BEWARE OF SCAMS   As though it isn't bad enough, we are receiving increasing numbers of reports of scams, mistakes and just plain stupidity on the part of lenders, investors who own mortgage-backed securities etc. Like the woman who just told she is in foreclosure by Wells Fargo on a house she never closed title on. Or the "mortgage workout"…[...]

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Tags: CINCINATTI, foreclosure defense, fraud, LOAN ERRORS, RESPA, scams, TILA, Wells Fargo
Posted in bubble, Eviction |

That confidence in the U.S. dollar is at an all-time low is no surprise. But when countries start propping up currencies that are barely on the radar, you know that central bankers are thinking that the U.S. government is not doing enough to shore up the fundamentals of its economy. This translates to a lack of confidence that the dollar…[...]

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Tags: amnesty, ARIZONA, Bank of Japan, borrowers, Central Bank of Iceland, euro, European Central Bank, Florida, foreclosure defense, foreclosure rules, krona, ledners, Nevada
Posted in bubble, Corruption, Eviction, securities fraud |

In this study, the authors provide an exhaustive and invaluable aid, with plenty of charts and explanations of the mortgage meltdown, sub-prime and general credit crisis. This is MUST reading for anyone who is filing securities actions and foreclosure defense. With this paper, you can understand who the players are and what they were doing. This paper is thus far…[...]

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Tags: 10b-5 claims, disclosure, foreclosure claims, foreclosure defense, Harvard, mortgage meltdown, sub-prime, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

COUNTRYWIDE SUED FOR IMPROPER LENDING PRACTICES BY ITS SHAREHOLDERS: GOOD MATERIAL HERE FOR BORROWERS TO ALLEGE IN THEIR LAWSUITS AND DEFENSIVE ACTIONS In these posts I am trying to keep pace with the events unfolding on the investor side of the Mortgage Meltdown. That is because these lawsuits are more sophisticated than the usual fair you find with lawyers representing…[...]

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Tags: borrowers, CALIFORNIA, countrywide, lenders, Pfaelzer, risk, securitization, underwriting standards
Posted in bubble, Corruption, Eviction, securities fraud |

Jose wrote: Thanks for the input K, I filed for BK today pro se I was totally unable to find and attorney with the enough guts in Virginia to take on these crooked lenders. There also another issue in our wonderful state, there is a statute that allows for the lenders to provide a lost note affidavit, most of these…[...]

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Tags: affidavit, interrogatories, lost note, request to produce, Virginia
Posted in bubble, Corruption, Eviction, securities fraud |

There are lots of things we do as human beings that are counterproductive in the sense of preventing ourselves from getting what we want. One of them is racism. Whether you harbor some small or large negative feeling toward one race or another consider this: Negative red lining: In order to carry off the largest economic scam in history, bankers…[...]

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Tags: blacks, Einstein, home equity, kokomo, Obama, prejudice, racism, whites
Posted in bubble, Corruption, Eviction, securities fraud |

  Credit Crisis Over? --- Not by a Long Shot   As you can imagine I get emails and comments from hundreds of people seeking help and whose houses are going into sale or foreclosure, most of whom are completely unaware that they have rights superior to the lender, if they can find someone to help them like www.repairyourloan.com.   …[...]

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Tags: Bernanke, congress, credit, credit crisis, good faith estimate, mortgage backed securities, National Association of realtors, TILA, treasury securities
Posted in bubble, Corruption, Eviction, securities fraud |

Which is true? The answer is neither. The measurements of inflation are ALL skewed to give impressions to the reader that benefit the administration.  U.S. food prices rise 0.9% -- their largest monthly increase in 18 years 5/14/2008 8:33:39 AM OR Consumer-level inflation tame in April, U.S. says Headline growth's up a moderate 0.2%; core rate rises a slim 0.1%[...]

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Tags: food prices, inflation
Posted in bubble, Eviction |

Anyone reading this site will not find it surprising that the number of foreclosures is rising by unprecedented numbers at unprecedented rates. At the same time, the FBI is getting involved claiming mortgage fraud is on the rise at well. Let's tell it like it is: Until this scam was perpetrated by Wall Street on the American Public, the cases…[...]

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Tags: borrowers, foreclosures, fraud, lenders, mortgage brokers, underwriting
Posted in bubble, Corruption, Eviction |

Just remember --- the higher the rate they are willing to pay the higher the risk you are taking. There are exceptions, because of the issues of perceived risk versus actual risk. The same caveat holds true for low rates --- just because it is a very low rate doesn't mean that it is safe. Banks do fail and FDIC…[...]

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Tags: bank failure, CD rates, FDIC, Savings rates
Posted in Uncategorized |