Wells Fargo Home Loans Head Still Thinks He Has Credibility on Housing Policy
Who better to tell us how to “get housing right” than the head of Wells Fargo Home Loans! Surely Mike Heid would have no conflicts of interest and would solely have the benefit of the homeowner in mind.
• In the short-term, I believe it is critical to end uncertainty about rights and responsibilities between market participants. Simultaneously, we need to work hard to find long-term bipartisan solutions to restructure the housing finance system in America.
• Washington did the right thing in setting up HARP – a national program that ensures all servicers know the rules in refinancing underwater loans. We need to give this program – and others – time to work. I would urge caution when considering whether additional housing programs are necessary at this time.
• Finally – and perhaps most importantly – regulators need to strike the appropriate balance between risk management on the one hand and giving more consumers a better chance to get loans on the other.
Let’s translate this, shall we:
This UNDER WATER mortgage is a DECEPTION of FRAUD from the PRIME BANKS to CREATE fear to the homeowners.
This is Actually to cover up the FACT that the SUBPRIME BANKS have SOLD ALL PROMISSORY NOTES AKA the MORTGAGES to WALL STREET who then changed your PROMISSORY NOTE into SECURITIZED ASSET CERTIFICATE for the TRUST. Your Subprime Bank was PAID.
WHEN THIS HAPPENED, YOUR SUBPRIME LENDER LOST THE RIGHT TO 4CLOSE.
IN YOUR DEED OF TRUST, IN REFERENCE TO YOUR PROMISSORY NOTE IT SAYS “NOTE” NOT STOCK or SECURITIZED ASSET. ” WHAT IT SAYS ON THE DOT IS WHAT IT MEANS”
ONCE YOUR SUBPRIME BANK & WALL STREET DID THIS WITHOUT YOUR PERMISSION THEN IT BECAME A BREECH OF CONTRACT, AND NO OTHER BANK, SERVICER, OR TRUSTEE COULD 4CLOSE BECA– USE THEY COULDN’T GET ANY VALID CHAIN OF ASSIGNMENTS. IT WAS 99% IMPOSSIBLE. THAT’S WHY THOSE PRIME BANKS ARE NOT RECORDED IN YOUR COUNTY RECORDS.
ALSO YOUR SUBPRIME LENDER HAS WENT OF BUSINESS, BANKRUPT, CLOSED, ONLY HAD THE RIGHT TO 4 CLOSE, BUT THEY’RE LONG GONE. NOW YOUR DOT CONTRACT WITH YOUR SUBPRIME BANK IS NO GOOD. “YOUR CONTRACT IS NOW CANCELLED.”
IN 2008 THESE PRIME BANKS BEGGED & ALL THE OUTSTANDING DEBTS WAS PAID BY THE TARP.
YEARS LATER THE PRIME BANKS THEN DECIDED TO GO AFTER YOUR HOMES B/C U DIDN’T KNOW THAT YOU’RE SITTING ON A HOME FREE & CLEAR.
THE PRIME BANKS & THEIR ACCOMPLICES MERS, RECONTRUST, TRUSTEE DECIDED TO CREATE BACKDATING ROBO SIGNING FRAUD TO NOW STEAL YOUR HOMES FROM YOU BY GOING AFTER THE CLOSED SUBPRIME BANK & TRUST THAT NO LONGER EXIST.
THEY GOT PAID BY GOING AFTER YOUR MORTGAGE INSURANCE THAT THE GOVT WILL PAY & CREATED A FAST 4CLOSURE & GOT PAID.
DECEMBER 23, 2010 THESE BANKS WERE ALL FOUND GUILTY OF 4CLOSURE FRAUD BOA, WELLS FARGO BANK, CHASE, & OTHERS. ALL PRIME BANKS SIGNED CONSENT DECREE TO STOP, BUT THEY’RE STILL DOING IT. “A GUILTY CONVICTION OF FRAUD IS GUILTY”
AMERICAN PEOPLE WERE IS A LAW STATED THAT YOU HAVE TO GIVE UP YOUR HOME TO FRAUD?
IT’S NOW TIME TO RISE UP! FORWARD TO ALL!
http://www.thepetitionsite.com/983/896/071/american-people-lets-all-stop-the-wrongful-foreclosure-fraud/
I am currently fighting HSBC, and Delta funding was my loan originator and they have since filed bankruptcy in 2007, right after I closed, And I have had a lawyer look at my documents in the court house and she said there no paper trail from Delta funding – HSBC, I would like to find out if my loan was already paid off thru insurance or by TARP funds. BH