CASE SHILLER INDEX: HOUSING PRICES LOWEST SINCE THE CRASH

MOST POPULAR ARTICLES CLICK HERE TO GET COMBO TITLE AND SECURITIZATION REPORT EDITOR’S NOTE: Despite realtors and banks putting out disinformation about the housing market improving, the facts show otherwise. Housing prices, housing demand are falling under the sheer weight of supply and joblessness. What will 2012 bring? More of the same unless the courts [...]

FANNIE AND FREDDIE CONTINUE TO BLOCK THE ONLY WORKABLE HOUSING SOLUTION

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE PRINCIPAL CORRECTION IS THE ONLY WAY OUT FOR BOTH INVESTORS AND HOMEOWNERS EDITOR’S NOTE: First let me remind you that this is not a reduction in principal, it is a correction — because the original figures were wrong and everyone but the borrower [...]

WHY MODIFICATIONS ARE NOT WORKING: INVESTORS KEPT IN THE DARK

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE INVESTORS ARE KEPT OUT OF THE LOOP There is an underlying theme in the main stream media as to why modifications are not working. They cite the fact that so many of the modifications end up in defaults anyway, as though it was [...]

HAMP: Treasury Department Penalizes Bank of America, JPMorgan Chase and Wells Fargo on Sham Modifications

MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR’S NOTE: It is this simple: Nobody wants modifications except homeowners. Everyone else profits from pretending to have a mortgage modification process and then foreclosing. It is the biggest land grab in history. Big Banks Penalized for Performance in Mortgage Modification Program By [...]

Yves Smith: Obama Pressing for a “Shock and Awe” Mortgage Mod Program, 3 Million in 6 Months

SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM THEY STILL DON’T GET IT EDITOR’S ANALYSIS: The plan is from Wall Street, the facts are fictional, and the result will be negligible. I commend Obama for getting more aggressive but his advisers are still not giving him the right information. If he had it, I believe he would [...]

RULE BY BANKS INSTEAD OF RULE OF LAW: WHERE IS THE U.S.A.?

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: We must face the fact that neither the media nor the regulators are going to admit our true status. Reporters blithely refer to a $600 trillion CFTC “industry” that in fact is so full of vapor it probably doesn’t amount to more than [...]

WELLS WHISTLEBLOWER REVEALS BLACK HOLE FOR DOCUMENTS AND PROCEDURES

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary EDITOR’S COMMENT: LIVINGLIES HAS INDEPENDENTLY VERIFIED EVERY STATEMENT OF THIS WHISTLE-BLOWER. IT OPENS THE DOOR TO A WHISTLE-BLOWER LAWSUIT, A QUI TAM ACTION IN WHICH THE RELATER OR WHISTLE-BLOWER CAN RECEIVE HUNDREDS OF MILLIONS OF DOLLARS AS WILL THE LAWYERS. I’m sure that some smart [...]

IS HAMP A TRAP?

by Wes Barnard HAMP to me is a trap. The banks actually cannot prove that you owe them anything since they have lost the documents and are now busy forging new ones. HAMP is just another refinance gimmick to establish once again that you owe the banks mortgage payments. If you push the banks for [...]

BANK OF AMERICA SUED BY GODDARD (AZ) AND MASTO (NV) FOR BANK FRAUD AGAINST CONSUMERS

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL YOU CAN’T PICK UP ONE END OF THE STICK WITHOUT PICKING UP THE OTHER MORE MODIFICATIONS MEANS HIGHER LIABILITY TO INVESTORS The Arizona case is Arizona v Bank of America, CV2010- 33580, Maricopa County Superior Court (Phoenix). The Nevada case is Nevada v. Bank [...]

“Mere” Technicalities? OR Gross Malfeasance

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary “… maybe the crisis will make the banks realize that they ought to be doing fewer foreclosures and more loan modifications — sensible adjustments that allow deserving families to stay in their homes. And if this happens, we’ll have the lawyers to thank. “These may [...]

MEDIATIONS, MODIFICATIONS, SHORT-SALES AND SETTLEMENTS

SERVICES YOU NEED AUTHORITY AND AGENCY In “Fair Game” Gretchen Morgenson continues to unravel the failing process of “saving homes” while the world ignores the simple truth that legally the homes are in no jeopardy but for the pranks and illusions created by the pretender lenders. There is no valid foreclosure, auction, mediation, modification, short-sale, [...]

Ratings Arbitrage a/k/a Fraud

Investment banks bundled mortgage loans into securities and then often rebundled those securities one or two more times. Those securities were given high ratings and sold to investors, who have since lost billions of dollars on them. Editor’s Note: The significance of this report cannot be overstated. Not only did the investment bankers LOOK for [...]

More Bank failures, More Foreclosures, More Homes Under Water

Editor’s Note: Home sales will continue to drop, home prices will continue to drop, banks will continue to fail until principal reduction is recognized as the reality of the situation. More than 11 million homeowners are reportedly under water. The real number is closer to 20 million. see Modifications Pushing More Homes Underwater. Our economy cannot [...]

Taxing Wall Street Down to Size: Litigation Guidelines

The mistake I detect from those who are not faring well in court is the attempt to treat preliminary motions and hearings as opportunities to prove your entire case. Don’t talk about conspiracy and theft, talk about evidence and discovery. every debtor is entitled to know the identity of the creditor, the full accounting for [...]

New Modifications Especially Prone to Re-Default

August 10, 2009 Editorial $75 Billion Carrot, but Few Nibbles In March, the Obama administration began an antiforeclosure effort that offers lenders up to $75 billion in incentives to modify troubled mortgages. If that sounds like a lot of money, it is. But so far, it has not been enough to persuade the mortgage industry [...]

Finally — MY Times Gets it — editorial Aligns with Sheila Baer at FDIC

Nearly three weeks ago, Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation, told Congress that the agency was working closely with Mr. Paulson’s department to develop a robust anti-foreclosure plan. Since then, the Treasury Department has balked and equivocated while the White House has argued that it is already doing plenty to help [...]

Mortgage Short Sales and Modifications: Make certain you get a new title insurance policy without exceptions for the securitization process or you could be facing the same situation with a different party — the one who REALLY owns your note and mortgage

So the only way you can protect yourself in a short sale or modification is to either deal with the real parties in interest, or to get indemnification from the party offering to accept the short sale or modification AND a new title policy that does not state exceptions to the securitization process. In order [...]