Category Archives: Securitization Fail
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
Posted in Asset Bubble, Bank of America, Debt, Debt Slavery, Everything Is Rigged, Fannie Mae, Foreclosure fraud, Securitization Fail
Tagged Abigail Field, Bank of America, Bloomberg, Fannie Mae, Kemp v. Countrywide, Linda DeMartini, MERS, Naked Capitalism, securitization fail, William Hultman
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BANK OF AMERICA’S MAGIC WAND
The fatal flaw behind the justification of “ta-da” endorsements–effectively no one has “personal knowledge” of them IMPORTANT NOTE/DISCLAIMER: The following article is not legal advice and was not written by an attorney. It is merely a collection of common-sense, rational … Continue reading
Posted in Bank of America, Conspiracy, Endorsement, Everything Is Rigged, Foreclosure, Foreclosure fraud, Paper terrorism, Securitization Fail
Tagged Abigail Field, Bank of America, Bank of New York, Countrywide, deposition, endorsements, Fortune, Frank Norwitch, HSBC v. Rose, Kemp v. Countrywide, Kirby v. Bank of America, Linda DeMartini, Michele Sjolander, OCC, ta-da endorsement, wand
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LIBERTY ROAD MEDIA 