COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Both Mr Horton and Ms Gaughen are the types of people banks like to lend to. They made payments on time, they have jobs. However, the plunge in US house prices – which has been particularly severe in California and Florida – left both of them with mortgages worth much…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

The Nation: Letting The Banks Make The Rules Kai Wright Friday, October 22, 2010 at 8:26 AM As the nation deals with the fallout from the housing crisis, some of the policies that contributed to its downfall remain in place. Kai Wright of The Nation argues that as long as banks are allowed to write their own rules on foreclosure,…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Legal/Regulatory The Mortgage-Backed Securities Mess October 22, 2010, 10:00 am Peter J. Henning follows issues involving securities law and white-collar crime for DealBook’s White Collar Watch. While much of the focus lately has been on problems with home foreclosures, the greater threat to financial firms like Bank of America is likely to come from potential liabilities related to billions of…[...]

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It is not true that another bailout will be required to maintain our financial system. In fact, if we want to return to true capitalism we must let the mega banks fail if they indeed run out of money. The reason is simple: this time, there is not even the hint of a risk that the economy will lose a…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE: Except for the assumption that the borrower's bought homes they couldn't afford (with which I disagree) and the assumption that the existence of a default is axiomatic if the borrower has missed a payment (with which I strongly disagree), this article pretty much hits the nail on the…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

From Davie Krieger, Quiet Title Titan To Bill et al … Maricopa County seems to have a County Recorder that has been in office way too long and it’s time you ousted her. Helen Purcell has got to go! Now you have a reason you can tell the taxpayers WHY your county is so broke! These recorders wonder why their…[...]

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October 21, 2010 New Law Allows Homeowners to Recoup Legal Fees in Foreclosure Cases By JOHN ELIGON A new state law signed in Albany this week will allow homeowners who win foreclosure proceedings to have the lender pay their lawyers’ fees. Supporters say the law balances what they see as the long unfair practice of lenders writing provisions in mortgage…[...]

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EDITOR'S COMMENT: Well here is the reason why tax collectors et al are not pursuing the Wall Street Banks for unpaid fees and taxes. it turns out they are in bed with them. By going into business with the local agencies that collect taxes, Wall Street has snuffed out any incentive to pursue the Banks. Like the fox guarding the…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary WHEN IS THE PUBLIC OUTRAGE GOING TO TRANSCEND PARTY LINES AND IDEOLOGY? WHEN WILL WE BREAK UP THE BANK OLIGOPOLY THAT HAS US IN A DEATH GRIP OF FINANCIAL SLAVERY. WHY DO WE VOTE FOR THESE PEOPLE? AS PJ O'ROURKE SAYS, IT ONLY ENCOURAGES THEM. ARE WE SO SCARED OF…[...]

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Robo-Signings Not the Only Issue Facing Housing Industry by Jann Swanson on   Email Page |    Print |    Bookmark |   Tweet This - New!   Bank of America (BOA) and GMAC announced Tuesday that they were resuming the prosecution of foreclosures following several weeks of a self imposed moratorium. The moratorium in BOA's case extended to all 50 states while…[...]

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Tags: Housing Industry, Robo-Signing
Posted in bubble, Corruption, Eviction, securities fraud |