COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG FIND A LAWYER OR FIND A CLIENT Several law firms specializing in securities litigation are looking at the other end of the spectrum and finding gold. It looks like we are about to see a slew of class actions and individual lawsuits alleging securities fraud where the…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary FIND A LAWYER OR FIND A CLIENT Submitted by Ann Legal twist forces foreclosure redos Creates second chance for former owners http://www.boston.com/business/articles/2010/11/12/legal_twist_forces_foreclosure_redos/ Zepheniah Taylor lost his Dorchester three-decker to foreclosure two times in 17 months. Now the 59-year-old grandfather has returned home to stay. The scenario, once implausible, is becoming…[...]

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LIVINGLIES---GARFIELD CONTINUUM BLOG COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary 11.12.10 ABA TRUSTEE whitepaper   The responsibilities of the trustee, as set forth in typical asset-backed securities transaction documents, whether a pooling and servicing agreement or an indenture, are narrowly circumscribed as to each role and are traditionally stated to be limited to those expressly accepted by…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LIVINGLIES-GARFIELD CONTINUUM BLOG Our normal securitization analysis does not include the loan level accounting and analysis. That is a whole other project. The reason you MIGHT want it is that it would show, among other things, to whom payments were being made, the status being reported to the investors or…[...]

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Tags: loan level analysis, loan level data, securitization report and analysis
Posted in bubble, Corruption, Eviction, securities fraud |

Anonymous is in regular type, Garfield is in bold. Dear Anonymous: Think some of the confusion here is in the concept of funding of the loans.   As I have said before (and I know Neil does not like) investors do not directly fund individual mortgage loans.  They indirectly fund the securitization of a “POOL” of securitized receivables.    Thereafter, the pools…[...]

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David Brooks, NY Times Opinion. Nov. 11, 2010 "Elections come and go, but the United States is still careening toward bankruptcy. By 2020, the U.S. will be spending $1 trillion a year just to pay the interest on the national debt. Sometime between now and then the catastrophe will come. "It will come with amazing swiftness. The bond markets are…[...]

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LIVINGLIES---GARFIELD CONTINUUM BLOG COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Editor's Note: I'm not sure about the submission below and I invite comments. The point missing, I think, is that the notes themselves were not EACH converted into bonds. The securitization structure appears to me to be the intermingling of notes (which are probably invalid because they…[...]

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Tags: bonds, conversion, CUSIP, foreclosure, fraud, notes, OVERCOLLATERALIZATION, Ponzi
Posted in bubble, Corruption, Eviction, securities fraud |

Editor's Note: We'd like to know the names of the investors too. Let's see if we can dig up the actual wording of the request and follow along to see what the answers are. Categorized | STOP FORECLOSURE FRAUD Bank of America Lawyers Demand Names in Mortgage-Bond Fight With Investors Posted on07 November 2010. Tags: allegations, bank of america, blackrock…[...]

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Posted on November 14, 2010 by Foreclosureblues Today, November 14, 2010, 53 minutes ago | Foreclosure Fraud Foreclosure Mill Law Firm Accused of Fraud, Racketeering See also: LINK – More Georgia Foreclosure Fraud – Prosecutors Probe Counterfeit Notary Seal from Prommis Solutions ~ LINK – Georgia’s Version of David J. Stern and Friends? – McCalla Raymer, Charles Troy Crouse and Prommis Solutions[...]

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LIVINGLIES---GARFIELD CONTINUUM BLOG COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary latimes.com/business/la-fi-fdic-lawsuits-20101111,0,7606749.story The FDIC board has authorized suits seeking to recover more than $2 billion from more than 80 former bank officials, up from about 50 a month ago, Osterman said. The number could multiply as the agency works through its investigative backlog. The agency could end up…[...]

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