Judges may be biased in favor of “national security” (i.e., protecting the banks), but they have a surprisingly low threshold of tolerance when they are confronted by the bank’s argument that they don’t have to accept the money and that it is the bank’s option as to whether to accept the money or proceed with […]

Tags: ARTICLE 3, bondholders, Golden Rule of Mortgage Foreclosure, holder in due course, merger doctrine, MERS, noteholders, PETE, proper negotiation of ntoe, UCC
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For further information please call 954-495-9867 or 520-405-1688 ============================ see Fund Manager’s Letter to Bondholders Detailing Sins of Ocwen Chickens are coming home to roost. Just read the letter. Anyone who is litigating a case where Ocwen is involved in any way in the chain of title or ownership of the loan paperwork should read […]

Tags: bondholders, CALIFORNIA, CFPB, Investigations, New York, noteholders, Ocwen, servicing default
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For Further information please call 954-495-9867 or 520-405-1688 ========================== see http://dealbook.nytimes.com/2015/01/26/ocwen-and-bondholders-clash-over-mortgage-services/?_r=0 And if you are in the mood to drill into Ocwen’s Business, see http://www.sec.gov/Archives/edgar/data/1513161/000119312513024292/d474092dex991.htm Every once in a while you get a peek at what is really happening behind the scenes. The view from here is startling sometimes even to me. Here we have […]

Tags: bondholders, Master Servicer, Ocwen, PSA, REMIC, TRUSTS, Underwriter
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Featured Products and Services by The Garfield Firm NEW! 2nd Edition Attorney Workbook,Treatise & Practice Manual – Pre-Order NOW for an up to $150 discount LivingLies Membership – Get Discounts and Free Access to Experts For Customer Service call 1-520-405-1688 Want to read more? Download entire introduction for the Attorney Workbook, Treatise & Practice Manual 2012 […]

Tags: AG Biden, Ally, Ally Financial Inc., attorneys general, BAC, bank loan bundling, Bank of America Corp, Bank of New York Mellon Corp, BEAR STEARNS, Beau Biden, Bermuda, Beth Kaswan, Biden-Schneiderman, BK, bond trustees, bondholders, bundling of mortgage loans into securities, Catherine Cortez Masto, Citigroup Inc, common law, countrywide, credit default swaps, credit enhancements, DBK, DELAWARE, DEUTSCHE BANK, Eric Schneiderman, follow the money, foreclosure practices, GMAC, IMG Enterprises LLC, Internal revenue Code, investment banks, investors, investors suing banks, Isaac Gradman, JP Morgan Chase & Co, Justice Department, K&L Gates LLP, Laurence Platt, Master Servicer, missing promissory note, mortgage backed securities, mortgage default, mortgage securing terms of the note, mortgage settlement, nonexistent pool, note as evidence of debt, notes with defects, Oklahoma Police Pension and Retirement System, pension funds, Prospectus, REMIC, Renee Calabro, residential home borrowers, Rick Simon, Schniedermann AG, Scott + Scott LLP, Securities and Exchange Commission, securitization, shoddy foreclosures, Talcott Franklin, taxpayer bailout, Teri Charest, toxic loans, unsecured debt, US Bankcorp, Washington Mutual, Wells Fargo & Co, WFC, yield spread premium
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Editor’s Note: The significance of this announcement is that the bondholders, who were insured directly by AMBAC (as opposed to the investment bankers who bought “bets” like credit default swaps) are receiving 25 cents on every dollar they funded as creditors for the funding of loan to homeowners (debtors/ borrowers). This supports and corroborates two […]

Tags: Ambac Financial Group Inc., Andrew Frye, appraisal fraud, Bloomberg, bondholders, credit default swaps, creditors, damages, debtors, default, discovery, foreclosure defense, forensic analysis, full accounting, HERS, insurance, Insurance Commissioner, Jody Shenn, Obligation, payment, principal reduction, Sean Dilweg, securitized residential mortgage
Posted in bubble, Corruption, Eviction, securities fraud |