Problems | Securitization Audit Report

(PRWEB) March 09, 2010

Internet SecuritT Group of Charleston, West Virginia, a niche professional cyber security services company, is providing local WV businesses and consumers with defense-in-depth, layered Internet security risk management services; addressing security vulnerabilities in personnel, technology and operations.

When asked what makes the Internet SecuritT Group different from other technology companies, Chief Internet Security Officer (CISO) states, “The Internet SecuritT Group has a uniquely focused Internet security strategy, which brings comprehensive holistic cyber threat mitigation to common businesses and consumers which typically could not, or would not, hire a full time Internet Security Officer”. They further state “West Virginia’s industry offers very few if any professionally focused, Internet security service oriented companies”.

In order to protect your business and home computer network systems; Internet SecuritT Group provides a wide spectrum of Internet security services for several types of clients.

BUSINESS CLIENTS

Medical, Financial, Retail, Restaurants, Law and Legal, State and Federal Government, Manufacturing and Industrial

Firewall and Content Filtering
Compliance SOX, GLBA, PCI, HIPAA
Group Security Awareness Training
Data Loss Prevention (DLP)
Internal Process Audit
Penetration Testing
Network and End Point Security
Policies, Procedures and Incident Response
Windows Domain Administration
Operating System & Application Patching

CONSUMER SERVICES

Remote support and onsite patient in person professional assistance available in your home or over the Internet

DSL and Cable Modems
Wired and Wireless Router Security
One-on-One Security Awareness Training
Virus Removal and PC Restoration
Virus and Trojan Prevention
Parental Controls for Child Content
Firewall Configuration and Training
Internet Home Security Monitoring
Vulnerability Patching and Prevention
Online Banking and Identity Theft Protection

About Internet SecuritT Group.

The Internet SecuritT Group Internet security consultants combine over 24 years of computer systems experience, and over 10 years of world class professional consulting and employment. Corporations such as Lucent Technologies in the communications and telephony sector, T-Shirt International in the manufacturing and industrial areas, and Unizan Bank in the financial division; as well as current consulting services for the largest financial corporation in the West Virginia, Kentucky and the Ohio Tri-State area. The Internet SecuritT Group brings practical, comprehensive internet security skills to even the novice home computer consumer, in order to stop cyber crime in its tracks.

With highly skilled experienced professionals, and multiple information security industry recognized certifications, the Internet SecuritT Group is able to quickly and effectively diagnose Internet security related issues for a diverse client base. Among some of the credentials behind Internet SecuritT Group is the highly coveted Certified Information Systems Security Professional from ISC2 (CISSP), and the anti-hacking network penetration testing standard Certified Ethical Hacker (CEH) certifications; both of which are vendor neutral and encompass various systems and advanced security concepts.

Broad computer network and information security talent highlights this group of professionals. Other technology industry certifications such as Certified Internet Webmaster (CIW), Internet Plus (I-Net+), A-Plus (A+), Network Plus (Network+) and Project Management Plus (Project+) certifications from CompTIA are among their arsenal of knowledge. Microsoft Certified Professionals (MCP) as well as Microsoft Certified Systems Administrator (MCSA) credentials provide in depth verification of the passion and concentration that provides their layered security approach.

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(PRWEB) March 28, 2012

In an era where a very large portion of mortgage obligations have been securitized, foreclosure becomes an intriguing process for close examination by securitization reporters, legal counsel and related parties. In February of 2012, Lance Denha, principal attorney of the Law Offices of Lance Denha, noted that before the subprime boom, little mortgage securitization was utilized, leaving it instead to Fannie Mae and Freddy Mac. Today, the ongoing foreclosure epidemic in the U.S. continues to be a key factor in the global economic crisis and the securitization of millions of delinquent mortgages is at the forefront of the problem, says Mr. Denha.

Securitization is a complex series of financial transactions designed to maximize cash flow and reduce risk for debt originators. This is typically achieved when assets, receivables or financial instruments are acquired, classified into pools, and offered as collateral for third party investment. A typical Securitization process goes as follows: A borrower goes to a mortgage lender. The lender then finances the purchase of real estate. The borrower signs the note and mortgage or deed of trust. The original lender sells the note with hundreds or thousands of similar obligations to create a package of mortgage backed securities, which are then sold to investors as bonds. The mortgage payments are those received by an agent called a servicing company.

When a borrower defaults, the party seeking to enforce the obligation and foreclosure on the underlying collateral sometimes cannot find the note. It has been said by sophisticated attorneys in the industry that more than a third of the notes securitized have been lost or destroyed. In a decision by the Fifth District Court of Appeals on September 30, 2011 in the case of Gee v. U.S. National Association, as trustee, the court reversed a summary judgment which established that the traditional argument made by banks that the borrower defaulted so who cares if we have the right documents will no longer prevail in foreclosure actions.

This is especially the case when the judicial process is involved rather than the non judicial process reason being many defenses can be made by the defendant in a foreclosure defense case in court because at times it can be very difficult to determine the name of the holder of the note, the assignee of the mortgage, and the parties with both the legal right and standing under the Constitution to enforce notes, whether in state or federal court. Mr. Lance Denha states These cases can be highly defensible if not winnable. In Non Judicial Foreclosures whereby foreclosures are processed without court intervention, these types of foreclosures simply require certain types of notifications be sent to the homeowner and publication according to state statutory law. Homeowners should note that they have the ability and opportunity to convert these types of non judicial foreclosures into the judicial courts via filing wrongful foreclosure actions, temporary restraining orders, quiet title actions, etc. should they discover wrongdoing associated with their mortgage.

As reported by The Associated Press, foreclosure activity has surged across half of the United States. The pace is increasing after all 50 states reached a $ 25 billion settlement last month over foreclosure abuses. Many foreclosures had previously been stuck in limbo as the government investigation into foreclosure paperwork problems dragged on. The legal securitization and documentation of many of the nations five biggest mortgage lenders came into question, and is still a major point of scrutiny and legal defense.

It is highly advisable to seek legal expertise to determine the best course of action moving forward in order to gain an understanding of the particular direction best suited for the client. Lance Denha has professionally challenged foreclosures, negotiated any deficiency and sought out alternatives to foreclosure or other bankruptcy options. The Law Offices of Lance Denha has the prerequisite legal knowledge and expertise readily available to assist homeowners to stay in their homes. For further information or assistance, please call at 954-840-0770.

Tag Archives: Problems

Understanding the Current Securitization Process and it’s Problems for Creditors