Monday, April 30, 2012

Freddie Mac Announces Sixth $1 Billion Multifamily Securities Offering This Year, K-018
Freddie Mac FMCC -1.04% today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), which are multifamily mortgage-backed securities. The company expects to offer approximately $1 billion in K Certificates ("K-018 Certificates"), which are expected to price the week of April 30, 2012, and settle on or about May 22, 2012.
http://www.certifiedforensicloanauditors.com/articles/04.12/freddie-mac-announces-sixth-1-billion-dollar-multifamily-securities.html
Counties Sue Mortgage Recording Company
Several area counties are among the plaintiffs in a federal lawsuit alleging a company that alleges a company that operates a private mortgage recording registry and was formed to facilitate the trading of mortgage-backed securities deprived Kentucky counties of millions in unpaid fees for mortgage assignments.
http://ping.fm/HBprc
Learn How to Perform a Mortgage Securitization Analysis/ Audit (3 day class) May 25th - 27th, Las Vegas, NV
Certified Forensic Loan Auditors, LLC. has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
http://ping.fm/eR3p0
The Retreat of Housing’s Greatest Ally
If you have an interest in Canadian residential real estate, you’ll want to understand what happened on Friday. In a series of interviews, Finance Minister Jim Flaherty stunned us all by alluding to far-reaching changes to the foundation of Canada’s housing market.
http://ping.fm/KXIf1

Friday, April 27, 2012

CFLA's Study-at-Home Education Package
Entire Education Package for Sale until 05/31/12 for ONLY $995.00

As a result of popular demand, CFLA is introducing the EDUCATION PACKAGE for Professionals wanting to (1) get additional training, or (2) train from home. This package is designed to give Practicing Attorneys and Real Estate professionals the most current information possible in the Foreclosure Defense Industry. Learn from the Industry’s Leading Experts in this field on topics including: History of Securitization, Securitization in Litigation, Foreclosure Defense Strategies, Quiet Title, UCC Code, Federal Tax Codes, How to help your clients with their credit, How to utilize BK in Foreclosure Defense, how to perform securitization audits, how to perform forensic loan audits, and much more....
http://ping.fm/TkKwm
The Coming Mexican Housing Boom
Mexico's inflation subsiding to just 3.7% and a more stable banking environment will allow the country's largest mortgage provider to offer fixed-rate loans for the first time in June. The state-controlled Infonavit will offer 30-year mortgages to homeowners and plans to issue mortgage-backed securities (MBS) in pesos next year.
http://www.certifiedforensicloanauditors.com/articles/04.12/the-coming-mexican-housing-boom.html

Wednesday, April 25, 2012

Home Prices to Bottom in These 19 Markets in 2012
Home prices in a majority of the markets covered in Zillow’s Home Value Forecast are set to bottom this year — if they haven’t already, according to a Zillow report released on Wednesday.
http://ping.fm/qXfCL
CFLA EDUCATION PACKAGE

Entire Education Package for Sale until 05/31/12 for ONLY $995.00

As a result of popular demand, CFLA is introducing the EDUCATION PACKAGE for Professionals wanting to (1) get additional training, or (2) train from home. This package is designed to give Practicing Attorneys and Real Estate professionals the most current information possible in the Foreclosure Defense Industry. Learn from the Industry’s Leading Experts in this field on topics including: History of Securitization, Securitization in Litigation, Foreclosure Defense Strategies, Quiet Title, UCC Code, Federal Tax Codes, How to help your clients with their credit, How to utilize BK in Foreclosure Defense, how to perform securitization audits, how to perform forensic loan audits, and much more....
http://ping.fm/9hN66
Learn How to Perform a Mortgage Securitization Analysis/ Audit (3 day class) May 25th - 27th, Las Vegas, NV
Certified Forensic Loan Auditors, LLC. has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
http://ping.fm/GGpAC
After the Fall: Have Government Programs Helped Ailing Housing Market?
Tonight, we look at the housing news as we begin a series, "After the Fall," on how Wall Street, the economy, and financial regulation have changed since the crisis of 2008.
http://ping.fm/GF1qY

Tuesday, April 24, 2012

Mortgage Defense and the Law of Restitution; http://ping.fm/DK6Xx
Mortgage Defense and the Law of Restitution
Wanton and willful financial misconduct in the origination, securitization, servicing and foreclosure of a mortgage debt will not bar collection and enforcement of the debt. Notwithstanding the creditor’s misconduct, the sanctity of debt is the controlling and paramount variable. Judges believe that absent strict enforcement of the obligation to repay debt, the engine of commerce will grind to a halt without lubrication of the gears with commercial credit. Courts throughout the country faced with the choice of enforcing rules or protecting the flow of commercial credit have overwhelmingly found it in the public interest to enforce debt.
http://ping.fm/RDT1z
Learn How to Perform a Mortgage Securitization Analysis/ Audit (3 day class) May 25th - 27th, Las Vegas, NV
Certified Forensic Loan Auditors, LLC. has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
http://ping.fm/kiMIx
On United Front, Group Seeks Mortgage Answers from CFPB
An extensive group of more than 30 different associations, consumer and civil rights advocates, lenders and others came together this week in a letter to Consumer Financial Protection Bureau chief Richard Cordray imploring the CFPB to broadly define the term “qualified mortgage,” or “QM,” as part of the CFPB’s pending Ability to Repay regulation.
http://ping.fm/XNbyy

Monday, April 23, 2012

Coming to Los Angeles - July 21, 2012 - "Mortgage Securitization in Litigation" (Bar Pending Approval 6 HR MCLE)
http://ping.fm/4qRG2
Obama's Mortgage Task Force: Working Hard or Hardly Working?
Maybe you're reading about it less and less. It doesn't seem to be the lead story on many national news broadcasts anymore. But it's still there, festering away like an untreated wound.
http://ping.fm/LuArk
LAST CHANCE! Coming to Los Angeles April 28, 2012 - "Mortgage Securitization in Litigation" (Bar Pending Approval 6 HR MCLE)
http://ping.fm/vGGCQ
The Bankers' Subversion of the Rule of Law, Notary and Land Records edition
One way to see the double standard at the heart of the foreclosure fraud—one set of laws for the bailed out banks, one for the rest of us—is to focus on the role of notaries public, and then consider that role in light of what our Supreme Court said about notaries in 1984, in a case called Bernal v. Fainter, Secretary of State of Texas.
http://ping.fm/kAp6S

Friday, April 20, 2012

MGIC Dodges Claims of Misleading Investors
Finding no evidence of fraud, the 7th Circuit tossed claims that a mortgage insurance company inflated its share price through false and misleading statements.
http://ping.fm/mqKEx
Coming to Los Angeles April 28, 2012 - "Mortgage Securitization in Litigation" (Bar Pending Approval MCLE)
Certified Forensic Loan Auditors, LLC Announces "Mortgage Securitization in Litigation" - A State Bar Approved Attorney MCLE (6 hour) class in Los Angeles, CA on April 28, 2012 with presenter, Timothy L. O'Reilly, Esq.
http://ping.fm/eFuQa
Behind the Securitization Curtain – 21st Century Mortgage Casino
The turn of the century mortgage lending fiasco was built like a 21st Century casino. The entire scheme started with the homeowner who wanted to buy a home or refinance at unbelievable interest rates… too good to be true… and they were!
http://ping.fm/318lo

Thursday, April 19, 2012

Complete Quiet Title Package
CFLA's "Quiet Title Package" is cutting edge work product developed by the Nation's Most Well Respected Attorneys in the Foreclosure Defense industry.
http://ping.fm/PNuNb
The Real Foreclosure Fraud Story: Corruption of the Land Title System
George Zornick carries a rebuttal from Eric Schneiderman’s team on yesterday’s damaging expose of the securitization fraud working group. Here's what it has to say.
http://ping.fm/J5QuF
Continued Deceptive Marketing Shows Need for Cop on the Beat
Hooray for the State of Hawaii for protecting its residents from the questionable credit card marketing practices of the Too-Big-To-Behave banks.
http://ping.fm/xZwRY
Cordray's attorneys: Complaint good enough in market collapse case
The state of Ohio's complaint against the three major credit rating agencies, rejected by a lower court judge, provides at least a "plausible" basis for relief, attorneys hired by the State argued in a brief Monday.
http://ping.fm/CNrED
CFLA Announces QUIET TITLE Packages Starting at $1,000.00 Wholesale
CFLA's "Quiet Title Package" is cutting edge work product developed by the Nation's Most Well Respected Attorneys in the Foreclosure Defense industry.
http://ping.fm/PblLC

Wednesday, April 18, 2012

Mortgage Securitization is Still a Major Problem for Homeowners, Whistleblower Says

Lan Pham, a former economist for the Congressional Budget Office is continuing to question if the agency diminished or denied the issue of how widespread foreclosure fraud, mortgage fraud and problems with mortgage securitization is. Pham worked for the Congressional Budget Office for a mere 2 and a half months before being fired in December 2010 after she provided an analysis regarding the depth of problems with mortgage-backed securities and robo signing that displeased her bosses.
http://ping.fm/wjqu5
Class Action Suit Filed Against Aurora Loan and HSBC Bank (Both MERS) in California Against Fraudulent Foreclosures

Lenore Albert, Interactive Counsel, an attorney in California and I have corresponded for about 2 years now. She started Class Action suits in California against Aurora Loan last year. The first one, did not go far.
http://ping.fm/Sw7rV
Growing Worries over Sub-Prime Mortgages in Canada
The large Canadian banks have always lent responsibly, and even now are tightening lending conditions, but this doesn’t appear to be the case with Canada’s growing sub-prime mortgage industry.
http://ping.fm/9H32J
Ambassador MSA Training Certification (Tier II)
This is a comprehensive 2-day training course that is designed to enhance the MSA training course (24 hours). You will learn from our leading experts and be caught up to speed on the latest developments in the Securitization field.
http://ping.fm/Lt8hF

Tuesday, April 17, 2012

Learn How to Perform a Mortgage Securitization Analysis/ Audit (3 day class) April 20th-22nd, Las Vegas, NV
Certified Forensic Loan Auditors, LLC. has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
http://ping.fm/LKlDX
Our Most Overregulated Underregulated Industry
The Securities Act of 1933 is one of the most elegant and successful pieces of complex legislation in history. In less than 60 pages it constructed a regulatory framework that would allow Wall Street to survive its self-immolation and re-emerge as the engine of Western capitalism.
http://ping.fm/SiuOP
'Shadow Banks' Did Not Do It And Are Not The Problem
An article on SA called Beware the Rebirth of the Shadow Banking System requires that I explain why such warnings are hogwash that is foisted on the public by banks that want to keep the competition from competing-and by the banks' dupes or apologists.
http://ping.fm/IELKq
Coming to Los Angeles April 28, 2012 - "Mortgage Securitization in Litigation" (Bar Pending Approval MCLE)
Certified Forensic Loan Auditors, LLC Announces "Mortgage Securitization in Litigation" - A State Bar Approved Attorney MCLE (6 hour) class in Los Angeles, CA on April 28, 2012 with presenter, Timothy L. O'Reilly, Esq.
http://ping.fm/XvDZ9

Monday, April 16, 2012

Ambac Sues Bank of America Over Mortgage-Based Securities

Read more: http://ping.fm/eVMWs
http://ping.fm/yBYnD
What is MERS and what is its role in foreclosure[s] ? ? ?http://ping.fm/LCkSu
Watch Out for Bankers' Wrath As Families Live Under One Roof
The bankers are up in arms. Household formation is what makes bankers lust for profit. It is ready made debt strapped to the bodies of the populace, with the profits going to Wall Street.
http://ping.fm/CAuVb
Ambac Sues Bank of America Over Mortgage-Based Securities
Ambac Assurance Corp. sued Bank of America Corp. in New York state court, accusing the company of breach of contract over a mortgage-backed securitization sponsored by its Merrill Lynch unit.
http://ping.fm/h7uXq
Learn How to Perform a Mortgage Securitization Audit (April 20th -22nd, 2012) in Las Vegas, NV. http://ping.fm/3kWfO
Certified Forensic Loan Auditors Newsletter and Industry Update | April 16, 2012
http://ping.fm/DzVIy
What is MERS and what is its role in foreclosures?
As probably the only attorney in Massachusetts that has specifically limited my practice to the defense of mortgage foreclosure over the past 7 years, I frequently encounter this very familiar question, “So what is this MERS who owned my mortgage, and now sold my mortgage to some bank or trust that is now seeking to foreclose on me?” A very tricky, and complicated, question indeed.
http://ping.fm/h6s5Y
Congressman Miller calls for bank reform
The 2008 financial crisis was caused by a number of failures in both the private and public sectors, and those failings have not been fully addressed, Rep. Brad Miller, D-N.C. said Thursday.
http://ping.fm/wgxsE

Sunday, April 15, 2012

CFLA introduces new CREDIT DEFAULT SWAP INSURANCE Reports http://ping.fm/aPnck

Friday, April 13, 2012

Learn How to Perform a Mortgage Securitization Analysis/ Audit (3 day class) April 20th-22nd, Las Vegas, NV
Certified Forensic Loan Auditors, LLC. has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
http://ping.fm/v5a8j
Coming to Los Angeles April 28, 2012 - "Mortgage Securitization in Litigation" Bar Approved MCLE
Certified Forensic Loan Auditors, LLC Announces "Mortgage Securitization in Litigation" - A State Bar Approved Attorney MCLE (6 hour) class in Los Angeles, CA on April 28, 2012 with presenter, Timothy L. O'Reilly, Esq.
http://ping.fm/0WiBU
Justice Department Responds on Securitization Fraud Task Force
The Justice Department has responded to allegations that they have not staffed the RMBS working group, the division within their financial fraud task force co-chaired by Eric Schneiderman which is supposed to investigate and prosecute banks for securitization fraud.
http://ping.fm/VpaVa
Banks will Barely Feel a Cut in Federal Mortgage Support
The market is still waiting to hear whether Finance Minister Jim Flaherty will - as many on Bay Street expect - restrict the ability of the banks to use insured mortgages in their covered bond programs.
http://ping.fm/tWzl2

Thursday, April 12, 2012

Credit Default Swap Analysis
Another amazing product from CFLA! The Credit Default Swap Analysis will highlight and break down all of the information on your Client’s Loan regarding Credit Default Swap. You will be able to earn insight on who the “Swap Counterparty” is, involved with the REMIC that the loan is located in. You will also gain knowledge about how the CDS policies work and how they can affect your client.

http://ping.fm/ITN3h
The Rise of Ginnie Mae
It has been more than five years since Ginnie Mae entered the reverse mortgage market with its Home Equity Conversion Mortgage mortgage-backed security (HMBS). The Ginnie Mae HMBS program has had a significant impact on our industry by generating liquidity and a long-term option for secondary market execution.
http://ping.fm/5UneZ
NY Pushes Objection to BofA $8.5 Billion Mortgage Pact
Bank of America Corp's proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York's attorney general, who said the accord appears unfair to investors who may deserve to recover more.
http://ping.fm/3keFh

Wednesday, April 11, 2012

IMF: HAMP Was Not Designed To Succeed
Problems in the design of the Home Affordable Modification Program (HAMP) have resulted in a "disappointing performance," according to a new report issued by the International Monetary Fund (IMF).
http://ping.fm/y9QQS
Credit Default Swap Analysis
Another amazing product from CFLA! The Credit Default Swap Analysis will highlight and break down all of the information on your Client’s Loan regarding Credit Default Swap. You will be able to earn insight on who the “Swap Counterparty” is, involved with the REMIC that the loan is located in. You will also gain knowledge about how the CDS policies work and how they can affect your client.
http://ping.fm/sgL0i
Bank of America Sues Itself in Unusual Foreclosure Case
Bank of America is suing itself for foreclosure. "It's crazy," housing data analyst Michael Olenick told HuffPost. "They shouldn't be suing themselves." Over the past two years, the nation's largest banks and the Obama administration have repeatedly vowed to clean up the foreclosure fraud mess. In February, banks agreed to pay $25 billion and overhaul their foreclosure processes as part of a 50-state investigation into bank wrongdoing, resulting from practices that included robo-signing.
http://ping.fm/Gd5j1

Tuesday, April 10, 2012

http://ping.fm/ehqfc
IMF: HAMP Was Not Designed To Succeed
Problems in the design of the Home Affordable Modification Program (HAMP) have resulted in a "disappointing performance," according to a new report issued by the International Monetary Fund (IMF).
http://ping.fm/3oLiq
Learn How to Perform a Mortgage Securitization Analysis/ Audit (3 day class) April 20th-22nd, Las Vegas, NV
Certified Forensic Loan Auditors, LLC. has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
http://ping.fm/qqBUy
Coming to Los Angeles April 28, 2012 - "Mortgage Securitization in Litigation" Bar Approved MCLE
Certified Forensic Loan Auditors, LLC Announces "Mortgage Securitization in Litigation" - A State Bar Approved Attorney MCLE (6 hour) class in Los Angeles, CA on April 28, 2012 with presenter, Timothy L. O'Reilly, Esq.
http://ping.fm/P7axn

Monday, April 9, 2012

CFLA Introduces New Mortgage Backed Securities Pre Litigation Analysis Starting at $500 per file
CFLA, the Nation's Leading Experts on Mortgage Securitization Since 2007, introduces the most comprehensive Bloomberg Securitization & Title Report on the Market.
http://ping.fm/QG3uG
Learn How to Perform a Mortgage Securitization Analysis/ Audit (3 day class) April 20th-22nd, Las Vegas, NV
Certified Forensic Loan Auditors, LLC. has created a comprehensive training certification program entitled: Mortgage Securitization Auditor "MSA"- A 24-hour in-person intensive seminar held across the country.
http://ping.fm/dIU6M
Coming to Los Angeles April 28, 2012 - "Mortgage Securitization in Litigation" Bar Approved MCLE
Certified Forensic Loan Auditors, LLC Announces "Mortgage Securitization in Litigation" - A State Bar Approved Attorney MCLE (6 hour) class in Los Angeles, CA on April 28, 2012 with presenter, Timothy L. O'Reilly, Esq.
http://ping.fm/14RXk
CREDO Calls Out Securitization Fraud Task Force: Investigators Not Even Deployed
CREDO, the online progressive organizing group, alleges in a new email to supporters that the Justice Department has not delivered the promised (and paltry) number of 55 staff members to the RMBS working group, the task force co-chaired by New York Attorney General Eric Schneiderman to investigate the mortgage securitization practices of the leading banks.
http://ping.fm/USkN4
Learn How to Perform a Mortgage Securitization Audit (3-Day Class) April 20th -22nd, 2012 ~ http://ping.fm/WJ2Rm
Quiet Title Lawsuits by Attorney $1,000.00 (includes Securitization Audit and all Legal Pleadings http://ping.fm/qpiYq

Sunday, April 8, 2012

Shhhh... Quiet Title Lawsuits Starting at $1,000 (Securitization Audit and all Legal Pleadings) http://ping.fm/rTUb6

Friday, April 6, 2012

CFLA's Mortgage-Backed Securities Analysis is cutting edge work product developed by the Nation's Most Well Respected Attorneys in the Foreclosure Defense industry, and utilizes the specially licensed BLOOMBERG TERMINAL Software developed for CFLA.
http://ping.fm/iTlhX
CFLA's "Quiet Title Package" is cutting edge work product developed by the Nation's Most Well Respected Attorneys in the Foreclosure Defense industry.
http://ping.fm/pnFKT
Former Franklin Bank executives charged with fraud
The government charged two former executives of Franklin Bank Corp, a Houston-based lender founded by a mortgage bond pioneer, with a fraudulent scheme to conceal how badly the bank was doing during the height of the financial crisis. The U.S. Securities and Exchange Commission on Friday said former Franklin chief executive Anthony Nocella and the bank's former chief financial officer, J. Russell McCann, inflated the bank's reported earnings and tried to conceal its loan quality during the second half of 2007.
http://ping.fm/PV2ok
Mortgage Securitization by CFLA "Ambassador MSA Graduate Dr. Kenneth Lehrer" http://ping.fm/qngx3

Thursday, April 5, 2012

N.Y. Regulators Deepen Force-Placed Insurance Investigation
New York state regulators are calling on insurers to justify the rates they change for force-placed insurance coverage and say there is evidence of conflict of interest between bankers and insurers.
http://ping.fm/ikaip
Sad Story ~ They take half our money by way of taxes, and when we try to give away what is left, they take that too!!!! http://ping.fm/OiUPR

Wednesday, April 4, 2012

http://ping.fm/sV4TZ
http://ping.fm/lUMKq
http://ping.fm/JpgcI
http://ping.fm/Pegob
Fitch: CMBS defaults dropped 38% in 2011
Defaults within commercial mortgage-backed securities dropped 38% in 2011 from the year before, according to Fitch Ratings. Roughly 950 loans totaling $13.7 billion defaulted, down from nearly 1,500 loans worth $22.1 billion the year before. The annual default rate was 2.4% in 2011, nearly half the 4.1% rate the year before, Fitch said.
http://www.certifiedforensicloanauditors.com/articles/04.12/fitch-cmbs-defaults-dropped-38-percents-in-2011.html
Americans brace for next foreclosure wave
Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low.
http://ping.fm/8JOQw
JPMorgan Sued by Ambac Assurance Over Mortgage-Backed Securities
Ambac Assurance Corp. sued JPMorgan Chase & Co. (JPM), accusing the company’s EMC Mortgage and Bear Stearns units of fraud and breach of contract over the sale of mortgage-backed securities.
http://ping.fm/ix6yR

Tuesday, April 3, 2012

STATE BAR SPONSORED MCLE ~ Mortgage Securitization in Litigation ~ Attorney MCLE 6 HRs ~ April 28, 2012 ~ Los Angeles, CA ~ Timothy L. O'Reilly, Esq.
http://ping.fm/KTlHk
CFLA Announces QUIET TITLE Packages Starting at $1,000.00 Wholesale
This package is designed to take an attorney through the Demurrer stage of litigation, using valid causes of action brought about through the auditing process. The goal of CFLA's Quiet Title Package is to get into Discovery and come to reasonable terms on the loan for the Borrower.
http://ping.fm/lTVab

Monday, April 2, 2012

STATE BAR SPONSORED MCLE "Mortgage Securitization in Litigation & Bankruptcy Practice"
DVD Now Available: http://ping.fm/vGt3H
CFLA introduces the MORTGAGE BACKED SECURITIES ANALYSIS ~ Wholesale Rates Staring at $500.00 per file, will include all of the following: (1) Bloomberg Screen Shots for the Loan, (2) Breakdown and Explanation of the Bloomberg Screen Shots, (3) Full Title Report [transfer/conveyance info from origination to foreclosure]; (4) ALL RECORDED DOCS ON THE PROPERTY ~ CALL US TODAY at 888-758-CFLA (2352) ~ http://ping.fm/dShck
Mortgage Securitization in Litigation ~ Attorney MCLE 6 HRs ~ April 28, 2012 ~ Los Angeles, CA with Timothy L. O'Reilly, Esq.
Pre-Litigation, Litigation, Non-Judicial Foreclosure, Litigation – Ownership/Title – CA, Litigation – Possession/Unlawful Detainer – CA, Protecting Tenants At Foreclosure Act, Ethics, Fee Agreement, Bankruptcy/Credit Repair, and so much more!
Register online: http://ping.fm/mEMIL
Goldman, Landesbank argue CDOs in US appeals court
A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc and TCW Asset Management Co should have foreseen the housing market implosion that caused a $37 million loss for German state-owned Landesbank Baden-Wurttemberg.
http://ping.fm/pMNwK