Editor's Note: In this industry article, Nationwide Title Clearing, Inc. insinuates that a bank should obtain a chain of title report before assigning a note to ensure that the manufactured paperwork creates the appearance of a clear chain of title. Although the article doesn't mention exactly how to cure any chain of title issues, it would appear NTC is recommending…[...]
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http://money.visualcapitalist.com/31-fascinating-facts-on-the-early-history-of-the-u-s-dollar/[...]
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Excellent find from website 4closurefraud.com. See: http://4closurefraud.org/2017/05/12/mers-assignment-fail-mortgage-electronic-registration-sidesteps-inc/ MERS Assignment Fail: Mortgage Electronic Registration Sidesteps, Inc. MERS Assignment Fail: Mortgage Electronic Registration Sidesteps, Inc. Over the years we have seen various Assignment Fails such as BOGUS and BAD BENE. Some even had effective dates as 09/09/9999, while others had forged signatures or were put together by someone with very…[...]
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http://www.zerohedge.com/news/2017-05-18/corzine-tries-launch-hedge-fund-3rd-time-trade-trump-crash The full NYT interview with Corzine can be found here. Shortly after Jon Corzine not only destroyed MF Global but "vaporized" $1.6 billion in supposedly segregated client funds which were illegally commingled with operating cash, Jon Corzine had a brief encounter with the legal system including several kangaroo court sessions in Congress, which ultimately led to absolutely nothing for…[...]
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http://www.richardmbowen.com/the-ethics-merry-go-round/ The McCuistion program, which airs in Dallas/Fort Worth on PBS station KERA, recently re-aired its program, Ethics and Transparency as Antidotes to Financial Fraud. Host Dennis McCuistion asked the guests what ethics and the lack of transparency may have done to contribute to the 2008 financial crisis? One of his guests, Marianne Jennings, J.D.: Professor Emeritus Arizona State University…[...]
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Call in at (347) 850-1260, 6pm Eastern Thursdays Thursdays LIVE! Click in to the The Neil Garfield Show Robelto v USBank Trust - LSF8 - Florida 4th DCA. This episode is entitled "Foreclosure Autopsy". Neil Garfield will show you how to analyze a case and plan your strategy in confronting the banks in the context of claims of securitization…[...]
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Editor's Note: If you have been in foreclosure Zillow will often wrongfully list your home as foreclosed even if the home has not been sold. It might be a good idea to check. We have many clients who have tried and failed to have Zillow remove the inaccurate information. Since realtors and appraisers use Zillow to assess home values, a…[...]
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After dismal housing starts and permits data yesterday, the 'housing recovery' narrative took another knock this morning as mortgage applications tumbled 4.1% last week - the biggest drop since December 2016. If the Fed raises rates in June- there will be a further contraction. While mortgage rates were unchanged, both purchases and refis fell notably... Purchases down 2.7% after rising…[...]
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A sluggish mortgage-bond market could be jump-started by a new service that allows investors to short home loans. Skeptics say the rise of derivatives on credit-risk transfer notes sold by Fannie Mae and Freddie Mac has echoes of the 2008 credit crisis, when the market plunged under the weight of collapsing subprime securities. Fannie and Freddie – the biggest guarantors of U.S. home…[...]
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After four months of leaving the benchmark interest rate for standard mortgage modifications (not including HAMP mods) at an 18-month high, Fannie Mae and Freddie Mac recently announced that they are cutting the benchmark rate. Back in January, Fannie and Freddie increased the standard mortgage modification benchmark rate from 3.875% to 4.25%. That level is the highest the benchmark rate has been…[...]
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