Category Archives: Fannie Mae
MERS: DYING A SLOW, PAINFUL DEATH?
In a bombshell story about Ginnie Mae and Bank of America–which is a big deal unto itself–Yves Smith brings in the following about MERS (Mortgage Electronic Registration Systems), which is the cornerstone of the securitization fail (Smith quotes Bloomberg): “As … Continue reading
BILL BUTLER: FORECLOSURE FRAUD AND SECURITIZATION IN A (VERY PRECISE) NUTSHELL
Some great articles by Bill Butler at Liberty Law, who knows a thing or two about securitization and foreclosure fraud, as he won one of the first (if not the first) lawsuits over securitization in 1996. Butler has been railroaded … Continue reading
FANNIE DOESN’T OWN $#!+–COURTS DON’T CARE
In a great article headlined “Foreclosure Is Financial Terrorism, Is it also Treason? (Just Who Are We Giving Homes Of Americans to After All?)”, Matt Weidner weighs in on the fact that Fannie Mae admits it doesn’t own the notes … Continue reading
2013 THEME: EVERYTHING IS RIGGED (AND ORWELL WAS OFF BY 29 YEARS)
Matt Taibbi summed up 2013 before the year was even half over with his brilliant story “Everything Is Rigged: The Biggest Price-Fixing Scandal Ever“: “Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons … Continue reading
IS THERE EVEN A “NOTE HOLDER” TO PAY?
Reaction to a post at Living Lies today in which Neil Garfield said: “If the owner can’t be known, are we really saying that the borrower still owes the money on the fictitious debt that was described in ether note … Continue reading
FANNIE MAE OWNS NOTHING–FANNIE MAE PDF
Reader and fellow Fannie fighter P Nach submitted this PDF of a Fannie Mae document which contains-right on page one– the statement that “The mortgages that back a Fannie Mae MBS are held in a trust on behalf of Fannie … Continue reading
THE ADMISSION FANNIE MAE DOESN’T WANT YOU TO SEE
In researching my own lawsuit against Fannie Mae, I ran across this stunning statement on a publicly-available Fannie Mae website (otherwise I wouldn’t have found it): “The mortgages that back a Fannie Mae MBS are held in a trust on … Continue reading
FANNIE MAE: “WE ARE NOT A CREDITOR” UNDER TILA
Last night I saw an incredible Facebook post by the Property Defense Network. It was a link to a Fannie Mae “Lender Letter” that I at first didn’t see the date on and therefore assumed it was new. The “Lender Letter” … Continue reading
CALLING OUT THE JUDGES: AMICUS BRIEF IN MARTINS V. BAC
Recently became aware of this amicus curiae brief (link at bottom of this post) in the appeal of the case of Ashley Martins v. BAC Home Loans Servcing, LP; Federal National Mortgage Association (appeal # 12-20559). I wrote about this horrible appellate … Continue reading
BANKSTER VS. DEADBEAT: “Deadbeat” clear winner!
Hat tip to Robert Tuna Townsend (a Facebook friend) for this. Great talking points for shutting down the inevitable “but you didn’t make your payments and just want a free house” argument.