Archive for 'Eviction' Category
the originator remained your “lender” for all legal purposes including TILA/RESPA. But, these originators are “dead” – so who is the lender for TILA/RESPA?? – not the Trust and not the security investors, not the servicer, and certainly not the Trustee – all according to the Federal Reserve Interim Opinion on May 2009 TILA Amendment […]
You can expect to see these arguments in court. Commentary on Transfers of Mortgage Loans to RMBS Securitization Trusts October 18, 2010 There is a tremendous amount of public commentary these days about possible defects in foreclosure proceedings commenced by loan servicers. Much of this discussion concerns procedural matters, such as whether the appropriate steps are being […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Reports are streaming in from all over the country that some offices are filing volumes of wrongful foreclosure or quiet title actions on homes that were previously “sold” at auction on a “credit bid” that was as fraudulent as the foreclosure action that preceded the […]
By YVES SMITH, NY Times Opinion 10-31.10 “The trap has closed — and unless the mortgage finance industry agrees to a sensible way out of it, the entire economy will be the victim.” “uncertainty in turn puts a cloud over the value of mortgage-backed securities, which are the biggest asset class in the world.“ “the […]
by B. Davies FROM NATIONAL NORTGAGE NEWS: GREAT ARTICLES FROM MY NEW FREE SUBSCRIPTION—– DRUM ROLLS—–>>>>AFRAID AND READY FOR JAIL– http://www.scribd.com/doc/40441867/Servicing-Fraud-Another-Black-Eye http://www.scribd.com/doc/40441783/Foreclosure-Affidavit-Moves-Spur-Some-Ratings-Reviews-at-Wells-IndyMac http://www.scribd.com/doc/40441728/Fannie-Will-Hold-Servicers-Responsible-for-Robo-Gate-REO-Losses http://www.scribd.com/doc/40441672/Lenders-Turning-Their-Backs-on-MERS-Going-Back-to-Paper
Not surprisingly, the prospect of an alliance between Ms. Warren’s new bureau and a handful of activist attorneys general gives the banking industry the heebie-jeebies. At a panel at the Chamber of Commerce this week, Andrew Pincus, a lawyer with Mayer Brown, articulated their voluminous concerns. Today, that same coalition of state prosecutors is the […]
Editor’s Note: While the banking industry have made it “illegal” for a homeowner to have a relative buy the home at foreclosure auction and then give it back to their son or daughter, there are many games at play in the auction. And don’t forget there are no auction police around. They have to figure […]
Kentucky Judge requires proof of chain of title and ownership. 2010/10/30 at 9:16 am http://www.scribd.com/doc/40489838/Kentucky-Order-FORECLOSING-ENTITY-MUST-SHOW-CHAIN-OF-TITLE-AND-ASSIGNMENTS KENTUCKY JUDGE ORDER PROPER DOCUMENTS BE IN PLACE TO FORECLOSURE—FROM GLENN A. COMMONWEALTH OF KENTUCKY KENTON CIRCUIT COURT GENERAL ORDER Pursuant to CR 8.01(1) and CR 17.01, plaintiff in foreclosure complaints filed in Kenton County, Kentucky, must show that it […]
Letter from Insurance Industry [1] On September 2, 2010 Bank of America was warned about their liability in shady securitizations, mortgages and foreclosures. The letter states directly that some 50% of all loans including HELOCS “qualify for repurchase by BOA in the securitizations insured by them.” It estimates liability of at least $10-$20 Billion just […]
EDITOR’S COMMENT: In a recent article I said that Wall Street no longer provides capital, it consumes it. The earnings reports are a resounding corroboration of the simple fact that big business and big banking is thriving. Those businesses that simply issue new securities and trade them, those companies that buy and sell old companies […]
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