MERS® InvestorID System is Now LIVE – Get to Know Your Investor

This is a HUGE update to the MERS® Servicer Identification System. It now identifies the INVESTOR on your loan. How much do you want to bet that in almost all foreclosure cases the Plaintiff is not the Investor… Just a random sampling of cases will reveal that the Plaintiff is not the Investor. We are … Read more

Subprime Standardization: How Rating Agencies Allow Predatory Lending to Flourish in the Secondary Mortgage Market

Abstract: Predatory lending, the origination of loans with abusive terms to homeowners, is rampant in the subprime mortgage market. In the last few years, many states responded to this problem by enacting consumer protection laws. Large segments of the lending industry have opposed these laws. In large part because of these complaints, momentum is building … Read more

Foreclosure Fraud of the Week – David J. Stern ESQ / Cheryl Samons Assignment of Mortgage – No Signature, No Problem!

Sorry I haven’t been keeping up with this little “game.” Can you believe there has been so much other fraud going on that I haven’t had the time? Anyway, each week when I have the chance, we will be taking ten random foreclosure cases out of the Palm Beach County court house and picking out … Read more

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