Mortgage Litigation on the Rise

I’ve been writing about the mess that is Foreclosuregate on this blog, on Notorious, and on AOL Real Estate. And something I worried about (yet predicted, hoping to be wrong) was that we’d see significant lawsuits against banks, servicers, and MBS sponsors brought by homeowners and investors. Well, it appears that mortgage litigation rose significantly […]

Bank of America Sets Up a New Division: Hopeful Signs

Just as my AOL Real Estate column on servicers and loss mitigation gets published, I see this news cross my desk…top: Bank of America President and Chief Executive Officer Brian Moynihan today announced changes to Bank of America Home Loans and Insurance that will continue the company’s strong momentum in extending home mortgage credit while […]

One Step Closer to the Edge…

It appears that the Massachusetts Supreme Court may rule soon on whether transfers of mortgages were properly done in a case called Ibanez. [UPDATE: The Court has ruled; the banks have lost, and we’ve got a problem. More on this later.] The lower court has already ruled (twice) that the foreclosures were invalid because the […]

Would Like Your Thoughts on A Couple of 7DS Posts

Since not everyone who reads Notorious checks out my blogging on 7DS… I’d really like your thoughts on my last two posts. They’re scaring the crap out of me, and I’d love to get any counter-arguments or counter-evidence. Here they are: Title Issues in Foreclosuregate Foreclosuregate and Systemic Risk Thanks, -rsh

Foreclosuregate and Systemic Risk

I continue to try and think through the various issues of foreclosuregate. There are a lot of them. And some of them are petrifying. In my last post, I wondered about title issues. In this one, I wanted to sketch out my understanding of the possible problems to the entire global financial system: systemic risk. […]

Title Issues in Foreclosuregate

Were I not driving across this great big nation of ours, I would have been far more productive on blogging about foreclosuregate. As it is, I’m fairly limited to writing at various truck stops in a larger work that hopes to lay out all of the issues and what the real estate industry can and […]