The goal is to avoid strict registration and disclosure requirements and regulations by the SEC. That is the goal because the only way unscrupulous investment bankers can at least argue that they are not cheating anyone is by withholding information about the brand new investment vehicle. But they're cheating and they are creating nothing out of nothing and then selling…[...]

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Like always, there is the "in-group" and then everyone else. Ocwen is viewed as a hot trade even though it has no discernable business base other than receipt of income from conduits or sham conduits who have nothing to do except serve as conduits for payments of money to Ocwen -- but as long as it is needed as a…[...]

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The question is related to whether the SEC had undertaken any analysis of supposedly exempt MBS certificates. It is obvious that it has not done so. The agency has taken a position that is contrary to express factual and legal findings in thousands of court cases, administrative proceedings, and settlements. Such certificates are only exempt if they are in fact…[...]

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On April 19, 2013, the Office of the Comptroller of the Currency (OCC) published "Operating standards for scheduled foreclosure sales." This was about 5 years after public recognition of the mortgage meltdown, and 1 year after the infamous 50-state settlement in which the "servicers" and Wall Street brokers settled claims of fabrication of false documents that were forged, backdated, and…[...]

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LISTEN ON APPLE PODCASTS Thursdays LIVE! Click into the Neil Garfield Show Tonight’s Show Hosted by Neil Garfield, Esq. Call in at (347) 850-1260, 6 pm Eastern Thursdays It is often true that the best challenge is after a foreclosure is complete. I know that sounds crazy. But tonight we will discuss tactics and strategies in foreclosure defense in which we…[...]

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see https://www.jdsupra.com/legalnews/irs-extends-remic-and-trust-relief-9911184/ Always wrong, never in doubt. The problem is not whether REMIC trusts, trustees, and beneficiaries should be given extensions on reporting and other relief on the cash flow generated or delayed through REMICs. The problem is that there is no cash flow through REMIC trusts. There is no real estate. There is no mortgage. There is no investment.…[...]

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Let them know what you think!!! The new suit is about charging illegal fees. But if the attorney generals of each state want real leverage they need only demand discovery responses to one simple question: Name the Creditor Who Authorized You to Act as Agent, Servicer, or Power of Attorney. Ocwen doesn't have any money to pay fines, penalties and…[...]

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 Sec.gov is basically used by foreclosure mill lawyers as an ftp site on which documents are stored rather than registered or reviewed for facial validity. But they use it to mislead the court into believing that the document is a public record document when it clearly is not. A favorite tactic of foreclosure mills for the last 12 years has…[...]

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Investors who sued based upon "bad underwriting" have received settlements. Homeowners who sue based upon "bad underwriting" are given the boot. Either they are told they cannot sue proactively or they are defeated later because the trial judge thinks the homeowner is merely trying to improperly, immorally, and unethically get out of a perfectly valid debt by weaponizing legal technicalities…[...]

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see https://www.bellinghamherald.com/news/business/article248795490.html Anyone asking for an upfront fee who is not a lawyer or other licensed professional is probably practicing law without a license and more likely than not making promises they have no way of keeping. They are telling people what they want to hear and then taking money they can't possibly earn.[...]

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