Archive for the ‘BREAKING NEWS!’ Category

Appraisal Fraud and the Impact of Valuation on Foreclosure Defense

Tuesday, March 23rd, 2010

Cindi Dixon, MFI-Miami Mortgage fraud is generally understood as borrowers overstating income or misrepresenting their intent to occupy the subject property. Although studies have found approximately 80% of mortgage fraud involves an industry insider, mortgage bankers have an affinity for passing the buck, so to speak. From the inside, mortgage fraud ...

Are TARP Funds Being Used To Fund Cheap Overseas Call Centers?

Tuesday, March 9th, 2010

Steve Dibert, MFI-Miami Yesterday afternoon a client of mine and I had to call JP Morgan Chase about the whereabouts of his file MFI-Miami requested 2 months ago. After being told quite adamantly that my client would have to pay $10 per document we were requesting (that’s a subject for another ...

Have we repelled the Ferengi Invasion?

Saturday, March 6th, 2010

Steve Dibert, MFI-Miami Many of you may not know a dirty little secret that is only known to a handful of conspiracy theorists. In the mid 1980s, America was invaded by an alien race known as the Ferengi. The Ferengi are known for their Anarcho-capitalist society which everything revolves around profit ...

Are The Banks The New Big Brother?

Tuesday, March 2nd, 2010

Steve Dibert I have been rereading Frank Herbert’s science fiction masterpiece, Children of Dune and I came across this interesting passage from the Bene Gesserit Sisterhood: “Governments, if they endure, always tend increasingly toward aristocratic forms. No government in history has been known to evade the pattern. And as the aristocracy develops, ...

Fed Speak

Thursday, November 5th, 2009

I don't know how I was able to force myself to watch," Inside the Meltdown" on the Frontline. It was a propaganda piece is dressed up as a documentary and carried a partyline up-and-down so much you'd be forgiven for thinking that it was written by Paulson, Bernake, and ...

Bonita Bay Brawl: Are Club Members “Victims” Of Developer Lucas and KeyBank?

Tuesday, September 29th, 2009

By Teri Buhl for BankImplode.com The developer of Bonita Bay Club, an exclusive golf community on Florida’s west coast, is using aggressive tactics to get the club’s members to pay off his debts and save him from bankruptcy, according to some disgruntled investors. Questions continue to swirl regarding whether the club’s ...

Screw You

Tuesday, September 22nd, 2009

Bank of America is taking the hard line at every turn with the government whose citizens saved it. The bank is the recent recipient of a two bagger of cash transfusion from the taxpayer, in one arm went $45 billion under TARP and in the other arm was a $118 ...

Elderly Bank Bandit Robbed to Pay Off Mortgage

Sunday, September 20th, 2009

This old geyser tried to take a little back. Too bad he got caught. Think of it this way, the money he could not repay came from thin air, the cash he stole was just Federal Reserve notes, not US dollars, but by not repaying the fictional money he is going ...

Bernanke Lies Like a Rug

Thursday, September 17th, 2009

With word that green shoots sprouting up all over the road ways and side walks, Ben Bernanke's shrill statement that the "recession is likely over" could almost trick some one into believing all the hype. Federal Reserve Chairman Ben Bernanke said Tuesday that the recession was "very likely over," as consumers ...

Exclusive – Wells Fargo’s Commercial Portfolio is a ticking time bomb

Thursday, September 17th, 2009

Wells Fargo’s Commercial Portfolio is a ticking time bomb By Teri Buhl In order to sort through the disaster that is Wells Fargo’s commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they are shocked with what they are seeing. Not only do the ...