Bank and Investment Bank News

  1. world-savings-knew-it-was-acting-illegally-and-committing-fraud

  2. Unofficial troubled Bank List as of 6-30-08 —- Hundreds more unreported

  3. closed-utahs-magnetbank-floridas-ocala-national-bank-marylands-suburban-federal-savings-bank-6-so-far-in-2009
  4. why-wall-street-always-blows-it-and-where-the-money-went

  5. indymac-op-federal-banking-regulator-allowed-the-bank-to-backdate-a-capital-infusion-and-gloss-over-its-deepening-problems-the-treasury-department%e2%80%99s-independent-investigator-said-monday

  6. citigroup-et-al-bailouts-present-additional-defenses-againsts-collection-of-virtually-any-debt

  7. judge-shack-strikes-again-at-the-heart-of-deutsch-bank

  8. unnamed-defendants-in-mortgage-meltdown-accountants-for-banks-and-investment-bankers

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  1. Moody\’s Assigned High Ratings To Bonds Backed by Mortgage That Were Designed to Fail
  2. countrywide
  3. deutsch-bank
  4. superb-complaint-piercing-the-heart-of-deutsch-bank%E2%80%99s-authority-to-collect-money-file-suit-seeking-recovery-of-property-and-money-through-receiver-and-damages-against-the-lawyers-who-filed-t
  5. argent-mortgage-fraud-on-everyone-surprised-these-are-just-a-couple-of-10000-convincted-felons-licensed-as-mortgage-brokers-in-florida
  6. fed-action-on-student-loans-auto-loans-consumer-loans-and-small-business-loans
  7. Indymac
  8. countrywide-sued-by-fund-over-84-billion-loan-deal
  9. lehman-brothers-aurora-bnc-first-alliance
  10. tide-is-turning-unlawful-detainer-action-turns-into-battle-over-wrongful-foreclosure

13 Responses

  1. DISCOVERY CAN PROCEED! CLASS ACTION ON PMI -2013

  2. FEB 2013 REPORT ON THE NATIONAL MORTGAGE SETTLEMENT
    19 BILLION ON SHORT SALES!!

  3. BREAKING NEWS JAN 14 2013…OCC PLACES CEASE AND DESIST ORDERS ON JPMORGAN CHASE, N.A.

    HERE IT IS:

  4. NEW CENTURY MORTGAGE AND HOME 123 CORP VICTIMS===
    BREAKING NEWS===THE IRS IS GIVING BACK $131 MILLION DOLLARS TO THE NEW CENTURY BANKRUPTCY. THIS STATED IN HEARING ON AUGUST 14 2012.

    IF YOU HAVE NOT DONE SO, CONSULT AN ATTORNEY TO INQUIRE ABOUT A BANKRUPTCY CLAIM OR ADVERSARY PROCEEDING AGAINST THEM.

  5. LETTER TO JUDGE BRANSTEN–COUNTRYWIDE COUNSEL BULLED EMPLOYEE WHISTLEBLOWER AND OTHER MISDEEDS RELATED TO DISCOVERY!!

  6. A FASCINATING READ ON INSIDE PROCESSING OF COLLATERAL OF COUNTRYWIDE-BAC IN THE DEPOSITION OF MICHELE SJOLANDER WHO GAVE A POWER OF ATTORNEY TO HAVE OTHERS ENDORSE THE PROMISSORY NOTES. SHE DOES NOT KNOW WHO THEY ARE.

  7. AG SETTLEMENT COMPLAINT FILED IN FEDERAL COURT AND CHASE AND BOA PROPOSED CONSENT JUDGMENTS

  8. This is a real who-done-it!! Did Goldman Sachs subvert…….

  9. HOT BIG CLASS ACTION AGAINST CHASE–FOR ALLEGED BANKRUPTCY FRAUD, FABRICATION, PHOTOSHOPPING ETC. AND ENTERED AS EVIDENCE INTO BKR COURT

  10. WHAT TO LOOK FOR IN SECURITIZATION REGULATION IN 2011

  11. i was surfing the internet and came across this they all think we are crazy??????????

    A Letter from the Conference Chair
    Dear Servicing Industry Professional,

    2011 is going to be a key year in deciding which way servicing is going.

    The foreclosure boom continues apace—1.3 million in 2010, up from 1.1 million in 2009, and the number is expected to go up again this year. Government rescue programs are struggling to keep pace. And the “robo-signing” scandal has made consumers equate servicers with the subprime mortgage lenders who started the housing collapse in 2008. What a mess!

    How many homeowners will end up being foreclosed on? No one knows for sure, but the number will be incredibly high. One estimate is for 11 million foreclosures on the 58 million U.S. homes with mortgages on them. That’s way too high.

    Meantime servicers are trying to cope with the flood of overdue payments any way they can—through loan modifications, short sales, REO sales, even door knockers. And servicing vendors have come up with dozens of applications to help them in this gargantuan effort.

    How long will all this continue? How long until a more normal market returns? These will be some of the key questions answered by participants in SourceMedia’s Fifth Annual Mortgage Servicing Conference, to be held again in the servicing capital of the world, Dallas. Key industry executives, panels and workshops will address this most difficult market, while vendors in the exhibit hall display the latest tools of the trade.

    I hope you will join me at the Westin Galleria on April 5-7 for what promises to be our most exciting servicing show yet!

    Sincerely,

    Mark Fogarty
    Conference Chair
    Editor, Mortgage Servicing News

  12. From: john@showmetheloan.net
    Sent: 11/11/2010 11:16:35 P.M. Central Standard Time
    Subj: VERY VERY IMPORTANT// from the desk of John Stuart

    This just in:
    I attended a weekly meeting of legal researchers in AZ, I have not attended in a while. They have started meeting at our workshop, every Thursday 7pm to 9pm. The Legal Research Society,, http://www.legalresearchsociety.org (I think)

    Terry, the group leader and old friend brought up a concept, I will tell you what happened, how I think we should use, and then why I think it might work.

    1. Terry had a friend being sued by a credit card company. The friend, just for the hell of it, asked the cc company for the CUSIP number for the APPLICATION. The banks dismissed the case and has not come back. So Terry, after going thru RFAs and interroitories to no avail, decided to try it. On his next document he asked the bank for the CUSIP number for the APLLICATION. They have since disappeared.

    2. I think we should ask the banks for CURRENT COMPLETE copies of the ORIGINAL APPLICATION:
    Inclusive of: legible copy of the stamping that states:
    PAY TO THE ORDER…..WITHOUT RECOURSE and the CUSIP number for the APPLICATION.

    This applies whether it is a mortgage or a deed of trust.

    3. Why I think this may work:
    a. Notes are converted to bonds all the time, that is what CUSIP numbers are for. You can buy a bond with any note or instrument. Promissory note, Federal Reserve Note, any note can be used to buy a bond.
    b. Applications are NOT instruments and CANNOT be converted to instruments.
    c. If the bank obtained a CUSIP number for an application that means they illegally converted an application to an instrument to purchase a bond that they then used to obtain a loan from the government to pass thru money to convert real property.

    If they really do get CUSIP numbers for applications the whole game is over with. No case, no foreclosure, no payments, no contest of ownership. Its done.

    Thinking about it makes my head spin because of the simplicity. If that is what they have to do to get the loan from the feds so they don’t risk their own money everything makes sense. That would be why they can claim there is a loan and we are in on it, its our application. Then really, the ONLY law broken was that of unlawfully converting an application to an instrument. Which would then cause the instrument to be invalid, the bond invalid, the loan have to be repaid by the bank IF they foreclose, but NOT if they don’t and just drop the case. That’s one hell of a barganing chip.

    Could it be this simple? Its possible. It sure would answer the question why are the judges ruling against Notes and accepting the other documents as evidence of the deal.

    I do not know if this will work. The idea is less than two hours old. But I think everyone should start trying to figure it out. If no one comes up with a good argument I think we should go for it.

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