Category Archives: Mortgage Backed Securities (MBS)

Loan Securitization Rears it’s Ugly Head on the Today Show

A caller this morning on the Today Show segment Money 911 asked why Wells Fargo wouldn’t modify their loan given the expectations set by the new 25 Billion dollar AG Settlement with the five largest banks.

“And you will know the truth, and the truth will set you free.” John 8:32

On Good Friday, thought an appropriate biblical reference was in order — John 8:32, “And you will know the truth, and the truth will set you free.”

Today, like every day, we are muddling through many foreclosure files rife with out right lies, misleading affidavits and phony MERS assignments of mortgage.