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Face to Face With Polished Wall Street Psychopathy Posted on June 25, 2010 by Foreclosureblues Editor’s Note…Now here is something you won’t see in the mainstream media. http://foreclosureblues.wordpress.com/ Tom Adams: Face to Face With Polished Wall Street Psychopathy (SEC Says that ICP Stole from My Old Company Edition) Today, June 25, 2010, 8 hours ago […]
by Jacob Goldstein 3-signs-housing-s-getting-weaker?sc=nl&cc=pmb-20100622 After bottoming out in the first half of ’09, the housing market made something of a comeback late last year. The comeback was stoked in part by public subsidies for the housing market. Now, key pieces of those subsidies are winding down — namely, the Fed’s purchase of more than $1 […]
“We’re a little in the Wild West here,” said Paul Leonard, California office director of the Center for Responsible Lending. “People are struggling with what it means to uphold the terms of your mortgage contract and what it means to walk away. There are no tried and true rules.” June 21, 2010 Battles in California […]
when two hedge funds run by the now-defunct Bear Stearns investment bank were in trouble, ICP agreed to buy $1.3 billion in bonds from the Bear funds. ICP did not have the money to accept the bonds immediately, so it agreed to accept them later on behalf of Triaxx C.D.O.’s. ICP was supposed to obtain […]
Submitted by Ann: Article by Matt Weidner, Esq. Florida Attorney 2010/06/21 at 10:49 pm US BANK AS TRUSTEE CAN’T FORECLOSE From http://www.mattweidnerlaw.com/blog Judge Vacates Final Judgment and Sale- Foreclosure Courts are Courts of Equity! We’ve all seen it and it happens too often…Borrower is in a formal modification with the lender or servicer or has […]
2009-ohio-2650 Chase Bank Loses Bid to foreclose Based Upon chain of Title Upon review, Chase’s arguments are meritless. Although Chase’s status as a bona fide mortgagee could perhaps have saved it from an unknown encumbrance on the title, in this case, the mortgagor and former executor, Shirley Smith, never had valid title to the subject […]
First they started with servicers bringing foreclosures, and that didn’t work. Then they tried MERS to bring foreclosures, and that didn’t work. Then they tried backdated, fabricated and forged documents from non-existent originators with signatures from phantom people as “limited signing officer” or “assistant vice president” and that is going down the drain. Now they […]
6 13 10investors-suing-chase-includes-list-of-mortgage-backed-securities-various-originators-like-new-century-wamu-wells-fargo-resmae-greenpoint-coun As Weidner points out, these cases are well worth your time in research. With their minions of lawyers, they have more information that is industry specific than you can accumulate or absorb. Investors are aligning themselves with the interests of the borrowers. Here they are attacking the false representations of underwriting standards, […]
The Foreclosing Plaintiffs Created The Crisis Through Fraud and Crimes At The Highest Levels Today, June 19, 2010, 2 hours ago | Matthew D. Weidner, Esq. The foreclosure crisis that continues to grip our courts in 2010 and that will only get worse in years to come all began in 2005, 2006, 2007, when the […]
submitted by Abby 2010/06/17 at 2:25 pm FROM CALIFORNIA ATTY. GENERAL BROWN re: short sales News Release June 17, 2010 For Immediate Release Contact: (510) 622-4500 Contact: Christine Gasparac or Evan Westrup, (510) 622-4500 Christine.Gasparac@doj.ca.gov or Evan.Westrup@doj.ca.gov Print Version Brown Issues Warning about Rise of Short Sale Fraud LOS ANGELES – Attorney General Edmund G. […]
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