According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly Editors’ Note: With Bear Stearns “underwater” it is difficult to come up with scenario where there won’t be criminal charges brought against the bankers […]

Tags: AAA rating, BEAR STEARNS, BlueChip Films, Confidence Game, congress, criminal violations, Cuomo, EMC analysts, fabricated documents, Falsified Information, HERS, ratings, S&P, Standards and Poor's, Susan Barnes, Van Leeuwen
Posted in Uncategorized |

NOW AVAILABLE ON KINDLE/AMAZON WHY THIS IS IMPORTANT TO FORECLOSURE DEFENSE AND OFFENSE: OK I know the last thing you want to hear is how complex this scheme was. But if you can get over the intimidation factor, you will see how the lawsuits filed by individual homeowners, attorney generals, and class actions are picking […]

Tags: AAA rating, borrower, disclosure, Fitch, foreclosure defense, foreclosure offense, fraud, Lender Liability, McGraw Hill, Moody's, ohio police and fire pension fund, Ohio Public employment retirement System, rating agencies, rescission, SEC, Securities and Exchange Commission, securitization, Standard & Poor's, Trile-A, underwriting standards
Posted in bubble, Corruption, Eviction, securities fraud |

And now, because nobody stepped in before the flood began, a new industry is born — bigger than personal injury lawsuits — it the flood of claims under TILA, RESPA, RICO, Securities laws, common law fraud and state and federal laws concerning false and deceptive business practices. People will be rescinding or simply voiding their […]

Tags: AAA rating, foreclosure defense, mortgage meltdown, rescission, RESPA, RICO, securities, TILA, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |