Obama Orders Realtors Who Sold Foreclosed-Upon Houses To Give Their Commission Back

Sorry, couldn’t resist… 🙂 Obama Orders Realtors Who Sold Foreclosed-Upon Houses To Give Their Commission Back FOR SALE: Cozy, charming 2 br, 1ba. in desirable location near I-95 overpass. New brakes, tires. Hurry! Only $374,999.00. For every half-broke family who were advised to “buy as much house as you can get financing for” during the … Read more

2004 Report on Predatory Lending & Servicing Practices & Their Effect on Corporate Compliance, Conduct, Ethics & Accounting

I always knew this day would come when frauds and abuses of the servicers and their lawyers would be investigated.  Preparing for that I wanted to leave a trail, like a bear with diarrhea in the woods, to the very top CEOs, boards, law firms, accountants etc… of the abuses so they could never claim … 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

McKinley v Federal Housing Finance Agency – FOIA Lawsuit Filed Against FHFA Over Fannie Mae and Freddie Mac Documents

Press Release Contact Information: Press Office 202-646-5172, ext 305 Washington, DC Judicial Watch, the public interest group that investigates and prosecutes government corruption, announced today that it filed a Freedom of Information Act (FOIA) lawsuit on July 12 (McKinley v. Federal Housing Finance Agency, Civil Action No. 10-1165 (HHK).) In the FOIA lawsuit, Judicial Watch … Read more

Morgan Stanley to Pay $102 Million for Role in Massachusetts Subprime Mortgage Meltdown Under Settlement with AG Coakley’s Office

Following AG Investigation, Investment Giant To Provide $58 Million In Relief To 1000 Massachusetts Homeowners And Return $19.5 Million To Massachusetts Taxpayers; During Economic Crisis, AG Coakley’s Office has secured more than $440 million in relief for investors and borrowers, ensured mortgage relief for more than 15,000 homeowners in Massachusetts, and recovered more than $50 … Read more

$40 Million Lawsuit Filed by Sarasota County Against Wells Fargo Bank

Now this is interesting… Someone over in Sarasota needs to follow this case and pull the files as they are submitted. Might find some good discovery and pleadings… A $40 million lawsuit has been filed by Sarasota County against Wells Fargo Bank, N.A. alleging improper investment advice with regard to the county’s securities lending portfolio … Read more

Strategic Default – The Banksters Keep Stealing – Why Keep Paying?

Couldn’t of said any of this better myself… I think we all need to start educating Dylan on all of the FACTS that we are seeing in the bowels of our court systems… He is pretty passionate on the issues… If he only knew the level of FRAUD that we are seeing… Think he would … Read more

Subprime Standardization: How Rating Agencies Allow Predatory Lending to Flourish in the Secondary Mortgage Market

Abstract: Predatory lending, the origination of loans with abusive terms to homeowners, is rampant in the subprime mortgage market. In the last few years, many states responded to this problem by enacting consumer protection laws. Large segments of the lending industry have opposed these laws. In large part because of these complaints, momentum is building … Read more