DREWE RESEARCH: CONNECTION BETWEEN BOA AND DEVELOPERS

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

EDITOR’S NOTE: The reason this research is important is that it shows the connection between the developers, who have escaped blame thus far for the mortgage mess, and the Wall Street chicanery that financed ever increasing artificial price rises by developers, whose asking prices were used as comparables for fraudulent appraisals. The Developers were walking in lock step with Wall Street by setting up mortgage brokering shops right on premises making it easy to sell these toxic, underwater loans to unsuspecting borrowers and unsuspecting investors.

 

SUBMITTED BY NANCY DREWE:

Filing Agent: Norwest Asset Sec…1998-1 Trust – and Registrant:
NationsLink Funding Corp and
Nationslink Funding Corp Comm Mort Pass Thr Cert Ser 1998-2 – Signed: Norwest Bank Minnesota, N.A., as Trustee Commission File No.: 333-57473-01 (no IRS# 3/1999, no Jurisdiction using National Association and ‘distributions principal and interest to certificate holders Filing Agent Norwest Asset Sec… and therefore as its trustee in what capacity? 10-K Norwest Bank Minnesota NA as Trustee 3/20/1999 . 99.4 Filing Submission Jurisdiction New York. c/o Norwest Bank Minnesota NA MD & Mailing Address: NationsLink Funding Corp NC (CUSIP) 427261•45•8 3/25/99 Nationslink Funding Corp…1998-2 10-K 12/31/98 2:6 Norwest Asset Sec..Trustee By 12/31/1998 10-K/AJurisdiction: NY IRS#’s 52-2131700; 52-2131702; 52-2154879; 52-2154877 c/o Norwest Bank Minnesota NA ‘Trustee’
NATIONSLINK FUNDING CORPORATION, as Depositor,
NATIONSBANK, N.A., as Mortgage Loan Seller,
BANK OF AMERRICA NT&SA as Additional Warranting Party,
MIDLAND LOAN SERVICES, INC, as Master Servicer,
LENNAR PARTNERS, INC., as Special Servicer and Sponsor, and
NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, as Trustee and REMIC Administrator, pursuant to which the Nationsbanc Montgomery Funding Corp.

‘http://www.secinfo.com/d1Z7kr.683.d.htm 10K & 99.4 Distributions
Delaware Corporation, IRS 56-1950039 SEC CIK 1058990 SIC CODE 6189 ABS
[EX-4 Filing –by Cadwalader…]
Office Address Map…
Mail Address Map…

C/O Norwest Bank Minnesota N A
11000 Broken Land Parkway
Columbia, Maryland 21044
U.S.A. Nationslink Funding Corp
100 North Tryon Street
Charlotte, North Carolina 28255
U.S.A.
2 Filing Agents Have Made Filings For Nationslink Funding Corp Comm Mort Pass Thr Cert Ser 1998-1:
Last Filing Filing Agent¹

12/20/99 Norwest Asset Sec Corp Mort Ps Thr Cert Ser 1998-1 Trust
4/15/98 Cadwalader Wickersham & Taft LLP [ formerly Cadwalader Wickersham & Taft ]
________
¹ The SEC does not publish the names of most Filing Agents.
Last Filing Registrant

12/14/11 Banc of America Merrill Lynch Commercial Mortgage Inc [ formerly Banc of America Commercial Mortgage Inc ]
Registrant
Formerly Assigned On
Banc of America Commercial Mortgage Inc 8/31/00
Nationslink Funding Corp 12/18/95

Office Address Map… Mail Address Map…
Bank Of America Corporate Center
100 North Tyron St
Charlotte, North Carolina 28255
U.S.A. Bank Of America Corporate Center
100 North Tryon Street
Charlotte, North Carolina 28255
U.S.A.

Phone Number Incorporated In IRS Number Fiscal-Year End SEC CIK #
1-704-386-2400 Delaware, U.S.A. 56-1950039 12/31 1005007

SIC Code Industry Source As Of
6189 Asset-Backed Securities (ABSs) SEC 12/14/11
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1005007&View=Relationships

1 Filing Agent Has Made Filings For Norwest Asset Sec Corp Mort Ps Thr Cert Ser 1998-1 Trust:
Last Filing Filing Agent¹

5/8/98 Cadwalader Wickersham & Taft LLP [ formerly Cadwalader Wickersham & Taft
ASSIGNED 10/26/1993
FILER, OWNER, FILING AGENT – 11,836 SEC Filings (from 5/3/96 to 12/23/11)
100 Maiden Lane
New York, New York 10038
JURISDICTION: NEW YORK – NO IRS# SEC CIK 914121
2 OWNER RELATIONSHIPS ANACOMP INC, ENRON CORP (ARE THEY RELATED TO MAIDEN LANE ?) http://www.secinfo.com/$/SEC/Registrant.asp?CIK=914121&View=Relationships

Norwest Asset Sec Corp Mort Ps Thr Cert Ser 1998-1 Trust
IS THIS CTS-LINK DISTRIBUTIONS FOR NASCOR.
23 AFFILIATE RELATIONSHIPS
FILING AGENT FOR 2,669 REGISTRANTS
http://www.secinfo.com/$/SEC/Registrant.asp?CIK=1056404&View=Relationships

WELLS FARGO ASSET SECURITIES CORP (FORMERLY NORWEST ASSET SECURITIES CORP)

THE CONFORMED NAME CHANGES IN ORIGINAL
1/27/99 Norwest Asset Sec Corp Mor..Trust 15-15D 1:2

Notice of Suspension of Duty to File Reports • Form 15
Filing Table of Contents
Document/Exhibit Description Pages Size
1: 15-15D Notice of Suspension of Duty to File Reports 2± 8K
Filing Submission

Submitted by: Norwest Asset Sec Corp Mort Ps Thr Cert Ser 1998-1 Trust (as Filing Agent)

0001056404-99-000155
15-15D
1
19990127
——————————————————————————–

NORWEST ASSET SEC CORP MORT PS THR CERT SER 1998-1 TRUST
0001056404
6189
NY
1231

15-15D
34
333-21263-22
99513651

C/O NORWEST BANK MINNESOTA N A
1100 BROKEN LAND PARKWAY
COLUMBAI
MD
21703
3016967900

NORWEST BANK MINNESOTA N A
1100 BROKEN LAND PARKWAY
COLUMBAI
MD
21703

——————————————————————————–
15-15D

 

7 Responses

  1. Thank you, you are right, it is a tad over my head, but I get the gist of what you are saying. I did contact SEC and they cannot find any trace of the alleged Chevy Chase certificates after an extensive search.

  2. I always see ‘securitized’ or ‘securities’. Mine was sold as Chevy Chase Bank ‘certificates’. Does anyone know if this is the same thing, or different? My loan was sold to US Bank and Chevy Chase certificates within a week of signing. Assigned to Chevy Chase Bank certificates and MERS, no mention of US Bank till they made the credit bid at the auction. Thanks for any help.

    —————————————————————————————–

    Here is the short form of the detailed analysis

    You have Chevy Chase Bank, F.S.B. (the “Bank”) in connection with the issuance of

    The Chevy Chase Receivables or Trust Receivables Backed Certificates, Class A (the “Certificates”) under the above-referenced Registration Statement on Form S-3,declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Act”),

    The Certificates will be issued pursuant to
    Seller : under a Pooling and Servicing Agreement (the “Pooling and Servicing Agreement”), a form of which has been filed as Exhibit 4.3 to the Registration Statement, to be entered into between

    Seller and servicer,Chevy Chase Bank, F.S.B. (the “Bank”) and
    U.S. Bank National Association, doing business as First Bank National Association, as trustee (the “Trustee”).

    Hint: All the other players are “moot” thus the reaso for MersCorp. Its for sophisiticated accountng rules , much yet to have been revealed.

    I’m sorry – this is a tough egg to crack if you wing it on your own .

    M.Soliman
    expert.witness@live.com

    ——————————————————————————–

  3. December 5TH 2012

    Dear Neil;

    This is exteremly difficult subject matter . You got to know in depth more than they publish here :

    Norwest Bank Minnesota NA ‘Trustee’
    MSoliman – They are the COUNTER PARTY BOND HOLDER

    NATIONSLINK FUNDING CORPORATION, as Depositor,
    MSoliman – They are the REMIC REGISTRATION OF PREFERRED SHARES

    NATIONSBANK, N.A., as Mortgage Loan Seller,
    MSoliman – They are the SPONSOR & TRS

    BANK OF AMERICA NT&SA as Additional Warranting Party,
    MSoliman – They are the CO UNDERWRITER AND ISSUER

    MIDLAND LOAN SERVICES, INC, as Master Servicer,
    MSoliman – They are theSECURTIES ADMINISTRATOR

    LENNAR PARTNERS, INC., as Special Servicer and Sponsor,
    MSoliman – They are theCO SPONSOR

    NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, Trustee
    MSoliman – ORIGINAL TRUSTEE AS FHLBB / WAREHOUSE LEDER

    REMIC Administrator, pursuant to which the Nationsbanc Montgomery Funding Corp.
    MSoliman – They are the LENDER AND LEASE SERVICER

    I have begged you and pleaed for your staff to listen and you won’t . Your off on your own in another world and wow…your missing the opportunity big time .

    You need to further break this down and your obviously not working with anyone on the inside …so I am afraid -your guessing. Here it is…it’s been coming…NO CIGAR Chief.

    Peace brother ….as for a threat to the lender’s survival —no threat!

    I hope this was some help.

    MSoliman
    expert.witness@live.com

  4. FANNIE FREDDIE – BACK TO SIMULATE THE MARKET OR ADVANCE MORE FORECLOSURES….

    http://www.free-press-release.com/news-fed-and-fannie-plan-sure-to-cause-more-foreclosure-heartache-1325775279.html

  5. I always see ‘securitized’ or ‘securities’. Mine was sold as Chevy Chase Bank ‘certificates’. Does anyone know if this is the same thing, or different? My loan was sold to US Bank and Chevy Chase certificates within a week of signing. Assigned to Chevy Chase Bank certificates and MERS, no mention of US Bank till they made the credit bid at the auction. Thanks for any help.

  6. Not this developer here. But I was not a big guy. The national homebuilders came in and lot prices went through the roof. The local guys on the ground that prepared the dirt took on most the risk as the national builders just buy the lots via options and contracts. When the market sank, the big builders just did not exercise their options leaving the local guys and local banks stuck with the projects. Although there were plenty of people investing that had no business being involved.

  7. The developers did this in a JOINT VENTURE.

    Read my FOURTH AMENDED Complaint against Hovnanian and First American Title Company
    http://www.KFraud.com

    The arrested the Escrow agent, and switched LOTS on us, and used my husband as a Straw-man. T

    This IS THE CASE-they will do almost anything to keep it away from a JURY!

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