“If we know with certainty that misrepresentation to investors lies at the heart of the so-called securitization scheme, why is it so hard for Judges and lawyers to believe that misrepresentation to homeowners lies at the heart of the origination of the loans that were the most important part of the securitization scheme? In fact, […]

Tags: AGGREGATOR, AIG, AMbac, bailouts, Bank of America, buyouts, countrywide, Federal government, fraud, Merrill Lynch
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: It is no small wonder that the banks are scared. After all they created MERS and they control MERS and many of them own MERS. The Washington Supreme Court ruling leaves little doubt that MERS is a sham, leaving even less doubt that an industry is sprouting up for wrongful foreclosure in which […]

Tags: AIG, AMbac, bailout, banks, congress, credit default swaps, insurance, Master Servicer, MEGABANKS, MERS, Supreme Court, TOXIC WASTE, voting, WASHINGTON, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE FHFA ACCUSES BANKS OF FRAUD: THEY KNEW THEY WERE LYING “FHFA has refrained from sugar coating the banks’ alleged conduct as mere inadvertence, negligence, or recklessness, as many plaintiffs have done thus far.  Instead, it has come right out and accused certain banks […]

Tags: acquisitions, AMbac, bailout, bankruptcy, banks, BEAR STEARNS, BofA, bondholder actions, borrower, Complaints, contract rights, countrywide, damages, DEUTSCHE BANK, disclosure, EMC, Fannie MAe, Federal Home Loan Banks, FHFA, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, Freddie Mac, freeriders, Goldman Sachs, Government bailout, investors, irresponsible lending, JPMorgan, jury trials, lawsuits, lending guidelines, liabilities, LITIGATION, litigation costs, loan files, LOAN MODIFICATION, loss causation, loss estimates, LTV, MBS, media coverage, Merrill Lynch, misrespresentation, modification, monoline actions, mortgage fraud, motions to dismiss, negligence and recklessness, private label MBS, procedural hurdles, putbacks, quiet title, quinn emanuel, ratings agencies, rep and warranty, Repurchase, rescission, RESPA, RMBS, securities, securities laws, securitization, shareholder lawsuits, sole remedy, sophistication, stability, standing, statistical sampling, statutes of limitations, subpoenas, successor liability, TILA audit, too big to fail, trustee, TRUSTEES, underwriting practices, Wall St., WAMU, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Using the exhibits filed by the respondents the confusion created by the respondents, the on-record conduct of the Respondents in arrogant defiance and contempt of the this Court’s discharge injunction, and the breaks in chain of title that are self-evident (and clearly shown […]

Tags: AMbac, bankruptcy, borrower, CAL-WESTERN RECONVEYANCE, CHEVY CHASE, countrywide, disclosure, First Magnus, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, MERS, modification, Pamela Campbell, quiet title, RELATING TO, rescission, RESPA, sale, securitization, servicing rights, Specialized Loan Services, Substitution of Trustee, TILA audit, trustee, UACTION, US BANK, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary New Questions Raised in Mortgage Financing EDITOR’S COMMENT: I worked on Wall Street and I was an investment banker. I know the mentality. If money is sitting there, they will take it and worry about it later. This article is the tip of the iceberg […]

Tags: AMbac, Bear Sterns, DEUTSCHE BANK, JPMorgan Chase, Lehman Brothers
Posted in bubble, Corruption, Eviction, securities fraud |

“The securitization of debt was in reality a distribution of cash unsupported by any rightful claim to it.” EDITOR’S NOTE: Another unthinkable “counter-intuitive” part of the process of disintegration on Wall Street. AMBAC, whose business was insuring those alleged mortgage bonds that turned out to have nothing in them, is going broke. Like its competitor, […]

Tags: AMbac, Assured Guaranty, BOND INSURER, Wilbur Ross
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: Here is the problem. As I explained to a Judge last week, if Aunt Alice pays off my obligation then the fact that someone still has the note is irrelevant. The note is unenforceable and should be returned as paid. That is because the note is EVIDENCE of the obligation, it isn’t THE […]

Tags: 09-04083, accounting, AMbac, appointment of a receiver, Aunt Alice, authenticated business records, Bank of America Corp, Bank of New York Mellon Corp, banks, Bloomberg LP v. Board of Governors of the Federal Reserve System, bloomberg.net., Bob Ivry, Citigroup Inc, Clearing House Association, Clearing House Payments Co, competent witnesses, conceivable doubt, credit default swaps, crisis, Deutsche Bank AG, evidence of the obligation, Fed, Freedom of Information Act, HERS, High Court, HSBC Holdings Plc, JPMorgan Chase & Co, Maiden Lane, MERS, motion for lift stay, Obligation, Paul Saltzman, PNC Financial Services Group Inc, proceeds of the borrowers transaction, PSA, receiver, Saltzman, servicers, summary judgment, TALF, TARP, The Clearing House Association LLC, The New York Times, third party sources, Thomas Golden, U.S. Bancorp, U.S. Court of Appeals in Manhattan, UBS AG, Wells Fargo & Co, Willkie Farr & Gallagher LL
Posted in Uncategorized |

And THAT is why you are entitled to compel discovery, compel answers to your QWR, DVL and other requests. If the losses were not real, if the pools were marked down solely on the say-so of the financial institutions that created them, if the default rate was really much lower than the declared defaults, if […]

Tags: accounting, Alistair Barr, AMbac, default, HERS, illusory losses, John Spence, MarketWatch, mortgage backed securities, pretender lenders, price-earnings ratio, principal reduction, sham financial transactions, third party payments
Posted in Corruption, Eviction, securities fraud |

“The problem is not that the mortgages are in default. The problem is that the investment banks are in default of their obligations to investors and homeowners. Until Government and the Courts realize this simple fact, they will never untangle the debris caused by the illusion of a crash. If that day ever comes, more […]

Tags: AIG, AMbac, CDO, default, delinquency, FGIC, Goldmn Sachs, Janet tavakoli, John Paulson, Paykin Krieg and Adams LLP, Thomas Adams
Posted in bubble, Corruption, Eviction, securities fraud |

While my editorial opinion has been fairly obvious in these articles, I feel the need to express them directly. The fundamental truth that is missed in the media and those in government and finance close to the microphones is that this did not start with the borrowers — it started with the investors who bought […]

Tags: AIG, AMbac, bailout, borrowers, foreclosure defense, foreclosure offense, investors, POLICY
Posted in Eviction |