MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE I read and analyze everyday and the one thing that is becoming evident is that there are two streams of reporting on the wrongful foreclosures --- the one that the Banks write and get published in places like Business Week (see below) and the ones that are written…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: Put BOA on the endangered species list. The regulators entered into secret "MOU" in May, 2009 where the Bank was put on notice that it was operating without sufficient capital and that its management was not meeting standards of the industry. With the upcoming slew of…[...]
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BOA FILES FORECLOSURE — ON HOUSE THAT DOESN'T EXIST
Nov 22, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: Their business is foreclosures. Anything that is capable of being foreclosed gets the treatment. Even a home destroyed by a hurricane. One of the interesting parts of this is that the Bank also put insurance on the home that was previously destroyed by hurricane Ike. What…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE "Mortgage guarantors such as MGIC Investment Corp., Radian Group Inc., and American International Group Inc.’s United Guaranty have been voiding policies for errors including inflated appraisals or borrower incomes." EDITOR'S NOTE: DOUBLE STANDARD: The insurers are dropping coverage because the mortgage was a sham. The appraisal was faked…[...]
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STRATEGIC DEFAULT IS NO MORAL DILEMMA FOR THE RICH
Nov 21, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “The stigma around default has really changed and people are starting to see it for what it is – a business transaction with the bank.” PEOPLE WITH MONEY WANT TO KEEP IT; WALKING AWAY FROM BAD INVESTMENT FROM YAHOO REAL ESTATE PROVIDED BY FORBES Victoria Gotti, the reality…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE http://www.businessweek.com/news/2011-11-21/steven-j-baum-pc-new-york-foreclosure-firm-to-shut-down.html Nov. 21 (Bloomberg) -- Steven J. Baum PC, one of the largest law firms specializing in home foreclosures in New York state, is shutting down after losing business from Fannie Mae and Freddie Mac. The Baum firm notified government entities, including the New York State Department of…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Just because I publish someone's article doesn't mean that I agree with everything ---- or anything in it. The way I see my mission is to get ideas out there and maybe spawn some practical strategies that will work, whether they involve "legal" documentation or not. Yes, there…[...]
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9TH CIRCUIT: MERS and ReconTrust act to usurp Appellant’s property without lawful authority”
Nov 21, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FROM THE BRIEFS: "MERS Cannot be and in fact is not the beneficiary of the DOT. There is no named beneficiary in the SOT and ANY and ALL beneficiaries must be named in the SOT. Therefore the SOT (and consequently the NTS) is seriously defective and void as…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: WHAT ON EARTH WAS WORTH $1.6 MILLION TO FREDDIE MAC AND HOW MUCH DID HE GET FROM FANNIE AND THE BANKS? The only possible answer is that they paid him to lobby for the Banks and against the interests of the Country and its people. And…[...]
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HOUSING DEATH SPIRAL ON THE MIND OF EVERY ECONOMIST
Nov 20, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE KCMBLOG.COM one-thing-that-still-concerns-us One Thing That Still Concerns Us There is no doubt that the housing market is stumbling to a recovery. This past week Lawrence Yun, NAR’s chief economist, predicted a 4% increase in sales next year. Last month, Celia Chen of Moody’s Analytics projected sales to increase…[...]
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