California ABC Blog

Max Gardner’s Top 11 Economic Predictions for 2011 Today, December 27, 2010, 1 hour ago | O. Max Gardner III At least 20 cities will be forced to file for Chapter 9 relief and the defaults on municipal bonds will hit all time highs.  Two major cities-such as Detroit and San Diego will join the…

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Subpoenas Withdrawn: Ally (GMAC, owned by USA) to Pay Fannie (owned by USA) $462 Million for “BuyBacks” Today, December 28, 2010, 4 hours ago | Neil Garfield COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary COVER-UP CONTINUES EDITOR’S COMMENT: Confused? Ally, wholly owed by GMAC, which is 80% owed by our Federal government…

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TITLE UNDERWRITERS ISSUING RESTRICTIONS TO AGENTS ON SECURITIZED MORTGAGES Today, December 28, 2010, 3 hours ago | Neil Garfield COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary see MD Foreclosure INDEMNITY AGREEMENT EDITOR’S NOTE: WHETHER IT IS IN WRITING OR NOT, VIRTUALLY ALL TITLE INSURANCE UNDERWRITERS THAT ARE INDEPENDENT FROM THE MEGA-BANKS ARE…

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SPECIAL GUEST POST: Bob Cratchit Speaks Out on Christmas Foreclosure Freezes, Rated ‘PG-13’ Today, December 23, 2010, 4 hours ago | Mandelman Cratchit here… Well, it’s ‘that’ time of the year once again… the Christmas holidays.  For most people, in addition to being the celebration of the birth of our Lord and Savior, Jesus Christ,…

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Fraud Ruling Against Wells Fargo in Minnesota Points to Widespread Abuses in Securities Lending Program Yesterday, December 23, 2010, 11:44:55 PM | Yves Smith A fraud and breach of fiduciary duty ruling against Wells Fargo in a major scandal in Minnesota may have much broader ramifications for this sanctimonious bank. The facts are not pretty.…

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Christmas Stories Yesterday, December 23, 2010, 7:32:34 PM | Michael If you and your family are blessed and prosperous this holiday season, you should consider yourself to be very fortunate, because there are tens of millions of other Americans that are desperately hanging on by their fingernails.  The Christmas stories that you are going to…

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Accelerated mortgage defaults likely choice to deleverage household debt Today, December 24, 2010, 3 hours ago Most economists agree that households will continue to deleverage. Bank of America believes over $1,000,000,000 will come from strategic default. Irvine Home Address … 65 GRANDVIEW Irvine, CA 92603 Resale Home Price …… $2,320,000 In the town where I…

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ROBO SIGNING – LENDERS DELAYING FORECLOSURES INTO FEBRUARY 2011? Today, December 24, 2010, 5 hours ago | Richard Zaretsky, Florida Real Estate Attorney (Richard P. Zaretsky P.A. – Bd Certified Real Estate Attorney) Robo sigining foreclosure affidavits and other documents has been in the news for months – forcing lenders to suspend foreclosures in process.  Recently many…

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State Pension Problems Are Billions Worse Than Advertised Today, December 24, 2010, 7 hours ago | Mike "Mish" Shedlock The Wall Street Journal reports New Jersey Pension Gap Hits $54 Billion. New Jersey’s pension gap grew to $53.9 billion in the last fiscal year, up from $45.8 billion, thanks to market losses and a lack…

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Geithner on Foreclosure Fraud: What’s the Problem? | MyFDL Today, December 24, 2010, 13 hours ago | Alrady40@yahoo.com (Alrady) Geithner on Foreclosure Fraud: What’s the Problem? | MyFDL: "Comments with regard to the Congressional Oversight Panel hearing Dec. 16, 2010, with Treasury Secretary Timothy Geithner: Mr. Geithner disingenuously blamed the American public for borrowing too…

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