NOW AVAILABLE ON KINDLE/AMAZON! SEE calhoun_testimony LITANY of MORTGAGE LENDING ABUSES AND OTHER BANK ABUSES Admitted by Responsible Lending Association Isn’t it interesting, frustrating, maddening that not only did Wall Street do it to 20 million homeowners in one form or another, they did it to the Federal Government too, which means they spread their […]

Tags: Brazil and China, Concord Coalition, Edmund Andrews, Fed, Glass Steagel, Goldman Sachs, It Takes a Pillage, Michael Calhoun, Nomi Prins, Ny Times, Pimco Group, Responsible Lending, Robert Bixby, teaser rates, William H Gross
Posted in bubble, Corruption, Eviction, securities fraud |

Fraudulent Appraisals, Teaser Rates, and Manufactured Defaults: Boons to Borrowers in Defending Foreclosure As more and more lender misconduct hits the Internet airwaves and more of us continue our investigation into and scrutiny of the practices of originating lenders and their downline successors, certain themes are developing which give rise to numerous defenses to mortgage foreclosure actions. Three such […]

Tags: appraisals, ARM, default in payment, foreclosure, HELOC, interest rates, investment bankers, originating lenders, servicing agent, stated income, successors, teaser rates
Posted in Eviction |