FREDDIE and FANNIE Loans are Clearly COMPROMISED, Many Likely Sold MULTIPLE Times

Fannie Mae Silence on Taylor Bean Mortgages Opened Way to $3 Billion Fraud

Some excerpts from the report…

The first sign of what would ultimately become a $3 billion fraud surfaced Jan. 11, 2000, when Fannie Mae executive Samuel Smith discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else.

Fannie Mae, the government-sponsored enterprise which issues almost half of all mortgage-backed securities, determined over the next two years that more than 200 loans acquired from Taylor Bean were bogus, non-performing or lacked critical components such as mortgage insurance.

That might have been the end of Taylor Bean and its chairman and principal owner, Lee Farkas. He is scheduled to be sentenced today in federal court in Alexandria, Virginia, for orchestrating what prosecutors call one of the “largest bank fraud schemes in this country’s history.”

Instead, it was just the beginning.

Fannie Mae officials never reported the fraud to law enforcement or anyone outside the company. Internal memos, court papers, and public testimony show it sought only to rid itself of liabilities and cut ties with a mortgage firm selling loans “that had no value,” as Smith, the former vice president of Fannie Mae’s single family operations, said in a 2008 deposition.

‘Fraud Scheme’

Taylor Bean would have collapsed in 2002 “but for the fraud scheme,” according to prosecutors. It also survived because Freddie Mac began picking up the company’s business within a week of Fannie Mae’s cutoff, Jason Moore, Taylor Bean’s former chief operating officer, said in an interview.

Freddie Mac soon became Taylor Bean’s biggest customer, and the mortgage company grew to be one of its biggest revenue producers, accounting for about 2 percent of single-family home mortgages by volume in 2009, according to a company filing.

Fake Mortgages

From 2002 through August 2009, he directed the sale of more than $1.5 billion in fake mortgage assets to Colonial Bank and misappropriated more than $1.5 billion from Ocala Funding LLC, a financing vehicle used and controlled by Taylor Bean, prosecutors said in a sentencing document.

Farkas, 58, oversaw the “triple-selling” of $900 million worth of mortgage loans to Colonial, Ocala Funding and Freddie Mac, and led an effort to obtain $553 million from TARP, according to the filing.

‘Fraudulent Loans’

On April 1, 2002, Fannie Mae management decided to terminate its contract with Taylor Bean because of “fraudulent loans” and “other serious concerns,” according to the summary document. In addition to the $1.7 billion servicing portfolio, Taylor Bean had an outstanding balance on Fannie Mae’s advance payment line of about $189 million, according to the document.

At that point, the chronology stated, Fannie Mae could have refused to buy any more loans from Taylor Bean, blocked the company’s access to its online loan processing programs, and seized the servicing rights, shifting those contracts to another company without compensating Taylor Bean.

It did none of those things. Fannie Mae wanted to preserve the value of the servicing portfolio, which would plummet if it reported that Taylor Bean was selling bogus loans, according to the summary document and Smith’s deposition.

Fraud Department

Fannie Mae’s fraud department looked at $1 billion in suspect loans in 2009 and found $650 million to be fraudulent, according to William H. Brewster, director of Fannie Mae’s mortgage fraud program. Brewster told the Financial Crisis Inquiry Commission that the loans were bought from lenders such as Bank of America Corp. (BAC), Countrywide Financial Corp., Citigroup Inc. and JPMorgan Chase & Co.

Above article can be read in full here…

From a post on www.4closureFraud.org from last year…

Freddie Mac / Bank of America / Taylor Bean Whitaker – IMPORTANT INFO & STATEMENT REGARDING ASSIGNMENTS… TRANSFERS… NOTE OWNERSHIP!!!

“Indeed, it appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies”

In the 1999 21st Century Loan Sharks Report, Nye Lavalle coined and defined the term “Predatory Mortgage Securitization” (see http://en.wikipedia.org/wiki/Predatory_mortgage_securitization) in his report from HIS PERSONAL RESEARCH AND ANALYSIS HE DEFINED SOME THE FOLLOWING PRACTICES THAT DEFINED Predatory Mortgage Securitization….

  • Securitizations that are termed and classified as ‚whole loan‚ and ‚true‚ sales ‚ without recourse, that are really financing mechanisms with undocumented side deals and agreements for recourse which may not be able to be classified as investments in real estate and may have tax and reporting consequences for purchasers;
  • Stamping, filing and recording loan and mortgage instruments that indicate loan was sold ‚ without recourse‚ when in fact there were recourse provisions;
  • Failing to record in country records the true and real ownership, assignment and endorsements of promissory notes, deeds and other mortgage documents which were part of sale, assignment or transfer;
  • Knowingly accepting via computer tapes the principal balances of loans offered for securitization when the servicers, investment bank or securitizer has knowledge that problems or potential fraud existed in the servicing operation of the bank, servicer, broker originating, selling, assigning or transferring the loan;
  • Knowingly accepting via computer tapes the principal balances of loans offered for securitization when the servicers, investment bank or securitizer has knowledge that problems or potential fraud existed in the servicing operation of the bank, servicer, broker originating, selling, assigning or transferring the loan and the new owners, servicer and assignee securitizing the loan pool does not possess the full and complete loan transaction histories for each borrower;
  • Knowingly accepting loans and not disclosing to investors problems with loan documentation; missing, altered or fraudulent documentation in loan file; chain of titles and ownership; threatened legal actions; current regulatory actions or complaints made about loans assigned;
  • Reporting problems or improper custody, maintenance and control of promissory notes, deeds and other loan documents;
  • Offering for sale and securitization interests in notes, deeds or other mortgage instruments that the servicer or securitizer does not have a real interest in;
  • Offering for sale and securitization interests in notes, deeds or other mortgage instruments that the servicer or securitizer does not have in their custody or control;
  • Offering for sale and securitization interests in notes, deeds or other mortgage instruments that the servicer or securitizer has offered for sale to someone else;
  • Offering for sale and securitization interests in notes, deeds or other mortgage instruments that the servicer or securitizer is owned by someone other than party identified in the prospectus;

In essence on thousands of occasions Nye stated to regulators, CEOS, banks, Fannie and Freddie that the practices of the banks were that they were double and multi-pledging assets and pledging paid off and refinance notes to securitizations. This is something April, Max and Nye have discussed for years now. Now, they come and admit that each of my allegations were true Without analyzing the deal, as complex as they are, you WILL NEVER KNOW IF THE FORECLOSING PARTY HAS “ANY” RIGHT TO FORECLOSE!!!

The motives Nye identified for the “Blank Endorsements” and missing assignments and “pre-notarized” “Blank Assignments” and “Blank Allonges” that “were placed into the “custodial/collateral” files were to be able to:

Multi-pledge collateral (Notes) so as to cook the books;

In case of bankruptcy, allow the entity in possession of the notes to simply transfer to another entity to be decided or themselves the notes etc… so as to keep out of the bankruptcy estate of the bankrupt creditor;

To pretend to show that a “true sale” occurred when in reality the so-called lenders were financing their receivables;

Complete and change chains in titles to notes that were toxic where fraud was known and HDC could be achieved;

Shuffle the ball (note) under the shell (owner) so as to subvert TILA, RESPA, and FDCPA claims and other lawsuit claims and any related HDC and assignee liability issues.

Now, in BOA’s Motion in the TBW case, they prove his allegations that the notes were multi-pledged and his statement for years that unless you see where each note comes on and off the books, and review the custodial documents, you will NEVER KNOW WHO OWNS THE NOTE and has any right to accelerate, amend, modify, settle, payoff, satisfy, return, and cancel the note, let alone authority or standing to foreclose.

Here is the key part from the motion….

On numerous occasions, the Debtor has informed the Court and other parties in interest that one of the biggest challenges in this case will be sorting out the competing claims to cash and other assets that flowed through the Debtor‚Äôs accounts prior to the bankruptcy filing. Indeed, it appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies. According to the Debtor, the largest single source of disputed funds‚Äîmore than $548 million according to the Debtor‚Äôs Second Interim Reconciliation Report‚Äîrelates to Freddie Mac. Indeed, BofA believes that there were improper diversions of Ocala loans and assets from TBW to Freddie Mac, and Ocala may have valid ownership claims with respect to a substantial portion of assets that relate to Freddie Mac. Accordingly, there can be little doubt that BofA, in its representative capacities with respect to Ocala, has a valid and pressing need for information regarding Freddie Mac‚Äôs extensive relationship with the Debtor, which is directly relevant and necessary to evaluate the Debtor‚Äôs property, liabilities, and financial condition. In just a few weeks, the Debtor intends to file an Asset Reconciliation Report that will identify with greater specificity (but, importantly, not resolve) the remaining issues with respect to ownership rights. As a result, the need for BofA to gain access to documents in Freddie Mac‚Äôs possession has become particularly urgent. Among other things, BofA needs to obtain documents from and examine witnesses at Freddie Mac to (1) evaluate competing claims against the estate, (2) test the assumptions contained in the Asset Reconciliation Report, and (3) examine Freddie Mac‚Äôs claim of ownership with respect to certain mortgage assets and its custodial arrangements with Colonial Bank for those assets. Despite these time sensitivities, Freddie Mac has so far blocked BofA‚Äôs ability to obtain any of this information, including those documents that have already been produced to the Debtor and counsel for the Committee. In its objection, Freddie Mac goes to great lengths to characterize the BofA 2004 Motion as overly burdensome, massively expensive, improperly motivated, and generally disruptive to the ongoing discovery between the Debtor and Freddie Mac. Even if such arguments had any merit under the circumstances (which they do not), the simple fact remains: nearly three months after the Court entered its order on the Debtor‚Äôs Rule 2004 motion authorizing and directing examination of Freddie Mac, BofA has not been able to review a single document…

Be sure to sift through the files below… Fascinating…

~

4closureFraud.org

h/t Deontos

~

Freddie Objection to Boa in Re Taylor Bean & Whitaker Mortgage Corp.

Boa Answer to Freddie Objection in Re Taylor Bean & Whitaker Mortgage Corp.

Comments
75 Responses to “FREDDIE and FANNIE Loans are Clearly COMPROMISED, Many Likely Sold MULTIPLE Times”
  1. DumbassJustices says:

    The fraud is so involved people don’t realize it effects state and federal employyes who are investing in MSB’s and the system is broke until they come into your pensions and take it…LMAO keep hiding your heads in the sand Justice of the Peace my ass…

  2. katinad@bex.net says:

    All these loans are fraud
    All the loans have been frauded by reselling them over and over without a borrowers knowledge. They are out of business thankfully for all kinds of fraud.

  3. lvent says:

    DAVID ROBERTS, HERE IS SOME PROOF FOR YA. Just go to your recorder of deeds website and search for YOUR MORTGAGE(S). NOW SEARCH FOR YOUR NOTE(S). CHANCES ARE _HUGE_ THAT NO NOTES WERE RECORDED BUT THE MORTGAGE WAS.. THAT IS FRAUD. THE MORTGAGE AND THE NOTE MUST STAY TOGETHER TO SECURE THEIR COLLATERAL LIEN. THEY SOLD AN UNSECURED INSTRUMENT. THAT IS ILLEGAL, THAT IS SECURITIES FRAUD. THEY KILLED THEIR OWN CONTRACT BECA– USE THEY COMMITTED MASSIVE, PERNICIOUS MORTGAGE FRAUD. . THEY COMMITTED SECURITIES FRAUD AND DECEPTIVE PRACTICES AND MUCH, MUCH MORE………….DAVID ROBERTS WANTS US TO ASK THE SEC TO FIND AN UNSECURED LOAN???? TALK ABOUT A CONTRADICTION. HIGHLY DECEPTIVE TO SAY THE LEAST. THE SEC WILL NEVER FIND IT BECA– USE THEY WOULDN’T WANT TO HAVE THAT UNSECURED LOAN. THEY WOULD BE COMPLICATE TO THE CRIME IF THEY SAID THEY HAD IT.

    • David Robert says:

      Well IVENT your handle tells me a great deal about you and the fact that you have to type in all caps to try and get your point across. You can yell all you want, it won’t change the fact that your wrong and your anger is going to put you in a hospital. I am not the enemy. A Certified copy of a Pooling & Servicing Agreement along with the Prospectus, 8-K and the Loan Pool that references the “Trust” is evidence that the Bank has been paid and that they are not the Note Holder, add a Forensic Securitization Audit and you are walking into the courtroom with a can of whipass. I have seen several Trust that evidence the Note was Securitized, that sir is a fact. For a guy who thinks he knows everything it’s pretty obvious that you’re too angry to see the remedy when I am trying to hand it to you on a silver platter. Contact me when you have “free & clear” title of your property because until you have that in your hand you are just a guy with an interesting hypothesis. Also, I don’t have a Mortgage. You cannot prove any of what you’re claiming in a courtroom, they will laugh your butt right out of the court, you will NEVER win a global argument. I’m amazed that you haven’t even brought up the fact that the Bank created the $$ off the signature of the alleged borrower and deposited the Note into a DDA. YOU signed a Mortgage IVENT and when you did that you agreed that the Bank can do whatever they want, its none of your business what they do or do not do, you gave them permission when you signed the paperwork. Go read your paperwork, don’t preach to me when you sir are in dishonor. You are going to lose your home unless you can prove what you’re claiming which you cannot.

      • lvent says:

        David Roberts, ALTERING DOCUMENTS AFTER THE SIGNING IS ILLEGAL IN _ANY STATE_ EVEN FOR A BANK. I mam, am not in dishonor. The PRETENDER LENDER is. . and because you said that I am in dishonor, I know for sure who you work for. I DID NOT GIVE THEM PERMISSION TO COMMIT FRAUD IN MY NAME. BTW, If you are not in fraudclosure why are you here? For the benefit of fraudclosure victims down here on main street? I don’t believe that for a minute. . NO GOVERNMENT AGENCY IS EVER GOING TO GIVE US PROOF OF ANYTHING. . THEY WILL NEVER TELL US THE LOANS ARE UNSECURED BAGS OF SHIT. WE DON’T NEED THE PROOF FROM THE SEC, WE ALREADY HAVE ALL OF THE PROOF THAT WE NEED IN OUR POSSESSION.

      • lvent says:

        DA ROBERTSON, IF “they” found a bank Note that WAS Securitized. THEY SHOULD BRONZE THAT BABY AND HANG THAT ON THEIR WALL. I don’t know it all, but I know enough to not be fooled by trolls like you. I have no reason to be mad, the truth has set me free from believing liars like you, MAM.

  4. lvent says:

    IF WE THE PEOPLE LET THEM GET AWAY WITH THIS WHAT WILL THEY GET AWAY WITH NEXT?

  5. lvent says:

    I would NOT TRUST THE SEC to tell me ANYTHING ABOUT WHO OWNS MY LOAN BECA– USE NO ONE OWNS MY LOAN BECA– USE THESE LOANS WERE _NEVER SECURITIZED_THEY WILL LIE AND TELL YOU ANYTHING TO MAKE YOU LOSE YOUR HOME. THE IMF OWNS THE SEC ALSO AND THEY ARE THE FOREIGNERS WHO THREW AMERICA UNDER THE BUS AND TRIED TO SELL OUR HOMES OUT FROM UNDER US. THE NEW WORLD ORDER DOES NOT OWN US. THEIR PERPS NEVER SECURED THEIR COLLATERAL LIEN AND THE IMF OWNED FANNIE AND FREDDIE _DO NOT HAVE THE NOTES_ AND THEY _DO NOT OWN JACK SHIT_. FIGHT THE GOOD FIGHT AND_ FIGHT THE TYRANNY. _ THAT FRAUDULENT MORTGAGE DEBT IS _UNSECURED_ AND AN UNSECURE DEBT _IS_ EXTINGUISHABLE IN A BANKRUPTCY .

  6. Fury says:

    housemanrob,

    i am so sorry that the stress killed your wife.

  7. David Robert says:

    if you are trying to find your loan with the SEC having the name of the “Trust” will help BIG TIME in locating your Pooling & Servicing Agreement. The PSA will lead you to the Prospectus and the 8-K, and with a little luck the Loan Tape which will have your loan number listed. If your Mortgage is 2005 or older you probably won’t find the Loan Tape.

    A Securitization Audit (though it will cost you a couple of $$) is evidence that meets the Rules of Evidence and if the Auditor is willing to testify as an expert witness that just might put a little fear into the Debt Collector (Attorney) and the Bank.

    If you do a little research you can find cases all over the country that when the word “Securitization” finds its way into the case it shows that the Bank has been paid and Judges are not going to allow unjust enrichment to happen on the record in their respective courtrooms.

    It comes down to the simple fact that – “It is NOT WHAT YOU KNOW, it is what YOU CAN PROVE”.

    When you can prove that the Bank is or was not the Note Holder of a post or pre-foreclosure the game changes. Too many people are arguing the “Holder in Due Course” and when they do they have missed their chance.

    Additionally, (IMHO) too many people are trying to argue “Where’s the Note”?? – I say who gives a rats ass, show me the Loan!!!

    The Bank and their bottom feeding Debt Collector play the unjust enrichment (deadbeat) card before the court and that is exactly what I would be doing (if I were defending my property) by showing the court that the Bank has been PAID by way of the Securitization. THEY NO LONGER OWN THE NOTE, they have NO standing and a Securitization Audit (along with) Certified Copies of the PSA, Prospectus, 8-K and the Loan Tape will prove exactly that.

    Once a homefighter has the above they need to find legal-council to put the evidence forward.

    What I have just shared is my personal opinion and what I would do if I needed to defend my property (which I do not) from being stolen by a Bankster. This is not to be used in anyway as legal advice. I highly suggest that a homefigher find a legal professional to help/council them and shove the evidence up the Banker/Debt Collectors orifice of choice.

    • lvent says:

      I believe that these loans were never assigned to the trusts. The Mandelman Matters article that was posted at this website clearly states: The bankers never assigned the loans to the trusts. ESSENTIALLY NONE OF THEM……EVER…..ASSIGNED….THE….LOANS……TO……THE……TRUSTS.

      Mandleman also said that The answer to why the banksters are falsifying documents and having rob-singers sign things is because they are trying to HIDE THE FAT THAT THE NOTES WERE NEVER ASSIGNED TO THE TRUSTS. THE TRUSTS ARE QUITE SIMPLY EMPTY AND THEY HOLD NOTHING. CERTIFICATES IN THE TRUSTS THAT FACILITATED THE SALE OF MORTGAGE-BACKED SECURITIES TO INVESTORS ALL OVER THE WORLD ARE MISSING THE “MORTGAGE-BACKED PART.” NOW THE TRUSTS WANT TO FORECLOSE, BUT THEY CAN’T PROVE THEY HOLD THE LOANS………BECA– USE THE FACT IS……THEY DON’T.

      Max Gardner, one of the top consumer bankruptcy attorneys in the country, has often told many of the attorneys around the country that follow his thinking, “if anyone ever finds a deal where the note was correctly endorsed to the trust, he or she should bronze it and hang it on their wall.

      The Mandelman article goes on to say, a mortgage, in case anyone is unclear is actually two things: there’s the note, which is the IOU th borrower agrees to repay, and the morgage or deed of trust, which represents the lien on the property. You have to be what’s termed “the real party of interest in the note” in order to foreclose on the property. In 45 states, the mortgage is considered a mere accessory to the note. The note is were the money is found, the mortgage is where the real estate is described.

      If the notes never made it to the trusts and the trusts are empty than we can never find out who the investors are. If they don’t have the original notes, then, they have nothing.

      • David Robert says:

        its doesn’t matter what you believe, it doesn’t matter what you know, it doesn’t matter what you think, what matters is what you can PROVE.

        Judges are not going to rule on a Global issue, they will on the other hand rule on a local issue, like PROOF that the Bank is or was not the NOTE HOLDER at the time of the foreclosure.

        If the Bank sold the Note within 90 days of the alleged borrowers signature (required be Trust Law New York) then the only way they can undue the Securitization is to step into their time machine and go back and re-due the paperwork. Proof of the break in tilte ownership is a death sentence for the Bank.

        There is one word for proof that becomes prima facie evidence – YATAZEE !!

        Keep it simple people.

      • Dianne Boyter says:

        That’s true, Countrywide has admitted they never sent the notes to the Trusts as they were supposed too… thus breaking chain of title.

        http://www.nakedcapitalism.com/2010/11/countrywide-admits-to-not-conveying-notes-to-mortgage-securitization-trusts.html

        search it anywhere and you will see the testimony… What haunts me is the recent settlement with the Trusts by maggot criminals such as Countrywide and BOA lead me to believe the Trust’s are now forced to cover for the Banksters and deny the broken chain of title ever took place… via gag order.

      • lvent says:

        But if they never delivered the notes to the trusts than what exactly are we proving here? If they do not have the ORIGINAL NOTE. than how much simpler could it be, they DO NOT OWN THE LOAN. When they failed to record the NOTES at the RECORDER OF DEEDS OFFICE they BIFURCATED THE NOTE AND THE MORTGAGE. THE U.S. SUPREME COURT RULED 130 YEARS AGO THAT THOSE ARE INSEPERABLE IN ORDER TO DERAIGN TITLE. Now I have a copy of a note in my fraudclosure complaint with my FORGED SIGNATURE ON IT. I NEVER SIGNED THE NOTE OR THE MORTGAGE. NOW HOW COULD THEY HAVE MADE THAT MISTAKE IF THEY HAD THE ORIGINAL NOTE?????

      • lvent says:

        I don’t need the SEC to send me on another wild goose chase, thank you very much. The proof is in plain sight. According to my public recordings, Chicago Title and Trust is Grantee and Public is Grantor. Now who is PUBLIC and who gave Chicago Title and Trust the authority to do that? What I have proof of is no one knows who owns my loan, we were all used as collateral for their GINORMOUS Ponzi Scheme POOL OF MORTGAGE FRAUD. Our homes are paid for because of their Ponzi Scheme. I don’t need the SEC to tell me that. The proof is in our public recordings and our title. They never perfected their collateral lien, starting at ORIGINATION.

      • lvent says:

        I agree with you Diane. Why would Fannie and Freddie be using servicers, banks and their attorney network to foreclose from behind the scenes unless they were hiding something? A party that owns only the mortgage and not the note has no ownership in the debt. Investing in a mortgage does not mean you own the loan unless you also have the note. Fannie and Freddie never held the mortgage or the note or did they? Could it be that the mortgage and the note never actually left Fannie and Freddie and they were really just using our signatures to perp the biggest PONZI SCHEME SWINDLE AND HEIST IN HISTORY? That would be ILLEGAL.

      • lvent says:

        I DO NOT TRUST THE SECURITIES AND EXCHANGE COMMISSION. THEY ARE OWNED BY THE IMF. SCREW THEM. THEY WANT TO STEAL OUR COUNTRY AND OWN US WITH THE FRAUDULENT DEBT THE CREATE. YOU DONT NEED PROOF FROM THE SEC.

        THE PROOF IS IN YOUR PUBLIC RECORDINGS THAT THE IMF OWNED FANNIE AND FREDDIE HAVE NO STANDING TO FORECLOSE BECA– USE THEY COMMITTED MASSIVE MORTAGE FRAUD AND KILLED THEIR OWN CONTRACTS AND THEY DO NOT HAVE THE NOTES AND THEY WERE NEVER ASSIGNED ANY LEGAL RIGHTS TO FORECLOSE BECA– USE THEY NEVER PERFECTED THEIR COLLATERAL LIEN. DON’T THINK FOR A MINUTE THE SEC WILL EVER TELL YOU THE T..R..U..T..H..

      • lvent says:

        REMEMBER THEY CAN MANUFACTURE ANYTHING OUT OF THIN AIR, JUST LIKE THE MORTGAGE “LOAN” AND THE FINANCIAL CRISIS.

        BOGUS BASTARDS. DON’T TRUST ANY OF THEM. THEY LIE AND DECIEVE AND THAT IS WHAT THEY DO TO TRY AND OWN US.

      • I vent….In Florida the NOTES ARE NOT RECORDED IN COUNTY RECORDS….IT IS NOT REQUIRED…..But I have always felt this was wrong….the notes SHOULD be requred to be recorded….but that is Florida for you. Years back in Michigan they were recorded and the Notes stayed at the local bank. Years later now in Florida…once you sign on that line….that Note is gone..the breeze from the Gulf blows it into space….all you find is copies that are stamped..’ this is a true copy of the note ‘…..But I do know that on my daughter’s Mortgage that the title co. recorded…the title co. requested on the cover sheet to return the recorded mortgage to them..NOT TO THE BANK….that is what raised the red flag…..We shall see…she now has a GOOD LAWYER….that first one never saw any frauds in the mortgages….talk about the sun frying the brain….I couldn’t say FIRED fast enough….lost what I had paid her but I had to move on before this tiger starting foaming at the mouth. LOL David is right… I had read that another expert said…’ It’s not the note you want….it’s the Mortgage.(loan)…or go for both… but you want them to show the loan.’…..

      • lvent says:

        MARILYN, THAT IS FRAUD!!!!!!!!!! THAT IS THE _ORIGINATION FRAUD._ THAT IS WHY THE COMMITTED ALL OF THE OTHER FRAUD. THEY ARE NOT SUPPOSE TO BIFURCATE THE NOTE AND THE MORTGAGE. THE NOTE AND THE MORTGAGE ARE SUPPOSED TO BE INSEPERABLE. THE U.S. SUPREME COURT RULED 130 YEARS AGO THAT THE SUPREME COURT RECOGNIZED THE MORTGAGE INSTRUMENT IS INSEPARABLE FROM THE PROMISSORY NOTE. CARPENTER V. LONGAN. THAT WAS NECESSARY TO ENSURE THAT TITLE TO PROPERTY COULD BE DERAIGNED. YES, THEY WILL TELL YOU THEY DO NOT HAVE TO PUBLICLY RECORD. SURE THEY DON’T, IF THEY DON’T WANT TO PERFECT THEIR COLLATERAL LIEN AND THEY WANT TO COMMIT MORTGAGE FRAUD……….WHAT THEY HAVE SOWN, THEY SHOULD REAP. IT IS A MASSIVE COVER-UP.

    • Dianne Boyter says:

      Anyone have a recommendation for someone to do a securitization audit, that won’t charge an arm and a leg? I need to hang on too all my money in order to sue.

      Wonder what type of training it takes to be able to conduct your own securitization audit.

      • David Robert says:

        Diane, contact me at 4education2@gmail. I have contacts that can perform a Forensic or Securitization audit.

        In spite of what I VENT says it doesn’t mean squat as to what you know, if you can’t prove it, it won’t fly in court. Audits work, evidence that is admissible in court or that you can use to enter into a settlement is powerful, it’s that simple.

        Writing in ALL CAPS like IVENT does is like yelling to get your point across. Unless he can produce a “free & clear” title based on what he is claiming he is just another pissed off loud screaming patriot who will end up like Jerry Kane unless he can keep his anger at bay. If you enter a courtroom pissed off you will lose, that is exactly what they are counting on and that is how they keep you off your game.

        He is correct in the fact that the Note and the Deed or Mortgage was bifurcated (separated) thus voiding the contract ab-initio. The Note was stamped “pay to the order of” without recourse and was deposited in a DDA [Direct Deposit Account] on the private side of the Bank. He (like many others) signed the paperwork for the Mortgage. That means he signed away all his rights, both legal and lawful. No person in their right mind would enter into such a contract.

        A simple search on the word “Mortgage” Latin translation = [DEATH PLEDGE] should tell you something.

        I have no intention on entering into controversy or argue with IVENT. Some of what he says is true, some of what he claims is not true. 99.9% of what he claims he cannot prove, and it will only come down to what he can prove. I’m sure he is a good guy who has been beat up by the system but he will lose his home just like everyone else unless he can back up his claim with “proof”.

        Happy 4th to you and yours.

      • lvent says:

        David Roberts, I KNOW THE TRUTH AND THAT REALLY BUGS YOU, . WHAT YOU ARE DOING IS HIGHLY DECEPTIVE AND YOU KNOW IT. I already have all of the AMUNITION I NEED: I HAVE THE _PROOF_ THEY_ ALTERED DOCS_ AFTER _THE_ CLOSING. _ YOU KNOW ABOUT THE _ORIGINATION FRAUD_ RIGHT? SURE YOU DO. I I also know that THE PRETENDER LENDERS have _NO STANDING_ to foreclose because they_ DO NOT_ HAVE THE NOTES…..THE_ FACT _THAT THEY SOLD THE UNRECORDED AND THEREFORE UNSECURED NOTES WAS CRIMINAL. WHY DON’T YOU STOP PEDDLING THE KOOL-AID????

      • lvent says:

        DAVID ROBERTS, IT IS TOO LATE. THE JIG IS UP. THE TRUTH IS OUT. AND IT IS MRS., GOTCHA AGAIN.

    • lvent says:

      Who thinks they own our unsecurtized mortgages? Maybe it is the NEW WORLD ORDER, Lucis Trust formerly known as the Lucifer Trust? THEY REALLY OWN ALOT OF WORTHLESS PAPER. Their perps committed massive and pernicious MORTGAGE FRAUD BY SELLING UNSECURED NOTES. THEY NEVER RECORDED THE NOTES WITH THE MORTGAGES AT THE RECORDERS OFFICES TO COVER UP FOR THEIR MORTGAGE FRAUD PONZI SCHEME. NOW OUR HOMES ARE PAID FOR FREE AND CLEAR BECA– USE OF IT. GOD BLESS AMERICA!!!!

  8. Dianne Boyter says:

    Bank of America (Countrywide) is coming after me on August 5th. I want to initiate a lawsuit before then, and I’m forced to do so pro se as I cannot find an attorney in NC that gets it, or they’re terrified to go against BOA since this is BOA’s home town.

    I’m run into so many “do it yourself” advertisements and not sure which if any would be helpful to me in drafting my complaint.

    Does anyone have an opinion if I should file in Federal Court or State Court? There was one good win in NC recently:

    http://stopforeclosurefraud.com/2011/05/05/in-re-gilbert-nc-appeals-court-reversal-improper-indorsement-no-evidence-of-debt-jeffrey-stephan-affidavit-deutsche-bank-gmac-residential-funding/

    Also, does anyone know if you start out pro se; can you change mid course to attorney representation?

    • housemanrob says:

      I have an opinion Dianne….do not defend pro se…… unless you have to…..then do your homework thoroghly!

      • Dianne Boyter says:

        Has anyone heard of this law firm? They say they fight wrongful foreclosure anywhere in the US; and you don’t have to pay unless they win:

        http://www.southcoastaccidentattorney.com/ Philips and Garcia

        I need an attorney to sue the county and the bank for two illegal foreclosures which have already taken place; and to defend against a third being threatened.

      • Dianne Boyter says:

        I agree…. I don’t want to go pro se; but so far no NC attorney is willing to take my case and I have read that the NC Bar Association discourages and threatens any attorney who would take a case against Bank of America…. remember this is North Carolina, and BOA owns this state and every politician and attorney in it.

  9. housemanrob says:

    Anybody heard the latest? NOW THE IMF CHIEF IS GETTING OFF FOR RAPE!!!!!!!!!! I wonder how many hands were out on that one and how many $$$$.

    • Dianne Boyter says:

      We have the most corrupt government in history; nothing but rackateers and mobsters. I don’t know if we’ll ever be able to dig out of this massive government crime wave.

    • lvent says:

      I heard her bank account has been getting flooded with money from somewhere?

    • lvent says:

      I also heard that the new IMF chief used to work for a large law firm in Chicago. Politics make strange bedfellows so they say.

    • HO– USEMANROB….With that case of the IMF rape….I felt from the start he was set up. What made me think that… is an article I read on the internet that he was not following the ‘ thinking ‘ as other members wanted him to. Something to do with ‘ nicer ‘ ways to do things…like he was getting to soft in his thinking…not wanting to follow the same game as they wanted. and some members thought he needed to go. Now if that was a ploy because he was going to run for office and they didn’t want him to…personal reasons among members…or they felt he was not doing his ‘ job ‘….it just gave me the feeling he was set up….and it happening in New York…with the crooked police and all…and the story sounded like it was planned….fake. Now a women has his job and running for office is out….so they got what they wanted….and it just cost them money to do it….alot of bribes. We certainly cannot believe anything told….remember….it’s the same gang that we are fighting….nothing but lies.

  10. Dianne Boyter says:

    I’ve spent hours on EDGAR trying to find my loan, but it seems as though all specific records identifying particular properties by address have been perged.

    • housemanrob says:

      Dianne, Have you tried narrowing it down by………..using the origination date for that month and at least 4 mo after? Also your original loan amt and your interest rate will help. If not there is Mario kenney and Neil Garfield……….no guarantees that they can find it though.

      • Dianne Boyter says:

        I believe I have found the pooling and service agreement from Countrywide in 2006; but all the figures shown are large amounts where all the loans from a particular state were bundled together. For example it might say NC 250,000,000 . I’ve yet to be able to find specific addresses used for collateral.

    • housemanrob says:

      Different loan #s for them and us………they don’t want you to find your loan…..that makes you dangerous!

    • Readdocs says:

      I have yet to find anything I’ve looked for in Edgar. And now MERS has been laundered as well.

  11. David Robert says:

    housemanrob – I hope you ordered a Certified copy of your Pooling & Servicing Agreement along with the Prospectus and 8-K from the SEC? You might also request all attachments and exhibits. With a little luck they will include the Loan Tape (if the Instrument was deposited before 2005). That becomes Prima Facie evidence that you can place into an orifice of choice of the Bank. You will have proof that the Bank is not the Note Holder. If you want some help ordering from the SEC call me at – (888) 328-4788 ext #604

    • housemanrob says:

      Thanx Dave, You may here from me!

    • David Robert says:

      housemanrob – correction – meant to say after 2005 with regard to the Instrument being entered into the Pool. Correction on the phone number, it is (888) 328-4877 ext #604 – NOT 4788 [my bad].

    • housemanrob says:

      I am having a major trust problem. I trust nobody. I have watched friends and others lose their home, over and over because they trusted some pro to solve their mortgage woes………………result they ALL got screwed. I have endured with a survivers attitude of acquiring as much knowledge as possible!

      • David Robert says:

        I totally understand housemanrob, its not what you know, it’s what you can prove, and everything else is just interesting information.

        With regard to “trust”, trust, but verify is the code I live by, it also comes down to “Trust” and that is governed by the State of New York which applies to all Mortgage Securitizations. If you can prove that the Bank got paid and they are no longer the Note Holder that puts you in a pretty stong position. Information is NOT power, its potential power.

      • housemanrob says:

        I understand Dave, thanks again and you may hear from me if I run into snags.(like it isn’t one big snag in the first place)

      • housemanrob says:

        Dave, They have used all these mazes and concealment because they think we are all stupid! Typical narcicism…………..knowledge and understanding is their enemy……they are being exposed and the excuses coming from these fraudsters are so weak and ridiculous, I am sure they will do all it takes to keep us ignorant. I come in contact with many people……….they are clueless and walking in their sleep. When it all comes crashing down………..and it will……….how will they respond………by jumping out of buildings…….leaving “blood in the streets?”

  12. housemanrob says:

    HOW ABOUT FANNY MAE MEETING WITH LEE FARKAS ALMOST 10 YRS AGO WITH…………………”NOW LEE, BE A GOOD BOY AND REDUCE THE FRAUD YOUR COMMITTING.” MEANWHILE WE’LL SET YOU UP WITH FREDDY FROM HERE FORWARD SO NOBODY NOTICES HOW MUCH CAPITAL WE ARE STEALING!

  13. George Forfa says:

    We should shout this from the roof tops. There are so many clear levels of fraud, reaching into so many institutions.

  14. Read this post! It should shed some light on who is the criminal and who is not. And who owns the house and who does notln Southern Essex Registry of Deeds Audit Reveals That 75% of Assignments of Mortgage Are Invalid; O’Brie! Says Banks Responsible for an Epidemic of Fraud

    Foreclosure Fraud | June 30, 2011 at 1:48 PM | Categories: Foreclosure Fraud | URL: http://wp.me/pFWnq-75h

    Read more of this post

    Add a comment to this post

  15. Dont worry their will be a bigger bank heist unearthed soon, that will make this one look midget sized. See the next article.

  16. George Forfa says:

    It used to be that people went to prison for this kind of fraud. Today, people only go to prison for stealing from the wrong people.

  17. lvent says:

    Of course the GSE’s sold the shit loans multiple times. That is how they laundered and tried to hide their FILTHY DIRTY laundry. They also used a washing machine called MERS and WALL STREET to hide the MASSIVE AND PERNICIOUS MORTGAGE FRAUD THEY ORIGINATED. That is why they mixed up and chopped up the loans, to hide the ORIGINATION FRAUD.

  18. lvent says:

    Oh yeah, it’s ALL BAD. I knew their was fraud going on at the closing table when my husband and I bought our commercial property and they never had me actually sign my name to anything, only my initials on a few pages. They hid what they did to create that Liars Loan very DECEPTIVELY. Now they have my name on the note, I never signed and that proves to me they don’t have the note.. They cross collateralized my commercial property with my home without my knowledge. Then there is MERS who were never assigned a mortgage and they have me as GRANTEE and MERS as GRANTOR. Then they have a record of Payment with the title co. as GRANTOR and the PUBLIC as GRANTEEE and a release of mortgage from MERS. I have a pretender lender PHH MORTGAGE who was never assigned the loan at the county recorder’s office,, using a STRANGE LOOKING ALLONGE and FANNIE MAE’s ATTORNEY FISHER AND SHAPIRO AS ATTORNEY FOR PLAINTIFF, PHH MORTGAGE, trying to join me and fraudclose on MERS. No assignments to MERS or the pretender lender after the loan left MERS. The bank have themselves recorded on title as AMCORE BANK N.A. MERS. What a joke. So what I see is Fannie Mae is really all of these entities though they were never assigned or recorded as such. IT LOOKS TO ME LIKE, FANNIE MAE IS HIDING BEHIND THE SCENES, BECA– USE THEY DO NOT HAVE THE NOTE OR THE CLEAN CHAIN OF TITLE TO FRAUDCLOSE AND ARE USING PROXIES TO DO THEIR DIRTY WORK AND CA– USE A DISTRACTION FROM THEMSELVES.. THAT IS MORE FRAUD. This definitely is FORECLOSUREGATE.

    • housemanrob says:

      What gets me is since fanny finally filed foreclosure on me a loan involving a low-life originator now defunct,JP Morgan Chase, PHH, Wells Fargo and Bear Stearns, they filed an answer to my interrogatories………that none of it was any of my business!!!! But upon learning that my attorney showed for court they used this excuse for extension…….”We didn’t know his lawyer would show up!!!! WHAT!! Since receiving said extension, nevertheless they refuse to answer any of the 21 interrogatories and have done nothing to pursue the case. Maybe change is coming. Meanwhile it looks lile a quieting title lawsuit is the only answer for me.

      • George Forfa says:

        The runaround is a standard corporate tactic. The bottom line her is that some clerk at the court or the county is filing false instruments. I’ve heard it over and over. We have to go after them on the filing of legal documents. Nothing moves unless the people in charge of the public trust are worried about going to jail for this crime. I suggest that you send Harmon Taylor an email and subscribe to his free newsletter.

        legal_reality@earthlink.net.

      • lvent says:

        Rob, have you uncovered any ORIGINATION FRAUD? They DO NOT have the notes. When I asked PHH for the note and other documentation last fall they sent me the note which was clearly altered after the cloisng, I have the original, they told me I asked for too many things. They sent me the copy of the note and an old payment schedule and a paragraph of the deed with our? initials scribbled on the sheet. Sure enough in the fraudclosure complaint they included the altered mortgage as EXHIBIT A which includes the forgeries and alterations with some of it blacked out. An attorney has already told me that is huge. The judge will dismiss my case and give me a clear title. Now I have to choose 1 of 2 lawyers.. In my commercial property there is also ORIGINATION FRAUD and all kinds of crazy cross collateralization and tons of other fraud. It is truly nuts. The FBI told me last fall it is the ORIGINATION FRAUD and the GSE’s are to blame for this mess. Gotta find that ORIGINATION FRAUD,

      • housemanrob says:

        Vent, There is so much fraud in my loan that it looks like a bowl of fruitloops! I have spent countless hours searching SEC edgar filings for my loans and was really shocked to find another of my securitized loans in one of these filings……….you ready?…………it was satisfied and recorded 6 YEARS AGO. I paid it off in 05.

      • housemanrob says:

        Vent, Unless your lawyer comes highly recommended (consumer advocate, caring pro), I recommend simply inerviewing HIM. Ask the pertinent questions and you will know pretty quick what he knows and if he can handle the pressure!

      • lvent says:

        When I asked the Clerk at the CROD who PUBLIC is he said it could be anybody with a smile and shrug of the shoulders.. That has to be illegal and I don’t think the clerks at the CROD did this. There is a mortgage RECORDED with my husband as Grantor to MERS with no assignment and then Chicago Title and Trust as GRANTOR with PUBLIC as the GRANTEE all on the same date after we re-fied our home loan. Then at the top they have the Grantor as my husband and the Grantee is AMCORE BANK after a release of mortgage from MERS as Grantor and my husband as GRANTEE 22 days after the the Mortgage went into MERS and Chicago Title and Trust recorded it went PUBLIC. I have the copies of the releases and they are to 2 different banks. One was CITIMORTGAGE who I never got a loan from and the other was from a line of credit that was actually released in 04 but they didnt pay it off until 07 when I refied and they used that loan I believe to cross collateralize my home with my commercial property without my knowledge. According to these releases the check and the deed were released to me and my husband but funny we never got a check. There was no deed ever recorded under the new pin they gave me without my knowledge and the ORIGINATION FRAUD is hidden under the old pin. So, I know this is confusing but all I really want to know is who is PUBLIC?? after that recording it went back on record to AMCORE BANK MERS who is now a failed a bank hiding inside of an UNSECURED, NOT FDIC INSURED TRUST BY THE NAME OF NORTH STAR. They have a Trust # on the lis pends that reverts back to our deed. They are all full of it from what I can see.

      • housemanrob says:

        Vent, Who is BOGUS ASSIGNEE or BAD BENE? These ANIMALS did not care about quality or even about deception obviously. They just kept thinking they were invincable! Look at LEE FARKAS………..said he could rob banks with a pen! Now with 30 years fed time he has to do 80%. That is 24 yrs, no exceptions. Let’s see him pick the fed prison locks………. WITH HIS PEN. Ha ha ha!

      • lvent says:

        Rob, I found out, my house has been paid off since ORIGINATION. There is NO ORIGINATION on the title. Both the deeds to my home were stamped paid not long after ORIGINATION with the recorders stamps on them. I have both of the originals. That is what I mean by we were all used as collateral for the PONZI SCHEME. The clerk at the recorders office told me, your house is paid for, you can live in it, sell it or do whatever you want with it. She told me there has never been a lien recorded against my deed in 19 years and the statute of limitations is 12. I know what you mean about the lawyers. It is a dilemma. I found out that both of these attorney went to MAX GARDNER’S SEMINAR. They are both BK attorneys. I think they are ALL playing for both teams. That is why what they told me down at the recorder’s office was so valuable. The clerk told me to have all of my i’s dotted and my t’s crossed BEFORE I go talk to a lawyer. These attorneys are incredibley deceptive, One is not from my county, the other is. The one from out of my county told me to forget about the commercial property, I already lost it. I say that is a load of b.s. There is so much fraud here and I have proof of all of the fraud and it is massive. .That commercial property was our retirement investment and I want it back. They stole that from us and I know they don’t have the note, because if they did, I never signed it. The copy of the note has my signature on it. Dam those crooks. BTW, I could never uncover anything at the SEC for either property.

      • housemanrob says:

        Vent, The more I hear about your nightmare, the more bizarre it gets! MINE are just a fraud filled mess…………..and I believe nearly all debt obligations were satified upon origination ,by the homeowners, with all the pieces of the pie these creeps stole………. not even accounting for yield spread premiums!

      • housemanrob says:

        Vent, I will only talk about this one time. My wife and I had to sell our lakefront home, a modest place, but we walked away breaking even on a Lehman, Aurora loan. It broke her heart, she loved it there, and between that and all the pressure exerted, created great stress. In excellent shape, she had a sudden massive heart attack and died where she fell. I lost my best friend………..she was 56 yrs old. From here on out, it is a vendetta for me! Be carefull of your health.

      • lvent says:

        I am soo very sorry and saddened to hear about your wife, your best friend. What an unbelievable tragedy. Evil does live behind this whole scheme. My power was out for hours last night and the internet. The stress of this mess could kill us. I worry about my sister and her husband they are in really bad financial shape. Neither one of them can find a job.Those bastards from Chase fraudclosed on them the day before the Moratorium last fall. Though she is still in her home, the lawyer she hired sounds like what he is doing for them is questionable. He keeps telling them he is buying them more time. They never even had a day in court. This is an evil tyranny.

      • lvent says:

        I am 100% with you on the vendetta. None of this is right.

      • housemanrob says:

        I know of a number of suicides that have occurred in so. fla……………….that have gone UNREPORTED and are UNKNOWN!

      • lvent says:

        I know of quite a few suicides myself.

  19. leapfrog says:

    “In case of bankruptcy, allow the entity in possession of the notes to simply transfer to another entity to be decided or themselves the notes etc… so as to keep out of the bankruptcy estate of the bankrupt creditor.”

    Like American Broker’s Conduit who filed BK in 08/2007?

    Were I to transfer property during a bankruptcy proceeding while under purview of the trustee, I would be thrown in jail and fined heavily. I’m sick and tired of separate rules for the bankster scum.

  20. leapfrog says:

    “So… here he is… Marc Dann, Ohio’s former Attorney General talking about the foreclosure crisis and specifically about what’s happened in Hawaii since the legislature passed SB 651, the toughest foreclosure law in the country… and since Fannie Mae announced that they would not participate in the state’s non-judicial foreclosure process as a result of the new mandatory mediation component. Marc explains what he thinks drove Fannie’s controversial decision… and a whole lot more.

    Marc Dann is on the front lines of the ballte against the banksters and you’ll want to hear what he has to say about where we’ve been, where we are today… and where we’re headed from here.”

    http://mandelman.ml-implode.com/2011/06/ohios-former-ag-marc-dann-talks-hawaii-fighting-banks-a-mandelman-matters-podcast/

Trackbacks
Check out what others are saying...


Leave a Reply