Tag Archives: MBS
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
FANNIE “MBS”= MORE BULLS@!#: MORGENSON MISTAKEN?
In an article from last week about Fannie Mae pursuing deficiency judgments in Florida, Gretchen Morgenson essentially defends Fannie Mae, saying this (“Borrowers, Beware: The Robo-Signers Aren’t Finished Yet,” New York Times, Nov. 15 2014): “Fannie Mae is certainly justified … Continue reading
PT. 2: NO ENDORSEMENT, NO NEGOTIATION–NO NEGOTIATION, NO SECURITIZATION
Revisiting a great Neil Garfield article today on the subject of “ta-da” endorsements and the Wells Fargo manual (posted an excerpt of this article in my last post, which got me to reading over it again). He had this to … Continue reading
BANK OF AMERICA’S $4 BILLION “ACCOUNTING ERROR”
Saw the story of Bank of America’s “accounting error” a few days ago and muttered something to myself about how they’ll just get away with this accounting fraud just like they’re getting away with the foreclosure fraud. After all, it’s … Continue reading
VERRRY INTRIGUING US BANK PDF
Been quite ill the past week…trying to get back into the swing of things, so check this out: Big-Time Vindication for Neil Garfield from US Bank (don’t know if this has already been posted, I’ve been ill all week): http://foreclosuredefensenationwide.com/?p=533 … Continue reading
BANKSTER VS. DEADBEAT: “Deadbeat” clear winner!
Hat tip to Robert Tuna Townsend (a Facebook friend) for this. Great talking points for shutting down the inevitable “but you didn’t make your payments and just want a free house” argument.
FANNIE MAE, BY ITS OWN ADMISSION, OWNS NOTHING
In the latest smackdown of the big banks making the rounds, namely JP Morgan Chase Bank, Natl. Assn. v Butler, heroic Judge Arthur Schack puts Fannie Mae in her place more than any other judge I’m currently aware of. He takes … Continue reading
IFR COVER-UP: THE PRINCIPAL/AGENT SCAM REVEALED, PART ONE
So if any of us can stand yet more commentary on the So-Called Independent Foreclosure Review (SCIFR), I have a question–why were only the “servicers” punished? Why weren’t the holders and/or owners of the notes punished? After all, the servicers … Continue reading