Archive for 'securities fraud' Category
A majority of the questions asked on this blog boil down to “what do I do now?” While there are several emergency situations where the suggested steps must be taken out of order, I thought I would post the most common answer I give to people who are angry and ready to fight. Your situation […]
How to Find “Who Owns The Note” – Who has an “Insurable Interest” !!!! It is basic insurance law that in order to become named as a loss payee – that is, to get an insurance policy issued to you to indemnify you against loss – you have to have an “insurable interest.” MERS doesn’t […]
Editor’s Note: I am currently working on the issue of fiduciary duty, so I would appreciate receiving material from any of you that have submissions on the subject. There is an article in the Florida Bar Journal this month on this topic. “If a fiduciary has special skills or becomes a fiduciary on the basis […]
“That’s right. Issuers are essentially paying twice for flawed deals that bestowed great riches on the bankers and advisers who sold them. Taxpayers should be outraged, but to be angry you have to be informed — and few taxpayers may even know that the complicated arrangements exist.” Editor’s Note: At some point, it will become […]
More and more authorities are holding that in order for a claimant to prove itself to be the real party in interest to support a proof of claim or motion for relief from stay in bankruptcy, as well as to prove itself to be a holder in due course, they have to prove the entire […]
Doesn’t anyone see that if “financial services” accounts for 40% of our GDP that it means we are kidding ourselves? THAT only means we are trading from the left pocket into the right pocket into the back pocket and around again — and counting it as GDP. Our real GDP is far lower than anything […]
Option One Mortgage Corporation merely changed its name to Sand Canyon Corporation June 4, 2008. It is still registered as a California corporation. American Home Mortgage Servicing is a Delaware corporation located in Irving, Texas which merely services the loans. Wells Fargo is the Trustee of the pool of Option One Mortgage Loan Trust etc.
Maybe the fact that it came from Goldman will motivate some people to take a second look at where we are on health care. Goldman likes the two biggest health insurance companies because it says profits are going up due to lack of competition and lack of regulation. Like the foreclosure mess, the fact that […]
You Just Can’t Hide It: Until the market and the judiciary gets real about these mortgages, foreclosures will continue to skyrocket, people will walk away from their homes, and the demand for alternative housing needs will skyrocket as well — which might be the underlying reason why nobody wants to do principal reduction and solve […]
The following is an excerpt from a 10-K/A SEC Filing, filed by GSR MORTGAGE LOAN TRUST 2006-8F on 7/1/2008. Next Section Next Section Previous Section Previous Section http://sec.edgar-online.com/gsr-mortgage-loan-trust-2006-8f/10-ka-amended-annual-report/2008/07/01/section31.aspx EX-33 (c) Restated Report on Assessment Regarding Compliance with Applicable Servicing Criteria 1. Avelo Mortgage, LLC (the “Servicer”) is responsible for assessing compliance, as of December 31, […]
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