Adam Levitin | Ibanez and Securitization Fail
Ibanez and Securitization Fail posted by Adam Levitin The Ibanez foreclosure decision by the Massachusetts Supreme Judicial Court has gotten a lot of attention since it came down on Friday. The case is, not surprisingly being taken to heart by both bulls and bears. While I don’t think Ibanez is a death blow to the securitization … Read more
No Federal Preemption by a Trustee of a Mortgage Backed Security Trust from Senior Counsel of the Office of the Comptroller of the Currency
In light of the Fraudclosure actions in New Jersey, I though I would dig up and dust off this post from back in July of last year, reposted in full below… No Federal Preemption by a Trustee of a Mortgage Backed Security Trust from Senior Counsel of the Office of the Comptroller of the Currency Posted … Read more
Daily Finance | Big Banks Tell N.J. Courts to Stop Bugging Them About Foreclosure Documents
Big Banks Tell N.J. Courts to Stop Bugging Them About Foreclosure Documents By ABIGAIL FIELD When New Jersey tightened its rules for foreclosures in response to the false loan document crisis, it took the unprecedented step of ordering the six largest servicers — Ally Bank/GMAC, Bank of America (BAC), Citibank (C), JPMorgan Chase (JPM), Wells … Read more
Letter to the New Jersey Supreme Court Concerning Fraudulent Documents Filed in Foreclosure Proceedings w/ Exhibits
Superior Court Chancery Division General Equity Part 210 South Broad Street Trenton, New Jersey 08625 In the Matter of Residential Mortgage Foreclosure Pleading and Document Irregularities Superior Court of New Jersey, Chancery Division-General Equity Part, No. F- 59553-10, Mercer County (Trenton) Honorable Mary C. Jacobson, F.J.Ch LETTER TO THE NEW JERSEY SUPREME COURT CONCERNING FRAUDULENT … Read more
PB Post | State guilty of ‘delusional behavior’ in slow response to foreclosure chaos, critics say
State guilty of ‘delusional behavior’ in slow response to foreclosure chaos, critics say By Kimberly Miller Palm Beach Post Staff Writer Fed up with the foreclosure chaos, the New Jersey courts demanded that banks prove the integrity of their home repossession systems or face shutdown. To demonstrate the need for the Dec. 20 order, New … Read more
Fannie Mae Foreclosure Propaganda | WaysHome – Foreclosure: The Video Game
To bad there isn’t a “fight the bastards” option and make em prove up their claims… Foreclosure: The video game Are you ready for Foreclosure: The Video Game? Well, ready or not, government-owned Fannie Mae has unveiled WaysHome, a free, online interactive game/movie and “learning tool.” The game, tool, or whatever it is, is composed of … Read more
Miami Herald | Foreclosure Crisis Hits Home for All
Foreclosure Crisis Hits Home for All In the years since South Florida’s housing market began its historic crash, a debilitating ripple effect has spread to many of the region’s institutions, sparking a number of satellite problems, ranging from fabricated foreclosure documents to faulty mortgage note transfers. Major lenders, local governments and county courts have spent … Read more
Naked Capitalism | So What Else Has the American Securitization Forum Said That is Wrong?
So What Else Has the American Securitization Forum Said That is Wrong? As readers may recall, the American Securitization Forum came out, in what it no doubt thought was guns-a-blazing style, to attack critics of securitization abuses. In particular, the ASF was taking aim at theories of the sort advanced on this blog, and later … Read more
$432 Billion Pension Fund Coalition Demands Bank Directors Immediately Examine Foreclosure Practices
$432 Billion Pension Fund Coalition Demands Bank Directors Immediately Examine Foreclosure Practices ~ 4closureFraud.org Tweet
