MARY COCHRANE STRIKES AGAIN: INDYMAC AND COUNTRYWIDE

10K 12/31/93 Indymac Bancorp Inc.
Filed 3/29/94 SEC File 1-08972 Accession Number 898430-94-223

IndyMac Bancorp Inc. (Registrant)
551 SEC Filings 3/18/94 to 8/7/08

Closely Related (4):
•Indymac Capital Trust I – SEC# 1157668 6/10/04
•Indymac Capital Trust II – SEC# 115670 6/30/06
•Indymac Capital Trust III – SEC# 1157671 – 6/30/06
•Indymac Capital Trust IV – SEC# 1157669 6/30/06
Formerly Assigned On
Indymac Mortgage Holdings Inc 6/2/98
Inmc Mortgage Holdings Inc 8/13/97
CWM Mortgage Holdings Inc /25/94
Countrywide Mortgage Investments Inc/DE 7/3/92
Symbols
IDMC, IDMP, IDMCQ, IDMPQ, IMB, NDE

SIC Code – Souce: SEC EDGAR

6035 Savings Institutions, Federally Chartered
SEC 8/7/08
6798 Real Estate Investment Trusts
SEC 2/12/01

Office Address
888 East Walnut Street
Pasadena, California 91101-7211U.S.A.

SELLER

10K 12/31/93 Indymac Bancorp Inc. Filed 3/29/94 SEC File 1-08972 Accession Number 898430-94-223
Mortgage Loans Acquired:
The Company’s highest concentration of jumbo mortgage loans relates to properties in California because of the generally higher property values and mortgage loan balances prevalent there. Mortgage loans secured by California properties have accounted for approximately 69% of the mortgage loans purchased in 1993.

The Company generally purchases jumbo mortgage loans with original principal balances of up to $1 million. The Company’s loan purchase activities focus on those regions of the country where
higher volumes of jumbo mortgage loans are originated, including California,
Connecticut, Florida, Hawaii, Illinois, Maryland, Michigan, New Jersey, New
York, Ohio, Texas, Virginia, Washington and Washington, D.C.

Mortgage loans acquired by the Company are secured by first liens on single
(one-to-four) family residential properties with either fixed or adjustable
interest rates. Fixed-rate mortgage loans accounted for over 90% of the
mortgage loans purchased by the Company in 1993 primarily because of the desire of borrowers to lock in the low rates of interest prevailing in 1993. The Company anticipates that its adjustable-rate mortgage loan purchase volume as a percent of total loans purchased will grow as interest rates rise.

The Company also purchases adjustable rate mortgage (“ARM”) loans which provide the borrower with the option to convert to a fixed rate of interest in the future. Although the Company sells or securitizes these ARM loans in connectionwith its mortgage conduit operations, it generally is obligated to repurchase the fixed-rate loans resulting from any such conversion. The Company generally has the right to require repurchase of any such converted mortgage loan by the servicer or seller of such loans.

Seller Eligibility Requirements:

The mortgage loans acquired pursuant to the Company’s mortgage conduit
operations are originated by various sellers, including savings and loan associations, banks, mortgage bankers and other mortgage lenders.

Sellers are required to meet certain regulatory, financial, insurance and performance
requirements established by the Company before they are eligible to participate
in the Company’s mortgage loan purchase program and must submit to periodic
reviews by the Company to ensure continued compliance with these requirements.

The Company’s current criteria for seller participation generally include a
tangible net worth of at least $1 million, a servicing portfolio of at least $25
million and loan production aggregating at least $50 million during the last
three years.

In addition, sellers are required to have comprehensive loan origination quality control procedures. In connection with their qualification, each seller enters into an agreement that provides for recourse by the Company against the seller in the event of any material breach of a representation or warranty made by the seller with respect to mortgage loans sold to the Company
or any fraud or misrepresentation during the mortgage loan origination process.

Servicing Retention
Sellers of mortgage loans to the Company are generally expected to retain the rights to service the mortgage loans purchased by the Company.

Servicing includes:
• collecting and remitting loan payments,
• making required advances,
• accounting for principal and interest,
• holding escrow or impound funds for payment of taxes and insurance,
• if applicable, making required inspections of the mortgaged property,
• contacting delinquent borrowers and
• supervising foreclosures and property dispositions in the event of unremedied defaults in accordance with the Company’s guidelines.
• The servicer receives fees generally ranging from 1/4% to 1/2% per annum on the declining principal balances of the loans serviced.
• Under certain circumstances, sellers have the right to require the Company to purchase such servicing rights at a previously determined price.
• If a seller/servicer breaches certain of its representations and warranties made to the Company, the Company may terminate the servicing rights of such seller/servicer and assign such servicing rights to another servicer.

Sale of Loans

The Company, similar to other mortgage conduits, customarily sells all loans that it purchases.

When a sufficient volume of mortgage loans with similar characteristics has been accumulated, generally $100 million to $500 million, the loans are securitized through the issuance of mortgage-backed securities in the form of real estate mortgage investment conduits (“REMICs”) or collateralized mortgage obligations (“CMOs”) or resold in bulk whole loan sales.

The length of time between the Company’s commitment to purchase a mortgage loan and when it sells or securitizes such mortgage loan generally ranges from ten to 90 days depending on certain factors, including the length of the purchase commitment period and the securitization process.

The Company’s decision to form REMICs or CMOs or to sell the loans in bulk is
influenced by a variety of factors. REMIC transactions are generally accounted
for as sales of the mortgage loans and can eliminate or minimize any long-term
residual investment in the loans. REMIC securities consist of one or more
classes of “regular interests” and a single class of “residual interest.” The
regular interests are tailored to the needs of investors and may be issued in
multiple classes with varying maturities, average lives and interest rates.
These regular interests are predominately senior securities but, in conjunction
with providing credit enhancement, may be subordinated to the rights of other
regular interests. The residual interest represents the remainder of the cash
flows from the mortgage loans (including, in some instances, reinvestment
income) over the amounts required to be distributed to the regular interests.
In some cases, the regular interests may be structured so that there is no
significant residual cash flow, thereby allowing the Company to sell its entire
interest in the mortgage loans. As a result, in some cases the capital
originally invested in the mortgage loans by the Company may be redeployed in
the mortgage conduit operations. The Company generally retains any residual
interests for investment. Management believes that because of the current low
level of interest rates, investments in residual interest or “excess master
servicing fees” are prudent, and if interest rates rise, the income from
investments will mitigate declines in income that may occur in the Company’s
purchase operations.

As an alternative to REMIC sales, the Company may issue CMOs to finance mortgage
loans to maturity. For accounting and tax purposes, the mortgage loans financed
through the issuance of CMOs are treated as assets of the Company and the CMOs
are treated as debt of the Company. The Company earns the net interest spread
between the interest income on the mortgage loans and the interest and other
expenses associated with the CMO financing. The net interest spread is directly
impacted by the levels of prepayment of the underlying mortgage loans. The
Company is required to retain a residual interest in its issued CMOs.

Substantially all of the Company’s loans and mortgaged-backed securities (“MBS”)
are sold at prices that are determined based on the cash market for MBS. As
such, the Company’s interest-rate risk is directly correlated to the risk that
the price of MBS changes between the date on which a loan is purchased by the
Company and the date on which the mortgage loan is settled with the ultimate
investor. In addition, the Company is exposed to the risk that the value of the
loans that it has committed to purchase, but has not yet closed, will decline
between the commitment date and the date of the settlement with the investor.

In order to offset the risk that a change in interest rates will result in a
decrease in the value of the Company’s current mortgage loan inventory, or its
commitments to purchase mortgage loans (“Committed Pipeline”) the Company enters
into hedging transactions. The Company’s hedging policies generally require that
all of its inventory of loans and the expected portion of its Committed Pipeline
that may close be hedged with forward contracts for the delivery of MBS or whole
loans. The Company hedges its inventory and Committed Pipeline of mortgage loans
by using whole-loan sale commitments to ultimate buyers, by using temporary
“cross hedges” with sales of government sponsored MBS since such loans are
ultimately sold based on a market spread to MBS or by selling forward private
label MBS. As such, the Company is not exposed to significant risk nor will it
derive any benefit from changes in interest rates on the price of the inventory
net of gains or losses of associated hedge positions. The correlation between
the price performance of the hedge instruments and the inventory being hedged is
generally high due to the similarity of the asset and the related hedge
instrument. The Company is exposed to interest-rate risk to the extent that the
portion of loans from the Committed Pipeline that actually closes at the committed price is less than the portion expected to
close in the event of a decline in rates and such decline in closings is not
covered by options to purchase MBS needed to replace the loans in process that
do not close at their committed price. The Company determines the portion of
its Committed Pipeline that it will hedge based on numerous factors, including
the composition of the Company’s Committed Pipeline, the portion of such
Committed Pipeline likely to close, the timing of such closings and anticipated
changes in interest rates.

“FHLMC Security” shall refer to a Mortgage Participation Certificate issued and guaranteed by FHLMC and backed by a pool of Agency Mortgage Loans.

“FHA” shall refer to the Federal Housing Administration.

“FHLMC” shall refer to the Federal Home Loan Mortgage Corporation.

“FHLMC Guide” shall refer to the Freddie Mac Seller’s and Servicers’ Guide,

“FNMA” shall refer to the Federal National Mortgage Association.

“FNMA Guide” shall refer to the Fannie Mae Selling and Servicing Guide, as such Guide may hereafter from time to time be amended.

“GNMA” shall refer to the Government National Mortgage Association.

“GNMA Guide” shall refer to the GNMA Mortgage-Backed Securities Guide, as such Guide may hereafter from time to time be amended.

“GNMA Security” shall refer to a fully-modified pass-through mortgage-backed certificate guaranteed by GNMA and backed by a pool of Agency Mortgage Loans.

“MLGSI” shall refer to Merrill Lynch Government Securities Inc.

“MLMCI” shall refer to Merrill Lynch Mortgage Capital Inc.

“GEMICO” shall refer to General Electric Mortgage Insurance Corporation, a North Carolina stock insurance company.

“Securities” shall, in addition to the definition set forth in the Master Repurchase Agreement, refer to Mortgage Loans.

“Security Release Form” shall refer to (i) Freddie Mac Form 996 (Warehouse
Lender Release of Security Interest) in the case of a FHLMC Security, (ii)
Fannie Mae Form 2004 (Secu-rity Release Certification) in the case of a
FNMA Security and (iii) Form HUD 11711A (Release of Security Interest) in
the case of a GNMA Security.

“Mortgage Loans” shall refer to the residential mortgage loans secured by first liens delivered to the Custodian pursuant to the Custody Agreement
and shall include both Agency and Non-Agency Mortgage Loans.

“Non-Agency Mortgage Loans” shall refer to Mortgage Loans that are not intended to back an Agency Security or to be sold to an Agency under its
cash purchase program; Mortgage Loans may, however, conform to Agency securitization requirements and may, at a later date, become Agency Mortgage Loans.

“PMI” shall refer to PMI Mortgage Insurance Co.

“Qualified Insurer” shall refer to GEMICO, PMI or UGI.

“PMI” shall refer to PMI Mortgage Insurance Co.

“GEMICO” shall refer to General Electric Mortgage Insurance Corporation, a
North Carolina stock insurance company.

“Qualified Originator” shall refer to a correspondent of CMI that originates Mortgage Loans and subsequently assigns its rights thereto to
CMI pursuant to a warehouse lending agreement between CMI and such Qualified Originator.

“Seller’s Margin Amount” shall have the meaning set forth in the Master
Repurchase Agreement except that the percentage referred to therein for
each Transaction shall be specified in the related Confirmation/Funding
Request.

“Servicer” shall, with respect to any Mortgage Loan, refer to the related
Qualified Originator.

“Mortgage Loan Income” shall mean income payable with respect to a Mortgage Loan including all amounts payable on account of such Mortgage Loan whether principal, interest, partial prepayments, prepayments in full, penalties,
advance payments or expenses and whether payable by or from the mortgagor or the Servicer for such Mortgage Loan.

“Instruction Letters” refer to the irrevocable instructions to Servicers
substantially in the form of Exhibit A hereto

“Takeout Commitment” shall refer to a trade confirmation from the Takeout
Investor to a Qualified Originator, which trade confirmation has been
assigned by the Qualified Originator to CMI, confirming the details of a
forward trade between the Takeout Investor and such Qualified Originator
with respect to one or more Agency Securities, which trade confirmation
shall be valid, binding and in full force and effect and relate to pools of
Agency Mortgage Loans that satisfy the “good delivery standard” of the
Public Securities Association as set forth in the Public Securities Association Uniform Practices Guide.

“Trade Commitment” shall refer to a trade confirmation or similar document
from the Trade Investor to a Qualified Originator, which trade confirmation
has been assigned by the Qualified Originator to CMI, confirming the
details of a mandatory forward trade or similar arrangement reasonably
acceptable to MLMCI between the Trade Investor and such Qualified
Originator with respect to one or more Non-Agency Mortgage Loans, which
trade confirmation or similar document shall be valid, binding and in full
force and effect and relate to pools of Non-Agency Mortgage Loans that
satisfy the delivery standards of the related Trade Investor.

“Takeout Investor” shall refer to a securities dealer or other financial
institution, reasonably acceptable to MLMCI, who has made a Takeout
Commitment. A list of Takeout Investors that are acceptable to MLMCI as of
the date hereof is set forth at Exhibit F hereto, which list may be
modified from time to time by MLMCI in its reasonable discretion.

“Trade Investor” shall refer to a securities dealer or other financial
institution (other than an Agency), reasonably acceptable to MLMCI, who has
made a Trade Commitment. A list of Trade Investors that are acceptable to
MLMCI as of the date hereof is set forth at Exhibit F hereto, which list
may be modified from time to time by MLMCI in its reasonable discretion.

“Third Person” shall have the meaning set forth in the Custody Agreement.

“Transaction” shall, in addition to the definition set forth in the Master
Repurchase Agreement, refer to substitutions pursuant to Paragraph 9 of the
Master Repurchase Agreement.

“UGI” shall refer to United Guaranty Insurance Company.

“VA” shall refer to the Department of Veterans Affairs.

“Warehouse Lending Agreement” shall refer to a lending agreement between
CMI and a Qualified Originator substantially in the form of Exhibit E
hereto.

COUNTRYWIDE MORTGAGE INVESTMENTS, INC.
Jurisdiction DE, 95-3983415 IRS ID#
Exchange where registered:
New York Stock Exchange
Commission File# 1-8972

RSSDID 1616408 Countrywide Mortgage Investments, Inc. (was established as a Domestic Entity Other 5/5/1986)

Countrywide Mortgage Investments, Inc.
(“CMI” or the “Company”) was incorporated
in the State of Maryland on July 16, 1985 and reincorporated in the State of
Delaware on March 6, 1987.

References to “CMI” mean either the parent company alone or the parent company

Jeffrey F. Butler joined CCI in 1985 and became the Chief Information Officer in 1989 and Managing Director–Chief Information Officer in May 1991.

4.1* Indenture (the “Indenture”), dated as of December 1, 1985, between Countrywide Mortgage Obligations, Inc. (“CMO, Inc.”) and Bankers Trust Company, as Trustee (“BTC”) (incorporated by reference to Exhibit 4.1 to

CMO, Inc.’s Form 8-K filed with the SEC on January 24, 1986

Definition:
CMOs are debt instruments secured by fixed pools of mortgage instruments in which investors hold multiple classes of interest.

A company’s residual interest of a CMO issued by Company or a qualifed real estate investment trust (REIT) trust subsidairy after 12/31/1991, pursuant to regulations yet to be published, may be “excess inclusion” income.

Some excess inclusion income generally is subject to federal income tax in all events.
See “Excess Inclusion”

The Company has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended
(the “Code”).

Countrywide Mortgage Investments, Inc. (“CMI” or the “Company”) was incorporated
in the State of Maryland on July 16, 1985 and reincorporated in the State of
Delaware on March 6, 1987.

The Company has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended
(the “Code”). As a result of this election, the Company will not, with certain
limited exceptions, be taxed at the corporate level on the net income
distributed to the Company’s stockholders.

Historically, the Company has been a long-term investor in single-family, first-
lien, residential mortgage loans and in mortgage securities representing
interests in such loans (the “CMO portfolio”). Under its new operating plan
commenced in 1993, the Company conducts mortgage conduit activities through a
newly formed subsidiary, Countrywide Mortgage Conduit, Inc. (“CMC”), which is
not a qualified REIT subsidiary and which is subject to applicable federal and
state income taxes. See “Certain Federal Income Tax Considerations.” As part
of its new operating plan, the Company also conducts warehouse lending
operations which provide short-term revolving financing to certain mortgage
bankers.

MORTGAGE CONDUIT OPERATIONS

On October 22, 1992, the Company’s Board of Directors approved a new operating
plan, implementation of which was begun in the first quarter of 1993.

Under the new plan, the Company established CMC, which principally operates as a jumbo and
nonconforming mortgage loan conduit. As a jumbo mortgage loan conduit, CMC is
an intermediary between the originators of mortgage loans which have outstanding
principal balances in excess of the guidelines of the government and government
sponsored enterprises that guarantee mortgage-backed securities (“jumbo
mortgage loans”) and permanent investors in mortgage-backed securities secured
by or representing an ownership interest in such mortgage loans. Sellers
generally retain the rights to service the mortgage loans purchased by the
Company. The Company’s principal sources of income from its mortgage conduit
operations are gains recognized on the sale of mortgage loans, the net spread
between interest earned on mortgage loans owned by the Company and the interest
costs associated with the borrowings used to finance such loans pending their
securitization and the net interest earned on its long-term investment
portfolio.

Production
———-

The Company’s mortgage conduit operations are designed to attract both large and
small sellers of jumbo mortgage loans by offering a variety of pricing and loan
underwriting methods designed to be responsive to such sellers’ needs. The
Company focuses on sellers that originate loans in regions of the United States
with generally higher property values and mortgage balances.

The Company has established three loan underwriting methods designed to be
responsive to the needs of jumbo mortgage loan sellers.

The Company’s first
method is designed to serve sellers who generally obtain mortgage pool insurance
commitments in connection with the origination of their loans.

The Company does
not perform a full underwriting review of such mortgage loans but instead relies
on the credit review and analysis of the mortgage pool insurer and its own
follow-up quality control procedures.

The second method established by the
Company offers a delegated underwriting program for those loan sellers who meet
higher financial and performance criteria than those applicable to sellers
generally.

Under the delegated underwriting program, loans are underwritten in
accordance with the Company’s guidelines by the seller and purchased on the
basis of the seller’s financial strength, historical loan quality and other
qualifications.

A sample of such loans is subsequently reviewed by the Company
in accordance with its expanded quality control guidelines.

Finally, sellers
may submit to the Company loans for which there is no pool insurance commitment
to be underwritten in accordance with the Company’s guidelines.

Under all three
methods, loans are purchased by the Company only after completion of a legal
documentation and eligibility criteria review.

See “Underwriting and Quality
Control.”

Underwriting and Quality Control
——————————–

Purchase Guidelines. The Company has developed comprehensive purchase
guidelines for its acquisition of mortgage loans. Subject to certain
exceptions, each loan purchased must conform to the Company’s loan eligibility
requirements specified in its Seller/Servicer Guide with respect to, among other
things, loan amount, type of property, loan-to-value ratio, type and amount of
insurance, credit history of the borrower, income ratios, sources of funds,
appraisal and loan documentation. The Company also performs a legal
documentation review prior to the purchase of any loan. For loans with mortgage
pool insurance commitments, the Company does not perform a full underwriting
review prior to purchase but instead relies on the credit review and analysis
performed by the mortgage pool insurer and its own post-purchase quality control
review. In contrast, for mortgage loans that have not been underwritten for
mortgage pool insurance and are not part of the delegated underwriting program,
the Company performs a full credit review and analysis to ensure compliance with
its loan eligibility requirements. This review specifically includes, among
other things, an analysis of the underlying property and associated appraisal
and an examination of the credit, employment and income history of the borrower.
For loans purchased pursuant to the delegated underwriting program, the Company
relies on the credit review performed by the seller and its own follow-up
quality control procedures.

Mortgage Loans Acquired
———————–

Substantially all of the mortgage loans purchased through the Company’s mortgage
conduit operations are nonconforming mortgage loans. Nonconforming mortgage
loans are loans which do not qualify for purchase by the Federal Home Loan
Mortgage Corporation (“FHLMC”) or the Federal National Mortgage Association
(“FNMA”) or for inclusion in a loan guarantee program sponsored by the
Government National Mortgage Association (“GNMA”). Nonconforming mortgage loans
generally consist of jumbo mortgage loans or loans which are not originated in
accordance with other agency criteria. Currently, the maximum principal balance
for a conforming loan is $203,150. The Company generally purchases jumbo
mortgage loans with original principal balances of up to $1 million. The
Company’s loan purchase activities focus on those regions of the country where
higher volumes of jumbo mortgage loans are originated, including California,
Connecticut, Florida, Hawaii, Illinois, Maryland, Michigan, New Jersey, New
York, Ohio, Texas, Virginia, Washington and Washington, D.C. The Company’s
highest concentration of jumbo mortgage loans relates to properties in
California because of the generally higher property values and mortgage loan
balances prevalent there. Mortgage loans secured by California properties have
accounted for approximately 69% of the mortgage loans purchased in 1993.

Mortgage loans acquired by the Company are secured by first liens on single
(one-to-four) family residential properties with either fixed or adjustable
interest rates. Fixed-rate mortgage loans accounted for over 90% of the
mortgage loans purchased by the Company in 1993 primarily because of the desire
of borrowers to lock in the low rates of interest prevailing in 1993. The
Company anticipates that its adjustable-rate mortgage loan purchase volume as a
percent of total loans purchased will grow as interest rates rise.

The Company also purchases adjustable rate mortgage (“ARM”) loans which provide
the borrower with the option to convert to a fixed rate of interest in the
future. Although the Company sells or securitizes these ARM loans in connection
with its mortgage conduit operations, it generally is obligated to repurchase
the fixed-rate loans resulting from any such conversion. The Company generally
has the right to require repurchase of any such converted mortgage loan by the
servicer or seller of such loans.

Seller Eligibility Requirements
———————————

The mortgage loans acquired pursuant to the Company’s mortgage conduit
operations are originated by various sellers, including savings and loan
associations, banks, mortgage bankers and other mortgage lenders. Sellers are
required to meet certain regulatory, financial, insurance and performance
requirements established by the Company before they are eligible to participate
in the Company’s mortgage loan purchase program and must submit to periodic
reviews by the Company to ensure continued compliance with these requirements.
The Company’s current criteria for seller participation generally include a
tangible net worth of at least $1 million, a servicing portfolio of at least $25
million and loan production aggregating at least $50 million during the last
three years. In addition, sellers are required to have comprehensive loan
origination quality control procedures. In connection with their qualification,
each seller enters into an agreement that provides for recourse by the Company
against the seller in the event of any material breach of a representation or
warranty made by the seller with respect to mortgage loans sold to the Company
or any fraud or misrepresentation during the mortgage loan origination process.

Servicing Retention
———————

Sellers of mortgage loans to the Company are generally expected to retain the
rights to service the mortgage loans purchased by the Company. Servicing
includes collecting and remitting loan payments, making required advances,
accounting for principal and interest, holding escrow or impound funds for
payment of taxes and insurance, if applicable, making required inspections of
the mortgaged property, contacting delinquent borrowers and supervising
foreclosures and property dispositions in the event of unremedied defaults in
accordance with the Company’s guidelines. The servicer receives fees generally
ranging from 1/4% to 1/2% per annum on the declining principal balances of the
loans serviced. Under certain circumstances, sellers have the right to require
the Company to purchase such servicing rights at a previously determined price.
If a seller/servicer breaches certain of its representations and warranties made
to the Company, the Company may terminate the servicing rights of such
seller/servicer and assign such servicing rights to another servicer.

Sale of Loans
————-

The Company, similar to other mortgage conduits, customarily sells all loans
that it purchases. When a sufficient volume of mortgage loans with similar
characteristics has been accumulated, generally $100 million to $500 million,
the loans are securitized through the issuance of mortgage-backed securities in
the form of real estate mortgage investment conduits (“REMICs”) or
collateralized mortgage obligations (“CMOs”) or resold in bulk whole loan sales.
The length of time between the Company’s commitment to purchase a mortgage loan
and when it sells or securitizes such mortgage loan generally ranges from ten to
90 days depending on certain factors, including the length of the purchase
commitment period and the securitization process.

The Company’s decision to form REMICs or CMOs or to sell the loans in bulk is
influenced by a variety of factors. REMIC transactions are generally accounted
for as sales of the mortgage loans and can eliminate or minimize any long-term
residual investment in the loans. REMIC securities consist of one or more
classes of “regular interests” and a single class of “residual interest.” The
regular interests are tailored to the needs of investors and may be issued in
multiple classes with varying maturities, average lives and interest rates.
These regular interests are predominately senior securities but, in conjunction
with providing credit enhancement, may be subordinated to the rights of other
regular interests. The residual interest represents the remainder of the cash
flows from the mortgage loans (including, in some instances, reinvestment
income) over the amounts required to be distributed to the regular interests.
In some cases, the regular interests may be structured so that there is no
significant residual cash flow, thereby allowing the Company to sell its entire
interest in the mortgage loans. As a result, in some cases the capital
originally invested in the mortgage loans by the Company may be redeployed in
the mortgage conduit operations. The Company generally retains any residual
interests for investment. Management believes that because of the current low
level of interest rates, investments in residual interest or “excess master
servicing fees” are prudent, and if interest rates rise, the income from
investments will mitigate declines in income that may occur in the Company’s
purchase operations.

As an alternative to REMIC sales, the Company may issue CMOs to finance mortgage
loans to maturity. For accounting and tax purposes, the mortgage loans financed
through the issuance of CMOs are treated as assets of the Company and the CMOs
are treated as debt of the Company. The Company earns the net interest spread
between the interest income on the mortgage loans and the interest and other
expenses associated with the CMO financing. The net interest spread is directly
impacted by the levels of prepayment of the underlying mortgage loans. The
Company is required to retain a residual interest in its issued CMOs.

Substantially all of the Company’s loans and mortgaged-backed securities (“MBS”)
are sold at prices that are determined based on the cash market for MBS. As
such, the Company’s interest-rate risk is directly correlated to the risk that
the price of MBS changes between the date on which a loan is purchased by the
Company and the date on which the mortgage loan is settled with the ultimate
investor. In addition, the Company is exposed to the risk that the value of the
loans that it has committed to purchase, but has not yet closed, will decline
between the commitment date and the date of the settlement with the investor.

In order to offset the risk that a change in interest rates will result in a
decrease in the value of the Company’s current mortgage loan inventory, or its
commitments to purchase mortgage loans (“Committed Pipeline”) the Company enters
into hedging transactions. The Company’s hedging policies generally require that
all of its inventory of loans and the expected portion of its Committed Pipeline
that may close be hedged with forward contracts for the delivery of MBS or whole
loans. The Company hedges its inventory and Committed Pipeline of mortgage loans
by using whole-loan sale commitments to ultimate buyers, by using temporary
“cross hedges” with sales of government sponsored MBS since such loans are
ultimately sold based on a market spread to MBS or by selling forward private
label MBS. As such, the Company is not exposed to significant risk nor will it
derive any benefit from changes in interest rates on the price of the inventory
net of gains or losses of associated hedge positions. The correlation between
the price performance of the hedge instruments and the inventory being hedged is
generally high due to the similarity of the asset and the related hedge
instrument. The Company is exposed to interest-rate risk to the extent that the
portion of loans from the Committed Pipeline that actually closes at the committed price is less than the portion expected to
close in the event of a decline in rates and such decline in closings is not
covered by options to purchase MBS needed to replace the loans in process that
do not close at their committed price. The Company determines the portion of
its Committed Pipeline that it will hedge based on numerous factors, including
the composition of the Company’s Committed Pipeline, the portion of such
Committed Pipeline likely to close, the timing of such closings and anticipated
changes in interest rates.

Master Loan Servicing
———————

The Company acts as master servicer with respect to the mortgage loans it sells.
Master servicing includes collecting loan payments from seller/servicers of
loans and remitting loan payments, less master servicing fees and other fees,
to trustees. In addition, as master servicer, the Company monitors compliance
with its servicing guidelines and is required to perform, or to contract with a
third party to perform, all obligations not adequately performed by any
servicer.

In connection with REMIC issuances, the Company master services on a non-
recourse basis substantially all of the mortgage loans it purchases. Each series
of mortgage-backed securities is typically fully payable from the mortgage
assets underlying such series and the recourse of investors is limited to those
assets and any credit enhancement features, such as insurance. Generally, any
losses in excess of the credit enhancement obtained is borne by the security
holders. Except in the case of a breach of the standard representations and
warranties made by the Company when mortgage loans are securitized, the
securities are non-recourse to the Company. Typically, the Company has recourse
to the sellers of loans for any such breaches.

Master Loan Servicing
———————

The Company acts as master servicer with respect to the mortgage loans it sells.
Master servicing includes collecting loan payments from seller/servicers of
loans and remitting loan payments, less master servicing fees and other fees,
to trustees. In addition, as master servicer, the Company monitors compliance
with its servicing guidelines and is required to perform, or to contract with a
third party to perform, all obligations not adequately performed by any
servicer.

In connection with REMIC issuances, the Company master services on a non-
recourse basis substantially all of the mortgage loans it purchases. Each series
of mortgage-backed securities is typically fully payable from the mortgage
assets underlying such series and the recourse of investors is limited to those
assets and any credit enhancement features, such as insurance. Generally, any
losses in excess of the credit enhancement obtained is borne by the security
holders. Except in the case of a breach of the standard representations and
warranties made by the Company when mortgage loans are securitized, the
securities are non-recourse to the Company. Typically, the Company has recourse
to the sellers of loans for any such breaches.

Financing of Mortgage Conduit Operations
—————————————-

The Company’s principal financing needs are the financing of loan purchase
activities and the investment in excess master servicing rights. To meet these
needs, the Company currently relies on reverse-repurchase agreements
collateralized by mortgage loans held for sale and cash flow from operations.
In addition, in 1993 the Company has relied on proceeds from public offerings of
common stock. For further information on the material terms of the borrowings
utilized by the Company to finance its inventory of mortgage loans and mortgage-
backed securities, see “Management’s Discussion and Analysis of Financial
Condition and Results of Operations–Liquidity and Capital Resources.” The
Company continues to investigate and pursue alternative and supplementary
methods to finance its operations through the public and private capital
markets.

WAREHOUSE LENDING

As part of its new operating plan, the Company engages in warehouse lending
operations for small-and medium-size mortgage bankers. Warehouse lending
facilities typically provide short-term revolving financing to mortgage bankers
to finance mortgage loans during the time from the closing of the loan until its
settlement with an investor. The Company’s warehouse lending program offers
warehouse lending facilities up to a maximum aggregate amount of $20 million to
mortgage bankers who have a minimum audited net worth of $300,000 subject to a
maximum debt-to-adjusted-net-worth ratio of 20 to 1. The specific terms of any
warehouse line of credit, including the amount, are determined based upon the
financial strength, historical performance and other qualifications of the
mortgage banker. All such lines of credit are subject to the prior approval of
a credit committee comprised of senior officers and directors of the Company.
The Company finances this program through a combination of reverse repurchase
agreements and equity. The Company has a committed one-year reverse repurchase
agreement facility with an investment bank in an aggregate amount of up to $100
million for this warehouse lending program.

As a warehouse lender the Company is a secured creditor of the mortgage bankers
to which it extends credit and is subject to the risks inherent in that status,
including the risks of borrower default and bankruptcy.

In contrast to the Company’s new mortgage conduit and warehouse lending
operations, which establish the Company as a niche mortgage banker and lender to
mortgage companies, the Company historically has been a long-term investor in
single-family, first-lien, residential mortgage loans and in mortgage securities
representing interests in such loans.

In 1987, the Company
began to invest in Agency Securities representing undivided interests in pools
of adjustable-rate mortgages (“Agency ARMs”) purchased through various broker-
dealers and financed primarily through reverse repurchase agreements. During
1992, the Company sold substantially all of its portfolio of Agency ARMs,
resulting in a gain of approximately $9.0 million and the remainder of such
portfolio was sold during the first quarter of 1993 at its approximate carrying
value. At December 31, 1993, the Company’s assets included approximately $402.5
million of fixed-rate jumbo mortgage loans and Agency Securities which were
pledged to secure outstanding CMOs issued by the Company’s subsidiaries.

During 1993, long-term interest rates, including mortgage rates, fell to their
lowest levels in over twenty years. The collateral for CMOs experienced
substantial prepayments, resulting in significantly decreased net earnings and,
as mortgage loan premiums, original issue discount and bond issuance costs were
required to be amortized, losses on the portfolio. If prepayments continue at
high levels, the performance of this CMO portfolio will continue to be adversely
impacted. Regardless of the level of interest rates or prepayments, the Company
anticipates no significant earnings from this CMO portfolio. Any continued
negative performance of this CMO portfolio will continue to adversely impact the
earnings of the Company to the extent of its investment in such portfolio.

EXHIBIT 10.52 MASTER REPURCHASE AGREEMENT BETWEEN
Merrill Lynch Mortgage Capital Inc. &
Countywide Mortgage Investments, Inc. 8/16/1993
Applicability Annex I (continued)
To the extent that these Supplemental Terms
conflict with the terms of the Master Repurchase Agreement, these
Supplemental Terms shall control.
Capitalized terms not otherwise defined have the meanings set forth in Master Repurchase Agreement.

Dated as of October 1, 1993

From time to time the parties hereto may enter into transactions in which one
party (“Seller) agrees to transfer to the other (“Buyer”) securities or
financial instruments (“Securities”) against the transfer of funds by Buyer,
with a simultaneous agreement by Buyer to transfer to Seller such Securities at
a date certain or on demand, against the transfer of funds by Seller. Each such
transaction shall be referred to herein as a “Transaction” and shall be governed
by this Agreement, including any supplemental terms or conditions contained in
Annex I hereto, unless otherwise agreed in writing.——————————-

As: Signatory (Director, Officer, Attorney, Accountant, Banker, Agent, etc.)
List All Filings as Signatory

Search Recent Filings (as Signatory) for “Angelo R. Mozilo”

“Angelo R. Mozilo” – President
a.k.a. “Angelo R.Mozilo”
Latest Filing: 7/3/08 as Registrant

“Angelo R. Mozilo” has been a Signatory for/with the following 16 Registrants:
• Countrywide Capital I
• Countrywide Capital II
• Countrywide Capital III
• Countrywide Capital IV
• Countrywide Capital V
• Countrywide Capital VI
• Countrywide Financial Corp [ formerly Countrywide Credit Industries Inc ]
• Countrywide Home Loans Inc [ formerly Countrywide Funding Corp ]
• Home Depot Inc
• Indymac Bancorp Inc [ formerly Indymac Mortgage Holdings Inc ]
• Mozilo Angelo R
• Paracelsus Healthcare Corp
• Pic Investment Trust
• Touchstone Investment Trust [ formerly Countrywide Investment Trust ]
• Touchstone Strategic Trust [ formerly Countrywide Strategic Trust ]
• Touchstone Tax Free Trust [ formerly Countrywide Tax Free Trust ]

Angelo R. Mozilo” has/had a Signatory interest in the following 2 Registrants:
• Countrywide Financial Corp [ formerly Countrywide Credit Industries Inc ]
• Home Depot Inc

“Sandor E. Samuels” – Secretary
Latest Filing: 7/3/08 as Registrant
________________________________________
As: Registrant
• Samuels Sandor E
________________________________________
As: Signatory (Director, Officer, Attorney, Accountant, Banker, Agent, etc.)
List All Filings as Signatory

Search Recent Filings (as Signatory) for “Sandor E. Samuels”
“Sandor E. Samuels” has been a Signatory for/with the following 10 Registrants:
• Countrywide Capital III
• Countrywide Capital IV
• Countrywide Capital IX
• Countrywide Capital V
• Countrywide Capital VI
• Countrywide Capital VII
• Countrywide Capital VIII
• Countrywide Financial Corp [ formerly Countrywide Credit Industries Inc ]
• Countrywide Home Loans Inc [ formerly Countrywide Funding Corp ]
• Indymac Bancorp Inc [ formerly Indymac Mortgage Holdings Inc ]

“Sandor E. Samuels” has/had a Signatory interest in the following Registrant:
• Countrywide Financial Corp [ formerly Countrywide Credit Industries Inc ]

73 “Issuer” Relationships (where the security “Owner” is…)
Filing or “Owner”
First Filing Last Filing Relationship Filed By Filer or Reporting Owner

6/4/03 2/20/08 4 Abernathy S Blair
9/17/03 2/20/08 4 Adarkar Ashwin
9/16/03 3 Adarkar Ashwin
3/28/07 3/19/08 4 Arredondo Canise Marie
1/9/07 3 Arredondo Canise Marie
4/9/07 3 Banks James M
1/10/06 5/10/07 SC 13G BlackRock Institutional Trust Company/N/A [ formerly Barclays Global Investors NA/CA ]
3/17/04 3/19/08 4 Caldera Louis E
12/10/99 2/12/08 SC 13G Capital Group International Inc
2/12/99 4/10/08 SC 13G Capital Guardian Trust Co
2/12/07 2/13/08 SC 13G Capital Research & Management Co
2/12/99 2/1/01 SC 13G Citigroup Inc [ formerly Travelers Group Inc ]
8/20/07 7/22/08 SC 13G Classic Fund Management Aktiengesellschaft
5/5/04 8/4/05 4 Del Ponti John D
5/3/04 3 Del Ponti John D
9/17/03 3/17/04 4 Dupont Sherry M
9/16/03 3 Dupont Sherry M
3/27/07 2/20/08 4 Ebers Anthony L
1/9/07 3 Ebers Anthony L
9/3/04 3/19/08 4 Gabriel Stuart A
9/3/04 3 Gabriel Stuart A
6/16/03 3/19/08 4 Gramley Lyle
3/17/04 3/19/08 4 Grant Hugh M
1/25/07 3/19/08 4 Greene Gabrielle E
1/24/07 3 Greene Gabrielle E
3/17/04 3/19/08 4 Haden Patrick C
7/31/03 3/19/08 4 Hodel Terrance G
2/5/07 5 Hodel Terrance G
7/31/03 3 Hodel Terrance G
8/6/03 3 Holroyd Charles T
8/4/05 3/27/07 4 Hughes Terrence O
7/26/05 3 Hughes Terrence O
3/17/04 3/19/08 4 Hunt Robert L II
2/20/08 3/19/08 4 Hymel Patrick A
12/12/07 1/17/08 3 Hymel Patrick A
2/5/04 3/17/06 4 Jackson R Patterson [ formerly Jackson Robert P ]
1/29/04 3 Jackson R Patterson [ formerly Jackson Robert P ]
3/17/04 3/19/08 4 Kennard Lydia H
3/17/04 2/20/08 4 Keys A Scott
2/14/08 SC 13G LMM LLC/MD
3/27/07 4 Mahoney James R
5/31/06 3 Mahoney James R
3/26/07 2/20/08 4 Mathoda Rayman K
1/9/07 3 Mathoda Rayman K
3/17/04 4 Matsumoto Raymond D
3/5/04 3 Matsumoto Raymond D
3/17/06 3/19/08 4 Melbourne Ruthann K
1/31/06 3 Melbourne Ruthann K
3/27/07 2/20/08 4 Minier Michelle
1/9/07 3 Minier Michelle
11/7/03 3/17/04 4 Molvar Roger H
6/6/03 4 Nelson Mark C
2/3/00 SC 13G Neuberger Berman Inc
2/10/97 2/11/99 SC 13G Neuberger Berman LLC/Adv [ formerly Neuberger & Berman LLC/Adv ]
8/7/08 25-NSE New York Stock Exchange LLC
6/17/03 3/17/04 4 Nichols Grosvenor G
3/21/03 7/11/08 SC 13G NWQ Investment Management Co LLC [ formerly NWQ Investment Management Co/CA ]
3/17/04 2/20/08 4 Olinski John D
11/14/03 2/20/08 4 Perry Michael W
3/17/04 4 Potts Thomas H
1/18/08 1/30/08 SC 13D Ramat Securities Ltd
9/24/07 2/14/08 SC 13G Second Curve Capital LLC
6/3/03 5/19/08 4 Seymour John/Senator
3/17/06 2/20/08 4 Sillman Frank M
2/13/06 5 Sillman Frank M
8/3/05 8/25/05 3 Sillman Frank M
8/24/94 SC 13D Smith Thomas W [ formerly Thomas W Smith ]
3/17/04 3/17/06 4 Ukropina James R
2/14/05 2/14/07 SC 13G Wellington Management Co LLP [ formerly Wellington Management Co ]
3/26/04 8/8/06 4 Williams Charles A
7/26/05 3/19/08 4 Willison Bruce G
7/26/05 3 Willison Bruce G
6/4/03 3/19/08 4 Wohl Richard H

——————————————————————————–

No “Owner” Relationships (where the security “Issuer” is…)

——————————————————————————–

42 Affiliate Relationships (based upon SEC Files: Parents / Subs., Directors / Officers, et al.)
Last Filing Registrant

2/20/08 Abernathy S Blair
2/20/08 Adarkar Ashwin
3/19/08 Arredondo Canise Marie
4/9/07 Banks James M
3/11/11 Caldera Louis E
8/4/05 Del Ponti John D
3/17/04 Dupont Sherry M
2/20/08 Ebers Anthony L
1/14/11 Gabriel Stuart A
3/19/08 Gramley Lyle
3/2/11 Grant Hugh M
2/11/11 Greene Gabrielle E
3/2/11 Haden Patrick C
3/19/08 Hodel Terrance G
8/6/03 Holroyd Charles T
3/27/07 Hughes Terrence O
3/19/08 Hunt Robert L II
3/19/08 Hymel Patrick A
6/10/04 Indymac Capital Trust I
6/30/06 Indymac Capital Trust II
6/30/06 Indymac Capital Trust III
6/30/06 Indymac Capital Trust IV
3/17/06 Jackson R Patterson [ formerly Jackson Robert P ]
1/3/11 Kennard Lydia H
2/20/08 Keys A Scott
3/27/07 Mahoney James R
2/20/08 Mathoda Rayman K
3/17/04 Matsumoto Raymond D
3/19/08 Melbourne Ruthann K
2/20/08 Minier Michelle
3/17/04 Molvar Roger H
6/6/03 Nelson Mark C
3/17/04 Nichols Grosvenor G
2/20/08 Olinski John D
2/20/08 Perry Michael W
6/21/04 Potts Thomas H
5/19/08 Seymour John/Senator
2/20/08 Sillman Frank M
12/21/10 Ukropina James R
8/8/06 Williams Charles A
3/22/11 Willison Bruce G
3/19/08 Wohl Richard H

25 SEC Files (as “Issuer”)
First Filing Last Filing SEC File Act Filings

3/18/94 8/7/08 001-08972 ’34 10-K/A, 10-Q/A, DEFM14A, PRE 14A, NT 11-K, 8-A12B, 10-K405, 5, 3, 3/A, 4/A, 10-K, DEF 14A, 10-Q, 4, 11-K, 8-K, 25-NSE [ * ]
– 10-K405/A
8/24/94 7/22/08 005-38368 ’34 SC 13D, SC 13D/A, SC 13G, SC 13G/A [ * ]
6/30/06 5/2/08 333-135542 ’33 S-3ASR, 424B5, 424B3 [ * ]
9/6/07 333-145905 ’33 S-8
12/8/06 333-139201 ’33 S-8
9/28/06 333-137632 ’33 S-8
4/26/06 333-133551 ’33 S-8
7/30/04 333-117797 ’33 S-8
8/20/01 6/10/04 333-67964 ’33 S-3, S-3/A, POS AM, 424B2, 424B3, 424B5 [ * ]
7/30/02 333-97339 ’33 S-8
10/20/00 333-48332 ’33 S-8
1/28/99 333-71329 ’33 S-3, POS AM [ * ]
8/17/98 11/3/98 333-61625 ’33 424B3, S-3
6/3/98 333-55907 ’33 S-8
12/2/97 5/18/98 333-41329 ’33 S-3, POS AM
3/4/98 333-47297 ’33 S-3
10/3/97 333-37149 ’33 S-3
9/22/97 333-36085 ’33 S-8
1/17/97 333-19975 ’33 S-3
8/9/96 10/9/96 333-09887 ’33 S-3/A, S-3
7/26/96 333-08905 ’33 S-8
2/16/96 3/11/96 333-01009 ’33 S-3, S-3/A
6/9/95 8/1/95 033-60137 ’33 S-3, S-3/A
11/22/94 2/2/95 033-56547 ’33 S-3, S-3/A, 424B1
11/1/94 033-56267 ’33 S-8
________
* There were multiple parties involved in these filings.
———————————————————–

3.1 Certificate of Incorporation for CMI, as amended.

3.2* Bylaws of CMI as amended (incorporated by reference to Exhibit 4.2 to the
Company’s Form 10-Q, for the quarter ended June 30, 1993).

4.1* Indenture (the “Indenture”), dated as of December 1, 1985, between
Countrywide Mortgage Obligations, Inc. (“CMO, Inc.”) and Bankers Trust
Company, as Trustee (“BTC”) (incorporated by reference to Exhibit 4.1 to
CMO, Inc.’s Form 8-K filed with the SEC on January 24, 1986).

4.2* Series A Supplement, dated as of December 1, 1985, to the Indenture
(incorporated by reference to Exhibit 4.2 to CMO, Inc.’s Form 8-K filed
with the SEC on January 24, 1986).

4.3* Series B Supplement, dated as of February 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.1 to CMO, Inc.’s Form 8-K filed
with the SEC on March 31, 1986).

4.4* Series C Supplement, dated as of April 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.4 to CMO, Inc.’s Amendment No. 1
to S-11 Registration Statement (No. 33-3274) filed with the SEC on May
13, 1986).

4.5* Series D Supplement, dated as of May 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.5 to the Company’s S-11
Registration Statement (No. 33-6787) filed with the SEC on June 26,
1986).

4.6* Series E Supplement, dated as of June 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.6 to the Company’s Amendment No.
1 to S-11 Registration Statement (No. 33-6787) filed with the SEC on July
30, 1986).

4.7* Series F Supplement, dated as of August 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.1 to CMO, Inc.’s Form 8-K filed
with the SEC on August 14, 1986).

4.8* Series G Supplement, dated as of August 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.8 to CMO, Inc.’s S-11
Registration Statement (No.33-8705) filed with the SEC on September 12,
1986).

4.9* Series H Supplement, dated as of September 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.1 to CMO, Inc’s Form 8-K filed
with the SEC on October 7, 1986).

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4.10* Series I Supplement, dated as of October 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.11 to CMO, Inc.’s Amendment No. 1
to S-11 Registration Statement (No. 33-8705) filed with the SEC on
October 27, 1986).

4.11* Series J Supplement, dated as of October 15, 1986, to the Indenture
(incorporated by reference to Exhibit 4.1 to CMO, Inc.’s Form 8-K filed
with the SEC on November 12, 1986).

4.12* Series K Supplement, dated as of December 1, 1986, to the Indenture
(incorporated by reference to 4.1 to CMO, Inc.’s Form 8-K filed with the
SEC on March 16, 1987).

4.13* Series L Supplement, dated as of December 1, 1986, to the Indenture
(incorporated by reference to Exhibit 4.2 to CMO, Inc.’s Form 8-K filed
with the SEC on March 16, 1987).

4.14* Series M Supplement, dated as of January 1, 1987, to the Indenture
(incorporated by reference to Exhibit 4.3 to CMO, Inc.’s Form 8-K filed
with the SEC on March 16, 1987).

4.15* Indenture (the “SPNB Indenture”), dated as of December 1, 1986, between
CMO, Inc. and Security Pacific National Bank, as Trustee (“SPNB”)
(incorporated by reference to Exhibit 4.1 to CMO, Inc.’s Form 8-K filed
with the SEC on January 9, 1987).

4.16* Series W-1 Supplement, dated as of December 1, 1986, to the SPNB
Indenture (incorporated by reference to Exhibit 4.2 to CMO, Inc.’s
Form 8-K filed with the SEC on January 9, 1987).

4.17* Series N Supplement, dated as of February 1, 1987, to the SPNB Indenture
(incorporated by reference to Exhibit 4.1 to CMO, Inc.’s Form 8-K filed
with the SEC on March 16, 1987).

4.18* Indenture, dated as of February 1, 1987, between Countrywide Mortgage
Trust 1987-I (the “1987-I Trust”) and SPNB (incorporated by reference to
Exhibit 4.18 to the Company’s Form 10-K for the year ended December 31,
1986).

4.19* Indenture, dated as of June 1, 1987, between Countrywide Mortgage Trust
1987-II (the “1987-II Trust”) and SPNB (incorporated by reference to
Exhibit 4.19 to the Company’s Form 10-Q for the quarter ended June 30,
1987).

4.20* Indenture Supplement, dated as of September 1, 1987, among Countrywide
Mortgage Obligations III, Inc. (“CMO III, Inc.”), CMO, Inc. and BTC
(incorporated by reference to Exhibit 4.1 to CMO III, Inc.’s Form 8-K
filed with the SEC on October 9, 1987).

4.21* Indenture Supplement, dated as of September 1,1987, among CMO III, Inc.,
CMO, Inc. and SPNB (incorporated by reference to Exhibit 4.2 to CMO III,
Inc.’s. Form 8-K filed with the SEC on October 9, 1987).

4.22* Indenture dated as of November 20, 1990, between the Countrywide Cash
Flow Bond Trust (“CCFBT”) and BTC (incorporated by referenced to Exhibit
4.22 to the Company’s Form 10-K for the year ended December 31, 1990).

4.23* Indenture dated as of March 30, 1993 between Countrywide Mortgage Trust
1993-I (the “1993-I Trust”) and State Street Bank and Trust Company (the
“Bond Trustee”) (incorporated by reference to Exhibit 4.1 to the
Company’s 10-Q for the quarter ended March 31, 1993).

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4.24* Indenture dated as of April 14, 1993 between Countrywide Mortgage Trust
1993-II (the “1993-II Trust”) and the Bond Trustee (incorporated by
reference to Exhibit 4.2 to the Company’s 10-Q for the quarter ended
March 31, 1993).

10.1* 1993 Amended and Extended Management Agreement, dated as of May 15, 1993,
between CMI and Countrywide Asset Management Corporation (the “Manager”)
(incorporated by reference to Exhibit 10.1 to the Company’s Amendment No.
3 to S-3 Registration Statement (No.33-63034) filed with the SEC on July
16, 1993).

10.2* 1987 Amended and Restated Servicing Agreement, dated as of May 15, 1987,
between CMI and Countrywide Funding Corporation (“CFC”) (incorporated by
reference to Exhibit 10.2 to the Company’s Form 10-Q filed for the
quarter ended June 30, 1987).

10.3* 1993 Amended and Extended Loan Purchase and Administrative Services
Agreement, dated as of May 15, 1993, between CMI and CFC (incorporated by
reference to Exhibit 10.9 to the Company’s 10-Q for the quarter ended
June 30, 1993).

10.4* 1988 Amended and Restated Submanagement Agreement, dated as of May 15,
1988, between CFC and the Manager (incorporated by reference to Exhibit
10.4 to CMI’s Form 10-Q for the quarter ended March 31, 1988).

10.5* 1985 Stock Option Plan adopted August 26, 1985, as amended February 12,
1987 (incorporated by reference to Exhibit 10.6 to CMI’s Form 10-K for
the year ended December 31, 1986).

10.6* Form of Indemnity Agreement between CMI and CMI’s directors and officers
(incorporated by reference to Exhibit 10.5 to CMI’s Form 10-Q for the
quarter ended June 30, 1987).

10.7* Form of Guaranty of Indemnity Agreement made by Countrywide Credit
Industries, Inc. (“Countrywide Credit”) to CMI and CMI’s directors and
officers (incorporated by reference to Exhibit 10.6 to CMI’s Form 10-Q
for the quarter ended June 30, 1987).

10.9* Servicing Agreement, dated as of November 15, 1986, among CMO, Inc. SPNB
and CFC (incorporated by reference to Exhibit 10.1 to CMO, Inc.’s For

18 Responses

  1. Barbara I am sorry.

    I did not realize an IMPORTANT part of the Agreement ‘definitions’ of participants did not get copied into the posting and are related to your question.

    IndyMac Bancorp Inc. (Registrant)
    Closely Related (4):
    •Indymac Capital Trust I – SEC# 1157668 6/10/04
    •Indymac Capital Trust II – SEC# 115670 6/30/06
    •Indymac Capital Trust III – SEC# 1157671 – 6/30/06
    •Indymac Capital Trust IV – SEC# 1157669 6/30/06
    Formerly Assigned On
    Indymac Mortgage Holdings Inc. 6/2/98
    Inmc Mortgage Holdings Inc 8/13/97
    CWM Mortgage Holdings Inc 10/25/94
    Countrywide Mortgage Investments Inc/DE
    7/3/92: Address: 888 East Walnut Street
    Pasadena, California 91101-7211 U.S.A.

    SEC CIK # 6035 Savings Institutions, Federally Chartered
    SEC 8/7/08
    6798 Real Estate Investment Trusts
    SEC 2/12/01

    Jurisdiction: Delaware, U.S.A.
    IRS: 95-3983415
    Symbols
    IDMC, IDMP, IDMCQ, IDMPQ, IMB, NDE

    “CMI” shall refer to Countrywide Mortgage Investments, Inc.

    “MLGSI” shall refer to Merrill Lynch Government Securities Inc.

    “MLMCI” shall refer to Merrill Lynch Mortgage Capital Inc.

    “PMI” shall refer to PMI Mortgage Insurance Co.

    “Qualified Insurer” shall refer to GEMICO, PMI or UGI.

    “UGI” shall refer to United Guaranty Insurance Company.

    “VA” shall refer to the Department of Veterans Affairs.

    “Agency” shall refer to GNMA, FNMA or FHLMC, as the case may be.

    •Government National Mortgage Association (“GNMA”)

    •Federal National Mortgage Association (“FNMA”)

    •Federal Home Loan Mortgage Corporation (“FHLMC”)

    Nonconforming mortgage loans are loans which do not qualify for purchase by the Federal Home Loan Mortgage Corporation (“FHLMC”) or the Federal National Mortgage Association (“FNMA”) or for inclusion in a loan guarantee program sponsored by above referenced agencies.

    Nonconforming mortgage loans generally consist of jumbo mortgage loans or loans which are not originated in accordance with other agency criteria

    ————————————————
    Agency Security” shall refer to a GNMA Security, a FNMA Security or a FHLMC Security.

    “Approvals” shall refer to the approvals of FHLMC, FNMA and GNMA described in Paragraph 13(c)(ii) of these Supplemental Terms.

    “Bank” shall refer to The First National Bank of Chicago.

    “Business Day” shall mean any day excluding Saturday, Sunday and any day on which banks located in the States of New York or California are authorized or permitted to close for business. All references to “business day” in
    the Master Repurchase Agreement shall be deemed to be references to
    Business Day.

    “MLMCI’s Margin Amount” shall have the meaning set forth in the Master
    Repurchase Agreement except that the percentage referred to therein for
    each Transaction shall be specified in the related Confirmation/Funding
    Request.

    “Cash Purchase Price” shall refer the cash price, and to the corresponding
    cash proceeds, to be paid by an Agency, under its cash purchase program,
    for Mortgage Loans sold by a Qualified Originator that are the subject of a
    Transaction.

    “Closing Agent” shall refer to a title company, closing attorney or other
    agent that disburses funds on behalf of a Qualified Originator in
    connection with the origination of a Mortgage Loan; each such title
    company, closing attorney or other agent must be acceptable to MLMCI in its
    sole discretion.

    “Collateral Submission Summary” shall refer to the Collateral Submission
    Summary substantially in the form attached as an exhibit to the Custody
    Agreement.

    “Commitment/Certificate of Insurance” shall refer to the
    Commitment/Certificate of Insurance issued by a Qualified Insurer with
    respect to each Mortgage Loan and held by the Custodian pursuant to the
    Custody Agreement.

    “Commitment Number” shall mean the commitment number provided by a
    Qualified Originator to CMI, and communicated by CMI to the Custodian, with
    respect to a Mortgage Loan indicating that such Mortgage Loan has either
    been designated (i) to be included in a pool of Agency Mortgage Loans
    backing an Agency Security, (ii) for sale to an Agency under an Agency
    purchase program or (iii) to be included in a pool of Non-Agency Mortgage
    Loans to be sold to a Trade Investor.

    “Confirmation/Funding Request” shall have the meaning of “Confirmation” as
    set forth in the Master Repurchase Agreement but shall be substantially in
    the form attached hereto as Exhibit B, in the case of Agency Mortgage Loans
    intended to back an Agency Security, Exhibit C in the case of Non-Agency
    Mortgage Loans and Exhibit D in the case of Agency Mortgage Loans that are
    not intended to back an Agency Security.

    “Custody Agreement” shall refer to the Custody Agreement, dated as of
    October 1, 1993, by and among MLMCI, CMI, the Bank and the Custodian named
    therein, as the same may be modified and amended from time to time.

    “Custodian” shall refer to the custodian named in the Custody Agreement.

    10K 12/31/93 Indymac Bancorp Inc. Filed 3/29/94 SEC File 1-08972 Accession Number 898430-94-223

    COUNTRYWIDE MORTGAGE INVESTMENTS, INC.
    Jurisdiction DE, 95-3983415 IRS ID#
    Exchange where registered:
    New York Stock Exchange
    Commission File# 1-8972
    Countrywide Mortgage Investments, Inc. (“CMI” or the “Company”) was incorporated
    in the State of Maryland on July 16, 1985 and reincorporated in the State of
    Delaware on March 6, 1987. The Company has elected to be taxed as a real estate
    investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended
    (the “Code”).

    Exhibit 3.1

    CERTIFICATE OF AMENDMENT
    OF CERTIFICATE OF INCORPORATION
    OF COUNTRYWIDE MORTGAGE INVESTMENTS, INC.

    Countrywide Mortgage Investments, Inc. has caused this certificate to be signed by Angelo R. Mozilo, its President, and Sandor E.
    Samuels, its Secretary, this 11th day of December, 1993

    “Kelly Absher” has been a Signatory for/with the following 9 Registrants:
    • Indymac Bancorp Inc [ formerly Indymac Mortgage Holdings Inc ]
    • Select Notes Trust LT 2004-1
    • Structured Obligations Corp
    • Structured Obligations Corp Long Term Cert Ser 2003 3
    • Structured Obligations Corp Long Term Certs Ser 2003-4
    • Structured Obligations Corp Long Term Certs Ser 2003-5
    • Structured Obligations Corp Select Notes Trust Lt Ser 2003-1
    • Structured Obligations Corp Select Notes Trust Lt Ser 2003-2
    • Structured Obligations Corp Trust Sprint Capital Cer 2002-1

    Registrant: Select Notes Trust LT 2004-1
    1 Closely Related:

    93 SEC Filings (from 6/8/04 to 3/24/11)

    10K 12/31/93 Indymac Bancorp Inc. Filed 3/29/94 SEC File 1-08972 Accession Number 898430-94-223
    ___________________________________

    IMPORTANT TO UNDERSTAND THAT
    NATIONSBANK (AGENT BOA) ACQUIRING ‘SERVICERS’ EARLY 1990’S

    EXAMPLE: COUNTRYWIDE FUNDING
    NORWEST CORPORATION
    RESIDENTIAL FUNDING
    GMAC MORTGAGE OF IOWA
    FORMER WELLS FARGO BANK NA
    SUBSIDIARY (WELLS FARGO BANK NA)

    NCNB CORPORATION (1073757) as of 12/31/1985
    #1 *NCNB Corporation 1073757 Charlotte NC a Bank Holding Co (“BHC”)

    What is NATIONSBANK NA?
    Institution History for

    BANK OF AMERICA, NATIONAL ASSOCIATION (480228) What is RSSD ID 480228?
    On 7/5/1999 Nations Bank, N.A. was renamed to
    Bank of America, National Association
    101 South Tryon Street,
    Charlotte NC.
    —————————————————–

    To find the relationships one must look in multiple locations.

    MEMBERS OF THE PRIVATE FINANCIAL EXCHANGES IN US REGISTERED WITH SEC
    http://www.secinfo.com

    This does not include the foreign loan trusts of the foreign organizations that our loans were placed inside of.

    Another LOOPHOLE.

    Foreign organizations have to have a domicle in USA to do business over our financial exchanges, but the USA does not require disclosure of ‘sharehowlers’ ‘investors’ ‘owners’ ‘private family trusts’ who take control of the ‘loans’ into private portfolios outside of our financial markets.
    ______________________________________

    To see the financial relationships of the foreign organizations acquisitions of ‘American’ financial institutions, one must review the http://www.ffiec.gov

  2. Indymac Bancorp Inc
    888 East Walnut Street
    Pasadena, California 91101-7211
    800-669-23¬00
    Incorporat¬ed in: Delaware, U.S.A. IRS Number: 95-3983415 SEC CIK# 773468
    Formerly Indymac Mortgage Holdings Inc 6/2/98

    2/12/01 Real Estate Investment Trusts (REIT) SIC 6798 Source: SEC
    8/07/08 Savings Institutio¬n, Federally Charted SIC 6035 Source: SEC

    CWM Mortgage Holdings, Inc. mortgage conduit operations consist of the purchase and securitization of mortgage loans secured by first liens on single (one-to-found) family residential properties that are originated in accordance with CWM Mortgage Holdings, Inc. underwriting guidelines.

    CWM Mortgage Holdings, Inc. mortgage conduit operations provide mortgage loan sellers with an expanded and competitively priced array of non-conforming mortgage loan products; timely purchasing of loans; flexible master commitments; and mandatory, best efforts and optional rate-locks.

    As of 9/30/1994 – 407 companies had been approved by CWM Mortgage Holdings, Inc. as being eligible to sell mortgage loans to INMC. Over 9 months, CWM Mortgage Holdings, Inc purchased $4.5 billion aggregate principal amount of mortgage loans from SELLERS that had been so approved: $27.8 million from Countrywide Funding Corp (“CFC”).

    CWM Mortgage Holdings, Inc. sold ‘SELLER’ $4.1 billion of non-conforming mortgage loans in connection with the issuance of 20 series of multiple-class mortgage-backed securities in the form of real estate mortgage investment conduits (‘REMICs’) and sold $.3 million non-conforming mortgage loans as whole loans.

    9/30/1994 Master Servicing Portfolio totaled 27,084 loans with an aggregate principal balance of $6.3 billion.

    8/13/1997
    INMC Mortgage Holdings Inc (“INMC”)
    Intermediary between the originators of non-conforming mortgage loans and permanent investors in mortgage-backed securities secured by or representing an ownership interest in such mortgage loans.

    INMC Principal business: Non-conforming mortgage loan conduit
    Entity: Independent National Mortgage Corporation
    Formerly: Countrywide Mortgage Conduit, Inc.

    10/25/1994 CWM Mortgage Holdings Inc
    Formerly Countrywide Mortgage, Inc. a real estate investment trust (REIT)
    Principal source of income from its mortgage conduit operations are gains recognized on the sale of mortgage loans and securities, the net spread between interest earned on mortgage loans owned by CWM Mortgage Holdings, Inc. and the interest costs associated with the borrowings used to finance such loans pending their securitization, and net interest income earned on its investment portfolio of mortgage loans, master servicing fees receivable and mortgage-backed securities.

    7/3/1992 Countrywid¬e Mortgage Investment¬s Inc/DE

    Independnt Lending Corporation (“ILC”) a qualified real estate investment trust subsidiary that is consolidated with CWM for financial reporting and income tax purposes. ILC conduts warehouse lending operations through it WLCA division, and conducts construction lending thru its CLCA division.

    Warehouse Lending Corporation of America (“WLCA”)
    Warehouse lending division: Provides secured short-term revolving financing to mortgage bankers and brokers.

    Principal sources of income from warehouse lending and construction lending operations are the net spread between interest earned on the warehouse loans and construction loans and the interest costs associated with the borrowings used to finance such loans and the fees paid to CWM Mortgage Holdings, Inc. by the borrowers in connection with such loans.

    Construction Lending Corporation of America (“CLCA”)
    Construction lending division: Provides single-family sub-division construction lending of developers (‘track construction’) and assists INMC in purchasing and administering
    Combined construction and permanent financing to individual borrowers who are constructing or remodeling their homes.

    4 Closely Related:
    Indymac Capital Trust I – SEC # 1157668 – 6/10/04
    Indymac Capital Trust II – SEC # 1157670 – 6/30/06
    Indymac Capital Trust III – SEC # 1157671 – 6/30/06Ind¬ymac Capital Trust IV – SEC # 1157669 – 6/30/06

    888 East Walnut Street
    Pasadena, California 91101-7211

    2/12/01 Real Estate Investment Trusts SIC 6798 Source: SEC
    8/07/08 Savings Institutio¬n, Federally Charted SIC 6035 Source: SEC
    IT’S “NATIONSBA¬NK – BOA”

    * ONEWEST BANK, FSB (3918898),
    (000001812¬9 OTS ONEWEST BK FSB),
    (26-423738¬2 OTS FINANCIAL FREEDOM ACQUIST. LLC)

    ‘Current Organizati¬on: Parents:

    1) IMB Management Holdings GP LLC &

    2) SHM 2009D TRUST, The

    Acquired:

    ONEWEST BANK, FSB (3918898) 3/20/2009
    888 EAST WALNUT STREET, PASADENA, CA
    establishe¬d as a Federal Savings Bank (“FSB”)

    LA JOLLA BANK, FSB (806677) 2010-02-20 &
    FIRST FEDERAL BANK OF CA F.S.B. (603876) 2009-12-19
    INDYMAC FEDERAL BANK, FSB (595373) 2009-03-20

    Acquired institutio¬ns above failed & dispositio¬n arranged by a regulatory agency.
    Assets distribute¬d to the acquiring institutio¬n.

    1 * IMB MANAGEMENT HOLDINGS GP LLC (3943386) PASADENA CA
    Thrift Holding Company (“THC”)
    2 -* ^ IMB MANAGEMENT HOLDINGS LP (4224019) 1 PASADENA CA – THC
    3 –* ^ IMB HOLDCO LLC (3923614) 2 PASADENA CA Thrift Holding Company
    4 —* ^ ONEWEST BANK GROUP LLC (3920864) 3 PASADENA CA – THC
    5 —-* ^ ONEWEST BANK, FSB (3918898) 4 PASADENA CA Federal Savings Bank
    6 —–* ^ FINANCIAL FREEDOM ACQUISITIO¬N LLC (4190002) 5 IRVINE CA
    Domestic Entity Other

    2000-07-01 FIRST FEDERAL SAVINGS AND LOAN ASSOCIATIO¬N OF SAN GABRIEL VALLEY was renamed to INDYMAC BANK, FSB and moved to 155 NORTH LAKE AVENUE PASADENA, CA.
    7/12/2008 renamed Indymac Federal Bank FSB
    61/1/2006 IndyMac Moved to 888 East Walnut St. Pasadena CA
    5/2/1995 Moved to 225 North Barranca Ave, West Covina, CA
    12/31/1979 Establishe¬d 144 N. 2nd Ave, Covina CA

    WM Mortgage Holdings, Inc.
    (formerly Countrywide Mortgage Investments, Inc (“CMI”)
    a real estate investment trust, operates three
    businesses:
    Principal business, a non-conforming mortgage loan conduit
    conducted through Independent National Mortgage Corporation (formerly
    Countrywide Mortgage Conduit, Inc.)

    (‘INMC’), a warehouse lending division,
    Warehouse Lending Corporation of America (‘WLCA’) and a construction lending
    division, Construction Lending Corporation of America (‘CLCA’). INMC is an
    intermediary between the originators of non-conforming mortgage loans and
    permanent investors in mortgage-backed securities secured by or representing an
    ownership interest in such mortgage loans. WLCA provides secured short-term
    revolving financing to mortgage bankers and brokers, and CLCA provides
    single-family subdivision construction lending to developers (‘tract
    construction’) and assists INMC in purchasing and administering combined
    construction and permanent financing to individual borrowers who are
    constructing or remodeling their homes.  

  3. Cross Reference info on Huffington.

    http://www.huffingtonpost.com/2011/02/13/former-indymac-execs-fraud_n_822538.html#postComment

    MERS MEMBER:
    Corporate Name: IndyMac Venture, LLC
    Address: 888 East Walnut Street
    City,State,Zip: Pasadena, CA 91101
    Toll Free Number: (800) 669-2300
    Direct Number: (626) 535-5555
    Fax Number: (626) 535-7854
    Primary Contact: Sandy Schneider
    Website: http://www.owb.com

    Member Org ID: 1008191
    Lines Of Business: Originator, Servicer, Subservicer, Investor, Document Custodian
    eRegistry Participant: No
    eDelivery Participant: No

    COUNTRYWID¬E MORTGAGE INVESTMENT¬S, INC.
    Jurisdicti¬on DE, 95-3983415 IRS ID#
    Exchange where registered¬:
    New York Stock Exchange
    Commission File# 1-8972
    Countrywid¬e Mortgage Investment¬s, Inc. (“CMI” or the “Company”) was incorporat¬ed
    in the State of Maryland on July 16, 1985 and reincorpor¬ated in the State of
    Delaware on March 6, 1987. The Company has elected to be taxed as a real estate
    investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended
    (the “Code”).

    Exhibit 3.1

    CERTIFICAT¬E OF AMENDMENT
    OF CERTIFICAT¬E OF INCORPORAT¬ION
    OF COUNTRYWID¬E MORTGAGE INVESTMENT¬S, INC.

    Countrywid¬e Mortgage Investment¬s, Inc. has caused this certificat¬e to be signed by Angelo R. Mozilo, its President, and Sandor E.
    Samuels, its Secretary, this 11th day of December, 1993

    Indymac Bancorp Inc • ‘S-3’
    CMO Collateralized Mortgage Obligation

    During the mortgage loan origination process or upon early payment default, CWM MORTGAGE HOLDINGS, INC. (“CWM”) 35 North Lake Avenue, Pasadena, California 91101-1857 (formerly Countrywide Mortgage Investments, Inc.) is at risk of loss to the extent that such seller does not perform its obligations

    CWM acts as master servicer with respect to the mortgage loans it sells.
    Master Servicing includes collecting loan payments from servicers of loans and remitting loan payments, less master servicing fees and other fees, to a trustee for each series of mortgage-backed securities master serviced.

    Master Servicer, CWM, monitors compliance with its servicing guidelines.

    CWM is required to perform, or to contract with a third party to perform, all obligations not adequately performed by any servicer.

    CWM Master Servicing as of 9/30/1994:
    27,084 loans $6.3 billion outstanding principal balance

    REMIC – CWM Master Services on a non-recourse basis substantially all of the mortgage loans it purchases.

    Each series of mortgage-backed securities is typically fully payable from the mortgage assets underlying such series, and the recourse of investors is limited to those assets and any credit enhancement features, such as insurance.

    Generally, any losses in excess of the credit enhancement (insurance) obtained are borne by the security holders.

    Except in the case of a breach of the standard representations and warranties made by CWM when mortgage loans are securitized, the securities are non-recourse to CWM.

    Typically, CWM will have recourse to the sellers of loans for any such breaches, but there can be no assurance as to the SELLER’s abilities to honor their respective obligations.

    CWM established mortgage loan purchase commitments (‘Master Commitments’) with SELLERS that, subject to certain conditions, entitle the SELLER to SELL and obligate CWM to PURCHASE (BUY) a specified dollar amount of non-conforming mortgage loans over a period generally ranging from three months to one year.

    Master Commitment specify whether a SELLER may sell loans to CWM on a mandatory, best efforts or optional basis, or a combination thereof.

    Master Commitments do not obligate CWM to purchase loans at a specific price, but rather provide the seller with a future outlet for the sale of its originated loans based on CWM quoted prices at time of PURCHASE (BUY).

    Master Commitments specify types of mortgage loans seller is entitled to sell to CWM and generally range from $5Million to $1Billion in aggregate committed principal amount.

    The provisions of CWM Seller/Servicer Guide are incorporated in each Master Commitment.

    Provisions may be modified by negotiations between the parties.
    Individualized Master Commitment options available to SELLERS which include alternative pricing structures.

    To obtain a Master Commitment, each SELLER is generally expected to pay a non-refundable upfront or non-delivery fee, or both, to CWM.

    9/30/1994, CWM had outstanding Master Commitments with 100 SELLERS to purchase mortgage loans in the aggregate principal amount of appox. $9.3 Billion over periods ranging from 3 months to one year, of which $2.4 Billion had been purchased or committed to be purchased pursuant to …
    (pick up at page 16) http://www.secinfo.com/dsvRa.b8u.htm?Find=securitized#17thPage

    1994 Subsidiaries of
    CWM Mortgage Holdings, Inc.
    EXHIBIT 21.1
    SUBSIDIARIES OF

    CWM MORTGAGE HOLDINGS, INC.

    SUBSIDIARY STATE OF INCORPORATION OR OWNERSHIP
    ORIGINATION

    CWM MORTGAGE OBLIGATIONS II, INC. DELAWARE DIRECT
    CWM MORTGAGE OBLIGATIONS III, INC. DELAWARE DIRECT
    INDEPENDENT NATIONAL MORTGAGE CORP. DELAWARE DIRECT
    INDEPENDENT LENDING CORPORATION DELAWARE DIRECT
    COUNTRYWIDE MORTGAGE TRUST 1987-I DELAWARE BUSINESS TRUST INDIRECT
    COUNTRYWIDE MORTGAGE TRUST 1987-II DELAWARE BUSINESS TRUST INDIRECT
    COUNTRYWIDE CASH FLOW BOND TRUST DELAWARE BUSINESS TRUST INDIRECT
    COUNTRYWIDE MORTGAGE TRUST 1993-I DELAWARE BUSINESS TRUST INDIRECT
    COUNTRYWIDE MORTGAGE TRUST 1993-II DELAWARE BUSINESS TRUST INDIRECT

    ___________________________________________________________________________________

    Exhibit 21.1 2007-2008 Subsidiaries of
    SUBSIDIARIES OF INDYMAC BANCORP, INC.

    STATE OF INCORPORATION
    SUBSIDIARY OR ORGANIZATION OWNERSHIP

    IndyMac Intermediate Holdings, Inc. Delaware Direct

    IndyMac Bank, F.S.B. Federally Chartered Indirect

    Financial Freedom Senior Funding Corporation Delaware Indirect

    IndyMac Retained Delaware Indirect

    Substantially all of the CWM assets are pledged to secure the repayment of Collateralized Mortgage Obligations, reverse purchase agreements and other borrowings.

    Anticipated substantially all of the mortgage loans CWM acquires in the future will also be pledged to secure borrowings pending securitization or sale or as part of their long-term financing.

    Cash flows received by CWM from its investments that have not yet been distributed, pledged or used to acquire mortgage loans or other investments may be the only unpledged assets available to unsecured creditors and stockholders in the event of liquidation of CWM.

    In purchasing mortgage loans and issuing mortgage-backed securities, the
    Company competes with established mortgage conduit programs, investment banking firms, savings and loan associations, banks, FNMA, FHLMC, the Government National Mortgage Association (‘GNMA’), mortgage bankers, insurance companies, other lenders and other entities purchasing mortgage assets. Certain changes currently taking place in the mortgage industry, including technological initiatives promoted by FNMA and FHLMC which could give such entities direct access to mortgage borrowers, may have an adverse impact upon current sellers to the Company’s mortgage conduit operations.

    Mortgage backed security is a type of derivative security, the cash flow on which is derived from payments on an underlying pool of mortgage loans.

    Subordinated securities refers to mortgage-backed securities that are rated below AAA by S&P) …

    Securities retained in connection with its issuance of mortgage-backed securities in the form of REMIC’s

    Securities purchased in third party transactions.

    Liquidity:
    CWM uses proceeds from, among other things,

    Reverse purchase agreements to meet its working capital needs.

    CWM reverse purchase arrangements are subject to collateral maintenance agreements whereby the Company, in effect, may borrow a specified percentage of the market value of the mortgage loans and mortgage-backed securities which are the subject of the arrangements.

    Market value generally determined by the LENDER.

    If market value of the collateral declines (as will be the case if interest rates increase), additional collateral is required to secure such borrowings.

    If the required amount of collateral is increased, CWM ability to raise funds through subsequent similar arrangement may be diminished.

    If CWM fails to post such additional collateral, the LENDER may terminate such arrangement, accelerate CWM obligations and sell or retain the existing collateral in order to satisfy CWM debt.

    CWM as implemented a hedging strategy for the portion of its mortgage portfolio held for sale which to some extent may mitigate the effects of adverse market movement.

    Currently CWM does not have committed financing facilities available for the portion of its warehouse lending program pursuant to which CWM may make loans that are secured by SERVICING rights, SERVICING sales receivables and FORECLOSURE and REPURCHASE MORTGAGE LOANS, nor does CWM have committed financing facilities available for its newly organized CLP’s.

    POTENTIAL CONFLICTS OF INTEREST

    Although the Company believes that its relationships with
    CAMC,
    CCI and
    CFC
    provide significant benefits to its various operations, CWM is subject
    to potential conflicts of interest arising from its relationship with its
    manager, CAMC, and CAMC’s affiliates.

    CAMC, through its affiliation with CFC,
    has interests that conflict with those of CWM in fulfilling many of its
    duties.

    Although CWM generally purchases (BUYER) mortgage loans on a servicing
    retained basis (where the seller retains the servicing rights) and

    CFC purchases (BUYER)mortgage loans on a servicing released basis
    (where the buyer acquires the servicing rights),
    CWM may from time to time compete with CFC for the
    purchase of mortgage loans in those cases where sellers are evaluating servicing
    retained as well as servicing released sales options.

    In addition, CWM relies upon CAMC
    (which has entered into a subcontract with CFC to provide
    certain management services to CWM) for the day-to-day operation of its
    business.

    Currently, CWM has no employees and relies upon CAMC and its
    employees to conduct CWM business including its mortgage conduit,
    warehouse lending and construction lending operations.

    In conducting its operations, CWM may utilize
    CFC as a resource for:
    loan servicing, personnel administration and loan production.

    No assurance can be given that the Company’s relationships with CAMC and its affiliates will continue indefinitely.

    The failure or inability of CAMC to provide the services required of it under
    the management agreement (or of CFC to perform its obligations under its
    subcontract with CAMC) or any other agreements or arrangements with CWM
    could have a material adverse effect on CWM’s business. In addition, as
    sole holder of all outstanding voting stock of INMC, CFC has the right to elect all
    directors of INMC.

    Such directors elect the INMC officers and determine the dividend policy of INMC.

  4. Mary

    Will not be available tomorrow — will try again on Thursday.

    Thanks.

  5. Dear ANONYMOUS, on April 5, 2011 at 2:12 pm

    Thank you for calling.

    On the phone for almost five hours with an educated consumer exchanging information.

    I’ll be available tomorrow.

    Kind Regards,
    Mary Cochrane

  6. Mary

    Tried to contact you by phone. Left a message.

  7. Here is the interesting undertone of the 60 Minutes story that I haven’t heard.

    In this story, they spoke of 1 million foreclosures happening last year

    and another

    1 million this year. break that down to 50 states and that equals 20,000 new STATE lawsuits in one years time.

    That would destroy every court system in every state in the US.

    The banks nor the government are driving the bus on this issue, the homeowner is.

    For once, people are standing up to both and making both of them prove their case.

    This has been talked about on the internet for a long time now. I give cudo’s to CBS for showing this story and bringing this to light.

    Thanks to people like Neil Garfield and Matt Taibbi of Rolling Stone for standing up for the little guy when no one else would.

    Make them show the note.

    If the state court systems break down, you
    may finally see bank execs prosecuted.

    Every Home Owner facing Foreclosure should file a law suit.
    Don’t walk away from you’re home!

    Let’s kick some Bankster But..

    Make them prove there ownership.

    With phony robo signed doc’s and $10 hr. VP’s, fraud run amuck corrupted notary’s.

    Id say home owner’s have a chance

    Their are lot’s and lot’s of resource’s that can help you defend your home.

    Now is the time for the little guy to strike back against the evil empire!

    Just my two cents!

  8. Dear Annoymous:

    That remains the mystery and banks as a superior class of consumer made sure there is not documentation between their related entities and no laws preventing related entities from creating new loans and selling them to each other.

    In May 2003, Congress approved the financial holding companies as superior consumers, over private financial exchanges could provide “less documentation. ”

    A few months later, Congress also approved financial holding companies’ dealers, brokers, agents, distributors could also “not provide” full documentation.

    What laws stop SERVICER from selling the LOANS to SELLER who continues doing what they always did- sell discounted loans, get funding, act as Depositor, as Custodian, …..

    Need to read the Agreements.

    Laws govern each transaction. What laws exist that protect consumers? I learned in class there is a law for every transactons involving commerce.

    The goal of the financial holding company parent is ‘UNITS’ and ‘TRANSACTIONS” they make their money moving financial products and financial services.

    What laws exists in commerce that would prvent a financial holding company’s SERVICER from not creating new loans?

    Everytime they created new loans the Corporate Treasury had access to the funding to do whatever.

  9. 10.29 Million viewers to 60 minute segment on foreclosures last Sunday. This is great news.

    We need to get a Dream Team Law Firms to plead our case with the help of Neil Garfield and Associates.

    NEVER AGAIN

  10. “Question:
    Barbara Jones-Burrell
    Posted 4/5/2011 @ 2:18 AM

    Dear Barbara

    This is not an article.

    DISCLAIMER: Actual information stored in the public domain is cut/pasted from documents that are public.

    As a reasonable person, please be aware that I provide information for you to take to the next level.

    Here is more information who BOA – Agent of The Foothills Group Inc., subsidiary Foothills Group Capital was as NATIONSBANK when acquiring Norwest Corporation assisted by USB Financial Services Securities Investor back in 1992/1993.

    Please review public data reporisotry.
    Information may be of value to your Attorney General regarding the deceptive acts where consumers property (real and person) targetted by ‘private brand labels’ retail and employees, agents, brokers, dealers, distributors take into private pipeline credit application and are rewarded by commissions. The pipeline the credit application you signed to secure a credit check for a mortgage, loan, note, securitized ? was at retail and a third party sold at a discount the loans to third parties.

    Indeed such acts harmed me as a consumer, for I did not know … and are too harmed by “Substantive Omissions of Material Facts. What is the intent? Jury Trial Demanded!

    I petiton redress of grievances of deceptive acts by employees of national banks, federal savings and loans banks, state banks, financial instituions, credit unions, who took real and personal property of consumer by deception and the employees with knowledge and intent – collusion- brought to third parties. The asset used to create loans and the SELLER of the loans benefitted selling the loans at a discount to third parties. This BUYER was another third party and each BUYER, selling back rights to SELLER to SERVICE loan and SELLER as Securities Administrator and as SERVICER collected currency from consumer to pay a debt owed to who?

    I share important infomration revealing loopholes utilized by foreign organizations who harmed the economy, third element of our national security. Since GLB Act, Congress does not enforce laws, the Executive Branch enforces laws.

    Where is the President of the United States and why is he looking forward to the next election ignorning the primary duty of his Oath of Office to Enforce Laws as Commander in Chief.

    We are harmed and our assets were coveted by foreign organizations (outside US) and our assets are taken daily by deceptive acts.

    Collectively consumers are the welfare of the nation.

    Foreign orgnaizaitons choose lawlessness and utilize major loopholes (our rules).

    Congress continues overstepping limited powers preventing enforcement of laws as if there is a written agreement they will only sanction (fines) for lawlessness.

    If you had a choice to not follow the laws and make more money and know you won’t go to jail what would you do?

    Foregin organizations (not US Citizens) have no vested interest in remaining lawful citizens.

    Foreign organizations don’t value the entitlements of being a lawful citzen such as due process of law, and protection from unlawful siezure of assets.

    They just change their name.

    Foreign Organizations as “Private members of financial exchanges” such as New York Stock Exchange, American Stock Exchange, Chicago Stock Exchange collaborate thru agreements.

    These Members are are in perpetual Agreements.

    Data facts surrounding INDYMAC and Countywide on a given day is a ‘frame’ of a movie without context the details left to the imagination of the viewer.

    NATIONS BANK began doing business using the Bank of America National Association business entity name on 7/5/1999. Bank of America did not just acquire Countrywide.

    Members engage in business (exchanging currency and products and services) and collaborate all the time through legal Agreements which define the roles and responsibilities all that affect their business operations.

    MEMBERS’names change all the time.

    The original Agreements exist until they are terminated by agreement voluntarily or involunatrily.

    Existing Agreements continue to live through the former registrations and how the business incorporates the old with the new.

    Like when one gets married, the act of marriage is governed by laws state and federal and affect status as a legal entity, and commerce of the union – federal and state taxes for example, rights surrounding real and personal property, responsibility as a citizen and resident of a state, rights of a parent over their children, etc.

    Who is the BUYER of the discounted loans?
    As a consumer what recourse do I have when my property was taken by deception and employees of a United States National Bank took property by deception and allowed third parties to take possession in larcenous manner.

    If you sell your property, will you have a clear title?

    If you are being foreclosued upon, how do you know the party before the court (Trustee for example US Bank National Association) who claimms to be the lawful party owed the debt.
    Are they? How did that TRUSTEE get the right to be the lawful party? Oh the loan was to be placed into the Pooling & Servicng Agreement and was not. Now what.
    If the loan was not in the PSA, did the trustee have the right to file the documents to foreclosue.

    Did the TRUSTEE and acting on behalf of whom get a free house? To find out you have to read the agreements starting for Bank of America and Countrywide consumers wtih the foundation agreements and amendments.

    As a consumer, I’ve found the loophole whereby, the SERVICER using a private brand label
    ‘Wells Fargo Bank NA’ is the SERVICER.

    Just the name affixed to a documents prevents consumers from securing protection from their state laws.

    Foreclosues are in state court with a narrow scope so the Plaintiff can produce Agreements and the court will only look within four courners of the contract.

    You need to be in Federal Court – US District Court – US Attorney Generals to allow the COURT to review evidence that incorporates all of the outside agreements the TRUSTEE, SERVICER, SECURITIES ADMINISTRATOR, SELLER, BUYER, DEPOSITOR, etc. don’t want the courts to see, hear or consider.

    Please do not use the term “LENDER” or ‘BANK” unless you have a real loan, that a real Bank and real lender.

    Otherwise, consumers have nothing more than a LOAN#,. The loan# used by the SERVICER you pay who is a debt collector. The SERVICER may be Ace, Americas Servicing, GMAC Bank, and are just a debt collector who gets a good chunk of change for ‘servicing’ collecting payments.

    You don’t know who the BUYER of the LOAN is.
    You don’t know if the mortgage, note and related documents were filed lawfully.
    You don’t know when you pay off your mortgage if the chain of title will allow you to sell the property.

    Consumers are not in any Agreements with the SELLER, LENDER, INVESTOR, BUYER, DEPOSITOR, etc.

    The mortgage documents and notes created a debt through a loan and the SERVICER who sold the discounted loan was in agreements with the BUYER who sold back the servicing rights to the SELLER. The SERVICER has agreements with third party’s to collect money from you. There are agreements that go into effect and change who does what to whom when you are late making a payments. You need to know what those agreemetns are.

    The SERVICER is agareements with agents, dealers, brokers, distributors like the Settlement Agent of the TItle Companies who do the loan closings (orignations) get the funding deposits from BUYER deposited into their Corporate Securities Trust Accounts of the SELLER! who acts as DEPOSITOR.

    You have nothing to do with the Settlement Agent who received the funding from the BUYER of the loan. The Settlement Agent is in agreements with the SERVICER.

    Consumers must CONTEST all claims by third partyies to ensure they are the owners of the debt!

    Principles of Justice and Fairness
    Attorney Generals help! Stop foreign organizations from spitting upon the Federal Republic, who engage in lawlessness, and taking property by deceptive acts, and intentionally allow third parties to take possession of property in larcenous manner!

    New Datafacts:

    NCNB CORPORATION (1073757) as of 12/31/1985
    #1 *NCNB Corporation 1073757 Charlotte NC a Bank Holding Co (“BHC”)

    What is NATIONSBANK NA?

    Institution History for
    BANK OF AMERICA, NATIONAL ASSOCIATION (480228) What is RSSD ID 480228?

    On 7/5/1999 Nations Bank, N.A. was renamed to
    Bank of America, National Association
    101 South Tryon Street,
    Charlotte NC.
    ——————————————————–

    7 institution history record(s) found.
    Event Date & Historical Event

    1959-12-31 AMERICAN COMMERCIAL BANK located at CHARLOTTE, NC was established as a State Member Bank.

    1960-07-01 AMERICAN COMMERCIAL BANK was renamed to NORTH CAROLINA NATIONAL BANK and changed from State Member Bank to National Bank.

    1983-01-04 NORTH CAROLINA NATIONAL BANK was renamed to NCNB NATIONAL BANK OF NORTH CAROLINA and moved to ONE NCNB PLAZA CHARLOTTE, NC.

    1992-01-01 NCNB NATIONAL BANK OF NORTH CAROLINA was renamed to NATIONSBANK OF NORTH CAROLINA, NATIONAL ASSOCIATION.

    1995-01-03 NATIONSBANK OF NORTH CAROLINA, NATIONAL ASSOCIATION was renamed to NATIONSBANK, NATIONAL ASSOCIATION (CAROLINAS).

    1995-09-30 NATIONSBANK, NATIONAL ASSOCIATION (CAROLINAS) was renamed to NATIONSBANK, N.A..

    1999-07-05 NATIONSBANK, N.A. was renamed to BANK OF AMERICA, NATIONAL ASSOCIATION and moved to 101 SOUTH TRYON STREET CHARLOTTE

    “There is no mention in this article of B of A purchasing Countrywide or any of Countrywide’s mortgage loans. What does that mean for those of us who had our Countrywide mortgages foreclosed on by B of A? Does this mean they never owned the mortgages they foreclosed on? Did B of A actually purchase the now defunct Countrywide?”

    I have the information. To understand is to realize public information exists in multiple databases that reveal business relationships and related transactions and definitions will be in the Secretaty of State – Business Entity – Treasury of each state where commerce requires entities to be registerd.
    Be aware of fictitious name – alternate names for example in PA, for GMAC Mortgage of Iowa, owned by Wells Fargo & Co. dba Wells Fargo Bank NA they have a fictitious recording for ‘GMAC Bank’ in great State of PA.

    One must look in multiple sources (public databases) for information which provides additional details.

    The banking information reveals who BOA was.
    In 1994, NATIONS BANK NA 4/30/1994 #2 bank Maryland National Branch RSSD ID 248624 was acquired by NATIONSBANK NA, reamed Maryland Nat BR located at 10 Light Street Baltimore MD.

    Of great interest should be how Maryland National Branch was established as a national bank.

    12/31/1959 Fidelity-Baltimore National Bank
    6/27/1960 Fidelity-Baltimore National Bank renamed to Baltimore National Bank
    11/14/1961 Baltimore National Bank renamed to Maryland National Bank
    4/30/1994 Maryland National Bank was acquired by NATIONSBANK, N.A.

    I’m interested in my research of ‘loopholes’ of NationsBank NA as related to BOA as Agent and Nationsbank acquiring Norwest Corp in 1992/1993.

    In order to engage in “Commerce” the United States requires that a business entity must be registered in a state with the Treasury.

    Business Entity Search by State

    ____________________________________
    Bank of America…There are 111 Institutions acquired sold assets to acquiring instituion. This is one view from

    Bank of America, NA RSSD ID 480228 Acquired 111 Institutions

    Merrill Lynch Bank & Trust Co. FSB,
    Merrilly Lynch Bank USA
    MerrillyLynch Commercial Financial Corp

    Countrywide…1469211 4/27/2009
    US Trust Technology and Support Services, Inc. 3081149 5/30/2008

    US Trust Co, NA 2333412 2/11/2008
    MBNA America DE, NA 2621379 9/22/2006
    Fleet
    NATIONS BANK OF TENNESSEE
    NATIONSL BANK OF TEXAS
    erica ….

    NationsBank, NA 767723 9/30/1985
    Nationsbank Trust Co, NA 1356674 4/16/1996
    Nationsbank, NA (South) 372930 6/2/1997
    NationsBank, NA (Mid-West) 791559 6/14/1997

    SUNWEST…
    State Bank & Trust Co 321527 9/22/69
    Citizens Bank and Trust Co RSSD 322029
    FARMERS BANK 208422 7/29/1972

    GREAT ATLANTIC SAVINGS BANK, FEDERAL SAVINGS BANK (280576)
    12/31/1979 Eastern Savings & Loan Assoc Maneto NC established as Savings & Loan
    5/26/1987 renamed to Great Atlantic Savings Bank FSB
    9/16/1989 BANK FAILED NCNB National Bank of NC renamed 1/1/1992 Bank of America National Association
    7/5/1999

    LASALLE BANK MIDWEST NATIONAL ASSOCIATION (445843)
    2008-10-17 The acquired institution sold its assets to the acquiring institution.
    LASALLE BANK NATIONAL ASSOCIATION (455534)
    2008-10-17 The acquired institution sold its assets to the acquiring institution.

    ———————————————-

    Did Deutsche Bank (Banks Trust trustee at the time of the Agreements referened above)

    Did Deutsche Bank Trust of Americas sell a branch of LaSalle National Bank to BOA?

    Note: LaSalle National Bank responsible for Ambac trusts.

    —————————————————————
    Lasalle Bank Midwest National Association RSSD ID 445843 (Domestic Bank)
    Domestic Branch of a Domestic Bank
    A branch that resides in the United States, and whose parent is also located in the United States.
    Troy Branch 2600 West Big Beaver Rd, Troy MI 48084
    Acquired by Bank of America National Association 10/17/2008
    Head Office: Bank of America, NA
    Financial Statements for this institution type are not available.
    Bank of America, NA RSSD ID 480228 Acqu9ired 111 Institutions

    ___________________________________
    Parent: Nationsbank Corp
    This institution has been acquired (see Institution History) as of 11/30/1993.
    NATIONSBANK TEXAS CORPORATION
    DALLAS, TX, UNITED STATES 75222

    Institution Type: Bank Holding Company

    Primary Federal Regulator: FEDERAL RESERVE
    RSSD ID: 1250802

    Activity: OFFICES OF BANK HOLDING COMPANIES
    11/30/1993 last transactions recorded under 1250802 as bank holding company under NationsBank Corp. Detail of interest based on capital flow to Parent. Entities continue doing business or using private brand labels.
    ———————————-

    NATIONSBANK, N.A.

    This institution has closed (see Institution History). The last available information is:
    BETHESDA MAIN OFFICE
    6610 ROCKLEDGE DRIVE
    BETHESDA, MD, UNITED STATES 20817

    Institution Type: Domestic Branch of a Domestic Bank

    RSSD ID: 834821

    Head Office: RICHMOND MAIN STREET OFFICE

    Institution History for BETHESDA MAIN OFFICE (834821)

    11 institution history record(s) found.

    Event Date Historical Event
    1938-07-24 SUBURBAN NATIONAL BANK located at SILVER SPRING, MD was established as a National Bank.
    1951-05-31 SUBURBAN NATIONAL BANK was renamed to SUBURBAN TRUST COMPANY and moved to HYATTSVILLE, MD and changed from National Bank to Non-member Bank.
    1981-12-31 SUBURBAN TRUST COMPANY was renamed to SUBURBAN BANK.
    1982-04-05 SUBURBAN BANK moved to BETHESDA, MD.
    1986-03-31 SUBURBAN BANK was renamed to SOVRAN BANK/MARYLAND and moved to 6610 ROCKLEDGE DRIVE BETHESDA, MD.
    1992-01-01 SOVRAN BANK/MARYLAND was renamed to NATIONSBANK OF MARYLAND.
    1992-04-25 NATIONSBANK OF MARYLAND was renamed to NATIONSBANK OF MARYLAND, N.A. and changed from Non-member Bank to National Bank.
    1994-04-30 NATIONSBANK OF MARYLAND, N.A. was renamed to NATIONSBANK, N.A..
    1995-03-09 NATIONSBANK, N.A. was acquired by NATIONSBANK, N.A..

    1995-03-09 NATIONSBANK, N.A. was renamed to BETHESDA MAIN OFF and changed from National Bank to Domestic Branch of a Domestic Bank.
    1995-08-18 Institution is closed.

  11. Mary

    Very glad you are exposing this. You write — “unless you back into the Agreements which were in affect and effect at the time.” Very important. Have been also saying that you have to go back —- not all records apparent — but, the simple question is —-If an entity had your mortgage, then why in the world would they ever give it to someone else by a refinance?

    Thank you.

  12. My real conclusion is that the United States Government has decided not to decide.

  13. This pretty much answers my question regarding why Brian Davies has been going through this long process. The Judge in this Bankruptcy court seems to know what he is doing. I think I understand why he has put Brian through all this. Because the Supreme Courts in California are pretty much favoring the banks almost blindly. Brian please if you have time respond to this analysis.

    Well, depends.
    This went from RVS BK Court…that concluded and now the Bank wants to foreclose. Down south, there is the Mabry decision. The same rules do not apply in LA County. He is a pro per that is holding firm. Kind of good strategy if a Court will entertain…doesnt cost much if you do it pro per. If he loses and needs to appeal, then thats costly.

    Brian’s opposition to the Demurrer is pending. The Bank is saying who cares what the BK Court said, we want to go forward with our rights of foreclosure and want a State Court now to validate it. Its interesting in light of the fact that the BK court already decided there is no standing – Can a Ca Court just say who cares? Well, they have in the past to Judge Buffords decisions.

    Guess we will know April 28.

  14. Hi Brian
    I thought you were represented by counsel?

    thanx for all you have done

  15. http://www.scribd.com/doc/52336924/PLAINTIFF-S-OPPOSITION-TO-DEUTSCHE-BANK-DEMMURRER-TO-FOURTH-AMENDED-COMPLAINT-RIVERSIDE-SUPERIOR-COURT-JUDGE-WHITEOpp-dbntc-4ac-Dem-Str-Rjn-Bk-Ind-Me

    THESE PEOPLE NEED TO BE STOPPED. HERE IS OPPOSITION TO DEMURRER TO 4TH AMENED COMPLAINT AND MOTION TO STRIKE FILED CONCURRENT WITH RJN MERS SUBPOENA, BK CASE DENIALS FOR MOTIONS FOR RELIEF FROM STAY

  16. There is no mention in this article of B of A purchasing Countrywide or any of Countrywide’s mortgage loans. What does that mean for those of us who had our Countrywide mortgages foreclosed on by B of A? Does this mean they never owned the mortgages they foreclosed on? Did B of A actually purchase the now defunct Countrywide?

  17. Dear Dahotruth:

    These are the actual copies of documents no one reads that defines the roles and responsiblities of the private members of the financial exchange.

    The birth, if you will, of INDYMAC’s agreements with COUNTRYWIDE FUNDING.

    Read closely and you’ll realize the agreements existed in 1992 and are still in effect perpetual and modified by Amendments.

    These Agreements were written in a language that is clear with less defects and when the new financial instruments discussed were created birthed the real securitized process that is no longer followed but provides the foundation if you will, base line, of how it all started.

    You can’t read and Agreement today on the SECINFO.COM and have a complete understanding unless you back into the Agreements which were in affect and effect at the time.

    Please call with any questions regarding public information available for free on http://www.secinfo.com which I cut and pasted for your convenience if you are interested in understanding how the economy was harmed.

    Will you read and decide for yourself their value?

    Thank you.

    Kind Regards,
    Mary Cochrane
    Victory Over Theft Exchange
    973-347-3475

  18. Perhaps you can elaborate on the purpose of this post?

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