Archive for 'Eviction' Category
If you have access to Bloomberg professional or other such service here is the list of items we might want on any one occasion. Obviously once we have it we don’t need to do it again for the same series of certificates. Wish list would be documents we could lift, paste, print and use in […]
Countrywide Sued by Fund Over $8.4 Billion Loan Deal (Update1) greenwich-investor-complaint-against-countrywide-describing-securitization-in-simple-terms Excellent Article by Mr. Mortgage: Mortgage Security Holder Stands up to Bofa By Patricia Hurtado Dec. 1 (Bloomberg) — Countrywide Financial Corp., the home lender acquired by Bank of America Corp., was sued by Greenwich Financial Services Fund over claims an agreement to reduce […]
Home mortgage disclosure act data available The Office of Financial and Insurance Regulation (OFIR) announced that the 2007 data compiled under the Federal Home Mortgage Disclosure Act are available from the Federal Financial Institutions Examination Council (FFIEC). The data covers mortgage lending transactions throughout the nation at 8,610 financial institutions covered by the Home Mortgage […]
From Mario Kenny — see comments posted to blog As we have stated repeatedly, the logistics were simple: (a) inflate the value of the mortgage backed securities with fraudulently obtained Triple AAA Ratings and (b) inflating the value of the home with fraudulent and negligent use of false comparable and ignoring time factors. The economics […]
AP IMPACT: US diluted loan rules before crash – Gov’t rejected tougher mortgage rules in 2005 WASHINGTON – The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the […]
NATION’S HOUSING Civil rights complaint targets Wall Street rating firms Moody’s and Fitch’s high ratings of subprime mortgage bonds disproportionately harmed black and Latino home buyers, the National Community Reinvestment Coalition alleges. By Kenneth R. Harney November 30, 2008 In what is apparently the first legal action of its kind, an association of community-based organizations […]
As we have repeatedly said publicly and privately, the securitization process extended throughout the credit world. Hardly anything was not packaged in some securitized zone. Thus most assumptions about the liability on such debt are wrong as to whether there is any outstanding balance, who owns the loan, etc. Of particular interest is the student […]
From a new commentator on our pages: I just glanced at a few posts and have to wonder if folks are aware of the typical loan closing process that was in place in CA the last several years. Usually a mobile notary would be dispatched to a borrower’s location with two stacks of loan documents […]
From the FAQ Page: COMMENT: I contacted one attorney on your list and had a consult with another firm which is not part of your list but has been referenced quite a few times in the blogs. I have a problem with both and find them a bit predatory (sorry guys and gals) and quite […]
Current Trends in Residential Mortgage Litigation BYLINE: Daniel A. Edelman*; *DANIEL A. EDELMAN is the founding partner of Edelman & Combs, of Chicago, Illinois, a firm that represents injured consumers in actions against banks, mortgage companies, finance companies, insurance companies, and automobile dealers. Mr. Edelman or his firm represented the consumer in a number of […]
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