Tuesday, August 31, 2010
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/
Fewer U.S. homeowners have ‘underwater mortgages’ - Business - Real estate - msnbc.com http://ping.fm/gFj8p
Monday, August 9, 2010
Struggling US homeowners to sue lenders | ABS-CBN News | Latest Philippine Headlines, Breaking News, Video, Analysi... http://ping.fm/ubZs3
Friday, August 6, 2010
Forensic Loan Auditor Certification Training | ORLANDO 8/12/10 Call today and save $500 off registration (310) 432-6304 http://bit.ly/dka01W
Credit History Fraud Alleged in $3 Million Lee’s Summit Mortgage Scheme - Kansas City infoZine News http://ping.fm/hJjFf
Thursday, August 5, 2010
Forensic Loan Auditor Certification Training | ORLANDO 8/12/10 Call today and save $500 off registration (310) 432-6304 http://bit.ly/dka01W
News: Local | "State to dispense $88 million in foreclosure prevention aid" | The Register-Guard | Eugene... http://ping.fm/mvtM3
20 Inland hotels on list of lodgings in foreclosure | Business | PE.com | Southern California News | News for Inlan... http://www.pe.com/
Wednesday, August 4, 2010
Renter Caught In Foreclosure Mess | KEYT.com - News, Weather, Sports for Santa Barbara, Santa Maria, San Luis Obisp... http://ping.fm/hFDIk
More Foreclosure Auction Winners Turn Out to Be Losers - Business - The Atlantic http://ping.fm/0S8fR
Tuesday, August 3, 2010
Monday, August 2, 2010
A Mortgage Market Specific Summary of the Financial Reform Bill: Posted To: MND NewsWireAfter much ado our politic... http://bit.ly/b8Uu0q
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