mortgage

e-Logic Group CEO Anthony Martinez Conducts Strategy Sessions To Discuss Seminars On Advanced Securitization Audits, Forensic Audits, Quiet Title, Mortgage Fraud

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Miami, FL (PRWEB) July 13, 2012

As real estate scammers continue to hold bogus seminars using hot industry catch phrases like Quiet Title and Mortgage Fraud, a greater need has presented itself for real, crucial and critical information on these very real topics. “I may think I know everything there is to know about advanced securitization, quiet title and mortgage fraud options or arguments but that may not coincide with what attorneys and investors really need,” says Anthony Martinez, e-Logic Group’s Chief Executive Officer whose company now offers Advanced Securitization Audits, Forensic Audits and Litigation Strategy Analysis and is very well known in the legal community as one of the most reliable go to resources. “Attendees of seminars are your clients and like all relationships it’s important to discuss your clients needs, understand them and come up with a plan that works for them. That’s why I’ve decided to conduct strategy sessions with attorneys and investors on the topics of my Discovery Tactic’s Seminars before I actually begin offering them.”

Discovery Tactic Seminars are designed to be cutting edge. They offer attendees factual and critical real life working information that’s not theory based on someone’s inexperienced interpretation. Discovery Tactics is a Weblog authored by Mr. Martinez, a Discovery Expert, Consultant and Strategist. His consulting company Anthony Martinez & Associates/AMA Global Group (“AMA”) is the most advanced Legal Process Outsourcing (“LPO”) company (and probably the only LPO Service Provider) that specializes in real property defense and offensive litigation that offers true back-end office support services to attorneys. AMA does advanced legal research, drafts advanced pleadings and trains attorneys in specific litigation tactics and strategies relative to real property litigation.

“I’ve seen these quiet title seminars and the information they offer first hand. Their quiet title approach is based on the hope of a default. So what happens when the opposition fights back, claims your action is frivolous and moves for attorney fees?

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Q&A: On a foreclosed home, who negotiates the price on behalf of the mortgage owner(s)?

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Question by Gaetan: On a foreclosed home, who negotiates the price on behalf of the mortgage owner(s)?
Let’s say, a home goes through foreclosure. Its related mortgage was pooled and securitized among thousands of others. Now, the home is for sale. The real estate broker incentive is to set a low price to turnover the property quickly. That’s because for a broker time is money.

So, who negotiates the price and protect the fragmented owners interest (MBS investors). Is it the servicer of the mortgage? But, because of his own operating cost he also would have an incentive to sell quickly at a low price. How about the securitization bond trustee. Does the trustee step in and negotiate with the broker what price is deemed acceptable to the MBS investors?

You can see it is kind of a gnarly question. If you have a clear understanding of this process, please educate me.

Best answer:

Answer by Pengy
No one because in the end you are ultimately responsible, and the interest and charges keep adding up.

Add your own answer in the comments!

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What caused the Subprime Mortgage Crisis that Caused 2008 Financial Disaster?

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Question by Rocky: What caused the Subprime Mortgage Crisis that Caused 2008 Financial Disaster?
New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis that Caused 2008 Financial Disaster
Posted by Jim Hoft on Saturday, December 22, 2012, 9:48 AM

In his early activist days, Barack Obama the community organizer sued banks to ease lending practices.

State Sen. Barack Obama and Fr. Michael Pfleger led a protest against the payday loan industry demanding the State of Illinois to regulate loan businesses in January 2000. During his time as a community organizer Barack Obama led several protests against banks to make loans to high risk individuals. (NBC 5 Week of January 3, 2000)

Here’s something that won’t get any play in the liberal media…
A new study by the respected National Bureau of Economic Research found that Democrats are to blame for the subprime mortgage crisis.
Investor’s Business Daily reported:

Democrats and the media insist the Community Reinvestment Act, the anti-redlining law beefed up by President Clinton, had nothing to do with the subprime mortgage crisis and recession.

But a new study by the respected National Bureau of Economic Research finds, “Yes, it did. We find that adherence to that act led to riskier lending by banks.”

Added NBER: “There is a clear pattern of increased defaults for loans made by these banks in quarters around the (CRA) exam. Moreover, the effects are larger for loans made within CRA tracts,” or predominantly low-income and minority areas.

To satisfy CRA examiners, “flexible” lending by large banks rose an average 5% and those loans defaulted about 15% more often, the 43-page study found.

The strongest link between CRA lending and defaults took place in the runup to the crisis — 2004 to 2006 — when banks rapidly sold CRA mortgages for securitization by Fannie Mae and Freddie Mac and Wall Street.

CRA regulations are at the core of Fannie’s and Freddie’s so-called affordable housing mission. In the early 1990s, a Democrat Congress gave HUD the authority to set and enforce (through fines) CRA-grade loan quotas at Fannie and Freddie.

It passed a law requiring the government-backed agencies to “assist insured depository institutions to meet their obligations under the (CRA).” The goal was to help banks meet lending quotas by buying their CRA loans.

But they had to loosen underwriting standards to do it. And that’s what they did.

Republicans warned Democrats of the impending doom in 2004.
video
Fannie Mae/Freddie Mac Hearings 2004

But Democrats wouldn’t budge.

http://www.thegatewaypundit.com/2012/12/new-study-finds-democrats-fully-to-blame-for-subprime-mortgage-crisis-that-caused-financial-collapse/

http://news.investors.com/ibd-editorials-perspective/122012-637924-faults-community-reinvestment-act-cra-mortgage-defaults.htm?p=full

Best answer:

Answer by Darla
The Gramm(R) Bliley(R) Act of 1999.

What do you think? Answer below!

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Has You Mortgage Received A Securitization Audit?? – What IS This??

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Has You Mortgage Received A Securitization Audit?? – What IS This?? This audit tracks and traces the line of ownership of you mortgage and should be done if …
Video Rating: 5 / 5

HBN ( www.hbn.cc 323-522-5635) provides service to property owners to protect their legal interests, defend against pretender note holders, and banking entit…

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Will mortgage securitization pass or fail in the future?

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Question by : Will mortgage securitization pass or fail in the future?
Will securitization of mortgages succeed or fail in the future markets? What are some reasons why or why not?

Thanks
I was asking more about the general process of the secondary mortgage market where there is securitization of mortgages. (mortgages are pooled together with hundreds or thousands of others, where investors can they invest in them).
Also, do you have any idea what an IO trigger is? an advantage and disadvantage of an IO trigger? I’m not really sure what it means?

Best answer:

Answer by Immortal
Are you talking about the CMO and CDO where there are various different tranches to invest in?

Yes, that sounds very much like CDO/CMO investment. In that case, I don’t think anyone who knows about the true nature of CDO/CMO would bother to invest in it, and ultimately cause it to cease to exist.

Why?
Because these kind of securitization is used to reallocate all the mortgages’ risks (prepayment risk, default risk, interest rate risk, etc) into several different tranches. Some of the tranches will overcompensate the investors based on lower-than-average risks, while some other tranches will be undercompensated based on higher-than-average risks. The average that I mean refers to the average risks of the whole mortgages included in the securitization.

For a smart investor, he will invest in the tranches that overcompensate him. In other words, he was supposed to get average return at average risk if there was no segregation of mortgages by tranches, but because there’s segregation based on tranches, this smart investor will buy the tranches that give him higher return at average risk, or average return at lower risk.

That will leave out the other tranches that undercompensate any investors stupid enough not to realize they are being undercompensated. So these investors will take the most brunt in case of defaults. Even though these tranches are undercompensating, those who package the securitization can make them look very attractive to attract ignorant investors. Only then can all the tranches be sold out. Or else you’ll have half of them sold out and the other half unwanted.

When people get more educated about the nature of these kind of investments, they will stay out of the other half that undercompensate them. Then the party that have liability to the unsold securities will have to continue to bear the mortgage risks. That’s not the purpose of securitization in the first place. Securitization comes with the purpose to transfer the mortgage risk to the buyers, both the smart and the stupid.

I don’t know what you mean by IO trigger, but I know IO stands for Interest Only, which means your investment will receive interest payment only. There will not be any principal amortization. And the higher the interest rates, the lower will be the prepayment rate, and the more certain you’ll continue receiving interest payments into the future.

Add your own answer in the comments!

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