Two Faces: Demystifying the Mortgage Electronic Registration System’s Land Title Theory

Christopher Lewis Peterson University of Utah – S.J. Quinney College of Law Date posted: October 01, 2010 Abstract: Hundreds of thousands of home foreclosure lawsuits have focused judicial scrutiny on the Mortgage Electronic Registration System (“MERS”). This Article updates and expands upon an earlier piece by exploring the implications of state Supreme Court decisions holding … Read more

This is NOT About Free Houses – Market Ticker Foreclosure Fraud Update: Weekend Condensed Edition

“This is not, at this point, about whether the homeowner is paying or not.  I am not going to sit here and try to justify the impossible-to-justify – giving people free houses.  That is something we clearly cannot do. No, I’m going to make the case here instead that this is not about “free houses” … Read more

The Market Ticker – More Thoughts On The MBS / Foreclosure Mess

More Thoughts On The MBS / Foreclosure Mess After some more thought on the Tickers I’ve written of late related to the MBS mess (including here, here, here and more), I’ve got a few thoughts on how to resolve all of this. Let’s not forget that The Housing Mess and fraudulently-issued loans were why I … Read more

Foreclosure Fraud – The Market Ticker – See, I Told You So (Deliberate Destruction Of Documents)

Gee, who woulda thunk… See, I Told You So (Deliberate Destruction Of Documents) Yves over at Naked Capitalism has dug up confirmation of what I’ve been saying now for more than two years and have had on “background” and could not “out” the sources of – the practice of not complying with both MBS securitization … Read more

The Market Ticker – Why Do YOU Obey The Law?

Why do you??? Why does anyone??? Really, why do you??? Think about it, really really think about it… “I haven’t seen any widespread problem” ~ I am not sure why anybody does anymore… From The Market Ticker ® The Market Ticker – Why Do YOU Obey The Law? I’ve got to ask. It’s a tough … Read more

Being Foreclosed With An Option ARM? Read This NOW – The Market Ticker

Well, well, well… This is interesting… From Karl at The Ticker… Being Foreclosed With An Option ARM? Read This Incidentally, I know this attorney and this was one of the points I laid out for him.  He turned it into a legal argument and, well, read this: ORDER GRANTING DEFENDANT THEODORE FOREMAN’S MOTION TO DISMISS … Read more

Gee, It Took The Senate THREE YEARS? (WaMu)

Posted by Karl Denninger in Corruption In a pair of articles that outline exactly how outrageously corrupt our government’s so-called “regulators” really are, The WSJ points to the Senate investigation on Washington Mutual: WASHINGTON–Officials at the failed banking operations of Washington Mutual Inc. securitized substantial volumes of risky, fraudulent loans in the run-up to the … Read more

Consumer Anger Rising Fast: Chargebacks

From The Market Ticker (Karl Denninger) Anecdotal report thus far…. On the forum there is a report of a number of merchants dropping credit card processing entirely due to rampant (and bogus) chargebacks. Does anyone remember my Tickers on “Is The Government a Felon or a Cop“ posts? Go read ‘em again. One of the more … Read more

WE THE PEOPLE (Have Had Enough)

From The Market Ticker Karl Denninger THE seminal question for this year – coming into the mid-term elections – is exactly that. Have you had it? Are you tired of being bent over the table with 29.9% credit card interest rates while these big banks borrow at zero from The Fed and use that money … Read more

Obama: Time To Keep Your Promises

Posted by Karl Denninger Fraud is against the law Mr. President. It always has been. You need no new laws, you have plenty of existing ones. It is my belief that there are literally tens of thousands of people and hundreds of companies, including some very large public ones, you should have under investigation if … Read more