Keyword: socialjusticejudge

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  • Time To Put A Fork In MERS?

    02/13/2011 10:32:06 AM PST · by Chunga85 · 13 replies · 1+ views
    Market Ticker ^ | 2/13/2011 | Karl Denninger
    I was wondering how long this would take.... it appears that all the crooners that have appeared in front of Congress and elsewhere have finally had their heads cut off by.... as I expected..... a bankruptcy Judge. Bankruptcy Judges are federal judges. The Federal bench tends to have a very low tolerance for bullcrap, although they do get bamboozled and fall prey to political arguments from time to time, like any body composed of humans. Nonetheless if you want to find justice, you usually will have a better shot at it in a Federal courtroom than in a State one....
  • MERS? It May Have Swallowed Your Loan

    03/06/2011 7:25:28 PM PST · by Palter · 89 replies
    The New York Times ^ | 05 Mar 2011 | MICHAEL POWELL and GRETCHEN MORGENSON
    FOR more than a decade, the American real estate market resembled an overstuffed novel, which is to say, it was an engrossing piece of fiction. Mortgage brokers hip deep in profits handed out no-doc mortgages to people with fictional incomes. Wall Street shopped bundles of those loans to investors, no matter how unappetizing the details. And federal regulators gave sleepy nods. That world largely collapsed under the weight of its improbabilities in 2008. But a piece of that world survives on Library Street in Reston, Va., where an obscure business, the MERS Corporation, claims to hold title to roughly half...
  • “MERS Corp Lacks Right”, Says Judge

    02/15/2011 12:51:09 PM PST · by survivingcalifornia · 4 replies
    www.survivingcalifornia ^ | 2/15/2011 | SurvivingCalifornia
    Inquiring minds are watching the loses pile up for the beleaguered MERS Corp. We at SurvivingCalifornia.com have been writing on this for quite some time now and people are beginning to believe that this is an incredible problem. Now a U.S. Bankruptcy Judge in New York has stated that MERS has no right to transfer mortgages: U.S. Bankruptcy Judge Robert E. Grossman in Central Islip, New York, in a decision he said he knew would have a “significant impact,” wrote that the membership rules of the company’s Mortgage Electronic Registration Systems, or MERS, don’t make it an agent of the...