American jurisprudence is clearly still struggling with the fact that in most cases the forecloser either does not exist or does not have any interest in the loans they seek to enforce. In virtually all instances PennyMac is acting in the role of a sham conduit while allowing its name to be used as the […]

Tags: California Reconveyance Company, FDIC, Glaski, JPMorgan Chase, JPMorgan Chase Bank, judicial notice, Long Beach Mortgage Company, Office of Thrift Supervision, Pennymac, PennyMac Holdings, PennyMac Mortgage Investment Trust Holdings I, Washington Mutual Bank, Yvanova
Posted in Uncategorized |

For further information please call 954-495-9867 or 520-405-1688 =========================== Well at least OneWest legally exists and it didn’t originate any loans even though it sometimes tries to give that appearance. But it is clear that this company was literally formed over a weekend to takeover IndyMac business. In so doing it made a number of […]

Tags: Assured Guaranty Municipal Cor, Beekman, class action, FDIC, HAMP, Lehman Brothers, Office of Thrift Supervision, OneWest
Posted in Uncategorized |

CLE SEMINAR: SECURITIZATION WORKSHOP FOR ATTORNEYS — REGISTER NOW SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM ALL MAJOR FEDERAL AGENCIES JOIN IN ORDERING MERS TO STOP CURRENT PRACTICES Just released. Thanks to Dan Edstrom our senior securitization analyst for alerting me. SEE MERS_Cease_and_Desist_2011_04_13 MERS AND MERSCORP ENTERED INTO A CONSENT CEASE AND DESIST ORDER FINDING DEFICIENCIES […]

Tags: Board of Governers of the Federal Reserve System, cease and desist, Compliance, Comptroller of the Currency, consent order, Daniel Edstrom, deficiencies, Department of the Treasury, DTC-Systems, Federal Deposit Insurance Corporation., Federal Housing Finance Agency, financial, Inc., James Macklin, legal, MERS, MERSCORP, Mortgage Electronic registration Systems, Office of Thrift Supervision, operational, reputational risks, Secure Document Research, unsafe or unsound practice
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s note: I think the standards used here apply to ALL private actions for appraisal fraud. With appraisal fraud proven, virtually all lending statutes are proven to have been violated. Appraisal fraud lies at the root of the mortgage mess with its sister, ratings fraud. Both are appraisals and both are ratings. Both were designed […]

Tags: 2010 NY Slip Op 04868, Appraisal, appraisal standards, Appraisal Standards Board of the Appraisal Foundation, Cuomo, deceptive and illegal business, eAppraiseIT, FIERRA, Financial Institutions Reform, First American Corporation, First American eAppraiseIT, fraudulent, GONZALEZ, HERS, HOLA, Home Owner’s Lending Act of 1933, Inc., inflate a property’s market value, Lender’s Service, New York, Office of Thrift Supervision, OTS, P.J., People v First Am. Corp, preemption, Recovery and Enforcement Act of 1989, Supremacy Clause, target loan amount, Title XI, USPAP, WAMU, Washington Mutual
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Pleading, securities fraud |

Editor’s Note: Now the truth as reported here two years ago. There were no losses. They were making money hand over fist. And this article focuses only on a single topic — some of the credit default swaps — those that Goldman had bought in its own name, leaving out all the other swaps bought […]

Tags: ABACUS 2007-AC1, bonds, borowers, check-kiting, David A. Viniar, default, Eric Kolchinsky, Federal Deposit Insurance Corporation., financial crisis, Financial Crisis Inquiry Commission, Fitch, fraud, Gary D. Cohn, Goldman Sachs, GRETCHEN MORGENSON, HERS, John A. Paulson, Kolchinsky, lenders, lending, Lloyd C. Blankfein, losses, Louise Story, Moody's, mortgage backed securities, Office of Thrift Supervision, operating agreement, OWNERSHIP of the loan pool, Ponzi, Securities and Exchange Commission, selling forward, Senate Permanent Subcommittee on Investigations, SEWELL CHAN, sham, shares, special purpose vehicle, Standard & Poor's, swaps, trust, trustee, Washington Mutual
Posted in Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |