Comments on: PONZI | MORTGAGE-BACKED TRUSTS – RUNNING ON EMPTY?

By: Mark Freedman

Mark Freedman — Sat, 18 Feb 2012 17:39:26 +0000

People of America , wake up and smell the coffee! We have all been scammed! If your loan has been securitized its been paid for by a third party whom has no interest in the loan now. Your loan has been converted in a security.
Find out if your loan has been securitized. Scott Pelley of 60 minutes could not have said it better on mortgage fraud April 3rd 2011. People its up too you to find out for yourself s. Do you owe it?

By: lvent

lvent — Wed, 07 Dec 2011 19:42:38 +0000

In reply to lvent.

I was in court last week fighting my fraudclosure…I told the attorney in the hallway after court, ..”I want to see some Discovery…the PSA agreement, the assignments…I want proof of when the loan was delivered to the trust and so on”…..He told me”there is NO TRUST…THE LOAN WAS NEVER DELIVERED TO A TRUST…THERE IS NO PSA AGREEMENT AND THERE ARE NO ASSIGNMENTS….” I told him..”.Well than this is an UNSECURED DEBT…YOU ARE NO MORE THAN A THIRD PARTY DEBT COLLECTOR”…He said, ” I did not say that”….
.WELL THE NOTE IS UNENDORSED….!!! SO HE ADMITTED TO THE MASSIVE FRAUD THAT WAS COMMITTED IN MY NAME……..!! THE NOTE WAS SOLD ON WALL STREET…AND IT WAS NEVER DELIVERED TO THE TRUST…THAT IS SECURTIES FRAUD…….. COUNT ONE…..!!!

By: lvent

lvent — Wed, 07 Dec 2011 19:34:44 +0000

Expect more secret FED bailouts and more theft of the American peoples homes and wealth….they will steal until the American People are BANKRUPT…and declare we are all renters of our homes now because the fraud is just to massive…!!! DO NOT CONFORM AND COMPLY….!!!! THEY ARE STEALING OUR COUNTRY TO PAY FOR THE GSE’S AND WALL STREETS UNSUSTAINABLE DEBT….THEY COMMITTED.$700 TRILLION IN MORTGAGE COLLATERAL FRAUD….IT CAN NEVER BE PAID BACK..THE BIG LIE THEY ARE USING TO BANKRUPT US IS WE THE PEOPLE DID THIS!!! BIG LIES!!! DON’T SIGN OR AGREE TO ANYTHING…..!!! FIGHT THAT FRAUDCLOSURE PEOPLE!!!!!

By: Kathleen Burt

Kathleen Burt — Wed, 07 Dec 2011 06:41:53 +0000

In reply to Ali.

BoA–will it survive? The shares were around $5 apiece when Buffet bought his. To him it was probably like buying a stack of lottery tickets–h paid his money and took his chances. Looks like their investors are in trouble..

By: Kathleen Burt

Kathleen Burt — Wed, 07 Dec 2011 06:38:22 +0000

Excellent research, thanks! What you found on Deutsche Bank –wow!

Just finished Michael Lewis’ trerrific book, Boomerang, on the securitzation fiasco in Europe, he has different chapters on 5 countries–a quick and fascinating read. The German chapter covers Deutsche bank–how happy they were with what they bought, all those “safeguards,” the high Moody’s rating, the Fed and the SEC standing behind the mortgage securities,, “what could possibly go wrong? Europe doesn’t have protection like that!” Right.

Interested in knowing about the solvency of NY Mellon Bank ( Wall Steet Trust) that has my note….?

Noted that Bernacke, in the last press conference, was asked what the Fed is buying; he said, Mortgage backed securities.” Trying to shore them up, no doubt.

Bet the Europeans wish we’d never dropped Glass-Steagall.

By: Pat

Pat — Wed, 07 Dec 2011 06:30:47 +0000

The questions that need to be confirmed are as follows: is it true, that when a loan defaults that is in a securitized trust, that built in the pooling and servicing agreement is insurance that pays the trust for their losses from a defaulted mortgage? Is it also true that the entity servicing the loan has the right to buy said mortgage (which is now unsecured) for pennies to the dollar in order to foreclose on the property held as collateral, even though the Note has been separated from the Deed/Mortgage. If this is true, the Note has been paid thus the servicing entity sells the property for a profit plus gets to keep all the fees collected throughout the foreclosure process? Is this true?

By: qwester

qwester — Wed, 07 Dec 2011 06:04:38 +0000

how can I discover the same for bear stearns abs I LLC 2004-FR3? CAN I DISCOVER IF MY MORTGAGE AND NOTE ARE IN THIS TRUST?

By: Ali

Ali — Tue, 06 Dec 2011 23:55:57 +0000

I just heard on Fox news that BOA just made a gigantic settlement with investors!!!!!! Sounds like the little people are taking it in the you know what AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

By: Art

Art — Tue, 06 Dec 2011 20:38:32 +0000

The big banks have all been bailed out and paid off for these so-called bankruptcy remote trusts by the not “federal” no “reserve”s scam “system”. Then they usually collected on more than one credit default swap or credit insurance policy, thus having been paid in full at least twice on “money” that was made up out of thin air in the first place. So why do our mortgage balances still exist ?

By: Ron Moss

Ron Moss — Tue, 06 Dec 2011 18:52:12 +0000

You two have restored my faith in human beings Lisa you are tops in your dependability measure. Now I know Ron Paul will be elected next. He understands the federal reserve. Along with Michelle Bachmann, Both will fire Ben Bernanke and know the reasons why. Thanks again.