COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary SEE CHART OF WACHOVIA SECURITIZATION TRACKING THE MONEY FLOW I don't think I published this before. Our very own Dan Edstrom, senior securitization analyst, is the one who did it. Amazing work. This gives you an idea of what he can do for you if you want to drill down…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

Dec. 30 (Bloomberg) — Marc Faber, who advised investors to buy U.S. stocks in March 2009 as the Standard & Poor’s 500 Index began a rally of as much as 86 percent, said U.S. Treasuries are a “suicidal” investment. Government bonds are likely to decline, said Faber, who publishes the Gloom, Boom and Doom report. After bottoming in December 2008,…[...]

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READ STORY ON MATT WEIDNER BLOG December 29th, 2010 · 3 Comments · Foreclosure This really shouldn’t be a BOMBSHELL and I shouldn’t have to keep abusing my SHIFT key to EMPHASIZE the importance of our courts correctly applying the law in foreclosure cases, but it’s just so darn exciting to see.  The fact of the matter is Florida’s Second…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

No governmental relief is in sight for homeowners except in isolated instances of community action together with publicity from the media. State and federal governments continue to sink deeper into debt, cutting social and necessary services while avoiding the elephant in the living room: the trillions of dollars owed and collectible in taxes, recording fees, filing fees, late fees, penalties,…[...]

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Tags: bailout, bankruptcy, borrower, credit crisis, disclosure, Federal reserve, foreclosure defense, foreclosure offense, foreclosures, fraud, Lender Liability, MERS, securitization, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S ANALYSIS: There is little doubt that MERS, MERSCORP and its progeny are headed for extinction. The effect of this, in my opinion, is to admit that in 60 million alleged mortgage transactions, title has been either clouded or fatally corrupted. In plain English the use of MERS invalidates both…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR'S NOTE: The Wall Street Journal has done an excellent job of putting a human face on the flood of foreclosures in this chronicle of the lives of many people from all walks of life. Let's hope that 2011 brings reality up front and puts out the fires of lies…[...]

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Posted in bubble, Corruption, Eviction, securities fraud |

I have received a number of reports that "outsource providers" are servicing the foreclosers by creating color copies of documents and submitting them as originals. One report is that the "original" was examined at the courthouse and found to be a printout from a very good color printer. It's a neat trick and one that has probably worked many hundreds…[...]

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Tags: audit, borrowers, disclosure, foreclosure defense, foreclosure offense, RESPA, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Remember that $700 billion in TARP? It was dwarfed by other government programs including one from the Federal Reserve. The Federal Reserve went from a non-existent player in the mortgage backed security market a year ago to owning $904 billion of the mortgage backed securities today. But we don't seem to be getting or seeing any reports of exactly what…[...]

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Tags: bailout, borrowers, Federal reserve, foreclosure defense, foreclosure offense, lenders, mortgage meltdown, quiet title, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

“I’m worried. Everyone’s worried,” said Karl E. Case, the Wellesley College economist who helped design the housing index that provided fresh cause for alarm on Tuesday. “If prices sink 15 percent from here, which is a possibility, and the 2008 and 2009 loans go bad, then we’re back where we were before — in a nightmare.” Editor's Note: OUR CITIZENS…[...]

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“I don’t sleep at night, I don’t sleep at all,” he said, rising slowly. “I tell Maria, ‘If we lose the house, I want to stop my dialysis.’ I want to die, honestly.” Editor's Note: The sad simple truth is that there are few options besides fighting this out in the courts. The simple concept that only creditors can sue…[...]

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Tags: bailout, borrower, depression, disclosure, foreclosure defense, fraud
Posted in bubble, Corruption, Eviction, securities fraud |