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Understanding the Financial Industry Through Linguistics: How Applied Linguistics Can Prevent Financial Crisis by Richard C. Robinson and John Doukas I recommend the above book. Like the ancient Greek philosophers, I believe in first defining our terms before entering a discussion. I have consistently reported that so-called REMIC Trusts are neither REMICS nor trusts. The question has […]
From Wikipedia, here is a description of some of the activities surrounding the collapse of LTCM (Long-Term Capital Management in 1998: At the beginning of 1998, the firm had equity of $4.7 billion and had borrowed over $124.5 billion with assets of around $129 billion, for a debt-to-equity ratio of over 25 to 1.[17] It had off-balance sheet derivative positions […]
A REMIC trust is an acronym for Real Estate Mortgage Investment Trust. The problem, as we shall see here in this article, is that no such entity exists in most cases. That, in turn completely undermines claims by the lawyer representing the foreclosure mill, the claims asserted allegedly on behalf of the so-called REMIC TRUSTEE, […]
I will generally not be available for communications or work on Monday, Wednesday or Friday starting at 1:30PM until November of 2022 when I complete cardiac rehab. Sincerely, Neil Garfield
Based upon 16 years of research, an investigation by our company, an investigation by third-party forensic analysts, and an investigation by law enforcement and law markets (see 50 state settlement, for example), it is legally, factually, and axiomatically true that lawyers who initiate foreclosure actions are most likely doing so without the benefit of a […]
The securitization scheme invented back in early 1970,s and gradually introduced into the lending marketplace starting in 1983, is so complex, convoluted, and misleading that it is easy to miss the focus of the plan and, therefore easy to miss the opportunities presented to homeowners and other consumers when they challenge claims. Summer Chic asked […]
I recommend against raising an issue that you cannot prove. Specifically, the allegation that there are false claims of securitization of debt broadens the litigation beyond that which the judge is likely to consider. Further it probably requires an allegation of fraud which increases your burden of proof to clear and convincing from the normal […]
As foreclosure filings and threats spike, so too will the number of fraudulent offerings that guarantee you an outcome, require upfront payment or worse — ask you to deed the property to the kindly person who has “all the answers.” Nobody has all the answers, and nobody can guarantee anything regarding foreclosures, modifications, or settlements. […]
I have been saying for years that the continuation of current securitization practices will result in another crash similar to 2008, although perhaps not quite severe. A key indicator is the number of pretender lenders that file for bankruptcy. It is spiking as you can see from the article contained in the link below. see […]
Ponzi schemes work because of the continuing success of the tactical big lie — i.e., nobody would tell a lie that big because it would discovered and therefore it must be true. The big lie became deadly on Wall Street when it moved a deformed securitization tactic into the lending marketplace, claiming that loan accounts […]
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