Tag Archives: securitization
First Look: New Linda Tirelli Suit Against Bank of America
Attorney Linda Tirelli, a rockstar in the arena of foreclosure defense, has just filed an adversarial bankruptcy suit in the Southern District of New York naming the following as defendants: Bank of America, Nationstar, U.S. Bank, and Recontrust. As many … Continue reading
Posted in Bank of America, Everything Is Rigged, Fannie Mae, Financial Terrorism, Foreclosure, Foreclosure fraud, Paper terrorism, US Bank, Wealth transfer
Tagged Bank of America, bankruptcy, Countrywide, David Spector, deposition, endorsement, endorsments, foreclosure, foreclosure fraud, fraud, Helen Racanelli, Laurie Meder, Linda DeMartini, Linda Tirelli, Nationstar, non-negotiable, Recontrust, securitization, securitization fail, Sourcecorp, U.S. Bank, UCC 9
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“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
FAKE ENDORSEMENTS: JUDGE IN WELLS FARGO CASE ON RIGHT TRACK
The Wells Fargo “Mortgage Foreclosure Attorney Procedure Manual” continues to make news. Now the judge in the case that brought all this to light is saying the following: At the hearing, attorney David Dunn said the bank’s note endorsement process … Continue reading
Posted in Conspiracy, Everything Is Rigged, Foreclosure, Foreclosure fraud, Paper terrorism, Securities, Securitization Fail, Wells Fargo
Tagged endorsement, Judge Drain, Linda Tirelli, mortgage-backed securities, Naked Capitalism, Robert Drain, robo-endorsed, robo-stamped, securitization, Well Fargo manual, Wells Fargo, whistleblower
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HOW MORTGAGE SERVICERS ARE LIKE A STARBUCKS DRIVE-THRU
Neil Garfield writes again on the topic of “servicer advances” today, explaining in a nutshell what they are: “[Servicer advances] fall into the category of payments made to the creditor-investors, which means that the creditor on the original loan, or … Continue reading
BANKS DO NOT LEND MONEY: ROSENBERG EDITION
ABSTRACT: I get tired of reading about how banks lend money and take all these risks and are therefore entitled to “repayment.” National discourse on the fact that banks do not lend their or their depositors’ money needs to begin … Continue reading
Posted in Debt, Debt Slavery, Everything Is Rigged, Federal Reserve, fiat currency, Secondary debt market, US Bank
Tagged borrowing, Federal Reserve, fractional reserve, investors, lending, Maury Rosenberg, money out of thin air, mortgage-backed securities, New York Times, securitization
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THE ADMISSION FANNIE MAE DOESN’T WANT YOU TO SEE
In researching my own lawsuit against Fannie Mae, I ran across this stunning statement on a publicly-available Fannie Mae website (otherwise I wouldn’t have found it): “The mortgages that back a Fannie Mae MBS are held in a trust on … Continue reading
Posted in Fannie Mae, Financial Terrorism, Foreclosure
Tagged Fannie Mae, foreclosure fraud, Google, mortgages, pools, Scribd, securitization, trusts
13 Comments
STRIKE THREE: BANKS SHOULD BE OUT (of the foreclosure business)
On Facebook, the excellent Shelley Erickson from Washington state just posted this bombshell article from MS Fraud: “State AGs settle with LPS for $113 million; only nobody knew”. It’s the latest proof that there are no original promissory notes in … 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.
Posted in Fannie Mae, Foreclosure, MERS
Tagged bailout, Bankster vs. Deadbeat, dog doo, felony, foreclosure, foreclosure fraud, Goldman Sachs, Market Ticker, MBS, MERS, perjury, Robert Tuna Townsend, robo-signing, securitization
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