SUNDAY on The Foreclosure Hour: Exclusive Tell-All Interview with Bank of America Robo Whistle Blower

In case you missed the show: Click HERE

SUNDAY on The Foreclosure Hour: Exclusive Tell-All Interview with Bank of America Robo Whistle Blower – Don’t MissThis One!

Gary Dubin FHTHE FORECLOSURE HOUR
Sundays:  3 pm (HST) / 5 pm (PST) / 8 pm (EST)

Call toll free: (888) 565-8383

The topic for the Sunday, March 7th show will be: A genuine robo whistle blower who is going to reveal that he personally worked recently (four months ago) as part of an army of robo-signers in one of four Bank of America mortgage assignment manufacturing factories throughout the country (he will name their locations and give vivid details including names), falsifying loan documents, signing under oath not before notaries who have been similarly false swearing, for MERS and for the Big Banks such as Chase and for Securitized Trusts such as Bank of New York Mellon, as their supposed Assistant Vice Presidents and supposed Assistant Secretaries, negotiated the national settlement and even AFTER the Bank of America signed the AG National Settlement agreeing to stop the practice. Continue reading

Matt’s Back! The $9 Billion Witness: Meet JPMorgan Chase’s Worst Nightmare

Matt Taibbi is back at Rolling Stone – God Bless America!

1401x788-UNTITLED VANCOUVER ANDREW QUERNER-7848Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking

She tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore.  Continue reading

Little to NO Sympathy for Big Banks – New York Times

By 

NYT no sympathyIt’s no fun to be a banker these days. It is not just the increased regulation. It’s the lack of trust.

“At what point does this stop?” asked Gary Lynch, the former director of enforcement for the Securities and Exchange Commission who has gone on to jobs with many leading Wall Street firms and is now global general counsel at Bank of America.

He was referring to the escalation in penalties being levied on banks, culminating in the $13 billion JPMorgan Chase was forced to pay for a series of transgressions. Continue reading

Is Jamie Dimon Still the President’s Favorite Bankster?

ROLLING STONE – FEATURE:
Chase, Once Considered “The Good Bank,” Is About to Pay Another Massive Settlement
By POSTED: July 18, 12:20 PM ET

Jamie Dimon Libor SubpeonasDuring the financial crisis, while Dr. Evil-ish Wall Street villains like Goldman and Lehman Brothers were getting all the bad press, pundits continually referred to J.P. Morgan Chase as the “good bank.” The myth of Chase as the finance sector’s one upstanding rock of rectitude reached its zenith in July of 2009 with an embarrassingly hagiographic piece in the New York Times entitled, “In Washington, One Bank Chief Still Holds Sway.” In that one, the paper breathlessly praised Jamie Dimon for emerging from “the disgrace of his industry” to become Barack Obama’s “favorite banker.”

Continue reading

REMIC Armageddon on the Horizon?

explosionIt’s about time somebody recognized it.   and Brad Bordon posted a dynamic review of the most recent ‘slap down the banks’ cases of Saldivar and Erobobo and the potential impact on the [failed] REMIC tax shelters in REFinBlog.

David Reiss writes: “Brad Borden and I have warned that an unanticipated tax consequence of the sloppy mortgage origination practices that characterized the boom is that MBS pools may fail to qualify as REMICs.  This would have massively negative tax consequences for MBS investors and should trigger lawsuits against the professionals who structured these transactions. Courts deciding upstream and downstream cases have not focused on this issue because it is typically not relevant to the dispute between the parties. Continue reading

MERS – TOO MANY DEAD DUCKS

patent_officeWhile fishing for bank-related patents this gem surfaced and jumped into the net.  At first it wasn’t apparent it was a keeper because the UETA issue has not been in the forefront of foreclosure defense. However, taking the time to dissect the document it became apparent that, as some of us have suspected, there is a mandatory methodology from the origination of the mortgage loan on a trip to the securitized trust that includes the EXPLICIT CONSENT of the obligor (homeowner).

Yup… It appears the road to securitization needs an electronic record that the “issuer” aka the “obligor” has explicitly consented to at the time of origination. Yeah, ya think maybe that was the real intention of MERS aka Mortgage Electronic Registration Systems, Inc.? But it looks like it didn’t have all its ducks in a row. This is a lot to digest – but you need to know and understand this information in order to plead your case correctly before the courts. Continue reading

HAMP – The Modification Scam …and NOW SETTLEMENT SHAM!

By Shelley Erickson, January 18, 2013

HOC_slide01_01The contents in the synopsis of the Wall Street and the Financial Crisis: Anatomy of a Financial Collapse will bring you up to speed on how, why and what happened causing the recent crimes against the homeowners by the banks, S&P and our politicians that led us into the HAMP & MOD SCAM AND NOW SETTLEMENT SHAM. Continue reading

A Former Chase Banker Spews His Unethical Guts

The banner NY Times headline was compelling, A Banker Speaks, With Regret By Published: November 30, 2011    The NY Times begins:

“If you want to understand why the Occupy movement has found such traction, it helps to listen to a former banker like James Theckston. He fully acknowledges that he and other bankers are mostly responsible for the country’s housing mess. As a regional vice president for Chase Home Finance in southern Florida, Theckston shoveled money at home borrowers. In 2007, his team wrote $2 billion in mortgages, he says. Sometimes those were “no documentation” mortgages.

“On the application, you don’t put down a job; you…  Continue reading

Part II – The Elites will Eat Their Own: Full-Blown Civil War Erupts On Wall Street

Part II:  Full-Blown Civil War Erupts On Wall Street: As Reality Finally Hits The Financial Elite, They Start Turning On Each Other

By David DeGraw

Continuing from Part I on DEADLY CLEAR:

You can read the suits filed against each individual bank here. For some more information read Bloomberg: BofA, JPMorgan Among 17 Banks Sued by U.S. for $196 Billion. Noticeably absent from the list of companies being sued is Wells Fargo.

And the suits just keep coming…

BANK CRIMESBofA sued over $1.75 billion Countrywide mortgage pool

Bank of America Corp (BAC.N) was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the bank to buy back the underlying Continue reading

Forget Failing Banks — Save More of Your Money with Credit Unions

Forget Failing Banks — Save More of Your Money with Credit Unions

By John-Michael Haines

August 19, 2011
money in between mattressFor many Americans, saving money involves depositing part of our paycheck into a bank savings account. Sure, some people stash their cash under the mattress, but most of us are members of a large national bank that we trust to keep our money safe. Continue reading