Archive for 'Eviction' Category
“The rule also addresses a recurring problem in servicing: the obligation for servicers to continue funding payments missed by borrowers. Under most current servicing agreements, this obligation has the effect of accelerating foreclosures as servicers seek to recover these payments by selling the home. Our new rule strictly limits advances to just three payments unless […]
SEE ALSO The Third Rail — Validity of the Loans, Notes and Mortgages COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary If you’re looking for an analogy for the current mortgage crisis, look at the salad oil scandal, where the tanks were empty and the business model was simply fraud. The only difference, at […]
Are Trusts on the Hook for Mortgage Mess? Published: Thursday, 14 Oct 2010 | 1:45 PM ET By: Diana Olick CNBC Real Estate Reporter Digg Buzz Facebook Twitter More Share Repres Will there soon be a flood of investor lawsuits filed against trusts? We’ve talked a lot about the robosigning scandal with respect to […]
Bank of America Re-Remics Cut Mortgage Debt as Basel Rules Loom By Miles Weiss and David Mildenberg – Oct 14, 2010 8:38 AM MT Thu Oct 14 15:38:50 GMT 2010 Bank of America Corp., seeking to reduce risk and meet new capital standards, upgraded billions of dollars of distressed mortgage bonds by repackaging them into […]
Florida Case dismissed – Faulty Affidavit – Indy Mac COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary ——————————————————————— By Jonathan Weil – Oct 13, 2010 9:01 PM ET Jonathan Weil http://www.bloomberg.com/news/2010-10-14/foreclosure-fiasco-s-trail-leads-to-washington-jonathan-weil.html What were banking regulators doing while some of the biggest U.S. lenders routinely filed false foreclosure documents in local courthouses around the […]
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S NOTE; THE FOCUS CONTINUES TO BE IMPROPERLY DIRECTED TOWARD SPEED RATHER THAN ACCURACY. COMPLETELY ABSENT IS A REPORT OF DUE DILIGENCE, THE AUTHOR OF THE REPORT, THE SIGNATURE OF SOMEONE, AND THE A COPY OF THE REPORT SO THE REPORT CAN BE CHALLENGED IF […]
THE TORRENS SYSTEM…GOV’T GUARANTEED TITLE Posted on October 13, 2010 by Foreclosureblues POSTED BY ARCHIE 1954 The US foreclosure debacle will freeze the real estate industry. No one especially the title companies will insure the title to any home that is in foreclosure , might be or has been. Without that insurance no lender will risk […]
OLYMPIA, Wash. — Washington state Attorney General Rob McKenna Wednesday asked all mortgage trustees in the state to immediately stop what he called questionable foreclosures. The attorney general’s office has received at least a dozen complaints and investigations have revealed that many foreclosure trustees are not following the law, McKenna said. Investigators have found faulty […]
Wells Fargo Settles State AG Investigations Into “Risky Mortgages” Made By Acquired Lenders Posted on October 7, 2010 by Fred Rivera Email This Print Comments Trackbacks Share Link October 7, 2010 – The New York Times reports that Wells Fargo agreed to pay $24 million to resolve investigations by eight state attorneys general into whether lenders […]
Go to YouTubePlay video Link From: http://www.newzzcafe.com/ 00:02:32 Added on 10/13/10 312 views Self help Returns! I think they are right and my bet is that there will be a lot more cases like this one. Little reported because the people wanted to stay under the radar, this has occurred already in thousands of cases. […]
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