EMERGENCY NOTICE: New Century Mortgage Trustee Motions to Destroy Mortgage Files

Posted on February 22, 2013 by Deadly Clear

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February 28, 2013 – See Attorney Wendy Alison Nora’s Comment below –

ATTENTION ALL NEW CENTURY MORTGAGE HOMEOWNERS AND FORECLOSURE DEFENSE ATTORNEYS:

NOTICE OF MOTION TO DESTROY NEW CENTURY MORTGAGE LOAN FILES

On February 14, 2013, New Century Mortgage Liquidating Trust Trustee, Alan M. Jacobs motioned the court to allow him to destroy and abandon “certain” Mortgage Loan and Business files (Order Authorizing the Immediate Abandonment and Destruction of Certain Mortgage Loan Files and Non-Mortgage Loan Business Files). It is so immediate that respondents have only until February 28, 2013 to answer! Click here for the Destruction of Files Motion. Continue reading →

EXPERT WITNESSES: Fraudulent Assignments of Mortgage are Void

Posted on November 30, 2012 by Deadly Clear

Good information sometimes bears repeating.

The over-burdened judiciary isn’t always up to speed as quickly as it ought to be and good case law doesn’t always make it to the top of the pile for the clerks to review and digest. Even good attorneys occasionally miss pertinent material.

So, let’s go back to about 2 years ago when Yves Smith, who is an absolutely brilliant author and blogger of “NakedCapitalism” and 4closureFraud, truly a leader in the foreclosure defense blogging pack, wrote about an Alabama securitization case named U.S. BANK v. ERICA CONGRESS.

Of course the case went to appeal and the outcome of the appellate decision was a unanimous decision, the Alabama Court of Civil Appeals reversed a lower court decision on a foreclosure case, U.S. Bank v. Congress and remanded the case to trial court. The reasons hinged upon 2 superb expert witnesses. Continue reading →

New Hampshire Sheriff Launches Mortgage Bank Fraud Investigation. “We need to shine the light on everything.”

Posted on July 11, 2012 by Deadly Clear

“People have an absolute right to be protected in their homes and their homes to be protected,” said Christopher Conley, High Sheriff of Carroll County NH, who held a press conference announcing that he is forming a task force to investigate mortgage fraud.

Mortgage Movies, 4closureFraud, and zerohedge posted Sheriff Christopher Conley’s press conference announcing his new task force and proudly stating, “I am announcing the formation of a task force to investigate mortgage fraud throughout Carroll County – criminal fraud.”

Every city and town in every state across America should be doing the same thing. The Sheriff states, “There are thousands of property owners throughout the county that may be affected…

Continue reading →

Oh, New Century…What a wicked web you weave…

Posted on July 1, 2012 by Deadly Clear

The new word in the securities fraud cover-up banter is “ministerial” – and so very far from the truth.

On April 2, 2007, New Century Financial Corporation and its related entities filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, District of Delaware and is currently heard and administered by the Honorable Kevin J. Carey.

With the filing of bankruptcy, New Century took down a list of affiliate / entities including New Century Mortgage Corporation, Home123 Corporation, New Century Mortgage Ventures, Midwest Home Mortgage, among a host of others. New Century was one of the Continue reading →

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 →

“Crappy settlements” have become a cheap payoff system not serving the public interest.

Posted on November 30, 2011 by Deadly Clear

It will only continue to get worse. What will it take for our politicians and government to understand that the securities fraud committed by Wall Street and their associates have created joblessness, homelessness, foreclosure and eviction that has affected families across the country? How can we continue to ignore the enormous wrongs?

Judge Rakoff was right when he told the Securities and Exchange Commission that their deal with Citigroup Global Markets, Inc. was not transparent enough and stated,
“[T]he Supreme Court has repeatedly made clear, however, that a court cannot grant the extraordinary remedy of injunctive relief without considering the public interest.”

The public interest has been sorely damaged by the fraud committed by the Wall Street Continue reading →

How & Why the Big Banks’ Lobbyists Killed Foreclosure Mitigation

Posted on October 10, 2011 by Deadly Clear

BIG BANKS OWN CALIFORNIA TOO
By Lee Fang, October 8, 2011

As the 99 Percent Movement takes shape across the country, citizens are demanding that Congress represent the public interest instead of the whims of bankers and big corporations. For instance, after demanding and receiving massive bailouts, Wall Street banks successfully lobbied Congress to crush any serious effort to mitigate the foreclosure crisis. The spectacular bank lobbying coup in Washington prompted Sen. Dick Durbin (D-IL) to remark that the banks “frankly, own the place.” [read more on NationofChange.org].

And the answer to the $10 million question…. Whose fault is that, Dick? Tic toc, tic toc…. Continue reading →

Occupy Wall Street – Focus on Our One Demand

Posted on October 10, 2011 by Deadly Clear

The poster of this news clip is correct – this is what we should be focusing on. “Dylan Ratigan knows what he’s talking about and the way he says it is too epic. So spread this video and let the people know this should be what OWS should be focusing on. That this has to be our one demand.” Thank you Dylan, for your passionate message.

Dylan Ratigan is clear about what is happening to our country – listen up citizens. It doesn’t matter if Continue reading →

The Greatest Cover-up of All Time – Wall Street and The Treasury Steal the Future

Posted on September 25, 2011 by Deadly Clear

By DEADLY CLEAR
We are Americans first, not Republicans, Democrats, Unions, Government Workers, Corporate Employees, Retirees – WE ARE AMERICANS!

WE Americans were scammed “big time” by Wall Street greed and elite wannabes.

Whether you are NYPD, Iowa, Detroit, Baltimore, Chicago, Florida, California, NJ, Washington, Maine or Oregon police (just to name a few), a fireman, teacher, government or corporate employee, FBI, CIA, Judge, prosecutor or clerk – your pension and retirement funds (FERS) were put at risk and are likely gone. Wake up. Continue reading →

The Sucker Punch – The Elite’s Attack on Pension and Retirement Funds

Posted on September 16, 2011 by Deadly Clear

THE HIDDEN TRUTH

Behind the collapse of the economy in the U.S. and around the world is the massive loss of pension and retirement funds belonging to government employees, union workers and corporate 401k beneficiaries – these were the “investors” in the securitization fraud stemming from the unregulated derivatives. Hordes of lawsuits have been filed by investors against Wall Street banks, but it’s pretty obvious the money is gone. Continue reading →