Judges may be biased in favor of “national security” (i.e., protecting the banks), but they have a surprisingly low threshold of tolerance when they are confronted by the bank’s argument that they don’t have to accept the money and that it is the bank’s option as to whether to accept the money or proceed with […]

Tags: ARTICLE 3, bondholders, Golden Rule of Mortgage Foreclosure, holder in due course, merger doctrine, MERS, noteholders, PETE, proper negotiation of ntoe, UCC
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For further information please call 954-495-9867 or 520-405-1688 ============================ see Fund Manager’s Letter to Bondholders Detailing Sins of Ocwen Chickens are coming home to roost. Just read the letter. Anyone who is litigating a case where Ocwen is involved in any way in the chain of title or ownership of the loan paperwork should read […]

Tags: bondholders, CALIFORNIA, CFPB, Investigations, New York, noteholders, Ocwen, servicing default
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SEE ALSO BOE PAPER ON ABS DISCLOSURE condocmar10 If the Bank of England wants this information, how can this court deem it irrelevant? NOTE: BOE defines investors as note-holders. information on the remaining life, balance and prepayments on a loan; data on the current valuation and loan-to-value ratios on underlying property and collateral; and interest […]

Tags: ABS Disclosure, arrangement, asymmetry of information, balance, Bank of England, bankruptcy, BEAR STEARNS, cash-flow waterfalls, countrywide, Credit Suisse, current rate, current valuation, David J. Grais, default, delinquent, descriptions, Deutsch Bank, diagrams, discovery, event, Federal Home Loan Bank of San Francisco, foreclosure, fraudulent activity, Grais and Ellsworth, Gretchen Morgenstern, interest rate, levels, LITIGATION, loan-to-value ratio, loss on sale, Merrill Lynch, Moral Hazard, mortgage backed bonds, mortgage backed securities, New York Times, noteholders, performing, portfolio, prepayments, profit on sale, qualified written request, remaining life, RMBS, sale price, subportfolio, total recoveries, triggers, value of payments in arrears
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

See DEUTSCHEBANKv BANKOFAMERICA This is an action for (1) damages for breach of contract resulting from BOA’s failure to secure and safeguard over $1.25 billion worth of cash and mortgage loans that it was contractually obligated to secure on behalf of DB and (2) contractual indemnity for the losses caused by BOA’s negligent performance of […]

Tags: ABCP Market review, Bank of America, BOA, collateral agent, Colonial Bank, custodian, depository, Deutsch Bank, Dry Mortgages, Federal Home Loan Mortgage Corporation, Freddie Mac, gatekeeper, Moody's, noteholders, Ocala, Taylor Bean, trust, trustee, Wet Mortgages
Posted in bubble, Corruption, Eviction, securities fraud |