Former Morgan Stanley banker once dumped "shitbag" CDOs on clients Craig S. Phillips, a former top executive on Morgan Stanley's trading desk, is the man Donald Trump put in charge of reviewing Wall Street rules. Stefan Falke/laif/Redux By Matt Taibbi In early 2007, a group of Morgan Stanley bankers bundled a group of subprime mortgage instruments into a package they…[...]
Continue Reading
Continue Reading
Homeowners start preparing your Fannie and Freddie FOIA requests. A brief window to submit your request may occur prior to the GSEs being privatized again. Last week H.R. 1694 passed in the House of Representatives. This bill will make Fannie Mae and Freddie Mac subject to the requirements of the Freedom of Information Act, which would make their records available…[...]
Continue Reading
Continue Reading
Mnuchin Confirms the Controversy On Fox News, Treasury Secretary Steve Mnuchin stated that President Obama engineered the Net Worth Sweep (NWS) in 2012 to divert funds from Fannie Mae and Freddie Mac to pay for Obamacare. “It is true,” Mnuchin said when asked if Fannie and Freddie profits were used to fund ACA subsidies. According to Mnuchin, the Obama administration…[...]Continue Reading
Author: Aly J. Yale http://www.themreport.com/daily-dose/05-01-2017/mnuchin-gses-wont-stay-long Fannie Mae and Freddie Mac should prepare for change—and sooner rather than later. According to Steven Mnuchin, the Trump administration won’t keep the status quo for long. Mnuchin discussed the GSEs and housing reform in general as part of an interview with reporter Maria Bartiromo on Fox Business’ “Mornings with Maria” on Monday. Though…[...]
Continue Reading
Continue Reading
From Garfield's Guide to Foreclosure Litigation Copyright 2017 GTC Honors, Inc. and Neil F Garfield, publication date TBA =================== We start with derivatives because that is the origin of the mortgage crisis. An understanding of derivatives and how they were used in the marketplace is the key to understanding how to litigate on behalf of of victims of wrongful foreclosure.…[...]
Continue Reading
Continue Reading
Author: Seth Welborn http://www.themreport.com/daily-dose/05-01-2017/cities-may-sue-banks-revenue-lost-foreclosure In a 5-3 decision on Monday, the U.S. Supreme Court determined that cities can sue banks over lost tax revenue on foreclosed properties from urban blight. Law360 reported that Miami has the standing to sue Bank of America Corp. and Wells Fargo & Co. under the Fair Housing Act, stating that the banks’ discriminatory and predatory…[...]
Continue Reading
Continue Reading
The banks are once again caught in a double dipping scheme which could be multiple dipping if they entered into multiple insurance contracts for the same loan or group of loans. They are making a profit on the foreclosure (and most likely only if there is a foreclosure) PLUS the windfall of getting a free house. Get a consult! 202-838-6345…[...]
Continue Reading
Continue Reading
To Appeal or not to Appeal: That is the Question. In this episode California Attorney Charles Marshall discusses the pros and cons of filing an appeal. [audio mp3="https://livinglies.me/wp-content/uploads/2017/05/neilgarfield_2017_04_27_attorney-charles-marshall-when-to-appeal-and-not-appeal-a-lawsuit.mp3"][/audio] Skip to 2:05 to bypass advertising and introduction. Trial courts are not perfect institutions. They can and do make serious mistakes. And sometimes, trial courts are faced with unsettled areas of law,…[...]
Continue Reading
Continue Reading
The Securities and Exchange Commission calls itself the whistle-blower’s advocate. But one participant in the agency’s lauded whistle-blower program isn’t so sure. He is Michael J. Lutz, an accounting specialist who raised his hand in early 2013 when he was at Radian Group, the giant mortgage insurer. At the time, Radian was still weathering the subprime crisis; it had insured…[...]
Continue Reading
Continue Reading
Florida Attorney Mark Stopa: The party seeking foreclosure must demonstrate that it has standing to foreclose.
Apr 28, 2017
Walsh v. Bank of New York Mellon Trust: No Standing, No Foreclosure Editor’s Note: Mark Stopa, a highly skilled foreclosure defense attorney based in Tampa, Florida, handled this case. We also recommend his foreclosure blog at www.stayinmyhome.com. Case: Patrick Walsh and Catherine Walsh v. Bank of New York Mellon Trust, et al.Court: Florida Fifth District Court of AppealCitation: Case No.…[...]Continue Reading
Search Our Blog
Categories
Contact Our National Headquarters Phone: 844-583-5339
Connect with us
Contact Our National Headquarters
- 844-583-5339
- Available 24/7
-
200 S. Andrews Ave. Ste. 604
Ft. Lauderdale, FL 33301