MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE:  Somehow this particular article escaped me when it was published by Huffington Post. Like all the other allegations against the participants in the mortgage securitization hoax, the underlying theme is that the major banks simply lied about the ownership, value and […]

Tags: Ally Financial, Bank of America, bankruptcy, borrower, Business News, Citigroup, Consumer Financial Protection Bureau, countrywide, Department of Housing and Urban Development, disclosure, Exclusive, False Claims Act, Federal Housing Administration, foreclosure, foreclosure defense, foreclosure fraud, Foreclosure Investigation, Foreclosure News, foreclosure offense, foreclosures, fraud, HUD IG, JPMorgan Chase, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, securitization, State Attorneys General, TILA audit, trustee, WEISBAND, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

“The fraud here is truly stunning in its scale and complexity,” said Lanny A. Breuer, assistant attorney general in the criminal division of the Department of Justice. “These charges send a strong message to corporations and corporate executives alike that financial fraud will be found, and it will be prosecuted.” Once they determined that that […]

Tags: accounting, bank fraud, civil fraud charges, Colonial BancGroup, Colonial Bank, conspiracy, Department of Housing and Urban Development, Department of Justice, DOJ, ERIC DASH, Federal Deposit Insurance Corporation., fraud, HERS, infrastructure, investors, Lanny A Breuer, Lee B Farkas, Ny Times, Securities and Exchange Commission, securities fraud, Taylor, Taylor Bean, TBW, wire fraud
Posted in bubble, Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

A provocative paper by Brent White, a law professor at the University of Arizona, makes the case that borrowers are actually suffering from a “norm asymmetry.” In other words, they think they are obligated to repay their loans even if it is not in their financial interest to do so, while their lenders are free […]

Tags: $800 fee, ARIZONA, Booth School of Business, CALIFORNIA, Department of Housing and Urban Development, Eric Posner, fee for non-recourse option, Lease, Luigi Zingales, mortgage default, New York Times, non-recorse, Option, pool, recording, Richard Thaler, strategic defaults, sublease, Susan Woordward, swap, University of Chicago, walking away
Posted in bubble, Corruption, Eviction, securities fraud |

NATION’S HOUSING Civil rights complaint targets Wall Street rating firms Moody’s and Fitch’s high ratings of subprime mortgage bonds disproportionately harmed black and Latino home buyers, the National Community Reinvestment Coalition alleges. By Kenneth R. Harney November 30, 2008 In what is apparently the first legal action of its kind, an association of community-based organizations […]

Tags: Department of Housing and Urban Development, foreclosure defense, foreclosure offense, Moody's Investor Service
Posted in bubble, Eviction |