Livinglies Needs Your Help Researching SEC Filings

If you have access to Bloomberg professional or other such service here is the list of items we might want on any one occasion. Obviously once we have it we don’t need to do it again for the same series of certificates.

Wish list would be documents we could lift, paste, print and use in whole or in part, as follows:
1. Search on any name in transaction and come up with all associations in SEC filings, press articles etc.
2. Identify the pooling and services agreement through date and geography parameters
3. Identify the assignment and assumption agreement through date and geography parameters
4. Identify any distribution reports from the “Trustee” to investors or if not from Trustee identify source of distribution reports
5. Identify the Certificate of Asset Backed Security
6. Identify the mortgages and notes allegedly assigned into the SPV and the instrument utilized to do it
7. Identify the rating agency on the securities sold
8. Identify the selling company that sold the securities (usually not the investment banker or the SPV)
9. Identify the investment banker that orchestrated the deal
10. Identify the CDO (collateralized debt obligation) manager for the investment banker
11. Identify the Trustee for holder of the relevant securities and instrument empowering the Trustee to do anything
12. Identify the Mortgage aggregator (wholesaler) and any agreements attached as exhibits to SEC filings
13. Identify the Trustee of Pooled Assets created by mortgage aggregator and the instrument empowering the Trustee to do anything
14. Identify any agreements between aggregator and investment banker, SPV, CDO or Seller or Trustee attached as exhibits to any SEC filing
15. Identify any transaction in which the investment banker, SPV, Trustee or other party received a loan, grant or investment from Federal reserve, US Treasury or other government source.
16. Identify any SIV (structured Investment Vehicle) utilized and its location
17. Identify custodian of notes and mortgages
18. Identify any agreements with MERS and any of the above parties or any agreement regarding the assignment and transactional recording of assignments of notes, mortgages, obligations or security interest
19. Identify any buy-backs of securities issued
20. Identify any buy back of any pooled loans
21. Identify any substitutions of performing loans for non-performing loans

21 Responses

  1. Mr. Garfield,

    On 11/7/2014, my first home in Lynnwood, WA, was foreclosed by Ocwen, transferred to US Bank National Association (UBNA)

    Our original lender was Ownit Mortgage Solutions (no longer in business since December 2006, under Chap 7).

    USBA claimed as Trustee for Ownit Mortgage Loan Asset Backed Certificates, Series 2006-7.

    There were 2 assignments of our Deed of Trust signed by suspected robo-signers – Noemi Morales Gonzales and the other signed by John Crandall.

    If I have a case, can you refer me to one of your lawyers?

    Thanks

  2. Happy Holidays Mario;

    For securities in general that are on the exchange, like bonds issued by the state and federal government, where are they all listed?
    How may I find out what all of the different group of numbers’ purpose are and where they originated from, on the bonds? \
    If you do not have these answers, then would you be aware of where I may find the answers out for myself?

  3. My mortgage is part of this series? It originated with Argent. I’m concerned I will never get clear title and am under water 150%.

  4. Hi, apparently my mortgage/note is held by this trust. Are you guys investors in the trust or fighting the foreclosure of the trust?

    Forgive the dumb question please. I just dipped my toe into this mess so I’m a little dumbfounded by the whole thing

  5. Ken – have you found a similar site for WAMU or JPMorgan Chase? I see no link in the pooling agreement that I think is relevant to my loan (but can’t be sure). How do I find my actual loan number? My search of SEC/Edgar is coming up with nothing.

  6. StopGOVTwaste….find the section, within your prospectus or the pooling and service agreement that speaks of the master servicer. There should be a link there that takes you to their accounts section…..Sign up and register and once in simply cross-reference your trust series and walla…..all the monthly statements since the trust has been in existence……account numbers and all

    This will tell you also which group your loan belongs to which can than be cross referenced to the mumbo jumbo in the prospectus in which you can than find which tranches you are possibly in…

    Also the statement will show if their is a hedge fund, CDS, which usually will be a foreign bank ….

    If your master servicer happens to be Wells Fargo, the link for you to go to is

    http://www.ctslink.com/index.jsp

    There is gold mine of information contained within ……

    Ken

  7. My note was endorsed at closing to SunTrust, MERS was listed as mortgagee and nominee on the mortgage and was also insured as mortgagee on my title insurance policy.

    JP is the servicer.

    I went to SEC/EDGAR and pulled up SunTrust 2006 MBS;
    http://www.sec.gov/cgi-bin/browse-edgar?company=SunTrust&match=&CIK=&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany

    I then found CIK# 0001358375

    FOR SUNTRUST ALTERNATIVE LOAN TRUST, SERIES 2006-IF MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2006-1F SIC: 6189 – ASSET-BACKED SECURITIES

    http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001358375&owner=exclude&count=40

    Am I on the right track? Can I assume that since my note was endorsed to SunTrust in April of 2006 that I am heading in the right direction? Your help is greatly appreciated!

  8. I’d like to know the difference between 10k & SE exhibits and how to match your property to the number listed as it seems one must have a cross reference list or something else to decipher. I thought the SE exhibit was where you would find your loan number… there must be more than one way to research this. They play “hide the ball” real well don’t they.

  9. Does anybody have anything on Ownit Loan Trust series 2005-4…….I have the all SEC files I just need some guidance on what exactly I should be looking for

    thank you

  10. AND read the Bankruptcy Examiners Final Findings on New Century Mortgage/HOME123
    at http://www.law.com/jsp/ihc/PubArticleIHC.jsp?id=1206700935093

    The Examiner’s name is Michael Missal and it is a 581 page report!!

    Contains a lot of great information and the intricacies of how this predatory subprime lender operated.

  11. Be sure to check into the Stanford Securities Class Action Clearinghouse website at
    http://securities.stanford.edu/

    A wealth of information. Anyone who was a victim of New Century Mortgage/HOME123 should read especially the amended and consolidated complaints.

    Countrywide and many others are listed here…

  12. I found mine through google and sec.info.gov. I found the exact pooling and servicing agreement for my dad as well. I had tho gothrough over 2400 pages to get it and some of them even offer actual diagrams of the relations of the master servicer, sub-servicer, custodian, trustee, insurer, originators, ext. Don’t give up it may take a while but I am working on a few easier ways to find them. I’ll keep you posted.

  13. Whose prospectus?

    Dan, if you are correct and the bank (which bank?) no longer has an interest in the note, where then go the streams of revenue from performing loans?

    If anyone sees any SEC filing re SASCO 2005 RF5, please let me know.

    RSVP
    Allan
    BeMoved@AOL.com

  14. Mike,
    Yes you are reading this correctly. I found my 10K but I have yet to link my actual loan to a specific bond series. Have you actually found out which series of bonds from this 10K is connected to your loan? I actually purchased a book that I thought explained this process fairly clearly to me. It is from somebody in the Investment banking field. The book is called Structured Finance and Collateralized Debt Obligations: New Developments in Cash and Synthetic Securitizations (Wiley Finance) – by Janet M. Tavakoli. I am sure there are many others also. Its my understanding from information on this site and reading that book that the bank no longer has an interest in your note.

    Dan Edstrom
    dmedstrom@hotmail.com

  15. check out this :
    “After issuance of the certificates, the depositor will have no material
    obligations with respect to the certificates and mortgage loans, other than the
    (i) the right to appoint a successor trustee upon the resignation or removal of
    the trustee and (ii) the obligation to indemnify the underwriter against certain
    liabilities under the Securities Act of 1933, as amended.”

    So the seller (the lender) sold to the depositor who I guess sold to the issuing company of the security, is saying in their own prospectus that they have no obligation to the loans or certificates … and then they initiate foreclosure proceedings?!? After they sold (no longer own the loan )?!?!

    Am I reading this right?

  16. man oh man – this just keep getting more intense – once you find your loan in the 10k docs – search for the prospectus – the 10k I gave a link to above goes along with this prospectus http://www.sec.gov/Archives/edgar/data/1354935/000089109206000528/e23488-424b5.txt
    It lays out everything – the pools, the servicers, the swap, the ratings by moody’s – I feel like NEO from the Matrix who took the pill and had his eyes opened 🙂

    Seriously – read through these 2 links

  17. My guess to #2 would be no since the actual entity that holds the alleged notes is not the bank (it is some sort of Special Purpose Vehicle/Entity). I am learning more everyday but I am certainly no expert on this.

  18. http://www.sec.gov/Archives/edgar/data/1354935/000105640407001213/arm06001_10k-2006.txt

    All of the players are listed in the above link that are in connection with my loan.
    Loan is a 2/28 arm originated by ownit in feb 2006
    it is being serviced by Select Portfolio Services
    I am being foreclosed on by DLJ Mortgage Capital

    Can any of the attorney’s out there explain and help with this. I know there are a lot of “lurkers” out there who are lost and confused by this. Heck, I have been in the real estate industry for 22 years and this side of the transaction is mind boggling.

  19. I was researching one of my loans and ran across this 10k – http://www.sec.gov/Archives/edgar/data/1354935/000105640407001213/arm06001_10k-2006.txt

    Talk about a Den of Thieves – all of the lenders are so intertwined that it makes my head spin – take a look at this cut and paste from the 10k:

    EXHIBIT B
    2006 Transactions

    Non-Specific Transactions Nominal Trustee Transactions

    ACE Series 2006-GP1 Bear Stearns Series 2006-PWR11
    Banc of America Comm. Mtge Series 2006-2 Bear Stearns Series 2006-PWR12
    Banc of America Comm. Mtge Series 2006-5 Bear Stearns Series 2006-PWR13
    Bear Stearns Series 2006-AQ1 Bear Stearns Series 2006-PWR14
    Bear Stearns Series 2006-EC1 Bear Stearns Series 2006-TOP22
    Bear Stearns Series 2006-EC2 Bear Stearns Series 2006-TOP24
    Bear Stearns Series 2006-HE1 GSAA Home Equity Trust 2006-14
    Bear Stearns Series 2006-HE2 GSAMP Series 2006-HE3
    Bear Stearns Series 2006-HE3 GSAMP Series 2006-HE4
    Bear Stearns Series 2006-HE4 GSAMP Series 2006-HE5
    Bear Stearns Series 2006-HE5 GSAMP Series 2006-HE6
    Bear Stearns Series 2006-HE6 GSAMP Series 2006-HE7
    Bear Stearns Series 2006-HE7 GSAMP Series 2006-HE8
    Bear Stearns Series 2006-HE8 JP Morgan Series 2006-LDP9
    Bear Stearns Series 2006-HE9 Morgan Stanley Series 2006-TOP21
    Bear Stearns Series 2006-HE10 Morgan Stanley Series 2006-TOP23
    Bear Stearns Series 2006-PC1 Morgan Stanley Capital I Series 2006-HQ10
    Bear Stearns ABS Series 2006-1 Morgan Stanley Mtg Loan Trust Series 2006-16ARX
    Bear Stearns Mortgage Funding Series 2006-SL1 Morgan Stanley Mtg Loan Trust Series 2006-1AR
    Bear Stearns Mortgage Funding Series 2006-SL2 Morgan Stanley Mtg Loan Trust Series 2006-3AR
    Bear Stearns Mortgage Funding Series 2006-SL3 Morgan Stanley Mtg Loan Trust Series 2006-5AR
    Bear Stearns Mortgage Funding Series 2006-SL4 Morgan Stanley Mtg Loan Trust Series 2006-6AR
    Bear Stearns Mortgage Funding Series 2006-SL5 Morgan Stanley Mtg Loan Trust Series 2006-8AR
    Bear Stearns Mortgage Funding Series 2006-SL6 Morgan Stanley Mtg Loan Trust Series 2006-9AR
    C-BASS Series 2006-CB7 Morgan Stanley Mtg Loan Trust Series 2006-2
    C-BASS Series 2006-CB9 Morgan Stanley Mtg Loan Trust Series 2006-7
    Citigroup Commercial Mortgage Trust Series 2006-C4 Morgan Stanley Mtg Loan Trust Series 2006-11
    Citigroup Commercial Mortgage Trust Series 2006-C5 Morgan Stanley Mtg Loan Trust Series 2006-12XS
    CD 2006-CD3 Mortgage Trust Morgan Stanley Mtg Loan Trust Series 2006-13ARX
    COMM Series 2006-C8 Morgan Stanley Mtg Loan Trust Series 2006-15XS
    CSFB Commercial Mtg. Trust Series 2006-C4 Morgan Stanley Mtg Loan Trust Series 2006-17XS
    First Franklin MLT Series 2006-FF18 Thornburg Mtg Securities Trust Series 2006-1
    Greenwich Capital Series 2006-GG7 Thornburg Mtg Securities Trust Series 2006-2
    GE Capital Comm Mtg. Corp. Series 2006-C1 Thornburg Mtg Securities Trust Series 2006-3
    JP Morgan Series 2006-CIBC14 Thornburg Mtg Securities Trust Series 2006-4
    JP Morgan Series 2006-CIBC15 Thornburg Mtg Securities Trust Series 2006-5
    JP Morgan Series 2006-CIBC17 Thornburg Mtg Securities Trust Series 2006-6
    JP Morgan Series 2006-LDP7 ZUNI Trust Series 2006-0A1
    JP Morgan Series 2006-LDP8

    Custodian Only Transactions Paying Agent Only Transactions

    Basic Asset Backed 2006-1 Washington Mutual Series 2006-AR2
    Credit Suisse AB Series 2006-1 Washington Mutual Series 2006-AR6
    Credit Suisse AB Series 2006-2 Washington Mutual Series 2006-AR7
    Credit Suisse AB Series 2006-3 Washington Mutual Series 2006-AR8
    Credit Suisse AB Series 2006-4 Washington Mutual Series 2006-AR9
    Credit Suisse ARMT Series 2006-1 Washington Mutual Series 2006-AR10
    Credit Suisse ARMT Series 2006-2 Washington Mutual Series 2006-AR11
    Credit Suisse ARMT Series 2006-3 Washington Mutual Series 2006-AR12
    Credit Suisse HEMT Series 2006-1 Washington Mutual Series 2006-AR13
    Credit Suisse HEMT Series 2006-2 Washington Mutual Series 2006-AR14
    Credit Suisse HEMT Series 2006-3 Washington Mutual Series 2006-AR15
    Credit Suisse HEMT Series 2006-4 Washington Mutual Series 2006-AR16
    Credit Suisse HEMT Series 2006-5 Washington Mutual Series 2006-AR17
    Credit Suisse HEMT Series 2006-6 Washington Mutual Series 2006-AR18
    Credit Suisse Series 2006-1 Washington Mutual Series 2006-AR19
    Credit Suisse Series 2006-2 Washington Mutual Series 2006-HE1
    Credit Suisse Series 2006-3 Washington Mutual Series 2006-HE2
    Credit Suisse Series 2006-4 Washington Mutual Series 2006-HE3
    Credit Suisse Series 2006-5 Washington Mutual Series 2006-HE4
    Credit Suisse Series 2006-6 Washington Mutual Series 2006-HE5
    Credit Suisse Series 2006-7 Washington Mutual WMALT 2006-AR1
    Credit Suisse Series 2006-8 Washington Mutual WMALT 2006-AR2
    Credit Suisse Series 2006-9 Washington Mutual WMALT 2006-AR3
    Credit Suisse HEAT Series 2006-1 Washington Mutual WMALT 2006-AR4
    Credit Suisse HEAT Series 2006-3 Washington Mutual WMALT 2006-AR5
    Credit Suisse HEAT Series 2006-4 Washington Mutual WMALT 2006-AR6
    Credit Suisse HEAT Series 2006-5 Washington Mutual WMALT 2006-AR7
    Credit Suisse HEAT Series 2006-6 Washington Mutual WMALT 2006-AR8
    Credit Suisse HEAT Series 2006-7 Washington Mutual WMALT 2006-AR9
    Credit Suisse HEAT Series 2006-8 Washington Mutual WMALT 2006-AR10
    Lehman Mortgage Trust Series 2006-1 Washington Mutual WMALT 2006-1
    Lehman Mortgage Trust Series 2006-4 Washington Mutual WMALT 2006-2
    Lehman Mortgage Trust Series 2006-5 Washington Mutual WMALT 2006-3
    Lehman Mortgage Trust Series 2006-6 Washington Mutual WMALT 2006-4
    Lehman Mortgage Trust Series 2006-7 Washington Mutual WMALT 2006-5
    Lehman Mortgage Trust Series 2006-8 Washington Mutual WMALT 2006-6
    Lehman Mortgage Trust Series 2006-9 Washington Mutual WMALT 2006-7
    Lehman XS Trust Series 2006-1 Washington Mutual WMALT 2006-8
    Lehman XS Trust Series 2006-3 Washington Mutual WMALT 2006-9

    (page)

    Non-Specific Transactions Nominal Trustee Transactions

    Lehman XS Trust Series 2006-8
    Lehman XS Trust Series 2006-11
    Lehman XS Trust Series 2006-15
    Lehman XS Trust Series 2006-19
    Lehman XS Trust Series 2006-20
    Lehman Mortgage Trust Series 2006-2
    LB-UBS Comm. Mtge. Trust Series 2006-C1
    LB-UBS Comm. Mtge. Trust Series 2006-C3
    LB-UBS Comm. Mtge. Trust Series 2006-C4
    LB-UBS Comm. Mtge. Trust Series 2006-C6
    LB-UBS Comm. Mtge. Trust Series 2006-C7
    Merrill Lynch Series 2006-MLN1
    Merrill Lynch Series 2006-OPT1
    Merrill Lynch Series 2006-WMC2
    Merrill Lynch Series 2006-FF1
    Merrill Lynch Countrywide Series 2006-1
    Merrill Lynch Countrywide Series 2006-2
    Merrill Lynch Countrywide Series 2006-3
    Merrill Lynch Countrywide Series 2006-4
    Merrill Lynch Series 2006-AHL1
    Merrill Lynch Series 2006-AR1
    Merrill Lynch Series 2006-FM1
    Merrill Lynch Series 2006-HE2
    Merrill Lynch Series 2006-HE3
    Merrill Lynch Series 2006-HE4
    Merrill Lynch Series 2006-HE5
    Merrill Lynch Series 2006-HE6
    Merrill Lynch Series 2006-RM1
    Merrill Lynch Series 2006-RM2
    Merrill Lynch Series 2006-RM3
    Merrill Lynch Series 2006-RM4
    Merrill Lynch Series 2006-RM5
    Merrill Lynch Series 2006-SD1
    Merrill Lynch Series 2006-SL1
    Merrill Lynch Series 2006-SL2
    Merrill Lynch Series 2006-C1
    Merrill Lynch Series 2006-C2
    Morgan Stanley Capital I Series 2006-HQ8
    Morgan Stanley Capital I Series 2006-HQ9
    Morgan Stanley Capital I Series 2006-IQ11
    Morgan Stanley Capital I Series 2006-IQ12
    Morgan Stanley Mtg Loan Trust Series 2006-4SL
    Morgan Stanley Mtg Loan Trust Series 2006-10SL
    Morgan Stanley Mtg Loan Trust Series 2006-14SL
    OWNIT Mortgage Loan Trust Series 2006-3
    OWNIT Mortgage Loan Trust Series 2006-4

    Custodian Only Transactions Paying Agent Only Transactions

    Lehman XS Trust Series 2006-5
    Lehman XS Trust Series 2006-7
    Lehman XS Trust Series 2006-9
    Lehman XS Trust Series 2006-10N
    Lehman XS Trust Series 2006-12
    Lehman XS Trust Series 2006-13
    Lehman XS Trust Series 2006-17
    Morgan Stanley Series 2006-HE1
    Morgan Stanley Series 2006-HE2
    Morgan Stanley Series 2006-HE3
    Morgan Stanley Series 2006-HE4
    Morgan Stanley Series 2006-HE5
    Morgan Stanley Series 2006-HE6
    Morgan Stanley Series 2006-HE7
    Morgan Stanley Series 2006-HE8
    Morgan Stanley HEL Series 2006-1
    NYMC Series 2006
    SAIL 2006-1
    SAIL 2006-2
    SAIL 2006-3
    SAIL 2006-4
    SARM 2006-1
    SARM 2006-2
    SARM 2006-3
    SARM 2006-4
    SARM 2006-5
    SARM 2006-6
    SARM 2006-7
    SARM 2006-8
    SARM 2006-9
    SARM 2006-10
    SARM 2006-11
    SARM 2006-12
    SASCO 2006-BC1
    SASCO 2006-BC2
    SASCO 2006-BC3
    SASCO 2006-BC4
    SASCO 2006-BC5
    SASCO 2006-BC6
    SASCO 2006-S1
    SASCO 2006-S2
    SASCO 2006-S3
    SASCO 2006-S4
    Sequoia Alternative Loan Trust Series 2006-1

    (page)

    Non-Specific Transactions Nominal Trustee Transactions

    OWNIT Mortgage Loan Trust Series 2006-5
    OWNIT Mortgage Loan Trust Series 2006-6
    OWNIT Mortgage Loan Trust Series 2006-7
    SACO I Trust Series 2006-1
    SACO I Trust Series 2006-2
    SACO I Trust Series 2006-3
    SACO I Trust Series 2006-4
    SACO I Trust Series 2006-5
    SACO I Trust Series 2006-6
    SACO I Trust Series 2006-7
    SACO I Trust Series 2006-8
    SACO I Trust Series 2006-9
    SACO I Trust Series 2006-10
    SACO I Trust Series 2006-12
    SATURNS Series 2006-1
    SATURNS Series 2006-2
    TILES Series 2006-1
    Wachovia Bank CMT Series 2006-C24

  20. Mario is right. This is where the fraud (at least at the securitization stage) would be easy to pinpoint or trace. These might even bear on fraud in the inducement, predatory lending, etc., though not to forgeries.

    There are several services which provide FREE access to SEC filings, even Insider Transactions. The SEC itself provides EDGAR.
    http://www.sec.gov/edgar/searchedgar/webusers.htm

    Great collection! These, clearly, would form an excellent set of interrogatories to put to the Lender, or foreclosing party, during discovery.

    For this request to work, seems one needs to start first with an identification of the series of certificates, or conversely, their issuer, n’est ce pas?

    I was able, a month or more ago, to research SASCO (Structured Asset Securities Corporation) filings related to SASCO 2005 RF5 (whose “Trustee” is suing for foreclosure in Miami) on SEC’s EDGAR, find that Lehmann Bros was the underwriter, etc. I then, with a FREE trial subscription to Moody’s, was able to identify the particular tranche related to my securitized mortgage, and review its rating history.

    I also found SASCO 2005 RF5 through Google.

    QUESTIONS:
    1. Are there mortgage-related/backed securities transactions that are “off the books” or NOT subject to SEC regs and disclosure requirements?

    Say a bank is acquired or merges into another bank.
    2. Is it mandatory/required that the mortgages acquired be assigned from the old to the new entity? (e.g. Bank United to WaMu)
    3. Would this assignment need to be recorded at the SEC, with Clerks of Courts or Registries of Deeds?

    RSVP
    Allan
    BeMoved@AOL.com

  21. I will try to do this asap.I find this very intresting and this is where the real fraud is people.

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