Note produced and Mortgage is not: Several possible answers: Mortgage itself is not required in original form but a certified copy of what is recorded is required. That they do not have the original stamped copy is indicative but not proof that the mortgage was assigned or transferred in some way. Therefore you want someone […]

Tags: evidence, foreclosure defense, hypothecate, original mortgage, original note, personal knowledge, recorded, securitization, transfer
Posted in Eviction |

McClatchy Washington Bureau Posted on Sun, Jun. 08, 2008 Credit crisis expands, hitting all kinds of consumer loans Kevin G. Hall | McClatchy Newspapers last updated: June 08, 2008 08:39:12 PM WASHINGTON — The credit crisis triggered by bad home loans is spreading to other areas, forcing banks to tighten credit and probably extending the […]

Tags: consumer, credit, securitization
Posted in Eviction |

This is a developing resource for attorneys and borrowers to assist them in creating strategies and tactics in foreclosure defense and offense. Assistance and comments regarding bankruptcy jurisdiction is also covered. Bottom Line: The procedure invoked by the mortgage meltdown scheme defrauded investors (false ratings and insurance) in asset backed derivative securities, who were the […]

Tags: ABC, asset backed security, borrower, fees, foreclosure defense, loan, Mortgage, note, revenue, securitization, transaction fees
Posted in Eviction |

COUNTRYWIDE SUED FOR IMPROPER LENDING PRACTICES BY ITS SHAREHOLDERS: GOOD MATERIAL HERE FOR BORROWERS TO ALLEGE IN THEIR LAWSUITS AND DEFENSIVE ACTIONS In these posts I am trying to keep pace with the events unfolding on the investor side of the Mortgage Meltdown. That is because these lawsuits are more sophisticated than the usual fair […]

Tags: borrowers, CALIFORNIA, countrywide, lenders, Pfaelzer, risk, securitization, underwriting standards
Posted in bubble, Corruption, Eviction, securities fraud |

  Somehow, the housing trouble has to at least flatten out. As long as that is going on, I think the pressure on the credit system is going to persist. It is kind of the leading indicator. It is where the trouble started. We have to underpin the consumer. That is why this is different. […]

Tags: Bernstein, credit, delusion, depression, housing, recession, risk, securitization
Posted in bubble, Eviction |