Posted by 4closureFraud on May 30, 2010 · 1 Comment
From the Hamlet Again, let’s revisit that “deadbeat borrower” stigma again. The pervasive yet hollow-toned propaganda aimed at diverting attention from the real perpetrators of the biggest scam in the history of the world by blaming the family whose scheming ways had them planning and executing the downfall of the global economy (and even worse, … Read more
Filed under bankruptcy, cdo, cds, Corruption, foreclosure, Foreclosure Fraud, MERS, mortgage electronic registration system, securities fraud · Tagged with 08-13555-jmp, 4closurefraud, Andrew D. Velez-Rivera, assignment, bank fraud, bankruptcy, Beth Cottrell, cdo, cds, clouded title, conspiracy, criminal, foreclosure, Foreclosure Fraud, fraud, Lehman Brothers, Lehman Brothers Holdings, lynn Szymoniak, MERS, mortgage backed security, mortgage electronic registration system, Racketeering, securities fraud, securitized, trustee, U.S. Bankruptcy Trustee, wall street fraud
Posted by 4closureFraud on May 30, 2010 · 2 Comments
Posted by Karl Denninger From a report emailed to me over the weekend: At the core of the foreclosure-prevention strategy is ignoring delinquencies. The percentage of older delinquent loans not yet in foreclosure is startling: 60% have at least 12 missed payments, and 35% have at least 18 missed payments. Add to this that three-fourths … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, assignment, bank fraud, bankruptcy, cdo, cds, clouded title, conspiracy, criminal, fight the banks, foreclosure, Foreclosure Fraud, fraud, livinglies, MERS, mortgage electronic registration system, securities fraud, securitized, wall street fraud
Posted by 4closureFraud on May 30, 2010 · 1 Comment
Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Securitization is a complex series of financial transactions designed to maximize cash flow and reduce risk for debt originators. This is achieved when assets, receivables or financial instruments are acquired, classified into pools, and offered as … Read more
Filed under Foreclosure Fraud, Random Repost · Tagged with 4closurefraud, assignment, bank fraud, cdo, cds, conspiracy, criminal, foreclosure, Foreclosure Fraud, livinglies, MERS, mortgage electronic registration system, Mortgage Fraud, pooloing and servicing, securities fraud, securitized, subprime, trust, trustee
