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This is a comprehensive 3-day training course to teach you the tools and methodologies to be an accredited “Mortgage Securitization Auditor” (24hrs) covering the securitization conveyance chain, introduction to CFLA Securitization Reports, terminology, and borrower documents, SEC Search Techniques, SPV search, document review, MERS search, GSE search, Assignments, Separation of Note/Deed, Substitution of Trustees, Notice of Defaults, Trustee Sales, “The Note Is A Contract”/When original Notes are produced, Auditors as Testifying Experts/Review of court transcripts, HAMP Overview, and much more…

NAR Sees Gradual Housing Recovery Based on Several Assumptions http://ping.fm/6Rhpk

HUD Awards Extra Funding to Housing Counselors http://ping.fm/uZto1

Federal Home Loan Bank Proposals Aim to Reinforce Housing Finance System http://ping.fm/68Dh8

S&P/Case-Shiller: Home Price Double-Dip Looms http://ping.fm/PyMA2

Banks behaving badly: Mistaken foreclosures roll on - Boston Real Estate - Boston.com http://ping.fm/Gm8jR

Bryan Ellis Real Estate Letter - Bank of America Faces Class Action Suit Over TARP Money Foreclosure ?Agreement?

Bank of America’s refusal to participate in foreclosure prevention programs even though it accepted $25 billion in TARP (Troubled Asset Relief Program) money has plaintiffs in St. Louis, Connecticut, claiming that the beleaguered lender broke faith with the U.S. Treasury and let borrowers in foreclosure down[1]. The lawsuit, which was filed today, is similar to suits brought against BofA by the attorneys general of Arizona and Nevada last week. Plaintiffs in the suits claim that “by accepting TARP money, [BofA] agreed to participate in at least one TARP-authorized program to minimize foreclosures” and agreed via contract with the U.S. Treasury to comply with HAMP (Home Affordable Modification Program) regulations to “perform loan modifications and other foreclosure prevention services.” The plaintiffs allege that the bank has done neither.

From: http://ping.fm/Tgtsa

Bryan Ellis Real Estate Letter - Bank of America Faces Class Action Suit Over TARP Money Foreclosure “Agreement” http://ping.fm/pS3Gl

Holding banks accountable | NJ.com

New Jersey Chief Justice Stuart Rabner is holding the feet of mortgage lenders to the fire: Prove your foreclosure process is done right or it will be suspended. It’s the only way to hold lenders accountable and protect homeowners from rushed and potentially inaccurate foreclosure orders.

Rabner said foreclosures are growing at “a staggering pace.” This year, the number of filings was 65,000 statewide; four years ago, it was 22,000. Only six percent of those filings are contested.

From: http://ping.fm/AIZPX

Holding banks accountable | NJ.com http://ping.fm/cy2qy

FHFA Issues Final Rules for GSE Portfolios, Equal Hiring, and FHLB Goals http://ping.fm/3bZ0y

New Home Sales Up 5.5% in November. Median Prices Improve http://www.mortgagenewsdaily.com/12232010_new_home_sales_up_5_5_in_november_median_prices_improve.asp

Federal Reserve Tweaks ARM & Construction Loan Disclosure Regs http://ping.fm/Gv8xb

USA TODAY http://ping.fm/MPOSF

Allentown: Bankrupt video store chain Blockbuster closing 182 stores - mcall.com http://ping.fm/jpoNY

FHFA Reports on Enterprise Foreclosure Prevention Activity http://ping.fm/ZMa41

Existing Home Sales Up Across the Country in November http://ping.fm/sGJrL

Fannie Mae: Home Prices & Mortgage Originations to Decline in 2011 http://ping.fm/jsqhp

Refinance Demand Hits 8-Month Low as Mortgage Rates Rise http://ping.fm/iyX1D

California Coastal Communities Files Consensual Plan of Reorganization to Exit from Bankruptcy http://ping.fm/Cwu7t

State mortgage program lags on modifying loans - Baltimore Sun http://ping.fm/j2cqT

Mortgage Securitization Auditing Webinar (Free) | Loan Audit | Forensic Audit | Mortgage Audit http://ping.fm/PBgLd

Az, Nevada sue Bank of America: bank employees dish

On Friday, Arizona and Nevada both filed suit against Bank of America, saying it deceived homeowners trying to avoid foreclosures. The suits allege that Bank of America knowingly misled homeowners in the loan modification process, regularly promising quick help when the process instead dragged out over months if not years, foreclosing on homeowners during the modification process despite promises that homeowners would be safe and making "false" promises to homeowners that their trial modifications would become permanent, among other complaints.

From: http://ping.fm/XfvUJ

Az, Nevada sue Bank of America: bank employees dish http://ping.fm/ak6uK

Victorville ZIP code ranks fifth in mortgage fraud risk http://ping.fm/EtMeL

Bankruptcy is often the best way out of a mortgage morass http://ping.fm/vMyuE

Free Mortgage Securitization Auditing Webinar hosted by Certified Forensic Loan Auditors, LLC - Register today! http://ping.fm/u1ggT

Mortgage-Servicing Methods, Exposed in a Court Case - NYTimes.com

ALL the revelations this year about dubious practices in the mortgage servicing arena — think robo-signers and forged signatures — have rightly raised borrowers’ fears that companies handling their loans may not be operating on the up and up.
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Times Topic: Gretchen Morgenson

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But borrowers aren’t the only ones concerned about potential mischief. Investors who hold mortgage securities are increasingly worried that servicers may be putting their interests ahead of those who own the loans.

A servicer might, for example, deny a loan modification to a borrower because it also owns a second mortgage on the same property and doesn’t want to write down that asset, as required in a modification. Levying outsize default fees is another tactic — the fees typically go to the servicer, not the lender, but they can still propel a property into foreclosure more quickly. And foreclosures aren’t a good outcome for investors.

From: http://ping.fm/UZitr

Mortgage-Servicing Methods, Exposed in a Court Case - NYTimes.com http://ping.fm/2J8Hs

Intro to Securitization (free webinar) hosted by Certified Forensic Loan Auditors, LLC - Register today! http://ping.fm/u1ggT

FICO and NAR Debate Credit Scoring Model and its Impact on Consumers http://ping.fm/SDrOW

Short sales, in short - Redlands Daily Facts http://ping.fm/iSERm

Intro to Securitization (free webinar) hosted by Certified Forensic Loan Auditors, LLC http://ping.fm/u1ggT

Mortgage Securitization Auditor Training Certification - San Diego, CA – Jan 07—09, 2011 - 310-432-6304 http://ping.fm/v2Duy

False Attorney Signatures Cast New Doubts on Foreclosures | REALNEO for all http://ping.fm/zLUcu

The Aspen Business Journal | U.S. role in housing market, say economists, makes it harder to predict end of crisis | Local Business, Global Perspective http://ping.fm/ADGdN

Appraisal Hell: What's a Home Worth These Days? http://ping.fm/wrSz1

Originator Compensation: MBA Pushes for Postponed Implementation of New Regs http://ping.fm/kVHdP

Bay Area foreclosures falter - Inside Bay Area http://ping.fm/C6qnI

ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Jan 7-9, 2010 - http://ping.fm/v2Duy

State's foreclosure filings plunge 42%s

Foreclosures intrigue homebuyers, but risks may prevent a deal | LoanWorkout.org http://ping.fm/mM1J1

Stockton No. 2 in U.S. for foreclosures | Recordnet.com http://ping.fm/mxt83

BofA gets more time for talks over soured loans - wtop.com http://ping.fm/u5Z7L

Timothy Geithner Tackles Foreclosure Issues After Kidney Stone | ThirdAge http://ping.fm/9P8Os

Central Valley Business Times http://ping.fm/p5sYf

Housing Starts and Building Permits Bounce Around All-Time Lows http://ping.fm/etbtX

ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Jan 7-9, 2010 - http://ping.fm/v2Duy

RealtyTrac: Evictions Ease Following Foreclosure Moratoriums. New Defaults Trending Lower http://ping.fm/tplAh

Regulators Publish Final Revisions to CRA Rules http://ping.fm/Rfi2S

Census data show 'surprising' segregation - USATODAY.com http://ping.fm/rT2kw

Business & Technology | Another parcel for proposed Fifth Avenue development in foreclosure | Seattle Times Newspaper http://ping.fm/t9YqP

Become certified as a Forensic Loan Auditor. Atlanta, GA—Last chance registration 310-432-6304 http://ping.fm/XbmA8

Consumer attorneys opposes changes in Truth in Lending Act - San Jose Mercury News http://ping.fm/g4kFf

Panel blasts foreclosure prevention program  | ajc.com http://ping.fm/Ejvtv

Mortgage Banker Production Volumes, Profits and Per Loan Costs All Higher in 3Q http://ping.fm/8P93P

Forensic Loan Auditor Certification Training - Last chance registration – Atlanta, GA – Dec 16—19, 2010 – 310–432–6304 http://ping.fm/XbmA8

What's wrong with MERS — Mortgage Electronic Registration System? - St. Petersburg Times http://ping.fm/Yij55

Silicon Valley foreclosures are down but not because housing market is up - ContraCostaTimes.com http://ping.fm/OC2Qk

Local bankers look at recession's effect on community banks - Business - Macon.com http://ping.fm/2qlPM

Refinance Apps Down Five Weeks in a Row. Purchase Demand Stalls After Brief Run Up http://ping.fm/ib7ro

Builder Confidence Steady In December After 3 Months Of Gains http://ping.fm/CDnmd

Last chance registration | Forensic Loan Auditor Certification Training - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8

Payday lending likely hot topic for 2011 Legislature - Poten & Partners http://ping.fm/ARbPL

With tight lending rules, low-income homeowners are blocked from mortgage refinancing http://ping.fm/2LVb5

Bank of America puts $1B toxic paper on the block - NYPOST.com http://ping.fm/ImilT

Maybe the Fed Should Buy More Mortgage Bonds? - Daniel Indiviglio - Business - The Atlantic http://ping.fm/BuX92

Last chance registration | Forensic Loan Auditor Certification Training - Atlanta, GA - Dec 16-19, 2010 (310)432-6304 http://ping.fm/XbmA8

Other view: Fed’s proposal favors banks over lenders http://ping.fm/3mNHb

Reform could result in 'huge cost savings' | The Australian http://ping.fm/hJCER

200,000 home mortgages 'underwater' in Sacramento | Sacramento Business Journal http://ping.fm/g9nNg

Last chance registration | Forensic Loan Auditor Certification Training - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8

Courthouse News Service http://ping.fm/OmyCr

Congressional Oversight Panel Blasts HAMP http://ping.fm/aBFQY

Does Having "Skin in the Game" Matter in the Mortgage Business? http://ping.fm/L27Hn

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Battle Forming Over Mortgage Availability - WSJ.com http://ping.fm/k5GAe

20% of Illinois mortgage holders underwater in 3Q | Chicago Breaking Business http://chicagobreakingbusiness.com/2010/12/20-of-illinois-mortgage-holders-underwater-in-3q.html

Forensic Loan Auditor Certification Training - Last chance registration – Atlanta, GA – Dec 16—19, 2010 – 310–432–6304 http://ping.fm/XbmA8

Attorney General to meet with homeowners about foreclosures http://ping.fm/5wFR8

Foreclosure nightmare - ContraCostaTimes.com http://ping.fm/eHk5K

Can Brian Moynihan Clean Up Bank of America’s Messes? - NYTimes.com http://ping.fm/iS6pJ

Certified Forensic Loan Audit Certification Training [CFLA] | Atlanta, CA | Weekend of December 16th, 2010 http://ping.fm/2skNO

BofA Looks to Sell Toxic Mortgages Worth $1 Billion: Report - ABC News http://ping.fm/4lFD5

Peter Dreier: Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses http://ping.fm/6a2vE

The Outlook: Housing Market on Edge as Lenders Get Tougher - WSJ.com http://ping.fm/8oz5D

CoreLogic: Fewer Underwater Mortgages in 3Q. Foreclosure Sales Drove Reduction http://ping.fm/5kiOk

Last chance registration | Forensic Loan Auditor Certification Training - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8

Bank of America, refinance: BofA refi becomes foreclosure nightmare - latimes.com http://ping.fm/sLIkN

ACLU wants interviews with 'robo-signers' on 'Net - Bloomberg http://ping.fm/XmAC2

Bank Complaints Soar Even After Law Changes - ABC News http://ping.fm/4dzx2

Forensic Loan Auditor Certification Training | Last chance registration - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8

A house for $200? Foreclosure confusion leads to rock bottom auction prices http://ping.fm/81U8E

"Archaic" FICO Model Called Out by NAR. Credit Scoring Due Another Update http://ping.fm/4iJXl

Courthouse News Service http://ping.fm/GFDbd

Forensic Loan Auditor Certification Training—Last chance registration - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8

Become certified as a Forensic Loan Auditor. Atlanta, GA—Last chance registration 310-432-6304 http://ping.fm/XbmA8

Forensic Loan Auditor Certification Training by Forensic Audit Experts [CFLA] http://ping.fm/8Y2Wh

FHA loans: 22 mortgage providers accused of unfair lending practices - latimes.com http://ping.fm/m1DEi

Mortgage Industry Gong Show: Hasty Rule-Making Creates More Confusion http://ping.fm/pke77

Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8

At least 3 more years of housing troubles seen | Reuters http://ping.fm/Bs2Iq

Foreclosure mess: Much bigger than you thought - Boston Real Estate - Boston.com http://ping.fm/gDJfQ

Holiday gift: Temporary halt on evictions- Home financing - MSN Money http://ping.fm/Gykun

Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16—19, 2010 - 310-432-6304 http://ping.fm/XbmA8

Obama Tax Deal May Lead to More Hiring, Moynihan Says - BusinessWeek http://ping.fm/YY54V

Judge tells Fannie Mae to back off foreclosure | The Columbus Dispatch http://ping.fm/9QUoK

Loan Modification Fail for ‘Real OC Housewife’ Alexis Bellino - Developments - WSJ http://ping.fm/M5L2s

Major Lawsuit Against Morgan Stanley over Securitization of Second Liens | FDL News Desk

Barry Ritholtz links to a complaint from MBIA, the insurance company, against Morgan Stanley over second lien securitization. MBIA is suing over breach of contract on a securitization known as MSM 2007-9SL, a pool of 5,000 second-lien loans. “Based on demonstrably false written representations during the pre-deal negotiations, Morgan Stanley fraudulently induced MBIA to issue insurance on $223,194,000 worth of securities,” according to the complaint, which you can view here. The complaint was filed in New York State Supreme Court.

Basically, MBIA is saying there were defective loans in that mortgage pool, that Morgan Stanley never “cured” them by repurchasing the bad loans, and as a result, MBIA is losing money on the insurance. So they sued. The false representations made by Morgan Stanley, according to MBIA, include underwriting standards at the point of origination of the loans, and the “characteristics of the securitized loan pool in the aggregate.” Basically, Morgan Stanley lied about the quality of the loans, according to MBIA. They have proof from third-party due diligence of the loan pool, which they got from Morgan Stanley after the default rates skyrocketed. And under the pooling and servicing agreement, they were required to put back those loans on their books. But Morgan Stanley hasn’t repurchased a single loan.

From: http://ping.fm/4kwnH

Major Lawsuit Against Morgan Stanley over Securitization of Second Liens | FDL News Desk http://ping.fm/sLIYv

Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16–19, 2010 - 310-432-6304 http://ping.fm/XbmA8

Purchase Demand Trending Higher. Refinance Apps Decline Again http://ping.fm/DPmUu

Widespread 'robo-signer' errors spur lawsuit seeking class status http://ping.fm/CFoTR

Forensic Loan Auditor Certification Training - Last chance registration! - Atlanta, GA - Dec 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8

Survey: Americans Split on Timing of Housing Recovery. Discounted Prices Expected http://ping.fm/e3FmW

MBA: Proposed FHA Indemnification Rules Penalize Responsible Lenders http://ping.fm/gqzce

Managing Operational Risk in a New Era of Mortgage Lending http://ping.fm/CANUr

Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8

BofA Tells Fed It Fulfilled Final TARP Exit Condition, FT Says - Bloomberg http://ping.fm/tcmZo

MERS: The Mortgage Database That's Clouding Millions of Titles - DailyFinance

On Dec. 2, the House Judiciary Committee held a hearing on the mortgage mess. Perhaps the most disturbing testimony was the written submission from Christopher Petersen, associate dean for academic affairs and law professor at the University of Utah. Petersen detailed how the banks, Fannie Mae, Freddie Mac and Ginnie Mae destroyed America's land-record system, a method of tracking property sales that's existed since colonial times. Instead, they put in place a system called "MERS" (for Mortgage Electronic Registration Systems) that's legally shaky, makes tracking mortgage-note ownership extremely hard and may be clouding the title of millions of properties.

See full article from DailyFinance: http://ping.fm/l4tmd


From: http://ping.fm/ZEzBc

MERS: The Mortgage Database That's Clouding Millions of Titles - DailyFinance http://ping.fm/LjhJv

Become certified as a Forensic Loan Auditor. Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8

Regulatory Agencies Issue Final Appraisal and Real Estate Evaluation Guidelines http://ping.fm/RoS5n

GSE Reform and Securitized Mortgage Finance http://ping.fm/GQV4G

FHFA: Full Scope of Foreclosure Processing Problems Still Unknown http://ping.fm/dxPwF

Goldman mulling sale of Litton Loan Servicing unit: report | Reuters http://ping.fm/GVK5j

Foreclosure Discounts Fail to Woo Buyers - TheStreet http://ping.fm/fglrs

Counselors get a bailout, too | StarTribune.com http://ping.fm/oaTId

Originator Compensation Reform: Putting the Cart Before the Horse http://ping.fm/mfVNB

Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8

FDIC Chair and Others Testify on Loan Servicer Weaknesses and Potential Remedies http://ping.fm/R2qeQ

Become certified as a Forensic Loan Auditor. Training Course in Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8

Lapses in Foreclosure Documents Said to Cause ?Chaos? in Courts - BusinessWeek

Mortgage lenders and their servicers, by flooding courts with falsified foreclosure documents, have created chaos in the judicial system, housing lawyers told lawmakers.

“As we allow the mortgage loan industry to circumvent the rule of law, we show that corporate interests can get away with such massive dishonesty,” said Thomas A. Cox, a foreclosure- defense lawyer. “We thereby encourage more of it.”

Cox, who works for Maine Attorneys Saving Homes, a legal aid service in Portland, made his remarks in written testimony prepared for a House Judiciary Committee hearing on the causes of the foreclosure crisis. He and other witnesses scheduled to testify today described a chaotic system in which mortgage lenders routinely committed perjury and covered up mistakes.

From: http://ping.fm/5oNfN

Lapses in Foreclosure Documents Said to Cause ‘Chaos’ in Courts - BusinessWeek http://ping.fm/pyyEq

Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8

Pending Home Sales vs. Unemployment. NAR Wants "More Normal" UW Regs http://ping.fm/0IwaM

San Jose Woman Reclaims Illegally Foreclosed Property | Annuity News Journal http://ping.fm/GvcEj

Senate Banking Committee Examines Loan Servicing Problems http://ping.fm/xOnei

Fed to Name Recipients of $3.3 Trillion in Aid During Crisis - Bloomberg

The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression.

The Fed intends to post the data on its website at midday in Washington to comply with a provision in July’s Dodd-Frank law overhauling financial regulation. The information spans six loan programs as well as currency swaps with other central banks, purchases of mortgage-backed securities and the rescues of Bear Stearns Cos. and American International Group Inc.

From: http://ping.fm/bmKnB

Fed to Name Recipients of $3.3 Trillion in Aid During Crisis - Bloomberg http://ping.fm/8UIl9

Become certified as a Forensic Loan Auditor. Training Course in Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8

Residential Construction Spending Increased in October http://ping.fm/fbt5g

Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8

Freddie Mac Suspends Evictions During Holiday Season http://ping.fm/KsD2v

Refinance Apps Down Sharply. Purchase Demand Up as Rates Rise http://ping.fm/LJixY