Rebuttal Letter Thomas Cox

 I agree with Mr. Cox about some of the unsavory tactics of the big banks and their lawyers.  Having practiced at a large firm defending Fortune 500 companies in Houston, followed by plaintiff’s’ work and corporate defense at a litigation boutique, I have never seen such bullying and offensive tactics as I’ve experienced in Arizona […]

Tail Wags Dog Says Levitin

Full article here on creditslips.org: WSJ: The Tail Wags the Foreclosure Dog posted by Adam Levitin The Wall Street Journal’s economics blog had a poorly thought-through take on foreclosures. The main point of the piece was that the time from default to foreclosure has grown much, much longer. (Not noted is that the timeframe varies […]

Hearings and More Hearings

Right now, C-SPAN3 was supposed to be showing the Financial Stability Oversight Council Meeting with Treasury Sec’y Tim Geithner.  The meeting is supposed to include an update on mortgage servicing and foreclosure issues and votes on several resolutions to advance implementation of the Dodd-Frank Act.  There was supposed to be a closed session at 11 […]

TBTF and Captured Govt: It’s a BiPartisan Issue

From Washington’s Blog: [A]  Rassmussen poll conducted in February found: 70% [of all voters] believe that the government and big business typically work together in ways that hurt consumers and investors. (and see this and this). Remember that the government helped and encouraged the giant banks to get even bigger, and then has hidden their […]

Levitin Kills It!

Here’s a good post on Adam Levitin’s testimony at today’s hearing on robo-signers, chain of title problems, etc. David Dayen’s full piece below: http://foreclosureblues.wordpress.com/2010/11/18/levitin-addresses-elephant-in-the-room-regulators-don%e2%80%99t-want-to-fix-the-foreclosure-crisis/ Georgetown U.’s Adam Levitin has become something of a rock star during the foreclosure fraud crisis. He had some of the best and most biting commentary in the Senate Banking Committee […]

Congressional Hearing on Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing

C-SPAN3 temporarily cut away from the hearing to go to Rangel’s sanctions but the hearing is still on here. The participants (R.K. Arnold of MERS and Professor Adam Levitin have been busy this week): Robo-Signing, Chain of Title, Loss Mitigation and Other Issues in Mortgage Servicing Date: November 18, 2010 Time: 10:00AM Location: 2128 Rayburn House Office […]