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A recent article published in Rueters informs us that Wall Street is now securitizing rental income streams from post foreclosed properties now being rented out by Wall Street hedge fund types.  Only now, instead of just buying off the rating agencies to rate securities as “AAA”, as good as gold investements, when Wall Street was…

Still think the shadow inventory isn’t a problem?  According to a recent article in Housingwire, “only half of the previously foreclosed homes owned by Fannie Mae are either on the market or being prepared for sale. The remaining properties are currently locked away in some step of the foreclosure system. The National Association of Realtors said in its existing home…

All across Florida foreclosure filings are on the rise. A recent article regarding Lee County, on the west coast of Florida which includes the city of Fort Myers, illustrates this point. The Clerk of the Court there, the infamous Charlie Green, known from his disparaging remarks against “deadbeat” homeowners, stated that filings are about double…

In a recent study, according to AARP: • About 600,000 people who are 50 years or older are in foreclosure. • About 625,000 in the same age group are at least three months behind on their mortgages. • About 3.5 million — 16 percent of older homeowners — are underwater, meaning their home values have…

This week there were two pressing stories of note. One pertained to comments by David Stockman, the former director of the Office of Management and Budget under the Reagan administration, who has been extremely vocal and critical of our unsustainable spending and national debt. In the video, which you can see here, he states we…

In a recent letter by the Illinois Bankers Associations (IBA) to its state supreme court, the association makes it clear that it understands the issue asserted by lawyers such as myself “that many if not most mortgage notes which conform to the fixed requirements of Fannie Mae and Freddie Mac are not negotiable instruments because…

In a recent short, but well written piece in Bloomberg, author and former Wall Street insider William D. Cohan lays out a brief modern history of Wall Street’s continued criminal activity. After being caught red handed at each turn, we are always told, “Don’t worry, we’ve learned that lesson, and it will never happen again.”…

The Florida Supreme Court issued an opinion addressing mandatory e-mail service on Thursday, June 21, 2012, with an effective date of July 1, 2012. Apparently that was not nearly enough notice for some firms and a corrected opinion and correction notice were issued a week after the initial opinion revising the effective date to September…

As an attorney representing ordinary people, seeking justice and fairness, against our nation’s largest financial institutions, I find myself only getting more and more motivated over the years. Certainly, videos and interviews like this only fan the flame. Please watch this. The analogy Matt Taibbi makes about half way through involving fake purse sidewalk vendors…

Amazing article from Matt Taibbi, here: http://www.rollingstone.com/politics/news/the-scam-wall-street-learned-from-the-mafia-20120620 Here are the highlights: “”Even though some aspects of municipal bond finance are complex, the fraud here was simple,” she told the jurors. “It was about lying and cheating cities and towns in a bidding process that was in place to protect them.” The “simple fraud” Waszmer described…