This is an example of the information I am requesting that everyone send in so we can pool information. I am entering the names and parties in key words so you can search for them. My goal with HERS is to have an ever increasing database that will speed the research for forensic analysts and lawyers. The following six orders…[...]

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Tags: 1661 Worthington, 2007, affidavit of employment, American Brokers Conduit, Argent Mortgage company, assignment, Attorney in fact, Aurora Loan Services, Aurora Loan Services LLC, bank of new york, Castellanos, Countrywide Home Loans, Deutsch Bank, First Magnus Financial Corporation, Index No 07206/2007, Index No 15208/2007, Index No. 22375/2006, Index No. 32052/2007, Jeff Rivas, Judge Arthur M Schack, Keri L. Selman, Keri Lynn Atwood, Keri Selman, lack of standing, May 11, McKinney, Melville, MERS, Mortgage, Mortgage Electronic registration Systems, MTGLQ Investors, New York, Orosco, ownership, Robert Hardman, Sattar, Scott Anderson, Suite 100, Texas, Vice President Default Timeline Management, West Palm Beach Suite, Zamalloa
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without raising taxes one cent, many states could recover much or all of their deficit and perhaps some states could be looking at a surplus. The money is sitting on Wall Street waiting to be claimed through existing tax laws, regulatory fees, and even damage claims much like the Tobacco litigation. Editor's Note: Bob Herbert of the New York Times…[...]

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Tags: Andre Cherney, ARIZONA, Bob Herbert, CALIFORNIA, Center on Budget and Policy Priorities, Children's Health Insurance Program, CHIP, Chris Chistie, Dean Martin, Florida, income tax, infrastructure, Jan Brewer, Job Shure, New Jersey, Ny Times, Recording fees, State Budget Deficits, taxes, Treasurer, Wall Street
Posted in bubble, Corruption, Eviction, expert witness, securities fraud |

Announcing the establishment of the Homeowners Electronic Registration System (HERS) to assist in mortgage negotiations, litigation, foreclosures and modifications. HERS v MERS, Get It? We are looking for someone to go through the comments and blog posts that give the name of an officer or other person signing any paper involved in the mortgage or foreclosure of property and to…[...]

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Tags: discovery, ethics, expert declaration, fabrication mills, Fabrication of documents, foreclosure mills, forensic analysis, HERS, Homeowners Electronic Mortgage Registration System, lawyers, limited signing officers, MERS, Mortgage Electronic registration Systems, qualified written request, Rand
Posted in bubble, Corruption, Eviction, securities fraud |

SEE The Economics and Incentives of Yield Spread Premiums and Credit Default Swaps March 23, 2010: Editor's Note: The YSP/CDS paper is intentionally oversimplified in order to demonstrate the underlying economics of securitization as it was employed in the last decade. To be clear, there are several things I was required to do in order to simplify the financial structure…[...]

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Tags: borrower, credit, credit default swaps, credit worthy, creditor, damages, DEBTOR, Garfield, Garfield Continuum, identity theft, investment banker, Investor, Real Estate Settlement Procedures Act, remedies, TOXIC WASTE, Truth in Lending Act, yield, yield spread, yield spread premium
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

Bear in mind now, that underneath this all are subprime mortgage loans and pool of subprime mortgage loans in which only eight percent have to go bad for the whole CDO to be worth zero. NPR Interveiw with Lewis Author Submitted by Ron Ryan, Esq. (Tucson) with the following comment: The story broke on 60 minutes last week and on…[...]

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Tags: asymmetric access to information, CDO, credit default swaps, inherently defective loan products, Lewis, NPR, pool, subprime mortgage loans, TARP, toxic assets
Posted in bubble, Corruption, Eviction, securities fraud |

The Affidavit executed by Movant’s loan servicer makes no mention of the location of the original Note or who has possession of it. Movant proffered no business records or testimony tracing ownership of the Note and establishing Movant is the present holder of the Note. The Affidavit executed by Movant’s loan servicer makes no mention of the location of the…[...]

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Tags: 2006-3, Allonge to Promissory Note, Assignment of Mortgage and Loan Documents, Aurora Bank FSB f/k/a Lehman Brothers Bank, bankruptcy court, Case No. 6:09-bk-12240-ABB, Chapter 7, Florida, FSB, Jack Jacob, Jennifer Henninger, JORGE CANELLAS, Judge ARTHUR B. BRISKMAN, Lehman Brothers Bank, Lehman Brothers Small Balance Commercial Mortgage Pass-Through Certificates, MIDDLE DISTRICT OF FLORIDA, Motion for Relief from Stay, Note and Mortgage, Orange County, ORLANDO DIVISION, owner and holder, private securitized trust, Special Assets Administrative Assistant, trustee, Trustee Carla P. Musselman, U.S. Bank National Association
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Editor's Note: The ankle-biting is rising to a crescendo. Wait till you see what happens next. The insurers are not just alleging misrepresentation or negligence. They are saying that Countrywide and others knowingly originated bad loans. And as I have explained before on these pages they are finally "getting it." Bottom Line: The worse the loan, the higher the profit. …[...]

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Editor's Note: The primary reason for foreclosing on the wrong house is that the wrong party (not the creditor) is initiating the foreclosure and therefore lacks sufficient information about the loan, the property or the debtor. These events are corroboration of stories previously published showing that loans were placed in "pools" even though they never closed and therefore didn't exist.…[...]

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SEE ALSO BOE PAPER ON ABS DISCLOSURE condocmar10 If the Bank of England wants this information, how can this court deem it irrelevant? NOTE: BOE defines investors as note-holders. information on the remaining life, balance and prepayments on a loan; data on the current valuation and loan-to-value ratios on underlying property and collateral; and interest rate details, like the current…[...]

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Tags: ABS Disclosure, arrangement, asymmetry of information, balance, Bank of England, bankruptcy, BEAR STEARNS, cash-flow waterfalls, countrywide, Credit Suisse, current rate, current valuation, David J. Grais, default, delinquent, descriptions, Deutsch Bank, diagrams, discovery, event, Federal Home Loan Bank of San Francisco, foreclosure, fraudulent activity, Grais and Ellsworth, Gretchen Morgenstern, interest rate, levels, LITIGATION, loan-to-value ratio, loss on sale, Merrill Lynch, Moral Hazard, mortgage backed bonds, mortgage backed securities, New York Times, noteholders, performing, portfolio, prepayments, profit on sale, qualified written request, remaining life, RMBS, sale price, subportfolio, total recoveries, triggers, value of payments in arrears
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

The five biggest U.S. commercial banks in the derivatives market -- JPMorgan, Goldman Sachs, Bank of America Corp., Citigroup and Wells Fargo & Co. -- account for 97 percent of the notional value of derivatives held in the banking industry [$605 trillion], according to the Office of the Comptroller of the Currency. Goldman Sachs Demands Collateral It Won’t Dish Out…[...]

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Tags: AIG, Alexander Samuelson, Bank of America, BEAR STEARNS, Blankfein, Bloomberg, Brad Hintz, Brian Marchiony, Chistine Harper, Citigroup, collateral arbitrage, Craig Stein, Darrell Duffie, David Viniar, derivatives, Financial Crisis Inquiry Commission, Goldman Sachs, International Swaps and Derivatives Association, ISDA, Jamie Dimon, JPMorgan, Kevin McPartland, Lehman, Michael DuVally, Michael J. Moore, Morgan Stanley, New York Fed report, Paul Hastings Janofsky & Walker, Richard Lindsey, Robert Claasen, Schulte Roth and Zabel LLP, Stanford University, Tabb Group, Wells Fargo
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