Your Client’s Securitized Mortgage: a Basic Roadmap Part 1 [2009-11-19] Your Client’s Securitized Mortgage: A Basic Roadmap PART 1: The Parties and Their Roles The first issue in reviewing a structured residential mortgage transaction is to differentiate between a private-label deal and an “Agency” (or “GSE”) deal. An Agency (or GSE) deal is one involving […]

Tags: AGGREGATOR, custodian, Depositor, foreclosure, foreclosure defense, foreclosure offense, foreclosures, Indenture trustee, Master Document Custodian, Master Servicer, Mortgage, mortgage meltdown, originator, OWNER TRUSTEE, PRIMARY SERVICER, RESPONSIBLE PARTY, securitization, servicer, Sponsor, trustee, WAREHOUSE LENDER
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE LIVINGLIES VINDICATED BY THIRD APPELLATE DECISION IN AS MANY DAYS SOUTH FLORIDA SEMINAR FILLING UP — REGISTER TODAY TO GET EARLY BIRD DISCOUNT FOR EARLY BIRD REGISTRATION RUNS OUT ON JUNE 15 CLICK HERE TO REGISTER FOR 2 DAY GARFIELD CONTINUUM CLE SEMINAR […]

Tags: bailout, Bank of America, bankruptcy, borrower, Chapter 13, creditor, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, Lender Liability, lost note, Mortgage, mortgage meltdown, predatory lending, quiet title, rescission, securitization, TILA audit, trustee
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “We’re a nation of laws. Everyone knew that MERS didn’t have the right to appear as a beneficiary, but it would have been inconvenient to act on this because MERS was in widespread use throughout the banking industry. It was wrong, wrong, wrong, […]

Tags: Bank of America, borrower, cease and desist, countrywide, creditor, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, Lender Liability, MERS, MERS fraud, Mortgage, OCC, predatory lending, quiet title, rescission, RESPA, RICO, securitization, TILA audit, trustee, Wells Fargo
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM IN law school we are always told to start at the beginning, although few practitioners actually do that ,since they THINK they know at a glance the nature of the transaction. Consider the usual “loan closing” where a securitization scheme is in operation. It is a “table-funded loan” which […]

Tags: assignment, borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, Lender Liability, Loan Closing, Mortgage, note, rescission, securitization, TILA audit, trustee
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM It does not appear that the banks are actually all that worried about losing foreclosure cases. If you do the math, they have a pretty good business plan. More than 95% of all victims of foreclosure fraud simply do not know they are victims, are worn out, demoralized and […]

Tags: bailout, countrywide, disclosure, Federal reserve, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Mortgage, mortgage meltdown, predatory lending, quiet title, rescission, securitization, TILA audit, trustee, Wells Fargo
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Here is example of a Real Mortgage Pass Through Security in 1997 before MERS. MASTER SERVICER OCWEN BANK FSB Wholly Owned subsidiary Ocwen Financial Corporation is market leader in the Non-Performing Mortgage Loan Acquisition Business. See the language – real laws acknowledged and followed? Cut/Pasted 1/28/98 Salomon Bros Mort Sec VII…Hud-1 15-15D Registrant Salomon Bros […]

Tags: bailout, Bank of America, bankruptcy, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, LASALLE, Lender Liability, MERS, Mortgage, mortgage meltdown, Ocwen, predatory lending, rescission, securitization, SOLOMON BROTHERS, TILA audit, trustee, Wells Fargo
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MortgageIt (don’t let the name fool you to how egregious the transactions are) and intent! Subsidiary of MortgageIt Holdings, Inc. (New York State business entities). Notice Jurisdiction ‘Maryland’ so in Federal Reserve Report there is no ‘Mortgage It’ 12/31/2006 but there is a note below on DB Mortgage as related to closings of MortgageIT and […]

Tags: Aurora, bailout, Bank of America, bankruptcy, countrywide, Deutsch, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Mortgage, Mortgage IT, mortgage meltdown, predatory lending, quiet title, rescission, RESPA, securitization, TILA audit, trustee, Wells Fargo
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CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITORIAL COMMENT: Practically everyone seems to know that housing prices are going down, the dollar is getting trashed, and our position in world finance is tenuous at best and that the problems are all related. We also know that as […]

Tags: bailout, borrower, credit crisis, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, fraud, gold, Lender Liability, Mortgage, mortgage meltdown, predatory lending, rescission, securitization, TILA audit
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CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITORIAL NOTE: No way out. Whether or not there will be criminal prosecutions, the vapor BOA and other banks claim as assets is about to disappear like steam in the night. They don’t own the mortgages, they have few if […]

Tags: borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, Mortgage, predatory lending, rescission, securitization, trustee
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SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S ANALYSIS: There are so many “Trustees” running around these days, it is impossible to figure out what they do and if they even really exist. In the article below, Streitfield points out that the “Trustees” on deeds of […]

Tags: borrower, creditor, disclosure, foreclosure, foreclosure defense, foreclosure offense, Lender Liability, LEVITIN, McKenna, Mortgage, National Consumer Law Center, Ny Times, predatory lending, rescission, securitization, trustee
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