“Screw The Next Generation” Anonymous Congressman Admits To “Blithely Mortgaging The Future With A Wink & A Nod”

Dump ’em!

justiceleague00's avatarJustice League

FYI: The book will be released on May 24, 2016 on Amazon. And according to Amazon, the book is:

#1 Best Sellerin Political Science

Get the popcorn ready!

A shockingly frank new book from an anonymous Democratic congressman turns yet another set of conspiracy theories into consirpacy facts as he spills the beans on the ugly reality behind the scenes in Washington. While little will surprise any regular readers, the selected quotes offered by “The Confessions Of Congressman X” book cover sheet read like they were ripped from the script of House of Cards… and yet are oh so believable…
A devastating inside look at the dark side of Congress as revealed by one of its own! No wonder Congressman X wants to remain anonymous for fear of retribution. His admissions are deeply disturbing…

“Most of my colleagues are dishonest career politicians who revel in the power and…

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California Supreme Court’s decision on old foreclosure may cost future borrowers

Oh what a stupid threat. Technical error? Is that like ministerial clean up? Get a grip dude, the only reason loans were not timely assigned is because they are merely pledged “nemo dat” to the trust until default. Meanwhile, the big boys are using the collateral in rehypothecation deals to beef up their miserable bottom lines. It ain’t no “technicality” – just like these aren’t traditional mortgage loans. These are securities transactions from the onset with no disclosure to the homeowner.

justiceleague00's avatarJustice League

SAN FRANCISCO — The cost to obtain a home loan may go up due to a recent California Supreme Court decision that paves the way for homeowners in default to challenge the validity of their foreclosure, according to a financial industry attorney specializing in lending disputes and real estate.

The California Supreme Court ruled earlier this year in Yvanova v. New Century Mortgage Corporation that “a home loan borrower has standing to claim a non-judicial foreclosure was wrongful” if the foreclosing party does not have the authority to order a trustee‘s sale.

In 2006, New Century granted Tsvetana Yvanova a $483,000 mortgage. The lender went bankrupt the following year. New Century is said to have pooled, securitized and transferred Yvanova’s mortgage to trustee Western Progressive in 2011. Yvanova subsequently defaulted on her loan, and Western Progressive auctioned her home in 2012.

Yvanova’s lawsuit argues the foreclosure was illegal and void…

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The Beginning or the End for Loan Servicer Ocwen?

Are we ready to invent the new Monopoly game? Can’t you just picture it? Instead of Boardwalk and Park Place we get Chase and BofA; Connecticut, Vermont and Oriental Avenues become AHMSI, Homeward Residential and Ocwen. There’d be a lot more get out of jail free cards and Community Chest would become Office of Controller of Currency and Chance would be Federal Reserve. Yeah, I can envision the entire game – how many times can we bankrupt them?!