Top Posts and Pages 18 months Obama has been in office. We suffered waiting for the administration to get the facts and develop a plan to do something about it. To tell you the truth I never thought of this way, but he's right --- it is the best way possible. It took 35 years for us to get into this…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Warren Works on Mortgage Disclosure; She Needs to Work on Foreclosure Fraud By: David Dayen Wednesday September 22, 2010 7:10 am // Tweet Share Elizabeth Warren has gotten right to work in her new position, announcing at a Treasury forum the intent to simplify mortgage documents for homeowners: “Disclosure isn’t going to solve all problems, but it is one of…[...]

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SERVICES YOU NEED 9.24.10 BARNEY FRANK LETTER-Letter-to-Fannie-on-Foreclosure-Fraud[1] VIDEO FEED FROM TAMPA TV In a blunt, no nonsense letter to Fannie Mae three congressional representatives including Barney Frank who has enormous clout, a shot heard round the country was heard. It wasn't just a letter of inquiry or even at the level of complaint. It was an accusation and a demand…[...]

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Tags: Alan Grayson, Barney Frank, congress, Connie Brown, Fannie MAe, FNMA, foreclosure mills, ownership of the note
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED EDITOR'S NOTE: EXCELLENT ARTICLE BY DENNINGER Well, it appears that it is finally happening.... To be specific, it appears that: At least one (and perhaps more) "inside officers" in various law firms filed thousands (and maybe tens of thousands) of affidavits they did not read and thus could not have attested to. This practice appears to not…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

GMAC Robo-Signers | Mortgage Lenders, Foreclosure Abuse | 2011 Real Estate Predictions Submitted by Tim Harris on September 23, 2010 – 12:01 pmNo Comment | Popularity: 1% [?] GMAC Robo-Signers. I am of two minds on this emerging story…. Will the wide spread practice of lenders using so-called Robo-Signers really be enough of a legal issue for judges to take action or…is…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED EDITOR'S NOTE: We are seeing more and more of these "recoveries." The question we pose and that should be posed IN COURT is to whom this money is paid and more importantly, how is it going to be credited? Why is that important? ANSWER: If that recovery means that the investors or investor pools recovered money then…[...]

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Tags: accounting, Aurora Loan Services, BNC, creditors, Lehman
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED Investors face an “obstacle course” of challenges in attempting to get banks to repurchase loans that failed to match their description in bond documents, Grais said bondholders said they have the power to order the trustee for the securities to start probes because the investors own 25 percent of the debt in particular bond issues. EDITOR'S NOTE…[...]

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Tags: Bank of America, Bank of New York Mellon, BEAR STEARNS, countrywide, David J. Grais, Ellington Management Group LLC, Greenwich Financial Services LLC, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED submitted by Jose Semidey EDITOR'S NOTE: The readers of this blog will find themselves in agreement with most everything Jose says. The question is when will we say "enough!" There was nothing radical about restoring stolen property and money to their rightful owner  -- until this mortgage mess. I would add that when people write to their…[...]

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SERVICES YOU NEED * How Serious is the GMAC Problem? Pretty Serious and Not Just GMAC – 09/21/2010 – Yves Smith * Steve Keen: Deleveraging With a Twist – 09/21/2010 – Yves Smith Monday, September 20, 2010 Grayson Calls on Florida Supreme Court to Halt Foreclosures Representative Alan Grayson of Florida has asked the Florida Supreme Court to halt all…[...]

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Tags: Alan Grayson, Canady, Chase, Florida Supreme Court, Shapiro and Fishman, Stern, WAMU, Watson
Posted in bubble, Corruption, Eviction, securities fraud |

SERVICES YOU NEED The surprising departure of Lawrence Summers, once touted as the next FED chairman, along with the installation of Elizabeth Warren, Chair of the Congressional Oversight Committee on TARP is a clear signal that the administration has turned its attention to the fundamentals of the economy and away from the ideology that directly maintained the continuing fraud on…[...]

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Tags: Federal reserve, Obama, Summers, TARP, Warren
Posted in bubble, Corruption, Eviction, securities fraud |