The article below was purloined from www.foreclosureblues.wordpress.com — the comments are mine. Neil Garfield “According to the Federal Deposit Insurance Corporation (FDIC), Deutsche Bank now holds loans for American single-family and multi-family houses worth about $3.7 billion (€3.1 billion). The bank, however, claims that much of this debt consists of loans to wealthy private customers. (EDITOR’S […]

Tags: ALT-A, Boundary Hall, C-BASS, CDO, Christoph Pauly, Cleveland, Common Ground, Countrywide Financial Corporation, Cricket Square, Deutsche Bank (Cayman) Limited, Deutsche Bank AG, exotic financial vehicles, FDIC, fiduciary function, foreclosureblues, foreclosures, Giaimo, Grand Cayman, HERS, Josef Ackermann, Litton Loan, Milwaukee, New Haven, ROOF Project, subprime, third-party CDO, Thomas Schulz
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

Option ARMs Come Back into Center Stage: 350,000 Active Option ARMs with over 200,000 in California. 78 Percent of Option ARMs have yet to hit Recast Dates. Option ARMs are the gift that keeps on giving this holiday season.  As it turns out, these pesky toxic mortgages are still sitting waiting to hit recast periods.  […]

Tags: ALT-A, CALIFORNIA, HAMP, Inland Empire, Long beach, Los Angeles, Option, Option ARM, Phoenix, reset, shadow inventory, toxic mortgages, underwater
Posted in bubble, Corruption, Eviction, securities fraud |