War on the Home Front | Mortgage Loan Investigations | TILA Rescission Audits

May 24, 2013

Who Built It?

August 29, 2012 by Adam Levitin Leave a Comment

We're seeing the back and forth between the Dems and the GOP about "who built it," … [Read more...]

Filed Under: Securitization-MBS Tagged With: Aspiration, Bear Grylls, Consumerism, Dems, Elizabeth Warren, Fire Roads, Gop, Government Hands, Initial Thoughts, Insistence, Margins, Medicare, Mortgage Backed Security, Personal Merit, Phenomenon, Police Fire, Political Culture, Private Action, Private Enterprise, Quot, securitization, securitization audit, True Belief, Upbringing

What’s On at a Courthouse Near You

July 17, 2012 by Melissa Jacoby Leave a Comment

In addition to a post last week broadly raising visitors' physicial interaction with courts, … [Read more...]

Filed Under: Securitization-MBS Tagged With: Addison, Audience, Bankruptcy Court, Bankruptcy Courts, Bankruptcy Data, C Harris, Corporate Bankruptcy, Court Proceedings, Courtroom, Courtrooms, Daily Calendars, Exhaustive Search, Feedback, Interaction, Judith Resnik, Mortgage Backed Security, Phenomena, Popularity, Public Access, Public Courts, Quot, securitization, securitization audit, Variation, Website Availability

News Flash: It is Illegal for Debt Collectors to Stalk Debtors on Facebook or Threaten to Kill Their Dogs

June 28, 2012 by Nathalie Martin Leave a Comment

Do any of you read creditcards.com? It is a great source of info on various topics, not just credit … [Read more...]

Filed Under: Securitization-MBS Tagged With: California Debt, Car Payments, Collection Efforts, debt collection, Debt Collector, debt collectors, Debtor, Debtors, Diana Mey, Extra Time, Facebook, Financing Company, Ftc, Great Source, Homemaker, Horror Tales, Mortgage Backed Security, News Flash, Quot, Rural Area, securitization, securitization audit, Slob, State Of The Nation

Hedging and Proprietary Trading

May 15, 2012 by Adam Levitin Leave a Comment

Jaime "Shamu" Dimon's beached whale has thankfully breathed some new life into … [Read more...]

Filed Under: Securitization-MBS Tagged With: Assumption Of Risk, Beached Whale, California Mortgages, Credit Risk, Current Market, Dimon, Financial Institutions, Hedges, Leaf Clovers, Mortgage Backed Security, Perfect Hedge, Proprietary Trading, Quot, Rate Risk, Risk Exposure, Risk Manager, Risk Reduction, securitization, securitization audit, Shamu, Something Simple, Stock Price, Volcker, Voluntary Assumption Of Risk

Sit Back and RadLAX

April 18, 2012 by Adam Levitin Leave a Comment

I'm having trouble getting excited over RadLAX going before SCOTUS. Ronald Mann has … [Read more...]

Filed Under: Securitization-MBS Tagged With: Asset Sales, bank of america, Bankruptcy Case, Bankruptcy Cases, Bankruptcy Practice, Business Bankruptcy, Cash Collateral, Chapter 11, Consortium, Corporate Bankruptcy, Creditors, Debtor, Debtors, Lasalle Street Partnership, lenders, Mortgage Backed Security, National Trust, North Lasalle Street, Quot, Realignment, Reminder, Scotus, securitization, securitization audit

Cash as Social Infrastructure

April 5, 2012 by Bill Maurer & Stephen Rea Leave a Comment

Sticker in San Francisco: "Of course it's cash-only, it's the … [Read more...]

Filed Under: Securitization-MBS Tagged With: Bill Of Exchange, Buddhist Temple, Consumer Finance, Developing World, Devotees, Digital Payments, Economic Functions, Economic Significance, Financial Institutions, Google, Medium Of Exchange, Mobile Money, Money Trees, Mortgage Backed Security, Oooh, Quot, Religion, Royal Canadian Mint, securitization, securitization audit, Social Dimensions, Social Infrastructure, Social Ritual, Storage Devices, Weddi

Is Loaning Money at a 350% APR Evil?

March 29, 2012 by Bob Lawless Leave a Comment

In the early part of this year, a new start-up called ZestCash launched. Founded by former Google … [Read more...]

Filed Under: Securitization-MBS Tagged With: Algorithms, Cell Phone Bills, Consumer Information, Consumer Loans, Credit Reporting Act, Credit Reporting Agency, Different Services, Ebaz, Fair Credit Reporting Act, Fringe Banking, Gil, Google, Legitimate Web, Likelihood, Maximum Rates, Merrill, Mortgage Backed Security, New York Times, Payday Loans, Quot, securitization, securitization audit, Short Term Loans, Unrelated Company

New Panel Data!

March 28, 2012 by Alan White Leave a Comment

The Fed has just released their data from the 2007-2009 panel Survey of Consumer Finances. The … [Read more...]

Filed Under: Securitization-MBS Tagged With: American Consumers, Assets Liabilities, Consumer Finance, Ethnicity, Fed Staff, Global Financial Crisis, Household Finances, Losses, Mortgage Backed Security, Mortgage Loans, Panel Survey, Payday Loan, Product Choice, Quot, Racial And Ethnic Groups, Relative Wealth, Research Subjects, Scf, securitization, securitization audit, Survey Data, Survey Of Consumer Finances, Survey Respondents, Variables

Promoting Integrity in the UCC Article 9 Recording System

March 16, 2012 by Melissa Jacoby Leave a Comment

On January 1, 2011, Larry files a UCC-1 financing statement against David indicating David's … [Read more...]

Filed Under: Securitization-MBS Tagged With: Article 9, Benefit, Collateral, Competitions, Debtor, Drafters, Filing System, Financial Institutions, Integrity, January 1, Mortgage Backed Security, Paragraph, Priority Rules, Quot, Ratification, Relevant Portion, Section 9, securitization, securitization audit, Security Agreement, Security Interest, Signs, Small Business, Subsection, Ucc Article

Girl Scouts Add Consumer Finance to the Badges

March 11, 2012 by Nathalie Martin Leave a Comment

People with young girls may already have heard about this. Girl Scouts has rolled out a few new … [Read more...]

Filed Under: Securitization-MBS Tagged With: Badges, Business Owner, Chemistry, Comparison Shopping, Consumer Finance, Credit Score, Entrepreneur, Fabric, Financial Literacy, Girl Power, Girl Scouts Of America, Makeup, Money Counts, Money Manager, Mortgage Backed Security, Philanthropist, Quot, Savvy Shopper, securitization, securitization audit, Thin Mints, Ways To Borrow Money, Young Girls

At Last, A Credible Threat of Default: Too Little-Too Late Eupdate?

March 6, 2012 by Anna Gelpern Leave a Comment

At long last, Greece is starting to resemble a normal restructuring--you know, the kind where the … [Read more...]

Filed Under: Securitization-MBS Tagged With: Consolation Prize, Coordination Problems, Credible Threat, Creditor, Creditors, Crisis Management, Debtor, Debtors, Eupdate, Eurozone, Greeks, Haircuts, Lost Evidence, Management Strategy, Mass Confusion, Mortgage Backed Security, Opposites, Precipice, Quot, Restructuring, securitization, securitization audit, Smidgeon, Sovereign Debt

Credit for Parenthood (in the Wall Street Journal)

February 24, 2012 by Melissa Jacoby Leave a Comment

Wall Street Journal Reporter Jessica Silver-Greenberg casts a spotlight on the market for fertility … [Read more...]

Filed Under: Securitization-MBS Tagged With: Adoption, Consumer Finance, Credit Reporting, Eggs, Fertility Treatment, Fringe Banking, Greenberg, Journal Reporter, lenders, Loan Market, Loans, Medical Debt, Mortgage Backed Security, Niche, Options, Parenthood, Quot, Religion, securitization, securitization audit, Spotlight, Vitro, wall street, Wall Street Journal

Pushback on the San Francisco City Assessor-Recorder Foreclosure Audit

February 18, 2012 by Adam Levitin Leave a Comment

Not surprisingly, there's been some attempts to downplay the significance of the SF City … [Read more...]

Filed Under: Securitization-MBS Tagged With: Background Questions, Bankruptcies, Credentials, Deadbeats, Exceptions, foreclosure, Imp, Methodology, Mortgage Backed Security, Mortgage Documentation, Occ, Paperwork Problems, Proof Of Claim, Quot, Sad Truth, Screw Ups, securitization, securitization audit, Thief, Three Flavors, trustee, Ups

Revisiting Lehman

February 14, 2012 by Stephen Lubben Leave a Comment

For reasons that I don't quite understand, Krugman has gone all upside Taylor based on a two … [Read more...]

Filed Under: Securitization-MBS Tagged With: Bankruptcy Process, Contempt, Delong, Economics, Failure, Financial Institutions, Lehman, Mortgage Backed Security, Quot, securitization, securitization audit, Undead

Arbitration Double Standards

January 31, 2012 by Bob Lawless Leave a Comment

A case out of the Third Circuit demonstrates the frustration that many of us have with the current … [Read more...]

Filed Under: Securitization-MBS Tagged With: Abusive Practices, Appellate Court, Arbitration Case, Arbitration Clause, Arbitration Law, Binding Arbitration, Capital Letters, Consent Judgment, Consumer Arbitration, Contract Language, Contractual Language, Current State, Dell Computer, Design Flaws, Dissent, Judge Sloviter, Mortgage Backed Security, Naf, National Arbitration Forum, Quot, securitization, securitization audit, Unavailability

Should the Government or the Market Set Mortgage Down Payments? A New Study

January 24, 2012 by Melissa Jacoby Leave a Comment

UNC's Center for Community Capital has posted a new analysis of 19.5 million mortgage loans … [Read more...]

Filed Under: Securitization-MBS Tagged With: 5 Million, Act, Amp, Authors, Borrowers, Caution, Center For Responsible Lending, Consumer Finance, Dodd, Government Regulators, Latino, Mortgage Backed Security, Mortgage Down Payments, Mortgage Loans, Mortgage Payments, Quercia, Quot, S Center, securitization, securitization audit, Unc, Wayne State University

Foreclosure Timelines and Mortgage Delinquency: More Evidence from Bankruptcy

January 12, 2012 by Melissa Jacoby Leave a Comment

At the end of a lively session yesterday at Duke Law School featuring Professor Stephen Ware of … [Read more...]

Filed Under: Securitization-MBS Tagged With: Avoid Bankruptcy, Bankruptcy Data, Caveats, Consumer Bankruptcy, Consumer Finance, Cost Of Debt, Debt Problems, Debt Relief, Delinquent Mortgages, Duke Law School, Home States, Initiation, Kansas Law, Lively Session, Mortgage Backed Security, Mortgage Bankruptcy, Mortgage Delinquency, Professor Stephen, Quot, securitization, securitization audit, State Foreclosure Laws, Timelines, University Of Kansas, University Of Kansas Law School, Workouts

Robbing Peter to Pay Paul: US Economy Edition

December 17, 2011 by Adam Levitin Leave a Comment

The Administration seems to have cut a deal to extend the payroll tax cut, which is a smart economic … [Read more...]

Filed Under: Securitization-MBS Tagged With: Basis Point, Economic Benefits, Economic Perspectives, Execution Costs, fannie mae, Fannie Mae And Freddie Mac, Fha Loan, Fha Loans, Financial Institutions, Foolishness, freddie mac, Gses, Guarantee Fee, Housing Market, Lack Of Trust, Mortgage Backed Security, Payroll Tax, Payroll Taxes, Private Label Market, Quot, Robbing Peter To Pay Paul, securitization, securitization audit, Tax Cut, Utter Lack

HARP’s Dirty Little Secret: Most HARP Refis are of Positive Equity Mortgages

November 29, 2011 by Adam Levitin Leave a Comment

So the Administration has announced that it is expanding the HARP refinancing program to help … [Read more...]

Filed Under: Securitization-MBS Tagged With: 100 Ltv, 125 Ltv, Adjustable Rate Loans, Boon, Borrowers, Cash Out Refi, Dirty Little Secret, fannie mae, Fannie Mae And Freddie Mac, Fhfa, Fixed Rate Loans, freddie mac, Harp, Lt, Mortgage Backed Security, mortgages, Quot, Ratios, Refinancing, Refis, securitization, securitization audit

Now you know better than that, I said

October 18, 2011 by Stephen Lubben Leave a Comment

Over on Dealbook, I look at a fight between Lehman and Deutsche Bank regarding classification of a … [Read more...]

Filed Under: Securitization-MBS Tagged With: Billion Dollars, Columnist, Columns, Corporate Bankruptcy, Credit Slips, Dealbook, Deutsche Bank, Financial Institutions, Five Cents, Hedge Funds, Lehman, Mortgage Backed Security, Quot, securitization, securitization audit

Consumer Credit Levels Reach Their Lowest Point in over a Year

October 10, 2011 by Nathalie Martin Leave a Comment

According to a recent Reuters story, consumers are reluctant to hold debt due to the U.S. Credit … [Read more...]

Filed Under: Securitization-MBS Tagged With: Auto Loans, Blitz, Consumer Credit, consumers, Credit Card, Credit Rating, Debt Problems, Decline, Economic Conditions, Economist, Economists, economy, Europe, Investment New, Investment Research, Mortgage Backed Security, Paints, Quot, Reuters Story, Revolving Credit, securitization, securitization audit

Bully for BofA: New Debit Card Fees!

October 1, 2011 by Adam Levitin Leave a Comment

Bully for you, Bank of America. Bank of America's starting charging monthly fees for debit … [Read more...]

Filed Under: Securitization-MBS Tagged With: America Bank, bank of america, Boa, Bofa, Bully, Chipotle, consumers, Debit Card, Durbin Amendment, Financial Institutions, Frequent Flier Miles, Good Reason, Loyalty, Merchants, Mortgage Backed Security, Opponents, Payment Medium, Quot, Rewards Points, Rewards Programs, securitization, securitization audit, Starters, Usaa

Consumers, Cast Your Vote

August 11, 2011 by Katie Porter Leave a Comment

The Consumer Financial Protection Bureau has launched the first project in its "Know Before You … [Read more...]

Filed Under: Securitization-MBS Tagged With: American Consumers, Azalea, Balloon Payment, banks, Cfpb, Choices, Closing Costs, Conclusion, Consumer Debt, Credit Slips, Debt Issues, Family And Friends, Free Vote, Home Mortgage Loan, Homework, Initiative, Mortgage Backed Security, Mortgage Disclosures, Pdf, Preference, Quot, securitization, securitization audit

NY AG Unsheathes Excalibur

August 4, 2011 by Adam Levitin Leave a Comment

NY AG Eric Schneiderman came out with guns blazing in the proposed Countrywide investor settlement … [Read more...]

Filed Under: Securitization-MBS Tagged With: Bank Of New York, Bank Of New York Mellon, Borrowers, Brave Face, Breach, Complete Mortgage, Delinquent Mortgages, Eric Schneiderman, Excalibur, Financial Institutions, Foreclosure Proceedings, Fraudulent Activities, Legalese, Martin Act, Mortgage Backed Security, Mortgage Files, Mortgage Loan Documentation, Psas, Quot, securitization, securitization audit, Transfer Documentation, trustee, Trusts

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Foreclosure News

Schneiderman commends Assembly for passing foreclosure relief bills - Niagara Frontier Publications May 23, 2013
Afro AmericanSchneiderman commends Assembly for passing foreclosure relief billsNiagara Frontier PublicationsThe Foreclosure Fraud Prevention Act (A. 10629) is a program bill proposed by Schneiderman that would impose criminal penalties on residential mortgage lenders, servicers and their agents who intentionally engage in fraudulent or deceptive conduct in […]
Better Life | Banks slow down foreclosure pace in Louisville - The Courier-Journal May 23, 2013
Better Life | Banks slow down foreclosure pace in LouisvilleThe Courier-JournalHome lenders are filing to begin the foreclosure process at the same rate this year as in 2012 and 2011 in Louisville. What is new is that more than half of all foreclosure sales are being canceled before they get to the auction block. This slower rate ... […]
Charlotte foreclosure rate drops in March - Charlotte Observer May 23, 2013
HNN Huntingtonnews.netCharlotte foreclosure rate drops in MarchCharlotte ObserverThe foreclosure rate in the Charlotte area fell in March from the same month last year and was below the national rate, according to a report released Thursday by CoreLogic. But the Charlotte rate was higher than North Carolina's for the month. The ...Seacoast foreclosure r […]
West Sacramento homeowner uses new state law to stop foreclosure - Sacramento Bee May 23, 2013
West Sacramento homeowner uses new state law to stop foreclosureSacramento BeeA West Sacramento man is among the first in the state to use California's new Homeowner Bill of Rights to stop a bank from foreclosing on his home, and experts say the case marks a shift in a legal system that has traditionally favored lenders. Kevin ... […]
Foreclosure of Brennan's restaurant in the French Quarter is temporarily ... - NOLA.com May 23, 2013
Foreclosure of Brennan's restaurant in the French Quarter is temporarily ...NOLA.comBrennan's restaurant in the French Quarter has been pulled off the auction block after a judge on Wednesday called for a temporary halt to foreclosure proceedings against the beleaguered Royal Street eatery. Orleans Parish Civil District Court Judge ...and more » […]
Oregon House votes to extend foreclosure mediation - kgw.com May 23, 2013
Oregon House votes to extend foreclosure mediationkgw.comSALEM, Ore. (AP) — The Oregon House has voted to extend a requirement that some mortgage lenders meet with struggling borrowers and a professional mediator before initiating foreclosure proceedings. The mediation requirement was first adopted last ...Oregon House expands foreclosure mediation program; […]
Wasted wealth – The ongoing foreclosure crisis that never had to happen - The Hill (blog) May 23, 2013
Wasted wealth – The ongoing foreclosure crisis that never had to happenThe Hill (blog)Communities of color were targeted for subprime and riskier products, and as a result have seen higher rates of foreclosure in their neighborhoods. Data show that people of color tend to hold more of their equity in real estate, adding to the impact ... […]
Denver judge closes foreclosure; law's fate rests in federal court - Denver Post May 22, 2013
Denver judge closes foreclosure; law's fate rests in federal courtDenver Post(Joe Amon, The Denver Post). A Denver judge this week rescinded his order authorizing the county foreclosure auction of an Aurora woman's house, paving the way for the banks she sued in federal court to press for the suit's dismissal. The legal ... […]
Foreclosure Victims Protesting Wall Street Impunity Outside DOJ Arrested, Tasered - Truth-Out May 22, 2013
Foreclosure Victims Protesting Wall Street Impunity Outside DOJ Arrested, TaseredTruth-OutHundreds of foreclosed homeowners and housing rights activists rallied outside the Justice Department on Monday, May 20, to demand that Attorney General Eric Holder prosecute the Wall Street bankers responsible for the financial collapse and ... […]
Survey: The Number of Americans in Foreclosure Down 25 Percent - U.S. News & World Report (blog) May 22, 2013
U.S. News & World Report (blog)Survey: The Number of Americans in Foreclosure Down 25 PercentU.S. News & World Report (blog)The number of Americans in the foreclosure process has fallen by nearly 25 percent in the past year. As home prices rise and sales pick up, the housing crisis is increasingly becoming a distant memory as the United States recove […]

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