Tag Archives: advances

California Appeals Court: Notice of Default is Void if Description of Default Includes “if any”

Posted on January 8, 2012 by Dan Edstrom

California Appeals Court: Notice of Default is Void if Description of Default Includes “if any” By Daniel Edstrom DTC Systems, Inc. Thank you to HYDROGENE for this one. According to this decision, the “if any” in the following of a Notice of Default voids … Continue reading →

Posted in Information, News, Securitization | Tagged 1038, 152-153, 523-524.), 650, 827, 830), 894), advances, Anderson v. Heart Federal Sav. & Loan Assn. (1989) 208 Cal.App.3d 202, Anolik, assessments, ATTORNEY'S FEES, Baypoint Mortgage Corp. v. Crest Premium Real Estate etc. Trust (1985) 168 Cal.App.3d 818, Birkhofer v. Krumm (1938) 27 Cal.App.2d 513, California Appeals Court, Civil Code section 2924, Daniel Edstrom, Deed of Trust, draconian remedy, drastic action, DTC-Systems, EMC, enjoining, established rule, Hayward Lbr. & Invest. Co. v. Corbett (1934) 138 Cal.App. 644, Hydrogene, if any, LATE CHARGES, Middlebrook-Anderson Co. v. Southwest Sav. & Loan Assn. (1971) 18 Cal.App.3d 1023, Miller v. Cote (1982) 127 Cal.App.3d 888, Notice of Default, Notice of Default and Election to Sell, null and void, obligations, of no force and effect, power of sale, System Inv. Corp. v. Union Bank (1971) 21 Cal.App.3d 137, Validity of Notice of Default, void, [t]he statutory requirements must be strictly complied with | Comments Off

The OCC Misses the Point on Toxic Waste

Posted on December 28, 2011 by Dan Edstrom

The OCC Misses the Point on Toxic Waste By Daniel Edstrom DTC Systems, Inc. http://www.dtc-systems.net We all see what we want to see. But when others control the conversation, it is easy to miss the point. As a regulator the … Continue reading →

Posted in Information, News, Securitization | Tagged 3-602, Accounting, accurate accounting, advances, Affidavit, Ally, Audit, capital, Compliance, concealing, creditor, Daniel Edstrom, default, discharged, DTC-Systems, endorser, failing to disclose, Fannie Mae, Freddie Mac, GAAP, GAAS, Generally Accepted Accounting Principles, Generally Accepted Accounting Standards, Ginnie Mae, GMAC, guarantees, guaranty, interest, irregularities, judicial proceeding, livinglies.wordpress.com, loan obligation, loan-by-loan, maker, master servicer, misrepresenting, mortgagor, Naked Capitalism, Neil F. Garfield, non-judicial proceeding, non-performing asset, Obligations of Persons Under this Note, obligor, OCC, Office of the Comptroller of the Currency, perfect, performing asset, pool, pool accounting, pool assets, Pooling and Servicing Agreement, power of sale, principal, Promissory Note, regulator, REMIC, Reuters, SEC, SEC Regulation AB Item 1122 Servicing Criteria, Securities and Exchange Commission, Securitization, security instrument, separate accounting, servicer, surety, Toxic Assets, Toxic Waste, trustee, two accountings, two sets of books, unified accounting, Uniform Commercial Code, Uniform Single Attestation Program, USAP, USAP Minimum Servicing Standards, www.nakedcapitalism.com, Yves Smith | 1 Comment

L. Randall Wray does it again – Requiem For MERS

Posted on June 1, 2011 by Dan Edstrom

L. Randall Wray does it again – Requiem For MERS By Daniel Edstrom DTC Systems, Inc. L. Randall Wray, Professor of Economics and Research Director for the Center for Full Employment and Price Stability, University of Missouri-Kansas City posted an … Continue reading →

Posted in News, Securitization | Tagged advances, certificateholders, chain of title, credit default swaps, credit enhancements, Daniel Edstrom, default, DTC-Systems, evil mind, Financial Engineering, fraud, guilty mind, homeowner, Huffington Post, insurance, L Randall Wray, materially non-disclosed, Mens Rea, MERS, obligated, obligation, Requiem, scheme and artifice to defraud, scienter, securities transaction, shirking, standing, Trust, unsecured debt | Comments Off

Wells Fargo Does It Again – This Time Investors Take a Hit

Posted on April 16, 2011 by Dan Edstrom

Wells Fargo Does It Again – This Time Investors Take a Hit By Daniel Edstrom DTC Systems, Inc. Since Wells Fargo Bank has been around since the Gold Rush days and are such a large lender and securitizer, you would … Continue reading →

Posted in Information, News, Securitization | Tagged 2007-AR5, advances, assessment of compliance, bnakruptcy, certificateholders, corporate trust, custodial agreement, custody, Daniel Edstrom, data processing errors, default, Depositor, disclosure, distributions, DTC-Systems, errors in calculation, events of default, extraordinary expense charge, fiduciary services, Foreclosure, Gold Rush, intermediaries, investors, Item 1122 of Regulation AB, loan file custodian, loan-level, master servicer, master servicing, material, meltdown, mistaken interpretation of data, mortgage, mortgage loan files, mortgage-backed securitization industry, national banks, paying agent, Prospectus Supplements, REO, reporting delinquencies, securities administration, securities chain, securities lending, securities transfer, securitizer, servicer, servicing of loans, significate and unanticipated changes, Sponsor, Trust, trustee, U.S. bank holding company, warehouse master servicer, warehouse master servicing agreement, Wells Fargo, Wells Fargo & Company | 1 Comment

Tag Archives: advances

California Appeals Court: Notice of Default is Void if Description of Default Includes “if any”

The OCC Misses the Point on Toxic Waste

L. Randall Wray does it again – Requiem For MERS

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Tag Archives: advances

California Appeals Court: Notice of Default is Void if Description of Default Includes “if any”

The OCC Misses the Point on Toxic Waste

L. Randall Wray does it again – Requiem For MERS

Wells Fargo Does It Again – This Time Investors Take a Hit

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Living Lies