Tuesday, August 31, 2010

Mortgage Bonds Wrongly Predict Government Refi Changes, Credit Suisse Says - Bloomberg http://ping.fm/W8BGx
The Squatter Socialized Loss Racket -- Seeking Alpha http://ping.fm/Kcfte
S&P/Case-Shiller: Home Prices Rise in June. Tax Credit Hangover Ahead http://ping.fm/HI25L
Certified Forensic Loan Audit Certification Training [CFLA-NAMU] | San Diego | 9/20/2010 http://ping.fm/JKmX3

Certified Forensic Loan Auditors, LLC - Securitization Audit / Memorandum

Securitization is the process by which residential and commercial real property mortgage loans are bundled and sold to investors. Securitization can occur months after origination, or it could occur immediately after origination. However, not all loans are securitized.

Investors such as Goldman Sachs, DeutscheBank, Countrywide, Wells Fargo, etc. routinely sell or purchase large blocks of loans and place them into trusts or REMICs (Real Estate Mortgage Investment Conduits). Shares of those are then sold to other investors.

Knowing what happened to a particular loan, where it went and which investment vehicle it ended up in, can be important in foreclosure defense and litigation against lenders, especially for properties located in judicial-foreclosure states.

In non-judicial foreclosure states, this research can be useful in bankruptcy defense, and it can provide the basis for directed discovery or evidentiary hearings.

Here is a list of judicial foreclosure states:

Florida, Indiana, New Mexico, Kansas, North Dakota, Iowa, Illinois, Louisiana, Alabama, Kentucky, Ohio, South Carolina, Delaware, New Jersey, Pennsylvania, New York Connecticut and Maine.

Other states, including California, Oregon, Washington, use either non-judicial foreclosure methods or a combination of both.

THIS INFORMATION IS NOT TO BE TAKEN AS LEGAL ADVICE AND SHOULD BE EVALUATED BY YOUR ATTORNEY FOR CLARIFICATION AND ADVICE.

If you're a real estate attorney or otherwise have need to obtain documentation on the holder of your client's mortgage Note and/or its securitization history, Certified Forensic Loan Auditors, LLC can provide you the most comprehensive documentation available.

Power of your Attorney

Read more: http://ping.fm/PEEsH
Under Creative Commons License: Attribution No Derivatives


From: http://ping.fm/k9k8W
Certified Forensic Loan Auditors, LLC - Securitization Audit / Memorandum http://ping.fm/gsCdI

Monday, August 30, 2010

HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy http://ping.fm/5Ceo4
Conservator's Report: A Different View of the GSE's Demise http://ping.fm/pXVRh

Friday, August 27, 2010

Bernanke: Recovery Slower Than Expected. Fed Prepared to Provide Additional Stimulus if Necessary

In his speech, Fed Chairman Ben Bernanke did not venture too far from recent rhetoric. He addressed the slower than expected pace of economic recovery but called attention to the fact that the world is not coming to an end either. To boost investor confidence, he repeatedly reminded us that the Fed stands at the ready to implement emergency measures if economic conditions do worsen considerably, which he feels is an unlikely event.

Read more...

From: http://ping.fm/pGVvE

Intro to Securitization (Free Webinar) | Loan Audit | Forensic Audit | Mortgage Audit

Take a look at our Securitization Webinar Recording and gain valuable insights and information!

Read more: http://ping.fm/HnP10
Under Creative Commons License: Attribution No Derivatives


Hosted by Certified Forensic Loan Auditors, LLC
Andrew Lehman, J.D. | Linda Carver, ESQ | Pat Bennett, J.D.

Intro to Securitization (Webinar) hosted by Certified Forensic Loan Auditors from Andrew on Vimeo.
Overview of the Securitization Webinar:

1. What is securitization? (Brief overview of loan securitization process);
2. Can we find the client's securitized loan?
3. What's included in a Level 1 Securitization Memorandum
4. What client documents you need to provide for the Securitization Memorandum:
1. Note
2. All riders to the Note
3. Deed of Trust (lists all riders to the Note, ensures we have a complete set)
4. Mortgage statement or correspondence from servicer
5. Loan application (1003)
6. Notice of Trustee Sale
7. Other documents that can help: TILA and RESPA disclosures, 1003
8. Please do not send IRS documents, or documents not related to the subject loan (we may have to charge for extra document review)
5. What further research is available:
1. Level 2 Securitization Memorandum;
1. Explanation of attachments to the Level 2 Securitization Memorandum;
2. Public records search for loan assignment (new add-on product)

For questions or comments, call or email us:
(310) 432-6304
webinars@certifiedforensicloanauditors.com

From: http://ping.fm/iYxlA

Thursday, August 19, 2010

Certified Forensic Loan Audit Certification Training [CFLA-NAMU] | San Diego | 8/30/2010 http://ping.fm/xYerC

Thursday, August 12, 2010

Intro to Securitization (free webinar) hosted by Certified Forensic Loan Auditors, LLC - 8/13/2010 - http://ping.fm/RpxsV

Wednesday, August 11, 2010

Become a Certified Forensic Loan Auditor | ORLANDO - 8/12/10 | Last chance registration! (310) 432-6304 http://bit.ly/dka01W
Forensic Loan Auditor Certification Training | ORLANDO - 8/12/10 | Last chance registration! (310) 432-6304 http://bit.ly/dka01W

Tuesday, August 10, 2010

Bankrate mortgage rates drop below 4.50 percent | HULIQ http://ping.fm/4PU5T
Apartment vacancies fall as affordable rents are harder to find - The Boston Globe http://www.boston.com/
BofA May Get $13 Billion Capital Boost on China Stake - BusinessWeek http://ping.fm/JYOwR
Fewer U.S. homeowners have ‘underwater mortgages’ - Business - Real estate - msnbc.com http://ping.fm/gFj8p
Fed ponders more easing as economy stumbles - Business - msnbc.com http://ping.fm/TLzN3
Loan modification marathon scheduled for West Palm Beach postponed http://ping.fm/F2ldf

Monday, August 9, 2010

Federal Reserve Hears Homeowners' Woes - The Bay Citizen http://ping.fm/Fo2Gu
Commercial loans in trouble - Sacramento Business Journal http://ping.fm/TwoGM
Struggling US homeowners to sue lenders | ABS-CBN News | Latest Philippine Headlines, Breaking News, Video, Analysi... http://ping.fm/ubZs3

Friday, August 6, 2010

Distress Market Thaws | The New York Observer http://ping.fm/sKa3n
Forensic Loan Auditor Certification Training | ORLANDO 8/12/10 Call today and save $500 off registration (310) 432-6304 http://bit.ly/dka01W
The Associated Press: Senate approves higher gov't mortgage fees http://ping.fm/WmVoY
Credit History Fraud Alleged in $3 Million Lee’s Summit Mortgage Scheme - Kansas City infoZine News http://ping.fm/hJjFf
Mortgage Bond Market Rocked By Prepayment Fears - WSJ.com http://online.wsj.com/
Homeowners Strike New Deals with Lenders http://ping.fm/BFYuS

Thursday, August 5, 2010

Forensic Loan Auditor Certification Training | ORLANDO 8/12/10 Call today and save $500 off registration (310) 432-6304 http://bit.ly/dka01W
Housing limbo: Owners won't pay, banks won't evict - KansasCity.com http://ping.fm/06zzg
News: Local | "State to dispense $88 million in foreclosure prevention aid" | The Register-Guard | Eugene... http://ping.fm/mvtM3
San Diego Reader | Foreclosure Fee Feast http://ping.fm/C9rbO
The Latest Bank to Order Foreclosures: The Fed - DealBook Blog - NYTimes.com http://ping.fm/CrIfm
The Day Ahead: Jobless Claims and Treasury Auction Terms http://ping.fm/FvyGU
Treasury Awards Second Round of "Hardest Hit" Housing Funds http://ping.fm/E11cT
Jehlen weighs in on foreclosure bill - Somerville - Your Town - Boston.com http://www.boston.com/
20 Inland hotels on list of lodgings in foreclosure | Business | PE.com | Southern California News | News for Inlan... http://www.pe.com/
$4.5 million payback: Mortgage firm settles scam claims http://ping.fm/SdOGK
The Associated Press: Countrywide settlement pays fraction to investors http://ping.fm/Jfagv

Wednesday, August 4, 2010

Another foreclosure wave coming: Chase :: CHICAGO SUN-TIMES :: David Roeder http://ping.fm/lsCFv
ksl.com - 'Hostile' foreclosures a problem real estate agents want fixed http://ping.fm/IkCRN
Emotional Baggage of Foreclosure http://ping.fm/P8eQN
Why a bank-bashing populist Democrat opposed the Wall Street ‘reform’ bill http://ping.fm/DANbu
Why Rep. Marcy Kaptur Voted “No!” On Financial ... http://ping.fm/K7mEO
WSJ: Fed Considering Resumption of MBS Purchase Program. MND Retorts http://ping.fm/O6A8v
Renter Caught In Foreclosure Mess | KEYT.com - News, Weather, Sports for Santa Barbara, Santa Maria, San Luis Obisp... http://ping.fm/hFDIk
More Foreclosure Auction Winners Turn Out to Be Losers - Business - The Atlantic http://ping.fm/0S8fR
Dual Role in Housing Deals Puts Spotlight on Deutsche - WSJ.com http://ping.fm/fC5wh

Tuesday, August 3, 2010

Realtors Warn Of Short Sale Scam - Jacksonville News Story - WJXT Jacksonville http://ping.fm/e3154
In devising punishments, SEC faced with competing interests http://ping.fm/hdkBB
Vacancy Rate Near Historic High. America Has a "Home Problem" http://ping.fm/aW3jR

Monday, August 2, 2010

A Mortgage Market Specific Summary of the Financial Reform Bill: Posted To: MND NewsWireAfter much ado our politic... http://bit.ly/b8Uu0q
The New Face of Foreclosures - Personal Finance - Real Estate - SmartMoney.com http://ping.fm/neWYq
Foreclosures hurt condos - Hawaii News - Staradvertiser.com http://ping.fm/BGwQh
Greenspan Says Drop in Home Prices Might Bring Back Recession - Bloomberg http://ping.fm/hdDY4
Old Debts Never Die - They Are Sold to Collectors - NYTimes.com http://ping.fm/2sMRN