Archive for 'Eviction' Category
Nov 24, 2010

Bank of America may discover that it has millions of loans on its books that it thought it had transferred to trusts that issued mortgage backed securities, because 96% of Countrywide loans were ostensibly securitized. As the Congressional Oversight Panel explained, that outcome alone could cause massive damage to a bank’s balance sheet. And as […]

Nov 23, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “When you rob the bank you pay for the crime. When you ARE the Bank, you still do the time.” It’s good that Dylan is highlighting the mortgage mess. He had Matt Weidner on yesterday who did his best in answering a bad question. Ratigan […]

Nov 23, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Submitted by Brian Davies Countrywide and Bank of America published case. This could be an IMPORTANT development. It could mean proof that the securitized trusts were routinely NEVER consummated. That would mean Countrywide-cum-BOA legal actions being taken in the name of their securitized trusts lack […]

Nov 23, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary ROBO-SIGNING REVEALS ROBO-APPROVALS OF LOANS “The inability of the borrower to repay was a known fact. The willingness to give him the money came from the securitization scheme (fraud) that induced investors to advance money for “quality” mortgage pools, combined with the fact that those […]

Nov 23, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary submitted by Tony Editor’s Note: One of the things that struck me about this submission was that only a year ago it would have been unlikely for any but the bravest to try this analysis and now it is getting commonplace. The fundamental facts and […]

Nov 23, 2010

Senate, House Hearings on Foreclosure Fraud Cast Doubt on Deadbeat Borrower Meme On Thursday, the housing subcommittee of the House Financial Services Committee held hearings on robo signing, documentation, and servicing issues. This session wasa companion to the Senate Banking Committee hearings on the same topic earlier in the week. There were some notable differences […]

Nov 22, 2010

EDITOR’S NOTE: It’s worse than Martin thinks. If my information is correct, virtually all the RMBS derivatives and mortgage bonds are fatally defective (they can’t be fixed). The nominal value of that exceeds all the real money in the world by a factor of two. A lot of them cancel each other out, but the […]

Nov 22, 2010

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG EDITOR’S NOTE: ALL LAWYERS and ALL LITIGANTS should study these documents — all of them. Reyes is the guy in charge of asset acquisition, a fancy name for being in charge of the “trustee” functions of Deutsch Bank for securitized pools. Interesting […]

Nov 22, 2010

Editor’s Comment: Take a look at Paul Krugman’s column this morning in the NY Times. He starts off quoting Sen. Alan Simpson happily proclaiming the coming of a “bloodbath.” Look at the comments on this blog regarding civil disobedience, and the anger at government, banks and business. Look anywhere you want, and you will see […]

Nov 22, 2010

By Ari Haruni|Nov 19, 2010, 4:25 PM|Author’s Website FBN’s Charlie Gasparino reports that Financial Crisis Inquiry Commission (FCIC) Chairman Phil Angelides has delayed the report “due out in December until the next year” so that the bipartisan commission can take a closer look “at this new issue of mortgage foreclosure fraud.” Here are the key […]