COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: The piece below is a cut and paste from the FNMA site without any editing. The latest round of finger pointing has put Fannie and Freddie in the path raising even more obstacles to identifying the creditor, and the holder of any right […]

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Leslie F. Seidman Chairman, FASB EDITOR’S COMMENT: You probably don’t know the name Seidman, much less  Leslie Seidman. But back in the 1960’s when the accounting rules were first being changed (causing Briloff to write the book Unaccountable Accounting), the Seidman accounting firm was one of the few who understood the significance and moral hazard […]

Tags: FASB, gaap, Leslie Seidman, Seidman
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary ALL HANDS ON DECK!!!! According to the Florida Bar News, they are now working on a CLE course that will be 3.5-4.0 credits without charge, and JUDGES and LAWYERS are going to be encouraged to attend. Terry Hill is the director of the Bar’s Programs […]

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REUTERS: MBIA wins key ruling in Bank of America case STATISTICAL SAMPLING APPROVED AS EVIDENCE FOR WHOLE CASE Two states sue Bank of America on mortgage servicing Fri, Dec 17 2010 UPDATE 4-Two states sue Bank of America on mortgage servicing Fri, Dec 17 2010 UPDATE 2-U.S. SEC expands mortgage probe – sources Fri, Dec […]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Message from sender: YES, VIRGINIA, THERE IS AN INSANITY CLAUSE! EDITOR’S NOTE: The sender is from Harvard University. Here is a clear example of Wall Street money at work on the state level getting legislators to trash their state in exchange for money, gifts and […]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary N.Y. State passes increase in homestead exemption for individuals Daily Record (Rochester, NY), Sep 14, 2005 by Daily Record Staff For the first time since 1977, the State of New York has updated the homestead exemption for individuals who are filing bankruptcy. A provision to […]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: While this “revelation” may stun some people, others will see it merely as confirmation of what they knew all along. A fraudulent scheme of this dimension couldn’t have been achieved without the cooperation and active complicity of lots of people whose job it […]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary The chief economist at S&P, echoing the same conclusions by virtually all experts, now places the timing of the bottom of the housing market as “sometimes” in 2011. My opinion is the same as it was before — they are being too optimistic and applying […]

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Posted in bubble, Corruption, Eviction, securities fraud |

READ THE ARTICLE AT PROPUBLICA EDITOR’S COMMENT: TALK ABOUT TRADING ON INSIDE INFORMATION! They all knew and were basically paid to make sure they kept quiet and to maintain the illusion of a liquid market. So tell me now how the investment bankers didn’t realize that loan underwriting standards were being swept under the rug. […]

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