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or this?
http://www.mofo.com/docs/pdf/FAQRule144A.pdf
Anybody put this is lay terms? It would take me forever and a day to figure it out. I am trying to learn what the holding period was and is for ‘asset-backed securties transactions’ before and after the 2008 (?) amendments to SEC Rule 144:
http://www.sec.gov/rules/final/2007/33-8869.pdf
Anyone get this?
My loan with MortgageIT, Inc. Fits the description of poorly originated loan to a T but I don’t think my loan was in one of those trusts (I can’t find my loan but i have a general idea).
I just find it logical to say to my mystery creditor…. go sue Fannie for your certificate monthly payments per your contract with them…. and Fannie you are proving that the loans were poorly originated then go sue DB/MortgIT…
I don’t see how Fannie can come to court to seek damages from me when it is seeking or can seek damages from DB/MortgIT…
So I say wells fargo as servicer go pound sand until DB/Fannie/investors complete their lawsuits. Then they can come to me to see what I owe.
ok
There are several banks involved in every securitization not just the so-called trustee bank. Wells is allegedly involved in my alleged securitization. Why do I say alleged? Because the alleged Note created by an alleged lender was allegedly sold into an alleged Trust. All BS.
Linda, most of the actions are against trustees. Wells doesn’t appear as trustee for many of these transactions. They are usually an originator, sponsor, or servicer. Don’t “take this to the bank”, but that is what I surmise.
No Wells Fargo again?