NOW AVAILABLE on KINDLE/AMAZON The Emperor\’s New Clothes: THOSE FORECLOSURES ARE NOT REAL FOLKS, GET IT? 1-in-10-u-s-mortgage-delinquencies-reach-a-record-high-going-up The Emperor is still strutting around as though he was fully clothed in the best silk, color and design. Wall Street is still the darling of government and a whole lot of other people, even if it was […]

Tags: AIG, bankruptcy, credit default swaps, emperor's new clothes, foreclosures, investors, lending, mortgage modification, mortgage pools, mortgages, settlement, short sales, source of funding, taxation, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

Countrywide Sued by Fund Over $8.4 Billion Loan Deal (Update1) greenwich-investor-complaint-against-countrywide-describing-securitization-in-simple-terms Excellent Article by Mr. Mortgage: Mortgage Security Holder Stands up to Bofa By Patricia Hurtado Dec. 1 (Bloomberg) — Countrywide Financial Corp., the home lender acquired by Bank of America Corp., was sued by Greenwich Financial Services Fund over claims an agreement to reduce […]

Tags: countrywide, modification, settlement
Posted in bubble, Eviction |

Validating the strategies we have been promoting here, the latest is a Miami woman with a $100,000 mortgage. After years of struggle in foreclosure, Legal Aid got her a settlement: No mortgage, no note and a reverse mortgage, which means they gave her money to at least pay off the balance. Why? Because if they […]

Tags: bank of new york, foreclosure defense, lost note, settlement
Posted in Eviction |

I am researching the possibility that there might be a securities violation that could inure to YOUR benefit (not just the buyers of CDOs). You see there are several breaches that occurred here all stemming from the fact that the market was artificially inflated. The scheme most closely resembles a Ponzi scheme and so it […]

Tags: audit, class action, contingency, foreclosure defense, fraud, remedies, Securities act, securities violations, settlement, TILA
Posted in bubble, Corruption, securities fraud |