Lawsuit in Virgin Islands (U.S. Territory) Exposes the Underbelly of Forced Foreclosures that Harmed Investors and Borrowers https://wordpress.com/read/feeds/95852/posts/1960514700 I almost stopped reading this lawsuit because I thought they were casting Ocwen and Altisource as victims. And to a limited extent that is true. But upon close reading this lawsuit is about what the investors lost […]
Tag: assignments
From Our Friends @ LivingLies Weblog: Wells Fargo “Lending” Securities It Didn’t Own
Wells Fargo “Lending” Securities It Didn’t Own Posted on March 28, 2018 by Neil Garfield https://livinglies.wordpress.com/2018/03/28/wells-fargo-lending-securities-it-didnt-own/ Translation: WFB was the “custodian” of alleged “mortgage-backed” certificates issued for the benefit of investors who paid billions of dollars for ownership of the certificates. WFB “Loaned” those alleged securities to brokers. The brokers in exchange provided “collateral” the […]
Standing to Challenge the Validity of Assignments
Some of you were involved in Foreclosure Hell, back when the 6th Circuit ruled on Livonia Prop. Holdings, L.L.C. v. 12840–12976 Farmington Rd. Holdings, L.L.C., 717 F.Supp.2d 724, 736 (E.D.Mich.2010), aff’d, 399 Fed.Appx. 97 (6th Cir.2010)). That was the case that began citing that the borrowers lack standing to question the validity of the loan assignments. […]
Pro Se Litigation 