Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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WHAT OWS WANTS!!!!!!!! < Toradog > 10/14 21:05:44

Millions of lives were destroyed through massive, pernicious fraud by the American mortgage banks.

Democracy cannot prevail without justice!!!!

We want every mortgage industry employee, from underwriters to real estate agents to senior executives in prison, all the money back they stole and full compensation to the victims.

U.S. Government, get off your asses and do your job!!!!!!

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The homeowner expects to be a “Borrower” receiving a “Loan” from the bank. The bank then sells the loan to a Special Purpose Vehicle (a shell company) and gets paid in full without recourse, and also gets a commission as a finder’s fee, but the bank never funded the loan. The homeowner was tricked into believing the bank funded the loan, when the bank was just paid for finding a homeowner willing to sell the debt obligation. The bank’s commission was also for the bank to allow its name to be on the instrument, and often to act as Servicer to get monthly fees.

The homeowner was never told truth about who funded the transaction, because a Deed of Trust would not normally be allowed for a Financial Asset purchased by a Securitization Trust (a Security covered by security laws), or a Commercial Paper which is covered by the Uniform Commercial Code Division (UCC) 8, whereas Securitized Transactions with a Deed of Trust are covered under UCC 9.

The “Lender” named on the instrument did not fund the transaction, and therefore was not really the “Lender” at all. They acted only as a “Nominal Lender”, named on the debt instrument only to facilitate the creation of a Deed of Trust or Mortgage to secure the debt obligation as an alleged “Loan”, when it was not a “Loan”, but rather the receptacle for an Asset-Backed Investment Security. The “Pretender Lender” was paid in full, plus a commission, and lost interest in the debt obligation.

Also, the Deed of Trust or Mortgage can’t secure an Asset-Backed Investment Security, and homeowners were tricked into thinking they were “Borrowers” of “Loans”,when they were actually SELLERS of a debt instrument to a Securitization Special Purpose Vehicle. An invalid Deed of Trust or Mortgage, was fraudulently procured under the guise of a “Loan”, when it wasn’t a Loan, but rather the “Purchase of a Note” into an Asset-Backed Investment Security.

The investor on the other hand, who put up the money was never told that the mortgage-backed security was never mortgage backed because the majority of them do not make it into the trust, as they are resold over and over again. The pretender-lender holds on to the Note and in most cases never delivers it into the
trust as admitted by Countrywide representative in Kemp v. Countrywide, Case No. 08-18700-JHW.

None of this is revealed to the homeowner or investors at closing, hence the fraud lawsuits that are being filed. Insurers like AIG were taken for a ride, because most of these mortgage-backed securities that they insured never became assets of the trusts. The trusts were either empty or had bad mortgages.

The Pooling and Servicing Agreement, the document that governs the trust Section 2.01(a) states:

(a)“Each Seller concurrently with the execution and delivery hereof, hereby sells, transfers, assigns, sets over and otherwise conveys to the Depositor, without recourse, all its respective right, title and interest in and to the related Mortgage Loans…”

The Depositor then assigns the mortgage to the Trustee who deposits it into the trust for the benefit of the Certificateholders. If the mortgage is either a non-qualified mortgage delivered into a trust, or is simply not delivered into the trust, these defects can never be cured because when a mortgage is securitized the act is irreversible. You cannot unscramble the eggs….”
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Escape From the Planet of Servitude


Nuclear fission produces energy for nuclear power and to drive the explosion of nuclear weapons. Both uses are possible because certain substances called nuclear fuels undergo fission when struck by fission neutrons, and in turn emit neutrons when they break apart.[1]

 VIX is the ticker symbol for the Chicago Board Options Exchange Market Volatility Index, a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market's expectation of stock market volatility over the next 30 day period.[2]

Earth is a mixing bowl for humanity; cake bakers, candlestick makers, liars and thieves. No doubt exists that a cake baker knows the procedures and ingredients required to make an Angel Food cake or a Devil’s Food cake after eating such delicacy.  As such, we all pray that no liar or thief is ever employed to build nuclear weapon. For those countries that would engage in extensive exchange of nuclear weapons, they know mutual self destruction is imminent and therefore the deterrent.

 Some have learned how to apply the old adage of might is right. The might in aspects could be considered that of controlling of certain individuals within the worlds governments and nearly unlimited funds to purchase “unjustice” in the court system by the hiring of legal counsel that no longer have concern for their soul.  

 For those on the global line, remember, many in law enforcement have a duty to their oath, they are duty bound to uphold bad law even if they morally believe it is wrong. Compliance will allow everyone to travel what road is required to achieve humanities escape from servitude!

Wall Street Protests Spread to Europe, Asia

By Maria Kolesnikova and Howard Mustoe - Oct 15, 2011 8:47 AM ET


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