COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary POSTED BY "RESEARCHER" See also fdic-servicers-are-advancing-funds-on-loans-supposedly-in-default EDITOR'S COMMENT: It isn't just Bank of America. And it isn't just the servicers. EVERYONE in the securitization chain has a legal problem, a liability problem and is subject to potential fines, penalties, damage awards to borrowers, punitive damages or treble damages. It's just…[...]

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Tags: BAC Home Loans Services, Bank of America, LP
Posted in bubble, Corruption, Eviction, securities fraud |

October 15, 2010 By BARRY MEIER With the rash of foreclosures across the country in recent years, many lawyers have specialized in the lucrative business of handling cases for banks and loan servicers. And now that flaws are being acknowledged by big lenders in the processing of foreclosures, some of these lawyers are finding themselves in the cross hairs of…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

see also more-evidence-of-bank-fubar-mortgage-behavior-florida-banks-destroyed-notes-others-never-transferred-them.html L. Randall Wray L. Randall Wray is a professor of economics at the University of Missouri — Kansas City. Recent Posts * Bernanke’s Experiment Has Failed, More Quantitative Easing Is Not… * Obama’s Economic Team May Be Disbanding But They’ve Already Done… * Pension Funds Are So Big They’ll Create A Bubble In Any Market * Examining…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Maryland removes six notaries from office in foreclosure probe by KERRY CURRY Maryland to Require Loss Mitigation Reporting Beazer Pays $2.5 Million in Mortgage Settlement Maryland Governor requests 60-day foreclosure moratorium Florida judge denies Law Office of David J. Stern motion to quash Wallboard exporter in settlement with Beazer over costly repairs <img src='http://hw.hw-ads.com/www/delivery/avw.php?zoneid=17&n=a12a1dcc' border='0' alt='' /> <img src='http://209.236.64.249/hw/www/delivery/avw.php?zoneid=18&cb=INSERT_RANDOM_NUMBER_HERE&n=ac1fc18b' border='0'…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

see also WHAT IF THE POOLS ARE EMPTY? see also heres-that-devastating-report-on-bank-of-america-that-everyone-is-talking-about-today COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Friday, October 15, 2010 Foreclosure Crisis Finally Hitting Banks Where it Hurts: Their Stock Prices I’m surprised it has taken this long for Mr. Market to wake up and smell the coffee. Major bank suspending foreclosures in a whole passel…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

LETS NOT FORGET HER MULTIPLE SIGNATURE PERSONALITIES[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Countrywide's Mozilo to pay $67.5 million settlement By Blake Ellis, staff reporterOctober 15, 2010: 3:29 PM ET NEW YORK (CNNMoney) -- Angelo Mozilo, the former co-founder of Countrywide Financial, has agreed to pay $67.5 million to the SEC to settle fraud charges. The fine was one of the largest penalties ever issued for a corporate executive charged with filing false…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

"The rule also addresses a recurring problem in servicing: the obligation for servicers to continue funding payments missed by borrowers. Under most current servicing agreements, this obligation has the effect of accelerating foreclosures as servicers seek to recover these payments by selling the home. Our new rule strictly limits advances to just three payments unless there is a way to…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

SEE ALSO The Third Rail — Validity of the Loans, Notes and Mortgages COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary If you're looking for an analogy for the current mortgage crisis, look at the salad oil scandal, where the tanks were empty and the business model was simply fraud.  The only difference, at the present time, is that…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Are Trusts on the Hook for Mortgage Mess? Published: Thursday, 14 Oct 2010 | 1:45 PM ET By: Diana Olick CNBC Real Estate Reporter Digg Buzz Facebook Twitter More Share Repres Will there soon be a flood of investor lawsuits filed against trusts?   We've talked a lot about the robosigning scandal with respect to borrowers' rights and the possibility…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |