Editor’s Comment: “Reckless?” No, it was intentional. And THAT lies at the heart of the media and government perception of this entire securitization scam. The worse the loan, the more money they made. By insuring it for 100 cents on the dollar they received total payback, plus they probably got the honor of foreclosing on […]

Tags: Libor, proprietary trading profits, Wells Fargo
Posted in bubble, Corruption, Eviction, securities fraud |

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE “That has led a growing number of economists to argue that the collapse of housing prices, a defining feature of this downturn, is also a critical and underappreciated impediment to recovery. Americans have lost a vast amount of wealth, and they have lost […]

Tags: Bank of America, bankruptcy, borrower, consumer confidence, conusmer confidence, countrywide, disclosure, economy, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, generally accepted accounting standards, Goldman Sachs, housing, LOAN MODIFICATION, modification, proprietary trading profits, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND, yeild spread premium
Posted in bubble, Corruption, Eviction, securities fraud |