Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit (via Livinglies's Weblog)

Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE EDITOR'S NOTE: It is comforting to know that at least some people are paying attention. From one of the largest servicers in the country comes an admission that securitization of mortgage loans was an illusion. The facts alleged by AHMSI  in its lawsuit against LPS are true in virtually all cases in which any bank or other entity has claimed an interest in a mortgage l … Read More

via Livinglies's Weblog

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Author: timothymccandless

I have spent most of my professional life helping people who were being taken advantage of by systems they did not fully understand. As an attorney, I represented consumers against predatory lending practices and worked in elder law protecting seniors from fraud. My family lost $239,145 to identity theft, which became the foundation for my seniorgard.onlime and deepened my commitment to financial education. Since 2008, I have maintained a blog at timothymccandless.wordpress.com providing free financial education. Not behind a paywall. Free, because financial literacy should not cost money. I trade with real money using the exact strategy described in this book. My current positions: Pfizer at $16,480 deployed generating $77,900 per year net. Verizon at $29,260 deployed generating $51,000 per year net. Combined: 293% annualized pace. These are my only active positions. Not cherry-picked.

2 thoughts on “Bombshell Admission of Failed Securitization Process in American Home Mortgage Servicing/LPS Lawsuit (via Livinglies's Weblog)”

  1. Mr. McCandless………… I read your article on securitization, and, have a situation where we had Substitution of Trustee put in just prior to loan servicer selling our home at Trustee Sale on 01.20.2011. The home apparently did not get any bids, and house went to FHL. The loan was backed under Freddie Mac. I don’t feel the Substitution of Trustee was done properly, nor the sale since, at the time we were under a Loan Forbearance with the loan servicer. Nevertheless, two issues here. One, we think probable foreclosure fraud was committed, and, secondly, we have been served with Notice to Vacate by Sheriff. We are to be out by Wed., Aug. 31. Any help or advice you can offer would be greatly appreciated.

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