SERVICES YOU NEED Investors face an “obstacle course” of challenges in attempting to get banks to repurchase loans that failed to match their description in bond documents, Grais said bondholders said they have the power to order the trustee for the securities to start probes because the investors own 25 percent of the debt in […]

Tags: Bank of America, Bank of New York Mellon, BEAR STEARNS, countrywide, David J. Grais, Ellington Management Group LLC, Greenwich Financial Services LLC, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

According to two EMC analysts, they were encouraged to just make up data like FICO scores if the lenders they purchased loans in bulk from wouldn’t get back to them promptly Editors’ Note: With Bear Stearns “underwater” it is difficult to come up with scenario where there won’t be criminal charges brought against the bankers […]

Tags: AAA rating, BEAR STEARNS, BlueChip Films, Confidence Game, congress, criminal violations, Cuomo, EMC analysts, fabricated documents, Falsified Information, HERS, ratings, S&P, Standards and Poor's, Susan Barnes, Van Leeuwen
Posted in Uncategorized |

SEE ALSO BOE PAPER ON ABS DISCLOSURE condocmar10 If the Bank of England wants this information, how can this court deem it irrelevant? NOTE: BOE defines investors as note-holders. information on the remaining life, balance and prepayments on a loan; data on the current valuation and loan-to-value ratios on underlying property and collateral; and interest […]

Tags: ABS Disclosure, arrangement, asymmetry of information, balance, Bank of England, bankruptcy, BEAR STEARNS, cash-flow waterfalls, countrywide, Credit Suisse, current rate, current valuation, David J. Grais, default, delinquent, descriptions, Deutsch Bank, diagrams, discovery, event, Federal Home Loan Bank of San Francisco, foreclosure, fraudulent activity, Grais and Ellsworth, Gretchen Morgenstern, interest rate, levels, LITIGATION, loan-to-value ratio, loss on sale, Merrill Lynch, Moral Hazard, mortgage backed bonds, mortgage backed securities, New York Times, noteholders, performing, portfolio, prepayments, profit on sale, qualified written request, remaining life, RMBS, sale price, subportfolio, total recoveries, triggers, value of payments in arrears
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

The five biggest U.S. commercial banks in the derivatives market — JPMorgan, Goldman Sachs, Bank of America Corp., Citigroup and Wells Fargo & Co. — account for 97 percent of the notional value of derivatives held in the banking industry [$605 trillion], according to the Office of the Comptroller of the Currency. Goldman Sachs Demands […]

Tags: AIG, Alexander Samuelson, Bank of America, BEAR STEARNS, Blankfein, Bloomberg, Brad Hintz, Brian Marchiony, Chistine Harper, Citigroup, collateral arbitrage, Craig Stein, Darrell Duffie, David Viniar, derivatives, Financial Crisis Inquiry Commission, Goldman Sachs, International Swaps and Derivatives Association, ISDA, Jamie Dimon, JPMorgan, Kevin McPartland, Lehman, Michael DuVally, Michael J. Moore, Morgan Stanley, New York Fed report, Paul Hastings Janofsky & Walker, Richard Lindsey, Robert Claasen, Schulte Roth and Zabel LLP, Stanford University, Tabb Group, Wells Fargo
Posted in bubble, Corruption, securities fraud |

“(T)he differences between the values ascribed to these properties and the prices at which the properties were sold in foreclosure are significantly greater than the declines in house prices in the same geographical areas over the same periods,” Editor’s Comment: BINGO! Use this complaint for both discovery and as a pleading guide. Send me a […]

Tags: appraisal fraud, Banc of America, BEAR STEARNS, Charles Koppa, countrywide, Credit Suisse, Dave Tartre, Day and Lamprey, Deutsch Bank, discovery, eclosure sales, Federal Home Loan Bank of San Francisco, FHLB, Fruad, Goodin, Greenwich capital markets, JPMorgan Stanley, Macbride, mortgage backed bonds, property value, RBS Securities, Robert Goodin, Squeri, UBS
Posted in bubble, Corruption, Eviction, expert witness, securities fraud, Servicer |

Your case should first be summarized by your securitization expert who relies upon the expert opinions of others as to underwriting, appraisal, mortgage brokers etc. Then those other experts come in. After that, the forensic analyst and homeowner come in to fill in the facts upon which the experts relied. But you build your case […]

Tags: agent, allonge, bank of new york, BEAR STEARNS, Bear Stearns Asset Backed Certificates Series 2003-2, cross examination, custodian, cut-off date, EMC, endorsement, expert, forensic report, Form 8-K, fraud, Greenville, JP Morgan, JP Morgan Chase, MERS, MIN, MOM, opinions, Pool field, RBMG, securitized transactions, title policy, Wells Fargo Bank
Posted in bubble, Corruption, Eviction, securities fraud |

From a mortgage auditor/contributor: CONTACT: mortgagefrauds@aol.com In July 2005, I met with the FTC staff attorneys in Washington, D.C. who investigated and prosecuted Fairbanks Capital Corp. In connection with the Fairbanks investigation, a former client [Michael Dillon, Manchester, NH] had supplied the FTC with an audit I had performed of his FCC-serviced loan which, I know, the […]

Tags: BEAR STEARNS, certified fraud examiner, EMC, lost note, Mortgage Servicing Fraud, Ralph Summerford
Posted in Eviction |

OHIO STATE COURT CANCELS FORECLOSURE SALE AND STAYS FORECLOSURE CASE FILED BY TRUSTEE FOR BEAR STEARNS ASSET-BACKED SECURITIES ON FILING OF FEDERAL ACTION AGAINST BEAR STEARNS AND ITS BROKERS AND OTHERS FOR VIOLATIONS OF FEDERAL TRUTH-IN-LENDING ACT, FEDERAL REAL ESTATE SETTLEMENT PROCEDURES ACT, CONSUMER PROTECTION STATUTE, CIVIL RICO, FRAUD, AND OTHER RELIEF In another historic […]

Tags: BEAR STEARNS, FORECLOSURE SALE CANCELLED, fraud, Ohio, RESPA, RICO, TILA
Posted in bubble, Eviction |

This ought to help you. It is a lot of reading but it has a lot of meat in it. bear-stearns-story  

Tags: BEAR STEARNS, foreclosure defense, predatory lending
Posted in bubble, Eviction |

I WANT YOUR STORIES!!! HERE IS WHAT I JUST RECEIVED FROM A LAWYER I KNOW — This one who I have been corresponding with sent me an e-mail describing the events of her “closing” where she was told by the Countrywide loan officer that her dad’s life estate did not need to go on the […]

Tags: BARNES AND NOBLE, BEAR STEARNS, CALIFORNIA, Eviction, mortgage meltdown, NON-JUDICIAL SALE, Sheriff, WASHINGTON
Posted in bubble, Corruption, Eviction, securities fraud |