LIKE HAMP MODIFICATIONS, AG DEAL IS WINDOW DRESSING

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ “The banks’ strategy is to run the clock,” a Georgetown University law professor, Adam Levitin, said. “The chances of a settlement that meaningfully reforms mortgage servicing and makes the banks pay an appropriate price for illegal conduct are rapidly [...]

BANKS USING FED AS THEIR PET PUPPET WHILE AMERICA SICKENS DAILY

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO TITLE AND SECURITIZATION REPORT AT www.LUMINAQ.com WHY? BECAUSE THEY WANT A FREE HOUSE — THE BANKS, THAT IS — NOT THE BORROWERS ADMINISTRATION FAILS TO ENFORCE FAILING MODIFICATION PROGRAM: WHOSE COUNTRY IS THIS ANYWAY? Barofsky: HOW TARP FAILED HOMEOWNERS EDITOR’S COMMENT: The Federal Reserve is a hazy system whose ownership [...]

Borrower is actually entering into an undisclosed investment contract, not a loan

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM GET COMBO SECURITIZATION AND TITLE REPORT AND ANALYSIS AT WWW.LUMINAQ.COM EDITOR’S NOTE: I’m not sure who the actual author of this piece is, but it is very good in many places. Probably John Korman. The point, as we have stated here before, is that there were no loans because [...]

WHY? BECAUSE THEY WANT A FREE HOUSE — THE BANKS, THAT IS — NOT THE BORROWERS

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S RANT: They turned the financial world upside down, taking our society with it. So it should come as no surprise that they would accuse homeowners of trying to get what the banks have been doing now for over three years — GETTING A FREE HOUSE. They never funded [...]

ADMINISTRATION FAILS TO ENFORCE FAILING MODIFICATION PROGRAM: WHOSE COUNTRY IS THIS ANYWAY?

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: The government maintains its complicity in the securitization scam. The mortgage bonds were fake instruments that created non-existent pools containing non-existent assets. The investment banks took the money, pocketed a large portion of it as fees and used the rest to fund mortgages that couldn’t work, but [...]

Barofsky: HOW TARP FAILED HOMEOWNERS

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “The act’s emphasis on preserving homeownership was particularly vital to passage. Congress was told that TARP would be used to purchase up to $700 billion of mortgages, and, to obtain the necessary votes, Treasury promised that it would modify those mortgages to assist struggling homeowners. Indeed, the act expressly [...]

HOUSING PRICES CONTINUE GLOOM

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: That housing prices are continuing to fall is no surprise to anyone other than the “economists” who are mouthpieces for Wall Street and the government puppets that spout the spin — misdirecting attention from the fact that securitization of debt has been a giant illusion and that [...]

UK Plea for Help: How the Bank of Scotland obtained a fraudulent 2nd charge on our family home (and scores like us)

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: This is the first in a series of articles that will be published concerning illegal bank activities in the United Kingdom. It would appear that the Judges are just as confused, if not more so, than they are here in the United States. I have interviewed a [...]

Minnesota Prepares to Sue A Debt Collection Agency: Robosigning

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM “The Minnesota attorney general, Lori Swanson, accused Encore of fraud, saying it had filed false affidavits to collect consumer debt that was not owed or had been already paid off.” HUGE POTENTIAL EFFECT ON FORECLOSURES EDITOR’S COMMENT: The significance here is not just that robo-signing was used, which violates [...]

FDIC Proposal? Pay Borrowers $20,000 To Walk Away

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: At this point I have absolutely no corroboration of this story. Normally I would not print it for that reason. BUT I am starting to get scattered reports of some very similar settlement structures involving as much as $50,000 for the homeowner to step away. I did [...]

Cook County Judge vacates 1,700 actions after law firm admits affidavits were changed

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITORIAL COMMENT: Just how many times do judges need to point out that the foreclosures are fraudulent? How many times do we need to see that the fraud in foreclosures might just be reflection of the fact that loans, notes and mortgages were fraudulent as well. The documents on [...]

POLITICANS RUSH TO CASTRATE FINANCIAL REFORM

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM The fact that Wall Street is so intent on doing this can only indicate one thing: they intend to do it again. Wake up America! SEE VIDEO ELIZABETH WARREN ON GOALS FOR FINANCIAL CONSUMER PROTECTION Note: One of the things that Warren brings out in the video is that [...]

ATTACK ON WORKERS WILL KEEP HOUSING IN A DOWNWARD SPIRAL

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITORIAL COMMENT: Maybe it works politically to get elected, but this attack on workers looks like scape-goating to me, and a pretty effective attempt to distract from reality with the myth that workers, homeowners and pensioners caused the historic financial mess that was in fact created, promoted and allowed [...]

Unemployment Continues Downward Drag on Housing — And it was Housing that Caused the recession

How Unemployment Is Dragging Down The Housing Market The Huffington Post Lila Shapiro  First Posted: 03/25/11 02:35 PM Updated: 03/25/11 02:35 PM Although the United States population has grown by 120 million people in the past fifty-odd years, today’s new homes are selling at just half the pace they were in 1963. Home sales are being [...]

Bank Of America Will Help Demolish Detroit’s Abandoned Homes

  The Huffington Post Maxwell Strachan Bank of America, the country’s largest bank by assets, has announced an initiative to demolish one hundred abandoned Detroit homes currently under the bank’s ownership, a task that CEO Brian T. Moynihan says will “help ‘right-size’ the city,” according to the Detroit Free Press. The bank, which estimates the [...]

WALL STREET PROFITS ZOOM AS NON-FINANCIAL SECTOR CONTINUES TO FALL

Bank Profits, BMO Capital Markets, Bureau Of Economic Analysis, Capital Economics, Corporate Profits, Cost Cutting, Employment, Financial Firms, Gdp, Hiring, IHS Global Insight, Increased Labour Costs, Labor Department, Layoffs, Loma Nazarene University, Lynn Reaser, Nariman Behravesh, Paul Ashworth, Sal Guatieri, Unemployment, Unemployment Benefits, Business News NEW YORK — Despite high unemployment and a largely languishing [...]

Reuters: Central Banks Worldwide: Past, Present And An Uncertain Future

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: The farce of preserving the huge plume of vapor that was created by Wall Street is starting to come home to roost. Central Bankers, are in conflict and politicians are using their influence on what is now a highly politicized sector that SHOULD have been regulating and [...]

Fraudulent Threats – By Foreclosure Lawyers

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S COMMENT: About the only thing the lawyers have left is intimidation and trickery. Don’t believe a word you are told by the pretender lender or the lawyer for the pretender lender. It is all a game to them. The goal is for them to get your house for [...]

WISCONSIN APPEALS CT: AURORA IS NOT OWNER OF NOTE — TRIAL COURT REVERSED

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM EDITOR’S NOTE: WISCONSIN COURT GETS IT: HEARSAY, PROOF, HOLDER NOT THE SAME AS CREDITOR, ETC. AFFIDAVIT THROWN OUT FOR LACK OF PERSONAL KNOWLEDGE. In short everything we have been saying here was followed by the Court. Expect more decisions like this coming from other states. In other words, false [...]

MERS Tells Servicers to Stop Foreclosing in Their Name

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM MERS Tells Servicers to Stop Foreclosing in Their Name By: David Dayen Thursday February 17, 2011 7:04 am Since MERS is owned by the big banks, this has the effect of MERS telling itself to stop existing. But it’s quite significant. In a memo to its members (the member [...]