Wednesday 4th December
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California Homeowner in Foreclosure Wins Quiet Title – It’s a Free House!
Written on 7 May, 2012 at 7:11
For one thing, filing quiet title did work out well for Denise Saluto, and since I would never have predicted it happening in her case, I'm certainly not going to tell you it won't happen again in yours, because as... (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)
Mandelman U. Presents: There’s Credit Default Swaps & then there’s Credit Default Swaps
Written on 23 Nov, 2010 at 12:24
Seventy percent of the U.S. economy is driven by consumer spending, which has been driven by borrowing over the last ten years. Even if we wanted to do so, we can't borrow our way back to prosperity this time... (Continue reading)
Chief Judge Gonzalez calls WaMu’s Conduct “Immoral, Unethical, Oppressive, Unscrupulous or Substantially Injurious to Consumers” (You go, Your Honor.)
Written on 10 Nov, 2010 at 0:18
Now, tell the truth... I'm not saying that this is what happened next, but what if I told you that the next thing that happened was that Khast bought a handgun and shot a banker in the head, would you... (Continue reading)
The Federal Reserve Made a Record $47.4 Billion HELPING Housing Market in 2009?
Written on 27 Jul, 2010 at 20:05
The Federal Reserve, by the way, doesn't exist to make a profit like the commercial banks. Until 2009, the Fed paid no interest on the bank reserves and other monies it holds, and it earns interest on the Treasury... (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)
Senate Investigation Says Banks Caused Crisis, Not Borrowers
Written on 22 Apr, 2010 at 13:45
As I've said what feels like a million times in a million different ways... it wasn't the borrowers, it was the banks, and what caused the crisis was that the banks broke the bond market... and it remains broken to... (Continue reading)
WaMu’s Top Gun Loan Officers Targeted Low-Income Minorities to Rob the Bank and the Nation
Written on 16 Apr, 2010 at 7:19
It would be one thing if the story of Tom Ramirez and Mario Loria at Washington Mutual's Loan Processing Center was nothing more than the story of two rogue mortgage bankers who gamed the system and got away with millions... (Continue reading)
WaMu and We Don’t Lose Deals to Income!
Written on 14 Apr, 2010 at 5:55
Those are the words that were printed on a large banner that hung above the cubicles at Ameriquest Mortgage in Sacramento, California, according to an ex-employee of the now defunct sub-prime mortgage banking lender that was shut down by Citigroup... (Continue reading)