Category Archives: MERS
MERS: Fake organization sues pranksters pretending to be MERS
Ah, MERS—the “mortgagee of record” on some 62 million + mortgages. Their very business model is fakery, in that they claim to be the “beneficiary” or “mortgagee” of these millions of mortgages, when they know that they are in fact … Continue reading
FBI, Secret Service members of MERS, but why?
Well now! This is veeeerrry interesting, indeed. Apparently, the FBI and the Secret Service are members of the opaque, fraud-enabling/title-laundering racket known as MERS. But why? Neither the FBI nor the Secret Service are in the real estate business or … Continue reading
“Substantial Evidence” of “Forged” Endorsements: Wells Fargo Loses One
The money quote (pun very much intended) from Judge Robert Drain’s Memorandum of Decision, filed yesterday in a New York bankruptcy case regarding a Texas property in which attorney Linda Tirelli is representing the homeowner: I conclude that the foregoing … Continue reading
THE “MERS-LPS RACKETEERING ENTERPRISE”: HARKEY V. US BANK ET AL.
A complaint filed on January 20, 2015 in U.S. District Court for Nevada—Michael Harkey v. U.S. Bank et al. (Case No. 2:14-cv-00177-RFB-GWF)–really breaks down exactly what the scam of MERS is, and it does so with a level of clarity … Continue reading
FANNIE “MBS”= MORE BULLS@!#: MORGENSON MISTAKEN?
In an article from last week about Fannie Mae pursuing deficiency judgments in Florida, Gretchen Morgenson essentially defends Fannie Mae, saying this (“Borrowers, Beware: The Robo-Signers Aren’t Finished Yet,” New York Times, Nov. 15 2014): “Fannie Mae is certainly justified … Continue reading
WAKE UP AMERICA—YOU HAVE BEEN SCAMMED! (GUEST POST)
A first for LRM—a guest post, and it’s from the great Shelley Erickson! For the most part, the formatting and highlighting herein is the same as it appeared when Shelley sent this to me at the end of last year. … Continue reading
PT. 2: NO ENDORSEMENT, NO NEGOTIATION–NO NEGOTIATION, NO SECURITIZATION
Revisiting a great Neil Garfield article today on the subject of “ta-da” endorsements and the Wells Fargo manual (posted an excerpt of this article in my last post, which got me to reading over it again). He had this to … Continue reading
NO ENDORSEMENT, NO NEGOTIATION–NO NEGOTIATION, NO SECURITIZATION
Incredible story making the rounds the last few days about a rather high percentage of unendorsed notes being offered by the Bank of New York in foreclosure/bankruptcy cases. As high as 79%. That’s more than three quarters of the notes … Continue reading
WHO OWNS WHAT: BANKS AND THE NEW FEUDALISM
In a new Salon article, David Dayen eloquently sums up root cause of the new feudalism, which is being helped along by the federal government and federal courts: “Many focus on how the failure to prosecute financial crimes, by Attorney … Continue reading