Expert Witness Blog

In Ask the Expert: How the Securities Foreclosure Mess Happened, mortgage loans expert witness Maher E. Soliman writes on the Conditional Prepayment Rate:

The CPR is the measurement of prepayment speed determine from reversion (sale of a home) refinance or the opposite end of the spectrum which is delinquency and default. Mortgages originated over the last decade were attributed an estimated holding time or CPR of say 60 months. Other things that influence price and for understanding the lenders desire to become fixated with the sub prime mortgage sector are subject to ethical scrutiny. I am referring to extreme maximum leverage used to buy loans and the introduction of something called accounting practices such as derecognition. The latter is suspect, according to many accountants, as it offer no real value to a transfer and subject to entering a “gain on sale.”

Read more: http://www.foreclosureinfosearch.com/

Streaming media expert witnesses may opine on digital multimedia evidence and streaming video, as well as related topics. The Law Enforcement & Emergency Services Video Association (LEVA) issued their Best Practices for the Acquisition of Digital Multimedia Evidence Version 3.0 on April 14, 2010, including information on preservation of DME.

DME preservation should consider the following:

Gaining Physical Access If the data is stored on-site, coordinate with personnel at the storage location to gain access to secured areas, locked containers, or storage devices.

In Ask the Expert: How the Securities Foreclosure Mess Happened, variable rate mortgages expert witness Maher E. Soliman writes:

It maybe the FDIC and lax oversight causing the unbelievable reemergence of banking and institutional investment activity in partnership. Their triparty collective efforts emerge in direct opposition to the spirit and intent of FIERREA legislation.

FIERREA was provided by the US legislature to expressly deny banks the capacity to used insured deposits to invest in junk classes of bonds disguised as securities. Devaluation of Bank equity and value once again becomes a reality.

Gas stations expert witnesses may opine on service stations, filling stations, gasoline, petrol, and diesel fuel. Here the California Service Station & Automotive Repair Association writes on ENHANCED INSPECTION PROGRAM FOR VST (Vapor Systems Technologies Inc.) NOZZLES:

On July 26, the Air Resources Board (ARB) held a meeting with industry associations and representatives to clarify expectations of the Enhanced Inspection Program that will mitigate gasoline spray incidents by VST nozzles.

A few CSSARA members have shared specific issues that they have had concerning customer complaints about pumping gas without hold-open nozzle clips, and about VST removing clips without prior approval in an attempt to fix the problem. Dealers have said that they have had VST reattach the clips to satisfy customers. The ARB is aware of these complaints and is exploring steps to be taken to alleviate the problems.

Transportation rules and regulations expert witnesses may opine on federal motor carrier safety regulations and the Department of Transportation (DOT), as well as other issues. Trucking experts at the Owner-Operator Independent Drivers Association (OOIDA) recently issued a press release, coming out in support of the newly proposed Motor Carrier Protection Act of 2010.

The act would establish significant penalties for violations of broker regulations, including unlimited liability for freight charges for conducting brokerage activities without a license or bond. Additionally, if the bill is passed into law, brokers and freight forwarders will be required to renew their operating authority annually and FMCSA will be required to revoke operating authority that is not renewed annually. Revenue generated from the renewal fees would then be dedicate to FMCSA’s oversight and enforcement of broker regulations. The bill establishes strict guidelines on companies that provide brokers with surety bonds, as well as guidelines on how they administer these bonds. The bill clarifies that trucking companies must have a broker’s or freight forwarder’s license and an appropriate bond in addition to their motor carrier operating authority to arrange freight for another carrier for compensation.

Read more: http://www.truckertrucker.com/.

In Ask the Expert: How the Securities Foreclosure Mess Happened, mortgages expert witness Maher E. Soliman writes:

With the recent collapse in lending and drain on market liquidity, property values also collapsed.The events hold a negative effect on bank’s assets and likewise the capital value of all member banks and FSB’s. This is the current condition that further reduces banking liquidity.

If you return to 1989 and the passage of FIERREA, you recall how the legislation made it unlawful for a bank to hold junk bonds as bank assets. It was a decision coupled with the government electing to close (versus to sell off) the largest market maker of junk bonds at the time.

Video capture expert witnesses may opine on digital multimedia evidence and streaming media, as well as related topics. Definitions include:

Multimedia Evidence Analog or digital media, including, but not limited to, film, tape, magnetic and optical media, and/or the information contained therein. NOTE: The term Digital Multimedia Evidence (DME) used in this document refers specifically to multimedia evidence in a digital form.

Forensic Video Analysis Forensic Video Analysis is the scientific examination, comparison and/or evaluation of video in legal matters.