Category Archives: Securitization Fail

Fannie and Freddie Open Records Act Passes House!

So I was watching the above video with Steve Mnuchin and Maria Bartiromo because of its title: “Mnuchin on Fannie And Freddie Funds Used to Pay for ObamaCare: It’s True”.  Bartiromo mentions in passing that a bill was being considered … Continue reading

Posted in Everything Is Rigged, Fannie Mae, Federal Reserve, Foreclosure, Foreclosure fraud, Secondary debt market, Securitization Fail | Tagged , , , , , , , , , | 2 Comments

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

Posted in Conspiracy, Endorsement, Everything Is Rigged, Foreclosure, Foreclosure fraud, Securitization Fail, Wells Fargo | Tagged , , , , , , , | 3 Comments

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

Posted in California, Foreclosure, Foreclosure fraud, MERS, Paper terrorism, Securitization Fail | Tagged , , , , , , , | 1 Comment

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

Posted in California, Foreclosure, Foreclosure fraud, Securitization Fail | Tagged , , , , , , , , , , , , | Leave a comment

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

Posted in Foreclosure, Foreclosure fraud, Securitization Fail | Tagged , , , , , , , , | 73 Comments

“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

Posted in Crap-italism, Everything Is Rigged, Federal Reserve, Financial Terrorism, Foreclosure fraud, QE unlimited, Securitization Fail, Too big to fail | Tagged , , , , , , , , , , | 2 Comments

“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

Posted in Foreclosure, Foreclosure fraud, Paper terrorism, Secondary debt market, Securitization Fail | Tagged , , , , , , , , , | 3 Comments

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

Posted in Bank of America, California, Conspiracy, Everything Is Rigged, Foreclosure, Foreclosure fraud, Securitization Fail, Uncategorized | Tagged , , , , | Leave a comment

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 , , , , , , , , , , , , , , , , , | 7 Comments

ANALYST ON BANK OF AMERICA: “Cesspools like BAC need to be completely drained”

  Wow! David Stockman pulls zero punches in this excellent rant (“Shoot Bank Of America Now—-The Case For Super Glass-Steagall Is Overwhelming,” Contra Corner, Feb. 11, 2015) on  how a company like Bank of America in any legitimate legal context … Continue reading

Posted in Bank of America, Crap-italism, Debt, Everything Is Rigged, Federal Reserve, fiat currency, Redistribution, Rent-seeking, Reverse socialism, Securitization Fail, Too big to fail, Wealth transfer | Tagged , , , , , , , , , , , , , , , | Leave a comment