ADAM LEVITIN: HOUSING MARKET IS TOO BIG TO FAIL
Nov 11, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Adam Levitin posts on www.creditslips.org EDITOR'S COMMENT: Adam Levitin has nailed it again. From politics to practicality to legality. The Multistate Foreclosure Settlement posted by Adam Levitin The New York Times came out with a strong editorial urging state AGs and the Administration not to rush into the…[...]
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THE PROMISSORY NOTES FROM BORROWERS ARE SECURITIES
Nov 11, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: Since the beginning, my experience on Wall Street, the underwriting of securities and the trading of securities, led me to believe that the documents issued at the closing with the borrower were part of a securities package. The issuer was nominally the borrower, but the real…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S COMMENT: Not sure if this is a new voice or just someone I missed. You should follow the blog entries of this author. The author strongly advises sending a Qualified Written Request before you send your request for a review. I agree with him or her. The…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE What is the name of the pool What is the EIN of the pool Who actually acts in the capacity of Trustee in that they report and/or distribute funds What IRS Form is used to send an end of year tax statement to investors in the pool? How…[...]
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Florida Duval County Clerk, Delaware AG Sue MERS
Nov 10, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE "“The MERS System is not a legal system of record or a replacement for public land records. No interests are transferred on the system—they are only tracked,” Smith, Merscorp vice president of corporate communications, wrote in a response to emailed questions. “MERS does not have or maintain any…[...]
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New York: 57 Years Left to Finish Foreclosures
Nov 10, 2011
MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Foreclosure sales are moving so slowly in half the states that at the current pace, it will take more than eight years on average to clear the 2.1 million homes in foreclosure or with seriously delinquent mortgages, new research shows. That's about twice as long as a year…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE MORALITY: TAKE CARE OF YOUR FAMILY OR TAKE CARE OF THE BANKS? "At moments during our house hunt, I felt in my gut that something wasn’t right. We’d go to open houses for $400,000 homes and see lines of couples in their late 20s — younger than we…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S COMMENT: The Times is finally getting it. They haven't gone all the way yet, but they are moving in the right direction. There are bumper stickers around saying "Honk if I'm paying your mortgage." Sounds crazy, doesn't it? But it raises the truth and reality of this…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE "Forgiving the debtors is the right thing to do, Greider continues, “because the bankers have already been forgiven. The largest banks were in effect relieved of any guilt for their crimes of systemic fraud or for causing the financial breakdown—when the government bailed them out, no questions asked.”…[...]
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE By Dale Wiley http://www.foreclosurelawllc.com So much of the discussion over the sites that cover the foreclosure crisis tends to focus on very large-picture issues. Is MERS legal? Can a foreclosure happen without the note? The discussion is so macro that it tends to overlook the obvious: We've got…[...]
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