I have no pity for the investors. Anyone who has read a PSA knows that the problems we are facing trying to find out who owns our loans, and the lack of servicing by the banks on behalf of our fiduciary rights, is explicitly written into the PSAs. The investors bought these loans with full knowledge of the extrinsic fraud that would be used against borrowers. I picture these suits more as devide-and-conquer. They fight each other, their depositions become public, and we gain from these disclosures.

Colin, the realistic value is, these houses are worth ZERO. THEY ARE WORTHLESS BECA– USE OF ALL OF THE MORTGAGE FRAUD. TIME FOR THE BANKSTERS TO WALK AWAY FROM TRYING TO FRAUDCLOSE AND STEAL OUR HOMES THAT THEY DO NOT OWN. THEN, THEY MUST GIVE THE HOMELESS PEOPLE WHO ARE NOW LIVING IN THEIR CARS, TENTS, UNDER VIADUCTS, AND IN THE STREETS, BECA– USE OF THE PRETENDER LENDERS PURE GREED, BACK THEIR STOLEN HOMES AND A BIG MONETARY SETTLEMENT SO THEY CAN GET THEIR STOLEN LIVES BACK ON TRACK.. .

THERE ARE NO LOANS TO BE RE-WORKED, THAT WOULD BE MORE FRAUD. THESE ARE PRETENDER LENDERS, THEY NEVER LENT ANYONE ANY MONEY. IT IS CALLED COUNTERFEIT SECURTIES FRAUD. The loans NEVER existed. They were FLOATED and they made HUNDREDS OF TRILLIONS OFF OF THAT DECEPTION. The FOREIGN FINANCIAL CRIMINALS MADE 100 TRILLION DOLLARS OFF OF THE MORTGAGE DERIVATIVE FRAUD ALONE. ALL OF OUR HOMES HAVE BEEN PAID FOR 3-4 TIMES OVER. THEY GOT PAID AND THEN SOME. RESCIND THE FAKE CONTRACTS. THEY ARE PHONY AND FRAUDULENT. THESE FINANCIAL TERRORISTS ARE JUST BEING GREEDY NOW, THEY WANT THAT CREDIT DEFAULT SWAP INSURANCE MONEY AND _OUR HOMES_. THEY ARE GREEDY PIGS, GORGING THEMSELVES AT THE TROUGH. THEY ALSO GOT THE GINORMOUS TARP/HAMP BAILOUT AND MANY OTHER BACK DOOR BAILOUTS. THE FEDERAL RESERVE HAS BEEN COVERING THEIR ASSES WITH QE1&2. THEY KEEP GETTING RICHER AND WE KEEP GETTING POORER. THEY HAVE ROBBED AMERICA BLIND AND THEN SOME. If I hear the word loan modification one more time I am going to throw up.

I agree, there is rampant corruption at all levels. I hope they sue them all out of existance. Now Bloomberg is reporting that the Foreign investors want an investigation into Goldman Sucks and AIG. I think FANNIE/FREDDIE should be on that list along with the so-called RATINGS AGENCIES. They were all FOREIGN MULTINATIONAL PERPS and PIMPS, FRAUDSTERS AND PONZI SCHEMING/SCAMMING LYING CRIMINAL SHEISTER GIANT PIECES OF SHIT.

Exactly. If the Investors and the Borrowers could be brought together, I am sure the loans could be re-worked to a more realistic value. Fat chance of that happening…

Absolutely, without a national moratorium this will contine to sink the u.s. into the abyss. At least with the investors starting to sue there is a chance of saving this. The banks have failed in more ways than one. Perhaps the borrowers should contact the investors directly to try to rework their loans. Afterall the investors are the local municipalities, pensions funds, etc. If the individual borrowers made contact then the liars in this whole scam would be weeded out.. The first step would have to be disclosure. Which mbs actually believes they own the loan. Guess it would come down to whoever got the first ‘assignment’ a joke of course since each loan was divied up and sold with no assignments, guess that won’t work either.