Archives by Tag ' Eviction '
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: I am tired of reading about how economists express surprise at the sluggish economy. The same goes for when they express hope at slightest uptick in any index that is followed, none of which are real representations of economic activity. As the recent new […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: After years of revealing on this blog the many illegal foreclosures on property owned by service people who were on active duty, putting their lives on the line for their country, and laws that have long been in effect that such actions cannot be […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S COMMENT: Here is our problem writ large. The commentary written by Shedlock (see below) is basically on the side of punishing the banks for their wrongdoing, but not giving any relief to borrowers. The logic behind the position is that anyone who does not pay […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE MADIGAN ISSUES SUBPOENAS TO LPS, NationWide Title Clearing ; WIDENS ‘ROBOSIGNING’ PROBE FROM STOPFORECLOSURENOW.COM Chicago — Attorney General Lisa Madigan today expanded her investigation into “robosigning” practices, issuing subpoenas against two national mortgage servicing support providers. The subpoenas are the latest effort in Madigan’s ongoing probe […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: Where were they three years ago? Well it is still a good thing that the lead editorial connects the dots. The housing market is continuing to decline and it will continue as long as we regard the foreclosures as having any color of legitimacy. […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Harvey v Garbett, quiet title case in Draper Utah (1) The case was decided on procedural rather than substantive grounds, so citing to this case as proof that the homeowner is entitled to quiet title in the context of a securitized loan would not be right. […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S ANALYSIS: The passage below contains very valuable information. I want to focus on one simple fact — the “borrower” is not defined as some homeowner applying for a loan. The “borrower” is some sham entity that has been created by the investment bank, to create […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE see www.housingwire.com for full story. EDITOR’S NOTE: When the walls start to crumble as they are at Goldman, BOA, Citi and Chase, the biggest fear that emerges is who is going to “flip” and turn into the prosecution’s star witness. Then the race starts to be […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Now they are trying it again, with the help of the NY FED. The characterization of the loan models as “originate and distribute” gives the impression that the loans were underwritten first and then distributed pursuant to a securitization plan. They are again retreating to complexity […]
GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: Now Banks are facing the consequences of their own wrongful actions in originating, servicing and foreclosing on homes. They are carrying property on their balance sheet as “real-estate owed” (REO) when in fact they don’t own it, they never financed it and they never […]


