100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION

100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION

By LYNN E. SZYMONIAK, ESQ., ED., Fraud Digest (www.frauddigest.com)

LISA EPSTEIN, www.foreclosurehamlet.org

PREPARED FOR OCCUPY PALM BEACH

1. Most mortgages in the U.S. are owned by trusts.

2. The trusts are often referred to as “RMBS” trusts, an acronym standing for “residential mortgage-backed securities.”

3. The total U.S. mortgage debt is between $12 and $14 trillion. Of this, approximately $8 trillion was owned by trusts in 2008.

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Why is it important to learn about mortgage securitization?

Reason #1: Most of the foreclosures filed in the U.S. in the last 5 years were filed by mortgage-backed trusts. Most of the foreclosures filed in the next 5 years will be filed by mortgage-backed trusts.

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4. The trusts are made up of a bundle or pool of mortgages (often 5,000 – 8,000 mortgages per trust). The loans are almost always subprime loans. The value of the mortgages in each trust is usually between $500,000 and $2 billion.

5. Individual mortgages got packaged into RMBS Trusts; these RMBS trusts got bundled, sliced and sold as CDOs – collateralized debt obligations.

6. The mortgage loans in each pool – or RMBS Trust – usually include both first lien and second lien loans, and fixed-rate and adjustable rate loans.

7. There are different “layers” within each pile of loans, representing different qualities of loans. It is not unusual for each pile to have as many as 20 different layers – these layers are sometimes called classes or “tranches.”

8. Certificates are issued to investors to represent the purchase – so investors are often called “certificate holders.”

9. There are often minimum investment requirements – such as “Offered certificates must be purchased in minimum total investments of $100,000 per class.”

10. The loans are selected for each pool by a particular date, often called the “closing date” of the trust. Some trusts include a schedule or listing of all of the loans in the trust by the closing date. While a trust may substitute loans into the pool after the closing date, there are restrictions on such substitutions.

11. The pool of loans is described in a “prospectus” – a printed document that describes the business enterprise that is distributed to prospective buyers, investors and participants (similar to the glossy brochure distributed by new car dealers describing the features of the car.”

12. Many representations (promises) are made to the potential buyers regarding the loans in each pool in both the prospectus and the Pooling and Servicing Agreement (described more fully below). The following, for example, are taken from the prospectus for Soundview Home Loan Trust 2006-OPT2:

Mortgage Loans with Prepayment Charges:

74.60%

Fixed-Rate Mortgage Loans:

15.61%

Second lien Mortgage Loans:

4.18%

Interest Only Mortgage Loans:

16.94%

 

Range of Remaining Term to Stated Maturities:

116–360 Months

Weighted Average Remaining Term to Stated Maturity:

357 Months

Range of Original Principal Balances:

$15,000–$1,620,000

Average Original Principal Balance:

$201,215

 

Range of Current Mortgage Rates:

5.350%–14.30%

Weighted Average Credit Score of the Mortgage Loans:

622

Weighted Average Current Mortgage Rate:

8.49%

Weighted Average Gross Margin of the Adjustable-Rate Mortgage Loans:

6.50%

Weighted Average Maximum Mortgage Rate of the Adjustable-Rate Mortgage Loans:

14.43%

Weighted Average Minimum Mortgage Rate of the Adjustable-Rate Mortgage Loans:

8.42%

Weighted Average Initial Rate Adjustment Cap of the Adjustable-Rate Mortgage Loans:

2.99%

Weighted Average Periodic Rate Adjustment Cap of the Adjustable-Rate Mortgage Loans:

1.00%

Weighted Average Months Until Next Adjustment Date for the Adjustable-Rate Mortgage Loans:

25 Months

 

Geographic Concentration in Excess of 5%:

California:

26.02%

Florida:

11.81%

New York:

10.90%

New Jersey:

5.80%

Massachusetts:

5.10%

 

SOME OF THE LAWS INVOLVED IN RMBS TRUSTS

13. In 1960 the government enacted the Real Estate Investment Trust Act of 1960. This act allowed the creation of the real estate investment trusts (REIT) to encourage real estate investment.

14. In 1984 the government passed the Secondary Mortgage Market Enhancement Act (SMMEA) to improve the marketability of REITS.

15. The Tax Reform Act of 1986 allowed the creation of the tax-free Real Estate Mortgage Investment Conduit (REMIC) special purpose vehicle for the express purpose of issuing pass-through investments.

16. The Tax Reform Act significantly contributed to the savings and loan crisis of the 1980s and 1990s that resulted in the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA), which changed the regulation of the savings and loan industry and encouraged loan origination.

17. Investors invest in a pool of mortgage loans. As homeowners pay of the underlying mortgage loans, the investors receive payments of interest and principal. These payments are usually made monthly or quarterly.

18. There are special tax rules that apply to these trusts. Because the money coming in to the trusts is passed through to investors, the trusts are not required to pay tax on the money that flows into the trusts (the mortgage payments from homeowners). Investors pay tax when they receive their return on the investments.

19. RMBS Trusts are securities; the Securities and Exchange Commission regulate mortgage-backed trusts.

20. On January 7, 2005, the SEC published Regulation AB, a final rule to codify requirements for the registration, disclosure and reporting for all publicly registered asset-backed securities including mortgage-backed securities. Regulation AB consists of 24 “Items” relating to the operation and reporting requirements for mortgage-backed trusts. There have been numerous revisions to Regulation AB.

21. RMBS Trusts also have special tax consequences; the IRS also regulates RMBS Trusts.

22. The majority of mortgage securities were issued by the U.S. government, by the Government National Mortgage Association (Ginnie Mae) or by government-sponsored entities (GSEs) such as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). These entities also very often guarantee some or all of the loans in RMBS trusts.

23. The vast majority of the RMBS trusts were created between 2004 and 2008.

24. The revenue from the trusts are predicted (but not guaranteed) to last for 25 – 30 years.

25. Servicers are paid by monthly fees from the trusts usually by a formula – for example: “Servicer will be paid a monthly fee equal to one-twelfth of 0.30% multiplied by the Aggregate Principal Balance of the mortgage loans as of the first day of the related due period for the first 10 due periods…0.65% for all due periods thereafter.”

26. The Servicer may purchase all of the loans and any REO properties and “retire the certificates” (end the payments) when the total loan balance equal or is less than 10% of the original loan balance.

27. Typical representations made to investors:

  • the credit scores for at least 5,000 of the 7,500 loans in the trust will be above 600;
  • at least 7,000 of the 7,500 loans will not mature for at least 355 months;
  • at least 5,500 of the loans are for single-family detached homes;
  • at least 6,500 of the 7,500 loans will have been made to homeowners who will use the homes as their primary residence;
  • the average combined loan-to-value ratio of the loans was 77% (the loan was made for only 77% of the value of the home);
  • at least 5,000 of the 7,500 loans were full documentation loans;
  • the current mortgage rates for at least 70% of the loans were between 7% and 10%.

28. Servicers also are responsible for issuing periodic reports to investors advising of the performance of the loans in the trust (investor reports).

29. Mortgage loans were classified as follows:

  1. full documentation;
  2. stated income documentation;
  3. no documentation;
  4. lite documentation;
  5. business bank statements.

30. Some of the major producers of RMBS Trusts from 2004-2007 included:

  • Lehman Brothers
  • Morgan Stanley
  • Credit Suisse
  • Merrill Lynch
  • Deutsche Bank
  • Goldman Sachs
  • Bear Stearns
  • JPMorgan
  • CitiGroup
  • Barclays

31. The names of trusts often contain short-hand information regarding that particular trust. GSAMP Trust 2006-S3, for example, stands for Goldman Sachs Alternative Mortgage Products Trust, created in 2006. Other examples:

CWALT is shorthand for Countrywide Alternative Loan Trust.

CWABS is shorthand for Countrywide Asset-Backed Securities.

Other trusts have friendly names such as Harborview or Soundview.

32. The three biggest mortgage companies in the U.S. in 2005 were:

  • American Home Mortgage in Melville, NY
  • Countrywide Mortgage in Calabasas, CA
  • Option One Mortgage Corporation in Irvine, CA

Almost all of these loans were bundled into RMBS trusts. Other mortgage companies that were major producers of mortgages for RMBS trusts included:

  • Ameriquest Mortgage, a/k/a Long Beach Mortgage Company
  • Citi Residential Lending
  • Dietech (owned by GMAC)
  • Fairbanks Capital
  • Fremont Investment & Loan
  • GMAC Financial
  • New Century Mortgage Company
  • NovaStar Financial

This is a very short list – there were many, many other big lenders.

33. There are 5 major groups involved in securitization: originators, depositors, sponsors, master servicers and trustees.

34. The companies that make the loans, the mortgagee, are known as the ORIGINATORS in the securitization process.

35. Loan originators often sold the loans to depositors the very same day that these loans were made or within just a few days of the closing date of the loan.

36. Loan originators very often did not lend their own money to the homeowner/borrower. The originators were often financed by “warehouse lenders.” These warehouse lenders were financial institution that extended a line of credit to the originator to fund a mortgage. The loan typically lasted from the time it was originated until it was sold into the securitization market.

37. The companies that select the loans from the various mortgage companies and sell the loans to the trusts are called the Depositors.

38. The companies that direct the creation of the trusts are called the Sponsors.

39. The companies that are responsible for continuing to collect payments on the loans, notifying delinquent mortgagees, foreclosing on collateral (if any), performing data processing functions, preparing periodic reports to investors and Rating Agencies and taking other actions are called the servicers. The Servicer is often also an affiliate of the Originator. Servicing is often the most lucrative role in securitization.

40. The companies (banks) that operate the trust after it is created are called the Trustees. Duties of the trustee for an ABS transaction typically include:

  • Receiving and releasing assets
  • Receiving data and collections from servicers
  • Remitting funds
  • Distributing reports to investors

Trustees have the authority – but typically are not required – to take action to enforce breaches of representations and warranties.

41. Approximately eight big banks serve or served as Trustees for the majority of trusts: Bank of America, Bank of New York Mellon, Citibank, Deutsche Bank National Trust Company, GMAC/Ally, HSBC Bank, JP Morgan Chase and Wells Fargo.

42. Bank of New York Mellon is the world’s largest custody bank, with $26 Trillion in assets under custody and administration. (Reuters, February 16, 2012, “U.S. SEC pressures BNY Mellon for better disclosure.”)

43. Trustees do not keep the mortgage documents themselves – they hire other banks to serve as Document Custodians. Example: Wells Fargo serves as Document Custodian for most of the Deutsche Bank trusts.

44. In most trusts, a bank other than the Trustee Bank or the Document Custodian Bank, serves as Master Servicer. The operation of most trusts, therefore, involves three banks, serving in different roles.

45. Trustees frequently change, in part due to bank failures and mergers.

46. Each trust has a set of rules, set forth in a document called the Pooling and Servicing Agreement or PSA. A PSA, or similar agreement, is the governing document of a securitization transaction. Such an agreement sets forth the relationship among the parties and the assets, including, for example, the capital structure of the transaction, the eligibility criteria for the assets, the manner in which cash flows from those assets are to be distributed to note holders, and the definitions for an event of default.

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Why is it important to learn about mortgage securitization?

Reason #2: The major investors in RMBS Trusts are pension funds, banks, insurance companies and state and local governments. The fate of the economy is inextricably tied to the fate of mortgage-backed trusts.

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47. The PSA for every trust includes many provisions regarding the loan documents that the trust must obtain and safeguard in a “mortgage file.” These documents almost always include the promissory note, endorsed in blank or to the trust, the mortgage, an assignment of mortgage to the trust and a title insurance policy.

48. Mortgage-backed trusts include the following or equivalent language regarding Assignments: “Assignments of the Mortgage Loans to the Trustee (or its nominee) will not be recorded in any jurisdiction, but will be delivered to the Trustee in recordable form, so that they can be recorded in the event recordation is necessary in connection with the servicing of a Mortgage Loan.

49. The SEC is the major source of information about a particular trust. Information usually available from the SEC about each trust includes the Prospectus, the Pooling and Servicing Agreement, and Annual Reports.

50. Each Prospectus and PSA includes promises to investors about the quality of the loans and the loan documentation. These promises are called Representations and Warranties.

51. Key representations and warranties concern origination, servicing, underwriting standards, due diligence, and related documentation. The PSA usually limits the rights of investors to sue for breaches of these representations and warranties. The Depositor typically makes representations and warranties to the Trustee in the PSA in which mortgage loans are conveyed.

52. Investors and insurance companies began to file major lawsuits against trust creators in 2009.

53. The most common claims against the creators of trusts include the following:

Failure to disclose risks such as failure to disclose loans in default at time of closing;

Disregard of underwriting guidelines such as disregard of LTV guidelines, or debt-to-income ratios; and

Failure to conduct due diligence such as representing that due diligence was performed when it was not.

54. The PSAs usually include anti-lawsuit provisions that limit the circumstances under which a lawsuit may be filed against the trust creators. Example:

Greenwich Fin. Svcs. Distressed Mortgage Fund 3, LLC, et al. v. Countrywide Fin. Corp. (NY Supreme Court, Oct. 2010).

Complaint was dismissed because plaintiffs did not comply with anti-suit provision that required certificate-holders to (1) make a demand upon the Trustee on behalf of 25 percent of the certificate holders, (2) offer Trustee proper indemnity, and (3) wait 60 days for Trustee to commence lawsuit.

55. Examples of major lawsuits against trust creators include the following:

MBIA v. Morgan Stanley (New York State Court May 26, 2011)

MBIA alleged that it was defrauded into insuring mortgage loans, and presented evidence that 97% of the loans in a sample did not meet stated underwriting criteria.

The court found that plaintiff adequately pled “material and pervasive non- compliance with the Seller’s underwriting Guide and the mortgage loan representations.”

Boilermakers Nat’l Annuity Trust Fund v. WAMU Mortgage Pass-Through Certificates, Series AR1 (W.D. Wash. Sept. 28, 2010)

Plaintiff alleged that defendant failed to disclose that mortgage loans were not originated in accordance with underwriting guidelines, resulting in violations of the Securities Act of 1933.

The court found that Plaintiff had adequately pled facts suggesting that underwriting standards were abandoned.

Syncora Guarantee Inc. v. EMC Mortgage Corp. (S.D.N.Y. March 25, 2011)

Syncora, which provided a financial guarantee to investors in RMBS, filed a lawsuit seeking to require EMC (the seller of the mortgages underlying the RMBS) to repurchase the loans on a pool-wide basis.

Syncora alleged that a sample of 400 mortgage loans had 85% breaches. Syncora also demanded that EMC cure breaches in 1300 loans; EMC acknowledged only 20 breaching loans.

56. RMBS Trusts have ratings, like many other securities.

57. Allegations have been made that the trust creators manipulated the ratings.

China Development Industrial Bank v. Morgan Stanley & Co. (Sup. Ct. N.Y. Feb 25, 2011).

CDIB alleged that Morgan Stanley manipulated the rating agencies’ models.

In denying Morgan Stanley’s motion to dismiss, the court noted that the alleged corruption of the ratings process “could not have been discovered by any degree of due diligence or analysis performed by the most sophisticated of investors.”

58. Some lawsuits have focused on the undisclosed involvement of “short” parties in the loan selection process:

SEC v. Goldman Sachs & Co. (S.D.N.Y. decision June 10, 2011)

The court declined to dismiss federal securities fraud claims against Goldman employee (Tourre) based on Goldman’s alleged failure to disclose to CDO investors that a hedge fund strongly influenced collateral selection while it was it was “shorting” the CDO.

SEC v. J.P. Morgan Securities LLC (S.D.N.Y. complaint June 21, 2011)

The SEC simultaneously sued and settled with JPM for $153.6 million. The SEC alleged in its complaint that JPM arranged and sold a CDO to investors while representing “that the investment portfolio of [the CDO] was selected by the [CDO’s collateral manger]” but failed to disclose that a hedge fund with a $600 million short interest in the CDO “played a significant role in the portfolio selection process.”

59. At least one lawsuit by investors has focused in part upon the trusts’ failure to obtain and keep the original loan documents as promised to investors.

Oklahoma Police Pension and Retirement System v. U.S. Bank National Association (S.D.N.Y. complaint Nov., 2008)

60. Courts may pay strict attention to the many disclaimers in the Prospectuses and the PSAs.

Plumbers’ Union Local No. 12 Pension Fund, et al. v. Nomura Asset Acceptance Corporation (D.Ma. complaint Jan. 31, 2008)

With respect to the plaintiffs’ allegations concerning the mortgage originators’ underwriting standards, District of Massachusetts Judge Richard G. Stearns found that the offering documents contained a “fusillade of cautionary statements” that “abound with warnings about the potential perils.” Judge Stearns noted that plaintiffs’ contention that they were not “on notice” of those perils “begs credulity.” (This was reversed, in part, on appeal.)

61. Regulation of RMBS Trusts by the SEC was done almost solely on the honor system. The trusts prepared reports and filed these with the SEC, and almost no verification of these reports was done by the SEC.

62. The trusts were continually down-graded by the rating agencies.

63. Current investigations by the Federal Task Force co-chaired by New York Attorney General Eric Schneiderman are focusing on whether there were criminal violations in the packaging of these loans, and criminal acts by servicers relating to foreclosures by the trusts

64. Many of the people now responsible for investigating the creation and operation of trusts were previously involved in the creation and operation of these trusts. Example: Robert Khuzami, Director of Enforcement for the SEC, was previously General Counsel for the Americas for Deutsche Bank from 2004-2009. Khuzami thus supervised Greg Lippman, a senior trader at Deutsche, who helped create and fuel the market for mortgage-backed securities.

65. Greg Lippman was perhaps the most famous of all traders who made tens of millions of dollars betting AGAINST the continued strong performance of the U.S. housing market. He has been singled out for his misconduct in Congressional reports. He is known for being brash, crass and unscrupulous.

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Why is it important to learn about mortgage securitization?

Reason #3: The RMBS Trusts now own more homes in most counties than any other property owner.

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66. The majority of trusts have less than 40% of performing loans remaining in the trusts. This means that most trusts will stop producing income for investors about 20 years sooner than expected.

67. A study of 37 trusts from three popular series of trusts, American Home Mortgage Assets Trusts, American Home Mortgage Investment Trusts and Soundview Home Loan Trusts, showed the following:

Of the 37 trusts, 18 had 25% or less of performing loans remaining.

Of the 37 trusts, 8 had 26% – 30% of performing loans remaining.

Of the 37 trusts, 11 had 31% – 38% of performing loans remaining.

There were a combined total of 228,203 loans in these trusts at inception.

As of November, 2011, there were a combined total of 51,798 (22.7%) performing loans in these trusts.

The combined collateral value of the loans in these trusts at inception was over $61 Billion: $61,441,128,225.

Of the 37 trusts, Soundview Home Loan Trust 2007-OPT5 had the highest percentage of performing loans remaining in the trust: 38%. American Home Mortgage Assets Trust 2005-2 had the lowest percentage of performing loans remaining in the trust: 10.5%.

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THE INVESTORS IN MORTGAGE-BACKED TRUSTS

68. Investment banks invested heavily in mortgage-backed securities. Example: Merrill Lynch reported on January 17, 2008, an $8.6 billion net loss from write-downs on its subprime investments.

69. Pension fund managers, public and private, invested heavily in mortgage-backed securities. Ohio’s former Attorney General Richard Cordray filed 8 major lawsuits, and to date has recovered over $2 billion for Ohio pension funds.

70. Insurance companies were major investors in RMBS trusts. The National Association of Insurance Commissioners recently estimated that insurance companies have investments of half a trillion dollars in mortgage-backed securities.

71. Local governments, counties and municipalities invested heavily in mortgage-backed securities.

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LIES TOLD TO INVESTORS

72. The information in the prospectuses and the PSAs was often false. The average credit scores of borrowers in the loan pool were much lower than represented. There were many more “no documentation” or “stated income” loans than disclosed. There were much fewer “full documentation” loans than disclosed.

73. The information about the loan to value ratios was often also falsely stated. Home values were inflated during appraisals to make it appear that there was a much higher homeowner investment/equity in the home.

INACCURATE/FALSE INFORMATION IN INVESTOR REPORTS

74. The investor reports often contain inaccurate and false information about the loans in the trust.

75. The status of the loans is often wrongly reported in the investor reports. Loans may be reported as delinquent, in foreclosure, in bankruptcy, or trustee-owned when the records of the clerk of the court indicate a different status for these same loans.

76. The investor reports often do not disclose that a loan/home has been sold to a new buyer through short sale or foreclosure auction.

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TRUSTS AND FORECLOSURES

77. Most trustees and trust servicers refuse to modify trust-owned loans and instead foreclose whenever a loan is 90-days delinquent.

78. Most trustees use high volume, low quality law firms (“foreclosure mills”) to foreclose.

79. The law firms used by the trusts are often dictated by a list of “approved” law firms selected by FANNIE and FREDDIE.

80. According to a New York Times report in October, 2011, Fannie Mae learned as early as 2003 of extensive foreclosure abuses among the law firms it had hired to remove troubled borrowers from their homes. Fannie Mae did little to correct the firms’ practices.

81. Fannie Mae and Freddie Mac approved law firms included some of the worst of the worst such as New York’s Steven Baum law firm (where employees at a firm Halloween party dressed as homeless people) or Florida’s Law Offices of David Stern where employees signed tens of thousands of documents to use as proof in their own foreclosure cases.

82. Fannie Maw and Freddie Mac gave incentives to law firms for the speed of foreclosures, with a pervasive disregard for legal requirements and honest practices.

83. Fannie and Freddie auditors may have themselves received incentives from the law firms they hired including expensive tickets to sporting events and elaborate restaurant meals to give law firms advance notice of audits and the files that would be audited.

84. In hundreds of thousands of other cases, the servicers for trusts used an outside vendor, Lender Processing Services (LPS), to handle their foreclosures.

85. LPS maintains a network of lawyers similar to the Fannie Mae and Freddie Mac approved lawyer vendor list. LPS has been accused by bankruptcy trustees and private litigants of requiring participating lawyers to kick-back fees to LPS from foreclosures.

86. The servicers often run-up costs when a loan in a trust goes in to foreclosure by greatly over-insuring the property, and adding monthly maintenance fees (often for services not performed) and appraisal fees. All of these fees are subtracted from any money that eventually goes to the investors after the foreclosure is complete and the property is resold.

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TRUSTS, MORTGAGE LOAN DOCUMENTATION & OTHER AB– USES

87. In foreclosures, many trusts use(d) law firms and process servers that have been discredited because of fraudulent documents.

88. Although all states require that the homeowner by served with foreclosure documents at the start of the foreclosure, certain process serving companies often used by trusts engage in a practice known as “sewer service” where the homeowners are never actually served with the papers. (The term refers to foreclosure documents left in the sewers in front of homes.)

89. In many other foreclosures by trusts, the process server has falsely stated that the homeowner was not in active duty military service when the homeowner was actually a service member on active duty service in Iraq or Afghanistan.

90. Renters were also never told about a pending foreclosure of the home they were renting, although such notice and opportunity to be heard was required in almost every state. This home deterioration was so extreme that some municipalities filed lawsuits against trustees accusing trustees of being slumlords. This widespread failure to protect the homes (the trust assets) further drove down neighborhood home values, further deteriorating the value of the loans/homes in the trust.

91. Sales of foreclosed properties were often held without complying with state laws requiring advertising such sales so that the maximum price could be obtained for the homes, lessening any loss to investors.

92. Vacant homes were not protected or maintained, causing extreme loss of value of the homes as they were often looted and vandalized.

93. Many trusts never obtained the mortgage documents that were supposed to have been in the mortgage file kept by the document custodian. Endorsed notes and mortgage assignments were often missing from the mortgage files kept by the Document Custodian for the trusts.

94. In the case of many loans that were supposed to haven been registered with the Mortgage Electronic Registration Systems (“MERS”), showing the trust as the owner of the loan and mortgage, no such registration was made and the loan remained registered in the name of the loan originator.

95. Where loan documents were missing, many trusts concealed the missing documents problem, or missing MERS registration problem, by filing “replacement” documentation with the county registers of deeds and clerks of the courts.

96. In possibly thousands of cases, the ownership by the trust is never disclosed. The foreclosure is brought in the name of the originator even though the loan was only owned by the originator for a few hours, days or weeks.

97. In the case of MERS, many trusts changed the ownership of mortgages on the MERS registry to falsely reflect that the Trust acquired the mortgage at or about the time that the loan defaulted.

98. In possibly thousands of cases, the endorsements on notes have been falsified showing an endorsement in blank or an endorsement to the trusts when no such endorsement was ever obtained from the loan originator.

99. In hundreds of thousands of foreclosure cases nationwide, false fraudulent and often forged mortgage assignments to trusts were prepared and filed solely to give the trusts a legal advantage in the foreclosure litigation.

100. A major investigation of the abuses in mortgage securitization was announced in the 2012 State of the Union address.

~

4closureFraud.org

Comments
60 Responses to “100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION”
  1. lvent says:

    ATTENTION..JOE GAFFNEY, READDOCS… AND ANYONE WHO DOUBTS WE ARE ALL LIVING A VAST AND WELL PLANNED, VERY EVIL CONSPIRACY ALL INSTITUTED BY TRAITORS FROM WITH IN OUR OWN GOVERNMENT …AKA….CONGRESS AND THE SENATE…I AM GOING TO TRY AND POST THIS YOU TUBE VIDEO BY WILLIAM COOPER FROM ALL OF THE WAY BACK ON 1-18-1993….WATCH AND LEARN THE TRUTH ABOUT WHY THE UN FEDERAL RESERVE IS THE BIGGEST SCAM EVER INSTITUTED UPON THE AMERICAN PEOPLE IN THE YEAR 1914….WHO CONNED THE CONgress AND THE SENATE…AND THEREFORE THESE TRAITORS IN CONGRESS AND IN THE SENATE ARE WHO COMMITTED THIS ACT OF TREASON UPON THE AMERICAN PEOPLE AND THE UNITED STATES OF AMERICA…..AND WE ARE ALL AS A DIRECT RESULT OF THAT TREASON RIGHT NOW…. LIVING THE CRIMINAL ELITES… EVIL ENDGAME HITLER PLAN TO THEIR MASSIVE EVIL CONSPIRACY… RIGHT NOW….!! THE UN FEDERAL RESERVE CURRENCY IS COUNTERFEIT AND WE THE PEOPLE ARE WHO PAY FOR AND FUND EVERTHING THAT THEY DO……AND ALL THEY DO IS ISSUE COUNTERFEITS IN PLACE OF OUR STOLEN, HIJACKED WEALTH….. IF THE VIDEO DOES NOT POST…YOU TUBE SEARCH THE WORDS….WILLIAM COOPER THE FEDERAL RESERVE….

    • lvent says:

      MUST WATCH THE ABOVE POSTED YOU TUBE VIDEO…EVERYTHING IS A MASSIVE FRAUD…..!!

    • lvent says:

      J. ALONZO, HERE IS THE VIDEO POSTED ABOVE THAT YOU MUST WATCH TO UNDERSTAND WHY RON PAUL IS NOT BEING COMPLETELY HONEST WITH YOU OR THE AMERICAN PEOPLE AND THAT IS WHAT IS SO DANGEROUS ABOUT RON PAUL…BECA– USE THAT IS WHAT THE FREEMASONS DO…AND THAT IS EXACTLY WHAT OBAMA DID AND IS STILL DOING…THERE IS NOT ONE POLITICIAN WORTH OF MY VOTE….I LOVE THIS COUNTRY AND REF– USE TO VOTE FOR FASCISM AND DEPPRESSION…BROUGHT ON BY MORE SECRETS, LIES, DECEPTIONS AND FRAUD……INSTEAD OF TRYING TO SHOOT ME J. ALONZO….AND TURNING AGAINST ME, …I HAVE SPOKEN NOTHING BUT THE TRUTH …AND ALL OF WHAT I SAY CAN BE VERIFIED…..SO J. ALONZO…., WHY DONT YOU ASK RON PAUL THE TOUGH QUESTIONS..LIKE IS HE A FREEMASON…AND WILL HE ISSUE OUR OWN CURRENCY…U.S. BANK NOTES…BACKED BY OUR OWN STOLEN AND RECOVERED NATURAL RESOURCE REVENUES….AND DO YOUR OWN HOMEWORK… I AM NOT RUNNING FOR PRESIDENT, RON PAUL IS…RON PAUL HAS WOKEN UP ALOT OF PEOPLE AND I GIVE HIM CREDIT FOR THAT, BUT , HE IS NOT BEING COMPLETELY HONEST,…..AND NOT ONE OF THEM ARE…AND THAT IS THE HONEST TRUTH….AND THAT IS WHERE THEIR DECEPTION LIES ….HALF TRUTHS…THEY ARE A FREEDOM AND INDEPENDENCE KILLER…JUST LOOK AT WHERE WE ARE BY OBAMA, BUSH AND CLINTON, THE OTHER BUSH, AND REAGAN ALL DID THESE VERY SAME THINGS …HALF TRUTHS AND DECEPTIONS ….PUT ALL OF US HERE…!! THEY ARE ALL VERY SKILLED SNEAKY LIARS, DECEIVERS, FRAUDSTERS… AND TRAITORS…!!!!

      • lvent says:

        PLEASE EVERYONE, WATCH THE ABOVE POSTED VIDEO ENTITLED THE FEDERAL RESERVE BY WILLIAM COOPER…SHARE AND SPREAD THIS MESSAGE AND THIS VIDEO WITH EVERYONE THAT YOU CAN…!

      • lvent says:

        J. ALONZO..I dont know where you are gathering your information in regards to me from…but I never defend King Obama or his wife, Michelle Antoinette….OR THEIR GLOBALIST IDIOTOLOGIES….BUT I DO SAY THAT THEY ARE NOT THE ONLY NAZIS HERE….CONGRESS AND THE SENATE AND THE LEGISLATORS ARE THE BIGGEST TRAITORS TO AMERICA AND HAVE BEEN SINCE THEY AND THEIR MINIONS AND COHORTS UNCONSTITUTIONALLY AND ILLEGALLY INSTITUTED THE FEDERAL RESERVE BANK IN 1914……

  2. sierra7 says:

    Great list!
    What I’ve not read in the comments is where the failing responsibilities of the corrupt two party (major) system has led this country in the past 30 years….ie…..the crushing of American labor, thereby reducing wages forcing those who wished to participate in the great, “American Dream”, succumb to using debt (credit) to sustain an unsustainable lifestyle (as compared to a “quality of life”).
    Both political parties participated not only in the crushing of labor to a world level playing field, which is still ongoing by the way, but passed legislation assisting the monied classes to help plunge those same displaced, lesser paid folk into a deep pool of debt.
    The myth of deregulation coupled with the creeping dismantling of important rules and regulation of the financial industry such as Glass/Steagall hammered the final nails into the coffin of the, “Great American Dream”.
    Banks exist to make money, not to make friends.
    Consumers exist as markets, not as a benevolent institution for good….but to be “maniacal consumers” only; forget the Bill of Rights, the Constitution, or “fair play”.
    Which leads me to the finality of the most egregious violation of all:
    The crushing of the matter of “Trust” between consumer, bank, financial houses, legal institutions, courts, and corrupt politicians.
    Our system is supposed to be built on trust; that is now completely gone…..pointedly since 2007 when it was really apparent that the banks didn’t even trust each other and stopped lending to each other (repos) and the system froze.
    Unfortunately incoming President Obama rode into the WH with the economic “B” team; he rejected the “A” team…consisting of Volcker, Tyson, Reich, (maybe Brooksley Born) and others who were poised to give this mess some “tough love”. Obama went with those muck thinkers: Summers, Rubin, Geithner, etc…..really 2nd rate performers. We now are paying dearly for those mediocre thinkers. No guts, no glory!
    We chose the path of Japan in the 1990’s; throw money at the problem…..low interest rates, prop up the banks…etc…..
    We need to re-install Glass/Steagall probably with a good “Volcker Rule”, break up the largest banks; reinforce community and state banks and credit unions…..most of all….let’s expedite some prosecutions of the most egregious cases and put some of these crooks in jail….
    Our system is like a game; either we have enforceable rules or we have chaos……..it’s time for all of us (you) to join an OCCUPY your town……..

  3. Mary says:

    is there ANY chance in hell of getting restitution once the bank illegally forecloses? Even if you have documents absolutely proving they have no standing? Are we all just shit out of luck once foreclosure commences?

  4. lvent says:

    I am going to try and post a very informative you tube video by William Cooper…it is from way back in the mid nineties but is so relevant to today it is unbelievable…You could very easily change the politicans names to the current day names and Bill Coopers words would be as if he were speaking them today…Allof Bill Coopers you tube videos are very informative and very eye opening….If you do not know who Bill Cooper was, he was an ex-Navy intelligence officer who blew the whistle on many of the criminals in History and told the truth about all of their evil plans for mankind..with FACTS AND DOCUMENTS to PROVE what he was speaking was the whole truth and nothing but the truth…..Bill Cooper blew the whistle on who committed the JFK assassination and predicted 9/11 before it happened and warned they were going to do something big and terrifying against the American People in order to steal our rights…Bill Cooper was murdered in cold blood in Nov of 2001…may he rest in peace..he was a true American Patriot and one of the first American whistleblowers and truth tellers to speak candidly and publicly THE TRUTH about this monolithic NWO GLOBALIST conspiracy to steal our Freedom…….! If the youtube video for some reason does not post, you can youtube search the title…WILLIAM COOPER REALITY CHECK: (FULL LENGTH)….

    • lvent says:

      Awesome..!! The video posted..!!! It is a must watch,share and spread this video or this information with everyone that we can…! God Bless America…!

  5. lvent says:

    My local news in Chicago… reporting some REAL NEWS this morning..! Praise God..!! MY HERO… Cook County Sheriff Tom Dart is calling out the NAZIS…GOVERNOR QUINN and CHICAGO MAYOR RAHM EMANUEL about how they want to close down area MENTAL FACILITIES en masse in order to cover up for 35 years of CORRUPTION and MISSING TAX PAYER MONEY……Sheriff Dart saying all of those MENTAL PATIENTS are going to end up in his care in COOK COUNTY INCARCERATION..because there is no where else to put them and that is going to wreak havock on the CROOK COUNTY JAILS….!!! Cook County Sheriff Tom Dart is THE ONLY SHERIFF IN THE COUNTRY IF YOU REMEMBER….THAT TOLD THE TRUTH ABOUT THE CROOKS ON CNN AND SPOKE THE TRUTH…THAT THE BANKSTERS DO NOT EVEN HAVE THE NOTES…..!!! SHERIFF TOM DART NOW SAYING HE WANTS TO SUE THE STUPID GOVERNOR AND THE STUPID MAYOR….LMAO…!!!!! I LOVE THAT MAN…! WE NEED MORE MEN AND WOMEN LIKE COOK COUNTY SHERIFF TOM DART WHO IS A TRUE AMERICAN PATRIOT……!!!! COOK COUNTY SHERIFF TOM DART FOR PRESIDENT …2012…!! LETS ALL WRITE HIM IN…….!! THERE ARE ARE FAR TO FEW TRUE AMERICAN PATRIOTS LIKE COOK COUNTY SHERIFF TOM DART WHO HAVE HIJACKED AND ARE RUNNING THIS COUNTRY INTO THE GROUND……!!! THESE CROOKED POLITICIANS AND THEIR MINIONS AND COHORTS…. HAVE NO MORALS….THAT IS THE REAL PROBLEM HERE IN AMERICA…..THEY ARE ALL MORALLY BANKRUPT CORRUPT, GREEDY CRIMINAL BASTARDS…….!!! TIME TO EXPOSE THEM ALL.. AND IT IS TIME FOR SOME TRUE AMERICAN PATRIOTS TO REMOVE THEM ALL…… INCLUDING THE FEDERAL RESERVE BANK…AND REPLACE THEM AND ALL OF THEIR FRAUD…BY RESTORING OUR U.S. CONSTITUTION TO ITS ORIGINAL FORM…AND ISSUING OUR OWN U.S. CURRENCY…AS THE U.S. CONSTITUTION REQUIRES…U.S. BANK NOTES BACKED BY OUR OWN HIJACKED, STOLEN WEALTH…ISSUED VIA STATE BANKS…THAT WILL INSURE OUR FREEDOM, INDEPENDENCE, PROSPERITY, JUSTICE, LIBERTY AND OUR NATIONAL SOVEREIGNTY…! GOD BLESS AMERICA….!!! WE WILL OVERCOME…!!

    • lvent says:

      TIME FOR THE AMERICAN PEOPLE TO RETAKE CONGRESS, THE SENATE …ALL OF THE STATE HO– USES…AND LEGISLATIVE BRANCHES…AS WELL AS SITTING ON OUR BENCHES AS JUDGES….AND PUT THIS COUNTRY BACK ON THE RIGHT TRACK IN 2012….!!! WE NEED MANY MORE JOE THE PLUMBERS AND MATT WEIDNERS AND LISA EPSTEINS AND NEIL GARDNERS AND MICHAEL REDMANS AND YVES……ETC…. IN WASHINGTON AND IN OUR STATE, COUNTY AND LOCAL GOVERMENTS…..!! THAT WILL BE BRING THE MUCH NEEDED EXECUTION TO THIS UNCONSTITUTIONAL AND ILLEGAL TYRANNY……!!!

      • lvent says:

        LETS ALL GET ON BOARD WITH THE IDEA THAT I POSTED ABOVE…THIS IS WHAT THE UNITED STATES OF AMERICA REALLY NEEDS…SOME REALLY HONEST AMERICAN PATRIOTS…RUNNING THIS COUNTRY…STARTING IN 2012…..!! LETS KEEP ON EXPOSING ALL OF THESE CROOKS AND THEN IN 2012 WE THE PEOPLE WILL THROW ALL OF THESE CROOKS OUT ON THEIR HEADS……..!!!..THEN FIRST, WE WILL DRAW UP AN AMENDMENT THAT ALLOWS JUST ONE TERM LIMIT ON ALL MEMBERS….OF THE CONGRESS AND SENATE..AND ALL POLITICAL POSITIONS…AND WE THE PEOPLE, BY INFILTRATING EVERYTHING…. WILL RESTORE OUR U.S. CONSTITUTION AND THE RULE OF LAW… TO ITS ORIGINAL FORM…..!!!

      • lvent says:

        WE THE PEOPLE WILL INFILTRATE ALL BRANCHES OF GOVERNMENT… RESTORE OUR U.S. CONSTITUTION BACK TO ITS ORIGINAL FORM… !!!! WE THE PEOPLE WILL THEN, ISSUE OUR OWN CURRENCY, U.S. BANK NOTES…BACKED BY OUR OWN HIJACKED NATURAL RESOURCE REVENUES….ISSUED VIA STATE BANKS….ABOLISH THE FED…AND GIVE CLEAR TITLE BACK TO ALL DEED HOLDERS…! ALL OF THE PEOPLES HIJACKED, STOLEN GOLD,NATURAL RESOURCES, BIRTH CERTIFICATES… HOMES, BUSINESSES, LIVELIHOODS, INDEPENDENCE, PROSPERITY AND WEALTH WILL BE RETURNED TO THE AMERICAN PEOPLE…WHO ARE AND ALWAYS WERE….THE REAL OWNERS OF THIS COUNTRY…..!!! WE WILL ALSO ABOLISH THE U.N. AND THE IMF AS WELL AS THE GSE’S….!!! GOD BLESS AMERICA….NATIONAL SOVEREIGNTY WILL PREVAIL….!!!

      • lvent says:

        THEN, THE UNITED STATES OF AMERICA WILL BE BACK ON THE RIGHT TRACK TO WHAT THE FOUNDING FATHERS AND GOD ALWAYS INTENDED AMERICA TO BE….FREE, INDEPENDENT AND SOVEREIGN….!!!

  6. Igor says:

    The BANKERS not the BANKS need to be SUED and PROSECUTED. To allow the INDIVIDUALS TO blame the banks is WRONG. They are hiding under the corporate shield of which they have no protection!
    A bank teller involved in a bank robbery cannot BLAME THE BANK!
    Why are we letting LAWYERS manipulate the narrative?

  7. lies is all they tell says:

    lisa and lyn well presented to educate us!!! My take of the situation is that if “pretended to secutitize a loan” thye did not have to pay taxes so we are in the middle of a tax evasion scam too. how many of us can not pay taxes and stay out of jail? the most intresting thing that was included is how i had figures out early in this fight that underwriting was disregarded and has been my arguement oal government entities. Hwhy thwould wells fargo put ME in a state dincome loan when I am an RN and have worked for the past 20 years of my life. why lie about my income and put me and my family in a home we will eventually lose? whay are they so sinister? how can that mortgage broker sleep at night? for one thing i have scream and yelled enough that i have it in writin gthat wells fargo put me in a stated income loan. lets all hope when a judge is presented with that I have a professional license as a healthcare professional that he can see fraud was comitted. that is my hope. this is quite a ride we are in and i hope we at the end we prevail we win our homes back and could get our jobs back and continue our lives. right now uii have 3 kids not sure if we are going to be able to eat family dinner together next and sleep in their own bed. al because wells fargo decided to drop all underwriting standards and let a broker commit fraud. we need to stand together and fight this eveil.

    • Igor says:

      The ‘brokers’/originators worked along with the bank inside operatives (loan officers, loan underwriters) in a RACKET. Like the crooked bank teller who is the inside man in a robbery of a bank, these bank ’employees’ committed a huge systematic BANK HEIST reminiscent of the Roman heist of Jerusa from the ‘take’ AT ALL LEVELS. (real estate lawyers, etc).
      The judicial system has been bought and payed for, either by bribery, collusion, fraud upon the court, etc. thus the courts rulings are not legal or valid.
      lem’s gold in 70ad.
      This is a RACKET, a SYNDICATE of RACKETEERS inside and outside the banks PROTECTION RACKET and also the lawyers are co-racketeers.

      • Joe Gaffney says:

        You’re looking at this all wrong. The little people weren’t the ones making the killing. The bank’s principals and managers were. The principals must have been blind not to notice what their managers were doing. And, the little people, like the “originators,” and “processors,” were not allowed inside the big guys’ meeting rooms. Banks are not just walls and safes.

      • lvent says:

        Hey Joe Gaffney..who do you say is looking at it all wrong…?? The truth is the FEDERAL RESERVE BANKSTERS MONETARY SYSTEM IS THE MARK OF THE BEAST…..666….!! Therefore, if you dont get it …they will get you…! MWHAHAHA…! Credit Scores re just another SCAM AND ANOTHER FRAUD…We ALLOWED them to make us a NUMBER…JUST LIKE THE NAZIS DID TO THE GERMAN PEOPLE….AND THEY TOOK ADVANTAGE OF THE SHEEPLE……!!! THE PEOPLE BETTER WAKE UP …AND STOP BELIEVING THEIR MASSIVE LIES, DECEPTIONS AND FRAUD…..BEFORE ITS TOO LATE FOR THEM….!!

      • Joe Gaffney says:

        Question for you, Ivent, is it Wells Fargo?

      • lvent says:

        THE TRUTH is Joe Gaffney..that .it is the UNFEDERAL RESERVE MONETARY SYSTEM ….that is the MARK OF THE BEAST…and that is the biggest SWINDLE IN THE HISTORY OF MANKIND THAT WAS ALL INSTITUTED AND CREATED BY THE TRAITORS IN CONGRESS AND IN THE SENATE…AND TO THIS DAY ALL OF THESE TRAITORS ARE BEING ALLOWED TO CONTINUE THEIR MASSIVE GLOBALIST ROBBERY OF ALL OF OUR WEALTH, FREEDOM, INDEPENDENCE AND PROSPERITY…BY HIDING THE TRUTH FROM THE MASSES….THE TRUTH IS …WE THE PEOPLE ARE WHO FOUGHT FOR, DIED FOR, FOUNDED, FUNDED AND PAID FOR EVERYTHING THAT THESE CRIMINALS HAVE DONE TO ALL OF US…..AND THAT TRUTH IS REVEALING THAT IT IS WE THE PEOPLE WHO ARE THE ONLY TRUE OWNERS OF THE UNITED STATES OF AMERICA AND THEREFORE, IT IS WE THE PEOPLE WHO ARE THE ONLY ENTITY WHO CAN TAKE AMERICA AND RESTORE IT BACK TO ITS ORIGINAL CONSTITUTIONAL AND LEGAL FORM..BY EXPOSING ALL OF THEIR LIES AND WHO THESE TRAITORS TO WE THE PEOPLE AND AMERICA ARE …..ALL OF THEM…EVERY LAST ONE OF THEM……THEN WE THE PEOPLE MUST REMOVE THEM AND INFILTRATE AND RETAKE OUR COUNTRY VIA…. CONGRESS AND THE SENATE AT THE NATIONWIDE, STATE AND LOCAL LEVELS… …IN THE MEANWHILE…WE MUST INVOKE OUR CONSTITUTIONAL AND BILL OF RIGHTS AND OCCUPY…AND DEFEND EVERYTHING WE THE PEOPLE OWN WITH GUTS, GUNS AND GOD….!!

      • Bloodsoaked says:

        They did this before. Remember the Indians? You know the NATIVE AMERICAN’S! This has always been a stolen land. Talk about FRAUDCLOSER!!! Hey! Is any you deadbeat homeless out there cold? would you like a blanket? SHEEEZE! I would have been better off in an TEE PEE! Cu’z now I’ll be just like them FUCKING LIVING IN A TENT ANY WAY! SO MUCH FOR THE CIVILIZED WORLD A? Oops! sorry for yelling. Poor Indian’s thank you for your sacrifice not only for tolerating us on your land This country is really yours and we owe these people so much for our freedoms because they where already free before the BRITISH AMERICON’S came and took there land and massacred MILLIONS OF YOUR PEOPLE. But yet when HITLER and the JAPANESE where trying to take over the world your native tongue was our secret communication code that they could not crack and that is how we where able to defeat them. SO MY FELLOW AMERICAN’S not only do we have an obligation to our heritage and our childeren but we also owe it to what is left of THE INDIAN NATION THAT STOOD FREE long before THE AMERICON had started. WE GOT THEM INTO THIS MESS NOW LET’S GET THEM OUT!!! WE ARE THE FREEDOM FIGHTER’S!!!! THROW DOWN YOUR CREDIT/SLAVE CARD AND PICK UP YOUR MUSCKITS BOY’S!!! THIS IS NOT CUSTER’S LAST STAND!!!! THIS IS FREEDOM’S LAST STAND!!!!! AH! JUST KIDDING I’M GOING TO STARBUCK’S Mmmmmm Thank You GREAT CHIEF WHITE MOCA! Sorry just wanted to venti to come my blood pressure. I apologize if I’ve offended anyone unless you are with the NWO! THEN GO FUCK YOURSELF’S

      • lvent says:

        Right on Bloodsoaked….!!!! They have used their main weapon of MASS DECEPTION to commit MASSIVE FRAUD …in order to ROB THE PEOPLE OF EVERYTHING since their inception and throughout history it has always been the KNIGHTS TEMPLAR IN ONE FORM OR ANOTHER…DISGUISED AS MANY OTHER ENTITIES….BUT THEY TRULY ARE REALLY THE KNIGHTS TEMPLARS BEING REPRESENTED BY MANY PROXIES………..!!! BILL COOPER DESCRIBES IT ALL IN THE VIDEO POSTED ABOVE ENTITLED WILLIAM COOPER …THE FEDERAL RESERVE….

      • lvent says:

        J.FK. also tried to expose them in his speech to the media entitled SECRETS SOCIETIES…THE SPEECH IS POSTED ON YOU TUBE…THE KNIGHTS TEMPLARS HIDE BEHIND MANY ENTITIES IN ORDER TO TAKE ON A MANY FORMS…..JUST LIKE SATAN…BECA– USE THEY ARE RULED AND CONTROLLED BY SATAN…THEY ACCOMPLISH ALL OF THEIR EVIL VIA MANY PROXIES VIA MAINLY THE ILLUMINATI WHICH SECRETLY HIDES AND CONTROLS EVERY ASPECT OF THEIR FRAUD IN MANY FORMS……!

    • Joe Gaffney says:

      Your credit scores were too high.

      Credit scores around 740 (and in some places a little less) automatically allowed you to be placed in a stated-income bracket. By playing the way all of us have been told to play, you made yourself a “clay-pigeon.” Besides, No Doc-SI loans were much easier to originate, underwrite, and close. You made it into a REMIC before your loan was closed, most likely.

      • lvent says:

        Come on Joe, the Book of Revelations is wide open for all of those who want to know THE TRUTH…TIME ALL AMERICANS GOT JIGGY WITH IT….THE TRUTH THAT IS….!! COME ON JOE GAFFNEY…DONT BE A NWO…. PIMP AND A HO…!

      • Joe Gaffney says:

        Is it Chase?

      • lvent says:

        Joe Gaffney..pardon the lag, I had to step out for a moment….are you that ignorant Joe…really come on, I dont believe that you are….THE AMERICAN PEOPLE FUND AND PAY FOR EVERYTHING IN EVERYTHING THAT WE PARTICIPATE IN…..LIKE THOSE TRILLIONS AND TRILLIONS IN FRAUDULENTLY INDUCED UTILITY BILLS THAT WE ALL PAY. EACH MONTH……BLOOMBERG REPORTED A COUPLE OF MONTHS AGO THAT THE FEDERAL RESERVE COLLECTS TRILLIONS PER MONTH IN FRAUDULENTLY INDUCED MORTGAGE PAYMENTS….BERNANKE SAID THE FED — USES THOSE ILL GOTTEN GAINS TO BUY U.S. TREASURIES WITH ..SO THERE YOU HAVE IT…A STARK OMMISSION BY THE HEAD OF THE FED THAT THE FED AND U.S. TREASURY DEPARTMENT ARE ENGAGED IN AN ONGOING PONZI SCHEME WITH THE AMERICAN PEOPLES MONEY.,……..BEN BERNANKE ALSO RECENTLY REVEALED THE TRUTH..THAT CONGRESS IS WHO CREATED THE FED AND CONGRESS IS WHO HAS THE POWER TO DRAW UP A MANDATE TO ABOLISH THE FED…DO YOUR HOMEWORK JOE…THE AMERICAN PEOPLE ARE BEING — USED AS PAWNS IN THEIR GAME…AND WE THE PEOPLE ARE NOT ONLY BEING CONTINUOUSLY ROBBED BY THEM…BUT WE THE PEOPLE ARE ACTUALLY PAYING THEM TO ROB US….!!!

      • lvent says:

        Just think about it Joe..if you or I collected just one ill gotten dollar every second of every day of every year since the FRAUDULENT INDUCTION OF EVERYTHING WE PAY FOR…. from the American people…do you HAVE ANY CLUE HOW MUCH FUCKING MONEY THAT WOULD BE…??? THAT WOULD NOT EVEN INCLUDE THE MONEY THAT THEY HAVE BEEN FRAUDULENTLY STEALING FROM DEAD PEOPLE….!!!

      • lvent says:

        CAN YOU RIDDLE ME THIS ONE JOE GAFFNEY….CNBC REPORTED OVER A YEAR AGO THAT WALL STREET MADE 60 TRILLION FUCKING DOLLARS FROM MORTGAGE DERIVATIVES IN THE YEAR 1999…THAT RIGHT JOE…60 TRILLION DOLLARS….OFF OF MASSIVE DERIVATIVES FRAUD….WHY IS IT FRAUD…??? BECA– USE THEY NEVER LENT US ANY FUCKING MONEY JOE….DID YOU GET A CHECK AT THE CLOSING JOE…..??? NO YOU DID NOT…WHY???? BECA– USE YOU GOT YOUR RECORDED, STAMPED PAID DEED INSTEAD FROM THE U.S. TREASURY DEPARTMENT….THAT PROVES THAT THEY NEVER LENT US ANY MONEY….WE LENT THEM OUR MONEY…AND OUR HOMES ARE PAID FOR BY EVERY ONE OF US BECA– USE OF THE ORIGINATION FRAUD….THE RECORDED, STAMPED PAID DEED PROVES IT….!! HOW DO I KNOW THAT IS TRUE…..?????? BECA– USE MY ATTORNEY WANTED ME TO PUT MY RECORDED, STAMPED PAID DEED INTO A TRUST TO PROTECT ME AND MY DEED FROM BEING DEFRAUDED…..THATS WHY…!!

      • lvent says:

        Joe Gaffney…IT IS THE AMERICAN PEOPLE WHO FUND AND PAY FOR EVERYTHING THE UN FEDERAL RESERVE DOES…..The SMOM/ Vatican/Jesuit/Rothschilds own all of those banks via the WORLD BANK VIA THE CENTRAL BANKS AND THEY ALSO OWN THE UN FEDERAL RESERVE VIA PROXIES…….and VIA MANY OTHER PROXIES VIA WALL STREET LIKE GOLDMAN SACHS AND ALL OF THE INVESTMENT BANKS…. AND ALL OF THE MULTINATIONAL CORPS.,… THEY OWN ALL OF THEM VIA PROXIES….AND THEY NEVER LEND ANY OF THEIR OWN MONEY JOE….DOES THAT ANSWER YOUR QUESTION JOE ? IF NOT, YOU MAY WANT TO YOU TUBE SEARCH ALL OF THE VIDEOS BY BILL COOPER INCLUDING THE ONE ENTITLED THE FEDERAL RESERVE…..AND BEHOLD THE PALE HORSE…WHICH IS THEM ….THEY ALWAYS WERE HIDDEN…THEY ARE THE PALE HORSE….IN THE FORM OF MASSIVE SECRETS, LIES, DECEIT AND FRAUD….BUT THEY ARE NOT ALL SO HIDDEN ANYMORE BECA– USE OF THE TRUTH BEING REVEALED TO ALL WHO SEEK THE TRUTH…

      • lvent says:

        Joe Gaffney…if you envision a LARGE PYRAMID….like the one on their FEDERAL RESERVE NOTE..THE DOLLAR BILL….all of their fraud is derived at the TOP OF THE PYRAMID…THAT IS WHERE THE CRIMINAL ELITE HIDE….they institute all of their FRAUD…BY FRAUD AND HIDE ALL OF THEIR MASSIVE FRAUD VIA SECRETS LIES AND DECEPTION DOWN A LITTLE BIT FURTHER…VIA THE GOVERNMENT…CONGRESS…AND THE SENATE….AND OTHER AGENCIES LIKE THE FEDERAL RESERVE BANS AND MULTINATIONAL CORPS AND THE NEWS MEDIA AND THE CHURCHES AND THE DOCTORS AND THE COLLEGES AND HOSPITALS…THAT THEY OWN AND CONTROL VIA PROXIES….THEN THEIR EVIL PLANS ARE INSTITUTED…AND KEPT IN PLACE….ALL OF OUR MONEY IS STOLEN FROM THE TOP TO FUND AND PAY FOR ALL OF THEIR FRAUD…AND …ALL OF OUR STOLEN WEALTH WHICH FUNDS ALL OF THEIR FRAUD AND CRIMINAL OPERATIONS AND ALL OF THE PROFITS FROM ALL OF THEIR FRAUD STAYS AT THE TOP..WHAT THEY SEND DOWN TO US…IS THE CRUMBS AND THE REMNANTS AND THE MANUFACTURED WARS AND ROBBERY OF OUR WEALTH, AND THE POVERTY AND THE RECESSIONS AND THE DEPRESSIONS THAT THEY MANUFACTURE AT THE TOP WITH…. MORE FRAUD, MORE SECRETS, LIES AND DECEIT….GOT IT NOW JOE????

      • lvent says:

        BUT THEY REALLY DONT OWN ANY OF THE DOCTORS, OR HOSPITALS OR PROFESSORS OR COLLEGES OR MULTINATIONAL CORPS OR WEALTH OR NATURAL RESOURCES OR OUR GOLD OR OUR SILVER OR OUR BIRTH CERTIFICATES..OR OUR HOMES OR OUR PROPERTY.BECA– USE THE PEOPLE FUND AND PAY FOR ALL OF IT…EVERY SINGLE THING….THEY JUST BRAINWASH..AND INSTITUTE FRAUD BY MASSIVE SECRETS, LIES AND DECEIT ….TO HIJACK ALL OF IT AND STEAL IT ..UNDER THE GUISE OF MONEY LENDING …..AND MAKE THE MASSES BELIEVE ALL OF THEIR LIES …WHEN THEY NEVER PAID FOR ANY OF IT FROM THE ORIGINATION THEY ARE ALL A GIANT FRAUD…!!! AND THE TRUTH IS…..WE THE PEOPLE ARE REALLY THE ONLY ENTITY WHO PAY FOR IT AND FUND IT ALL…!! MWAHAHA…!! ALL OF THEIR FRAUD IS DERIVED AT THE TOP, COMES DOWN FROM THE TOP…AND ALL OF OUR HIJACKED STOLEN WEALTH AND ALL OF THE PROFITS STAY AT THE TOP….

      • lvent says:

        The TRUTH IS JOE…AT THE TOP OF THEIR PYRAMID…LIES SOME REALLY EVIL, SNEAKY, BRAINWASHING, SECRETIVE LYING AND DECEPTIVE FRAUDSTERS…CRIMINALS WHO ARE AKA THE “ELITE”…..BUT THEY ARE NOT SO “ELITE”, THEY ARE JUST VERY EVIL AND SNEAKY, DECEPTIVE CRIMINALS AND FRAUDSTERS WHO NEVER, EVER THOUGHT ANY OF US WERE SMART ENOUGH TO CATCH THEM IN THEIR EVIL END GAME HITLER PLAN FOR MANKIND…THAT BEGAN ON 9/11…WELL WE THE PEOPLE CAUGHT THEM…BECA– USE GOD IS REVEALING THE TRUTH TO HIS TRUE BELIEVERS SO THAT MANKIND CAN BE SAVED FROM THESE EVIL SPAWNS OF SATAN…!!

  8. lvent says:

    Right, lets not confuse or misconstrue the facts about what they were SUPPOSED TO DO..with what they actually did ..they created a masterful work of fiction is what they did….. and are stiill to this very day trying in earnest to make everyone believe SECURITIZATION occurred when in the real world, the physical world where we all live and work and always paid our bills on time…THIS NEVER OCCURRED and this is a DANGEROUS WORK OF FICTION….at least twice in my case, in both my residential and my commercial property…that is THE TRUTH that I personally uncovered and discovered that SECURITIZATION NEVER EVER OCCURRED….and not only that but, when my husband and I confronted the bank attorney from FANNIE MAE…regarding him never coming to court with any proof or any evidence of LEGAL STANDING in my home fraudclosure and I EXPOSED to him THE FACT IS that there was NEVER A LEGAL TRUST AGGREEMENT AKA THE LEGAL ASSIGNMENT… attached to their filing nor was a LEGAL ASSIGNMENT ever entered into evidence by them….. that bank attorney was HONEST and told my husband and I THE TRUTH and verified to me outside the walls of the courtroom ….THERE IS NO PSA AGREEMENT, THERE IS NO LEGAL ASSIGNMENT AND THERE IS NO TRUST AND THERE IS NO TRUSTEE….! Neil Garfield over at living lies discusses the fact that the act of SECURITIZATION IS ACTUALLY ILLEGAL UNDER U.S. COMMON LAW…Regardless of that FACT…that is not the reason nor the motivation for these criminals to not securitize…AKA NEVER SELL OR TRANSFER THE LOANS…AS THE PSA AND THE LAWS OF THE LAND REQUIRE THEM TO DO WHEN A MORTGAGE NOTE IS UNINDORSED….What they did was DISHONOR OUR NOTES …..EXPONENTIONALLY..and all of their DISHONOR was committed just in order for them to commit massive mortgage collateral fraud IN OUR NAMES..WITH OUR SIGNATURES… in order for all of these criminals, their minions and cohorts to ILLEGALLY CREATE for themselves EXHORBITANT PROFITS and in the process of their massive mortgage FRAUD….these criminals created $700 TRILLION DOLLARS in UNSUSTAINABLE DEBT FOR THEMSELVES…THEIR MASSIVE DERIVATIVES FRAUD DEBT CAN NEVER, EVER BE REPAID…
    THEIR DEBTS ARE MASSIVE AND UNSUSTAINABLE AND ARE PRECISELY WHAT THEY ARE HIDING FROM MANKIND…. IN THEIR SHADOW ELECTRONIC BANK…THAT DEBT IS THEIR SECRET WEAPON THAT THESE CRIMINALS ARE USING, WHICH IS … THEIR MASSIVE HIDDEN MORTGAGE DEBT FRAUD…WHICH IN GRAND TOTAL DERIVATIVES FRAUD IS $1.2 QUADRILLION DOLLARS…
    THESE CRIMINALS ARE USING THIS MASSIVE DERIVATIVES FRAUD VERY DECEPTIVELEY… IN ORDER TO BANKRUPT THE AMERICAN PEOPLE, STEAL EVERYTHING FROM THE AMERICAN PEOPLE …AND IN THE END THEY PLAN TO STEAL AMERICA…..!!!
    THESE DECEPTIVE CRIMINALS ARE THE FEDERAL RESERVE BANKSTER/WALL STREET/GSE DEBT CARTEL…AND THIS IS ALL BEING ALLOWED BY THE TRAITOR POLITICIANS IN THE U.S. GOVERNMENT…AND THEIR MASSIVE CRIMES ARE BEING ENFORCED BY THEIR OWNERS IN THE FEDERAL GOVERNMENT….
    WHEN NONE OF THEM N REALITY EVER LENT A DIME OF THEIR OWN MONEY NOR DO ANY OF THEM…… OWN A GODAMNED THING…
    NOR COULD THEY EVER COME UP WITH THE RECEIPTS TO PROVE THAT THEY DO ..
    THE TRUTH THAT THEY ARE ALL COVERING UP AND THE TRUE FACTS OF THESE MATTERS ARE THAT ARE… THAT…IT IS ….
    THE AMERICAN PEOPLE WHO ARE THE ONLY ENTITY WHO FUNDED AND PAID FOR EVERYTHING IN THIS COUNTRY,…
    INCLUDING THEIR MASSIVE DERIVATIVES FRAUD PONZI SCHEME….! OFF WITH THEIR HEADS AMERICA…!
    OCCUPY EVERYTHING…WITH YOUR STAMPED PAID DEEDS….!!!! THOSE ARE OUR RECEIPTS…GUTS, GUNS, GOD….!!!

    • lvent says:

      I almost forgot to add the most important part…! Because of ALL OF THE FRAUD THAT I SPOKE OF ABOVE…and because all of that fraud committed by these crooks that has created for them $1.2 QUADRILLION DOLLARS IN UNUSTAINABLE DERIVATIVES FRAUD DEBTS….
      ALL OF THAT MASSIVE FRAUD…. RENDERS ALL OF THE MORTGAGES AND ALL OF THE NOTES A NULLITY…..!!!!!! AND THEREFORE RENDERS THEM A NULLITY…..!!!!!
      That is precisely why the SEC, THE OCC, THE DOJ, THE JUDGES…THE ATTORNEYS ARE NOT STANDING UP FOR HOMEOWNERS RIGHTS…AND … THE MEDIA AND THE TRAITOR POLITICIANS ARE TO THIS VERY DAY…. LYING AND COVERING UP FOR… THESE CRIMINALS AT….THE FEDERAL RESERVE BANK, THE U.S. TREASURY DEPARTMENT UNDER HANK PAULSON AND UNDER THE BUSH AND CLINTON ADMINISTRATIONS…….AND THE GSES AND WALL STREET……
      This is also why the PIGS, LIKE MF GLOBAL ARE FLYING….AND THE HOGS WILL ALL GET SLAUGHTERED WITH THESE TRUTHS…AND THE PEOPLE MUST SPEAK AND STAND UP FOR THESE TRUTHS..IN COURTROOMS ACROSS AMERICA…AND OCCUPY AND SPREAD THESE TRUTHS EVERYWHERE AND TO EVERYONE…..!
      GUTS, GUNS GOD…!
      GOD BLESS AMERICA….!!!
      Seek ye the truth, and the truth will make you free!!!!

      • lvent says:

        So if you can agree with my last statement Joe Gaffney, than you may also agree that is precisely THE REASON WHY… THESE VERY CRIMINALS ARE THE VERY SECRETIVE, LYING DECEIVERS AND FRAUDSTERS who are trying to HIDE AND DISGUISE THE TRUTH FROM WE THE PEOPLE….So therefore WE THE PEOPLE may just want to SEEK YE THE TRUTH FOR THE TRUTH WILL MAKE US FREE..!!! BECA– USE THE TRUTH IS BEING REVEALED TO ALL WHO SEEK THE TRUTH….THAT TRUTH IS…. WE THE PEOPLE ARE ALL FREE AND INDEPENDENT AND ALWAYS WERE…!!

      • lvent says:

        THE TRUTH WHEN SOUGHT AND FOUND BY WE THE PEOPLE, WILL REVEAL IT IS THE TRAITORS FROM WITH OUR OWN GOVERMNENT…THE CONGRESS AND THE SENATE AND OUR STATE AND LOCAL GOVERNMENTS WHO ARE THE BIGGEST CRIMINAL PERPETRATORS…THEY ARE WHO ARE THE BIGGEST…SECRET KEEPERS…LIARS AND DECEIVERS AND FRAUDSTERS OF WE THE PEOPLE AND OF THEIR FELLOW MAN AND COUNTRY…AND ALL OF THESE CRIMINAL TRAITORS MUST BE REMOVED BY WE THE PEOPLE….IN THE MEANWHILE , WE THE PEOPLE MUST REJECT ALL OF THEIR EVIL PLANS FOR MANKIND BY INVOKING OUR U.S. CONSTITUTIONAL RIGHTS AND OUR U.S. BILL OF RIGHTS….BY OCCUPYING……GUTS, GUNS..GOD……RIGHT NOW….!!!

      • lvent says:

        THE TRUTH THAT IT IS THE TRAITORS FROM WITHIN CONGRESS, THE SENATE, THE LEGISLATURE IN ALL OF OUR BRANCHES OF GOVERNMENT EVEN AT THE STATE AND LOCAL LEVELS…. WHO ARE THE TRAITORS TO WE THE PEOPLE AND OUR COUNTRY…THE UNITED STATES OF AMERICA…..!! OCCUPY EVERYTHING….!! GUTS, GUNS, GOD…!!!

    • Joe Gaffney says:

      Hmmmm! This begs a more important question: Where did the money come from?

      • lvent says:

        UH DUH…JOE GAFFNEY…..???? THE U.S. TAXPAYERS…WE THE PEOPLE IS WHERE THE MONEY CAME FROM…HAVE YOU NOT DONE YOUR HOMEWORK…???? THATS WHY WE HAVE THE STAMPED PAID DEED…THAT IS ONLY ISSUED BY THE U.S. DEPARTMENT WHEN YOU PAY YOUR HO– USE OFF….WE THE PEOPLE HAVE THE RECEIPTS…THAT PROVE THE TRUTH IS..IT IS WE THE PEOPLE WHO FUND AND PAY FOR EVERYTHING…UP FRONT….AND THE CRIMINALS AT THE FED COLLECT ALL OF THE INTEREST AND PAYMENTS FROM THE MONEY THAT WE LEND THEM…..!!! MWAHAHAHAHAHAHAHAH!!!! OFF WITH THEIR HEADS…DEMOCRACY IS JUST ANOTHER NAME FOR SOCIALISM…THEY JUST NEVER TOLD US…..MWAHAHAHAHAHAHAHAHAH….!! THATS WHY THE UNITES STATES OF AMERICA IS THE PEOPLES HO– USE…WE THE PEOPLE ARE WHO FOUGHT AND DIED FOR IT..AND STILL ARE…AND WE THE PEOPLE ARE WHO FUND AND PAID FOR EVERYTHING INCLUDING WHAT ALL THESE CRIMINALS DO WITH THE PEOPLE MONEY…WHICH IS OUR FUCKING MONEY……!!! SO THEN……..OFF WITH ALL OF THEIR LYING TRAITOR…. HEADS!! THESE FEDERAL RESERVE CROOKS…. DON”T OWN JACKSHIT…..!! ABOLISH THE FED…RESTORE THE U.S. CONSTITUTION…ISSUE OUR OWN CURRENCY ..US. BANK NOTES ISSUED BY STATE BANKS…NATIONAL SOVEREIGNTY WILL PREVAIL….!!

      • Joe Gaffney says:

        Ivent:

        You sound angry?

      • lvent says:

        @Joe Gaffney…if by me speaking THE TRUTH makes me sound angry than that is really sad dont you think….????

      • Joe Gaffney says:

        But, you didn’t answer the question. Where did the money come from? Are you trying to say that government used our tax dollars to buy trillions of dollars worth of prime and sub-prime loans? If they didn’t securitize the vast majority of the loans closed in the past 10 – 15 years, then the money would have had to come from our tax dollars. Think about that. There would not have been enough.

  9. Stormy 17 says:

    I was wondering if anyone out there has any suggestions. The judge (Fl) is ignoring my (defendant) requests, motions. However,the plaintiff’s motions & requests is stamped & Ordered.

  10. readdocs says:

    Some originators sell the applications before all the paper work is completed, and well before closing.
    Must be a nice fee for this kind of incentive.

    • readdocs says:

      Who is the true lender if the originator sells the application to a warehousing mortgage
      company?

      • lvent says:

        READDOCS…do you mean did these criminals sell the loans…. AFTER the FAULTY MBS DEFAULTED? BECA– USE THAT IS ALSO FRAUD…….!!!!! BECA– USE WE KNOW WHAT THE TRUTH IS ….THEY NEVER SOLD THE LOANS…!!!! JUST INTERESTS IN THE NOTES…EXPONENTIONALLY….AND THAT FRAUD WAS COMMITTED AFTER THEY COMMITTED THE ORIGINATION FRAUD……!! THEREFORE DISHONORING ALL OF THE NOTES AND MORTGAGES…AND THEREFORE. NULLIFYING ALL THE MORTGAGES AND ALL OF THE NOTES…! SO THAT IS THE TRUTH AND THE TRUTH BECOMING WELL KNOWN WILL MEAN…… OFF WITH THEIR HEADS…!!

  11. Bloodsoaked says:

    Mmmm! And I thought securitization ment they where going to keep my loan docs in a safe place in some bank vault some where. SOME WHERE? YA! SOME WHERE OVER THE RAINBOW IN A PLACE CALLED OZ! The loans where paid off at origination and then they MADE CONFETTI OF THE DOCUMENTS TO CELEBRATE Wee——- AND NOW WE THE PEOPLE GET HANDED THE BILL TO CLEAN UP THE MESS THERE LITTLE PARTY CREATED. WHILE THEY SIT LIKE ROCKEFELLER’S ON THERE BONASSES ALL HUNG OVER FROM THERE FINANCIAL ORGIE AND NOW WE ALL HAVE FSTD’S (Fruadulantly, Stolen, Transfer, Disease) BECA– USE THEY BROKE THE L EAGLE CONDOM THAT WAS SUPPOSED TO PROTECT US FROM BEING FINANCIALLY RAPED. HEY BANKER! GO FUCK YO– USELF! PEOPLE WITH DRAW YOUR MONEY AND DEPOSIT LEAD.

  12. JEHR says:

    Thank you so much for this very important information that is so well presented.

  13. David C. Kanz says:

    Lynne and Lisa,

    This is so well done. Every attorney who represents homeowners should understand the lay of the land contained with this post.

    As I have stated for some time, number 71 in the list implicates the interests of judges in every county….especially a municipality or local government retirement.pensions funds…

    This could explain the “stonewalling” and refusal to even hear cases brought against these manufacturers of fraudulent legal paper work.

    Accountability….is what is necessary.

    Keep it up. We need you.

  14. Loyd Squid says:

    Good info.

  15. Igor says:

    Loan ORIGINATORS are NOT the LENDER. Loan ORIGINATORS are like LIFE INSURANCE SALESMEN. They are for the MOST PART, INDEPENDENT BUSINESSES that PROCURE CLIENTS/BORROWERS and act as MIDDLEMEN, BROKERING THE DEAL BETWEEN THE LENDER AND BORROWER.
    LIKE THE REAL ESTATE AGENT/BROKER WHO SELLS THE PROPERTY AND ACTS AS AN AGENT BUT DOES NOT OWN THE PROPERTY, MAKING THE COMMISSION/FEE FROM THE SALE
    LOAN ORIGINATORS MAKE THEIR MONEY IN THE ORIGINATION FEES, for the most part. THIS IS VERY CRUCIAL TO UNDERSTAND WHEN WE ARE DEALING WITH THE MECHANISM OF FRAUD/ MULTI PLEDGING OF LOANS ETC. THESE LOAN ORIGINATORS COULD AND DID CREATE MANY COUNTERFEIT LOANS AND DECEIVE THE LENDERS INTO FUNDING THESE COUNTERFEIT LOANS ! WHERE THESE FUNDS WERE THEN TRANSFERED TO SECRET ACCOUNTS TO BE SOMEHOW DIVIDED AMOUNT THE RACKETEERS INVOLVED. TO SUGGEST THAT A LOAN ORIGINATOR IS A LENDER OBFUSCATES THE REALITY OF WHAT WE ARE DEALING WITH. IMHO

    • JEHR says:

      This is like shouting when you write in all caps. It cannot be heard (read).

      • Kim Woo says:

        Unless Ivent does it. “SCAM OF THE CENTURY/NWO, THE FED!! ” etc Great stuff.

      • lvent says:

        Thanks Kim Woo…!!! LETS ALL SHOUT IF FROM THE ROOFTOPS….!! THE FEDERAL RESERVE BANKSTERS, THE GSE’s nor WALL STREET EVER LENT ANY BODY ANY MONEY…WE THE PEOPLE LENT OUR MONEY TO THEM VIA A GIANT SCAM WITH THE NOTES…VIA THE FEDERAL RESERVE BANK AND THE U.S. TREASURY DEPT UNDER HANK PAULSON…..THEREFORE, THE TRUTh IS, THEY ARE ALL CRIMINALS, LIARS AND THEY ARE ALL FULL OF SHIT….AND ALL OF THE MORTGAGES AND NOTES ARE A NULLITY BECA– USE THESE CRIMINALS DISHONORED OUR NOTES…EXPONENTIONALLY…AND WE THE PEOPLE ALL HAVE THE STAMPED, RECORDED PAID DEEDS TO PROVE IT…IN OUR POSSESSION!!!! GOD BLESS AMERICA…..!!!

      • Bloodsoaked says:

        GO GETT’M IVENT! THAT”S WHAT I CALL CAPITAL PUNISHMENT! CRANK UP THE READ! I LIKE IT LOUD! CAN YOU HEAR ME NOW? MAN NOW — USE GUY’Z GOT ME YELLING! I SYMPATHIZE WITH YOU JEHR! I HATE IT WHEN PEOPLE TALK ON THE CAR WHILE DRIVING THE PHONE!
        SORRY IF I’M SCREAMING! MORE PEOPLE NEED TO START SCREAMING! SORRY IVENT. DON”T MEAN TO STILL YOUR M.O! I like to speak softly————-THEN GET REAL LOUD! then bring it back down———-THEN GET REAL LOUD! and then bring it back down that way I WAKE’M UP IF THEY FALL ASLEEP! MOOWAHAHAHA——————!

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