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Phred Maldonaldo's Blog – May 2011 Archive (3)

A Fannie Plannie?

This is a nice article of how to go forward with the GSEs Fannie Mae and Freddie Mac. It pulls the government out of the equation and makes corrections so the private sector can become re-energized.…

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Added by Phred Maldonaldo on May 19, 2011 at 11:30pm — No Comments

My favorite things ...

Forgery, perjury, grand theft, false filing ... these are a few of my favorite things. All found in the California Penal Code. And found in the mega-bux case below ...

my favorite things ...

Added by Phred Maldonaldo on May 15, 2011 at 11:23am — No Comments

CA MERS

A CA Appellate Court recently decided that MERS was fine in how it passed the interest of the beneficiary and power of sale through securitized loans.

But I came across this case from 1989, before the activist courts had a chance to protect the lenders' interest with the stare decisis crisis the state faces.

It mentions the problem of having to serve all the beneficiaries of a trust in the event of suit. I'm guessing it is a great starting place for attacking MERS. The…

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Added by Phred Maldonaldo on May 3, 2011 at 8:37pm — No Comments

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