SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM SEE 10-lies-we-live-by-and-should-stop-believing-if-we-want-this-to-stop SEE taking-justice-off-the-table-2-cent-settlement In Proposed Mortgage Fraud Settlement, a Gift to Big Banks TROJAN HORSE By JESSE EISINGER, ProPublica   Luis Alvarez/Associated Press Tom Miller, attorney general of Iowa. Lurking in a proposed mortgage fraud settlement with the state attorneys general is a clause that could be worth […]

Tags: disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, modification, Mortgage, predatory lending, rescission, securitization, settlement
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S ANALYSIS: WHAT IS THE EFFECT OF TRADING, BUYBACKS, RECONSTITUTED “TRUSTS” ON THE CLAIMS OF “OWNERSHIP” OF THE LOANS?” Up in the clouds of finance and trading desks they are creating accounting entries indicating transfers of mortgage backed bonds. AIG announced it is “buying back” $17 […]

Tags: AIG, Maiden Lane, MBS, predatory lending, predatory trading, residential mortgage-backed securities ("RMBS"), SPV, trading
Posted in bubble, Corruption, Eviction, securities fraud |

SUBSCRIBE TO LIVINGLIES MEMBERSHIP FOR DISCOUNTED SERVICES, NEWSLETTER AND FREE TELECONFERENCES Livinglies fulfills its commitment to becoming the #1 internet resource in foreclosure defense and offense (claims for damages for wrongful foreclosure or improper lending practices). DON’T ASSUME YOUR LOAN IS IN DEFAULT — IT PROBABLY ISN’T EVEN IF YOU DIDN’T MAKE A PAYMENT! DON’T […]

Tags: bankruptcy, countrywide, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure offense, housing, Lender Liability, predatory lending, principal reduction, quiet title, rescission, securitization, TILA
Posted in bubble, Corruption, Eviction, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

SHELL GAME CONTINUES. WHO HAS THE BOND? WHO HAS THE RECEIVABLE? WHO HAS THE SECURITY INTEREST? WHO IS GETTING PAID? WHERE ARE THE MONTHLY PAYMENTS GOING? FANNIE MAE AND FREDDIE MAC ARE BIG PLAYERS, AS IS THE FEDERAL RESERVE. ARE THEY THE ONES REALLY FORECLOSING UNDER COVER OF SECURITIZATION? EDITOR’S NOTE: Another entry under the […]

Tags: borrower, disclosure, discovery, foreclosure, foreclosure defense, fraud, HERS, Lender Liability, Mortgage, predatory lending, rescission, securitization
Posted in bubble, Corruption, evidence, expert witness, foreclosure mill, securities fraud, Servicer |

A misrepresentation is fraudulent if the maker (a) knows or believes that the matter is not as he represents it to be, (b) does not have the confidence in the accuracy of his representation that he states or implies, or (c) knows that he does not have the basis for his representation that he states […]

Tags: disclosure, George W. Mantor, Lender Liability, predatory lending, securitization, trustee
Posted in bubble |

It is hard to state this strongly enough. The entire mortgage backed securitization structure was based upon FRAUD. An intentional misstatement of a material fact known to be untrue and which the receiving party reasonably relies to his detriment is fraud. BOTH ends of this deal required fraud for completion. The investors had to believe […]

Tags: accountants, appraisals, fraud, lending fraud, Ponzi, predatory lending, ratings, risk, securities fraud, value
Posted in Corruption, Eviction, evidence, expert witness, foreclosure mill, Modification, securities fraud, Servicer |

SEE states-look-beyond-borders-to-collect-owed-taxes states-ignore-obvious-remedy-to-fiscal-meltdown tax-impact-of-principal-reduction accounting-for-damages-madoff-ruling-may-affect-homeowner-claims taxing-wall-street-down-to-size-litigation-guidelines taking-aim-at-bonuses-based-on-23-7-trillion-in-taxpayer-gifts payback-timemany-see-the-vat-option-as-a-cure-for-deficits As we have repeatedly stated on this blog, the trigger for the huge deficits was the housing nightmare conjured up for us by Wall Street. Banks made trillions of dollars in profits that were never taxed. The tax laws are already in place. Everyone is paying taxes, […]

Tags: "out-of-state" transactions, damage awards, fines, penalties, predatory lending, real property, registration fees, revenue due from Wall Street, securitizing loans, state taxation, Tax Apocalypse, tax laws, taxes
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

Editor’s Note: Better late than never. It is a step in the right direction, but 30% reduction is not likely to do the job, and waiting for mortgages to become delinquent is simply kicking the can down the road. The political argument of a “gift” to these homeowners is bogus. They are legally entitled to […]

Tags: Alan M White, ARIZONA, assistant secretary of the Treasury, Bank of America, BOA, BofA, Brad Hunter, Commerce Department, countrywide, credit cards, David Streitfeld, debt forgiveness, forgiveness of debt, Fremont Investment and Loan, Housing and Urban Development, inspector general, Jack Schakett, Louise Story, Martha Coakley, Massachusetts, Metrostudy, Michael S. Barr, Neil M. Barofsky, New York Times, predatory lending, preumptively unfair, principal reduction, redefault, Scottsdale, Steve Walsh, Supreme Judicial Court, TARP, Troubled Asset Relief Program, Valparaiso University School of Law, Wachovia, Wells Fargo, White House
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

You must remember the judiciary moves slowly is assimilating new facts or patterns in the marketplace. In order to break through a Judge’s preconception of the mortgage origination process, you need to have something that is clear in is presentation of facts, and obvious in its impact. The reasons for having analysis performed by an […]

Tags: affordability, April Charney, audit, brad keiser, damages, deceptive lending, demand letter, Discrepancies, DVL, evidence, facts, forensic analysis, independent third party, latent violations, MAX GARDNER, patent violations, predatory lending, programming, QWR, refunds, REPA, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

“Many economists and mortgage experts have concluded that banks must ultimately forgive loan balances to restore equity to underwater borrowers. Otherwise, growing numbers will walk away from their homes and accept foreclosure rather than make payments on properties in which they no longer own a stake.” Editor’s Comments and Notes: The Obama Administration has finally […]

Tags: bailout, borrower, disclosure, foreclosure defense, foreclosure offense, fraud, mortgage meltdown, predatory lending, principal reduction, quiet title, securitization
Posted in bubble, Corruption, Eviction |