First they started with servicers bringing foreclosures, and that didn't work. Then they tried MERS to bring foreclosures, and that didn't work. Then they tried backdated, fabricated and forged documents from non-existent originators with signatures from phantom people as "limited signing officer" or "assistant vice president" and that is going down the drain. Now they are bringing foreclosures in the…[...]

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6 13 10investors-suing-chase-includes-list-of-mortgage-backed-securities-various-originators-like-new-century-wamu-wells-fargo-resmae-greenpoint-coun As Weidner points out, these cases are well worth your time in research. With their minions of lawyers, they have more information that is industry specific than you can accumulate or absorb. Investors are aligning themselves with the interests of the borrowers. Here they are attacking the false representations of underwriting standards, but more importantly, they are…[...]

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The Foreclosing Plaintiffs Created The Crisis Through Fraud and Crimes At The Highest Levels Today, June 19, 2010, 2 hours ago | Matthew D. Weidner, Esq. The foreclosure crisis that continues to grip our courts in 2010 and that will only get worse in years to come all began in 2005, 2006, 2007, when the mortgage industry and Wall Street…[...]

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submitted by Abby 2010/06/17 at 2:25 pm FROM CALIFORNIA ATTY. GENERAL BROWN re: short sales News Release June 17, 2010 For Immediate Release Contact: (510) 622-4500 Contact: Christine Gasparac or Evan Westrup, (510) 622-4500 Christine.Gasparac@doj.ca.gov or Evan.Westrup@doj.ca.gov Print Version Brown Issues Warning about Rise of Short Sale Fraud LOS ANGELES – Attorney General Edmund G. Brown Jr. today joined the…[...]

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The model concluded that roughly one-third of the loans were for amounts that were 105 percent or more of the underlying property’s value. Roughly 5.5 percent of the loans in the pools had appraisals that were lower than they should have been. In one pool with 3,543 loans, for example, the CoreLogic model had enough information to evaluate 2,097 loans.…[...]

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Tags: CoreLogic, Credit Suisse, David J. Grais, DEUTSCHE BANK, GRETCHEN MORGENSON, HERS, Home Loan Banks, investment banks, investors, Merrill Lynch, mortgage securities, San Francisco Home Loan Bank, Seattle Home Loan Bank, UBS, VP4
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

submitted by Frank D'Anna Writ of Mandate 2 Frank D'Anna COMMENT: I don't know if Frank got help, but however he did it, this is a fine piece of work. He obviously understands that if you want to take an appeal, you must state a reason that the trial court erred. If you want to win it, you better come…[...]

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Tags: appeal, burden of pleading, BURDEN OF PROOF, court record, D'Anna, enforce the note, foreclose, injunction, Non-judicial election, party seeking affirmative relief, presumptions, procedure, restraining order, trustee, Writ of Mandamus
Posted in Corruption, evidence, expert witness, foreclosure mill, Modification, Pleading |

Editor's Note: The cost of taking over foreclosed homes greatly exceeds the principal reductions that are inevitable anyway. Either way the taxpayer foots the bill. As usual, big business and government have taxpayers paying the higher bill. Here is how the narrative ran. The trillion dollar banks and some "smaller" ones used all their influence over the media and lawmakers…[...]

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Triangle Business Journal - by Chris Baysden The U.S. Attorney’s Office for the Eastern District of North Carolina announced Thursday the creation of a new Mortgage Fraud Task Force for the district. The task force will pool the resources of existing criminal and civil attorneys in the office as well as federal law enforcement agencies with the goal of fast…[...]

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Under pressure from the Obama Administration, Federal agencies that turned a deaf ear to consumers, borrowers and debtors, are starting to investigate, prosecute and reveal predatory, deceptive and illegal activities of the entire securitization chain. Now is the time for us to make sure they get a copy of your qualified written request. And the QWR or DVL should be…[...]

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NOTE: Working on one of my expert declarations I figured I would share my computations with the readers. In order to protect privacy I am deleting any identifying information. In this case there was a $1 billion offering of non-certificated mortgage backed securities, which is a fancy way of saying there was no certificate, just a book entry. The Master…[...]

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