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Interlocutory appeals are appeals during the litigation. They are successful if the points in dispute are clearly presented and the case is made that the ruling is likely to shorten the litigation time or prevent unfair burdens from falling on the movant. They should be used sparingly, at most. But in my opinion they should […]
Deutsche Bank National Trust Company is a sham conduit earning other Deutsche entities (real ones) $ millions in fees paid for the mere use of its name. Contrary to the definition of a limited purpose trust company, Deutsche performs no services, maintains no inventory, and owns nothing. Be careful to distinguish it from other Deutsche […]
As a lonely voice in the wind I have been saying with only a few other analysts, that we never recovered from the 2008 recession and that the stock market indexes have been used to hide that fact. The Dow Jones Industrial Average is NOT an indication of our true economic status or growth. It […]
If you take anything that the said by the foreclosure mill seriously or even the named trustee of a supposedly REMIC trust, you are going down a rabbit hole. Here is my response in one such case. Step by step: Bank of America is successor to the underwriters of the certificates that were sold to […]
Thursdays LIVE! Click in to the WEST COAST Neil Garfield Show with Charles Marshall and Bill Paatalo Or call in at (347) 850-1260, 6pm Eastern Thursdays David Luban of Georgetown University Law Center wrote an interesting article re the structure of Contrived Ignorance — involving complex business arrangements of all sorts — where in step one the party […]
Warren has an almost supernatural ability to identify problems before anyone else, and to work relentlessly to solve them. https://www.nytimes.com/2020/02/27/opinion/elizabeth-warren-2020.html?smid=nytcore-ios-share Back in 2006 when I first became alarmed about the debt crisis and its impending global impact, there were a few people who were ahead of me. One was Elizabeth Warren who at the time […]
Why is everyone using your name in foreclosures? A client who is pursuing an action against Bank of New York Mellon is properly refusing to admit or acknowledge that a trust exists and even if it does whether the trust has ever owned the debt — because without the debt a conveyance of an interest […]
This is how you determine if anyone owns loans: Does the named entity actually legally exist? Is it registered anywhere? Has the entity received a facially valid conveyance of ownership of the mortgage or beneficial interest? Did the conveyance (assignment) also assign the debt? Did the entity enter into a transaction in which it paid value […]
Attend 2/26 9:30am CFPB Symposium: This is your chance to find out what is going on in Washington DC
FOR IMMEDIATE RELEASE: February 20, 2020 MEDIA CONTACT: Office of Communications Tel: (202) 435-7170 CFPB TO HOST SYMPOSIUM ON FEBRUARY 26 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (Bureau) announced today that it will hold a symposium on Consumer Access to Financial Records and Section 1033 of the Dodd-Frank Act on February 26, 2020 at 9:30 […]
See U.S. Supreme Court ruling in Ritzen Group, Inc. v. Jackson Masonry, L.L.C., 2020 WL 201023 (U.S. Jan. 14, 2020) I think this latest ruling means that for homeowners who win that motion the foreclosure mill is stuck unless they successfully appeal within 14 days. It also means that if the ruling is to lift […]
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