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CFLA, Inc

Certified Forensic Loan Auditors

Newsletter & Industry Update

November 18, 2013

Job Opportunities Available at CFLA

CFLA is currently seeking Forensic Loan Auditors, Mortgage Securitization Auditors (MSA), AMBASSADOR Mortgage Securitization Auditors (MSA), and National Account Managers.

Click here to Learn More & Apply

 

Breaking News

US Bank Admits, in Writing from their Corporate Office, that the Borrower is a Party to an MBS Transaction; that Securitization Trustees are not Involved in the Foreclosure Process; have no Advance Knowledge of when a Loan has Defaulted; that the “true Beneficial Owners” of a Securitized Mortgage are the Investors in the MBS; and that the Goal of a Servicer is to “maximize the Return to Investors”
foreclosuredefensenationwide.com | November 18, 2013
We have been provided with a copy of U.S. Bank Global Corporate Trust Services’ “Role of the Corporate Trustee” brochure which makes certain incredible admissions, several of which squarely disprove and nullify the holdings of various courts around the country which have taken the position that the borrower “is not a party to” the securitization and is thus not entitled to discovery or challenges to the mortgage loan transfer process.
Read more

 

SUBRAMANI v. WELLS FARGO BANK NA | USDC CA – First there was a Mountain, then there was None, then there IS. Glaski acknowledged and then IGNORED and THEN the Banksters get GORED
stopforeclosurefraud.com | November 18, 2013
Now before the Court is Defendant Wells Fargo Bank N.A.’s (“Defendant”) motion to dismiss Plaintiff Karthik Subramani’s (“Plaintiff”) first amended complaint. ECF Nos. 24 (“FAC”), 25 (“MTD”). The matter is fully briefed, ECF Nos. 27 (“Opp’n”), 28 (“Reply”), and appropriate for decision without oral argument, Civ. L.R. 7-1(b). As explained below, the Court GRANTS in part and DENIES in part Defendant’s motion to dismiss.
Read more

 

JPMorgan Chase Agrees to Pay $4.5 Billion on Mortgage Security Claims
reuters.com | November 18, 2013
(Reuters) - JPMorgan Chase & Co said on Friday it has agreed to pay $4.5 billion to settle claims by investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market.
Read more

 

New Jersey Homeowners Now Using Quiet Title Actions to Affirmatively Challenge a Party’s Standing to Foreclose
saul.com | November 18, 2013
On November 4, 2013, the New Jersey Appellate Division in Suser v. Wachovia Mortgage, FSB, et al. affirmed a homeowner’s right to file a prospective quiet title action to affirmatively challenge a bank’s standing to foreclose on a particular piece of property.
Read more

 

Nevada Foreclosure Rate No. 2 in Nation in October
businessweek.com | November 18, 2013
Nevada's foreclosure rate was second in the nation in October, the month after a major filing surge. RealtyTrac statistics released Thursday show one in every 407 homes in Nevada saw some sort of foreclosure filing in October. The firm counted nearly 1,700 initial notices of default.
Read more

 

Officials Launch Offensive to Debunk Foreclosure Data that Ranks Maryland Third-worst in U.S.
bizjournals.com | November 18, 2013
Online foreclosure tracker RealtyTrac has moved Maryland's foreclosure ranking from fourth in the nation to third after the state posted a 10 percent increase in foreclosure activity in October. But Maryland officials insist that only tells part — if any — of the real story.
Read more

 

Bank of America and Subsidiaries Found Guilty by Federal Jury of Mortgage Fraud
abcnews.go.com | November 18, 2013
A federal grand jury has found Bank of America and its subsidiary Countrywide guilty of mortgage fraud, which triggered the recession that started in 2008.
Read more

 

JPMorgan cancels Q&A on Twitter with investment banker Jimmy Lee
reuters.com | November 14, 2013
JPMorgan Chase & Co canceled a question and answer session on Twitter with veteran investment banker Jimmy Lee after being flooded with insulting questions less than 24 hours before the session was to begin.
Read more

 

Cosajay v. Mortgage Electronic Registration Systems, Inc. | RIDC – The Court finds that Ms. Cosajay has standing to bring her lawsuit against these Defendants
stopforeclosurefraud.com | November 14, 2013
This matter is before the Court on Plaintiff Eloisa Cosajay’s objection to a Report and Recommendation (R&R) issued by Magistrate Judge Martin on June 23, 2011, in which he recommended that her mortgage foreclosure case be dismissed for lack of standing because she was not a party to the assignment documents that her lawsuit challenged.
Read more

 

Your mortgage documents are fake!
salon.com | November 13, 2013
If you know about foreclosure fraud, the mass fabrication of mortgage documents in state courts by banks attempting to foreclose on homeowners, you may have one nagging question: Why did banks have to resort to this illegal scheme? Was it just cheaper to mock up the documents than to provide the real ones? Did banks figure they simply had enough power over regulators, politicians and the courts to get away with it? (They were probably right about that one.)
Read more

 

Suit Charges 3 Credit Rating Agencies With Fraud in Bear Stearns Case
dealbook.nytimes.com | November 11, 2013
The collapse of two Bear Stearns hedge funds in 2007 was among the earliest signs of the impending financial crisis. More than six years later, lawyers continue to fight over the cause of their demise.
Read more

 

US Seeking Maximum Penalty Of $864 Million From BofA Over Countrywide Loans
rttnews.com | November 11, 2013
The U.S. government is seeking the maximum penalty of $864 million, allowed under the law, from financial services major Bank of America (BAC: Quote) in connection with a Countrywide loan program dubbed "Hustle" that ran between August 2007 and April 2008.
Read more

 

Fannie and Freddie Have Not Repaid Taxpayers a Dime, Says Chairman Hensarling
loansafe.org | November 10, 2013
(Source: Committee on Financial Services) – Reports that failed government-run corporations Fannie Mae and Freddie Mac are close to “paying back” taxpayers for the largest bailout in American history are completely false, said Financial Services Committee Chairman Jeb Hensarling (R-TX).
Read more

 

Should underwater homeowner stiff lender despite ability to pay?
chicagotribune.com | November 10, 2013
Q: I enjoy your column and follow you on Facebook. In a recent article, you mention that the IRS Gift exclusion limit is $13,000 per person per year. Since Jan. 1, 2013, the exclusion is $14,000 per person per year. ..
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U.S. seeks $864 million from Bank of America after fraud verdict
baltimoresun.com | November 10, 2013
NEW YORK (Reuters) - The U.S. government urged that Bank of America Corp pay $863.6 million in damages after a federal jury found it liable for fraud over defective mortgages sold by its Countrywide unit.
Read more

 

Bank of America seeks to dismiss U.S. mortgage bond lawsuits
baltimoresun.com | November 10, 2013
WASHINGTON –  Bank of America asked a federal court on Friday to throw out two U.S. government lawsuits accusing the nation's second-largest bank of defrauding investors during the financial crisis.
Read more

 

Royal Bank of Scotland to Pay $153.7 Million to Settle Mortgage Case
dealbook.nytimes.com | November 8, 2013
The Royal Bank of Scotland agreed on Thursday to pay the Securities and Exchange Commission $153.7 million to settle charges that it misled investors into buying a risky mortgage-backed security offering, the latest move in a crackdown on mortgage practices that fueled the financial crisis.
Read more

 


CFLA, Inc

Upcoming Classes

 

Products & Services Available

 

CFLA Sponsored Advertising

Quiet Title Packages from Licensed Attorneys
Jackson & Elrod: Foreclosure Attorneys & Mortgage Experts

 

 

Rodriquez Law Group
Advertising Space: Mortgage Securitization, Quiet Title

 

 

Complete Quiet Title Package

CFLA is offering attorneys the Complete Quiet Title Package and Bloomberg Securitization Audit for purchase online. Please see details and pricing below.

 

CFLA Explains Complete Quiet Title Package

CFLA Explains Complete Quiet Title Package

PDF Download Sample Bloomberg Property Securitization Analysis

PDF Download Sample Attorney Expert Witness Affidavit

PDF Download Sample Complaint / Petition

PDF Download Sample TRO

PDF Download Sample Lis Pendens


CFLA's "Quiet Title Package" is cutting edge work product developed by the Nation's Most Well Respected Attorneys in the Foreclosure Defense industry.



The Quiet Title Package includes all of the Following:



(1) Securitization Audit Report
This product is designed to Highlight all parties in interest, in the Securitization Chain. This product will offer a full chain of title, with Instrument Numbers, Special Purpose Vehicle Search, PSA and Prospectus. The report will also illuminate any evidence of Robo Signing. This product is what Attorneys are using to stop an Illegal Foreclosure due to lack of Legal Standing, or for Purposes of "Quieting the Title to the Property."



(2) Civil Complaint to QUIET TITLE & for other Relief
The Complaint package includes a Civil Complaint that is Jurisdictional Specific, and can be tailored to work on a Federal Level. 12-16 Causes of action will be included based on the specific findings in each of the reports they are based on. The Temporary Restraining order is designed to give the attorney time to fight the bank in favor of the Homeowner and the Lis Pendens will cloud the title, making it very difficult for the bank to take possession of the home and re-sell it, so a solution can be reached in favor of the Homeowner.

 

(3) Summons to Serve on Defendants



(4) Temporary Restraining Order to Stop the Sale



(5) Lis Pendens to "Cloud Marketability of Title"

 

(6) Expert Witness Affidavit by Attorney (22 pages) Outlining in Specific Detail the Findings
This Expert Witness Affidavit has been handcrafted by the Nation’s Most Respected Foreclosure Defense Attorneys specifically for Litigation Purposes



*This Litigation support service is tailor made for the specifications of each Attorney, and is drafted by Competent and Qualified Attorney with Factual Specific Allegations tailored for each client, ready to be signed by the Attorney and filed.



CFLA has trained more than 1,000 Attorney and Real Estate professionals on Mortgage Securitization since 2007, and is widely recognized as the Industry Leaders.



CFLA is Attorney Owned and Operated since 2007, and has an A+ rating with the Better Business Bureau.

Must Call today to get special offer at 888-758-CFLA (2352).

 

Bloomberg Securitization Audit

Our Bloomberg securitization audit is one of the services we specialize in and receive many attorney requests for. This type of audit is among the first important steps in determining the securitization of a loan and by whom, and our staff are expert and very experienced in this research process. A Bloomberg securitization audit from CFLA can be a vital tool in an attorney’s or homeowner’s foreclosure defense and litigation brought against lenders. Call us today to talk about your needs.

 

Securitization Analysis

CFLA Explains Level III Bloomberg Report

CFLA Explains Level III Bloomberg Report

 

PDF Download Sample Complaint / Petition

PDF Download Sample Bloomberg Property Securitization Analysis


Our report will include the following:

  • Loan Recording at county, governmental housing reporting agencies and financial reporting services
  • Deed Recording and Transfers
  • Verification that Assignees on Promissory Note is True and Correct
  • Information Identifying “True” beneficial Interest as per Promissory Note
  • Disclosures and Sufficiency of Information as per UCC
  • Securitized Trust Verification
  • Pooling and Servicing Agreement governing the Trust that holds your Note
  • CUSIP – Identifying the Trust Account
  • Trust Prospectus filed with the Securities and Exchange Commission
  • Identification of the Servicers; Originators; Trustees and Underwriters
  • Details of Bond Performance – Transactional up-to-date information
  • Periodic Reporting of Loan Performance in Securitized Trust
  • Client Specific Information – (special requests)

 

CFLA is a subscriber of Bloomberg and uses the latest search for Non-Agency residential loans by characteristic. Either Loan Number or Original Amount that are provided to perform a search to verify that the loan is inside the Securitized Trust.

 

Our Bloomberg Report Will Include the Following Documents
(click pictures to enlarge)

 

Non-Agency Mortgage Loan Find (LFND)

The name of the Securitized Trust, the loan number, and group it belongs to:

Trustee Name Loan Number Group

 

The number of classes (tranches) and group status (active or paid):

Class Tranch CUSP Group Status

 

The loan level data will identify that the loan is inside the securitized trust:

Loan Level Data 1

 

The Security Description of Trust will identify the current ratings, current amount of the class, CUSIP number, and the Trustee and Lead Manager:

Security Description Ratings Trustee

 

The Collateral Composition page will identify the Originator:

Collateral Composition Originator

 

Identifies the Distribution payments for loans that are Delinquent, Foreclosure, Bankruptcy or REO:

Distribution Payments

 

Identifies the performance of the Trust and shows the percentage of problem loans:

Trust Performance Problem Loans

 

Prospectus filing for references:

Prospectis Filing for References

 

 

New Products

Many of the below referenced CFLA Produced and Copyrighted DVDs are now on sale for $195.00—a savings of $200.00 off the original DVD price. 

 

 

DVDs

Mortgage Securitization and Quiet Title I
Mortgage Securitization and Quiet Title I

Los Angeles, CA - Sept 10, 2011

ORDER DVD    
ONLY $195
(plus $9.95 Shipping & Handling)

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Mortgage Securitization and Quiet Title II
Mortgage Securitization and Quiet Title II

Las Vegas, NV - January 7, 2012

ORDER DVD    
ONLY $195
(plus $9.95 Shipping & Handling)

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Quiet Title Workshop

Quiet Title Workshop

Atlanta, GA - February 11, 2012

ORDER DVD    
ONLY $195
(plus $9.95 Shipping & Handling)

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Bankruptcy Practice
Bankruptcy Practice

Las Vegas, NV - March 31, 2012

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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Mortgage Securitization Auditor Training Class

Mortgage Securitization Auditor Training Class

Las Vegas, NV - April 20-22, 2012

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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Achieving Principle Reductions with Lenders by Creating Leverage

Achieving Principle Reductions with Lenders by Creating Leverage

New York, NY - June 30, 2012

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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SB-900 Homeowner Bill of Rights
SB-900 Homeowner Bill of Rights

Los Angeles, CA - January 19, 2013

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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Contract Litigation and UCC

Contract Litigation and UCC

Dallas, TX - February 16, 2013

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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Quiet Title Kings Tour

Quiet Title Kings Tour

New York, NY - March 30, 2013

with Anthony P. Vigna, Esq.,
Chad Elrod, Esq. and Jeff Jackson, Esq.

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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Foreclosure Defense Seminar

Foreclosure Defense Seminar

Miami, FL - May 4, 2013

with Chad Elrod, Esq. and Jeff Jackson, Esq.

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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Quiet Title Kings NY Part II

Quiet Title Kings NY Part II

New York, NY - September 7, 2013

with Chad Elrod, Esq., John P. Fretz, Esq. and Andrew Lehman, J.D.

ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling)

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Bloomberg Terminal Training with Billy F. Bowles

Bloomberg Terminal Training with Billy F. Bowles

ORDER DVD    
ONLY $99.95
(plus $9.95 Shipping & Handling)

 

Study-at-Home Education Package

CFLA, Inc

 

LIMITED TIME ONLY!

Entire Education Package

ONLY $695.00

plus $19.95 Shipping & Handling

 

“Study at Home “Education Package Includes More Than 60 Hours of State Bar Approved Study on Mortgage Securitization in each of the following jurisdictions: CA, NV, TX, FL, NY, GA .”

 

Learn Cutting Edge Foreclosure Defense Secrets and “How to Litigate Quiet Title Claims, in State & Federal Court, as well as how to utilize cutting edge “Mortgage Securitization in Advanced Litigation to Achieve Principle Reductions.”

 

The Complete Attorney Education Package will include State Bar Approved Instruction in all of the following States:

CALIFORNIA, NEVADA, TEXAS, FLORIDA, GEORGIA, and NEW YORK

 

The More than 50 hours of STATE BAR APPROVED video instruction included with this package.

 

Every package will include each of the following:

  • 6hr DVD- "Securitization in Litigation MCLE" (CALIFORNIA BAR)
    Taught by Timothy O’Reilly, Esq. and Patricia Rodriguez, Esq.
    (recorded on 09/10/11 in Los Angeles, CA)

 

  • 6hr DVD- "Mortgage Securitization MCLE" (NEVADA BAR)
    Taught by Patricia Rodriguez, Esq
    (recorded on 01/07/12 in Las Vegas, NV)

 

  • 7hr DVD- "Quiet Title MCLE" (GEORGIA BAR)
    Taught by Regis Sauger
    (recorded on 02/11/12 in Atlanta, GA)

 

  • 7hr DVD- "Foreclosure Defense Using Bankruptcy MCLE" (NEVADA BAR)
    Taught by Charles Christmas, Esq.
    (recorded on 03/31/12 in Las Vegas, NV)

 

  • 4hr DVD- "Mortgage Securitization Auditor Training Class" (CALIFORNIA BAR)
    Taught by Timothy O’Reilly, Esq on 04/22/12

 

  • 7hr DVD- “Achieving Principal Reductions While Creating Leverage With Banks” (NEW YORK BAR)
    Taught by Divina Westerfield, Esq
    (recorded on 06/30/12 in New York, NY)

 

  • 2hr DVD- "SB-900 Homeowner Bill of Rights" (CALIFORNIA BAR)
    Taught by Patricia Rodriguez, Esq
    (recorded on 01/19/13 in Los Angeles, CA)

 

  • 6hr DVD- "Contract Litigation and UCC" (TEXAS BAR)
    Taught by Chad Elrod, Esq and Jeffery Jackson, Esq
    (recorded on 02/16/13 in Dallas, TX)

 

  • 6hr DVD- "Quiet Title Kings Tour" (NEW YORK BAR)
    with Chad Elrod, Esq., John P. Fretz, Esq. and Andrew Lehman, J.D.
    (recorded on 09/07/13 in Brooklyn, NY)

 

  • 6hr DVD- "Foreclosure Defense Seminar " (FLORIDA BAR)
    Taught by Chad Elrod, Esq. and Jeff Jackson, Esq.
    (recorded on 05/04/13 in Miami, FL)

 

  • 6hr DVD- "Quiet Title Kings NY Part II" (NEW YORK BAR)
    Taught by Chad Elrod, Esq. and Jeff Jackson, Esq.
    (recorded on 05/04/13 in Miami, FL)

 

  • 2hr DVD- HOW TO USE THE BLOOMBERG TERMINAL for Securitization Audits
    Presented by Billy Bowles on 04/25/12

SPECIAL FULL PACKAGE PRICE OF $995.00

ONLY $695.00 FOR A LIMITED TIME!

OR ORDER EACH INDIVIDUALLY, A LA CARTE

 


Books

Solve My Mortgage Mess Now!
CFLA Book
by Andrew P. Lehman, J.D.

ORDER BOOK

$99.95
(p
lus $9.95 Shipping & Handling)

 

Certified Forensic Loan Auditors, LLC
www.certifiedforensicloanauditors.com
Certified Forensic Loan Auditors, LLC
13101 W Washington Blvd Suite 140
Los Angeles, CA 90066

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Phone: 310-432-6304
Toll Free: 888-758-CFLA (2352)
Facsimile: 310-432-6303