Alabama State University lawsuit against forensic auditor A report was

lawsuit against Alabama State University forensic auditor A report was He alluded to a attainable discrimination by the forensic auditor, noting that the firm has not produced any concern of payments of the school to the Attorney General Luther Strange – then a prominent Republican lobbyist – consulting function prior to his election … discover a lot more about (weblog)

initial rental applications statutory audit Initial Leasing Company of India has asked the former CBI director RK Raghavan to conduct a forensic audit of its economic operations to establish no matter whether there was a misuse of funds. The improvement comes in the wake of media reports that Farouk … Read much more about
FMC orders statutory audit MET The Commission futures (CME) on Monday informed the Bombay High Court that he would soon get forensic audit of the E Series of National Spot Exchange Ltd (TEM). The court heard the motions filed on the e-series TEM. Read more about

Forensic Loan Audit: An crucial tool in the fight against foreclosure

Contemplating a surprising 90% of mortgages have some sort of error that could nullify, or at least the price of considerable income from the bank to spend fines and damages to appropriate check loan is an important tool in negotiating with your bank for a loan modification. Common mistakes consist of:

/> incorrect interest rate
junk charges

scrap charge is a charge that has no reputable basis or add absolutely nothing of value to the processing of your loan documents. For example, above you charge a registration charge for documents to register your new trust deed in the office of the county recorder, your broker charges you also filing costs. Such a charge is utilised to additional align the pocket of your broker and adds no worth to your transaction.

broker or loan officer Undisclosed Compensation

Especially in the case of subprime loans, numerous brokers have received compensation in the form of yield spread premiums, which means that they had been compensated as a percentage of the original loan amount for a greater interest loan. To date, give bonuses spread are not in themselves illegal as they are communicated to the borrower. Most brokers do not disclose their remuneration yield spread premium.

The initial step to obtain verification of the loan is to bring your loan documents with each other.

If you have not, you can send a written request to your qualified request copies of your loan documents repair request. Your service provider should acknowledge receipt of your written request qualified within 20 days of receipt and have to appropriate any errors inside 60 functioning days.

When you have your supplies, you can hire an audit firm willing to appear more than in case of violation. If you uncover any, and if you’re a single of the lucky ten% whose documents are blank loans, you will have an excellent bargaining chip to use against your service when negotiating a loan modification.

more on debt, mortgages to credit cards audit legal articles

Bank Workers Start off Coming Forward With Stories Of Lies & Deceitful Acts Against Property owners

From the New York Occasions Write-up, Two States Sue Bank of America More than Mortgages in December of 2010 – Former personnel said that Bank of Americas modification employees was chaotic, understaffed and not oriented to consumers, according to a news release. One particular former employee mentioned, The major objective of the training is to teach us how to get clients off the phone in significantly less than 10 minutes.

Another employee stated, When checking on a borrowers status, I typically located that the modification request had not been dealt with or was so old that the request had become inactive. However, I was instructed to inform borrowers that they have been active and in status. One particular time I complained to a supervisor that I felt I always was lying to borrowers.
From an e mail that Tila Solutions received from a former bank employee: I have just in the last 2 weeks resigned my position from a single of the leading three banks in the country. I had been functioning in the Prime Mortgage Department speaking to hundreds and hundreds of delinquent property owners, who have been anywhere from 1 to 18 plus payments delinquent and/or in various stages of loan mods, or declined for loan mods. I have been a single of the best performers in that division, earning monthly bonuses, and then just lately, I was recruited to work on the foreclosure affidavit re-views and to re-function and an re-submitt them to continue the foreclosure procedure. I am sure you’ve been reading in the newspapers about that mess and a lot of it is correct.

In speaking with hundreds of delinquent property owners, it has just blown me away, at how unaware they are of what is going on and how they think every little thing they are told by the staff of the banks.

From an anonymous telephone get in touch with by a BofA Employee to Tila Solutions: BofA finds ridiculous ways to disqualify men and women for loan modifications, one particular trick is to tell them to send in a list of documents, and then disqualify them simply because they didnt send in 1 document which was in no way asked for by the bank in the 1st place. An additional trick they have is to disqualify anybody that has some further funds in savings. BofA currently has 80,000 files for loan mod from final December that they are just acquiring to. Oh and by the way, it only takes two days to do a loan mod.

From a homeowner who referred to as in to Tila, I was referred to your business to get support on my loan mod. When asked who referred the homeowner, they mentioned that they were not supposed to say who, but that it was from a individual who worked inside BofA and knew of Tila Options, and told the homeowner that if she actually wanted to save her residence to get in touch with Tila Options.

The cause Tila Solutions is capable to efficiently support save houses is since they know how the banks operate. They know the banks lie, cheat, mislead, and outright steal peoples houses. For these factors Tila begins all new circumstances by investigating the banks loan and or foreclosure either with a Forensic Audit or a Securitization Audit. They make it clear to the bank that the homeowner is not in the wrong, the bank is. From this groundwork they then move by way of all the bank lies and deceit and get that homeowner a loan mod.

Frequently other Audit or Loan Mod firms fail to get the job carried out basically since they too are a) believing what the banks say, and b) they dont have any negotiations energy. Tila does not operate that way. Listening to and believing the banks is the greatest way to lose your property. As an alternative, get sensible. Get Forensics and/or Securitization audits done by Tila Solutions and have them negotiate with the bank for you.

Tila Options looks out for you. Their audits will prove you have been wronged and they will use these audits to assist you get a loan mod. A Tila Solutions Consultant is available for folks by telephone at (702) 508-0335. Or you can go to the Tila Solutions site at . They will support you and your loved ones. They are on your side.

TAGS: BofA, Bank of America, loan mod, loan modification, foreclose, foreclosure, Tila Options, Tila, loan, audit, fraud, forensic audit, Securitization Audit, fraudulent loan modifications,

is a freelance researcher and journalist.

Did the GrammLeache bill in 1999 really ‘deregulate’ banks? Is that why Ron Paul voted against it? Loves regs?

Question by DAR: Did the GrammLeache bill in 1999 really ‘deregulate’ banks? Is that why Ron Paul voted against it? Loves regs?\

That followed bailing out hedge funds, if you recall. Ron Paul, rather than seeing it as deregulating saw it as a set up for further bailouts and taxpayer liability for failing entities. He thought the deregulation parts could be written in a one page bill and the rest was new REGULATION which would end up creating bubbles and shifting liability for business ventures to taxpayers.

Sound familiar?

And if he was so prescient then, why is the government now only turning for solutions to those who drove us off a cliff, to begin with?

From 1999:

“today we are considering a bill aimed at modernizing the financial services industry through deregulation. It is a worthy goal which I support. However, this bill falls short of that goal. The negative aspects of this bill outweigh the benefits….

The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation–keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending.
Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $ 1.5 trillion in 1998, two-thirds of which were refinances which put an extra $ 15,000 in the pockets of consumers on average–and reduce risk for individual institutions while increasing risk for the system as a whole.
The rapidity and severity of changes in economic conditions can affect prospects for individual institutions more greatly than that of the overall economy. The Long Term Capital Management hedge fund is a prime example. New companies start and others fail every day. What is troubling with the hedge fund bailout was the governmental response and the increase in moral hazard.
This increased indication of the government’s eagerness to bail out highly-leveraged, risky and largely unregulated financial institutions bodes ill for the post S. 900 future as far as limiting taxpayer liability is concerned. LTCM isn’t even registered in the United States but the Cayman Islands!
…My main reasons for voting against this bill are the expansion of the taxpayer liability and the introduction of even more regulations. The entire multi-hundred page S. 900 that reregulates rather than deregulates the financial sector could be replaced with a simple one-page bill.
Should they be listening to Ron Paul – who is telling them to let the market handle this mess rather than extending the pain with bailouts?

Best answer:

Answer by Greg
It merely dissolved the “firewall” between investment banks and consumer banks. After the Great Depression, the FDR Administration in effect said to the investment banks, “If you want to gamble, fine, but you aren’t going to do it with peoples’ life savings”, so they prohibited consumer banks from investing in stocks and other such instruments.

What it did not do is deregulate OTC commodities (default swaps are a huge problem right now). That was done in the 1999 Commodities Modernization Act (again introduced by Phil Gramm), and what it did not do is place capital reserve requirements on investment banks (and the root of the problem was just how highly leveraged these firms were).

As for the setup for future bailouts, that’s baked in to the mergers that are underway. We saw from the Lehman bankruptcy (Lehman was leveraged at about 50-1) that the fallout was severe, so the Fed and the Treasury were forced to act to keep the investment banks from folding, but amid all of this there is further consolidation through mergers and acquisitions of both consumer and investment banks, so if they were too big to fail before, well the ones that are left are bigger.

Know better? Leave your own answer in the comments!