Of the number of people who "purchased" a loan product leading up to the mortgage meltdown- most were refi's on refi's. At one point it was reported that MERS had data on 80 million mortgages --- but that includes mortgages that were paid off by sale, refi etc. At last count the number of people who were displaced by foreclosure…[...]

Continue Reading

Posted in Uncategorized |

It's always best to start at the beginning. All REMIC Trusts appear to be written up as common law trusts permitted under the laws of the State of New York or the State of Delaware. The problem with the REMIC Trusts is that they are not common law trusts nor trusts of any kind. Consider the definitions available. Based upon…[...]

Continue Reading

Posted in Uncategorized |

Message of the day to homeowners and their lawyers: "stop admitting things that you assume are true. By admitting those facts you are hanging your client or yourself. Even the client is apt to say "Yes that is my signature on the note" when it has been described by opposing counsel as the original.   In most cases the document might…[...]

Continue Reading

Posted in Uncategorized |

Editor's Note:  S.2155 is known in Washington as the Crapo bill.  A fitting name.  Even Georgetown Law professor and former CFPB adviser Adam Levitin in a blog post warns the dangers of further bank deregulation.  This bill functionally exempts 85% of US banks and credit unions from fair lending laws in the mortgage market By David Dayen/The Intercept https://theintercept.com/2018/03/02/crapo-instead-of-taking-on-gun-control-democrats-are-teaming-with-republicans-for-a-stealth-attack-on-wall-street-reform/ In…[...]

Continue Reading

Tags: Citibank, DAVID DAYEN, the intercept, Wall Street
Posted in Uncategorized |

First a little background.  On February 6, 2018 a California federal judge certified a nationwide class of borrowers accusing Countrywide Financial Corporation of using inflated real estate appraisals to inflate its loan origination business from 2003 to 2008, overturning successor Bank of America's claims that borrowers won’t be able to back up their racketeering claims with  proof. The class-action covers…[...]

Continue Reading

Tags: appraisal fraud, Bank of America, class action, countrywide, Landsafe
Posted in Uncategorized |

The Yvanova string of cases in California are based upon some vague notion of whether a void assignment (e.g., past the cutoff date) could be ratified by the trust, trustee or trust beneficiaries. Firstly, the trust can only operate through a trustee. That is black letter law in every state. In REMIC Trusts the Trustee has no such power. If…[...]

Continue Reading

Posted in Uncategorized |

As Bill Paatalo (who brought this to my attention) says: "You can't make this s--t up." Reality is much stranger than fiction. This marks the point where we have entered the Twilight Zone in law where the rule of law is just a guidepost not to be confused with the real rule of men. Sheila Bair  was forced out of the…[...]

Continue Reading

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

Posted by Bill Paatalo on Mar 4, 2018 https://bpinvestigativeagency.com/foia-request-reveals-servicers-justification-for-fraud-in-obtaining-limited-power-of-attorney-from-fdic/  See: FDIC FOIA Response – IndyMac LPOA Servicer Request 2017 This FOIA response from the FDIC dated June 29, 2017 contains a request to renew CIT Bank, N.A.’s “Limited Power of Attorney” from the FDIC regarding the failed IndyMac Bank, fsb and IndyMac Federal Bank, fsb. The “Justification” for CIT Bank’s request…[...]

Continue Reading

Tags: assignments, cit bank, FDIC, investigator bill paatalo, Power of Attorney
Posted in Uncategorized |

Thanks to Investigator Bill Paatalo for bringing this class action to our attention. ATTENTION! IF YOU WERE WRONGLY DENIED OR DELAYED FOR MODIFICATION OF YOUR MORTGAGE PAYMENTS, YOU MAY BE ENTITLED TO SUBSTANTIAL COMPENSATION. CONTACT US NOW TO RECEIVE A FREE EVALUATION. Background: The HAMP Program The U.S. Government launched the Home Affordable Modification Program (HAMP) as part of the…[...]

Continue Reading

Tags: bank of america class action, Modification Fraud, refinance fraud
Posted in foreclosure defenses, Uncategorized |

    [wpvideo tAJe0ntq] Listen to Investigator Bill Paaalo and Attorney Charles Marshall discuss Proodian v. JPMC Thank you to Investigator Bill Paatalo who is responsible for bringing the loan-level data information to our attention. By  TL Anderson See: Abstract - US Residential-Mortgage Transfer Systems - A Data Management Crisis Proodian-V-Chase-Order USBank ROG Response - NV - cannot acsertain amout…[...]

Continue Reading

Posted in Uncategorized |