Category Archives: Securitization Fail
Are banks like Wells Fargo the new slumlords? Pam Ragland’s post-foreclosure story.
Though it gets less publicity these days than it did in years past, the foreclosure crisis in the U.S. lingers. Sometimes it isn’t even the homeowners who suffer most from foreclosure. Approximately 40% of the time, according to some estimates, … Continue reading
Posted in California, Eviction, Foreclosure, Foreclosure fraud, Securitization Fail, US Bank, Wells Fargo
Tagged AB 2610, DocX, foreclosure, foreclosure fraud, fraud, lease, Linda Green, Lorraine Brown, Ocwen, Orange County, Pam Ragland, Protecting Tenants at Foreclosure Act, Ragland v. US Bank, tenants, Wells Fargo
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Wells Fargo Beatdown over endorsements that are not “genuine”
Here at LRM, I have written a lot about the importance of endorsements on promissory notes, specifically what has come to be known as a “ta-da” endorsement, which is roughly defined thusly: “…endorsements that magically turn up on promissory notes … Continue reading
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
Why didn’t Yvanova help Yvanova? Q & A with CA attorney David Seal
The foreclosure defense arguments of some California homeowners were given a big boost by the recent California Supreme Court decision in Yvanova v. New Century Mortgage. In fact, just last week, we published an interview with one such homeowner, … Continue reading
First Yvanova, Now Hernandez—Courts Warming Up to Homeowner Arguments
California homeowner advocate Sherry Hernandez is feeling great these days about her efforts to fight her wrongful foreclosure by Penny Mac (i.e., PNMAC). “I’m trying to enjoy my time because I know that it’s not going to be easy going … Continue reading
“Secret Shame” of Middle Class vs. Shamelessness of Banks
, While there is certainly much to appreciate in “The Secret Shame of the Middle-Class,” Neal Gabler’s recent article in The Atlantic, I still felt that it ultimately acts as an indictment of, rather than a gesture of solidarity with, … Continue reading
“Standing” up for homeowners, against banks: Yvanova decision
This one–the Yvanova decision by the California Supreme Court–was a no-brainer, of course. Had the Court ruled that homeowners cannot challenge a bogus assignment, there would be no point in a bank or other purported holder of California mortgages following … Continue reading
WTF pt. 2: 400 NATIONAL WAY SCREENSHOTS WITH BANK OF AMERICA LOGO
Here are three Google Earth screenshots of 400 National Way Simi Valley, CA, which refer to this story–WTF? BANK OF AMERICA AND FANNIE MAE SUPPOSEDLY HAVE THE SAME ADDRESS AND PHONE NUMBER: Front view–no corporate names or even a name of … Continue reading
WTF? BANK OF AMERICA AND FANNIE MAE SUPPOSEDLY HAVE THE SAME ADDRESS AND PHONE NUMBER
If we were to discover that a Mob boss shared the same address and phone number with a legitimate business–like a liquor store or some such—what would we say about that liquor store? We’d say that the liquor store was … Continue reading
Posted in Bank of America, California, Conspiracy, Crap-italism, Everything Is Rigged, Fannie Mae, Foreclosure, Foreclosure fraud, Secondary debt market, Securitization Fail
Tagged 1099, 400 National Way, Bank of America, Eric Mains, Fannie Mae, FDIC, Kemp v. Countrywide, Linda DeMartini, Living Lies, Matt Weidner, Max Gardner, MBS, Michele Sjolander, negotiation, non-negotiable, Pasadena, securitization fail, Simi Valley
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LIBERTY ROAD MEDIA 