COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Foreclosure Mills Get Rich With Fraudulent Foreclosures EDITOR'S NOTE: In my opinion, for the reasons stated below, the policy of rejecting short-sales and proceeding with foreclosures creates a greater loss for the bank's earnings statement, a decrease in the actual capital structure, and therefore constitutes shareholder fraud and stock manipulation.…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Bailout Companies Give Generously to Candidates: Expecting a New Bailout? Editor's Comment: Oops. I thought they said they had reviewed hundreds of thousands of foreclosures in about 6 minutes and discovered that everything was in order. I thought they said the procedure was wrong (perjury and fraud on the court)…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

"TARP may have saved the United States from 15 percent unemployment, but it also implicated our government in the kind of crony capitalism you’d expect from a banana republic. If it was necessary, it was also un-American. If it worked, it did so while doing grievous damage to the credibility of Wall Street and Washington alike." October 25, 2010 The…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Foreclosure May Cost Security Clearance, Jobs 10.24.2010 CITI BOWEN CONGRESSIONAL TESTIMONY(2) Bondholders-Letter-to-Bofa-Over-Country-Wide-Loans-Inc-Ny-Fed Editor's Comment: Whether they stick to it or not is another story. But in a sharp break with the Obama administration's efforts to avoid the inevitable crash of the mega banks, Bernanke has made it clear that there…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary This simple accounting fact would enable any homeowner to show that the transaction was table funded several times over. It would lead to the inescapable conclusion that the lender of record was NOT a party to whom any money was owed by the borrower or anyone else. THAT would lead…[...]

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EDITOR'S NOTE: OKAY. LET'S PRETEND FOR A MOMENT THAT THE WHOLE PROBLEM IS CONTAINED TO BAD PAPERWORK.  It's like replacing the seat on a bicycle with no wheels. It's still not going anywhere. The problem remains and cannot be cured unless the creditor and the debtor are connected on one document or on a series of documents that are all…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

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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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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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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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Posted in bubble, Corruption, Eviction, securities fraud |