Forbes has taken notice. There is a shift toward borrowers in mortgage litigation. The decision points back to the origination of the loan. This decision follows a similar decision in the 4th circuit. It all comes down to what actually happened at closing? And we don’t actually know if the decision to allow rescission indefinitely […]

Tags: banking, foreclosure defense, rescission, TILA, truth in lending
Posted in Corruption, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

Why are our courts routinely accepting allegations and documents from foreclosing banks that they would summarily throw out if the same allegations and documents came from borrowers?  How can possession of an ALLONGE construed as ownership of the debt without any other evidence being presented? Why is the standard definition of “Allonge” ignored? IF THE […]

Tags: allonge, assignment, banking, credit bids, creditor, debt, endorsement, equal treatemnt for borrowers vs. institutions, finance, foreclosure, money, Mortgage, note
Posted in Corruption, Eviction, foreclosure mill, securities fraud |

see also Guest Post: Why The Government Is Desperately Trying To Inflate A New Housing Bubble http://www.zerohedge.com/news/2013-03-25/guest-post-why-government-desperately-trying-inflate-new-housing-bubble The problem with the theory that criminal prosecution of the banks could have a negative effect on the world economies is that the banks have already had their effect on the world economy. Along with their own well-deserved […]

Tags: bank prosecutions, banking, Bond Ratings, business, Confifdence, Cyprus, Eric Holder, finance, TBTF
Posted in bubble, Corruption, Eviction, securities fraud |

The latest change in Fed policy sounds good. You get that warm fuzzy feeling that credit will loosen up and that things are getting better. But the fact remains, that this is ANOTHER transfer of the power to create money to the PRIVATE sector, it is another green light for PRIVATE TAXATION, and worst of […]

Tags: asset backed securities, banking, Federal reserve, inflation, money, private taxation, TAF, transfer of wealth
Posted in bubble, Corruption |

Besides the obvious fraud, breach of duty and illegal disclosure of fees and interest that every lender made by participating in the mortgage meltdown, they continue to make conventional “errors” that can result in extra fees for them and compounding losses for you. Whether it happens in your account or someone else’s account the costs […]

Tags: bank errors, bank policy, banking, fees, NSF, posting
Posted in bubble, Eviction |

The reason the Federal Reserve is having so little effect is that virtually all of the “bad money” was created out of its reach. People create their own money in many types of transactions, and even if some portion goes through the Federal Reserve, for purposes of accounting between banks, the creation and existence of […]

Tags: banking, devaluation, Federal reserve, Germany, Glass Seagal, mortgage meltdown
Posted in bubble, Eviction |

Mortgage Meltdown: Right and Wrong and the Law Salmon Chase was part of the solution during the civil war when he made decisions and advised the President and lent his formidable name to plans that salvaged the currency of the young Republic, the economy of the nation, and the unity of a government experiment. Chase […]

Tags: banking, integrity, JP Morgan, mortgage meltdown, personal character, Salmon Chase
Posted in Eviction, securities fraud |