Behind the Securitization Curtain – 21st Century Mortgage Casino

Posted on April 18, 2012 by Deadly Clear

The turn of the century mortgage lending fiasco was built like a 21st Century casino.
The entire scheme started with the homeowner who wanted to buy a home or refinance at unbelievable interest rates… too good to be true… and they were!

It all started with a loan application called a “1003.” EVERY lender in the scheme used the same loan application software. In fact, Fannie Mae patented the sucker. Inside this specific patent are numerous patents related to and referenced that make up the beloved 1003 loan application. These patents are listed on line in the USPTO.

One of the reference patents is a gem called the “Online system for fulfiling loan applications from loan originators” and it describes how technological methodology is integrated into the mortgage lending process. Continue reading →

LISA FOR CLERK!

Posted on April 4, 2012 by Deadly Clear

As the Wall Street mortgage-backed securities fraud collapsed the United States economy Florida began to get hammered. Heavily weighted in Florida loans, targeted Florida homeowners of these failing trusts were the first to feel the brunt force of foreclosures.

From the financial force majeure grew a group of “warriors” that knew something was wrong and they began combing the county records for clues. Among the first of the warriors was Lisa Epstein, an oncology nurse in Palm Beach County, Florida who started noticing something new — and unsettling — as patients talked about their struggles. Not only were her patients and their families coping with a serious diagnosis and the cost and side effects of treatments, but more and more of them were also facing the loss of their homes. Continue reading →

The Securitization Curtain is Lifting in Hawaii!

Posted on March 29, 2012 by Deadly Clear

One of the most important decisions for Borrowers Rights in the history of Hawaii has been made with this decision. Honorable Judge J. Michael Seabright of the Hawaii United States District Court, today GRANTED the homeowners’ Motion to Dismiss the case filed against them in federal district court by Plaintiff Deutsche Bank National Trust Company, as Trustee Morgan Stanley ABS Capital I Inc. Trust 2007-NC1 Mortgage Pass-Through Certificates, Series 2007-NC1. Continue reading →

SECURITIZED DISTRUST

Posted on March 15, 2012 by Deadly Clear

by Gary Victor Dubin, Honolulu, Hawaii

Gary Victor Dubin was a dynamite Honolulu foreclosure defense attorney with over 40 wins by the DUBIN LAW FIRM in Hawaii foreclosure courts for his clients just in the last year. This is a stunning success given the current judicial climate in Hawaii, not to mention the complexity of securitization, the hidden frauds…and of course, card games and golfing with banksters doesn’t help either. We now fondly call Gary, “Professor Dubin” – no one else has ever achieved his success.

Dubin’s essay “Securitized Distrust” is a culmination of insight with over 20+ years of first hand litigation and this leads right into our latest discovery of WaMu multiple trust loan assignments. Shuffling or fraud… or both?

Continue reading →

HAWAII SENATE RESOLUTION DIRECTING THE ATTORNEY GENERAL TO INVESTIGATE CASES WHERE FRAUDULENT TRANSFERS AND ASSIGNMENTS OF MORTGAGE LOAN DOCUMENTS ARE ALLEGED.

Posted on March 9, 2012 by Deadly Clear

HAWAII SENATE CONCURRENT RESOLUTION S.C.R. NO. 39 – NEEDS YOUR SUPPORT AND TESTIMONY BEFORE MARCH 13, 2012 at 10:15 A.M.

Honolulu, Hawaii March 9, 2012 Mahalo Hawaii Senators!

In an effort to get the Hawaii Attorney General’s focus on the fraudulent documents filed in the Hawaii Bureau of Conveyances, the Hawaii Senate drafted a Concurrent Resolution in cooperation with the House Representatives:

“DIRECTING THE ATTORNEY GENERAL OF THE STATE OF HAWAII TO INVESTIGATE CASES WHERE FRAUDULENT TRANSFERS AND ASSIGNMENTS OF MORTGAGE LOAN DOCUMENTS ARE ALLEGED“…and just in time. Continue reading →

Confidence Game – The Film Unraveling Mortgage Fraud

Posted on March 3, 2012 by Deadly Clear

Are Promissory Notes actually Securities before the homeowner signed the mortgage documents? That’s a heavy thought isn’t it?

Listen to short clip here.

As DeadlyClear interviewed Blue Chip Films Producer/Director Nick Verbitsky about his new documentary film Confidence Game based on the demise and collapse of Bear Stearns, there emerged a confirmation to a missing piece of the mortgage-backed securitization process long suspected by foreclosure defense researchers and analysts that may expose a whole new avenue of fraud and even invalidate/void mortgage loan documents.

Continue reading →

A Leopard Doesn’t Change It’s Spots – Don’t Expect Wall Street Banks To

Posted on February 8, 2012 by Deadly Clear

The proposed multi-state Attorneys General Wall Street bank fraud settlement has been the top-watch of foreclosure defense families and attorneys at war with the banks.

The disapproval of this settlement ranks highest among those in the throws of research and who understand the mathematics (or lack of) bantered about by various news stories.

The real statistics are staggering. Continue reading →

REALITY CHECK – SECURITIZATION FAIL!

Posted on February 3, 2012 by Deadly Clear

If you do nothing else this weekend – PLEASE read this post.
If you are a Legislator –
this is imperative to your better understanding of the current foreclosure crisis
and why your Attorney General should NOT sign the servicer settlement agreement
… yet.
Yes, it’s long – it’s factual, hang in there and you’ll learn what you need to know.

BY ABIGAIL CAPLOVITZ FIELD | FEBRUARY 2, 2012

WARNING: Attention homeowners: Do not read this post as legal advice. Although the information in this post is true, securitization fail, even of your loan, will not typically prevent the bank from foreclosing on you, unless you have a good lawyer. Even then, realistic end game is a sustainable modification, not a free house. More after the post. Continue reading →

“Stay in Your Homes – You Are Going To Find They Don’t Have That “Paper” Up There On Wall Street”

Posted on February 1, 2012 by Deadly Clear

One of the outstanding interviews after President Obama announced there would be an investigative task force into the Wall Street banks’ mortgage fraud was aired on The Rachel Maddow Show on Jan. 28, 2012. It is a MUST WATCH TV interview – click here.

New York Attorney General Eric Super-Schneiderman has been appointed by President Continue reading →

The Reality of Mis-Perception – Bankster Brainwashing & Barack

Posted on January 26, 2012 by Deadly Clear

A good friend once said, “Perception becomes the reality.”

When opinion is accepted as fact, perception soon becomes reality, at least for those who share these opinions and cling to the resulting perceptions. Herein lies the reason for the division in America today and unless we make a concerted effort to separate perception from reality, opinion from fact, fiction from truth, that division will continue [JB Williams 2005].