Most homeowners will continue to ignore such pronouncements that fail to give relevant examples. Most lawyers are too lazy or presumptive to research the issue and seek advice from experts who actually are competent to comment on investment banking applied to the loan market. But since the implied unpaid loan account does not exist and the designated party as claimant…[...]

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Hat tip to Elle She raises probably the most important problem confronting homeowners in conflict with pretender lenders. "what if the witness is clearly lying, but it is affecting the judgment of the presiding judge?" The procedural answer is that even if it is clear to you and the rest of the courtroom, once the judge says the light was…[...]

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Under the category of "WAIT! WHAT? The Securities and Exchange Commission's (SEC) renewed proposal to prohibit conflicts of interest in securitizations is critically flawed and would impose significant impediments to the ongoing functioning of the assetbacked securities market, industry advocates said recently. Seee https://asreport.americanbanker.com/news/damage-to-financial-markets-and-economy-feared-from-secs-abs-proposal It is astonishing that anyone could say that with a straight face. The fact is that…[...]

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Hat tip to summer chic. I might add a hat tip to some State and Federal agencies that are waking up and trimming the edges around the false claims implied to support the remedy of foreclosure. Things are changing -- and before the banks manage to use their influence in state and federal legislatures, homeowners would be doing themselves and…[...]

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The basic premise is that the debt is NEVER discharged. It is only the ability of the owner of the underlying debt to enforce that debt that is discharged. Thus the owner of a lien may still enforce the lien after BKR discharge. The only exception would be a finding in Bankruptcy court that the claim is not secured by…[...]

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I frequently get provocative letters explaining to me that the entire system is corrupt and that it is futile to contest actions undertaken by the mega banks or their intermediaries. In turn, these letters frequently go out to others and become the norm in exchanges of information between uninformed people. These letters are getting increasingly frequent as I zero in…[...]

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Digging Into a $344 Billion Investing Mystery Preposterous claims in private investment offerings illustrate an important point about red-hot ‘Reg D’ securities: No one is checking to see if the details in these filings are even remotely true Read in The Wall Street Journal: https://apple.news/AgZkHAedTT3uDltWufgHMSg Periodically, I warn lawyers, homeowners, and forensic auditors not to fall into the trap set by…[...]

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If the party named as claimant or Plaintiff or Beneficiary did not own any unpaid debt and said party, therefore, suffered no economic injury by and through any action or inaction of the defendant or homeowner, then despite the appearance of default, no legal default has occurred even upon declaration of such by a disinterested third party. 1916 article on collateral attacks. See…[...]

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There is an old expression that the more flack you are getting, the closer you are to the target. The banks are getting nervous ---- finally. Their response has been hiring several unqualified independent contractors to post negative remarks about me or my blog or services. This has resulted in many of my readers prompting me to post a defensive…[...]

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From the disclosure statement by Altisource. See https://www.marketscreener.com/quote/stock/ALTISOURCE-PORTFOLIO-SOLU-5506020/news/ALTISOURCE-PORTFOLIO-SOLUTIONS-S-A-MANAGEMENT-S-DISCUSSION-AND-ANALYSIS-OF-FINANCIAL-CONDITION-AND-43381543/   Ocwen Related Matters During the year ended December 31, 2022, Ocwen was our largest customer, accounting for 41% of our total revenue. Additionally, 6% of our revenue for the year ended December 31, 2022 was earned on the loan portfolios serviced by Ocwen, when a party other than Ocwen or the…[...]

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