Before the era of securitization, the only reason for making riskier loans was that the lender could charge a premium for borrowing — a premium that would cover the higher cost associated with defaulting loans. Now the reason is that the higher the risk, the more the Investment Bank makes and the more the mortgage broker makes […]

Tags: nonqualified loans. toxic loans, subprime loans, yield spread premium
Posted in Uncategorized |

Housing Bust 2? Low- and No-Down-Payment Mortgages Surge, “Shadow Banks” Dominate   Some of the same characters that played leading roles last time. The value of the US housing market has ballooned to $26 trillion. In many markets, prices exceed even the peak or the prior bubble that blew up so spectacularly. This construct is […]

Tags: housing bubble, housing crash 2017, mortgage securization, no money down mortgage, subprime loans, wall street mortgage fraud
Posted in Uncategorized |

I know it doesn’t make sense. Why would a lender falsify documents in order to make a loan? I had a case in which a major regional bank had their loan representatives falsify loan documents by having the borrower certify that there were houses on his two vacant lots. The bank swore up and down […]

Tags: foreclosures, securitization, subprime loans, SunTrust
Posted in Corruption, evidence, foreclosure defenses, foreclosure mill, Modification, Pleading, securities fraud, Servicer |

What’s the Next Step? Consult with Neil Garfield CHECK OUT OUR NOVEMBER SPECIAL 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). Editors’ […]

Tags: blacks, Deny and Discover, destroyed documents, discrimination in lending, evidence, foreclosure process, housing prices, investors, latins, mortgage meltdown, subprime loans, wrongful foreclosures
Posted in bubble, Corruption, Eviction, securities fraud |

With the Obama administration and private lenders actively considering mortgage-principal-reduction programs to help financially distressed homeowners, the Internal Revenue Service has issued an advisory to taxpayers who receive — or seek to receive — such assistance if it’s offered. Editor’s Note: The only thing I would add to this, for the moment, is that any […]

Tags: cancellations, damages, distressed homeowners, forgiveness of debt, Form 1099-C, Form 982, income tax, IRS, Obama, Ocwen, principal reduction, principal residence, real estate taxes, Ron Faris, subprime loans
Posted in bubble, Corruption, Eviction, securities fraud |

And probably people “of the cloth” from all denominations. We are a nation of faith. Jesus angrily drove the money lenders out of the temple. How can we stand by and allow the borrowers to be driven out of their homes? The fact is most of these victims were hunted down like a foxhunt, with […]

Tags: Apostle Garay, bailout, Bank of America, borrower, countrywide, disclosure, Florida, foreclosure defense, foreclosure offense, Jacobson, mortgage brokers, mortgage meltdown, securitization, subprime loans, The Atlantic
Posted in bubble, Corruption, Eviction, securities fraud |

Besides all of the strategies we are collecting for you here, there are some monetary resources you could consider. Things like reverse mortgages are not likely to yield you anything if you are in trouble because you needs lots of equity to get into those. But there are private lenders and peer to peer lending […]

Tags: Department of Veterans Administration, Fannie MAe, Federal Housing Administration, foreclosure defense, Freddie Mac, mortgage defaults, mortgage meltdown, mortgage securitization, peer to peer lending, private ledning, reverse mortgages, subprime loans
Posted in bubble, Corruption, Eviction |