Certified Forensic Loan Auditors, LLC

 

  Upcoming Classes

December 2011 Article Archive

Search CFLA's Article Archive:

CFLA, Inc

MERS authority to foreclose upheld on appeal
housingwire.com | Dec 30, 2011
Mortgage Electronic Registration Systems secured a legal victory this week when the Denver-based 10th Circuit Court of Appeals upheld three lower court opinions granting MERS the right to foreclose when the company is listed as nominee of the note.
Read More

JPMorgan, Ally Sued by HSH Nordbank Over Mortgage Bond Losses
businessweek.com | Dec 30, 2011
JPMorgan Chase & Co., the biggest U.S. bank by assets, and Ally Financial Inc. were among the financial institutions blamed by the German lender HSH Nordbank AG in lawsuits over losses on about $293 million in mortgage bonds.
Read More

Panamericano, BTG Sign Agreement to Buy BFRE for $502 Million
businessweek.com | Dec 29, 2011
Banco Panamericano SA, the Brazilian lender that was purchased by BTG Pactual SA after a bailout last year, signed a non-binding agreement to acquire Brazilian Finance & Real Estate SA, the country’s biggest issuer of real estate-backed securities.
Read More

Frontlines of 2012 Mortgage Market Battlefield
loansafe.org | Dec 29, 2011
For the past 3 ½ years it is very accurate to say that the mortgage industry has undergone a battle for its very survival. One of the deepest recessions in our nation’s history, the sharpest decline in single-family housing values since the Great Depressions, and the highest unemployment rates since the 1970s have all combined to make the past few years the most difficult ever faced in our industry. The survivors of this difficult time must focus on being part of the solution and building a stronger mortgage industry.
Read More

BofA, BP, Citigroup, Samsung, Goldman, Intel in Court News
news.businessweek.com | Dec 28, 2011
A group of institutional investors including BlackRock Inc. persuaded a federal appeals court to consider its request to return an $8.5 billion bond settlement with Bank of America Corp. to state court for a judge's approval.
Read More

The Mortgage Battlefield of 2012: A View From the Frontlines
nationalmortgageprofessional.com | Dec 28, 2011
For the past three-and-a-half years, it is very accurate to say that the mortgage industry has undergone a battle for its very survival. One of the deepest recessions in our nation’s history, the sharpest decline in single-family housing values since the Great Depressions, and the highest unemployment rates since the 1970s have all combined to make the past few years the most difficult ever faced in our industry. The survivors of this difficult time must focus on being part of the solution and building a stronger mortgage industry.
Read More

Details of Mortgage Servicing Settlement Between Banks and AGs Begin to Emerge
swampland.time.com | Dec 27, 2011
The never-ending negotiations between the 50 state attorneys general (minus a few big ones) and five major banks over penalties and standards for past, present and future mortgage servicing are finally ending, and some details are beginning to emerge from sources familiar with the deal. The big number is the $25 billion that the banks will commit to three categories of the settlement: $5 billion in cash payments, mostly to the states, $3 billion in refinancing for underwater mortgages, and $17 billion in principal reduction.
Read More

FINRA fines Barclays $3 million for subprime MBS misrepresentations
housingwire.com | Dec 27, 2011
The Financial Industry Regulatory Authority fined Barclays Capital $3 million for allegedly misrepresenting delinquency data on residential subprime mortgage securitizations issued by the bank.
Read More

Bank Of America Could End Up Paying $53 Billion For Countrywide Mess
forbes.com | Dec 26, 2011
This week Bank of America agreed to pay $335 million to settle racial discriminatory lending charges, but that is just a drop in the bucket compared with what it could end up paying for the problems stemming from Countrywide.
Read More

Details of Mortgage Servicing Settlement Between Banks and AGs Begin to Emerge
swampland.time.com | Dec 26, 2011
The never-ending negotiations between the 50 state attorneys general (minus a few big ones) and five major banks over penalties and standards for past, present and future mortgage servicing are finally ending, and some details are beginning to emerge from sources familiar with the deal. The big number is the $25 billion that the banks will commit to three categories of the settlement: $5 billion in cash payments, mostly to the states, $3 billion in refinancing for underwater mortgages, and $17 billion in principal reduction.
Read More

An Unlikely Bulldog for Mortgage Investors
online.wsj.com | Dec 22, 2011
This summer, Ms. Patrick, a Houston lawyer with a 33-person firm called Gibbs & Bruns, extracted an agreement from Bank of America Corp. to pay $8.5 billion to investors who bought flawed mortgage bonds issued before the housing market collapsed. On Friday, she announced her next target: J.P. Morgan Chase & Co.
Read More

Rep. Scott Garrett Chairs Hearing to Examine Private Mortgage Market Investment Act
thestatecolumn.com | Dec 22, 2011
Today, the subcommittee is holding a second legislative hearing on the Private Mortgage Market Investment Act. This subcommittee held a hearing on the bill on November 3rd. Since then, I have been actively reaching out to and working with regulators, market participants, and other members on this committee to make improvements to the bill. I understand this is a complex issue and I welcome another opportunity to hear from the public on the merits of the bill.
Read More

Harris Sues Fannie and Freddie for Information in Mortgage Investigation
firedoglake.com | Dec 21, 2011
Kamala Harris, the Attorney General of California, sued government-sponsored enterprises Fannie Mae and Freddie Mac over information on foreclosures in California. Rather than the endpoint of the investigation, this is the beginning of it; Harris wants information out of Fannie and Freddie that they have so far been unwilling to provide.
Read More

Rep. Scott Garrett Chairs Hearing to Examine Private Mortgage Market Investment Act
thestatecolumn.com | Dec 21, 2011
Rep. Scott Garrett, Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, delivered the following opening statement today at a hearing to review legislation to reform the secondary mortgage market.
Read More

NY, Federal Officials Agree to Cooperate in Mortgage Securitization Investigations
forextv.com | Dec 21, 2011
A partnership will enable federal officials to cooperate with officials from New York in investigating the mortgage securitization practices of large financial institutions that resulted in the credit crisis of 2008.
Read More

SEC Brings Crisis-Era Suits
online.wsj.com | Dec 19, 2011
U.S. securities regulators accused six former executives at mortgage firms Fannie Mae and Freddie Mac of playing down the risks to investors of the firms' foray into subprime loans.
Read More

Gibbs & Bruns group hits JPMorgan with threat on $95bn in MBS
newsandinsight.thomsonreuters.com | Dec 19, 2011
We all knew the Gibbs & Bruns mortgage-backed securities investor group -- which includes Black Rock, PIMCO, and the New York Federal Reserve's Maiden Lane entities -- didn't just hold Bank of America notes. For months, the question has been where the group that negotiated the embattled $8.5 billion Countrywide MBS settlement would strike next. Surely Morgan Stanley's recent disclosure of a Gibbs & Bruns letter warning of action on $6 billion in MBS wasn't the end of the investor group's campaign.
Read More

With Eviction Fight, Mashpee Woman Wades Deep Into Foreclosure Mess
capenews.net | Dec 16, 2011
Rhonda G. Mills’ five-year-long endeavor to save her home is coming down to the wire. The Mashpee resident and member of the Mashpee Wampanoag Tribe is scheduled to appear before a judge in Falmouth District Court on Monday morning for an eviction hearing, the latest stage in the foreclosure and eviction process that stands to kick her and her family out of her home on Emma Oakley Mills Road.
Read More

How Did We Get Here?
huffingtonpost.com | Dec 15, 2011
The increased use of mortgage-backed securities created a fundamental shift or new paradigm in the mortgage lending industry. Whereas traditional lending practices required prudence in lending only to credit-worthy borrowers, now the concern regarding repayment was removed, as the original lender as "off the hook" once his loan was packaged in a mortgage pool.
Read More

SEC Brings Crisis-Era Suits
online.wsj.com | Dec 14, 2011
U.S. securities regulators accused six former executives at mortgage firms Fannie Mae and Freddie Mac of playing down the risks to investors of the firms' foray into subprime loans.
Read More

Gibbs & Bruns group hits JPMorgan with threat on $95bn in MBS
newsandinsight.thomsonreuters.com | Dec 14, 2011
We all knew the Gibbs & Bruns mortgage-backed securities investor group -- which includes Black Rock, PIMCO, and the New York Federal Reserve's Maiden Lane entities -- didn't just hold Bank of America notes. For months, the question has been where the group that negotiated the embattled $8.5 billion Countrywide MBS settlement would strike next. Surely Morgan Stanley's recent disclosure of a Gibbs & Bruns letter warning of action on $6 billion in MBS wasn't the end of the investor group's campaign.
Read More

Servicing: the Who's, What's, Why's, FHFA, and the MBA; Mortgage Company Profits
mortgagenewsdaily.com | Dec 13, 2011
The MBA reported that, "Independent mortgage banks and subsidiaries made an average profit of $1,263 on each loan they originated in the third quarter of 2011, up from $575 per loan in the second quarter of 2011, according to the MBA Third Quarter 2011 Mortgage Bankers Performance Report.
Read More

Bank of America lawyer says settlement challenger is Baupost
sbnonline.com | Dec 9, 2011
Walnut Place, a group of undisclosed investors who oppose Bank of America Corp’s. $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank.
Read More

Realtors Applaud Bill to Protect Taxpayers From Mortgage Industry Bailouts
marketwatch.com | Dec 8, 2011
The National Association of Realtors supports legislation introduced today that provides sensible reform of the secondary mortgage market and protects the interest of taxpayers.
Read More

CoreLogic Testifies on Real Estate Securitization Before House Subcommittee
sacbee.com | Dec 8, 2011
Representatives of CoreLogic, a leading provider of information, analytics and business services, testified today before the Capital Markets and Government Sponsored Enterprises subcommittee as the U.S. House takes up legislation aimed to reform the secondary mortgage market.
Read More

Realtors, MBA Testify at Hearing on Private Secondary Market Legislation
mortgagenewsdaily.com | Dec 7, 2011
Members of the House Financial Services Subcommittee on Capital Markets and the Government Sponsored Enterprises heard testimony from six market participants at a hearing Wednesday on The Private Mortgage Market Investment Act. The bill is one of eight proposed in the current session by majority members of the committee to restructure various aspects of the country's housing finance industry.
Read More

U.S. regulators may rework mortgage plan-sources
newsandinsight.thomsonreuters.com | Dec 7, 2011
U.S. regulators may revisit a proposed definition of mortgages that would be considered so sound that originators would not be required to maintain a stake in the loan, sources close to the matter say.
Read More

California, Nevada Join Forces in Mortgage Fraud Probes
businessweek.com | Dec 7, 2011
California and Nevada will jointly investigate mortgage fraud, as attorneys general across the U.S. continue negotiating a possible settlement with banks to resolve probes into their foreclosure practices.
Read More

3-BofA Merrill unit in $315 mln mortgage settlement
reuters.com | Dec 6, 2011
Bank of America Corp agreed to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit.
Read More

After Deal, Freddie Mac CMBS Volume Doubles 2010's
online.wsj.com | Dec 6, 2011
Freddie Mac (FMCC) will issue its 12th commercial mortgage-backed security of the year this week, raising 2011 volume to a level that doubles last year's and keeping government programs on track to surpass private issuance for another 12 months.
Read More

First major state lawsuit filed over 'robo-signing'
usatoday.com | Dec 5, 2011
After a year of fruitless negotiations between major banks and the nation's state attorneys general, Massachusetts has filed the first major lawsuit over so-called "robo-signing" foreclosure processing.
Read More

Massachusetts Sues 5 Major Banks Over Foreclosure Practices
nytimes.com | Dec 1, 2011
Citing extensive abuses of troubled borrowers across Massachusetts, the state’s attorney general sued the nation’s five largest mortgage lenders on Thursday, seeking relief for consumers hurt by what she called unfair and deceptive business practices.
Read More

First Major State Lawsuit Filed Over ‘Robo-Signing’
cnbc.com | Dec 1, 2011
After a year of fruitless negotiations between major U.S. banks and the nation's state attorneys general, Massachusetts has filed the first major lawsuit over so-called "robo-signing" foreclosure processing.
Read More

Common Threads in Mortgage-Backed Securities Cases
deadlyclear.wordpress.com | Dec 1, 2011
Four years past the beginning of the collapse of the U.S. housing market, there are scores of class action and individual lawsuits involving the origination and securitization of residential mortgage-backed securities (RMBS).
Read More


Back to Article Archive Listing

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer
Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:


 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package

 

ALB Law Firm

 

Advocate Legal

 

The True News Network

 

Sutton Law Firm, P.L.L.C.

 

Rubenstein Business Law

 

Atighechi Law Group

 

Scunziano & Associates

 

Get Certified to Perform Mortgage Securitization Audits

 

CFLA Training Academy

 

Expert Witness Services

 

Cutting Edge Expert Securitization Reports

 

CFLA Credit Cards

 

Breaking News

 

Letters to the Editor

 

CFLA Weekly Newsletters

 

Code of Ethics

 

Testimonials

 

Instructional Videos

 

Job Opportunities

 

License Opportunities

 

MARS Rule

 

Product Samples

 

Resource Links

 

Servicer Information

 

Foreclosure Laws

 

REST Report

 

Quiet Title Packages from Licensed Attorneys

 

Advertise on CFLA

 

Advertising Space: Mortgage Securitization, Quiet Title

 

Certified Forensic Loan Auditors, LLC
13101 West Washington Blvd.
Suite 444
Los Angeles, CA 90066

Phone: 832-932-3951
Toll Free: 888-758-CFLA (2352)
Mobile Users: CLICK TO CALL
info@certifiedforensicloanauditors.com

 

   
 
CFLA IS NOT A LAW FIRM AND DOES NOT PROVIDE ANY LEGAL ADVICE. CFLA DOES NOT OFFER FORECLOSURE CONSULTING OR FORECLOSURE RELIEF
SERVICES. CFLA DOES NOT OFFER OR ASSIST WITH ANY LOAN MODIFICATION SERVICE. CFLA ALWAYS RECOMMENDS THAT CLIENTS RETAIN COMPETENT COUNSEL IN THEIR RESPECTIVE JURISDICTION. CFLA HAS A FREE PROGRAM TO REFER CFLA CLIENTS TO LAW FIRMS IN NEARLY EVERY STATE AND CFLA
DOES NOT CHARGE OR OBTAIN REFERRALS FEES FOR THESE SERVICES. SERVICES NOT OFFERED TO RESIDENTS OF THE STATE OF NEVADA.

 
Home About Us Privacy Policy Terms of Service Disclaimer SERVICES Careers Contact Us
 
COPYRIGHT © 2007-2016 Certified Forensic Loan Auditors ™ All rights reserved