ALL THIS IS DISCUSSED IN MY SEMINAR IN CHANDLER THIS THURSDAY 7/26 AT 9:00 AM. SIGN UP NOW FOR SEMINAR IN CHANDLER, AZ — THERE IS HOPE NEW NAME FOR LIBOR: LIE-BORE NEW BUSINESS MODEL: LIE MORE Editor’s Note: I was sort of expecting this from the Obama administration. Like others I long suspected the […]

Tags: derivatives, foreclosure, Libor, reset, wrongful foreclosure
Posted in bubble, Corruption, Eviction, securities fraud |

As pointed out in the article below there are many good reasons for prepaying your mortgage on a monthly basis. But if you are in a securitized mortgage and you are either underwater or facing payments that are resetting, be aware that any prepayments will take you far out of the running for any modification. […]

Tags: modification, Mortgage, New York Times, note, Obligation, prepayment, reset, Ron Lieber, securitized mortgage
Posted in bubble, Corruption, securities fraud |

Option ARMs Come Back into Center Stage: 350,000 Active Option ARMs with over 200,000 in California. 78 Percent of Option ARMs have yet to hit Recast Dates. Option ARMs are the gift that keeps on giving this holiday season.  As it turns out, these pesky toxic mortgages are still sitting waiting to hit recast periods.  […]

Tags: ALT-A, CALIFORNIA, HAMP, Inland Empire, Long beach, Los Angeles, Option, Option ARM, Phoenix, reset, shadow inventory, toxic mortgages, underwater
Posted in bubble, Corruption, Eviction, securities fraud |