Matthew Lexus here, I have been delayed in forwarding any new articles due to the fact that Dexter decided to play a disappearing act by going “over the wall”. That’s Con talk meaning that Dexter flew the coop. He pulled a Frank Morris (Think escape from Alcatraz) and snuck off the golf course and high tailed it through the Read the rest of this entry »
Greenwich Financial Services vs. Countrywide Financial Lawsuit if successful…
…May bring loan modifications to a screeching halt.
By Paul Keegan FATCATEXECUTIVE.COM
Please note that for some unexplained reason Matthew Lexus has not been allowed to forward any completed articles to us. I was provided instructions to put this summary together based on notes that were forwarded to me by my intermediary. (There are multiple layers of contact between myself and Matthew Lexus due to safety protocols of the Witness Protection Program) Read the rest of this entry »
Round 1: VICTORY for FAT CAT Investors Everywhere.
FAT CAT Investors lay a HAYMAKER on FAT CAT Bankers!
By Matthew Lexus FATCATEXECUTIVE.COM
Tuesday August 18th found Judge Richard Holwell rejecting Countrywide Financials (Owned by Bank of America) petition to have a lawsuit by Greenwich Financial Services’ heard in Federal court.
Countrywide’s objective was to seek the Safe Harbor protection offered by the Read the rest of this entry »
Homeowners are seeing RED (Real Estate Upside Down Syndrome™)
If you owe more than your house is worth should you simply walk away?
Last post we talked about FAT CAT Bank loan servicers, and FAT CAT Investors going to war with each other, with homeowners in the middle as collateral damage. The bank loan servicers don’t want to reduce their servicing fees, increase their expenses for loan modifications or have to take the chance of buying back the mountain of crappy loans they crammed down the throat of FAT CAT Investors Read the rest of this entry »
FAT CAT Bank Loan Servicers battle with FAT CAT Investors…
…While Innocent Homeowners end up as Collateral Damage.
By Matthew Lexus FATCATEXECUTIVE.COMPoliticians are complaining and moaning mistakenly thinking that embarrassing banks will make them step up the pace for loan modifications, obviously that isn’t working. How do you put a fire under the rear end of banks and get them picking up the pace of loan modifications? Read the rest of this entry »