Like everything else, “servicer advances” is a false label. There is no money being advanced. But there is money received by institutional investors who bought certificates under the mistaken belief that they were mortgage-backed securities. They receive that money regardless of whether or not payments are made by homeowners. The test for whether or not […]

Tags: Credit Suisse, securitization PONZI, Servicer advances, yield spread premium
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CHECK OUT OUR DECEMBER SPECIAL! What’s the Next Step? Consult with Neil Garfield For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think). Editor’s […]

Tags: CDS, Dan edstrom, Deutsch Bank, discovery, generally accepted accounting rules, proof of loss, proof of payment, REMIC, Reynaldo Reyes, securitization PONZI, Superfund, Taylor Bean Whitaker, TBW, wire transfer receipt
Posted in bubble, Corruption, Eviction, securities fraud |