Archives by Tag ' borrowers '
Foreclosure Defense: Countrywide Ruling Can be Cited as Persuasive Support for Bad Lending Practices
COUNTRYWIDE SUED FOR IMPROPER LENDING PRACTICES BY ITS SHAREHOLDERS: GOOD MATERIAL HERE FOR BORROWERS TO ALLEGE IN THEIR LAWSUITS AND DEFENSIVE ACTIONS In these posts I am trying to keep pace with the events unfolding on the investor side of the Mortgage Meltdown. That is because these lawsuits are more sophisticated than the usual fair […]
Anyone reading this site will not find it surprising that the number of foreclosures is rising by unprecedented numbers at unprecedented rates. At the same time, the FBI is getting involved claiming mortgage fraud is on the rise at well. Let’s tell it like it is: Until this scam was perpetrated by Wall Street on […]
TIME TO WAKE UP. EVEN IF YOU ARE NOT IN DEFAULT THE MORTGAGE MELTDOWN IS GOING TO HURT YOU UNLESS YOU ACT NOW. GET INVOLVED! THERE IS NO “MIDDLE GROUND” Most projections put the number at over 20 million homes, which means that over 95% of the people negatively impacted by the mortgage meltdown either […]
Today we have a bill pending that stops the meltdown. It is a courageous and creative step that protects all parties. It requires YOUR input, so pass this along to as many other people as you can. This is much more than a step in the right direction. It would be nice to see support […]
Mortgage Meltdown: Strategies for Defense and Settlement: Short Sales Borrowers, whether they are in foreclosure or not, are advised to write letters to their lenders claiming violations of law and their closing documents. The various causes of action and the advice to get an “audit” done of your loan have been detailed here […]
“This is not about mismanagement of a hedge fund. It is about premeditated lies to investors and lenders” – Mark Mershon, head of New York FBI office, after the arrests of two former Bear Stearns managers on conspiracy and fraud charges. Picked these up from foreclosureslam.com. The first point that the lender might not have […]
DO NOT Walk Away From Your Home Submitted by Harry on Thu, 02/21/2008 – 01:38. There are a lot of people out there that are in such dire financial straits that when it comes to their home they might feel the best thing is to just walk away. After having been served with a foreclosure […]
Whether Krugman is right in today’s New York Times, predicting a massive bailout between $450 billion and $3 trillion at taxpayer expenses, or the “free marketers” have their way and let everyone collapse, or some people finally get it and move toward a consensus of policy that forgives everyone their transgressions but keeps them in […]
Perusing Credit Suisse’s latest proposal on Capital Hill, which expands Federal guarantees on mortgages, there is good news and bad news. Good that the severity of the problem is becoming more apparent to those with their fingers on the levers of power. Good also that Credit Suisse, while obviously seeking to protect itself, has at […]
Mortgage Meltdown: Smoke and Mirrors Bailout It is obvious that the “snooty” U.S. bankers, as the Europeans are openly referring to them, still think the world is stupid. The message is out. A massive fraud has ben perpetrated by creation of complex derivative securities that looked better than they were, were rated better than they […]
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