Editor’s comment: While I agree with the Appellate Court and its findings, reversing the judgment against the borrower for being a vexatious litigant, I strongly disagree with the characterization of the case which probably comes from bad pleading and bad argument in court. That is the danger of going into court without at least getting […]

Tags: admissions, credit default swaps, Deny and Discover, federal abilouts, Federal Reserve purchases, insurance, payments, pleadings, princnipal, settlements with investment banking firms
Posted in bubble, Corruption, Eviction, securities fraud |

In the last 3 months I have been assisting in the defense of some commercial property cases — strip malls, small hotels, warehouses, etc. And while the consensus has been that securitization of commercial mortgage backed securities has been relatively straightforward, it appears that at the very least there are exceptions to that rule and […]

Tags: CMBS, Commercial property, credit default swaps, default, insurance, REMIC, securitization
Posted in bubble, Corruption, Eviction |

Editor’s Comment: It is no small wonder that the banks are scared. After all they created MERS and they control MERS and many of them own MERS. The Washington Supreme Court ruling leaves little doubt that MERS is a sham, leaving even less doubt that an industry is sprouting up for wrongful foreclosure in which […]

Tags: AIG, AMbac, bailout, banks, congress, credit default swaps, insurance, Master Servicer, MEGABANKS, MERS, Supreme Court, TOXIC WASTE, voting, WASHINGTON, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Comment: The practice of disregarding normal loan underwriting standards creates a claim that homeowners were tricked into loans that they could never repay. The Consumer Financial Protection Bureau, built by Elizabeth Warren under Obama’s direction is about to pass a rule that addresses that very issue. The new Rule would allow homeowners contesting foreclosure […]

Tags: CFPB, credit default swaps, Elizabeth Warren, Federal Bailout, foreclosures, housing, insurance, investors, Obama, Richard Cordray, TARP, underwriting
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Note: State Treasurers and Finance Directors are realizing that their own jobs are on the line when the voters go to the polls. While avoiding the third rail of wrongful and illegal foreclosures, the trading in illegal and fraudulent instruments, states can no longer avoid the reaction from those who marshal the the state’s […]

Tags: account receivable, bailouts, credit default swaps, insurance, Libor, loan receivable, pension funds, securitization, state treasurer
Posted in bubble, Corruption, Eviction, securities fraud |

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – […]

Tags: bailout, beneficiary, credit default swaps, credit enhancements, Fannie, FHA, Freddie, Ginnie, guarantees, ICELAND, insurance, investment banks, lender, mortgagee, Pooling and Servicing Agreement, securitization, StopForeclosureFraud
Posted in bubble, Corruption, Eviction, securities fraud |

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – […]

Tags: CDO, credit default swaps, credit enhancements, creditor, escrow, Foreclosure judges, general partnership, homeowner, investment banker, JP Morgan Chase, lender, Master Servicer, pool, Pooling and Servicing Agreement, Prospectus, PSA, REMIC, straw-man, Superfund, U.S. Bank
Posted in bubble, Corruption, Eviction, securities fraud |

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – […]

Tags: Barack Obama, BOA, Central Banks, credit default swaps, derivatives, Doubts Over Lending Push, Europe, Financial Times, Gdp, Graeme Leach, Great Depression, housing, Institute of Directors, Mitt Romney, mortgage transactions, Patrick Jenkins
Posted in bubble, Corruption, Eviction, securities fraud |

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – […]

Tags: Ace Securities Home Equity Loan Trust, AIG, Arizona Department of HOusing, bankruptcy, credit default swaps, DEUTSCHE BANK, Fannie, Federal reserve, Find the Fraud, forced placed insurance, Freddie, HAMP, homeowners, investment banks, investors, Judge Williams, Master Servicer, MBIA, MERS, Michael Olenick, Michael Trailor, Naked Capitalism, Ocwen, pension fund, Ponzi scheme, REMIC, servicers, State Agencies, subservicer, Tim Geithner
Posted in bubble, Corruption, Eviction, securities fraud |

Featured Products and Services by The Garfield Firm NEW! 1/2 Day CLE Workshop for Paralegals and Lawyers with Neil Garfield: Building a case book for each client that saves time rather than takes time. NEW! 2nd Edition Paralegal-Attorney Workbook,Treatise & Practice Manual ——–>SEE TABLE OF CONTENTS: WHOSE LIEN IS IT ANYWAY TOC LivingLies Membership – […]

Tags: Ace Securities Home Equity Loan Trust, AIG, Arizona Department of HOusing, bankruptcy, credit default swaps, DEUTSCHE BANK, Fannie, Federal reserve, Find the Fraud, forced placed insurance, Freddie, HAMP, homeowners, horne, investment banks, investors, Judge Williams, Master Servicer, MBIA, MERS, Michael Olenick, Michael Trailor, Naked Capitalism, Ocwen, pension fund, Ponzi scheme, REMIC, servicers, State Agencies, subservicer, Tim Geithner
Posted in bubble, Corruption, Eviction, securities fraud |