EDITOR'S COMMENT: Let's assume that the banks are right, that the foreclosures are all legal, and that any errors are legally and properly correctable. And, for the sake of argument, let's also assume that the homeowners are to blame for the financial crisis --- that a viral fad spread throughout the country and the world wherein the borrower in 60…[...]

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Posted on November 17, 2010 by Foreclosureblues Illinois AG Madigan Files Legislation to Reform the Foreclosure Process to Protect Homeowners Tue, 2010-11-16 17:17 — NationalMortgag…  Illinois Attorney General Lisa Madigan has filed legislation designed to reform the foreclosure process to protect homeowners. Madigan’s legislation is the first of its kind in the country to address revelations that major banks and…[...]

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After 40 years of cutting costs and spending the American government has somehow avoided a conclusion that is so obvious that any child over the age of 10 would be able to give you the answer. This reminds me of the 30 year study by the American Medical Association in which they concluded that children grow in spurts rather than…[...]

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Tags: DEFICIT, foreclosure, mortgages, spending, taxes
Posted in bubble, Corruption, Eviction, securities fraud |

William K. Black Assoc. Professor, Univ. of Missouri, Kansas City; Sr. regulator during S&L debacle Posted: November 8, 2010 02:52 PM I have noted before a family maxim -- one cannot compete with unintended self-parody. Andrew Kahr has recently written a column in the American Banker entitled "Spread the Word: Lying to Banks is Illegal." Mr. Kahr is one of…[...]

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Brian Davies was in a California Superior Court for a wrongful foreclosure action and fraud. Between his Second and Third Amended Complaint NDEX WEST filed to sell his house. The State Judge denied an Ex Parte TRO due to it not being an emergency. Three rounds of discovery did not produce any loan level files. Brian had to file a…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary http://foreclosureblues.wordpress.com/2010/11/18/fdr-wasnt-fdr-until-his-hand-was-forced-by-civil-disobedience/ FDR Wasn’t FDR … Until His Hand Was Forced By Civil Disobedience Posted on November 18, 2010 by Foreclosureblues FDR Wasn’t FDR … Until His Hand Was Forced By Civil Disobedience Today, November 18, 2010, 54 minutes ago | noreply@blogger.com (George Washington)Go to full article Progressives are disappointed that…[...]

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In more cases than I can report, I am receiving copies of complaints sent to economic crimes divisions of the local prosecutor's office all over the country. The disposition of these cases is unknown but it is obvious that the pressure is building on two issues: forgery (and the notarization criminal penalties) and the act of perjury. Hundreds of people…[...]

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Ally Financial Mortgage Head Says Foreclosure Process Flawed By Lorraine Woellert and Clea Benson - Nov 17, 2010 1:44 PM MT Wed Nov 17 20:44:23 GMT 2010 Ally Financial Inc.’s handling of documents used to seize homes from delinquent borrowers was flawed and “unacceptable,” the bank’s top mortgage executive said in testimony prepared for a congressional hearing. Affidavits were signed…[...]

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NOW A SECOND PERSON NEXT DOOR WITH SAME. WELLS FARGO MOWS ANOTHER NONEXISTENT LAWN AND CHARGES FOR IT SUBMITTED by Brian Davies Submitted on 2010/11/19 at 11:03 am http://www.scribd.com/doc/43336839/Foreclosure-Crisis-Hits-Home-in-Colorado-BRUCE-MC-DONALD. Twice bitten? Second Crestone resident claims fraud By Jefferson Dodge Another Crestone resident, Wooddora Eisenhauer, says that she, like her neighbor Bruce McDonald, has been victimized by banks’ predatory foreclosure practices.…[...]

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Tags: fraud
Posted in bubble, Corruption, Eviction, securities fraud |

Barry Ritholtz, The Big Picture | Nov. 17, 2010, 3:30 PM | 6,968 | 29 A A A Barry Ritholtz Barry Ritholtz is author of the blog The Big Picture. Recent Posts Dual Mandate for Fed: Humphrey-Hawkins Bill Unmasked: The Super Villain of Subprime Dear Uncle Sucker . . . For many years, I’ve been a fan of Warren Buffett’s…[...]

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