Billions in Student Debt Could Disappear Because of Lost Paperwork The latest example of America's legal system being a total shitshow might actually help you out—if it doesn't screw you over first. In 2006, Pablo Ramirez took out a private loan to attend Westwood College, a now-shuttered for-profit diploma mill in Fort Worth, Texas. Eight years later, he got a…[...]

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Tags: DAVID DAYEN, student loans
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It comes as no surprise that a tiny subsidiary of  Quicken was getting kickbacks on appraisal fees and that the appraisals were "MAI" (Made As Instructed." This is one of the lynchpins of the illegal scheme. The higher appraisals got everybody excited about a housing boom that was a complete illusion. As soon as lending stopped the prices went back…[...]

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So here is an example of why you need to send a DVL (Debt Validation Letter). It turns out that mainstream media and the court system are much more willing to get into bank fraud as to students than they were when it came to homeowners. The facts are the same. "Somewhere along the line" the debt was severed from…[...]

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American jurisprudence is clearly still struggling with the fact that in most cases the forecloser either does not exist or does not have any interest in the loans they seek to enforce. In virtually all instances PennyMac is acting in the role of a sham conduit while allowing its name to be used as the front for a nonexistent lender.…[...]

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Tags: California Reconveyance Company, FDIC, Glaski, JPMorgan Chase, JPMorgan Chase Bank, judicial notice, Long Beach Mortgage Company, Office of Thrift Supervision, Pennymac, PennyMac Holdings, PennyMac Mortgage Investment Trust Holdings I, Washington Mutual Bank, Yvanova
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http://www.cnbc.com/2017/07/13/harvard-study-heres-how-many-americans-cant-afford-housing.html Ester Bloom Thursday, 13 Jul 2017 | 9:22 AM ET Harvard study: Almost 40 million Americans can't afford to pay for housing According to new research by Harvard University, almost 40 million Americans "live in housing they cannot afford." Homeownership has gone down and rental prices keep going up, meaning that millions of residents are forced to pay more…[...]

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By Jesse Hamilton July 14, 2017 https://www.bloomberg.com/news/articles/2017-07-14/treasury-is-said-to-seek-wall-street-input-on-overhauling-fsoc Lobbyists in private meeting call for weakening super-watchdog Trump has ordered Treasury report on rethinking risk panel A pedestrian walks past the Wall Street subway station near New York Stock Exchange. Photographer: Michael Nagle/Bloomberg The Trump administration is letting the financial industry make its case that a super regulator set up to prevent…[...]

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http://www.reuters.com/article/us-otc-pimco-idUSKBN19X2NV Alison Frankel (Reuters) - Several Pimco investment funds are accusing the mortgage-backed securities trustee Wells Fargo of misusing noteholder money to pay its own legal expenses. In a newly filed complaint in Manhattan State Supreme Court, the Pimco funds are asking for a declaratory judgment that Wells Fargo is not entitled to use MBS trust money to fund its defense…[...]

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Tags: MBS, Pimco Group, Wells Fargo
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JPM Chase CEO Jamie Morgan said today that, "we would have to get our act together, do what we're supposed to do to the average American" Do TO the average American?? What, like foreclose on homes JPM Chase can't demonstrate it owns except through the production of fabricated documents? During today's earnings call discussing JPM's Q2 beat, which however masked…[...]

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Tags: Jamie Dimo, JPMC
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THE ESSENCE OF A TRUST IS NOT THE TRUST DOCUMENT. THE ESSENCE IS THE EXISTENCE OF TRUST PROPERTY. Like legal standing, there must be some THING that is involved or the court has no jurisdiction. If you look up any source on the definition or elements of a legal trust, there is no "Trust" if no THING (property) has been…[...]

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Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Please see: FHFA RBS Settlement The settlements with the banks are a scam. Yesterday RBS settled with US authorities for skullduggery in the name of "so-called residential mortgage-backed securities."  They took in over $30 billion and only have to pay about…[...]

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Tags: FHFA RBS Settlement, MBS, RBS, settlement
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