Editor’s Note: Home sales will continue to drop, home prices will continue to drop, banks will continue to fail until principal reduction is recognized as the reality of the situation. More than 11 million homeowners are reportedly under water. The real number is closer to 20 million. see Modifications Pushing More Homes Underwater. Our economy cannot […]

Tags: bank failures, borrowers, FDIC, home sales, homeowners, investors, modifications, Sheila Bair, underwater, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

I have been thinking about this as the questions pile in. Here are my thoughts so far — 1. Be careful with the Lehman bankruptcy and any other bankruptcy filing by one of the financial services companies that was even tangentially related to the process of the securitization of mortgages. Bankruptcy law has some features […]

Tags: bank failures, COMPETENCE OF A WITNESS, EIVDENCE, FORECLOSURE DEFESNE, foreclosure offense, FOUNDATION, PROOF, quiet title, securitization
Posted in Eviction |

Some interesting thoughts about the effect of bank failure. If the bank was the “lender” on your mortgage (or Deed of Trust) and note, what happens to the mortgage and note? Mutual of Omaha here is taking over the deposits of these failed banks. See below. Is FDIC going to foreclose on “non-performing” loans? If […]

Tags: bank failures, FDIC, foreclosure defense, Lender Liability
Posted in Eviction |

Financial Services Bad News Banks Liz Moyer, 05.29.08, 3:00 PM ET    The number of troubled U.S. banks is rising. The outlook: more pain as the credit crisis enters its second wave. The Federal Deposit Insurance Corp. (FDIC) is now tracking 90 “problem” banks, 18% more than in the fourth quarter and the most in almost […]

Tags: bank failures, brokered deposits, FDIC
Posted in Eviction |

While you might be thinking it couldn’t happen to better people, bank failures are not good for you or anyone else in the economy, as a general rule. But, on the other hand, it is quite possible that in the crush of failures expected in 2008-2011, that loan you have on your house, car, boat […]

Tags: bank failures, Cassidy Ratio, CFC, CNB, CORS, EWBC, FDIC, foreclosure defense, IMB, NCC, RBC, STSA, Texas Ratio, UCBH
Posted in bubble, Eviction |