Posted on

Homeowner ‘securitization theory’ BofA claim dismissed

He was the inspiration for MERS, the electronic database used to facilitate much of the fraud surrounding predatory lending, mortgage securitization and fraudulent. a settlement of $755,000 for.

Pending home sales rise for 15th straight month Note: The MLS median price and sales data in the table below are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only. sales data are not adjusted to account for seasonal factors that can influence home sales.Renters pursue the American Dream of homeownership I agree that Home Ownership is not exactly the American Dream but it may be for some people and apparently stable at ~64%. It was less than 50% before 1900’s and even less during the late 1930’s crash. After WW2 when mortgage financing changed there was an increase in home ownership and since the 1960’s the rate has been steady at over 60%.Holder refuses to meet with BofA CEO Attorney General Eric Holder has formally refused to meet with Bank of America CEO Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill.

largely predicated on her theory that MERS could not validly assign her mortgage, and therefore the receiving institution had no legal interest upon which to foreclose. Woods also brought related state law claims for fraud and unfair business practices. The district court found these claims unavailing and dismissed Woods’s complaint.

Alabama Supreme Court rules in favor of MERS Meanwhile, on March 14, 2006, the trial court in CV-05-917 entered a summary judgment in favor of MERS, thereby ejecting Ross from the property. The same day, the court issued a “writ of possession” in favor of MERS and against Ross, Campbell, and Fletcher.RE/MAX: March home sales build momentum for 2014 Vancouver’s home prices remain dizzyingly high. This had quite an immediate effect on Metro Vancouver presale condo sales in February and March, according to Michael Ferreira, managing partner at.

Bank of America Debt Securitization Case is Actually Round Two.. Plaintiff’s underlying theory was that Bank of America had nothing to transfer to debt buyer once it securitized the receivables.. arguing that the critical premise on which Scott’s claims rely-that once a credit card.

involve the same allegations concerning Bear Stearns’s and EMC’s concerted actions in the ‘mortgage-loan-securitization chain’ and seek the same recovery for the same alleged injuries — that is,

(CN) – A federal judge in D.C. dismissed homeowners’ claims against their mortgage underwriters based on alleged violations in the securitization of their mortgage loans. Four D.C. area homeowners sued suntrust Bank, Bank of America, and other mortgage lenders who underwrote their respective home loans between 1989 and 2007.

The couple’s claims against the other defendants were dismissed prior to a trial. the Martins’ "alleged connection with [Bank of America] is even more tenuous," the panel said. "Plaintiffs’ causal.

Until now plaintiffs have been investors and municipalities, not homeowners. The banks are contesting the lawsuits. on the first day of each month between 2000 and 2009, the lawsuit claims. Between.

trial court erred in reconsidering its initial determination that the foreclosure claim must be dismissed because Deutsche Bank lacked standing at the time of filing. Accordingly, we reverse the judgment of foreclosure, vacate the order approving sale, and dismiss the foreclosure. Bank of America National Ass’n v.

Bank of America had a ReMax realtor contact me for a short sale. She said I have your file and Bank of America wants to know if you are interested in a short sale. This was 3 weeks ago at 9:00 P.M. on a Sunday night. I about crapped my pants. She said Bank of America owns your mortgage, and I began to argue with her.