Tag Archives: Lender Liability

Mortgage servicing and standing

Cramdown Controversy #2–Will I “Succeed?” posted by Katie Porter Our active readers at Credit Slips already started debating the second controversy about the pending cramdown legislation: is the failure rate of chapter 13 too high to make mortgage modification in … Continue reading

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insider mers memo foreclosure procedures all states

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A Homeowners’ Rebellion: Could 62 Million Homes be Foreclosure-Proof?

62 MILLION HOMES ARE LEGALLY FORECLOSURE -PROOF Posted 7 hours ago by Neil Garfield on Livinglies’s Weblog EDITOR’S NOTE: YES IT MEANS WHAT IT SAYS — WHICH IS WHAT I HAVE BEEN SAYING FOR THREE YEARS. BUT JUST BECAUSE SOME … Continue reading

Posted in 2923.5, 2923.6, 2924, Foreclosure, mortgage meltdown, Mortgage modification, Predatory Lending, stop foreclosure | Tagged , , , , , , , , , , , | 1 Comment

Countrywide settlement pays fraction to investors – Shell Game Continues

Countrywide settlement pays fraction to investors – Shell Game Continues Posted on August 16, 2010 by Neil Garfield EDITOR’S NOTE: The shell game continues. While the media picks up stories about “settlements” giving rise to the presumption that Countrywide Home … Continue reading

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MERS to big to punish

The issue before the court boils down to whether MERS qualifies for certain exemptions from corporate tax registration required under section 23305 of the California Revenue and Tax Code. If it does not qualify for exemption, then MERS’ contracts are … Continue reading

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Gretchen “Gets It” but misses the mark

Posted on July 25, 2010 by Neil Garfield It’s no secret that I admire Gretchen Morgenson of the New York Times. Her articles have penetrated deeper and deeper into the realities and logistics of the Great Financial Meltdown. But she … Continue reading

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Securitized Mortgage: A Basic Roadmap

The Parties and Their Roles The first issue in reviewing a structured residential mortgage transaction is to differentiate between a private-label deal and an “Agency” (or “GSE”) deal. An Agency (or GSE) deal is one involving Fannie Mae, Freddie Mac, … Continue reading

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