Foreclosure Fraud, Securites Fraud, Mortgage Fraud – The Root of America’s Economic Malaise
Mortgage Fraud is a very unpopular topic. It is simply not something anybody wants to talk about at all, let alone trace the corrosive effects of the dishonesty of our neighbors and fellow citizens on the fabric of the economy. However, it is not something that will go away. Indeed, the longer this fundamental problem … Read more
“Morgicide” – The Illegal Destruction of Mortgages by Securitization
If a bank modifies a loan, the modification may result in injury to certain classes of investors. Such financially injured investors may then sue the banks for improper administration of the investment resulting in billions of dollars of liability. Foreclosure, the measure generally accepted and prescribed in the investment documents to cure default of securitized … Read more
Interview with UK Banker Steven Green HSBC, The New World Order “Is Already Underway”
In a SPIEGEL interview, London banker and lay preacher Stephen Green, group chairman of HSBC, discusses the divide between his Christian faith and the pursuit of profit, the morality of being involved in the subprime mortgage business and whether he and his fellow bankers have learned anything from the financial crisis. SPIEGEL: Mr. Green, when … Read more
TOXIC TITLES – FOLLOWING A SUBPRIME LOAN INTO A MORTGAGE-BACKED SECURITY
The Problem of Foreclosure Titles Securitized by MERS So, I was recently featured in a post by Karl Denninger, A Birdie On Possible Foreclosure Frauds The comments on my discoveries in The Tickerforum Comment Zone were very interesting as well. It was then followed up with Tying It Together: Massive, Pernicious Fraud the next day… … Read more
