Editor’s Note: OK I’m glad they sued and I am glad they are alleging “brazen fraud.” But considering the trillions that were lost from this fraud why are the suits for only $1 billion and the settlements for only $25 billion? Why are we not clawing back the ill-gotten money from the brazen fraud they […]

Tags: Bank of America, BOA deathwatch, countrywide, Countrywide financial
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: YAWN! The government keeps filing lawsuits that COULD be big and COULD cause make corrections in the marketplace to reflect reality. But then they go nowhere, with discovery stymied by the Banks and then a settlement on the table that sells […]

Tags: American International Group, Bank of America, bankruptcy, borrower, Citigroup, countrywide, Countrywide financial, DEUTSCHE BANK, disclosure, Fannie MAe, Federal Housing Finance Agency, foreclosure, foreclosure defense, foreclosure offense, foreclosures, Frank Kelly, fraud, Freddie Mac, Goldman Sachs, JPMorgan Chase, LOAN MODIFICATION, Merrill Lynch, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary Biggest Fish Face Little Risk of Being Caught EDITOR’S NOTE: There is only one reason why there are not over 1,000 prosecutions that would successfully land the perps in jail — the reason is that the perps are the ones actually in charge. This is […]

Tags: AIG, Angelo Mozilo, BOA, countrywide, Countrywide financial, credit default swaps, Dimon, FULD, Joe Cassano, Lehman, Mozilo
Posted in bubble, Corruption, Eviction, securities fraud |

BofA Title claims BofA Wants $535M From Title Insurers By DAN MCCUE CHARLOTTE, N.C. (CN) – Bank of America claims mortgage insurers owe it more than $535 million for losses it suffered when the housing bubble burst. BofA, which bought the poster boy of the subprime lending fiasco, Countrywide Financial, 2 years ago, says title […]

Tags: actual monetary loss or damage, Bank of America, Countrywide financial, Dan McCue, Davis Halvreich, FACT Master Loan Policy, First American Title Insurance, FiServ Solutions, Fleet, home value, ILS Quick Close Lien Protection Insurance program, Integrated Loan Services, legal description claims, Lien Position claims, principal, Public records, recording, Reed Smith, TARP, title defects, Triad Guaranty Insurance, United General Title Insurance, vesting claims
Posted in bubble, Corruption, Eviction, securities fraud |