Category Archives: derivatives
Why MERS should be dismantled
This registry of notes, among other more diabolical things allows the notes to be traded like stocks on a stock exchange. Prior to the existance of MERS, the note and the parties of
Testimony of Shiela Bair, Chairman FDIC
Statement of Sheila C. Bair, Chairman, Federal Deposit Insurance Corporation on Problems in Mortgage Servicing from Modification to Foreclosure, Part II; Committee on Banking, Housing, and Urban Affairs, U.S. Senate; 538 Dirksen Senate Office Building December 1, 2010 Chairman Dodd, Ranking Member
Principal Reductions-The Reality
Has anyone had a client receive a notice of conditional acceptance for a Principal Reduction from Bank of America? Any other national lenders? They are happening, I have some of them here in my office
securitization audits
Securitization Audits-Questioning Securitization of Mortgages I just watched the latest Michael Moore movie, “Capitalism, a Love Story”. This was my second look. I know a lot of people don’t think much of Michael Moore. I have a great deal of respect




