Certified Forensic Loan Auditors, LLC: February 2012

Wednesday, February 29, 2012

Mortgage Securitization Auditor Training - 3 Day Class - March 23rd - 25th, 2012 - 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.
LEARN MORE & REGISTER ONLINE: http://ping.fm/5b3wi

CFLA Announces "Mortgage Regulatory Compliance Reports" Targeted at Government Sector
CFLA, Inc., a Mortgage Regulatory Compliance Firm, Announces County, State, and Federal Government program for "Mortgage Regulatory Compliance Reports" serving all Jurisdictions.
http://ping.fm/DT8Zc

LAST CHANCE ~ PRICE REDUCED! Nationally Recognized Forensic Loan Auditor Certification Training Class ~
March 2nd - 4th, 2012 in San Diego, CA
This is a comprehensive 3-day training course covering forensic loan auditing for possible violations of the Truth in Lending Act, Real Estate Settlement Procedures Act, Home Ownership Equity Protection Act, Fair Debt Collection Practices Act, and other pertinent State and Federal statutes and common law principles to look for in the loan documentation.
http://ping.fm/WmEmh

Goldman Sachs, Wells Fargo May Face SEC Charges Over Mortgage Bonds
Goldman Sachs Group Inc. (GS) and Wells Fargo & Co. (WFC) have been warned by federal regulators that they may face enforcement action related to their sales of mortgage-backed securities that played a major role in the 2008 financial crisis.
http://ping.fm/Q58Kb

Tuesday, February 28, 2012

Freddie Mac Announces Third $1 Billion Multifamily Securities Offering This Year, K-017
Freddie Mac (OTC: FMCC) today announced a new offering of Structured Pass-Through Certificates ("K Certificates"), which are multifamily mortgage-backed securities. The company expects to offer approximately $1.1 billion in K Certificates ("K-017 Certificates"), which are expected to price the week of February 27, 2012, and settle on or about March 20, 2012.
http://ping.fm/zNWt8

CFLA Offers Comprehensive Bloomberg Securitization Audit ~ Nation's Leader Since 2007 ~ Read Details Inside
http://ping.fm/SsIfC

Bank Of America's $8.5 Billion Mortgage Settlement Back In State Court
In a win for Bank of America Corp. (>> Bank of America Corp) and Bank of New York Mellon Corp. (>> The Bank of New York Mellon Corporation), an appeals court decided a $8.5 billion settlement reached with mortgage-backed securities investors should be a matter of state rather than federal court.
http://ping.fm/dqit3

Monday, February 27, 2012

Comprehensive Bloomberg ~ Securitization Audit ~ Nation's Leader Since 2007 ~ Read Details Inside
http://ping.fm/kQhUx

Bankruptcy CLE Seminar ~ March 31, 2012 ~ Las Vegas, Nevada with Charles W. Christmas, Jr., Esq.
Introduction to the Seminar and the Current State of the Mortgage Crisis; Background on How the Mortgage Crisis Occurred to Understand the Solutions; Difficulties with Past and Current Approaches to Civil Mortgage Litigation; Why Bankruptcy is the Legal Forum of Choice for Mortgage Litigation; Practical Requirements for Bankruptcy Mortgage Litigation; Surviving and Defeating the Motion to Lift Stay of Foreclosure Sale; Finding the Evidence to Win in Bankruptcy; Preparing for the Adversarial Hearing in Bankruptcy; The Adversarial Hearing in Bankruptcy; Quiet Title and the Importance of Res Judicata post Bankruptcy
REGISTER ONLINE: http://ping.fm/TNMmE

Examining Risk-taking Incentives of Bank CEOs Prior to Financial Crisis
In the wake of the financial crisis of 2008-09, public officials implemented policies to restrict and monitor the pay of the financial executives who “got us into this mess” with their “greed and excessive risk-taking.” Of course, these policies were based on the assumption that corporate risk-taking can be controlled by adjusting the incentives in executives’compensation contracts.
http://ping.fm/KvWOU

Proposed $8.5B BofA Mortgage Settlement Returned to State Court
Bank of America Corp won a victory when a U.S. appeals court ruled that a proposed $8.5 billion settlement with investors in mortgage-backed securities should be reviewed in New York state court, not federal court.
http://ping.fm/dM3CE

Friday, February 24, 2012

Wells Fargo Seeks to End Mortgage-Repurchase Duties as Trustee
Wells Fargo & Co.’s mortgage-bond trustee division is planning to hand its duties to investigate soured home loans and pursue lender repurchases to other companies, in a move meant to address the appearance of conflicts of interests, an executive said.
http://ping.fm/9KmaN

MBS 'Putback' Investors Target Big Issuers
State and federal officials will aggressively investigate misconduct in the bundling of mortgages into securities following a settlement with banks over foreclosure abuses, the New York and Delaware attorneys general said.
http://ping.fm/GBzw1

Thursday, February 23, 2012

PRICE REDUCED! Nationally Recognized Forensic Loan Auditor Certification Training Class ~
March 2nd - 4th, 2012 in San Diego, CA
This is a comprehensive 3-day training course covering forensic loan auditing for possible violations of the Truth in Lending Act, Real Estate Settlement Procedures Act, Home Ownership Equity Protection Act, Fair Debt Collection Practices Act, and other pertinent State and Federal statutes and common law principles to look for in the loan documentation.
http://ping.fm/fKrgM

GEORGIA: Invest in Georgia Promo Video - Best Scenery and Music!
Video: http://ping.fm/9EaS6

Discover Georgia Promo Video
Video: http://ping.fm/bvl8f

LAST CHANCE! Ambassador MSA Training Certification - 2 Day Class - February 25-26, 2012 - Las Vegas, NV (Tier 2)
Take your Securitization Education a step further, be brought up to speed on the industry’s most recent and important developments with continuing education, from CFLA’s leading experts. Learn how to find a trust, if the trust is not indicated on documents ~ How to find a trust, if the loan is not in foreclosure ~ Fannie/Freddie Trust Information ~ Bloomberg Training
REGISTER ONLINE: http://ping.fm/D298n

Mortgage Securitization Probe Expands
State and federal officials will aggressively investigate misconduct in the bundling of mortgages into securities following a settlement with banks over foreclosure abuses, the New York and Delaware attorneys general said.
http://ping.fm/GBKaJ

Wednesday, February 22, 2012

FHFA Submits Plan Envisioning GSE Drawdown, 'Market Of The Future'
The Federal Housing Finance Agency (FHFA) yesterday presented a plan to Congress that emphasizes the development of a new, unified secondary marketing platform that will accommodate private investors and minimize - or eliminate - the roles of government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae.
http://ping.fm/TZRQ0

Pimco Said to Quit Mortgage Bond Group
Pacific Investment Management Co. is quitting the American Securitization Forum (0150170D) after the trade group declined to issue a statement about investors’ views on the nationwide foreclosure settlement this month by five banks, two people with knowledge of the matter said.
http://ping.fm/0O6wM

Tuesday, February 21, 2012

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CFLA PRESS RELEASE ~ http://ping.fm/yi5iX

CFLA Offers Commercial Business Licenses to West Coast Markets
The Nation's Premier Forensic Loan Audit/ Mortgage Securitization Wholesaler and Loan Auditor Certification Training for Attorneys and Real Estate Professionals specializing in Mortgage Modification and Real Estate Law offers commercial business licenses to West Coast Markets.
http://ping.fm/86Qvd

Syncora Guarantee Sues EMC Over Mortgage-Backed Securities
New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.
http://ping.fm/MS1yX

Landmark Bankruptcy Decision ~ NY ~ MERS IS ILLEGAL ~ http://ping.fm/Ifyh5

Monday, February 20, 2012

Syncora Guarantee Sues EMC Over Mortgage-Backed Securities
Syncora Guarantee Inc. sued JPMorgan Chase & Co.’s EMC Mortgage unit over mortgage-backed securities, alleging fraud and breach of contract in a lawsuit filed in New York state court.
http://ping.fm/YV03f

Ambassador MSA Training Certification - 2 Day Class - February 25-26, 2012 - Las Vegas, NV (Tier 2)
Take your Securitization Education a step further, be brought up to speed on the industry’s most recent and important developments with continuing education, from CFLA’s leading experts. Learn how to find a trust, if the trust is not indicated on documents ~ How to find a trust, if the loan is not in foreclosure ~ Fannie/Freddie Trust Information ~ Bloomberg Training
REGISTER ONLINE: http://ping.fm/MqS5V

New York's U.S. Bankruptcy Court Rules MERS's Business Model Is Illegal
United States Bankruptcy Judge Robert Grossman has ruled that MERS's business practices are unlawful. He explicitly acknowledged that this ruling sets a precedent that has far-reaching implications for half of the mortgages in this country. MERS is dead. The banks are in big trouble. And all foreclosures should be stopped immediately while the legislative branch comes up with a solution.
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MSA (tier II) Training Class this weekend ~ http://ping.fm/Qplny

INDUSTRY REVOLUTIONIZING "Mortgage Backed Securities Analysis" http://ping.fm/ziMEK

Sunday, February 19, 2012

INDUSTRY REVOLUTIONIZING "Mortgage Backed Securities Analysis" http://ping.fm/ziMEK

Saturday, February 18, 2012

CONFESSIONS OF A ROBO SIGNER ~ http://ping.fm/TK3W6

Facts about BAD LOANS ~ http://ping.fm/Ktm9U

Mortgage Backed Securities Analysis http://ping.fm/Ys6B4

CFLA's Nationally Acclaimed Mortgage Due Diligence Services http://ping.fm/NFMou

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over 500 Graduates of Our Nationally Recognized (3 day) trasining classes http://ping.fm/1HZi7

Mortgage Securitization Auditor Training http://ping.fm/Xzsxo

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Friday, February 17, 2012

Read Details ~ New Obama Settlement Does Not Preclude Borrowers From Still Suing Banks & MERS
This Obama agreement will not stop you from filing your individual lawsuit in reference to any of the fraud involved in your particular case. Scroll down to the 16th paragraph, the last 2 sentences about filing individual lawsuits and MERS. This agreement between Obama and the banks only makes the banks admit to the fraud and could hurt them and not help them. It will help the banks if you the homeowner accept the agreement.
http://ping.fm/xFmAv

How Citibank Dumped Lousy Mortgages on the Government
Citigroup agreed yesterday to pay $158 million to settle a lawsuit over bad loans that the bank passed on to the Federal Housing Administration to insure. The whistle-blower who originally brought the case, Sherry Hunt, an employee of Citi's mortgage department, said the company actively undermined the process that was supposed to check for fraud in order to push through reckless loans and get higher profits.
http://ping.fm/BfGv1

Freddie Mac pitches REO plan to mortgage-bond investors
Freddie Mac has begun talks with institutional mortgage-bond investors interested in buying hundreds of distressed single-family residential properties across the US in order to convert them to rental units, according to people with knowledge of the discussions.
http://ping.fm/CRSf4

Bank Mortgage Probes Will Proceed, New York and Delaware Say
State and federal officials will aggressively investigate misconduct in the bundling of mortgages into securities following a settlement with banks over foreclosure abuses, the New York and Delaware attorneys general said.
http://ping.fm/KP7sA

Thursday, February 16, 2012

JPMorgan, HSBC, Deutsche Bank, Synccora, BofA, Citigroup in Court News
Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives globally, three people with knowledge of the inquiry said.
http://ping.fm/kDH6v

BofA Mortgage Securities Case Still Winding Its Way Through Courts
Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp.’s mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case.
http://ping.fm/nbpZB

Wednesday, February 15, 2012

BofA Seeks to Change Venue on $8.5 Billion Mortgage Deal
Bank of America Corp. and a group of investors that reached an $8.5 billion mortgage-bond settlement with the bank are seeking to overturn a ruling that kept the deal before a federal judge for review.
http://ping.fm/ziQTK

Tuesday, February 14, 2012

Wisconsin joins $25 billion mortgage settlement
On February 9, 2011, at a press conference in Washington D.C., an historic $25 billion settlement agreement involving the mortgage servicing industry was announced.
http://ping.fm/k5Y5O

Banks May Need to Invite in Mortgage Abuse Task Force
Announcing the $25 billion settlement over foreclosure practices last week, President Obama made a point of reminding everyone his administration recently created a task force to investigate possible misconduct by banks involved in mortgage origination and securitization.
http://ping.fm/U9IV4

Monday, February 13, 2012

CFLA Announces New Program for Attorney Sponsorship on Industry's Top-Rated Website
Certified Forensic Loan Auditors announces its new "Attorney Profile Sponsorship" on its top rated website www.CertifiedForensicLoanAuditors.com, receiving more than 10,000 views daily, and has more than 7,500 back links directed to its source. Attorneys can now obtain sponsorship per click rates or general monthly sponsorship on the CFLA site.
http://ping.fm/vQBhA

Bank's mortgage registry under increasing scrutiny
Mortgage Electronic Registration System (MERS) Inc. wasn't a party to the federal-state foreclosure settlement with five big banks this week, but its practices have raised the ire of county registrars.
http://ping.fm/Bq0Ej

Is the $25 Billion Foreclosure Settlement a Stealth Bank Bailout?
Thursday’s $25 billion foreclosure settlement received praise from some consumer groups, but the reaction was not all positive. One detail of the deal that has raised questions and concerns is reports that the five major U.S. banks will get credit for principal reduction of mortgages they do not own. While the fine print of the plan has yet to be released, mortgage investors fear they will be forced to write down the value of their holdings.
http://ping.fm/HXnza

Friday, February 10, 2012

Duplicitous Mortgage Settlement Deal
What major media scoundrels call relief is, in fact, business as usual coverup and fraud. Ellen Brown 's important writing explained. Obama pushed hard to get state attorneys general to settle for a fraction of stolen wealth, but it's worse than that. More on the announced deal below.
http://ping.fm/Srz0D

Obama Settlement Does Not Preclude You From Suing Banks

This Obama agreement will not stop you from filing your individual lawsuit in reference to any of the fraud involved in your particular case. Scroll down to the 16th paragraph, the last 2 sentences about filing individual lawsuits and MERS. This agreement between Obama and the banks only makes the banks admit to the fraud and could hurt them and not help them. It will help the banks if you the homeowner accept the agreement.

Read More: http://ping.fm/Mr39F

Bank of America Announces Hiring for Certified Forensic Loan Auditors (i.e. Quality Control Auditors) from CFLA Class
March 2nd - 4th, 2012 in San Diego, CA
This is a comprehensive 3-day training course covering forensic loan auditing for possible violations of the Truth in Lending Act, Real Estate Settlement Procedures Act, Home Ownership Equity Protection Act, Fair Debt Collection Practices Act, and other pertinent State and Federal statutes and common law principles to look for in the loan documentation.
http://ping.fm/krfYv

US banks still face legal claims after settlement
A landmark $25 billion settlement over foreclosure abuses will allow large banks to resolve one piece of their mortgage-related problems. But it still leaves them exposed to a wide range of lawsuits and other claims related to the housing crisis.
http://ping.fm/MBfUS

Thursday, February 9, 2012

US AG Holder: $25b Agreemnt Doesn't Mean No Criminal Investigations
U.S. Attorney General Eric Holder Thursday confirmed the $25 billion settlement between government officials and five of the United States' major banks related to foreclosure abuses, but warned this agreement from does not prevent authorities from pursuing separate criminal investigations.
Read More: http://ping.fm/UEf1L

LAST CHANCE! "Quiet Title Workshop BAR APPROVED CLE" ~ Atlanta, GA with Regis P Sauger, 02/11/12
Understanding Quiet Title is the key to success in fighting illegal foreclosure cases from the bank. This is the ONLY course of it's kind, and has been approved by The FLORIDA BAR for attorneys to receive continuing education credits (Course ID 86101, 14C.L.E.R.), as well as being approved by the Nevada, Georgia, and Wisconsin Bars, with several other states pending. Are you ready to become one of the pioneers of a program that is currently shocking banks around the nation? Are you ready to make a difference?
REGISTER ONLINE & LEARN MORE:
http://ping.fm/JQnjG

Florida joins multi-state mortgage settlement, grabs $8.4 billion for homeowners
The details of the $25 billion multi-state mortgage settlement have been released, and Florida is a top beneficiary of settlement money. Florida homeowners will receive an estimated $8.4 billion in relief in the form of principal reductions, mortgage refinancings, loan modifications and cash payments for those who lost their homes.
http://ping.fm/pfsIe

Wednesday, February 8, 2012

Attorney General announces major lawsuit
Attorney General Eric T. Schneiderman has filed a lawsuit against several of the nation’s largest banks charging that the creation and use of a private national mortgage electronic registry system known as MERS has resulted in a wide range of deceptive and fraudulent foreclosure filings in New York state and federal courts, harming homeowners and undermining the integrity of the judicial foreclosure process.
READ MORE: www.CertifiedForensicLoanAuditors.com

5 Booming Bank Stocks Poised to Fall
After the amazing year-to-date run for bank stocks through last Friday’s strong employment report, which, according to Deutsche Bank analyst Greg Poole provided “further evidence the economy is entering into a self-sustaining, self-reinforcing expansion whereby rising job growth creates the requisite income to fuel consumer spending,” the market’s eyes this week will turn back to the dreadful mortgage mess.
READ MORE: www.CertifiedForensicLoanAuditors.com

Nationally Recognized Forensic Loan Auditor Certification Training Class ~
March 2nd - 4th, 2012 in San Diego, CA
This is a comprehensive 3-day training course covering forensic loan auditing for possible violations of the Truth in Lending Act, Real Estate Settlement Procedures Act, Home Ownership Equity Protection Act, Fair Debt Collection Practices Act, and other pertinent State and Federal statutes and common law principles to look for in the loan documentation.
http://ping.fm/6633f

Tuesday, February 7, 2012

N.Y. AG's new MERS suit: Where are the MBS investors?
After New York Attorney General Eric Schneiderman filed his new complaint against JPMorgan Chase, Bank of America, Wells Fargo, and the Mortgage Electronic Registry System, I got an email from the AG's spokesman. "Looking forward to your story on the MERS lawsuit in the wake of your inaccurate conjecture this week," it said, referring to my column expressing skepticism that the recently-announced joint mortgage-backed securities task force will accomplish more than the individual task force members have.
http://ping.fm/muuzV

LAST CHANCE! Mortgage Securitization Auditor Training - 3 Day Class - February 17th - 19th, 2012 - Atlanta, GA
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.
LEARN MORE & REGISTER ONLINE: http://ping.fm/kyetV

$698 Million Class Can Sue Goldman
A $698 million class action against Goldman Sachs will proceed, after a federal judge certified a class arising "out of a single offering ... of certificates derived from a pool of securitized fixed-rate, second-lien home mortgages."
http://ping.fm/WdK2a

Monday, February 6, 2012

Mortgage Securitization Auditor Training - 3 Day Class - February 17th - 19th, 2012 - Atlanta, GA
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.
LEARN MORE & REGISTER ONLINE: http://ping.fm/KRK9O

NY AG Schneiderman sues banks, accusing them of deceit in use of electronic mortgage registry
New York’s attorney general on Friday accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.

READ MORE: www.CertifiedForensicLoanAuditors.com

Sunday, February 5, 2012

Friday, February 3, 2012

NY Attorney General Slaps Fresh Mortgage Lawsuits On BofA, JPMorgan, Wells Fargo
When it rains it pours, they say, and when it comes to banks and the mortgage mess it has been pouring for five years straight. The latest storm comes from the office of New York State Attorney General Eric Schneiderman, which charged several major U.S. banks with executing a range of “deceptive and fraudulent” foreclosure filings through the creation and use of MERS, a private national mortgage electronic registry system.

READ MORE: http://ping.fm/ArUFx

"Quiet Title Workshop BAR APPROVED CLE" ~ Atlanta, GA with Regis P Sauger, 02/11/12
Understanding Quiet Title is the key to success in fighting illegal foreclosure cases from the bank. This is the ONLY course of it's kind, and has been approved by The FLORIDA BAR for attorneys to receive continuing education credits (Course ID 86101, 14C.L.E.R.), as well as being approved by the Nevada, Georgia, and Wisconsin Bars, with several other states pending. Are you ready to become one of the pioneers of a program that is currently shocking banks around the nation? Are you ready to make a difference?
REGISTER ONLINE & LEARN MORE:
http://ping.fm/pGuPv

Freddie Mac’s Regulator Says Trades Were Shut Down Because They Were “Risky”
Freddie Mac’s regulator gave new detail today on why it halted the company’s controversial trades in complex mortgage-backed securities last year. In a letter to Senator Robert Casey (D-Pa), the Federal Housing Finance Agency said the trades were risky and required specialized risk management.

READ MORE: http://ping.fm/LZNBh

Thursday, February 2, 2012

New task force to investigate mortgage-backed securities
Back in April of last year, we reported on the case of Charlie Engle, a professional ultra-marathoner who had been convicted and sentenced to prison time for lying on mortgage applications. It was a story originally reported on by New York Times columnist Joe Nocera, who questioned why the government had gone to such great lengths to prosecute Engle, while the lenders and banks responsible for the subprime mortgage crisis had not faced criminal punishment.
http://ping.fm/Vxn9u

Wednesday, February 1, 2012

Getting to the Bottom of the Housing Crisis
Talk about critical timing. President Barack Obama’s newly formed mortgage crisis working group within the Department of Justice is charged with investigating fraud in the home mortgage market that led to the housing and financial crises and the Great Recession.

READ MORE: www.CertifiedForensicLoanAuditors.com

Certified Forensic Loan Auditors, LLC