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

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

Mr. Debt Collector meet My Little Friend…Steven Katz

May 2, 2010 By BankSlayer 1 Comment

Can you levy a judgment win against a bank or creditor by applying it to your loan?  Your mortgage loan is an asset for the bank so in theory this will work.  It’s an interesting idea posed by Neil Garfield. Regardless, fighting bank that are trying to collect on you is a daunting task unless [...]

Filed Under: Blog for Homeowners Tagged With: collection agency, consumer protection law, CORRUPTION, Fair Debt Collection Practices Act, foreclosure, foreclosure mill, Forensic Analysis Workshop, GTC | Honor, Houston, Investor, Jack Gordon, Minneapolis trial lawyer, MODIFICATION, mortgage, Motion Practice and Discovery, National Loan Recoveries, Peter Barry, Rozanne M. Andersen, securities fraud, Securitization Survey, Servicer, STATUTES, Steven Katz, Texas, trustee, Tucson, WebRecon