Posts Tagged ‘mortgage assignments’

What Makes a Mortgage a “Bad Loan?” I’m Confused.

Written on 20 May, 2013 at 4:43

Or do we only judge a loan to be "bad" after it defaults, and because it defaults? Assuming there are NOT predatory practices involved, is a loan "good" until it defaults and then it becomes "bad." And is... (Continue reading)

MERS Has Trouble, Right There in Ohio, With a Capital ‘T’…

Written on 18 Oct, 2011 at 18:28

"This case asks court very directly whether the MERS system complies with state law. If it doesn't then I'm going to go back and reopen all of the foreclosures alleging that the transfers were invalid," says Dann without hesitation. ... (Continue reading)

Tagged with: Bank of America Corp. banking lobby CCO Mortgage Corp Chase Home Mortgage Corp Citimortgage Inc Corelogic Corinthian Mortgage Corp David P. Joyce economic recovery Everhome Mortgage Corp foreclosure crisis foreclosures Former Ohio Attorney General Marc Dann Geauga Countyâ€™s prosecuting attorney GMAC Guaranty Bank HAMP HSBC Bank loan modification Making Home Affordable Plan mandelman mandelman matters marc dann martin andelman max gardner MERS MGIC Investors Services mortgage assignments mortgage crisis Mortgage Electronic Registration Systems Inc. mortgage servicers Nationwide Advantage Mortgage O. Max Gardner III ohio state law PMI Mortgage Services Company recession recording mortgage assignments state of ohio Suntrust Mortgage TARP trial modifications United Guaranty Corp 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

FEDS Announce Enforcement Actions Against 14 Servicers, LPS and MERS… Hot Towels in Washrooms Threatened Once Again

Written on 19 Apr, 2011 at 14:41

Still, I'm committed to covering this subject even when doing so means that I have to start drinking at 9:30 in the morning... kidding, I'm just kidding... so, here's the news on the FEDS and their "enforcement actions," and I... (Continue reading)

Tagged with: Ally Financial/GMAC American Idol Aurora Bank bank of america ben bernanke citigroup EverBank FDIC federal banking regulators federal reserve foreclosure defense Foreclosure process governance foreclosures HAMP housing market HSBC Interagency Review of Foreclosure Policies and Practices jpmorgan chase lender processing services loan modifications LPS mandelman matters martin andelman max gardner Max Gardner's Bootcamp MERS MetLife ml-implode mortgage assignments mortgage crisis Mortgage Electronic Registration Systems mortgage servicers O. Max Gardner III OCC Office of the Comptroller of the Currency Office of Thrift Supervision OneWest Bank OTS PNC Financial REST Report robo-signers shame the banks Sovereign Bank state attorneys general SunTrust U.S. Bancorp wells fargo

Bankers Apoplectic Over Arizona’s Republican Dominated Senate Passing Chain of Title Bill, 28-2

Written on 24 Feb, 2011 at 23:37

The only reason this bill is being pushed through the Arizona legislature is that one of that state's senators actually tried to rescind her own predatory loan and found out first hand what it's like to have to deal with... (Continue reading)

Tagged with: Adam Levitin Arizona Bankers Association arizona foreclosure law arizona foreclosure legislation Arizona Governor Jan Brewer Arizona Republicans Arizona S.B. 1259 Arizona Senate Arizona Senate Bill 1259 Arizona State Senator Michele Reagan Arizona Trustees Association assignment of note bank of america bankruptcy bloomberg chain of title Christopher L. Peterson citibank Credit Suisse Federal Bankruptcy Court Judge Grossman foreclosure defense Georgetown Law Professor HAMP hardest Hit States investor guidelines JPMorgan Chase & Co. mandelman matters martin andelman Merscorp Inc. mortgage assignments one west bank Paul Hickman pooling and servicing agreements PSA REST Report richard chambliss robo-signer Tara Twomey of National Consumer Law Center TARP wells fargo bank

Foreclosure Fraud: Tough Issues With Which to Grapple

Written on 30 Oct, 2010 at 20:37

Just in case any children are reading this, and one never knows about such things, forgery and perjury are never found on the right path to follow when attempting to cover up, flagrant and immeasurable fraud and massive malfeasance, boys... (Continue reading)

Tagged with: ag investigations april charney attorneys general in 50 states bank of america banker fraud credit crisis credit default swaps FDIC Chair Sheila Bair FHA foreclosure affidavits foreclosure defense foreclosure fix foreclosure fraud foreclosure moratorium foreclosures GMAC Goldman Sachs HAMP housing bubble HUD HUD secretary jamie dimon Jim Lehrer jpmorgan chase judicial foreclosure state Lehman Bros. lloyd blankfein loan modifications max gardner merrill lynch MERS midterm elections mortgage assignments mortgage servicers non-judicial foreclosure state NPV test O. Max Gardner III PBS News Hour Professor L. Randall Wray ratings agencies regulatory agencies REMIC trusts robo-signers robosigners shaun donovan short sales TARP Treasury's NPV University of Missouri at Kansas City wall street bankers wells fargo bank

House Dems Tell Justice Dept, the Fed, and Comptroller of Currency: “It is time that are held accountable for their practices.”

Written on 6 Oct, 2010 at 23:08

With the election now less than a month away, House Democrats have requested a formal investigation into the highly questionable foreclosure practices by the banks and servicers. According to the Times story, Speaker Pelosi said that "the excuses we... (Continue reading)