Banking & Securities Fraud Consumer Fraud Foreclosure Fraud Fraud Schemes Mortgage Fraud

Loan Care LLC frauds crooks scammer illegal

on November 25, 2018 Loan Care will try and foreclose on any account at anytime even when the account is current. The new scam is to put the payments into a suspension account claiming they don’t know what to do with the money. They try and force the 3 month limit before sending people to […]

Advertisements
Consumer Fraud Foreclosure Fraud Fraud Schemes Mortgage Fraud Our Daily News SCAMS Securities Fraud

Loan Scam Tips

If you’re struggling with your mortgage or trying to get your mortgage reduced, you can find help, free of charge, from HUD-approved counseling agencies. Visit our network directory to find one near you.  To speak with a housing counselor 24 hours a day or find a local agency, call 888-995-HOPE (4673).Loan Scam Alert PSALoan-modification scams take many […]

Banking & Securities Fraud Business Fraud Federal Bureau of Investigation (FBI) Mortgage Fraud Our Daily News Texas US Department of Justice (DOJ)

Houston-based fraudsters Plead Guilty

Department of JusticeU.S. Attorney’s Office Southern District of Texas FOR IMMEDIATE RELEASE Thursday, February 8, 2018 HOUSTON – Two fraud conspirators have entered guilty pleas to participating in a mortgage fraud conspiracy that fraudulently obtained mortgage loans to purchase homes in Houston and Surfside, announced U.S. Attorney Ryan K. Patrick. David Lee Morris, 55, and […]

Banking & Securities Fraud Investment Fraud Mortgage Fraud Securities Fraud

Housing Bubble Hall of Shame®

Who is responsible for the Housing Bubble? Policy makers, press, investors, wallstreet, mortgage lenders, builders, realtors, appraisers, buyers, flippers, sellers, … ? They all had a hand in it, but lets pay tribute to some of the more notable or public displays of bubble mania. *All inductees are innocent of a crime until proven guilty […]

Banking & Securities Fraud Congress - US Senate Consumer Fraud Investment Fraud Mortgage Fraud Political Fraud Securities Fraud US Congress

Emails Show How Greg Lippmann Built Deutsche Bank’s $5 Billion Subprime Short: “Duping CDO Fools”

Courtney Comstock Apr. 14, 2011, 10:05 AM The Senate Committee assigned to report on the causes of the financial crisis used then-trader Greg Lippmann’s emails in their 650-page report as an example of the view within Deutsche Bank that the subprime market was collapsing. The report was released today. Click here to download it. The committee is […]

Banking & Securities Fraud Business Fraud Consumer Fraud Investment Fraud Mail Fraud Mortgage Fraud Our Daily News Securities Fraud Wall Street Journal

The Regrets of Lewis Ranieri – WSJ

THIS is the DEEP STATE ass who set up the #HousingCrisis for them! HE IS THE REASON! The father of mortgage-backed securities lives with remorse for his role in a crisis that ‘did so much damage to so many people.’ — Read on www.wsj.com/articles/the-regrets-of-lewis-ranieri-1536240610

Banking & Securities Fraud Foreclosure Fraud Mortgage Fraud Our Daily News Securities Fraud US Securities and Exchange Commission (SEC)

Mortgage-Backed Securities

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on […]

Banking & Securities Fraud Mortgage Fraud Our Daily News Securities Fraud

Mortgage-Backed Security (MBS)

REVIEWED BY JULIA KAGAN  Updated Jul 16, 2019 What Is a Mortgage-Backed Security (MBS)? A mortgage-backed security (MBS) is an investment similar to a bond that is made up of a bundle of home loans bought from the banks that issued them. Investors in MBS receive periodic payments similar to bond coupon payments. The MBS is a […]

Banking & Securities Fraud Consumer Fraud Corporate Fraud Foreclosure Fraud Mortgage Fraud Our Daily News

Asset-Backed Credit Default Swap (ABCDS)

REVIEWED BY JAMES CHEN  Updated Apr 8, 2019 What is an Asset-Backed Credit Default Swap? An asset-backed credit default swap (ABCDS) is a credit default swap (CDS) wherein the reference asset is the asset-backed security rather than a corporate credit instrument. Understanding Asset-Backed Credit Default Swaps (ABCDS) Asset-backed credit default swap (ABCDS) agreements are similar to traditional credit […]