Here is an interesting article from Tadly 2010/03/26 at 5:47pm Here is an interesting article Harder Part American Banker | Wednesday, February 24, 2010 By Jeff Horwitz * IndyMac Buyers Pick Up Another Failed Bank – February 22, 2010 * FDIC Rebukes Internet Video – February 16, 2010 In less than a year, the private-equity buyers of IndyMac Bank —…[...]

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Tags: Adjustable rate mortgage, Bert Ely, FDIC, Federal Deposit Insurance Corp, Federal Home Loan bank, Foreclosure Radar, HERS, Home Affordable Modification Program, INDYMAC, John Bovenzi, Michael Krimminger, OneWest, principal writedown, Sean O’Toole, Terry Laughlin
Posted in bubble, Corruption, Modification, securities fraud, Servicer |

Editor's Notes: Bank of America is smarter than most. It has created a web of companies whose function is to perform activities that hide the fact that it is Bank of America, and there are other pretender lenders who hide behind this entity who suddenly appears as "trustee" or some other entity claiming the right to enforce the note, foreclose…[...]

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Tags: (866) 781-0029, 1330 West Southern Avenue, 2380 Performance Drive, 75082, 800-281-8219, 866-207-0573, ATTORNEY FEES, AZ, AZ 85282-4545, bankofamericastore.com 2, BofA, CA, countrywide, Dallas, damages, Default and Special Release Services, Denise Sletten, Eva Tapia, file audits, fines, foreclosure services, FPS, HERS, Jeffrey Aiken, Jim Taylor, Kailash Bhuckory, lien release, Lien Release Services, Lorena Castillo-Ruiz, Mail Stop: RGV-C4-450, Mail Stop: TPSA-88, MERS, Real Estate Owned (REO), Rebecca Baney, ReconTrust, ReconTrust operating system, recontrustco.com, REO Customer Escalation Team, Richardson, Sam Shmikler, Simi Valley, Tempe, Texas, Trustee's Sale Officers, Trustee's Sale Processors, TSG, TX, unlisted purchases
Posted in bubble, Corruption, Eviction, expert witness, securities fraud, Servicer |

From any pool. Prospectus and any selling material. I WANT THE ACTUAL BOND. SEND TO NEILFGARFIELD@HOTMAIL.COM. THANK YOU.[...]

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Posted in Uncategorized |

YOU DON'T NEED TO BE DELINQUENT TO SETTLE OR MODIFY. It might just be a good time to pick up the phone right now and call the servicer, trustee, or whoever is saying they have your loan (even though they don't) and make a deal. Think about it first. Don't be too generous to them and don't be to greedy…[...]

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Tags: "modification" agreement, BofA, Complaint to Quiet Title, David Streitfeld, delinquent, friendly quiet title action, LAWYER, modification, Mortgage, Obama, quiet title, servicer, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

The Federal Reserve Board has issued an interim final rule under Regulation Z to implement the recent Truth in Lending Act (TILA) amendment that requires new owners and assignees of mortgage loans to notify consumers of the sale or transfer. While mostly helpful in foreclosure defense,  the rule leaves open the question of ownership of the loans. Because of the…[...]

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Tags: agents, AGGREGATOR, consumer protection, contact information, creditor, foreclosure defense, legal notices, MERS, mortgage backed securities, mortgage loans, principal residence, Real Estate Settlement Procedures Act, Reg Z, resolve payment issues, RESPA, secured, statutory damages, TILA, violation
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

NEWS REPORTS HAVE BEEN SPORADICALLY REFERRING TO THE OLD DERIVATIVES BEING RE-PACKAGED AND SOLD AGAIN. This is called resecuritization. It takes the old pools, or what's left of them, puts them together with other old pools, and creates a brand new Special Purpose vehicle that issues brand spanking new mortgage backed bonds. The backing in this case is the old…[...]

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Tags: 2009-12, Business Wire, CHL 2007-9, Class A-6, CLTV, collateral risks, combined loan-to-value, delinquency status, discovery, Fitch ratings, FOF, Frequency of Foreclosure, HERS, J.P. Morgan Resecuritization Trust, Loss Severity, ResiLogic model, risk factor, Wells Fargo, WFMBS 2007-11
Posted in bubble, Corruption, Eviction, securities fraud, Servicer |

SEE states-look-beyond-borders-to-collect-owed-taxes states-ignore-obvious-remedy-to-fiscal-meltdown tax-impact-of-principal-reduction accounting-for-damages-madoff-ruling-may-affect-homeowner-claims taxing-wall-street-down-to-size-litigation-guidelines taking-aim-at-bonuses-based-on-23-7-trillion-in-taxpayer-gifts payback-timemany-see-the-vat-option-as-a-cure-for-deficits As we have repeatedly stated on this blog, the trigger for the huge deficits was the housing nightmare conjured up for us by Wall Street. Banks made trillions of dollars in profits that were never taxed. The tax laws are already in place. Everyone is paying taxes, why are they not paying…[...]

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Tags: "out-of-state" transactions, damage awards, fines, penalties, predatory lending, real property, registration fees, revenue due from Wall Street, securitizing loans, state taxation, Tax Apocalypse, tax laws, taxes
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

Rule of Thumb: If they can't execute a release or satisfaction of the mortgage, then they can't foreclose. And if they did, it is reversible. Whistle-Blower: Banks Give Homeowners the Runaround "In our managers meeting, which can last eight or nine hours, we probably addressed mortgage modifications five minutes or less," the banker said. Editor's Note: The reason is simple.…[...]

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Tags: ABC World News, creditors, DAVID MUIR, Diane Sawyer, foreclose, foreclosure defense, heavy caseloads, homeowners, judicial states, Mortgage, mortgage modification, non-judicial, release, satisfaction, securitization, securitized mortgages, Wells Fargo, Whistle-Blower
Posted in bubble, Corruption, Eviction, securities fraud |

Wells Fargo Bank, N.A. appears in many ways including as servicer (America Servicing Company), Trustee (although it does not appear to be qualified as a "Trust Company"), as claimed beneficiary, as Payee on the note, as beneficiary under the title policy, as beneficiary under the property and liability insurance, and it may have in actuality acted as a mortgage broker…[...]

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Tags: 120 East Fourth Street, 2010, 2855 Elm Street, 419-228-2091, 419-229-3786, 45201-5480, 45202, 45801, 45805, 513-241-3100, 513-241-4094, 620-624 N. Main stree, agency agreement, agency authority, America Servicing Company, American Home Mortgage, appearance of propriety, as trustee, Assistant Secretary, bank charter, beneficiary, Cincinnati, co-underwriter, commercial bank, conveyance of a percentage ownership in the pool, creditor, DD615990, Depositor, documentation, Florida Notary, foreclosure, funds were advanced, HERS, HOLDER, holder of the note, homeowner, indenture, investment bank, Irving, JP Morgan Chase Bank, Kathy Smith, lender, LERNER, Lima, Linda Bayless, money, MORTGAGE BROKER, N.A, N.A Trustee, November 19, Obligation, Oh, Ohio, Option One, Option One Mortgage, Option One Mortgage Loan Trust, Option One Mortgage Loan Trust 2007-6 Asset Backed Certificates, P.O. Box 5480, P.O. Box 631730, Payee, pooling and service agreement, presumption, property and liability insurance, Prospectus, repayment of principal non-recourse, Robert B. Blackwel, SAMPSON & ROTHFUSS, securities underwriter, securitization chain, securitized loan, Series 2007-6, Suite 200, Suite 800, Susana E. Lykins, Texas, title policy, trust, Wells Fargo, Wells Fargo Bank
Posted in bubble, Corruption, Eviction, expert witness, foreclosure mill, securities fraud, Servicer |

First I want to thank the readers who are sending in information that connects the dots. Relationships between companies that were not obvious, signors with dubious authority. Signors on assignments, allonges, indorsements, affidavits on behalf of multiple "employers (see Judge Schack's decisions), Pool Names, Trustees, servicers, underwriters, loan originators etc. are all pouring in. While we are compiling the database…[...]

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Tags: HERS, SEARCH ENGINE
Posted in bubble, Corruption, Eviction, securities fraud |