Archive for 'Uncategorized' Category
Many questions are coming after yesterday’s post. The main point is that there is no paper trail because nobody wanted it. Up at the top of the “securitization chain” fabricated by the securitization documents, nobody was checking loans at the level of actually looking at the loan documents, so they never asked for the loan […]
“Since the claimant, Citibank, has not established that it is the owner of the promissory note secured by the trust deed, Citibank is unable to assert a claim for payment in this case.” Thus, any foreclosing party which is not the original lender which purports to claim payment due under the note and the right […]
False and Misleading Offering Documents Detailed in Class Action Lawsuit Against Countrywide Financial Cohen Milstein Files Amended Consolidated Complaint in Case Involving $350 Billion of Mortgage-Backed Securities WASHINGTON, July 15 /PRNewswire/ — Cohen Milstein Sellers & Toll PLLC filed an Amended Consolidated Class Action Complaint this week in its landmark litigation against Countrywide Financial Corporation […]
If you can find cases in which Wells Fargo claimed to be “a California Corporation” or any other state like “a Missouri Corporation” write in immediately with the case number and jurisdiction. If you have the pleading it will be even better. Send to ngarfield@msn.com with attachments
Oregon Joins Lawsuit Against Countrywide Chris Lehman | July 14, 2010 | Salem, OR Share Discuss download // // Oregon is joining a class action lawsuit against mortgage lender, Countrywide. The suit alleges Countrywide duped investors into buying securities backed by on home loans that were riskier than Countrywide represented. The investors included the Oregon Public […]
I7.13.10N RE CITIGROUP INC
Well you have to give credit to Sheila Baer> She gets it. Here she is going after the IndyMac executives for making loans to developers that they knew would not be repaid. It is the first time that an important agency has recognized the link between the malfeasance of the originating lenders, the securitization intermediaries […]
A reader asked about a post I had written a long time ago about property insurance. Her question relates to the realities of today’s marketplace. First, she wants to get her premium down because the home is not worth the amount of the policy limits. So she wants to go to her insurance agent and […]
The bank transferred mortgage-backed securities to a trading partner with the idea of receiving different securities later and classifying the deals as sales, the Wall Street Journal reported yesterday. The securities the bank received were similar to those it got rid of, meaning the transactions can’t be considered sales, the newspaper said. Bank of America […]
Please send pleadings motions and order to ngarfield@msn.com NEVADA case law. Joseph Brown, Plaintiff vs. Wells Fargo Bank. Plaintiff Brown wins a temporary injunction against mortgage giant Wells Fargo. Also, defendants Motion to Dismiss was denied. The case is bound over for trial.
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