Before the era of securitization, the only reason for making riskier loans was that the lender could charge a premium for borrowing --- a premium that would cover the higher cost associated with defaulting loans. Now the reason is that the higher the risk, the more the Investment Bank makes and the more the mortgage broker makes on yield spread premiums. And…[...]

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Tags: nonqualified loans. toxic loans, subprime loans, yield spread premium
Posted in Uncategorized |

Citing “capitalism” as a defense no assassin would be set free because he killed for money. Nobody in their right mind would accept a defense of capitalism for someone who robbed, poisoned, shot, stabbed, or stole from a person or company if the defense was “I did it for the money.” That’s not capitalism. It’s robbery, assault, murder or theft.…[...]

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Posted in Uncategorized |

Take a step back and then look at this situation from a wider perspective. * Understand that the real deal was the issuance of multiple levels of securities made possible by investors putting up money and borrowers signing their name. The investors did not understand they were creating an improper "yield spread premium" between what they were investing and the…[...]

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Posted in Uncategorized |

Thursdays LIVE! Click in to the Neil Garfield Show Tonight’s Show Hosted by Neil Garfield, Esq. Guests Russ Baldwin, Esq, and Bill Paatalo Call in at (347) 850-1260, 6pm Eastern Thursdays The ghosts and goblins of 2008 are still causing trouble. Some things don’t change and others do. As I have been reporting on my blog, there are several attorneys who have…[...]

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Posted in Uncategorized |

Claims under state statutes or Federal statutes have different periods of limitation under which you can file suit. BUT --- if the statutory duty that was breached is part of another claim that is not barred by the statute of limitations then you can survive a motion to dismiss or even an affirmative defense of statute of limitations. Sound crazy?…[...]

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Tags: public policy, recoupment, statute of limitations
Posted in Motions, Pleading |

The United States is experiencing the worst man-made economic disaster in all of human history — the misuse, abuse and overuse of financial products that are sold to consumers as debt. Since 2000, more than 20 million people have been wrongfully displaced from their homes by parties invoking foreclosure laws, millions more lost jobs, and millions more suffered loss of…[...]

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Posted in Uncategorized |

In using the registration form for a free preview some people are fat fingering their email address and/or name. This makes it impossible for me to respond. I am up to date as of this morning. If you have not received a response, please submit your registration form. . If you want to submit a new registration form CLICK HERE.[...]

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The bottom line is that Ocwen really serves only one primary purpose: to be a front for investment banks that are still taking everyone to the cleaners. It is effectively owned and operated by the investment banks. If the day comes when the lid on securitization gets blown off, Ocwen will be blamed and will most likely go out of…[...]

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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 Charles Marshall and Bill Paatalo return to break down even further the important win in a Florida case involving a US Bank LSF9 Trust. They also discuss and expand on how Fidelity Title is illegally circumventing recording…[...]

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see https://www.floridabar.org/the-florida-bar-journal/danger-will-robinson-the-new-frontier-of-remote-online-notarization-and-electronic-wills/ I knew this was planned. But frankly I didn't pay close attention. When the initial plans for electronic signatures were announced 10 years ago, we collectively convinced President Obama that the law as written made it too easy to fabricate documents and then have them be declared facially valid --- thus raising legal presumptions about the document and…[...]

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Posted in Corruption, discovery, evidence, Fabrication of documents, legal standing, Servicer |