COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S COMMENT: People are doing what they need to do to survive after their living quarters have been taken in foreclosure, after losing a job in an economy brought down by catastrophic irregularities in foreclosures and mortgages. I would only add that besides doubling up they should double down and…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Notable Quotes: "The men share a common goal: to protect the interests of big banks in the vast market for derivatives, one of the most profitable — and controversial — fields in finance. They also share a common secret: The details of their meetings, even their identities, have been strictly…[...]

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Tags: Ali Balali, Andy Hubbard, Athanassios Diplas, Bank of America, Barclays, Biswarup Chatterjee, C.D.S. contracts, Chicago Mercantile Exchange, Citigroup, credit default swaps, Credit Suisse, derivatives, DEUTSCHE BANK, Goldman, ICE, James J. Hill, JPMorgan, Markit, Morgan Stanley, NASDAQ, Oliver Frankel, Paul Mitrokostas, Thomas J. Benison, UBS
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary It could get even worse, and probably will. The current status of title and the current status of these obligations is such that a moral hazard exists that is sure to be exploited by a new group of third parties who perceive the opportunity. Because the title question is not…[...]

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Tags: prepayment, satisfaction of mortgage, warranty deed
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Notable Quotes: “For this, there’s only one similar example. It’s like the Enron e-mails.” "on Nov. 29, the director of WikiLeaks, Julian Assange, said in an interview that he intended to “take down” a major American bank and reveal an “ecosystem of corruption” with a cache of data from an…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary I know I'm going against a headwind here, but the problems we face locally and as a nation are not the fault of labor unions. There is plenty of history of graft, mob connections and slackers who are not held to competitive standards and none of that is good for…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary I am not much for politics, because it seems obvious that the banks have bought virtually all government functions at the state and Federal level. And I don't know much about the new Governor of New York except that he apparently understands what the banks did on Wall Street and…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

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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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 |