Yield Spread – Kickbacks R Us

OK the core of this info comes from the mighty Neil Garfield’s blog site.   It’s an excellent example of how the money flows and is a MUST READ for those confused or unsure of how the banks have been able to steal money.   Power through the bond example first and this will make [...]

Toxic Titles: Part One – “I don’t want THAT house”, says bank.

There are several type of title cloud issues which are rearing their ugly head.  The biggest two are:

“Ops!  I Changed My Mind I Don’t Want Your Home” and the
“How Did This Extra Lien Get On My Home”.

In this article we’ll cover the first one…
Federal Reserve Board Governor, Elizabeth Duke, tackled this in a recent speech [...]

Confession from the Treasury…HAMP is a dud!!

Finally they fessed up!  While Neil Garfield refers to mortgage servicers and trustees as pretender lenders. The U.S. Treasury has been playing pretend for months as well and final conceded that the Home Affordable Modification Program (“HAMP”) is a dud. The 10-month-old program is going nowhere, said the Treasury, because big institutions [...]

Evidence. Where’s the proof!!!

The biggest mistake most people make is not knowing basic rules of evidence.

Testimony from a “copy” is inadmissible. Testimony is inadmissible unless it comes from a witness accepted by the court — not some lawyer lathering up his mouth and using finesse to escape the rules of evidence.   Every witness must be sworn, must [...]