From what I have deduced from the information that has been reported, together with private conversations with attorneys from the Darkside, it appears that the structure or infrastructure that produces legal services for the origination and foreclosure of transactions with homeowners is as complex and ornate as anything else in the securitization infrastructure. * The foreclosure mill appears to be…[...]

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One of the stupid issues is that we know there is a mental health epidemic fueled by loneliness, terror and anger. Yet somehow, the media seems surprised or even outraged that our politics consists mostly of yelling at each other as if that ever changed anyone's mind or it ever produced anything of value. We know such behavior, hate rituals,…[...]

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The NY legislature is reponding to the decision  referenced below with a proposed "new law" that returns us to where we always were on the statute of limitations. If you can't bring a foreclosure action within 6 years, forget it. see "Bill would protect homeowners from endless foreclosure cases" --- https://www.nydailynews.com/opinion/ny-edit-mortgage-lenders-banks-legislation-nys-senate-assembly-hochul-bill-20221213-bx5jxakd65cmjpmo5l5v74b5x4-story.html Under the rubric of "the homeowner MUST owe the…[...]

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If you go into any bank looking to initiate a transaction with them, there is not a single exception that you will find anywhere with respect to general customs and practices in the banking industry – including investment banking. They will first want you to identify yourself with specificity so that your identification could be corroborated through third parties –…[...]

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Relief for students will not be seriously addressed, as long as policymakers and lawmakers are listening to Wall Street. Wall Street has a vested interest in maintaining securitization infrastructures and perceives any reduction or elimination of debt as a destruction of their carefully conceived plan and execution of a fake securitization scheme that evolved over four decades. Relief won't happen,…[...]

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Hat tip for Scott Staffne, Esq. for uploading an "Outline of Oral Argument Re Motion for Sanctions." First, I commend the preparation, which is notoriously absent from most homeowner arguments and motions. In addition, both Homeowners proceeding pro se and frequently their attorneys are completely unprepared to raise objections to hearsay, business records, judicial notice, leading questions, and the absence…[...]

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The 50-state settlement and other settlements with the players in the financial markets did far more to elevate an illegal scheme than stop it.  In the struggle to make ends meet day to day and week to week, consumers are unable to keep up with the macroeconomic facts and even find it difficult to keep up with their own finances.…[...]

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As I have repeatedly reported, Wall Street's control over certain media outlets has consistently downplayed the number of foreclosures initiated against homeowners. We see far more articles saying foreclosures are low than anything warning about the flood that is happening. At the same time, the real data shows spikes everywhere. Wall Street has succeeded at lulling lawmakers and law enforcement…[...]

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So for those who report to me that they have already sent a QWR, DVL or demand letter, let me say that unless you are an experienced litigator who has received the latest education in connection with the preparation of such letters, you should seek and obtain advice and assistance from a licensed professional. Here, for example, is the partial…[...]

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People make a spectacular fatal error when they assume that anyone with whom they are corresponding, paying or calling is the slightest bit interested in preserving the integrity of a loan account. For the investment banks, this is not about loans. It is all about selling securities and then stealing homes.  The successful outcome to them is the house because…[...]

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