By the way did you do securitization audit on your mortgage? do you know which trust name was it under? I was trying to search on the sec website but having a challenge locating my loan no. and the pooling.

Pls do adv.
Thanks

I called BofA earlier. The supervisor said the same thing he needs to research it to be able to tell me what CIG stands for. HFI, he ssid stood for Held For Investment another one said Home For Investment. They don’t know. He will get back to me in 72 hours. Yes, we need to keep on fighting.
By the way have they reply back on your challenge letter you mention.

We also are looking for WHO the acrynom BANA CWB CIG HFI 1st Leins is, as that JUly 1st letter from BOFA sent to us as well in California, as our loan servicer stated that THIS is the name of our creditor to whom our debt is owed.
BANA : Bank of AMERICA
CWB COuntrywide BANK (yes, we made payments to Countrywide before the BofA deal
CIG: ?
HFI: ? we can only guess here

We have responded to this same letter back to BofA -NA in Simi Valley PO BOX (ATT: DVN) to please tell us WHO our creditor IS.
We also disputed the full amount that they state is the balance owed, as our calculations, even with late fees & penalties was approx $4,000.00 less than theirs.
We are approx 3 months late with our mortgage payments, also our home equity line payments, but our totals of the 2 is about same or slightly less than ‘current value”.

Thanks for this thread & all relevant info. We agree with all here that we must stand up and fight for our rights and push these cases for rights of homeowners & citizens against the bank fraud taking over the globe.

Sticky A.

I sent a RESPA letter to BofA and asked for a copy of my note. They sent me the first four pages only (incomplete). No assignments, no endorsements and I know my loan was sold several times since 2003. They stated in their letter that they were my servicer for the loan only. My loan is owned by Aurora MSF Lehman (extinct). Three days later I received a letter from LandSafe Servicing stating they were my servicer.

I was searching through some papers and found that when I took out my original loan (with Flagstar Bank) and then refinanced the following year, Flagstar was sent a letter (certified) requesting they record their mortgage as “satisfied”. Flagstar sent a Lost Mortgage Affidavit to my new lender which the new lender immediately returned it (certified) stating that Pennsylvania does not accept Lost Mortgage Affidavits and it was Flagstar’s responsibility to record the satisfaction. That was in 2003 – it is now almost 2011 and Flagstar NEVER recorded a satisfaction for my first loan.

What a mess….

T he Iowa Attorney General is very good at rationalizing away FRAUDULENT conduct and misrepresentation to homeowners who are applying for mods. First of all. all of this discussion about cost of mod must be less than the cost for foreclosure is discussed after all the homeowners applied for the home loan mods.

As I stated before, the Net Present Value model is flawed on its face in the FED Reserve guidelines since it doe not show mathematically how the calculations are made.

Secondly, since a MOD is a new loan the lender servicer MUST provide for all disclosures up front about the mod before the applicant or homeowner signs anything.

that includes by the lender all of the TILA and RESPA. so if the homeowner is eligible and has not committed to the mod , the lender MUST show all of the TILA docs BEFORE the mod and NPV are calculated and the dual track feature as well.

The IOWA attorney general is allegedly validating fraudulent conduct by these lenders.

the HOMEOWNERS should request all the UP FRONT DISCLOSURES

the NPV is calculated by determining how much the LENDER will make from fees from the trust upon foreclosure plus the equity from the HOME>

That is a false calculation on its face because the homes are moving toward being worthless and homeowner eguity should NOT be used to calculate NPV for a homeowner who is NOT even behind in their payments.

with interest rates on mortgages falling and home values falling what these lenders are doing along with the alleged forebearance of the Iowa Attorney General is giving the legal ra tionalization

for th e banks to get out ot the ASSET on their books that is going SOUTH in value.

in other words, the banks are insolvent and they are being propped up with phony numbers.

Having someone do something with a loan

and NOT tell them about it beforehand is INTERSTATE FRAUD and RACKETEERING.

there are two federal class action lawsuits and one state lawsuit for RICO now in California , Kentucky and Illinois

for this very thing , misrepresentation by the big banks and servicers to the homeowners.

all I can say is I have written a dozen letters to congressman and senators and federal agencies a nd they are all switched off for using their regulatory powers to stop this.

the OCC of the us. treasury dept ( comptroller of the currecny IE OCC) has REGULATION 30 powers already within their federal statues to

SHUT ALL OF THIS FRAUDULENT CONDUCT DOWN

Mr BILL WALSH of the OCC is allegedly stonewalling me and thousands of others. There may be as many as 500,000 complaints about this problem at the OCC and allegedly they and Senate and House Banking Committees know about them and the attorney generals as well. and they are all allegedly looking the other way while this alleged fraud goes on.

so bottom line

what I did is before I signed anything I am my representative

requested fuil Truth in Lending documents, RESPA HUD 1 Documents. when I didnt get them I didnt sign.

it is a new loan , the so called MOD then it must conform to NEW LOAN federal and state requriements.

Mr IOWA attorney general is flat out allegedly wrong on the math and the law.

and he is the alleged reason why the banks continue to do this, no one will stop them

so I pray ever yday for a miracle. that a federal judge like a hundred of them unanimously

order that all foreclosures to STOP and that any actions to mod must produce TILA Docs etc and dual track must be disclosed u p front to the homeowner.

and NO foreclosure occurs without ARBITRATION first between bank/lender and homeowners and that all foreclosures for the last four years are NULL AND VOID and full restitution be made to the homeowners for their stolen equity.
best regards
David B.

DONT loose hope I meant to say and it was in 1999…

You are so right… I was just about gettin ready to say something similar…I see that happening today here in America…slowly but surely the banks et al are stealing our freedom and also leading to the slaughter…with not much objection from the masses…they are introducing so many distractions into the media to divert the attention from these foreclosure issues..
Those that are casting judgement upon those loosing their homes are obviously ignorant and lack knowledge of the truth, and when told the truth, they reject it in their self righteous way..l.yes their day will come…I hope for their sakes they wake up early and smell the roses…so to speak…
The Bible says my people perish for lack of knowledge and for rejecting the truth…
Let me recomnend an interesting book…”Lenders are using foreclosures to stealo us blind. Uncover their game plan and learn how to win!…WINNING Against Foreclosure- A Strategic Guide by Richard Merrill Kahn…a former insider of the securities etc…so those who are not in foreclosure YET learn what part they continue to play in the banks long term scheme of strategy to eventually defraud them of their home…
Ever since I found out some of the many frauds that are just being exposed now, I have not participated in the sale of any foreclosed homes, nor do I participate in modifications or shortsales…and am so glad now …I wanted to have clean hands and clean income…my God given conscience would not allow me to gain off anothers’ tragedy…loosing one’s home is a huge tragedy…should not be happening in America…as REALTORS we have fought over the years for right of homeownership…of course in every profession there is the good, the bad and the ugly, …

So, for those who are judgemental and critical…give GOd thanks for still having a job and a home, as a Realtor, we dont get unemployment checks, or regular pay checks, so no sale no income…go figure…but I am grateful and thankful to the Lord for His promises…He provide food, shelter and clothing and does care for us if we let Him…and He lets the rain fall on the good and the bad…we still have so much to be thankful for…everyone has his story and everyone needs to know where his faith lies, mine is in God I do trust and He has remained faithful. By His grace and in His name I will allow NO ONE to take away my home and will continue to stand with those who are declaring the same…that is why all these frauds are being exposed…
The so called HAMP and other programs are to help the banks, NOT THE HOMEOWNER, as you so rightly said….rob a man and he is angry, yes, but rob him of his home and shelter for his family and protection within its walls and you see what happens…it is far from being over…do loose hope…and be prepared sometimes to move on to a better life after foreclosure if it does happen…but we are warned that when we see God punish our enemies, and HE has already started to do so, then we must not laugh as He will then stop punishing him…have faith in GOd, ask Him to help your faith and trust Him, I know, I gurantee that He will rescue you. Done ever loose hope, ever, this is America and do not be as lamb to the slaughter as the Jews not so long agao…do we ever learn from history? How soon we forget. In 199, on his way out, BIll Clinton Republican Congress repealed the 1933 Bank Act that would have been protecting the borrowers today….imagine…opening the door for once again the predatory lenders that set up the crash that caused the Depression…
Pray for the judges, that they are enlightened and see what is happening and that they will judge righteously and fairly…pray out the ones who wont and see what happens…..