Supporting, Informing & Connecting People in Foreclosure
Massive Insider Trading Investigation Could Nail Wall Street's Biggest Names
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The government is reportedly close to filing charges in the…
ContinueAdded by Capt. Jack on November 22, 2010 at 2:42pm — 1 Comment
Added by Capt. Jack on November 22, 2010 at 2:00pm — No Comments
Request for comments...
Added by Capt. Jack on November 21, 2010 at 2:02pm — No Comments
Rep. Brad Miller: “Protecting bank solvency has been a goal of Treasury that I do not share”
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One of the more amusing moments of yesterday’s House Financial Services Committee hearings on foreclosure fraud was when the representatives for the loan servicers were asked why they were subsidiaries of the large…
ContinueAdded by Capt. Jack on November 21, 2010 at 11:24am — No Comments
Trying to Put a Price on Bank Errors
Gretchen Morgenson, New York Times
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KUDOS to the Congressional Oversight Panel for publishing a thoughtful and thorough report last week on the mortgage documentation mess. It argued that, yes, in fact, these paperwork problems may have significant…
ContinueAdded by Capt. Jack on November 21, 2010 at 9:42am — No Comments
Body Found By New Owner On Thursday
Foreclosure Docs Questioned After Body's Discovery
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CAPE CANAVERAL, Fla. -- Authorities have not yet been able to positively identify a body that was found in a foreclosed Brevard County townhome, but the remains are believed to be that of the owner, Kathryn Norris.
Court records paint a muddy picture of a foreclosure case…
ContinueAdded by Capt. Jack on November 21, 2010 at 9:17am — No Comments
Added by Capt. Jack on November 20, 2010 at 2:33pm — 2 Comments
Breaking: Former Gov. Ventura Will No Longer Fly Due to Abuse He’s Endured at Hands of TSA
Local law enforcement is now at airports watching Federal law enforcement "screen" airline passengers. Hmmm....local vs. federal law enforcement?
Shouldn't the feds being wearing black uniforms adorned with intimidating…
ContinueAdded by Capt. Jack on November 20, 2010 at 11:16am — 1 Comment
Senate Foreclosure Hearing: “Robo-signing an Affront to State Courts”
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Yesterday the Senate Banking Committee held a hearing looking into the foreclosure mess. I really expected that it was going to be a bunch of political grandstanding, a la the Goldman Sachs hearing a while back. I was pleasantly surprised…
ContinueAdded by Capt. Jack on November 20, 2010 at 10:10am — No Comments
Panel Members Contact Info. Follow the link below
Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing
Pound them hard with serious questions! We only have a few weeks.
Added by Capt. Jack on November 18, 2010 at 12:25pm — No Comments
More Evidence That Mortgage Loans Were Not Properly Conveyed to Securitization Trusts
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We’ve described in various posts how evidence is growing that the participants in mortgage securitizations sometime early in this century appear to have ignored the requirements of a variety of laws and their own…
ContinueAdded by Capt. Jack on November 15, 2010 at 7:17pm — 1 Comment
Arsonists requesting more…
ContinueAdded by Capt. Jack on November 13, 2010 at 10:18am — 1 Comment
U.C.C. § 3-604. DISCHARGE BY CANCELLATION OR RENUNCIATION.
* (a) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (i) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation, or cancellation of the instrument, cancellation or striking out of the party's signature, or the…
ContinueAdded by Capt. Jack on November 10, 2010 at 4:38pm — 1 Comment
The Mortgage Fraud Scandal Is The Biggest In Human History
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We have long known that lender fraud was rampant during the real estate boom. The FBI began warning of an “epidemic” of mortgage fraud as early as 2004. We know that mortgage originators invented “low doc” and “no doc” loans, encouraged borrowers to take out “liar loans”, and promoted “NINJA loans” (no income, no job, no…
ContinueAdded by Capt. Jack on November 10, 2010 at 3:34pm — No Comments
What effect would this have on a situation where a trust forces a bank to "buy back" an obligation I wonder.
§ 3-203. TRANSFER OF INSTRUMENT; RIGHTS ACQUIRED BY TRANSFER.
(a) An instrument is transferred when it is delivered by a person other than its issuer for the purpose of giving to the person receiving delivery the right to enforce the instrument.
(b) Transfer of an instrument, whether or not the transfer is a negotiation, vests in the transferee any right of…
ContinueAdded by Capt. Jack on November 8, 2010 at 5:24pm — No Comments
Published: Wednesday, 3 Nov 2010 | 11:02 AM ET
By: John Carney, Senior Editor, CNBC.com
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We're starting a Tim Geithner death watch.
That sounds a bit morbid. So let's be clear. We do not think President Barack Obama will murder Tim Geithner following the devastation of his party in the midterm elections. He'll just toss the guy out of the…
ContinueAdded by Capt. Jack on November 4, 2010 at 6:06am — 2 Comments
From AllGov 10/29/2101
Federal Government Asks for Closed Courtroom to Protect Goldman Sachs Secrets
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The U.S. Department of Justice has requested that a federal judge seal the courtroom of a trial involving computer code theft in order to protect trade secrets of Goldman…
ContinueAdded by Capt. Jack on November 1, 2010 at 10:16am — 1 Comment
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