SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “The act’s emphasis on preserving homeownership was particularly vital to passage. Congress was told that TARP would be used to purchase up to $700 billion of mortgages, and, to obtain the necessary votes, Treasury promised that it would modify those mortgages to assist struggling homeowners. Indeed, the act expressly […]

Tags: bailout, Bank of America, Barofsky, borrower, congress, credit crisis, creditor, disclosure, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, fraud, homeownership, rescission, RICO, securitization, TARP
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: That housing prices are continuing to fall is no surprise to anyone other than the “economists” who are mouthpieces for Wall Street and the government puppets that spout the spin — misdirecting attention from the fact that securitization of debt has been a giant illusion and that […]

Tags: bailout, bankruptcy, borrower, credit crisis, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, MERS, Mortgage, predatory lending, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: Most of the jurors had never heard of Blankfein. Lloyd Blankfein, head of Goldman Sachs, is not recognized by name or face. Somehow, despite years of publicity in which the role of Goldman Sachs with Blankfein at the head of it, most people don’t under stand the […]

Tags: bailout, disclosure
Posted in bubble, Corruption, Eviction, securities fraud |

Posted on March 23, 2011 by Foreclosureblues The Market Ticker – Oh Look, Handcuffs! Real Ones…. Yesterday, March 22, 2011, 2:07:00 PM | genesis Now this is a change…. Former FirstCity Bank executives Mark A. Conner, 44, and Clayton A. Coe, 41, each face conspiracy and bank fraud charges, the U.S. Attorney’s Office said in […]

Tags: bailout, Bank of America, borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Mortgage, predatory lending, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Posted on March 23, 2011 by Foreclosureblues Naming Names: Your Real Government Yesterday, March 22, 2011, 6:59:27 PM | noreply@blogger.com (Activist) When dark deeds unfold, point the finger in this direction. Dees Illustration Tony Cartalucci, Contributing Writer Activist Post This is your real government; they transcend elected administrations, they permeate every political party, and they […]

Tags: bailout, borrower, credit crisis, disclosure, Federal reserve, foreclosure, Lender Liability, mortgage meltdown, predatory lending, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Posted on March 23, 2011 by Foreclosureblues Fannie and Freddie Hiding Over $100 Billion of Losses? Today, March 23, 2011, 3 hours ago | Yves Smith Bank expert Chris Whalen has a little bombshell in his current newsletter. It’s so obvious that it should not only have occurred to me but pretty much everyone on […]

Tags: bailout, credit crisis, disclosure, Fannie, foreclosure, foreclosure defense, fraud, Freddie Mac, Lender Liability, Mortgage, mortgage meltdown, rescission, securitization
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GOVERNMENT IS PAID TO LOOK THE OTHER WAY EDITOR’S COMMENT: The U.S. Treasury is reported to own $4.6 TRILLION in mortgage bonds, which would make it the creditor in millions of homes that (a) have already been “foreclosed” (b) are in “foreclosure” or (c) going to be foreclosed. Yet […]

Tags: $4.6 TRILLION, bailout, borrower, Citibank, disclosure, Elizabeth Warren, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage bonds, mortgage meltdown, predatory lending, rescission, securitization, U.S. Treasury
Posted in bubble, Corruption, Eviction, securities fraud |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “If there had been a cop on the beat to hold mortgage servicers accountable a half dozen years ago,” she said at one point, “the problems in mortgage servicing would have been found early and fixed while they were still small, long before they became a national scandal.” EDITORIAL […]

Tags: bailout, bankruptcy, banks, Consumer Financial Protection Bureau, disclosure, Elizabeth Warren, foreclosure defense, foreclosure offense, Lender Liability, mortgage meltdown, Nocera, Ny Times, Obama, Office of the Comptroller of the Currency, predatory lending, Republicans, rescission, securitization, TILA
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: Krugman is right. Policy has been hijacked by ideology. It is as though we were eating our young. What do we expect them to do when they grow old enough to become part of the workforce? Poorly educated, broke, in debt from the day they were born, […]

Tags: bailout, borrower, disclosure, foreclosure, fraud, Lender Liability, mortgage meltdown, predatory lending, securitization
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: FLOYD NORRIS OF THE NY TIMES HAS WRITTEN WHAT I WAS THINKING. The question is whether we will learn from the incidents and be very aggressive in dismantling a system that poses this kind of risk. We have always heard anti-regulators say the same thing: crying wolf […]

Tags: bailout, bankruptcy, disclosure, Federal reserve, foreclosure defense, fraud, Lender Liability, mortgage meltdown, predatory lending, regulation, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |