Tag Archives: Abigail Field
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
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
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