September 2013

Mistaken Identity Leads To Foreclosure By Chase

September 30, 2013 Mark Cullen

From WBNS-TV, Ohio:

 

MANSFIELD, Ohio – A Mansfield man is battling one of the biggest banks in the world over a big mistake that he says cost him his home.

John Watson is suing Chase Bank.

He says they mistakenly foreclosed upon his home, thinking that he was someone else.

[Read More]

Mortgage-Backed Securities, Loan Documents & The Banks/Trustees

September 25, 2013 Lynn Szymoniak

THE SECURITIZATION YEARS: 2004-2007

Most U.S. mortgage debt is owned by residential mortgage-backed securitized trusts. According to the Federal Reserve, there were about 54.7 million loans in the U.S. residential mortgage market in 2008, for a total mortgage debt of $10 trillion.… [Read More]

Residential Mortgage Trusts in 2007

September 25, 2013 Lynn Szymoniak

745 TRUSTS REGISTERED WITH THE SEC IN 2007
WITH OFFERING AMOUNTS TOTALING: $598,417,576,873

This list is for private-label trusts, those formed by securities companies, and does not include trusts formed by Ginnie Mae, Fannie Mae and Freddie Mac. While every effort has been made to create a comprehensive list, some trusts may have been omitted. [Read More]

Heinrich v. Deutsche Bank

September 23, 2013 Mark Cullen

An important new South Carolina Case.

“It is clear in this foreclosure case, Plaintiff must not only by the holder and owner of the original Note, but also the Mortgage as well.”

See the pdf attached below, or click here.… [Read More]

Residential Mortgage Trusts in 2004

September 21, 2013 Lynn Szymoniak

835 TRUSTS REGISTERED WITH THE SEC IN 2004
WITH OFFERING AMOUNTS TOTALING: $599,934,541,655 

This list is for private-label trusts, those formed by securities companies, and does not include trusts formed by Ginnie Mae, Fannie Mae and Freddie Mac. While every effort has been made to create a comprehensive list, some trusts may have been omitted. [Read More]

Royal Park Investments v. Deutsche Bank

September 12, 2013 Lynn Szymoniak

A new lawsuit by Royal Park Investments compounds allegations that Deutsche Bank improperly securitized trusts and mislead investors.

< ![if !IE]>< ![endif]> [Read More]

Invasive Tactic in Foreclosures Draws Scrutiny

September 12, 2013 Mark Cullen

From The New York Times:

Barry Tatum returned to his home in Chicago in December to find that his front and back doors had been torn from their hinges, leaving his possessions exposed to the frigid winds that whipped through his neighborhood.

[Read More]

FORECLOSURE DOCUMENT MILLS STILL ACTIVE

September 11, 2013 Lynn Szymoniak

Florida passed a new law, effective July 1, 2013, intended to speed up foreclosures.  The law had the opposite effect. Court administrators reported that in July, there were 4,386 new foreclosure filed statewide, down 72% from the 2012 filings.  The law requires plaintiffs to make certain initial disclosures establishing their entitlement to enforce the promissory note, and authorizing sanctions against plaintiffs who do not comply.… [Read More]

Residential Mortgage Trusts in 2006

September 7, 2013 Lynn Szymoniak

1,161 TRUSTS REGISTERED WITH THE SEC IN 2006 WITH OFFERING AMOUNTS TOTALING: $1,002,727,759,469

(Updated 21 Sep 2013)

This list is for private-label trusts, those formed by securities companies, and does not include trusts formed by Ginnie Mae, Fannie Mae and Freddie Mac.

[Read More]

Residential Mortgage Trusts in 2005

September 7, 2013 Lynn Szymoniak

1,045 TRUSTS REGISTERED WITH THE SEC IN 2005
WITH OFFERING AMOUNTS TOTALING: $908,928,982,721 

(Updated 21 Sep 2013)

This list is for private-label trusts, those formed by securities companies, and does not include trusts formed by Ginnie Mae, Fannie Mae and Freddie Mac.

[Read More]