Today, October 31, 2010, 36 minutes ago | genesis Of perhaps, more-broadly, the entire housing bubble and collapse. Even before some of the nation’s biggest mortgage lenders were forced to suspend foreclosure proceedings because of faulty paperwork, it was becoming clear that the Obama administration’s year-old effort to pump life into the housing market was […]
Home » Foreclosure Fraud: Tough Issues With Which to Grapple Foreclosure Fraud: Tough Issues With Which to Grapple This past week, pretty much every conversation I find myself in has something to do with the MASSIVE FRAUD that has emerged related to our nation’s housing, mortgage, credit, foreclosure and economic crises… see, it’s grown so […]
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Ellen Brown makes a compelling case for using the Kanjorski amendment to preemptively break up large financial institutions because they pose a threat to our economic stability. – Ilene Foreclosuregate: Time to Break Up the Too-Big-to-Fail Banks? With risky behavior by big finance again threatening economic stability, how can we get things right this time? […]
Masaccio: Foreclosure Fraud Isn’t Mere Paperwork By masaccio, first posted at FireDogLake. Yves here. Note that masaccio uses “indorsed” when laypeople would use “endorsed”. For some weird reason, in bankruptcy matters, the term of art is “indorse”. To masaccio’s post: The administration and the banks want you to believe that there is nothing more to […]
SNR Denton Provides Intellectually Dishonest, Flawed Defense of Mortage Securitizations Today, October 25, 2010, 5 hours ago | Yves Smith Back in the 1980s, a colleague was getting a doctorate at Harvard Business School and had to take a seminar in statistical methods. Each participant was assigned a paper and was required to present to […]
Millions Of Unemployed Americans Now Live As Paupers Even As Foreign Nations Use Sovereign Wealth Funds To Buy Up Huge Chunks Of American Infrastructure Published on 10-26-2010 Email To Friend Print Version Share | By Micheal Snyder – BLN Contributing Writer Most Americans still do not understand just how bad the economic horror we are facing really […]
Why The Banks MUST NOT Get Away With ThisPosted on October 26, 2010 by Foreclosureblues Posted 2010-10-26 13:05 by Karl Denninger in Foreclosuregate Why The Banks MUST NOT Get Away With This It’s now in the mainstream media…. People in this country may be uninformed or misinformed — but they’re not stupid. They’ll catch on to […]
Assured Guaranty Sues Deutsche Bank To Repurchase MortgagesPosted on October 26, 2010 by Foreclosureblues Assured Guaranty Sues Deutsche Bank Over Mortgages By Shannon D. Harrington and Karen Freifeld – Oct 25, 2010 5:55 PM CT A unit of Assured Guaranty Ltd. sued affiliates of Deutsche Bank AG over $312 million of mortgage- backed securities that the […]
STRATEGIC DEFAULTS RISING ON ROBO-SIGNED DOCUMENTATION Posted on October 24, 2010 by Neil Garfield Both Mr Horton and Ms Gaughen are the types of people banks like to lend to. They made payments on time, they have jobs. However, the plunge in US house prices – which has been particularly severe in California and Florida […]