Archives by Tag ' MERS '
May 23, 2011

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 […]

May 23, 2011

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE STATED INCOME, STATED ASSETS (SISA) NO DOC ASSETS AND INCOME FOR THE BANKS: AS FALSE AS IT ALWAYS WAS EDITOR’S COMMENT: DICK DURBIN said it when the democratically controlled senate and house refused to even inquire about the real nature of the securitization illusion — “The […]

May 22, 2011

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE In the S&L scandals more than 800 bankers went to jail, why not now? EDITOR’S ANALYSIS: As you read the article below regarding NovaStar Financial, think about buying the book it came from. Gretchen and Joshua have spent a lot of time not just taking notes […]

May 17, 2011

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 […]

May 16, 2011

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE We are receiving reports that BAC is sending out letters declaring that they are transferring loans from BAC or Bank of America, the parent company as of July 1, 2011. The question is why? It seems that BOA is starting to realize the title problems inherent […]

May 16, 2011

GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: One of the first things that happens in any foreclosure case is that someone contacts the borrower saying who they are or who they represent. I contend that those representations should be confronted. It often happens, as Charles points out below, that more than […]

May 12, 2011

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM NBC NIGHTLY NEWS WITH BRIAN WILLIAMS MAINSTREAM MEDIA GETS IT AND RUNS WITH IT As I have said, for years, this will be long process. The banks will spin their tales and the mainstream media will pick up on the bank’s version of events because the banks seem more […]

May 11, 2011

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM PLAINTIFFS USING DATA OBTAINED FROM LIVINGLIES/LUMINAQ SEE LIVINGLIES/LUMINAQ COMBO TITLE AND SECURITIZATION ANALYSIS EDITOR’S NOTE: It’s really very simple. The securitizers on Wall Street decided that MERS had the least amount of assets so it was a remote vehicle that would not kick back to them if the foreclosures […]

May 11, 2011

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM Investigations Launched on Wrongdoing Despite “Settlements” EDITOR’S ANALYSIS: Maybe there actually is some understanding starting to surface at U.S. regulator’s offices. Certainly the activity in EURO-land shows that our friends across the pond don’t buy the excuses or spin that Goldman and others have been spitting out through their […]

May 10, 2011

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM see case decision BANK OF NEW YORK MELLON V PATRICIA DE MEO: CV100177(2) COURTS MOVING CLOSER TO STRICT APPLICATION OF FEDERAL LAW Only six months ago the courts were very dismissive of defenses field by homeowners and tenants despite the application of numerous Federal laws designed to protect consumers, […]