Make It Plain: David Dayen on “Chain Of Title: How Three Americans Uncovered Wall Street’s Great Foreclosure Fraud”
Original Airdate: 6.10.16
“Make It Plain,” hosted by Matsimela Mapfumo-Mark Thompson, is a political, human rights, and breaking news program which airs on Sirius XM Progress 127, M-F, 6-9p ET.
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The problem I have with Dayen’s explanation of the Securitization process is that he states the mortgages were created and then sold ….. The fact is table funding , or CONDUIT FUNDING is an act where the ” straw man lender” takes money from the conduit and funds the loan and misleads the borrower into thinking the money came from them , which it didn’t !!! The securitization is the event taking place before the note is actually signed making the clause on the note ” may transfer ” in the future and IMPOSSIBLE EVENT !!! It’s FRAUD IN THE FACTUM and gives every homeowner a right of RESCISSION !!!
It was a LIE from the beginning , and perpetuated all the way through the alleged securitization process to the stealing of our homes !!! First they stole you personal property ( note ) then they proceeded to steal your real property !!! Look up what the ” INTENTIONAL TORT OF CONVERSION ” means …..