konane's Blog

"Now Bloomberg Jumps In - Securitization Fraud

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Karl Denninger, The MarketTicker

"......... This is NOT a "nothingburger", and if it doesn't impact Fannie and Freddie (it does) we're talking about roughly $1.3 trillion in these packages.

With Fannie and Freddie in the mix we're talking about something closer to six trillion dollars of MBS issued and rolled from 2003-2008."

http://market-ticker.org/akcs-www?singlepost=2210221

Entry #2,328

"Here Is Your Chance To Check If You Are The Victim Of Mortgage Fraud

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"Here Is Your Chance To Check If You Are The Victim Of Mortgage Fraud

".... "Whether you are facing foreclosure, have an underwater mortgage, or are just a concerned homeowner, it’s important that you contact your bank and demand to see the original note on your mortgage. It only takes a few minutes using our free online tool." Quick, simple and easy. And in a few days your mortgage bank will have no choice but to tell you if they do in fact have your original mortgage note. ......"

 http://www.zerohedge.com/article/here-your-chance-check-if-you-are-victim-mortgage-fraud?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29

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"Demand to see your mortgage note.

http://action.seiu.org/page/speakout/wheresthenote?js=true

Entry #2,322

"The MERS Edifice Quavers...

Good read.   MERS came in existence to evade paying taxes when mortgages were sold and conveyed to new ownership.  
No wonder counties are short of money .... cutting services and raising taxes to make up for this shortage.  As many times as mortgages were packaged and flipped there should be lots more money in county coffers.
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"......What do you call an artifice designed to evade the payment of taxes - which these fees are? ....."
 
Entry #2,320