Appraisal fraud creates both civil and criminal liability. And even now, many licensed appraisers remain deeply uncomfortable with the current system of artificially inflated valuations. To keep the machine running, investment banks — acting through their principal agents, Black Knight and CoreLogic — have turned to automation. Property valuations are now generated by algorithms, not […]

Tags: Appraisal, Black Knight, CoreLogic
Posted in Corruption, Fabrication of documents |

CoreLogic’s Admission to the CFPB In response to a Consumer Financial Protection Bureau (CFPB) complaint, CoreLogic made startling admissions about its role in U.S. foreclosures. CoreLogic confirmed that VendorScape exists, despite attempts to obscure its use. VendorScape is described as an “electronic case management system,” but in practice, it operates as the central hub for […]

Tags: Black Knight, CFPB Complaint, CoreLogic, Hearsay on hearsay, motion to strike exhibits, motion to strike testimony, Ocwen, timely objections, VendorScape
Posted in Corruption, discovery, evidence, foreclosure defenses, Pleading, securities fraud, Servicer |

By K.K. MacKinstry/LendingLies Today I listened to a webinar about housing trends hosted by website Housingwire.  Ten-minutes after logging in, I logged off.  Chief Economists from Fannie Mae and the Mortgage Bankers Association discussed economic indicators that were little more than banker’s spin.  They stated that Federal Reserve rate hikes would preserve the wealth effect […]

Tags: CoreLogic
Posted in Uncategorized |

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Tags: Akron Beacon Journal, Chase Bank, Chicago Tribune, Chief judge Joseph McKinley Jr, CoreLogic, corruption of title chains, county recorder offices, Fannie MAe, FHFA, fraud, Freddie Mac, Joe Fantozzi, kentucky, Louisiana, MERS, mortgage fraud, Ohio, Recording fees, RICO, robosigning, Tara Steele, taxes
Posted in bubble, Corruption, Eviction, securities fraud |

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Tags: American Title Insurance, bypass brokerages, CoreLogic, default RELS, Des Moines IA, Domestic Entity Other, Doresey & Whitney LLP, FFIEC, First American Real Estate Solutions, independent Title Abstractors, Mark C Oman, Michael J Heid, Nancy Drewe, nationwide telesales, Novel Method, Preapproved loans without borrowers, real estate loan, RELS LLC, RELS Title dba ATI Title, Rels Title Settlement Services, REO, secondary market promissory notes, Urbandale, Wells Fargo home Mortgage Inc, Wells Fargo Home Mortgage Insurance
Posted in Uncategorized |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE SEE FULL ARTICLE ON SUBPRIMESHAKEOUT.COM LINK BETWEEN APPRAISAL FRAUD AND HIDDEN 2D TIER YIELD SPREAD PREMIUM EDITOR’S NOTE: Now the FDIC gets it too. THE WORSE THE LOAN THE MORE MONEY THEY MADE. In the convoluted logic of the mortgage mess the investment […]

Tags: allocation of loss, appraisals, causes of the crisis, Complaints, conflicts of interest, CoreLogic, FDIC, Federal Home Loan Banks, fiduciary duties, foreclosure, foreclosure defense, foreclosure offense, fraud, irresponsible lending, lawsuits, liabilities, loan files, loss causation, LPS, private label MBS, re-underwriting, rep and warranty, RMBS, statistical sampling, subprime, successor liability, underwriting practices, valuation, WAMU
Posted in Uncategorized |

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S QUESTION: Just what do they expect these people to do? The actual number of underwater homes  is now approaching 20 million or 40% of all homes — again because of the way they measure it, leaving out things that directly affect the actual price paid […]

Tags: Business News, CoreLogic, foreclosure crisis, foreclosures, home prices, home sales, negative equity, Underwater Mortgages
Posted in bubble, Corruption, Eviction, securities fraud |

The model concluded that roughly one-third of the loans were for amounts that were 105 percent or more of the underlying property’s value. Roughly 5.5 percent of the loans in the pools had appraisals that were lower than they should have been. In one pool with 3,543 loans, for example, the CoreLogic model had enough […]

Tags: CoreLogic, Credit Suisse, David J. Grais, DEUTSCHE BANK, GRETCHEN MORGENSON, HERS, Home Loan Banks, investment banks, investors, Merrill Lynch, mortgage securities, San Francisco Home Loan Bank, Seattle Home Loan Bank, UBS, VP4
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |