Road to Securitization

Precrisis Mortgage Backed Securities Make a Comeback

“Of the borrowers that are still current, there’s a high likelihood that they will remain current” ~ Mortgage-backed securities back in vogue? The collapse of mortgage-backed securities drove the financial crisis, but many fund managers are snapping up the pre-crisis offerings. “We’ve seen strong demand for those assets recently,” said Dan Adler, a senior portfolio … Read more

dimonGodfather

Matt Taibbi: The $9 Billion Witness – Meet JPMorgan Chase’s Worst Nightmare

Matt Taibbi: The $9 Billion Witness – Meet JPMorgan Chase’s Worst Nightmare Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take … Read more

Court

Standing at Inception: A Payment History from a Servicer Does Not Prove Standing

Standing at Inception: A Payment History from a Servicer Does Not Prove Standing Cross-posted from The Law Offices of Evan M. Rosen An excerpt from one of our latest trial wins: MR. ROSEN:  Judge, at this time, we would like to make a motion pursuant to 1.420, Rules of Civil Procedure, a motion for involuntary … Read more

halloween 2014

Vacant “Zombie” Foreclosures Nationwide Decrease 23 Percent From Year Ago But Increase in 16 States, 60 of 212 Metros

Zombies up More Than 20 Percent in New York City, Washington, D.C., Philadelphia; New York City, Miami, Tampa and Chicago Post Highest Zombie Foreclosure Totals; ~ Vacant “Zombie” Foreclosures Nationwide Decrease 23 Percent From Year Ago But Increase in 16 States, 60 of 212 Metros IRVINE, Calif. – October 30, 2014 — RealtyTrac® (www.realtytrac.com), the … Read more

Money