Posts Tagged ‘new century’

Hawaii Court rules: No valid assignment means Deutsche has no standing to foreclose

Written on 5 Apr, 2012 at 21:59

Last week, Hawaii homeowners at risk of foreclosure had reason to be pleased. Not ecstatic… not jubilant… and certainly not electrified, as other bloggers have intimated might be appropriate. The decision is not cause for any of those emotions… there’s... (Continue reading)

THEY ONCE WERE LENDERS – Understanding government’s failure to stop bankers OR scammers from destroying homeowners.

Written on 25 Apr, 2011 at 21:47

And, to add insult to injury, our government has stood by obtuse and witless as these same banks have been permitted to lie, mislead, abuse, disrespect, malign and outright torture homeowners trying to apply for a government program funded by... (Continue reading)

Tagged with: Ameriquest bank of america Beneficial California DRE California Residential Mortgage Lending Act California State Bar CDOs countrywide diana olick economy Fed Chair Ben Bernanke Federal Reserve Chairman Ben Bernanke financial meltdown foreclosures Forensic loan audits fraudulent securitization FTC glenn hubbard HAMP IndyMac kramer and kaslow Laurence Meyer Lehman Bros. leveraged banks loan modification scammers loan modifications Long Beach Savings & Loan mandelman matters MARS Final Rule mass joinder lawsuit max gardner Michael Hudson Mitchell J. Stein mortgage backed securities NACA new century obama administration Ocwen one west bank PBS News Hour phillip kramer RMBS ronald v. bank of america SB 94 sub-prime lenders TARP The Monster transamerica Treasury Secretary Hank Paulson wall street washington mutual

THE SiGNiNG… Or, Pardon me, Mr. Banker, but your REMIC is showing.

Written on 10 Oct, 2010 at 10:11

So, why didn't the bankers assign the loans to the trusts? I don't know... for sure. But I'm going to go out on a limb here and tell you it's because they wanted to borrow against them, and... (Continue reading)

Tagged with: affidavits alan grayson ally bank april charney assignments assignments to the trusts Attorney General Blumenthal Bair bank fraudulent foreclosures bank of america barney frank bond market Bush Clinton corrine brown countrywide credit markets Fannie Fannie Mae FDIC FDIC Chair Sheila Bair foreclosure freeze foreclosure mills foreclosurefraud.com fraudulent foreclosures Freddie Freddie Mac GMAC GMAC/Ally Bank Grahm Greenspan HAMP House Speaker nancy pelosi HSBC illegal notarizations investors jpmorgan chase judicial foreclosure state Leech loan modifications mandelman matters martin andelman MERS midterm elections missing assignment ml-implode Moody's NACA naked capitalism new century non-judicial foreclosure state O. Max Gardner III OCC Office of the Comptroller of the Currency ohio ag old republic national one west bank pass through certificates PNC Financial President Barack Obama Reagan REMIC trusts robo-signers robosigners Rubin securitization Summers tax reform texas AG Treasury Secretary Tim Geithner US Bank wall street bankers wells fargo bank Yves Smith

FHFA Subpoenas Data from 64 Issuers of Mortgage Backed Securities

Written on 13 Jul, 2010 at 5:25

Uh oh. Someone's gonna' be in big trouble... as in... Lucy, you got some "˜splainin' to do. Is it warm in here all of a sudden?... (Continue reading)