OBAMA ADMINISTRATION PRESSURING STATE AG’S TO CAVE IN TO BANKS

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Bank Of America’s No-Good, Very Bad Enablers

ForbesBy Halah Touryalai | Forbes – Mon, Aug 22, 2011

What’s the worse than Bank of America acting as if it deserves immunity from all its  bad foreclosure behavior? A presidential administration that agrees.

President Obama’s administration is putting pressure on New York Attorney General Eric T. Schneiderman to give into a deal with big banks that would block him from bringing future mortgage investigations, Grethchen Morgenson reports in The New York Times today.

For months, Schneiderman has said he will not agree to any nationwide agreement with banks that would block individual states from investigating the mortgage-servicing industry on their own. At one point Bank of America was said to be in talks to with state and federal officials without the involvement of Schneiderman. But now the pressure is on Schneiderman to join the agreement, say ‘okay’ and move on.

Schneiderman’s position on the matter was of course not sitting well with banks that would rather shell out a huge sum of money (reportedly $20 billion) than deal with ongoing suits. Bank of America, JPMorgan Chase, Citigroup and Wells Fargo are among the banks being investigated for foreclosing on struggling homeowners without proper paperwork and procedure.

When the nation’s 50 state attorneys general joined forces in the fall to look into the matter the probe seemed to have some teeth. The AGs were appalled at some of the alleged behavior by banks with Connecticut Attorney General Richard Blumenthal saying at the time. “At the best, banks engaged in careless negligence, at worst, outright fraud.”

Now though, an investigation that once  felt like it might end in prosecution for some in the mortgage service industry is turning into a joke. There are only a handful of AGs still looking to thoroughly investigate exactly what banks did wrong and how they should be punished. AG Schneiderman is the leader among that group, and as I pointed out last week is a big thorn in struggling Bank of America’s side.

Unfortunately there aren’t enough thorns willing to look into what was once believed by the AGs to be “outright fraud.” Instead, officials are working with banks to work out a deal, and anyone who isn’t on board risks being viewed as someone who is stalling a housing recovery. The most recent example of this is cited in Morgenson’s story where she reports that “Shaun Donovan, the secretary of Housing and Urban Development, and high-level Justice Department officials have been waging an intensifying campaign to try to persuade” Schneiderman to a deal that would give banks a free pass over future foreclosure claims.

The problem, as The Big Picture’s Barry Ritholtz points out this morning, is that the federal regime’s interest is so closely tied to the banking industry that bad news for banks is inherently bad news for the administration. From Ritholtz:

Note that the Federal Reserve (and indirectly, the NY Fed) are conflicted players in this. On the one hand, they are supposed to be bank regulators (a task they have performed poorly). But they are also substantial investors in the banks, and their  regulatory oversight role is obviously conflicted.There have been all manner of criminal and civil trespasses committed, and we should find out who ordered them, who committed them and why. AG Schneiderman should continue investigating the robo-signing, bring civil and criminal charges where necessary.

Recall that the original problems came about in large part due to Alan Greenspan’s Nonfeasance — the failure to perform his professional obligations of oversight and regulation. That any member of the Federal Reserve or NY Fed wants this closed before any investigation has been undertaken is a scandal of the highest magnitude.

But it’s Kathryn S. Wylde, member of the board of the Federal Reserve Bank of New York  and president and chief executive officer of the Partnership for New York City, a nonprofit organization of the city’s business leaders, that personifies the reason banks will never be held accountable for anything.

Wylde has openly been critical of AG Schneiderman’s suit that aims to block an $8.5 billion settlement between Bank Of America and 22 investor groups (including the NY Fed, PIMCO and BlackRock) over mortgage securities. But it’s her comment about  Schneiderman’s reservations to agree to a deal that would give banks immunity that will really boggle your mind.

According to the Times, here’s what she says she told Schneiderman about his resistance:

“it is of concern to the industry that instead of trying to facilitate resolving these issues, you seem to be throwing a wrench into it. Wall Street is our Main Street — love ’em or hate ’em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible.”

I guess the billions in bailout money wasn’t enough “support”, and hiring hairstylists, teenagers and Wal-Mart employees who didn’t not know the meaning of an “affidavit” to foreclose on home owners is apparently defensible.

 

48 Responses

  1. […] OBAMA ADMINISTRATION PRESSURING STATE AG’S TO CAVE IN TO BANKS MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE Bank Of America’s No-Good, Very Bad Enablers By Halah Touryalai | Forbes – Mon, Aug 22, 2011 What’s the worse than Bank of America acting as if it deserves immunity from all its  bad foreclosure behavior? A presidential administration that agrees. President Obama’s administration is […] […]

  2. U.S. Is Set to Sue a Dozen Big Banks Over Mortgages
    article in NY Times 9/1/2011
    http://www.nytimes.com/2011/09/02/business/us-is-set-to-sue-dozen-big-banks-over-mortgages.html?_r=1&hp

  3. Bill

    Utah is saying what Virginia cts have held:  the mortgage follows the note. Wouldn’t that mean that the true owner of the note automatically has the security notwithstanding the name on the dot?

    Irrational as this theory is, why does that end quiet title actions?  The original lender might be out of business or whatever….

    I must be slow or worse.  I just seems to me that standing remains an issue if some mysterious lender was the last holder and blah blah bank is foreclosing.  Unless the theory implies the beneficiary holds in trust for whoever and by that foreclosure the note, wherever it is, is extinguished?

    Wish someone would enlighten me why this Utah case is so devastating to quiet title, as Virginia has the same hostile position and Virginia is my nemesis as part of the southern good ole boy style of jurisprudence.   (if only I’d known or thought about foreclosure laws when I bought that property…..But foreclosure was the last thing on my mind. I sank 65k into improvements.   All gone with their thievery.)

    Btw   this personal devastation has effectively ended any future real estate purchases by me.  (wonder where they think the “recovery” of real estate will come from with baby boomers retiring and everyone else making 10$ an hour working retail jobs)
     

  4. TOLD YOU OBAMA WAS NO GOOD!

    Where’s that stupid broad that was trying to tell me otherwise?

  5. Why would I want to “modify” unsecured false default debt???

    THEY HAVE NO RIGHTS TO OUR MONEY!!!

    “…What we need to focus on is that borrower’s subprime refinance was unsecured — a false and fraudulent mortgage — and nothing more than debt collection on a fraudulent transfer of collection rights to a false default debt. Everyone (in subprime refinance) was in (false) default before they even refinanced.
    The banks (as debt buyers) accomplished this by falsely placing borrower in current default (and never telling them) — and then the servicer purchases the collection rights from either Freddie or Fannie. Then the servicer “reinstates” the false default debt with a fraudulent refinance. And, if there is a subsequent refinance, that is just another transfer of collection rights. Servicer reports original F/F mortgage as “paid” — but it is “Paid-OUT” — by servicer purchase — and not “Paid-OFF” by the borrower as it should have been by the (fraudulent) subprime refinance. . Thus, borrower remains in default on F/F loan – despite a subprime refinance — and borrower can never refinance with an F/F again — They are doomed if they miss even one payment on the false collection rights — and will never recover because always held in default — on both the F/F loan and the collection rights. BUT BORROWERS should not be paying on fraud!!!! They have a right withhold payments on fraudulent debt.
    All fraudulent, all in violation of consumer protection laws — and, because the “creditor” of collection right never validates the “debt” — by disclosing the actual creditor to the false default debt — in violation of FDCPA and May 2009 TILA Amendment. Meaning borrowers should not be paying anything — because of fraud and violation of federal statutes.”

  6. Here’s some good news – B of A’s ridiculous slap-on-the-wrist 8.5 million dollar settlement could fall apart…

    http://www.zerohedge.com/news/bofas-85-billion-settlement-could-fall-apart-after-request-made-move-mortgage-case-state-federa

  7. I am disgusted with all of it. I hope nothing happens to Mr. Scheiderman.

  8. Wow! Kathryn Wylde has the balls to say ““it is of concern to the industry that instead of trying to facilitate resolving these issues, you seem to be throwing a wrench into it. Wall Street is our Main Street — love ’em or hate ’em. They are important and we have to make sure we are doing everything we can to support them unless they are doing something indefensible.”

    Lady, just what do YOU think is indefensible?! Facilitating resolution to her is simply forking over cash, which, for these banks is gonna be peanuts compared to the monies they’ve flat out robbed from the American Public. Forgery, bribery, racketeering, deceptive practices mean nothing to these people with dollar signs in their eyes, just pay up and all is forgiven. I say horse s#@t!

    And I will gladly go on this blog saying that WALL STREET is NOT MY MAIN STREET!!!! It may be hers, not mine! My MAIN STREET has businesses that are thriving, happy people out spending their hard earned monies on goods and services, not worrying about if they’re gonna have a home in the next 30 days or how they’re gonna feed their kids and pay their mortgage. My Main Street doesn’t evolve around out and out fraud, forgery, racketeering, bribery and kick backs. Wall Street may be her Main Street, because she’s part of companies that think Wall Street should thrive. Let’s not forget it was the sheer greed of these banks that caused this mess, no! Let’s forgive and forget for the right amount of CASH!!!!

  9. Don’t cave on us Martha, Massachusetts needs you! Help push for audits of ALL the registries of Deeds thur out the state and there will be real truth in the pudding. Let’s get the fraud and crime out of Massachusetts and bring back the word HOME !

  10. “Is this the end of the Quiet Title defense in Utah?”
    Anybody Know? Neil?
    Apparently in Utah the Note doesn’t Matter.
    Other link was been deleted!?!?
    The gist is here –
    http://news.yahoo.com/attorney-walter-keane-explains-unfavorable-ruling-quiet-title-223207058.html

  11. Quote
    Why did Warren Buffett Put
    $5 Billion in Bank of America?

    Investors got a pleasant surprise this morning when the news broke that Warren Buffett was investing $5 billion in troubled Bank of America (NYSE:BAC). After all, Bank of America stock has been hit hard lately as estimates of its mortgage liability run as high as $70 billion.

    So the fact that Buffett would give the “all clear” signal with such a large investment seems bullish for the bank. But the details of the investment may tell a different story.

    For one, Buffett bought preferred shares that pay a dividend, so he will be recouping his investment, even if the shares fall in value. And second, he was also granted warrants to buy an additional 700 million shares of Bank of America common stock — at around $7 a share.

    The details of the investment make it look more like Buffett is bailing a troubled company than making a value investment. And that makes sense when you consider the amount of money Bank of America could potentially owe for mortgage problems could dwarf Buffett’s $5 billion.

    There’s simply no getting around the fact that debt is a major issue for American government, corporations and citizens.

    Wyatt Investment Research,
    Unquote

  12. Please read this and send the NY Attorney General message letting him know you support his efforts to bring the Big Banks to Justice.
    PLEASE MAKE THIS A PRIORITY.

    Steve

    —– Forwarded Message —–
    From: Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowledge
    To: slucoresr@yahoo.com
    Sent: Thursday, August 25, 2011 8:06 AM
    Subject: [New post] Dismissal of NY Attorney General Schneiderman shows Obama Administration and Iowa AG Miller poised to let Big Banks off the hook for Mortgage Fraud

    Dismissal of NY Attorney General Schneiderman shows Obama Administration and Iowa AG Miller poised to let Big Banks off the hook for Mortgage Fraud
    Foreclosure Fraud | August 25, 2011 at 10:06 AM | Categories: Foreclosure Fraud | URL: http://wp.me/pFWnq-7oW

    Read more of this post
    http://4closurefraud.org/2011/08/25/dismissal-of-ny-attorney-general-schneiderman-shows-obama-administration-and-iowa-ag-miller-poised-to-let-big-banks-off-the-hook-for-mortgage-fraud/

  13. No SURPRISE BUFFET PURCHASING BOA!

    BUFFET gets money from ownership during Origiantons from WFC and BUFFET gets moeny from ownership during foreclosure BOA!

  14. Why can’t the government make a law to award financial compensation to people who were dodged pillar to post with their mortgage modification application by saying that tax returns were not received and other already sent documents were not received? They are entitled for financial compensation as no one can harass people in a civilized society. This why laws are for.

  15. Right on, Nora.

  16. It has become pretty clear that banks made sure their cronies were in position before they launched this whole scheme. With stupid, greedy people who have no concience and only consider their own pension funds in place, they tried to ensure cover.

    This is the only question I have: why aren’t people en masse penning some angry letters and burying “regulatory” in a deluge of hate mail?

    This is still our damn country, and they are public servants, and when they don’t do what we want done, they need to be warned that they will be unemployed at shift change.

    Get off your duffs, people. Even if all you do is copy and print your own posts, pound on the worthless “regulators” until they cry uncle and do the job they were hired to do, instead of selling us out. I will send anyone who wants one a stamped, addressed envelope for their AG, representative or Senator. We can’t turn this around unless we do some lobbying of our own, strongly worded, angry lobbying.

    I told my senator and my representative that if they voted for the trade bills I would print a copy of their voting record and my letter and mail it to every constituent in this voting district. It was a seven page letter. It will cost me $143.00 in postage, but I plan to make good on my threat.

  17. Dear State Attorney General Eric Schneiderman:

    RE: Money Laundering

    Non-Depository Trust Company Non-Member Nominee for Mortgage-backed note (owner) c/o Institutional Investor/Institutional Bank with intent attached ‘cash’ to Mortgage Servicer’s pass thru agency, payable to ‘bank closing agent’ in state closing of property located, c/o Mortgage Servicers’ pass thru agency – recorded in State of Maryland c/o Corporate Trust Servicers – CTS-Link and the ‘loan#’ cash ‘Remitter’ c/o ‘Collatera’ issued one mortgage at a time exempted from Patriot Act 2001 Money Laundering protections and regulations of FinCen

    Mortgage Servicers ‘GMAC MORTAGE CORPORATION OF IA, dab GMAC MORTGAGE CORPORATION OF PA, FICITIOUS NAME, GMAC MORTGAGE CORPORATION DBA MORTGAGE SERERVICER IN Agreement since 1996 with Norwest Corporation and Chase Manhattan Corp, pass thru agency nominee Wells Fargo Asset Securities Corp fka Norwest Asset Securities Corp, dba Wells Fargo Bank NA, has passed cash for institutional investors and institutional banks whose affiliates have visitorial powers granted by OCC since 2002 bypass Patriot Act 2001 FinCEN money laundering regulations attaching with intent cash deposits to Mortgage Servicers.

    In 2000, Microsoft primary owner, FREDDIE MAC, Chase Mortgage Corp, Wells Fargo, Norwest, GMAC did with intent unveil Home Technologies (MSN . com tm) controlling real estate industry.

    In 2001, Patriot Act in place to protect economy, placed money laundering regulations.

    In 2002, OCC successfuly protected Institutional investors & Institutional Banks owners of mortgage-backed notes classifying them as affiliates of Mortgage Servicers. The OCC prevented enforcment of laws including protecting economy from money laundering r were protected by OCC who EXEMPTED all Mortgage Servicer afiiliates Exempt from FinCEN reporting regulations.

    OCC 2002 forward did not investigate RETAIL consumer complaints, nor any trasactions related to RETAIL c/o Mortgage Servicers which include the actual cash transaction in which the Non-Deposit Trust Co – Non Member cash passed thru the pass thru agency treasury c/o closing agent in state property located.

    Wells Fargo Executive Specialists discuss in internal memos ‘regarding’ fraud complaints that “We Don’t have to respond ‘RETAIL'”, OCC June 11, 2010 Letter, ‘We do not have authority to adjudicate the alleged unlawful business acts.”

    If nobody checked the individual consumer complaints nor the cash to the Mortgage Servicers issued at RETAIL during Origiantion, all monies were successfully laundered each day since the Patriot Act 2001 put in place money laundering initiatives.

    OCC’s visitorial powers protect all affiliates of RETAIL Mortgage Servicers which includes ‘David Stern’.

    David Stern PA without personal knowledge of Origination did process requests for documents c/o LPS, DOCX, MERS, TDSF, that would place in public office and court Plaintiff legal documents considered to be true.

    The only beneficiaries of such alleged unlawful business acts are the ‘Mortgage Servicers’ affiliates c/o mortgage-backed note owners.

    Specifically, the Institutional Investors and Institutional Banks Non-Deposit Trust Company Non-Members and Master Servicers who collect cash deposits bypassing money laundering regulations of Patriot Act.

    Is it $29 Trillion banks got? How much is is in cash deposits when you consider all the cash deposits c/o monthly payments via Mortgage Servicers all that money laundered exempt from FinCEN Money Laundering Regulations.

    GMAC FUNDING with equity partner ‘State of Maryland’
    What exactly does that mean?

    PORTAL (FIS) Origination (1) GSE VENDOR Authorized
    Loan Syndiation & Trading integrated modules lending process deal building – servicing – foreclosing – REO Lender reselling.

    FIS has also been named the number one overall financial technology provider in the world by American Banker and Financial Insights (FinTech 100). Midtier and Large Banking – flexible channel, integration and core solutions to meet every banking need from originations to servicing

    HOPE LoanPort & GMAC to Launch Portal and GMAC Mortgage to be first SERVICER to delivery direct-to-consumer foreclosure mediation portal.

    GMAC ‘funding’ development of portal hmmmmm…..
    “GMAC” funding partnership with State of Maryland … interesting – portal ‘HOPE LoanPort’.

    Employee Manager wrote:
    GMAC Mortgage, LLC engages in originating and servicing residential mortgages.

    The company operates three primary business units:

    GMAC Mortgage,
    GMAC Home Services, and
    GMAC Bank.

    GMAC Mortgage business unit originates first and second lien residential mortgage loans through a network of retail offices;

    direct lending centers;

    and Internet sites, such as http : // www . gmacmortgage . com and

    http : // www . ditech . com.

    GMAC Home Services business unit provides real estate services directly to customers.

    GMAC Global Relocation Services business unit offers relocation services.

    GMAC Bank business unit provides online banking services, which include money market savings accounts and fixed-term certificates of deposit.

    GMAC Mortgage, LLC was formerly known as GMAC Mortgage Corporation.

    The company was founded in 1985 and is headquartered in Horsham, Pennsylvania.

    It has additional offices in the United States and Canada.

    GMAC Mortgage, LLC operates as a subsidiary of
    GMAC Mortgage Group, LLC

    100 Witmer Rd, Horsham PA 19044 USA 10,000+ employees

    ‘Mortgage Brokers’ may provide Mortgage Services. Example GMAC Mortgage Servicer employe dby both

    GMAC Mortgage Corporation of PA
    GMAC Mortgage Corporation of IA
    GMAC Mortgage Corporation Company
    GMAC Mortgage Servicer c/o GSE’s
    ‘FREDDIE MAC’S EXCLUSIONARY LIST
    SELLER’S ABILITY TO SELECT APPRAISAL MANAGEMENT COMPANY (OR OTHER PARTY) NOT ENDORSEMENT OR APPROVAL OF THE APPRAISAL MANAGEMENT COMPANY, DOES NOT RELIEVE SELLER OF ANY OBLIGATIONS PURSUANT TO SELLER’S OTHER PURCHASE DOCUMENTS INCLUDING REQUIEMENTS GUIDE SECTION 2.24 RELATED TO EXCLUSIONARY LIST

  18. Looks like Wells Fargo is a modern day slave trader. We’ve discovered that our 1st, Wells Fargo Home Mortgage, Loan # XYZ, is being held “in trust” for us, in an instrument “Wells Fargo Home Mortgage” and invested in a Fidelity fund that has a ONE MILLION DOLLAR minimum investment, and that our HELOC, WFB, NA Deed of Trust # XYZ, is also being held “in trust” for us, in an instrument “Wells Fargo Bank, NA” and invested in yet another Fidelity Fund, without our knowledge or permission. And they refuse to answer any questions about these two accounts we’ve found. They accept our letters, have a low level GED reply acknowledging receipt and sharing that they’ll get back to us with an answer by such and such a date, and then NEVER GET BACK TO US. Are they really that clumsy–shouldn’t they hire more experienced criminals? And their “foreclosure” using a DEBT COLLECTOR forges on. How can you foreclose on what you SOLD? And what you sold, by your own admission, in your sworn public filings, when you did the deal, and when you booked the gain on sale? You can’t then come back and control the asset you sold away, without having to come back in and restate earnings, right, rebook it as a liability, going back, um, I don’t know, a decade or so? And, if the start up date of the “pool” was several months before we ever walked in the door to refi……shouldn’t our loan docs have disclosed the true nature of the loan, the risks, the actual parties involved and the real costs? Oh wait, we would never have signed those docs. So, I’ve spent thousands of dollars tracking down the securitization..and Wells lets it slip finally AFTER they file the Notice of Default, which of course they file BEFORE it’s declared in default on their remittance reports–a FULL MONTH BEFORE……and BEFORE they file a Substitution of Trustee……Hmmm… wouldn’t this fall under White Collar Crime? We aren’t the only ones with these Fidelity investment accounts…….oops, did I let the cat out of the bag? Attorneys General, hope you’re reading.

    See ya in court!

  19. agree—nancy drewe:

    “…could bring a lawsuit against Barack Obama and under Constitution, Article II, Section 4: The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.”

  20. Not a “loan”, Mr. Davies…this includes YOUR FAKE LOAN:

    “What we need to focus on is that borrower’s subprime refinance was unsecured — a false and fraudulent mortgage — and nothing more than debt collection on a fraudulent transfer of collection rights to a false default debt. Everyone (in subprime refinance) was in (false) default before they even refinanced.
    The banks (as debt buyers) accomplished this by falsely placing borrower in current default (and never telling them) — and then the servicer purchases the collection rights from either Freddie or Fannie. Then the servicer “reinstates” the false default debt with a fraudulent refinance. And, if there is a subsequent refinance, that is just another transfer of collection rights. Servicer reports original F/F mortgage as “paid” — but it is “Paid-OUT” — by servicer purchase — and not “Paid-OFF” by the borrower as it should have been by the (fraudulent) subprime refinance. . Thus, borrower remains in default on F/F loan – despite a subprime refinance — and borrower can never refinance with an F/F again — They are doomed if they miss even one payment on the false collection rights — and will never recover because always held in default — on both the F/F loan and the collection rights. BUT BORROWERS should not be paying on fraud!!!! They have a right withhold payments on fraudulent debt.
    All fraudulent, all in violation of consumer protection laws — and, because the “creditor” of collection right never validates the “debt” — by disclosing the actual creditor to the false default debt — in violation of FDCPA and May 2009 TILA Amendment. Meaning borrowers should not be paying anything — because of fraud and violation of federal statutes.”

  21. Who pays the loans. This makes it clear.

    Mortgage Bankers Unhappy with New FHA Forbearance Policy
    Thursday, August 25, 2011
    By Brian Collins

    The Mortgage Bankers Association is being inundated by member complaints about the Federal Housing Administration’s policy decision to extend the forbearance period for unemployed homeowners to 12 months.

    Servicers of Ginnie Mae MBS are already required to advance the principal and interest payments to bond investors during a four-month forbearance period and pay taxes and homeowner’s insurance if necessary.

    The new policy, which went into effect August 1, increases that expense by another eight months.

    While the forbearance extension was well intended (designed to keep unemployed borrowers in their homes) it has become an expensive burden for Ginnie Mae servicers as well as community banks, credit unions and small mortgage banking firms, according to MBA senior vice president Stephen O’Connor.

    “Many of the small servicers we talked with stated that the cost of the new forbearance program will force them out of the servicing business,” O’Connor says in a recent letter to Ginnie Mae and FHA officials.

    MBA is urging FHA to cover the cost of the extended forbearance policy.

    “We believe that this is a cost that all taxpayers should share,” the trade group writes

  22. No now we know the truth.

    In 2003, purpose of Non-Deposit Trust Co Non-Member, classification of Federal Reserve, cash, attached to a Mortgage Servicer during Origination and all performing loan payments ‘cash’ during life of loan are attached to Mortgage Servicer, and not subject to Money Laundering Regulations of FinCEN.

    That means all of the bail out money untraceable launded attached to Mortgage Servicing.

    This is huge!

    I have a cashiers check in which Deutsche Bank Trust America’s Account Holder of check account is
    Deutsche Bank Trust Co of New Jersey LTD – a Non-Deposit Trust Company – Non-Member.

    Here are the MERS MEMBERS SEARCH for Deutsche and DB:

    Deutsche Bank AG New York Branch
    Deutsche Bank National Trust Company
    Deutsche Bank National Trust Company Americas
    Deutsche Bank National Trust Company Americas as Trustee
    Deutsche Bank National Trust Company as Trustee
    Deutsche Bank Trust Company Americas.
    DB EMT LLC 1345 Ave of Americas NY

    DB Structured Products, Inc c/o MERS is a Servicer, Subservicer, Interim Funder, Investor, Document Custodian,
    60 Wall St, NY NY 1005

    The website inside MERS MEMBER Record, Deutsche Bank
    Read Current Articles
    – US Sharpens Mortgage Suit Against Deutche Bank
    – Liquidity crisis unlikely to hit European Banks 8/25/2011
    – US Funds show true state of eurozone banks
    – Euro Crisis Side Effect – Your Money Market Fund Could Break

    – Deutsche Bank retains world prime brokerage crown 8/23/2011 —

    Notice of pendency, 45 days before Notice of proposed exemption will be published in Federal Register Notice.

    Is this ‘Exemption’ being questioned in 2009?
    Deutsche Bank secured expemptions of its foreign affiliates monies laundered attached to ‘Mortgage Servicer’ is the circle of life ‘the problem upfront’ Proposed Exemption; Deutsche Bank Securities Inc. and Its
    Affiliates

    AGENCY: Employee Benefits Security Administration, Labor

    SUPPLEMENTARY INFORMATION:

    [Application No. D-10988]
    The proposed exemption was requested in an application filed pursuant to section 408(a) of the Act and/or section
    4975(c)(2) of the Code, and in accordance with procedures set forth in 29 CFR part 2570, subpart B (55 FR 32836, 32847, August 10, 1990). Effective December 31, 1978, section 102 of Reorganization Plan No. 4 of 1978, 5 U.S.C. App. 1 (1996), transferred the authority of the Secretary of the Treasury to issue exemptions of the type requested to the Secretary of Labor. Therefore, these notices of proposed exemption are issued solely by the Department.

    The application contains representations with regard to the
    proposed exemptions which are summarized below. Interested persons are referred to the application on file with the Department for a complete statement of the facts and representations.

    Deutsche Bank Securities Inc. and Its Affiliates Located in New York,

    You can pull up and read. Does this provide a road-map to how Deutsche Bank Trust Americas 2002 forward DBTA continued securing US Labor pension funds c/o Institutional Owners’ Institutional Investors’ & Institutional Banks ‘cash’ c/o Non-Deposit Trust Company – Non-Member c/o Mortgage Servicers Nominee c/o Temporary Lenders? which OCC ‘looked other way’ and Federal Reserve looked other way, … lots of agencies c/o Congress looked other way.

    Today, with President Obama responsible for looking forward and not back at what harmed economy, we look for the loopholes and kindly bring to his attention in order that the Attorney Generals do not give in but if President Obama continues to not enforce laws could bring a lawsuit against Barack Obama and under Constitution, Article II, Section 4: The President, Vice President and all civil Officers of the United States, shall be removed from Office on Impeachment for, and Conviction of, Treason, Bribery, or other high Crimes and Misdemeanors.

    For any of the ‘good reasons’ if found guilty the American citizens and residents of every state would sign the petition to Impeach.

  23. Warren Buffet has TOTALLY LOST IT…

    http://www.huffingtonpost.com/2011/08/25/warren-buffett-bank-of-america-berkshire-hathaway_n_936140.html

    So much for being a smart business man…

  24. if you all have not realized it by now. “it is the bankers” stupid.

    while your family.breaks apart and you go broke, these criminals enjoy preferential access and benefits from our judges, courts, local, regional an national governments.

    while your are foreclosed they are bailed out. While they break our retimentsto small pieces or even a great nothing, they are allowed to continue having a privildged existence.

    they have created wars, poverty, misery, and conflict aroujd the world.

    the bankers are the root of corruption, they assist dictators and corrupt politicians, drug dealers, etc to hi
    hide their assets nd shelter their ill gotten gains.

    these crooks have brought the world economy to ruin, these crooks are free to run their ponzi schemes.

    these patricians do not doany good in the world.

  25. Ms. Wyide needs to lose her job and become um-employed and when she cannot make her mortgage payments she should be foreclosed on! Wall Street may be her Main Street, but certainly not the home owners’ Main Street. Giving the banks immunity for fraud so investors can get paid, and the counties they defrauded can get paid, is not going to solve the housing crisis.

    So long as millions of homeowners been evicted from their homes by the banks, they will never again trust the banks. And as long as the government officials protect the guilty parties (the banks) in this case, they too will never be trusted again.

    It’s no longer about just the economy of the financial institutions, it’s about the entire population. The country and the banks can not run without the millions of little people paying fees here and there. So we cannot keep sweeping dirt under the rug and make it go away. So long as the people are unhappy and are un-employed and being ousted from their shelters, nothing will get better.

    The people are waking up now, more are defaulting and less are investing, yes the too big to fail will have no way to maintain their business. It’s too bad that the American people don’t get the respect they deserve, and it’s too bad that they are not united enough to run the big bad business man out of their office and on the streets where they belong!

  26. Who would be the ‘Beneficiary’ of HOPE LoanPort?

    I’m sorry tnharry but I have to bring up history again.

    In 2003, Wells Fargo & Company’s Instituional Investors & Institutional Banks are the first one to use MERS COMMERCIAL (WFC, John Hancock, etc. promoted first CMBS transaction using full-installation of MERS COMMERCIAL which tracks CMBS, RMBS, ABS, MBS, eNotes inside ‘National Registry’.

    Wells Fargo & Co. first one to use MERS COMERCIAL National Registry and accepted eNotes traded in which Assignments were NOMINEES c/o mortgage-backed notes traded, sold and purchased.

    Wells Fargo & Co. clearly announced to rest of nation, ok to destory original note and in agreement as partners with FREDDIE MAC, Chase, GMAC, Norwest, John Hancock had no problem insuraninng original mortgage note destroyed. John Hancock happy with subordinated risk, credit enhancements, cash moved between Non-Deposit Trust Co Non-Member and MERS Nominees would reproduce eNotes in the event of a default.

    GMAC Mortgage Servicer Nominee assigns and/or successsors c/o foreclosure mediation responsible for funding HOPE LoanPort.

    GMAC Mortgage Servicer c/o Nominee for REO LENDER
    and GMAC Mortgage Servicer is Nominee c/o Mortgage Servicer, who is the Nominee c/o Pass thru Agency who is the NOMINEE c/o Tempoary Lender who is the Nominee c/o owner of mortgage-backed note c/o Nominee Institutional Investors’ Institutional banks’ Non-Deposit Trust Co Non-Member during ‘origiantion’ who prefunded cash.

    “GMAC” FUNDING (partnership) with STATE OF MARYLAND (multi judicial state). Very Interesting State of Maryland an EQUITY PARTNER. GMAC Mortgage Servicer will be first mortgage servicer to use HOPE LoanPort.

    Here is the public profile on Google 8/25/2011
    Commercial Entity Broker who will be beneficary of HOPE LoanPort data collected inside Mortgage Servicers’ direct-to-consumer foreclosures!
    HELLO. Wells Fargo & Co. first Institutional Bank to use MERS COMMERCIAL National Registry 2003, recording first MERS COMMERCiAL installation implemented at SHAREOWNER ‘Wells Fargo & Co’ insitutional investors & institutional banks affiliates allowing all ‘cash’ deposits advanced as pre-funding to Wells Fargo’s Institutional investors and Institutional Bank pass thru agency ‘Wells Fargo Asset Securities Corp fka Norwest Asset Securities Corp’ to process all cash transactions of performing RETAIL Mortgage Servicing transactions outside scope of FinCEN, money laundering regulations put into place by Patriot Act 2001, OCC allowed bypassed blessed by Congress who prevented Attorney Generals from enforcing laws that otherwise would have protected economy and consumers.

    One ‘FL’ Real Estate Broker 8/25/2011 excited links
    First American’s ‘DSNews com’ article
    HOPE LoanPort & GMAC Mortgage Servicer (many names) LAUNCH Mediation Portal in Maryland.

    Kessler Real Estate Services Valuation Analytics
    & REO
    Short Sales Management Solutions
    Financial Services

    Specializing in REO / Corporate Owned asset disposition, BPO / property valuation services, along with Short Sale Management Solutions. I understand whats important not only to our clients, but to the clients of our clients and thus I make sure our time lines are always hit early, stay on top of the preservation, valuation, and/or short sale management services of our properties, skillfully manage the contract to close portion of the transaction to insure that closings that happen when they are supposed to and I communicate with our asset / portfolio mangers every step of the way. My job is to make your job as easy as possible.

    Our goals for this year is to double our current client base of banks and asset management companies. We take pride in our work.

    Responsible for new business development and cross-selling of all bank loan products including conventional, fha, va, and commercial level products.

    Also, responsible for all phases of underwriting loans including real estate analysis, cash flow models, profitability models and credit underwriting, Loan modification financial analysis, short sale Financial analysis.

    Advanced understanding of credit and the governing guidelines for consumer credit such as the FDCPA & FCRA.

    Advanced understanding of Debt work out solutions, short sale negotiations, loan modification procedures as well as underwriting services.

    Advanced Computer skills, Office management and Financial and Real Estate knowledge. Self-motivated, organized and reliant. Accustomed to operating independently, Directing skilled and unskilled personnel, as well as working as a member of the management team.

    SpecialtiesSales, Negotiations, Processing and Management Solutions with a Strong Financial Background with Computer skills to include Microsoft Windows 7, Quick Books 2010, ACT 2010, Small office Networking Capabilities, Microsoft Office 2003 & 2007.

  27. GMAC MORTGAGE SERVICER SUES DAVID STERN PA FIRM CLAIMING EMPLOYEES ON THEIR OWN DECIDED TO CREATE FALSIFIED DOCUMENTS NEED BY ‘ATTORNEYS’ WHO ORDERED THE DOCUMENTS TO PROCESS LIS PENDENS, COMPLAINTS, ASSIGNMENTS, IN ORDER TO FORECLOSE C/O NOMINEE FOR -NON-DEPOSIT TRUST COMPANY NON-MEMBER C/O NOMINEE TEMPORAY LENDER C/O NOMINEE ‘FORECLOSUER SERVICER C/O REO LENDER C/O WELLS FARGO ASSET SECURITIES CORP fka Norwest Asset Securities Corp.

    Wells Fargo Bank NA ‘Foreclosures’ c/o GMAC Mortgage Servicer who is Nominee for substitute trustee c/o loan trust.

    GMAC Mortgage Servicer in foreclosure agreement c/o Nominee Wells Fargo Bank NA Servicer Executive Specialists order Foreclosure, and flag which loans are to be processed by which robo-firm whose attorneys with intent to take possession of property by deception, order documents from FIS integrated network, and over clould access as subscribers in own agreements with LPS, DOCX, TDSF, MERS, eLynx, ServiceLink, etc..

    Foreclosuer Mortgage Servicers are in addition to the Mortgage Servicer all Nominees c/o Tempoary Lender Nominee for Non-Deposit Trust Company Non-Member who fronted cash passed thru Wells Fargo Asset Securities Corp Nominee Wells Fargo Bank NA for Deutsche Bank Trust Americas, Deutsche Bank Trust Co New Jersey LTD, for example.

  28. Replace ‘someone advanced payments’ to

    Non-Deposit Trust Company Non-Member c/o Institutional Investor & Institutional Bank issued ‘Cash’ to Mortgage Servicer

    TO LAUNDER MONEY PERIOD.

    2002 OCC CLEARED WAY FOR ALL AFFILIATES FINANCIAL TRANSACTIONS OF ALTERNATIVE INVESTMENETS AND ALTERNATIVE LOANS TO BE ATTACHED TO A ‘MORTGAGE SERVICER’ BUT FOR THE GOOD REASON

    MORTGAGE SERVICERS ‘EXEMPT’ FROM ‘MONEY LAUNDERING REGULATIONS OF FINCEN’

  29. GSE’S Freddie Mac & Fannie Mae (eFannieMae.com) are vendors, servicers with portals over CLOUD with FIS.

    FIS integrated “new” portal OVER CLOUD for ‘non-profit’ foreclousre processors’ who input new alternative investmenet requests of Non-Deposit Trust Company Institutional Investors & Institutional Bankers laundering money US Dollars ‘Cash’ c/o Mortgage Servicers.

    The Servicer assigns REO LENDER to foreclose and Servicer advances funds from ‘pre-funding’ of ‘loan trust’ to fund foreclosures while they pay mortgaage-backed loans as required – by Mortgage Servicers who keep ‘currency’ ‘cash’ US Dollars flowing to Institutional Owners c/o Institutional Investors and Institutiona Banks pass thru agencies. WHY?

    Mortgage Servicers since 2002 are ‘exempt’ from Patirot Act FinCEN money laundering regulations. HELLO!

    The undisclosed third party is a Non-Deposit Trust Company Non-Member who gives CASH to Mortgage Servicer Nominee Tempoary Lender assignee and/or successors. The Mortgage Servicer EXEMPT by Visitorial powers vested to OCC approved by CONGRESS under Supremacy Clause, Congress prevented Attorney Generals from enforcing Consumer Protection Laws 2002 forward.

    FREDDIE MAC/FannieMae new foreclosure processing robo-mll non-profit agencies c/o portal funded by not other GMAC MORTGAGE dba GMAC LLC, dba Ally Mortgage, fka GMAC Mortgage Corp of PA fka GMAC Mortgage Corp of IA, fka … does it matter? GMCA-RFC, Chase Manhattan Mortgage, Norwest Corporation 1996 ‘newly acquired affiliate’ Norwest Asset Securities Corp pass thru agency (NASCOR) dba Wells Fargo Asset Securities Corp allows foreclosure protal funded by GMAC Mortgage in Maryland private network and pipelines to control data collected thrugh the “Hope LoanPort” PORTAL and saves foreclosure REO Lenders dollars wasted on ‘losing’ the forms c/o contractors ‘affiliates’ listed on HAMP applications who the borrower has to sign the forms to allow the third partyh control to request the IRS data c/o Institutional Investors and Institutional Banks ‘data processing servicers contractors’. name printed on forms, check and you’ll see what other companies are part of the portal. Will borrowers IRS information now be accessible to integrated network without blue ink?

    FREDDIE MAC & FANNIE MAE ‘PORTAL’ HOPE LOANPORT”
    NOW integrated with FIS — Hello – The only approved Origination Vendor.

    FIS vendor,subscriber ‘Portal’ for Sub-servicers, all national association affiliates who under Supremacy Clause, the OCC in 2002 ‘bestowed’ privleges of all affiliates of Mortgage Servicers to bypass (be exempt) from Patriot Act 2001 FinCEN ‘money laundering’ regulations.

    20021, Deutsche Bank Trust Americas new trade name for Bankers Trust ‘s Non-Deposit Trust Company Non-Member who moves CASH c/o pass thru agency of Wells Fargo Asset Securities under ‘pretext’ doing business with Mortgage Servicers’ affiliate and movement of all that cash c/o Mortgage servicer including collecting cash payments laundes all of the cash for every mortgage every month performing and non-performing cash paid for by Mortgage Servicers.

    Does it take a rocket scientist to see that with intent Federal Reserve & OCC & Congress partnered to hide imminient collapes of US economy?

    All Mortgage Servicer Affiliates blessed by OCC Visitorial Powers and but for that good reason Attorney Generals were unable to enforce Consumer Protection Laws! Hello is anyone listenting?

    And but for this very good reason, the day, the economy recognized to be the third element of our national security, and President Obama chose to ‘look forward not back’ he should be brought up on appropirate charges and when convicted in what should be the fastest trial in history impeached. If he should reign after having been responsilbe for not protecting the economy, we’ll never recover.

    ALL SERVICERS’ handled selling for investors ‘mortgage-backed notes’ during Origination and servicing ‘credit’ rights purchased from Temporay Lender.

    All individual title & settlement agents, bank Attorneys, OLD REPUBLIC TITLE CO,

    robo-firm firms and their Attorneys, robo-firm-employees, did to order falsified documents creating eAllonges, eNotes, false Satisfaction of Mortgages, DOT, DOS, etc.

    And so is it any surpirse that the HAMP problems were spun producing smoke and mirrors through which you and I can’t see that HAMP now has a portal on the CLOUD thru which Hope Now Servicer Alliance faciliated by ‘a’ technology vendor.

    Funny about that FHMA requested (Freddie Mac) requested Fannie Mae to develop HAMP portal.

    FREDDIE MAC already owner along with Microsoft, FIS, FNF, LPS/DOCX, TD Services, TD Escrow Services, TD Financial Services, IBM Lenders Processing Services, Inc., …

    Here we consumers have been harmed since Home Technologies Inc was unleased in public domain c/o Microsoft, Freddie Mac, Chase, GMAC, Norwest, BOA, IBM, ….

    Source from National Mortgage News if you don’t have a subscription sign up for trial worth it!

    Federal Housing Finance Agency (Fannie’s regulator) pushed back, according to a new FHFA Office of Inspector General report.

    “FHFA and Treasury engaged in a significant dispute over Treasury’s request,” the OIG report says.

    “Officials in the FHFA’s Office of Conservatorship Operations opined that Fannie Mae lacked the in-house expertise to complete the project, and also raised operational and cost-based objections. Ultimately, Treasury agreed to remove Fannie Mae from the website development project,” the report says.

    (An FHFA spokeswoman indicated the agency has no disagreement with the IG’s reporting on this issue and declined to comment for this story.)

    Fortunately, several banks and nonprofit groups began testing a website portal to handle modification documents in late 2009 that became known as the Hope LoanPort.

    It was based on an existing system provided by a technology vendor. “It was fairly low cost because we enhanced it,” said Faith Schwartz, executive director of the Hope Now servicer alliance.

    “There are other portals but the Hope LoanPort was developed by servicers and counselors so they could get the information needed to make a decision—whether it is a HAMP mod, Fannie, Freddie or proprietary modification,” Schwartz said last week.

    After testing Hope LoanPortal in six markets, most participating HAMP servicers began using the portal in June 2010. But by then the lost document problems and other issues plaguing HAMP had largely discredited the Obama administration’s signature loan modification program.

    Even Democratic congressmen had become critical of the HAMP program and the slow responses by servicers.

    Senate appropriators complained about the HAMP servicers in a committee report released in August 2010.

    “We are dismayed that many of the banks participating in the program continue to drag their feet or are unfairly denying loan modifications to troubled borrowers after receiving billions in taxpayer dollars,” the committee report said.

    Today, HAMP processing is much smoother. Mortgage servicers completed 31,600 HAMP modifications in June including 2,000 mods that involved principal reductions, according to a Treasury Department report.

    “There is no excuse for lost documents today,” Schwartz said, with the availability of Hope LoanPort and other methods of communication that are low cost, safe and secure.

    “For counselors and servicers, lost documents are no longer an excuse,” she added.

    Separately, GMAC Mortgage and the state of Maryland are adopting Hope LoanPort to exchange foreclosure mediation documents electronically.

    GMAC is funding the development of the Web portal that will be used by housing counselors, servicers, investors and others.

    “Preparing for the mediation process can sometimes be overwhelming and Hope LoanPort offers borrowers a convenient option to assist with the process,” said Steve Abreu, president of GMAC Mortgage.

    The foreclosure portal is scheduled to go live in October. “We’re proud to be the first mortgage servicer to use this Web-based tool,” Abreu said.

    Maryland homeowners who receive a foreclosure notice have 25 days to opt-in to foreclosure mediation

    You know that FREDDIE MAC new UCD Uniform Collateral Document? File Doc ID will be affixed to ‘new acceptable appraisals and loan documents’ allowing foreclosures full-speed ahead, September 2011 target for phase I, March 2012 live and production environment.

    Nancy Drewe, on August 24, 2011 at 2:29 pm said:
    Master Servicer turns over foreclosures to sub-stitute real estate owned Lenders/Underwriters/Appraisers/Credit Risk Managers/Robo-firms who purchase the documents from LPS DOCX MERS FIS FNF eLynx, etc. And so here we go again the legal entity who ordered and paid for the services are they all listed in the complaint?

    Look at David Sterns complaints against the ‘creditors’

    David Stern PA sues FREDDIE MAC
    David Stern PA sues Aurora Loan Services
    David Stern PA sues GMAC Mortgage
    David Sterns PA sues …..

    Wait GMAC sues David Sterns 8/12/2011 c/o WFC, Chase, BOA

  30. E.tolle

    look at this chart

    http://quotes.wsj.com/BAC

    Let me emphasize “Too Big Too Fail” Just like Soviet Russia Communism fell so will “Too Big To Fail”

    NEVER AGAIN

  31. E. Tolle nobody is challenging Obama because you got to be nuts to take his job.

    Regarding the elite getting richer. I have my doubts everybody is getting hammered. Too big to fail goes against the laws of economics and nature.

    Be Strong and Courageous.

  32. FRAUDULENT AFFIDAVITS ARE THE LEAST OF WHAT IS GOING ON—

    LIKE ANONYMOUS SAID—

    “Neil does not listen — he is narrow-minded on focus that because someone else may have advanced payments for borrower — that borrower is NOT in default. This will NEVER win in courts. Courts do not care if someone else pays — they care about the borrower not paying. What we need to focus on is that borrower’s subprime refinance was unsecured — a false and fraudulent mortgage — and nothing more than debt collection on a fraudulent transfer of collection rights to a false default debt. Everyone (in subprime refinance) was in (false) default before they even refinanced.
    The banks (as debt buyers) accomplished this by falsely placing borrower in current default (and never telling them) — and then the servicer purchases the collection rights from either Freddie or Fannie. Then the servicer “reinstates” the false default debt with a fraudulent refinance. And, if there is a subsequent refinance, that is just another transfer of collection rights. Servicer reports original F/F mortgage as “paid” — but it is “Paid-OUT” — by servicer purchase — and not “Paid-OFF” by the borrower as it should have been by the (fraudulent) subprime refinance. . Thus, borrower remains in default on F/F loan – despite a subprime refinance — and borrower can never refinance with an F/F again — They are doomed if they miss even one payment on the false collection rights — and will never recover because always held in default — on both the F/F loan and the collection rights. BUT BORROWERS should not be paying on fraud!!!! They have a right withhold payments on fraudulent debt.
    All fraudulent, all in violation of consumer protection laws — and, because the “creditor” of collection right never validates the “debt” — by disclosing the actual creditor to the false default debt — in violation of FDCPA and May 2009 TILA Amendment. Meaning borrowers should not be paying anything — because of fraud and violation of federal statutes.”
    “Neil and LL have to redirect their focus — challenges after AG settlement without investigation — will be extremely difficult. Neil’s premises will not hold water – and not help the situation —- must rethink his focus — very stubborn — or he works for private debt buyers. (eventually banks sell the collection rights to private debt buyers and hedge funds — not regulated). Believe that maybe Neil and many others on LL — work for these private debt buyers — trying to “modify” again — the collection rights — just continues the fraud!!!”

    EVERYBODY CONTACT YOUR AG’S ASAP—MUST STOP SETTLEMENT…MUST STOP THE COVER-UP…

  33. @ A Man, you wrote:

    “Obama already knows he is not reelection material.”

    But what of his handlers? Why isn’t he facing a primary challenge? Could it be because those that wield the power have chosen for us already?

    Things are going well for the elite. Why change now?

  34. Ladies and Gentlemen: CRITICAL MASS

    We are all disgusted as well we should be. America is being taken over from within and we are allowing it to happen by our own inactivity and apathy.

    But this is a plan by design and implemented over time by the Power Elite to wear you down to exhaustion and then steal everything for which you’ve worked for the last 20-30 years—including your home.

    I think you can get some of it back if you fight. Fight like Mad Dogs and Englishmen in the noon day sun!

    Don’t allow this fraud to continue. Be Active and be Proactive. I don’t want to get into politics here but realize we have a One Party System.

    Locate your own state representative and write to them expressing your own feelings on the issues. On fedupusa org , there is a section in the left hand column on the landing page which has a subheading called Contact the Government.

    Open it and you’ll find your own state representatives and their addresses and telephone numbers.

    Then, purchase a package of self sealing business envelopes, and pre address them to all your representatives and to people like Eric Schneiderman of New York.

    Write to all the attorney generals if you can. I have a label printer called DYMO and if you buy one or something similar, you can load all these addresses into it and simply print out the addresses saving much time. So often, we don’t do things because we’re not organized—personally and as a group.

    We need millions of people to RESPOND: Write, CALL and FAX. Today’s date: Dear Representative, Senator or AG: I adamantly and vehemently oppose any deal you might contemplate which allows these reprehensible banks escape their fraudulent mortgage activities with a paltry fine and immunity. Enough is enough.

    The American people want justice and if you attorney generals, and State representatives, allow them to escape without exposure from those they have harmed, you are allowing an injustice on a scale this country called America has never before seen. You will be equally as guilty in the downfall of America. Signed: Your name

    I want you to go there and find your state representatives and write them a letter and tell them how you feel and WHAT YOU WANT. We are going to start a simple website titled :

    United We Will Stand.org. We will have letters which you may use if you choose.

    There are two separate areas of malfeasance being perpetrated not only on Americans but on the world.

    One area is the manipulation of gold, silver and the Precious metals complex and the other is of course the Mortgage Fraud initiated by the banks and servicers.

    Again:
    The Financial Markets and the Mortgage Markets Simply put both markets are being run by while collar criminals and this will have serious implications on the future of America much more than it already has.

    What the very vocal group of gold bulls are not getting is that they’ve lost around $20 billion dollars while the American homeowners have lost 20 trillion dollars in equity and value. Some of the same people involved in both markets are getting a double fix of fraud and manipulation.

    My theory is that this is not a coincidence. Wear down the people, stress them out, and they’ll be too tired to fight back. They won’t have the money to hire attorneys. The judges are either ignorant of the facts or will be “bought off”. And the banks have 17-20 lobbyists for each representative in Congress. The American Homeowner has basically none.

    We are going to have to be our own lobbyists. The time to commiserate is over. The time for action is now. My mama always said that ACTIONS SPEAK LOUDER THAN WORDS.

    We need to begin by writing to our congressman and our representatives who frankly don’t give a flying leap about how many homeowners are distressed or how much the gold market is manipulated. All they care about is re-election and that is their Achilles heel. They care more about money because it is the mother’s milk of politics. So boot them out if they don’t change their tactics immediately.

    We have taxation without representation. Our representatives are not listening to us. Truly, they do not care unless you make them care. You make them care by voting for Fido the Dog over them if you have to.

    We are going to offer lists of people who are influential in both markets but of course the mortgage fraud must be addressed before this country can move forward.

    The Obama administration wants to make a deal with the banks and have the state AG’s agree to a paltry fine and total immunity. Again– Don’t let this happen. This is bigger than the sum of its parts. You allow this to happen and you allow America to go down in flames the way Nazi Germany went down.

    Whether you own a home or not, you need to contact your representatives and explain the situation over and over and over. B e personal, be professional, be specific. But most of all, “BE”! Do Something—TODAY!

    I want you to remember two words CRITICAL MASS; which is a point of change, the size or amount of something or some persons that is required before an activity can take place. It is also the necessary number of people required before a significant change can take place.

    If we don’t start to let our voices be heard, we are doomed pure and simple.

    We are fighting the Revolutionary war of 1776 all over again: Taxation without Representation and a separation from the Power elite so we can create our own destinies.

    United We Will Stand

  35. For your consideration, something I just posted on Livinglies:

    If the TURNCOAT Obama administration can pressure the AG’s to look the other way while massive crimes are being committed, why can’t WE do the opposite?

    Why do we have to be at the mercy of the AG’s deciding to not do their jobs and strike “deals” with these criminals, instead?

    Why would it not be effective for tax paying citizens in each state to be co-plaintiffs in mandamus/prohibition actions against their respective AG’s to legally FORCE them to do their jobs of NOT striking improper deals with criminals, but instead to properly investigating and prosecute these crooks?

    We know of exact, particular crimes, at a minimum, such as the doc forging (aka “robosigning”) where no investigating is even needed as the evidence is just sitting there. We even have the congressional report that puts CONGRESS on the record as to this stuff being civil/criminal violations.

    Taking the “act of Congress” tack, and If this is viable, we should also look at a mandamus action against the individual state legislatures to act similarly and get on the record as to the illegallity of the pretenders actions, based on the laws THEY passed.

    WHAT MORE DO WE NEED?

    I would think thousands of co-plaintiffs per state in such actions could grind this theft/giveaway to a halt rather quickly.

    My understanding is that in addition to the NY AG, there are a few others that favor going after the bastards, so who better to contribute to structuring of a lawsuit that forces state AG’s to do their jobs, than state AG’s?

    Seems the only decision is whether to file individual actions – some state, some federal to see what works best and in anticipation of some getting kicked, or one federal class action with a few million co-plaintiffs from all across the country.

    I’ve been contemplating same to force the clerk of court in my county (I’m in GA; non-judicial) to go after MERS for the filing fees.

    Also, in cases of obvious forgeries in the chain of title, and proof of same having been presented to the attorney firm facilitating the foreclosure sale, have the bastards arrested on the steps if they even START to cry out a property they know they have no legal right to sell.

    While I’m thinking about SUING THE BASTARDS…I haven’t read anything about using “unjust enrichment” counts in the ongoing cases being filed against the pretenders, to force discovery of the money trail as well as defeating the “deadbeat homeowner aura” by forcing them to show in black and white what compensation these crooks have already received on these properties, and thusly, whom the REAL deadbeats are.

    Back to the AG’s: I’m not a lawyer, but do a little of my own legal work (yea, yea, yea…I stayed under a dumpster lid at a Holiday Inn Express last night) and am personally aware of the power mandamus and prohibition have over “public officials”.

    It’s pretty simple law; I could have an action filed in a couple of days, need be, and don’t see why a consensus between all of the “foreclosure defense” groups across the country, which communicate with each other already, could not be reached in a matter of DAYS as to the details of how to file it, whether it be state/federal/separate actions or one federal action, and to be filed in by the end of next week, all across the country, with the NY AG leading the charge.

    WHY NOT?!?!

  36. zurenarrh I like Leonard Cohen’s music AS King Solomon said “Nothing
    new under the sun”

    I still believe in the American People. We shall overcome.

    “Be Strong and Courageous”

  37. I dont know. Have you ever seen a person on death bed. Just before they die they get strong and then collapse.

    There is news that the Utah Attorney General is gonna put a hold on foreclosures.

    Obama already knows he is not reelection material. The only hope he has is to get the billion dollars and it aint coming from us. Very bad decision by the underqualified President.

    Warren Buffet puts $5Billion into BAC. Well the stock went up for a minute and is now on its way down.

    NEVER AGAIN.

  38. It’s like the Leonard Cohen tune said: “Everybody knows the fight was fixed/the poor stay poor and the rich get rich/that’s how it goes/and everybody knows.”

  39. One Response to California authorities sue law firms for mortgage fraud

    Corey says:
    August 24, 2011 at 11:47 am
    I have a problem with what just happened. I listened clearly as to what was said in that video, and I have done some research. I am finding this to be a bunch of BS on behalf of the AG, and HUD. Not once did I hear anyone of them say that this isn’t a legitimate lawsuit! I have checked and I see that they are currently cases that are being heard in both state and federal courts.

    So I ask, how is it fraud? It would be fraud if they took money and never filed a case. It looks like they have sued for everything that was in “advertising”! I mean tell me if I am wrong. From what I have been able to find out, some people have actually settled and have been removed from the lawsuit! This is the mortgage fraud dept of the AG’s office right? So why are they going after people who are helping the homeowners who the mortgage fraud was committed against? Why are they not going after the banks for predatory lending? For illegal foreclosures, for forging documents, for taking all of that Tarp money and not helping with the loan modifications, for causing this mortgage crisis? HUD will help for free to do what? Please tell me because they haven’t helped anyone I know! Or anyone I have seen on the news or online. And don’t even get me started on MERS…..Lenders stole Billions in recording fees… And these mortgage fraud task forces haven’t charged non of them responsible. To me it looks like they want to deter other lawyers from getting mass lawsuits against these banks on behalf of the homeowners. They know that we can do nothing against them on our own except lose our homes and the thousands of dollars we have invested in them. I feel that these AG’s and government officials are full of BS. For reasons I guess I am not BIG enough or Important enough to understand, the government is helping the banks. Mark my word, they are going to grant these Banksters amnesty. And the homeowners are going to get a knock at the door from the sheriff’s office.

    I asked a few attorneys how much would they charge me to sue my lenders and the cheapest I was told was 35k plus cost. I was informed that the banks have deep pockets and they would basically out spend me and my case would never make it to court. So to spend 5k to pool my money with a bunch of other people in my situation so that we can make it to the end…Win or lose! I am willing to do. I can’t sit here and do nothing. I like everyone else needs to fight back!!!!!!!!!!! So, if there is another law firm who is currently suing banksters and has cases already filed in court please let me know! It’s a shame that they might have to sue the government (politicians) too for being in cahoots with the banks (banksters. Right now it appears that us homeowners don’t have a fighting chance! I’d hate to not have joined this case and they win. Then I get nothing and lose my home! Thanks AG & HUD! I think it would be different if your homes were in foreclosure like the rest of us!

  40. Kathryn Wilde works for the non-profit, Partnership of New York City. They support Wall Street. So, this woman is on the board of the NY Fed AND she runs a non-profit strictly to support Wall Street.

    I think I’ve said enough.

    Other than, Tom Miller needs to step down.

  41. I hope he doesnt give in.These banks, these wall street freaks and low life servicers deserve to be punished. And all these families that lost there house should get them back free and clear.These rich freaks messed up the paper work on these loans it’s to bad for them the stupid government will pay them back in triple Don’t give in Mr Schneiderman and all the other smart attorney generals

  42. The government is protecting the criminals for big campaign donations. Now is the time for every home owner to sue the banks

  43. Mr Schneiderman, Please hold your ground and claim your stand .
    Millions of home owners are counting on you !

  44. If the TURNCOAT Obama administration can pressure the AG’s to look the other way while massive crimes are being committed, why can’t WE do the opposite?

    Why do we have to be at the mercy of the AG’s deciding to not do their jobs and strike “deals” with these criminals, instead?

    Why would it not be effective for tax paying citizens in each state to be co-plaintiffs in mandamus/prohibition actions against their respective AG’s to legally FORCE them to do their jobs of NOT striking improper deals with criminals, but instead to properly investigating and prosecute these crooks?

    We know of exact, particular crimes, at a minimum, such as the doc forging (aka “robosigning”) where no investigating is even needed as the evidence is just sitting there. We even have the congressional report that puts CONGRESS on the record as to this stuff being civil/criminal violations.

    Taking the “act of Congress” tack, and If this is viable, we should also look at a mandamus action against the individual state legislatures to act similarly and get on the record as to the illegallity of the pretenders actions, based on the laws THEY passed.

    WHAT MORE DO WE NEED?

    I would think thousands of co-plaintiffs per state in such actions could grind this theft/giveaway to a halt rather quickly.

    My understanding is that in addition to the NY AG, there are a few others that favor going after the bastards, so who better to contribute to structuring of a lawsuit that forces state AG’s to do their jobs, than state AG’s?

    Seems the only decision is whether to file individual actions – some state, some federal to see what works best and in anticipation of some getting kicked, or one federal class action with a few million co-plaintiffs from all across the country.

    I’ve been contemplating same to force the clerk of court in my county (I’m in GA; non-judicial) to go after MERS for the filing fees.

    Also, in cases of obvious forgeries in the chain of title, and proof of same having been presented to the attorney firm facilitating the foreclosure sale, have the bastards arrested on the steps if they even START to cry out a property they know they have no legal right to sell.

    While I’m thinking about SUING THE BASTARDS…I haven’t read anything about using “unjust enrichment” counts in the ongoing cases being filed against the pretenders, to force discovery of the money trail as well as defeating the “deadbeat homeowner aura” by forcing them to show in black and white what compensation these crooks have already received on these properties, and thusly, whom the REAL deadbeats are.

    Back to the AG’s: I’m not a lawyer, but do a little of my own legal work (yea, yea, yea…I stayed under a dumpster lid at a Holiday Inn Express last night) and am personally aware of the power mandamus and prohibition have over “public officials”.

    It’s pretty simple law; I could have an action filed in a couple of days, need be, and don’t see why a consensus between all of the “foreclosure defense” groups across the country, which communicate with each other already, could not be reached in a matter of DAYS as to the details of how to file it, whether it be state/federal/separate actions or one federal action, and to be filed in by the end of next week, all across the country, with the NY AG leading the charge.

    WHY NOT?!?!

  45. Please everyone, take a moment to email and support NY AG Eric Schneiderman and tell him NOT to back down from Obama and the banks! This affects us nationwide and every home that was securitized! If he gives in, he will be giving in to the banks and the fraud they committed on all of us!

    Send him an email with “Don’t give in” in the subject line.

    http://www.ag.ny.gov/online_forms/email_ag.jsp

  46. There is a line and you are either on the “blue collar” side or the “suit” side. There is no in between. I pains me to say so, but it is clear now that these big banks, wells fargo being one, will do whatever they can get away with to take your money. Lie, cheat, and steal. Decieve. There is no desire on the banks part to help the struggling economy if that means giving the average man a break. I wish someone could explain to me why, if the the difference between being able to make the house payment or not, is dropping the interest rate from 11% to 6% can’t be done. A difference of 5% but W.F. would still be making 6% on the loan. Plus the value of the home has fallen a full 27%, so what is owed on the house far exceeds the value now. (property taxes have stayed constant btw.) Isn’t 6% for 40 years enough money for the bank. Chapter 7 looms. The question that bothers me is, does the bank have any REAL investment in the property? Or is this just some bookmakers idea of monopoly?

  47. Wylde and Tom Miller are more crooked than a corkscrew. Treasonists !!!. When will the uprising begin ???

  48. Please don’t let this “Woman” overpower the Truth that is overwhelmingly prevalent in the actions of the Bank of New York, (Countrywide’s Financial Holder) and Bac Home Loans servicing—thier created subsidiary Recontrust, and then thier self-made Realty and Trust Companies. Jeez! What does it take to see “wrong” here!?

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