STATE OF TENNESSEE v. MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC.; et al

STATE OF TENNESSEE v. MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC.; BANK OF AMERICA, N.A.; CHASE MORTGAGE SERVICES, INC.; CITIMORTGAGE, INC.; COUNTRYWIDE HOME LOANS, INC.; COUNTRYWIDE HOME LOANS OF TENNESSEE, INC; GMAC MORTGAGE, LLC; GMAC MORTGAGE LLC. OF TENNESSEE; WELLS FARGO BANK, N.A. Hmmm… Must be another conspiracy theory… Damn those deadbeat homeowners… 4closureFraud As you can … Read more

Principle Foregiveness – Barclays Capital Examines Implications of Bank of Americas “Earned” Forgiveness Plan

Don’t Believe the Hype In yesterdays press release Bank of America stated; Bank of America announced it will look first at principal forgiveness ahead of an interest rate reduction – when modifying certain subprime, Pay-Option and prime two-year hybrid mortgages qualifying for its National Homeownership Retention Program (NHRP) Several enhancements are being made to the … Read more

A Chink in the Armor – The Meaning of MERS

Found this over at Chink In The Armor… The Voice of the White House Washington, D.C., February 24, 2010:  Although only bankers are aware of it, there is a second wave of economic disaster starting to build up that will make the earlier one pale into insignificance. Let us start out with MERS, shall we? … Read more

Trashed Out – This is Getting Ridiculous – Iraq Homecoming Spoiled After Bank of America Forecloses On Wrong Home AGAIN!

Pattern Here Folks??? Bay State Couple Says Bank Took Possession Of Wrong Home In Florida BOSTON — A Massachusetts couple says their son’s homecoming from Iraq was spoiled when Bank of America/Countrywide foreclosed on their Florida home, which they owned free and clear, according to a lawsuit. Homeowner Charlie Cardoso, of New Bedford, was shocked … Read more