How can you avoid foreclosure with audits securitization

Nobody wants to lose the house that not only stores all the goods, but all the memories. In many cases, this home is the place where they saw their children grow up, so it has become more than a house – it’s a house. Nothing is more heartbreaking than being in the position of having led by banks, because you are unable to continue to pay your debts.

Once taken, it is unlikely that you will ever get, so in order to avoid something like this to happen, Securitization audits are the way to go. An audit of securitization defends your property and he discovers his securitization. Through securitization audit, you can know whether or not there were signatures of fraudulent documents or if there are irregularities in the loan.

Using a securitization audit, you have increased the chances of winning your case. The verification process shows the status of the trustee and the holders of certificates, more precisely, if they still have the rights to continue with the closure. Audits securitization has changed a lot in recent years, more and more accessible not only to professionals but also for the average homeowner. In the past, these types of loans were supported by correspondent lenders, but now all the information regarding the participants and parties involved in the loan is included in an audit report.

An audit report securitization offers a big help, whether you need to modify your loan reports or use in the courts.

However, the use of the courts, with the exception of the documentation, you also need an affidavit. The report includes a detailed analysis regarding the privilege profile, a report on the complete profile of the property, information on the assessment of the tax, the complete data of mortgage transactions and cases extends to just to name a few services provided by securitization audits.

While taking care of an audit of securitization is not rocket science, professional who offer advice is recommended. It is always useful to not be alone when it comes to verification of important documents, such as signatures and certificates. In addition, the report contains a summary indicating the losses the lender or bank will have to face if they want to continue the process of foreclosure.

Do not let the banks take away from you your most valuable asset. Remember that even banks can make you give up the fight, leaving you believe you have lost everything, when in fact, you can always put up a fight and possibly win your case by audits securitization!

If you want to know more about check securitization do not hesitate to visit Audits securitization .

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Econ: Securitization?

Question by Zoey Hockey: Econ: Securitization?
What role did securitization play in the recession.

Best answer:

Answer by Jim G
Secularization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said consolidated debt as bonds, pass-through securities, or Collateralized mortgage obligation (CMOs), to various investors. The principal and interest on the debt, underlying the security, is paid back to the various investors regularly. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS).
This is highly risky for all your available money to be tied up in times like this recession.

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what does securitization of mortgage debts mean?

Question by No88oN: what does securitization of mortgage debts mean?
please try to explain as much as possible

Thanks

Best answer:

Answer by the tax lady
It’s a fancy phrase for the bank that makes the loan bundling one loan with a 1000 others and selling them as a type of security. The problem was, the banks promised the securities were AAA rates when they should have had a grade of F-. One well known issue paid just 6 cents on the dollar after the market failed.

Search on npr and giant pool of money and listen to the award winning shows on this topic.

What do you think? Answer below!

Overview of Securitization?

Question by Louie: Overview of Securitization?
I’m starting a job in the finance department of a law firm in the fall, and I’ll be working primarily in securitization. I don’t know exactly what it is (which they say isn’t a problem), but I’d like to get a general overview before I start. Any recommended “primers” or hornbook-type sources to check out?

Best answer:

Answer by Eggolas M
A Primer on Securitization (Paperback)
by Leon T. Kendall (Editor), Michael J. Fishman

It’s fine coming out of law school not to know the basics of securitization. The law firm will begin your training soon enough.

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Latest Chain Of Securitization Audit News

Avnet, Inc. Reports Third Quarter Fiscal Year 2013 Results
While our book to bill ratio closed slightly above parity in all three regions, we continue to operate in a supply chain environment characterized by relatively short and stable lead times that encourages customers to take a conservative approach to …
Read more on MarketWatch (press release)

The main trends in Securitization?

Question by Johnnie Walker: The main trends in Securitization?
Which of the following is not one of the main trends in securitization?

a) increased demand for liquidity
b) increased demand for information-sensitive securities
c) increased demand for information-insensitive securities
d) management of prepayment risk
e) none of the above

Best answer:

Answer by Amazing Grace
e seems to be the best option

What do you think? Answer below!

Can someone explain the securitization process?

Question by Itsybitsy: Can someone explain the securitization process?
and the precautions the originator takes for issuing the securitized instrument?

Best answer:

Answer by ronwizfr
Imagine a real estate company needs money to invest in a new project. The three classic ways to raise new capital are a loan, a bond issue, or a stock issue. However, stock offerings dilute the ownership and control of the company, while loan or bond financing is often expensive due to the credit rating of the company.

Securization is another possibility.

Imagine the company has a lot of mortgages or leases outstanding. Those will provide a steady income stream over the next couple of years.
The company can not demand early repayment on the leases and so it can not get its money back today. What it does instead is sell the rights to the cash flows to someone else, in exchange for a lump sum today.

Several precautions have to be taken.

In case of bankruptcy of the issuer, the mortgages would have to be distributed among it’s creditors. To prevent this the pool of assets is transferred to a separate entity, the special purpose vehicle.
Secondly, the income stream might not be very sure itself, so to increase the creditworthiness the assets pool might contain also other loans with a higher credit rating. The cash flow might also be insured by another company, specializing in such “surety bonds.”

All in all, it’s fun stuff: take one brick of the pyramid away and ….

Give your answer to this question below!

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


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?

Can someone please help me in simple words with the helpof an example: What is asset securitization?

Question by MUNJAL S: Can someone please help me in simple words with the helpof an example: What is asset securitization?

Best answer:

Answer by jeff410
http://www.investopedia.com/terms/s/securitization.asp

Its the bundling of assets and then selling them to investors. They are backed by the income from the assets, such as mortgages. Its a way of turning them into cash quickly for the sellers.

What do you think? Answer below!

Explain securitization and how it relates to the global financial crisis?

Question by Adam G: Explain securitization and how it relates to the global financial crisis?

Best answer:

Answer by gorilla
When an organisation lends money it makes a legal charge on an asset ie the house for a mortgage. This is of value as the house could be sold and the bank receives interest payments relating to the debt. Over a period of time there could be thousands of such debts and the organisation may decide to sell a “parcel” of these to raise capital for other things or to improve the liquidity in its balance sheet. This is called securitization.

The global problems arose when some US companies lent money for houses to people without the ability to continue mortgage payments (it was called trailerpark lending) on the promise that the mortgage could be renewed at favourable interest rates (less than rent) and falsely inflated the values of the properties thus increasing the debt of the customer. They then securitized the lending but the value was much less than they claimed and when the property values fell, people defaulted as the debt was more than the value of their property and the banks who had purchased the parcels in good faith found that they were sat on useless paper( assets were much less than the expected value). This reduced the value of their balance sheets and also reduced their liquidity which led to distrust in the financial community as no-one knew which bank was sat on reduced value assets. The lending lines between banks were based on good faith but these were cancelled as no bank wanted to be pulled under due to the failure of another. This created a situation where credit disappeared from the system so the banks could not lend to their own customers.

It gets a bit more involved but I hope that answers your question.

Add your own answer in the comments!

Q&A: Can someone explain in layman’s terms, what securitization of mortgages is/means?

Question by ee: Can someone explain in layman’s terms, what securitization of mortgages is/means?
From what I’ve read banks supposedly ‘pooled’ their mortgages and loans and sold them to others at a profit. I don’t understand why others would pay them at a rate where they make a profit. I don’t understand why ‘pooling’ mortgages results in a value that results in a profit being made when it is sold. Why not just keep them, why sell them in the first pladce?
Any help would be really appreciated, if not answers then even links to other websites.

Best answer:

Answer by Ju
Sorry i know little about mortgages ,nothing to help you,very sorry.

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Q&A: What is securitization of sovereign debt in context of euro crisis ?

Question by sid: What is securitization of sovereign debt in context of euro crisis ?
Please explain in lehmann s language 🙂

Best answer:

Answer by Calliso
Means they don’t have enough money and are trying to blind side normal people with slang, then they call it a educated, learn diferent terms so no one else knows what the —-your talking about so massive cover up operations can be initiated in tronsdental alighnment with the human race!!!! ok did you get that.

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When and how did the Clinton administration allow for the securitization of subprime mortgages?

Question by ortisthetortoise: When and how did the Clinton administration allow for the securitization of subprime mortgages?
Please cite sources (specific legislation, executive order, etc. – not just “CRA changes in 1995”)
I can’t seem to find these “CRA changes of 1995” in any law or order. Trying to figure out if they are fact or folklore
….changes specific to subprime securitization that is…

Best answer:

Answer by rhsaunders
It didn’t; securitization has been legal from the beginning. Which did not mean that it was smart, or that there were mechanisms in place to appropriately value such securities.

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Q&A: Was the securitization of subprime loans the greatest scam in history?

Question by Kuntree: Was the securitization of subprime loans the greatest scam in history?
If not what was the greatest scam?

Best answer:

Answer by wg0z
maybe. the private loans thing was many people, and the final figures
are not yet tallied.
Bernie Madoff gets my vote for now.

Add your own answer in the comments!

Securitization: Why do banks make losses then?

Question by kehoejck: Securitization: Why do banks make losses then?
“As unemployment rose during the Depression, many homeowners could not make their balloon payments, causing a wave of sales and foreclosures. The federal government stepped in, creating the Federal Housing Administration (Fannie Mae) to insure long-term mortgages, and the Home Owners Loan Corporation to sell government-guaranteed bonds to purchase non-performing mortgages. This was the beginning of the securitization that is a central feature of today’s mortgage market; lending risk is passed on to investors in mortgage-backed bonds rather than being held in the institution that originates the loans.”

So how much exactly as a rough % do banks sell as Mortgage Backed Securities and if the risk is being passed on to investors why exactly are the banks racking up such huge losses? Any help is greatly appreciated.

Best answer:

Answer by Thinker
It varies. You’d have to look at the financial statements from a given bank to determine how much they sell and how much they keep.

For example, Washington Mutual, which is in BIG trouble financially, had a habit of making loans that other lenders would be afraid to make. As a result, they were able to charge a somewhat higher rate of interest than if they were making better quality loans. But when the loans went bad, they got hurt.

Best of success.

What do you think? Answer below!

Is securitization student loans make it easier or harder for students to get a loan?

issue by : Is securitization student loans make it easier or harder for students to get a loan
Is it easier or harder for students to get a loan? How so? Achelios Well, thank you for your answer, but this is true for all loans everywhere. I’m talking about specific securitization. I think I understand the answer anyway. Securitization by private companies that allows them to pay student loans, providing more opportunities for students looking to borrow a loan. I’ll leave the question if someone has a better answer. I was not sure if the pooling loans and selling shares to investors affect interest or not Best response rates:.

response Achelios
once you start paying for the loan, then you make history paiementSi you pay on time and as agreed … then it will help you build créditToutefois, if the amount of student loan (s) is not severely limited, then it can still affect your ability to lend because of debt-revenuune once you get the balance ratio will be paid to a small amount, and if always paid on time and at least the full monthly payment under … then it can be

useful
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What is the private-label securitization market ?

Question by nomethinks: What is the private-label securitization market ?
I have the idea that it is where private investors hold bonds backed by subprime mortgages (in the past, now); I want to know, what is the expanse of the private label sec market? That is to say, what other assets and such can be included in this beyond subprime loans (if any)?

Thanks in advance- I really appreciate all the people who devote time to educate others on Yahoo! Answers.

Best answer:

Answer by jwishz
Secretary Henry M. Paulson, Jr.
Statement on Covered Bond Best Practices

Washington – Good afternoon. Thank you all for coming today. Joining me on stage are FDIC Chairman Sheila Bair, Federal Reserve Governor Kevin Warsh, OCC Comptroller John Dugan and OTS Director John Reich. We also welcome representatives from Bank of America, Citigroup, JP Morgan Chase, and Wells Fargo. I will make a few remarks, my colleagues will also address you and then Jeff Brown with Bank of America will speak.

As we are all aware, the availability of affordable mortgage financing is essential to turning the corner on the current housing correction. And so we have been looking broadly for ways to increase the availability and lower the cost of mortgage financing to accelerate the return of normal home buying and refinancing activity.

The housing government-sponsored enterprises, Fannie Mae, Freddie Mac and the Federal Home Loan Banks, and the Federal Housing Administration are funding more than 70 percent of residential mortgages during these months of market stress. They must continue to be active here.

At the same time, private-label securitization, another important source of mortgage finance, has become severely strained and credit conditions have tightened. In addition to securitization done by housing GSEs, private mortgage-backed securitization benefits the American consumer and our markets. The private-label market will evolve in response to current challenges, and I expect it to return with greater risk-awareness and investor discipline. We also believe it is useful to explore additional mortgage financing options to complement more traditional funding models.

One option we have looked at extensively is covered bonds, which are a $ 3 trillion market used widely in Europe for mortgage funding. I believe covered bonds have the potential to increase mortgage financing, improve underwriting standards, and strengthen U.S. financial institutions by providing a new funding source that will diversify their overall portfolio.

Treasury has been working with our regulatory counterparts to look at ways to support the emergence of the covered bond market in the United States. We consulted with our European counterparts, including the UK Treasury. We also spoke with potential U.S. market participants, including issuers, investors, underwriters and ratings agencies. While many European countries have dedicated covered bond legislation, the U.S. regulatory environment is different. Covered bonds are a promising financing vehicle and we believe this market can grow in the United States absent federal legislative action.

To help achieve our goal of broader choices in mortgage finance, today Treasury is publishing a Best Practices guide for U.S. residential covered bonds. This document is intended to outline practices that will promote covered bond market simplicity and homogeneity, using high quality mortgages as collateral. It is a starting point and complements the FDIC final policy statement of July 15th.

I appreciate the FDIC’s strong leadership in advocating covered bonds and providing clarity to potential investors. Together, the FDIC final policy statement and a Treasury Best Practices guide should give market participants the tools to build a market that will benefit U.S. families and the U.S. economy. A U.S. covered bond market also will present new opportunities for further international investment in the United States.

We knew that this initiative would be successful only if the largest banks paved the way. And so I welcome the announcement by America’s four largest banks, Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, that they intend to establish covered bond programs and kick-start this market in the United States. And, I am also pleased to know that the two existing domestic issuers of covered bonds intend to align their programs with these new practices.

We applaud these banks for their leadership and for recognizing an opportunity to help increase mortgage funding availability and strengthen our financial system. We are at the early stages of what should be a promising path, where the nascent U.S. covered bond market can grow and provide a new source of mortgage financing.

Covered bonds are simply one tool for mortgage financing and will not, alone, complete the housing correction. We will continue to pursue our efforts to avoid preventable foreclosures and to speed, without impeding, the necessary course of this housing correction. Thank you and now

B a c k g r o u n d
The earliest securitized transactions date back to the early
1970s and were the sales of pooled mortgage loans by the
Government National Mortgage Association ( Ginnie Mae).
These transactions were followed by the Federal Home Loan
Mortgage Corporation (Freddie Mac) and Federal National
Mortgage Association (Fannie Mae) in the early 1980s. These
new securities were backed by full faith and credit of the
respective agencies which were either government agencies
(Ginnie Mae) or quasi-government agencies (Fannie Mae and
Freddie Mac). Because of such backing and guaranties, these
securities (also known as single-class mortgage pass-throughs)
carried an implied “AAA” credit rating. However, the capital
markets were looking for more technological innovations to
satisfy their investors. They were looking for diverse “maturity
” mortgage product which gave rise to the concept of
collateralized mortgage obligations (multiclass mortgage pass
throughs, CMOs or MBS) soon to be followed by asset-backed
securities (ABS). Some of these securities have managed to
become among the most exotic securities on the street.
Today, the total outstanding issuance of CMOs, MBS and ABS
has reached a staggering level of over two trillion dollars. The
non-agency or private label multiclass mortgage-backed passthrough
market originated in response to an increased
demand for low credit risk mortgage-backed securities with
diverse cashflow and maturity characteristics. The difference
between agency and private label transactions is as follows: in
the case of agency transactions, the underlying single-class
mortgage pass-through pools are government or quasigovernment
obligations and, therefore, the credit risk of such
pools is retained by these agencies and is negligible to the
investors, and in the case of private label transactions, the risk
of the underlying mortgage loans is fully transferred to the
“willing” investors as described below.
Ginnie Mae
The primary purpose of establishing Ginnie Mae was to
fund the government-sponsored residential mortgages
originated by various lenders by creating an active
secondary mortgage market. Unlike Fannie Mae and
Freddie Mac, Ginnie Mae does not purchase mortgages
from lenders.
The credit risk is relatively higher in the private label market
because the losses on the mortgage loans must be absorbed
directly by the investors. Unlike agency transactions, there is
no guarantee of timely or eventual payment of either principal
or interest to such investors. For investors, analysis of relative
priority of cashflows as well as the credit risk of the underlying
mortgage loans take a significant role in the private label
market.
The success of securitization in the mortgage market and the
acceptance of new securities by the investors has lent application
of this concept to other assets such as credit cards, auto
loans, leases and many others. The primary focus here is to
deal with the concept of securitization in the context of some of
the other commonly securitized assets. We will assess the
needs of financial institutions and industrial firms to apply this
technology to create a source of funding for themselves.
Fixed income or derivative?
MBS/ABS are considered “fixed-income” securities as well as
“derivative” securities. “Fixed-income” pertains to the fact that
MBS/ABS generate a coupon income (not necessarily a fixed
dollar amount) periodically whereas “derivative” refers to
MBS/ABS being “carved or derived” out of an underlying pool
of assets. Unlike other fixed income securities such as corporate
bonds, MBS/ABS are fairly complex instruments to
analyze. As mentioned above, MBS/ABS are structured to
satisfy the “risk,” “return” and “maturity” characteristics of
different investors. Imagine an upward-sloping yield curve
vertically cut out into small slices where each slice represents a
“tranche” or a “class” in an MBS/ABS. Each “tranche” has a
different priority of payment of interest and principal. This
priority of payment is what makes MBS/ABS somewhat difficult
to analyze.
All “agency” securitizations are implicitly “AAA” rated and
therefore carry negligible credit risk, whereas, the privatelabel
market has produced multiclass mortgage pass-throughs
with ratings ranging from “AAA” to below investment grade.
Basic Analysis
In view of the fact that securitization technology has grown
tremendously not only domestically but also globally calls
for a better understanding of this technology. The basic
rule of thumb to understanding this innovative process is to
stick to the “basics!” “Information overload” can prevent
people from learning and understanding the benefits and
attributes of such technology. We will study some of the
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attributes from both an issuer’s and investor’s perspective. We
will approach this process in two parts. First, we will determine
why securitization may be beneficial to some issuers; and
second, why investors may want to buy these securities.
• Why securitize? Issuer’s perspective.
• Why buy? Investor’s perspective.
Why Securitize? Issuer’s perspective.
Securitization offers several benefits to an issuer. Instead of
simply listing out the benefits, let’s take a methodical
approach to finding out

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