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The Reporter Who Saw it Coming

Posted on May 8, 2012 by Neil Garfield

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Filed under: foreclosure | Tagged: Ameriquest, bond market, borrower, Center for Public Integrity, CitiFinancial, Citigroup, countrywide, Dean Starkman, derivatives, disclosure, doctoring documents, Federal Trade Commission, financial alchemy, Ford Motor Company, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, forgery, General Electric, global crisis, global financial meltdown, Household Finance, housing market, housing prices, investors, Lender Liability, Mike Hudson, mortgage backed securities, mortgage meltdown, Ponzi scheme, predatory lending, Rich Lord, rogue lenders, securitization, subprime mortgage, systematic fraud, trustee | 32 Comments »

Hiding Behind Advice of Counsel No Better Than Ratings

Posted on May 4, 2012 by Neil Garfield

Filed under: foreclosure | Tagged: accounting watchdog, Attorney Misconduct, Bank of America, Bar Association, behavior of lawyers, BOA, CFTC, Claudius Modesti, Commodity Futures Trading Commission, David Tamman, discipline lawyers, disclosure, document trail, fabrication, financial crisis, Fitch, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, forgery, GlaxoSmithKline PLC, home and commercial mortgages, Hughes Hubbard & Reed LLP, investment banks, Jeffrey Hoffman, John Wood, Justice Department, Kenneth Lench, Lauren Stevens, Lender Liability, Moody's, Mortgage, mortgage-bond deals, mortgages, Nixon Peabody LLP, predatory lending, professional misconduct, Public Company Accounting Oversight Board, regulate lawyers, Reid Weingarten, Robert Khuzami, S&P, Sarbanes-Oxley Act, SEC, Securities and Exchange Commission, securitization procedure, securitization structure, Stanley Stone, Steven Altman, U.S. Attorney for the Western District of Missouri, U.S. District Judge Roger Titus, US BANK, Wells Fargo | 46 Comments »

Breakthrough Whistleblowers for Sale?

Posted on May 4, 2012 by Neil Garfield

Filed under: foreclosure | Tagged: bankruptcy, bankruptcy remote, closing documents, disclosure, Executive departures at Fannie, foreclosure, foreclosure defense, foreclosure offense, foreclosures, Freddie and Investment Banks, GSE, investment banking, investor pools, investors, Lender Liability, lending pools, predatory lending, whistle blowers | 15 Comments »

People Have Answers, Will Anyone Listen?

Posted on May 3, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: Thanks to Home Preservation Network for alerting us to John Griffith’s Statement before the Congressional Progressive Caucus U.S. House of Representatives. See his statement below. People who know the systemic flaws caused by Wall Street are getting [...]

Filed under: foreclosure, Investor, CDO, Eviction, CORRUPTION, securities fraud, currency, Mortgage, GTC | Honor, bubble | Tagged: fraud, bailout, foreclosures, foreclosure, investors, Eviction, mortgage meltdown, Federal reserve, bankruptcy, housing prices, foreclosure defense, settlement, Lender Liability, borrower, disclosure, trustee, Fannie MAe, Freddie Mac, RESPA, securitization, predatory lending, rescission, foreclosure offense, TILA audit, FORECLOSURE SETTLEMENT, MERS, appraisal fraud, LOAN MODIFICATION, HAMP, foreclosure crisis, mortgages, principal reduction, forgery, housing market, strategic default, FHFA, Robo-Signing, foreclosure fraud, auction fraud, John Griffith, Martin Andelman, Center for American Progress Action Fund, Congressional Progressive Caucus U.S. House of Representatives, Preventing more foreclosures, Grijalva, housing policy, Jordan Eizenga | 42 Comments »

Lawyers Take Note: Wells Fargo Slammed With $3.1 Million Punitive Damages on One Wrongful Foreclosure

Posted on April 12, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 GARFIELD PROPOSES NATIONAL LAW FIRM FOR COUNTER-ATTACK Editor’s Comment: The most perplexing part of this mortgage mess has been the unwillingness of the legal community to take on the Banks. Besides the intimidation factor the primary source of resistance has [...]

Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: appraisal fraud, bailout, bank error, bankruptcy, borrower, disclosure, Eviction, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, forgery, fraud, housing market, investors, Lender Liability, loan servicer, Louisiana, mortgages, predatory lending, settlement, The Center for Public Integrity, Wells Fargo | 149 Comments »

How Wall Street Perverted the 4 Cs of Mortgage Underwriting

Posted on April 10, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: For thousands of years since the dawn of money credit has been an integral part of the equation. Anytime a person, company or institution takes your money or valuables in exchange for a promise that it will return [...]

Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: fraud, bailout, credit, foreclosures, foreclosure, investors, Mortgage, mortgage meltdown, Federal reserve, credit union, foreclosure defense, settlement, Lender Liability, borrower, disclosure, cash, RESPA, securitization, predatory lending, foreclosure offense, FDIC, FORECLOSURE SETTLEMENT, appraisal fraud, mortgages, credit-default swap, forgery, housing market, MEGABANKS, collateral, mortgage fruad, loan underwriting, capacity, Merendon Mining, community bank | 10 Comments »

Student Loans Are The Next Major Crack in Our Finance

Posted on April 9, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Disclosure to Student Borrowers: www.nytimes.com/2012/04/08/opinion/sunday/disclosure-to-student-borrowers.html?_r=1&ref=todayspaper Editor’s Comment: “We have created a world of finance in which it is more lucrative to lose money and get paid by the government, than to make money and contribute to society. In the Soviet Union [...]

Filed under: bubble, CDO, CORRUPTION, currency, education, Eviction, foreclosure, GTC | Honor, interest rates, Investor, Mortgage, securities fraud, Student Loans | Tagged: American Banker, appraisal fraud, bailout, bankruptcy, borrower, congress, disclosure, Federal reserve, foreclosure, fraud, government guaranteed loans, housing market, investors, Jamie Dimon, predatory lending, private student loan, securitization, securitized student loan debt, securitized student loans, student debt, student loans, taxpayer | 29 Comments »

Oregon AG Files Amicus Brief on MERS: Will it Matter?

Posted on April 2, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT CUSTOMER SERVICE 520-405-1688 Editor’s Comment: There seems to be virtually universal agreement that MERS was a bad thing — but still a good idea for the banks that profited from the fake securitzation scheme that hid behind the MERS curtain. The same agreement [...]

Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: Amicus Curae, attorney general, borrower, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, MERS, Mortgage, predatory lending | 19 Comments »

LPS: So We Fabricated and Forged Documents… So what? Here’s what!!

Posted on February 1, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT IT’S ALL ABOUT THE MONEY, STUPID! Editor’s Analysis: This is the moment I have been waiting for. After years of saying the documents were real, they admit, in the face of a mountain of irrefutable evidence, that the documents were not real, but [...]

Filed under: foreclosure, Investor, CDO, Eviction, CORRUPTION, securities fraud, currency, Mortgage, GTC | Honor, bubble | Tagged: bankruptcy, borrower, countrywide, disclosure, Florida, foreclosure, foreclosure defense, foreclosure fraud, foreclosure offense, foreclosures, fraud, global settlement, LOAN MODIFICATION, LPS, modification, Nevada, New Hampshire, Pam Bondi, quiet title, rescission, RESPA, Robo-Signing, securitization, state AG investigation, TILA audit, trustee, WEISBAND | 30 Comments »

Deutsch Bank Inquiry Reveals Insider Influence by Paulson

Posted on February 1, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Editor’s Comment: At the end of the day, everyone knows everything. The billions that Paulson made are directly attributable to his ability to instruct Deutsch and others as to what should be put into the Credit Default Swaps and other hedge products that [...]

Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: fraud, foreclosures, foreclosure, Paulson, debt, modification, bankruptcy, foreclosure defense, borrower, disclosure, countrywide, trustee, RESPA, securitization, rescission, quiet title, foreclosure offense, creditor, TILA audit, LOAN MODIFICATION, accounting, swap, WEISBAND, Deutsch | 64 Comments »

Reuters: Ex-Credit Suisse Manager Pleads Guilty in Subprime Bond Probe

Posted on February 1, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Editor’s Comment: So SOMEONE is going to jail for up to five years. But the meat of this lies between the lines. First, it was a conspiracy charge. You can’t run a PONZI scheme the size of the Madoff scheme without channels that [...]

Nevada AG Asks Pointed Questions to DOJ and HUD

Posted on January 31, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT See Full Letter from Masto to DOJ and HUD Here 1-27-12 Hawaii did it, Nevada did it and now other states are doing it. Seeing the devastating effect on the state economy and the ensuing effects on the nation’s economy and the world [...]

Filed under: foreclosure, Investor, CDO, Eviction, CORRUPTION, securities fraud, currency, Mortgage, GTC | Honor, bubble | Tagged: bankruptcy, borrower, Catherine Cortez Masto, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, Gregory M Smith, LOAN MODIFICATION, modification, Nevada, Nevada AG, quiet title, rescission, RESPA, securitization, SHAUN DONOVAN, Thomas Perelli, TILA audit, trustee, WEISBAND | 30 Comments »

Fannie and Freddie Preventing Modifications and Betting Against Modifications at the Same Time

Posted on January 31, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Freddie Mac, Deutsche Bank Caught Up In Securities Allegations By: David Dayen See Full Article on FIredoglake.com One reason why I don’t think we should particularly accept a six-month timeline on significant action from the RMBS working group is that there’s so much already in [...]

Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: bankruptcy, borrower, countrywide, disclosure, Fannie, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, Freddie, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, Schnediedrman, securitization, TILA audit, trustee, WEISBAND | 18 Comments »

Using UDCPA Fair Debt Collection Acts to get Money, Information and Fees

Posted on January 31, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT RIPE AREA FOR STEADY INCOME FOR LAWYERS REPRESENTING HOMEOWNERS Editor’s Comment: One small step for a man, one giant leap for mankind. You have both a private right of action against the debt collector and the right to apply to the FTC to [...]

Filed under: foreclosure, Investor, CDO, Eviction, CORRUPTION, securities fraud, currency, Mortgage, GTC | Honor, bubble | Tagged: fraud, foreclosures, foreclosure, modification, bankruptcy, foreclosure defense, TILA, borrower, disclosure, countrywide, trustee, RESPA, securitization, rescission, quiet title, foreclosure offense, TILA audit, lawsuits, LOAN MODIFICATION, qualified written request, forensic analysis, WEISBAND, UDCPA, RESPA 6, administrative hearing, elite litiation management, four legs of the stool, 4 legs of the stool, loan leval accounting, COMBO TITLE AND SECURITIZATION REPORT, LAWYERS INCOME | 20 Comments »

Are the Prosecutions Real or Just PR for an Election Year?

Posted on January 31, 2012 by Neil Garfield

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT Private Litigants Still Doing the Heavy Lifting that Government Should be Doing SEE FULL ARTICLE IN NEW YORK TIMES By GRETCHEN MORGENSON PRESIDENT OBAMA told the nation last week that he was convening a task force to investigate the abusive practices in the [...]