see http://www.latimes.com/entertainment/envelope/la-en-mortgage-meltdown-20151229-story.html
The article in the above link pretty much says it all. It highlights two movies — The Big Short and 99 Homes — to show the proliferation of scams that enabled the government and the banks to make it appear that there was government intervention. Like securitization, servicing, and trusteeship of fake trusts, it was and remains a complete illusion.
The bitter truth is that the Banks intentionally convoluted their scheme such that it would take intensive study, experience, training and knowledge to even pierce the first layer of their bogus scheme based mostly on a conventional Ponzi Scheme. Practically nobody in government, law enforcement or anyone else was willing to invest the time and energy. I am currently writing my own book designed to help people understand but more importantly what they can do about their situation when some stranger comes to evict them from their home.
The closest we have come to getting some revelation about the 2008 massacre are the movies that nibbled at the edges. The Big Short is somewhat informative and comedic in its mode. The movies are entertainment — not the opening or closing statement in a court of law. Don’t mistake the information in the movie as anything close to evidence that is admissible in court.
What they say is mostly true but it isn’t evidence — especially in the hostile environment of judges on state and federal benches who refuse to even consider the idea that homeowners were deliberately seduced into executing paperwork they could not possibly understand, thus rounding out the scam pulled on investors when they were supposedly sold certificates and were later described as certificate holders (in a completely empty trust).
Filed under: foreclosure |
Here’s hoping Mr G. Has connections in Hollywood to turn his book into a movie or docuentary and blow the lid off this dog and pony show!!
here is Santa Claus … he changed his name to CFPB!
http://www.insidearm.com/opinion/the-demise-of-the-profession-of-the-practice-of-law-for-consumer-collection-attorneys/
@ dandiener1
At this stage, it is both objectionable and a trap to refer to a LINO (Lender In Name Only) as a “lender” when we know that the LINOs never intended to, and did not, lend any of its’ own monies. Because of the immediate securitization, these were CONDUIT transactions WITHOUT a “lender”; other than a LINO.
…”swaps the note…to the “real lender”” is irreconcilable. The NOTEs were either vaulted or destroyed, so a NOTE could not be “swapped.” However, the PAYMENT INTANGIBLE was most likely HYPOTHICATED &/or RE-HYPOTHECATED multiple times.
Upon execution, the NOTE was hypothecated to a REMIC TRUST. Whether a REMIC TRUST exists, and whether the NOTE was delivered to the REMIC TRUST is what is being concealed; necessary to perpetuate the fraud.
D, as I have state previously but you may not have seen it, the only way you can figure out which entity is which is by their EIN number or their FEIN number. Those numbers can be obtained from the IRS directly or by calling the entity and saying that you need the number for tax purposes.
Gentlemen & Ladies (you too Ms. LVent)
Pull up your boots, drill down, and find the companies and contracts you’re looking for here:
https://www.lawinsider.com/companies
Also JavaGold, these big banks have created “mortgage servicing” associated entities that are not “the Lender,” but are indeed collection agencies with similar names to their parent bank… That creates major confusion …. The fake trusts also have similar names to the banks themselves, adding to the confusion issue — which is the banksters’ desired intent.
Java Gold
…my wording, punctuation, and spelling were poor.. please fill free to connect the dots. (Not to be confused with Deeds of Trust ).
Java Gold… If I’m correct (and I don’t know this for certain, ) Freddie Mac’s purpose is to be a “guarantor” of loans they acquire from the original lenders. I don’t think they make direct loans to homeowners. They purchase pools of loans from loan originators as “investments”.
This acquisition scheme creates a “secondary market” and “swaps the note (the borrower’s promise to make payments/an asset) to the “real lender.” This asset (and attached security instrument/mortgage) was acquired at the “loan closing” when the Lender paid off the construction loan owed by a builder.
But this is what my understanding of their purpose was… to provide liuidity in the mortgage market. … years before the Financial Crisis.
It may be that Freddie Mac bankrupted and the assets (mortgages of the bankruptcy estate) were sold at a discount to others (successor investors).. who have contracted with “mortgage servicing companies” to administer these mortgages /assets…. collect and remit payments and/or conduct foreclosures; remit net proceeds of public sales; and seek default deficiency judgements from the initial borrowers.
Catherine fitz is dead on. continuous securitization of the same note turned 100k into 1 million. I have 2 notes, one that shows my account # typed on the note and one that has no account #. all copies mind u, but evidence that cannot lie.
@ greg
http://www.state.il.us/court/supremecourt/Public_Hearings/Mortgage_Foreclosure/Practice_Procedures/2012/iba.pdf
Do you happen to have the case name and number of the recent Appellate Foreclosure Defense Revolution in Hawaii that you mentioned?
SORRY TO MOST FOR THE ALL CAPS…
THANK G0D THAT LAWYERS ARE NOT EMPLOYED AS LIFEGUARDS OR THE COAST GUARD… FOR IF THEY WERE, NO MAN OR WOMAN WOULD SURVIVE A NEAR-DROWNING EXPERIENCE WITHOUT BEING FORCED TO PLEDGE THEIR LIFE AND FUTURE INCOME TO THE BAR-STARD…
PROVE ME WRONG…
g
Glad to see a reference to “99 Homes”
djabelanger, on December 30, 2015 at 6:38 pm said:
all must read this.
https://www.mesirowfinancial.com/mfc/collateral/rescap/examiners_report_section_8.pdf
How does Wells Fargo the original “lender” at closing and the only Servicer of loan NOW says they are a debt collector on behalf of Freddie Mac who is lender but they keep saying “investor”. I can’t get my head around this point. And where did my $100,000 hard cash deposit go ???? The seller only got $20,000 equity from sale. I think I was robbed !!! And who and where did Freddie Mac come from. I Never heard their name until foreclosure papers !!! There needs to be a debt reduction for all taxpayers/homeowners harmed and/or upside down. Just like Iceland.
How does Wells Fargo the original “lender” at closing an the only Servicer of loan NOW says they are a debt collector on behalf of Freddie Mac who is lender it they keep saying “investor”. I can’t get my head around this point. And where did my $100,000 hard cash deposit go ???? The seller only got $20,000 from sale. I was robbed !!! And who and where did Freddie Mac come from. Never hard there name !!!!
Another link related to “The Big Short” about Dr. Burry: and disastrous Fed policies.
http://www.housingwire.com/articles/35940-the-big-shorts-michael-burry-on-disastrous-fed-policies-failure-of-dodd-frank?eid=311687353&bid=1267051
https://www.youtube.com/watch?v=0vBpByXuECE
Check out Catherine Austin Fitts and residential mortgage debt and fraud. Could have all been paid off. Where did the money really go?
Reblogged this on Deadly Clear and commented:
Maybe part of the reason that the DOW and the Nasdaq started the year down this much – a decline not seen in a New Year in over 80 years has something to do with the truth permeating the movie screens.
While reading THE FRATERNITY: Lawyers and Judges in Collusion as told by Justice John F. Molloy, I have begun to realize the powerful influence driven by this sector of the government and how it negatively affects the average citizens and manipulates the other branches – local and federal.
This morning’s LA TIMES headlines California’s right to ask its citizens if they want Citizen’s United overturned… maybe the tide will turn with the help of those more concerned about morality and integrity than the delusion of hefty bank accounts. One can only hope. Happy New Year.
Maybe part of the reason that the DOW and the Nasdaq started the year down this much – a decline not seen in a New Year in over 80 years has something to do with the truth permeating the movie screens.
While reading THE FRATERNITY: Lawyers and Judges in Collusion as told by Justice John F. Molloy, I have begun to realize the powerful influence driven by this sector of the government and how it negatively affects the average citizens and manipulates the other branches – local and federal.
This morning’s LA TIMES headlines California’s right to ask its citizens if they want Citizen’s United overturned… maybe the tide will turn with the help of those more concerned about morality and integrity than the delusion of hefty bank accounts. One can only hope. Happy New Year.
All very sad but true. We were met with hostility at every turn including appeals. We so wanted to request a voir dire in appeals court but frankly we were out of money and had to move out. Not one judge along the way wanted to hear any of what WE had to say. Every robosigned and fabricated document from an already compromised foreclosure mill (Shpiro & Burson) was accepted as gospel truth. We were treated like pond scum.
FAKE PAPERS and LAND SWINDLING Gee Financing Paper Land Cons Who would have ever figured …….. http://ricorealtythelootedtrillions.blogspot.com/
The Recent Appellate Foreclosure Defense Revolution In Hawaii:
What Still Remains To Be Done And Will It Spread To Other States?
(click here to listen)
MATSUYOSHI
LEMAY
SMITH
SANTIAGO