dagblog - Comments for "FEE SIMPLE ABSOLUTE"

I've reading a lot about MERS

we are stardust — Mon, 20 Dec 2010 00:31:26 +0000

In reply to You know that is the nicest

I've reading a lot about MERS and mortgage fraud, even did one blog about it, and don't really understand contract law and deeds and mortgage servicer issues, so this is great. That hedge funds are now bundling tax liens and selling them as swaps seems another level of Bad Acts. Most people pay their liens off, apparently, but for those who don't--Uh-oh. Greed is taking over our country, and not just Republicans. Anyway; thanks for this.

Thank you Momoe. Thank you

Richard Day — Mon, 20 Dec 2010 00:08:07 +0000

In reply to I hope everyone reads this

Thank you Momoe. Thank you very much!!

And Merry Merry Christmas!!

I hope everyone reads this

trkingmomoe — Mon, 20 Dec 2010 00:06:20 +0000

In reply to FEE SIMPLE ABSOLUTE

I hope everyone reads this blog. Nicely done.

You know that is the nicest

Richard Day — Sun, 19 Dec 2010 23:44:46 +0000

In reply to It's hard to believe the work

You know that is the nicest thing to say.

Made my day Stardust. Honest!!

Oh I wanted to add because

Richard Day — Sun, 19 Dec 2010 23:33:39 +0000

In reply to This is an amazing read, DD,

Oh I wanted to add because the edit function did not work:

The repubs and the pigs are simply contending that if the county recording laws are observed the entire system falls.

TOO BIG TO FAIL!

It's hard to believe the work

we are stardust — Sun, 19 Dec 2010 23:30:46 +0000

In reply to FEE SIMPLE ABSOLUTE

It's hard to believe the work you put into this, DD, and your understanding of it. I'll bookmark it for the future. Thanks.

I can only argue with

seashell — Sun, 19 Dec 2010 23:27:49 +0000

In reply to I am glad it is you Seashell

I can only argue with ownership of the 'machine'. It is yours, not mine!

I am glad it is you Seashell

Richard Day — Sun, 19 Dec 2010 23:23:44 +0000

In reply to This is an amazing read, DD,

I am glad it is you Seashell as I pound this out on your machine.

Every fucking time the repubs will blame the little guy. Borrower fraud. Jesus H. Christ...some poor mortgage broker employee making 26 grand a year if he is lucky, is sitting in bars and walking malls to find Mr. Smith for his very survival.

It is up to the mortgage company for chrissakes, just like fifty years ago,to at least speak to the emplooyer of the proposed mortgagor buyer, to check out the assets listed on the application....

Every fucking time we are to blame the entire collapse of an entire economic system on the poor and the powerless.

Oh Damn. And of course we look at dem programs for further documentation.

Anything we can do to take the focus away from the damn capitalist robber barons.

MERS told these bastards--a lie really since the robber barons invented MERS in the first place--oh dont worry about two and a half billion dollars in recording fees and a similar amount in proper documentation fees (if not more) hell for 7 bucks we will do the job.

Nonsense.

hahahaha, The end.

This is an amazing read, DD,

seashell — Sun, 19 Dec 2010 23:07:26 +0000

In reply to FEE SIMPLE ABSOLUTE

This is an amazing read, DD, even for someone who has tried to follow the MERS concept of unaccountability. Thank you.

Can you explain in layperson's terms, the arguments the Republican committee members used in defending MERS. Or are they defending securitization? Or both?

Richard Shelby's (R) statement on the hearing for Problems in Mortgage Servicing From Modification to Foreclosure (Senate Committee on Banking, Housing, and Urban Affairs) brings up the roles of Fannie Mae, Freddie Mac and regulators in the crisis before getting to the borrowers themselves:

Nonetheless, if we are also going to examine the issue of foreclosure mitigation, we should study the extent to which borrower fraud has distorted the modification process and inflated overall foreclosure numbers. [Emphasis mine.]

So is it everyone's fault except MERS and Wall Street?

Hahahahahahah. Well, Mrs.

Richard Day — Sun, 19 Dec 2010 19:06:46 +0000

In reply to Never mind, I found Mrs

Hahahahahahah. Well, Mrs. Smith found her true calling that is for sure.

Now Mr. Smith is a tour guide: