Tag Archives: Kemp v. Countrywide

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 , , , , , , , , , , , , , , , , , | 6 Comments

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

Posted in Bank of America, Conspiracy, Debt, Endorsement, Everything Is Rigged, Fannie Mae, Foreclosure, Foreclosure fraud, Judicial Misconduct, Living Lies, MERS, Secondary debt market, Securities, Securitization Fail, Too big to fail, Washington, Wells Fargo | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

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

Posted in Bank of America, Debt, Everything Is Rigged, Fannie Mae, fiat currency, Foreclosure, Foreclosure fraud, Living Lies, MERS, QE unlimited, Redistribution, Securitization Fail, Wells Fargo | Tagged , , , , , , , , , , , , , , , , | 3 Comments

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 , , , , , , , , , | 5 Comments

IS THERE EVEN A “NOTE HOLDER” TO PAY?

Reaction to a post at Living Lies today in which Neil Garfield said: “If the owner can’t be known, are we really saying that the borrower still owes the money on the fictitious debt that was described in ether note … Continue reading

Posted in Debt, Fannie Mae, Foreclosure, Foreclosure fraud, MERS | Tagged , , , , , , , , , , , , , , , | 2 Comments

IFR COVER-UP, PART TWO: ILLEGITIMATE FORECLOSURES

Yesterday’s post questioned why mortgage servicers–and not mortgage investors–were punished by the IFR.  The reason for that question is this: servicers are supposed to be mere debt collectors.  That is, servicers are not the entities to whom a debt is … Continue reading

Posted in Foreclosure | Tagged , , , , , , , , , , , , , , | 5 Comments

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 , , , , , , , , , , , , , , , | 3 Comments