SHELL GAME CONTINUES. WHO HAS THE BOND? WHO HAS THE RECEIVABLE? WHO HAS THE SECURITY INTEREST? WHO IS GETTING PAID? WHERE ARE THE MONTHLY PAYMENTS GOING? FANNIE MAE AND FREDDIE MAC ARE BIG PLAYERS, AS IS THE FEDERAL RESERVE. ARE THEY THE ONES REALLY FORECLOSING UNDER COVER OF SECURITIZATION? EDITOR’S NOTE: Another entry under the [...]
Tonight’s episode of NBC Evening News reports on one of the largest yet bailouts….the bailout of Fannie Mae and Freddie Mac.
NBC news reports that more than half of the mortgages in the US are owned or underwritten by the federal government…now consider that in the context of the foreclosure crisis.
Why should the obscene conduct being [...]
Tonight’s episode of NBC Evening News reports on one of the largest yet bailouts….the bailout of Fannie Mae and Freddie Mac.
NBC news reports that more than half of the mortgages in the US are owned or underwritten by the federal government…now consider that in the context of the foreclosure crisis.
Why should the obscene conduct being [...]
Taxpayer support for the financial system grew by $700 billion last year, and has now reached roughly $3.7 trillion, including TARP, Federal Reserve programs, asset guarantees and federal bank deposit insurance, among other commitments.
Reston-based company sued on fraud charges Nevada law firm says Mortgage Electronic Registration Systems deprives counties of fees by Gregg MacDonald | Staff Writer A Nevada law firm has filed two civil lawsuits against Reston-based Mortgage Electronic Registration Systems alleging billions of dollars worth of fraud. The suits, filed in Nevada and California district courts, [...]
Freddie Mac / Bank of America / Taylor Bean Whitaker – IMPORTANT INFO & STATEMENT REGARDING ASSIGNMENTS… TRANSFERS… NOTE OWNERSHIP!!! Today, June 21, 2010, 31 minutes ago | Foreclosure Fraud “Indeed, it appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies“ 6 21 10-Freddie-Objection-to-Boa-in-Re-Taylor-Bean-amp-Whitaker-Mortgage-Corp1 6 21 [...]
Roubini explains things I didn’t previously understand, such as the details of Federal Reserve Chairman Ben Bernanke’s and Treasury Secretary Geithner’s response to the meltdown.
Oh, I knew some of what those two had done, but not enough in terms of the details, and I was thrilled when I read the chapters that provided some very clear insight into what continues to go on today.
Submitted by a reader from an unknown source — might be Dr. Housing Bubble, which is another Blog Housing never really improved – 10 charts showing the United States housing market is entering the second wave of problems. 1 out of 4 people with no mortgage payment in the last year are still not in [...]
Editor’s Note: While the courts hear arguments and decide this way and that about standing and real party in interest, the elephant in the living room is that we have highly publicized reports of LOSSES associated with more than $5 trillion in loans bought or guaranteed by Fannie and Freddie. That amounts to around 25 [...]
Fannie Mae has again asked taxpayers for more money after reporting a first-quarter loss of more than $13 billion.
Fannie Mae – Business – Freddie Mac – Mortgage – Financial Services
Rates for 30-year fixed mortgages have fallen to their lowest level in six weeks, Freddie Mac said Thursday.
Hi All,
I filed a lawsuit against NC, Wells Fargo, and DB in June 2008. I was given a TRO based on my making my regular mortgage payment. Which I did, but they only cashed 1/2 of the checks, then sent the money back to me, put a stop payment on [...]
The US housing market will face another retreat while mortgage-backed securities and Treasurys are likely to go through a “material” correction, Meredith Whitney, CEO of Meredith Whitney Advisory Group, told CNBC Tuesday.
March 9, 2010, 3:29 p.m. EST · Recommend · Post:
Obama Administration Tells Court Government-Run Fannie Mae and Freddie Mac Not Subject to Open Records FOIA Law
Judicial Watch Battles in Federal Court to Release Fannie and Freddie Political Contribution Information
WASHINGTON, DC, Mar 09, 2010 (MARKETWIRE via COMTEX) — Judicial Watch, the public interest [...]
Editor’s Note: I am currently working on the issue of fiduciary duty, so I would appreciate receiving material from any of you that have submissions on the subject.
There is an article in the Florida Bar Journal this month on this topic. “If a fiduciary has special skills or becomes a fiduciary on the basis of [...]
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