Comments on: Bankers Propaganda Letter to Congressional Staffers – Efforts Mortgagers Are Making for At-Risk Homeowners

By: Barbra Orr

Barbra Orr — Tue, 14 Feb 2012 22:43:50 +0000

I agree with everyone of the post -these three guys must think we are not up to date with what is goig on. They are not men , they lack the equipment, moral fiber, worth,beliefs, courage, truthfulness, ability, knowledge or a soul. They will ever right the injustice they have created and backed. Just so they know what goes around comes back three fold. There is no ice water in hell guys.

By: debi J

debi J — Sun, 10 Oct 2010 04:18:54 +0000

Finally some kind of attention. They set the pools up to fail. Someone needs to get a judge to allow them to follow the loan from the beginning through the securitization and through all the credit swaps done without reporting . When people see how many times the mortgages have been sold and resold and paid off by insurance instruments that were placed where the rates readjusted. Overcollaterialization is allways nice too. As well as a 100million dollar fidelity bond and 20 million errors and ommissions. Then reisurance with commissions and on and on it goes. Theyve been paid on our morthages over and over again. Too big to fail makes a generous offer to homeowners- 50k max. Theres that much in fees on my loan! Plus the broker made 50k got his license revoked and now i have a suspended deutsche pooI who says they are Goldman Sachs trustee…didnt goldman get 200 billion as an appitizer? Perhaps whomever may be involved with that 2006 trust should raise those limits right away…oh yeah they cant or dont because the trusts have been closed or suspended! My loan is supposidly in a goldmman scahs trust…yeah right -they paid their way out after we bailed them out. If the feds dont step in its only because they are all on the same page-greed. Can our law enforcement really be this bad? How many committees do you need. They have the internet too! I just found a deutch trust in the cayman islands funding loans right here in palm beach. We cant all be this slow right?! ..what is going on?? .
All of the ortgages in these trusts will be hard pressed to show how they could possibly be valid and have the authority to foreclose…my mortg is still recorded under mers-guess they forgot my fraudulent assignment! We must want to. Bring them on but with the masses coming together. This is all fraud and we cannot tolerate it any longer. Wake up eveyone and do your homework-you have to learn real fast. They started this scheme a decade ago…. Dee
Dpreston@live.com

By: indio007

indio007 — Sun, 10 Oct 2010 01:49:50 +0000

In reply to mike.

Does this mean they are seizing property, “Searching” for the “lender” after the fact …Then after they fail,claiming the proceeds of the property as abandoned via the 1099-A?

By: john

john — Sun, 10 Oct 2010 00:42:33 +0000

In reply to mike. Spot on everyone. And, as 4closurefraud so aptly points out, the MERS situation is a sham of the highest order. How does a shell company gain financial interest in real estate? And, they don't even pay the county filing fees.....it's absolutely unconscionable. Where is Elizabeth Warren when you need her?

By: mike

mike — Sun, 10 Oct 2010 00:25:44 +0000

First off, I AGREE with everyone that posted.

However, I think everyone missed the most important “ADMISSION OF GUILT” in this letter!

It should be certified and used in ever case to prove lack of standing. I have reread it twice and not once did I see it state that the foreclosures and loan mods they have attempted were done by a lender. They call themselves the servicer. They state all through the document that the SERVICER was doing everything.

I may be wrong, (not) but since when does a servicer have standing to appear in court and foreclose and/or modify or allow a short sale? The only way they have standing is through agency and we know they don’t have that.

Servicers are nothing more than debt collectors. Do you know it’s against the Fair Debt Recording Act for anyone other than the lender that extended credit to report to the credit agencies? 15 U.S.C. %16812-2 or %623.

You might also want to check out %807 and %808

If you can prove these you can get exemplary damages for willful behavior for coming to court with unclean hands and also punitive damages for fraud.

In Section %808 if you can prove the lender has not perfected a security interest you can motion for quiet title and have the judge expunge all liens relative tot he title except IRS, taxes or child support.

All it takes is one violation.

I am not practicing law as I know nothing and am only sharing what I’ve read.

By: CathyG

CathyG — Sat, 09 Oct 2010 23:46:04 +0000

I assume this was signed by the same John Courson of the Mortgage Bankers Association who railed against homeowners who walked away from hopelessly underwater home mortgages and then .. .. .. .. .. had his association strategically default on its $79million national headquarters building?

Yeah, like we’re going to listen to anything this hopeless hypocritical schmuck has to say.

Check out the Daily Show’s take on this:

http://www.angrybearblog.com/2010/10/mortgage-broker-association-strategic.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2FHzoh+%28Angry+Bear%29

By: Equity Free

Equity Free — Sat, 09 Oct 2010 23:34:59 +0000

http://www.thedailyshow.com/watch/thu-october-7-2010/foreclosure-crisis?xrs=eml_tds

If you did not see the show, he really hit all the issues of the crises, Fl.homeowner terrified, presidents veto, fraud in docs, ect . 2nd clip where reporter is learning how to strategically default as the Mortgage Bankers Ass
did, priceless, have to get a little humor now and then …
Keep on making waves and poking holes in their pirate ship, their taking in water !!!
.

By: Andrea Guice

Andrea Guice — Sat, 09 Oct 2010 22:27:48 +0000

Question, anyone? Why would a “thief” (banks) ever admit they “did something wrong?” My answer: They don’t! Furthermore, most crooks have to be “caught.” A crook isn’t going to turn themselves over to the law…They break laws. That’s what “theives” do! If mortgages that banks are eagerly foreclosing on were ever analyzed, forensic audits, then the “pigs ass” (banks) would be “stuck” or “caught!” Everybody that has a mortgage ought to get a “forensic audit” done on their loan docx! My attorneys had a forensic audit done on my loan & …. well, does the word
“fraud” sound like there’s a real problem?! The CDOs, MBS (..bs!) c videos on my site @ http://www.andreaguice.com
And, FIGHT BACK!!!

By: Elyse

Elyse — Sat, 09 Oct 2010 21:43:57 +0000

Question?????

Is there a published list of the Senate and Congress representitives that pushed through HR 3808 allowing Notaries to notorize they saw someone sign their names to a document even though they didn’t? The Prez veto’d it proving he cares more about the “people” and those Senators and Congressmen and women do not!! Would be a great list to know who’s who in the Wall Street zoo!!
Surprise!!

By: Colin Roughley

Colin Roughley — Sat, 09 Oct 2010 20:13:15 +0000

John A. Courson
President and Chief Executive Officer
Mortgage Bankers Association

Thats the same John Courson whose Mortgage Bankers Association has, allegedly, strategically defaulted on their $79million loan for their headoffice building (see John Stewart report). Oh what a tangled web we weave.