Bank of America Re-Remics Cut Mortgage Debt as Basel Rules Loom By Miles Weiss and David Mildenberg - Oct 14, 2010 8:38 AM MT Thu Oct 14 15:38:50 GMT 2010 Bank of America Corp., seeking to reduce risk and meet new capital standards, upgraded billions of dollars of distressed mortgage bonds by repackaging them into new securities using a variation…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Florida Case dismissed – Faulty Affidavit – Indy Mac COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary ——————————————————————— By Jonathan Weil – Oct 13, 2010 9:01 PM ET Jonathan Weil http://www.bloomberg.com/news/2010-10-14/foreclosure-fiasco-s-trail-leads-to-washington-jonathan-weil.html What were banking regulators doing while some of the biggest U.S. lenders routinely filed false foreclosure documents in local courthouses around the country? In the case of…[...]

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COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE; THE FOCUS CONTINUES TO BE IMPROPERLY DIRECTED TOWARD SPEED RATHER THAN ACCURACY. COMPLETELY ABSENT IS A REPORT OF DUE DILIGENCE, THE AUTHOR OF THE REPORT, THE SIGNATURE OF SOMEONE, AND THE A COPY OF THE REPORT SO THE REPORT CAN BE CHALLENGED IF NECESSARY. THE CONTENT OF THE…[...]

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Tags: Fannie MAe, FHFA, Freddie Mac
Posted in bubble, Corruption, Eviction, securities fraud |

THE TORRENS SYSTEM…GOV’T GUARANTEED TITLE Posted on October 13, 2010 by Foreclosureblues POSTED BY ARCHIE 1954 The US foreclosure debacle will freeze the real estate industry. No one especially the title companies will insure the title to any home that is in foreclosure , might be or has been. Without that insurance no lender will risk a loan or mortgage on…[...]

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OLYMPIA, Wash. — Washington state Attorney General Rob McKenna Wednesday asked all mortgage trustees in the state to immediately stop what he called questionable foreclosures. The attorney general’s office has received at least a dozen complaints and investigations have revealed that many foreclosure trustees are not following the law, McKenna said. Investigators have found faulty chains of title, failure to…[...]

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Wells Fargo Settles State AG Investigations Into "Risky Mortgages" Made By Acquired Lenders Posted on October 7, 2010 by Fred Rivera Email This Print Comments Trackbacks Share Link October 7, 2010 -  The New York Times reports that Wells Fargo agreed to pay $24 million to resolve investigations by eight state attorneys general into whether lenders acquired by the bank made…[...]

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Go to YouTubePlay video Link From: http://www.newzzcafe.com/ 00:02:32 Added on 10/13/10 312 views Self help Returns! I think they are right and my bet is that there will be a lot more cases like this one. Little reported because the people wanted to stay under the radar, this has occurred already in thousands of cases. This one is different because…[...]

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SEE This is it! WHERE’S THE NOTE, WHO’S THE HOLDER: ENFORCEMENT OF PROMISSORY NOTE SECURED BY REAL ESTATE The strategy of distraction is easy. Simply point the finger at paperwork mix-ups and you avoid the underlying problems, liability and consequences of a deformed, twisted title problem. "We'll fix it" is the message, but how. Who is now going to appear in…[...]

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It's in your hands now. The fate of the nation's economic system, the budgetary crisis in your own state and justice for victims of fraud with accountability for those who participated in a scheme that was intentionally and negligently conceived and executed. Your state, and the counties, cities and towns that are now all suffering from lack of revenue and…[...]

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Tags: attorney general
Posted in bubble, Corruption, Eviction, securities fraud |

It should come as no surprise that GMAC and probably a succession of other pretender lenders will come to the same conclusion: there is no defect in the loans and the foreclosures will proceed. That's like asking the fox if he knows what happened to the chickens. Jamie Dimon, announcing that Chase has not been using MERS since 2008, tried…[...]

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