It’s
long but you need to watch it. It is Fascinating… On Wednesday,
October 27 at 10:00 a.m., the Congressional Oversight Panel for the
Troubled Asset Relief Program (TARP) held a hearing in room 138 of the
Dirksen Senate Office Building. Archived video is available below.
Click Through to View (But read the rest before … Read more
Ownership Questions
Joshua
Rosner, an analyst at New York-based Graham Fisher & Co., has
also questioned whether mortgage-bond trusts did enough to take
ownership of loans. Typical practices, such as filling in the names of
trusts on notes and completing missing links in assignment chains
only after foreclosure work has started, may encourage investors to
challenge whether the debt met the requirements for delivery under
bond contracts, he said in an Oct. 27 interview.
At the end of
the U.S. real estate boom in 2005 and 2006, about 70 percent of the
$6.1 trillion in mortgage lending was packaged into bonds, according
to the Securities Industry and Financial Markets Association in New
York.
Paper documents were turned into electronic files so that
they could be moved around quickly, and shortcuts were taken to
accommodate multiple transactions, said Alan White, a law professor at
Valparaiso University in Indiana. Promissory notes were endorsed in
blank so that whichever company held it could claim possession. And
mortgages were sometimes assigned in blank.
The Florida Bankers Associations’ Comments to the Florida Supreme Court Task Force on Foreclosures may shed some light on document destruction.
Documents Destroyed
The
foreclosure crisis opened up the process to scrutiny, as banks
claimed to have lost thousands of promissory notes and were instead
showing judges copies, White said.
Virginia B. Townes, general
counsel of the Florida Bankers Association in Tallahassee, said some
banks intentionally destroyed notes after scanning. Townes declined to
name specific companies.
“The problems were lurking in the
files,” White said. “As long as people were paying and values went up
nobody cared. Fraud that happens during boom times comes to light in
the bust.”
One concern with recording transfers years after the
fact is that many entities that might have had roles in the
securitization chain no longer exist, Porter, the visiting Harvard
professor, said in her testimony.
Disappearing Links
“To
the extent that these transfers are being completed retroactively, it
raises issues about honesty in creating and dating the
assignments/transfers and about what parties can do, if anything, if an
entity in the securitization chain, such as Lehman Brothers or New
Century, is no longer in existence,” she said.
New Century
Financial Corp., once the largest independent subprime-mortgage
lender, filed for bankruptcy in April 2007. Lehman Brothers Holdings
Inc. was the fourth-largest U.S. investment bank when it went bankrupt
in September 2008.
It doesn’t matter when mortgage assignments
and endorsements are recorded because the existence of the pooling and
service agreement and purchase sale agreement is proof in itself that
the loan was conveyed, said Stephen Ornstein, a partner in the
Washington office of SNR Denton, a law firm that represents loan
servicers and lenders.
“If the assignment is missing, you can create it by having the old assignee reassign it to you,” Ornstein said.
Rumors
to the Contrary Notwithstanding, You CAN Take It With You! Defiled
Land Records & Convoluted Chain of Property Ownership
From
the Hamlet… Rumors to the Contrary Notwithstanding, You CAN Take It
With You! Posted by L Countrywide, Indymac, Lehman Brothers, First
Magnus: DEAD. ALL LONG DEAD. Yet. Yet. Yet. Apparently, these
predatory financial institutions are immortal and have assets to
transfer, via their strawman tax-evading MERS, even in 2010. So, is it
ANY WONDER … Read more
‘Middle of Storm’
Nationwide
Title’s Lance said she has long recommended to corporate clients that
they keep their files clean and produce assignments as transfers
happen. Many of the assignments the company produces are for bulk sales
from one bank to another, she said.
“NTC has been put in the middle of this storm,” she said.
Bly,
52, said he trusts the employees that have verified the assignments
his signature is appearing on -- even though he doesn’t know what
those processes are and never sees the document.
“If they check it, why do they need you, sir,” Einstein, the attorney, asked Bly in his July deposition.
“As a signer,” he replied.
--Editors: Larry Edelman, Rob Urban
To contact the reporter on this story: Prashant Gopal in New York at pgopal2@bloomberg.net
Reprinted with permission from the author.
Links added by 4closureFraud.
And I got more where that came from, Nationwide...
Shall
I publish your cease and desist letter to 4closureFraud about Bryan
Bly just before these depositions were released or should I wait for
your response to our requests before I do?
Ball is in your court, just let me know...
~
4closureFraud.org
We are just weeks away of beginning the New Year and my brief conversation with a local Realtor only indicates what we will see in early 2011. More cash investors.
I spoke with a local Realtor here in South Florida, Jeff who is with Ethree Realty located in Fort Lauderdale. He stated how busy they are with bank-owned properties. With the announcement of Fannie Mae and Freddie Mac unfreezing the foreclosed homes they had on hold due to the “robo signing” notified Realtors to resume taking offers and closing on bank owned property. As Jeff stated their office was flooded with calls from people looking to see what bargains could be had. It certain feels like a great buyers market and for some perhaps it is, but with lender guidelines still being extremely strict, not many average Joe's can get financing, and if they can the cash investors usually win. Investors flood to Florida to pick up great bargains and reap the rewards of an overly drenched inventory.
I have been in the mortgage and foreclosure business for over 14 years now and have been through the height of the refinance market and have worked in the foreclosure arena for the past 3 and a half years. All across America I have heard the stories of families losing their homes, some sad and some just out right abusing the system. As the market tries to stabilize itself and we come to the end of 2010, we have to ask ourselves if 2011 will be the year things begin to get better.
As I troll the news and look for articles to review and blog about it seems from Realtors to mortgage experts to even law officials, everyone seems to agree the real estate market is going to take some time to recover. Foreclosures have certainly slowed due to many loan modification programs being offered by lenders, but you will find this following data shocking! Over 700,000 Americans who have entered into a loan modification have ultimately been booted out of the government’s Home Affordable Modification Program. There is an estimated 4 to 5 million homes in foreclosure and possibly more facing foreclosure in the near future. So how does this paint the outlook for 2011? Doom and gloom?
Continued on the next pageadvertising enlargement drugs
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
advertising enlargement info
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
- h p -
It’s
long but you need to watch it. It is Fascinating… On Wednesday,
October 27 at 10:00 a.m., the Congressional Oversight Panel for the
Troubled Asset Relief Program (TARP) held a hearing in room 138 of the
Dirksen Senate Office Building. Archived video is available below.
Click Through to View (But read the rest before … Read more
Ownership Questions
Joshua
Rosner, an analyst at New York-based Graham Fisher & Co., has
also questioned whether mortgage-bond trusts did enough to take
ownership of loans. Typical practices, such as filling in the names of
trusts on notes and completing missing links in assignment chains
only after foreclosure work has started, may encourage investors to
challenge whether the debt met the requirements for delivery under
bond contracts, he said in an Oct. 27 interview.
At the end of
the U.S. real estate boom in 2005 and 2006, about 70 percent of the
$6.1 trillion in mortgage lending was packaged into bonds, according
to the Securities Industry and Financial Markets Association in New
York.
Paper documents were turned into electronic files so that
they could be moved around quickly, and shortcuts were taken to
accommodate multiple transactions, said Alan White, a law professor at
Valparaiso University in Indiana. Promissory notes were endorsed in
blank so that whichever company held it could claim possession. And
mortgages were sometimes assigned in blank.
The Florida Bankers Associations’ Comments to the Florida Supreme Court Task Force on Foreclosures may shed some light on document destruction.
Documents Destroyed
The
foreclosure crisis opened up the process to scrutiny, as banks
claimed to have lost thousands of promissory notes and were instead
showing judges copies, White said.
Virginia B. Townes, general
counsel of the Florida Bankers Association in Tallahassee, said some
banks intentionally destroyed notes after scanning. Townes declined to
name specific companies.
“The problems were lurking in the
files,” White said. “As long as people were paying and values went up
nobody cared. Fraud that happens during boom times comes to light in
the bust.”
One concern with recording transfers years after the
fact is that many entities that might have had roles in the
securitization chain no longer exist, Porter, the visiting Harvard
professor, said in her testimony.
Disappearing Links
“To
the extent that these transfers are being completed retroactively, it
raises issues about honesty in creating and dating the
assignments/transfers and about what parties can do, if anything, if an
entity in the securitization chain, such as Lehman Brothers or New
Century, is no longer in existence,” she said.
New Century
Financial Corp., once the largest independent subprime-mortgage
lender, filed for bankruptcy in April 2007. Lehman Brothers Holdings
Inc. was the fourth-largest U.S. investment bank when it went bankrupt
in September 2008.
It doesn’t matter when mortgage assignments
and endorsements are recorded because the existence of the pooling and
service agreement and purchase sale agreement is proof in itself that
the loan was conveyed, said Stephen Ornstein, a partner in the
Washington office of SNR Denton, a law firm that represents loan
servicers and lenders.
“If the assignment is missing, you can create it by having the old assignee reassign it to you,” Ornstein said.
Rumors
to the Contrary Notwithstanding, You CAN Take It With You! Defiled
Land Records & Convoluted Chain of Property Ownership
From
the Hamlet… Rumors to the Contrary Notwithstanding, You CAN Take It
With You! Posted by L Countrywide, Indymac, Lehman Brothers, First
Magnus: DEAD. ALL LONG DEAD. Yet. Yet. Yet. Apparently, these
predatory financial institutions are immortal and have assets to
transfer, via their strawman tax-evading MERS, even in 2010. So, is it
ANY WONDER … Read more
‘Middle of Storm’
Nationwide
Title’s Lance said she has long recommended to corporate clients that
they keep their files clean and produce assignments as transfers
happen. Many of the assignments the company produces are for bulk sales
from one bank to another, she said.
“NTC has been put in the middle of this storm,” she said.
Bly,
52, said he trusts the employees that have verified the assignments
his signature is appearing on -- even though he doesn’t know what
those processes are and never sees the document.
“If they check it, why do they need you, sir,” Einstein, the attorney, asked Bly in his July deposition.
“As a signer,” he replied.
--Editors: Larry Edelman, Rob Urban
To contact the reporter on this story: Prashant Gopal in New York at pgopal2@bloomberg.net
Reprinted with permission from the author.
Links added by 4closureFraud.
And I got more where that came from, Nationwide...
Shall
I publish your cease and desist letter to 4closureFraud about Bryan
Bly just before these depositions were released or should I wait for
your response to our requests before I do?
Ball is in your court, just let me know...
~
4closureFraud.org
We are just weeks away of beginning the New Year and my brief conversation with a local Realtor only indicates what we will see in early 2011. More cash investors.
I spoke with a local Realtor here in South Florida, Jeff who is with Ethree Realty located in Fort Lauderdale. He stated how busy they are with bank-owned properties. With the announcement of Fannie Mae and Freddie Mac unfreezing the foreclosed homes they had on hold due to the “robo signing” notified Realtors to resume taking offers and closing on bank owned property. As Jeff stated their office was flooded with calls from people looking to see what bargains could be had. It certain feels like a great buyers market and for some perhaps it is, but with lender guidelines still being extremely strict, not many average Joe's can get financing, and if they can the cash investors usually win. Investors flood to Florida to pick up great bargains and reap the rewards of an overly drenched inventory.
I have been in the mortgage and foreclosure business for over 14 years now and have been through the height of the refinance market and have worked in the foreclosure arena for the past 3 and a half years. All across America I have heard the stories of families losing their homes, some sad and some just out right abusing the system. As the market tries to stabilize itself and we come to the end of 2010, we have to ask ourselves if 2011 will be the year things begin to get better.
As I troll the news and look for articles to review and blog about it seems from Realtors to mortgage experts to even law officials, everyone seems to agree the real estate market is going to take some time to recover. Foreclosures have certainly slowed due to many loan modification programs being offered by lenders, but you will find this following data shocking! Over 700,000 Americans who have entered into a loan modification have ultimately been booted out of the government’s Home Affordable Modification Program. There is an estimated 4 to 5 million homes in foreclosure and possibly more facing foreclosure in the near future. So how does this paint the outlook for 2011? Doom and gloom?
Continued on the next pagehome
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
advertising enlargement drugs
It’s
long but you need to watch it. It is Fascinating… On Wednesday,
October 27 at 10:00 a.m., the Congressional Oversight Panel for the
Troubled Asset Relief Program (TARP) held a hearing in room 138 of the
Dirksen Senate Office Building. Archived video is available below.
Click Through to View (But read the rest before … Read more
Ownership Questions
Joshua
Rosner, an analyst at New York-based Graham Fisher & Co., has
also questioned whether mortgage-bond trusts did enough to take
ownership of loans. Typical practices, such as filling in the names of
trusts on notes and completing missing links in assignment chains
only after foreclosure work has started, may encourage investors to
challenge whether the debt met the requirements for delivery under
bond contracts, he said in an Oct. 27 interview.
At the end of
the U.S. real estate boom in 2005 and 2006, about 70 percent of the
$6.1 trillion in mortgage lending was packaged into bonds, according
to the Securities Industry and Financial Markets Association in New
York.
Paper documents were turned into electronic files so that
they could be moved around quickly, and shortcuts were taken to
accommodate multiple transactions, said Alan White, a law professor at
Valparaiso University in Indiana. Promissory notes were endorsed in
blank so that whichever company held it could claim possession. And
mortgages were sometimes assigned in blank.
The Florida Bankers Associations’ Comments to the Florida Supreme Court Task Force on Foreclosures may shed some light on document destruction.
Documents Destroyed
The
foreclosure crisis opened up the process to scrutiny, as banks
claimed to have lost thousands of promissory notes and were instead
showing judges copies, White said.
Virginia B. Townes, general
counsel of the Florida Bankers Association in Tallahassee, said some
banks intentionally destroyed notes after scanning. Townes declined to
name specific companies.
“The problems were lurking in the
files,” White said. “As long as people were paying and values went up
nobody cared. Fraud that happens during boom times comes to light in
the bust.”
One concern with recording transfers years after the
fact is that many entities that might have had roles in the
securitization chain no longer exist, Porter, the visiting Harvard
professor, said in her testimony.
Disappearing Links
“To
the extent that these transfers are being completed retroactively, it
raises issues about honesty in creating and dating the
assignments/transfers and about what parties can do, if anything, if an
entity in the securitization chain, such as Lehman Brothers or New
Century, is no longer in existence,” she said.
New Century
Financial Corp., once the largest independent subprime-mortgage
lender, filed for bankruptcy in April 2007. Lehman Brothers Holdings
Inc. was the fourth-largest U.S. investment bank when it went bankrupt
in September 2008.
It doesn’t matter when mortgage assignments
and endorsements are recorded because the existence of the pooling and
service agreement and purchase sale agreement is proof in itself that
the loan was conveyed, said Stephen Ornstein, a partner in the
Washington office of SNR Denton, a law firm that represents loan
servicers and lenders.
“If the assignment is missing, you can create it by having the old assignee reassign it to you,” Ornstein said.
Rumors
to the Contrary Notwithstanding, You CAN Take It With You! Defiled
Land Records & Convoluted Chain of Property Ownership
From
the Hamlet… Rumors to the Contrary Notwithstanding, You CAN Take It
With You! Posted by L Countrywide, Indymac, Lehman Brothers, First
Magnus: DEAD. ALL LONG DEAD. Yet. Yet. Yet. Apparently, these
predatory financial institutions are immortal and have assets to
transfer, via their strawman tax-evading MERS, even in 2010. So, is it
ANY WONDER … Read more
‘Middle of Storm’
Nationwide
Title’s Lance said she has long recommended to corporate clients that
they keep their files clean and produce assignments as transfers
happen. Many of the assignments the company produces are for bulk sales
from one bank to another, she said.
“NTC has been put in the middle of this storm,” she said.
Bly,
52, said he trusts the employees that have verified the assignments
his signature is appearing on -- even though he doesn’t know what
those processes are and never sees the document.
“If they check it, why do they need you, sir,” Einstein, the attorney, asked Bly in his July deposition.
“As a signer,” he replied.
--Editors: Larry Edelman, Rob Urban
To contact the reporter on this story: Prashant Gopal in New York at pgopal2@bloomberg.net
Reprinted with permission from the author.
Links added by 4closureFraud.
And I got more where that came from, Nationwide...
Shall
I publish your cease and desist letter to 4closureFraud about Bryan
Bly just before these depositions were released or should I wait for
your response to our requests before I do?
Ball is in your court, just let me know...
~
4closureFraud.org
We are just weeks away of beginning the New Year and my brief conversation with a local Realtor only indicates what we will see in early 2011. More cash investors.
I spoke with a local Realtor here in South Florida, Jeff who is with Ethree Realty located in Fort Lauderdale. He stated how busy they are with bank-owned properties. With the announcement of Fannie Mae and Freddie Mac unfreezing the foreclosed homes they had on hold due to the “robo signing” notified Realtors to resume taking offers and closing on bank owned property. As Jeff stated their office was flooded with calls from people looking to see what bargains could be had. It certain feels like a great buyers market and for some perhaps it is, but with lender guidelines still being extremely strict, not many average Joe's can get financing, and if they can the cash investors usually win. Investors flood to Florida to pick up great bargains and reap the rewards of an overly drenched inventory.
I have been in the mortgage and foreclosure business for over 14 years now and have been through the height of the refinance market and have worked in the foreclosure arena for the past 3 and a half years. All across America I have heard the stories of families losing their homes, some sad and some just out right abusing the system. As the market tries to stabilize itself and we come to the end of 2010, we have to ask ourselves if 2011 will be the year things begin to get better.
As I troll the news and look for articles to review and blog about it seems from Realtors to mortgage experts to even law officials, everyone seems to agree the real estate market is going to take some time to recover. Foreclosures have certainly slowed due to many loan modification programs being offered by lenders, but you will find this following data shocking! Over 700,000 Americans who have entered into a loan modification have ultimately been booted out of the government’s Home Affordable Modification Program. There is an estimated 4 to 5 million homes in foreclosure and possibly more facing foreclosure in the near future. So how does this paint the outlook for 2011? Doom and gloom?
Continued on the next pagetrue bench craft company rip off
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader <b>...</b>
Adobe releases Lightroom 3.3, ACR 6.3 & Lens Profile Downloader: Adobe has released Photoshop Lightroom 3.3, Camera Raw 6.3 and DNG Converter 6.3. These are final versions of updates that were originally posted as 'release candidates' ...
Breaking <b>News</b>: Watch A Gigantic Looping Solar Prominence
The Solar Dynamics Observatory never fails to deliver absolutely stunning images from the Sun: as of 18:49 UT today, the above picture is what the Sun looked like in the ultraviolet spectrum. The prominence that you are seeing looping ...
Movie <b>News</b> Quick Hits: Emma Stone's 'Spider-Man' Look, Annie Nods <b>...</b>
Filed under: Trailers and Clips, Movie News, Sundance Film Festival, Cinematical. Email This. -- Emma Stone debuted her Spider-Man look for the first time at Trevor Live in Hollywood over the weekend. Stone, who's usually in films as a ...
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