COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S NOTE: In 1983 the nominal value of credit derivatives was zero. Today it is over $600 TRILLION. None of this would have been possible without the active complicity of credit rating companies who as quasi public agencies “assured” the quality of securities sold to both […]

Tags: appraisal fraud, appraisals, Fitch, Moody's, ratings fraud, Standard & Poor's
Posted in bubble, Corruption, Eviction, securities fraud |

From Mario Kenny — see comments posted to blog As we have stated repeatedly, the logistics were simple: (a) inflate the value of the mortgage backed securities with fraudulently obtained Triple AAA Ratings and (b) inflating the value of the home with fraudulent and negligent use of false comparable and ignoring time factors. The economics […]

Tags: appraisal fraud, foreclosure defense, foreclosure offense, ratings fraud
Posted in bubble, Eviction |