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Concealed information may still be available. An increasing number of people have showed me that they did receive documents that were responsive to their requests from a government agency — VA, Fannie Mae, Freddie Mac, Sallie Mae etc. Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. THIS ARTICLE IS NOT A […]
By David Dayen May 2, 2017 http://www.thefiscaltimes.com/Columns/2017/05/02/How-Congress-Could-Make-Steve-Bannon-s-Wildest-Dream-Come-True Beyond the competing sets of spin about the success or failure of Donald Trump’s first hundred days, even the most committed liberal partisan can admit that he has allowed corporate America to run wild. A regulatory freeze on day one delayed every final rule awaiting its effective date. […]
Redefining The Middle Class: It Isn’t What You Earn & Owe, It’s What You Own That Matters Authored by Charles Hugh-Smith via OfTwoMinds blog, No wonder the “middle class” has lost political power – it has lost the economic power of the ownership of productive assets. Longtime correspondent Mark G. observed that the key phrase […]
Former Morgan Stanley banker once dumped “shitbag” CDOs on clients Craig S. Phillips, a former top executive on Morgan Stanley’s trading desk, is the man Donald Trump put in charge of reviewing Wall Street rules. Stefan Falke/laif/Redux By Matt Taibbi In early 2007, a group of Morgan Stanley bankers bundled a group of subprime mortgage […]
Homeowners start preparing your Fannie and Freddie FOIA requests. A brief window to submit your request may occur prior to the GSEs being privatized again. Last week H.R. 1694 passed in the House of Representatives. This bill will make Fannie Mae and Freddie Mac subject to the requirements of the Freedom of Information Act, which […]
Author: Aly J. Yale http://www.themreport.com/daily-dose/05-01-2017/mnuchin-gses-wont-stay-long Fannie Mae and Freddie Mac should prepare for change—and sooner rather than later. According to Steven Mnuchin, the Trump administration won’t keep the status quo for long. Mnuchin discussed the GSEs and housing reform in general as part of an interview with reporter Maria Bartiromo on Fox Business’ “Mornings […]
From Garfield’s Guide to Foreclosure Litigation Copyright 2017 GTC Honors, Inc. and Neil F Garfield, publication date TBA =================== We start with derivatives because that is the origin of the mortgage crisis. An understanding of derivatives and how they were used in the marketplace is the key to understanding how to litigate on behalf of […]
Author: Seth Welborn http://www.themreport.com/daily-dose/05-01-2017/cities-may-sue-banks-revenue-lost-foreclosure In a 5-3 decision on Monday, the U.S. Supreme Court determined that cities can sue banks over lost tax revenue on foreclosed properties from urban blight. Law360 reported that Miami has the standing to sue Bank of America Corp. and Wells Fargo & Co. under the Fair Housing Act, stating that […]
The banks are once again caught in a double dipping scheme which could be multiple dipping if they entered into multiple insurance contracts for the same loan or group of loans. They are making a profit on the foreclosure (and most likely only if there is a foreclosure) PLUS the windfall of getting a free […]
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