Several people have greeted the latest news with a yawn. It's about the 5th Circuit Court of Appeals opining that the CFPB funding was contrary to the required constitutional separation of powers --- and, therefore, could not legally do anything. Most readers seem to think that there is no help coming from the Federal government and that the burden of…[...]

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Stop thinking that you know all about finance, law and lending. If you assume that you know absolutely nothing and that you want to know absolutely everything, you will get better terms in a transaction and a much higher likelihood of winning in litigation. (1) you want someone, anyone who will attest to the fact that they are the owner…[...]

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Some people have discovered that in the settlements that have been published, the major financial institutions and the governments of various states have agreed to programs in which monetary relief was granted to the states, but not the homeowners to any material degree. The recognition that false documents were being used to make claims of administration, collection, and enforcement of…[...]

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The latest decision striking the funding of the CFPB is a perfect example of that impact. The fifth circuit Court of Appeal has made circular logic into an art form. * Congress passed the statutory authority and charter for the CFPB to act. Congress passed the statutory authority for the CFPB to be funded up to a certain amount and…[...]

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The only beef I have with the article cited in the link below is that it fails to ask, "why?" Why were fabricated documents needed at all? Why was MERS needed at all? Why were "servicers" needed at all? The rise of "servicers" only occurred within a specific period in a very specific sector of the marketplace.  And they performed…[...]

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The simple answer is because they are robbing you blind. And you are blind because they are hiding behind multiple layers of curtains. * see https://wallstreetonparade.com/2022/10/casino-banking-wall-street-mega-banks-traded-more-in-their-federally-insured-bank-than-the-total-for-their-bank-holding-company/ * The article in the above-referenced link says that regulators need to pull their heads out of the sand. The obvious problem is that legislators and regulators are prospective employees of the originators of…[...]

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In the palace of smoke and mirrors that is securitization, everyone is allowed to say they understand the infrastructure even though hardly anyone has the education, training, information, and experience to know anything about it. Even most investment bankers do not grasp the enormity of this scheme which was part straight fraud and part PONZO scheme. soon after the "Mortgage…[...]

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Tags: bac home loans, Bank of America, Countrywide Financial Corp, Red Oak Merger Corp.
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The simplest way to get a new document into evidence at trial is to list it on the pretrial catalogue and include a copy of it when serving the homeowner or counsel for the homeowner.  * I have seen this ploy used hundreds of times and it usually works because the document is listed as something that the homeowner believes…[...]

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Homeowners should be willing to go toe to toe with their tormentors --- foreclosure mills acting on behalf of investment banks and companies pretending to be servicers. You need not believe that there is no loan account; you just need to act like that is true and you will probably achieve a satisfactory result. This is only fair. Your opposition…[...]

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Bottom Line: Homeowners and their lawyers should immediately question whether the company on the letterhead sent anything, knows anything, or did anything. Those who follow this strategy are likely to prevail at least 65% of the time. * People are asking me why I am splitting hairs about the testimony of the robowitness who appears at trial. It is because…[...]

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