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.

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]

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]

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]

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]

A new lawsuit by Royal Park Investments compounds allegations that Deutsche Bank improperly securitized trusts and mislead investors.… [Read More]

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.

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]

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.

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.