COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary READ FULL DECISION HERE----> MA S Ct 1-7-11 usbank see ibanez-decision-analyzed see CNN Report and Video NOTABLE QUOTES: "Where, as here, mortgage loans are pooled together in a trust and converted into mortgage-backed securities, the underlying promissory notes serve as financial instruments generating a potential income stream for investors, but…[...]
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary SEE investors-and-borrowers-could-share-common-interests-and-solve-the-problem The experiment is about 18 hours old and the pace is picking up by the hour --- we already have dozens of borrowers who are offering to do some horsetrading directly with investors who bought mortgage backed securities. KEEP THEM COMING! The exclusive email for this experiment is…[...]
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The Case for 30 Year Mortgage is Deteriorating
Jan 7, 2011
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Notable Quotes: Even if we forget about the gigantic near-term problem — namely, that the federal government is in the housing market mainly because most banks simply won’t issue mortgages that can’t be guaranteed by Fannie, Freddie or the Federal Housing Administration — there’s the fact that federal involvement in…[...]
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S COMMENT: As concern mounts that the entire title infrastructure has been put at risk by shoddy practices in lending, recording, transferring and foreclosing mortgages, a New Jersey Judge has set a hearing to consider suspension of ALL foreclosures by the megabanks pending further investigation. What was once considered "fringe"…[...]
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STATES FISCAL CRISIS GROWS AS REVENUE DROPS 30%
Jan 7, 2011
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary THAT LIGHT AT THE END OF THE TUNNEL IS A TRAIN COMING AT US. State revenue was $1.6 trillion. Latest report is $1.1 Trillion. That is a 12 month drop!! As we all know governments don't typically save money, so there is nowhere to go but down from here. Of…[...]
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary GET RID OF THE MIDDLEMEN NOTE TO INVESTORS AND BORROWERS: IF YOU ARE SERIOUS ABOUT RESOLVING THE MORTGAGE CRISIS AND YOU WANT TO DO SOMETHING ABOUT IT WRITE TO ME AT neilfranklingarfield@gmail.com. EDITOR'S NOTE: For those of you who have followed the blog from the beginning in 2007, you know…[...]
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary NOTABLE QUOTES: The fight between homeowners and banks before the Supreme Judicial Court in Boston turns on whether a mortgage can be transferred without naming the recipient, a common securitization practice. Also at issue is whether the right to a mortgage follows the promissory note it secures when the note…[...]
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Leaked document shows Lee Co. judges tried to fix foreclosure error A 4 In Your Corner investigation reigning in Lee County foreclosure judges? Judges not requiring banks to show how much homeowners owe…even though they're supposed to. Now, a leaked document has surfaced…showing Lee judges trying to fix their error. Fighting foreclosure, Scott Shinneman and his lawyer Todd Allen realized…[...]
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"I just asked to see my note, and they dinged my credit score. My insurance premiums have already gone up," Marks told HuffPost. "I went to see a lawyer, we're trying to figure out what my options are. After this, we're thinking about some forced mediation. Why keep paying if my credit score gets battered anyway?" Zach Carter zach.carter@huffingtonpost.com |…[...]
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary RESCISSION UNDER TILA MORE VIABLE THAN WE THOUGHT Editor's Alert on TILA Rescission: Judges didn't like the way the statute was worded, but the wording was very clear. "I rescind" is enough to clear the title of your property of any mortgage UNLESS WITHIN 20 DAYS the lender files a…[...]
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