label tradename’ purchased 11/2/98. Foothill & Norwest & UBS … do business using ‘private label brand’ and all of the existing agreements and former registrations stayed open. Already in business in 1994/1996 with Lehman Brothers, Structured Asset Securities Corp, Bear Stearns, former Wells Fargo, Norwest, […]

Tags: BEAR STEARNS, BOA, Chase Manhattan Mortgage Corp, Condo, Dennis Ascher, Deutsche Bank Securities, Foothill Capital Corp, former Wells Fargo, GMAC- RFC, Jeffrey Nikora, John Nickoll, Lehman Brothers, NORWEST, Structured Asset Securities Corp, Wells Fargo
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: FLOYD NORRIS OF THE NY TIMES HAS WRITTEN WHAT I WAS THINKING. The question is whether we will learn from the incidents and be very aggressive in dismantling a system that poses this kind of risk. We have always heard anti-regulators say the same thing: crying wolf […]

Tags: bailout, bankruptcy, disclosure, Federal reserve, foreclosure defense, fraud, Lender Liability, mortgage meltdown, predatory lending, regulation, rescission, securitization
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: That we have ANY housing starts is nearly preposterous considering the number of homes that are unoccupied — mostly because the banks don’t want to report on the financial outcome of selling them. In truth, the banks are taking these homes with “credit bids” which is to […]

Tags: economy, foreclosure defense, foreclosure offense, fraud, HOUSING STARTS, rescission, securitization
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM conformedcomplaint “They focused on short-term gains to increase their own compensation, with reckless disregard for WaMu’s long-term safety and soundness,” the agency said in the 63-page complaint. “The F.D.I.C. brings this complaint to hold these highly paid senior executives, who were chiefly responsible for WaMu’s higher-risk home lending program, […]

Tags: administrative action, BURDEN OF PROOF, Chase, David C. Schneider, disclosure, F.D.I.C., foreclosure defense, foreclosure offense, fraud, Kerry K. Killinger, predatory lending, prima facie case, rescission, securitization, Stephen J. Rotella, WAMU, Washington Mutual
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