All posts tagged "residential mortgage backed securities"
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521BankersReal Estate, Mortgages and Loans: Crowdfunding PeerStreet Crashes Into Bankruptcy
Crowdfunding Real Estate Collapses as the Play on Residential Mortgage Back Securities (RMBS) fails with former Rescap Officers at Helm.
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960Appellate CircuitDenied Rights? Homeowner Barred from Viewing Own PHH Loan File But US Gov Can Demand Direct Access
Federal law, the RFPA, authorizes US gov to obtain 300 PHH Mortgage loan files without notifying or obtaining the consent of any...
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668AccelerationMega Financial Crisis Settlement for Investors But Zero Compensation for True Victims: The Homeowners
The 2008 Scandal: DOJ admits predatory lending was responsible but settlement provides no restitution for true victims: the homeowners.
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1.2KAppellate CircuitRewind 2008: As Phoenix Explained to SCOTUS in 2022, Securitization is a Conflicting Mess
Assignment of the claims back to Petitioners was the only solution to avoid the untenable position of an Indenture Trustee suing itself.
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894AccelerationRewind 2008: Beau Biden “The Mortgage Crisis Was No Accident”.
The financial system only works when everyone plays by the rules and when rules are broken, public servants need to fight for...
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756Appellate JudgesThe Department of Justice Foreclosure Crisis Settlements for Homeowners Were Shameful and Unlawful Sayeth Congress
It is a cruel irony that those who have lost the most to the foreclosure crisis seem to be helped the least...
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1.2KAppellate JudgesState Supreme Court Rules Jury, Not Judge Decides. Not So The Second Circuit, a Federal Court
The State Supreme Court held that the issues should be decided by the jury, not a judge. But truthfully, its decision is...
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1.3KAccelerationRewind: The FCIC Report of 2011 Records the Greed of Bankers and the Criminal Theft of Citizens Homes
The profound events of 2007 and 2008 known as the financial crisis or the great recession and blame is documented in the...
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1.0KBankersOwl Creek v Ocwen, S.D. Fl. is a related Lawsuit to Brahman Partners Filed and by Same Law Firms
LIT has focused on the Magistrate Judge's motion to dismiss findings and order. As with the Brahman Partners case, this law suit...
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1.5KBankersBrahman v. Bill Erbey, Ocwen Altisource et al Ends in a Private Settlement
Ocwen did not have appropriate rules and procedures in place to prevent potential conflicts of interest, or, if Ocwen did have those...
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2.2KBankersErbey Holding Corporation, et al. v. Blackrock Financial Management Inc., et al.
You'd never think William Erbey's Ocwen Altisource has been fined in excess of $3 Billion dollars when you read his tale below....
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1.7KEditors ChoiceTrumps’ Cabinet in 2020 and How They Plan to Make Recession Great Again (for Wall Street Bankers)
LIT Editor's Comment: If this passes, it is a Disaster for Democracy. Securitization is for making the bankers and the rich, more...
