The Market Ticker – An Open Letter To The California Democratic Caucus

An Open Letter To The California Democratic Caucus Dear Sirs and Madams; I’ve read your impassioned letter to Ben Bernanke, Eric Holder and Comptroller Walsh. You have good intentions, but you miss the point. The excuses we have heard from financial institutions are simply not credible three years into this crisis. People in our districts … Read more

Army of Homeowners Unite Help Join the Fight

AN ARMY OF HOMEOWNERS   If Homeowners want to change the system then Homeowners have a duty to fight these foreclosures which are filed by Plaintiff’s who often cannot prove that it owns the very loan it seeks to foreclose. Right now there is a numbers game going on.   Judges and Plaintiffs’ Attorneys know that … Read more

Mother Jones Andy Kroll EXCLUSIVE: Fannie and Freddie’s Foreclosure Barons

All of our efforts and all of our work on exposing these fraudsters is coming to a head. More and more, almost everyday, there are reports coming from highly respected organizations of what we all have been screaming about for years… Now is the time to push even harder. Do not let up and keep … Read more

MIT, Harvard Report: Forced Sales and House Prices – Foreclosures Reduce Home Values by 27%

“The discount is particularly large for foreclosures, 27% of a house’s value on average. It is smaller for death-related sales at 5-7% of value, and smaller again for bankruptcy-related sales at 3% of value.” ~ Abstract This paper uses data on house transactions in the state of Massachusetts over the last 20 years to show … Read more

Federal Home Loan Mtge. Corp. v Raia – Foreclosure Fraud, False Allegations, Assignment of Bid Sets Up Steven J. Baum, P.C Foreclosure Mill for Sanction Hearing

District Court of Nassau County, First District Federal Home Loan Mortgage Corp., Petitioner(s) against Paul Raia, “John Doe” Through “Jane Doe”, Respondent(s) SP 002253/10 REPRESENTATION: 4closureFraud dot org Steven J. Baum, P.C., Attorneys for Petitioner, 200 Northpointe Parkway, Suite G, Amherst, New York 14228, 716-204-2400; Jeffrey A. Seigel, by: Rudolph de Winter, of Counsel to … Read more

Father of Mortgage Backed Securites Lewis Ranieri: Securitization is Not the Villain

Ahhh but I say yes it is. He claims that the abuse of securitization is to blame. Well, I say if it is abusable, then securitzation IS to blame. “Securitization is not the villain. Abuses in securitization are to blame,” Mr. Ranieri wrote. In Mr. Ranieri’s view, the practice he invented wasn’t the culprit in … Read more