← Older posts

Belial Bank’s 2012 Holiday Planning Meeting

Posted on by Phil Querin

Following a rough and tumble year in the banking industry, Belial Bank’s feckless fearless leader, B.L. Zebub, believes it is high time to bring some levity and loyalty to the lowly troops who have been tirelessly foreclosing all the Beleaguered Borrowers they may have missed the first and second time around.  Mostly, however, B.L. is […]

Continue reading “Belial Bank’s 2012 Holiday Planning Meeting” »

Posted in B. L. Zebub, Belial Bank, Deficiency Liability, Financial Crisis, Foreclosure, Foreclosure Mills, Legislation - Federal, Lenders, Market Conditions, MERS, Real Estate/Distressed, Realtors, REOs, Servicers, Subprime Crisis, Tax Issues | Tagged , , , , , , , , , , , , , , , ,

Belial Bank Discusses Principal Write-Downs

Posted on by Phil Querin

Following the National Mortgage Settlement, B.L. Zebub, Belial Bank’s once fearless leader, is waffling on whether to jump into the fray, and start writing down the mortgage balances for his Beleaguered Borrowers.  Not that the milk of human kindness flows through his icy veins – he’s just trying to figure out an “angle” so he […]

Continue reading “Belial Bank Discusses Principal Write-Downs” »

Posted in B. L. Zebub, Belial Bank, Deficiency Liability, Foreclosure, GSEs, Legislation - Federal, Loan Modifications, Miscellany, Real Estate/Distressed | Tagged , , , , , , , ,

Belial Bank’s Derivatives Trading Desk

Posted on by Phil Querin

Following the Morgan Stanley Mess, B.L. Zebub, Belial Bank’s now skittish leader, begins to wonder if his own empire is “Too Big to Manage.”  In an effort to reestablish the appearance of control, and avoid having a “Dimon in the Rough” moment, he has hastily convened an emergency meeting.  In addition to the usual suspects, […]

Continue reading “Belial Bank’s Derivatives Trading Desk” »

Posted in B. L. Zebub, Belial Bank, Financial Crisis, Foreclosure, Legislation - Federal, Market Conditions, Miscellany, Real Estate/Distressed | Tagged , , , , , ,

Belial Bank Hires Gonzo Public Relations Firm!

Posted on by Phil Querin

After taking one on the chin, compliments of Federal Judge Michael Simon in James II, the bank we love to hate has decided it needs to polish its tarnished image.  B.L. Zebub, Belial Bank’s CEO and President for Life, has it in his head that a quick little reputational makeover will work wonders as he […]

Continue reading “Belial Bank Hires Gonzo Public Relations Firm!” »

Posted in B. L. Zebub, Belial Bank, Financial Crisis, Foreclosure, Market Conditions, Miscellany, Mortgage Insurance, Real Estate/Distressed | Tagged , , , , , , , , ,

Belial Bank Bemoans The James Decision (Part II) and Oregon’s SB 1552 (2012)

Posted on by Phil Querin

In a hastily convened telephone conference, B.L. Zebub, Belial Bank’s devilish, but distraught, leader, queries the attendees on the remarkable [some might say “miraculous”] turning of the tide [which some might liken to the parting of the Red Sea] for Bantam Borrowers over the past couple of weeks in Oregon.  Since such analogies smack of […]

Continue reading “Belial Bank Bemoans The James Decision (Part II) and Oregon’s SB 1552 (2012)” »

Posted in B. L. Zebub, Belial Bank, Financial Crisis, Foreclosure, Legislation - Oregon, Lenders, Market Conditions, Miscellany, Real Estate/Distressed, Servicers | Tagged , , , , , , , , ,

Secret Congressional Testimony – Was P.T Barnum Right?

Posted on by Phil Querin

This secret congressional testimony was surrepetitiously  transcribed and delivered anonymously to me by a high-level government employee who had recently been foreclosed by Cerberus Servicing Systems, a little known, but highly aggressive foreclosure company.  Cerbrus’ namesake is the mythical three-headed dog, guarding the gates of Hell, preventing those who enter from ever leaving.  Cerberus Servicing goes […]

Continue reading “Secret Congressional Testimony – Was P.T Barnum Right?” »

Posted in B. L. Zebub, Belial Bank, Financial Crisis, Lenders, Market Conditions, Miscellany, Real Estate/Distressed | Tagged , , , ,

Belial Bank Conference Call Discussing The Goodrich Decision & MERS

Posted on by Phil Querin

As we move into the New Year, our friends in the banking, servicing, and title industries have hastily convened a conference call to deal with the latest MERS setback in court.  It seems that when Fannie Mae sought permission to evict some folks from the home it had recently foreclosed, the local Jackson County Circuit […]

Continue reading “Belial Bank Conference Call Discussing The Goodrich Decision & MERS” »

Posted in Belial Bank, Deed in Lieu of Foreclosure, Fannie&Freddie, Financial Crisis, Foreclosure, GSEs, Legislation - Oregon, Lenders, Market Conditions, MERS, Miscellany, Real Estate/Distressed, Servicers, Short Sales | Tagged , , , , , , , , , , ,

Belial Bank’s Conference Call Re: New Year’s Resolutions

Posted on by Phil Querin

As we approach 2012, our friends in the banking, servicing, and title industries are on their last conference call of the year; this time discussing how to put a better face on the banking industry.  Belial Bank’s President and CEO, B.L. Zebub, moderates. He has convened his trusted cronies to consider various schemes to cast […]

Continue reading “Belial Bank’s Conference Call Re: New Year’s Resolutions” »

Posted in B. L. Zebub, Belial Bank, Financial Crisis, Foreclosure, GSEs, Lenders, Loan Modifications, Market Conditions, Miscellany, Real Estate/Distressed, Refinancing, Servicers | Tagged , , , , , ,

Judicial or Non-Judicial? Belial Bank Debates How to Foreclose Oregon Homeowners – Part Two

Posted on by Phil Querin

When we last left this telephone conference in Part One, Damien Faust, chief legal counsel for Belial Bank, was regaling everyone with his brilliance in creating the following legal provision that the Big Banks had quietly inserted into every lender’s trust deed forms: “Borrower understands and agrees that MERS holds only legal title to the […]

Continue reading “Judicial or Non-Judicial? Belial Bank Debates How to Foreclose Oregon Homeowners – Part Two” »

Posted in B. L. Zebub, Belial Bank, Financial Crisis, Foreclosure, Foreclosure Mills, Legislation - Oregon, Lenders, Market Conditions, Miscellany, Real Estate/Distressed, Servicers, Trust Deeds | Tagged , , , , , , , , , ,

Judicial or Non-Judicial? Belial Bank Debates How To Foreclose Oregon Homeowners – Part One

Posted on by Phil Querin

Once again, the best and brightest minds in the banking, servicing, and title industries are on yet another conference call discussing the latest events in the ever-changing legal landscape of Oregon foreclosures.  Although Belial Bank’s President and CEO, B.L.Zebub, believes that the sun, moon, and stars are lining up in their favor, he still has […]

Continue reading “Judicial or Non-Judicial? Belial Bank Debates How To Foreclose Oregon Homeowners – Part One” »

Posted in B. L. Zebub, Belial Bank, Financial Crisis, Foreclosure, Legislation - Oregon, Market Conditions, MERS, Miscellany, Real Estate/Distressed, Servicers | Tagged , , , , , , , ,
← Older posts
  • Categories

  • Archives