New Jersey moves into the lead. We have been comparing this to a ball game to make the point that we are only in the 5th inning of a very long game. We have many years to go before this spreading contagion of fake foreclosures is over. It might better be analogized to a horse […]

Tags: defaults, New Jersey
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: We’ve been saying here for 4 years that ultimately the ONLY way out of the economic crisis is to use real data and skip the ideology, blame and politics. Nocera, pouring over data accumulated by intensive analysis, states that the data […]

Tags: Amherst Securities, bankruptcy, borrower, countrywide, Daniel Alpert, defaults, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, housing prices, investor recovery, Laurie Goodman, LOAN MODIFICATION, modification, OCC REVIEW, PRINCIPAL CORRECTIONS, principal reduction, quiet title, rescission, RESPA, securitization, The Case for Principal Reductions., third party payments, TILA audit, trustee, underwater, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |

Maybe the fact that it came from Goldman will motivate some people to take a second look at where we are on health care. Goldman likes the two biggest health insurance companies because it says profits are going up due to lack of competition and lack of regulation. Like the foreclosure mess, the fact that […]

Tags: bankruptcies, defaults, foreclosures, Goldman Sachs, health insurance, health-care reform, housing prices
Posted in bubble, Corruption, Eviction, securities fraud |

NOW AVAILABLE ON AMAZON/KINDLE!!! This is why it is critically important that (a) you get help in organizing your information (b) getting a forensic analysis, review or even a TILA Audit (c) that you secure a third party expert declaration that puts the the facts in issue and (d) that you aggressively pursue discovery without […]

Tags: Bahamas, Cayman, declaration, defaults, discovery, expert witness, forensic analysis, Glass Steagel, homeowners, intake assistance, intermediaries, investors, Mortgage, mortgage securitization, note, Obligation, SIV, structured investment vehicles, TILA audits, toxic loans
Posted in bubble, Corruption, Eviction, securities fraud |

AP IMPACT: US diluted loan rules before crash – Gov’t rejected tougher mortgage rules in 2005 WASHINGTON – The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the […]

Tags: defaults, foreclosure defense, foreclosure offense, foreclosures, regulation
Posted in bubble, Eviction |

Here is Martin Wolf’s column:  Martin Wolf America’s economy risks mother of all meltdowns February 20, 2008, Financial Times Recently, Professor Roubini’s scenarios have been dire enough to make the flesh creep. But his thinking deserves to be taken seriously. He first predicted a US recession in July 2006*. At that time, his view was […]

Tags: credit crisis, defaults, financial disaster, roubini
Posted in bubble, Corruption, Eviction, securities fraud |

Perusing Credit Suisse’s latest proposal on Capital Hill, which expands Federal guarantees on mortgages, there is good news and bad news. Good that the severity of the problem is becoming more apparent to those with their fingers on the levers of power. Good also that Credit Suisse, while obviously seeking to protect itself, has at […]

Tags: borrowers, Credit Suisse, defaults, Mortgage
Posted in bubble, Corruption |