PATT MORRISON SCHEDULE
Tuesday, December 14, 2010
CALL-IN @ 866-893-5722, 866-893-KPCC; OR JOIN THE CONVERSATION ONLINE ON THE PATT MORRISON BLOG AT KPCC-DOT-ORG
1:06 – 1:19
1:21 – 1:39
An entire continent waiting on one vote: the global ramifications of
On January 9th there will be a vote in an African country that will have ramifications across the continent and the entire globe.
Lako Tongun, professor of international & intercultural studies & political studies at
- Aside from teaching about Sudanese politics, history & culture, Tongun is from South Sudan—he fled the country during the first civil war but has returned several times. He is voting in the election on Jan. 9th.
Zach Vertin, Horn of Africa analyst at the International Crisis Group, based in
1:41 – 1:58:30
Who really owns your house—could mortgage transfers threaten legality of foreclosures?
Can your bank take your home? Yes, if they own it, but increasingly that ownership is being challenged in court as evidence of “robo-signings” and other careless documentation problems come to the fore. Recently a New York state judge, law professor and consumer attorneys testified before a Congressional panel that, in many cases, banks in fact have no legal standing to foreclose on borrowers due to a complicated electronic system known as MERS, which a majority of lenders use to document mortgage assignments. The confusion lies in the fact that MERS allows 20,000 people who work for lenders, not MERS, to sign mortgage paperwork in MERS’ name, obfuscating who actually owns the mortgage and with whom a homeowner can negotiate. Critics argue the judiciary system has actually exacerbated the current foreclosure crisis by too often accepting submissions without question from foreclosure-seeking lending institutions. Is this the first step in a massive overhaul of the MERS system and how can you trace your mortgage?
Katherine Porter, visiting professor of bankruptcy, consumer finance & secured credit at the
- Porter testified in front of the Congressional Oversight Panel in October on the legal challenges to foreclosures that are based in the question of ultimate ownership of mortgages.
- She has said the law is very unsettled about transferring mortgage ownership.
Daniel Edstrom, head of the securitization auditing firm DTC-Systems
- Edstrom reverse engineered the mortgage on his family home, an effort that took him a year to complete and produced an unbelievably complicated flow chart as his mortgage was transferred between owners as it was traded through mortgage-backed securities.
2:06 – 2:39
Michelle Rhee: radically reforming public education, whether you like it or not
She started as a Teach for
Michelle Rhee, member of Florida Governor-elect Rick Scott’s education task force; founder of Students First; and former Chancellor of D.C. Public Schools
Antonio Villaraigosa, mayor of the city of
HE CALLS US
Brock Cohen, English & humanities teacher at
CALL HIM @
Representative, UTLA, United Teachers
2:41 – 2:58:30
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