You read the news on one settlement after another, it sounds like the pound of flesh is being exacted from the culprits again and again. This time the FHFA, as owner of Fannie and Freddie, is going for a settlement with Bank of America for sale of “faulty mortgage bonds.” And most people sit back […]

Tags: Bank balance sheet, Bank of America, defective mortgage bonds, defective mortgages, Fannie, faulty mortgage bonds, faulty mortgages, FHFA, foreclosure defense, Freddie, loan closings, loan origination, mortgage bonds, sale of loans, underwriting mortgage bonds
Posted in Corruption, evidence, expert witness, Modification, Motions, Pleading, securities fraud, Servicer |

see https://livinglies.me/2013/04/29/hawaii-federal-district-court-applies-rules-of-evidence-bonymellon-us-bank-jp-morgan-chase-failed-to-prove-sale-of-note/ “The administrator of the estate of Larry Delassus sued Wells Fargo, Wachovia Bank, First American Corp. and others in Superior Court, for wrongful death, elder abuse, breach of contract and other charges. Delassus died at 62 of heart disease after Wells Fargo mistakenly held him liable for his neighbor’s property taxes, doubled his […]

Tags: delassus, foreclosures, fraud in the execution, fraud in the inducement, intermediaries, loan acquisition, loan defaults, loan origination, mistakes in foreclosures, mortgage bonds, mortgage payments, overpayment, property taxes, table funded loans, TILA, Wells Fargo
Posted in Corruption, Eviction, expert witness, securities fraud |

NOTE: Dual tracking and loan origination fraud by the banks will be a prime topic explained in detail by Neil Garfield, Dan Edstrom and Jim Macklin at the upcoming seminars. At the Sign Up for Full Day Seminar in Emeryville (San Francisco), a specialist from Nevada will present the issues in mediation and forcing the […]

Tags: debt, dual tracking, intermediaries, intermediation, loan origination, principal and agent
Posted in bubble, Corruption, Eviction, securities fraud |