COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Coupled with the obvious improper relationship between lawyers and Wall Street, is the prior history of having done essentially the same thing in the creation of the loans. People who had licenses to practice their profession threw caution to the winds in exchange for large profits and fees. Keep in…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

Bank of America is a particular worry, because its capital position is already precarious, and any downgrade by rating agencies will push it into dangerous territory. To the extent the market believes that the government does not stand fully or immediately behind Bank of America (a view expressed by Morgan Stanley analysts in a note this week), we should expect…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary "setting the stage for a huge battle between mortgage holders like the government, hedge funds and other institutional investors on one side and the big banks on the other." Editor's Note: The plot thickens. Even as the Fed and investors talk about wanting their money back on mortgage backed securities,…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

1. Chicago Sheriff stops foreclosures until banks get their paperwork in order (which will never happen): http://www.cnbc.com/id/39745284 2. Could I please be added to your referral list as someone who gets it? I was a securitization lawyer for a couple of years (1999-2001 for Chapman and Cutler LLC in Chicago, a 100+ year old finance/banking firm. Never did I dream…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

" "If it were just a matter of negligence or covering up dubious collateral, surely some of the assignments by some of the banks would have been done properly. Why would they all be defective? "...it's too late to assign properties to trusts that have already been set up without violating the tax code for REMICs, and the trusts themselves…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

From Katherine Editor's Note: I almost passed on this. Then I started thinking. If the original note must be sequestered with the Court to prevent further negotiation of the note, it locks in the other side pretty early. If you can convince the court that tendering the original note to the court is a condition precedent to getting judgment, then…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

The MERS Edifice Quavers.... The Market Ticker ® - Commentary on The Capital Markets Posted 2010-10-11 22:05 by Karl Denninger in Foreclosuregate The MERS Edifice Quavers.... And threatens to crumble into dust.... Yes, this is a draft.  But it is coming from a law school's scholarly paper mill - not exactly the sort of place you want to ignore.  A…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

Mot. For Order Prohibiting Sale, Assignment, or Transfer Interesting material in this pleading, with some good citations and argument, but awkwardly worded in spots.[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

From Bill: Sample Cause of Action in our complaints… (decoupling). Neil, your thoughts? Editor's Note: My thoughts are this is exactly what is needed. ————- PRIMARY CAUSE OF ACTION – THE DEED OF TRUST IS NULL QUIET TITLE IS THEREFORE REMEDY TO THAT NULLITY 1. Between July to August 2006, a now-bankrupt Countrywide Home Loans Inc. in conjunction with US…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |

Breaking News Alert: U.S. investigating possible criminal violations in foreclosure crisis October 19, 2010 2:53:09 PM ---------------------------------------- Federal law enforcement officials are examining whether financial firms may have broken the law when they filed improper foreclosure documents with courts, sources familiar with the probe say. Task force probing whether banks broke federal laws during home seizures Gallery Thousands of foreclosures…[...]

Continue Reading

Posted in bubble, Corruption, Eviction, securities fraud |