Friday, December 31, 2010
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…
Thursday, December 30, 2010
Wednesday, December 29, 2010
Tuesday, December 28, 2010
Monday, December 27, 2010
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
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
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
Thursday, December 23, 2010
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
Wednesday, December 22, 2010
Allentown: Bankrupt video store chain Blockbuster closing 182 stores - mcall.com http://ping.fm/jpoNY
Tuesday, December 21, 2010
California Coastal Communities Files Consensual Plan of Reorganization to Exit from Bankruptcy http://ping.fm/Cwu7t
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
From: http://ping.fm/XfvUJ
Monday, December 20, 2010
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
Related
*
Times Topic: Gretchen Morgenson
Add to Portfolio
* Goldman Sachs Group Inc
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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
Intro to Securitization (free webinar) hosted by Certified Forensic Loan Auditors, LLC - Register today! http://ping.fm/u1ggT
Friday, December 17, 2010
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
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
Thursday, December 16, 2010
ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Jan 7-9, 2010 - http://ping.fm/v2Duy
Foreclosures intrigue homebuyers, but risks may prevent a deal | LoanWorkout.org http://ping.fm/mM1J1
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
Wednesday, December 15, 2010
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
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
Last chance registration | Forensic Loan Auditor Certification Training - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8
Tuesday, December 14, 2010
With tight lending rules, low-income homeowners are blocked from mortgage refinancing http://ping.fm/2LVb5
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
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
Monday, December 13, 2010
Become certified as a Forensic Loan Auditor. Atlanta, GA—Last chance registration 310-432-6304 http://ping.fm/XbmA8
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
Certified Forensic Loan Audit Certification Training [CFLA] | Atlanta, CA | Weekend of December 16th, 2010 http://ping.fm/2skNO
Peter Dreier: Los Angeles Homeowners Take to the Streets to Protest Foreclosure Abuses http://ping.fm/6a2vE
Last chance registration | Forensic Loan Auditor Certification Training - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8
Friday, December 10, 2010
Bank of America, refinance: BofA refi becomes foreclosure nightmare - latimes.com http://ping.fm/sLIkN
Forensic Loan Auditor Certification Training | Last chance registration - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8
Forensic Loan Auditor Certification Training—Last chance registration - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8
Thursday, December 9, 2010
Become certified as a Forensic Loan Auditor. Atlanta, GA—Last chance registration 310-432-6304 http://ping.fm/XbmA8
FHA loans: 22 mortgage providers accused of unfair lending practices - latimes.com http://ping.fm/m1DEi
Wednesday, December 8, 2010
Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16—19, 2010 (310)432-6304 http://ping.fm/XbmA8
Foreclosure mess: Much bigger than you thought - Boston Real Estate - Boston.com http://ping.fm/gDJfQ
Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16—19, 2010 - 310-432-6304 http://ping.fm/XbmA8
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
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
Tuesday, December 7, 2010
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
Monday, December 6, 2010
Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
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
See full article from DailyFinance: http://ping.fm/l4tmd
From: http://ping.fm/ZEzBc
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
Friday, December 3, 2010
Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
Thursday, December 2, 2010
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
“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
Forensic Loan Auditor Certification Training - Last chance registration - Atlanta, GA - Dec 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
Wednesday, December 1, 2010
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
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
Become certified as a Forensic Loan Auditor. Training Course in Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
Tuesday, November 30, 2010
Monday, November 29, 2010
West Brighton woman says Bank of America 'turned the tables' on loan modification | SILive.com http://ping.fm/W2LsQ
Become certified as a Forensic Loan Auditor. Training Course in Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
Friday, November 26, 2010
Wednesday, November 24, 2010
Forensic Loan Auditor Certification Training -$500 off registration - Atlanta, GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
San Fernando Valley woman foreclosed on after loan modification rejected | 89.3 KPCC http://ping.fm/QWfOG
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
Lawmaker Questions Legal Fees for Ex-Execs at Fannie, Freddie - Washington Wire - WSJ http://ping.fm/pXsRL
Become certified as a Forensic Loan Auditor. Training Course in Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
Tuesday, November 23, 2010
Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
Become certified as a Forensic Loan Auditor. Coming to Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
Monday, November 22, 2010
Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 - 310-432-6304 http://ping.fm/XbmA8
ALL NEW! Mortgage Securitization Auditor Training - December 3-5, 2010 - Last chance registration 310-432-6304 http://ping.fm/v2Duy
Housing: Percent of Americans likely to rent their next home grows, Fannie Mae survey indicates - latimes.com http://ping.fm/4r7Vo
Foreclosure class actions pile up against banks | SouthCoastToday.com
NEW YORK — Foreclosure-fraud class action lawsuits are starting to pile up against major banks across the U.S., threatening a besieged industry with billions more in potential losses.
Bank executives swarmed Capitol Hill last week to defend themselves against multiple foreclosure-related investigations, including one by all 50 state attorneys general. Talks are under way in that probe in hopes of reaching a settlement, but that wouldn't extinguish the mounting threat of an avalanche of class actions.
A congressional watchdog said in a report issued last Tuesday that the foreclosure document debacle could threaten major banks with billions of dollars in losses, further prolong the housing depression and damage the government's effort to keep people in their homes.
From: http://ping.fm/vQJSq
Bank executives swarmed Capitol Hill last week to defend themselves against multiple foreclosure-related investigations, including one by all 50 state attorneys general. Talks are under way in that probe in hopes of reaching a settlement, but that wouldn't extinguish the mounting threat of an avalanche of class actions.
A congressional watchdog said in a report issued last Tuesday that the foreclosure document debacle could threaten major banks with billions of dollars in losses, further prolong the housing depression and damage the government's effort to keep people in their homes.
From: http://ping.fm/vQJSq
Foreclosure taking toll on kids
Three years into the mortgage crisis, the public debate over how to stem the unprecedented tide of foreclosures and the damage they are doing to the housing market have largely overshadowed any discussion of the human toll. But researchers have begun to probe what happens to people after they lose their homes and are becoming especially concerned about the harm done to children.
The number of children displaced has been climbing steadily in recent years, with nearly 40 percent of U.S. school districts surveyed citing foreclosure as the top reason for the surge in homeless students, according to a report this summer by First Focus and the National Association for the Education of Homeless Children and Youth.
Children who are forcibly uprooted from their homes and schools tend to suffer emotionally, socially and academically, studies preceding the mortgage meltdown show. Researchers suspect the same may be happening with children who have been dragged through foreclosure and are urgently exploring the consequences.
From: http://ping.fm/B7jDZ
The number of children displaced has been climbing steadily in recent years, with nearly 40 percent of U.S. school districts surveyed citing foreclosure as the top reason for the surge in homeless students, according to a report this summer by First Focus and the National Association for the Education of Homeless Children and Youth.
Children who are forcibly uprooted from their homes and schools tend to suffer emotionally, socially and academically, studies preceding the mortgage meltdown show. Researchers suspect the same may be happening with children who have been dragged through foreclosure and are urgently exploring the consequences.
From: http://ping.fm/B7jDZ
Forensic Loan Auditor Certification Training - $500 off registration - Atlanta GA - December 16-19, 2010 | 310-432-6304 http://ping.fm/XbmA8
Become certified as a Forensic Loan Auditor. Coming to Atlanta, GA -$500 Off early registration 310-432-6304 http://ping.fm/XbmA8
Friday, November 19, 2010
Thursday, November 18, 2010
Wednesday, November 17, 2010
Become certified as a Forensic Loan Auditor. Coming to Atlanta, GA -$500 OFF early registration 310-432-6304 http://ping.fm/XbmA8
ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Dec 3-5, 2010 - http://ping.fm/v2Duy
Tuesday, November 16, 2010
Monday, November 15, 2010
Foreclosure mess prompts growing number of public officials to slow down process http://ping.fm/lMRvb
Friday, November 12, 2010
An SPV cannot sell any individual mortgage because the mortgages are not held individually by the certificate holders http://ping.fm/v2Duy
What is a Securitization? In the mortgage securitization process, collateralized securities are issued by... http://ping.fm/v2Duy
The Securitization Audit is a cutting edge product, utilized by successful Attorneys. http://ping.fm/v2Duy
ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Dec 3-5, 2010 - http://ping.fm/v2Duy
Groves couple claims it was deceived by loan modification agreement, sues mortgage company | Southeast Texas Record http://ping.fm/r7S4P
National Media Takes Aim At Jacksonville Foreclosure Court - Local News on wokv.com http://ping.fm/lzQR4
New District measure requires six-month mediation before foreclosure
This week the District Council approved a measure requiring lenders to go through six months of mediation with a homeowner before proceeding with a foreclosure.
This Story
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New District measure requires six-month mediation before foreclosure
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Foreclosure mess prompts growing number of public officials to slow down process
*
If you're facing foreclosure in the District, help might be on the way
*
Complete coverage: Foreclosure system in chaos
*
An opening for D.C. foreclosure challenges
View All Items in This Story
View Only Top Items in This Story
Mediation allows the borrower and the lender's representative to negotiate, with the guidance of an impartial go-between, over possible alternatives to a foreclosure, such as a loan modification. But neither side can be compelled to agree to a mediated solution.
From: http://ping.fm/PjR00
This Story
*
New District measure requires six-month mediation before foreclosure
*
Foreclosure mess prompts growing number of public officials to slow down process
*
If you're facing foreclosure in the District, help might be on the way
*
Complete coverage: Foreclosure system in chaos
*
An opening for D.C. foreclosure challenges
View All Items in This Story
View Only Top Items in This Story
Mediation allows the borrower and the lender's representative to negotiate, with the guidance of an impartial go-between, over possible alternatives to a foreclosure, such as a loan modification. But neither side can be compelled to agree to a mediated solution.
From: http://ping.fm/PjR00
Bank of America, Merrill, Milan Banks, JPMorgan, UBS, WestLB in Court News - Bloomberg http://ping.fm/0lRy0
Bank of America, Merrill, Milan Banks, JPMorgan, UBS, WestLB in Court News - Bloomberg
Dwayne Ransom Davis and Melisa Davis sued last month in Indianapolis, claiming Bank of America “routinely” submitted perjured affidavits to support foreclosures. They lost their Knightstown, Indiana, home last year.
The Charlotte, North Carolina-based bank, in papers filed Nov. 10 with U.S. District Judge Jane Magnus-Stinson, said the Davises were improperly using a federal court to attack a state court proceeding and hadn’t shown they were injured.
“While plaintiffs claim they do not seek to overturn the judgment in the foreclosure action, it is clear they are trying to do precisely that,” in violation of federal law, Bank of America told the court.
The Davises didn’t ask the court to reverse their September 2009 foreclosure. They said in their complaint that the use of “robo-signers”, or people who sign affidavits attesting to facts underlying foreclosures without actual knowledge of them, constitutes racketeering.
They seek class-action, or group, status for anyone whose home was taken under such circumstances since October 2006, and compensatory damages, which would be tripled under U.S. racketeering laws.
From: http://ping.fm/rbHLr
The Charlotte, North Carolina-based bank, in papers filed Nov. 10 with U.S. District Judge Jane Magnus-Stinson, said the Davises were improperly using a federal court to attack a state court proceeding and hadn’t shown they were injured.
“While plaintiffs claim they do not seek to overturn the judgment in the foreclosure action, it is clear they are trying to do precisely that,” in violation of federal law, Bank of America told the court.
The Davises didn’t ask the court to reverse their September 2009 foreclosure. They said in their complaint that the use of “robo-signers”, or people who sign affidavits attesting to facts underlying foreclosures without actual knowledge of them, constitutes racketeering.
They seek class-action, or group, status for anyone whose home was taken under such circumstances since October 2006, and compensatory damages, which would be tripled under U.S. racketeering laws.
From: http://ping.fm/rbHLr
Mortgage Interest Tax Deductibility Back in Debate as Congress Looks to Cut Deficit http://ping.fm/7yfwA
Thursday, November 11, 2010
ALL NEW! Mortgage Securitization Auditor Training Certification
ALL NEW! Mortgage Securitization Auditor Training Certification
www.certifiedforensicloanauditors.com From the Nation's most widely recognized and acclaimed "Forensic Loan Auditor Certification Class (32hrs)" we proudly introduce the Nation's Only "Mortgage Securitization Auditor Class (24hrs)" Program Information This course will overview securitization and 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…
This is a comprehensive 3-day training course to teach you the tools and methodologies to be an accredited "Mortgage Securitization Auditor" (24hrs)
Objectives:
- Study and learn important topics related to Mortgage Securitization, 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
- Receive a Certification as a CFLA-Mortgage Securitization Auditor "MSA", having met all requirements
Requirements:
- Must promptly attend and be present for a minimum of 24 hours of training.
- Must satisfactorily pass a criminal background check/ Sex Offender Check [looking mostly for fraud, embezzlement]
- Must satisfactorily pass the final examination at the end of the course.
- Major Topics
Overview of securitization and 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…
Designed for:
* All professionals in the mortgage, real estate, legal, and finance professions involved in loan modifications, lender litigation, bankruptcy, short sales, or real estate law.
We have trained and certified more than 200 "Forensic Loan Auditors" through our Nationally Recognized "Forensic Loan Auditor Certification Class"
________________________________________
Speakers:
ELIZABETH JACOBSON, CFLA, MSA
Elizabeth Jacobson received her certification as a forensic loan auditor on June 4, 2010, and has been admitted as an Expert Witness in the Circuit Court of Queen Anne's County, Maryland, Circuit Court of Talbot County, Maryland, and as a witness in three other Circuit Courts in Maryland. She served as the Foreclosure Prevention Project Coordinator for Mid Shore Pro Bono in Easton, Maryland, after completing 9 years as a nationally-recognized top loan originator with a national mortgage bank and working since 1985 as a paralegal with American Bar Associated-accredited coursework. For nearly 9 years, Elizabeth was the top originating loan officer in the country for Wells Fargo Home Mortgage, which also was the leading loan servicer. As the Foreclosure Prevention Project Coordinator at Mid Shore Pro Bono, she received training in the HAMP guidelines by Maryland's Department of Housing and Community Development (DHCD). She also received foreclosure defense training by Civil Justice of Baltimore, Maryland. Since 2008 she has provided assistance to Maryland homeowners to modify the terms of their mortgage loans--receiving Special U.S. Congressional Recognition in July 2009.
The Department of Justice, the FBI and the Office of the Comptroller of the Treasury have called upon Elizabeth's knowledge regarding mortgage banking. She has been interviewed by CNN, the BBC and Democracy Now. Elizabeth attended the University of Maryland after obtaining an A.A. degree at Stevenson University.
DOUGLAS RIAN, CFLA, MSA
Douglas received his certification as a forensic loan auditor on June 4, 2010, and has testified in several foreclosure proceedings as an Expert Witness in three Maryland circuit courts, a witness in one Virginia circuit court, and an expert loan auditor in mediation proceedings in one Maryland circuit court. Since 1985, his analysis reports have been published by a premier financial reporting company, Morningstar
ALL NEW! Mortgage Securitization Auditor Training (24hr course) - Dec 3-5, 2010 - http://ping.fm/v2Duy
Wednesday, November 10, 2010
Last chance registration! - Nation's only forensic loan auditor certification training course-San Diego 310-432-6304 http://ping.fm/XbmA8
MBA Urges Flexbility in Interpretation of Risk Retention Regs. What Counts as Qualified? http://ping.fm/ROJsH
Tuesday, November 9, 2010
Monday, November 8, 2010
Nation's only forensic loan auditor certification training - San Diego 310-432-6304 - register today & receive $500 off http://ping.fm/XbmA8
Friday, November 5, 2010
Last chance registration! - Nation's only forensic loan auditor certification training course-San Diego 310-432-6304 http://ping.fm/XbmA8
David Stern's foreclosure law firm cuts 70% of staff http://www2.tbo.com/content/2010/nov/04/041805/david-sterns-foreclosure-law-firm-cuts-half-its-st/news-breaking/
Tipton couple sues over early eviction in foreclosure case « Michigan Messenger http://ping.fm/Fu0XF
Last chance registration! - Nation's only forensic loan auditor certification training course - San Diego - 11/11/2010 http://ping.fm/XbmA8
Thursday, November 4, 2010
Nation's only forensic loan auditor certification training course - San Diego - 11/11/2010 - Last chance registration! http://ping.fm/XbmA8
Wednesday, November 3, 2010
Nation's only forensic loan auditor certification training course - San Diego - 11/11/2010 - Last chance registration! http://ping.fm/XbmA8
Tuesday, November 2, 2010
Monday, November 1, 2010
The Nation's only forensic loan auditor certification training course - San Diego - November 11-14, 2010 http://ping.fm/XbmA8
Last chance registration - Forensic Loan Auditor certification training - 11/11/2010 http://ping.fm/z9H6W
U.S. economy is just bumping along the bottom - Business - Eye on the Economy - msnbc.com http://ping.fm/QAG5l
The Forensic Loan Audit is a cutting edge product, utilized by successful Attorneys. Visit or contact us http://ping.fm/9eXKT 310-432-6304
The Nation's only Forensic Loan Auditor certification training - San Diego - November 11-14, 2010 http://ping.fm/XbmA8
Sizing Up Foreclosures in D.C. - Local News - Washington, DC - Washington D.C. - msnbc.com http://ping.fm/ZNHZD
Friday, October 29, 2010
Activists march on two Burien banks to protest foreclosure practices | The Highline Times / Des Moines News http://ping.fm/ZQwRT
Wednesday, October 27, 2010
William K. Black: Foreclose on the Foreclosure Fraudsters, Part 1: Put Bank of America in Receivership http://ping.fm/lyeDO
Refinance Apps Account for 82.3% of All Mortgage Activity http://www.mortgagenewsdaily.com/channels/news/rsscomments.aspx?PostID=178823
Fed, Bernanke Detail Response to Foreclosure Crisis - Real Time Economics - WSJ http://ping.fm/HZIJ2
Tuesday, October 26, 2010
Monday, October 25, 2010
B of A Finds Foreclosure Mistakes - FoxBusiness.com
Bank of America Corp (BAC: 11.15 ,-0.31 ,-2.71%) acknowledged some mistakes in foreclosure files as it begins to resubmit documents in 102,000 cases, the Wall Street Journal said.
The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday, the newspaper said.
The problems included improper paperwork, lack of signatures and missing files, as well as cases in which information about the property and payment history being unmatched, the Journal said.
From: http://www.foxbusiness.com/markets/2010/10/25/bank-america-finds-foreclosure-mistakes-report/
The bank found errors in 10 to 25 out of the first several hundred foreclosure it examined starting last Monday, the newspaper said.
The problems included improper paperwork, lack of signatures and missing files, as well as cases in which information about the property and payment history being unmatched, the Journal said.
From: http://www.foxbusiness.com/markets/2010/10/25/bank-america-finds-foreclosure-mistakes-report/
A long road seen ahead on foreclosure mess - TODAY Home & Garden - TODAYshow.com http://ping.fm/bPHwv
Bernanke: Fed is probing flawed foreclosure process and its risks for economy - CSMonitor.com http://ping.fm/nhhYZ
Federal Reserve Examining Foreclosure Practices; New Report Details Policy Efforts http://ping.fm/1m9gR
Bank of America Finds Mistakes in Foreclosure Files; MBS Issuance 95% Agency Paper; What is an Allonge?; Document Curing Timeline
On Friday, as thousands of offices and families across the United States debated whether the 3 colors of traditional candy corn tasted any different, the FDIC was busy.
The press releases all had pretty much the same verbiage: "(Name of Bank, State) was closed today by the (State) Office of Financial Regulation or OCC, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with (Rescue Bank)." Progress Bank of Florida, FL is now Bay Cities Bank (FL). First Bank of Jacksonville (FL) is now Ameris Bank (GA). The Gordon Bank (GA) is now Morris Bank (GA). The First National Bank of Barnesville (GA) is now United Bank (GA). First Suburban National Bank (IL) is now Seaway Bank and Trust Company (IL). Hillcrest Bank (KS) is now Hillcrest Bank (KS). Lastly, the FDIC approved the payout of the insured deposits of First Arizona Savings (AZ).
From: http://ping.fm/YoMdX
The press releases all had pretty much the same verbiage: "(Name of Bank, State) was closed today by the (State) Office of Financial Regulation or OCC, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with (Rescue Bank)." Progress Bank of Florida, FL is now Bay Cities Bank (FL). First Bank of Jacksonville (FL) is now Ameris Bank (GA). The Gordon Bank (GA) is now Morris Bank (GA). The First National Bank of Barnesville (GA) is now United Bank (GA). First Suburban National Bank (IL) is now Seaway Bank and Trust Company (IL). Hillcrest Bank (KS) is now Hillcrest Bank (KS). Lastly, the FDIC approved the payout of the insured deposits of First Arizona Savings (AZ).
From: http://ping.fm/YoMdX
Bank of America Finds Mistakes in Foreclosure Files; MBS Issuance 95% Agency Paper; What is an Allonge?; Document Curing Timeline http://www.mortgagenewsdaily.com/channels/pipelinepress/10252010-mortgage-foreclosure-halloween.aspx
Special Report: The haves, the have-nots and the dreamless dead - Politics - msnbc.com http://ping.fm/kCbb2
Friday, October 22, 2010
Special Report: The haves, the have-nots and the dreamless dead - Politics - msnbc.com http://ping.fm/l2dJ7
★ The Nation's only Forensic Loan Auditor Certification Training (San Diego - November 11 - 14th)
Become a Certified Forensic Loan Auditor!
Call us today at 310-432-6304
http://www.certifiedforensicloanauditors.com/
Join a booming career and enroll in our 32-hour in-person, comprehensive forensic loan audit certification training program
Certified Forensic Loan Auditors, LLC is Attorney Operated, and Better Business Bureau Accredited.
Certified Forensic Loan Auditors, LLC (CFLA) is a network of experienced professionals specializing in the research and analysis needed to provide Attorneys and Loan Modification Companies with a total package support that they need to even the playing field with Lenders and successfully negotiate loan modifications or file predatory lending lawsuits.
Our service is focused on providing Law Firms and Loan Modification professionals the most highly reliable and dependable "Premium Forensic Loan Audits" in the industry.
Become a Certified Forensic Loan Auditor Today!
http://www.certifiedforensicloanauditors.com/
Visit our website for more information:
http://www.certifiedforensicloanauditors.com/
Standard enrollment fee is $2,995.00 $2,495.00 ($500 off with early registration)
Register online at:
CERTIFIED FORENSIC LOAN AUDITORS, LLC
13101 West Washington Blvd., Suite 140, Los Angeles, CA 90066;
ph: 310-432-6304; info@CertifiedForensicLoanAuditors.com
www.CertifiedForensicLoanAuditors.com
Pre-Registration is required and can be done over the phone at 310-432-6304, with Visa or MasterCard, or by Check. Registration forms will be emailed after payment is complete. Late Registration allowed until one week prior to course enrollment!
Certification Training Testimonials
"Highly recommend this for those who truly and sincerely want to help people save their homes especially during these hard economic times. Foreclosures are at an all time high and the fraud is unbelievable. Forensic Audits (certified) are the basis of litigating a fraudulent loan and this needs to be exposed now, Homeowners have a greater chance of saving their homes thru zeroing out their loan debt and/or negotiating their existing loan(s). A big plus but many are not aware. Mahalo for opening this opportunity so we can help the homeowners save their homes”"
Mark Aquino (Class on 10/14)
"Attorneys, Brokers, Loan Officers and others definitely need to get certified from the Certified Forensic Loan Auditors. It’s a very, very powerful tool to use it against predatory Lending Act violation when banks violate the law."
Edna Franco (Class on 10/14)
"I recommend the “Certified Forensic Loan Auditors” course to any professional in today’s Mortgage-Banking and Legal litigation firm. These professionals would enhance their business"
Ernest Gorriti (Class on 10/14)
"This is the perfect course if you have some Mortgage knowledge and want to help clients"
Kellar Covington (Class on 10/14)
"Great class! Very informative. Marla really cares about the student’s success. Fast paced class but it’s worth it"
Jean Griffin (Class on 10/14)
"It was a rewarding class! Also very challenging to audit the loans during the class. I am looking forward to putting this knowledge to work for me!"
“I came in to this class wanting to do professional, competent, and comprehensive forensic loan audits and that is exactly what this class has done for me! As a mortgage professional looking to sustain myself in this career field, I have found that this class has opened up a wealth of opportunities for me and was easily worth the time and money.” Mark Martinez
“Auditing provides an alternative to loan modifications and provides a level of strength for homeowners and lawyers to negotiate with. Finally, there is a class out there that teaches the tools to fight this against these financial institutions in this terrible economic mortgage crises.” Angela Narain White
“The knowledge and experience of the teachers and attorneys prepared me to complete a loan audit with confidence I would recommend this class to anyone.” Wayne Goldman
Visit our website for more and up to date testimonials
Class sizes are small- Only 10 students per class, so reserve your seat ASAP
http://www.certifiedforensicloanauditors.com/5.0_forensic_loan_auditor_certification_training_program_namu.html
http://www.certifiedforensicloanauditors.com/5.0_forensic_loan_auditor_certification_training_program_namu.html
Presented by:
Certified Forensic Loan Auditors, LLC, its Senior Auditors and Attorneys
Program Information:
This is a comprehensive 4-day training course to get you CERTIFIED as a “FORENSIC LOAN AUDITOR”
Objectives:
* Study and learn important mortgage topics related to forensic loan auditing. * Expand your knowledge of the legal and compliance aspects of forensic loan auditing.
* Receive a Certification as a CFLA-Certified Forensic Loan Auditor
Requirements:
• Must promptly attend and be present for a minimum of 32 hours of training.
• Must satisfactorily pass a criminal background check/ Sex Offender Check [looking mostly for fraud, embezzlement]
• Must satisfactorily pass the NAMP final examination at the end of the course. Trainees will know right on the spot!!!!!
Major Topics:
* Truth in Lending Act * Real Estate Settlement Procedures Act * Home Ownership Equity Protection Act * State and Federal Discrimination Laws *Fair Debt Collection Practices Act * State Disclosure Laws * State Common Laws * Broker Licensing * Loan Transaction Documentation * Proper Calculation of APR and Finance Charges * Underwriting Standards and Methodologies * Predatory Loan Indicators * Legal Standing & Other Foreclosure Defenses * Securitization, Chain of Title, MERS and much more!!!
* This course will cover 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 & Federal statutes and common law principles to look for in the loan documentation.
Designed for:
* All professionals in the mortgage, real estate, legal, and finance professions involved in loan modifications, lender litigation and/or forensic auditing. A basic knowledge of relevant loan transaction documents will be assumed.
________________________________________
Speakers:
1. Marla Giddings, Senior Certified Forensic Loan Auditor
________________________________________
Location:
CFLA, LLC [Conference Room]
13101 W. Washington Blvd.
Los Angeles, CA 90066
Registration:
Pre-Registration is required and can be done over the phone at 310-432-6304, with Visa or MasterCard, or by Check. Registration forms will be emailed after payment is complete. Late Registration allowed until one week prior to course enrollment!
Pricing:
$2,995.00 for the one-week course. You will also receive a Certification recognizing you as a CFLA-CERTIFIED FORENSIC LOAN AUDITOR
$2,500.00 EARLY BIRD REGISTRATION RATE IF REGISTERED BY NOV 5, 2010
Benefits of the Course:
SAMPLE AUDIT [at link below]
http://www.certifiedforensicloanauditors.com/9.0_audit_sample_112409.pdf
SAMPLE DEMAND LETTER [at link below]
http://www.certifiedforensicloanauditors.com/9.4_Sample_QWR.pdf
SAMPLE CIVIL COMPLAINT [at link below]
http://www.certifiedforensicloanauditors.com/9.2_complaint_809.pdf
CREDIT CARD AUTHORIZATION FORM [at link below]
http://www.certifiedforensicloanauditors.com/9.6_cc_authorization.pdf
TRAINING REGISTRATION FORM [at link below]
http://www.certifiedforensicloanauditors.com/9.5_registration_form.pdf
Please contact this office if you have any questions.
CERTIFIED FORENSIC LOAN AUDITORS, LLC
13101 West Washington Blvd., Suite 444
Los Angeles, CA 90066;
Phone: 310-432-6304
sales@CertifiedForensicLoanAuditors.com
www.CertifiedForensicLoanAuditors.com
The Nation’s Leading Real Estate Forensic Loan Auditing Company
Special Report: The haves, the have-nots and the dreamless dead - Politics - msnbc.com http://ping.fm/OPgPq
Special Report: The haves, the have-nots and the dreamless dead - Politics - msnbc.com http://ping.fm/SFXMz
Special Report: The haves, the have-nots and the dreamless dead - Politics - msnbc.com http://ping.fm/I87LW
Special Report: The haves, the have-nots and the dreamless dead - Politics - msnbc.com http://ping.fm/aS675
Reforms Aimed at Broker Business. Deploying Capital to the Right Origination Channel http://ping.fm/jFfyt
National bank Moratorium of Foreclosures
http://www.certifiedforensicloanauditors.com/
Evidence of the success of Certified Forensic Loan Audits is all over the recent news publications [see National bank Moratorium of Foreclosures] as Bank of America & JP Morgan Chase have both issued National Bank Moratoriums halting Foreclosure[s] while internal Forensic loan Audits are performed on these loan files to determine compliance with State & Federal Statutes.
http://azcapitoltimes.com/news/2010/10/14/moratorium-on-foreclosures-triggers-housing-concerns-nationwide/
http://www.newsweek.com/2010/10/14/what-you-need-to-know-about-flawed-foreclosures.html
http://thehill.com/blogs/congress-blog/economy-a-budget/124429-the-big-question-should-congress-pass-a-national-moratorium-on-foreclosures
The success of Certified Forensic Loan Auditors is directly connected to these Banks Moratoriums as this office has audited nearly 100,000 Residential Home Loans since 2007, finding major compliance violations in nearly all of them.
Moreover, Certified Forensic Loan Auditors has prepared more than 5,000 State & Federal lawsuits on behalf of Attorneys representing the interests of their clients who were victims of this Predatory lending!
There is no better time than now to get training and Certified as a Forensic Loan Auditor in this emerging field!
Call us today at 310-432-6304 to get registered for the next Nationwide Forensic Loan Auditor 32 hour Certification Class!!!
http://www.certifiedforensicloanauditors.com/
http://www.certifiedforensicloanauditors.com/5.0_forensic_loan_auditor_certification_training_program_namu.html
Evidence of the success of Certified Forensic Loan Audits is all over the recent news publications [see National bank Moratorium of Foreclosures] as Bank of America & JP Morgan Chase have both issued National Bank Moratoriums halting Foreclosure[s] while internal Forensic loan Audits are performed on these loan files to determine compliance with State & Federal Statutes.
http://azcapitoltimes.com/news/2010/10/14/moratorium-on-foreclosures-triggers-housing-concerns-nationwide/
http://www.newsweek.com/2010/10/14/what-you-need-to-know-about-flawed-foreclosures.html
http://thehill.com/blogs/congress-blog/economy-a-budget/124429-the-big-question-should-congress-pass-a-national-moratorium-on-foreclosures
The success of Certified Forensic Loan Auditors is directly connected to these Banks Moratoriums as this office has audited nearly 100,000 Residential Home Loans since 2007, finding major compliance violations in nearly all of them.
Moreover, Certified Forensic Loan Auditors has prepared more than 5,000 State & Federal lawsuits on behalf of Attorneys representing the interests of their clients who were victims of this Predatory lending!
There is no better time than now to get training and Certified as a Forensic Loan Auditor in this emerging field!
Call us today at 310-432-6304 to get registered for the next Nationwide Forensic Loan Auditor 32 hour Certification Class!!!
http://www.certifiedforensicloanauditors.com/
http://www.certifiedforensicloanauditors.com/5.0_forensic_loan_auditor_certification_training_program_namu.html
Thursday, October 21, 2010
Wednesday, October 20, 2010
Creative and informative way of explaining the foreclosure crisis - Mom Raps About Foreclosure
http://ping.fm/57rJL
http://ping.fm/57rJL
All States Join Nationwide Mortgage Licensing System. Verification Checkpoint Provided http://ping.fm/k9FRG
Tuesday, October 19, 2010
Housing Starts +0.3%. Building Permits -5.6%. Completions +7.3% http://www.mortgagenewsdaily.com/channels/news/rsscomments.aspx?PostID=177252
DATA FLASH: Housing Starts +0.3%. Building Permits +5.6%. Completions +7.3% http://www.mortgagenewsdaily.com/channels/news/rsscomments.aspx?PostID=177252
Monday, October 18, 2010
Friday, October 15, 2010
The Mortgage Fraud Scandal Is The Biggest In Human History
We have long known that lender fraud was rampant during the real estate boom. The FBI began warning of an “epidemic†of mortgage fraud as early as 2004. We know that mortgage originators invented “low doc†and “no doc†loans, encouraged borrowers to take out “liar loansâ€, and promoted “NINJA loans†(no income, no job, no assets, no problem!). All of these schemes were fraudulent from the get-go...
From: http://ping.fm/gXrLG
From: http://ping.fm/gXrLG
Thursday, October 14, 2010
Wednesday, October 13, 2010
America's new poor: the end of the middle-class dream | Paul Mason | Comment is free | The Guardian http://ping.fm/LrFA7
FHFA Releases Framework for Dealing with Foreclosures. Borrowers Must Play Ball http://ping.fm/2cNPq
Offering “Forensic Loan Auditor Certification†Training [Las Vegas] 10/14-10/17. Check website for updates http://ping.fm/XbmA8
Forensic loan auditor certification class - Las Vegas - 10/14/2010 - Last chance - register today (310)432-6304 http://bit.ly/9Wl0Md
Tuesday, October 12, 2010
Monday, October 11, 2010
Forensic loan auditor certification class - Las Vegas - 10/14/2010 - Last chance - register today (310)432-6304 http://bit.ly/9Wl0Md
Bank of America halts foreclosure sales - MarketWatch
Would you buy a foreclosed home now, knowing full well the title may be clouded by mortgage fraud? I wouldn't. Anyone who would without title insurance is asking for a huge legal mess.
From: http://ping.fm/w9Qkt
From: http://ping.fm/w9Qkt
Unclear Titles Will Sideline Buyers of Foreclosed Properties for Many Months -- Seeking Alpha
Would you buy a foreclosed home now, knowing full well the title may be clouded by mortgage fraud? I wouldn't. Anyone who would without title insurance is asking for a huge legal mess.
From: http://ping.fm/A0XK5
From: http://ping.fm/A0XK5
Unclear Titles Will Sideline Buyers of Foreclosed Properties for Many Months -- Seeking Alpha http://ping.fm/XxZt2
US probes claims of illegal house repossessions | The Australian
ALLEGATIONS that homes across America have been repossessed illegally have triggered an official investigation.
Eric Holder, the Attorney-General, said that the Justice Department would look into reports that loan servicers, which work for lenders, have been using "robo-signers" - individuals who have signed thousands of foreclosure documents a week without checking the paperwork.
The move coincides with a decision by the White House to review pending legislation on home foreclosures.
Both actions add heat to a growing controversy that has forced at least three banks to halt eviction proceedings.
Coming only weeks before the congressional elections, it has highlighted one of the most visible and emotive aspects of the economic crisis in America, which has resulted in millions of people losing their homes...
From: http://ping.fm/LspMR
Eric Holder, the Attorney-General, said that the Justice Department would look into reports that loan servicers, which work for lenders, have been using "robo-signers" - individuals who have signed thousands of foreclosure documents a week without checking the paperwork.
The move coincides with a decision by the White House to review pending legislation on home foreclosures.
Both actions add heat to a growing controversy that has forced at least three banks to halt eviction proceedings.
Coming only weeks before the congressional elections, it has highlighted one of the most visible and emotive aspects of the economic crisis in America, which has resulted in millions of people losing their homes...
From: http://ping.fm/LspMR
Friday, October 8, 2010
Forensic loan auditor certification classes - Las Vegas - 10/14/2010 - Register today (310)432-6304 http://bit.ly/9Wl0Md
Thursday, October 7, 2010
Wednesday, October 6, 2010
Iris Martin: Homeowners: The Courtroom is Your Battlefield
My recent book, Mortgage Wars: How You Can Fight Fraud and Reverse Foreclosure predicted that those homeowners victimized by predatory lenders would fight back and win the war against foreclosure. Now, it is happening.
The opportunity for a complete transformation of the global financial services industry is upon us. The halting of recent foreclosures due to sloppy paperwork is just the tip of the iceberg. Ultimately, it will be discovered that the holders of mortgage backed securities have no legal link to the mortgages that secured them due to more sloppy paperwork. This will result in an avalanche of legal proceedings from both homeowners and investors.
Read More... http://ping.fm/UAMlk
From: http://ping.fm/T2cQq
The opportunity for a complete transformation of the global financial services industry is upon us. The halting of recent foreclosures due to sloppy paperwork is just the tip of the iceberg. Ultimately, it will be discovered that the holders of mortgage backed securities have no legal link to the mortgages that secured them due to more sloppy paperwork. This will result in an avalanche of legal proceedings from both homeowners and investors.
Read More... http://ping.fm/UAMlk
From: http://ping.fm/T2cQq
The Forensic Loan Audit is a cutting edge product, utilized by successful Attorneys. Visit or contact us http://ping.fm/9eXKT 310-432-6304
Forensic loan auditor certification classes - Las Vegas - 10/14/2010 - Register today (310)432-6304 http://bit.ly/9Wl0Md
Purchase Demand Rallies Ahead of FHA MIP Change. Seller Concession Reduction Still in Limbo http://ping.fm/jSJra
Tuesday, October 5, 2010
Monday, October 4, 2010
Friday, October 1, 2010
Forensic loan auditor certification classes - Las Vegas - 10/14/2010 - Register today (310)432-6304 http://bit.ly/9Wl0Md
Forensic Loan Auditor Certification Training - 10/14/2010 Call today and save $500 off registration (310) 432-6304 http://bit.ly/9Wl0Md
The Securitization Audit is a cutting edge product, utilized by successful Attorneys. See our samples: http://ping.fm/jmuSE
The Forensic Loan Audit is a cutting edge product, utilized by successful Attorneys. Visit or contact us http://ping.fm/9eXKT 310-432-6304
Forensic loan auditor certification classes - Las Vegas - 10/14/2010 - Register today (310)432-6304 http://bit.ly/9Wl0Md
Thursday, September 30, 2010
Distressed Properties Account for 24% of Home Sales in Q2 2010 http://www.mortgagenewsdaily.com/09302010_ore_sales_realtytrac.asp
Wednesday, September 29, 2010
Tuesday, September 28, 2010
The Securitization Audit is a cutting edge product, utilized by successful Attorneys. See our samples: http://ping.fm/jmuSE
Forensic Loan Auditor Certification Training - 10/7/2010 Call today and save $500 off registration (310) 432-6304 http://ping.fm/xCCw5
Monday, September 27, 2010
HomePath Property Buyers Receive Up to 3.5% in Closing Cost Assistance http://www.mortgagenewsdaily.com/09242010_fannie_mae_ore.asp
Forensic Loan Auditor Certification Training - 10/7/2010 Call today and save $500 off registration (310) 432-6304 http://ping.fm/xCCw5
Friday, September 24, 2010
Certified Forensic Loan Audit Certification Training [CFLA-NAMU] | Las Vegas, NV | 10/07/2010 http://ping.fm/Qh1qz
Final forensic loan auditor certification classes of 2010 - 10/07/2010 - Last chance, register today (310)432-6304 http://bit.ly/9Wl0Md
Thursday, September 23, 2010
Wednesday, September 22, 2010
An SPV cannot sell any individual mortgage because the mortgages are not held individually by the certificate holders http://ping.fm/Myd0K
There is a mortgage default crisis underway in the United States and a credit crisis caused by toxic assets... http://ping.fm/Myd0K
Final forensic loan auditor certification classes of 2010 - 10/07/2010 - Last chance, register today (310)432-6304 http://bit.ly/9Wl0Md
Tuesday, September 21, 2010
Monday, September 20, 2010
Walking away from mortgage gets easier when neighbors do it - Local News - Tampa, FL - News - msnbc.com http://ping.fm/NKtkO
A typical mortgage pool consists of anywhere from 2,000 to 5,000 loans, Representing millions in cash flow payments... http://ping.fm/Myd0K
Why would anyone issue securities collateralized by mortgages using the structure of a securitization? http://ping.fm/Myd0K
Sunday, September 19, 2010
USDA Rural Development System Upgrade Complete. Now Processing Conditional Commitments http://ping.fm/RJNxk
Friday, September 17, 2010
in the case of a securitized mortgage note, there is no party who has the lawful right to enforce a foreclosure http://ping.fm/Myd0K
This explanation will show that, in the case of a securitized mortgage note, there is no party who
has the lawful right to enforce a foreclosure, and the payments alleged to have been in default have,
in fact, been paid to the party to whom such payments were due. http://ping.fm/aUJtr
has the lawful right to enforce a foreclosure, and the payments alleged to have been in default have,
in fact, been paid to the party to whom such payments were due. http://ping.fm/aUJtr
Don't miss the final forensic loan auditor certification classes of 2010. (310)432-6304 http://ping.fm/pE2Wl
Certified Forensic Loan Audit Certification Training [CFLA-NAMU] | Las Vegas, NV | 10/07/2010 http://ping.fm/Qh1qz
Americans More Cautious on Homeownership. Borrower Credit Profiles Impede Recovery http://ping.fm/PthIA
Thursday, September 16, 2010
Final forensic loan auditor certification classes of 2010 - 09/20/2010 - Last chance, register today (310)432-6304 http://cli.gs/eDrJM
Don't miss the final forensic loan auditor certification classes of 2010. (310)432-6304 http://cli.gs/eDrJM
Don't miss the final forensic loan auditor certification classes of 2010. (310)432-6304 http://cli.gs/eDrJM
The Future of the GSEs: Explicit Guarantees, Repurchase Requests Outstanding, Targeted Initiatives http://ping.fm/YyMuA
Wednesday, September 15, 2010
Final forensic loan auditor certification classes of 2010 - 09/20/2010 - Last chance, register today (310)432-6304 http://cli.gs/eDrJM
The Securitization Audit is a cutting edge product, utilized by successful Attorneys. See our sample: http://ping.fm/jmuSE
The Seuritization Audit is a cutting edge product, utilized by successful Attorneys. See our sample: http://ping.fm/yS2hG
Tuesday, September 14, 2010
Friday, September 10, 2010
Thursday, September 9, 2010
Pegasystems Helps Mortgage Servicers Adapt to Changing Government Programs for Modifications, Short Sales, Foreclosures - Business - Press Releases - msnbc.com http://ping.fm/rv7Fa
Filner Blames Banks For Military Foreclosures - San Diego News Story - KGTV San Diego http://ping.fm/pUDhL
Wednesday, September 8, 2010
USDA Rural Housing System Upgrade Complete. Now Processing Conditional Commitments http://ping.fm/0SyF2
Housing Choice - Help Today?s Owners or Future Buyers - NYTimes.com
The unexpectedly deep plunge in home sales this summer is likely to force the Obama administration to choose between future homeowners and current ones, a predicament officials had been eager to avoid.
Related
Is the Economy Still Driven by Housing?
Will ending the recession depend on selling more homes?
* Comment Join the Discussion
Readers' Comments
Readers shared their thoughts on this article.
* Read All Comments (385) »
Over the last 18 months, the administration has rolled out just about every program it could think of to prop up the ailing housing market, using tax credits, mortgage modification programs, low interest rates, government-backed loans and other assistance intended to keep values up and delinquent borrowers out of foreclosure. The goal was to stabilize the market until a resurgent economy created new households that demanded places to live...
Read more: http://ping.fm/uIrKi
From: http://ping.fm/ICIeP
Related
Is the Economy Still Driven by Housing?
Will ending the recession depend on selling more homes?
* Comment Join the Discussion
Readers' Comments
Readers shared their thoughts on this article.
* Read All Comments (385) »
Over the last 18 months, the administration has rolled out just about every program it could think of to prop up the ailing housing market, using tax credits, mortgage modification programs, low interest rates, government-backed loans and other assistance intended to keep values up and delinquent borrowers out of foreclosure. The goal was to stabilize the market until a resurgent economy created new households that demanded places to live...
Read more: http://ping.fm/uIrKi
From: http://ping.fm/ICIeP
Purchase Apps Up 6.3%. Refinance Demand Declines 3.1% http://www.mortgagenewsdaily.com/channels/news/rsscomments.aspx?PostID=170782
Tuesday, September 7, 2010
Friday, September 3, 2010
Thursday, September 2, 2010
Certified Forensic Loan Audit Certification Training [CFLA-NAMU] | Orlando, FL | 9/09/2010 http://ping.fm/TTXQq
Wednesday, September 1, 2010
National Home Prices Up 7% - CBS MoneyWatch.com http://moneywatch.bnet.com/economic-news/video/national-home-prices-up-7/461620/?tag=content;col1
BMO Slashes Market-Leading Five Year Mortgage Rate by 20 Bps to 3.59 Per Cent - Business - Press Releases - msnbc.com http://ping.fm/mleBq
There Is No Recovery, And Policy Makers Are In Denial, Says Paul Krugman - CBS MoneyWatch.com http://ping.fm/AsgiN
Tuesday, August 31, 2010
Mortgage Bonds Wrongly Predict Government Refi Changes, Credit Suisse Says - Bloomberg http://ping.fm/W8BGx
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
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
Monday, August 30, 2010
HUD Secretary Tiptoes Around Another Tax Credit, Pushes Balanced Housing Policy http://ping.fm/5Ceo4
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
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
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
Apartment vacancies fall as affordable rents are harder to find - The Boston Globe http://www.boston.com/
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