Comments on: Robosigners and Other Servicing Failures: Protecting the Rights of RMBS Investors

By: LemonMeister

LemonMeister — Tue, 02 Nov 2010 07:44:43 +0000

Ron Burkle Sucks everything he touches turns to dodo. Just Google Ron Burkle Sucks. http://www.akbhomesucks.com this is the product Ron Burkle, Stephen F. Bollenbach, Bruce Karatz, Wendy Marlett, Wendy C. Shiba, Kelly Masuda, Timothy Finchem, Robert L. Johnson, Luis G. Nogales, Timothy W. Finchem, Jeffrey T. Mezger, Kenneth M. Jastrow II, Melissa Lora, Michael G. McCaffery, Leslie Moonves, Glen Barnard, William R. Hollinger, Thomas Norton and John Staines all built as the KB Home Board of Directors. They are posing to ruin more companies and lives. All of them ignore your customer complaints and violate KB Homes 1979 FTC Consent order. The order states KB Must BUY BACK YOUR HOME if your not 100% satisfied. The problem is no one in the Government is making KB Home accountable? Why should you pay taxes if the system is broken.

LemonMeister

By: RAMONA

RAMONA — Thu, 28 Oct 2010 21:57:22 +0000

how can we ever trust any of these large institutions again? If I was everyone i would remove my money from those “TOO BIG TO FAIL ” BANKS., and dare the goverment to catch them when they fall.

By: Richard G. Chosid

Richard G. Chosid — Thu, 28 Oct 2010 19:36:37 +0000

Why can’t we merely recast ALL mortgage loans with persons capable of making the payment to current value at current interest (less than 5%) for 30 years, with required novations or whatever may be reasonable and necessary to eliminate ALL of the existing defects of which Robo-signing is merely the tip of the iceberg?

That would eliminate a vast majority of the foreclosures, keeping residents in their homes, and make a giant step toward stabilizing the major aspect of the economy which is required for us to get moving in the right direction.

By: MisterKeitel

MisterKeitel — Thu, 28 Oct 2010 17:24:20 +0000

First off, I LOVE the new word Fauxclosure. I intend to start using it on all my Facebook posts. Second, as I understand it, the banks are getting it from both ends. At the low end there are the individual home owners (or mortage holders) who are starting to fight the phony foreclosures in court. Of course, these are mostly poweless people who cannot afford a lawyer or an extended legal battle. The courts are not really interested in the rights of Little People like you and me. And, the fedgov and the state govs have been slows as mollassis about stepping in and trying to protect the rights of the little guy. Not when big banks have such full treasure chests full of money (our money) to hand out to lobbyists.

On the high end there are all these super-high-powered investor who are getting mighty itchy wondering if they will get a return on their investments or ever see that money again. they on the other hand, can afford lawyers and are considering right now if it’s a good idea to go to legal war with the banks. I guess these conferences are designed to try and stall the investors.

It makes me very mad that the rights of the little guy mean very little. In a way, I want the whole corrupt system to come tumbling down just to see the big shots fall and all their money and horded gold suddenly become worthless. Of course, such a Brave New World might be even worse.