COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE: FLOYD NORRIS in the article appearing in today's New York Times points out what we have been saying here for three years. We have the mid-size and smaller institutions --- about 7,000 in number ---- unlike most other countries, that can easily pick up where the big banks…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary CHECKLIST AND NOTES ON LAYMEN SEMINAR While looking for something else I discovered my notes from a seminar I gave in July, 2009. Besides some obvious spelling errors, there are numerous items that remain as relevant today as they were when those notes were prepared. It also provides a sketch…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE: The mediation program can't work. If you have one real person on one side and Donald Duck on the other, nothing but a fictional characterization of mediation is happening. see foreclosures-jump-modifications-plummet Florida foreclosure mediation report shows program is struggling to log successes By Kimberly MillerPalm Beach Post Staff…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S COMMENT: Why stop there? Once you have a "safe house" you can still assert claims regarding the old one for deceptive lending practices, appraisal fraud, and challenge the right to foreclose. While there are states that allow deficiencies, those actions are usually not pursued for one obvious reason ---…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary SEE BEN WAGNER TESTIMONY In conclusion, the Eastern District of California has been one of the hardest hit by the mortgage fraud crisis, and the people in our communities and across the nation have suffered the consequences of it – from steeply reduced home values, to ruined credit, to foreclosures…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see Good Comments Below from Readers Many thanks to Simon Johnson at www.baselinescenario.com for pointing out this apparent anomaly. While more and more people are exercising their option to strategically default on the first mortgage either intentionally or because they can't make the payment, a rising number of second mortgages…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Ron is an early adopter (2008) of the uses of securitization defenses and offense. As a lawyer actively practicing in Tucson he concentrates on Chapter 7, Chapter 13, and now appeals. He has consistently applied the principles of breaks in the chain of title, securitization restrictions, and issues of standing, real party in interest and the status of pretender lenders…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary NOTABLE QUOTES: "The rise in repossessions and decline in loan modifications are further signs that problems in the US housing market are persisting, in spite of forecasts by some analysts of a recovery before the year-end." "The number of homes entering foreclosure rose 31 per cent compared with the second…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary "Allstate alleges that between March 2005 and June 2007, as it was buying the securities, Countrywide “abandoned its underwriting standards, misrepresented crucial information about the underlying mortgage loans and concealed material facts” from the insurer, it said in a statement." EDITOR'S COMMENT: If the note does not describe the terms…[...]

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Tags: allstate, Bank of America, BOA, countrywide
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S COMMENT: Just how many times do we need to be hit with this news before the words "APPRAISAL FRAUD"  come into common use? Entire markets were artificially inflated with the complicity of developers, real estate brokers, banks, originators and of course the real estate appraisal firm and the secondary…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |