Editor’s Notes: They are STILL doing it. This report clearly shows that the main players are still packaging sub-prime loans (which most people would define as loans likely to fail). The reason is money. The higher the spread the higher the yield spread premium. These YSP’s are still not reported to borrowers. They are hidden […]

Tags: alternative-A credits, American General, Asset Backed Alert, cause of action, DEUTSCHE BANK, Harrison Scott Publications, HERS, pattern to withhold information, RBS, statute of limitations, subprime-mortgage securitizations, Subprimes, toxic assets, yield spread premium, YSP
Posted in bubble, Corruption, Eviction, securities fraud |

NPR Report: How We Found Our Toxic Asset There’s no store where you can buy toxic assets; you have to know a guy. We know Wit Solberg, a former Wall Street trader. Solberg left Wall Street to set up his own shop, Mission Peak Capital, in Kansas City, Mo. He and a dozen guys sit […]

Tags: CUSIP: 41161PUA9, Fla., Kansas City, Mission Peak Capital, OOMLT, Option One Mortgage Loan Trust, Sarasota, toxic assets, Wit Solberg, ZIP code 34232
Posted in bubble, Corruption, Eviction, expert witness, Modification, securities fraud, Servicer |

Bear in mind now, that underneath this all are subprime mortgage loans and pool of subprime mortgage loans in which only eight percent have to go bad for the whole CDO to be worth zero. NPR Interveiw with Lewis Author Submitted by Ron Ryan, Esq. (Tucson) with the following comment: The story broke on 60 […]

Tags: asymmetric access to information, CDO, credit default swaps, inherently defective loan products, Lewis, NPR, pool, subprime mortgage loans, TARP, toxic assets
Posted in bubble, Corruption, Eviction, securities fraud |