Obama Orders Realtors Who Sold Foreclosed-Upon Houses To Give Their Commission Back

Sorry, couldn’t resist… 🙂 Obama Orders Realtors Who Sold Foreclosed-Upon Houses To Give Their Commission Back FOR SALE: Cozy, charming 2 br, 1ba. in desirable location near I-95 overpass. New brakes, tires. Hurry! Only $374,999.00. For every half-broke family who were advised to “buy as much house as you can get financing for” during the … Continue reading

2004 Report on Predatory Lending & Servicing Practices & Their Effect on Corporate Compliance, Conduct, Ethics & Accounting

I always knew this day would come when frauds and abuses of the servicers and their lawyers would be investigated.  Preparing for that I wanted to leave a trail, like a bear with diarrhea in the woods, to the very top CEOs, boards, law firms, accountants etc… of the abuses so they could never claim … Continue reading

Father of Mortgage Backed Securites Lewis Ranieri: Securitization is Not the Villain

Ahhh but I say yes it is. He claims that the abuse of securitization is to blame. Well, I say if it is abusable, then securitzation IS to blame. “Securitization is not the villain. Abuses in securitization are to blame,” Mr. Ranieri wrote. In Mr. Ranieri’s view, the practice he invented wasn’t the culprit in … Continue reading

McKinley v Federal Housing Finance Agency – FOIA Lawsuit Filed Against FHFA Over Fannie Mae and Freddie Mac Documents

Press Release Contact Information: Press Office 202-646-5172, ext 305 Washington, DC Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it filed a Freedom of Information Act (FOIA) lawsuit on July 12 (McKinley v. Federal Housing Finance Agency, Civil Action No. 10-1165 (HHK).) In the FOIA lawsuit, Judicial Watch … Continue reading

Morgan Stanley to Pay $102 Million for Role in Massachusetts Subprime Mortgage Meltdown Under Settlement with AG Coakley’s Office

Following AG Investigation, Investment Giant To Provide $58 Million In Relief To 1000 Massachusetts Homeowners And Return $19.5 Million To Massachusetts Taxpayers; During Economic Crisis, AG Coakley’s Office has secured more than $440 million in relief for investors and borrowers, ensured mortgage relief for more than 15,000 homeowners in Massachusetts, and recovered more than $50 … Continue reading

$40 Million Lawsuit Filed by Sarasota County Against Wells Fargo Bank

Now this is interesting… Someone over in Sarasota needs to follow this case and pull the files as they are submitted. Might find some good discovery and pleadings… A $40 million lawsuit has been filed by Sarasota County against Wells Fargo Bank, N.A. alleging improper investment advice with regard to the county’s securities lending portfolio … Continue reading

Strategic Default – The Banksters Keep Stealing – Why Keep Paying?

Couldn’t of said any of this better myself… I think we all need to start educating Dylan on all of the FACTS that we are seeing in the bowels of our court systems… He is pretty passionate on the issues… If he only knew the level of FRAUD that we are seeing… Think he would … Continue reading

Subprime Standardization: How Rating Agencies Allow Predatory Lending to Flourish in the Secondary Mortgage Market

Abstract: Predatory lending, the origination of loans with abusive terms to homeowners, is rampant in the subprime mortgage market. In the last few years, many states responded to this problem by enacting consumer protection laws. Large segments of the lending industry have opposed these laws. In large part because of these complaints, momentum is building … Continue reading

Fannie Mae Report – Facing Strategic Crossroads June 27, 2005

Here is an interesting little gem… Fannie Mae Report – Facing Strategic Crossroads ~ 4closureFraud 1-561-880-LIES Florida Foreclosure Defense Law Offices of Carol C. Asbury http://www.FightTheBanksNow.com

Foreclosure Fraud – BAC / Countrywide Must Pay $108 Million for Illegally Overcharging Struggling Homeowners; Loan Servicer Inflated Fees, Mishandled Loans of Borrowers

For Release 06/07/10 Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will … Continue reading

Understanding the Securitization Process and the Impact on Consumer Bankruptcy Cases

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Securitization is a complex series of financial transactions designed to maximize cash flow and reduce risk for debt originators. This is achieved when assets, receivables or financial instruments are acquired, classified into pools, and offered as … Continue reading

Toxic Titles – Following a Loan into a Mortgage-Backed Security

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… The Problem of Foreclosure Titles Securitized by MERS Now, here’s a Power Point Presentation that should be shown to anyone who has a shred of doubt that these banksters are committing  fraud. It was put together … Continue reading

Ohio Attorney General vs AHMSI American Home Mortgage Servicing Inc

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Ohio Attorney General Richard Cordray today filed a lawsuit against American Home Mortgage Servicing Inc. (AHMSI), a Texas-based company servicing more than 12,000 subprime and prime mortgage loans in Ohio. The lawsuit alleges numerous violations of … Continue reading

How the Homeowners Took Down the Entire Financial System – Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future – May 2010

Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future Clifford V. Rossi Robert H. Smith School of Business University of Maryland May 2010 Executive Summary Not since the Great Depression has there been a contraction in the U.S. housing market of such scale. With much attention given already to complex mortgage … Continue reading

Predatory Grizzly “Bear” Attacks Innocent, Elderly, Poor, Minorities, Disabled & Disadvantaged With Predatory Lending Scams & Frauds!

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… The Story of Bear Stearns Direct Involvement In And Support Of Predatory Lending In America! Here is a 105 page report witten by Nye Lavalle going back over ten years… INTRODUCTION This report documents what is … Continue reading