Certified Forensic Loan Auditors
Newsletter & Industry Update
December 30, 2013
COMING 2014- CFLA EUROPE & CFLA CREDIT CARDS
REGISTER IMMEDIATELY—SEATING IS LIMITED
HOLIDAY SPECIAL- All DVDs ONLY $99.00 EACH
CFLA is offering all regularily priced $195.00 DVDs for ONLY $99.00 each until Midnight, January 1, 2014.
SEE DVDs AVAILABLE AND ORDER THROUGH OUR SALE PAGE
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
Today’s 30 and 15 Year Fixed Mortgage Interest Rates Rise Says Freddie Mac; Stimulus Tapering Affects Market
learningandfinance.com | December 27, 2013
Mortgage rates and Stimulus tapering news review December 24, 2013:
Analysts contend that mortgage rates trend-lines will skew higher due, in part, to the Feds decision to taper stimulus funding.
Read more
Industry Data Shows 1,256,000 Loans in Foreclosure
dsnews.com | December 27, 2013
The industry’s foreclosure inventory contracted again in November upon continued improvements on the housing and economic fronts. Although on a monthly basis, the inventory of homes in foreclosure fell slightly by 1.72 percent, year-over-year, it was down 28.81 percent, Lender Processing Services (LPS) reports.
Read more
Total U.S. Delinquency Rate Hits 6.45 Percent in November
nationalmortgageprofessional.com | December 27, 2013
Lender Processing Services Inc. (LPS) has reported the following “first look” at November 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. In November, total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 6.45 percent. The month-over-month change in delinquency rate was 2.63 percent, while the year-over-year change in delinquency rate stood at -9.41 percent.
Read more
BofA's Legal Costs Mount in Countrywide Mortgage Fiasco
latimes.com | December 27, 2013
NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis.
Read more
Home News Business Nation US Mortgage Applications Tumble to a 13-year Low
dailyamerican.com | December 27, 2013
The number of Americans applying for mortgages has fallen 63 percent since a May peak, reflecting a cooling housing market and higher borrowing rates.
Read more
Fannie Mae Job Opportunity
linkedin.com | December 27, 2013
Apply comprehensive knowledge of mortgage fraud schemes. Operate with considerable latitude to substantiate suspicion of fraud relating to single or multifamily originations, servicing or REO, and other frauds involving Fannie Mae financial instruments. Perform highly complex duties related to planning, conducting, and documenting inquiries into allegations of mortgage fraud. Reconcile fraud risk or recommend investigation. Utilize wide-ranging experience to conduct research and problem-solving on highly significant matters. Prepare and review complex reports.
Read more
AG Biden Secures $7 Million for Delaware Homeowners Affected by Foreclosure Crisis
loansafe.org | December 23, 2013
(Source: Attorney General Beau Biden) – Delaware Attorney General Beau Biden today announced that Ocwen Financial Corporation and its subsidiary, Ocwen Loan Servicing, will provide $7 million to Delaware borrowers in the latest effort by his office to hold accountable those responsible for the mortgage foreclosure crisis.
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LPS' November "First Look" Mortgage Report: Delinquencies Increase, Still Down 10% YTD; New Jersey Overtakes Florida in Non-Current Loans
capitalgazette.com | December 23, 2013
JACKSONVILLE, Fla., Dec. 23, 2013 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at November 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
Read more
LPS in Robo-Signing Deal Talks Said to Exceed $200 Million
bloomberg.com | December 22, 2013
Lender Processing Services Inc. (LPS) is in talks with regulators that could lead to a settlement of more than $200 million over improper and fraudulent foreclosure paperwork after the 2008 credit crisis, according to people briefed on the discussions.
Read more
Tennessee AG Settles 'Robo-signing' Case
dnj.com | December 20, 2013
NASHVILLE — Tennessee Attorney General Bob Cooper announced Thursday that Ocwen Financial Corporation of Atlanta and its subsidiary, Ocwen Loan Servicing, have agreed to a $2.1 billion joint state-federal settlement with Tennessee, 48 additional states and the District of Columbia, and the Consumer Financial Protection Bureau.
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PUBLIC NOTICE - HOWARD R. BRUNNER
cibolabeacon.com | December 20, 2013
The general object of said action is to quiet all right, title, and interest to certain real property.
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Deutsche Bank Settles Mortgage Securitization Case for $1.9B
foxbusiness.com | December 20, 2013
Deutsche Bank will pay $1.9 billion to settle a law suit with the U.S. Federal Housing Finance Agency over mortgage-backed securities, part of the bank's efforts to resolve a long list of legal issues.
Read more
3 Maine Lawyers to Face Hearing in Robo-signing
seacoastonline.com | December 18, 2013
PORTLAND, Maine (AP) — Three lawyers are facing possible disciplinary action before a state board for allegedly signing off on home foreclosures without first verifying documents, a practice referred to as "robo-signing."
Read more
FHFA Eyes $400K Limit for Mortgages
marketwatch.com | December 18, 2013
WASHINGTON (MarketWatch) -- With officials continuing to work on housing-finance reform, federal regulators asked Monday for public comments on a proposal that would cut the size of mortgages that can be purchased by Fannie Mae FNMA +5.88% and Freddie Mac FMCC +5.06% .
Read more
Products & Services Available
CFLA Sponsored Advertising
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
Download Sample Bloomberg Property Securitization Analysis
Download Sample Attorney Expert Witness Affidavit
Download Sample Complaint / Petition
Download Sample TRO
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) Temporary Restraining Order to Stop the Sale
(4) Lis Pendens to "Cloud Marketability of Title"
(5) 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).
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
Download Sample Complaint / Petition
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:
The number of classes (tranches) and group status (active or paid):
The loan level data will identify that the loan is inside the securitized trust:
The Security Description of Trust will identify the current ratings, current amount of the class, CUSIP number, and the Trustee and Lead Manager:
The Collateral Composition page will identify the Originator:
Identifies the Distribution payments for loans that are Delinquent, Foreclosure, Bankruptcy or REO:
Identifies the performance of the Trust and shows the percentage of problem loans:
Prospectus 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
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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
Las Vegas, NV - January 7, 2012 ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling) |
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Quiet Title Workshop
Atlanta, GA - February 11, 2012
ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling) |
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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
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
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
Los Angeles, CA - January 19, 2013
ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling) |
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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
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
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
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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Foreclosure Defense Post GLASKI & SB900
Los Angeles, CA - November 23, 2013
with Patricia Rodriguez, Esq
ORDER DVD
ONLY $195
(plus $9.95 Shipping & Handling) |
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Bloomberg Terminal Training with Billy F. Bowles
ORDER DVD
ONLY $99.95
(plus $9.95 Shipping & Handling) |
Study-at-Home Education Package
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)
- 6hr DVD- "Foreclosure Defense Post GLASKI & SB900" (CALIFORNIA BAR)
Taught by Patricia Rodriguez, Esq
(recorded on 11/23/13 in Los Angeles, CA)
- 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
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CFLA Book
by Andrew P. Lehman, J.D.
ORDER BOOK
$99.95
(plus $9.95 Shipping & Handling)
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