Editor’s Comments: Everyone now has heard of credit default swaps but very few people understand what they mean and fewer still understand their importance in connection with the securitization of residential mortgage loans and other types of loans.The importance of understanding the operation of a CDS contract in the context of foreclosure defense cannot be […]

Tags: accounting, CDS, credit default swaps, creditor, DEBTOR, default, delinquency, downgrade, excess proceeds, loss reserves, non-payment, payment, pretender lender, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

The reason for this requirement of transparency and the cutting edge of claiming or clawing back the illicit profits is simple: in a true fair and free market, the lender would know his risk and the borrower would understand the terms. Both would be on alert if unusual fees, profits and kickbacks were known to […]

Tags: AIG, Benmosche, Chartis, Federal reserve Bank of New York, fees, Goldman, investment banker, profits, Sanford C. Bernstein, securitization chain, Thomson reuters, TILA, Todd Bault, undisclosed, Walsh
Posted in bubble, Corruption, Eviction, securities fraud |

Lawsuits like this one have been on the rise as ever more mortgages default. It is no secret that the housing market boom fostered poorly underwritten mortgages, in which it was common that a borrower’s income was inflated or never documented. Insurers are denying the claims on many loans, asserting they are not liable to […]

Tags: Bank of America, countrywide, fraud, insurance, insurance claims, loans, MGIC Investment Corp., mortgage insurance, mortgage underwriting, New York, Old Republic International Corp., rescission, Sara Lepro, Supreme Court, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

OK I’m upping the ante here with some techno-speak. But I’ll try to make it as simple as possible. YIELD is the percentage or dollar return on investment. For example, if you buy a bond for $1,000 and the interest rate is 5%, the yield is 5%. You are expecting to receive $50 per year […]

Tags: appraisal fraud, bailout, credit default swaps, insurance, pool, SIV, TILA, yield, yield spread, yield spread premium
Posted in bubble, Corruption, Eviction, securities fraud |

No governmental relief is in sight for homeowners except in isolated instances of community action together with publicity from the media. State and federal governments continue to sink deeper into debt, cutting social and necessary services while avoiding the elephant in the living room: the trillions of dollars owed and collectible in taxes, recording fees, […]

Tags: bailout, bankruptcy, borrower, credit crisis, disclosure, Federal reserve, foreclosure defense, foreclosure offense, foreclosures, fraud, Lender Liability, MERS, securitization, TILA
Posted in bubble, Corruption, Eviction, securities fraud |

  NOW AVAILABLE OF AMAZON/KINDLE! EDITOR’S NOTE:MY WIFE WILL KILL ME IF SHE FINDS OUT I’VE BEEN WORKING. SHHHHHHHHH. This news is irresistible. MERS is all but dead with this single decision (see below). Here are the salient points:   MERS is not a beneficiary even if the mortgage deed or deed of trust states […]

Tags: affifrmative defenses, allonge, assignment, bankrupty, beneficiary, cloud on title, DEED OF TRUST, defenses, discovery, interrogatories, invalid deed of trust, invalid mortgage deed, Investigation, lack of standing, lawsuit, MERS, money judgment, mortgage deed, motion for contempt, motion to lift stay, motion to strike pleadings, motion tocompel, notice of deposition, real financial interest, request for access, request for admissions, request toproduce, RESPA, standing, TILA, unsecured loan, unsecured obligationunsecured note, void deed of trust, void mortgage deed
Posted in bubble, Corruption, Eviction, securities fraud |

See how-to-negotiate-a-short-sale See Michael Moore — Modifications See Template-Lawsuit-STOP-foreclosure-TILA-Mortgage-Fraud-predatory-lending-Set-Aside-Illegal-Trustee-Sale-Civil-Rico-Etc Includes QUIET TITLE and MOST FEDERAL STATUTES — CALIFORNIA COMPLAINT See how-to-buy-a-foreclosed-house-its-a-business-its-an-opportunity-its-a-risk My statements here relate to general information and not legal advice. Generally we are of the opinion that the loan modification programs are a farce. First they end up in foreclosure in 6-7 months […]

Tags: Appraisal, chain of possession, chain of title, Federal government, foreclosure, forensic analyst, LAWYER, modification, mortgage lenders, pretender lender, quiet title, RESPA, securities, securitization, TILA, yield spread premium
Posted in bubble, Corruption, Eviction, securities fraud |

WHY WE ARE PLANNING 2-3 DAY BOOT-CAMPS AND MANUALS FOR LAWYERS, BOOT-CAMPS FOR FORENSIC ANALYSTS, AND BOOT-CAMPS FOR LAYMEN. IT’S JUST NOT AS SIMPLE AS YOU MAY WANT IT TO BE. NOT EVERYTHING ENDS WELL. THE BATTLE IS ON. THIS JUDGE SAID THE ASSIGNMENT DOESN’T NEED TO BE RECORDED TO PROVE OWNERSHIP. HE’S TECHNICALLY RIGHT, […]

Tags: advanced money, authority, discovery, DVL, enforcement of mortgage, enforcement of note, enforcement of obligation, fairness, Fitzgerald, Florida, investors, legal maneuvering, ownership, pretender lender, QWR, recording in Florida, RESPA, satisfaction of mortgage, securitization chain, TILA, true lender
Posted in bubble, Corruption, Eviction, securities fraud |

JC question shows the way to recovery of equity and helping two or more homeowners for the price of one. Seek damages under any of the theories we have suggested here or any one we have a not thought of and if you get a final judgment for damages it will either be paid by […]

Tags: foreclosure offense, Lender Liability, predatory lending, securitization, TILA
Posted in bubble, Eviction |

Kathleen Engel, professor of law at Suffolk University, said the federal government should step in to help states deal with “toxic titles’’ that are clogging up the system from California to Florida. She said until recently few people were scrutinizing paperwork of foreclosing lenders, whose actions are causing problems for borrowers, investors, and municipalities. No […]

Tags: bankruptcy, borrower, disclosure, foreclosure defense, Lender Liability, lenders, lost note, mortgage meltdown, predatory lending, rescission, securitization, TILA, trustee
Posted in bubble, Eviction |