The first thing to think about is how many of these student loans were securitized or are subject to claims of securitization and assignments. Based upon anecdotal evidence collected thus far, most of them were securitized. That means that many of the defenses suggested for mortgage foreclosures are equally applicable to student loans. AND it […]

Tags: consumer debt, credit card, essential providers, medical students, mortgage loans, PRINCIPAL REDUCTIONS, student loans, values
Posted in bubble, Corruption, Eviction, securities fraud |

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Tags: BLOOMBERG NEWS, borrower, Case/Schiller index, consumer debt, debt bürden, Eviction, Federal reserve, financial sector, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, forgery, fraud, Gdp, housing market, housing prices, investment bankers, investment capital, Lender Liability, Mortgage, mortgage meltdown, mortgage rates, predatory lending, TBTF, tier 2 yield spread premium
Posted in Uncategorized |

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “The Minnesota attorney general, Lori Swanson, accused Encore of fraud, saying it had filed false affidavits to collect consumer debt that was not owed or had been already paid off.” HUGE POTENTIAL EFFECT ON FORECLOSURES EDITOR’S COMMENT: The significance here is not just that robo-signing was used, which violates […]

Tags: borrower, consumer debt, Debt Collection Agency, default, disclosure, Encore Capital Group, false affidavits, foreclosure defense, foreclosure offense, fraud, Lender Liability, Lori Swanson, MERS, Minnesota, payment, predatory lending, rescission, robosigning, securitization, servicer
Posted in bubble, Corruption, Eviction, securities fraud |

Any questions about the fundamentals of our economy? This is the result of driving consumers to pay for goods they don’t need or want with money they don’t have, and then covering it with equity from their house which is now vanishing before their eyes.  

Tags: consumer debt, consumer spending, savings, spending
Posted in bubble, Eviction |