FORECLOSURE| MBS FRAUD 101...MBS investors calling lawyers!


FORECLOSURE| MBS FRAUD 101…MBS investors calling lawyers!

FORECLOSURE| MBS FRAUD 101…MBS investors calling lawyers!

“Years before they can get clear title and actually sell em”

“You guys in the MEDIA have a real tough time…your looking for events, your trying to cover the news minute by minute…”


“There are a lot of investors out there who don’t know what they own… they may own unsecured loans….. trustees that were supposed to do things under state law (and didn’t)… even Fannie and Freddie have issues with this.”

“This is not minutia…this is the Letter of the Law”

“Most securities issues in the United States are governed by New York law”

“Dealer has to deliver to the trustee the notes, that evidence the obligation”

“Trustees have the least duties”

“You have to indemnify them”

Christopher Whalen, managing director of Institutional Risk Analytics, talks with Bloomberg’s Mark Crumpton about the impact of U.S. mortgage foreclosures on banks and the housing market and the outlook for the economy.

Whalen is author of the book “Inflated: How Money and Debt Built the American Dream.” (Source: Bloomberg)

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “FORECLOSURE| MBS FRAUD 101…MBS investors calling lawyers!”


  1. […] This post was mentioned on Twitter by Tony Webber, DinSFLA. DinSFLA said: FORECLOSURE| MBS FRAUD 101…MBS investors calling lawyers! […]

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