Thursdays LIVE! Click in to the The Neil Garfield Show Or call in at (347) 850-1260, 6pm Eastern Thursdays Please see: FHFA RBS Settlement The settlements with the banks are a scam. Yesterday RBS settled with US authorities for skullduggery in the name of “so-called residential mortgage-backed securities.”  They took in over $30 billion and […]

Tags: FHFA RBS Settlement, MBS, RBS, settlement
Posted in Uncategorized |

It is easy to think of the mortgage meltdown as a period of time in which the banks went wild. Unfortunately that period of time never ended. They are still doing it. The level of sophistication it takes to do the kinds of things that banks have been doing for the last 20 years is […]

Tags: Barclays (BCS), Citigroup (C), Deutsche Bank (DB), foreign exchange, forex, HSBC, JPMorgan (JPM), mortgage loans, RBS, subprime, UBS, Wells Fargo
Posted in Corruption, evidence, expert witness, foreclosure defenses, foreclosure mill, Modification, Motions, Pleading, securities fraud, Servicer |

Editor’s Note: like the post before this one, it is astonishing how these settlements fall so far short of the actual damage that was created by the banks by their intentional illicit and criminal behavior. This one “relates to conduct at Greenwich Capital, the R.B.S. unit that bundled mortgages into securities and sold them to […]

Tags: BOA, countrywide, Option One, RBS, Royal Bank of Scotland
Posted in bubble, Corruption, Eviction, securities fraud |

Editor’s Notes: They are STILL doing it. This report clearly shows that the main players are still packaging sub-prime loans (which most people would define as loans likely to fail). The reason is money. The higher the spread the higher the yield spread premium. These YSP’s are still not reported to borrowers. They are hidden […]

Tags: alternative-A credits, American General, Asset Backed Alert, cause of action, DEUTSCHE BANK, Harrison Scott Publications, HERS, pattern to withhold information, RBS, statute of limitations, subprime-mortgage securitizations, Subprimes, toxic assets, yield spread premium, YSP
Posted in bubble, Corruption, Eviction, securities fraud |