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Permanently enjoined. As in "can never foreclose." Not "dismissed without prejudice" (e.g. "come back and file again with proper paperwork") but rather you blew it, it's not fixable, and you're done.
The ruling in favor of the borrower endorses an argument we have made since last year on this blog, that the pooling and servicing agreement stipulated a specific set of transfers be undertaken to convey the borrower note (the IOU) to the securitizat
If you think America's corporate management is paying protection money to Congress, you do not understand economic cause and effect. Corporate management is the Mob. It operates in terms of a system in which Congress serves as...
The banks’ position is that they are to be trusted after having demonstrated again and again that they’ll take anything that is not nailed down. It is drafted wherever possible to make current practices fall within the “settlement”, which means...
Now that they all starting realize that the gig is up and their games are coming to an end, and have nowhere else to turn, they want to fight us.
When a homeowner asked for help, they got a higher bill. In essence, this is the financial equivalent of having the fire department try to put out a blazing inferno with gasoline.
A systematic plan to create the illusion of stability and provide no-risk profits to the mega-Wall Street banks was implemented in early 2009 and continues today. The plan was developed by Ben Bernanke, Hank Paulson, Tim Geithner and the CEOs...
Senate President Russell Pearce was a big recipient of the tickets and campaign donations from Fiesta Bowl employees, and his name is mentioned dozens of times in the report. Pearce did not immediately respond to a request for comment
It refers to allegations that foreclosing lenders quite literally forged loan assignments. As in someone willingly signed someone else’s name on a dotted line, and managed to then have that document notarized and filed with the court.
A concealed carry killing raises dangerous questions. You don’t want to commit a crime in Las Vegas — at least not on TV. On the tube, you’ll be relentlessly pursued by a group of young, beautiful, highly educated and competent crime scene investiga
I strongly suspect that the intent is to pull as many contested foreclosures as possible out of the court process, particularly those that involve chain of title issues, since enough adverse rulings have the potential to blow up the entire...
"I had a really great weekend. Ernest Hancock, the of the libertarian radio show ‘Declare your Independence’ invited me to his 50th birthday party at his home in Phoenix after our interview on Friday; I happily accepted and hopped a flight."
So in one corner, a wealthy and likely politically connected law firm gets off easy despite widespread reports of abuses in Florida while little guys are presumed guilty and denied a remedy that lenders actually prefer because they come out ahead...
The fact that HAMP was an embarrassment appears to have led to the bizarre conclusion that the remedy is better modification theater...
Barclays PLC appears to be the main focus of an international regulatory probe into alleged manipulation of LIBOR rates, the benchmark price for interbank borrowing costs, the Financial Times reported, citing people familiar with the investigation.
Look at the themes Jessen stresses: control, dependency, compliance and cooperation. To use one pet example, why are people so apathetic in the wake of widespread abuses by banks, first the extortions that took place during the bailouts, and now...
But irrespective of the cause, the outcome is that these pro se clients mess up foreclosure mill economics by behaving in non-standard and time-consuming ways; hence they need to be dealt with.
Distract you from what? How about the theft of your productive efforts, the total capture of global markets and politics, war, and especially WHO it is that produces and controls the money...
Central banks and large financial institutions are constantly manipulating the Forex, precious metals and stock markets all over the globe. You see, in today's global economy the "stakes are so high" that the free market cannot be trusted.
These are summaries of the files and some of the individuals victimized by Rebecca Fierle and first-hand account of what those files contained, including several false statements and claims about the victims, their neighbors and family members. Read
When we think of human trafficking most of us immediately assume that this occurs only in the arena of sexual exploitation. At some point in time this may have been true. Today, human trafficking encompasses many forms and there is not one of us wh
Wow - Mayor Gray of D.C. is ALREADY in trouble. And we aren't talking Chris Lee bad judgment trouble. This is already allegations of serious ethical issues. People not only getting paid 5 figures more than they made under their predecessor, bu
“What We Witnessed” I describe the various situations we (David, my fiancée, and I) came across when visiting Rebecca Fierle victims in nursing homes—the shocking conditions—and when knocking on doors and interviewing family members.
Even though deciding which TBTF is the worst is like a having an ugly contest between Cinderella’s sisters, Wells Fargo may deserve pride of place. Yes, the Vampire Squid sorta owns the government. JP Morgan has too many people believing...
Two people who have been briefed on the discussions, but who asked for anonymity because the deal was not final, told me last week that no witnesses had been interviewed and that the coalition had sent out just one request for documents...
With the unrealized promise of Wikileaks to expose BofA, Anonymous sets a date of their own, MONDAY. Reinforcing evidence against Fraudclosure Criminals. Lets hope it's not just a slap on the wrist this time.
New York Fed prez Bill Dudley: "Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful," he said."You have to look at the prices of all things."
The institution that forecloses doesn't actually own the paper. They submit a robosigned or otherwise fraudulent set of documents to cover for the fact that they are not actually holders of the debt they claim to have. That is, they foreclosed but.
The sheriff for Luna County is requesting that the entire Columbus Police Department step down until the federal investigation involving city leaders in a firearms trafficking ring is over. Sheriff Raymond Cobos asked the remaining trustees in Co
The more this sort of whitewashing of abuses goes on, the closer the US gets to its Egypt moment.
