Certified Forensic Loan Auditors
Newsletter & Industry Update
April 21, 2014
Welcome From Our CEO, Andrew P. Lehman, JD
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Student Testimonials
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Breaking News
Robosigning Woes Alive and Well in the Bay State?
bankerandtradesman.com | April 18, 2014
A new case came down from the state’s appellate court yesterday (it can be found here, with a couple clicks, although that’s only a temporary resting place) that looks like it could have a couple interesting wrinkles for local foreclosure law. I’m in the middle of rounding up some legal experts to run over the full implications — some of the issue discussed are bit technical — but one thing jumps out that could put some fresh grey hairs on the heads of servicers and their attorneys: Robosigning reared its ugly head.
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U.S. Regulators Examining Departures at Mortgage Electronic Registrations Systems (MERS)
bloomberg.com | April 17, 2014
As the rest of the housing industry recovers, a little-known firm with a key role in U.S. mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees.
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Mixed Picture in Washington on Underwater Mortgages
menafn.com | April 17, 2014
The state of Washington is besting the national average when it comes to the percentage of mortgages that are underwater.
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With Harp Nearing Expiration, Secure One Capital is Assisting Homeowners Struggling with Harp Refinancing Approval
menafn.com | April 17, 2014
More than 3 million homeowners are still eligible for HARP, but with complex requirements and recent expansions to HARP 2.0, many homeowners are unaware they qualify.
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Moody's Sees Finance Reform Provisions Negatively Impacting Home Prices
nationalmortgageprofessional.com | April 17, 2014
Provisions in the comprehensive housing finance reform bill introduced by U.S. Sens. Tim Johnson and Mike Crapo will modestly dampen prices of multifamily properties and increase refinance risk, according to a new report by Moody’s Investors Service, Proposed Housing Finance Reform Will Be A Moderate Credit Negative for Multi-Family CMBS.
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Foreclosure Fraud: Maine Attorney Disciplined For Mishandling Discovery of Rampant Robo-Signing
ameritrustlawgroup.com | April 17, 2014
A grievance panel for the Maine Board of Overseers of the Bar have determined attorney Paul Peck of the Portland Law firm Drummond & Drummond shall have a written reprimand placed on his record for mishandling the 2010 robo-signing discovery which led to a national mortgage-foreclosure investigation.
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Lawyer Disciplined After 'Robo-signing' Scandal
m.lancasteronline.com | April 17, 2014
PORTLAND, Maine (AP) — A Maine panel has disciplined a lawyer accused of mishandling the response to the disclosure that home foreclosure documents were being signed without first being verified, a practice known as "robo-signing."
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Reprimand Sought in 'Robo-signing' Cases
mainebiz.biz | April 17, 2014
A grievance panel has recommended that one of the three lawyers linked to so-called "robo-signing" of mortgage foreclosures be disciplined.
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Mortgage Settlement Reached
mortgagefraudblog.com | April 15, 2014
With a career in Internal Audit at Freddie Mac, you’ll play an important part in supporting the nation’s housing market and the future of housing finance. Freddie Mac is dedicated to making homeownership and rental housing more accessible and affordable for America’s families. Join us, and discover the positive impact that you can make.
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Moody's: Johnson-Crapo Could Ramp up Issuance of Private-label RMBS
housingwire.com | April 14, 2014
The Johnson-Crapo housing reform measure is slated for markup April 29, and a report by Moody’s Investors Services says the GSE package could help kick-start issuance in the private-label residential mortgage-backed securities.
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REGISTER IMMEDIATELY—SEATING IS LIMITED
All DVDs ONLY $99.00 Each
CFLA is offering all regularily priced $195.00 DVDs for ONLY $99.00 each.
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
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 Sets are now on sale for $99.00.
DVDs
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Mortgage Securitization and Quiet Title I
Los Angeles, CA - Sept 10, 2011 ORDER DVD
ONLY $99
(plus $9.95 Shipping & Handling) |
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Mortgage Securitization and Quiet Title II
Las Vegas, NV - January 7, 2012 ORDER DVD
ONLY $99
(plus $9.95 Shipping & Handling) |
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Quiet Title Workshop
Atlanta, GA - February 11, 2012
ORDER DVD
ONLY $99
(plus $9.95 Shipping & Handling) |
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Bankruptcy Practice
Las Vegas, NV - March 31, 2012 ORDER DVD
ONLY $99
(plus $9.95 Shipping & Handling) |
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Mortgage Securitization Auditor Training Class
Las Vegas, NV - April 20-22, 2012
ORDER DVD
ONLY $99
(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 $99
(plus $9.95 Shipping & Handling) |
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SB-900 Homeowner Bill of Rights
Los Angeles, CA - January 19, 2013
ORDER DVD
ONLY $99
(plus $9.95 Shipping & Handling) |
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Contract Litigation and UCC
Dallas, TX - February 16, 2013
ORDER DVD
ONLY $99
(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 $99
(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 $99
(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 $99
(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 $99
(plus $9.95 Shipping & Handling) |
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6hr DVD- How to Cancel Secured and Unsecured Debt Obligations Through Strategic Litigation
NEW YORK, NY - February 7, 2014
with Jeffrey C Jackson, 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
(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