MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT I was speaking with a pharmacist last night who was questioning me about my contention that appraisal fraud was the root cause and vehicle of the deception that is called securitization. By now most people understand that there was something wrong with securitization but they don't really understand…[...]
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BANKS DONATING FORECLOSED PROPERTIES TO CHARITY
Jan 9, 2012
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR'S COMMENT: Thousands of homes are involved. Tens of thousands of lives disrupted or destroyed by the process of foreclosure that was at minimum, questionable. And what did the banks do with their ill-gotten gains? They either abandoned the homes because they were done with it and didn't…[...]
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR'S COMMENT: The lie is that if the mega Banks fail, so will the country. The Truth is that we have over 7,000 other Financial Institutions that can pick up the pieces and deliver banking services for a fraction of the cost now charged to customers. Here is…[...]
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SEE FULL ARTICLE ON HUFFINGTON POST by Jillian Berman More than four years into the housing crisis, and after millions of Americans have lost their homes, Federal Reserve Chairman Ben Bernanke is finally taking a stand. Bernanke sent a Federal Reserve paper to the leaders of the House…[...]
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Bank Auditor Whacked with Fine — But Not Enough
Jan 8, 2012
MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR'S COMMENT: Besides the ratings agencies, the main backstop against the fraud that was allowed to mushroom into a colossal meltdown were the auditors who simply didn't do their jobs. If the MBS market for too difficult for them to understand, then neither the ratings agency nor the…[...]
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT "I can tell you I wrote the rules. ... I know what they say," Gibbons said. "You're supposed to produce these documents and prove ownership here. You can't just blow off (that) certification means nothing. It means a lot. It means that these people who sign these documents…[...]
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR'S NOTE: The fraud is that they lied about the quality and legal status of the mortgages, as well as the quantity of the mortgages. They lied about what investors were getting. Prove that and you get two for the price of one. Because when that is proven…[...]
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR'S COMMENT: It's no secret. Homeowners who have been willing to take on the banks have been staying in their homes for years without making payments. They do it with letters and legal challenges of all sorts that make it difficult if not impossible for the Bank to…[...]
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT SEE FULL ARTICLE ON MORTGAGENEWSDAILY.COM The OCC is rolling out its first public service announcements to alert consumers about the Independent Foreclosure Review announced by it, the Fed, and the OTS in early November. The campaign follows the distribution of over 4 million letters to potentially eligible borrowers which…[...]
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MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT INVESTORS COMING OUT OF THE SHADOWS: BANKS' WORST NIGHTMARE EDITOR'S ANALYSIS: For those who have followed this Blog for any length of time, this news will come as no surprise. Ultimately, the proof and the relief sought by homeowners will come from investors who demand answers to what…[...]
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