STRAIGHT OFF THE NET THANKS TO READER ALLON HILL IS THE NAME OF THIS PARTICULAR COMPANY. I'M SURE THERE ARE DOZENS OF OTHERS. Assignment Recording Residential or commercial, Agency or private delivery, Allon Hill offers a complete menu of mortgage assignment services. In the past 14 years, Allon Hill has prepared and recorded over 5 million assignments in 2,300 jurisdictions…[...]

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Tags: audit, borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, lost note, predatory lending, quiet title, rescission, RESPA, RICO, securitization, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

Forrest Gump Explains Mortgage Backed Securities Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody bites into a…[...]

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Posted in Uncategorized |

securities consultant says Merrill Lynch knew or should have known the securities they brought to market where overrated (From her website: "She wrote the first letter the SEC posted in February 2007 in response to its proposed rules for the credit rating agencies; she made the case that the NRSRO designation for the rating agencies should be revoked for structured…[...]

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Tags: bailout, depression, disclosure, foreclosure defense, foreclosure offense, lost note, mortgage meltdown, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Fraud in the factum From Wikipedia, the free encyclopedia Jump to: navigation, search Fraud in the Factum is a type of fraud where misrepresentation causes one to enter a transaction without accurately realizing the risks, duties, or obligations incurred. Black's Law Dictionary (2nd Pocket ed. 2001 pg. 293). This can be when the maker or drawer of a negotiable instrument,…[...]

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Tags: foreclosure defense, foreclosure offense
Posted in Eviction |

Notwithstanding your assertions to the contrary, the letter is very specific to the subject mortgage transaction. You are quite right however, that we are questioning virtually every aspect of the transaction because there appears to be questionable behavior on the part of multiple parties in connection with every phase of the loan transaction and subsequent sale to investors of some…[...]

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Tags: foreclosure defense, foreclosure offense
Posted in bubble |

If you have access to Bloomberg professional or other such service here is the list of items we might want on any one occasion. Obviously once we have it we don't need to do it again for the same series of certificates. Wish list would be documents we could lift, paste, print and use in whole or in part, as…[...]

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Tags: foreclosure defense, foreclosure offense
Posted in bubble, Eviction |

Countrywide Sued by Fund Over $8.4 Billion Loan Deal (Update1) greenwich-investor-complaint-against-countrywide-describing-securitization-in-simple-terms Excellent Article by Mr. Mortgage: Mortgage Security Holder Stands up to Bofa By Patricia Hurtado Dec. 1 (Bloomberg) -- Countrywide Financial Corp., the home lender acquired by Bank of America Corp., was sued by Greenwich Financial Services Fund over claims an agreement to reduce payments on mortgages by $8.4…[...]

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Tags: countrywide, modification, settlement
Posted in bubble, Eviction |

Home mortgage disclosure act data available The Office of Financial and Insurance Regulation (OFIR) announced that the 2007 data compiled under the Federal Home Mortgage Disclosure Act are available from the Federal Financial Institutions Examination Council (FFIEC). The data covers mortgage lending transactions throughout the nation at 8,610 financial institutions covered by the Home Mortgage Disclosure Act (HMDA). Covered institutions…[...]

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Tags: foreclosure defense, foreclosure offense, Home Mortgage Disclosure Act, Office of Financial and Insurance Regulation, OFIR
Posted in bubble, Eviction |

From Mario Kenny -- see comments posted to blog As we have stated repeatedly, the logistics were simple: (a) inflate the value of the mortgage backed securities with fraudulently obtained Triple AAA Ratings and (b) inflating the value of the home with fraudulent and negligent use of false comparable and ignoring time factors. The economics of lending changed "upside down"…[...]

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Tags: appraisal fraud, foreclosure defense, foreclosure offense, ratings fraud
Posted in bubble, Eviction |

AP IMPACT: US diluted loan rules before crash – Gov’t rejected tougher mortgage rules in 2005 WASHINGTON – The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an…[...]

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Tags: defaults, foreclosure defense, foreclosure offense, foreclosures, regulation
Posted in bubble, Eviction |