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Profile Information

Gender: Female
Hometown: Seattle, for half my life
Home country: USA
Current location: Sw corner of Ala. for the rest of my life
Member since: Wed Feb 27, 2008, 01:09 PM
Number of posts: 37,668

About Me

Being the "Queen of Everything" (Mr. dixie is the Prince of What's Left) but................ Golden Retrievers RULE!!!

Journal Archives

Fargo foreclosure manual on trial!

America’s largest mortgage servicer just lost the battle to keep its controversial Wells Fargo Home Mortgage Foreclosure Attorney Procedure Manual out of federal court in New York.

At a hearing in lower Manhattan on April 8, Judge Allan Gropper admitted the manual into the bankruptcy case of a local homeowner in foreclosure, and he approved a request by his lawyer to be allowed to dig deeper.

Now Wells must produce a witness with knowledge of the manual who can answer lawyer Linda Tirelli’s questions under oath.

Hopefully, the tide is turning against fraudulent foreclosures.

The new real estate boom: Trailer parks.

Trailer Parks Lure Wall Street Investors Looking for Double-Wide Returns

With more of the U.S. middle class sliding into poverty and many towns banning new trailer parks, enterprising owners are getting rich renting the concrete pads and surrounding dirt on which residents park their homes.
The economics of mobile homes are particularly alluring to folks who’ve made their living in the markets. Many counties in the U.S. have banned or discouraged construction of new trailer parks because the inhabitants are poor, pay little in taxes and drain resources. Yet demand is higher than ever, new investors in the parks say, because so many people never got back on their feet after the recession.http://www.bloomberg.com/news/2014-04-10/trailer-parks-lure-investors-pursuing-double-wide-returns.html

Tricon Targets Upscale Mobile Home Parks in U.S. Bet
Tricon Capital Group Inc. (TCN), the Canadian company whose profit rose five-fold last year after betting on U.S. housing in the depths of the slump, now plans to expand into upscale mobile-home parks.
“If you look at the U.S. population, it’s definitely growing, it’s definitely getting older, and it’s probably getting poorer,” Berman, 40, said yesterday at Bloomberg’s office in Toronto. “What single-family rental and manufactured housing do is they provide very affordable housing for people.”

Lest you think this is for the poor folk, I know of a mobile home park in SF area in which the homes sell for 200-300 K PLUS the lot rent is now up to 1,000 or more bucks a month, and rents rise 50 to 75 a year.... every year. Even for the people who have been there long enough to own their own homes ( many of which were built in the 70 and 80's) lot rent that high is making prices unaffordable.

Nobel laureate novelist Gabriel Garcia Marquez has died; he was 87.

Mexican President Enrique Peña Nieto: 'In name of Mexico, I express my sadness at the death of one of the greatest writers of our times: Gabriel García Márquez. With his work, García Márquez made Latin American Magical Realism universal, leaving a mark on the culture of our time' -

Gabriel José de la Concordia García Márquez was a Colombian novelist, short-story writer, screenwriter and journalist, known affectionately as Gabo throughout Latin America. Considered one of the most significant authors of the 20th century, he was awarded the 1972 Neustadt International Prize for Literature and the 1982 Nobel Prize in Literature.
He was best known for his novels, such as One Hundred Years of Solitude (1967), Autumn of the Patriarch (1975) and Love in the Time of Cholera (1985).
His works have achieved significant critical acclaim and widespread commercial success, most notably for popularizing a literary style labeled as magic realism, which uses magical elements and events in otherwise ordinary and realistic situations.

Pssst...don't look now, but the Gov. is cleaning up some of the mortgage mess...shhhhhhhhh

In what appears to be a quiet move, most likely brought on by liability concerns, THIS is happening:

Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America (BAC) to a nonbank servicer because the bank is missing documents such as recorded mortgages and title policies on the underlying home loans.

Yep...over 10 years since missing mortgage paperwork fraud has been going on, and years after alternative media discovered and pointed out robo-signing and industry wide forgeries by banks and servicers to fake the lost paperwork, Ginnie Mae, a semi-private lender, has finally noticed a problem.

Ted Tozer, the president of Ginnie Mae, says he has held up the transfer of servicing rights by B of A "for an extended period" because the bank is not complying with agency's guidelines that require all mortgage documents be delivered to custodians in a timely manner.

"Issues are coming up now because documents are missing," Tozer said Tuesday. "It's a new phenomenon with the major banks getting out of the servicing business. We don't want to transfer the risk to a new servicer."

uh..no, Teddy, it is NOT a new phenonom...have you not watched tv or read the news for the last 10 years???
Hey, Teddy, have you not read DU, fer Christ's sakes...some of us have been writing about this since at least 2008.

It is unclear how widespread the problem of missing documents is in the transfers of mortgage servicing, Tozer says, and he does not want to single out B of A.
"I don't mean to sound like we're picking on B of A," he says. "I can't say if it's just B of A or not."

"As far as how big the issue is, we're not really sure,"

Pssst...teddy, it is ALL the major banks that took the loans and sold them off and tried to foreclose on missing paperwork mortgages.

Teddy boy has other stupid statements in the rest of the story, but be sure to note what is going on with the Big Banks trying to get out of servicing mortgages, and the fact the new NON-BANK servicers are also being investigated.

Full list of Pulitzer News and Arts winners, runners up.

I did not know of some of these stories till I read the list, was especially appaled about

" a Las Vegas mental hospital that used commercial buses to "dump" more than 1,500 psychiatric patients in 48 states over five years, reporting that brought an end to the practice and the firing of hospital employees."


Flu Drugs May Do More Harm Than Good, Researchers Find

Tamiflu and Relenza, antiviral drugs stockpiled by governments to tame influenza outbreaks, haven’t been proven to prevent pandemics and may cause more harm in some patients than good, researchers said after reviewing 170,000 pages of clinical-trial data.

The findings, published today in the journal BMJ, came from the Cochrane Collaboration, a nonprofit U.K. research organization, using information obtained from Roche Holding AG (ROG), maker of Tamiflu, and GlaxoSmithKline Plc (GSK), which sells Relenza.

The U.S. has spent $1.3 billion, and the U.K. 424 million pounds ($710 million), stockpiling the drugs following a 2009 outbreak of the H1N1 swine flu. The Cochrane researchers, who examined the reports of 20 Tamiflu trials and 26 Relenza studies, found Tamiflu reduced flu symptoms for adults by 17 hours without curbing the number of hospitalizations. Tamiflu also caused vomiting, delirium and loss of kidney function in some patients. There was no evidence that using the treatments could stop a massive outbreak, the researchers said.

“There’s no credible way these drugs could prevent a pandemic,” Carl Heneghan, one of the authors of today’s study and a professor of evidence-based medicine at the University of Oxford, said at a media briefing in London. Money spent on stockpiling “has been thrown down the drain.”

“Drug companies have an irreducible conflict of interest,” Godlee said. “It’s not in their interest to create a clear picture of a drug.”

NSA knew for at least 2 years about Heartbleed bug, regularly used it to gather intelligence

The U.S. National Security Agency knew for at least two years about a flaw in the way that many websites send sensitive information, now dubbed the Heartbleed bug, and regularly used it to gather critical intelligence, two people familiar with the matter said.

“It flies in the face of the agency’s comments that defense comes first,” said Jason Healey, director of the cyber statecraft initiative at the Atlantic Council and a former Air Force cyber officer. “They are going to be completely shredded by the computer security community for this.”

anyone surprised??

Enjoy this. Make a copy for posterity. Just remember it is a work in progress.

The Definitive List of Bank of America’s Misdeeds from 2008-2013

It is a table, pls. go to link.
if anyone can copy and paste it into this post, I would love that.


Housing market set to cause trouble

The problem:
2 types of Mortgage loans are fixing to re-set.

HAMP loans are good for 5 years only. First HAMP loans were made 5 years ago.
Almost 90% of HAMP loans will see increases, over the next 5 years.

HELOCS, which were good for 10 years, are now ready to start re-setting.
(Home Equity Line of Credit)
AKA 2nd mortgage.
Once the loan turns 10 years old, these so-called Helocs begin to add principal to the interest-only payments homeowners have been accustomed to paying. For some, those reset payments will be in the neighbourhood of $500 to $600 more each month.

Since the REAL economy, the one we have to live in day to day, has gotten so much worse from 2008,
many of these increased housing loans will not be affordable.

New email scam.

Got this in my Gmail today:

Unpaid taxes. Notice #111201

Good morning!

You have the fines for corporate tax. Detailed notice is in the attachment. ===========================
Password 87246746098
You should to verify it before April 10th 2014.
Otherwise you'll obtain lawsuit.
Very sincerely yours, Director of Tennessee Department of Revenue.
Bettye Espinoza dictaphonelyo@

(note the incomplete address)

There is an attachment for me to click on....

so, it is now in spam folder.

and I don't live in Tenn.
or speak engrish.

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