August 10, 2009 Editorial $75 Billion Carrot, but Few Nibbles In March, the Obama administration began an antiforeclosure effort that offers lenders up to $75 billion in incentives to modify troubled mortgages. If that sounds like a lot of money, it is. But so far, it has not been enough to persuade the mortgage industry […]

Tags: borrower, disclosure, fraud, Lender Liability, modifications, securitization, trustee
Posted in Eviction |

It’s not just that servicers get more money by pushing the loan further and further into distress. They certainly have that incentive. When the loan becomes “delinquent”, they get more money, when the loan goes into “default”, they get more money, and when the loan goes into “foreclosure”, they get more money. So of course […]

Tags: borrower, countrywide, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, LOAN MODIFICATION, mortgage meltdown, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

Doesn’t it bother you that you pay your taxes for doing business in the state of Arizona or whatever state you hail from, but the Wall Street players made trillions of dollars in trading securities based solely (deriving value from)upon interests in real property situated within the boundaries of your state and never reported any […]

Tags: bankruptcy, borrower, disclosure, fraud, Lender Liability, mortgage meltdown, predatory lending, rescission, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

Pretender lenders and lawyers for pretender lenders should take warning. The operation described in this article is virtually identical to the operation used by pretender lenders. See also LENDER LIABILITY pdf July 23, 2009 N.Y. Claims Collectors of Debt Used Fraud By JONATHAN D. GLATER Tens of thousands of New York consumers had money seized […]

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, mortgage meltdown, predatory lending, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

There is a trap door that a lot of people are falling through. In a securitized loan the investor is the lender. In order for there to be a default, it is the investor who has lost money through non-payment. The investor has not lost money through non-payment if a payment was made through the […]

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

Why didn’t the taxpayers get as good a deal as Warren Buffett?

Tags: borrower, countrywide, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Paulson, predatory lending, rescission, securitization
Posted in bubble, Corruption, Eviction, securities fraud |

As the following Press Release for California AG’s office describes, it is the type of scam that happens in medical practice — offering relief, life or forgiveness — in exchange for money. I don’t agree with all the tips that Brown has published because he still has yet to absorb the fact that most foreclosures […]

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, predatory lending, rescission, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

Looking for the Lenders’ Little Helpers By GRETCHEN MORGENSON Published: July 11, 2009 IT is hard not to be dismayed by the fact that two years into our economic crisis so few perpetrators of financial misdeeds have been held accountable for their actions. That so many failed mortgage lenders do not appear to face any […]

Tags: borrower, disclosure, First Alliance, foreclosure defense, foreclosure offense, fraud, Lehman, Lender Liability, predatory lending, rescission, RESPA, RICO, securitization, trustee, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

First I want to thank the readers and the lawyers for climbing aboard this train on a highly improbable journey of turning the tide on Wall Street. Many of you are doing an outstanding job in this homeowner’s war to protect your property and our way of life. I am blessed to have been the […]

Tags: borrower, civil procedure, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, securitization, trustee
Posted in bubble, Corruption, Eviction, securities fraud |

While Mr. Barnes’ enthusiasm in the submission below is a bit over the top it points out quite skillfully that things are not as they appear in any foreclosure involving a securitized loan. Barnes was effective in pressing the point early on and refusing to accept the burden of proof on issues where it was […]

Tags: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, securitization, trustee
Posted in bubble, Eviction |