COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary WALL STREET: THE UNTOUCHABLES Representative Stephen Lynch, Democrat of Massachusetts, warned: “You think regulation is costly? How about the $7 trillion we just lost from not regulating the derivatives markets.” EDITOR'S NOTE: Our institutions are compromised with moral hazard every way you turn. The FDA, running mostly on money from…[...]

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Tags: collateralized debt obligations, derivatives, regulation, SEC, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

As most any lawyer in foreclosure defense will tell you, most judges are ruling in the middle, so the case is not over and the case can't go forward either. This buys them time on the incendiary subject of foreclosures, most of which look like they were blatant corruption of the title systems in all 50 states. The way they…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

http://azleg.granicus.com/MediaPlayer.php?view_id=13&clip_id=8276 SB1259 Testimony starts at 34:30 Senator Michele Reagan comments start at 35:35 Wendy Briggs (Lobbyist for Arizona Bankers Association) comments start at 38:20 William Hultman (Senior Vice President of MERS Inc.) comments starts at 44:20 Lee Miller (Lobbyist for Arizona Trustee Association) comments start at 53:50 Darrell Blomberg (Self) comments start at 58:50 Bev Hall (Self) comments start at…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary STATUS OF 50% OF ALL MORTGAGES NOW QUESTIONABLE BLOOMBERG: U.S. Bankruptcy Judge Robert E. Grossman in Central Islip, New York, in a decision he said he knew would have a “significant impact,” wrote that the membership rules of the company’s Mortgage Electronic Registration Systems, or MERS, don’t make it an…[...]

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Tags: agency, MERS, MERS Commercial
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary The question has been asked by so many readers that I figured I would give them my answer on the subject in an article. The first reason why the pretender lenders won't help you unless you are delinquent or in default on your payments is pure math: the longer you…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Housing Crash Is Hitting Cities Once Thought to Be Stable Few believed the housing market here would ever collapse. Now they wonder if it will ever stop slumping. The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress to communities once thought to be immune — economically diversified cities where the boom…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Blow the Whistle! blowthewhistle On December 22nd, in the face of seemingly unanimous bipartisan support, the Whistleblower Protection Enhancement Act (Bill S.372) was killed at the last minute when a mystery Senator placed what’s called an anonymous hold on the bill. This bill had already been passed by the Senate earlier in December and by the House earlier that same day, but…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

I know this is going to get more than a few people mad at me. But here are some rules of thumb to detect when you have been approached by someone with a "solution" to your mortgage problem, when in fact, at best they are mistaken and at worst, they are scam operators: GUARANTEES: If the service involves anything more…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE: Why would they pay a farmer to sign a letter telling regulators and legislators and newspapers that they are against financial reform? It is really very simple: letter writing works, and when they are published, ordinary people reading them believe a "neighbor" more than they do a politician.…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S COMMENT: The fraud has been obvious from the start. While this is a major case and hopefully a harbinger of things to come, it is directed at the fraud committed on shareholders of IndyMac. The fact is, if any of the banks had told the truth about what they…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |