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“ROYALTY” FEES FOR USE OF THEIR NAME UNDER SCRUTINY

EDITOR’S COMMENT: Investors are starting to get restless as they see what is left of their “equity” in the MBS deals they advanced money to buy, dwindling to zero. They are onto the game and the pension fund and other fund managers responsible for the purchase had best start acting to protect their pensioners or they will find themselves in the same position as the so-called trustees of what are now emerging as non-existent trusts for pools of money that have nothing but the investor money in them as assets and no loans.

Let’s first get our terms straight so you know who the players are and what they do. Start at the beginning:

  1. Working people get a pension benefit that vests to them after a certain number of years of employment. Sometimes they contribute to the fund themselves, and sometimes it is entirely funded by their employer. 
  2. Those contributions are then aggregated into a fund which often is an entity unto itself — like  a corporation, LLC, Trust etc. organized and existing under the laws of the state where the pension fund is located.
  3. A fund manager is hired to invest those funds to assure that the balances keep up with inflation and so forth. Usually there are restrictions as to what kind of investments the fund manager is allowed to buy for the fund, whose purpose is to give the pensioners, the monthly payment they are expecting when they retire. 
  4. The hired fund manager could be an individual or a company. If it is a company then some person who works at the company is appointed to take care of that fund and perhaps some others.
  5. Usually when the media speaks of “investors” they mean the pension funds or other types of funds under management that constitute qualified investors because they are professionally managed by people of financial sophistication and they have a lot more money than the average Joe so they can check things out pretty carefully. When you have $1 billion under management, it doesn’t take much to spend $50,000 checking out a potential investment. 
  6. So “investors” are basically conduits through which the money funding pensions and the money paying pension benefits are processed, managed and invested. The real people who are affected by the performance of the fund manager are those people who worked for their pension benefits.
  7. The fund manager is usually paid for performance and hired and fired on the same basis. If the fund balances are properly maintained and the investments are all AAA and were checked out by the fund manager, they avoid most of the tricks and scams that Wall Street is always generating.
  8. So the fund manager, in order to preserve his employment, compensation and bonuses (everything on Wall Street is about bonuses) has a vested interest in managing the information that reaches the media and members of the fund. If there is a Board of Directors or other overseeing body they should be checking under the hood as well to make sure that the fund manager is investing according to the rules and make sure that the fund manager is not embezzling funds.
  9. Thus fund managers who invested heavily into MBS Mortgage Bonds or other MBS products that carved up and pooled debts arising from student loans, credit cards etc, all with AAA ratings from the rating agencies, are now sitting on some liabilities that they don’t want to report because if they do, then they will probably lose their bonus, job or other compensation.
  10. Enter the MBS Trustee seen often as Deutsch Bank, as Trustee for series abcnde-2005a. As Reynaldo Reyes has stated in taped interviews, the function of Deutsch Bank is to do nothing. Only the servicer calls the shots, along with instructions from other entities created by the investment banks in order to put layers between them and the acts that caused all this mess. See organized crime structure as the model for what Wall Street did. 
  11. The fund managers for the pension funds (investors) are actually representing real people who are expecting their pension benefits. So now some of them are looking to the MBS Trustee to ACT like a Trustee and ACT like they care what happens to the investors (pension funds) and all the pensioners depending upon that fund. But the same disdain and contempt that has been shown to homeowners in foreclosure is being displayed against the pensioners. They are the “little people” who in the culture of Wall Street “don’t count.”
  12. Many fund managers were duped by several attributes of these bogus MBS Bonds. The AAA ratings were a big factor as was the presence of the largest banks in the world acting as “Trustees.” The Trustees’ deal with Wall Street was to get paid a fee so their name could be used in foreclosures and other transactions. That is why the actual Trust Departments of the same banks serving as MBS Trustees don’t have anything to do with the MBS Trusts. Besides the fact that the Trusts probably don’t exist at all, the deal was that the MBS Trustee would be completely insulated from all the actual workings of the securitization chain.
  13. Recent case decisions are pointing  the way toward holding the MBS Trustees liable for their inaction. That is what Biden And Schneiderman are looking into as well, to see if laws were broken with those deals. Of course laws were broken. The MBS Trustee was advertised as a Trustee with fiduciary duties. Neither the Trust nor the duties actually existed, and even if they did the MBS Trustee had no intention of doing anything because that wasn’t the deal. [You might want to look at both the original Trustee on Deed of Trust and the “substitute Trustee” for additional potential liability — to borrowers.]

At the end of the day, everybody knows everything. I first heard that on Wall Street of all places but they keep forgetting their own little axioms. The MBS Trustees like Deutsch, US BANK, etc. have long been known to be doing absolutely nothing. The purpose of using their name was to provide window dressing: a big name like HSBC is more likely to be taken seriously than some unknown title agent, which is why in the non-judicial states that ALWAYS have a substitution of trustee. The other reason is that the original trustee would insist on performing the due diligence that the statutes require and oops, they are not going foreclose on property at the instruction of someone who is out of the chain of title.

Biden of Delaware and Schneiderman of New York, both Attorney generals in the center of the securitization playground, are now looking at one of the weakest links in the Great Securitization Scam — i.e., the claim that securitization happened when it didn’t. The fact is that the parties took the money as though the securitization documents were followed but they didn’t have the the loans, transfer documents, mortgage documents, or for that matter even a conforming mortgage that was an actual lien on anyone’s property.

Pauley’s BofA MBS ruling is boon to New York, Delaware AGs

10/25/2011 COMMENTS (0)

In 1998, 400 investors in a trust that distributed revenue from a communications satellite got word that their securitization trustee had settled a $41-million suit against the satellite’s fuel supplier. The trustee, IBJ Schroeder, filed a New York State Article 77 proceeding to obtain a judge’s endorsement of the $8.5 million settlement. Some of the investors protested the deal, arguing that the trustee didn’t have the power to settle the case without consulting them. In 2000, a New York appeals court ruled that, in fact, IBJ Schroeder did have that power, under both New York law and the contract governing the satellite revenue trust. The lower court ultimately ruled in the Article 77 case that even if investors considered the settlement amount too low, Schroeder hadn’t acted unreasonably or imprudently in striking the deal.

If you’re wondering why I’m telling you about an 11-year old ruling involving a defunct communications satellite, it’s because the IBJ Schroeder opinion is sure to be invoked by Bank of New York Mellon, the trustee of those Countrywide mortgage-backed securities, as well as the 22 Countrywide MBS investors represented by Gibbs & Bruns as they appeal last week’s decision by U.S. District Judge William Pauley III of Manhattan federal court. In holding that the federal courts have jurisdiction over Bank of America’s proposed $8.5 billion settlement, Pauley took issue with BNY Mellon’s use of an Article 77 proceeding to get the deal approved. The judge wrote that Article 77 is usually employed to resolve garden-variety trust administration issues; BNY Mellon and Gibbs & Bruns will use the IBJ Schroeder ruling to argue at the U.S. Court of Appeals for the Second Circuit that, contrary to Pauley’s assertion, there’s precedent for using Article 77 exactly as they did in the BofA MBS case.

But even as the Second Circuit decides whether to take up the issue of the rights and responsibilities of securitization trustees, state attorneys general are likely to pounce upon some of the language in Pauley’s 21-page ruling. I warned that there might be unintended consequences for indentured trustees when the judge asked for briefing on the BNY Mellon’s duties. After Pauley’s ruling, that warning is now a red alert. New York attorney general Eric Schneiderman and his faithful follower, Joseph Biden III of Delaware, have both announced that they’re investigating MBS securitization trustees. Schneiderman showed he’s serious by filing state-law fraud claims against BNY Mellon along with his petition to intervene in the BofA Article 77 proceeding. In his complaint against BNY, Schneiderman argued that once an investment goes south, as many of the MBS trusts have, the indentured trustee has a fiduciary duty to trust beneficiaries under New York common law.

BNY Mellon’s lawyers, on the other hand, argued in a brief to Pauley that an indentured trustee does not have a fiduciary duty to beneficiaries. The investment contract, BNY Mellon said, governs the trustee’s responsibilities. Standard securitization contracts, known as pooling and servicing agreements, say the indentured trustee serves a ministerial function, mostly making revenue distributions to investors. BNY Mellon told the judge that its only responsibilities, aside from those specified in pooling and servicing agreements, are common law duties to avoid conflicts of interest and to exercise due care.

The judge, however, took a broader view of the source of the trustee’s responsibilities — and that’s good news for regulators who are trying to find routes to liability for securitization trustees. Pauley considered the question in the context of determining whether the proposed BofA settlement falls into an exception to federal court jurisdiction in the Class Action Fairness Act. But his reasoning, of course, can be cited in other contexts.

Pauley cited Judge Learned Hand — who sat on the same court a century ago — to conclude that indentured trustees can’t evade a duty of loyalty to beneficiaries just because their responsibilities are defined by a contract. BNY Mellon had asserted its only duty to act in good faith came from the Countrywide pooling and servicing agreements. Pauley said it comes instead from state common law. As New York and Delaware regulators consider causes of action against securitization trustees, they’re going to have stronger claims if they can argue that trustees breached their state-law duties to investors. Similarly, trustee defenses are weakened if they can’t argue that their responsibilities were strictly defined by pooling and servicing agreements.

The New York and Delaware AGs are in an awkward limbo right now in the BofA MBS litigation. When Grais & Ellsworth removed the case to federal court, their intervention petitions were pending before Judge Barbara Kapnick in New York State Supreme Court. (BNY Mellon and Gibbs & Bruns, you may recall, filed fiery briefs opposing the N.Y. AG’s intervention.) The AGs stayed out of the federal court case while Pauley decided whether to remand it. But now they’re likely to renew their intervention petitions before the federal court judge, who has already raised a lot of the same questions as the AGs about the fairness of a binding settlement that was reached without consulting most of the investors it will affect. (The New York AG’s Martin Act counterclaim against BNY Mellon, in case you’re wondering, can technically proceed in federal court as well.) As I’ve said before, it’s too soon to say for sure that the proposed settlement will stay with Pauley. But if it does, invigorated attorneys general are the last thing BofA, BNY Mellon, and the Gibbs & Bruns group need.

(Reporting by Alison Frankel)

Follow On the Case on Twitter: @AlisonFrankel

Follow us on Twitter: @ReutersLegal

28 Responses

  1. AMERICAS SERVICING CO
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  3. DOES ANYONE GET IT YET?
    THE BORROWER IS NOT YOU!!!
    THE BORROWER IS THE ‘MORTGAGE BANKER’

    YOU ARE SIMPLY SOMEONE WHO PROMISES TO PAY OBLIGATION OF A THIRD PARTY.

    ALL PROPERTIES ARE REAL ESTATE OWNED
    SECRET CLOSING ‘TITLE COMPANY & REAL ESTATE LAWYERS (THE SECRET SPECIAL KIND) ‘ARE SECURITIZED’ THE DEED OF TRUST ‘TRUSTEE’ THE ‘INVESTOR’ IS THE LEGAL HOLDER OF TITLE….

  4. I read somewhere that Freddie Mac approved of a program that RELS has for determining factors relating to loan fraudification, oops modification…. I also read that RELS was making appraisers come in with specific (false) numbers for any appraisal dealing with a modification, and if they didn’t, they would never get business with RELS again. In response to this, appraiser’s were actually filing suit against the company because of this. This of course is all in relation to anyone dealing with Wells Fargo. They (RELS) pulled our credit reports 3 times in six months for our “modification” oops again. I meant when WF was foreclosing on us under the guise of a modification. I can’t wait to file my complaint with the OCC. And them some. The only way I am leaving my home is in a body bag. Game on WF.

    It’s all BS. All of it.

  5. joann trustee is fancy word for ‘correspondent lender’ and/or title company agent, dealers, brokers, distributors

    ‘us bank na’ as trustee from power of attorney of
    premier asset services

    ‘wfhm’ and ‘rels title’ aka ‘ati title’ in strategic partnership
    with qualified intermediary

    WFHM dba RELS TITLE and First American Exchange Company (1031 Exchange) IXPCo.

    A Qualified Intermediary SERVICES and requires warehouse lenders and servicers to affix MERS for life of loan.
    PREMIER ASSERT (SM) SERVICES
    7495 NEW HORIZON WAY, FREDERICK MD 21703
    http://WWW.PREMIERREO.COM

    RELS TITLE and First Ameircan Exchange give good title dba
    SFJV-2000-1, LLC
    SFJV 2003-1, LLC
    SFJV 2004-1, LLC
    SFJV 2005, LLC
    RBO Management 2002, Inc.
    REO Management 2003, inc.
    REO Management 2004, Inc.
    REO Properties Corporation
    LaSalle Bank, N.A.
    Property Asset Management, Inc.
    US Bank NA
    Liquidation Properties Inc.
    Wells Fargo Financial
    The Bank of New York
    FV-1 Inc.
    HSBC Bank USA, NA
    DLJ Mortgage Capital, Inc.
    Cititgroup Global Markets Reality Corp
    HomeComings Financial Network< inc.
    Deutsche Bank National Trust Companyh
    HSBC Bank USA, NA
    Wilmington Trust Company
    The Bank of New York Trust Company, NA, Bank of America, N.A.
    UBS Real Estate Securities, Inc.
    Hudson City Savings Bank
    Wachovia Bank,

    CERTIFYING OFFICERS listed Page 1
    'CERTIFY' FOREGOING IS A TRUE COPY OF A RESOLUTION DULY ADOPTED BY THE BOARD OF DIRECTORS OF SAID CORPORATION ON 20TH DAY APRIL 2002, WHICH IS IN FULL FORCE AND EFFECT ON THIS DATE AND DOES NOT CONFLICT WITH CERTIFICATE OF INCORPORATION OR BY-LAWS OF SAID CORPORATION.

    Cindy Moldovan 'Assistant Secretary' 5/29/08
    Rachel A. Hoover Notary Frederick County Maryland

    WHY WOULD 'MELANIE HOPKE' CREATE AND SIGN DEED FOR 'RELS TITLE' ?

    LIST OF CANDIDATES ARE EMPLOYEES OF 'WELLS FARGO BANK NA DBA PREMIER ASSET SERVICES
    ARE HEREBY APPOINTED AS ASSISTANT SECRETARIES, ASSISTANT VICE PRESIDENTS AND VICE PRESIDENTS. THESEINDIVIDUALS ARE AUTHORIZED TO:

    EXECUTE LISTING AGREEMENTS
    PURCHASE AND SALE AGREEMENTS
    GRANT/WARRANT/QUIT CLAIM DEEDS OR ANY OTHER DEED CAUSING THE TRANSFER OF TITLE OF THE PROPERTY
    TO A PARTY CONTRACTED TO PURCHASE SAME
    ESCROW INSTRUCTIONS AND ANY AND ALL OTHER ANCILLARY DOCUMENTS NECESSARY TO EFFECT THE SALE AND TRANSFER OF SUCH REAL PROPERTY ON BEHALF OF
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    ATTORNEY IN FACT

    AND ALL OF THE 'ABOVE' ENTITIES MAY REPLACE THEIR NAMES FOR WELLS FARGO BANK NA AS 'AFFILAITES'

    47 NAMES, SOME REPEAT ON PAGE 2

    Page 2

    THE 'OFFICERS LISTED BELOW DO HAVE THE AUTHORITY TO SIGN DEEDS AND RECORDABLE DOCUMENTS:

    TAMARA SWAIN VP (ON LINKED IS THAT THE SAME EVP? WELLS FARGO HOME MORTGAGE DIV WELLS FARGO BANK NA?

    JODI CORNISH VP (ON LINKEDIN WFHM)
    DIXIE TEAGLE VP
    MELANIE BURKETTE VP
    DANIE T. NONEMACHER AVP
    MELANIE BYCROFT AVP
    LYNN CARDER AVP
    ANN NILES AVP
    JENNIFER SHARP AVP
    ANNETTE PABSON AVP
    MIKE HOJNOWSHI AVP
    RODNEY DABBONDANZA AVP
    JOSE X PINTO AVP
    JEFF GRIESSINGER AVP
    CHRISTY TISKA AVP
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    MELINDA GARROTT AVP
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    TRACY NELSON ASSISTANT SECRETARY
    CINDY MOLDOVAN ASSISTANT SECRETARY
    BONITA SHUGARTS ASSISTANT SECRETARY
    JULIE WELTER-SMITH ASSISTATN SECRETARY
    LAURA STANG ASSISTANT SECRETARY
    DONTA KIEFFER ASSISTANT SECRETARY
    LEAH BRUCHEY ASSISTANT SECRETARY
    MIKE MILLER ASSISTANT SECRETARY

    WELLS FARGO DBA PREMIER ASSET SERVICES 'POA' letter on Google and if disappears on Squidd

  6. And this explains why, knowing what we now know and has been demonstrated ad nauseam about bank fraud, anyone who keeps on paying his mortgage is being stupid. There no longer is any rational to sending money to any servicer until same proves that 1) money is owed; and 2) it is owed to him.

    Stop paying your mortgages, close your bank accounts and see what happens. And since our government is intent on using our tax dollars to keep bailing out banks, let’s stop paying taxes altogether.

    It is our money, for Pete’s sake! We have the right to dictate to government where we want it to go!

  7. Some of this explains why MERS chose to call itself the nominee and not the agent of the principal. “Agency” comes with liability and goes right back to the principal without much argument.

  8. In the Nosek case, there was no allegation of agency or poa one way or another. An unauthorized party was simply taking actions it couldn’t and shouldn’t and the someone who should have known of the actions did nothing.

  9. @bytheway – good question. It’s hard, actually impossible, for us to answer questions like that. We don’t know for whom if anyone the servicer ever purports to act because the record 1) never discloses that information (who is the alleged principal) and 2) the record never discloses any documentation which would define the servicer as a party to act for anyone else. In that absence of the existence of such an agreement and the disclosure of that agreement whereby the servicer alleges it gets its authority, the servicer has no authority to act.

    What is a “record”? A record is that which is available to scrutiny because it has in some forum or another been disclosed/made evident. Has the servicer recorded or otherwise provided the document, like an agency agreement, poa, etc. which evidences its legal authority to act for another? Any agreement which gives anyone authority to act for another in regard to title or interests in real property must be in writing pursuant to the statute of frauds. A power of attorney and an agency agreement must both be in writing. When the “record” is devoid of any evidence of such authority, there is no authority, at least none which can be relied on.

    When the servicer says I’m the servicer and I am now the master in regard to this loan, if the “record” does not disclose this authority, the
    servicer is not.

    About nailing the alleged principal – the noteowner – for the actions of
    the servicer or anyone allegedly acting for the principal: A principal generally may only be nailed for the acts of its agent or its poa which fall within the parameters of the acts authorized by the principal. If a poa or an agent acts outside that authority, generally the principal will not be held to account. But, like most things, there are exceptions. If a principal knows or should know its agent or poa is acting outside its authority, the
    principal can be nailed. Like in the Nosek (MA) case. The court sanctioned FNMA (think it was) for allowing Wells Fargo (again I think it was) for allowing WF to claim it owned the note and was the real party in interest. The court said FNMA should have known of WF’s acts.

    Similarly, if a principal knows of unauthorized actions when there is no agency or poa, etc. taken by others in its name and does nothing, he can be nailed.

  10. I have found a that there is a truly a difference between the Government, Wall Street, the Banks,and Prostitutes…At least the prostitutes are honest.

  11. Humm- So when a MBS attempts to foreclose on a borrower…where the Loan Servicer kept the borrower in the loan modification and short sale process for years; to later deny the borrower…and the servicer advises foreclosure. how do you hold the MBS trust accountable for the B.S. the Loan Servicer did…if, as this article says, the loan servicer was actin alone…with no direction and knowledge of the MBS?

  12. @Johngault

    I’m reading what you wrote and the more I read and the more enraged I become.

    “In this case, Flagstar was and always has been the foreclosing party. MERS assigned its interest (what would that be, pray tell? -sic) in the mortgage to the note holder. The defendant lacks standing to challenge the assignment as the defendant was not party to the assignment. The only party that may object to the language of the assignment is MERS or Flagstar Bank. Because defendant is not a party to the assignment, the defendant cannot challenge the assignment. Further, the Defendant expressly allows MERS to assign the mortgage at any time without notice per the mortgage itself.”

    I don’t know that case but what I am thinking is this:
    If Flagstar is and has always been the foreclosing party, is there any indication that the alleged assignment was pre-dating the foreclosure filing and that, at some prior point in time, the homeowner was notified of the assignment? Is there even an indication that he made ONE payment to Flagstar before defaulting and that Flagstar pocketed the money? If such were the case, it would seem to me that Herkel became a party to the assignment inasmuch as his money changed hands. I think I would explore that angle if i were Herkel in terms of “My money was good enough to pay for an assignment I was allegedly not a party to BUT Flagstar having pocketed it is not good enough to allow me to question said assignment?” Banks will play both sides of the issue but I am absolutely confident that the cows will come home eventually. It is a question of questioning absolutely everything banks/MERS/servicers allege and argue.

    It takes a lot of work. It ruins lives. I, myself, spend more time researching these damn issues than I can spend actually making a living and restoring somewhat of a stability to my finances, my life, my mind. And for that, I will NOT settle, I will NOT agree on any modification and I will go all the way to trial.

    Sheesh…

  13. Oops – sorry, gotta clarify that. The assignment is crap, but if the court upholds the assignment, that’s when it must find the bifurcation.

  14. Now look at what the banksters are claiming. I’m surprised we’re all sane given the bs we have to listen to spewing from their cess-pool chops.

    On October 12, 2011, The Washington Independent reported on a case
    involving a fellow named Hertel, MERS, Flagstar, and FNMA. The borrower was objecting to the assignment by “MERS” read-member-self-
    assignment. The banksters have developed a new strategy, and now allege the homeowner has no standing to argue the
    assignment! Clearly that gang does not want scrutiny of these self-assignments done in MERS’ name and this is likely a result of the court’s ruling in Koontz (IND) (remember, their network attorneys are very organized) wherein the court, having been apprised that the assignment
    was executed by an employee of the movant and not an employee
    of MERS, threw it out with undisguised contempt for the act. When properly scrutinized, these illegitimate assignments are indefensible, so here is what the banksters said in Hertel:

    “In this case, Flagstar was and always has been the foreclosing party. MERS assigned its interest (what would that be, pray tell? -sic) in the mortgage to the note holder. The defendant lacks standing to challenge the assignment as the defendant was not party to the assignment. The only party that may object to the language of the assignment is MERS or
    Flagstar Bank. Because defendant is not a party to the assignment, the defendant cannot challenge the assignment. Further,
    the Defendant expressly allows MERS to assign the mortgage at any time
    without notice per the mortgage itself.”

    What I’m trying to say is these guys will say anything and this is just one more example. Now that at least one court has said get lost on a self-assignment, this is the ploy.

    An assignee receives no greater interest than that of the
    assignor. MERS had no interest to assign, never minding the patent
    illegitimacy of a “MERS’ assignment otherwise.

    In another case, the typically stupid dot trustee left out legally required info in a Notice of Default and that omission should have been fatal to the NOD. So what did the bankster do? Came up with a letter to the borrower from the servicer six weeks (stale info) before the NOD containing that info and claims this cuts it. So now we not only have dot trustees acting as collection agents for anyone who will pay them, they are trying to erode the Notice of Default. Allowing this to stand will be another intolerable outrage. I think I’m gonna picket that court if that happens. No kidding. (Hey, now there’s a thought) This is how it’s done – the homeowner / consumer rights are whittled away little by little. Neither case is over, (altho so far the judge has accepted the stale letter) so I don’t know how the courts will ultimately rule.
    There’s an interesting hearing coming up in yet another case next month. Some trust allegedly owns the note and one of the MERS-member self-assignments of the dot is involved. It was self-assigned to the servicer. The homeowner is arguing that the note and dot are bifurcated, because they ARE. (title-theory state)

  15. joann trustee is fancy word for ‘correspondent lender’ and/or title company agent, dealers, brokers, distributors

    ‘us bank na’ as trustee from power of attorney of
    premier asset services

    ‘wfhm’ and ‘rels title’ aka ‘ati title’ in strategic partnership
    with qualified intermediary

    WFHM dba RELS TITLE and First American Exchange Company (1031 Exchange) IXPCo.

    A Qualified Intermediary SERVICES and requires warehouse lenders and servicers to affix MERS for life of loan.
    PREMIER ASSERT (SM) SERVICES
    7495 NEW HORIZON WAY, FREDERICK MD 21703
    http://WWW.PREMIERREO.COM

    RELS TITLE and First Ameircan Exchange give good title dba
    SFJV-2000-1, LLC
    SFJV 2003-1, LLC
    SFJV 2004-1, LLC
    SFJV 2005, LLC
    RBO Management 2002, Inc.
    REO Management 2003, inc.
    REO Management 2004, Inc.
    REO Properties Corporation
    LaSalle Bank, N.A.
    Property Asset Management, Inc.
    US Bank NA
    Liquidation Properties Inc.
    Wells Fargo Financial
    The Bank of New York
    FV-1 Inc.
    HSBC Bank USA, NA
    DLJ Mortgage Capital, Inc.
    Cititgroup Global Markets Reality Corp
    HomeComings Financial Network< inc.
    Deutsche Bank National Trust Companyh
    HSBC Bank USA, NA
    Wilmington Trust Company
    The Bank of New York Trust Company, NA, Bank of America, N.A.
    UBS Real Estate Securities, Inc.
    Hudson City Savings Bank
    Wachovia Bank,

    CERTIFYING OFFICERS listed Page 1
    'CERTIFY' FOREGOING IS A TRUE COPY OF A RESOLUTION DULY ADOPTED BY THE BOARD OF DIRECTORS OF SAID CORPORATION ON 20TH DAY APRIL 2002, WHICH IS IN FULL FORCE AND EFFECT ON THIS DATE AND DOES NOT CONFLICT WITH CERTIFICATE OF INCORPORATION OR BY-LAWS OF SAID CORPORATION.

    Cindy Moldovan 'Assistant Secretary' 5/29/08
    Rachel A. Hoover Notary Frederick County Maryland

    WHY WOULD 'MELANIE HOPKE' CREATE AND SIGN DEED FOR 'RELS TITLE' ?

    LIST OF CANDIDATES ARE EMPLOYEES OF 'WELLS FARGO BANK NA DBA PREMIER ASSET SERVICES
    ARE HEREBY APPOINTED AS ASSISTANT SECRETARIES, ASSISTANT VICE PRESIDENTS AND VICE PRESIDENTS. THESEINDIVIDUALS ARE AUTHORIZED TO:

    EXECUTE LISTING AGREEMENTS
    PURCHASE AND SALE AGREEMENTS
    GRANT/WARRANT/QUIT CLAIM DEEDS OR ANY OTHER DEED CAUSING THE TRANSFER OF TITLE OF THE PROPERTY
    TO A PARTY CONTRACTED TO PURCHASE SAME
    ESCROW INSTRUCTIONS AND ANY AND ALL OTHER ANCILLARY DOCUMENTS NECESSARY TO EFFECT THE SALE AND TRANSFER OF SUCH REAL PROPERTY ON BEHALF OF
    'WELLS FARGO BANK NA
    ATTORNEY IN FACT

    AND ALL OF THE 'ABOVE' ENTITIES MAY REPLACE THEIR NAMES FOR WELLS FARGO BANK NA AS 'AFFILAITES'

    47 NAMES, SOME REPEAT ON PAGE 2

    Page 2

    THE 'OFFICERS LISTED BELOW DO HAVE THE AUTHORITY TO SIGN DEEDS AND RECORDABLE DOCUMENTS:

    TAMARA SWAIN VP (ON LINKED IS THAT THE SAME EVP? WELLS FARGO HOME MORTGAGE DIV WELLS FARGO BANK NA?

    JODI CORNISH VP (ON LINKEDIN WFHM)
    DIXIE TEAGLE VP
    MELANIE BURKETTE VP
    DANIE T. NONEMACHER AVP
    MELANIE BYCROFT AVP
    LYNN CARDER AVP
    ANN NILES AVP
    JENNIFER SHARP AVP
    ANNETTE PABSON AVP
    MIKE HOJNOWSHI AVP
    RODNEY DABBONDANZA AVP
    JOSE X PINTO AVP
    JEFF GRIESSINGER AVP
    CHRISTY TISKA AVP
    MARY C. SMITH AVP
    LORETTA KLEIN AVP
    MARY SENSENEY AVP
    AMI CURTIS AVP
    DESMOND CLIONE-SYMTHE AVP
    DARRYL SCOTT AVP
    MELINDA GARROTT AVP
    JENNIFER PRESLEY AVP
    TRACY NELSON ASSISTANT SECRETARY
    CINDY MOLDOVAN ASSISTANT SECRETARY
    BONITA SHUGARTS ASSISTANT SECRETARY
    JULIE WELTER-SMITH ASSISTATN SECRETARY
    LAURA STANG ASSISTANT SECRETARY
    DONTA KIEFFER ASSISTANT SECRETARY
    LEAH BRUCHEY ASSISTANT SECRETARY
    MIKE MILLER ASSISTANT SECRETARY

    WELLS FARGO DBA PREMIER ASSET SERVICES 'POA' letter on Google and if disappears on Squidd

    http://docs.google.com/viewer?a=v&q=cache:qh6obyycVf0J:oaklandparkpublic.novusagenda.com/AttachmentViewer.aspx%3FAttachmentID%3D6797%26ItemID%3D2443+melanie+hopke+premier&hl=en&gl=us&pid=bl&srcid=ADGEESiWlJ0MOgukPh9Z0YHWak85Bq8YW3KeaFEgpVuuse-IbTX8dc_QvCK21Fh3ruWg7peJp8RSPBLt1a-RcOapy3O-KVIJFP_KCFPdfHC5mNkDUs3PbDhC9bIdyDZXvLB7oMdjR7VX&sig=AHIEtbSiyAjB69_MmVAmxx34UGo5XQXtuw

  16. 5/6/97 -5/16/11 Deutsche Bank National Trust Co [ formerly Bankers Trust Co of California NA/FA ] U.S. SEC # 1020242
    2. The Articles of Association of the Association, under the name of BT Trust Company of California, National Association, were filed with the Comptroller of the Currency, Northeastern District office on February 13, 1986 (the “Original Articles”). A copy of said Original Articles, as amended from time to time and as certified by the Comptroller of the Currency on February 4, 2002, is attached hereto as Exhibit A.
    NJ: ‘WELLS FARGO HOME MORTGAGE’ a division of ‘Wells Fargo Bank NA’ ….NJ: WELL FARGO HOME MORTGAGE STOREFRONT (dba RELS TITLE)
    HOW ‘STOREFRONTS DO BUSINESS’ ALT-A LOANS PURCHASE LEGAL TITLE OF ‘NOTE’ C/O
    AUTHORITY DBT CO LTD, AS INDENTURE TRUSTEE
    AND AUTHORITY NORWEST ASSET SECURITIES CORP, AS DEPOSITOR
    RELS TITLE ‘concealment by fraud sold mortgage note 6/5/2006 in secret to ‘Structured Asset Securities Corp – Trustee – DBT Co LTD
    CASHIER CHECK PURCHASE OF NOTE –
    DBT CO LTD PURCHASED LEGAL TITLE FOR ‘SASCO’ QUALIFIED INTERMEDIARY FOR LEHMAN BROTHERS INC.  

    DEUTSCHE BANK TRUST CO – INDENTURE TRUSTEE (T1) SINCE 2002 FOR ‘STRUCTURED ASSET SECURITIES CORP’

    5/6/97 -5/16/11 Deutsche Bank National Trust Co [ formerly Bankers Trust Co of California NA/FA ] U.S. SEC # 1020242
    2002 OCC AGGRESSIVELY PROTECTED ALL ‘SERVICERS’ OF MORTGAGE LOANS’
    WELLS FARGO HOME MORTGAGE, INC. & DIVISION OF CALIFORNIA OF CORPORATIONS BATTLE – PUBLIC INFORMATION ‘PETE WISSINGER’ SAYS DOES NOT MATTER TO HIS CUSTOMERS (DEUTSCHE BANK!) …

    OCC AGGRESSIVELY ALLOW (GIVE PERMISSION) PROTECT COVENANTS OF ALL ‘AFFILAITES OF SERVICER AND TRUSTEE TO NOT RECORD FINCEN DOCUMENTS (IGNORE REGULATIONS IN PLACE TO PROTECT WELFARE OF NATION – ECONOMY – THIRD ELEMENT OF NATIONAL SECURITY) OTHERWISE REQUIRED IF NOT ATTACHED TO ‘SERVICER’ OF PURCHASE OF MORTGAGE NOTE.
    DBT CO LTD – MONEY LAUNDERING:
    OCC ALLOWED ‘ALLEGED UNLAWFUL BUSINESS ACTS’ AND LAUDERING OF CASH ‘OUT’ OF DBT CO LTD, AND ATTACHED TO ‘MORTGAGE NOTES’ WHERE DETUSCHE BANK TRUST COMPANY OF NEW JERSEY LTD’ PURCHASES ‘MORTGAGE NOTE’ LEGAL TITLE PAYING ‘NORWEST ASSET SECURITIES CORP, AS DEPOSITOR’
    AND DBT CO LTD TO/FROM BANKERS TRUST COMPANY OF CALIFORNIA, NATIONAL ASSOCIATION
    WANT TO KNOW WHY OVER SEC, in 2002/2003, Bankers Trust changed name to Deutsche Bank and utilized pass through agency ‘Structured Asset Securities Corp’ Filed 12/18/03 with Deutsche Bank Trust Americas 333-106925.
    2002:
    SEC File 333-106925 — Structured Asset Securities Corp [ formerly Structured Asset Sec Corp Series 1998-2 ]
    Form T-1 – Statement of Eligibility of a Corporation Designated to Act as Trustee
    Form 3052B – Statement of Eligibility of a Corporation Designed to Act as Trustee
    Exhibit 1 – Articles of Association
    Exhibit 2 – Certificate of Comptroller of OCC
    Exhibit 3 – Certification of Fiduciary Powers
    Exhibit 4 – Existing By-Laws of Deutsche Bank National Trust
    Exhibit 6 – Consent of Deutsche Bank National Trust Company
    Exhibit 7 – Reports of Condition of Deutsche Bank

    Bankers Trust Company of California, National Association
    BT Trust Company of California, National Association
    Deutsche Bank National Trust Company

    OCC and Deutsche Bank Trust Company Americas

    CERTIFICATE

    Ronaldo Reyes, DO HEREBY CERTIFY THAT:

    1. I am the duly elected Assistant Vice President, of Deutsche Bank National Trust Company, a national bank organized and existing under the laws of the United States of America (“Association”).

    2. The Articles of Association of the Association, under the name of BT Trust Company of California, National Association, were filed with the Comptroller of the Currency, Northeastern District office on February 13, 1986 (the “Original Articles”). A copy of said Original Articles, as amended from time to time and as certified by the Comptroller of the Currency on February 4, 2002, is attached hereto as Exhibit A.

    3. A further amendment to the Articles of Association of the Association, changing the title of the Association to “Deutsche Bank National Trust Company” effective April 15, 2002, was filed with the Comptroller of the Currency, Western District Office Licensing Unit on March 28, 2002 (the “Amended Articles”). A copy of that amendment is attached hereto as Exhibit B.

    4. The Original Articles and the Amended Articles, taken together, constitute the entire Articles of Association of the Association, as in effect on the date hereof; such Articles of Association of the Association have not been further modified or rescinded.

    IN WITNESS WHEREOF, I have hereunto set my hand and seal of Deutsche Bank National Trust Company this 31st day of October, 2003.

    /s/ Ronaldo Reyes

    EXHIBIT ‘A’ Comptroller of the Currency
    Administrator of National Banks
    Washington DC 20219
    CERTIFICATE

    I, John D. Hawke, Jr., Comptroller of the Currency, do herby certify that the document hereto attached is a true copy, as recorded in this Office, of the currently effective Articles of Association for “Bankers Trust Company of California, National Association,” Los Angeles, California, (Charter No. 18608).

    IN TESTIMONY WHEREOF,, I have hereunto subscribed my name and caused my seal of office to be affixed to these presents at the Treasury Department in the City of Washington and District of Columbia, this Monday, February 04, 2002. TREASURY SEAL
    /s/ John D. Hawke, Jr.
    Comptroller of the Currency

    Certificate of Amendment of Articles of Association of Bankers Trust Company of California, N.A.

    I, David Abramson,k certify that:
    1. I am the duly elected Secretary of Bankers Trust Company of California, N.A.

    2. On January 17, 1992, at a special meeting of the Shareholders of Bankers Trust Company of California, N.A. the following resolution and amendment to Article FIFTH of the Articles of Association of Bankers Trust Company of California, N.A. was adopted.

    RESOLVED, that Bankers Trust Holdings, Inc. the sole shareholder of Bankers Trust Company of California, N.A. (“BTCal”), hereby approves the ….

    “BT Trust Company of California, National Association”
    Purpose of organizing an association to carry on the business of a limited purpose trust company under the laws of the United States, the …

    Main Office City of Los Angeles

    General Business of the Association shall be conducted at its main office and its branches.

    Signatures noted from 1985 include Harold Atkins hmmm.

    /s/ Peter E. Lengyel 10/7/85

    /s/ Harold K. Atkins 10/7/85

    /s/ John L. Murphy 10/7/85

    /s/ Allan C. Martin 10/7/85

    /s/ Rein Lumi 10/7/85

    /s/ Gerard P. Hourihan 10/7/85

    ‘UNDER TRUST LAWS OF NEW YORK …

    Notary of State of New York attests Peter E. Lengyel witnessed 10/7/1985

    Attn: Licensing Unit
    50 Fremont Street, Suite 3900
    San Francisco, CA 94105
    (415) 545-5930, FAX (415) 442-5315

    April 4, 2002

    Sandra L. West
    Assistant Secretary
    C/o Deutsche Bank
    31 West 52nd Street-M/S NYC09-0810
    New York, NY 10019

    RE: TITLE CHANGE
    BANKERS TRUST COMPANY OF CALIFORNIA, N.A.
    LOS ANGELES, CALIFORNIA
    CHARTER NO. 18608

    Dear Ms. West:

    The Office of the Comptroller of the Currency (OCC) has received your letter concerning the title change, appropriate amendment to the First Article of Association of Bankers Trust Company of California, National Association. The OCC will update their records to reflect that as of April 15, 2002, the title of Bankers Trust Company of California, National Association, Charter Number 18608 will change to Deutsche Bank National Trust Company.

    The original of the bank’s respective Article has been forwarded to the bank’s official file with our Office and an original is hereby returned for your records.

    As a result of the Garn-St Germain Depository Institutions Act of 1982, the OCC is no longer responsible for the approval of national bank name changes nor does it maintain official records on the use of alternate titles. The use of other titles or the retention of the rights to any previously used title is the responsibility of the bank’s board of directors. Legal counsel should be consulted to determine whether or not the new title, or any previously used
    title, could be challenged by competing institutions under the provisions of federal or state law.

    Very truly yours,

    /s/ James A. Bundy
    James A. Bundy
    Licensing Manager

    Enclosure


    BANKERS TRUST COMPANY OF CALIFORNIA,
    NATIONAL ASSOCIATION

    ———-

    I, DAVID ABRAMSON, certify that:

    1. I am the duly elected and acting Secretary of Bankers Trust Company of California, National Association (formerly, BT Trust Company of California), and as such officer, I am the official custodian of its records; that the following is a true and correct copy of resolutions adopted by the Association’s
    shareholders; and that such resolutions are now lawfully in force and effect:

    RESOLVED, that the Association is hereby authorized to amend the First Article of Association to read as follows:

    FIRST: The title of this Association shall be “Deutsche Bank
    National Trust Company.”

    FURTHER RESOLVED, that the effective date of the amendment of the First Article of Association shall be April 15, 2002.

    2. The following is a true and correct copy of a resolution of the
    Association’s Board of Directors, and such resolution is now lawfully in force and effect:

    RESOLVED, that the amendment of the First Article of Association to change the title of the Association to “Deutsche Bank National Trust Company” is hereby approved, effective April 15, 2002.

    3. The foregoing amendment to the Articles of Association has been duly approved by the Board of Directors of Bankers Trust Company of California, National Association on March 21, 2002.

    4. The Resolution and Amendment set forth above has not been modified or rescinded and is in full force and effect.

    IN WITNESS WHEREOF, I have set my hand and the seal of this Association this 27th day of March 2002.

    /s/ David Abramson
    Secretary

    Mr. James A Bundy, Licensing Manager
    Office of the Comptroller of the Currency
    Western District Office
    50 Fremont Street
    Suite 3900
    San Francisco, CA 94105-2292

    Dear. Mr. Bundy:

    Re: Bankers Trust Company of California; National Association (Charter No. 18608) Title Change and Amendment of First Article of Association

    Please be advised that the Board of Directors and sole shareholder of Bankers Trust Company of California, National Association, have authorized a change of title for the Association, effective on April 15, 2002, as follows:

    From: Bankers Trust Company of California, National Association
    To: Deutsche Bank National Trust Company

    Pursuant to 12 U.S.C. 21a, we are hereby requesting approval of the Office of the Comptroller of the Currency to amend the Articles of Association to reflect the name change arid enclose two certified copies of the proposed amendment.

    The Association, whose principal office is located at 300 South Grand Avenue, Los Angeles, CA 90071, was originally chartered in October 1985 under the name of BT Trust Company of, California, National Association.

    From its inception through June 4, 1999, the Association was an indirect wholly-owned subsidiary of Bankers Trust New York Corporation (now, Bankers Trust Corporation) (“Bankers Trust”). In June 1999, Bankers Trust, including itssubsidiaries, was acquired by a subsidiary Deutsche Bank AG, a bank organized and existing under the laws of the Federal Republic of Germany.
    Deutsche Bank was recently listed on the New York Stock Exchange (“NYSE”) and its activities are reported daily in the U.S. media.

    Since its acquisition of Bankers Trust and subsequent listing on the New York Stock Exchange, awareness of the Deutsche Bank brand has increased significantly. Management now deems it

    Mr. James A. Bundy
    March 28, 2002.
    Page 2

    in the best interests of the firm at this time to consolidate all of the U.S.-based businesses under the global Deutsche Bank brand.

    Thank you for your consideration in this matter.

    Please direct any questions or problems regarding this application to the undersigned, as follows:

    c/o Deutsche Bank
    31 West 52nd Street – M/S NYC09-0810
    New York, NY 10019
    Phone: (212) 469-8174
    Fax: (646) 324-9056

    Sincerely yours,
    BANKERS TRUST CORPORATION

    By:/s/ Sandra L. West
    Assistant-Secretary

    enclosures

    cc: Joseph Marcy, OCC Lead Trust Examiner

    Foy B. Hester, Vice President and Controller
    Bankers Trust Company of California, N.A.

    David Abramson, Secretary and Counsel
    Bankers Trust Company of California, N.A.

  17. WHAT’S ‘RELS TITLE’ & ‘ATI TITLE’ GOT TO DO WITH FORECLOSUREGATE? EVERYTHING DBA ‘WFHM’ AND ‘CHASE’

    1031 EXCHANGE (IPXCO) (OREXCO)

    RELS STRATEGIC PARTNERSHIP WITH FIRST AMERICAN EXCHANGE COMPANY (1031 EXCHANGE) BEFORE COURT USBANK NA C/O (TRUST) Bills go out in name of ‘First American Title’ for Foreclosure expenses and WFHM 670-Property Report requested for Deed-in-Lieu – First American Title bills ‘WFHM’ dba RELS TITLE $125. Wells Fargo Home Mortgage – Executive Specialists – Office of President actually ‘RELS TITLE & SETTLEMENT, One Home Campus, Des Moines Iowa since 3/1998, RELS under Norwest dba Norwest Mortgage Inc., GMAC Mortgage Company of Iowa, GMAC Mortgage Company of Pennsylvania, Chase Manhattan Mortgage Corporation, and …?

    QUALIFIED INTERMEDIARIES
    1031 EXCHANGES
    MERS TITLE EXCHANGE (REAL $ VALUE )
    CTS-LINK – SECURITIES LINK
    REPURCHASE PROCEEDS OF SALE ‘DEPOSITED’ (NEW LOAN) INTO ‘BANK CLOSING AGENT C/O FIDELITY DURING DEFAULT…CLOSING IN SECRET WITH TITLE COMPANY AGENTS AND CORRESPONDENT LENDING MOVE AND PARK TITLES AS
    NEEDED SELLING AND RESELLING DEBT SECURITIES.

    WELLS FARGO CLAIMS CLEAN HANDS REGARDING FORECLOSURE GATE. NOTHING COULD BE FURTHER FROM THE TRUTH! LIES WARTS AND FOIBLES
    Do you know what a Qualified Intermediary Servicer is?

    Under contractural arrangement , QI’s or Qualified Intermediaries requires for life of loan GRANTEE be MERS why?

    GOT GOOD TITLE? ALL ABOUT TITLE INSURANCE CONCEALMENT OF OWNER OF NOTE C/O RELS TITLE & ATI TITLE BOTH DBA NORWEST, GMAC, CHASE, … DLJ CAPITAL MORTGAGE CORP … THE INITIAL Title Commitment letters issued by local bank, closing title & settlement agents ‘based purely on short title report’ what is in MERS up to most recent land record recording = Good Title. Same is true when Assignment filed during default as long as MERS affixed as GRANTEE for Life of Loan, all exchanges inside MERS TITLE EXCHANGE allow RELS and ATI to issue good title commitments and who orders LENDERS TITLE POLICIES consumers pay for issued to protect lender during default of next loan.

    WELLS FARGO & CO merged 11/2/1998 with Norwest Corp (1120754) Wells Fargo & CO/MN

    Old news, I know tnharry. But important to remember that every transactions over CLOUD and distributed network of dealers, agents, brokers, distriubtors (warehouse lenders, appraisers, title agents, closing agents, bank closing attorneys, robofirm servicers, document processing providers, participating MERS MEMBER partners…) harmed you and me.

    Wells Fargo & Co dba WFC HOLDINGS fka Norwest Corp dba Norwest Holdings & ATI Holdings & …

    266 –* WELLS FARGO FOOTHILL, INC. (1558478) 265 SANTA MONICA CA Finance Company

    267 —* WELLS FARGO ESCROW COMPANY, LLC. (1844724) 266 DES MOINES IA Domestic Entity Other

    268 —* FOOTHILL CAPITAL CORPORATION (2468015) 266 SANTA MONICA CA Domestic Entity Other

    269 —* + FOOTHILL PARTNERS III, L.P. (2468024) 266 SANTA MONICA CA Finance Company

    270 —* VALLEY ASSET MANAGEMENT, INC. (2536026) 266 LAS VEGAS NV Domestic Entity Other

    271 —-* WELLS FARGO CM FUNDING, LLC (3826751) 270 LAS VEGAS NV Domestic Entity Other

    272 —* WELLS FARGO RETAIL FINANCE II, LLC (2591007) 266 BOSTON MA Finance Company

    273 —* RELS, L.L.C. (2724010) 266 DES MOINES IA Domestic Entity Other

    Report created: 10/21/2011

    WELLS FARGO & COMPANY (1120754) as of 12/02/2008

    * Institutions Matching Selection Rule.
    + For purposes of Regulation Y, the top-tier reporter’s ownership level in this banking organization does not meet the definition of
    “control”; however, the ownership level does meet the FY Y-10/10F report ability criteria as this banking relationship is regulated by the
    Federal Reserve.
    ^ Although this relationship is not governed by U.S. banking statutes, it is included because it is of interest to the Federal Reserve.

    264 -* FNL INSURANCE COMPANY (1049060) 1 BURLINGTON VT Domestic Entity Other

    ‘Conduit’ for SASCO – Indenture Trustee Deutsche Bank Trust Co, example MERS MEMBER ‘ALS-Wilmington Trust Company is really Wells Fargo Bank NA as TRUSTEE when repuchasing debt securities from ‘Trust’ loan proceeds held in trust of bank closing attorney and debt securites serviced by local robo-firm SERVICER as VENDOR file ‘documents’ created by document processing subscriber and ‘good title’ commitment claims filed based upon Lenders Policy issued c/o RELS TITLE and ATI TITLE CLOSING during origination. Meanwhile new RELS and ATI business as REPURCHASE of ‘loan’ as debt securities pass thru MERS TITLE EXCHANGE and value of US DOLLARS and Value of Debt Securities and proceeds of sale during reconveyance to substitute trustee c/o PASREO brokers, dealers, distributors, agents close with CORRESPONDENT LENDER

    WHO IS ?
    2502 —–* AURORA GP HOLDING, LLC (3842854) 2499 SAN ANTONIO TX Domestic Entity Other

    BY WAY OF RELS BUNDLE LLC (SORT) ON FFIEC (Note RELIABLE Financial Services) Lawyers Title Corp – 1996/1997/1998 Mergers…Land America – Dial –
    Parent Fidelity National Corp: 12/31/1982 Habersham Mortgage GArenamed Fidelity Mortgage Corp 10/1/1996 Fidelity National Mortgage Corp moved 1/1/2000 closed
    11/15/1999 – Fidelity National Loans Inc. HOLLY SPRINGS MS Finance Co. M&F Bancorp, Inc. 10/21/2011 (12/31/1999 Merchants & Farmers Bank)
    10/6/1976 – 11/1/-1980 FIDELITY NATIONAL LIFE INSURANCE COMPANY, COLUMBUS OH;12/31/1972 FIDELTIY NATIONAL LIFE INSURANCE COMPANY MOVED TO CINCINNATI OH

    Institution History for FNL INSURANCE COMPANY, LTD. (1049060) 4 institution history record(s) found.
    WELLS FARGO & CO. PARENT 1120754
    1964-02-28 FIDELITY NATIONAL LIFE INSURANCE CO. located at 1700 BROADWAY, DENVER, CO was established as a Domestic Entity Other.
    1991-04-19 FIDELITY NATIONAL LIFE INSURANCE CO. was renamed to FIDELITY NATIONAL LIFE INSURANCE COMPANY and moved to PHOENIX, AZ.
    2003-12-19 FIDELITY NATIONAL LIFE INSURANCE COMPANY was renamed to FNL INSURANCE COMPANY and moved to BURLINGTON, VT.
    2011-05-20 FNL INSURANCE COMPANY was renamed to FNL INSURANCE COMPANY, LTD. and moved to HONOLULU, HI.
    _____________________________
    1* WELLS FARGO & COMPANY (1120754) SAN FRANCISCO CA Financial Holding Company – Domestic

    2 -* WELLS FARGO BANK, NATIONAL ASSOCIATION (451965) 1 SIOUX FALLS SD National Bank
    349 –* RELS, L.L.C. (2724010) 2 DES MOINES IA Domestic Entity Other
    350 —* RELS MANAGEMENT COMPANY, LLC (3094251) 349 MINNETONKA MN Domestic Entity Other
    351 —-* RES DIRECT, LLC (3094260) 350 BLOOMINGTON Mn Domestic Entity Other
    352 —-* ACCOUNTING SERVICES, LLC (3348525) 350 MINNETONKA MN Domestic Entity Other
    353 —* ADVANCED COLLATERAL SOLUTIONS, LLC (3162619) 349 MINNETONKA MN Domestic Entity Other
    354 —-* PRIME VALUATION SERVICES, LLC (3348534) 353 BLOOMINGTON MN Domestic Entity Other
    355 —-* C&S APPRAISAL SERVICES, LLC (3348543) 353 BLOOMINGTON MN Domestic Entity Other
    356 —* RELS REPORTING SERVICES, L.L.C. (2377340) 349 DES MOINES IA Domestic Entity Other
    357 —* VALUATION INFORMATION TECHNOLOGY, L.L.C. (2377359) 349 DES MOINES IA Domestic Entity Other
    2060 —* RELS, L.L.C. (2724010) 1713 DES MOINES IA Domestic Entity Other
    2061 —-* RELS REPORTING SERVICES, L.L.C. (2377340) 2060 DES MOINES IA Domestic Entity Other
    2062 —-* VALUATION INFORMATION TECHNOLOGY, L.L.C.
    (2377359)
    2060 DES MOINES IA Domestic Entity Other
    2063 —-* RELS MANAGEMENT COMPANY, LLC (3094251) 2060 MINNETONKA MN Domestic Entity Other
    2064 —–* RES DIRECT, LLC (3094260) 2063 BLOOMINGTO
    N
    MN Domestic Entity Other
    2065 —–* ACCOUNTING SERVICES, LLC (3348525) 2063 MINNETONKA MN Domestic Entity Other
    2066 —-* ADVANCED COLLATERAL SOLUTIONS, LLC (3162619) 2060 MINNETONKA MN Domestic Entity Other
    2067 —–* PRIME VALUATION SERVICES, LLC (3348534) 2066 BLOOMINGTO
    N
    MN Domestic Entity Other
    2068 —–* C&S APPRAISAL SERVICES, LLC (3348543) 2066 BLOOMINGTO
    N
    MN Domestic Entity Other
    2069 —* KENSINGTON OF KISSIMMEE LTD. (2730301) 1713 GAINESVILLE FL Domestic Entity Other
    2070 —* WELLS FARGO AFFORDABLE HOUSING COMMUNITY
    DEVELOPMENT CO (2738615)
    1713 CHARLOTTE NC Domestic Entity Other
    2071 —* WACHOVIA COMMERCIAL MORTGAGE LOAN
    WAREHOUSE CORPORATION (2765086)
    1713 CHARLOTTE NC Domestic Entity Other
    2072 —* TATTERSALL ADVISORY GROUP, INC. (2834900) 1713 RICHMOND VA Domestic Entity Other
    2073 —* CREATIVE CHOICE HOMES X, LTD. (2892030) 1713 PALM BEACH
    GARDENS
    FL Domestic Entity Other
    2074 —* VCP-SB ASSOCIATES, LTD. (2892085) 1713 JACKSONVILL
    E
    FL Domestic Entity Other
    2075 —* POOLED AUTO SECURITIES SHELF LLC (2924557) 1713 CHARLOTTE NC Domestic Entity Other
    2076 —-* WACHOVIA AUTO OWNER TRUST 2006-A (3384943) 2075 CHARLOTTE NC Domestic Entity Other
    2077 —* WELLS FARGO EXCHANGE SERVICES, LLC (2944274) 1713 CHARLOTTE NC Domestic Entity Other
    2078 —-* RYDER EXCHANGE, LLC (3411214) 2077 CHARLOTTE NC Domestic Entity Other
    2079 —-* PHH FUNDING, LLC (3437214) 2077 CHARLOTTE NC Domestic Entity Other
    2080 —-* WHEELS EXCHANGE, LLC (3642830) 2077 CHARLOTTE NC Domestic Entity Other

    1 * WELLS FARGO & COMPANY (1120754) SAN FRANCISCO CA Financial Holding Company – Domestic #264 -*FNL INSURANCE COMPANY (1049060 #1 Burlington VT
    ___________________________________________________________
    1 * WELLS FARGO & COMPANY (1120754) SAN FRANCISCO CA Financial Holding Company – Domestic
    2- * WELLS FARGO BANK, NATIONAL ASSOCIATION (451965) 1 SIOUX FALLS SD National Bank
    451 -* WFC HOLDINGS CORPORATION (2741679) 1 SAN FRANCISCO CA Bank Holding Company
    452 –* WELLS FARGO CENTRAL BANK (89162) 451 CALABASAS CA Non-member Bank
    456 –* WELLS FARGO BANK, NATIONAL ASSOCIATION (451965) 451 SIOUX FALLS SD National Bank
    __________________________________________________________
    1 * WELLS FARGO & COMPANY (1120754) SAN FRANCISCO CA Financial Holding Company – Domestic
    265 -* FOOTHILL GROUP INC., THE (2222066) 1 SANTA MONICA CA Finance Company
    1 * WELLS FARGO & COMPANY (1120754) SAN FRANCISCO CA Financial Holding Company – Domestic
    266 –* WELLS FARGO FOOTHILL, INC. (1558478) 265 SANTA MONICA CA Finance Company
    267 —* WELLS FARGO ESCROW COMPANY, LLC. (1844724) 266 DES MOINES IA Domestic Entity Other
    268 —* FOOTHILL CAPITAL CORPORATION (2468015) 266 SANTA MONICA CA Domestic Entity Other
    269 —* + FOOTHILL PARTNERS III, L.P. (2468024) 266 SANTA MONICACA Finance Company
    270 —* VALLEY ASSET MANAGEMENT, INC. (2536026) 266 LAS VEGAS NV Domestic Entity Other
    271 —-* WELLS FARGO CM FUNDING, LLC (3826751) 270 LAS VEGAS NV Domestic Entity Other
    272 —* WELLS FARGO RETAIL FINANCE II, LLC (2591007) 266 BOSTON MA Finance Company274 —-* RELS REPORTING SERVICES, L.L.C. (2377340) 273 DES MOINES IA Domestic Entity Other
    275 —-* VALUATION INFORMATION TECHNOLOGY, L.L.C. (2377359) 273 DES MOINES IA Domestic Entity Other
    276 —-* RELS MANAGEMENT COMPANY, LLC (3094251) 273 MINNETONKA MN Domestic Entity Other
    277 —–* RES DIRECT, LLC (3094260) 276 BLOOMINGTON MN Domestic Entity Other
    278 —–* RELS BUNDLE, LLC (3348516) 276 MINNETONKA MN Domestic Entity Other
    279 —–* ACCOUNTING SERVICES, LLC (3348525) 276 MINNETONKA MN Domestic Entity Other
    280 —-* ADVANCED COLLATERAL SOLUTIONS, LLC (3162619) 273 MINNETONKA MN Domestic Entity Other
    281 —–* PRIME VALUATION SERVICES, LLC (3348534) 280 BLOOMINGTON MN Domestic Entity Other
    282 —–* C&S APPRAISAL SERVICES, LLC (3348543) 280 BLOOMINGTON MN Domestic Entity Other
    283 —* RELS TITLE SERVICES, LLC (2724038) 266 DES MOINES IA Domestic Entity Other
    284 —-* ATI TITLE AGENCY OF OHIO, INC. (2253275) 283 CLEVELAND OH Domestic Entity Other
    285 —-* ATI TITLE COMPANY, LLC (2734046) 283 DES MOINES IA Domestic Entity Other
    286 —-* ATI TITLE COMPANY OF ALABAMA, LLC (3094242) 283 MOBILE AL Domestic Entity Other
    287 —-* RELS MANAGEMENT COMPANY, LLC (3094251) 283 MINNETONKA MN Domestic Entity Other
    288 —–* RES DIRECT, LLC (3094260) 287 BLOOMINGTON MN Domestic Entity Other
    289 —–* RELS BUNDLE, LLC (3348516) 287 MINNETONKA MN Domestic Entity Other
    290 —–* ACCOUNTING SERVICES, LLC (3348525) 287 MINNETONKA MN Domestic Entity Other
    291 —* + FOOTHILL PARTNERS IV, L.P. (3091278) 266 SANTA MONICA CA Finance Company
    292 —* MONUMENT PEAK, LLC (3314829) 266 SANTA MONICA CA Domestic Entity Other
    293 –* FOOTHILL PARTNERS III, L.P. (2468024) 265 SANTA MONICA CA Finance Company
    294 –* WELLS FARGO TRADE CAPITAL SERVICES, INC. (2784797) 265 NEW YORK NY Finance Company Report created: 10/21/2011
    Hierarchy report with the following institution types: Commercial Bank, Cooperative Bank, Credit Union, Edge/Agreement
    Corporation, Financial Holding Company, Holding Company, Industrial Bank, Insurance Co. Broker/Agent/Underwriter,
    Nondepository Trust Company, Other Company, Savings Bank, Savings and Loan Association, and the Securities
    Broker/Dealer/Underwriter
    Seq
    Num Name (RSSD ID)
    Parent
    Seq City
    State or
    Country Entity Type
    WELLS FARGO & COMPANY (1120754)
    as of 12/02/2008
    * Institutions Matching Selection Rule.
    + For purposes of Regulation Y, the top-tier reporter’s ownership level in this banking organization does not meet the definition of
    “control”; however, the ownership level does meet the FY Y-10/10F reportability criteria as this banking relationship is regulated by the
    Federal Reserve.
    ^ Although this relationship is not governed by U.S. banking statutes, it is included because it is of interest to the Federal Reserve.
    (2784797)
    295 -* HOME SERVICES TITLE REINSURANCE COMPANY
    (2228497)
    1 BURLINGTON VT Domestic Entity Other
    296 -* WELLS FARGO FINANCIAL SERVICES, INC. (2250313) 1 DES MOINES IA Bank Holding
    Company
    297 –* WELLS FARGO FINANCIAL, INC. (1141991) 296 DES MOINES IA Bank Holding
    Company
    298 —* WELLS FARGO FINANCIAL BANK (363956) 297 SIOUX FALLS SD Non-member Bank
    299 —-* CENTURION CASUALTY COMPANY (1841376) 298 DES MOINES IA Domestic Entity Other
    300 —* CENTURION LIFE INSURANCE COMPANY (1149849) 297 DES MOINES IA Domestic Entity Other
    301 —-* ASPEN DELAWARE FUNDING, LLC (3214693) 300 DES MOINES IA Domestic Entity Other
    302 —–* SIERRA PEAKS FUNDING, L.P. (3214684) 301 LAS VEGAS NV Domestic Entity Other
    303 —-* WAPITI FUNDING, LLC (3295450) 300 DES MOINES IA Domestic Entity Other
    304 —–* CERVUS FUNDING, L.P. (3295188) 303 LAS VEGAS NV Domestic Entity Other
    305 —* WELLS FARGO FINANCIAL IOWA 1, INC. (1149876) 297 DES MOINES IA Finance Company
    306 —* WELLS FARGO FINANCIAL RETAIL SERVICES, INC.
    (1154160)
    297 DES MOINES IA Finance Company
    307 —* WELLS FARGO FINANCIAL NATIONAL BANK (1225761) 297 LAS VEGAS NV National Bank
    308 —* WELLS FARGO FINANCIAL AGENCY, CO. (1355387) 297 DES MOINES IA Domestic Entity Other
    309 —* WELLS FARGO FINANCIAL ARIZONA, INC. (1426027) 297 DES MOINES IA Finance Company
    310 —* WELLS FARGO FINANCIAL TEXAS, INC. (1843606) 297 DES

  18. NEW CENTURY–HERE IS THE QUARTERLY REPORT FROM THE BKR TRUST. SINCE PLAN CONFIRMATION IN 2008 OVER $202 MILLION DISBURSED WITH OVER $50 MILLION IN PROFESSIONAL FEES FOR THE NCLT TRUST!!!

    http://www.scribd.com/doc/71069083/NEW-CENTURY-POST-CONFIRMATION-QUARTERLY-REPORT-SINCE-2008-OVER-202-MILLION-DISBURSED-WITH-OVER-50-MILLION-IN-PROFESSIONAL-FEES-FOR-THE-NCLT-TRUST

  19. NEW CENTURY- THE NOV 2 OMNIBUS HEARING AGENDA—NOTICE MORE AND MORE PRO SE HOMEOWNERS GOING AFTER THE PREDATORY LENDER (ALSO HOME123 CORPORATION IS PART OF THE NEW CENTURY FAMILY).

    http://www.scribd.com/doc/71067437/NEW-CENTURY-LIQUIDATING-TRUST-NOVEMBER-2-2011-OMNIBUS-AGENDA

  20. To whomever here keeps on saying “loan” or “mortgage”:

    WHY do you STILL insist on calling fabricated false default “debt” a LOAN??? Or a “mortgage”??? A manufactured alleged “debt” does NOT a “mortgage loan” make!!!

    All of the fraud and cover up makes so much more sense when you finally accept this truth.

  21. @Abby

    “I learned that the trustee, U.S. Bank, N.A., in a certain situation, claimed that they were ‘inemnified’ in the deal (meaning PSA etc.) of securitization.”

    Could you share more about this if possible. Interested. Wonder what “indemnified” means in this context and who “indemnified” them and how. They are successor trustee to Bof A NAwho is successor trustee to LaSalle Bank NA. They have the most securitized trusts of any trustee currently.

  22. Davies v. Deutsche Bank link to hearing on the adversary complaint.
    Oral arguments now for 9th Circ. BAP on 11 16 2011
    http://www.4shared.com/audio/b6ZnpPVg/RS126_5-3-2011.html

  23. I learned that the trustee, U.S. Bank, N.A., in a certain situation, claimed that they were ‘inemnified’ in the deal (meaning PSA etc.) of securitization.

    Has anybody else learned this?

  24. The trustees damn well should be under investigation. What makes me nervous is the disclaimer I’ve seen in at least one of those agreements: it says the sec’n trustee does not examine the loan documents, etc.

    Also, maybe we could get around to who owns the loans that did not make it into trusts. You’ve got sec’n investors getting payments on notes they’re not
    connected to since someone else owns them. If someone else owns the notes, it was swell of them to give the sec’n investors money, anyway. This is done to keep up the charade, of course.
    I don’t think there’s any provision in the UCC for an ‘equitable” endorsement or assignment. These are allegedly negotiable instruments, or at least were the day they were executed by the borrower. Unless Gardner, whom I haven’t had time to really study, is right and they aren’t negotiable instruments. Don’t want to misquote him. Whether they were or are needs to be determined (because it’s a core issue) with some degree of certainty, right?
    But, assuming they were negotiable instruments and the endorsements and any other action necessary to define them as being in the trust wasn’t done, WHO owns them? (but I still don’t believe the trust or investors EVER did).

    Failure to get them from a to b doesn’t diminish the debt.
    But, if the people who owned them were the recepients of insurance, etc., then we might be able to start making real arguments the notes are toast. Unfortunately, even that depends on the language in the
    “insurance policies”. And just a reminder, if you got a loan over 80% loan to value, you paid for the lender’s private mortgage insurance (pmi, mgic, whomever else was still around in those years). That insurance did not pay off the loan totally, though. It paid like 15 – 25 percent, I believe. We need to get our hands on some of those “insurance policies”. If the pmi kicks in at the borrower’s default (and not after foreclosure), then obviously only the uninsured portion of the note is outstanding. That gang is sort of skipping this part, like everything else. About that pmi on loans over 80% loan to value: you either paid for it upfront plus monthly and it’s on your HUD 1
    Settlement Statement, or your note rate was bumped to cover it (called
    “self-insuring”).

    I can’t help wondering how that is working. If banksters got insurance proceeds from AIG, say, which were paid to them as parties with interests in the debt, but the individual loan had pmi on it, also, isn’t the pmi company having a cow about claims? I think it was “PMI” (an actual co. name) pmi which just had to close its doors for lack of reserves because of all the claims. I was sorry to hear about them, because before all this WS crime, they were fairly good guys and once helped me with something.

  25. Thanks Louise. I already know all this. I have all the info and I have gone on the attack. Waiting for my case to proceed.

    My position since the bailout is that we ALL paid forward. Instead of being used for roads, public transportation, environment, education and everything a civilized country is all about, we chose to use our taxes to pay for obscene bonuses to bankers as a reward for having so methodically and thoroughly destroyed our entire country.

    I already gave. I’ve been squatting in my house for a couple of years and I am not leaving. Eventually, our military, police, sheriffs, firefighters, etc. will decide to join the rest of the 99%. I’m not afraid of anyone coming to kick me out of my house. They took everything: my work, my credit, my car, my retirement. They’re now trying to put their hands on my social security. I already gave it all and so has everybody else. Nothing more to give. Nothing to lose.

    It’s going to be bloody and violent, I have predicted it for a few months now. That’s the only possible outcome since no one wants to take the necessary measures to prosecute the culprits…

  26. Speaking of Madoff, I wonder whether he is going to sing like the proverbial canary.

    Moving on, if you think of everything that happened in the mortgage meltdown as a criminal action, you will understand why the loans did not make it into the trusts. If the loan makes it to the trust, that is it. It has been PAID FOR. If it does not make it to the trust, it can be sold again and again. Also, take a look at your loan number. If the number has changed, it was probably sold at LEAST a second Time. time…

  27. It is unconscionable that not one layer of our savings systems has remainded untouched by Wall Street. When we look at the big picture, it is the entire fabric of America and its future that has been dismantled, deregulated and shamlessly speculated on by crooked middlemen whose only role was that of a highly-paid channel, in total disregard and in violation of any existing law.

    I cannot imagine how this situation can ever be resolved without everyone, except bankers and servicers, paying the piper. If this is not another proof that heads MUST fall and wealth unjustly acquired MUST be confiscated and redistributed, then i don’t know what is.

    The more I read and the angrier I become at the rush put on taxpapyers to bail out servicers. It becomes absolutely impossible to trust anyone in Congress and in Government. Unless we remove them all and start from scratch, I can’t see how any of it will ever be straightened out. I truly believe that Paulson MUST be held accountable and MUST be made to repay the 3.8 billion he got out of our imposed bailout. Everyone in any kind of position of authority in the financial sector is dirty and MUST be investigated. Compared with that, Maddof is a amateurish choirboy!

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