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davies910

davies910
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  • Banks this Friday will begin making payments to ~4.2M borrowers whose homes were in any stage of foreclosure in 2009-10. The payments, which will range from $300 to $125K, are compensation for the robo-signing scandal when bank employees said foreclosure documents were correct without reviewing them. Part of the settlement: BAC, C, GS, HBC, JPM, MET, MS, PNC, SAN, STI, USB, WFC[View news story]
    Tack,

    Your comment is out of line.
    Trying understanding the issues.
    Isn't the word Countrywide enough for you to understand the word fraud.

    Best
    Apr 9, 2013. 12:07 PM | 3 Likes Like |Link to Comment
  • Rogue Foreclosures: The Larger Threat [View article]
    Where have you lived in the last decade.
    Origination fraud.
    MERS fraud. It was created to make an opaque system.
    Indymac Bank failed--officers charged with fraud.
    Beazer Homes-fraud.
    Countywide fraud.
    Colonial Bank fraud in warehouse--DOJ closed them.
    These companies broke the law. There are real estate laws.
    The lack of over sight and attitudes like yours is why AIG debt was paid 100 cents on the dollar.
    Sep 30, 2010. 10:28 AM | 4 Likes Like |Link to Comment
  • Rogue Foreclosures: The Larger Threat [View article]
    You are correct.
    The problem now is that the total number of foreclosures in underwater areas coupled with the job losses are affecting people with intelligence.
    These educated people are not rolling over. They are fighting and are the reason JP Morgan, GMAC have ceased their illegal activities.
    This is just the start.
    Wells Fargo is next.
    These will all roll over, and then the who MBS MERS scam will be revealed.
    Sep 30, 2010. 10:24 AM | Likes Like |Link to Comment
  • Rogue Foreclosures: The Larger Threat [View article]
    You are right. I would like to share a complaint against North American Tile. They were owned by Lennar. Lennar was the builder, lender, trustee of the deed of trust, insurance, title, excrow and a long list of fully integrated businesses. The only outsider was the appraiser who they routinely used.
    b.daviesmd@gmail.com
    Sep 30, 2010. 10:20 AM | Likes Like |Link to Comment
  • The New Foreclosure Trend [View article]
    It seems to me this just shows that the process doesn't work. Remember those who don't pay are one's who were not allowed to pay so that they would be foreclosed upon and have to leave the house. We that was with <1% default rates. Obviously if another approach was to deal with this in another way say reset the value at a reasonable market price those numbers would change.
    Now the banking greed is so bad that they do not want to help. The make more by the servicer adding their bills to the total and when the property is sold the servicer is paid first. The servicer doesn't care they will make their money eventually.
    It is remarkable your number $1.6BB was the profit generated in 1 year by Onewest Bank FSB. So those number a obviously different that what the true numbers are found to be.
    Mar 18, 2010. 11:44 AM | Likes Like |Link to Comment
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