Ding Ding Ding – Freddie Mac vs Bank of America – $10 Million Dollar Purse

Let’s Get Ready to Rumble!!! National Mortgage News Freddie in Uproar Over B of A Probe Tied to TBW Freddie Mac is trying to prevent Bank of America from investigating its business relationship with the failed Taylor Bean & Whitaker, noting that the cost of the probe could cost the GSE $10 million or more. … Read more

Uh-oh – Fannie, Freddie Ordered To Delist Stock From U.S. Exchanges

That’s gotta sting… I wonder how that is going to affect the portfolio of Palm Beach County, and all other counties and states for that matter??? WSJ By NATHAN BECKER, JESSICA HOLZER And JACOB BUNGE The regulator for Fannie Mae and Freddie Mac ordered the two government-sponsored mortgage purchasers to delist their shares from the … Read more

Recontrust / Bank of America Foreclosure Injunction Dissolved by Federal Judge

Clark Waddoups (AP photo) utdecf_waddoups@utd.uscourts.gov (Salt Lake City, UT) – Federal Judge Clark Waddoups issued the following court order just before noon Friday. “The court held a hearing on this matter on June 10, 2010. For the reasons to be explained in a memorandum decision that the court shall file shortly, the court ORDERS as … Read more

POW!!! Barlow Appeared to Hold His Own Against the Legal Team of Bank of America – Utah Foreclosures Remain on Hold Pending Judge’s Decision

John Christian Barlow, Esq. (KCSG photo) slideshow (Salt Lake City, UT) – St. George attorney John Christian Barlow appeared to hold his own against the legal team of the Bank of America led by attorney Roy Arnold of the Pittsburgh office of Reed Smith, LLP in federal court Thursday morning before Judge Clark Waddoups. At … Read more

UPDATE UTAH FORECLOSURES – Federal vs State Rules Governing Bank of Americas Case to be Argued Before Federal Judge Clark Waddoups Thursday

Judge Clark Waddoups (AP photo) utdecf_waddoups@utd.uscourts.gov slideshow (St. George, UT) – A preliminary injunction issued by Judge James L. Shumate of the Fifth District Court halting all foreclosure proceedings in the State of Utah by Bank of America, its subsidiary companies and Mortgage Electronic Registration Systems, Inc. (MERS) hinges on whether the State of Utah … Read more

Indymac Boys Get Sweetheart Deal

New video added to the Video Page Tweet

The Great Bank Robbery Conspiracy- Paulson, Bernanke, Geithner, Goldman Sachs – How the Banksters Stole Your Money

Random Repost. Blast from the Past. Going to start off each day with a random repost from the archives… Contributed by Anonymous New York, NY- How did the United States Government and Wall Street defraud the taxpayer of trillions of dollars under the guise of a financial and banking crisis? What are the ultimate goals … Read more

Bombshell – Judge Orders Injunction Stopping ALL Foreclosure Proceedings by Bank of America; Recontrust; Home Loan Servicing; MERS et al

(St. George, UT) June 5, 2010 – A court order issued by Fifth District Court Judge James L. Shumate May 22, 2010 in St. George, Utah has stopped all foreclosure proceedings in the State of Utah by Bank of America Corporation, ; Recontrust Company, N.A; Home Loans Servicing, LP; Bank of America, FSB; www.envisionlawfirm.com. The … Read more

The Market Ticker – Consumers Learning From Banksters

The Market Ticker Posted by Karl Denninger No surprise here…. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. Yes, the tone of the article is rather negative toward these individuals. Guess what – I … Read more

Enough is Enough – Owners Stop Paying Mortgages, and Stop Fretting

From the lenders’ standpoint, people who stay in their homes without paying the mortgage or actively trying to work out some other solution, like selling it, are “milking the process,” said Kyle Lundstedt, managing director of Lender Processing Service’s analytics group. LPS provides technology, services and data to the mortgage industry. These “free riders” are … Read more

Toxic Titles – Following a Loan into a Mortgage-Backed Security

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… The Problem of Foreclosure Titles Securitized by MERS Now, here’s a Power Point Presentation that should be shown to anyone who has a shred of doubt that these banksters are committing  fraud. It was put together … Read more

House for Free? Don’t get Caught in that Trap – That is Not Your Goal

Posted on May 19, 2010 by Neil Garfield I’m probably partly to blame for this notion so I want to correct it. The goal is NOT to get your house for free, although that COULD be the result, as we have seen in a few hundred cases. The simple answer is “No Judge I am … Read more

How Main Street has Destroyed Wall Street

How Main Street has Destroyed Wall Street Posted by Capt. Jack I guess now would be a good time to shoot the greedy homeowners. It’s crystal clear. From the very beginning the homeowners have gamed the system. They started by tricking the property appraiser (lender’s agent) into submitting an outcome-based appraisal. Then, millions of homeowners … Read more

Pompous Prognosticators Chart of the Great Depression

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Enjoy! Chart locations are an approximate indication only 1. “We will not have any more crashes in our time.” – John Maynard Keynes in 1927 [NB: The authenticity of this one is a little suspect] 2. … Read more

Freddie Mac Foreclosure Fraud Timeline Management

From the presentation… Selecting the Foreclosure Counsel or Trustee Designated Counsel/Trustee Non-designated Counsel/Trustee Benefits of Using Designated Counsel Loans in the Designated Counsel program receive foreclosure timeline benefits in the Servicer Performance Profile Foreclosure and bankruptcy fees and costs are managed directly between Freddie Mac and Designated Counsel Counsel will order the BPO (Broker’s Price … Read more

Fascinating Report on the Housing and Economic Crisis and Why There Is More Pain to Come

From the Report The collapse of the U.S. housing market, the world’s largest debt market, is the defining economic event of our lifetimes. This presentation explores what happened and why, where we are today, and what the future likely holds. What Happened? For the Second Half of the 20thCentury, Housing Was a Stable Investment …And … Read more

2BG2FAIL – Ultimate Banksters License Plate

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Enjoy! PRICELESS (no pun intended) This banksters license plate says it all… Tweet

Screw You Freddie!!! Freddie Mac Shames Strategic Defaulters, tells them: For shame, don’t do it!

Get a load of this crap… From Freddie Mac’s “blog” A Perspective on Strategic Defaults Some excerpts… As the mortgage industry works through a large volume of loan delinquencies, a new and growing concern has emerged: strategic defaults. In other words, borrowers who have the financial means to make monthly mortgage payments, but choose not … Read more

Did Bankster’s Crash the Stock Market to Send a Message to Congress?

By: Mac_Slavo Did Bankster’s Crash the Stock Market to Send a Message to Congress? In Conspiracy Fact or Theory news we ask our readers to consider the possibility that the 1000 point crash and subsequent recovery within a 30 minute time period was not a “fat finger” mistake, but rather, a clear message to our … Read more

Fair Game – Freddie Mac’s Loss is Ignored in Washington

Fair Game Ignoring the Elephant in the Bailout By GRETCHEN MORGENSON Published: May 7, 2010 IF you blinked, you might have missed the ugly first-quarter report last week from Freddie Mac, the mortgage finance giant that, along with its sister Fannie Mae, soldiers on as one of the financial world’s biggest wards of the state. … Read more

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