Archive for 'Uncategorized' Category
May 19, 2010

There’s more than one way to attack the prima facie case though—here’s a good example of a nice result from attacking the assignment… This NY decision lays out the legal reasoning for dismissing cases for problematic assignments: Decided on April 19, 2010 Supreme Court, Kings County The Bank of New York, as trustee for the […]

May 18, 2010

According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly Editors’ Note: With Bear Stearns “underwater” it is difficult to come up with scenario where there won’t be criminal charges brought against the bankers […]

May 17, 2010

EDITOR’S NOTES: BASICALLY IT IS ABOUT MONEY: Investment Banks make more money as long as the loans are non performing All the other intermediaries make more money while the loans are non-performing The details of securitization as a scheme to defraud investors and borrowers are kept under wraps Insurance is only paid on loans that […]

May 16, 2010

Submitted by O. Max Gardner O. Max Gardner III Gardner & Gardner PLLC PO Box 1000 Shelby NC 28151-1000 704.418.2628 (C) 704.487.0616 (O) 888.870.1647 (F) 704.475.0407 (S) maxgardner@maxgardner.com www.maxgardnerlaw.com www.maxbankruptcybootcamp.com Next Boot Camp:  May 20 to May 24, 2010 The Florida Times-Union May 14, 2010 Florida AG investigating ‘bogus’ foreclosure records Source URL: http://jacksonville.com/news/florida/2010-05-14/story/state-investigating-bogus%E2%80%99-foreclosure-records By […]

May 16, 2010

May 14, 2010 Regulators Close Four Banks By THE ASSOCIATED PRESS WASHINGTON (AP) — Regulators on Friday shut down the Midwest Bank and Trust Company in Elmwood Park, Ill., as well as three smaller banks in Georgia, Michigan and Missouri to bring the number of bank failures this year to 72. The Federal Deposit Insurance […]

May 15, 2010

Submitted by a reader from an unknown source — might be Dr. Housing Bubble, which is another Blog Housing never really improved – 10 charts showing the United States housing market is entering the second wave of problems. 1 out of 4 people with no mortgage payment in the last year are still not in […]

May 11, 2010

APPRAISAL FRAUD IS THE ACT OF GIVING A RATING OR VALUE TO A HOME THAT IS WRONG — AND THE APPRAISER KNOWS IT IS WRONG. This can’t be performed in a vacuum because there are so many players who are involved. They ALL must be complicit in the deceit leading to the homeowner signing on […]

May 6, 2010

Judge Holloway clearly took some giant steps forward in both clearly explaining the application of law with respect to standing. But I think she was comparing apples and oranges when she came to the conclusion that she should not impose restrictions on the right to foreclose that were “greater than” those imposed by state law. […]

May 3, 2010

Taipan Daily: The Greatest Ponzi Scheme Ever by Adam Lass, Senior Editor, WaveStrength Options Weekly Over the past few days, Justice has written of the horrifying frauds that have been perpetrated on the U.S. public of late. He’s done a wonderful job exposing the grimy details of Goldman Sachs’ glorified three-card Monte con, wherein they […]

May 2, 2010

BMcDonald kickthemallout.com bruce@kickthemallout.com 66.243.194.229 2010Most of us are trying to get the info from the banks, which they will not do unless forced. Well, now many of us can walk right in through the back door. FOIA requests! I fought for 7 months to get the bank to cough up the info and it only […]