American Bankers Association Comments on “QWR”s Qualified Writtern Requests
http://www.ababj.com/briefing/scare-mail-beware-of-qwr-s.html
Mortgage giants Fannie Mae & Freddie Mac quietly shop $250 billion in bad loans
This could be one of the biggest bad-debt sales in history… Paul Muolo National Mortgage News Every so gingerly, Fannie Mae and Freddie Mac are beginning to contemplate selling their nonperforming mortgages — roughly $250 billion worth of single-family product — in the open market. But will it ever happen? And if so, who will … Read more
A Judge Judging Himself: Judicial Recusal
I don’t know how else to express my frustration with some–not all, of the mortgage lenders in my court… Why do I cite these institutions to you? Freddie Mac, Fannie Mae, AIG and the Lehman Brothers. I don’t think I cited Washington Mutual, but I’ll cite them. What are they all? They’re all creditors. … Read more
DEUTSCHE BANK SUES BANK OF AMERICA
Deutsche Bank v. Bank of America 11-25-09 This is an action for damages for breach of contract resulting from BOA’s failure to secure and safeguard over $1.25 billion worth of cash and mortgage loans that it was contractually obligated to secure on behalf of DB and contractual indemnity for the losses caused by BOA’s negligent … Read more
