Have a great meal and enjoy time with family and friends. You deserve a break. Everyone does. Let this day commence a year for giving thanks to ourselves and each other for asserting our constitutional rights and thus preserving the American way of life with TRUTH, JUSTICE and OPPORTUNITY. Now is the time for OUR innovation and OUR solutions. Now…[...]
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Editor's Comment: Zombeck has it right here and people are starting to take notice. It just doesn't make any sense that somehow tens of millions of Americans suddenly decided to enter a conspiracy to defraud the financial industry using instruments that even Alan Greenspan admitted he didn't understand. Nor does…[...]
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Submitted on 2010/11/24 at 7:27 pm by HYDROGENE EDITOR'S NOTE: This is the part of this mission that I love --- when people start getting proactive and shining the light where nobody from the dark side wants it. It just so happens that there are several Judges around the country that have consulted with our analysts regarding their own mortgages.…[...]
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Homeowners Investigating Judges Conflict of Interest
Nov 24, 2010
It seems that many Judges have investments and many of those investments involve various types of income funds, from high yield to low yield and everything else you'd expect from someone who is saving money toward retirement. The problem is that some of their investments involve mortgage bonds, and other home loan derivatives which could be effected by their own…[...]
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Protected: ALL 66 Million Mortgages Are Wild Instruments — Members Only Password Required
Nov 24, 2010
This content is password-protected. To view it, please enter the password below. Password:[...]
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One Story: It Never Would Have Happened If…..
Nov 24, 2010
if the so-called lenders had done due diligence. But nobody was doing due diligence because they didn't care. They didn't care because they were not lending money for which they would be held accountable. And now people like this, en masse, are being asked to take responsibility for the failure of the banks to know their own business. One ‘Nightmare’…[...]
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WSJ: Investors Start Up Forensic Reviews of Loans
Nov 24, 2010
NOVEMBER 22, 2010 Foreclosure Detectives Hunt for Lies By RUTH SIMON URBANDALE, Iowa—In two squat, suburban office-park buildings here, Richard Barrent is digging through loan files that could help decide who pays for the mortgage-paperwork debacle. The former Wells Fargo & Co. quality-assurance manager's two-year-old company is part of a cottage industry of loan detectives obsessed with detecting fraud, misrepresentations…[...]
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Bank of America may discover that it has millions of loans on its books that it thought it had transferred to trusts that issued mortgage backed securities, because 96% of Countrywide loans were ostensibly securitized. As the Congressional Oversight Panel explained, that outcome alone could cause massive damage to a bank's balance sheet. And as bad as that would be,…[...]
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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary "When you rob the bank you pay for the crime. When you ARE the Bank, you still do the time." It's good that Dylan is highlighting the mortgage mess. He had Matt Weidner on yesterday who did his best in answering a bad question. Ratigan asked Matt why homeowners shouldn't…[...]
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BOA HEADACHE: Countrywide Routinely Failed to Send Key Docs to MBS Trustees, B of A Employee Says
Nov 23, 2010
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Submitted by Brian Davies Countrywide and Bank of America published case. This could be an IMPORTANT development. It could mean proof that the securitized trusts were routinely NEVER consummated. That would mean Countrywide-cum-BOA legal actions being taken in the name of their securitized trusts lack “Standing” and or “Capacity”. Those…[...]
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