While I was doing a CONSULT for someone, a reminder popped up on my computer screen relating to a statement sent under the letterhead of “Shellpoint.” Since securitization is a game of musical labels, the name “Shellpoint” seems especially appropriate. And knowing the culture of investment banking (having been an investment banker), it is likely […]

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Let me first state that in 16 years of public appearances, presentations at CLE seminars for litigators and bankruptcy lawyers, thousands of articles published in 26 countries, and thousands of cases litigated in court, there has been only icy silence from Wall Street as to my criticism of the financial system, the political system, and […]

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A lot of people contact me asking for an expert report. Most have no education, training, knowledge, or experience in using the testimony or report of a witness claimed to be an expert. The problem is compounded by the inability of the homeowner, or the lawyer for the homeowner, to do what every trial lawyer […]

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In reviewing thousands of cases personally and reviewing the work done by dozens of other forensic reviewers, I have not found a single instance in any homeowner transaction where, at the time of the claim, the implied loan account was either alleged to exist or did exist. The entire case always rests upon legal arument […]

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The problem here is the lack of information that is provided to victims of fraudulent foreclosure. You are perfectly correct that no economic or financial loss is attributed to a loss of value or a loss posted to an unpaid loan account. * There are two problems. * One is that if you examine the […]

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“We all know that the loans were securitized. I mean, that is well established.” That entire statement is wrong even if it is repeated ad nauseum and the homeowners and lawyers who accept the idea that parts of it might not be true are generally successful (65%) in court. The execution of a document is […]

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contrary to popular belief, if the foreclosure is allowed, no trust, no beneficiary, no certificate holder, and no trustee or servicer is ever going to see the money proceeds from the liquidation of the property.  I received a chat question from a reader with whom I frequently converse. I’m being foreclosed by US Bank the […]

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This quote is incorrect: “The judges have a duty to see this and turn a blind eye.” Judges have no duty to see anything other than what is in the court record. They also have no duty to inquire. The fact that they might do so in one case or another does not create a […]

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Ocwen is the parent company, and PHH is said to be a subsidiary and subservicer in charge of underperforming or nonperforming accounts. Those who read these pages know that I have taken the position, successfully in many court cases, that Ocwen is not doing anything, and neither is PHH. They are fronts for third-party FINTECH […]

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The absence of an unpaid loan account on the books and records of the alleged “successor lender” is all you need to defeat the foreclosure, and that is also sufficient to tee up the case for a lawsuit for wrongful foreclosure. About 1/3 of inquiries made to my office at least mention forgeries. Yes, they […]

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