Cochrane: How Deutsche Bank as a Trustee will attempt to harm you in bankruptcy court.

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE

EDITOR’S NOTE: When you actually READ the securitization documents, you will find, as I did, that all of them are quite disingenuous. They mislead the casual reader and even some careful readers who don’t understand what is actually being said. The prospectus says the investor is buying into a pool, but as you continue to read, you find the pool has not been formed, much less filled with loans to satisfy the definition of “asset-backed mortgage bond.” So the investor is buying into a non-existent pool, which may or may not have been formed at a later date, with nothing in it except the income received from selling credit default swaps on the most toxic tranches of a CDO, usually in the same Special Purpose vehicle (Trust).

The so-called “Trustee” seems at first to be an intended fiduciary of a bona fide trust, but as you read the PSA and other securitization documents you find that with each passing page the powers of the Trustee are stripped away until they are at best the contingent agent of a dubious trust that has nothing in it except the income from credit default swaps and whose principal asset, as represented, is neither present nor was there ever any intent to make any legal transfers of legally constituted documents that would fill the pool with assets and thus create the “res” over which the Trustee has power.

With each passing page of each document it is obvious that the powers of the “Trustee” are actually in the hands of the master servicer, who in turn hires a subservicer who actually does the work, but without “knowledge” (plausible deniability). The subservicer in turn has multiple sets of books which it uses for reporting purposes — one for the borrower, one for the investor and one for the securitizers, to start with. Like MERS, the subservicer never lays hands on any document evidencing ownership of the borrower’s obligation which of course is at variance with the undelivered note and undelivered mortgage or deed of trust.

And since the subservicer does not handle or control the payments to securitizers and the investors, it has no way of knowing or accounting for payments that were made — except its own payments to the securitizers, despite the declaration of default against the borrower. The borrower, not knowing the payments are continuing, accepts the allegation that the obligation is in de fault even though it is being paid. UNTIL THE COURT IS MADE AWARE OF THE MULTIPLE SETS OF BOOKS, IT HAS NO WAY OF KNOWING ABOUT THE FRAUD. AND IF IT ISN’T EVEN ALLEGED, THEN THE ISSUE IS NOT BEFORE THE COURT.

The Trustee meanwhile has no idea what is going on in the courts (plausible deniability) and neither do the investor-lenders. Payments of principal and interest made to the securitizers, who are agents of the investor-lenders are neither reported to nor paid to the investors in many cases. While often named as the foreclosing party, the Trustee has no attorney client relationship with the attorney who is representing to the court that he represents the “lender” or “Holder” of the note, which of course does not describe the transaction that was disclosed to the borrower in the loan documents, note and mortgage. Hence the borrower-debtor, is led to believe that the loan documents are the written instruments governing the transaction when in fact they are a lie — but without putting together the securitization documents, the loan level accounting, the title and securitization analysis and the forensic analysis, the borrower and his/her attorney is in the dark about the truth of the matter. Hence the representation in court by the pretender lender appears true because the borrower does not deny them.

How Deutsche Bank as a Trustee will attempt to harm you in bankruptcy court BY MARY COCHRANE

See Case No 07-077227-PB7 (Bankr.S.D.Cal 6/9/2008)
DEUTSCHE BANK NATIONAL TRUST COMPANY, as Trustee for WaMu Series 2007-HE1 Trust, its
assignees and/or successors

The TRUSTEE will argue against you if you claim Deutsche Bank may not foreclose on the property because the Assignment was not recorded.

US Bankruptcy denied relief as to: CC 2932.5 if DBNTC could not provide ownership documents it could not….

An Assignment of the Note amounts to an Assignment of the Deed of Trust.

Deutsche Bank has provided no convincing evidence that the Note was ever assigned to Deutsche Bank. Furthermore, even if the Note was assigned to Deutsche Bank, Deutsche Bank is not the party asserting a security interest in the Property. Rather the motion is brought by Deutsche Bank as TRUSTEE for HE1 Trust. The record is devoid of any further assignment to HE1 Trust.

In summary, the only question before the Court is whether Deutsche Bank and/or HE1 Trust has an interest in the Proeprty. The Court holds that Deutsche Bank has failed to provide evidence that it, let alone HE1 Trust has a security interest in the Property. Accordingly, the motion is denied. Deutsche Bank’s motion for relief from stay is dened without prejudice.

WaMu retains possession of Note and Deed of Trust as Agent for Deutsche Bank.

The Trustee, Deutsche Bank, argues that based upon “…..” may not foreclose on the Property because the Assignment was not recorded. That may be. However, that is an issue the TRUSTEE can raise with the state court if relief from stay is ultimately granted.

Both parties allotted much ink and paper to issue of whether Deutsche Bank has a perfected security interest in the Note. The Court finds this discussion beyond the scope of the motion before it. Deutsche Bank has moved for relief from stay to proceed against the Property. Whether or not it holds a security interest in the Note is irrelevant. Since we are not concerned with a security interest in the Note, all talk of a ‘perfected lien’ on the Note is beside the point.

http://www.scribd.com/doc/28277345/US-BANKRUPTCY-DEUTSCHE-BANK-NTC-AS-TRUSTEE-DENIED-RELIEF-AS-TO-OWNERSHIP-VIA-TRUST-2932-5

Regarding Asset Backed Securities, could be Depositor, Underwriter, even one of its Special-Purpose Vehicles SPV’s could be a national banking association or sent in during a foreclosure or bankruptcy as a substitute trustee:.

Deutsche Bank National Trust Co.
Formerly Bankers Trust Co of California NA 8/1/96
3 Park Plaza 16th Floor, Irvine CA 92614
Maiing: 1761 East St. Andrew Pl, 2nd FLoor Santa Ana CA 9270a
IRS 13-3347003
7,443 SEC Filings 5/6/97 – 2/14/11
As ‘Filer’ ‘Owner’ ‘Filing Agent’

Deutsche Bank National Trust Company (Deutsche Bank), as Trustee for

In MERSONLINE.Org registry
DB Structured Products Inc.
60 Wall St. NY NY 10005
212-250-9340 Fax 212-797-516
Primary Contact: MERS Dept c/o Deutsche Bank NA
MEMBER ORG ID: 1002829
Lines of Business: Servicer, Subservicer, Interim Funder, Investor, Document Custodian
eRegistry Participant: NO
eDelivery Participant: NO

Business Entity: New York State
Jurisdiction: Delaware
Active – Initial DOS Filing: 4/30/1970
1/11/2002 changed name to DB Structured Products Inc.

Mary reveals below information on Deutsche Corporate Trust Services and imagine name change in line with DB Structured Products Inc. name change. Was Deutsche Bank Shapres Pixley Inc. 1/7/1994 – 1/10/2002
And was 1/6/1994 thru 4/30/1970 Deutsche Bank Sharps Pixley Inc. former name Sharps Pixley Inc established 4/30/1970.

During foreclosure or bankruptcfy in CA for example, the Deed of Trust may list ‘WaMu’ as the beneficiary and “California Reconveyance Company’ as the Trustee. On the SEC, you’ll find Deutsche Bank Trust Company/National Association to be a ‘Filing Agent’ of Deutsche Bank AG and 1 SEC File as ISSUER SEC File 028-12000 13F-NT/A and 13F-NT. First Filing 8/15/06 – Last Filing 2/15/11.

Don’t be frustrated if you are not understanding these facts. The more you read them and try to understand them you’ll realize you are smarter than the average bear. I could not spell ‘SEC’ when I started October 2008.

Deutsche Bank Trust Co National Association
280 Park Avenue
New York NY 10017

How does Deutsche Bank have a perfected lien against the Property and Chain of Title?

Deutsche Bank will assert to the court it is the ‘current beneficiary of a primissory note and deet of trust by way of Assignment’

What is the ‘Trustee’ I mean ‘are’ the TRUSTEE’s in SEC Reconstituted and/or their Reconstituion Servicing Agreements going to do now? regarding

Assignments in CA for example:

MERS Fatal Flaw in Ca, on May 12, 2011 at 10:19 am said:
In California it’s coming down to one key issue, MERS NOT having an assignment of the Note from the Original Lender to MERS, legally recorded.
“The assignment of the lien without a transfer of the debt was a nullity in law.”
“A lien is not assignable unless by the express language of the statute.”
CALIFORNIA SUPREME COURT, DAVIS, BELAU & CO. V. NATIONAL SUR. CO., 139 CAL 223, 224 (1903)
“The note and mortgage are inseparable; the former as essential, the latter as an incident. An assignment of the note carries the mortgage with it, while an assignment of the latter alone is a nullity.”
CARPENTER V. LONGAN, 83 U. S. 271 (1872), U.S. Supreme Court
More info at https://sites.google.com/site/mersfatalflawsincalifornia

Well in the USA Deutsche promoted itself 2002 forward Trust & Securities Services

Deutsche Bank`s Trust & Securities Services provides an extensive range of trust, agency, depositary, custody, fund administration and related services on over EUR 7 trillion in debt and equity securities worldwide. Its six globally integrated product groups ensure that every service is provided by expert, specialist staff.
Debt Services offers a range of products for bonds, CP and MTN programs, project financings, escrows, restructurings, syndicated loans, auction rate securities and Islamic financings
Structured Finance Services specializes in asset and mortgage backed securities, collateralized debt obligations and asset backed CP conduits
Corporate Services provides management and administration for a variety of tax-neutral and tax-advantaged structures
Alternative Fund Services provides administration for hedge funds, fund of hedge funds, private equity and other alternative investment vehicles
Equity Services covers ADRs, global shares, German shares and German capital transactions
Direct Securities Services provides safekeeping and clearing services for securities in more than 32 markets worldwide.
For information about Deutsche Bank residential property foreclosure and REO (real estate owned) inquiries please click here
NOTICE OF CHANGES IN TEMPORARY FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least USD 250,000 available to depositors under the FDIC’s general deposit insurance rules.

The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts (“IOLTAs”). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information go to http://www.fdic.gov

2/06/2002 Deutsche Bank wins Trustee Awards in Securitization Markets

2003 – Deutsche Bank Corporate Trust Chicago Office Opens

Deusche Bank expands Municipal Trustee Services

Deutsche Bank Coporate Trust wins EURO CP Award

2004 Deutsche Bank opening new Corporate Trust Office San Francisco

Deutsche Bank also has regional corporate trust offices in Charlotte, NC; New York; Chicago; Olive
Branch, MS; and Santa Ana, CA.

NEW YORK, JANUARY 20, 2004 – Deutsche Bank’s Trust & Securities Services today announced
the opening of a regional corporate trust office in San Francisco, California. The new office is the
latest in the continuing regional expansion of traditional corporate trust services launched by
Deutsche Bank in June 2002 in the US.

Raafat Albert Sarkis heading Unit in CA was a Vice President in US Bank’s corporate trust unit. Head of Global Debt Services within Deutsche Bank’s Trust & Securities Services. “Raafat’s wealth of industry knowledge, his client relationships and his proven track record will help ensure that our clients in the Western states benefit from localized expertise and a commitment to exceptional customer service.

Deutsche Bank ranks among the global leaders in corporate banking and securities, transaction
banking, asset management, and private wealth management, and has a significant private &
business banking franchise in Germany and other selected countries in Continental Europe.

Deutsche Bank’s Trust & Securities Services is one of the leading global providers of trust and
securities administration services.

Through a fully integrated network of specialist offices worldwide, the group provides domestic custody in 23 securities markets as well as trustee, agency, registrar, depositary, SPV management and related services for a wide range of financings. Products serviced include bonds, auction rate securities, medium term note and commercial paper programs, asset backed and mortgage backed securities, CDOs, SIVs, project financings, escrows, syndicated loans, American Depositary Receipts and German equities.
——————–
FDIC Chairman Shelia Blair sure looked uncomfortable in her ‘skin’ on 60 Minutes. What do you think?

Regarding Deutsche Bank… The first chart depicts the mortgage transaction as many (most?) of us still understand it:

Here’s Chairman Bair’s second chart, “Borrowing Under a Securitization Structure”, depicting the typical mortgage transaction in 2007 (click to enlarge):

The County Auditor’s database says the owner of this house is Deutsche Bank National Trust Company. It says Deutsche Bank NTC paid $50,000 for the house in a sheriff’s sale in March 2007. The sheriff’s sale was the outcome of Case CV-05-554639, an action for foreclosure against the previous owners, filed in Common Pleas Court in February 2005 by Deutsche Bank NTC “as Trustee”.

But Deutsche Bank never held a mortgage on 4111 Archwood. And Deutsche Bank doesn’t really own 4111 Archwood now.

We’ll get back to Case CV-05-554639 and that magic word “Trustee” in a minute. But first, a short tour of the New Mortgage Industry, courtesy of the Chairman of the Federal Deposit Insurance Corporation, Sheila Bair.

Chairman Bair testified before the U.S. House Committee on Financial Services last April. Her entire testimony is well worth reading, but it’s modestly famous for two charts.

The first chart depicts the mortgage transaction as many (most?) of us still understand it

As Chairman Bair explained to the Committee:

Securitization takes the role of the lender and breaks it into separate components. Unlike the more traditional relationship between a borrower and a lender, securitization involves the sale of the loan by the lender to a new owner–the issuer–who then sells securities to investors. The investors are buying “bonds” that entitle them to a share of the cash paid by the borrowers on their mortgages. Once the lender has sold the mortgage to the issuer, the lender no longer has the power to restructure the loan or make other accommodations for its borrower. That becomes the responsibility of a servicer, who collects the mortgage payments, distributes them to the issuer for payment to investors, and, if the borrower cannot pay, takes action to recover cash for the investors.

And she listed some of the roles in this modern mortgage transaction:

o Issuer – A bankruptcy-remote special purpose entity (SPE) formed to facilitate a securitization and to issue securities to investors.
o Lender – An entity that underwrites and funds loans that are eventually sold to the SPE for inclusion in the securitization. Lenders are compensated by cash for the purchase of the loan and by fees. In some cases, the lender might contract with mortgage brokers. Lenders can be banks or non-banks.
o Mortgage Broker – Acts as a facilitator between a borrower and the lender.The mortgage broker receives fee income upon the loan’s closing.
o Servicer – The entity responsible for collecting loan payments from borrowers and for remitting these payments to the issuer for distribution to the investors. The servicer is typically compensated with fees based on the volume of loans serviced. The servicer is generally obligated to maximize the payments from the borrowers to the issuer, and is responsible for handling delinquent loans and foreclosures.
o Investors – The purchasers of the various securities issued by a securitization. Investors provide funding for the loans and assume varying degrees of credit risk, based on the terms of the securities they purchase…
o Trustee – A third party appointed to represent the investors’ interests in a securitization. The trustee ensures that the securitization operates as set forth in the securitization documents, which may include determinations about the servicer’s compliance with established servicing criteria.
“Bankruptcy-remote”. What a great adjective.

So what does this all have to do with 4111 Archwood? While I explain, you might want to keep that second chart handy.

In August 2003, the couple that had owned 4111 Archwood since 1996 refinanced it for $93,500. Their lender was Argent Mortgage Company, LLC, a division of ACC Holdings of Orange, CA, which also owned Ameriquest Mortgage and AMC Mortgage Services. Argent was the biggest single subprime lender in Cuyahoga County between 2003 and 2005, going from no originations in 2002 to nearly 2,400 in 2003, 4,900 in 2004, and 3,800 in 2005. (Following several years of lawsuits and other problems, ACC recently closed Ameriquest’s doors and sold Argent, AMC and Ameriquest’s servicing contracts to Citigroup. Argent is now doing business as Citi Residential Lending.)

Less than two months after the mortgage on 4111 Archwood was signed, Argent Mortgage Co. LLC transferred it to Argent Securities, Inc., which “deposited” it, along with thousands of other Argent mortgages into something called “Argent Securities, Inc. Asset-Backed Pass-Through Certificates Series 2003-W5″.

Let’s just call it “ASIABPTCS2003W5″ for short.

As you may have guessed, ASIABPTCS2003W5 is one of those “bankruptcy-remote special purpose entities” Chairman Bair mentioned. It was set up by Argent to be the vehicle by which all that mortgage paper, with a face value of $1.5 billion, would be sold to investors. Once that was accomplished, the mortgage on 4111 Archwood became a tiny piece of the paper assets owned by ASIABPTCS2003W5, a corporate entity owned not by Argent but by its investors.

The “Pooling and Service Agreement” that created ASIABPTCS2003W5 named Argent’s sister company, Ameriquest Mortgage, as “Master Servicer” for all those mortgages.

And it named Deutsche Bank National Trust Company as the “Trustee” of ASIABPTCS2003W5 — the party paid to represent the interests of the investors and oversee the Master Servicer’s performance.

This all happened at the beginning of October, 2003.

Sixteen months later, in February 2005, the borrower was in default and Deutsche Bank — as the Trustee for ASIABPTCS2003W5 — filed an action for foreclosure in Common Pleas Court.

But — funny thing — nobody had bothered to tell the County Recorder, who’s legally in charge of keeping track of these things, that Argent Mortgage had sold the mortgage to ASIABPTCS2003W5. Ten months into the foreclosure proceeding, the magistrate somehow figured out that Argent was still the mortgagee of record and that Deutsche Bank lacked standing to foreclose on the property. (As the case summary, entry for 12/21/05, puts it: “PLAINTIFF’S MOTION TO VACATE CASE AND PLACE ON THE ACTIVE LIST IS DENIED. THE PARTY PURPORTEDLY GRANTED RELIEF FROM STAY IS NOT THE PLAINTIFF IN THIS ACTION.”)

The lawyer for Deutsche Bank quickly filed a motion to make Argent the “substitute plaintiff” in the case. The magistrate agreed to this, putting the foreclosure back on track. Then Argent’s lawyer got it together to file the correct document — it’s called a “Release Assignment” — with the Recorder’s Office in February, confirming the sale of the mortgage on 4111 Archwood to, ahem…

“DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE OF ARGENT SECURITIES INC., ASSET BACKED PASS THROUGH CERTIFICATES SERIES 2003-W5 UNDER THE POOLING AND SERVICING AGREEMENT DATED AS OF OCTOBER 1, 2003″

Finally, seven months later — after the foreclosure was granted to substitute plaintiff Argent, which had sold off its interest in the mortgage three years earlier — the magistrate granted a second plaintiff substitution, swapping Argent out and “Deutsche Bank National Trust Company as Trustee of ASIABPTCS2003W5″ back in.

So it was “Deutsche Bank National Trust Company as Trustee of ASIABPTCS2003W5″ listed as plaintiff on the sheriff’s sale notice, and as the grantee (buyer) on the sheriff’s deed. And now it’s “Deutsche Bank National Trust Company” listed as the owner on County records — with a tax mailing address at 505 City Parkway Suite # 100, Orange, CA, which just happens to be the last-listed address of Ameriquest Mortgage. (Remember them? Master Servicer for ASIABPTCS2003W5. Now defunct. Mortgage servicing contracts bought by Citigroup.)

But of course Deutsche Bank NTC doesn’t actually own 4111 Archwood, any more than it actually ever owned the mortgage.

ASIABPTCS2003W5 — that “bankruptcy-remote special purpose entity”, a paper creation owned by nobody in particular — owns 4111 Archwood.

Deutsche Bank, as Trustee, just represents ASIABPTCS2003W5 for certain purposes. Ameriquest Mortgage was supposed to take care of ASIABPTCS2003W5′s properties, but Ameriquest is out of business; this job may have passed to Citi Residential.

So who’s actually responsible for 4111 Archwood? Good question.

That’s just one house. Deutsche Bank currently “owns” over 900 houses in Cuyahoga County through foreclosures in which it acted as Trustee for some “special purpose entity”, commonly an entity created by Argent. Argent alone organized at least thirty-one of these billion-dollar mortgage-backed investment pools from 2003 through 2006.

So maybe you can see why Judges Boyko, O’Malley, Rose, et al are making a big deal about checking Deutsche Bank’s paperwork.

This entry was posted on Wednesday, November 21st, 2007 at 2:46 pm and is filed under Deutsche Bank. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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12 Responses

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  2. I’m no longer certain where you’re getting your information, however great topic.
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  3. The city courts do not look at the actual mortgage fraud going on, the nimrods only notice their problem when their city population shrinks because of abandoned homes, the homes need maintance, and no one is paying taxes. Only then does it dawn on them that there is a problem, and they helped create it! Duh

  4. Contact OFIR the office of the finance and insurance regulation in your state, or the OCC. The comptroller of the currency. To get free help with your national and international banks.

  5. Deutsche Bank commited bank fraud by double dipping from our bank account, on christmas eve 2006. We faught untill we exausted our retirement savings with lawers and courts. May of 2009 trott and trott attorneys and the city of sterling heights attemped to evict us from our home of 22yrs. Removed items from the home and spilled my mothers ashes in my front yard while my chapter 13 paperwork was posted on my front door crooks with aquired amunity!!!!!

  6. I never seen where all the information is hidden from everybody , even a benificary or with a blind trust or protector trust or anti trust . Man , if u don’t no what u got , and u have a dirty person with those assets , I belive u a never no . Trustee has too much power . And that is what they want too much power . Trustee can rob u blind and it will be legal .u would think if a trustee didn’t give a owner a copy of terms and condition , and the court found out about the small flag, that they would court order them t service the notice . In some cases the trusteee powers keep going . The world need a change fast .

  7. Jane e washington is a vp trust ? Why don’t she contract the benificary owner and ckeck on him or she ? Or them ? Who do a trust do foward with out ckecking into with a owner of the trust . U see their where the laws are mess up . The laws got it where these people can do all of this . Iirovocable trust to me is fraud . Because anybody who is dirty will use that fact to the up most . By here ithe the ? Why would they use a iirovocable trust for fraud ? How can a person or multip person be a benificary owner of something and the trustee get paid and leave the owner out on the street for dead ! Who the answer to this ? Iirovocable trust don’t show their contract don’t give the owner a copy of it , and the owner don’t no their name address or phone number , the only thing u have is 911 . And they just let them run off with ya property , the laws need to change on this stuff fast . If not this a start happen more cause people gone say I can do anything with this trust and the law says I can do it too . Some trust go to 12 and 14 years iirovocable . They need to set that at 11 years at most and stop all of the trust with full power .wellsfargo bank and trust company is fraud too me .and they have a legal titlle to the trust by irrovocable trust -Sucks . ! ! Mr all of that stuff sucks .

  8. Inside United States what’s Deutsche Bank got to do … got to do with it? Terminator!
    As Intermediary Funder ‘DB Structured Products, Inc.’ and a registered member of MERS – DB STRUCTURED PRODUCTS, Inc. has everything to do with it! In fact, they are the actual unrelated third party in agreements with coconspirators who harmed economy, third element of our national security, and our great nation. Want to know how the ‘Trust Fund’ CAP Swap Agreement and relates with respect to any Loan to be purchased pursuant to a Purchase Obligation, any Loan to be purchased pursuant to Section 3.31, or any Loan to be purchased or repurchased relating to an REO Property, and as confirmed by an Officers’ Certificate from the Master Servicer to the Trustee and the Securities Administrator
    ‘Deutsche Bank Americas Holding Corp’ Active as of 5/16/2011. No stock information for ‘profits’ are invested and held by holding company protecting owners. OWNERS holdings c/o Seth H Waugh, 60 Wall St, New York, NY 10005 a New York State business entity, Status is Active, County New York, Jurisdiction Delaware. Established 7/28/1993 as ‘Deutsche Bank North America Holding Corp’ renamed 7/26/1998
    DB Structured Products Inc. registered in California doing business inter-states under UCC Codes, as coconspirators during Origination the ‘intermediary’ ‘funder’ acting as a non-related third party, who on 6/8/2006 funded a monetary transaction ordered by Wells Fargo Home Mortgage a div of Wells Fargo Bank NA as SERVICER related to DB and Lehman and Wells Fargo and Norwest Corp and Goldman Sachs and UBS and BOA.
    On 6/5/2006 as Originator, and on 6/7/2006 as Servicer, Wells Fargo Home Mortgage a div of Wells Fargo Bank NA c/o Wells Fargo Funding LLC and DB Structured Products Inc. all transactions currency carried c/o Wells Fargo Bank NA.
    Actual “Cashier’s Check Statement” reveals ‘WFHM’ ordered funding on 6/5/2006 closings taking place between originator’s agents, brokers, dealers, distributors and non-related third parties. Consumer unaware their ‘mortgage loan’ was committed and sold already in secret creating a predatory consumer mortgage that harmed the Cochrane family and the great State of New Jersey, and the economy, third element of our national security.
    As a matter of fact, follow this model and you can figure out how the economy was harmed. The ‘mortgage loan’ approved by the underwriters was executed prior to consumer even reviewing the transactions (HUD, TILA, mortgage loan, promissory notes) and almost a week prior to the consumer’s rescind period resulting in a defect at time of sale recognized to be a defect in the financial product sold that harmed consumer and was reported to Congressman Rodney Frelinghuysen, Office of Comptroller of Currency, US Attorney General Paul Fishman, State Attorney General A. Milgram, Financial Crimes Unit, DOBI, NJ DOBI, Congressman Scott Garrett, Senator Dodd, Governor Chris Christie, former Governor Corzine, Federal Trade Commission, HUD, Qualified Written RESPA Request disclosing alleged origination and servicing acts which harmed economy, directly to Wells Fargo & Co, c/o John Stumpf, Wells Fargo Bank NA, 420 Montgomery St, San Francisco, CA 94163 – 415-396-5581, Fax 415-396-2987. Appears Executive Specialist Bonnie Schooler’s disclosure to Mary Cochrane directly on phone that Mary was never to call Bonnie ever again and Bonnie exclaimed ‘DO YOU KNOW HOW MUCH TROUBLE YOU HAVE CAUSED? Yep and I know how much more I’m causing by revealing the actual facts of harm and injury and Bonnie Schooler’s compliance and collusion and collaboration in hiding the origination frauds reported to the OCC who appear to be in cahoots with Wells Fargo Home Mortgage ‘their client’ and refuse to record consumer complaints from me period!
    Since Congressman Rodney Frelinghuysen ignores me, and Congressman Scott Garrett ignores me and it appears that every government agency does not want the facts in the public domain, as a Patriot, I reveal how the economy has been harmed and have documented in writing since December 2008 and verbally reported to Wells Fargo Home Mortgage since May 2008.
    The funding from Deutsche Bank Trust America’s closed with who? Checking Account DBT Co LTD in NJ c/o Structured Asset Securities Corp.
    The intent of the transactions recorded by DB STRUCTURED Products Inc., Deutsche Bank Securities, Deutsche Bank Insurance Company provides valuable information to all investigating not including the ‘intermediary’ funder as ‘Plaintiff’ or ‘Defendant’
    MERS as an electronic registry was intended to track the financial transactions other than ‘Retail’ and the shareowners and shareholders are coconspirators.
    The transactions are for the beneficiary of the RETAIL transactions whose name is placed on the actual ‘mortgage’ and the agencies and agents did not record the securitized documents in accordance with statutes of your state so find out who they were not properly recorded.
    The literal ‘mortgage’ and ‘promissory note’ Wells Fargo, JPM, BOA, LBHI, DB, UBS NATIONSBANK, FOOTHILL, Norwest Asset Securities Corp and Structured Asset Securities Corp handled.
    Detusche Bank Trust Americas will be related to: DB Structured Products, Inc. a New York State Business Entity.
    See Lines of Business: https://www.mersonline.org/mers/mbrsearch/mbrsearch.htm
    On the New York State Business Entity Search type: DB Structured and view record: http://www.dos.state.ny.us/corps/bus_entity_search.html
    Securitization: Margolies Exits Deutsche Bank, November 16th, 2010
    Joy Margolies, former managing director in the residential mortgage finance unit at Deutsche Bank, has left after nearly … is this the CEO of DB Structured Products Inc listed on New York State Business Entity records which are still active.
    The CEO, Joy Margolies, 60 M Wall Street, NY 10005; Principal Exec Office: Sonja K. Olsen, Deutsche Bank, c/o 60 Wall St N4006, N NY, Registered Agent: CT Corp 111 Eight Ave NY NY 10011. 1/11/2002 today 5/16/2011 DB Structured Products, Inc. renamed 1/10/2002 – 1/7/1994 – 12002 Deutsche Bank Sharps Pixley Inc. Renamed 1/6/1994 – 4/30/1970 established as Sharps Pixley Inc. is how you read the business certificate.
    Deutsche Alt-A Securities Mortgage Loan Trust/Series 2006-AR4 (8K0 10/13/06) for example, Joy is Signatory and Mckee Nelson Filing Agent as related to Lehman Brothers. DB Structured Products, Inc. (SPONSOR).
    Registrant and Depositor: Deutsche Alt-A Securities, Inc. Date of Earliest Event 10/13/2006. File Commission Number 333-131600-06. IRS# 35-2184183, 60 Wall Street, New York, NY 10005. Registrant entered into a PSA on 9/1/2006 as Depositor with HSBC Bank USA, National Association as TRUSTEE and Wells Fargo Bank NA as Master Servicer who is also the Securities Administrator providing issuance of the issuance of Deutsche Alt-A Securities Mortgage Loan Trust 2006-AR4, Mortgage Pass Through Certificates, Series 2006-AR4. The PSA Exhibit 4.1 http://www.secinfo.com/d13f21.v1B5.d.htm
    9/1/2006 Depositor ‘at closing date’ is owner of the loans and owner of other property being conveyed by it to Trustee for inclusion in Trust Fund.
    New York State Business Entity: Deutsche Alt-A Securities, Inc. 6/3/2003 Jurisdiction DE, Inactive: Dissolution by Proclamation /Annulment of Authority 10/27/2010. Joy Margolies, 60 Wall St, New York, NY 10005. Principal Executive Office: Deutsche Alt-A Securities Inc. 60 Wall St, NYC 60-4006, NY NY 10005.
    Trust Fund segregated pool of assets comprised of loans and subsequent loans and certain other assets. On Closing Date, Depositor will acquire Certificates from TRUST FUND as consideration for its transfer to TRUST FUND of the Loans and certain other assets and WILL BE THE OWNER OF THE CERTIFICATES. The delivery by the Depositor, Deutsche Alt-A Securities, Inc.
    Cap Agreement (SWAP) March 2011 will be related to Mr. Soliman’s clues regarding IAS 39, leasing and more. Here is great link ‘Implementation Guidance’ IAS39 July 2001
    ‘Derecognize’ If transferor has retained control, the financial asset is not derecognized. Since Deutsche Alta Securities Inc is in agreement, and are in control to begin on March 2011…. One can assume IAS 39.37 applies.
    Why did Deutsche Bank Mortgage Capital, LLC, 40 Wall St, NY established 11/19/1996 surrender Authority 7/28/2009? 60 Wall Street, NYC 60-4006, New York, NY 10005. Registered Agent Revoked?
    And Deutsche Bank Capital Corporation inactive as of 9/30/1993 DOS Process Agent c/o American UBS Corporation, 40 Wall Street, New York, NY 10005. 1,000,000 shares established 5/20/1940 – Union American Corp. 4/22/1970 renamed Amrican UBS Corp; 12/29/1971 renamed UBS-DB Corp, renamed 3/31/1978 Atlantic Capital Corp, renamed 12/31/1984-Deutscfhe Bank Capital Corp until 9/30/1993 merged out of existence in New York.
    Actual Name 11/19/1996 – Transatlantic Capital Company, LLC through 11/4/19989 when renamed to Deutsche Bank Mortgage Capital LLC renamed 11/19/2005 to Deutsche Bank Mortgage Capital LLC.
    (1/17/1989-5/2/1990) Delaware Corp established and merged out of existence to handle mergers? Deutsche Bank Capital Management (USA) Corp.
    As reasonable people, I am able to understand employment descriptions which prove useful. For example, look at the duties of a Joy Margolies whose LinkedIn public profile on 5/16/2011 reveals employment duties thru 1992. Is Joy E and this Joy the same person as listed from multi sources?
    I’ve copied at the bottom for the information provides an excellent resource of what ‘DB Structured Products Inc.’ a special-purpose vehicle (SPV) managed and how relates to the MERS entity as an intermediary funder of my mortgage loan on 6/5/2006 as ordered by Wells Fargo Home Mortgage employees.
    The Principal Executive Office refers to a Sonja K Olsen whose business profile comes up in Wiki working for: Deutsche Bank Insurance Agency Incorporated, located at 60 Wall St New York, NY 10005.
    “The officers include Sonja, Sonja K Olsen, Terry W Nall. Deutsche Bank Insurance Agency Incorporated was incorporated on Monday, January 15, 1996 in the State of FL and is currently active. Registered Agent c/o CT Corp Sys, 111 Eighth Ave, NY NY 10011”
    A New York State Business Entity, Jursidiction MD County in NY Dutchess, Active 5/1y6/2011, formerly known as ‘Alex. Brown Insurance Agency Inc. 2/5/1987 established name changed 11/3/2004. Chairman CEO ‘Terry W Nall’ c/o 3414 Peachtree Rd NE, Atlanta GA 30326.
    Principal Executive Office: Deutsche Bank Insurance Agency Inc., One South St, Baltimore MD 21202.

    Disclosure: In no way does this discussion intend harm to employees of the coconspirators. Rather, we need to understand that good people employeed by the coconspirators were harmed also. How many brokers, dealers, distributors, agents of the SERVICER and ORIGINATORS are personally harmed forced into foreclosures and bankruptcies. The coconspirators did not discriminate whose properties would be taken.
    Back to basic discussion how Deutsche Bank as a coconspirator harms us as ‘intermediary funder’ during Origination through the ‘Master Servicer’ Wells Fargo Bank NA as ‘Seller’ of Discounted Mortgage Loans (orchestrates over 90 days) and in one transaction sells to Master Servicer ‘Aurora Loan Servicing’ as Purchaser of mortgage loans through Structured Asset Securities Corp. organized as a pass-through agency (joint venture) SPV’s leasing agreements….
    What is a conspiracy:
    ‘Con’priacy’ ‘Hand in Glove’ Cahoots “in League or in Partnership share equally ‘joint venture’ origin of ‘in cahoots’ kajuit (Dutch) and kajut (German) ….. a joint conspirator… in agreements band ‘themselves’ together to perform ‘alleged’ illegal, wrongful, or subversive acts (both spoken and unspoken).
    Many employees are doing their jobs in good faith. Many are complicit and a JURY will have to decide based upon intent of substantive omissions of material facts. Do the ‘Executive Specialists’ of Wells Fargo Home Mortgage ‘Institutional’ who orchestrate the reconstitution for their client ‘Lehman Brothers’ and ‘Deutsche Securities’ act in collusion and collaboration to hide the deceptive acts during origination?
    Do these individual employees act on behalf of their employer, co-presidents of Wells Fargo Home Mortgage divisions of ‘Wells Fargo Bank NA’ of parent Wells Fargo & Co. beneficiary of the transactions of MASTER SERVICER Structured Asset Securities Corp and Norwest Asset Securities Corp c/o Wells Fargo Bank NA SERVICER.
    Really important to comprehend and understand that many of the employees were brokers, dealers, agents, distributors of the coconspirators who benefitted and acted with intent to hide the documents that would reveal facts of harm and injury to consumer and those people can be named in the lawsuits to be brought against those who have harmed the economy and your families.
    Many employees of the SERVICER’s call centers today are cooperating with consumers and providing data facts and helping to reveal harms to consumers. Wonder how many are really undercover? After all how are we going to penetrate cut the head of the snake and end this nightmare?
    The Master Servicers’ reconstitution documents apply during ‘commercial clients’ foreclosures and bankruptcies proceeded by the very documents governance of the originations for the ORIGINATOR’s RETAIL transactions. Nowhere do consumers have copies of Agreement’s between the ‘Agent’, ‘Broker’, ‘Dealer’, ‘Distributors’ of the retail and wholesale transactions related to the ‘Servicer’ who is attempting to taking possession of property in a larcenous manner.
    Upon foreclosure, the agreements invoked by the members of the reconstitution, do implement, with intent, the takings of property in larcenous manner and with intent created during the 90 day origination period the takings by deception. One could wonder why no one was doing anything about these acts if they had not been in writing. And they are in writing filed in the public domain.
    , and making possible third party to take possession of consumer’s real and personal property in larcenous manner.
    Reconstitution clearly intent contains the instructions created during the 90 days the ‘mortgage loans’ origination not in the pooling and servicing agreement. A 90 day pre-period loans originated were committed. Literally, the public instructions filed in the ‘pooling and servicing agreements’ and unassociated documents, miscellaneous exhibits and reconstituted servicing agreements for TRUST FUNDS filed on the SEC for use of the employees of the coconspirators.
    The instructions define roles and responsibilities and in the event of foreclosures or bankruptcies. Written ‘intent’ of the coconspirators on the RETAIL SIDE of ‘mortgage loan’ transaction and are engaged in literal takings of real and personal property that do not belong to the coconspirators.
    The coconspirators’ servicers are complicity for they don’t’ have a legal right to the takings and don’t have first-hand knowledge of the document and have falsified the documents filed with the County Clerks/Recorder, and COURTs! The FORECLOSUEGATE attorneys’ agreements are representing non-related third parties and the manufacturers who designed the financial products and financial services to be placed into the public domain and sold to consumers with intent of not following the laws of the United States of America intended to stand before the court and lie, cheat and steal.
    The RETAIL TRANSACTIONS of the coconspirator’s and their Master Servicers (Structured Asset Securities Corp) and (Norwest Asset Securities Corp) promises to each other in writing all transactions (movement of currency) in sale of discounted loans and purchase of discounted loans are WITHOUT RECOURSE. Check cashed and cancelled cannot be returned to sender. So as not to interfere in each other’s business and to hide documents that otherwise clearly would reveal the true owners of the unlawful acts, the private brand label ‘Wells Fargo’ or a ‘national banking association’ are affixed to all of the related transactions on the SERVICING SIDE.
    Complicity by the Secretary Counsel of the conglomerates did create the agreements and with understanding did sign agreements the CEO’s and CFO’s for all documents are reviewed and all are in agreements as beneficiary and whether directly or indirectly the beneficiary and leases between each other’s senior executive management and their employees, agents, dealers, brokers, distributors did employ workers” for pieces of gold and silver and promises of stocks and bonus, stipends and rewards from the lowliest of low REO BROKERS who many coconspirators have their own divisions such as Wells Fargo’s ‘Home Mortgage’ division ‘Premier Asset Services’ (PAS) by invitation only of a Wells Fargo Home Mortgage employee will train their own REO BROKERS who pay fees to be ‘the one’ to get the property and purchase the bad debt and in collusion and are complicit hide the broken chain of title securing services of complicity title and settlement agencies to consummate the deals and movement of ownership and resale’s of bank owned properties. All paid pieces of silver and gold and promises of stock rewards, bonus, stipends, and commissions do and did exchange services and their silence did cooperate to get paid and harm the economy of the United States of America. Now we are only speaking of the RETAIL TRANSACTIONS of the coconspirators DB, WFC, JPM, LBHI, UBS, BOA …
    Master Servicer as Facilitator (makes easier) acts of the coconspirators’ roles defined literally by agreements do perform together ‘alleged’ illegal, wrongful, or subversive acts of the Underwriters. The Master Servicer is not the ‘mastermind’ but a pass through agency created by the coconspirators ‘Structured Asset Securities Corp’ and ‘Norwest Asset Securities Corp’ for example the ‘Registrant’.
    Important Notice: The ‘Issuing Entity’ on the SEC are related to the ‘ISSUER’ as ‘Owner’ filed by the Filer or Reporting Owner and is not related to the retail transactions of the ‘mortgage loan’ as not the ‘loan trust.’
    In the beginning, Coconspirators (Parents) operating as Financial Holding Companies (Domestic (USA) or International) are dependent upon their own Underwriters. Underwriter: a person or firm engaged in the insurance business, who assesses the risk of enrolling an applicant for coverage or a policy, and who guarantees the purchase of a full issue of stocks or bonds and the person and enterprise that underwrites the insurance policies and the employees and agents of the insurance company who assesses the risks and determines the premiums payable to themselves; e.g. payment of commission of empty pooling and servicing agreement estimated value and ‘Master Servicer’ paid fee for they are the ‘handler.’
    Coconspirator (a member and one that engages in a conspiracy); co-conspirator (a group of conspirators banded together to achieve some harmful or illegal purpose);
    underwriter, master servicer, ….Question: Can the ‘Issuing Entity’ be a fictitious name? The name of a file folder and scam is the Master Servicer – Structured Asset Securities Corp (SASCO) and Norwest Asset Securities Corp (NASCOR).???
    See what became the PSA’s the Reconstituted Servicing Agreements of the Master Servicers Structured Asset Securities Corp (SASCOR) and Norwest Asset Securities Corp (NASCOR).
    For its only through an agreement or reconstitution ….
    Reconstituted Servicing Agreement as related to topic ‘ Deutsche Bank/DE adding Lynn S’s son’s name to Lis Pendens and specifically what does the Issuing Entity, Loan Trust got to do with Deutsche Bank and CONSPIRACY (two or more entities …in agreement…..)
    See, read, and digest the actual meanings of the words using the Free Financial Legal Dictionary:
    17 C.F.R. § 229.1107 (Item 1107) Issuing entities. Title 17 – Commodity and Securities Exchanges: http://law.justia.com/cfr/title17/17-2.0.1.1.11.12.30.8.html
    See: “(l) If applicable law prohibits the issuing entity from holding the pool assets directly (for example, an “eligible lender” trustee must hold student loans originated under the Federal Family Education Loan Program of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.)), describe the arrangements instituted to hold the pool assets on behalf of the issuing entity. Include disclosure regarding the arrangements taken, as applicable, regarding the items in paragraph (k) of this section with respect to any such additional entity that holds such assets on behalf of the issuing entity.”

    ANYWAY WHAT’S THE ‘ISSUING ENTITY’ GOT TO DO GOT TO DO WITH IT? Since Sarbanes Oxley they ‘bastardized’ the intent of the SEC Regulations that the Issuing Entity would have accountability. NOT when each ‘Issuing Entity’ researched is nothing more than a file folder name. Is there an SEC Regulation which allows use of fictitious names? For indeed each ‘Issuer’ is an entity such as Structured Asset Securities Corp or Norwest Asset Securities Corp whose ‘Owner’ filed documents under the fictitious entity forcing reasonable people to wear ‘horse blinders’ and focus on agreements that have nothing to do with the ‘loan trusts’ and everything to do with the intent of takings of properties and only come alive during a foreclosure and/or bankruptcy. Otherwise, these documents as filed serve no purpose and are the SPV’s and literal vehicle of the con-game.
    ‘Issuing Entity’ file folder that contains documents, agreements, transactions, financial schedules, related to movement of money of entity ‘Structured Asset Securities Corp’ as Registrant over SEC assigned the ‘role’ and ‘responsibility’ as DEPOSITOR for (1) big transaction (representing all of the Originators related special-purpose vehicles (subsidiaries’ affiliates) dealers, brokers, agents, distributors on ‘retail side’ as SERVICERS. Monies moved from Master Servicer on retail side as SERVICER on retail side the parties who collect money for ‘loan numbers‘.
    The ‘Reconstituted Servicing Agreement’ on the Retail side is also known as the Pooling & Servicing Agreement used only in the event of foreclosure, and provides instructions: who, what, when, where, why, how the SERVICER will take property without lawfully recorded Assignment.
    “The Assignment of the lien without a transfer of the debt is a nullity in law”
    “A lien is not assignable unless by express language of the statue”
    “What is the statute in your state where the property is located?
    In California for example, the note and mortgage are inseparable. What about your state? Is the note essential, and the mortgage an incidental?
    For if so read further to see if the Assignment of the note carries the mortgage.
    Therefore, the Assignment of the mortgage alone is a nullity?
    See Carpenter V. Longan, 83 U.S> 271 (1872) US Supreme Court https://sites.google.com/site/mersfatalflawsincalifornia
    Secure from LivingLies their new forensic audit which will reveal the loans are not in default! The SERVICERS are in agreements to pay the monthly payments or forfeit the $1 Billion dollar portfolio they get ½ percent on the principal balance of. How much is ½ percent of a $Billion dollars annually for 30 years? Plus the chunk of change monthly x 360 months for collecting payments.
    SERVICERS forced by agreement want to collect the ‘mortgage loan’ monthly payments and move to themselves in many related entities names a series of transactions through their own treasures and gave themselves the short and long stick to profit during default events to themselves so move assets around, move currency for each time you touch the entity you make money.
    The Plaintiff’s attorney who files the documents and stays in uncontested foreclosures is under agreement and is beneficiary of transactions of SERVICERS.
    Anyone discuss yet why all foreclosures and bankruptcies moved to a trustee who claims to be a national banking association? And who claims to hold a ‘perfected lien’ and are the owner of the asset as the ‘current’ beneficiary of promissory note’ entitled to ‘Deed of Trust’ a superior agreement held in the name of the property owner.
    When the institutions fail the FDIC allows them to repurchase their own bad debt! And FDIC pays $.65 on the dollar! WOW! How? Not complicated all by agreement.
    With Intent the related Servicer (a fictitious name and/or affiliate of itself)appears in court of equity and claims to be the owner abusing the COURTS (spitting upon the Federal Republic) and the robo-law firms are with intent with knowledge and coconspirators – two or more persons in agreements in a conspiracy.
    The ‘trustee’ as a national banking association claims they have a right (and use the Office of the Comptroller of the Currency) to prevent disclosures otherwise Structured Asset Securities Corp and Norwest Asset Securities Corp would be subjected.
    Based upon the ‘Issuing Entity’
    The ‘written definition and role and related responsibilities’ are intent.
    Originator’s subsidiaries, affiliates, third-party agents, dealers, brokers, distrutors of the (Master Servicer as Purchaser of Loans) majority sold back the rights to SERVICE the loans.
    The ‘intent’ of the events that may happen as related to a foreclosure or bankruptcy are covered and outlined in the reconstitution of the bad debt of the Servicer (who again as themselves represented in the beginning at the RETAIL side of the transactions as related to creating a ‘mortgage loan’ claim they are with the right to collect money and takings of property.

    Why the TRUST FUND of 88 individual loan trusts, in the event any of the referenced ‘mortgage loans’ how many loans? Are covered by (1) ‘Reconstituted Servicing Agreement’ recognized to be the Pooling & Servicing Agreement by ‘Loan Forensic Auditors’ and lists SASCO 2006-WF3 ‘Trust Fund’ of 88 Loan Trusts PSA RECONSTITUTED SERVICING AGREEMENT’s instructions.
    Unrelated third parties not included (mentioned) during Origination keep secret from consumers are Deutsche Bank Trust of Americas whose funding deposited to ‘Wells Fargo Bank NA’ as LENDER merely a technicality to record a ‘mortgage loan’ in the name of Wells Fargo Bank NA who will present an Assignment in the event of a default event or resale.
    Why do they leave out the intermediary funder? Part of the RETAIL TRANSACTIONS that the ‘Lenders’ don’t record inside of the MERS database that the FEDERAL RESERVE BOARD OF GOVERNORS’ beneficiaries of all these transactions along with the United States Government claim MERS is the new ‘Vogue’ to record electronic transactions and if you let them will like Cede & Co. c/o SOME foreign owner have control of all the real estate of the USA! Without accountability and responsibility to the laws of the United States of America and intent ? to make DEED OF TRUST an inferior document.
    Why does DB STRUCTURED Products, Inc. left out of the ‘named’ parties? Why does the UNDERWRITER not need to be listed as one of the SERVICER’s of the RETAIL TRANSACTIOSN? Or are they as DB Structured Asset Products MERS MEMBER ID: 1002829 who is a ‘Servicer’, ‘Sub-servicer’, ‘Interim Funder’, ‘Investor’, ‘Document Custodian’ but is not an eRegistry or eDelivery Participant (Lines of Business) Member Org ID: 1002829, DB Structured Products, Inc, 60 Wall Street, NYNY 10005 (212) 250-9340 & fax 212-797-5160 c/o MERS Department.
    Wells Fargo Funding – MERS Org ID: 1010064 – Lines of Business “INVESTOR” “Third Party” c/o Wells Fargo Funding Inc., Sixth & Marquette, Minneapolis MN 55479 who are eRegistry and eDelivery Participants (Correspondent Lenders) under Agreement with Intermediary Funder DB Structured Products, Inc.
    Wells Fargo Foothill LLC c/o Lender Finance Division, 14241 Dallas Parkway Suite 1300, Dallas TX 75254 (Fax) 972-387-4054 – MERS Org ID: 1006610 Lines of Business: ‘Interim Funder’ is not an eRegistry Participant nor eDelivery participant.
    Business Entity Search New York State: Active as of 5/16/2011: Wells Fargo Foothill Inc.
    Foothill Capital Corporation 8/17/1982 – 7/11/2003 renamed to Wells Fargo Foothill Inc. – Principal Executive Office, Peter Schwab c/o Wells Fargo Foot Hill Group, Inc., 24450 Colorado Ave, Suite 3000 W. Santa Monica CA 90404, Jurisdiction CA, Active in New York State under Uniform Commercial Codes as an active foreign business corporation. (Up to no good on 8/4/2009 registered Foothill Securities, Inc. c/o National Registered Agents, Inc. 875 Ave of the Americas, Suite 501, NY NY 10001
    Of interest to research: Foothills Title Agency Inc. 3/21/1988 – County Warren NY established 3/21/1988 shares of stock 200, Dissolution by Proclamation/Annulment 1993).
    For those who are not familiar with who Foothill Group know they are related to UBS, Norwest Corp, BOA, Nations
    .
    ‘Deutsche Bank Trust Americas’ or leaving out the actual bank in NJ ‘DBT Co. Ltd’ who deposited the funding into the Corporate Treasury Securities ‘Wells Fargo Bank NA’ in the name of the Settlement Agent (as an individual) who is an affiliate of the Title & Settlement Agency (can be any name). At that time all of those transactions are RETAIL with SERVICER and have nothing to do with the LENDER, and nothing to do with Deutsche Bank the MERS ‘intermediary funding’ as DB STRUCTURED PRODUCTS for example.

    Deutsche Bank regional corporate trust offices established inside US June 2002 in Charlotte NC, New York, Chicago, Olive Branch Mississippi (funny ‘olive branch’), Santa Anna, San Francisco CA opened 1/20/2004 regional western states headquarters handling Municipal Trustee Services (purchase of municipalities)…
    Deutsche Bank Trust & Securities Services = ‘Global Provider of trust & securities administration services’
    Deutsche Bank/AG global leader corporate banking and securities transactions: banking, asset management, private wealth management, significant private and business banking franchise in Germany and other selected countries in Continental Europe. In over 23 Securities Markets, as well as trustee, agency, registrar, depository, SPV management, relates services for wide range of financings. Products serviced include bonds, auction rate securities, medium term note and commercial paper programs, asset backed and mortgage backed securities, CDOs, SIVs, project financings, escrows, syndicated loans, American Depositary Receipts and German equities

    Definitions Consumers must chant every day to not be confused:
    ‘Issuing Entity’
    ‘Loan Trust’
    ‘Assignment’
    ‘Lis Pendens’
    ‘Current beneficiary of a promissory note by way of Assignment’
    ‘Perfected lien’
    ‘Chain of Title’
    ‘Reconstituted Servicing Agreement’

    Chairman Bair explained to the House Services Committee:

    Securitization takes the role of the lender and breaks it into separate components. Unlike the more traditional relationship between a borrower and a lender, securitization involves the sale of the loan by the lender to a new owner–the issuer–who then sells securities to investors. The investors are buying “bonds” that entitle them to a share of the cash paid by the borrowers on their mortgages. Once the lender has sold the mortgage to the issuer, the lender no longer has the power to restructure the loan or make other accommodations for its borrower. That becomes the responsibility of a servicer, who collects the mortgage payments, distributes them to the issuer for payment to investors, and, if the borrower cannot pay, takes action to recover cash for the investors.

    And she listed some of the roles in this modern mortgage transaction:
    And she listed some of the roles in this modern mortgage transaction:

    o Issuer – A bankruptcy-remote special purpose entity (SPE) formed to facilitate a securitization and to issue securities to investors.
    o Lender – An entity that underwrites and funds loans that are eventually sold to the SPE for inclusion in the securitization. Lenders are compensated by cash for the purchase of the loan and by fees. In some cases, the lender might contract with mortgage brokers. Lenders can be banks or non-banks.
    o Mortgage Broker – Acts as a facilitator between a borrower and the lender. The mortgage broker receives fee income upon the loan’s closing.
    o Servicer – The entity responsible for collecting loan payments from borrowers and for remitting these payments to the issuer for distribution to the investors. The servicer is typically compensated with fees based on the volume of loans serviced. The servicer is generally obligated to maximize the payments from the borrowers to the issuer, and is responsible for handling delinquent loans and foreclosures.
    o Investors – The purchasers of the various securities issued by a securitization. Investors provide funding for the loans and assume varying degrees of credit risk, based on the terms of the securities they purchase…
    o Trustee – A third party appointed to represent the investors’ interests in a securitization. The trustee ensures that the securitization operates as set forth in the securitization documents, which may include determinations about the servicer’s compliance with established servicing criteria.
    “Bankruptcy-remote”. What a great adjective
    Margolies Exits Deutsche Bank, November 16th, 2010
    LINKEDIN PROFILE of Joyce Margolies as of 5/16/2011
    As related to ‘DB STRUCTURED PRODUCTS, Inc.’ and Deutsche Bank Trust Americas c/o DBT Co Ltd. New Jersey intermediary funding (MERS transactions) for retail mortgage loans with ‘Wells Fargo Bank NA’ ordered by WFHM c/o Wells Fargo Asset Securities Corp on Federal Reserve System renamed from Norwest Asset Securities Corp

    Joy Margolies: Structured Finance Professional ‘Investment Banking’ Managing Director – Mortgage Finance at Deutsche Bank, Vice President at ING and Vice President at Credit Suisse First Boston, Vice President at Lehman Brothers, Audit Manager, Financial Services a div Arthur Andersen.
    Managing Director – Mortgage Finance Deutsche Bank
    Public Company; DB; Investment Banking industry
    May 2001 – November 2010 (9 years 7 months)
    – Managed a large staff responsible for contract finance, structured transactions, collateral analysis, due diligence, default management, breach management and investigation/litigation defense.
    – Executed all residential whole loan purchase, sale, servicing, joint ventures, securitizations and all RMBS structured transactions including interaction with counsel, rating agencies, accountants, investors, etc.
    – Led a deal team including senior M&A, accounting policy and legal officers, in executing the purchase of two mortgage companies by Deutsche Bank.
    – Provided default management on large whole loan position to maximize recovery via whole loan sale, liquidation, short sale or modifications.
    – Managed rep and warrant breach work from both buyer and seller perspective
    – Performed an assessment of Western European mortgage platforms which resulted in stabilization of servicing and renegotiation of prohibitive vendor contract resulting in multimillion dollar cost savings. Executed first UK whole loan sale of non performing portfolio.
    – Originated, executed and structured asset-backed commercial paper facilities and repo financing transactions for all mortgage related products including prime and sub-prime mortgages, home equity loans and sub/non-performing mortgage loans and real estate.
    President ING: Public Company; 10,001+ employees; Financial Services industry 1999 – 2001 (2 years)
    – Originated, executed and structured asset-backed commercial paper facilities, securitizations and other financing transactions for a wide variety of esoteric asset types including private label credit cards, franchise fees/royalties, trade receivables and auto loans. Maintained primary contact with customers, rating agencies and attorneys on all transactions.
    Vice President Credit Suisse First Boston Public Company; 10,001+ employees; CS; Investment Banking industry 1994 – 1999 (5 years)
    – Managed all aspects of residential and auto whole loan purchase, sale, and reverse repurchase facilities. Sourced whole loan business directly as well as through fixed income sales force. Worked with sellers, issuers, investors, accountants, rating agencies, servicers, custodians, due diligence firms and attorneys to ensure timely execution. Monitored existing positions through mark-to market and delinquency analysis. Conducted pre-bid review and market value analysis of collateral and trade terms, negotiated legal documents, prepared commitment letters, sales memorandums and settlement letters. Maintained primary contact with reverse repurchase counterparties – analyzing proposed purchases, sales and ongoing mark-to-market of positions.
    Vice President Lehman Brothers Public Company; LEH; Capital Markets industry 1992 – 1994 (2 years)
    – Supervised 8 staff people in preparation and analysis of matched book trading daily p/l. Managed balance sheet requirements for repo desk; coordinated off-balance sheet trades with customers and sales force.
    – Coordinated daily firm balance sheet reduction process consisting of participating in balance sheet allocation decisions, producing position reports, developing desk specific balance sheet management strategies, approving specific transactions and coordinating the asset reduction process across the firm. Developed and implemented numerous system enhancements that improved the firm’s ability to reduce balance sheet levels at minimum cost.
    Audit Manager – Financial Services Division Arthur Andersen Accounting industry 1987 – 1992 (5 years).
    – Planned, coordinated and supervised audits of international corporations, primarily in the financial services industry. Drafted financial statements and footnote disclosures, including SEC filings for registered broker-dealers.
    To view a MERS MEMBER ID profile type any 0-9 and Letter A-Z and find who the intermediary funder was of your transactions. https://www.mersonline.org/mers/mbrsearch/mbrsearch.htm
    Joy E Margolies:
    RMBS Management
    Deutsche Bank Securities Inc.
    Financial Services
    40 Wall St Fl 60
    New York, NY 10005-1333
    United States
    Source: Jigsaw

    Keep your ‘eyes’ peeled to: Long-Term Credit Bank of Japan, LTD symbol ‘LTB’ Successor Shinsei BankiI Tokyo Japan acquired Greenwich Capital Markets a Connecticut-based securities firm, thus giving LTCB a US-Based Securities Business. ‘SBC’ now part of UBS AG began a joint venture with LTCB during this period – NATIONSBANK OF GA (Nations) – Bank of America National Trust & Savings Association (BOA if you please) as Agent and Agency retaining ‘NT&SA’ and designation until renamed to Bank of America NA as part of BankAmerica Corp’s merger with NATIONSBANK in 1998.
    Hmmmmm ‘marriage’ at same time of another related coconspirators whose surviving corporation took on name of valuable ‘trade name’ of commercial bank ‘Wells Fargo & Co’ creating a new corporation and both existing conglomerates survived 11/2/98. The parent moved into Norwest Corp’s headquarters 420 Montgomery St, San Francisco CA and replaced the storefront signs with ‘Wells Fargo’.
    The Foothills group and its subsidiary Foothills Capital Group 1992/1993 acquisitions of INDYMAC/COUNTRYWIDE FUNDING of great interest.
    And Foothill Group and subsidiary Foothill Capital Group of great interest include UBS Asset Management as investment advisor ‘UBS’ whose agreements claim sole voting & dispositive power & full beneficial ownership with respect to…. Recovery Equity Investors LP, whose GP is Recovery Equity Partners LP and Pacific Crest Capital Corp, a newly formed parent of Foothill Thrift and Loan 12/23/93 (during acquistions represented NY 6% stock ownership 12/31/1993 and stock ownership is where UBS puts its profits to protect them in preferred senior ownership transactions).
    13 Registrants include: Wells Fargo & Co/MN fka Norwest Corp) and US Home Corp/DE Symbols ‘US’ ‘UHG’ ‘USHm’ ‘USHe’ Texas.
    Who is Peter Schwab and his replacement. Peter retired end of 2010 after 39 years industry veteran. H. Jordan will stand alone responsible for the very pipelines Wells Fargo’s Foothill and subsidiary Foothill Capital Corp. asset-based lending group? And Wells Fargo Capital Finance the trade name for some asset-based lending, accounts receivable and purchase order finance services of Wells Fargo.

    BOA bank & agent & Foothills Capital Inc & Foothill Capital desire to amend agreement to reflect LTB, NATIONS, NORWEST become New Banks.
    & UBS a national investment banking firm (5/95)

    950131-95-124 1/30/95: Wells Fargo & Co/MN

    a) “Babbscha Merger” Babbscha, Fridley State Bank, Merger of a wholly owned subsidiary of Norwest &

    b) “Banrein Merger” Banrein, Inc, Merger of a wholly owned subsidiary of Norwest &

    c) ‘Bank Mergers” subsequent mergers with & into a wholly owned banking subsidiary of Norwest
    Norwest Interim Bank Fridley, N.A. (“Norwest Bank”), a wholly owned subsidiary of Norwest Corp (“Norwest”)

    Stanley S. Stroup & Interest in 3 Registrants:
    & Wells Fargo & Co/MN [formerly Norwest Corp]
    & First Security Corp/UT
    Teradyne Inc

    Stanley S. Stroup & 9 Registrants:

    & WFC HOLDINGS CORP [fka Wells Fargo & Co]
    & WF Deferred Comp Holdings Inc.
    & Wells Fargo Financial Inc. [fka Norwest Financial Inc]
    & Wells Fargo Capital VIII VII VI IX
    & Wells Fargo & Co/MN [fka Norwest Corp]
    & Goldenbanks of CO fka First Golden Bancorporation (7/3/92)
    ________________________________________

    Norwest LTD LP LLLP 1995/1996 private members collaborate in ventures with Norwest Corp and Wells Fargo Co. and Lehman Brothers, Bear Stearns, Structured Asset Securities Corp, HSBC Global plc, GMAC-RFC, Chase Manhattan Mortgage Corp to marry -…

    ATTACHMENT A (Norwest Bank Minnesota National Assoc)

    12/7/00 Laurel A. Holschuh SVP & Secretary
    Schedule 13G Attachment Appended
    Wells Fargo & Co (Fin Holding Co-Domestic)
    filed on behalf of the following subsidiaries:

    Norwest Limited LP, LLLP (1)
    Wells Fargo Bank, National Assoc (2)
    Wells Fargo Bank Minnesota, National Assoc (2)
    Wells Fargo Bank Nebraska, National Assoc (2)
    Wells Fargo Bank Texas, National Assoc (2)

    (1) Norwest Limited LP, LLLP is a Delaware limited liability limited partnership that is not one of the entities listed in Rule 13d-
    1(b)(1()(ii) and is included in this filing pursuant to Rule 13d-
    1(c).

    (2) Classified as a bank in accordance with Regulation 13d-
    1(b)(1)(ii)(B).

    Independent wholly-owned subsidiary
    Norwest LTD LP LLLP
    360 Ids Center, 80 S. Eight St. Minneapolis MN 55402 responsible in 1996 creating deal with non-Frederick Brokers incorporating US PH Home Mortgage Corp (PHH) (Cendant) (GMAC)….. into the pipeline as affilaites of Norwest who became affilaites of Wells Fargo & Co/MN formerly Norwest. All existing registration and former agreements survived 11/2/98 mergers.

    CUSIP No. 30226D 10 6
    Norwest Limited LP, LLLP IRS Tax ID 41-1970247
    Sixth and Marquette
    Minneapolis, MN 55479
    Citizenship DE, Place of Org: Minnesota

    Schedule 13G 12/7/2000 .

    Wells Fargo & Co. CUSIP NO 30226D 10 6
    IRS Tax ID 41-0449260
    420 Montgomery Street
    San Francisco, CA 94104
    Citizenship DE, Place of Organization: Minnesota
    Reporting Person Filing: ‘HC’ Parent Holding Company in accordance with 240.13d-1(b)(1)(ii)(G)

    Percent of class 6%

    Note: SEC (Wells Fargo & Co/MN formerly Norwest Corp) merger & survivors 11/2/98

    CUSIP No. 30226D 10 6
    Norwest Limited LP, LLLP IRS Tax ID 41-1970247
    Sixth and Marquette
    Minneapolis, MN 55479
    Citizenship DE, Place of Org: Minnesota
    5.8% of Class
    Type of Person Filing ‘PN”

    Name of Issuer: Extreme Networks, Inc.
    3585 Monroe St., Santa Clara, CA 9505

    By Wells Fargo & Co. /s/ Laurel A. Holschuh SVP & Secretary

    By Norwest Limited LP, LLLP
    Tiberius Ventures, L.L.C., as General Partner
    /s/ James E. Hanson EVP

    AGREEMENT

    The Undersigned hereby agree that the statement on Schedule 13G to
    which this Agreement is attached shall be filed by Wells Fargo &
    Company on its own behalf and on behalf of Norwest Limited LP, LLLP.

    Dated: December 7, 2000

    Dated: December 10, 2009
    /s/ Jane E. Washington VP Trust Operations
    Exhibit A

    Parent Holding Company Control Person – Wells Fargo & Co. as stated above and Norwest Limited LP LLLP “DE Citizenship, By Tiberius Ventures, LLC DE LLC Its General Partner, Norwest limited is a limited partner in three separate partnerships common stock reported in Schedule 13G were acquired on 11/30/2009 and 12/4/2009 by Norwest Limited in connection with partnership distributions by such partnerships on such dates. Intentional misstatements or omissions of fact constitute Federal criminal violations
    (See 18 U.S.C. 1001)

    Name of Issuer: Rackspace Hosting, Inc. 5000 Walzem Rd
    San Antonio TX 78218
    14.61% of Class Owned
    Common Stock CUSIP Number 750086101 11/30/2009
    Group in accordance with 240.13d-1(b)(1)(ii)(J).

    Wells Fargo & Co. Citizenship DE
    420 Montgomery St,
    San Francisco, CA 94104
    14.61% of Class Owned
    Parent Holding Co & Control Person (Wells Fargo & Co/MN formerly Norwest Corp)
    in accordance with 240.13d-1(b)(1)(ii)(G);

    Norwest Limited LP LLLP 13.81% of Class Owned
    Type of Reporting Person OO
    360 Ids Center, 80 S. Eight St. Minneapolis MN 55402

    Formerly Norwest Corp 7/3/92 & Northwest Bancorporation 5/16/83
    dba Wells Fargo & Co.
    612-667-1234 Incorp DE
    IRS 41-0449260
    SEC CID 72971

    SIC 6021 National Commercial Bank Source SEC 3/10/11 &
    SIC 6712 Offices of Bank Holding Co Filing 11/21/08

    Extreme Networks statement of beneficial ownership: NORWEST LIMITED LP, LLLP BY Tiberius Ventures LLC as GP –Wells Fargo & Co., Laurel A. Holschuh SVP & Secretary – http://apps.shareholder.com/sec/viewerContent.aspx?companyid=EXTR&docid=525567
    There is an active ‘Foothills Title Services, Inc. in TN formed 7/2/1997 by Attorney – Troy D Brown the Registered Agent, 121 STA Dr, Maryville TN 37804

    Deutsche Alt-A Securities Mortgage Loan Trust/Series 2006-AR4 • 8-K • For 10/13/06 • EX-99.8 as Purchaser
    Executed Recognition Agreement: the original Mortgage Note (including all riders thereto) bearing all intervening endorsements necessary to show a complete chain of endorsements from the original payee, endorsed in blank, via original signature, and, if previously endorsed, signed in the name of the last endorsee by a duly qualified officer of the last endorsee. If the Mortgage Loan was acquired by the last endorsee in a merger, the endorsement must be by “[name of last endorsee], successor by merger to [name of predecessor]”. If the Mortgage Loan was acquired or originated by the last endorsee while doing business under another name, the endorsement must be by “[name of last endorsee], formerly known as [previous name]”;

    Related to Proprietary Lease and Assignment of Proprietary Lease to Originator of ‘Cooperative Loans’ UCC Financing showing an unbroken chain of title from the originator to the Trust, each with evidence of recording thereof, evidencing the interest of the assignee under the Security Agreement and the Assignment of Proprietary Lease; 8. an executed assignment of the interest of the originator in the Security Agreement, the Assignment of Proprietary Lease and the Recognition Agreement, showing an unbroken chain of title from the originator to the Trust; and 9.

    “SECINFO.COM Deutsche Alt-A Securities Mortgage Loan Trust/Series 2006-AR4 • ‘8-K’ 1st Page of 3± Line 159: 99.7 ISDA Master Agreement and Schedule to the Master Agreement and Swap Transaction Confirmation, both dated as of September 29, 2006 , between Deutsche Bank AG, New York Branch, as swap provider, and HSBC Bank USA, National Association, not in its individual or corporate capacity but solely as trustee for the supplemental interest trust. 99.8 ISDA Master Agreement and Schedule to the Master Agreement and Swap Transaction Confirmation, both dated as of September 29, 2006 , between The Bank of New York, as swap provider, and HSBC Bank USA, National Association, not in its individual or corporate capacity but solely as trustee for the supplemental interest trust. 99.9 …”

    Hello $10 Billion Dollars! Deutsche Bank National Trust Co (DBNTC) are asserting claims for monetary damages against FDIC Receiver, alternative defendant JPM purported successors in interest to WaMU in which DBNTC alleges breach of contractual obligations affecting 127 governing agreements of trusts created for securitization of residential mortgages 1992-2007….. http://www.scribd.com/doc/46442715/Deutsche-Bank-v-FDIC-Chase-JP-Morgan-WAMU Based on how uncomfortable Chairman Shelia Blair is she should call me 973-347-3475 Mary. JPM is a beneficiary and coconspirator; what will they do? Settle what’s $10 Billion dollars of common stock so they don’t have to not open their books regarding Structured Asset Securities Corp, Chase Manhattan Mortgage Corp, Norwest Asset Mortgage Corp, and Bear Stearns Alt-A …. DBNTC Case No 09-CV-1656-RMC

  9. Dousche Bank can suck it!
    We have a clearly forged substitution of trustee and full reconveyance, signed by a Crystal Moore of Pinellas County, notarized by a Mary McGowan.
    Then LSI Title and NDEx West dumped their nightmare of on Dousche and that’s where we stand – Stuck because of their B.S. we can’t even take our eyes off of the property as they will be attempt to change the locks any day now.
    My question is: Is it illegal to hose the locksmith, or any other MF that tries to steal our shit… F’m

  10. Look how low they will go

    Deutsche Bank Sues Foreclosure Fraud Expert’s Son With No Financial Interest In Her Case

    http://stopforeclosurefraud.com/2011/05/13/deutsche-bank-sues-foreclosure-fraud-experts-son-with-no-financial-interest-in-her-case/

    Then this just out in Florida

    IN RE BALDERRAMA | FL BK Court “Deutsche Bank, Not proven to either the trustee or the Court that it holds a validly endorsed promissory note evidencing its purchase of the debt on the disputed property”

    http://stopforeclosurefraud.com/2011/05/13/in-re-balderrama-fl-bk-court-deutsche-bank-not-proven-to-either-the-trustee-or-the-court-that-it-holds-a-validly-endorsed-promissory-note-evidencing-its-purchase-of-the-debt-on-the-disputed-prope/

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