Fannie Mae requiring borrower to be more credit worthy. Say it isn’t so!

May 5, 2010 By BankSlayer Leave a Comment

Citing the need to protect borrowers from mortgage payments that potentially balloon out of control, Fannie Mae is putting forward new standards for the purchase and securitization of adjustable-rate mortgage (ARM) products. Why stop now?  You have unlimited U.S. taxpayer money.   Everyone NEEDS to have a home.  More loans, more loans, more loans.  A mortgage [...]

Filed Under: Blog for Homeowners Tagged With: bubble, CDO, CORRUPTION, currency, Eviction, Fannie Mae, foreclosure, foreclosure mill, Harris County, Houston, Investor, MERS, MODIFICATION, mortgage, securities fraud, Servicer, STATUTES, Texas

Chase produces a Fraudulent Assignment of Mortgage

May 4, 2010 By BankSlayer 1 Comment

J.P. Morgan Chase along with its attorneys cranked out some bogus docs or so it seems.   These guys will stop at nothing to get their way.  Thanks to 4closurefraud.org for posting this info. – The Bank Slayer J.P. Morgan Chase / LPS Produced a Fraudulent Assignment of Mortgage! Memorandum of Law of The United [...]

Filed Under: Blog for Homeowners Tagged With: 4closurefraud, appeal foreclosure, assignment, bankruptcy, carol asbury, CDO, cds, Charles Herndon, clouded title, conspiracy, criminal, Diana G. Adams, Docx, fight the banks, foreclosure, foreclosure defense, Foreclosure Fraud, JP Morgan, JPMorgan, JPMorgan Chase, livinglies, lps, Memorandum of Law, MERS, Mortgage Electronic Registration System, neil garfield, produce the note, ROBERT E. GERBER, sanctions, Scott Walters, securities fraud, securitized, Silvia Nuer, wrongful foreclosure

No Trust in the Trustee – Rigging foreclosure auctions for profit

May 3, 2010 By BankSlayer Leave a Comment

“There is no trust in this business” said the foreclosure trustee.  Scary huh?  This isn’t some fictional story.  This is real life in Harris County, Houston, Texas. Recently, members of our team confronted the Trustee that was about to auction off the homestead of one of our clients.  In our hand was the Temporary Restraining [...]

Filed Under: Blog for Homeowners Tagged With: Antitrust Division, Auctions of Foreclosed Properties, Benjamin B. Wagner, Bid Rigging, bubble, CA, CASES, CDO, Christine Varney, conspiring to rig bids, CORRUPTION, currency, Department of Justice, Eviction, expert witness, Fannie Mae, Federal Bureau of Investigation, Financial Fraud Enforcement Task Force., foreclosure, foreclosure mill, Harris County, Houston, Investor, Judge Edward J. Garcia, Lauren Horwood, MERS, MODIFICATION, mortgage, Mortgage Fraud Working Group, Obama, Robin R. Taylor, Russell L. Carlberg, SACRAMENTO, San Joaquin County, San Joaquin County District Attorney’s Office, securities fraud, Securitization Survey, Servicer, Sherman Act, STATUTES, Stockton Real Estate, Texas, TRO, trustee

IndyMac is a shady operation – HAMP, we don’t need no stinking HAMP

May 2, 2010 By BankSlayer Leave a Comment

IndyMac is a shady operation.  One of our staff used to be on the inside working against homeowners but (in my words…turned his life around) and now battles for home owners. He tells tales of “being trained” on programs like HAMP and seeing blacked out sections.   When he asked why IndyMac (now OneWest) redacted [...]

Filed Under: Blog for Realtors Tagged With: bubble, CASES, CDO, CORRUPTION, Eviction, expert witness, Fannie Mae, FDIC, foreclosure, foreclosure defense, foreclosure mill, Fort Bend, FSB, FSB and OneWest Bank, HAFA, HAMP, Houston, IMB, IMB Holdings, IndyMac, Investor, Lender Liability, Loan Sale Agreement Between the FDIC as Receiver for IndyMac Federal Bank, Master Purchase Agreement by and among FDIC as Conservator for IndyMac Federal Bank, MODIFICATION, mortgage, Motion Practice and Discovery, neil garfield, OneWest, Purchase and Assumption Agreement, quiet title, realtor, securities fraud, securitization, Securitization Survey, Servicer, Shared Loss Agreement Between the FDIC as Receiver for IndyMac Federal Bank, STATUTES, Texas, trustee, workshop | Tagged: Balance Sheet Summary