Is it identity theft or invasion of privacy?

They have stopped calling the certificates mortgage  bonds because they have nothing to do with the mortgages and they are not bonds.

Hat tip to “Summer Chione”


This is a very good article that was written as an email. My compliments to the author.


However, after additional analysis and reflection I think I have come to a different conclusion regarding identity theft by the banks. The securities that were sold were merely based upon data reported by the investment bank in its sole discretion — meaning the issuing investment bank (masquerading as an underwriter) could say anything it wanted and everyone else (including counterparties to hedge and insurance contracts) were contractually bound to accept such pronouncement.
The actual asset that was securitized was the proceeds of a bet about the value of the fictitious portfolio or data arising out of specific events. All this was done under cover of a scheme in which the certificates that investors purchased were originally labeled as mortgage bonds. They have stopped calling the certificates mortgage  bonds because they have nothing to do with the mortgages and they are not bonds.
As part of the illegal scheme they pretended to own the debt, note and mortgage of homeowners when in fact nobody did own it. And to corroborate the erroneous presumption that the loans were being acquired through purchase and sale they added personal information about the individual homeowners. So the securities were sold but apparently not the identities. And the identities of homeowners were not actually turned into any sort of commodity.
So my current opinion is that, without consent of homeowners, they were name dropping and they were distributing confidential personal information to those who had no actual need to know that information, because the “investors” (i.e., victims) were buying into certificate accounts that conveyed no right, title or interest to any debt, note or mortgage.
This means that if a claim exists it might be invasion of privacy. Such a claim would also highlight the fact that securitization of loans does not in fact exist.
The following is Summer’s article:

CoreLogic is much more dangerous than you think. 


CoreLogic  is a Grey Lord of Black Knight (Fidelity Financial) and Investment Bank whose duty is to PUSH YOU in foreclosure by any possible means. They also manipulate your data in their system and prepare forged documents in foreclosures. 
Black Knight and CoreLogic are the actual  parties who originates and services your “loan” from money provided them by Investment Banks. 
All others are scam. So, don’t try to understand how default debt buyers like Truman Trust or Lone Star or BlackRock got your loan as “default debt”. They never did. 
They merely entered their password on Black Knight/CoreLogic’s system where information about your loan is listed as “defaulted” 
I use Rubic’s Cube as a sample to illustrate how Black Knight’s system works, just to visualize .
Generally, the cube has 6 sides which can rotate in all directions. You can only see the front of the cube – but not the mechanics. 
It used to be purely mechanical game, now it was invented electric self-solving Rubic’s cube. 
Now imagine that each side of the “cube” is DATA about your loan and other loans. Green side is performing loan; yellow is default, red is foreclosure, blue  are swaps ; white is options; orange are futures or hedge contracts. 
Anyone who has client number and password can get asset to DATA about your loan in its  square  of the cube. But the data always stays inside the cube, only sides are turned into different directions. 
Truman Trust  most likely has its client number and password in Black Knight/CoreLogic’s  system where DATA about your loan is shown as  default while Rushmore Servicer has its own password to present you copies of someone’s accounting entries as “evidence of ownership” .
This is how all possible players appear in Elle’s transaction. At some point all of them used Black Knight’s DATA about her loan to trade it while ALL transactions and money were handled by Black Knight/CoreLogic who paid insurance and taxes from investors money while Big Banks pocketed your escrow funds. 

While Black Knight uses its system Empower to originate about 62% of ALL loans since 2015; CoreLogic has numerous platform, one of which called Lending Pad. 

CoreLogic steal your identity, resell it to millions of other people (particularly predatory lenders)  without ANY consent from you or your knowledge; and place you under all possible undue hardships like bogus Flood Insurances – without any FEMA involvement. FEMA agreed to this scam because it means free easy money for them.  

CoreLogic is the one who appraise your property above market place to help banks to trade your identity at the higher price. 

CoreLogic is the one who secretly from you  maintain ALL your data, has access to ALL your credit reports forever. 

Lenders can request an Instant Merge credit report and find the most up-to-date borrower information available from the three major credit bureaus—Equifax, Experian and TransUnion.

HOW Merge Credit can get your information from major credit bureaus and WHY nobody tell you about transfer of your data to CoreLogic???

CoreLogic Flood Determinations are the most widely accepted and transferable Life of Loan Determinations on the market. Backed by more than 20 years of experience, CoreLogic guarantees that its Flood Determinations meet all federal regulatory requirements. Using the Standard Flood Hazard Determination Form from the Federal Emergency Management Agency (FEMA), the Flood Determinations provide all of the information necessary to determine whether flood insurance is available or required

This is slavery and terror. 

CoreLogic is  a part of First American Title (with whom they purportedly “spun” about 10 years ago. Thus, when you get a property Title Insurance from a smaller sham conduit “Title Company”, you get it from the Mafia. 
Either from CoreLogic’s FAM or Black Knight’s bundle of Title companies. Smaller “issuers” merely sell you CL or BK policies which will not cover anything. 

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5 Responses

  1. Thank you Summer for great article.

    And, how did Biden, Harris, and Obama lead us out of the Great Recession (a/k/a The Great Fraud Scheme) as they claim? I think I missed that.

  2. I have a letter from the Mill Attorneys stating that the alleged loan has been decelerated and I can just pay to the Mill directly the alleged loan “balance” from 11 years ago (the date of the alleged default) plus attorney fees. Appears that the Mill took it upon themselves to “decelerate” the alleged loan. However, the current loan servicer apparently did not the get the memo from the Mill and keeps sending me monthly statements stating that your subject loan has been accelerated.
    That tells me that 1) the Mill does not know who they are even representing anymore and 2) the servicer does not collaborate with the Mill. The servicer is just the bottom feeder debt collector and The Mill is trying to eke out what they can from me. The Mill lost summary judgment over 2 years ago, but the Judge of course left the door open for them to come back for my property. I guess it gives the Mill more time to fabricate documents and coach Declarations from loan servicer personnel who know absolutely nothing about what transpired in the last 11 years. They just print screens from Black Knight and Core Logic, call themselves “Custodians” and hope it all sticks in court. Most of the time it unfortunately will.

  3. I’ve had BOA. SLS and now Rushmore as Servicers within the last 12 months. ALL 3 have statements with different monthly payments they say are owed and SLS even went so far to Post dated and change the monthly figures on their very own statements that contradicts their earlier statements with a completely different monthly balance. Yet the courts still allow this fraudulent Fraudclosure to continue and the lowlife debt collectors and law firms keep piling on the fees. Ridiculous!!

  4. The nightmare of losing our homes will never end, the fraud and theft is allowed and covered up by the legal system which protects its own and our government which is protecting the financial thieves.

  5. Both. While Big Banks themselves do not steal borrowers identities – they use thievery services from CoreLogic and Black Knight who are the actual “moving parties” who process this scheme.

    Corelogic and Black Knight collect your information, convert it into data and pass this data to companies who pay them for services.

    I consider CL and BL actions as identity theft and invasion, while Big Banks actions more related to invasion and unjust enrichment from involuntary servitude.

    I have financial statements from former Countrywide Financial – Caliber which (1) do not identify which company whey came from; (2) show very weird transactions which never were disclosed to me such as multiply transfers of my loans to secretive parties ; with different amounts.

    Like between Feb 1 to March 1 my loan was transferred 4 times. with $1,360 monthly payment which I never had.

    Moreover, Caliber tried to charge me for some bogus “deficiencies” which did not appeared on “their” statements”

    In May 2019 My “loan” was “sold” to PennyMac – while their statements (which both times looked different) showed that “new loan was established”

    All of it is done with VA loan – which must be highly regulated while neither VA or Ginnie Mae have no idea who owns my loan and whom they guarantee payments.

    Did anyone noticed that GSE also do not claim “ownership” of mortgages?

    GSE merely refer themselves as “related to mortgages” .

    In what capacity?

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