Naked Capitialism’s Yves Smith updates the ‘no transfer of the mortgage backed part’ story of Countryside in court testimony disputed by B of A attorney… hmmm. Sinking deeper… We expect she is exactly right on this: the denials will get louder and more vociferous until the evidence overwhelms the noise – note her remarks regarding [...]
Posts Tagged ‘nakedcapitalism’
Multiple Pledges, Multiple Sales, Multiple Buyers: How Did The Banks Do It?
26
Oct
Washington’s Blog brings this great piece to nakedcapitalism as a guest post and this one is deep. But worth it. Read the entire careful detail of how the scam is run -it will make a few lights go on – we are sure you will agree. These answers are coming from the top economic minds [...]
Not Mere Paperwork Say Masaccia, Smith
25
Oct
hmmm hmmmm hmmmmm The plot sickens… Masaccio: Foreclosure Fraud Isn’t Mere Paperwork from naked capitalism by Yves Smith By masaccio, first posted at FireDogLake. Yves here. Note that masaccio uses “indorsed†when laypeople would use “endorsedâ€. For some weird reason, in bankruptcy matters, the term of art is “indorseâ€. To masaccio’s post: The administration and [...]
April Charney, Yves Smith – Moratoriums Not Happening… For Real: Banks say they will “Fix” Paperwork And Resume Foreclosures…
14
Oct
The banks said that they were calling a moratorium on foreclosures – uh HUH. Well we are seeing evidence from personal contacts all over the country that the banks are still foreclosing. When our folks call Bank of America the message says: They said the “delay” is on sale of foreclosed property, but “other foreclosure proceedings will [...]
Yves Smith Reports on Federal Bankruptcy Trustee Joining Litigation Agaisnt LPS
11
Oct
Oh – Lender Processing Services had a bad day! Oh, Jeeez. We’re really feeling bad about that. NOT! Lender Processing Services Has a Very Bad Day: Federal Bankruptcy Trustee Joins Litigation Against LPS on Behalf of All from naked capitalism by Yves Smith Lender Processing Services, which provides “technology†services to servicers and foreclosure mills, [...]
Obama Gives Banks Another Pass; State AG’s Not So Much
11
Oct
How the world can change in a weekend. On Friday everyone was predicting Obama would pocket veto H.R. 3808 and would stand up for the rule of law, due process in our courts and against the now seriously unraveling cover-up of what looks to be a massive securitization fraud by the banks which could have [...]
Foreclosure Fraud: It Just Keeps Getting Better… Er, Worse!
29
Sep
Now in this piece it turns out that 20% of all Florida Foreclosure cases have major issues – well, we actually bet that the number is much higher. Much higher. But that’s just us – and we’re decidedly opinionated on the topic. The Foreclosure FUBAR is getting FUBAR-ier it seems… More Foreclosure Mess Updates: 20% [...]