Posts filed under “Foreclosures”

MERS Cases Overview

Be sure to see the overview of MERS legal cases in the Think Tank:

“As the mortgage meltdown has spread and deepened nationwide, courts must grapple with challenges to efforts to recover on defaulted mortgages. The challenges involve a complex mix of legal concepts and principles. Everything from contract law, state statutory foreclosure law, negotiable instrument law under the Uniform Commercial Code agency, standing and real party in interest issues, to evidentiary and civil procedure issues have been implicated in recent cases. What follows is a survey of the cases analyzing the legal authority of Mortgage Electronic Registration Systems, Inc. (MERS) to act for its constituents in enforcing rights under defaulted mortgages.

Here is the table of contents:

MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC.: A SURVEY OF CASES DISCUSSING MERS’ AUTHORITY TO ACT

John R. Hooge
Lawrence, KS

Laurie Williams
Chapter 13 Trustee
Wichita, KS

Mortgage Electronic Registration Systems, Inc.: A Survey of Cases Discussing MERS’
Authority to Act ……………………………………1
John R. Hooge and Laurie Williams

Recent Decisions From The
Appellate Courts ………………………………..25
Austin L. McMullen

Category: Foreclosures

A Survey of Cases Discussing MERS’

Mortgage Electronic Registration Systems, Inc.: A Survey of Cases Discussing MERS’ Authority to Act John R. Hooge Lawrence, KS Laurie Williams Chapter 13 Trustee Wichita, KS MERS: A Survey of Cases hat tip as Eric H

Category: Foreclosures, Think Tank

Attention CFOs: You Must Disclose Fraudclosure Risks

Sample Letter Sent to Public Companies on Accounting and Disclosure Issues Related to Potential Risks and Costs Associated with Mortgage and Foreclosure-Related Activities or Exposures In October 2010, the Division of Corporation Finance sent the following illustrative letter to certain public companies as a reminder of their disclosure obligations to consider in their upcoming Form…Read More

Category: Foreclosures, Regulation

Foreclosure Crisis Weekly

Please welcome Foreclosure Crisis Weekly, a new publication by Charles Hugh Smith, dedicated to documenting the often-amazing foreclosure crisis. Since we can expect the crisis to unfold for years to come, the Weekly will undoubtedly have a reliable source of material for quite some time. > > from Charles Hugh Smith

Category: Foreclosures

Wanted: More RoboSigners for LPS

Here is a job listing that appears to be a job listing for more LPS

Foreclosure / Bankruptcy Doc Prep – Short Term

Full Job Listing after the jump

Read More

Category: Foreclosures

Shadow Inventory Avalanche, Coming Soon

Keith Jurow , Ph.D., has been researching and writing about the housing market debacle around the U.S. with an eye for issues that are frequently overlooked or ignored by the media.  This article was originally published on www.realestatechannel.com where his in-depth stories have been regularly featured since March 2010.  Keith is a former senior economic writer…Read More

Category: Foreclosures, Real Estate, Think Tank

The Big Lie on Fraudclosure

Yesterday morning, I had The Misinformation Hour on TV as I got dressed for work. One of the comments that was made –  “No one was wrongly thrown out of their home” — was repeated or ignored by hosts and guests alike. This is patently demonstrably false, and yet no one challenged it. The banks…Read More

Category: Bailouts, Financial Press, Foreclosures, Really, really bad calls, Television

Mortgage Mess May Cost Banks $97 Billion in Losses

Source:
Banks May Face $97 Billion Loss From Mortgage Mess
Kate Kelly
CNBC, Wednesday, 27 Oct 2010 | 2:36 PM ET

http://www.cnbc.com/id/39870708

Category: Foreclosures, Video

Housing/Mortgage/Foreclosure Linkfest

Yet another of our brutal mortgage linkfests: Investors are beginning to sue, there are protest over HAMP, and foreclosure probes are happening. Here’s our round up: • COP Hearing on TARP Foreclosure Mitigation Programs:  On Wednesday, October 27 at 10:00 a.m., the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP) held a hearing…Read More

Category: Financial Press, Foreclosures, Markets

Federal Reserve on Foreclosure

Fed Foreclosure

Category: Federal Reserve, Foreclosures, Think Tank