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
Posted in bubble, Corruption, securities fraud |

David Johnson, Commission No. 1689603, Expiration date 08/25/2010, Deutsche Bank National Trust Campany, 1761 East St Andrew Place, Santa Ana CA 92705.  Current status is Qualified. Tuan Quach, Commission No. 1838344, Expiration date 02/26/2013, Deutsche Bank National Trust Co, 1761 East St Andrew Place, Santa Ana CA 92705.  Current status is Qualified.[...]

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Tags: 02/26/2013, 08/25/2010, 1761 East St Andrew Place, 92705, Commission No. 1689603, Commission No. 1838344, David Johnson, Deutsche Bank National Trust Campany, HERS, Notaries, Santa Ana CA, Tuan Quach
Posted in Corruption, Eviction, foreclosure mill, securities fraud, Servicer |

BofA Title claims BofA Wants $535M From Title Insurers By DAN MCCUE CHARLOTTE, N.C. (CN) - Bank of America claims mortgage insurers owe it more than $535 million for losses it suffered when the housing bubble burst. BofA, which bought the poster boy of the subprime lending fiasco, Countrywide Financial, 2 years ago, says title insurers unfairly refuse to cover…[...]

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Tags: actual monetary loss or damage, Bank of America, Countrywide financial, Dan McCue, Davis Halvreich, FACT Master Loan Policy, First American Title Insurance, FiServ Solutions, Fleet, home value, ILS Quick Close Lien Protection Insurance program, Integrated Loan Services, legal description claims, Lien Position claims, principal, Public records, recording, Reed Smith, TARP, title defects, Triad Guaranty Insurance, United General Title Insurance, vesting claims
Posted in bubble, Corruption, Eviction, securities fraud |

The simple way of knowing is if we SAY ON THE BLOG we endorse them, then they are endorsed. Some companies "troll" the comment forums here at LivingLies soliciting  or posting contact info, at times other websites may claim some relationship or endorsement(in one case they went as far as listing Brad's name under the "management team" on their website).  So far, while we have our preferences we have endorsed…[...]

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With the Obama administration and private lenders actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued an advisory to taxpayers who receive -- or seek to receive -- such assistance if it's offered. Editor's Note: The only thing I would add to this, for the moment, is that any principal reduction is basically an…[...]

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Tags: cancellations, damages, distressed homeowners, forgiveness of debt, Form 1099-C, Form 982, income tax, IRS, Obama, Ocwen, principal reduction, principal residence, real estate taxes, Ron Faris, subprime loans
Posted in bubble, Corruption, Eviction, securities fraud |

Vargas_MTD_Tentative1 Judge Buford in Bankruptcy Court has no problem seeing the real issues. Here he is again stating that MERS has no standing and that MERS is confused as to whether it is acting in is own behalf or as agent for the note holder. He further makes it clear that the loan is not secured by the real property…[...]

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Tags: bankruptcy petition, foreclosure, foreclosure sale, Judge Buford, MERS, mortgage note, nominee, note holder, sale, standing
Posted in bubble, Corruption, Eviction, securities fraud |

From http://www.mattweidner.com These statutes provide numerous regulations and requirements that entities engaging in trust activities should comply with, but the regulations are largely being ignored by the entities engaging in trust activities and both courts and the enforcing agency, the Florida Department of Financial Services, Editor's Note: Matt Weidner is onto something here that has been pointed out by many…[...]

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Tags: AGGREGATOR, beneficiary, BOA, Charles Koppa, F.S. Chapter 650, F.S. Chapter 660, Florida Statutes, Greenwich fianncial, Internal revenue Code, investors, Matt Weidner, REMIC, res, SPV, trust, trustee
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"(T)he differences between the values ascribed to these properties and the prices at which the properties were sold in foreclosure are significantly greater than the declines in house prices in the same geographical areas over the same periods," Editor's Comment: BINGO! Use this complaint for both discovery and as a pleading guide. Send me a copy of al pleadings when…[...]

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Tags: appraisal fraud, Banc of America, BEAR STEARNS, Charles Koppa, countrywide, Credit Suisse, Dave Tartre, Day and Lamprey, Deutsch Bank, discovery, eclosure sales, Federal Home Loan Bank of San Francisco, FHLB, Fruad, Goodin, Greenwich capital markets, JPMorgan Stanley, Macbride, mortgage backed bonds, property value, RBS Securities, Robert Goodin, Squeri, UBS
Posted in bubble, Corruption, Eviction, expert witness, securities fraud, Servicer |