Allstate vs JPMorgan Chase, WAMU et al | JPMorgan/WaMu Lied About Virtually Everything When Selling Mortgages

Posted by 4closureFraud on February 16, 2011 · 4 Comments 

Via Zerohedge Damn those deadbeat borrowers… From the Allstate vs JP Morgan lawsuit: Allstate selected a random sample of loans from each offering in which it invested to test Defendants’ representations on a loan-level basis. Using techniques and methodologies that only recently became available, Allstate conducted loan-level analyses on nearly 26,809 mortgage loans underlying its … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Matt Taibbi of Rolling Stone | Why Isn’t Wall Street in Jail?

Posted by 4closureFraud on February 16, 2011 · 19 Comments 

Why Isn’t Wall Street in Jail? Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them By Matt Taibbi Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Daily Finance | Another Way Banks Make Everyone Pay: The MERS Mortgage Mess

Posted by 4closureFraud on February 16, 2011 · 3 Comments 

“Note to homeowners hoping their MERS mortgage is a path to a free home: At most, Judge Grossman’s opinion means your debt is unsecured. That is, you still owe the money, but the bank can’t foreclose on you to make you pay.” ~ Another Way Banks Make Everyone Pay: The MERS Mortgage Mess By ABIGAIL … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Goodnight Banks: Arizona SB1259 Foreclosures; Proof of Ownership Passes Senate

Posted by 4closureFraud on February 16, 2011 · 15 Comments 

The Market Ticker – Goodnight Banks: Arizona Well what do we have here? A. FOR ANY BENEFICIARY WHO IS NOT THE ORIGINATING BENEFICIARY ON THE DEED OF TRUST, THE BENEFICIARY SHALL RECORD A SUMMARY DOCUMENT REGARDING THE BENEFICIARY’S LEGAL INTEREST IN THE DEED OF TRUST THAT CONTAINS THE FOLLOWING INFORMATION IN CHRONOLOGICAL ORDER: THE FULL NAME AND ADDRESS … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud