Ambac Rocky Balboa oder chapter 11
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http://foreclosureblues.wordpress.com/2010/10/27/...formation-on-mbs/
Under the agreement that Ambac and Countrywide reached as part of the original insurance contract, Ambac said, it has the right to demand that Countrywide fix the problem. Instead, the mortgage lender “implemented a delay-and-defer strategy … requiring Ambac to engage in protracted deliberations” that have so far resulted in Countrywide repurchasing few loans.
Mortgage Schlacht gewinnt Dampf als Investoren angeworben!
http://finance.yahoo.com/news/...team-rb-1086471798.html?x=0&.v=1
Neue Bedrohung für die Banken: Mortgage Security "Put Backs"?
Treasury Offizielle abgewiesen Sorge, dass der Anleger könnte den Anforderungen Banking System, Panel Member Says Erklärung könnte sich "peinlich"
http://abcnews.go.com/Business/...security-buy-back/story?id=11981557
Veröffentlicht: Donnerstag 28 Oktober 2010 | 04.52 Uhr ET
http://www.cnbc.com/id/39885432
Inside Wall Street: Navidi - Neue Immobilienkrise beeinflusst auch deutschen Markt
http://www.daf.fm/video/inside-wall-street-navidi---neue-imm…
Trotzdem viel Glück uns investierten
Nice that they are writing new business!
$1.2B to $2B !
And their loss was mainly due to deferred taxes.
With the NOL we should be good..and I anticipate a gain in business as well for ABK.
Ricky Rought paid cash to the Deutsche Bank National Trust Company for a four-room cabin in Michigan with the intention of fixing it up for his daughter. Instead, the bank tried to foreclose on the property and the locks were changed, court records show.
Sonya Robison is facing a foreclosure suit in Colorado after the company handling her mortgage encouraged her to skip a payment, she says, to square up for mistakenly changing the locks on her home, too.
Thomas and Charlotte Sexton, of Kentucky, were successfully foreclosed upon by a mortgage trust that, according to court records, does not exist.
As lenders have reviewed tens of thousands of mortgages for errors in recent weeks, more and more homeowners are stepping forward to say that they were victims of bank mistakes — and in many cases, demanding legal recourse.
Some homeowners say the banks tried to foreclose on a house that did not even have a mortgage. Others say they believed they were negotiating with the bank in good faith. Still others say that even though they are delinquent on their mortgage payments, they deserve the right to due process before being evicted.
Some consumer lawyers say they are now swamped with homeowners saying they have been wronged by slipshod bank practices and want to fight to keep their homes. Joseph deMello, a Massachusetts lawyer who represents Mr. Rought, said the common denominator in many of the cases was an overwhelmed system of foreclosures in which banks relied on subcontractors to do much of the work.
“No one double-checks anything,” he said. “It’s completely high volume and that’s unfortunately what leads to this.”
It may never be known how many homeowners have legitimate claims against the banks, real estate and banking experts say, because lenders do not release such data and because the vast majority of cases never make it to court.
For the last month or so, some of the nation’s largest banks have temporarily halted foreclosures in some states amid accusations that the paperwork used as evidence to oust homeowners was incomplete or signed off by so-called robo-signers who did little to check its veracity.
Even if the paperwork was faulty, the fact remains that most homeowners in foreclosure have not paid their bills, often because they bought more house than they could afford or because they lost their jobs. As a result, they will most likely lose their homes eventually, once the banks clean up their paperwork and resolve any outstanding legal issues.
“We believe that the overwhelming majority of the cases will be that the loan was seriously delinquent and needed to go to foreclosure,” said Paul Leonard, vice president for government affairs of the housing policy council at the Financial Services Roundtable, an advocacy group for the nation’s largest financial institutions.v
Consumer lawyers and housing experts acknowledge that it is relatively rare that a bank initiates foreclosure on a homeowner who is current on the mortgage or has no mortgage at all. More common, they say, are instances where homeowners have applied for mortgage modifications but get foreclosed upon anyway.
In a report to Congress released this week, a federal inspector general described the government-sponsored modification program, known as the Home Affordability Modification Program, as deeply flawed.
While about 467,000 mortgages had received permanent modifications under the program, an estimated 3.5 million homes will receive foreclosure notices this year, an increase of 26 percent over 2009, the report says.
“You have this promise of relief for borrowers but actually getting that relief is like a zigzag line from point A to point B,” said Jose Vasquez, a lawyer for Colorado Legal Services.
Ms. Robison’s case is a variation on the theme. When she returned home to Yoder, Colo., outside Colorado Springs, from a holiday trip in December 2008, she found the locks changed and her electricity, gas and water heater shut off. A sign on the door advised her to contact Safeguard Properties, a company hired by the mortgage servicer, Litton Loan Servicing......................................etc.
http://www.cnbc.com/id/39889692/
Optionen
| Boardmail an "storm 300018" |
Wertpapier: Ambac Financial Group |
No one here can predict one outcome until Ambac releases
a informitive press release discussing every posibility. The posters here that have substantial amounts invested have put forth postive news that "may" benifit sgareholders. All other posters are smply here to discourage us who have positions. It's sad they feel the need to attack anyone who find the bank's behavior senerio a bad thing and spinning as a good investing on their part.
This company is trying to survive what's now labeled as the biggest fraud case in history and should be rewarded with canceling claims that banks are not entitled to. It was good to see the whinning banks lined up in court begging to recieve payments for insured claims they can't even provide proper paperwork for "DENIED"!!!
To even attempt that was absolutly greed ridden!! I hope AMBAC gets back every dollar for dollar credit of every policy written where REPS & WARRANTIES were breached and you scumbag posters rooting for a company collapse loose every dollar you invested short!!!
http://messages.finance.yahoo.com/...p;mid=529083&tof=2&frt=2
If Ambac falls because they were not allowed "due process"
it would start one of the largest government investigations, especially not doing any wrong. Banks are well capitalized and will be the one paying of the faulty packaged securities thus relieving Ambac of all policy liabilities. If banks just agreed to put-backs at some level to wipe out the uncertainty, bite the bullet for a short period it would show their acting in good faith. But refusing auditors and forensic experts access only proves one thing... their hiding evidence. When courts demand all original documents from banks and they seize the bank if they refuse, it will be over anyway! They will settle when push comes to sgove and Ambac returns to bus!!
http://messages.finance.yahoo.com/...p;mid=529093&tof=1&frt=2
Ambac 3Q 2010 Earnings Release in two weeks
Shorts are with their days numbered.
http://messages.finance.yahoo.com/...p;mid=529071&tof=3&frt=2
Optionen
| Boardmail an "storm 300018" |
Wertpapier: Ambac Financial Group |
Optionen
| Boardmail an "berlinlebt" |
Wertpapier: Ambac Financial Group |
With the nation's foreclosure crisis looking messier than ever with threats of lawsuits and government investigations in mortgage lenders, there's at least one bright spot in the picture.
Most of the ten metropolitan areas with the highest foreclosure rates in the nation showed improvement in the third quarter, according to new data from foreclosure listing website RealtyTrac.
The rates are down from "very high levels," says Realtytrac Vice President Rick Sharga.
In fact, all of the metro areas, which happen in be in just four states—Arizona, California, Florida and Nevada—still have much higher rates than the national average of one in every 139 households.
Click on to see which metro areas ranked in the top spot.
http://www.cnbc.com/id/33499245?slide=11
1. Las Vegas-Paradise, Nev.
Rate: One in every 25 households
Change from Q2 2010: +1.52 percent
Change from Q3 2009: -20.10 percent
Optionen
| Boardmail an "storm 300018" |
Wertpapier: Ambac Financial Group |
Optionen
| Boardmail an "berlinlebt" |
Wertpapier: Ambac Financial Group |
http://www.cnbc.com/id/39885432
Job Relocations Plunge Due to Housing Slump: Studyhttp://www.cnbc.com/id/39892126
Hypotheken Schlacht nimmt an Dampf zu ...
http://www.reuters.com/article/idUSTRE69R03P20101028
http://www.reuters.com/article/idUSTRE69Q5CV20101027
Richter formt Zwangsvollstreckungs Wiederstand !!
Optionen
| Boardmail an "storm 300018" |
Wertpapier: Ambac Financial Group |