Everyone is reporting balance sheets with assets that derive their value on one single false premise: that the trusts that issued the original mortgage bonds owned the loans. They didn't. SUPPORT LIVINGLIES! Get a consult! 202-838-6345 https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments.  ======================== This article is not a substitute for an opinion and advice from competent legal counsel…[...]

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Tags: foreclosure offense, HOLDER, holder in due course, loan contract, mortgage backed securities, RE-REMIC, REMIC, securitization
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The DOJ continues to participate in this PR scheme to keep people from asking — “if everything was so illegal at the top of this food chain, why are we treating the bottom of the food chain as presumptively legal?” THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER. —————-…[...]

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It's time to sit up and take notice. Judges are turning the corner and getting pretty angry about what passed before as evidence. In April this order seemed like a shot in the dark. But now, we are seeing more and more judges actually study the chain of alleged transactions relied upon those who seek forced sale of a residence.…[...]

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Tags: Article 3 UCC, Assignment and Transaction, boarding process, consent order, HSBC, Kathleen Cully, Ocwen
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http://www.reuters.com/article/idUSFit973331   The following statement was released by the rating agency) NEW YORK, September 15 (Fitch) Ocwen Loan Servicing's (Ocwen) loan modification activity has roughly doubled beginning in July due to the implementation of the Streamline HAMP program, according to Fitch Ratings. Ocwen expects modification activity to remain elevated for several months as a result of the program. Ocwen expects…[...]

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Tags: ocwen fitch hamp
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http://www.standard.net/Business/2016/09/15/The-reason-the-Lehman-moment-still-is-with-us Barry Ritholtz Sept. 15 is the eighth anniversary of the Lehman Brothers bankruptcy. Not enough time has passed yet for me to recall those anxious days without getting angry.  Sen. Elizabeth Warren, D-Massachusetts, has used the occasion of this anniversary to suggest the next administration should “investigate and jail” those Wall Street bankers who committed crimes. Although I doubt…[...]

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Tags: Barry Ritholtz, Lehman Brothers, mortgage fraud
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As I have been writing and talking about the forced judicial sales, my opinion has always been that in most cases there is an absence of evidence that the party making the credit bid was in fact the creditor thus entitled to make a "credit bid" at the auction. The credit bid is an allowance for the creditor to bid…[...]

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Tags: beneficiary under deed of trust, cash bid, credit bid, deedof trust, foreclosure defense, fraud, securitization, Substitution of Trustee, wrongful foreclosure
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[caption id="attachment_40889" align="alignnone" width="300"] By David Dayen at the Intercept[/caption] https://theintercept.com/2016/09/15/elizabeth-warren-asks-newly-chatty-fbi-director-to-explain-why-doj-didnt-prosecute-banksters/ Like a lot of other Americans, Sen. Elizabeth Warren wants to know why the Department of Justice hasn’t criminally prosecuted any of the major players responsible for the 2008 financial crisis. On Thursday, Warren released two highly provocative letters demanding some explanations. One is to DOJ Inspector General Michael Horowitz,…[...]

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Tags: DAVID DAYEN, Elizabeth Warren, FBI Bank Fraud, the intercept
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[caption id="attachment_35460" align="alignnone" width="300"] The JPMorgan Paper Chase[/caption] Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays   Connecticut attorney Stephen Wright and Investigator Bill Paatalo join Neil Garfield to discuss JPMorgan Chase issues. The WaMu/FDIC/Chase pattern where JPMorgan Chase claims sole ownership of specific Washington Mutual Bank loans by…[...]

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Based on the totality of the circumstances, the Court concludes that CashCall, not Western Sky, was the true lender. CashCall, and not Western Sky, placed its money at risk. It is undisputed that CashCall deposited enough money into a reserve account to fund two days of loans, calculated on the previous month’s daily average and that Western Sky used this…[...]

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Tags: borrower, CashCall, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, INDIVIDUALY LIABILITY OF OFFICERS OF LENDERS, PREDOMINANT INTEREST, securitization, single transaction, step transaction, substance over form, true lender, usury
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By Rob Blackwell and Ian McKendry September 13, 2016 WASHINGTON — In this political environment, it was always going to be a challenge for bankers to win much-sought structural reforms to the Consumer Financial Protection Bureau. But the revelation that thousands of Wells Fargo employees committed what amounted to bank fraud just put the final nail in the coffin for the effort…[...]

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