Posts Tagged ‘Ginnie mae’

SECURITIZATION: How our society changed when we learned to turn lead into gold.

Written on 30 Sep, 2013 at 13:07

Before securitization children were raised receiving fewer presents for their birthdays and holidays and I don't need a source for that statistic. Water is wet, the sky is blue, and that's a fact. Hotel rooms never cost $600... (Continue reading)

One Bank Did Right by Homeowners & Shareholders – A Story You Haven’t Heard Before

Written on 17 May, 2013 at 17:40

There is one mortgage banker that did it right for their shareholders and borrowers. They didn't take TARP funds or any sort of tax-payer funded bailout... instead they took their losses, restructured the company, and protected their shareholders... ... (Continue reading)

Tagged with: AIG auction.com bailouts bank of america bondholders CDOs citibank credit default swaps diana olick economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke foreclosure crisis foreclosures Freddie Mac Ginnie mae Goldman Sachs HAMP Impac Impac Mortgage Holdings Inc. Indymac bank investors modifying loans Joe Tomkinson jpmorgan chase loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters martin andelman max gardner ml-implode mortgage crisis mortgage meltdown mortgage refinancing mortgage servicers NACA National Mortgage Settlement obama administration one west bank Residential Mortgage Backed Securities RMBS Ron Morrison servicers deny modifications TARP Treasury Secretary Tim Geithner trial modifications wall street bankers wells fargo bank William "Bill" Ashmore

GUEST POST: Prove Fannie & Freddie Innocent Before Suing the Banks – And Here Is How

Written on 7 Sep, 2011 at 13:29

For twelve years during and after the Savings & Loan crisis (1988-2000), I led the group of business analysts at PricewaterhouseCoopers that was responsible for monitoring Ginnie Mae's $600 billion portfolio of mortgage-backed securities. During that period, I learned... (Continue reading)

Tagged with: bank of america banking lobby citibank economic recovery economy Fannie Mae FDIC FDIC Chair Sheila Bair Federal Reserve Chairman Ben Bernanke FHFA FHFA lawsuits foreclosure crisis foreclosures Freddie Mac Ginnie mae Goldman Sachs GSEs HAMP Indymac bank jpmorgan chase mandelman mandelman matters martin andelman MBS ml-implode mortgage backed securities mortgage crisis mortgage refinancing mortgage securitization mortgage servicers obama administration one west bank recession RMBS Subprime Mortgage Crisis TARP Treasury Secretary Tim Geithner wall street bankers wells fargo bank

Upcoming Max Gardner Seminar: UCC’s Impact on Securitization and Foreclosure Defense

Written on 3 Sep, 2011 at 5:06

Max Gardner, along with his faculty of expert guest speakers, will be delivering two specially designed in-depth sessions each one laser focused on the topic of the UCC's impact on mortgage securitization - and each of the seminars is specifically... (Continue reading)

Tagged with: Article 9 of the UCC and Mortgage Notes David Springer default servicers Delaware Trust Law eric clark Fannie Mae foreclosure crisis foreclosure defense foreclosure defense and the UCC foreclosures Freddie Mac Ginnie mae HAMP Hon. Samuel L. Bufford Jay Patterson Judge Arthur Schack legal standing loan modifications mandelman mandelman matters Margery Golant martin andelman Master Servicers Master Trust Agreements max gardner Max Gardner's Bootcamp Max Gardnerâ€™s Boot Camp Army MERS michael Doan mortgage assignments mortgage backed securities mortgage crisis Mortgage Custodial File as Required by the PSA Mortgage Electronic Registration Service Mortgage Loan Sale Agreements mortgage refinancing Mortgage Schedules Negotiable Note Under Article 3 of the UCC New York Trust Law O. Max Gardner III pooling and servicing agreements Primary servicers PSA real party in interest REMIC Tax Act of 1986 richard Shepherd RMBS Section 1-302 of the UCC Section 2.01 of the PSA and Non-Negotiability Tara Twomey of National Consumer Law Center TARP Thomas Cox trial modifications wall street bankers

Barofsky’s Report: Taxpayer Support for Financial Sector Now $3.7 Trillion

Written on 24 Jul, 2010 at 5:47

Taxpayer support for the financial system grew by $700 billion last year, and has now reached roughly $3.7 trillion, including TARP, Federal Reserve programs, asset guarantees and federal bank deposit insurance, among other commitments. ... (Continue reading)

JPMorgan Chase Blows Away Analysts’ Estimates, Lies Beyond Expectations

Written on 21 Jul, 2010 at 7:34

But, I suppose as long as Geithner doesn't make the mega-bank write down any losses in the future, everything will work out just fine and dandy. What, me worry? No chance of that. Besides, I don't know... (Continue reading)