Recovery!?! | In Oregon, Foreclosures are Going Behind Closed Doors with No Newspaper Notices

Posted by 4closureFraud on September 2, 2012 · 5 Comments 

Foreclosures going behind closed doors So, if you owe the bank $300,000 on a house that sells for $200,000, you still owe the bank $100,000 You might think, in weeks and months to come, that the home foreclosure crisis is over. Actually, it’s just going behind closed doors. We have a news story in the … 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

Study | China – Not Wall Street – Caused 2008 Crisis: Changing Fortunes – How China’s Boom Caused the Financial Crisis

Posted by 4closureFraud on September 2, 2012 · 8 Comments 

China – Not Wall Street – Caused 2008 Crisis: Changing Fortunes – How China’s Boom Caused the Financial Crisis Happen to be reading some “news” over at CNBC’s website and came across the following article… China—Not Wall Street—Caused 2008 Crisis: Study Thought the global financial crisis in 2008 was caused by subprime bonds, collateralized debt … 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 Stoller | Revisiting Statements Around the Mortgage Fraudclosure Settlement

Posted by 4closureFraud on September 2, 2012 · Leave a Comment 

Revisiting Statements Around the Mortgage Settlement A little over six months ago, negotiations over the mortgage settlement concluded with a 49 state agreement to address robosigning and other predatory mortgage servicing and foreclosure practices. This was a pivotal moment, because it was possibly the last leverage point to look into problems with the securitization process … 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

Banker Who Mooned Boss Can’t Challenge Firing, Forced to Forfeit $2 Million Corporate Partnership

Posted by 4closureFraud on September 2, 2012 · 1 Comment 

Banker Who Mooned Boss Can’t Challenge Firing (CN) – An investment banker forfeited his $2 million corporate partnership when he mooned the boss and was fired, an Illinois appeals court ruled. Jason Selch joined Wanger Asset Management as an investment analyst in 1994, staying with the company for over 10 years as it eventually merged … 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

Fair Game | Mortgage Registry (MERS) Muddles Foreclosures

Posted by 4closureFraud on September 2, 2012 · 1 Comment 

Mortgage Registry Muddles Foreclosures MORE good news from the housing front last week. Pending home sales rose 2.4 percent in July, to their highest level since April 2010. Mortgage delinquency rates are down: the Federal Reserve Bank of New York reported a decline of 6.3 percent at the end of June from the March quarter. … 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