Comments on: White Paper: In Defense of Ocwen Servicing – July 2016 Update

By: lvent

lvent — Fri, 22 Jul 2016 02:11:30 +0000

Moreover, it’s still going on under many guises but insurance fraud like catastrophic loss they create under the guise of HO INSURANCE the investors repurchase fraudulently under every type of insurance imaginable is the INVESTMENT BROKERS fallacy in the belief investment is ownership when it’s not.

If it were, we would be slaves by proxy of some unknown trade which makes the bailout of AIG criminally catastrophic because they think they’re owners of something that can be hunted like prey which is based on paganism & its pragmatic beliefs.

By: lvent

lvent — Fri, 22 Jul 2016 01:58:18 +0000

One of the banksters was on CNBC saying people bought houses they didn’t qualify for & the link below discredits that because they were obviously credit brokering mortgage fraud like valuable commodities they weren’t.

By: lvent

lvent — Fri, 22 Jul 2016 01:26:17 +0000

IF YOU’RE STILL SELLING DRUGS YOU’RE STUPID MORTGAGE FEAUD:

http://tippingpitchers.com/showthread.php?t=35380

By: mike Drouin

mike Drouin — Thu, 21 Jul 2016 12:51:35 +0000

The mistake everyone makes , and I did to , in my Federal Court case , is allow any entity the argument that a Mortgage Loan ever existed !!! What has happened to millions of American Families is that they were led to believe they were entering into a Mortgage contract with the entities they created documents with , but that was ” never ” the INTENT of the entity who never executed a Mortgage contract nor did they at any time , loan you any money !!! These ” Straw man ” Lenders and Mortgage Documents are a front to hide what was taking place , behind your back and without your knowledge !?!?
What was actually brokered was an illegal contract using your personal property ( note ) converted into securities with your home giving value to those securities . This is called , THE INTENTIONAL TORT OF CONVERSION and it is outright THEFT !!! So where did the money come from if you had to pay an entity off in a refinance ??? Behind the scenes , Investors put money into a REMIC , Real Estate Mortgage Investment Conduit , this money was used to fuel the scheme for obscene profits created by the INVESTMENT BANKS who created the securities sold to the investor to create income streams flowing from homeowner to Investor . So now you have a Banking system who set up a contract between the Homeowner who doesn’t have a clue what they are involved in and the Investor , who think they are in long term investments but are set up to fail within three to five years of origination . The Banks played both ends against the middle and when the designed collapse came , they fired up the foreclosure mills and Millions of Homes were stolen or equity gutted in one of the largest confiscation of wealth in the history of the United States !!!!! Because CONVERSION is illegal , you have a right to RESCIND the bogus Mortgage documents !! Consummation never occurred , and there can be no ” Mutual Assent ” to the terms of a contract when the Mortgage terms were never executed !!! besides the violation of contract Law , several Federal Statutes were violated , Truth in Lending Act ( TILA ) , Real Estate Settlement Procedure Act ( RESPA ) Uniform Electronic Transfer Act ( UETA ) , and State Law .

By: Concerned

Concerned — Wed, 20 Jul 2016 21:14:45 +0000

That paper needs to be printed on softpaper so it get the same usage as the old thick Sears Roebuck catalogs: they were used as toilet paper in the out house/latrine.

Interesting that the paper cites just the two characters in my own parade. Of course, mine starts with Litton which was acquired by Ocwen. Litton had already generated ‘problem paperwork’ in my account, one being the assignment to an incorrect version of the CWABS trust, many years too late. Other issues were also generated by Litton and LSI.

Then Ocwen bought Litton from Goldman-Sucks.

Then Ocwen claimed to have the ability to use a Power of Attorney to assign from the badly-named version of the trust to the one that at least had some paperwork done, albeit without ever needing a BANK ACCOUNT. That assignment is so self-serving on Ocwen’s part.

Now HOW, just HOW did the (EMPTY) trust manage to have anything of value to transfer to obtain the loan? That is what the new assignment claimed to do (transfer for value received). They need to have a POA for BOTH ‘entities’ and while Ocwen MIGHT get a POA produced for the CWABS account that they really WANT to claim the loan for, there is no ability to EVER produce the POA for the first trust. Nor can the first trust named take anything of value. It has no bank account nor any employees.

At the time of the attempted assignment, the loan was supposedly in default. So, that is also an issue. Transfer of a loan too late is a big no-no. Another big no-no is any attempt to acquire a loan that is supposedly already in default.

After doing these deeds, the servicing was transferred to SPS from Ocwen.

All of the paper deserves to be used as toilet-paper.