When it rains it pours and when a bank fails, the FBI is going to find out why.

The facts are that the fraud and financial crimes ran rampant from all sides of the mortgage and real estate equation.

From the loan officers, appraisers, Realtors, notary publics, underwriters, account executives, managers, investors, brokerages, borrowers and the list can go on and on into eternity. But when it all comes down to finding the master minds of this fraud and world wide ponzi scheme, you can look no further than the king pins. The Don’s, Mozilo’s, the big wigs and the so called “untouchables” of the corporate world. Read the rest of this entry »

Can’t afford your home or your loan? Heck, just put in on your charge card and forget about it.

Well, at least until your credit card bill comes due next month and now Guido wants his money. One more month with your head above the toxic water and a temporary plug in your foreclosure boat for a few more weeks.

Is this a great great idea or just another debt trap for Americans? Read the rest of this entry »

Nomi Prins, what are the five ways that Washington and Wall Street has brought us to this crisis?

NOMI PRINS: Well, it’s a historical matter, and basically there’s been a lot of legislation that has weakened the regulation of the housing industry and the lending industry and the trading that takes place with it that Wall Street has enacted and has gotten us into this major, major credit mess. Read the rest of this entry »

There are a lot of myths surrounding lenders and servicers as to what they will and will not do during the loan modification process. 

The confusion and inaccurate data that is propagating the internet and the news is based on ill-informed bloggers or journalists who really have no idea what is going on in the loss mitigation arena. This to me is akin to someone who studies baseball and claims to be an expert, but has never caught a ball or swung a bat in their lives. How can anyone take them seriously? How can these same people be relied on by the media as “experts” when they have never even played the game? Read the rest of this entry »

By Paul Kiesel

Over the last 15 years, there have been five “avoidable events” stemming from Wall Street’s or Congress’ actions (or inaction), that led directly to the mortgage crisis. Read the rest of this entry »

Get your gloves on and start training for the fight of your life because foreclosure defense is going to be no easy battle. Make no bones about it, you are definitely fighting against one of the toughest and most powerful opponents in the world.

The banks! Read the rest of this entry »