L E V E R A G E . . . MBS Crime...Season 4, Episode 1 | "Alan said theywere seizing properties they didn't even own and signing foreclosureforms without even reading them..." Ford replied ....

L E V E R A G E . . . MBS Crime...Season 4, Episode 1 | "Alan said they were seizing properties they didn't even own and signing foreclosure forms without even reading them..." Ford replied ....

LEVERAGE – Exposes Mortgage Securitization Ponzi

"The rich and powerful, they take what they want. We steal it back for you. Sometimes bad guys make the best good guys. We provide… "leverage"."                – Nathan Ford

In terms simple enough for even a circuit court judge to understand, Nathan Ford explains the mortgage-backed securitization scheme. When the wife of a missing mortgage banking executive said, "Alan said they were seizing properties they didn't even own and signing foreclosure forms without even reading them…" Ford replied,"Oh yeah, robo-signing… yeah, that's what they call it. What they do is they sign a thousand foreclosures and they bet that the homeowners don't have the money to fight the case. Now the courts, they'll stop it if your husband had proof…"

Maybe it was a premonition that creators John Rogers and Chris Downey constructed an episode where they go looking for a missing mortgage banker… who he ends up dead …as has been happening so often – recently… 3 years later.

Leverage is an American television drama series, which aired on TNT from December 7, 2008 to December 25, 2012 and can now be found on Netflix. The clip above was from Season 4, Episode 1 and called "The long way down job. " Leverage follows a five-person team: a thief, a grifter, a hacker, and a retrieval specialist, led by former insurance investigator Nathan Ford, who use their skills to fight corporate and governmental injustices inflicted on ordinary citizens.

The cast members are extremely talented and perfectly matched – the writing is superb. There is no doubt when you watch this segment you'll be wishing that we had a Leverage team in foreclosure defense. Boy, could we keep them busy and it would never get boring, yeah?

Think about it …SWAT Team evictions, IT guys suicided with nail guns, bankers "falling" off 30 story buildings and family murder-suicides…  Hong Kong, London, Cayman Islands stashed funds, bribed judges and politicians, legislators with "Friends of Al" mortgage deals …and that's just a few highlights. There's also money laundering, LIBOR rigging, and of course, all those empty trusts, shadow banking deals… and let's not forget the patents.

The fellas behind this well-timed caper show are John Rogers, a feature writer who's had a hand in scripts including the first Transformers and The Core, and Chris Downey, who spent most of this young century on the star-making sitcom The King of Queens. Before that life he was a white-collar criminal defense attorney. Ahhhh… intimate knowledge.

When asked in a interview with Writers Guild of America was the show manna from heaven?

"John Rogers: It is a little bit, but it's one of those things where, if a writer had pitched a Ponzi scheme in the first season, I would have punched him in the head because, who's gonna fall for a Ponzi scheme?

Chris Downey: A $20 billion Ponzi scheme? Get real.[Yeah, more like $600 Trillion. DC Ed.]

John Rogers: In a way what it proved to us is that reality is much simpler and cleaner and more ridiculous than anything you can come up with in a writer's room.

Chris Downey: And, you know, even though this stuff really hit the headlines when we were breaking season two, when we were conceiving the show, it was in the wake of Enron and Tyco. This has really been building for over a decade. I had stock in WorldCom that evaporated. In my previous life I represented guys like this, so this is not a world that is unfamiliar." [Read more HERE]

The charming Timothy Hutton is Nathan "Nate" Ford ("The Mastermind" or "The Brains" in the opening credits of later seasons): A former insurance fraud investigator for IYS Insurance operated by Ian Blackpoole and the team's mastermind. The son of South Boston numbers runner Jimmy Ford, Nate originally intended to become a Catholic priest prior to becoming an insurance investigator. Nate becomes a thief to steal back what the wealthy have taken from the people on  case by cases for hire basis. Now, doesn't that open up some interesting angles with AIG, too???

Anyway, the point of this post is that it may take time (and we are seeing more of this) – but the MBS ruse (securitization scam) has made it to the mainline telly in your living room and as the Leverage segment and others air over and over again, more people (and judges) become increasingly aware that there has been a major scam on American homeowners and rip-off of American properties… not to mention deeply embedded corruption.

Watch a few segments and see if you aren't wishing for Leverage to take on America's favorite foreclosure bankster Jamie Dimon or for Alec Hardison to wipe out the TBTF main frames and memory of any and all accounts… not to mention some Eliot Spencer clock cleaning.

Hey, Nate – "let's go steal some patents…"

Related articles

• Broward industrial building hit with foreclosure
• Mirable Dictu! Florida Activists Help Depose Terrible Foreclosure Judge
• Securitized Distrust - Part Two
• VIDEO: How to Fight a Wrongful Foreclosure
• In Wells Fargo's Own Words, There is No Lender in Securitization
• JPMorgan Chase Engaged in Mortgage Fraud. The Securitization Fraud That Collapsed the Housing Market
• Mass. Bankruptcy Judge Voids Foreclosure Of MERS Mortgage
• The Resolution Law Group: A Closer Look At The Foreclosure Situation
• LEVERAGE - Exposes Mortgage Securitization Ponzi
• Broward apartments sold for $22.5M three years after foreclosure

L E V E R A G E . . . MBS Crime...Season 4, Episode 1 | "Alan said theywere seizing properties they didn't even own and signing foreclosureforms without even reading them..." Ford replied ....

L E V E R A G E . . . MBS Crime...Season 4, Episode 1 | "Alan said they were seizing properties they didn't even own and signing foreclosure forms without even reading them..." Ford replied ....

LEVERAGE – Exposes Mortgage Securitization Ponzi

"The rich and powerful, they take what they want. We steal it back for you. Sometimes bad guys make the best good guys. We provide… "leverage"."                – Nathan Ford

In terms simple enough for even a circuit court judge to understand, Nathan Ford explains the mortgage-backed securitization scheme. When the wife of a missing mortgage banking executive said, "Alan said they were seizing properties they didn't even own and signing foreclosure forms without even reading them…" Ford replied,"Oh yeah, robo-signing… yeah, that's what they call it. What they do is they sign a thousand foreclosures and they bet that the homeowners don't have the money to fight the case. Now the courts, they'll stop it if your husband had proof…"

Maybe it was a premonition that creators John Rogers and Chris Downey constructed an episode where they go looking for a missing mortgage banker… who he ends up dead …as has been happening so often – recently… 3 years later.

Leverage is an American television drama series, which aired on TNT from December 7, 2008 to December 25, 2012 and can now be found on Netflix. The clip above was from Season 4, Episode 1 and called "The long way down job. " Leverage follows a five-person team: a thief, a grifter, a hacker, and a retrieval specialist, led by former insurance investigator Nathan Ford, who use their skills to fight corporate and governmental injustices inflicted on ordinary citizens.

The cast members are extremely talented and perfectly matched – the writing is superb. There is no doubt when you watch this segment you'll be wishing that we had a Leverage team in foreclosure defense. Boy, could we keep them busy and it would never get boring, yeah?

Think about it …SWAT Team evictions, IT guys suicided with nail guns, bankers "falling" off 30 story buildings and family murder-suicides…  Hong Kong, London, Cayman Islands stashed funds, bribed judges and politicians, legislators with "Friends of Al" mortgage deals …and that's just a few highlights. There's also money laundering, LIBOR rigging, and of course, all those empty trusts, shadow banking deals… and let's not forget the patents.

The fellas behind this well-timed caper show are John Rogers, a feature writer who's had a hand in scripts including the first Transformers and The Core, and Chris Downey, who spent most of this young century on the star-making sitcom The King of Queens. Before that life he was a white-collar criminal defense attorney. Ahhhh… intimate knowledge.

When asked in a interview with Writers Guild of America was the show manna from heaven?

"John Rogers: It is a little bit, but it's one of those things where, if a writer had pitched a Ponzi scheme in the first season, I would have punched him in the head because, who's gonna fall for a Ponzi scheme?

Chris Downey: A $20 billion Ponzi scheme? Get real.[Yeah, more like $600 Trillion. DC Ed.]

John Rogers: In a way what it proved to us is that reality is much simpler and cleaner and more ridiculous than anything you can come up with in a writer's room.

Chris Downey: And, you know, even though this stuff really hit the headlines when we were breaking season two, when we were conceiving the show, it was in the wake of Enron and Tyco. This has really been building for over a decade. I had stock in WorldCom that evaporated. In my previous life I represented guys like this, so this is not a world that is unfamiliar." [Read more HERE]

The charming Timothy Hutton is Nathan "Nate" Ford ("The Mastermind" or "The Brains" in the opening credits of later seasons): A former insurance fraud investigator for IYS Insurance operated by Ian Blackpoole and the team's mastermind. The son of South Boston numbers runner Jimmy Ford, Nate originally intended to become a Catholic priest prior to becoming an insurance investigator. Nate becomes a thief to steal back what the wealthy have taken from the people on  case by cases for hire basis. Now, doesn't that open up some interesting angles with AIG, too???

Anyway, the point of this post is that it may take time (and we are seeing more of this) – but the MBS ruse (securitization scam) has made it to the mainline telly in your living room and as the Leverage segment and others air over and over again, more people (and judges) become increasingly aware that there has been a major scam on American homeowners and rip-off of American properties… not to mention deeply embedded corruption.

Watch a few segments and see if you aren't wishing for Leverage to take on America's favorite foreclosure bankster Jamie Dimon or for Alec Hardison to wipe out the TBTF main frames and memory of any and all accounts… not to mention some Eliot Spencer clock cleaning.

Hey, Nate – "let's go steal some patents…"

Related articles

• Broward industrial building hit with foreclosure
• Mirable Dictu! Florida Activists Help Depose Terrible Foreclosure Judge
• Securitized Distrust - Part Two
• VIDEO: How to Fight a Wrongful Foreclosure
• In Wells Fargo's Own Words, There is No Lender in Securitization
• JPMorgan Chase Engaged in Mortgage Fraud. The Securitization Fraud That Collapsed the Housing Market
• Mass. Bankruptcy Judge Voids Foreclosure Of MERS Mortgage
• The Resolution Law Group: A Closer Look At The Foreclosure Situation
• LEVERAGE - Exposes Mortgage Securitization Ponzi
• Broward apartments sold for $22.5M three years after foreclosure

Servicer Advances, Modification of Loans and Sundry Matters by Neil Garfield

Neil Garfield posted: "I appear to have sparked some controversy over my comments that were directed at modifications and servicer advances --- subjects that are not necessarily related. But they could be related -- as where the homeowner seeks a modification on which there hav" Respond to this post by replying above this line New post on Livinglies's Weblog Servicer Advances, Modification of Loans and Sundry Matters by Neil Garfield I appear to have sparked some controversy over my comments that were directed at modifications and servicer advances --- subjects that are not necessarily related. But they could be related -- as where the homeowner seeks a modification on which there have been servicer advances. So to answer some questions about Modifications, I will first state that no article on any subject on this blog is intended to be a complete exposition of an issue --- if it was, each post would equivalent to a treatise several hundred pages long. That is why we say don't use any one article as the authority for your situation and to get advice from competent licensed professionals who can service your needs based upon your information. That said, there have been numerous comments about modifications, some of which have correct information in them. Like anything else found here, you should check with knowledgeable licensed professionals before you act on anything --- especially the comments posted by people who have their own axe to grind. One thing is true --- modification has a lot of moving parts and it isn't as simple as anyone would like it to be. There are also tax issues that effect the calculations which I have not yet explored on these pages. Modification is a sub-specialty of law in which I do not claim any rights. But that is the point. Most of the people who are giving opinions on modification are not lawyers, nor accountants, nor trained, licensed individuals in any area of any discipline. They have some experience, and that experience has molded their perceptions but they don't know enough to conceive of solutions outside the box in which they operate. And some of them are on the payroll of banks who are waging a PR campaign in which they are spending billions, in one form or another, to make it look like the loans are real and the modification of them is the right way to go. Modification IS a real option as long as you get something real. Qualifying for a modification takes time, expertise and the ability to present a credible threat in litigation, which is why I favor lawyers over anyone else doing modifications. The cost-benefit analysis should be done by someone who does this all day long and who is constantly researching options. I write about bits and pieces. Attorneys who have well defined departments that handle modifications, short-sales, hardest hit programs, and other programs that offer assistance are miles ahead of me and any of the comments I have seen on my writing about modification. As to servicer advances there is a small debate going on but I stick with my analysis. If the creditor has indeed received payment on the account of the loan that is being collected or foreclosed then there is either no default or the notice of default, notice of acceleration and/or the lawsuit itself and the evidence submitted are wrong as to amount. The fact that there COULD be a claim against the borrower for unjust enrichment is irrelevant. First, even if the claim exists, it is not secured by the mortgage nor described by the note. Second, it is not likely that those claims will ever be brought. And lastly --- and I do mean lastly --- thank you for your various invitations for a debate. My answer is no, I will save that for court or a seminar in which we cover the four corners of the issues. I will not "debate" issues of law with non-lawyers, or anyone else that lacks credentials to challenge anything I have said. And if you have reading this blog for years you can see how I have evolved in my own thinking and analysis causing me to reverse some prior strategies that I had suggested. But the basic information about securitization presented here is, to the best of my knowledge and belief (see about Neil Garfield), still completely correct and facts and decisions on the ground have proven me right in each case. At first everyone scoffs, then  they end up arguing for it. They scoff because some of these things are counter-intuitive --- i.e., they seem impossible. That doesn't make them any less true. I was right about everything, factually in 2007, legally in 2008 and I believe I remain so. It is taking the judicial system a long time to catch up because of the intense complexity and opacity of the "securitization" game. Neil Garfield | April 9, 2014 at 1:23 pm | Categories: AMGAR, CORRUPTION, evidence, expert witness, foreclosure, foreclosure defenses, GARFIELD KELLEY AND WHITE, GTC | Honor, Investor, MBS TRUSTEE, MODIFICATION, Mortgage, Pleading, securities fraud, Servicer, TRUST BENEFICIARIES | URL: http://wp.me/p7SnH-66X Comment    See all comments    Like Unsubscribe to no longer receive posts from Livinglies's Weblog. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://livinglies.wordpress.com/2014/04/09/servicer-advances-modification-of-loans-and-sundry-matters/ Thanks for flying with WordPress.com

Servicer Advances, Modification of Loans and Sundry Matters by Neil Garfield

Neil Garfield posted: "I appear to have sparked some controversy over my comments that were directed at modifications and servicer advances --- subjects that are not necessarily related. But they could be related -- as where the homeowner seeks a modification on which there hav" Respond to this post by replying above this line New post on Livinglies's Weblog Servicer Advances, Modification of Loans and Sundry Matters by Neil Garfield I appear to have sparked some controversy over my comments that were directed at modifications and servicer advances --- subjects that are not necessarily related. But they could be related -- as where the homeowner seeks a modification on which there have been servicer advances. So to answer some questions about Modifications, I will first state that no article on any subject on this blog is intended to be a complete exposition of an issue --- if it was, each post would equivalent to a treatise several hundred pages long. That is why we say don't use any one article as the authority for your situation and to get advice from competent licensed professionals who can service your needs based upon your information. That said, there have been numerous comments about modifications, some of which have correct information in them. Like anything else found here, you should check with knowledgeable licensed professionals before you act on anything --- especially the comments posted by people who have their own axe to grind. One thing is true --- modification has a lot of moving parts and it isn't as simple as anyone would like it to be. There are also tax issues that effect the calculations which I have not yet explored on these pages. Modification is a sub-specialty of law in which I do not claim any rights. But that is the point. Most of the people who are giving opinions on modification are not lawyers, nor accountants, nor trained, licensed individuals in any area of any discipline. They have some experience, and that experience has molded their perceptions but they don't know enough to conceive of solutions outside the box in which they operate. And some of them are on the payroll of banks who are waging a PR campaign in which they are spending billions, in one form or another, to make it look like the loans are real and the modification of them is the right way to go. Modification IS a real option as long as you get something real. Qualifying for a modification takes time, expertise and the ability to present a credible threat in litigation, which is why I favor lawyers over anyone else doing modifications. The cost-benefit analysis should be done by someone who does this all day long and who is constantly researching options. I write about bits and pieces. Attorneys who have well defined departments that handle modifications, short-sales, hardest hit programs, and other programs that offer assistance are miles ahead of me and any of the comments I have seen on my writing about modification. As to servicer advances there is a small debate going on but I stick with my analysis. If the creditor has indeed received payment on the account of the loan that is being collected or foreclosed then there is either no default or the notice of default, notice of acceleration and/or the lawsuit itself and the evidence submitted are wrong as to amount. The fact that there COULD be a claim against the borrower for unjust enrichment is irrelevant. First, even if the claim exists, it is not secured by the mortgage nor described by the note. Second, it is not likely that those claims will ever be brought. And lastly --- and I do mean lastly --- thank you for your various invitations for a debate. My answer is no, I will save that for court or a seminar in which we cover the four corners of the issues. I will not "debate" issues of law with non-lawyers, or anyone else that lacks credentials to challenge anything I have said. And if you have reading this blog for years you can see how I have evolved in my own thinking and analysis causing me to reverse some prior strategies that I had suggested. But the basic information about securitization presented here is, to the best of my knowledge and belief (see about Neil Garfield), still completely correct and facts and decisions on the ground have proven me right in each case. At first everyone scoffs, then  they end up arguing for it. They scoff because some of these things are counter-intuitive --- i.e., they seem impossible. That doesn't make them any less true. I was right about everything, factually in 2007, legally in 2008 and I believe I remain so. It is taking the judicial system a long time to catch up because of the intense complexity and opacity of the "securitization" game. Neil Garfield | April 9, 2014 at 1:23 pm | Categories: AMGAR, CORRUPTION, evidence, expert witness, foreclosure, foreclosure defenses, GARFIELD KELLEY AND WHITE, GTC | Honor, Investor, MBS TRUSTEE, MODIFICATION, Mortgage, Pleading, securities fraud, Servicer, TRUST BENEFICIARIES | URL: http://wp.me/p7SnH-66X Comment    See all comments    Like Unsubscribe to no longer receive posts from Livinglies's Weblog. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://livinglies.wordpress.com/2014/04/09/servicer-advances-modification-of-loans-and-sundry-matters/ Thanks for flying with WordPress.com