There are dozens of examples where CW and the other major players are getting slammed for fraudulent behavior and representations IN COURT. This time the US Trustee is going after them in bankruptcy court because of all the “maneuvers.” The plain truth is that these PLAYERS are trying to game the legal system after they […]

Tags: countrywide, lender fraud in court, US Attorneys, US Trustees
Posted in Eviction |

Mortgage Lender Must Have Ownership Of Loan When Foreclosure Is Filed, Holds Brooklyn Judge May 21, 2008 The case of Indymac Bank, FSB v. Ross, Supreme Court, Kings County Index No. 24713/07 (January 15, 2008) began normally enough. Indymac filed a summons and complaint on July 6, 2007. The borrower failed to appear or answer, […]

Tags: Brooklyn, countrywide, foreclosure defense, legal standing, MERS, plaintiff's standing
Posted in Eviction |

Mortgage Lender Must Have Ownership Of Loan When Foreclosure Is Filed, Holds Brooklyn Judge May 21, 2008 The case of Indymac Bank, FSB v. Ross, Supreme Court, Kings County Index No. 24713/07 (January 15, 2008) began normally enough. Indymac filed a summons and complaint on July 6, 2007. The borrower failed to appear or answer, and […]

Tags: countrywide, INDYMAC, KINGS COUNTY, MERS, MORTGAGEIT, New York State, RCR SERVICES, US BANK
Posted in Eviction |

IT ALL COMES DOWN TO THIS: LENDERS DIDN’T CARE ABOUT THE QUALITY OF THE LOAN OR THE IMPACT ON BORROWERS OR INVESTORS (INCLUDING THEIR OWN SHAREHOLDERS). THEY WERE PREPARED TO FALSIFY ANYTHING AND USE ANY MISREPRESENTATION OR PRESSURE TACTIC THEY COULD TO GET THE LOAN SOLD AND THE BORROWER TO SIGN. THEY PRETENDED THEY HAD […]

Tags: AMbac, countrywide, foreclosure defense, GE, General Electric, lender fraud, Lender Liability, lender misrepresentation, MBIA, mortgage meltdown lawsuits, New Century Financial Corp, PMI Group, Redwood Trust, RESPA, TILA audit, WMC Mortgage
Posted in bubble, Corruption, Eviction, securities fraud |

Take a look at the article (link below) which highlights the essential issues. It’s a bit choppy in reading but it makes the points you should consider as you plan your strategy for dealing with life over the next 10 years. Despite assurances from the administration and those on Wall Street who are trying to […]

Tags: Barclays, countrywide, foreclosure defense, Moody, negative amortization, predatory lending, TILA audits, Vacate foreclosure judgment, Wall Street, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

Here are some headlines that are grabbing the attention of mortgage lenders. As you can see they have good reason to be scared. It may not look like it and they might not act like it, but you have the upper hand now on your mortgage whether it is in default, foreclosure, sale, eviction or […]

Tags: countrywide, foreclosure defense, foreclosure litigation, foreclosure offense, JP Morgan Chase, Wells Fargo
Posted in bubble, Eviction |

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 […]

Tags: borrowers, CALIFORNIA, countrywide, lenders, Pfaelzer, risk, securitization, underwriting standards
Posted in bubble, Corruption, Eviction, securities fraud |

April 3, 2008 Court Approves Review of Countrywide Practices By DOW JONES/AP PHILADELPHIA (Dow Jones/AP) — A federal judge has authorized an examination of the mortgage processing systems of the lending giant Countrywide Financial by bankruptcy investigators seeking evidence that the company systematically abuses borrowers. Judge Thomas P. Agresti of the Federal Bankruptcy Court in Pittsburgh on […]

Tags: banks, countrywide, lending practices
Posted in bubble, Eviction |