TONIGHT! Why Lawyers Should Want Foreclosure Defense Cases and What They Are Missing $$$

Posted on January 21, 2021 by Neil Garfield

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This show is devoted to convincing the lawyers who will listen that they are missing out on something very profitable and important. Representing homeowners faced with foreclosure papers can and does present an opportunity for large paydays, consistent victories in court, and playing a part in changing the trajectory of home finance in this country and around the world.

In 2008 I presented a seminar that provided the essentials of foreclosure defense as we knew them at that time. We repeated it several times in different parts of the country. In that seminar, I also presented a business plan for lawyers to do it. It was the hub and spoke plan that allowed homeowners to pay monthly based upon the known length of time that any foreclosure would last. About a dozen lawyers followed my instructions and made millions of dollars.

It’s time for a new push.

Filed under: AMERICAN HOMEOWNERS COOPERATIVE, education, foreclosure, foreclosure mill, investment banking, Investor, MODIFICATION, Mortgage, Presumptions, prima facie case, securities fraud, sham transactions, standing, TRUST BENEFICIARIES | 6 Comments »

What Happened With Your “Loan” — By admitting that you received a loan you lose.

Posted on December 16, 2020 by Neil Garfield

The plain truth is that homeowners are losing their cases through assymetry of information. They think they understand when they do not have a clue. They are admitting the obvious, which turns out to wholly untrue. In so doing they give the court no choice but to enter judgment aganst them.

ApplicationForLoanProcessAndFundingOfServiceFees

I am experimenting with new ways to present this. If you click on the above chart you will see that the application process is actually a dead end. Nobody actually agrees to lend any money. Nobody does lend money.

Money arrives later at the “closing” table but unknown to the borrower it is not a loan. Contrary to popular belief which is based on ignorance of the actual process, no loan is sold. No obligation is sold. Nobody ever becomes the owner of any loan or obligation. Nobody records a purchase of any loan obligation. And nobody maintains any loan account receivable.

Whether it is described as a loan broker or “loan originator” (for which there is no legal definition) it is there for the fees. It is not present to participate in any loan nor does it receive any profit from making a loan. It does not share in any profit from making a loan because there is no loan. There is no lender. Calling it a lender does not make it a lender.

But you can reverse that (and lose your case) by calling it a lender in your conversations, pleadings, motions, memoranda or argument in court.

As soon as you have done that, for purposes of that case, you have admitted the existence of the loan.
In so doing you have tacitly admitted that the loan broker or the originator was the lender.
In admitting that there was a lender you have identified the lender as the loan broker or originator.
By doing that you have admitted that the originator had ownership of the underlying obligation.
By admitting that, you have admitted that the originator or broker paid the money that appeared at the “closing table.”
By admitting that you have also admitted that the lender — or its “successor” — suffered an actual economic loss that was proximately caused by the “nonpayment” of the homeowner.
And so by admitting that you have admitted that the action for foreclosure is valid.

Just a word about “successors.” You will often find the word used. Sometimes “MERS and its successors.” Sometimes “MERS for XYZ and its successors.” A successor is a company who has purchased the obligation or who has purchased the company that owned the obligation. In residential transactions, there is almost no instance where such an event has occurred.

There are no successors. There are no companies even willing to pose as successors unless they are sham conduits — thinly capitalized to be thrown under the bus or thrown into bankruptcy. The way this is done is clever. Sometimes the sham is actually just a trade name masquerading as a company or a “trust.”

Trusts do not exist for legal purposes unless there is something of value entrusted to a person or company for purposes of administering that thing (res, in Latin) for the benefit of beneficiaries.

The place where many lawyers get hung up on that is that there exists an “allonge” or assignment of mortgage” or “assignment of beneficial interest” to, for example, U.S. Bank, as trustee for ABC-2006 certificates.

If you dig deep enough in discovery just under the surface you will find a “trust agreement.” The trust agreement never grants any powers to the administration of any affairs to the named trustee. So U.S. Bank is actually prohibited from doing anything with the paper that is assigned to it. In fact, you will find that it lacks the right, power, or duty to even ask what is happening in “the trust.” So labeling it as trustee is merely window dressing and does not describe any trust relationship or position. But you can change all that and lose the case simply by your own reference to U.S. Bank as a trustee, which in turn admits the existence of a trust etc.

Note that the paper “entrusted” to the trustee is not for benefit of investors who, by the ay, are not beneficiaries of the trust. the securities broker is the beneficiary. And note also that the paper transfer of an interest in a mortgage is a legal nullity in all jurisdictions unless there is a contemporaneous transfer of ownership of the underlying obligation. This is further amplified by Article 9 §203 UCC, adopted in all US jurisdictions, that requires payment of value as a condition precedent for filing any foreclosure action.

Please also take notice of the fact that the purported delivery of the original note is mostly fiction since the original note was most likely destroyed shortly after the “Closing.” But even if delivery of the original note is deemed to have occurred, the possessor is neither a holder nor anyone else entitled to enforce it unless they received a delivery from someone who owned the underlying obligation or note.

This is where the Wall Street brokers have snookered the courts, the lawyers, and even homeowners themselves. A holder is someone who has possession and has the right to enforce. The case for foreclosure fails on this point unless, here it is again, the homeowner admits delivery or fails to contest it and allows the assumption of authority to enforce to operate without rebutting that presumption through discovery.

So when U.S. Bank or Bank of New York Mellon says it is appearing “not on its own behalf” you should take them at their word. They have no interest. Treating them as though they do have an interest only leads to the same series of conclusions described above causing the court of law to conclude that your defenses are both technical and dilatory. You have already admitted the case against you — so why are fighting it? That isn’t bias. It is the standard operating procedure. Courts are not exhibiting bias when they do that. They are following orders based upon centuries of legal precedent and statutes.

I have many followers who are adhering to the untenable notion that the courts are acting out of bias or even malice. They are not — even when the judge appears irritated. You must get off that tack which will gain you nothing and lead nowhere and get on board with a defense that actually does work, based on the facts and existing law. Getting angry with me for saying that homeowners are losing their cases rather than “banks” winning the case is a failure to recognize the fact that few people are able to make sense out of the process called “securitization” — a process that never actually happened in residential transactions with homeowners.

Neil F Garfield, MBA, JD, 73, is a Florida licensed trial and appellate attorney since 1977. He has received multiple academic and achievement awards in business and law. He is a former investment banker, securities broker, securities analyst, and financial analyst.

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FORECLOSURE DEFENSE IS NOT SIMPLE. THERE IS NO GUARANTEE OF A FAVORABLE RESULT. THE FORECLOSURE MILLS WILL DO EVERYTHING POSSIBLE TO WEAR YOU DOWN AND UNDERMINE YOUR CONFIDENCE. ALL EVIDENCE SHOWS THAT NO MEANINGFUL SETTLEMENT OCCURS UNTIL THE 11TH HOUR OF LITIGATION.

But challenging the “servicers” and other claimants before they seek enforcement can delay action by them for as much as 12 years or more.
Yes you DO need a lawyer.
If you wish to retain me as a legal consultant please write to me at neilfgarfield@hotmail.com.

Please visit www.lendinglies.com for more information.

Filed under: burden of persuasion, burden of pleading, BURDEN OF PROOF, discovery, Discovery -Subpoena, education, evidence, expert witness, Fabrication of documents, foreclosure, foreclosure mill, forensic investigation, investment banking, Investor, jurisdiction, legal standing, TRIAL OBJECTIONS, trial strategy, TRUST BENEFICIARIES, trustee | 4 Comments »

Document Review for Dummies: Why homeowners and their lawyers get confused by documents proffered by foreclosure mills

Posted on November 10, 2020 by Neil Garfield

It occurs to me that most questions I receive contain either an inquiry about the meaning of documents or statements as if they know the meaning of documents. So here is a short primer on reviewing documents that might help.

WHAT (IF ANYTHING) IS THE TITLE OF THE DOCUMENT?

While this seems to be simply a matter of reading and common sense, there is more to it than that. If I draw a rough picture of a dollar bill and hand it to you, nobody will accept it as payment for anything even if the writing on it says “United States Currency” or “One Dollar.”

The reason for that is simply one short statement: No document is an event. And no label can change that. In the case of my artistic dollar, the event would have been a law that says anyone can draw a dollar bill and that everyone must accept it for all debts, public and private. No such preceding event has ever happened nor is it ever going to happen. People don’t issue currency. Governments do that.

Labeling it as “one dollar” has no more meaning than angel wings in the snow. But while it is a lot less fun than angel wings, a really good fabricated picture of a dollar is likely to be accepted as if it was a real dollar bill. But passing the fake dollar is an illegal act subject to criminal and civil liability.

APPLICATION: Just because a document bears the label “deed,” “assignment” or “allonge” doesn’t make it so. But most homeowners, lawyers, judges and even regulators fail to recognize this basic common sense precept that has been enshrined in law since the law was first written. This error has even become doctrine, supported by legal presumptions if the face of the document confirms to what would ordinarily expect on the face of such a document.

EXAMPLE: An “assignment” is not an assignment of the mortgage unless (a) the grantor owns it and (b) the assignment also conveys ownership of the underlying debt (or the underlying debt was conveyed in a separate instrument by a grantor who owned the underlying debt). [NOTE: Even then the assignment might not be legally effective such as in the case where someone with toxic waste liability conveys the property to a dummy corporation to avoid being hit with damages, fines and penalties. The grantee must expressly or tacitly accept the assignment.] Ref: Article 9 §203 UCC.

WHY WAS THE DOCUMENT CREATED?

The answer to this question there’s actually another question, to wit: what was the event in real life that the document was intended to memorialize?

This reminds me of what my contract professor in law school pounded into our heads on a daily basis, to wit: The note is not the debt — although it may be evidence of a debt.

The debt exists only in the event of a real-world transaction that is enforceable by law. In the case of loans, that is created upon delivery to the closing table. The debtor is the one who accepted that money with eh understanding he/she had to pay it back and the creditor is the one who gave him/her the money. The debt exists regardless f whether there was my written document. It exists independently of any written document.

If the Payee named on the promissory note is the one who paid money to the debtor/maker), the note is admissible evidence in court to prove the terms of repayment and the existence of the debt. In fact, the law has developed that such a note merges with the debt such that the maker and debtor are the same and the Payee and creditor are the same.

BUT if the Payee named on the promissory note is NOT the one who paid money to the debtor/maker), the note is NOT admissible evidence in court to prove the terms of repayment or the existence of the debt. HOWEVER, under modern law, the execution of the promissory note gives rise to its own independent liability of the maker regardless of whether there was any debtor-creditor relationship between maker and payee. Ref: Article 3 UCC.

Such liability can be enforced over the objection of the maker (that here was no real-world transaction giving rise to the obligation) if the party enforcing the note was a bona fide purchaser for value, acting in good faith and without knowledge of the borrower’s defenses at the time the note was purchased.

APPLICATION: Generally speaking, if there is no real-world event memorialized by the document proffered by a party in litigation, the document is inadmissible as proof of the matter asserted — i.e., that the homeowner owes a debt to the party seeking to enforce it. If there is some real-world event (i.e., the homeowner received the money), then the question becomes whether there existed a legal binding relationship between the Payee on the note and the party who paid the money.

BUT, if the party who paid the money did so with no intent to acquire it or retain ownership of the debt, directly or indirectly, then the payment to the homeowner must be categorized as something other than a loan.

There might still be a liability of the homeowner, but only after the court is able to look at the transaction as a whole, and determine the reason for payment and whether that reason was satisfied by the homeowner’s conduct — which in the case of mortgage loans means the execution of documents that might not have any real value except to start the process of the sale of securities having no relation to the ownership of the debt, note or mortgage.

Such a review would also take into account whether the real terms of the contract were disclosed and whether the homeowner had an opportunity to decline participation or bargain for other terms.

EXAMPLE: As explained above an assignment of mortgage is a legal nullity in all States unless the grantee has also paid value in exchange for a conveyance of ownership of the underlying debt —from someone who owns it. Article 9 §203 UCC, adopted in all 50 states, takes it one step further requiring such purchase before anyone could even e considered as a bona fide claimant to enforce a security instrument (mortgage or deed of trust).

So the question is ALWAYS whether such payment of value for the underlying debt ever occurred as an event in the real world.

BUT, an assignment of mortgage that APPEARS to be facially valid is often taken at face value by the homeowner, the lawyers, the course, and the regulators even though the document is not facially valid. Sometimes this is the result of ignorance or laziness. And that brings us to the next point.

WHO SIGNED THE DOCUMENT? WHERE IS WALDO?

This can be really tricky and unless you are prepared to really look at the signature block like you might look at a painting where various figures and shapes appear, you will probably tacitly admit the entire case against you. You have to look long and hard. Think “Where’s Waldo?”

Take absolutely nothing for granted.

So in court, the correct answer is “I don’t know.” After 10-20 years the homeowner has no idea what he/she signed. He/she doesn’t know if the document presented is real or fabricated. He/she, therefore, doesn’t know if that signature on that document is real or fake. SO why admit it? Tell the truth. You don’t know. Make them prove that the document is authentic, valid, and was properly signed by the homeowner(s) at the time fo the original transaction (note that I don’t call it “loan closing” anymore because I don’t think the transaction is legally or logically a loan).

Next on that assignment of mortgage or beneficial rights under a deed of trust: can you tell me in easy English who signed that document and on whose behalf the document was supposedly executed? On close examination in most cases, you cannot. If that cannot be determined from the face of the document then the document is not facially valid. If the document is not facially valid no legal presumptions can arise about its authenticity or validity.

APPLICATION: In most cases, the validity of an assignment cannot be determined without reference to “parol” (external) evidence. Such instruments are facially invalid unless there is something in the public official record that clears up the mystery. Only official public records carry the legal presumption of authenticity and validity as proof of the matter asserted.

NOTE THAT EVEN DOCUMENTS THAT APPEAR TO PASS THE FACIAL VALIDITY SMELL TEST MIGHT STILL BE EXCLUDED AS PROOF OF THE MATTER ASSERTED IF TIMELY OBJECTION IN PROPER FORM IS RAISED AS TO THE CREDIBILITY OF THE SOURCE: Self-proclaimed servicers are preferred by foreclosure mills as thought hey are third parties with no stake in the outcome of the litigation. Good discovery and motion practice could reveal that the reverse is true — the claimed servicer is really a foreclosure vehicle acting for concealed third parties and who goes out of business if the foreclosures are unsuccessful.

EXAMPLE: “John Smith, Official Document Examiner, SOLVANG SERVICING, LLC, as attorney in fact for CSLOBS, INC., successor to Jasmine Bank, as attorney in fact, for AMERICAN BANK AND TRUST, AS SUCCESSOR FOR MAKE A WISH MUTUAL BANKING, ON BEHALF OF THE REGISTERED HOLDERS OF CSLOBS, INC. PASS-THROUGH CERTIFICATES Series 2006-ZX1.”

There are lots of it assumptions that you could make about such a signature block at the end of the document. None of them would be true. And none of them would make any sense. But it is custom and practice to ignore such signature block as though an authorized signature had occurred on behalf of a grantor who possessed something to grant.

QUESTIONS:

1. 1. Does John Smith exist? [If you were creating a false document who would want to sign it with their real name?]
  2. Was John Smith an authorized signatory for Solvang?
  3. Was John Smith an employee who knew something about the content of what he was signing or did he just sign it because his job consisted of stamping it writing his signature on thousands of documents per day?
  4. Was John Smith employed by some other company that doesn’t appear on this signature block?
  5. Who owns Solvang? {If the answer is some investment bank then documents executed or created by them suffer from a lack of credibility that could bar their admission into evidence.]
  6. Is the power of attorney attached to the document?
  7. Is there any descriptive language that would enable the reader to ascertain the existence, provisions, and validity of any power of attorney at the time of signing? If not my opinion is that the document is facially invalid. External proof is required to determine whether such power exists and was granted by someone who (a) intended to grant it and (b) had ownership or control over the subject matter (i.e., the mortgage or deed of trust).
  8. Where does Make A Wish Mutual Bank fit into the chain?
  9. Who is CSLOBS, Inc.?
  10. Where and what is the registry of holders of certificates? See power of attorney analysis)
  11. Who are the holders of the certificates? [Since they are defined as the parties on whose behalf the document as executed, the absence of an actual name by which they could be identified renders the document facially invalid.]
  12. Are the holders of the certificates the owners of pro-rata shares of debts, notes or mortgages? How do we know that? If not, why are they mentioned?
  13. What exactly passes through where and who is involved in that?
  14. IS THERE A HIDDEN TRUST NAME INVOLVED IN THIS CHAIN? IF SO WHAT I OWNED BY THE TRUSTEE OR THE TRUST? WHO IS THE TRUSTEE? WHAT ARE THE TRUSTEE POWERS? WHO ARE THE BENEFICIARIES? WHO WERE THE TRUSTORS OR SETTLORS?

NOTE: I HAVE PREPARED A 2 HOUR PRESENTATION ON DOCUMENT ANALYSIS FOR A ZOOM PRESENTATION. I HAVE NOT YET SELECTED A DATE. THE PRICE IS $595 AND INCLUDES A FOLLOW UP ONE HOUR Q&A MEETING ONE WEEK AFTER THE PRESENTATION FOR THOSE WHO PARTICIPATE LIVE. NO DISCOUNTS ARE AVAILABLE. IT WILL PROBABLY BE THE FIRST WEEK OF DECEMBER. IF YOU ARE INTERESTED IN PARTICIPATING PLEASE WRITE TO ME AT NEILFGARFIELD@ICLOUD.COM. CLE ACCREDITATION FOR LAWYERS IS EXPECTED.

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CLICK HERE ORDER ADMINISTRATIVE STRATEGY, ANALYSIS AND NARRATIVE. This could be all you need to preserve your objections and defenses to administration, collection or enforcement of your obligation.Suggestions for discovery demands are included.

CLICK HERE TO ORDER TERA – not necessary if you order PDR PREMIUM.

CLICK HERE TO ORDER CONSULT (not necessary if you order PDR)

CLICK HERE TO ORDER CASE ANALYSIS

CLICK HERE TO ORDER PRELIMINARY DOCUMENT REVIEW (PDR) (PDR PLUS or BASIC includes 30 minute recorded CONSULT)

But challenging the “servicers” and other claimants before they seek enforcement can delay action by them for as much as 12 years or more.
Yes you DO need a lawyer.
If you wish to retain me as a legal consultant please write to me at neilfgarfield@hotmail.com.

Please visit www.lendinglies.com for more information.

Filed under: CORRUPTION, discovery, Discovery -Subpoena, education, evidence, Fabrication of documents, foreclosure defenses, foreclosure mill, forensic investigation, investment banking, Investor, Pleading, Presumptions, prima facie case, Servicer, TRIAL OBJECTIONS, trial strategy, TRUST BENEFICIARIES, trustee | 4 Comments »

What to Think About on Appeal From an Unfavorable Trial Court Decision

Posted on July 30, 2019 by Neil Garfield

In response to the rising number of requests for us to write briefs or narrations for briefs I submit this article which is my recent response to such a request. Here is an uncomfortable fact: most appeals arise because of mistakes made by the litigant in trial court, not the judge. All appeals MUST be based upon what did happen in the trial court not what should have happened.

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Get a Consult and TERA (Title & Encumbrances Analysis and & Report) 954-451-1230. The TERA replaces and greatly enhances the former COTA (Chain of Title Analysis, including a one page summary of Title History and Gaps).

THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER.
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Yes we write briefs or narration for briefs all the time. Costs run from a low of $6500 to a high (so far) of $15,000. It depends upon how much we need to do. Legal research alone is usually around $1500-$2500. You should have local counsel or appellate counsel to advise you on appellate procedure. There are time limits on everything including filing the notice of appeal which must state specifically what order is being appealed and that it is a final order. Sometimes people get kicked out of appellate process because their notice of appeal cited the wrong order and then the time limit for filing the correct notice has expired. It is very technical.

FACTOID: There are statistics on appeals. Generally only one in 6 appeals are successful by any measure and of those many of them are only partially successful requiring additional proceedings in the trial court. The higher you go in the hierarchy of appellate courts the less your chances your case will even be heard, much less decided in your favor. Neither the State nor the U.S, Supreme Court is under any obligation to hear your case. Of the 15% +/- that are “successful” at least half are criminal cases. That means cases involving a civil matter like foreclosure have about a 1 in 12 chance of being “successful” on appeal.

EXCEPTION TO THAT GENERAL RULE: It was pointed out to lawyers at a seminar at which bankruptcy judges were presenters, that the typical appeal from the decision of a bankruptcy judge is more susceptible to appeal than the ordinary decisions of courts of general jurisdiction. That is partly because bankruptcy judges) formerly called “magistrates” have limited jurisdiction and they frequently overstep their authority to make any decision.

There are three separate and optional avenues for appeal. Most appeals from Bankruptcy court go to a Bankruptcy Appellate Panel which is the least likely place to get a reversal. Second, many appeals are made direct to the Circuit Court of Appeals in which appellants typically don’t fare any better than the BAP. And lastly the one least used is an appeal to the Federal District Judge of general jurisdiction where the odds of success rise to 50%. The judges who pointed this out were perplexed why more people didn’t take that route.

When writing a brief, your audience is a clerk for the appellate judges. That is a young lawyer, so assume nothing. If you don’t grab the attention of the reader (clerk) immediately your appeal will be thrown onto the pile of cases that will be affirmed.

Appellate courts do not try cases — a fundamental fact that is often forgotten by lawyers and unknown to pro se litigants. Even if every judge on the panel thinks they would have decided the case differently they will probably affirm the trial judge’s decision. The principle working here is finality. The courts exist to create finality to disputes, for better or for worse. All decisions are viewed and reviewed in the context of preserving finality. The appellate court will only reverse a decision that is fundamentally wrong on the law. It will almost never reverse a decision that was wrong on the facts.

Most cases in which an appellate decision results in reversal are set up at trial. That means careful trial preparation such that a resistant judge is boxed into a corner and the issues for appeal are plain and simple. If your contested issue involves the judge’s discretion the trial court decision will be affirmed practically every time.

That said well crafted appeals that are presented with credibility and persuasion can still be filed with at least some prospect for success. Sloppy work will tank even the best case on appeal. Citations to the actual record on appeal are required — not arguing evidence that did not get into the court record (unless exclusion of evidence is the basis of the appeal). In foreclosure cases this is rare because the borrower lacks the evidence to “prove” a case.

The foreclosure case is about whether the party seeking the remedy of foreclosure was entitled to do so. Hence the issue in foreclosure cases is more often about the admission of evidence than the exclusion of evidence. Anyone can dash off a brief and “justify” a fee. Only lawyers well versed in the subject and the law surrounding the subject have any chance of producing an effective brief. The brief must be well-written with proper language, punctuation, grammar and context. It must be logical and persuasive.

Filed under: appeals, burden of persuasion, burden of pleading, education, evidence, foreclosure, jurisdiction, legal standing, prima facie case, standing | 5 Comments »

Beware of Magic Bullets

Posted on March 19, 2019 by Neil Garfield

Departing from my usual format, there are a few things I want to say to people who are looking for relief from foreclosure and are hearing what they want to hear.

ONLY A COURT ORDER CAN STOP A FORECLOSURE. THERE ARE NO EXCEPTIONS
YOU CAN’T GET A COURT ORDER UNLESS YOU FOLLOW THE RULES AND THE LAW.
NOBODY HAS EVER OBTAINED SUCH AN ORDER WITHOUT A PROLONGED COURT BATTLE.
If someone tells you “just do this” they are partially or entirely wrong or worse.
Like everything life is complicated and that includes litigation. Any thought you are entertaining that you have some magic elixir in which you will summarily get a court order is delusional.
Every plan looks good on paper until it is implemented.

I am worried that those who in good faith are trying to find the magic bullet are promoting a misguided set of principles that will continue to make bad law. I admit that I contributed to this initially back in 2008 when I proposed that a quiet title action should wrap things up. I was dead wrong and the people who continue to pursue that strategy are always getting the same result: the homeowner loses and another case is either decided badly or worse, makes bad law with a legal opinion issued by a judge or panel of judges.

The truth is that a successful quiet title action is a rare bird along with similar strategies. And remember that an unenforceable document by one party is no reason to lift an encumbrance from the chain of title. In order to remove an encumbrance from the chain of title, the instrument must be completely void and no voidable. That means it should never have been recorded in the first place or that it is now void by operation of law. That is the ONLY circumstance in which a mortgage or deed of trust or assignment of mortgage can be lifted out of the chain of title.

I do agree with the strategy of attacking the assignments in a lawsuit or motion. The motions don’t get much traction but the lawsuits tend to do better if they are pursued aggressively and persistently, with full recognition that no bank or service is going to roll over and play dead even if you are completely correct on the law. Your opponents and their lawyers will do everything in their power to wear you down, undermine your confidence and the undermine the confidence of the lawyer representing the homeowner. Your strategy must be laser-focussed, supported by substantive law and procedure.

But I don’t agree that any lay person can accomplish an attack on assignments without a lawyer representing them. If the practice of law was just about the contents of a statute we wouldn’t need courts. It’s about procedure, rules of evidence and basic notions and biases of fairness.

It’s true that the substitutions of trustee, the assignments, the indorsements etc. are probably legally void. For the most part they are fabricated. An assignment of mortgage probably lacks any foundation.

But what you’re up against, for example, is the fact that an assignment of mortgage is often assumed to be an assignment of the debt and the note. An indorsement of the note is often assumed to be an assignment of the debt. Possession of the note is often assumed to be possession of the debt. Possession is then assumed to be the result of delivery. Delivery implies authority. Transfer of the note implies a transfer of the debt. Transfer of the debt implies the assignment of mortgage was proper under state statutes. And a proper assignment supports a declaration of default and foreclosure. A proper assignment means that party foreclosing is going to get the proceeds of sale on foreclosed property. End of story.

So that is where you stand when your challenge begins. Don’t kid yourself. The task is daunting.

Those conclusions are all legally valid assumptions and presumptions because that is what the law says should be done with these documents and events. Facial validity is like possession — it’s 9/10 of the law.

If you think you can simply challenge these assumptions and presumptions and events and quickly get an order that completely undermines the parties attempting to foreclose — without going through a grueling court battle — you are simply wrong.

That said, thousands of homeowners have indeed won based upon such challenges. Nearly all of those cases have been buried under seals of confidentiality. The way they won was by educating the judge, one small piece at a time, using persuasive court techniques that nobody other than an experienced trial lawyer knows how to use. By the time the case ended, the court, unwilling to strike all such foreclosures, was careful to detail the specific abuses and gaps in the case against the homeowner.

Bottom Line: If you have the money and the time and the commitment to oppose these illegal foreclosures, by all means do it. And if you must do it pro se, know that the opposition will steamroll you on procedure and the laws of evidence. So you must have some knowledgeable lawyer giving you specific guidance as each point becomes an issue. Don’t pursue any strategy that promises to be a quick fix.

Filed under: burden of persuasion, burden of pleading, BURDEN OF PROOF, CORRUPTION, discovery, Discovery -Subpoena, education, evidence, Fabrication of documents, foreclosure, foreclosure defenses, foreclosure mill, forensic investigation, forgery, investment banking, Investor, jurisdiction, legal standing, MBS TRUSTEE, Pleading, prima facie case, quiet title, Servicer, sham transactions | 10 Comments »

Jesinoski Revisited. Rescission is in the details.

Posted on January 23, 2018 by Neil Garfield

It continues to be true that the statute is clear, the rules of procedure are clear, and the rules of evidence are clear — yet trial courts are adamantly opposed to allowing homeowners to use the power granted to them by Congress.

The second ultimate decision by the trial court that Jesinoski had to tender the money to Countrywide before the rescission could be effective is just as wrong as the same court’s prior decision that the rescission would not be effective — a decision that was unanimously overturned by SCOTUS. It put a condition on the effectiveness of rescission when SCOTUS clearly stated, and the statute clearly stated, that there were no conditions for the effectiveness of rescission other than the required notice.

Virtually everyone is ignoring the elephant in the living room, to wit: Countrywide was not a lender or even an aggregator. It was a conduit for an aggregator and far removed from the actual transfer of funds attendant to the apparent loan.

Let us help you plan your discovery requests: 202-838-6345

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Get a consult and TEAR (Title & Encumbrances Analysis and & Report) 202-838-6345. The TEAR replaces and greatly enhances the former COTA (Chain of Title Analysis, including a one page summary of Title History and Gaps).

https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments. It’s better than calling!

THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER.

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See http://mortgageattack.com/2016/07/28/jesinoski-loses-in-trial-court-proving-neil-garfield-wrong/

The ultimate decision in the Jesinoski case was against the rescission. This was wrong and in flagrant disregard of the Jesinoski decision rendered by the SCOTUS. The decision simply stated that the rescission WAS effective the moment it was dropped in the mail (or delivered.) You can read the attack on me in Bob Hurt’s blog in the above link.

Rescission was effective starting with the mailing and uncontested delivery of the notice of rescission, if someone wants to challenge it they must do so in a lawsuit to vacate the effective instrument. This is the most basic procedural law — you don’t get relief without asking for it and the way you ask for it is by filing an pleading in court and getting a decision vacating the rescission notice. This trial court never vacated the rescission probably because it knew it had no power to do so.

You can’t get relief unless you first establish legal standing. SCOTUS said that the rescission was effective in this case and all others like it. It is uncontested that rescission caused the note and mortgage to immediately become void – not conditionally but actually.

So in order to bring a claim you would need to file a claim stating that you are being injured by a wrongfully delivered notice of rescission. That is called standing. The only party who could do that is the owner of the debt, since the ownership of the note and mortgage (void instruments now) is irrelevant. And THAT is where the trial court got it wrong (again). In the absence of a pleading from the owner of the debt, the trial court was devoid of jurisdiction to render any decision in which there rescission was ignored.

Hurt, a non lawyer, is apparently attempting to discredit a Federal law. But he is voicing the party line of the banks. The trial court was twice in error when it entered judgment against Jesinoski and if Jesinoski had the resources to appeal again they MIGHT well have won. It does appear that the “issue” in the trial court was whether the rescission stands. Clearly the opposition did not follow the requirements of statute.

BUT it is possible for the appellate courts to see this as harmless error since the factual finding of the trial court was that proper disclosure was given to Jesinoski. While that finding is also appealable, appellate courts are not likely to intervene in a finding of fact unless there was absolutely nothing in the court record to justify that finding.

So in the end this is about evidence and the failure to present it.

Since rescission is all about proper disclosure and since Jesinoski failed to show that required disclosure was not given at the “closing” of the loan, it may be assumed that they would have lost in an action brought by Countrywide or its successor to vacate the rescission. But that is an advisory decision prohibited to any court.

The assumption is improper. That is why we have rules of procedure. If you want relief you must plead for it not simply argue about it. Countrywide never filed a pleading to vacate the rescission, as far as I know. And the rescission was never vacated even by this decision.

The trial court decided instead to accept the challenge from a party without standing (CW did not own the debt and their standing was entirely based upon the void note and mortgage). Inherent in the trial court’s erroneous decision was the presumption that was used to allow Countrywide to oppose the rescission — i.e., that because it supposedly had the original note and mortgage, it therefore owned the debt. The rest is history.
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This decision assumes that Countrywide had standing apart from the note and mortgage, i.e., ownership of the debt. And it also assumes that there was an action filed by Countrywide to vacate the rescission. Neither of these was addressed, much less the 20 day requirement for filing such an action. Instead the trial court simply continued its error by ignoring the rescission because of its factual finding that disclosures had been properly given. But the disclosures were given by people who withheld basic information that is required under the statute, to wit: the identity the lender and the identity of the creditor (i..e., owner of the debt).
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So this case went down because Jesinoski did not stick with the requirements of burden of proof, and the requirement that a party with standing make the challenge to the rescission within 20 days. Ignoring the 20 day limitation period results in placing a condition to the effectiveness of there rescission in contradiction to the express wording of Federal Statute and SCOTUS. There are no conditions. Jesinoski failed to press the rules of evidence, based upon the written opinion, which could have landed a victory.
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Virtually everyone is ignoring the elephant in the living room, to wit: Countrywide was not a lender or even an aggregator. It was a conduit for an aggregator and far removed from the actual transfer of funds attendant to the apparent loan.

This is why I am offering a seminar on evidence on February 2, 2018. The devil is in the details. And too many foreclosure defense lawyers do not properly prepare to attack the details. The trial court decision is basically a political decision, not a legal one. So it continues to be true that the statute is clear, the rules of procedure are clear, and the rules of evidence are clear — yet trial courts are adamantly opposed to allowing homeowners to use the power granted to them by Congress.

Filed under: appeals, burden of persuasion, BURDEN OF PROOF, discovery, education, evidence, foreclosure, legal standing, Pleading, TILA, TILA rescission | 22 Comments »

Deed Theft Scams: Why Not Prosecute the Banks Too?

Posted on April 24, 2017 by Neil Garfield

It is supreme irony that individual scam artists are being prosecuted for false representations and deed theft — while the the institutional scam artists on Wall Street did the same thing raking in trillions of dollars, without a whiff of criminal prosecution.

Get a consult! 202-838-6345

https://www.vcita.com/v/lendinglies to schedule CONSULT, leave message or make payments.

THIS ARTICLE IS NOT A LEGAL OPINION UPON WHICH YOU CAN RELY IN ANY INDIVIDUAL CASE. HIRE A LAWYER.

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see http://www.foxnews.com/us/2017/04/22/scams-push-foreclosure-fraud-to-limit-taking-victims-homes.html

What the fraudster did in this case was reprehensible and criminal. Any person who does this deserves jail. So beware of anyone who suggests that they have some nifty way to save you from foreclosure if you just deed the property to them. It’s an industry. And it is based on your payment of rent while they zig and zag with the banks.

Beware of any who promises you guaranteed results. The only thing that will stop a foreclosure judgment or sale is a court order from a court of competent jurisdiction. In the real world of the justice system there is no such thing as guaranteed results.

But when you look at the details, it is impossible to distinguish between the fraud visited upon the victim in the article linked above and the fraud visited upon the same victim that put him in the position of losing his home to another complete stranger.

Consider this:

The “loan” you received was merely one part of a fraudulent scheme in which the money of third parties was swindled from them and then applied to create the illusion of your loan.
The note you signed was to the sales agent for the fraudulent scheme and not to the party whose money was used to make the “loan.”
By receiving the money you are obligated to pay it back. That’s called the debt.
By signing the note you are obligated to make payments to the payee on the note. That’s your second liability and it WILL be enforced if someone pays real money for your signed note, at least before it goes into default. That person would be a holder in due course.
By signing the mortgage deed or deed of trust, you have put your home up as collateral to guarantee payments on the fraudulent note, not to guarantee payment of the debt.
The mortgage deed or deed of trust are deeds. How is the above transaction different from conventional deed theft?

Quote from article:

“The scammers are no longer content with stealing $5,000. Now they want the whole house,” said Dina Levy, who heads the Homeowner Protection Program in the New York attorney general’s office, which has spread word about deed theft and prosecuted culprits.

Isn’t that what happened on Wall Street? No longer content to overcharge you for unaffordable loans the banks want your whole house. And no longer satisfied to take your house they want ten times the value of your house by “trading” in securities that everyone treats as non-securities under the 1999 law. But they are securities and they are in violation of SEC regulations and laws defining theft as a crime on the grandest scale ever seen in human history.

Filed under: CORRUPTION, discovery, education, Fannie MAe, foreclosure, Investor, MBS TRUSTEE, TRUST BENEFICIARIES | Tagged: deed fraud | 2 Comments »

People Who Were Wrong Are the Winners — SO FAR

Posted on May 27, 2014 by Neil Garfield

First of all I don’t think Geithner caused the financial crisis. He certainly contributed to it but it probably would have happened even if he had not undercut Sheila Bair at every opportunity; and yes he should have listened to other people who were saying that the corruption on Wall Street had reached epic proportions.

Second, I think that neither Geithner nor his predecessor, Hank Paulson, as Treasury secretaries, had a real understanding of the crisis at any time up through today. And their bosses, Presidents Bush and Obama were even more clueless. And while they are probably culpable for their negligence and mismanagement of the crisis, the foreclosure madness would have occurred anyway.

Third, it is my belief that the culprits on Wall Street with all their tentacles stretched out across the globe were unstoppable by anyone except a good government with the resources to actually get to the bottom of it. What was missing was the desire to get rid of the problem and the naivete of the leaders in government in failing to notice that the entire banking industry was engaged in faking transactions and documents — and failing to ask why that was necessary.

Fourth my opinion is that the fault lies with the failure of anyone in government to learn anything relevant about the industries they were supposed to be regulating. If they had done so, starting in 1983 when derivatives became adolescent, the adult would have been far more tame and the crises would have been averted entirely.

Homeowners did not create the crisis. Tens of millions of homeowners did not congregate in a room thinking up 450 loan products when there were only 4 or 5. And saying they had bad judgment would absolve almost any perpetrator of economic crime because his victim was too stupid.

The laws were already in place. It was knowledgeable people that were missing. We needed and had faithful servants of the people — but as a society and as a nation each country contributed to the enormous problem that has now been created. And we will keep paying for it as banks take over all commodities we hold dear and “legally” corner the markets with stolen cash and property.

In Nocera’s article on Bankrupt Housing Policy, he points out that ” in the course of perusing another new book about the financial crisis, “Other People’s Houses,” by Jennifer Taub, an associate professor at Vermont Law School, I was reminded of an effort that took place in the spring of 2009 that could have made an enormous difference to homeowners, one that would have required no taxpayer money and might well have become law with a little energetic lobbying from the likes of, well, Tim Geithner. That was an attempt, led by Dick Durbin, the Illinois senator, to change the bankruptcy code so that homeowners who were underwater could modify their mortgages during the bankruptcy process. The moment has been largely forgotten; Taub has done us a favor by putting it back on the table.”

He goes on to say that he had correspondence with Sheila Bair who was undermined and stomped on by the Obama administration for even thinking about relief to homeowners. She was head of the FDIC and prevented from doing her job by a bankrupt policy of save the banks and damn the homeowners. “Because, as Bair told me in an email, “It would have been a powerful bargaining chip for borrowers.” Without the ability to file for bankruptcy, underwater homeowners unable to pay their mortgages were helpless to prevent foreclosures. With it, however, servicers and banks were far more likely to negotiate the debt load. And if they weren’t, a bankruptcy judge would rule on the appropriate debt to be repaid. For all the talk about the need for principal reduction, this change would have been the easiest way to get it.”

According to Adam Levitin, in the same article by Nocera, this should have been a “no-brainer.” I take that too mean that as I have explained above, brains were in short supply during the worst of what we have yet seen of the economic crisis that most of us think is not even half over. Obama may be leaving the crisis as his legacy not because he caused it but because he didn’t do anything about it — or at least anything right.

And I obviously agree with Nocera’s ending comment — “Why is it that the fear of moral hazard only applies to homeowners, and not to the banks?”

Gretchen Morgenson says Geithner admitted he was inept at times. ““We were human.” But this fails to address head-on the possibility that he was a captured regulator, a man locked into the mind-set of the very bankers he was supposed to oversee.”

Gretchen reports without objection from Geithner — “Last week, I asked Sheila C. Bair, the former chairwoman of the Federal Deposit Insurance Corporation, for her recollection of these events. She replied with an email recalling that in 2006, she attended her first Basel Committee meeting, the international negotiations that Mr. Geithner was referring to. While there, she pushed unsuccessfully to raise bank capital levels.

Why was she unsuccessful? “I was actively undermined by the Fed, the New York Fed and the comptroller of the currency,” she said. “I later complained to Tim about the way his representative on the Basel Committee had undermined me. He was unapologetic.”

Gretchen has not been given the resources to prove the corruption on Wall Street, but she knows it is there and as the fourth estate the NY Times should have provided her with a blank check for what would have been a Pulitzer or even a Nobel prize. for now we can only agree with her — “We were the lenders of last resort and should have been paid an enormous premium for the use of our money. We were not.”

There are suddenly a spate of articles on what went wrong because Geithner wrote a book and is selling it enhancing his own fortunes while he presided over the worst hit the middle class has had in our history.

Here is what investigators should have been looking for:

Behind door number 1 were the fools. These are the money managers who for reasons the defy explanation did no due diligence and bought empty mortgage bonds issued by a trust that was never going to receive the money, the loans or the property.

Behind door number 2 were the wolves of Wall Street including all the different brokers, dealers, banks, rating agencies and insurers, all the mortgage brokers, real estate brokers, and closing agents and title companies all in league to take as much money as they could out of the system and the hide it behind shadow money equivalent to ten times all the actual money in the world.

Behind door number 3 are the victims. These are the people who knew nothing about mortgages, derivatives or anything else. In the end they were convinced by super salespeople that they could never understand how they could afford the loan nor could they even understand why they must do it anyway. In Florida alone 10,000 such sales people were convicted felons. And yet when we talk of moral hazard we speak of people, and not banks. Why is that?

Filed under: AMGAR, education, escrow agent, foreclosure, Occupy Movement, Title | Tagged: Barack Obama, George W Bush, GRETCHEN MORGENSON, Hank Paulson, JOE NOCERA, New York Times, Sheila Bair, Timothy F. Geithner | 15 Comments »

The Big Cover-Up in Our Credit Nation

Posted on May 5, 2014 by Neil Garfield

Regulators have confirmed that there were widespread errors by banks but that the errors didn’t really matter. They are trying to tell us that the errors had to do with modifications and other matters that really didn’t have any bearing on whether the loans were owned by parties seeking foreclosure or on whether the balance alleged to be due could be confirmed in any way, after deducting third party payments received by the foreclosing party. Every lawyer who spends their time doing foreclosure litigation knows that report is dead wrong.

So the government is actively assisting the banks is covering up the largest scam in human history. The banks own most of the people in government so it should come as no surprise. This finding will be used again and again to say that the complaints from borrowers are just disgruntled homeowners seeking to find their way out of self inflicted wound.

And now they seek to tell us in the courts that nothing there matters either. It doesn’t matter whether the foreclosing party actually owns the loan, received delivery of the note, or a valid assignment of the mortgage for value. The law says it matters but the bank lawyers, some appellate courts and lots of state court judges say that doesn’t apply — you got the money and stopped paying. That is all they need to know. So let’s look at that.

If I found out you were behind in your credit card payments and sued you, under the present theory you would have no defense to my lawsuit. It would be enough that you borrowed the money and stopped paying. The fact that I never loaned you the money nor bought the loan would be of no consequence. What about the credit card company?

Well first they would have to find out about the lawsuit to do anything. Second they could still bring their own lawsuit because mine was completely unfounded. And they could collect again. In the world of fake REMIC trusts, the trust beneficiaries have no right to the information on your loan nor the ability to inquire, audit or otherwise figure out what happened tot heir investment.

It is the perfect steal. The investors (like the credit card company) are getting paid by the borrowers and third party payments from insurance etc. or they have settled with the broker dealers on the fraudulent bonds. So when some stranger comes in and sues on the debt, or sues in foreclosure or issues of notice of default and notice of sale, the defense that the borrower has no debt relationship with the foreclosing party is swept aside.

The fact that neither the actual lender nor the actual victim of this scheme will ever be compensated for their loss doesn’t matter as long as the homeowner loses their home. This is upside down law and politics. We have seen the banks intervene in student loans and drive that up to over $1 trillion in a country where the average household is $15,000 in debt — a total of $13 trillion dollars. The banks are inserting themselves in all sorts of transactions producing bizarre results.

The net result is undermining the U.S. economy and undermining the U.S. dollar as the reserve currency of the world. Lots of people talk about the fact that we have already lost 20% of our position as the reserve currency and that we are clearly headed for a decline to 50% and then poof, we will be just another country with a struggling currency. Printing money won’t be an option. Options are being explored to replace the U.S. dollar as the world’s reserve currency. No longer are companies requiring payments in U.S. dollars as the trend continues.

The banks themselves are preparing for a sudden devaluation of currency by getting into commodities rather than holding their money in US Currency. The same is true for most international corporations. We are on the verge of another collapse. And contrary to what the paid pundits of the banks are saying the answer is simple — just like Iceland did it — apply the law and reduce the household debt. The result is a healthy economy again and a strong dollar. But too many people are too heavily invested or tied to the banks to allow that option except on a case by case basis. So that is what we need to do — beat them on a case by case basis.

Filed under: AMGAR, CORRUPTION, currency, discovery, education, evidence, foreclosure defenses, GTC | Honor, investment banking, Investor, MBS TRUSTEE, MODIFICATION, Mortgage, originator, Pleading, Servicer, TRUST BENEFICIARIES, trustee | Tagged: appraisal fraud, bailout, borrower, disclosure, foreclosure defense, foreclosure fraud, foreclosure offense, LOAN MODIFICATION, securitization | 55 Comments »

Here it is: Nonjudicial Foreclosure Violates Due Process in Complex Structured Finance Transactions

Posted on February 21, 2014 by Neil Garfield

No, there isn’t a case yet. But here is my argument.

The main point is that we are forced to accept the burden of disproving a case that had not been filed — the very essence of nonjudicial foreclosure. In order to comply with due process, a simple denial of the facts and legal authority to foreclosure should be sufficient to force the case into a courtroom where the parties are realigned with the so-called new beneficiary is the Plaintiff and the homeowner is the Defendant — since it is the “beneficiary” who is seeking affirmative relief.

But the way it is done and required to be done, the Plaintiff must file an attack on a case that has never been alleged anywhere in or out of court. The new beneficiary anoints itself, files a fraudulent substitution of trustee because the old one would never go along with it, and then files a notice of default and notice of sale all on the premise that they have the necessary proof and documents to support what could have been an action in foreclosure brought by them in a judicial manner, for which there is adequate provision in California law.

Instead nonjudicial foreclosure is being used to sell property under circumstances where the alleged beneficiary under the deed of trust could never prevail in a court proceeding. Nonjudicial foreclosure was meant to be an expedient method of dealing with the vast majority of foreclosures when the statute was passed. In that vast majority, the usual procedure was complaint, default, judgment and then sale with at least one hearing in between. Nearly all foreclosures were resolved that way and it become more of a ministerial act for Judges than an actual trier of fact or judge of procedural rights and wrongs.

But the situation is changed. The corruption on Wall Street has been systemic resulting in whole sale fraudulent fabricated forged documents together with perjury by affidavit and even live testimony. Contrary to the consensus supported by the banks, these cases are complex because the party seeking affirmative relief — i.e., the new “beneficiary” is following a complex script established long before the homeowner ever applied for a loan or was solicited to finance her property.

The San Francisco study concluded, like dozens of other studies across the country that most of the foreclosures were resolved in favor of “strangers to the transaction.” By definition, the use of several layers of companies and multiple sets of documents defining two separate deals (one with the investor lenders and one with the borrower, with the only party in common being the broker dealer selling mortgage bonds and their controlled entities) has turned the mundane into highly complex litigation that has no venue. In non-judicial foreclosures the Trustee is the party who acts to sell the property under instructions from the beneficiary and does so without inquiry and without paying any attention to the obvious conflict between the title record, the securitization record, the homeowner’s position and the prior record owner of the loan.

The Trustee has no power to conduct a hearing, administrative or judicial, and so the dispute remains unresolved while the Trustee proceeds to sell the property knowing that the homeowner has raised objections. Under normal circumstances under existing common law and statutory authority, the Trustee would simply bring the matter to court in an action for interpleader saying there is a dispute that he doesn’t have the power to resolve. You might think this would clog the court system. That is not the case, although some effort by the banks would be made to do just that. Under existing common law and statutory law, the beneficiary would then need to file a complaint, verified, sworn with real exhibits and that are subject to real scrutiny before any burden of proof would shift to the homeowner. And as complex as these transactions are they all are subject to simple rules concerning financial transactions. If there was no money in the alleged transaction then the allegation of a transaction is false.

It was and remains a mistake to allow such loans to be foreclosed through any means other than strictly judicial where the “beneficiary” must allege and prove ownership and the balance due on the loan owed to THAT beneficiary. Requiring homeowners with zero sophistication in finance and litigation to bear the initial burden of proof in such highly complex structured finance schemes defies logic and common sense as well as being violative of due process in the application of the nonjudicial statutes to these allegedly securitized loans.

By forcing the parties and judges who sit on the bench to treat these complex issues as though they were simple cases, the enabling statutes for nonjudicial foreclosure are being applied unconstitutionally.

Filed under: CORRUPTION, education, escrow agent, Eviction, evidence, expert witness, Fannie MAe, foreclosure, foreclosure defenses, foreclosure mill, GARFIELD KELLEY AND WHITE, GTC | Honor, investment banking, Investor, MBS TRUSTEE, MODIFICATION, Mortgage, Pleading, securities fraud, Servicer, STATUTES, TRUST BENEFICIARIES, trustee | Tagged: beneficiary, BURDEN OF PROOF, complex litigation, due process, interpleader, judicial foreclosure, new beneficiary, nonjudicial foreclosure, structured finance, Substitution of Trustee, Trustee on deedof trust, trustee on MBS | 266 Comments »

The most important thing about cross examination in foreclosure cases

Posted on February 17, 2014 by Neil Garfield

Whether it is on voir dire, which is a limited examination before the witness testifies to determine the legal competency of the witness, or on actual cross examination, the object is to bring out facts that are helpful in making your case or defending your position. When I teach cross examination, I refer to the triad — three things you must do in order to reach your goal. The three things are first to have a simple question with a goal in mind. Second to listen to the answer. Third, is the follow up, because you knew the probable answer and now you want to bring home your point. This applies to every question.

The first requires preparation for trial in which you decide your narrative and then develop the key points necessary to bring the court to the point where the trier of fact (mostly judges in foreclosure cases) joins your narrative. You’ll know if they have joined you or are leaning that way by their ruling on objections, by the questions they ask — and one warning sign that you are losing them is when they ask you for the relevancy of your question. Without preparation and a strong narrative to which you are committed, you won’t be able to answer the question about relevancy and you will have no issue preserved for appeal. You are probably looking to establish a question of ownership of the loan and to establish a question of the balance due, if any. The details on this are left out of this article because the opposition reads this and will be ready for you if we publish the series of retreads that apply to trying a foreclosure case.

Second is listening. This is something that lawyers need to do and is the reason they were hired in the first place. The homeowner is too emotionally attached to listen. They hear but they don’t listen and they don’t understand the significance of the question or the answer. Coming to court with a list of questions is a good idea. But many lawyers and pro se litigants fail because of the difference between hearing and listening. The answer is that most people just hear what’s being said. Others take the time to actually listen to what’s being said. There is a significant and monumental difference between hearing and listening. Hearing means that someone “hears” what’s being said and then translates the message into a meaning for himself. When you listen, however, you also take an extra moment to think about the person who’s speaking. It’s only then that you’ll have a clear understanding of what is trying to be conveyed. And only then can you move on to the third step.

The third step is follow-up. This is often confused with moving on to the next question. But your first question in the triad is merely the set up. The real stuff is in your follow-up because you actually listen to exactly what is being said. If the lawyer for the bank asks if the witness is familiar with the books and records of the Servicer, your objection is going to be leading, lack of foundation, and potentially hearsay. If you don’t object then the testimony comes in simply because you failed to object and thus preserve the issue for appeal. You will be subject to the same objections from the other side if you don’t have your ducks in a row.

So if the witness says he is “familiar” with the books and records, you should ask why, and then follow up with questions directed at how he prepared, how he actually knows (personal knowledge) that there was a loan from ABC, and exactly what he looked at in terms of documentation or computer screens. The answers will surprise you in some cases. Take the time to listen to the surprise answer and pause a moment on what you want to do with it and how you can make that answer serve the interests of your client.

Filed under: CORRUPTION, education, evidence, expert witness, foreclosure, foreclosure defenses, GARFIELD KELLEY AND WHITE, GTC | Honor, Motions, Pleading, Servicer, trustee | Tagged: cross examination, foreclosure trials, hearsay, lack of foundation, leading question, objections at trial, triads, voir dire | 5 Comments »

Student Loans Are The Next Major Crack in Our Finance

Posted on April 9, 2012 by Neil Garfield

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Disclosure to Student Borrowers: www.nytimes.com/2012/04/08/opinion/sunday/disclosure-to-student-borrowers.html?_r=1&ref=todayspaper

Editor’s Comment:

“We have created a world of finance in which it is more lucrative to lose money and get paid by the government, than to make money and contribute to society. In the Soviet Union the government ostensibly owned everything; in America the government is a vehicle for the banks to own everything.”—Neil F Garfield LivingLies.me

While the story below is far too kind to both Dimon and JPMorgan, it hits the bulls-eye on the current trends. And if we think that it will stop at student loans we are kidding ourselves or worse. The entire student loan mess, totaling more than $1 trillion now, was again caused by the false use of Securitzation, the abuse of government guaranteed loans, and the misinterpretation of the rules governing discharge ability of debt in bankruptcy.

First we had student loans in which the government provided financing so that our population would maintain its superior position of education, innovation and the brains of the world in getting technological and mechanical things to work right, work well and create new opportunities.

Then the banks moved in and said we will provide the loans. But there was a catch. Instead of the “private student” loan being low interest, it became a vehicle for raising rates to credit card levels — meaning the chance of anyone being able to repay the loan principal was correspondingly diminished by the increase in the payments of interest.

So the banks made sure that they couldn’t lose money by (a) selling off the debt in securitization packages and (b) passing along the government guarantee of the debt. This was combined with the nondischargability of the debt in bankruptcy to the investors who purchased these seemingly high value high yielding bonds from noncapitalized entities that had absolutely no capacity to pay off the bonds. The only way these issuers of student debt bonds could even hope to pay the interest or the principal was by using the investors’ own money, or by receiving the money from one of several sources — only one of which was the student borrower.

The fact that the banks managed to buy congressional support to insert themselves into the student loan process is stupid enough. But things got worse than that for the students, their families and the taxpayers. It’s as though the courts got stupid when these exotic forms of finance hit the market.

Here is the bottom line: students who took private loans were encouraged and sold on an aggressive basis to borrow money not only for tuition and books, but for housing and living expenses that could have been covered in part by part-time work. So, like the housing mess, Wall Street was aggressively selling money based upon eventual taxpayer bailouts.

Next, the banks, disregarding the reason for government guaranteed loans or exemption from discharge ability of student loan debt, elected to change the risk through securitization. Not only were the banks not on the hook, but they were once again betting on what they already knew — there was no way these loans were going to get repaid because the amount of the loans far exceeded the value of the potential jobs. In short, the same story as appraisal fraud of the homes, where the prices of homes and loans were artificially inflated while the values were declining at precipitous rate.

Like the housing fraud, the securitization was merely trick accounting without any real documentation or justification. There are two final results that should happen but can’t because Congress is virtually owned by the banks. First, the guarantee should not apply if the risk intended to be protected is no longer present or has significantly changed. And second, with the guarantee gone, there is no reason to maintain the exemption by which student loans cannot be discharged in bankruptcy. Based on current law and cases, these are obvious conclusions that will be probably never happen. Instead, the banks will claim losses that are not their own, collect taxpayer guarantees or bailouts, and receive proceeds of insurance, credit default swaps and other credit enhancements.

Congratulations. We have created a world of finance in which it is more lucrative to lose money and get paid by the government, than to make money and contribute to the society for which these banks are allowed to exist ostensibly for the purpose of providing capital to a growing economy. So the economy is in the toilet and the government keeps paying the banks to slap us.

Did JPMorgan Pop The Student Loan Bubble?

Back in 2006, contrary to conventional wisdom, many financial professionals were well aware of the subprime bubble, and that the trajectory of home prices was unsustainable. However, because there was no way to know just when it would pop, few if any dared to bet against the herd (those who did, and did so early despite all odds, made greater than 100-1 returns). Fast forward to today, when the most comparable to subprime, cheap credit-induced bubble, is that of student loans (for extended literature on why the non-dischargeable student loan bubble will “create a generation of wage slavery” read this and much of the easily accessible literature on the topic elsewhere) which have now surpassed $1 trillion in notional. Yet oddly enough, just like in the case of the subprime bubble, so in the ongoing expansion of the credit bubble manifested in this case by student loans, we have an early warning that the party is almost over, coming from the most unexpected of sources: JPMorgan.

Recall that in October 2006, 5 months before New Century started the March 2007 collapsing dominoes that ultimately translated to the bursting of both the housing and credit bubbles several short months later, culminating with the failure of Bear, Lehman, AIG, The Reserve Fund, and the near end of capitalism ‘we know it’, it was JPMorgan who sounded a red alert, and proceeded to pull entirely out of the Subprime space. From Fortune, two weeks before the Lehman failure: “It was the second week of October 2006. William King, then J.P. Morgan’s chief of securitized products, was vacationing in Rwanda. One evening CEO Jamie Dimon tracked him down to fire a red alert. “Billy, I really want you to watch out for subprime!” Dimon’s voice crackled over King’s hotel phone. “We need to sell a lot of our positions. I’ve seen it before. This stuff could go up in smoke!” Dimon was right (as was Goldman, but that’s another story), while most of his competitors piled on into this latest ponzi scheme of epic greed, whose only resolution would be a wholesale taxpayer bailout. We all know how that chapter ended (or hasn’t – after all everyone is still demanding another $1 trillion from the Fed at least to get their S&P limit up fix, and then another, and another). And now, over 5 years later, history repeats itself: JPM is officially getting out of student loans. If history serves, what happens next will not be pretty.

American Banker brings us the full story:

U.S. Bancorp (USB) is pulling out of the private student loans market and JPMorgan Chase (JPM) is sharply reducing its lending, as banking regulators step up their scrutiny of the products.

JPMorgan Chase will limit student lending to existing customers starting in July, a bank spokesman told American Banker on Friday. The bank laid off 24 employees who make sales calls to colleges as part of its decision.

The official reason:

“The private student loan market is continuing to decline, so we decided to focus on Chase customers,” spokesman Thomas Kelly says.

Ah yes, focusing on customers, and providing liquidity no doubt, courtesy of Blythe Masters. Joking aside, what JPMorgan is explicitly telling us is that it can’t make money lending out to the one group of the population where demand for credit money is virtually infinite (after all 46% of America’s 16-24 year olds are out of a job: what else are they going to?), and furthermore, with debt being non-dischargable, this is about as safe a carry trade as any, even when faced with the prospect of bankruptcy. What JPM is implicitly saying, is that the party is over, and all private sector originators are hunkering down, in anticipation of the hammer falling. Or if they aren’t, they should be.

JPM is not alone:

Minneapolis-based U.S. Bank sent a letter to participating colleges and universities saying that it would no longer be accepting student loan applications as of March 29, a spokesman told American Banker on Friday.

“We are in fact exiting the private student lending business,” U.S. Bank spokesman Thomas Joyce said, adding that the bank’s business was too small to be worthwhile.

“The reasoning is we’re a very small player, less than 1.5% of market share,” Joyce adds. “It’s a very small business for the bank, and we’ve decided to make a strategic shift and move resources.”

Which, however, is not to say that there will be no source of student loans. On Friday alone we found out that in February the US government added another $11 billion in student debt to the Federal tally, a run-rate which is now well over $10 billion a month an accelerating: a rate of change which is almost as great as the increase in Apple market cap. So who will be left picking up the pieces? Why the Consumer Financial Protection Bureau, funded by none other than Ben Bernanke, and headed by the same Richard Cordray that Obama shoved into his spot over Republican protests, when taking advantage of a recessed Congress.

“What we are likely to see over the next few months is a lot of private education lenders rethinking the product, particularly if it appears that the CFPB is going to become more activist,” says Kevin Petrasic, a partner with law firm Paul Hastings.

“Historically there’s been a patchwork of regulation towards private student lenders,” he adds. “The CFPB allows for a more uniform and consistent approach and identification of the issues. It also provides a network, effectively a data-gathering base that is going to enable the agency to get all the stories that are out there.”

The CFPB recently began accepting student loan complaints on its website.

“I think there’s going to be a lot of emphasis and focus … in terms of what is deemed to be fair and what is over the line with collections and marketing,” Petrasic says, warning that “the challenge for the CFPB in this area is going to be trying to figure out how to set consumer protection standards without essentially eviscerating availability of the product.”

And with all private players stepping out very actively, it only leaves the government, with its extensive system of ‘checks and balances’, to hand out loans to America’s ever more destitute students, with the reckless abandon of a Wells Fargo NINJA-specialized loan officer in 2005. What will be hilarious in 2014, when taxpayers are fuming at the latest multi-trillion bailout, now that we know that $270 billion in student loans are at least 30 days delinquent which can only have one very sad ending, is that the government will have no evil banker scapegoats to blame loose lending standards on. And why would they: after all it is this administration’s sworn Keynesian duty to make every student a debt slave in perpetuity, but only after they buy a lifetime supply of iPads. Then again by 2014 we will have far greater problems (and for most in the administration, it will be “someone else’s problem”).

For now, our advice – just do what Jamie Dimon is doing: duck and hide for cover.

Oh, and if there is a cheap student loan synthetic short out there, which has the same upside potential as the ABX did in late 2006, please advise.

Filed under: bubble, CDO, CORRUPTION, currency, education, Eviction, foreclosure, GTC | Honor, interest rates, Investor, Mortgage, securities fraud, Student Loans | Tagged: American Banker, appraisal fraud, bailout, bankruptcy, borrower, congress, disclosure, Federal reserve, foreclosure, fraud, government guaranteed loans, housing market, investors, Jamie Dimon, predatory lending, private student loan, securitization, securitized student loan debt, securitized student loans, student debt, student loans, taxpayer | 29 Comments »

Countrywide settlement pays fraction to investors – Shell Game Continues

Posted on August 16, 2010 by Neil Garfield

EDITOR’S NOTE: The shell game continues. While the media picks up stories about “settlements” giving rise to the presumption that Countrywide Home Loans and Bank of America and the rest of the securitization players committed various violations of statutes, duties, rules and regulations, the main point gets lost. Where is this money going and WHY? What is the tacit or express admission in paying that money and what effect does it have on the average homeowner sitting with a loan whose obligation is being paid in these settlements?

Think about it. If Bank of America, which now owns Countrywide, is paying “fractions” to investors who purchased mortgage bonds then who is it that owns the underlying mortgages and loans? Did Bank of America pay the investors do it under a reservation of rights (subrogation) to enforce the underlying loans? If not, then why are they foreclosing? All evidence is to the contrary. There is no subrogation under these purchases, insurance, credit default swaps or any other contract — not that I ever saw and not that my sources in the industry tell me was ever even contemplated much less executed. The same holds true for all those bonds the Federal Reserve is holding.

If Bank of America is paying “fractions” to investors who purchased mortgage bonds, why was it a fraction? Is it because the value of the bond was much lower than the price paid by the investor? Is it just a convenient settlement? Or is it because the investors have also received funds from other sources?

This is what I am referring to when I address “factual constipation.” How are these payments being allocated? Did the owners of the bonds actually have any definable interest in the underlying mortgage loans? If they did, why are these payments not being allocated to the obligations or payments due under those underlying mortgage loans? If they didn’t, why did they get paid anything? How will we ever know without getting a full accounting from all the parties that claim some stake or ownership interest or receivable interest in me is underlying mortgage loans?

It is black letter law as well as common law dating back centuries that nobody can collect the same debt more than once. If they do collect more than once there is a clear right of action by the borrower to collect the excess payment through a lawsuit for unjust enrichment, breach of contract and other causes of action. Here we have an intentional act designed to collect the same debt multiple times. In my opinion this does not merely indicate the presence of an action for fraud, it clearly shows an interstate pattern of racketeering that at one time in our history had the Department of Justice and the FBI busy putting people in jail.

Only in America where the news has turned into an entertainment blitz used by those with the most power and the most money to get their message across, even if it is a total lie. Somehow many if not most people have the impression that the borrowers and the securitized mortgages executed between 2001 and 2009 are not entitled to the relief that any other debtor is entitled to receive––that is the obligation has been reduced for any reason, the borrowers should get credit and if any party receives money in excess of the net amount due after credits, the creditor becomes the debtor owing money to the former borrower.

The bullet point that is being used to distort the perception of our citizens and policymakers is that these borrowers should not get a “free house.” Without getting a full accounting from all parties that advanced funds to and from the original investors who purchased mortgage bonds or collateralized debt obligations and related hedge products, there is no way of knowing the amount of the credit which is due to the borrower. Yes, it is possible that the amount received by the various intermediaries in the securitization chain exceeded the original obligation due from the borrower.

In that case, the borrower owes nothing to the originating lender or the successors to that lender. But if there is still a class of investor or institution that can prove a loss resulting from the nonpayment of the obligation by the borrower (as opposed to non-payment from other parties in the securitization chain) then the law allows that party to recover the loss from those that caused it. That probably includes the borrower, which means that we are not seeking a free house, we are seeking a truthful accounting.

BUT the fact that this obligation theoretically exists does not mean and never did mean under any legal decision in existence that the obligation should be paid to anybody who claims it. By all substantive and procedural law, the obligation is payable to one who proves the obligation and to one who proves it is owed to them and nobody else.

Yet in the view of many judges the challenge by the borrower is viewed as a delay tactic or an attempt to use technical deficiencies to a gain a free house on a lawn that the borrower sought but could not pay. No doubt this is true in some cases. But in nearly all the cases, armies of salespeople using names like “loan expert” pounded on doors and rang the phones of people who had no thought of borrowing money on homes, in many cases, that were debt-free and had been in the family for generations. Now many of those homes are bank owned property.

The simple question that needs to be posed to anyone who looks at the borrower as anything other than a victim is which is more likely? Did the owners of 20 million homes enter into a conspiracy to defraud the financial system, half society and our taxpayers? Did these people have the sophistication, education, knowledge, experience or training to pull off such a caper? Or is it more likely that the Wall Street titans stepped over the line and instead of increasing liquidity for the benefit of consumers and small businesses, used their position to deplete the resources of unsuspecting citizens, pension funds, financial institutions and governmental units from the top federal levels down to the smallest local geographical areas?

Countrywide settlement pays fraction to investors

By ALAN ZIBEL (AP) – Aug 3, 2010

WASHINGTON — Former shareholders of fallen mortgage giant Countrywide Financial Corp. are in line to recoup a fraction of their investments now that a Los Angeles judge has approved a settlement worth more than $600 million settlement.

The payoff doesn’t come close to compensating for the money lost by investors. But it could prompt more lenders to settle legal disputes at the center of the housing bust.

Bank of America, which bought Countrywide two years ago, agreed to pay $600 million to end a class-action case filed against the company. KPMG, Countrywide’s accounting firm, will pay $24 million.

Several New York pension funds who served as lead plaintiffs alleged that Countrywide hid how risky its business had become during the housing market’s boom years. Calabasas, Calif.-based Countrywide was once the nation’s largest mortgage lender.

The agreement stands to return about 40 cents per share of Countrywide’s common stock, before legal fees and expenses. Consider that the stock peaked at $45 a share in February 2007, before the financial crisis. So an investor who held 100 shares could bank on receiving $40 for an investment that was once worth $4,500.

Shareholders did receive 0.1822 shares of Bank of America’s stock for each share of Countrywide they owned when Bank of America acquired Countrywide. That worked out to about one share for every 5.5 shares of Countrywide stock. Shares of Bank of America closed at $14.34 on Tuesday. So that same 100 shares of Countrywide would be worth about $261 today in Bank of America stock.

Add the $40 from the settlement and those shares are now worth little more than $300.

Lawyers for the pension funds are requesting $56 million, or 4 cents per share, for fees and other costs.

Investors “will be compensated for a significant portion of the legal damages that they suffered as a result of what we believe was a violation of the securities laws,” said Joel Bernstein, a lawyer for the pension funds. “They won’t be compensated for every penny of that.”

Bank of America has been trying to put Countrywide’s legal problems behind it. In June, the Charlotte, N.C.-based company agreed to pay $108 million to settle the Federal Trade Commission’s charges that Countrywide collected outsized fees from about 200,000 borrowers facing foreclosure.

It reached a settlement Monday primarily to keep legal fees from escalating, a bank spokeswoman said.

“Countrywide denies all allegations of wrongdoing and any liability under the federal securities laws,” said Shirley Norton, a spokeswoman for Bank of America. “We agreed to the settlement to avoid the additional expense and uncertainty associated with continued litigation.”

Plaintiffs attorneys have pursed lawsuits against numerous lenders and investment banks in the wake of the housing market’s devastating downturn, and the Countrywide settlement could encourage even more such cases, said Paul Hodgson, a senior research associate at The Corporate Library, an independent corporate governance research firm.

“There are a lot of suits out there waiting to get launched,” Hodgson said. “I think this is the opening of the floodgates.”

Former Countrywide CEO Angelo Mozilo, former President David Sambol, former CFO Eric Sieracki and former board members were named in the litigation but are not contributing to the settlement.

But it does not end their legal problems. More than a year ago the Securities and Exchange Commission brought civil fraud charges against Mozilo and the two other former executives. Mozilo, the most high-profile individual to face charges from the government in the aftermath of the financial crisis, has denied any wrongdoing.

For Countrywide, “This is only a chapter and not the end of the book,” said John Coffee, a securities law professor at Columbia University.

Filed under: bubble, CASES, CDO, CORRUPTION, education, evidence, expert witness, foreclosure, foreclosure mill, foreign relations, GTC | Honor, HERS, investment banking, Investor, MODIFICATION, Mortgage, Servicer, trustee | Tagged: ALAN ZIBEL, AP, Bank of America, countrywide, Joel Bernstein, KPMG, New York pension funds | 21 Comments »

Foreclosure Prevention 1.1

Posted on April 22, 2010 by Neil Garfield

Nobody ever thought that returning a lady’s purse to her after a purse snatcher ran away with it was a gift. So why is anyone contesting returning the purse to homeowners who had their lives snatched from them?

The baby steps of the Obama administration are frustrating. Larry Summers, Tim Geithner and those who walk with Wall Street are using ideology and assumptions instead of reality and facts.

First they started with the idea of modifications. That would do it. Just change the terms a little, have the homeowner release rights and defenses to what was a completely fraudulent and deceptive loan transaction (and a violation of securities regulations) and the foreclosure mess would end. No, it doesn’t work that way.

The reality is that these homeowners are being drained every day and displaced from their lives and homes by the consequences of a scheme that depended upon fooling people into signing mortgages under the false assumption that the appraisal had been verified and that the loan product was viable. All sorts of tricks were used to make borrowers think that an underwriting process was under way when in fact, it was only a checklist, they were even doing title checks (using credit reports instead), and the viability of the loan was antithetical to their goals, to wit: to have the loans fail, collect on the insurance and get the house too without ever reporting a loss.

Then it went to modification through interest rate reduction and adding the unpaid monthly payments to the end of the mortgage. Brilliant idea. The experts decided that an interest rate reduction was the equivalent of a principal reduction and that everything would even out over time.

Adding ANYTHING to principal due on the note only put these people further under water and reduced any incentive they had to maintain their payments or the property. Reducing the interest was only the equivalent of principal reduction when you looked at the monthly payments; the homeowner was still buried forever, without hope of recovery, under a mountain of debt based upon a false value associated with the property and a false rating of the loan product.

Adding insult to injury, the Obama administration gave $10 billion to servicing companies to do modifications — not even realizing that servicers have no authority to modify and might not even have the authority to service. Anyone who received such a modification (a) got a temporary modification called a “trial” (b) ended up back in foreclosure anyway (c) was used once again for unworthy unauthorized companies to collect even more illegal fees and (d) was part of a gift to servicers who were getting a house on which they had invested nothing, while the real source of funds was already paid in whole or in part by insurance, credit default swaps or federal bailout.

Now the Obama administration is “encouraging” modifications with reductions in principal of perhaps 30%. But the industry is pushing back because they don’t want to report the loss that would appear on their books now, if a modification occurred, when they could delay reporting the “loss” indefinitely by continuing the foreclosure process. The “loss” is fictitious and the push-back is an illusion. There is no loss from non-performance of these mortgages on the part of lending banks because they never lent any money other than the money of investors who purchased mortgage-backed bonds.

You want to stop the foreclosures. It really is very simple. Stop lying to the American people whether it is intentional or not. Admit that the homes they bought were not worth the amount set forth in the appraisal and not worth what the “lender” (who was no lender) “verified.” Through criminal, civil and/or administrative proceedings, get the facts and change the deals like any other fraud case. Nobody ever thought that returning a lady’s purse to her after a purse snatcher ran away with it was a gift. So why is anyone contesting returning the purse to homeowners who had their lives snatched from them?

Filed under: bubble, CDO, community banks, CORRUPTION, credit unions, currency, education, Eviction, expert witness, Fannie MAe, foreclosure, foreclosure mill, foreign relations, Forensic Analysis Workshop, GTC | Honor, HERS, Investor, MODIFICATION, Mortgage, Motion Practice and Discovery, Obama, politics, securities fraud, Securitization Survey, Servicer, taxes, workshop | Tagged: Appraisal, credit default swaps, false assumption, false rating, false value, Federal Bailout, foreclosure, homeowners, illegal fees, insurance, interest rate reduction, Larry Summers, loan product was viable, modification, Obama administration, principal reduction, release, servicers, temporary modification called a "trial", Tim Geithner | 9 Comments »

BAC assigned a note in 2010 that they sold in 2003

Posted on March 25, 2010 by Neil Garfield

Editor’s Note: Recontrust appears to be wholly owned by Bank of America. This particular deal looks like a “reconstituted” mortgage backed security comprised of new securities which are “backed” by old mortgage backed securities which in turn are backed by a list of “loans” which may or may not exist, and which certainly have at least in part been paid in whole or in part through insurance, credit default swaps and federal bailout.

From the comment Section of the Blog:

ReconTrust filed a NOD on behalf of BAC “servicer” for GRS Mort. Trust 2003-9, seven days later filed an assignment to GSR Mort. Trust of the deed of trust and note dated 8-13-03. I had no notice of GRS or Recontrust until seven years later. It looks like BAC assigned a note in 2010 that they sold in 2003. It also appears a pattern of fraud is occuring with all of us as their victims. If anyone knows what GSR Mortgage stands for please inform. I any one is interested in exposing the pattern let me know. I have 40 days before the notice of sale. I’m also pursuing this pro se.

Filed under: bubble, CORRUPTION, credit unions, currency, education, Eviction, expert witness, foreclosure, foreclosure mill, Forensic Analysis Workshop, GTC | Honor, HERS, Investor, MODIFICATION, Mortgage, Motion Practice and Discovery, securities fraud, Securitization Survey, Servicer, STATUTES, workshop | Tagged: "reconstituted mortgage, assigment, BAC, Bank of America, credit-default swap, Federal Bailout, GRS Mort. Trust 2003-9, GSR Mort. Trust, HERS, list of "loans", mortgage backed security, NOD, paid in whole or in part, ReconTrust | 20 Comments »

Cuomo Spotted Appraisal Fraud as Core Problem in 2007

Posted on May 1, 2009 by Neil Garfield

WaMu faulted on home loans

Colluded to inflate property values, N.Y. attorney general says

By AUBREY COHEN AND BILL VIRGIN
P-I REPORTERS

New York’s attorney general has accused Washington Mutual Inc. of pressuring a real estate appraisal company to deliver inflated home values in order to justify making loans, a practice that some appraisers have complained of increasingly in recent years.

The suit filed Thursday in a New York court by Attorney General Andrew Cuomo doesn’t name Seattle-based WaMu as a defendant. Instead, it charges First American Corp. and its eAppraiseIT subsidiary of engaging in “deceptive, fraudulent and illegal business practices.”

But WaMu figures prominently in the complaint: EAppraiseIT “improperly allows WaMu’s loan production staff to hand-pick appraisers who bring in appraisal values high enough to permit WaMu’s loans to close, and improperly permits WaMu to pressure eAppraiseIT appraisers to change appraisal values that are too low to permit loans to close.”

Cuomo said the actions of First American and Washington Mutual are indicative of widespread problems in the home-lending and appraisal businesses, and have contributed to turmoil in the housing market.

“It’s about time,” said Richard Hagar, who owns American Home Appraisals on Mercer Island, teaches anti-fraud classes and helped write Washington’s mortgage laws. “I have been surprised that no investigations have been started earlier on something like this.”

Graham Albertini, a former WaMu appraiser who now works for Hagar and teaches appraisal classes, said the bank’s appraisal process has been increasingly problematic since 2002.

“Starting in 2002 they shifted the emphasis from quality to quantity,” he said.

Appraisers have been complaining with increasing vehemence in recent years about the kind of pressure Cuomo described, saying it has enabled buyers to overpay, leaving many with mortgages for more than their homes were worth.

The traditional role of appraisers was to provide some protection for lenders, who wanted to make sure they could recoup their money if they had to foreclose. But in recent years, appraisers have increasingly been getting their work from mortgage originators representing lenders and banks that almost immediately sell off mortgages to Wall Street investors.

Meanwhile, a hot home market caused buyers to bid prices to new heights. Now that prices have started to level off in the Seattle area and decline elsewhere, some buyers are finding they cannot sell their homes for what they owe, leaving them with few alternatives to foreclosure.

“A lot of this doesn’t get revealed until you have a downturn in the housing market,” said Scott Jarvis, director of the state Department of Financial Institutions.

Washington Mutual said in a statement it is “surprised and disappointed by the allegations. … We are suspending our relationship with eAppraiseIT until we can further investigate the situation. We have absolutely no incentive to have appraisers inflate home values. In fact, inflated appraisals are contrary to our interests. We use third-party appraisal companies to make sure that appraisals are objective and accurate.”

“We vehemently disagree with (Cuomo’s) characterization of the facts,” Kenneth DeGiorgio, First American’s general counsel, said in a call with analysts, according to Bloomberg News. “We’re confident that once we’ve had the opportunity to set forth our response before an impartial arbiter, our activities will be found to be appropriate.”

Hagar said Washington Mutual never pressured him on an appraisal.

“That changed about five-ish years ago,” he said. “We started getting some pressure and they started looking for lesser appraisers — not the best qualified, but anyone who could get it done fast and cheap.”

But Hagar also said appraiser pressure is an industrywide problem, and acknowledged that WaMu has a better reputation than many lenders.

Albertini said WaMu had great standards for appraisals until 2002, when the company started automating much of its appraisal review work.

WaMu took no action in cases where reviews of homes that ended up in foreclosure found the original appraisal had been bad, Albertini said. “They would still hire that appraiser and they would never do anything to get that appraiser in trouble.”

In 2005, the company created a separate group of appraisers to quickly look over appraisals without doing a full review, and paid incentives based on how many they OK’d, Albertini said.

One 2006 appraisal pegged a West Seattle house at $2.5 million above its true value by comparing it with homes in Medina, but WaMu went ahead with the refinance loan, Albertini said. “They would pretty much just disregard what I did and then loan on the original appraisal.”

Albertini said he never received any pressure from WaMu managers to do anything wrong.

The lawsuit cites numerous e-mails that Cuomo says indicate the pressure Washington Mutual put on appraisers to be compliant, flexible and bank-friendly by delivering an appraisal price that met or exceeded the sales price. In one e-mail, a First American executive says the company could receive additional business from WaMu if disputes over appraisals are resolved.

In another e-mail, eAppraiseIT’s president signaled the company’s acquiescence to WaMu’s insistence that business be steered to “proven appraisers”: “We have agreed to roll over and just do it.”

Those e-mails “were not the idle chatter of disgruntled, low-level employees,” said Eric Corngold, executive deputy attorney general for economic justice.

EAppraiseIt executives on several occasions expressed uneasiness over the arrangement with WaMu and even concern that it might be illegal, e-mails cited in the suit indicate.

While investigators have pursued high-profile fraud cases in recent years, day-to-day pressure to meet inflated values has not been a priority, Hagar said. Washington regulators acknowledged this earlier this year, saying they have small staffs, few appraisers file formal complaints and pressure cases were often hard to pursue.

Hagar has been looking for action from federal regulators, given the size of banks such as WaMu. “It’s very, very difficult for any single state agency to go out after them,” he said. “Bravo that the attorney general from New York has the resources to go after them.”

Albertini noted that few appraisers ever get in trouble for bad appraisals, and penalties tend to be small.

“I think all it would take for appraisers to wise up and change is hearing about a few of them getting in trouble,” Albertini said. “There’s been nobody going after the bad appraisers.”

Washington Mutual wasn’t named as a defendant, Cuomo said, because state attorneys general are pre-empted from filing legal actions against financial institutions such as WaMu that are federally chartered.

Cuomo said his office will notify federal regulators of his office’s findings, adding that “the federal government is asleep at the switch once again.” Cuomo, who served as secretary of Housing and Urban Development in the Clinton administration, said the issue of appraisal fraud isn’t new. “We learned these lessons over 20 years ago” in the wake of the savings and loan crisis.

A spokesman for the federal Office of Thrift Supervision, which regulates WaMu, said it had just become aware of the suit and wasn’t able to comment.

The news delivered another hit to WaMu’s stock, already reeling from the hit to its earnings from housing-market turmoil. WaMu stock closed at $25.75, down $2.13 per share. Since trading at more than $45 this year, Washington Mutual has slid to its lowest closing price since October 2000.

E-MAIL TRAIL

New York Attorney General Andrew Cuomo is using e-mails as the basis for much of his case against a major real estate appraiser he accuses of “caving” in to pressure from a lender to inflate property values. Cuomo says the internal e-mails are also evidence of collusion between eAppraiseIT, a subsidiary of First American Corp., and Washington Mutual Inc. Excerpts:

Sept. 27, 2006: First American’s vice chairman said a Washington Mutual executive told him that cooperating could lead to more business: “If the appraisal issues are resolved and things are working well he would welcome conversations about expanding our relationship.”

Feb. 22, 2007: eAppraiseIT’s president told senior executives at First American: “We have agreed to roll over and just do it …”

April 4, 2007: eAppraiseIT’s executive vice president warned First American: “We as an AMC (Appraisal Management Co.) need to retain our independence from the lender or it will look like collusion … eAppraiseIT is clearly being directed who to select. The reasoning … is bogus for many reasons including the most obvious — the proven appraisers bring in the values.”SOURCE: New York State Office of the Attorney General/The Associated Press

P-I reporter Bill Virgin can be reached at 206-448-8319 or billvirgin@seattlepi.com.

Filed under: CDO, CORRUPTION, education, Eviction, foreclosure, foreign relations, GTC | Honor, Investor, MODIFICATION, Mortgage, Obama, securities fraud, Servicer | Tagged: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Mortgage, predatory lending, rescission, securitization, trustee | 1 Comment »

“System is Broken” — there is no clear title and no clear answers, which is why most foreclosure actions should fail or be reversed

Posted on January 28, 2009 by Neil Garfield

Mortgage market clouds who owns woman’s house

Submitted by Jose Semedey — Thank You

By CARRIE TEEGARDIN

The Atlanta Journal-Constitution

Sunday, January 25, 2009

Twenty years ago, Zella Mae Green bought a modest brick ranch house in DeKalb County with an American ideal in mind. The single mother of four, who raised her children working low-wage jobs, wanted to own something someday. And she wanted to pass something on.

“I was thinking that if anything would ever happen to me, the children would have a place they could come and stay,” said Green, a seamstress who is 68. “Their father passed away when they were young.”

Enlarge this image

LOUIE FAVORITE / lfavorite@ajc.com
Zella Mae Green has been in a stalemate with mortgage lenders for years trying to learn who holds the note on her Decatur home and how much she really owes.
Recent headlines:

* Dunwoody city hall, police station to relocate
* Decatur mayor to deliver ’state of the city’ speech
* DeKalb cities watch Doraville annexation vote

• DeKalb County news

Green says she has done her part, making payments on the house she bought for $40,000 to the series of lenders who have managed her mortgage over two decades.

But Citigroup and Wells Fargo say Green has failed miserably as a homeowner and is nine years behind on her payments. And they want to take the house.

“Nine years? There ain’t no way,” Green said. “Ain’t no way you can stay someplace for nine years without paying anything.”

Determining whether a homeowner is truly years behind on a mortgage seems like a straightforward question.

But Green and a string of lenders have been arguing about the matter in court for years now — with no resolution in sight. Her lawyer says the lenders have not even proven who owns the mortgage, let alone established how much Green owes.

Citigroup and Wells Fargo and the lawyers representing them declined to be interviewed for this article, citing pending litigation.

Green’s case illustrates the complexities of the modern mortgage market and just how difficult it can be to unwind the history of a mortgage. Most mortgages are originated by one lender, then sold — often repeatedly — to other lenders or groups of investors. Other companies are often brought in to process payments and manage escrow accounts.

For the thousands of homeowners who are behind on mortgage payments or in a dispute about how much is owed, getting accurate information about a loan can be difficult. Negotiating a resolution — especially when a series of lenders and managers has been involved — can be even harder.

“Here is a homeowner who wants to get her mortgage worked out so she can pay it,” said Howard Rothbloom, Green’s attorney. “She can’t get it done.”

Question of ownership

Green picked out her house 20 years ago. It’s a two-bedroom, one-bath brick ranch with about 1,000 square feet. Green borrowed $40,250 from All Georgia Mortgage at an interest rate of 10 percent in 1988. She felt sure she could handle the $353 payments with her job at J.C. Penney.

“I was excited about it because I knew one day it would be mine,” said Green, now a great-grandmother.

The home’s interior today is a reflection of Green. It’s adorned with fancy curtains and pillows she made — the kind she creates in her seamstress job for an upscale decorating company. And it’s the place her family gathers to enjoy Green’s home cooking.

Trouble with the mortgage began years ago, she said, when she mailed in money orders that she says were applied to the wrong account — something she believes went on for at least seven months.

The mortgage companies involved with the loan at that time have since sold it.

Green said she sought help from several housing agencies and attorneys over the years, trying to get credit for all the payments she has made. “They told me it’s the biggest mess they have ever seen,” she said.

All Georgia Mortgage Co. originated Green’s loan, but it has been owned or managed by at least seven parties over the years. Citigroup now says it owns the loan and Wells Fargo is managing the payments.

Green acknowledged paying her mortgage late sometimes over the years, but she said she always made up for it. She has filed for bankruptcy four times since 1989 — usually when a lender threatened foreclosure.

Lenders in Georgia can proceed with a foreclosure without the involvement of any court. Bankruptcy automatically stops a foreclosure, and the court generally serves as the forum for resolving mortgage disputes.

Green said the bankruptcies were the only way to try to figure out what happened to her payments and to keep her house.

Complicated accounts

Green’s case sounds extreme. But lawyers who represent homeowners say most mortgage lenders rely on such complicated accounting systems that experts have to be hired to even read the history of payments and charges.

“The payment histories are designed by these servicing companies to be gobbledygook,” said William J. Brennan Jr., an attorney at Atlanta Legal Aid and national expert on mortgage lending. “Knowing what somebody owes is crucial. They will give you a number, but if you want to see if that’s right — good luck.”

A payment history provided by lenders in Green’s case is complicated. It shows numerous credits on the same day for relatively small amounts, listed as “payment rec’d,” but shows no change in the account’s balance.

The history also appears to show her account being within months of being current, then suddenly more than seven years behind and then current again in 2000.

Green filed for bankruptcy protection for a fourth time in 2004 with the help of Rothbloom, an attorney with a successful record of challenging mortgage lenders.

“I’m just trying to find out two things: What Ms. Green’s proper loan balance is and who she owes it to,” Rothbloom said.

So far, who owns the mortgage has not been resolved.

A lender proves ownership of a mortgage by producing the “promissory note,” the document signed at closing in which the borrower agrees to the debt. The note is valuable and can be bought and sold by lenders. But like a personal check, it is only valuable in its original form.

Green’s lenders have admitted in court documents they can’t find her note. Legal experts say that’s a big deal.

“There is no excuse for the inability of mortgage lenders to know where the note is,” said Frank Alexander, an Emory University law professor and a leading expert on real estate law. “Without the note, you have virtually nothing. That is the one thing that is always locked in a vault.”

The lender says everybody knows that Citigroup owns the note. If Green thought otherwise, they say in court documents, why would she send Citigroup her payments?

Rothbloom says that’s not good enough. “Their answer is, ‘We have a copy,’” Rothbloom said. “My answer is, ‘I have a copy, too.’ “

Katherine Porter, a University of Iowa law professor, found in a study that lenders routinely fail to file required documents in bankruptcy cases to prove what consumers owe. And their accounting systems, she said, make it hard for them to track the history of payments over the life of a loan, especially when numerous lenders are involved.

Porter said Green’s case illustrates how complicated these cases can become.

“If she can’t get this information through litigation and with a skilled attorney, what happens to people facing foreclosure who sent their check in and can’t get the lender to admit it?” Porter said.

‘System is broken’

In legal filings, the lenders say Green has never been able to keep up with the payments. They cite her numerous bankruptcies and the fact that Green participated in a federal program designed to help struggling homeowners between 1997 and 2000.

Rothbloom said payment records appear to show her loan was current in 2000, when under the management of the U.S. Department of Housing and Urban Development. He said it’s possible HUD’s program transferred past-due payments to the end of the loan to allow Green to stay in the house.

“Anything is a possibility,” Rothbloom said. “That’s why we sued. To find out what’s going on.”

What Rothbloom knows, he said, is that Green has made every payment since 2004. Still, he has made no progress getting lenders to agree to a settlement in a case involving a house that DeKalb County values at $67,000.

“Why do they want this house?” Rothbloom said. “The answer is the system is broken.”

Filed under: bubble, CDO, CORRUPTION, education, Eviction, foreclosure, foreign relations, GTC | Honor, inflation, interest rates, Investor, Mortgage, politics, securities fraud | Tagged: audit, bailout, bankruptcy, borrower, Chapter 13, disclosure, Eviction, foreclosure defense, foreclosure offense, lawyers, Lender Liability, lost note, Mortgage, mortgage meltdown, predatory lending, quiet title, rescission, RESPA, RICO, securitization, TILA, TILA audit, trustee | 11 Comments »

MERS MEMBERSHIP INFORMATION Reveals Index to Securitization and Investors: Allegation that MERS is authorized or even nominal beneficiary is false

Posted on January 27, 2009 by Neil Garfield

Sample Link: validatembrsearch.jsp?as_mbrsearch=1006937

mers-membership

milestoneplus

Sample Response Record:

Corporate Name:	West Coast Servicing, Inc.
Address:	17011 Beach Blvd., #300
City,State,Zip:	Huntington Beach, CA 92647
Toll Free Number:	(866) 574-2001
Direct Number:	(714) 596-6333
Fax Number:	(714) 596-6333
Primary Contact:	Cameron Clayton
Website:	http://www.wcrsi.com
Member Org ID:	1006937
Lines Of Business:	Originator, Servicer, Subservicer, Investor, Document Custodian
eRegistry Participant:	No
eDelivery Participant:	No

#1 Lending LLC
1 Wave Mortgage, LLC
123 Mortgage LLC
1-800-East-West Mortgage Co., Inc.
1952 LLC dba First Mortgage America
1G & Associates International Inc.
1Priceloan.com, LLC
1st 2nd Mortgage Co. of NJ, Inc.
1st Alliance Lending, LLC
1st Alliance Mortgage, LLC
1st American Mortgage, Inc.
1st Central Mortgage, Inc.
1st Chesapeake Home Mortgage
1st Choice Mortgage Banc LLC
1st Choice Mortgage dba for Mikilrobin, Inc.
1st Choice Mortgage Inc
1st Choice Mortgage/Equity Corp. of Lexington
1st Constitution Bank
1st Equity Funding Group Inc.
1st Independence Mortgage Group div of 1st Independence Bank
1st Los Angeles Mortgage Corporation
1st Mariner Bank
1st Maryland Mortgage Corporation
1st Medallion Mortgage Corp.
1st National Lending Services
1st Nationwide Mortgage
1st New England Mortgage Corp. dba 1st Mass.Mtg, 1st Pref Mt
1st Place Mortgage, LLC
1st Point Lending, Inc
1st Point Lending, LLC
1st Preference Mortgage Corporation
1st Republic Mortgage Bankers, Inc.
1st Service Bank
1st Source Bank
1st State Bank
1st Step Mortgage Group, Inc.
1st Trust Bank for Savings FSB
1st Trust Mortgage Corporation
1st United Bank
21 Asset Management Holdings LLC
215 Holding Co
21st Mortgage Corporation
22 Asset Management Holding, LLC
2CI Direct
360 Mortgage Group, LLC
3RD Financial Service Corporation
406 Partners
7 Bay Traders, LLC
A & N Mortgage Services, Inc.
A Great Mortgage Company, Inc.
A Great Southern Mortgage Corp
A&A Mortgage Inc.
A&C Mortgage LLC
A&D Financial Corp.
A. Anderson Scott Mortgage Group, Inc.
A. M. Robbins Mortgage, Inc.
AA Mortgage Corp
AAA Worldwide Financial, Co.
Aaron Lending, LLC
Aasent Mortgage Corporation
Abacus Financial Inc. dba Get Your Mortgage Here.com
ABBA First Mortgage, Inc.
ABC America’s Best Choice Financial Group, Inc.
ABC Mortgage
ABCO Federal Credit Union
ABI Mortgage, Inc.
ABN AMRO Mortgage Group Inc.
ABS Financial Inc dba Greater Ohio Mortgage
Absolute Home Mortgage Corp.
Absolute Lending Group, LLC
Absolute Mortgage Company
Absolute Mortgage Corporation
Absolute Mortgage Corporation of NC
Abundance Home Mortgage LLC
Abundant Mortgage Inc.
Abwin Mortgage Corporation
Acacia Federal Savings Bank
Academy Mortgage Corporation
Acadia National Mortgage, LLC
Acceptance Capital Mortgage Corporation
Access Capital Funding LLC
Access Capital Group Inc
Access Mortgage and Financial
Access National Mortgage Corporation.
Access One Mortgage Company, LLC
Access Texas Mortgage
AccessPlus Mortgage
Accord Financial
Accredited Home Lenders
ACCU Funding Corporation
Accunetmortgage.com, LLC
Accurate Fidelity Mortgage Corporation
Ace Mortgage Funding LLC dba Millennium Funding Group
Ace Mortgage Funding, LLC
Acopia, LLC
Acre Mortgage & Financial, Inc.
ACT Lending Corporation
Action Mortgage, LLC
Adams Mortgage, LLC & Adams Mortgage LLC dba Front Range Mtg
Added Value Inc
Adelo Mortgage, Inc.
Admiral Mortgage, Inc
Advance Mortgage & Investment Company of N. Florida Inc.
Advance Mortgage Corporation
Advance Mortgage Source Inc dba S. Carolina Mortgage Assc
Advanced Concepts Enterprises Inc
Advanced Financial Services, Inc. (aka AFS Financial, Inc.)
Advanced Lending Group dba Nationwide Lending Group
Advanced Mortgage Marketing LLC dba Equity One Mortgage
Advanced Mortgage Services
Advanced Mortgage Systems, LLC
Advantage Home Loans, LLC
Advantage Investors Mortgage Corporation
Advantage Loans, Inc.
Advantage Mortgage of Michigan
Advantage Mortgage of S. Florida
Advantage One Mortgage, Inc.
Advantage Residential Mortgage Company
Advantage/Universal Mortgage Inc dba Advantage Mortgage
Advantix Lending, Inc.
Advent Mortgage Corp.
Advent Mortgage LLC
Adventas, Inc.
Adventure Mortgage, Inc.
Advisor Net Mortgage LLC
Advisors Mortgage Group LLC
Advisor’s Mortgage, LLC
Aegis Correspondent Corporation
Aegis Funding Corporation
Aegis Lending Corporation
Aegis Mortgage Corporation
Aegis Wholesale Corporation
AFC Mortgage
Affiliated Funding Corporation
Affiliated Mortgage Company
Affiliated Mortgage LLC dba YSU Lending
Affinity Bank
Affinity Group Mortgage Services LLC
Affinity Mortgage Brokers Inc
Affinity Mortgage LLC dba Catholic Home Loan
Agape Financial Group
Agency Mortgage Corporation (Retail)
Agency Mortgage Corporation (Wholesale)
Agents & Builders Mtg. Co., LLC
Agfirst Farm Credit Bank
Aggresive International, Inc
Aggressive Mortgage
AGI Mortgage Lending of Indiana
Agire Mortgage Corporation
AHL, Mortgage, Inc.
AHM Acceptance, Inc.
AIG Federal Savings Bank
Air Academy Federal Credit Union
Air Academy Service Corp.
AKT American Capital Corporation
Alabama Housing Finance Authority
Alabama Telco Credit Union
Alacrity Lending Company
Alameda Mortgage Corporation, A California Corporation
Alarion Bank
Alaska Eastern Partners
Alaska Louisiana Partners
Alaska Seaboard Partners Limited Partnership
Alaska USA Federal Credit Union
Albany Mortgage Group
Alcova Mortgage
Alera Financial LLC
Alerus Financial, N.A.
Alethes, LLC
Aliant Bank
Alkan Mortgage Corp dba Certified Mortgage Planners
All Access Mortgage Corporation
All American Consulting, LLC dba All American Mortgage
All American Home Lending LLC
All American Home Lending, Inc.
All American Home Mortgage Corp.
All American Home Mortgage, LLC
All American Lending, LLC
All American Mortgage Corporation
All California Mortgage dba All American Mortgage
All Finance Mortgage, Inc.
All Home Lending, Inc
All Nation Funding Corp.
All Star Mortgage
All Star Mortgage Corp
All Star Mortgage Corporation
All State Home Mortgage Inc.
All Western Mortgage, Inc.
Allegro Home Loans LLC
Allegro-Mortgage Inc.
Allen Mortgage LC
Allen Tate Mortgage Services, Inc.
Alliance Bancorp
Alliance Bank Corporation
Alliance Financial Resources
Alliance Financing Mortgage Corp.
Alliance Home Funding LLC
Alliance Home Mortgage
Alliance Home Mortgage Inc.
Alliance Lending Inc.
Alliance Mortgage Banking Corp.
Alliance Venture Mortgage, LLC
Allied Commercial Services Inc. dba Capital Mortgage Group
Allied Financial, LLC dba Iron Mortgage
Allied Home Mortgage Capital Corporation
Allied Home Mortgage Corporation
Allied Mortgage Group, Inc.
Allied Mortgage Professionals, Inc.
Allsource Mortgage Inc.
Allstar Mortgage Services LLC
Allstate Home Mortgage, LLC
All-Times Mortgage, Inc.
Alpha Mortgage Corporation
Alpha Mortgage USA
Alpine Bank
Alpine Mortgage LLC
Alpine Mortgage Services, Inc.
ALS – Wilmington Trust Co
ALS 2000-1
ALS 2000-2
ALS 2001-2
ALS FNMA Trust 2001-T1
ALS FNMA Trust 2001-T3
ALS FNMA Trust 2001-T4
ALS in Trust for SASCO
ALS PRIVATE INVESTOR – Bank United
ALS PRIVATE INVESTOR – Mass Mutual
ALS PRIVATE INVESTOR – ONE WILLIAM STREET
ALS Private Investor – Washington Trust
ALS PRIVATE INVESTOR-Quaker City
ALS SASCO 2001-4A
ALS SASCO 2001-5
ALS SASCO 2001-6
ALS SASCO 2001-7A
ALTA Financial Corp
Alta Financial Inc. dba Alta Financial Mortgage
Alterna Mortgage Co.
Alternative Financing Corporation
Alternative Funding Corp
Alternative Mortgage Options, Inc.
Alternative Mortgage Solutions, Inc.
Alternative Resource Services Inc
Altura Credit Union
Amalgamated Bank
Amalgamated Bank (NY)
Ambeck Mortgage Associates
Amber Financial Group, LLC
AMC Mortgage Services Inc.
AmCap Mortgage Ltd
Amera Corporation dba Amera Mortgage Corporation
Amera Mortgage Corporation
Ameribanc Corporation
Ameribank – Warehouse
Ameribank Mortgage Company LLC
America South Mortgage Corp.
AmericaHomeKey
American Acceptance Mortgage, Inc
American Acceptance Mortgage, Inc.
American Advantage Mortgage Company, L.L.C.
American Bancshares Mortgage Corporation
American Bank
American Bank & Trust
American Bank and Trust
American Bank of Commerce
American Bank of Texas N.A.
American Benefit Mortgage Inc.
American Capital Home Loans, LLC
American Capital Mortgage Bankers, Ltd.
American Chartered Bank
American Dream Funding Corporation
American Eagle Federal Credit Union
American Eagle Mortgage Inc
American Enterprise Bank of Florida
American Equity Mortgage
American Family Funding, Inc.
American Family Mortgage, Inc.
American Federal Bank
American Federal Mortgage Corporation
American Fidelity Mortgage Bankers, Inc.
American Fidelity Mortgage Corp.
American Fidelity Mortgage Services, Inc.
American Fidelity, Inc.
American Financial Funding Corp.
American Financial Lending, Inc.
American Financial Mortgage Corporation
American Financial Network, Inc DBA Realty Mortgage Alliance
American Financial Resources Inc.
American Financial Resources Incorporated
American Financial Services
American Financing Corporation
American First Credit Union
American First Real Estate Services, Inc.
American Freedom Group, Inc
American Freedom Mortgage Inc.
American General Financial Services of Arkansas dba MorEquit
American General Mortgage
American Guardian Financial Group Inc.
American Heritage Capital, LP
American Heritage Mortgage Co, LLC
American Home Equity Corporation
American Home Free Mortgage, LLC
American Home Lending Inc. DBA American Home Residential Inc
American Home Lending USA, LLC
American Home Loan Center, LLC dba Centric Mtg & Natl Invest
American Home Loans LLC
American Home Mortgage Company
American Home Mortgage Corp dba American Home Mortgage
American Home Mortgage Holdings, Inc.
American Home Mortgage Investment Corp.
American Home Mortgage Services, Inc.
American Home Mortgage Servicing, Inc.
American Home Mortgage, Inc.
American Homefront Mortgage Funding
American Homestar Mortgage, LLC
American Homestead Mtg. LLC
American Independent Association
American Interbanc Mortgage
American Internet Mortgage, Inc.
American Investors Bank and Mortgage
American Land Title Association
American Lending Group
American Lending Group, Inc.
American Lending Network, Inc.
American Liberty Mortgage & Loan Corporation
American Liberty Mortgage Inc
American Loan Centers
American Midwest Mortgage Corp
American Money Centers Inc.
American Mortgage & Financial Services LLC
American Mortgage Advisors, Inc.
American Mortgage Associates, Inc AR
American Mortgage Company
American Mortgage Corp of South Alabama DBA Mid America Mort
American Mortgage Corporation
American Mortgage Corporation.
American Mortgage Exchange, Inc.
American Mortgage Express
American Mortgage Express dba Millennium Funding Group
American Mortgage Express Financial
American Mortgage Funding Corporation
American Mortgage Group, Inc. (AZ)
American Mortgage Group, LLC
American Mortgage Home, Inc.
American Mortgage Investment Partners II
American Mortgage Investment Partners LLC
American Mortgage Network, Inc.
American Mortgage of Montana, Inc.
American Mortgage Service Company
American Mortgage Services, Inc.
American Mortgage Specialists Inc.
American Mortgage, Inc
American National Bank – Denver
American National Bank dba Res Mort Services & Peoples Nat’l
American National Mortgage Corp DBA Affordable Mortgage Solu
American Pacific Mortgage Corp. dba American Pacific Funding
American Partners Bank
American Pioneer Financial Services, Inc.
American Portfolio Mortgage Corp.
American Prime Finance Services
American Residential Mortgage LP
American Savings Bank
American Security Mortgage Corp.
American South Lending, Inc.
American Southwest Mortgage Corp
American State Bank/Home Loan Center
American Sterling Bank
American Trust & Savings Bank
American Trust Bank Mortgage LLC
American Unified Mortgage, Inc.
American Union Financial Services, Inc.
American United Mortgage Corp
American USA Mortgage P.A.
American West Bank
Americana Mortgage, Inc
AmericanBank, NA
Americanwest Bank
Americap Financial, Inc
Americapital Funding Corp
Americare Inv Group dba Premier Capital Lending Group
Americas First Choice Lending
Americas First Home Mortgage Company
America’s First Mortgage Lending Co
America’s Home Loan Inc.
America’s Home Mortgage, LLC
America’s Lending Solutions LTD
America’s Mortgage Alliance, Inc
America’s Mortgage Banc, Inc.
America’s Mortgage LLC
America’s Mortgage Resource Inc.
America’s Servicing Company
AmericasBANK
Americash
Americasun Financial
Americor Lending Group
Americorp Credit Corporation
AmeriCU Credit Union
Amerifinancial Mortgage Corp.
Amerifirst Financial Corp
AmeriFirst Financial, Inc.
Amerifund Financial Inc. dba All Fund Mortgage
Amerifund Home Mortgage LLC
Amerifund Lending Group dba ALG Real Estate Services Inc.
Amerihome Loan Inc.
Amerihome Mortgage Company, LLC
AmeriMortgage Bankers, LLC
Ameri-National a div of National Bank of Kansas City
Ameripath Mortgage
Ameriprise Financial Inc DBA Ameriprise Bank FSB
AmeriPro Funding, Inc.
Amerisave Mortgage Corporation
AmeriServ Financial Bank
AmeriSouth Mortgage Company
AmeriStar Home Mortgage Corp of Pennsylvania
AmeriStar Mortgage Corporation
Ameristar Mortgage.
Ameritrust Mortgage Bankers, Inc.
Ameritrust Mortgage Company, LLC
Ameritrust Mortgage Corporation
Amherst Funding Group LP
Ampro/HicStar
AMS Financial, Inc, dba Advanced Mortgage Services
Amstar Mortgage Corporation
AMTEC Funding Group LLC
AmTrust Bank, A Federal Savings Bank
Amtrust Mortgage Corporation
Anchor Bank Farmington NA
Anchor Bank, N.A.
Anchor Funding Inc.
Anchor Home Mortgage
Anchor Mortgage Services, Inc.
Ancient City Mortgage, Inc.
Andes Financial Inc.
Ann Arbor Mortgage Company LLC
Annandale State Bank
Answer Capital Incorporated dba Answer Capital Mortgage
Answer One Mortgage, Inc.
Anthem Enterprises Inc
Apex Funding Inc.
Apex Lending Inc.
APEX MORTGAGE INC
Apex Mortgage LLC
Appalachian Community Bank
Apple Valley Mortgage, Inc.
Approved Financial Corp
Approved Funding Corp.
Approved Home Lending, Inc.
Approved Home Mortgage, Inc (ME)
Approved Home Mortgage, Inc.
Approved Mortgage Funding LLC
Approved Mortgage Loans, Inc.
Approved Mortgages Inc.
Apreva Financial Corporation dba Apreva Funding
Arbor Homes Mortgage LLC
Arbor Mortgage Corporation
Arbor Realty NPAP Holdings LLC
Arboretum Mortgage Corporation
Arbotco Financial Corporation
ARC 2000 BC-1
ARC Westwood Home Saver Fund I, LP
Arcadian Mortgage Corporation
Arcata Investments 2, LLC
Arce Financial, LLC
Arch Mortgage Corporation
Archer Mortgage
Archway Mortgage, LLC
Archwood Mortgage LLC
Arden Mortgage Co
Ardent Financial Corporation
Arisen Mortgage Corporation
Aristar Mortgage Company
Arizona Federal Credit Union
Arizona State Credit Union
ARK LA TEX Financial Services dba Benchmark Mortgage
Ark Mortgage, Inc.
Arlington Capital Mortgage LLC
ARMC – Alliance Residential Mtg Corp dba Alliance Res Mtg
Array Financial Group Inc.
Arrowhead Central Credit Union dba Arrowhead Credit Union
Artisan Mortgage, LLC (OH)
Arvest Mortgage Company
Ascella Mortgage, LLC.
Ascent Home Loans, Inc.
Asheford Funding Group LLC
Ashore Funding, Inc.
Ashworth Funding Inc.
Ask for a Loan, Inc.
Aspen Leaf Mortgage, LLC
Aspen Mortgage LLC
Aspire Financial Inc dba Texaslending.com
Asset Capital Mortgage, Inc.
Asset Direct Mortgage LLC
Asset Management Holdings, LLC
Asset Management West 10 LLC
Asset Management West 6, LLC
Asset Management West 7, LLC
Asset Management West 8 LLC
Asset Management West 9, LLC
Asset Management West LLC
Asset Mortgage Corporation
Assets Recovery Center Investments, LLC
Assets Recovery Center LLC
Associated Bank NA
Associated Mortgage Corporation
Assurance Financial Group LLC
Assured Lending Corp.
Assured Mortgage Bankers Corp.
Assured Mortgage, Inc.
Assurity Financial Services, LLC
Astoria Federal Savings and Loan Association
At Home Mortgage Corp.
Atlanta Intown Mortgage, Inc.
Atlantic Pacific Mortgage Corporation
Atlantic Bay Mortgage Group LLC
Atlantic Coast Federal
Atlantic Coast Mortgage Group, Inc.
Atlantic Coast Mortgage Services
Atlantic Federal Credit Union
Atlantic Financial, Inc.
Atlantic First Financial Corporation
Atlantic Home Lending Inc.
Atlantic Home Loans d/b/a Atlantic Home Loans Lcnsd Mtg Bnkr
Atlantic Home Mortgage, Inc.
Atlantic Mortgage Services Inc.
Atlantic National Bank
Atlantic States Bank – Florida
Atlantis Financial Group, Inc. dba Atlantis Mortgage
Atlantis Mortgage Co., Inc.
Atlas Mortgage Company LLC
Atlas Mortgage, Inc.
Auburn Bank
Augusta Mortgage Co.
Augustine E Asinobi dba Zomek Mortgage/Realty Inc.
Aurgroup Financial Credit Union
Aurora Contract Services, Inc.
Aurora Financial Group, Inc.
Aurora Loan Services LLC
Aurora Loan Services, Inc., Repurchase Lending Division
Aurora Mortgage LLC
AUS Financial Services, Inc.
Austin Perry Financial Corporation
Automated Finance Corporation
Availent Mortgage
Avalon Mortgage, Inc.
Avanta Federal Credit Union
Avanti Financial Network LLC
Avaris Capital
Avelo Mortgage, L.L.C.
Aventus, Inc.
Avenue Bank
Avenue Mortgage Corporation
Avery Financial Group Inc.
Avex Funding Corporation
Avista Solutions
Avizen Lending Solutions Inc
Avrus Financial and Mortgage Services Inc
Axent Funding LLC
Axia Financial LLC
Axiom Financial, LLC
Axiom Mortgage Bankers Corp.
Axis Bancorp Inc.
Axis Financial, LLC
Axis Mortgage & Investments, a/d/o The Biltmore Bank of Ariz
Axis Mortgage & Investments, L.L.C.
B&A Mortgage, Inc.
B. R. Mortgage LTD
Back Bay Inc dba Mtg Approval Serv(MA), Approved Mtg Serv(FL
Badger Funding Corp
Bahl & Bahl, Inc.
Baker Mortgage Company, Inc.
Baker Ronan Financial dba First Nations Financial
Baker Street Mortgage
Baltimore County Savings Bank, FSB
Banc Investments Group/Pacific Coast Bankers’ Bancshares
Banc of America Securities LLC (Global ABS)
Banc Ohio Financial
BancCap Advisors LLC
BancFirst
Banco Popular National Association
Banco Popular North America, South Florida Region
Bancocorp Mortgage Inc
BancorpSouth Bank Mortgage Division
Bangor Savings Bank
Bank Independent (Mortgage Lending)
Bank Mortgage Solutions LLC
Bank of America Warehouse Lender
Bank of America, N.A.
Bank of America, N.A.
Bank of America, NA – Reverse Mortgage
Bank of America, NA (formerly Fleet National Bank)
Bank of America, National Association
Bank of America, Ntnl Assoc Trustee/Custodian for WAMU/WMMSC
Bank of America.
BANK OF ANN ARBOR
Bank of Ann Arbor Wholesale Lending Division
Bank of Bartlett
Bank of Blue Valley (Internet)
Bank of Blue Valley (Retail)
Bank of Charles Town
Bank of Colorado
Bank of Commerce
Bank of Elmwood
Bank of England Mortgage Company dba England Lending
Bank of Florida
Bank of Idaho
Bank of Illinois in Normal
Bank of Internet USA
Bank of Jackson Hole
Bank of Lake Mills
Bank of Lee’s Summit
Bank of Little Rock Mortgage Corporation
Bank of New England
Bank of New York Trust Company, N.A.
Bank of North Carolina
Bank of Oklahoma
Bank of Ruston
Bank of San Angelo, N.A., a Branch of First Natl Bk of Balli
Bank of St. Augustine
Bank of Tennessee
Bank of the Cascades
Bank of the Prairie
BANK OF THE WEST, A CALIFORNIA STATE BANKING CORPORATION
Bank of the Wichitas
Bank of Utah
Bank of Whitman
Bank One Trust Company, NA
Bank One, NA (Conduit)
Bank United FSB
Bank VI
Bank2
BankAnnapolis
BankAtlantic
bankcda
Bankers Bank
Bankers Choice Mortgage Corp.
Bankers’ Financial, Inc
Bankers First Mortgage Inc.
Bankers Home Mortgage, Inc
Bankers Mortgage Corporation
Bankers Mortgage of Pasco County, Inc.
Bankers Mortgage Trust Inc
Bankers Trust Co NA
Bankerswest Funding Corporation
BankFirst
BankIowa
Bankline Mortgage Corporation
BankPlus
BankTennessee
Banktrust of AL
BankVista
Bankwest (MN)
Banner Bank
Banner County Bank
Banyan Financial Group Inc.
Barclays Bank PLC
Barclays Pacific Lending Corp.
Barkwood Mortgage Solutions, Inc.
Barnacle Mortgage, Inc.
Barnes Banking Company
Barr Group, Inc.
Barrington Capital Corporation
Barrington Mortgage Corp
Barrons Mortgage Corporation
Barrons Mortgage Group LTD dba goodmortgage.com
Bartlett Mortgage, Inc.
BasePoint Analytics
Bay Banc Mortgage Corporation
Bay Capital Corp.
Bay Equity LLC
Bay Financial Savings Bank FSB
Bay Lending Corp
Bay National Bank
Bay to Bay Lending LLC
Bay Valley Mortgage Group d/b/a Pacific Bay Lending Group
BayCal Financial Mortgage Corporation
Baymont Financial, LTD
BayPort Credit Union
BayRock Mortgage Corporation
Bayshore Financial Corporation
Bayside Mortgage Services Inc.
Baytree Lending Company
Bayview Financial Group, LLC dba Garrow Mortgage
Bayview Home Mortgage Corp
Bayview Loan Servicing, LLC
BBC Funding Corporation, DBA X Loan
BBVA Bancomer USA
Beach First National Bank
Beach Mortgage Co. Inc.
Beacon Financial Mortgage Bankers
Bear Stearns
Beazer Mortgage Corporation
Bednar Inc.
Bell America Mortgage, LLC Dba Bell Mortgage
Bell Home Loans Inc.
Bella Home Mortgage
Bellevue Home Mortgage
Belmont Savings Bank
Beltway Capital, LLC
Belvidere Networking Enterprises
Benchmark Financial Services, Inc.
Benchmark Funding Corporation
Benchmark Home Mortgage Inc.
Benchmark Lending Group, Inc.
Benchmark Mortgage, Inc.
Benchmark Mortgage, LLC DBA Grandmark Mortgage
Beneficial Capital Management Corp.
Benefit Equity Mortgage LLC
Benefit Funding Corporation
Bentwood & Bowden Mortgage Group, Inc
Bergin Financial, Inc.
Berkshire Bank
Berry Hill Inc dba Blue Heron Mortgage Company
Best Mortgage, Inc.
Best Rate Funding Corp.
Bi-Coastal Mortgage Inc.
Big Sky Western Bank
Billings Federal Credit Union
Biltmore Financial Bancorp, Inc.
Biltmore Mortgage & Associates
Birmingham Bancorp Mortgage Corporation
BJK Winston Enterprises Inc dba Financial Advantage Home Loa
BJV Financial Services Inc dba Forum Mortgage Bancorp
Blackhorse Mortgage Corp
Blair Services of America Inc.
Bloomfield State Bank
Blount Ventures, Inc. dba Blount Mortgage
Blue Chip Mortgage Wholesale, LLC
Blue Ridge Investments LLC
Blue Saphire Investments, (CA) Inc
Blue Star Financial Services, Inc.
Blueleaf Lending LLC
BM Real Estate Service Inc
BNC Mortgage, Inc.
BNC National Bank
Boehck Mortgage Co
Boeing Employees’ Credit Union DBA BECU
Bogman, Inc.
Bondcorp Realty Services, Inc.
Boone Bank & Trust Co
Borel Private Bank & Trust Company
Borrowers Choice Mortgage, Inc.
Boston Private Bank & Trust Company
Bottomline Mortgage, Inc.
Boulder West Financial Services Inc.
Boulevard Bank
Boulevard Mortgage Corporation
Bradford Bank
Bradford Mortgage Company
Bradford National Bank
Brainerd Savings and Loan Association
Branch Banking & Trust Company
Brand Mortgage Group LLC
Bravo Credit Corp.
Bremer Bank, N.A.
Brenner Mortgage Corp.
Brentwood Mortgage Services, Inc.
Brian A. Cole & Associates LTD dba First Nations Mtg of Ohio
Bridgeport Lending LLC
Bridgewater Capital, Inc.
Bridgewater Savings Bank
Brier Mortgage Corp.
Bright Mortgage Group, Inc.
Bright Vision Mortgage Inc.
Brighten Lending
Brimfield Bank
Briner, Incorporated
Britton & Koontz Bank National Association
Broadview Mortgage Corporation
BrooksAmerica Mortgage Corp.
Brookside Mortgage Corporation
Brownstone Mortgage & Investments LLC
Bryco Funding Inc
BSI Financial Services, Inc
BSM Financial DBA Bank Source Mortgage
Buckingham Mortgage Corporation
Buddy’s Little Man Inc dba Harbor Financial Mortgage
Budget Mortgage Bankers, L.T.D.
Buffalo Federal Savings Bank
Builder Mortgage Company, Inc.
Builders Mortgage LLC
Burke & Herbert Bank & Trust Company
Busey Bank
Bush & Hewitt Holding, Inc dba Direct Funding
Business Bank of Skagit County
Butler Mortgage Inc.
Buyers Way Home, LLC
BWM Mortgage LLC
Byron Bank
C & T Mortgage LLC
C and F Mortgage Corporation
C&G Financial Services Inc
C.U. Financial, Inc
C2CL, Inc.
Cadence Bank, N.A.
Cal Coast Mortgage Corp.
CALFED CAP REIT
California Bank & Trust
California Empire Bancorp, Inc.
California Financial Group Inc dba California Financial Serv
California Housing Finance Agency
California Mortgage Advisors, Inc.
California Mutual Funding
California Nova Financial, Inc.
California State Teachers’ Retirement System
Cali-Land, Inc. DBA Cali-Land Bankers Home Loan
Calisto Group Inc dba Metro Lending Services
Calliance Realty Fund, LLC
CalPacific Mortgage Inc.
CALPERS (Private)
CalPers Retained Servicing
Calvert Mortgage Company
Cambridge Financial Serivces dba Cambridge Home Loans
Cambridge Funding Group Inc
Cambridge Home Capital, LLC
Cambridge Mortgage Corporation
Cambridge Mortgage Group, LLC
Cambridge Savings Bank
Cameron Financial Group, Inc.
Campbell & Fetter Bank
Campbell Financial Services, Inc.
Canyon National Bank
Capaha Bank
Cape Bank
CapFund Lending
CapGrow Home Mortgage, LLC
Capital Access Mortgage, Inc.
Capital Advantage Mortgage, Inc.
Capital Alliance Advisors Incorporated
Capital American Mortgage Company
Capital Assistance Corp
Capital Bank
Capital Center LLC
Capital City Bank
Capital Concepts, Inc
Capital Credit Union
Capital Direct Financial
Capital Financial Associates, Inc. dba CFA Mortgage
Capital Financial Bancorp, Inc.
Capital Financial Ent. Inc. dba Capital Mortgage Services
Capital Financial Group
Capital Financial Mortgage Corp
Capital Financial Services
Capital Funding Mortgage Company LLC
Capital Hill Mortgage Co., Inc.
Capital Lending
Capital Lending Group LLC
Capital Lending Source, LLC
Capital Mortgage Associates LLC
Capital Mortgage Corporation
Capital Mortgage Finance Corp
Capital Mortgage Funding L.L.C.
Capital Mortgage Inc
Capital Mortgage Services, Inc
Capital One Home Loans LLC
Capital One Home Loans, LLC
Capital One, National Association
Capital Plus Mortgage and Underwriting Services Inc.
Capital Quest Mortgage, Inc.
Capital Reverse Mortgage Group
Capitalbank
CapitalMark Bank & Trust
CapitalSouth Bank
Capitol Commerce Mortgage Company
Capitol Credit Union Service Organization, LLC
Capitol Mortgage Services, Inc.
Capstar Lending, LLC
Capstar Mortgage Bankers, Inc.
Capstone Bank
Capstone Direct Inc.
Capstone Lending Corp
Capstone Mortgage Ind. dba Baker Group
CapWest Mortgage Corporation
Cardinal Banc and Mortgage Corp
Cardinal Financial Company, Limited Partnership
Cardinal Mortgage Inc.
Cardinal Mortgage, P.L.L.C
Carlton Mortgage Services, Inc.
Carnegie First Lending Services
Carolina Bank
Carolina Commerce Bank
Carolina Mortgage / CDJ, Inc
Carolina Mortgage Company of Fayetteville
Carolina Mortgage Group, Inc
Carolina State Mortgage Corporation
Carr and Carr Enterprises Inc. dba Carr Mortgage Funding
Carrington Mortgage Services LLC
Carrollton Mortgage Services, Inc.
Carter Lending Inc.
Carver Federal Savings Bank
Casa Blanca Mortgage Inc. d/b/a Shearson Mortgage
Casa Gran Real Estate Inc dba Padre Mortgage
Casa Linda Mortgage, LTD
Casa Mortgage Inc.
Cascade Bank
Cash Fast Finance, LLC dba Blue Financial
Cash Out Mortgage Corporation
CashCall, Inc.
Cass County Bank
Castle & Cooke Mortgage LLC dba Box Home Loans for Utah loan
Castle Mortgage
Castle Mortgage of Green Bay, Corp.
Castle Rock Financial Corp
Castlerock Mortgage, LTD
Castleview Home Loans
Castlewood Home Loans, LLC
Catalyst Lending Inc.
Catholic and Community Credit Union
CB&T Mortgage, LLC
CBC Companies
CBC National Bank dba First National Bank of Nassau County
CBSK Financial Group dba American Home Loans
CDC Federal Credit Union
CDC Financial Group Inc
CDC Mortgage Capital Inc.
Cedar Mortgage Company
Cedar Rapids Bank and Trust Company
Cedar River Mortgage L.L.C.
CedartStone Mortgage, LLC
Celbrity Mortgage LLC
Celink
Celtic Bank Corporation
Cenlar FSB
Cenlar FSB – AGGREGATOR
Centennial Bank
Centennial Bank (AR)
Centennial Bank Inc.
Centennial Bank.
Centennial Mortgage and Funding, Inc.
Center State Mortgage
Centier Bank
Centra Credit Union
Central Alabama Mtg., Inc.
Central Banc Mortgage Corporation
Central Bancompany
Central Bancshares
Central Bank
Central Bank and Trust Co
Central Bank of Jefferson County, Inc.
Central Bank of Kansas City
Central Jersey Mortgage Corporation
Central Mortgage Bancorp, Inc.
Central Mortgage Company
Central National Bank
Central National Mortgage
Central Pacific Bank
Central Pacific Home Loans
Central Pacific Mortgage
Central Rockies Mortgage Corp.
Central Texas Mortgage Corp.
CentreBank
Centric Mortgage
Centrue Bank
Centurion Mortgage Inc.
Century Bank
Century Bank (New Mexico)
Century Bank FSB
Century Bank of Kentucky Inc
Century Mortgage Company dba Century Lending Company
Century Pacific Mortgage Corporation
CEREF Partners 1 LP
Certified Funding, LP
Certified Home Loans of Florida
CES Credit Union, Inc.
CF Bank
CFS Mortgage Corporation
CFSC Capital Corp. VIII
Challenge Financial Investors Corp.
Champion Bank
Chapel Hill Mortgage, LLC
Chapel Mortgage Corporation
Charlotte Home Equity LLC
Charter Bank
Charter Capital Corp dba First Capital Group
Charter Mortgage Company, Inc.
Charter One Bank N.A.
Charter Wholesale Mortgage
CharterWest Mortgage, LLC
CharterWest National Bank
Chartwell Mortgage Funding, LLC
Chase Home Finance LLC
Chase Manhattan Mtg. – Deerfield
Chatham & Associates, Inc.
Chemical Bank
Chemtov Mortgage Group Corp.
Cherry Creek Mortgage Company, Inc.
Chervenic Mortgage Group LLC
Chesapeake Bank of Maryland
Chesapeake Unlimited, Inc. dba Chesapeake Home Mortgage
Cheviot Savings Bank
Chevy Chase Bank, FSB
Cheyenne State Bank
CHI Financial, LP
Chicago Bancorp
Chicago Financial Services, Inc.
Chicago Mortgage Funding, LLC
Chicago Mortgage House, LLC
Chicago Mortgage Solutions Co dba Interbank Mortgage Co
Chicago United Mortgage, Inc.
Chicagoland Home Mortgage Corp.
Chimera Investment Corporation
CHL for CAMC (Distressed Assets)
CHL for Hudson SB, N.A.
CHL for Ohio SB
CHL for Truman Capital Advisors
CHL Mortgage Buyout Trust 98-A
CHL PRIVATE INVESTOR 3001045 (NON-MEMBER)
CHL PRIVATE INVESTOR 7001023 (NON-MEMBER)
CHL PRIVATE INVESTOR 7001178 (NON-MEMBER)
CHL PRIVATE INVESTOR 7001388 (NON-MEMBER)
CHL PRIVATE INVESTOR 7001624 (NON-MEMBER)
CHL PRIVATE INVESTOR 7001627 (NON-MEMBER)
CHL PRIVATE INVESTOR 7001671 (NON-MEMBER)
CHL PRIVATE INVESTOR 7001716 (NON-MEMBER)
Choice Bank
Choice Bank (AZ)
Choice Capital Funding, Inc
Choice Finance Corp.
Choice Lending Corp. dba Choice Lending Group
Choice Lending Group, L.L.C.
Choice Lending Inc.
Choice Mortgage Corp.
Choice One Mortgage, Inc
ChoiceAmerica Lending, LLC
Christen E. Keller dba 1st Sheffield Mortgage
Christopher E. Hobson, Inc. dba Franklin Fin. Integrated Mtg
Churchill Mortgage Corporation
Cimarron Mortgage Company
Cincinnati Federal Savings and Loan Association
Circle One Mortgage Company
Cirrus Mortgage
CIS Financial Services, Inc.
CIT Group, Inc.
Citadel Servicing Corporation
Citi Residential Lending
Citibank (West) FSB
Citibank, FSB
Citibank, NA
Citifinancial Mortgage Company, Inc.
Citigroup Global Markets Realty Corp
Citiline Mortgage Company of Colorado Springs, Inc.
CitiMortage, Inc. as Master Servicer for TVLB
CitiMortgage, Inc.
CitiMortgage, Inc. as Master Servicer for Various Investors
Citimutual Corporation dba CIMU Wholesale
Citizens Bank
Citizens Bank (Delaware)
Citizens Bank (OR).
Citizens Bank (TN)
Citizens Bank Mortgage Company, LLC
Citizens Bank Mortgage Corporation, LLC
Citizens Bank N.A.
Citizens Bank of Ada
Citizens Bank of Connecticut
Citizens Bank of Massachusetts
Citizens Bank of New Hampshire
Citizens Bank of Pennsylvania
Citizens Bank of Rhode Island
Citizens Bank Tri-Cities
Citizens Commerce National Bank
Citizens Community Bank
Citizens Community Bank Mortgage Division
Citizens Fidelity Mortgage Corp.
Citizens Financial Mortgage Inc.
Citizens First Mortgage
Citizens First Mortgage LLC
Citizens First Wholesale Mortgage Company
Citizens Home Loan, Inc.
Citizens Mortgage Corp
Citizens Mortgage Corporation.
Citizens National Bank of Greater St. Louis
Citizens Security Bank & Trust Company
Citizens South Bank
Citizens State Bank dba CSB Mortgage
Citizens State Bank Norwood Young America
Citizens State Bank of Cortez
Citizens Trust Mtg Corp dba CTM Finance Corp.
Citizens Union Bank
City Bank & Trust Co.
City Bank dba City Bank Mortgage
City Capital Mortgage Banking Corp.
City National Bank
Citybank
Cityfirst Mortgage Services, LLC
Citywide Home Loans, A Utah Corporation
Citywide Mortgage Associates, Inc.
Citywide Mortgage Corp.
CJ Unlimited
Clarion Mortgage Capital, Inc.
Clark Welsh Mortgage Group, Inc.
Classic Bank, N.A.
Classic Home Financial, Inc.
Classic Home Loans
Classic Mortgage Corp and Delaware Classic Mortgage Corp
Clayson Mitchell Mortgage Services, LC
Clayton Lender Solutions
Clear 2 Close Mortgage Co. LLP
Clear Progress, Inc.
Clear Vue Capital Corporation
Clearinghouse Community Development Financial Institution
Clearwater Holdings Inc. dba Clearwater Home Mortgage
Clearwater Mortgage, LLC DBA Clearwater Mortgage
Cleveland Street Mortgage
Clifton Savings Bank
CLO Funding Corporation
ClosingHouse.com, Inc.
Clybourn Financial Services, Inc.
CMG Lending
CMG Mortgage, Inc.
CML Direct DBA Creative Mortgage Lending
CMLC Funding Inc
CMMI, LLC
CMS Capital Group, Inc., dba Clear Mortgage Solutions
CNBS Financial Group Inc
CNLBank
Coast 2 Coast Funding Group
Coast Capital Inc dba Coast Capital Mortgage
Coast Mortgage Corporation
Coastal Bend Mortgage Inc dba Global Mortgage Group
Coastal Capital Corp dba Clearlight Mort. dbaThe Mort. Shop
Coastal Federal Credit Union
Coastal Finance LLC
Coastal Mortgage
Coastal Mortgage Corporation
Coastal Mortgage Services, Inc.
Coastal States Mortgage Corporation
CoastalStates Bank
Coastway Credit Union
Cobalt Mortgage, Inc.
Coconut Grove Bank
Collateral Security LLC
Colombo Bank FSB
Colonial Bank
Colonial Bank (AL)
Colonial Home Mortgage Company
Colonial Mortgage Services Co of America
Colonial Savings, F.A.
Colonial Virginia Mortgage LLC
Colony Mortgage Lenders, Inc.
Colorado Capital Bank
Colorado Capital Funding, Inc.
Colorado Capital Group, LLC
Colorado Federal Savings Bank
Colorado Home Funding Inc dba American Home Funding
Coltate Capital LLC dba Onyx Financial Group LLC
Columbia Mortgage & Funding Corp
Columbia Mortgage Corp.
Columbia River Bank dba CRB Mortgage Team
Com Unity Lending
Combank Mortgage Company
ComCor Mortgage, a division of Southport Bank
Comerica Bank (Warehouse Lending)
Comerica Bank, A Texas State Chartered Bank
Commander Financial Corporation
Commerce Bank/ North
Commerce Bank/Harrisburg NA
Commerce Mortgage Corp.
Commercial Bank
Commercial Bank – TN
Commercial Bank & Trust Co.
Commonfund Mortgage Corp
Commonwealth Bank
Commonwealth Bank and Trust Company
Commonwealth Mortgage Group LLC
Commonwealth Mortgage of Texas LP
Commonwealth of Massachusetts, Division of Banks
Community Banc Mortgage Corp.
Community Banc Mortgage LLC
Community Bancshares Mortgage Co.
Community Bank
Community Bank – Wheaton/Glen Ellyn
Community Bank & Trust
Community Bank Missoula, Inc.
Community Bank of Mississippi
Community Bank of Northern Virginia
Community Bank of Oak Park River Forest
Community Bank of the Ozarks, Inc.
Community Bank of the South
Community Banks of Colorado dba Bankers Mortgage
Community Banks of Colorado Mortgage Division AFG
Community Central Mortgage Company, LLC
Community Financial Corporation
Community Financial Services Bank
Community First Bank
Community First Bank (AR)
Community First Bank (IN)
Community First Bank of Howard County
Community First Mortgage Inc.
Community First National Bank
Community First National Bank of West Plains
Community FirstBank
Community Home Financial Services, Inc
Community Home Loans LLC
Community Home Mortgage LLC
Community Lending Services
Community Mortgage
Community Mortgage Co. dba Community Mortgage Corp.
Community Mortgage Corporation
Community Mortgage Group Inc.
Community Mortgage Services, Inc.
Community National Bank
Community National Bank & Trust of Texas
Community National Bank (KS)
Community National Mortgage Inc dba First Community Mortgage
Community Pride Bank
Community Pride Mortgage Company
Community Resource Bank
Community Resource Mortgage, inc.
Community Shores Bank
Community Trust Bank
Community West Bank NA
CommunityBank of Texas, N.A.
Companion of Greer Mortgage Corp LLC
Compass Bank
Compass Bank f/k/a Texas State Bank
Compass Mortgage, Inc.
Competitive Capital Corporation
Competitive Mortgage Services Corp. dba Competitive Mortgage
Complete Mortgage, Inc.
Complete Service Lending dba Complete Mortgage & Financial S
Comstock Mortgage
Conaught Enterprise Corporation dba Sterling Financial Inves
Concord Financial Inc.
Concord Mortgage Company.
Concord Mortgage Corp
Concord Mortgage, Inc
Concordia Bank & Trust Company
Confidence Mortgage LLC
Conglomerated Mortgage Services, Inc.
Connecticut Community Bank, N.A.
Consolidated Capital Mortgage
Consolidated Consultants Inc
Consolidated Funding Corp. dba Consolidated Home Mortgage
Consolidated Mortgage Services, Inc.
Construction Capital Source, LC
Consumer First Mortgage Inc.
Consumer Home Mortgage Corp of America
Consumer Research Mortgage, LLC
Consumer Solutions, LLC
Consumers Choice Mortgage Company
Consumers Morgage, LLC
Consumers Mortgage Corporation
Consumers Mortgage Corporation of Ohio
Contemporary Mortgage Services, Inc
Contemporary Realty Solutions, Inc.
Continental American Mortgage Corporation
Continental Home Loans Inc.
Continental Mortgage
Continental Mortgage Bankers, Inc
Continental Mortgage Corporation
Contour Mortgage Corporation
Convergent Financial LLC dba Convergent Financial
Coppermark Bank
Coral Mortgage Bankers Corp
Corby Mortgage Services Inc.
Core Mortgage Group LLC
Core Star Financial Group
Corinthian Capital Group, Inc.
Corinthian Mortgage Corporation
Cornerstone Bancor Mortgage Corp
Cornerstone Bank
Cornerstone Bank (ND)
Cornerstone Bank (ND.)
Cornerstone Bank.
Cornerstone Community Bank
Cornerstone Credit Union
Cornerstone Federal Credit Union
Cornerstone Home Mortgage Corp dba MHI Mortgage
Cornerstone Lenders LLC
Cornerstone Mortgage Center Inc.
Cornerstone Mortgage Company
Cornerstone Mortgage Group, LTD
Cornerstone Mortgage, Inc.
Corporate Investors Mortgage Group, Inc.
Corridor Mortgage Group Inc.
Corvus Funding, Inc.
Coulombe & Evered LLC
Country Bank
Country Bank for Savings
Country Club Bank NA
Country Club Mortgage
CountryPlace Mortgage, Ltd.
Countrywide Bank, FSB
Countrywide Financial Corporation
Countrywide Warehouse Lending
County Bank
County Trust Mortgage Bankers Corp
Countybank
Countywide Mortgage Company
Courtesy Mortgage Company, A California Corporation
Courtyard Financial Inc.
Covenant Bank
Covenant Mortgage LLC
Coverdale Mortgage Corp.
Cowlitz Bank dba Bay Mortgage
CPCA Trust, I
Craig Kuper dba Shorecrest Mortgage
Cream City Mortgage Company, Inc.
Creative Mortgage Concepts, Inc.
Creative Mortgage Solutions
Creative Mortgage Solutions, Inc.
Credit Financial Services, LLC dba Alliance Mortgage Group
Credit Northeast Inc.
Credit Suisse Financial Corporation
Credit Suisse First Boston LLC
Credit Union Mortgage Association
Credit-Based Asset Servicing and Securitization LLC
Crescent Bank
Crescent Mortgage Company, a Delaware Corp.
Crescent Mortgage Services, Inc.
Crest Financial Inc
Crestar Mortgage Corporation
Crestline Funding Corp
Crestwood Financial, LTD
Crete Tomalka Mortgage, LLC
CreveCor Mortgage Inc.
Cromwell Mortgage, Inc
Cronin Financial Services LLC
Cronus Capital Group Corp.
Cross Capital LLC
Cross Keys Bank
Cross River Bank
Crosscountry Mortgage, Inc.
Crossfire Financial Network, Inc.
Crystal Clear Mortgage, LLC
Crystal Mortgage Corp.
CS Financial Inc.
CSMC Inc. dba Direct Mortgage Funding
CSW Financial LLC dba Titan Wholesale
CTHM, LLC
CTW Financial Services Inc.
CTX Mortgage Company
CU Home Mortgage Solutions, LLC
CU Mortgage Network, LLC
CU Mortgage Service LLC
CU WEST MORTGAGE #1002900
Cullman Savings Bank
Cunningham and Company
Curtis Mortgage Company, Inc.
CUSO Mortgage, Inc.
CUSO of Hawaii Inc.
CUsource, LLC
Custom Equity Mortgage LLC
Custom Home Lending LLC
Custom Home Loans
Custom Mortgage Corp dba Custom Residential Mortgage
Custom Mortgage Lenders
Custom Mortgage Solutions, Inc.
Custom Mortgage, Inc.
CVK Enterprises, Inc. dba Affinity Mortgage Service
CWM Partners LP dba Citywide Mortgage
CWMBS 2000-11
CWMBS 2001-2
CWMBS 2001-6 Group 1
CWMBS2000-1, Bank of New York as Trustee
CWMBS2000-2, Bank of New York as Trustee
Cypress Point Funding, Inc.
CyVex Group, Inc. dba CyVex Mortgage, Inc.
D&C Financial Corp
D&E Realty Financing and Investment LLC
D&L Enterprises LLC dba Arch City Lending
D&R Financial Group LLC
D. White & Co. LLC
D.L. Evans Bank
Dacotah Bank
Dakota Blue Mortgage LTD
Dakota Community Bank
Dallas Home Loans, Inc.
Danversbank
Darien Financial Services Inc.
Darren Mitchell Brennan dba Brennan Mortgage Group
DAS Acquisition Company, LLC
Dash Funding, LP.
Data Mortgage Inc, dba Essex Mortgage
DataVerify, Inc.
DATCU
David M. Whitsell dba Principal Results
David Petrie
Davis Insurance, Inc
Daylight Discount Mortgage Corp.
DB EMT LLC
DB Structured Products, Inc.
DCG Home Loans Inc.
DD Acquisition Sub LLC
De Anza Capital Inc
De Oro Inc dba De Oro Home Loans
Dean S. Berrett dba Berrett Mortgage Services
Deborah M. Gorman & Associates Home Loans, LLC
Decade Systems Corporation
Decision One Mortgage Company, LLC
Deere Employees Credit Union
Deichmann Mortgage Inc
Del Mar Datatrac Inc. dba Del Mar Database
Del Norte Refi, LLC
Del Norte, Inc.
Del Sur Corp dba Camino Real Mortgage & Star One Mortgage
Del Webb Mortgage Corporation
Delaware State Housing Authority
Dell Franklin Financial
Delta Funding Corporation
Delta Home Loans, Inc dba Go Loan
Delta Trust Mortgage Corporation
Denali Alaskan Federal Credit Union
Denny Hecker Mortgage, LLC
Denver Mortgage Company
Department of Housing and Urban Development
Derek A. Jones dba Legacy Mortgage Group
Desert Community Bank, a division of East West Bank
Desert Hills Bank
Design Mortgage Group.com
Desportes & Selig LLC
Destin First Bank
Deutsche Bank AG New York Branch
Deutsche Bank National Trust Company
Deutsche Bank National Trust Company Americas
Deutsche Bank National Trust Company Americas as Trustee
Deutsche Bank National Trust Company as Trustee
Deutsche Bank Trust Company Americas.
Developer’s Mortgage Company
Devine Lending, LLC
DFB Mortgage, Inc.
DFC Mortgage Services, Inc.
DGG Financial Corporation dba Drexel Lending Group
DHA Financial, Inc. dba Denver Home Approval
DHI Mortgage Company
Diablo Funding Group, Inc dba Bay Bancorp
Diamond Bank
Diamond Bank FSB
Diamond Hills Investment Inc. dba Bankers Direct
Diamond Mortgage, Inc.
Digital Docs
Digital Docs, Inc.
Digital Docs.
Digital Risk, LLC.
Direct Access LLC
Direct Equity Mortgage, LLC
Direct Lending Inc
Direct Loan America, Inc (R)
Direct Mortgage Corp
Direct Mortgage Inc.
Directions Equity LLC
Directors Financial Corp.
Directors Mortgage, Inc.dba USA Direct Funding
Distinctive Home Lending Inc
Diversified Capital Corporation of Tennesee
Diversified Home Mortgage
Diversified Mortgage
Diversified Mortgage Corporation
DMH Mortgage LLC
Doc Tech Inc
Doc Tech, Inc. dba Document Express, Inc.
Document Processing Systems, Inc.
Document Processing Systems, Inc. (DPS)
Document Systems, Inc – Doc Magic
Document Systems, Inc. – Doc Magic
Dollar Mortgage Corporation
Dollarhide Mortgage & Lending
Domestic Bank
Dominion Mortgage Corporation
Domond Financial Services, Inc. dba First Executive Mortgage
Double Tree Mortgage
Douglas County Bank
Dovenmuehle Mortgage, Inc.
Dover Mortgage Company
Downeast Mortgage Corporation
Downs Financial
Dragas Mortgage Company
Drake Mortgage Corp
Draper & Kramer Mortgage Corp. DBA 1st Advantage Mortgage (1
Draper & Kramer Mortgage Corp. DBA 1st Advantage Mortgage (2
Dream America, LLC
Dream Home Financial, LLC
Dream House Mortgage Corporation
Dreambuilder Investments Funding III
Dreambuilder Investments, LLC
Drew Mortgage Associates
Dryades Savings Bank FSB
Duke University Federal Credit Union
Dunne & Company Mortgage Lenders Inc
Durango Mortgage LLC
DuTrac Community Credit Union
Duxford Financial, Inc.
Dwight B. Delozier dba LoanStarr Mortgage
DYBN Financial Corporation
Dyck-O’Neal, Inc
Dynamax Mortgage, Inc.
Dynamic Capital Mortgage, Inc.
Dynamic Financial Consultants, Inc
Dynamic Mortgage Financial Corp
Dynamic Mortgage Solutions, LLC
Dynasty Mortgage, Inc.
Dyne Financial LLC
E Mortgage Direct, Inc.
E*Trade Bank
E*Trade Mortgage
E*Trade Savings Bank
E*Trade Wholesale Lending Corp.
Eagle Home Loans Inc.
Eagle Home Mortgage, LLC
Eagle National Bank
Eagle Savings Bank
EagleBank
Earth Mortgage, LP
East West Mortgage Company
East Bay Mortgage, Inc.
East Coast Mortgage and Financial Services Inc.
East Coast Mortgage Corporation
East Coast Mortgage Group, Inc.
East Coast Mortgage Lenders Inc
East Penn Bank division of Harleysville National Bank
East West Bank
East West Home Loan Corporation
Eastern Bank
Eastern Financial Home Loans Corp dba Pacific Direct Lending
Eastern Mortgage Co. Inc.
Eastern Utah Community Federal Credit Union
Eastland Financial Corporation
ebanc Funding, Your Mortgage Lender, LLC
ECC Capital Corp.
Edgartown National Bank
Edgewater Lending Group Inc
Edmond Mortgage, Inc.
Educated Mortgage Services LLC
Effective Mortgage, Inc.
e-Lend Mortgage, LLC
Elite Financial Investments Inc.
Elite Home Loans, Inc.
Elite Mortgage & Investments, LLC
Elite Mortgage Group, Inc.
Elite Mortgage Network, Inc
Elizabeth A. Smith dba The Mortgage Group
Ellie Mae
Elm Street Financial, LLC
E-Loan, Inc.
Elpis Lending Group Inc
Embassy Mortgage Group, Inc.
EMC Holdings LLC dba Englewood Mortgage Company
EMC Mortgage Corporation
Emerald Financial LTD.
Emerald Lending, LLC
Emery Federal Credit Union
eMortgage Management LLC
Empire Financial
Empire Home Loan Corp.
Empire Mortgage IX, Inc.
Empire Mortgage LLC
Empire Mortgage LLC V
Empire Mortgage LLC VII
Empire Mortgage VI, Inc.
Empire Mortgage X, Inc.
Empire Mortgage XI, Inc.
Empire Mortgage XIII, Inc.
Empire State Bank NA
EmpireAmerica LLC
Empirica Development Corporation
Encompass Lending Corp
Encore Credit Corporation
Endeavor Capital LLC dba Homestead Financial Mortgage
Enteprise Mortgage Group, LLC
Enterprise Bank & Trust
Enterprise Bank and Trust Company
Enterprise Bank, N.A.
Entrust Financial Corporation
Entrust Mortgage, Inc
eOption Loan, LLC
EPI Mortgage Center, Inc.
Equifirst Corporation
Equifund, Inc.
Equihome Mortgage Corp
EquiPlus, Inc.
Equipoint Financial Network, Inc.
Equisource Home Mortgage Corporation
Equitable Home Mortgage, Inc.
Equitable Mortgage Corp.
Equitable Mortgage Corporation
Equitable Mortgages of Nebraska Inc
Equitable Trust Mortgage Corporation
Equity Achievement Group, LLC
Equity Bank, NA
Equity Consultants, LLC
Equity Financial Inc
Equity Lending, LLC
Equity Loans LLC
Equity Mortgage Corporation
Equity National Funding Group, Inc.
Equity Now Inc.
Equity One, Inc.
Equity Plus, Inc.
Equity Resources, Inc.
Equity Services, Incorporated
ESB Financial
Essex Mortgage dba Alliance Lending Group
Essex Savings Bank, FSB
Etekcapital, LLC
Euro Mortgage Bankers Inc.
Eustis Mortgage Corporation
EvaBank
Evanston Insurance Company c/o Universal Assurors Agency Inc
Ever Bank
Everbank Reverse Mortgage Company, LLC
Everest Group, Inc. dba Kapt Mortgage
Everett Financial Inc dba Supreme Lending
Evergreen Home Loans
Evergreen Mortgage Corporation dba Evergreen Ohana Group
Evergreen Mortgage Services LLC
EverHome Mortgage Company
Evest Mac Funding 1
Evestmac Funding II LLC
EVOFI ONE
Evolution Funding Group, LLC.
Evolve Mortgage Services Inc.
Excel Bank dba Excel Mortgage Company
Excel Financial Group, LLC
Excel Funding
Excel Home Loan, Inc.
Excel Mortgage Network Inc
Excellence Mortgage, LTD.
Executive Financial Services Co Inc
Executive Home Loans, Inc.
Executive Lending Group, Inc.
Executive Mortgage Group
Executive Mortgage LLC
Executive Mortgage of Michigan LLC
Executive Mortgage Services, Inc.
Expedia Mortgage Company
Expedient Mortgage, Inc.
Expedited Financial Services Inc., dba MORTGAGE EXPEDITORS
Experience Mortgage Inc
Experienced Mortgage Professionals, Inc.
Expert Mortgage Company of Northeast Ohio LTD
Express Capital Lending
Express Financial Corp
Express Loan America, Inc. dba Express Loan America
Express Mortgage
Express Mortgage Group Inc dba Express Mtg Fndg Group Inc
Express One Mortgage Corp.
Extraco Banks, N.A., d.b.a. Extraco Mortgage
Eykis Financial Services, Inc.
EZ Funding Corporation
EZ Mortgage Lending
ezEscrow, Inc., dba Settleware Secure Services
F and B Acquisition Group LLC
F&M Bank Iowa
F&T Mortgage, Inc.
F.T. Financial Inc
Fairfield County Bank
Fairfield Financial Mortgage Group, Inc.
Fairmont Funding Ltd.
Fairpark Mortgage Inc.
Fairway Funding Group, Inc
Fairway Independent Mortgage Corp.
Fairway Mortgage Inc.
Faith Financial Group
Faith Mortgage, LLC
Falcon Capital Funding LLC
Family Choice Mortgage Corporation
Family Finance Mortgage LLC
Family First Mortgage
Family First Mortgage Inc
Family Home Finance LLC
Family Trust Mortgage Group LLC
Fannie Mae
Fannie Mae (Reverse Mortgages)
Farmers & Merchants Bank
Farmers & Merchants Bank of St. Clair
Farmers and Merchants Bank
Farmers and Merchants Bank (FL)
Farmers and Merchants Bank of Long Beach
Farmers Bank & Trust N.A.
Farmers State Bank
Farmers State Bank of Alto Pass
Farwell Lending LLC a subsidiary of Cambridge Savings Bank
FASLO Solutions, LLC
Fay Servicing LLC
Fayette County National Bank
FBC Mortgage LLC
FBI
FBT MORTGAGE L.L.C.
FCI Lender Services, Inc.
FDB Mortgage, Inc.
FDIC as Receiver for First National Bank of Nevada
FDIC as receiver for Franklin Bank SSB
FDIC As Receiver for Franklin Bank, S.S.B.
FDIC as receiver for Miami Valley Bank
FDIC as Receiver of Netbank
Fearon Financial, LLC
Fed Funding Mortgage Corporation
Federal Deposit Insurance Corporation
Federal Guaranty Mortgage Corporation
Federal Home Loan Bank of Atlanta
Federal Home Loan Bank of Boston
Federal Home Loan Bank of Chicago, as MPF
Federal Home Loan Bank of Cincinnati
Federal Home Loan Bank of Dallas
Federal Home Loan Bank of Indianapolis
Federal Home Loan Bank of New York
Federal Home Loan Bank of Pittsburgh
Federal Home Loan Bank of San Francisco
Federal Home Loan Bank of Seattle
Federal Home Loan Bank of Topeka
Federal Home Loan Mortgage Corporation
Federal Mortgage Company Inc
Federated Home Mortgage, Inc.
Federated Lending Corporation
Federated Mortgage Corporation
Federation of Appalachian Housing Enterprises, Inc.
Fidelity & Trust Mortgage, Inc.
Fidelity Bank
Fidelity Bank (MI)
Fidelity Bank, Wichita Falls
Fidelity Financial Mortgage Corp dba Fidelity Mtg Capital
Fidelity Funding Mortgage Corp.
Fidelity Home Mortgage Corporation
Fidelity Information Services
Fidelity Mortgage Corporation
Fidelity Mortgage Group Inc.
Fidelity Mortgage Lending, Inc.
Fidelity Mortgage, Inc.
Fidelity One Mortgage
Fidelity One Mortgage, LLC
Fidelity Savings Bank (PA)
Fidelity State Bank & Trust Co.
Fieldstone Mtg. dba Broad Street Mtg.
Fifth Third Bank
Fifth Third Bank (f/n/a Crown Bank FSB)
Fifth Third Bank (f/n/a Crown Bank)
Fifth Third Bank (f/n/a First Charter Bank)
Fifth Third Mortgage Company
FIMI dba Forum Mortgage
Finance America, LLC
Finance Factors,. LTD
Financial Builders FCU
Financial Capital Inc.
Financial Consolidation & Mortgage Corp. dba FCMC
Financial Mortgage Corporation
Financial Mortgage, Inc.
Financial One Mortgage Corporation
Fine Mark National Bank & Trust
First Access Mortgage Corp.
First Alliance Mortgage Corp of Delaware
First Allied Mortgage, dba Federal Finance
First Alternative Mortgage Corp.
First American Bank and Trust Company
First American Bank Home Mortgage
First American Bank, NA
First American CoreLogic
First American Default Information Services LLC
First American Equity Corporation
First American Fulfillment Solutions
First American Funding Co. LLC
First American Mortgage Trust
First American National Bank Association
First Arkansas Mortgage Company
First Atlantic Bank
First Atlantic Mortgage Services, Inc.
First Bank (VA)
First Bank and Trust of Mississippi
First Bank d.b.a. First Bank Mortgage
First Bank Mortgage, A Division of First Bank of Georgia
First Bank NC
First Bank of Idaho
First Bank of the Lake
First Banking Center
First Brunswick Mortgage
First California Bank
First California Mortgage Company
First Call Mortgage Company
First Capital Financial Resources
First Capital Fin’l Services Corp dba Full Compass Lending
First Capital Mortgage Group, Inc.
First Capital Mortgage Services Inc.
First Capital Mortgage, LLC
First Capstone Mortgage LLC
First Centennial Mortgage Corp.
First Central Savings Bank
First Central State Bank
First Century Bank, N.A.
First Choice Bank
First Choice Financial Corp.
First Choice Funding Group Ltd.
First Choice Funding, Inc.
First Choice Lending Group, LP
First Choice Mortgage
First Choice Mortgage Services Inc.
First Citizens Bank & Trust Co.
First Citizens Bank and Trust Company Inc
First Citizens National Bank
First City Bank of Florida
First City Mortgage, Inc.
First Coast Lending Inc
First Coastal Mortgage LLC dba HH Mortgage
First Collateral Services, Inc.
First Collinsville Bank
First Colony Mortgage Corporation
First Colorado Trust LLC
First Commercial Bank
First Commercial Bank of Florida, Inc.
First Commonwealth Mortgage Corp
First Community Bank
First Community Bank (MO)
First Community Bank of Crawford County
First Community Credit Union
First Community Credit Union of Houston
First Community Mortgage
First Community Mortgage
First Community Mortgage a Division of First Community Bank
First Community Mortgage Inc.
First Consolidated Mortgage Company
First Continental Mortgage and Investment Corp.
First Continental Mortgage, Ltd.
First County Bank
First Covenent Financial Group, LLC
First Credit Union
First Dakota National Bank
First Eastern Mortgage Corporation
First Educators Credit Union
First Equity Financial Corp. dba First Equity Home Loans
First Equity Financial LLC dba First Equity Financial
First Equity Lending, Inc.
First Equity Mortgage Bankers, Inc.
First Equity Mortgage Inc.
First Equity Mortgage Services, Inc.
First Equity Mortgage, Inc. (AL)
First Family Mortgage, Inc.
First Fed Mortgage, Inc
First Federal Bank
First Federal Bank of California
First Federal Bank of the Midwest
First Federal Bank, FSB
First Federal of Charleston
First Federal Savings and Loan Association of Newark
First Federal Savings Bank
First Federal Savings Bank (IN)
First Federal Savings Bank of Twin Falls
First Federal Savings Bank- TN
First Fidelity Bank, NA
First Fidelity Financial, Inc.
First Financial Bank NA
First Financial Bank, NA
First Financial Bank.
First Financial Company
First Financial Equities, Inc.
First Financial Home Mortgage Corp
First Financial Mortgage
First Financial Mortgage Corp
First Financial Mortgage Corp (KY)
First Financial Services Inc (MI)
First Financial Services, Inc.
First Financial Solutions LLC
First Financial Trust Mortgage, LLC
First FL Lending of Tampa Bay, Inc.
First Florida Bank
First Florida Home Loans
First Florida Lending Corporation
First Florida Mortgage Network, Inc.
First Franklin Financial Corporation
First Funding Financial Services, Inc.
First Funding Group, LLC
First Greensboro Home Equity, Inc.
First Guaranty Financial Corporation
First Guaranty Mortgage Corporation
First Hallmark Mortgage Corp
First Harrison Bank
First Hawaiian Bank
First Home Financial Services, Inc
First Home Mortgage Corporation
First Home Savings Bank
First Hope Bank
First Horizon Home Loans, a div. of FTB
First Houston Mortgage Ltd
First Illinois Mortgage Inc.
First Independent National Bank
First Integrity Mortgage Services, Inc.
First International Bank and Trust
First Internet Bank of Indiana
First Interstate Bank
First Interstate Financial
First Jersey Mortgage Services Inc.
First Liberty Financial Group LLC dba First Liberty Fin Mtg
First Liberty Mortgage LLC
First Lincoln Loan Services, LLC
First Lincoln Mortgage Corp.
First Madison Loan Services LLC
First Madison Mortgage Corp
First Magnus Financial Corporation
First Maine Mortgage LLC
First Mark Mortgage Company, Inc
First Merchants Corporation
First Michigan Bank
First Mid-Illinois Bank & Trust N.A.
First Minnesota Bank
First Missouri National Bank
First Mortgage Banc Corporation
First Mortgage Company, L.L.C.
First Mortgage Corp.
First Mortgage Corporation of South Carolina
First Mortgage Group, Inc.
First Mortgage of Indiana, Inc.
First Mutual Bank
First Mutual Corp
First Mutual Mortgage Corporation
First Mutual Mortgage, Inc.
First National Bank
First National Bank Alaska
First National Bank Crossett
First National Bank Fox Valley
First National Bank Garden City
First National Bank In Alamogordo
First National Bank of America
First National Bank of Arizona (RAPP)
First National Bank of Bastrop
First National Bank of Central Florida
First National Bank of Chester Cnty through American Home Bk
First National Bank of Christiansburg
First National Bank of Durango
First National Bank of Fabens
First National Bank of Midland
First National Bank of Monahans dba Texas Hills Bank
First National Bank of Montana
First National Bank of Nassau County a/d/o CBC National Bank
First National Bank of Northern California
First National Bank of Omaha
First National Bank of Pennsylvania
First National Bank of Santa Fe
First National Bank of the South
First National Bank of Trenton
First National Bank of Wyoming
First National Bank South Dakota
First National Bank, Sallisaw
First National Home Mortgage Corp
First National Mortgage Banc Inc. dba Eagle Mortgage
First Nation’s Home Finance Corp.
First Niagara Bank
First NLC Financial Services, LLC
First Northstar Inc. dba Minnesota Mortgage Connection
First Ohio Banc & Lending
First Old Capital Inc dba Old Capital Residential Lending
First Omni Mortgage Lending
First Option Mortgage
First Pacific Mortgage Co. Inc
First Pacific, Inc.
First Palmetto Mortgage, Inc.
First Peoples Bank
First Portfolio Mortgage Corporation
First Quality Mortgage Company
First Rate Capital Corp.
First Reliance Bank
First Republic Mortgage Corporation dba
First Residential Mortgage Network, Inc.
First Residential Mortgage Services Corporation
First Roosevelt, LLC
First Savings Mortgage Corporation
First Security Bank – AR
First Security Bank of Bozeman
First Security Bank of Missoula
First Security Mortgage Company
First Security Mortgage Services, Inc.
First Security Trust Bank
First Service Mortgage
First Service Mortgage, Inc.
First Solution Lending, Inc.
First Source Mortgage, Inc.
First Southwestern Financial Services
First State Bank
First State Bank – IL
First State Bank (27364)
First State Bank (IN)
First State Bank (TX)
First State Bank and Trust Co
First State Bank Mortgage Company, LLC
First State Bank of Middlebury
First State Bank of the Florida Keys
First State Bank of Wyoming
First State Home Loan
First State Mortgage
First Suffolk Mortgage Corporation
First Switzerland Financial
First Tennessee Bank National Association
First United Bank
First United Bank and Trust Company
First United Home Loans
First United Mortgage Banking Corp.
First United Mortgage Company Inc
First United Mortgage Corporation
First West Mortgage Bankers LTD
First Western Bank & Trust
First Western Funding, LLC
First Western Mortgage Corporation
First Western Mortgage, Inc.
First Wholesale Mortgage Corporation
First Wisconsin Financial, Inc.
First World Mortgage Corporation
FirstBank Holding Company of Colorado/FirstBank of Colorado
Firstco Mortgage Corp.
FirsTier Bank Mortgage Division
Firstline Mortgage Inc.
FirstMac Corporation
Firstrust
FirsTrust Mortgage
Fischer and Fritchel Home Mortgage Co. LLC
Fiserv – Unifi Products Group
Fiserv -MortgageServ
Fiserv Solutions, Inc.
Fisher Financial Group, Inc. dba NationsChoice Mortgage
Fitzgerald Mortgage Corp.
Fitzgerald Mortgage, Inc.
Five Points Bank
Five Points Bank of Hastings
Five Star Financial, Inc.
Five Star Partnership, LLC DBA Five Star Mortgage
Flagship Financial Services, Inc.
Flagship Mortgage Banc Inc a Wholly Owned Subsidiary of Old
Flagship Mortgage Corporation
Flagstar Bank
Flaherty Funding Corporation
Flat Branch Mortgage, Inc
Flathead Bank
FlexPoint Funding Corporation
Florida Capital Bank Mortgage
Florida Citizens Bank
Florida Community Bank
Florida Parishes Bank
Floridian Financial Mortgage, LLC
Flower Bank FSB
FM Financial Services, Inc. dba Foundation Mortgage
FM Lending Services, LLC
FM Mortgage Corporation
FMWF Trust
FNT Mortgage Series 2000-1
Focus Financial & Mortgage
Forem Capital Inc.
Foresight Mortgage Corporation
Forest Park National Bank & Trust Co.
Fortes Financial, Inc.
Fortress Financial, LLC
Fortress Mortgage, Inc
Fortune Lending Corporation
Fortune One Mortgage Corporation
FORUM Credit Union dba FORUM Mortgage
Foundation Capital Group Inc.
Foundation Financial Group LLC
Foundation Financial Services, Inc.
Foundation Mortgage
Foundation Mortgage Company Inc.
Foundation Mortgage Corporation
Founders Bank
Founders Bank & Trust
Fountain Grove Mortgage
Fowlaw Enterprises, Inc. dba Oakridge Financial Services
Fox Funding, Inc.
Fox Mortgage, Inc
Franek Home Loans dba East Coast Lending
Frank, Weinberg & Black, P.L.
Franklin American Mortgage
Franklin Credit Management Corporation
Franklin First Financial Ltd dba Franklin First Mtg Bankers
Franklin Loan Center
Franklin Mortgage Company
Franklin Savings and Loan Company
Freedom Bank
Freedom Choice Mortgage LLC
Freedom Financial Mortgage Corporation
Freedom Financial Solutions, Inc.
Freedom First Federal Credit Union
Freedom Lending, LLC
Freedom Mortgage Corporation
Freedom Mortgage Corporation – NJ
Freeland, Rogers, LLC DBA Foundation Mortgage Group
Freeman Webb Mortgage Corporation
Freestand Financial Holding Corp
Freestone Enterprises, Inc. dba Freedom American Mortgage
Frels Enterprises, Inc dba Mortgage Associates of Texas
Fremont Bank
Fremont Reorganizing Corp f/k/a Fremont Investment & Loan
Friendswood Financial, LTD
FRMC Financial Inc. dba First Republic Mortgage Corporation
Frontier 2000 Mortgage & Loan, Inc.
Frontier Bank FSB dba El Paseo Bank
Frontier Bank, National Association
Frontier Financial Inc. dba Frontier Mortgage
Frontier Investment Co., dba Rainland Mortgage Company
Frontier Lending Company, LLC
Frontier National Bank
FTN Financial Warehouse Lending
FUCM Private Investor – 1000010455 (NON MEMBER)
FUCM Private Investor – 1000110455 (NON MEMBER)
FUCM Private Investor – 1000210455 (NON MEMBER)
FUCM Private Investor – 1000310455 (NON MEMBER)
Full House Mortgage, Inc.
Fulton Bank dba Fulton Mortgage Company
Funding Resources Mortgage Corp.
Funding Solutions Inc
Fusion Home Loans, LLC
G Squared Financial LLC
Gabriel Mortgage, LLC
Garden City Bank
Garden City State Bank
Gardner Financial Services LTD dba Gardner Financial Service
Gateway Bank Mortgage, Inc.
Gateway Bank, F.S.B.
Gateway Business Bank dba Mission Hills Mortgage Bankers
Gateway Capital Mortgage Corp
Gateway Financial Corporation
Gateway Financial Services, Inc.
Gateway Funding Diversified Mortgage Services LP
Gateway Mortgage Group
Gateway Residential Funding
GB Home Equity LLC A Wisconsin Limited Liability Company
GBC Funding
GCM Mortgage Inc.
GCS Federal Credit Union
GD LLC dba GLF Funding dba Guaranty Lenders Funding
GD Mortgage Inc
GE HF Holdings, Inc.
GE Money Bank
Gecko Mortgage Incorporated
Gemini Bancorp, Limited
GenEquity Mortgage, Inc.
General Mills Federal Credit Union
General Mortgage Company
General Mortgage Corporation of America
General Mortgage Finance Corp
Genesee Regional Bank
Genesis Mortgage Corporation
Geneva Mortgage Corp
Geneva Mortgage Services LLC
Geneva State Bank
Genisys Financial Corp.
GEO Financial, Inc dba Blue Water Mortgage Co
GEO Mortgage Services Inc
GEO-Corp, Inc. dba Interstate Bancorp
George Mason Mortgage Corporation
Georgetown Mortgage Inc dba Home Source Mortgage
Georgetown Mortgage, Inc.
Georgia Bank and Trust
Georgia Banking Company dba GBC Funding
Georgia Banking Company dba National Mortgage Alliance
Georgia Home Mortgage Network Inc.
Gerber Federal Credit Union
German American Bancorp
Gershman Investments Corp.
Gesa Credit Union
GF Mortgage Inc. dba Greystone Financial
GFI Mortgage Bankers Inc
GHS Mortgage dba Windsor Mortgage
Gilpin Financial Services, Inc.
GL Financial Services, LLC
Glacier Bancorp, Inc.
Glacier Bank
Glendive BN FCU
Glenn Computer Corporation
Glenwood Financial, LLC
Global Advisory Group dba Mortgage Lending Group
Global Credit Union
Global Equity Lending Inc.
Global Financial Services
Global Funding Solutions, LLC
Global Home Loans and Finance
Global Lending Inc.
Global Lending Solutions, LLC
Global Lending, LLC
Globe Mortgage America LLC
GMAC Bank
GMAC Bank – Document Custody Services
GMAC Bank (1)
GMAC BANK (TRUSTEE 01)
GMAC BANK ASSET MANAGEMENT CO
GMAC Mortgage, LLC
GMC Lending Services Inc.
GMFS, LLC
GMI Home Loans, LLC dba GMI Funding
GMS Funding L.L.C.
GNL Inc., dba Freedom Mortgage & Loan
Go Blue, Inc. dba The Mortgage Group
Goal Mortgage Funding, Inc.
Gold Bank
Gold Mortgage Banc Inc.
Gold Star Mortgage Financial Group Corporation
Golden Empire Mortgage, Inc.
Golden Equity Mortgage Corp.
Golden First Mortgage Corp
Golden Rule Mortgages, Inc.
Golden West Funding, Inc.
Goldenwest Credit Union
Goldman Sachs Bank USA
Goldman Sachs Mortgage Company
Golf Savings Bank
Gordon Lending Corporation
Gorman & Gorman Residential Mtg. Svs., Inc.
Gotham Mortage Corporation
Govell Funding Group LLCdba CT Home Loans
Government National Mortgage Association
Grabill Bank
Grace America Mortgage LTD
Grace Funding Inc.
Grand Bank, NA
Grand Rivers Community Bank
Grand Valley National Bank
Grande Homes, Inc. dba GHI Mortgage
Granite Mortgage & Construction Finance Inc
Granite Mortgage Corp
Graystone Funding Company LLC dba Graystone Mortgage LLC
Graystone Mortgage LLC
Graystone Solutions, Inc.
Great Country Mortgage Bankers, Corp.
Great Eastern Mortgage & Investment Inc
Great Florida Bank
Great Horizons, Inc. dba Great American Mortgage
Great Lakes Bank, NA
Great Lakes Mortgage & Inv Inc.
Great Lakes Mortgage Brokers LLC
Great Northern Bank
Great Northern Financial Corporation
Great Northern Financial Group, Inc.
Great River Federal Credit Union
Great Southern Bank
Great Western #1 Inc.
Great Western Bank
Great Western Financial Group
Great Western Financial Services, Inc
Great Western Home Loans
Greater Acceptance Mortgage Corporation
Greater Atlanta Mortgage Co.
Greater Atlantic Mortgage Corporation
Greater Financial Mortgage Corp
Greater Iowa Credit Union
Greater Midwest Mortgage Corp
Greater Nevada Mortgage Services
Greater Northwest Mortgage Inc.
Greater Potomac Mortgage Company
Greater United Home Funding, Inc.
GreatHouse Mortgage, Inc
Green Bay Mortgage Headquarters, LLC DBA Green Bay Mortgage
Green Planet Mortgage, LLC
Green Planet Servicing LLC
Green Tree Servicing LLC
Greenback Funding Inc.
GreenBank
Greenco Financial Mortgage Bankers
Greenfield Co-Operative Bank
Greenfield Mortgage Corporation
Greenlight Financial Services
Greenpark Mortgage Corporation
GreenPoint Mortgage Funding Inc.
Greentree Mortgage Company, L.P.
Greenwich Capital Financial Products, Inc
Greenwich Investors XXVI, LLC
Greenwood Properties LLC
Greg Bissmeyer dba GB Mortgage
Gregg & Valby Mortgage Services
Greystone Bank (R)
Greystone Financial Group
Griffin Lending LLC #84861
Grimaldi Capital Funding, Inc.
Group One Mortgage Corporation
Group One Mortgage Inc.
Grovebay Financial, Inc
Groves Funding Corporation
GSB Mortgage Inc.
GSC Capital Corp
GSF Mortgage Corporation
GTKY Credit Union Inc
Guaranteed Home Mortgage Company, Inc.
Guaranteed Mortgage Brokers Inc
Guaranteed Rate, Inc
Guaranty Bank (MO)
Guaranty Bank (Texas)
Guaranty Bank, FSB
Guaranty Federal Financial Corp.
Guaranty Trust Company
GuardHill Financial Corp.
Guardian Financial Network Inc.
Guardian Mortgage, Inc.
Guardian Nationwide Mortgage Inc.
Guidance Mortgage Group, LLC
Guidance Mortgage LLC
Guild Mortgage Company
Gulf Atlantic Funding Group, Inc.
Gulf Coast Bank & Trust Co. Non Mortgage
Gulf Coast Bank and Trust Company
Gulf Coast Community Bank
Gulf Coast Mortgage Inc
Gulf Coast Principle, LLC
Gulf States Mortgage
Gulfstream Business Bank
Gum Tree Mortgage, LLC
GVC Mortgage Inc dba Preferred Capital
H & R Block Mortgage
H&H Financial Group LLC dba Life Mortgage Group
H&R Block Bank
H.M.M. Enterprises, Inc.
Habersham Bank
Habitat Mortgage Company Inc
Hallmark Home Mortgage
Hallmark Mortgage Services, Inc.
Hamilton Federal Bank
Hamilton Group Funding Inc.
Hamilton Mortgage Corporation
Hamilton National Mortgage Company
Hammer Mortgage, Inc.
Hammond Securities Co., LLC
Hancock Bank
Hanover Mortgage Company
Happy State Bank
Harbor Financial Mortgage Corporation
Harbourton Mortgage Investment Corporation
Hargrow & Associates Inc dba MH&A Financial Service
Harris Nesbitt Corp. (As Agent for Fairway Finance Co., LLC.
Harry Mortgage Company
Hart West Financial
Hartford Financial Services Inc.
Hartland Mortgage Centers Inc
Harvest Financial.Net, Inc DBA Harvest Financial
Hawthorn Bank
Hawthorne Capital Corp
Hawthorne Credit Union
Hayhurst Mortgage, Inc.
HBC Investment Group, Inc. dba All-American Mortgage
HCI Mortgage
HCL Finance, Inc.
Hearthside Lending Corp.
Heartland Bank
Heartland Bank.
Heartland Community Bank
Heartland Credit Union
Heartland Funding Corp
Heartland Home Finance Inc
Heartland Mortgage Company
Heartland Mortgage Company LC
Heartland National Bank
Heartwell Mortgage Corporation
Hedlund Mortgage LLC
Hela Corporation dba Integra Pacific Mortgage
Helpbringer Mortgage Services, Inc.
Hemant Shah dba NJ Mortgage Services
Hemisphere National Bank, Mortgage Division
HengerRast Mortgage Corporation
Heritage Financial Group, LLC
Heritage Mortgage & Loan, Inc
Heritage Mortgage Services, LLC
Heritage Oaks Bank
Heritage Plaza Mortgage, Inc.
Heritage Savings Bank
Herman-Morrie Enterprises Inc. dba Hawaii’s Premiere Mtg. Co
Hernandez Services Inc.
HF Financial Corp
HFC – Beneficial
HFN – Consumer Orig.
HIgh Point Mortgage Corp
High Tech Lending
Highland Banc, Inc
Highland Federal Savings & Loan
Highland Financial Co., LLC.
Highmark Federal Credit Union
Hillcrest Bank
Hills Bank and Trust Company
Hilton Head Mortgage, LLC
Hilton Mortgage Corporation II
Hinds Mortgage Inc
HL Mortgage, LLC
HMC – Home Mortgage Consultants, Inc.
HMC Funding Inc.
HNB Mortgage
Hogar Mortgage
Home 123/New Century
Home Bank SB
Home Capital Funding
Home Capital, Inc.
Home City Federal Savings Bank of Springfield
Home Equity Solutons LTD
Home Express
Home Fed Realty Corp
Home Federal Bank ID
Home Federal Savings and Loan
Home Federal Savings Bank
Home Finance of America
Home Finance.com Inc.
Home Financial, Inc.
Home Financing Center Inc.
Home Financing Unlimited, Inc.
Home Funding Corporation
Home Funding Finders, Inc.
Home Loan Center dba Lending Tree Loans
Home Loan Consultants
Home Loan Consultants Inc
Home Loan Corporation
Home Loan Funding Inc
Home Loan Mortgage Company
Home Loan Mortgage Corporation
Home Loan Network
Home Loan Professionals, LLC dba Home Loan Professionals
Home Loan Services, Inc.
Home Loan Specialists Inc.
Home Loans USA Inc. (Orange)
Home Mortgage Associates, Inc.
Home Mortgage Corporation
Home Mortgage Desk Corp.
Home Mortgage Finance Group Corp
Home Mortgage Inc.
Home Mortgage Lending, LLC
Home Mortgage Resources Inc
Home Mortgage Solutions, Inc.
Home Mortgage, Inc.
Home N Mortgage, Inc.
Home National Bank N.A.
Home Savings & Loan Co. of Youngstown, Ohio
Home Savings & Trust Mortgage
Home Savings bank
Home Savings Mortgage
HOME SAVINGS OF AMERICA
Home Service Associates, Inc.
Home South Mortgage Corporation
Home State Bank & Trust Co
Home State Mortgage Group
Home Team Equity, LLC
Home Town Mortgage Inc
Home USA Mortgage, Inc.
Home Vest LLC
HomeAmerican Mortgage Corporation
HomeBanc N.A.
Homebound Mortgage, Inc.
Homebuyers Financial LLC
Homebuyer’s Resource Group, LLC
HomeComings Financial, LLC
HomeComings Wholesale Funding
Homefield Financial Inc.
HomeFirst Mortgage LLC
HomeFirst Mortgage Services LLC
Homefront Mortgage Group LLC
Homeland Capital, LLC
Homeland Mortgage LLC
Homeline Mortgage Corp
Homelink Mortgage Inc
HomeLoan USA Corporation
HomeLoan.com, Inc.
HomeLoanAdvisors.com
Homeowners Financial Group USA, LLC.
Homeowners Financial Services, Inc.
Homeowners Friend Mortgage Company, Inc.
Homeowners Mortgage Enterprises, Inc.
HomeOwners Mortgage of America, Inc.
Homeplaceloans.com, Inc.
HomePoint Mortgage Group LLC
HomePromise Corporation
HomEq Servicing
Homequest Capital Funding LLC
Homeservices Financial, LLC
Homeservices Lending, LLC Series A (CA)
Homeservices Lending, LLC Series A DBA Mortgage South
Homesource Funding Group
Homesource Lending Inc.
Homespring Financial LLC
Homespun Mortgage Corporation
HomeStar Financial Corporation
Homestar Lending Corporation
Homestar Mortgage Services (Vendor)
Homestar Mortgage, Inc.
HomeStart Mortgage Corporation
Homestead Financial Services, Inc.
Homestead Funding Corp
Homestead Mortgage Company LLC dba Homesite Mortgage
Homestead Mortgage Corporation
Homestead Mortgage Inc.
Homestead-USA, Inc.
HomeStreet Bank
HomeTech Mortgage Corporation
Hometown America Incorporated
Hometown Bank of Corbin
Hometown Equity Mortgage of St. Louis, Inc.
HomeTown Financial Group, Inc.
HomeTown Lenders LLC
Hometown Lending
HomeTown Mortgage Services, Inc.
Hometown Security Mortgage Inc
Hometowne Lending L.L.C.
HomeTrust Bank
Hometrust Mortgage Company
HomeTrust Mortgage Inc.
Hometrust Mortgage Services LLC
HomeValue Mortgage, Inc.
Homevest Mortgage Corporation
Homeview Lending
Homewide Lending Corp.
Homewise Inc.
Honda Federal Credit Union
Honesdale National Bank
Honor State Bank
Hopewell Federal Credit Union
Horizon Bank
Horizon Bank (MN)
Horizon Bank, Mortgage Warehousing Division
Horizon Bank, N.A.
Horizon Direct, Inc. dba Commitment Lending
Horizon Financial Group, Inc.
Horizon Mortgage Corp. DBA Americhoice Residential Funding
Horizon National Bank
Horizon National Lending
Housing & Neighborhood Development Services, Inc. dba HANDS
Housing Opportunity Comm. – Non-Member Investor
Housing Solutions, Inc.
Houston Prime Mortgage, LLC
Houstonian Mortgage Group, Inc. DBA Westin Mortgage Group
HoustonMortgage.com
Howard Bank
Howard Hanna Financial Services, Inc.
Howard Hanna Mortgage Services
HSBC Bank USA
HSBC Bank USA as Trustee
HSBC Bank USA, NA – Non-Affiliate
HSBC Bank USA, National Association
HSBC Mortgage Corporation, USA
HSBC Mortgage Services
HSBC Mortgage Services Warehouse Lending Inc
HTFC Corporation DBA HTFC Mortgage Bankers, Miracle Funding
Hudson City Savings Bank
Humbert Mortgage
Humphries Mortgage Inc.
Hunt Mortgage
Hunter Financial Group LLC
Huntingdon Valley Bank
Huntington Community Mortgage Bankers
Huron Valley Financial Inc
Hyde Park Bank
Hyperion Capital Group LLC
Hyperion Capital Group, LLC
IAA Credit Union
iApprove Lending
Iberia Mortgage Corp.
IBEX Networks, Inc.
Idaho Banking Company
Idaho First Bank
Idaho Independent Bank
Ideal Home Loans, Inc
Ideal Mortgage Specialists, Inc
Identico Inc. dba Constantine Mortgage Services
IDS, Inc
IFG Mortgage Services, Inc.
iFreedom Direct Corporation
Ikon Mortgage Lenders, Inc.
Illinois Mortgage Funding Corporation
Iltis Lending Group Inc.
Imath Inc dba 21st Century Mortgage
IMC Funding Group, Inc.
imortgage.com Inc.
Impac Funding Corporation
Impac Mortgage Acceptance Corporation dba Impac Funding Corp
Impac Warehouse Lending Group
Impact Mortgage Group, Inc.
Imperial Lending LLC
IMS Mortgage Services
Independence Community Bank
Independence Financial Corporation
Independent Capital Group, Inc
Independent Financial Mortgage, Inc
Independent Mortgage
Independent Realty Capital Corp.
Indiana Members Credit Union
Indianapolis Neighborhood Housing Partnership
Indigo Fincancial Group, Inc
IndyMac Federal Bank FSB
I-Net Mortgage Corp
Infinite Financial Corporation dba Metropolitan Home Mtg
Infinite Mortgage Services, LLC
Infinity Financial Corp
Infinity Financial Network LLC
Infinity Funding Corp.
Infinity Group Services
Infinity Home Mortgage Company Inc.
Infinity Information Solutions LLC, wos of First American RE
Infinity Mortgage Co. Inc
Infinity Mortgage Corporation
Infinity Mortgage Corporation.
Information Engineering Services, Inc.
Ingle & Associates Mortgage Services, Inc dba Ingle Mortgage
Ingomar Limited Partnership
Inland Northwest Bank
Innergy Lending LLC
Innovative Financial Services, Inc.
Innovative Mortgage Capital, LLC
Innovative Mortgage Concepts LLC
Innovative Mortgage Solutions LLC
Innovative Property Services, Inc.
Insight Bank
Insight Financial Corporation
InSource Financial Services LLC
InSouth Funding Inc
InstaFi.com
Instant Capital Funding Group, Inc.
Integrated Financial Group, Inc.
Integrated Lending, Inc.
Integrated Mortgage Corporation
Integrated Mortgage Services Inc.
Integrated Mortgage Strategies Ltd.
Integrity Bancorp
Integrity Financial LLC
Integrity Financial Services of Tampa Bay Inc.
Integrity Financial Services, Inc.
Integrity First Financial, Inc.
Integrity First Home Loans Inc
Integrity Home Loan of Central Florida Inc
Integrity Home Mortgage Corporation
Integrity Lending LLC
Integrity Mortgage & Financial Incorporated
Integrity Mortgage LLC
Integrus Mortgage LLC
Intelli Mortgage Services, Inc.
Inter Mountain Mortgage
Inter National Bank
Inter Savings Bank, FSB
InterBay Funding, LLC
InterContinental Capital Group, Inc.
Intercontinental Mortgage Partners of Texas, LP
Interlinc Mortgage, Inc.
Intermountain Industries, Inc. dba Major Mortgage USA
Intermountain Mortgage Company Inc
International Bank of Commerce
International Bankers Financial Group
International Home Capital Corporation
International Lending Solutions, Inc.
International Mortgage Corporation
Interra Credit Union
Interstate Home Loan Center Ind dba myequityloan.com
Interthinx, Inc
Intertrust Mortgage LLC
Intervale Mortgage Company, Inc.
InTouch Mortgage Inc.
Intracoastal Mortgage Co. LLC
Intrust Mortgage, Inc.
Investaid Corporation
Investors Mortgage Asset Recovery Company, LLC dba IMARC
Investors Mortgage Company, Inc.
Investors Trust Mortgage & Investment Co. Inc.
Iowa Bankers Mortgage Corporation
Iowa Mortgage Professionals, In.c
iQ Credit Union
Ireland Bank
Ires Co.
IronStone Bank
Irwin Home Equity
Irwin Mortgage Corporation
Irwin Union Bank and Trust
iServe Servicing Inc.
ISGN
Island Community Mortgage Services LLC dba Island Mortgage
Ivanhoe Financial, Inc.
iWayloan LP
IZT Mortgage Inc. dba Ameritech Mortgage
J and E Mortgage Services LLC
J&M Mortgage Brokers, LTD dba Mortgages USA
J&R Lending Inc.., dba First Security Lending
J&S Holdings of Greenville Inc. dba First United Mortgage
J. Allston Mortgage LLC
J. Friedman Inc dba J. Friedman Mortgage & JRA Mortgage
J. Philips Mortgage Inc.
J. Powder Mortgage, Ltd.
J. Virgil, Inc. dba The Lending Factory
J.D. Martinez Investments, Inc. DBA AllBay Mortgage Services
J.S. Shirk & Associates, Inc. dba Florida Community Mortgage
J.S. Smith Mortgage, LLC
Jabez Financial Services, LLC
JAC Financial Inc. dba Plaza Loan Services
Jam Consultants
Jamsab Realty Corp
Jason B. Jones dba Halo Capital
Jayco Capital Group dba Loan Solutions
JBJ, LLC dba Precision Mortgage
JC Reed Mortgage LLC
JCJ Mortgage Ventures, L.P.
JDB Mortgage Corp.
JDH Capital, LLC
JDJ Financial Group Inc.
Jefferson Bank
Jefferson Bank & Trust co.
Jefferson Mortgage Services, Inc
Jennifer Farley dba South River Mortgage
Jersey Mortgage Company
JFK Financial Inc. dba Equity Direct Funding
JJAM Corporation
JJM Investments, Inc.
JKS Mortgage, LLC
JLB Corporation dba Golden Oak Lending
JMAC Lending, Inc.
JMJ Financial Group dba The Coastal Lending Group
JMJ Mortgage Capital, LLC
Joe Klein Enterprises LTD d/b/a The Mortgage Store
John Adams Mortgage
John H.D. Goemans, Inc. dba The Mountain Mortgage Centers
Johnson Mortgage Company, LLC
Jonah Bank of Wyoming
Jones Mortgage Group
Jordon Financial Group, LLC
JP Morgan Chase Bank
JP Morgan Chase Bank as Trustee
JP Morgan Chase Bank NA
JP Morgan Chase Bank, N.A. – Warehouse Lending
JP Morgan Chase Bank, N.A. – Warehouse Lending Vendor
JPMorgan Chase Document Custodian
JT, Inc dba Nortex Mortgage
JTM Financial Services, Inc.
Judith O. Smith Mortgage Group, Inc.
Just Mortgage, Inc.
Just Write Funding LP dba CU JWF Associates, Inc.
JZ Mortgage Inc. dba Equity Funding Co.
K & G Capital Mortgage LP
K Bank
K Hovnanian American Mortgage LLC
K&B Capital Corp
K&G Financial, LLC
K.P. Riley Mortgage Corporation
Kaiser & Associates Mortgage Services, Inc
Kaiser Federal Bank
Kansas City Mortgage Group LLC
Kastle Mortgage Corporation
Kaw Valley Home Loans, Inc.
Kay-Co Investments, Inc. dba Pro30 Funding
Kaye Financial Corporation
KCB Bank
KE Enterprises LLC
Kellner Mortgage Investments I, LTD
Kelly Stephens Mortgage Inc. dba KS Mortgage Inc.
Kelstar Financial Services LLC
Kemp Mortgage LLC
Kenilworth Financial Inc.
Kennedy Mortgage Corp
Kenney Bank and Trust dba America’s Home Loan
Kentucky Housing Corporation
Kentucky Neighborhood Bank, Inc.
Kentucky Telco Federal Credit Union
Key Financial Corporation
Key Mortgage Company, Inc.
Key Mortgage Lenders, L.L.C.
Key Mortgage Link, Inc.
Key Mortgage Services
Key Mortgage Services Inc dba Baird & Warner Financial Serv.
Keynote Equity Group, LLC
KeyPoint Credit Union
KeySource Commercial Bank
Keystone Home Mortgage, LLC
Keystone Mortgage
Keystone Mortgage Company, Inc.
KH Financial, LP
Kiertec Inc. dba US Mortgage Source
Kinetic Mortgage Group
King Financial Group, Inc.
Kings Mortgage Services, Inc.
Kingswood Mortgage Inc.
Kirkland Investors LLC
Kirkwood Bank & Trust Co.
Kirkwood Financial Corporation
Kirsten Estes dba Mountain Home Lending
Kitsap Credit Union
KleinBank, dba KleinMortgage
KLW, Inc dba Northside Mortgage
Knightbridge Mortgage Bankers
Kohler Credit Union
Kondaur Capital Corporation
Kroboth & Helm Mortgage Company, Inc.
KSC Investment Group, LLC
Kubrick Financial
L & G Mortgagebanc Inc
LA Financial Federal Credit Union
La Rue Residential Lenders LLC
Lafayette Bank & Trust Company
Lafayette Community Bank
Lake Area Mortgage, A Division of Lake Area Bank
Lake Community Bank
Lake Creek Financial LLC
Lake Dillon Mortgage Services, Inc.
Lake Michigan Credit Union
Lake Mortgage Company, Inc.
Lake Mortgage Group, LLC dba Lake Mortgage
Lake State Federal Credit Union
Lakeland Mortgage Corporation
Lakes Area Mortgage, LLC
Lakeshore Mortgage Group Inc.
Lakeside Bank
Lakeside Lending LTD
Lakeside Mortgage Company
Lakeview Bank
Lakeview Mortgage, Inc.
Lancaster Mortgage Bankers LLC
Land Home Financial Services, Inc.
Landmark Mortgage & Associates Inc
Landmark Mortgage Corporation
Landmark Mortgage Lending
Landmark Mortgage LLC
Landmark Mortgage of Tampa Bay, Inc.
Landover Mortgage, LLC
Langdon Motrgage Company, Inc.
Laraby Financial Group Inc.
LaSalle Bank NA Trustee for BancOne Series 2000-2
LaSalle Bank NA, Trustee for BancOne Series 2000-1
Lawrence Bank
Lawrence Residential Funding Corp.
Lawrence Winslow dba All Texas Mortgage
Layton State Bank
LBA Financial Group
Leader Bank, N.A.
Leader Financial Services, a div of American National Bank
Leader Mortgage Company, Inc.
Leader Mortgage Corp
LeaderOne Financial Corporation
Leahy & Walker Financial Services
Leavitt Inc.
Lee Financial Corporation
Legacy Bank
Legacy Financial Corporation
Legacy Funding Corp.
Legacy Group Lending, Inc.
Legacy Lending, Inc.
Legacy Mortgage Group LLC
Legacy Mortgage Inc.
Legacy Texas Mortgage, LP
Legend Lending Corporation
Legendary Home Loans, Inc.
Lehman Brothers Bank
Lehman Brothers Holdings Inc.
Lehman Commercial Paper, Inc.
Lehman/FNMA Non-Laser
Leitchfield Deposit Bank and Trust Company
Lend America
Lend America, Inc.
Lend Smart Mortgage LLC
LendAmerica Home Loans, Inc.
Lender Ltd.
Lender Processing Services, Inc. (aka LPS)
LENDERLIVE, INC.
Lenders Association, Inc.
Lenders Depot Inc.
Lenders Direct Capital Corporation
Lenders Rate Approval.com, Corp.
Lendia, Inc.
Lending 1st Mortgage, LLC
Lending Bankers Mortgage LLC
Lending Capital Group, LLC
Lending Solutions Inc. dba LSI Mortgage Plus
Lending Street, L.L.C.
LendingSpace, Inc.
Lend-Mor Mortgage Bankers Corp
Lendmor, LLC
LendSource, Inc.
LendSouth Mortgage, Inc.
Lenox Financial Mortgage Corporation
Level One Bank
Lewis Hunt Enterprises dba Interactive Financial Corporation
Lexim Mortgage
Lexingtonton Capital Corp dba Lexington Mortgage
LFM Group Inc. DBA LIRA Financial Mortgage
LG & MG Corporation dba Precise Mortgage Lending
LHI Mortgage
LHM Financial dba CNN Mortgage Inc.
Libertad Bank SSB
Liberty 2000 Enterprises, Inc.
Liberty Alliance Federal Credit Union
Liberty Bank
Liberty Bank and Trust Company
Liberty Bank of Arkansas
Liberty Federal Mortgage LLC, dba First United Inc LLC
Liberty First Credit Union
Liberty Home Lending, Inc.
Liberty Home Loan Corporation
Liberty Home Loans
Liberty Mortgage Corp.
Liberty Mortgage Corporation
Liberty Mortgage Corporation dba Liberty Home Mortgage
Liberty Mortgage Funding Inc.
Liberty Mortgage Group, LLC
Liberty Mortgage Services, LLC
Liberty Mortgage, Inc.
Liberty Savings Bank FSB
Liberty Savings Bank, F.S.B.
Liberty State Finance, LLC
LibertyQuest Financial Inc dba LibertyQuest
Lifeline Christian Mortgage Inc
Lifestyle Mortgage Holdings, Inc.
Lifestyle Mortgage II, LLC
Lifetime Financial Partners Inc.
Lifetime Financial Services LP dba Town and Country Mortgage
Lifeway Lending Group Inc.
Lighthouse Mortgage Company, Ltd.
Lighthouse Mortgage Service Co Inc.
Lighthouse Mortgage USA, Inc.
Lime Financial Services, LTD.
Limes Financial Funding, LTD
Linc Capital LLC
Linco Capital LLC dba Kirkwood Mortgage
Lincoln Bank
Lincoln Capital Advisors, LLC
Lincoln County Credit Union
Lincoln Federal Savings Bank
Lincoln Mortgage Co.
Lincoln Mortgage Corporation
Lincoln Park Savings Bank
Lincolnway Community Bank
Lindstrom Financial Group, Inc.
Link One Mortgage Bankers LLC
Linn Area Credit Union
Liquid Financial Group Inc
Litton Loan Servicing LP
LJL Mortgage Pool, LLC
LJL SECURED HIGH YIELD INCOME FUND I, LLC
Lo, Inc. dba Reliance Mortgage Inc.
Loan Across America dba Loan America, Inc.
Loan America Home Mortgage Inc.
Loan Center of California, Inc.
Loan Correspondents, Inc. dba Capital Funding Group
Loan Lines, Inc.
Loan Link Financial Services
Loan Management Services, Inc.
Loan Network, LLC
Loan Resource Center, Inc. DBA Optima Home Mortgage
Loan Services, Inc.
Loan Servicing Solutions, LLC
LoanCare Servicing Center, Inc
LoanCity
Loancorp Financial Inc.
Loanfinders of SC., Inc.
Loangistics Mortgage Solutions, LLC
LoanPlex Mortgage
LoanStar Mtg, LLC dba LoanStar Mortgage
Logan Finance Corporation
Lombard Financial Corp., LLC
Lone Star Mortgage of DFW
Lord and Silva, LLC
Lovell, Hubbard & Associates, Inc. dba LHA Mortgage Services
LownHome Financial Holdings LLC
LP Direct LLC
LPS Field Services, Inc.
Lubbock Housing Finance Corporation
Lubbock National Bank Mortgage
Lucey Mortgage Corp.
Lumina Mortgage Company
Luminent Mortgage Capital Inc.
Lundin & Associates Inc.
Luxury Mortgage Corp.
Lydian Data Services, LLC
Lydian Private Bank
Lydian Technology Group
Lyndsey Home Mortgage Express, Inc.
Lynx Mortgage Bank, LLC
Lyons Enterprises dba LEI Financial
Lyons Mortgage Services, Inc.
M & T Bank
M&I Bank
M&I Bank FSB
M&I Mortgage
M.I.F. Services Inc.
M.Point Mortgage Services, LLC
M/I Financial Corp.
Mac and Waters Mortgage Group Inc.
Macarthur & Baker International Inc d/b/a MBI Mortgage Fndg
Macatawa Bank
Mac-Clair Mortgage Corporation
Mackinac Savings Bank
Macon Mortgage, Inc.
Madera Financial, Inc.
Madison Financial LLC
Madison Home Equities, Inc.
Madison Mortgage Corporation
Magellan Harbor Lending, LLC
Magellan Mortgage Corp
MagnetBank
Magnolia Mortgage Company LLC
Magnolia Mortgage Inc.
MAI Mortgage Inc.
MAIA Mortgage Finance Statutory Trust
Main Stream Financial, Inc.
Main Street Financial Group, Inc.
Main Street Financial, Inc.
Maine Home Mortgage Corp.
Mainland Mortgage Corp
Mainline Mortgage Corporation
Mainsource Bank
Mainstreet Mortgage, Inc.
Maitland Mortgage Lending Company
Majestic Home Mortgage Corp.
Majestic Mortgage Services, Inc.
Majesty Mortgage, Inc.
Major Mortgage
Mak Mortgage Consultants Inc
Malcap Mortgage LLC
Mandalay Mortgage LLC
Mandalay Mortgage LLC(CA) dba Capital Six Funding
Manhattan Financial Group, Inc.
Manhattan Mortgage Corporation
Mann Financial, LLC
MAR Group LLC
Marathon Asset Investment Trust 2007-1
Marathon Asset Investment Trust 2007-2
Marathon Asset Management
Marathon Mortgage
Marathon REO Management LLC
Marathon Structured Asset Solutions Trust
Mardy L Dallas dba Great Western Mortgage
Maribella Mortgage, LLC
Marimark Mortgage, LLC
Mariner’s Bank
Marion State Bank
Maritime Mortgage Corp
Marix Servicing
Mark James Haselhorst dba Arbor Mortgage
Market Mortage Co., Ltd.
Market Street Mortgage Corporation
Marketline Mortgage
Marketplace Home Mortgage, LLC
Marlin Mortgage Company LLC
Marquis Financial Group
Marquis Money Inc.
Marshall BankFirst Mortgage Group
Marshland Community Federal Credit Union
Martin Funding Corp
Marty Cancila Mortgage LLC dba Capital Funding Group
Maryland Residential Lending LLC dba Nationwide Mortgage Ser
MAS Associates LLC dba Equity Mortgage Lending
Mason Dixon Funding, Inc.
Mason-McDuffie Mortgage Corporation
Massachusetts Housing Finance Agency
Massachusetts Mutual Life Insurance Company c/o Babson Cap.
Master Financial, Inc.
Matrix Financial Services Corporation
Mattamy Home Funding, LLC
Mattocks Mortgage, Inc.
Maverick Funding Corp
Maverick Residential Mortgage
Maxim Capital Inc.
Maxim Investment Group, LLC
Maxim Mortgage Corporation
Maxwell Funding Inc. dba Maxwell Funding Group
Mayer Home Mortgage Co. LLC
MBA Financial Solutions, Inc. dba Bay Wholesale Lending
MBI Mortgage, Inc.
MBJ Mortgage Services America, LTD. dba Merchants Home Loan
MBS Mortgage Comapny, LLC
MBT Credit Company, Inc.
MC Harbor Investment Co
McCabe Mortgage Group, Inc.
McCaughan Mortage Co., Inc.
McJab Inc. dba First California Funding
McLean Mortgage Corporation
MCM Companies LLC
McMillin Mortgage, Inc
MCS Mortgage Bankers, Inc.
MDKJR Inc.
Meadowbrook Mortgage Corporation
Mecco Financial, Inc.
MECE Credit Union
Meetinghouse Cooperative Bank
MEG Co., LLC
Mega capital Funding, Inc.
MegaStar Financial Corp.
Member First Mortgage LLC dba Michigan First Mortgage LLC
Member Options LLC
Members Cooperative Credit Union
Members Loan Services, Inc.
Members Mortgage
Members Mortgage Company, Inc.
Members Preferred Mtg. Services Inc.
Members1st Community Credit Union
MembersAlliance Credit Union
Menna Company dba Independent Mortgage Associates
Mennonite Financial Federal Credit Union
Mercantile Bank d/b/a Florida Wholesale Mortgage
Mercantile Bank Mortgage Company LLC
Merchants & Farmers Bank
Merchants & Southern Bank
Merchants and Manufacturers Bank
Merck Sharp and Dohme Federal Credit Union
Mercury Inc.
Meridian Lending Corporation
Meridian Lending Inc. dba All Source mortgage
Meridian Residential Capital LLC dba First Meridian Mortgage
Meridias Capital
Merit Financial Inc.
Merit Financial Services LLC
Merit Mortgage Services
Meritage Home Funding, LLC
Meritas Mortgage LLC
Meriwest Credit Union
Meriwest Mortgage Company LLC
Merrill Lynch (surf)
Merrill Lynch Bank USA
Merrill Lynch Credit Corporation
Merrill Lynch Mortgage Lending, Inc. (Subprime)
Merrimack Mortgage Company, Inc.
Merrlin Mortgage Corporation
MERS Link Subscriber
Metabank
MetAmerica Mortgage Bankers, Inc.
Metlife Bank, N.A.
MetLife Home Loans, a Division MetLife Bank, N.A.
Metro Atlanta Mortgage Company, Inc.
Metro Finance
Metro Funding Corporation
Metro Health Services FCU dba Metro First Mortgage
Metro Mortgage Corporation
Metro One Mortgage LLC
MetroBoston Mortgage Co., Inc.
Metrocities Mortgage LLC
Metropolitan Bank Group
Metropolitan Financial Services Inc
Metropolitan Home Mortgage, Inc.
Metropolitan Mortgage Bankers Inc.
Metropolitan Mortgage Group, Inc. dba Metropolitan Mortgage
Metropolitan National Bank
Metropolitan National Bank (MO)
Metropolitan National Bank Mortgage Company
Metrostate Financial and Real Estate Corp
Metuchen Savings Bank
MFC Mortgage Inc
MFG Funding
MGM Funding, LLC
MGN Funding Corp.
MHC I, Inc.
MHL Funding Corp
Michael David Financial Inc dba Cornerstone Lending
Michigan Fidelity Acceptance Corporation
Michigan Heritage Bank
Michigan Mutual, Inc.
Michigan United Mortgage LLC
Mid America Bank & Trust Company
Mid America Mortgage Services of IL Inc. Carterville Branch
Mid America Mortgage Services of Illinois, Inc.
Mid America Mortgage Services of Kansas City, Inc.
Mid Atlantic Capital, LLC
Mid Valley Services, Inc.
Midamerica Mortgage Corporation
Mid-Atlantic Federal Credit Union
Mid-Atlantic Financial Services, Inc.
MidCarolina Bank
Midcontinent Fin Ctr Inc d.b.a. American Mutual Mortgage Co.
MidCountry Bank
Middlekauff Mortgage Co.
MidFirst Bank
Mid-Island Mortgage Corp.
Midland Federal Savings & Loan
Midland Mortgage Corporation
Midtown Bank
Midtown Financial Services
Midtown Mortgage Inc
Midtowne Mortgage
Midwest Community Bank
Midwest Equity Mortgage LLC
Midwest Financial Mortgage
Midwest Funding Bancorp
Midwest Heritage Bank, FSB
Midwest Home Loans LLC
Midwest Loan Services, Inc.
Midwest Mortgage Capital
Midwest Mortgage Investments, LTD
Midwest Mortgage Planners, Inc.
Midwest National Mortgage Corporation dba Midwest Natl Mort
Midwest Residential Lending, LLC
Mid-Wisconsin Bank
Miguel A, Baylon, Jr. dba Baylon Mortgage Services
Mila, Inc.
Milestone Mortgage Inc
Milestone Mortgage Solutions, Inc.
Milford Federal Savings and Loan Association
Millenium Home Mortgage LLC
Millennia Mortgage Corporation
Millennium Bank N.A./Millennium Capital
Millennium Financial Group, Inc. dba MLend, Inc.
Millennium Marketing Co. Inc.
Millennium Mortgage Corporation
Millennium Mortgage Services Corporation
Miller Home Mortgage, LLC
Miner Kennedy Chmura Associates, Inc.
Minnesota Lending Co. LLC dba Optimum Mortgage Services
Minnesota Lending Company, LLc
Minnesota Valley Federal Credit Union
Minster Bank
Mirad Financial Group
Mission Federal Credit Union
Missouri Bank & Trust Company of Kansas City
MIT Federal Credit Union
MJ Mortgage Services Inc
MJS Lending, Inc.
MLD Mortgage Inc.
MLS Mortgage Group Inc.
MLS Mortgage Lending Solutions, LLC
MLSG Inc.
MMG Inc
MMW Holdings LLC dba Trident Home Loans
Mohave State Bank
Molton, Allen & Williams LLC
Monarch Bank
Moncor, Inc.
Money Forest Mortgage LLC
Money Warehouse
Moneylink Mortgage Inc
MoneyOne Corporation
Monster Mortgage LLC
Montana Board of Housing
Montana First Credit Union
Montana Mortgage Company
Montgomery Bank, National Association
Montgomery Mortgage Capital Corporation
Montgomery Mortgage, Inc
Monticello Banking Company
Monument Bank
Monument Capital LLC dba Moneytree Mortgage Services LLC
Monument Mortgage Company, Inc.
Monument Mortgage, Inc.
Moore Financial Enterprises, Inc. dba Lenders Diversified
Moore Mortgage Inc.
Moran Industries dba Pacific Financial
More House Mortgage Inc.
More2Lend Financial
Moreland Financial Corporation
MorEquity Inc.
Morgan Stanley Credit Corp
Morgan Stanley Mortgage Capital Holdings, Inc
Morrison Home Funding, LLC
Mortgage & Investment Consultants
Mortgage 1 Incorporated
Mortgage 2000 Inc
Mortgage Acceptance LLC
Mortgage America Bankers LLC
Mortgage America Inc.
Mortgage and Equity Funding Corp.
Mortgage Architects Inc. dba Mortgage Architects
Mortgage Associates Inc
Mortgage Avenues LLC
Mortgage Bank of California
Mortgage Bankers Financial Group, Inc.
Mortgage Bankers of Wisconsin Inc.
Mortgage Banking Systems, Inc.
Mortgage Broker Network Group, LLC
Mortgage Brokers Service, Inc.
Mortgage Capital Associates, Inc. A California Corporation
Mortgage Capital Corporation of America (MCCA)
Mortgage Capital Group
Mortgage Center LLC
Mortgage Central, Inc.
Mortgage Clearing Corporation
Mortgage Company of America, LLC
Mortgage Consultants Group, Inc
Mortgage Consultants Inc.
Mortgage Consultants Incorporated
Mortgage Contracting Services
Mortgage Corp of Ohio
Mortgage Corp of the East III
Mortgage Corporation of America
Mortgage Corporation of America, Inc.
Mortgage Counseling Services
Mortgage Data Management Corp. (MDMC)
Mortgage Department Services, LLC
Mortgage Depot, LLC
Mortgage Direct Inc.
Mortgage Dynamics Inc (FL)
Mortgage Edge Corporation
Mortgage Elite Inc.
Mortgage Enterprise, Ltd.
Mortgage Essentials, Inc.
Mortgage Experts Inc.
Mortgage Express LLC
Mortgage Express, Inc.
Mortgage Factory Inc dba Mortgages Direct
Mortgage Financial Services
Mortgage Financial, Inc.
Mortgage First LLC
Mortgage Funding Corp
Mortgage Funding Direct LLC
Mortgage Group of Wisconsin Inc.
Mortgage Group Services LLC
Mortgage Haus Inc.
Mortgage Headquarters of Missouri, Inc
Mortgage Horizons LLC dba Mortgage Horizons
Mortgage Innovations Inc
Mortgage Investment Services Corporation
Mortgage Investors Corporation
Mortgage Investors Group
Mortgage Lenders Network USA, Inc.
Mortgage Lenders Network USA.
Mortgage Lenders of America, LLC
Mortgage Lenders of Americas and Company Inc.
Mortgage Lending Consultants, Inc.
Mortgage Lending Group, Inc. (AZ)
Mortgage Line Financial Corp.
Mortgage Loan Solutions LLC
Mortgage Management Consultants, Inc.
Mortgage Managers, Inc.
Mortgage Master Service Corporation
Mortgage Master, Inc.
Mortgage Masters of Indiana, Inc
Mortgage Mentor Inc.
Mortgage Mobility LLC
Mortgage Movers, Inc.
Mortgage Network Inc (KY)
Mortgage Network Solutions
Mortgage Network, Inc.
Mortgage Now Inc.
Mortgage Now, Inc.
Mortgage One Group, Inc.
Mortgage One of North Louisiana LLC
Mortgage One of the South, Inc.
Mortgage One Solutions, Inc.
Mortgage Options of America, Inc.
Mortgage Outfitters, LLC
Mortgage Partners
Mortgage Plan Financial Services, Inc.
Mortgage Planners LLC
Mortgage Planners, Inc.
Mortgage Planners, LLC
Mortgage Planning & Lending Specialists LTD
Mortgage Process Center
Mortgage Professionals, Inc.
Mortgage Pros LTD
Mortgage Pros, Inc.
Mortgage Real Estate Services, Inc. dba Macro Financial Grou
Mortgage Recovery 1
Mortgage Research Center LLC dba VAMORTGAGECENTER.COM
Mortgage Resource Group, Inc.
Mortgage Resources In The Midwest, Inc.
Mortgage Resources, Inc.
Mortgage Revolution, Inc.
Mortgage Sense, Inc.
Mortgage Services III, LLC
Mortgage Servicing Center
Mortgage Servicing, Inc
Mortgage Shop LL
Mortgage Solutions Network Inc DBA Mortgage Solutions Mgmt
Mortgage Solutions of Central Fl, Inc.
Mortgage Solutions of Colorado LLC.
Mortgage Solutions of St. Louis LLC
Mortgage Solutions Services, LLC
Mortgage Source LLC
Mortgage Source, Inc.
Mortgage Sources Corp
Mortgage South Financial Services, Inc.
Mortgage Specialists of Illinois, Inc
Mortgage Specialists, LLC (NE)
Mortgage Specialits, LLC
Mortgage Strategists Incorporated
Mortgage Superstore, Inc.
Mortgage Systems, Inc.
Mortgage Team 1, Inc.
Mortgage Tree
Mortgage Trust Group, Inc.
Mortgage Trust, Inc.
Mortgage Works Unlimited, Inc. DBA The Mortgage Works
Mortgage World Bankers, Inc.
Mortgage Xpress
MortgageAmerica Associates, Inc.
MortgageAmerica, Inc.
MortgageBanc
MortgageClose.Com
MortgageIT, Inc.
MortgageOne Financial Services Corp
Mortgages & More, Inc.
Mortgagestar
MortgageSteps
MortgageStream Financial Services, LLC
MortgageTree Lending
Motivity Solutions, Inc.
Mountain 1st Bank & Trust
Mountain America Credit Union
Mountain America Fin. Svcs, The Mortgage Co-op & Q Mortgage
Mountain Crest Mortgage, Inc.
Mountain Express Mortgage
Mountain High Federal Credit Union
Mountain Pacific Mortgage Company
Mountain Peaks Financial Services
Mountain Range Funding LLC
Mountain States Mortgage Centers, Inc.
Mountain View Mortgage Company, Inc
Mountain West Bank
Mountain West Bank, NA
Mountain West Financial, Inc.
MountainView Capital Group
MRG Document Technologies.
MSA Mortgage, LLC
MSG-The Mortgage Specialist Group LP
MSMC Venture, LLC
Mtg America Corpus ChristiTX dba Mtg Assoc Corpus Christi
MTG Finance, LLC
MTH Lending Group, LP
Multi-State Home Lending, Inc.
Mutual Mortgage Corporation
Mutual Mortgage Corporation MI
Mutual Savings Bank
Mutual Security Mortgage Ltd
MV Holdings, LLC dba Global Lending Group
MVB Mortgage Corp
My Mortgage Company
My Mortgage Pro, LLC dba Mortgage Management Group
My Neighborhood Mortgage Co. LLC dba Neighborhood Mortgage
My South Lending Group, Inc.
Myers Park Mortgage, Inc.
Mylor Financial Group, Inc.
MyTown Mortgage Corp
NAD Acquisition 3, LLC
Nation One Mortgage Co. Inc.
National Americas Investment Inc.
National Asset Direct Acquisition LLC
National Asset Direct, Inc.
National Bank
National Bank of Arizona
National Bank of Arkansas
National City Bank (KY)
National City Bank of Indiana
National City Mortgage, a Division of National City Bank
National City Mtg Svcs Inc. A Subsidiary of Nat’l City Bank
National Fidelity Mortgage Corporation
National Future Mortgage
National Guaranty Mortgage Corporation
National Lenders Services Inc
National Mortgage Network, Inc.
National Mortgage Network, Inc. DBA Interstate Mortgage Netw
National Mortgage Options LLC
National Penn Bank
Nations Direct Mortgage, LLC
Nations First Financial, LLC.
Nations Funding Source, Inc.
Nations Home Corporation dba First American Lending Corp
Nations Home Funding
Nations Home Lending Center
Nations Home Mortgage Corporation
Nations Lending Corp
Nations Mortgage & Investment
NationsFirst Lending, Inc.
Nationstar Mortgage LLC
Nationwide Advantage Mortgage Company
Nationwide Bank
Nationwide Equities Corporation
Nationwide Home Loans Inc
Nationwide Home Loans.
Nationwide Home Mortgage Inc. dba Allstate Mortgage Lending
Nationwide Lending Corporation
Nationwide Lending Services Inc
Nationwide Mortgage & Associates Inc
Nationwide Mortgage Concepts
Nationwide Mortgage, Inc.
Nationwide Residential Capital, Inc
Nationwide Title Clearing, Inc.
Natixis Real Estate Capital, Inc.
Nattymac Capital LLC
Navy Federal Credit Union
nBank, N.A.
NBD Bank (Florida) – Non-Member
NBD Bank (Michigan) NON-MEMBER
NBD Bank N.A. – NON-MEMBER
NBGI, Inc.
NBRS Financial Bank
NDFC Capital Corp
NE Moves Mortgage Corporation
Nebraska Mortgage Co LLC
Nebraska National Bank
Neighborhood Funding Inc.
Neighborhood Housing Services of America
Neighborhood Housing Services Silicon Valley
Neighbor’s Financial Corporaton
Net Rate Mortgage Inc.
NetBank
NetCap Financial LLC
NetCentral Mortgage LLL
NetMore America, Inc dba Hm Ln Ctr of WA, of OR, of MT, of I
Network Capital Group, Inc.
Network Funding, L.P.
Network Mortgage Services
Network Mortgage, LLC
Nevada Federal Credit Union
Nevada Mortgage Inc.
Nevis Funding Corp.
New Age Mortgage Company
New America Capital, Inc.
New American Funding
New American Mortgage LLC
New Century Financial
New Century Mortgage Corp, Irvine
New Day Financial LLC
New Day Trust Mortgage dba New Day Mortgage
New England Regional Mortgage Corporation
New Equity Financial Corp
New Fed Mortgage Corp
New Granite Mortgage Corporation dba Granite Mortgage Corp
New Home Finance LLC
New Homes Mortgage Inc.
New Horizon Financial, LTD
New Horizon Mortgage
New Horizon Mortgage, Inc
New Horizon Real Estate Financial Services Inc.
New Liberty Home Loans
New Mexico Educators Federal Credit Union
New Millennium Bank
New Millennium Mortgage Corporation
New Penn Financial, LLC
New Perspective Mortgage, LLC
New South Federal Savings Bank
New Vision Residential Lending
New West Lending, Inc.
New World Mortgage Inc
New York Mortgage Funding, LLC
NewAlliance Bank
Newcastle Home Loans, LLC
NewCastle Mortgage Corp
Newmarket Financial Mortgage Corporation
Newport Funding Corp.
NewPrime Home Loans, LLC
Newwest Funding, A Nevada Corporation
NexBank SSB
NextHome Mortgage Corp
Nexus Financial LLC
NFS Loans Inc
NHEL – Citibank as Trustee
NHSA – JPS
NJ Lenders Corp.
NL, Inc. dba RPM Wholesale
NLMC, Inc.
Noble Bank & Trust, N.A.
Nola Lending Group LLC dba Nola Funding Group
Nomura Credit Capital Inc.
Norhill Financial Corporation
Normandy Mortgage Inc.
Norstar Mortgage LLC
North Alabama Mortgage Inc.
North American Banking Company
North American Savings Bank, fsb
North Atlantic Mortgage Corporation
North County Real Estate Inc. dba HMC Funding
North Dallas Bank & Trust Co.
North Florida Funding, Inc.
North Fork Bank
North Georgia Bank
North Middlesex Savings Bank
North Shore Bank
North Shore Bank of Commerce
North Shore Bank, FSB
North Shore Community Bank and Trust
North Shore Trust &Savings
North Star Home Lending, LLC
NorthCountry Federal Credit Union
Northeast Financial Corporation
Northeast Mortgage Corporation
Northern Federal Credit Union
Northern Mortgage Inc.
Northern New Mexico Mortgage Co.
Northern Pacific Mortgage Inc
Northern Star Bank
Northern States Funding Group, Inc.
Northfield Trust Mortgage Company, LLC
NorthPoint Financial Services, Inc.
Northpoint Lending Group Inc.
NorthPoint Mortgage
Northpoint Mortgage LTD
Northsight Mortgage Group, LLC
NorthStar Alliance, Inc.
Northstar Bank of Texas-Mortgage Division
NorthStar Mortgage Corp.
Northstar Mortgage Group LLC
Northwest Bank
Northwest Funding Group Inc
Northwest Lending Group, Inc.
Northwest Mortgage Group, Inc.
Northwestern Financial Corporation
Norwich Commerical Group dba Norcom Mortgage
Nothnagle Home Securities Corp.
Nova Home Loans
NovaStar Certificates Financing Corporation
Novastar Home Mortgage Inc
Novastar Mortgage, Inc.
Novelle Financial Services, Inc.
Novellus Capital Funding, Inc.
NP Inc dba US Mortgage of Florida
NPB Mortgage LLC dba Northpointe Mortgage
NTFN Inc. dba Premier Nationwide Lending
Numerica Mortgage LLC
NVR Mortgage Finance, Inc.
NW Lending, Inc.
Oak Bank
Oak Creek Mortgage, Inc.
Oak Mortgage Company, L.L.C.
Oak Mountain Mortgage, LLC
Oak Street Mortgage LLC
OakStar Bank, NA
Oaktree Funding Corporation
Oakville Capital Inc.
O’Brien Mortgage Services, Inc.
Ocala Funding, LLC
Ocean West Enterprises, Inc.
OceanFirst Bank
Oceans Funding Company, Inc.
Oceanside Mortgage Company
OCM Mortgage, Inc.
OCM, Inc. dba HelpUFinance.com
Ocwen Loan Servicing, LLC
O’Dowd & Associates Mortgage Co. Inc.
Odyssey Funding LLC
OGrady Mortgage, Inc.
Ohio Capital Alliance Corp
Ohio Legacy Bank, NA
Ohio Lending Group
Old Colonial Mortgage
Old Oaks Mortgage Inc.
Old Point Mortgage LLC
Old Republic Insurance Company
Old Republic Title Ins. Group
Old Second National Bank
Old Town Mortgage, LLC
Old Towne Financial, Inc.
Old Virginia Mortgage Inc.
Olympia Funding Inc.
Olympia Mortgage Corp.
Olympia West Mortgage Group, LLC
Omaha Police Federal Credit Union
Omega Financial Services Inc.
Omega Financial Services, Inc.
Omega Mortgage Company
Omni Bank
Omni National Bank
OmniAmerican Bank
On Point Mortgage, LLC.
On Q Financial, Inc.
On Time Capital
One Bank and Trust, NA
One Choice Mortgage, LLC.
One Community F.C.U.
One Mortgage LLC dba One Mortgage
One Mortgage Network, LLC
One on One Funding
One Source Mortgage, LLC
Onestop Financial Services LLC
Online Financial Group
Onyx Capital LLC
Open Mortgage, LLC
Opes Advisors Inc.
Opteum Financial Services LLC
Opteum Financial Services, LLC (Optemac T/F Opteum Mortgage)
OPTEUM FINANCIAL SERVICES, LLC.
Optima Mortgage Corporation
Optimax Mortgage Co.
Optimum Financial Services, Inc.
Optimum Mortgage Group, LLC
Optimum Mortgage LLC
Option Financial LLC
Option One Mortgage Corporation
Oregon Coast Bank
Originate Home Loans, Inc.
Orion Bank
Orion Mortgage Corporation
Orlando Mortgage Company, Inc.
Ouachita Independent Bank
Outlook Mortgage, LLC
Outsource Solutions, Inc.
Overland Mortgage, LP
Owen Community Bank, S.B.
Owl Tree Mortgage Company
Owner’s Choice Mortgage Services Inc. dba Owner’s Choice Mtg
Ownit Mortgage Solutions Inc
OWS I Acquisitions, LLC
Oxford Capital, LLC
Oxford Funding Corporation
Oxford Lending Group, LLC
Oxford Mortgage, Inc.
P.T. K. Consulting, Inc. DBA Preferred Mortgage Lenders
PA Mortgage Service, Inc.
PA Preferred Mortgage Co.
Pacesetter Mortgage Company
Pacific America Group Inc. dba Pacific America Mortgage
Pacific Coast Lending
Pacific Coast Mortgage Inc.
Pacific Community Mortgage, Inc.
Pacific Continental Mortgage
Pacific Crest Funding, LLC dba Pacific Crest Home Loans
Pacific First Financial Services LP
Pacific Gold Mortgage Group, LLC
Pacific Horizon Bancorp, Inc.
Pacific Mercantile Bank
Pacific Mutual Funding dba Pacific Residential Financing
Pacific Northwest Mortgage Corporation
Pacific Northwest Mortgage LLC
Pacific Residential Mortgage, LLC
Pacific Reverse Mortgage, Inc.dba Financial Heritage
Pacific Service Credit Union
Pacific Union Financial, LLC
Pacor Mortgage Corp
PacWest Funding dba PacWest Funding Incorporated
Pacwest Services, Inc.
Palladium Mortgage Corporation
Palm Beach Atlantic Lending LLC
Palm Beach Mortgage Group Inc.
Palmetto South Mortgage Corp.
Palos Bank & Trust Company
Panhandle State Bank
Paradigm Mortgage Corporation
Paradise Financial Group, Inc.
Paragon Home Lending, LLC
Paragon Mortgage Bankers Corp.
Paragon Mortgage Consultants, Inc.
Paragon Mortgage Services Inc.
Paragon National Bank
Paramount Bond & Mortgage Company
Paramount Equity Mortgage, Inc.
Paramount Home Loans, Inc
Paramount Lending, LLC
Paramount Mortgage Professionals on NC, Inc
Paramount Mortgage, Inc.
Paramount Residential Mortgage Group, Inc.
Park National Bank
Park Place Finance, LLC
Park Place Mortgage, LLC
Park Shore Mortgage Corp
Park West Corporation
Parkside Lending, LLC
Parkway Bank
Partners for Payment Relief, LLC
Partners Mortgage dba Partners Capital Mortgage
Partners Mortgage, Inc.
Pathfinder Mortgage Group, Inc.
Pathway Financial, LLC
Patriot Bank
Patriot Bank FL
Patriot Bank Mortgage Inc. a Division of Patriot Bank
Patriot Federal Credit Union
Patriot Funding LLC
Patriot Lending Group, Inc
Patriot Lending Services, Inc.
Patriot Mortgage Bankers of North America LTD
Patriot Mortgage Company Inc
Patriot Mortgage Services Inc.
Patriots Bank
Patroit One Mortgage Bankers LLC
Patuxent Funding LLC
Paul E Smith dba Main Street Mortgage Company
PB Reit, Inc.
PCFS Financial Services, Inc.
Pellow Mortgage Company LLC
Pemm. Tek Mortgage Services, LLC
Penn 1st Financial Services Inc
Penn Liberty Bank
Pennie L. Carey dba Worldwide Home Lending
Pennwest Home Equity Services Corp
PennyMac Loan Services, LLC
Pentagon Mortgage LLC
People Bank – WA
Peoples Bank
Peoples Bank of Commerce
People’s Bank of Commerce
Peoples Bank of KY, Inc
Peoples Bank, N.A.
People’s Choice Funding, Inc
Peoples Choice Home Loan Inc
People’s Choice Mortgage Company
Peoples Choice Mortgage LLC
Peoples Exchange Bank
Peoples Independent Bank
Peoples Mortgage Company
People’s Mortgage Corporation
Peoples Mortgage, Inc.
Peoples National Bank, N.A.
Peoples Savings Bank dba Peoples Mortgage Company
Peoples State Bank of Comm dba RHR Mortgage of America, LLC
People’s State Bank of Wyalusing, PA
People’s United Bank
PeoplesBank, A Codorus Valley Company
Performance Financial Inc dba Pacific Funding & Mort Advisor
Performance Lending, Inc
Perimeter Mortgage Funding Corporation
Perl Mortgage, Inc.
Personal Home Mortgage Services, Inc.
PFagan Mortgage, Inc.
PFG Mortgage Trust I
PFG Mortgage Trust II
PFL, Inc.
PGNF Home Lending Corporation
PHH Mortgage Corporation
Philadelphia Mortgage Advisors Inc.
Philip R. Marsh
Phoenix Funding Corporation
Phoenix Mortgage Corporation
Phoenix Rising Brokers Conduit dba PRBConduit.com
Pierce Commercial Bank
Pike Creek Mortgage Services Inc
Pillar Financial LLC
Pillar Mortgage Services Corporation
Pine River Valley Bank
Pine State Mortgage Corp.
Pinellas Mortgage Services, Inc.
Pinnacle Bank
Pinnacle Capital Mortgage Corporation
Pinnacle Financial Corporation
Pinnacle Financial Corporation of Michigan
Pinnacle Financial Services, Inc.
Pinnacle Financial Solutions
Pinnacle Home Mortgage Co.
Pinnacle Lending Group
Pinnacle Mortgage Funding LLC
Pinnacle Mortgage Group, Inc.
Pinnacle Mortgage, Inc
Pinnacle National Bank
Pinta, LLC
Pintola Inc. dba Town and Country Mortgages
Pioneer Financial Services, Inc.
Pioneer Mortgage, Inc. #40319
Pirimar Industries Inc. dba Pirimar Home Loans
Plains Commerce Bank
Planters Bank Inc
Planters First
Platinum 1 Mortgage Services, LLC
Platinum Capital Group
Platinum Community Bank
Platinum Community Bank dba Platinum Direct Funding
Platinum HomeMortgage Corporation
Platinum Mortgage Group, LLC
Platinum Mortgage Inc.
Platte River Mortgate and Investments Inc
Platte Valley Bank of Missouri
Plaza Home Mortgage, Inc.
Plaza Mortgage Group Inc.
PLB Lending, LLC
PLN Associates Inc
PMAC Lending Services Inc
PMC BanCorp.
PMI Mortgage Insurance Company
PNC Bank N.A.
PNC Consumer Services
PNC Mortgage, LLC
PNCMT Trust Series 2000-1, Bank One as Trustee
PNMAC Mortgage Co., LLC
PNMAC Mortgage Opportunity Fund Investors, LLC
Point Independent Mortgage
Point Mortgage Corp.
Point Plus Credit Union
PointBank
Polaris Home Funding Corporation
Poli Mortgage Group Inc.
Pope Mortgage & Associates
Popular Mortgage
Popular Mortgage Servicing, Inc
Positive Mortgage, Inc
Potelco United Credit Union
Potomac Mortgage Capital Inc.
Poulsen Mortgage Corporation
Powder House Mortgage Company, Inc.
Power Financial Corporation
PPI Equities, Inc. dba Pacific Mortgage
Prairie Community Bank
Prajna Group Inc. dba Liberty Mortgage Funding
Precision Financial, Inc.
Precision Funding
Precision Funding Group LLC
Preferred Financial Funding, Inc.
Preferred Financial Grp Inc dba Preferred Mortgage Services
Preferred Financial Services Inc.
Preferred Home Lending LLC
Preferred Home Loan LTD
Preferred Home Mortgage Company
Preferred Mortgage, Inc
Prem Mortgage, Inc. DBA First United Mortgage
Premier Atlanta Mortgage Company
Premier Bank
Premier Bank – Dubuque
Premier Bank (MO)
Premier Bank Minnesota
Premier Bank Rochester
Premier Banks
Premier Community Bank of the Emerald Coast
Premier Financial Correspondent Inc.
Premier Financial Services, Inc.
Premier Holdings LC dba Premier Mortgage
Premier Home Lending Inc.
Premier Home Lending, Inc. (FL)
Premier Home Mortgage LLC dba PHM, LLC (Nebraska only)
Premier Lending Solutions LLC
Premier Mortgage Capital Inc.
Premier Mortgage Funding, Inc.
Premier Mortgage Group of South Florida
Premier Mortgage Group, Inc.
Premier Mortgage Inc
Premier Mortgage Resources LLC dba Premier Mortgage Resource
Premier Mortgage Services Inc.
Premier Mortgage Services, Inc.
Premier Mortgage Services, LLC
Premiere Mortgage, Inc.
Premium Capital Funding LLC
Premium Mortgage
Premium Trust Mortgage Corp
Presidential Bank, FSB
Prestige Funding Solutions LLC dba Distinct Funding Solution
Prestige Mortgage, LLC
Prestige Mtg.
Prestonwood Mortgage L.P
Priceline Mortgage Company LOC
Pride Mortgage LLP
Primary Capital Advisors LC
Primary Funding Group, a dba of Pro-Buy Equities Corp
Primary Mortgage Corporation
Primary Residential Mortgage
Primary Residential Mortgage (2)
Prime Axia Financial, Inc.
Prime Capital Group, LLC
Prime Capital, Inc.
Prime Equity Access Corporation
Prime Financial Corporation
Prime Max Mortage, LLC
Prime Mortgage Financial, Inc.
Prime Mortgage, a division of the Business Bank
Prime Residential Funding, LLC
Prime Shop, Inc.
Prime Source Funding Inc.
PrimeLending, a Plains Capital Company
Primequity LLC
PrimeWest Mortgage Corporation
Primrose Mortgage Co. Inc., dba First PrimSouth Mortgage
Primus Lending Corp.
Princeton Financial, LLC
Princeton Mortgage Corporation
Principal Bank
Principal Mortgage, LLC
Priority Bank
Priority Financial, Inc. dba Priority Funding
Priority Mortgage Corp
Private Capital Group LLC
PRMI 011
PRMI 018
Pro Mortgages LLC
Proctor Properties dba 1st Southwest Security Mortgage
Prodigy, Inc
Prodovis Mortgage
Production Mortgage, Inc.
Professional Advantage Financial Group., Inc.
Professional Consolidated Financial Goup, Inc.
Professional Lending, LLC
Professional Mortgage Bankers Corp.
Professional Mortgage Centers
Professional Mortgage Group, Inc.
Professional Mortgage Partners, Inc.
Professional Mortgage Service, Inc.
Professional Mortgage Services of WNC, Inc.
Professional Mortgage Solutions Inc
Professional Mortgage, Inc.
Proficio Mortgage Ventures, LLC
Profolio Home Mortgage Corp
Progress Bank & Trust
Progressive Lending LLC
Progressive Mortgage Group, Inc
Progressive Mortgage Inc. dba Key Mortgage
Progressive Mortgage Services LLC dba A&M Mortgage Group Inc
ProLender Solutions, Inc.
ProLending Mortgage, LLC
Properties, Etc., Inc dba Rescomm Financial
Property Network, Inc. dba Property & Mortgage Network, Inc.
Prospect Financial Services, LLC
Prosperan Bank
Prosperity Bank
Prosperity Bank (TX)
Prosperity Mortgage Company
ProtoFund Mortgage Corporation
Providence Mortgage Company
Providence Postal Federal Credit Union
Provident Asset Management, L.P.
Provident Credit Union
Provident Funding Associates, LP
Provident Mortgage Corporation
Provident Mortgage Corporation, A Calif. Corp.
Provident Savings Bank, F.S.B.
Providential Bancorp LTD dba Providential Mortgage Co.
Province Bank, FSB
Provincial Bank
ProviNet Mortgage Corporation, Inc.
PRS, LLC DBA The Mortgage Link
Prudential Lending Inc. DBA PLI Capital
Prudential Mortgage Services, LLC
Prysma Lending Group, LLC
PTF Financial Corp
Public Savings Bank
Public Trust Mortgage Corp.
Pulaski Bank (Pulaski Service Corp)
Pulaski Mortgage Company
Pulse Funding, Inc.
Pulte Mortgage LLC
Q Financial Direct Inc
QLending, Inc.
QMC Holdings Inc.
QR Lending, Inc.
Quad City Bank and Trust Company
Qualita Financial Group, Inc
Quality Home Loans
Quality One Mortgage, Inc.
Quantum Leap Mortgage Corp dba Supreme Lending Services
Quantum Servicing Corporation
Queensborough National Bank and Trust Company
Quick Loan Funding Inc.
Quick Mortgage Services, LLC
Quick Mortgage, LLC
Quickdraw Real Estate Service dba Homestar Lending
Quicken Loans, Inc.
R.O.C. Financial, Inc.
R.W. Allen Financial
Rabobank N A
Radian Guaranty Inc.
Radius Financial Group Inc.
Rancho Financial Inc.
Randall Mortgage Services, Inc.
Rapid Mortgage Co., Inc.
Rasmussen Mortgage Inc. dba Rasmussen Mortgage Specialists
Rate One Inc The Mortgage People
Raven Financial Services LLC
Raymond James Bank FSB
RBC Bank (USA)
RBC Mortgage Company
RBS Citizens, N.A.
Real Estate Financial Services, Inc
Real Estate Lending Group
Real Estate Mortgage Corp.
Real Estate Mortgage Network LLC
Real Estate Mortgage Network, Inc
Real Estate Mortgage Network, Inc.
Real Mortgage Partners, Inc.
Real Time Resolutions, Inc.
RealPros, LLC dba RealPros Mortgage LLC
Realty Funding Corporation
Realty Home Mortgage Associates, LLC
Realty Home Mortgage Co., LLC
Realty Mortgage – Home Office
Realty Plus Mortgage
Recorder of Deeds of Lancaster County
Red Mountain Bank, N.A.
Red River Bank
Red Rocks Federal Credit Union
Redmond Mortgage Company Inc
Redwood Trust, Inc.
Reed & Associates Mortgage Corp.
Referral Marketing Inc. dba Referral Mortgage
Refinance.com
Refund Realty & Mortgage LLC
Regency Lending Services
Regency Mortgage Corporation
Regent Bank
Regent Mortgage Funding LLC
Regions Mortgage
Reliance Bank
Reliance First Capital, LLC
Reliance Plus Mortgage Co. L.P. dba Reliance Mortgage Co.
Reliance Preferred Funding Corp
Reliant Mortgage Company, LLC.
Renaissance Mortgage Corporation
Renaissance Mortgage Group, Inc.
Renasant Bank
Renew Investment Co dba Columbine Mortgage
Republic Bank
Republic Bank & Trust
Republic Mortgage Home Loans, LLC
Republic Northwest, LLC
Republic State Mortgage Co.
Rescomm Holdings No. 2 LLC
Rescue Mortgage Inc
Reserve Mortgage Investments, LLC
ResFund LLC
Residence Lending, LLC
Residential Acceptance Corporation
Residential Acceptance Network, Inc.
Residential Bancorp
Residential Capital Mortgage Corporation
Residential Credit Solutions
Residential Finance Corp.
Residential Funding Company, LLC
Residential Home Funding Corp.
Residential Home Funding Corporation
Residential Home Loan Center LLC
Residential Home Mortgage Corporation
Residential Lending Corporation
Residential Lending Network Inc
Residential Lending Services, Inc
Residential Lending, LLC
Residential Loan Centers of America, Inc.
Residential Mortgage Advisors LLC
Residential Mortgage Associates, Inc. dba RMA Lending
Residential Mortgage Capital
Residential Mortgage Center Inc.
Residential Mortgage Corp.
Residential Mortgage Corporation
Residential Mortgage Funding, Inc.
Residential Mortgage Group, a division of Inter Savings Bank
Residential Mortgage Network, Inc
Residential Mortgage Services Inc
Residential Mortgage Solution LLC
Residential Mortgage Solutions
Residential Mortgage, LLC
Residential Mtg. Group, Inc.
Residential Wholesale Mortgage, Inc.
ResMAE Mortgage Corporation
Resolutions Capital, LP
Resource Financial Services, Inc
Resource Lenders, Inc.
Resource Mortgage Corporation
Resource One Credit Union
Resource One, Inc.
Response Mortgage Services Inc.
Resurgent Capital Services
Reunion Mortgage, Inc.
Reverse Mortgage Solutions, Inc.
Revolutionary Mortgage Company
RFC Trustee 01
RFC Trustee 02
RFC Trustee 03
RFC Trustee 04
RFC Trustee 05
RH Lending, Inc. d/b/a Residential Home Lending
Rhodes Financial Services Mortgage LLC dba Rhodes Fin’l Mtg
Rhome Asset Management Corporation
Ribble Real Estate LLC
Richland Federal Credit Union
Richland Mortgage Company, LLC
Ridge Mortgage Services Inc.
Ridgeview Mortgage Associates, Inc.
Riggs Real Estate Investment Corporation
Right-Away Mortgage, Inc
Rimrock Credit Union
Risk Management Group, LLC dba RMG
River Bank & Trust
River City Mortgage & Financial, LLC
River Funding Corporation dba River Home Lending
River Mortgage, LLC
River Region Credit Union
Riverbend Bank dba Riverbend Mortgage
Riverbend Mortgage Inc
Riverside Bank of the Gulf Coast
Riverside Mortgage Company LLC
Riverside Mortgage Company, Inc.
Riverside Mortgage Corp.
Riverside National Bank of Florida
Riverview Community Bank
Rivoli Mortgage
RJ Commercial Funding, Inc. dba Gateway Mortgage
RKS Financial Services, Inc
RMA Lending, LLC
RMC Vanguard Mortgage Corp.
RMK Financial Corp dba Majestic Home Loan
RMR Financial LLC d/b/a Princeton Capital
RMS & Associates
RNB Inc. dba Cornerstone Mortgage Company
Robertson & Anschultz
Rochester Home Equity, Inc
Rockaway Beach Financial
Rockwood Bank
Rocky Mountain Bank
Rocky Mountain Bank (MT)
Rocky Mountain Credit Union
Rocky Mountain Mortgage Group, LLC
Rocky Mountain Mortgage Specialist, Inc.
Rocky Mountian Mortgage Co.
Rogue Federal Credit Union
Rolwes Mortgage Co. LLC
Rose Rock Bank, a Division of Union Bank
Ross Mortgage Company, Inc.
Ross Mortgage Corporation
RoundPoint Mortgage Servicing Corp.
Royal Credit Industries, Inc.
Royal Mortgage Company, Inc.
Royal Pacific Funding Corp dba Pacific Banc
RP Funding, Inc
RPM Mortgage, Inc
RSR Home Loan Corporation
RTR Capital LP
Rubiola Mortgage Company, Inc.
Ryan Mortgage Co
Ryland Mortgage Company
S&L Investment Lending dba JC Mortgage
S&T Bank
S.M. Neider Mortgage Consultants, Inc.
S.W.I Financial Services, Inc. dba Integrity 1st Mortgage
S/C Financial LLC dba Quest Mortgage Consultants
Saab Financial Corporation dba Saab Mortgage
Sabal Palm Bank
Sacramento Credit Union
Sacramento Valley Mortgage Corp. dba Greater Valley Mortgage
Saddlebred Capital Mortgage, LLC
Safeguard Properties
Safeguard Properties Inc.
Sagamore Home Mortgage, LLC
Sahara Mortgage Corporation
SAIL MORTGAGE CORP
Sajomi Holdings Corporation DBA Lenders Residential Mortgage
Sallie Mae Home Loans
Sam Houston Mortgage Co., Inc.
San Angelo National Bank
San Antonio Mortgage Company, LLC
San Diego Funding
San Jacinto Mortgage Inc dba Mtg. Spec. of Greater Houston
San Luis Capital, Inc.
Sanborn Mortgage Corp.
Sandhills Bank
Sandy Spring Bank
Santa Cruz Home Finance
Santa Cruz Mortgage Company
SASCO 1999 AL2/US Bank NA
SASCO 1999 ALS3/US BK NATL ASSOC
SASCO 1999 SP1/FNB Chicago
SASCO 2000 ARC-BC3
SASCO 2000-3
SASCO 2000-4
SASCO 2000-RF1
SASCO 2001-1
SASCO ARC 2001-BC2
SASCO1999ALS-1/Chase Manhattan Bank
Saugus Federal Credit Union
Savage Mortgage Services LLC
Savi Ranch Financial Inc. dba Western Pacific Financial Inc.
Savings First Mortgage LLC
Sawgrass Funding LLC
Saxon Equity Mortgage Bankers, Ltd.
Saxon MortgageServices, Inc.
SBMC Mortgage
SBW Management, LLC dba Capital Home Loans
SCBT, N.A.
SCD Recovery, LLC
Schaefer Mortgage Corp.
Schmidt Mortgage Company
Schmitt Mortgage, LLC
Scholastic Mortgage LLC
Schyndel Investments, Inc.
SCME Mortgage Bankers, Inc.
Scott Financial LLC dba Des Peres Mortgage LLC
SDK Real Estate Funding LLC dba Allied Banc Mtg/Allied Mtg L
Sea Financial Group, Inc.
Seabreeze Financial Services, Inc.
Seacoast National Bank
Seattle Bank
Seattle Pacific Mortgage, Inc.
Sebring Capital Partners, Limited Partnership
Sebring Capital Partners, LP (Subprime Div.)
Secure Lending Solutions, Inc.
Secured Funding Corp
Security Atlantic Mortgage Co., Inc.
Security Bank of Kansas City
Security Federal Bank
Security Federal Mortgage Corp.
Security First Bank
Security First Mortgage, Inc.
Security Home Mortgage LLC
Security Lending Wholesale
Security Mortgage Corporation
Security Mortgage Corporation (MI)
Security Mortgage Funding Corporation
Security Mortgage, Inc.
Security National Life Insurance Company
Security National Mortgage Company
Security National Partners Limited Partnership
Security One Mortgage
Security Real Estate Services, Inc.
Security Savings Bank, FSB
Security Service Federal Credit Union
Security State Bank
Security State Savings Bank
Select Fnancial Services Inc dba McColly Mortgage
Select Mortgage
Select Mortgage Corporation
Select Mortgage Group Ltd.
Select Portfolio Servicing Inc
Selene Finance LP
Selene RMOF BOA 063008 LLC
Selene RMOF Loan Acquisition LLC
Self Help Ventures Fund
Selleck Mortgage Group, Inc.
Sellers Financial Group, Inc. dba Sellers Mortgage Corp
Seminole Moneytree Inc.
Senderra Funding
Sente Mortgage Corporation
Sentinel Home Mortgage LLLP
Sentinel Mortgage Co.
Serramonte Mortgage Company, Inc. dba SMC Bancorp
Service First Mortgage Corp.
Service First Mortgage dba Trans-Act Mortgage
Service Mortgage Underwriters, Inc.
Servis First Bank
Seven Seventeen Credit Union
Severn Mortgage Corporation
Severn Savings Bank, FSB
SFF Mortgage, Inc. DBA Security First Financial
SFG Bancorp
SFJV 2005, LLC
Shamrock Bank of Florida
Shamrock Financial Corporation
Shamrock Mortgage Inc.
Share Plus Federal Bank
Sharp Mortgages, Inc.
Shasta Financial Services, Inc. dba First Capital
Shea Mortgage – Corporate Office
Shearson Home Loans
Shelby State Bank
Shelly K Hulse dba Shell Mortgage
Shelter Mortgage Inc.
Shelton Mortgage Group, LLC
Sher Financial Group, Inc. dba Citizens Lending Group, Inc.
Sherwood Mortgage Group, Inc.
Shore Mortgage
SI Mortgage Company
Sibcy Cline Mortgage
Sids Mortgage Inc dba Alliance Financial Mtg.
Sidus Financial Corporation (NC)
Sidus Financial Corporation (VA)
Sidus Financial LLC (SC)
Sidus Financial, LLC – New England Regional Office
Sierra Financial Mortgage, LLC
Sierra Home Loans, LLC
Sierra Pacific Home Loans, Inc.
Sierra Pacific Mortgage Company, Inc.
Sierra Star Financial, LLC
Sigmund Financial Group Inc.
Signature Bank
Signature Bank of Arkansas
Signature Lending Group, Inc.
Signature Mortgage Corporation
Signature Mortgage, L.L.C.
Signia Docs, Inc.
Silver Mortgage Bancorp, Inc.
Silver Oak Mortgage, LP
Silver State Bank
Silver State Financial Services, Inc. dba Silver State
Silvergate Bank
Silverstone Mortgage Group, LLC
Silverton Mortgage Specialists, Inc.
Simmons First National Bank
Simonich Corporation dba BWC Mortgage Services
Simplfi.com, Inc.
Sioux Falls Federal Credit Union
SIRVA Mortgage
Sisters Contract Mortgage Solutions Inc
SIU Credit Union
SK & Associates LLC dba Desert Sun Mortgage
Skofed Mortgage Funding Corporation
Sky Capital Mortgage, LLC
Sky Federal Credit Union
Sky Investments Inc. dba North Star Lending
Skyline Funding
Skyline Mortgage Company
Skyline Mortgage LLC
Slavie Federal Savings Bank
SLM Financial Corporation
Smart Choice Loan Center, Inc
Smart Wholesale Lending, Inc
SMI Lending, Inc
SMI Residential Mortgage, Inc.
SN Servicing Corp.
SNMLT 2001-2
Sno-King Mortgage Inc.
Societe Generale dba SG Mortgage Finance Corp
Sofin, Inc
Solace Financial LLC
Solstice Capital Group, Inc. dba Loanbus
SoluBanc Funding, Inc.
Solution One Mortgage
Solutions Bank
Solutions Funding, Inc.
Solutions Lending LLC
SolVerus Banc Incorporated
SOMA Financial
Somerset Investors Corp dba Somerset Mortgage Bankers
Sonterra Mortgage Capital, LLC
Sophia Ventures, Inc dba Elite Lending
Sotheby’s/Lehman Mortgage Services, LLC
Sound Mortgage, Inc.
Source Mortgage Corporation
Source Mortgage, LLC
Source One Mortgage Corporation
South Central Bank of Barren County, Inc.
South Chase Mortgage Corporation
South County Bank
South Lakes Mortgage Bankers, Inc.
South Pacific Financial d/b/a Funding Solutions Bancorp
South Shore Financial Services, Inc.
South Valley Bank & Trust
South Wind Tours & Excursions
Southcoast Community Bank
Southeast Bankers Mortgage Corp
Southeast Funding Alliance Inc.
Southeast Mortgage of Georgia
Southeast TX Equity Mgmt Inc dba Acq Funding or Home 1st Mtg
Southeastern Mortgage Corp.
Southern Equity Mortgage Services, LLC
Southern Fidelity Mortgage LLC
Southern Highlands Mortgage LLC
Southern Home Lending Corp
Southern Horizon Financial Group LLC
Southern Missouri Bank of Marshfield
Southern Mortgage Associates
Southern Mortgage Brokers Inc.
Southern Mortgage Co. of Central LA
Southern Mortgage Source, Inc
Southern Star Mortgage Corp
Southern Trust Mortgage, LLC
SouthFirst Bank
SouthPoint Bank
Southpoint Financial Services, Inc.
Southside Bank
SouthStar Funding, LLC
SouthTrust Mortgage Corporation
Southwest Funding, L.P.
SouthWest Missouri Bank
Southwest Mortgage Corp.
Southwest Mortgage Partners
Southwest Securities FSB (warehouse)
Southwest Securities, FSB
Southwest Stage Funding, LLC dba Cascade Financial Services
Southwood Mortgage Co.
Sovereign Bank
Sovereign Bank (PA)
Sovereign Bank (TX)
Sovereign Bank/NATCO
Sovereign Bank-Capital Markets (Newton)
Special Project RFC
Specialized Loan Servicing, LLC
Specialty Mortgage Corporation
Spectra Financial Inc.
Spectra Funding, Inc.
Spectrum Financial Group
Spectrum Funding Corp
Spectrum-Hale Partners, LLC dba Hale Financial Partners
Spire Federal Credit Union
Spirit Bank
Spurr Mortgage Corporation
SRI dba SRI Mortgage, SRI Wholesale, SRI Lending
ST Fin Corp dba Star Financial
St George Mortgage Inc
St Louis Federal Mortgage Co.
St. Francisville, LLC
St. Louis Bank
St. Louis Mortgage Connections Inc.
Stagecoach Mortgage, LLC
Standard Bank and Trust
Standard Equity Funding
Standard Mortgage Corp
Standard Pacific Mortgage, Inc.
Stanford Federal Credit Union
Stanley Capital Mortgage Company, Inc.
Star Funding, Inc
Starwood Vacation Ownership Inc.
Starwood Vacation Ownership Portfolio Services, Inc.
State Bank
State Bank of Delano
State Bank of Southwest Missouri
State Central Credit Union
State Farm Bank FSB
State Highway Patrol Federal Credit Union
State Lending Corporation
State Mortgage LLC
State of New York Mortgage Agency (SONYMA)
Statewide Bank
Statewide Bank (Correspondent
Statewide Financial Group, Inc.
Statewide Lending, Inc.
Stearns Bank N.A.
Stearns Lending Inc., A California Corporation
Steel Mountain Capital, Inc and Its Wholly Owned Purchasing
Stellarone Bank
Steller Mortgage Corporation dba Freedom Financial
Stenton Mortgage Inc
Stephen H. Robin dba HMC Enterprises
Stephen W. Head dba Texas Premier Mortgage
Stepstone Mortgage Company, Inc.
Sterling Asset & Equity Corp
Sterling Bank
Sterling Bank & Trust, FSB
Sterling Capital Mortgage
Sterling Coast to Coast Financial Group, Inc.
Sterling Eagle Mortgage Investment Company, LLC
Sterling Empire Funding Association, LTD
Sterling Home Mortgage Corporation
Sterling Home Mortgage, LLC
Sterling Mortgage and Financial Services, Inc.
Sterling Mortgage Corporation
Sterling Mortgage Services of the Treasure Coast, Inc
Sterling National Mortgage Company, Inc.
STERLING SAVINGS BANK
Sterling State Bank
Stewart Financial Enterprises Inc dba City Fund Mort Lending
Stewart Mortgage Information Services
Stewart Mortgage Services, Inc.
Stewart Title of Northern New England, Inc.
Stifel Bank & Trust
Stillwater Mortgage, LLC dba Turnbury Mortgage
Stirling II Corporation dba Stirling Mortgage
Stock Financial, LLC
Stock Yards Bank & Trust Company
Stockman Bank of Montana
Stockton Mortgage Corporation
Stockton Turner LLC
Stoffer Mortgage Inc.
Stone Creek Capital Mortgage
Stone Mortgage Corporation
Stonebrook Mortgage Corporation
Stonebrook Mortgage Services, Inc.
Stonecreek Funding Corporation
Stonegate Mortgage Corporation
StonehamBank-A Cooperative Bank
Stonetrust MortgageLending LLC
StoneWater Mortgage Corporation
Straight Line Mortgage, Inc.
Strait Financial Corporation
Strata Bank
Strategic Capital Mortgage, Inc.
Strategic Lending, Inc.
Strategic Mortgage Company
Stratus Mortgage, LLC
Streeter Brothers Mortgage Corp.
Stronghold Funding LLC dba Stronghold
Structure Mortgage Inc.
Suburban Federal Savings Bank
Suburban Mortgage Company of New Mexico
Suburban Mortgage Inc.
Success Investments, Inc.
Success Mortgage Partners, Inc
Sullivan Financial Services, Inc.
Summatyme LLC
Summit Bank
Summit Bank, Tulsa
Summit Credit Union
Summit Credit Union (WI)
Summit Financial LLC
Summit Funding Inc
Summit Investments Loan Corp dba Loanisland
Summit Lending Group, Inc.
Summit Lending Solutions Inc
Summit Mortgage Bankers, Inc.
Summit Mortgage Corp. IL
Summit Mortgage Corporation
Summit Mortgage Corporation LLC
Summit Mortgage Corporation TX
Summit Mortgage Inc
Sun American Mortgage Company
Sun Capital Inc
Sun Home Loans, Inc.
Sun Quest Funding LLC
Sun Valley Mortgage Services LLC
Sun Vista Mortgage Services Ltd Co
Sun West Mortgage Company, Inc.
Sunbelt Lending Services
Sunbelt Mortgage, LLC
Suncoast Financial, Inc.
Suncoast Mortgage Bankers Inc
Suncoast Mortgage Corporation
Suncoast Mortgage Group, LLC
SunFirst Bank
Sunflower Bank N.A.
Sunlending Mortgage Corporation
Sunmark Federal Credit Union
Sunrise Financial Services, Inc.
Sunset Bank & Savings
Sunset Direct Lending
Sunset Financial Resource Inc.
Sunset Mortgage & Investment Corp.
Sunset Mortgage Co.
Sunset Mortgage Company, LP
Sunset Portfolio Servicing Company, LLC.
Sunset West Mortgage, Inc.
Sunshine Financial Group, Inc.
Sunshine Mortgage
Sunstreet Mortgage, LLC
SunTrust Mortgage, Inc.
Sunwest Bank
SunWest Mortgage, LLC
Superior Bank
Superior Lending Corp.
Superior Lending Mortgage Inc
Superior Mortgage and Equity Corp.
Superior Mortgage Corporation
Superior Mortgage LLC
Superior Mortgage Services LLC
Supreme Funding Corporation
Surecredit USA Home Loans, Inc.
Susquehanna Bank
Susquehanna Mortgage Corporation
Sussex Group, Inc.
Sutton Bank
SVO 2008-A VOI Mortgage Corp.
Swan Investments Intl., Inc. dba International Mortgage
SWBC Mortgage Corporation
Sweetwater Home Fin. of Houston, Inc. dba Sweetwater Mtg Co
Swinford Capital Corp.
Sycamore Funding Inc.
Sydion Financial LLC
Symmetry Mortgage Corp
Synergy Capital Mortgage Corporation
Synergy Home Loans, LLC
Synergy Mortgage Group, Inc.
Synergy One Financial Services, LLC
Synovus Mortgage Corp.
Syracuse Securities Inc
Syringa Bank
T.D. Service Company
T.J. Financial, Inc.
T.R. Hughes Home Mortgage Co. LLC
Tahoe Executive Enterprises, Inc dba Paragon Mortgage Serv
Tamayo Financial Services, Inc.
Tartak Mortgage LLC
Tarzana Capital
Taylor Morgan Inc dba Community Lending Services
Taylor, Bean & Whitaker Mortgage Corp.
TBI Mortgage Company
TBS Financial Services Inc. dba Lenders Mortgage Services
TC Preferred Funding Inc.
TCD Mortgage Corporation
TD Bank, N.A. – Commerce Bank
TD Banknorth NA
TDA Capital Group, LLC DBA Atlas Capital Mortgage
Team Lending Concepts, LLC
Team Mortgage, LLC
Team USA Mortgage, LLC
TeamBank N.A.
Technology Credit Union
Telemetry Mortgage Opportunities Fund, L.P.
Telesis Community Credit Union
Telhio Credit Union
Tenacity Mortgage
Tennessee Bank and Trust, A Div. of Farmers Bank & Trust Co.
Tennessee State Bank
Tennessee Valley Mortgage of Florence LLC
Terrace Mortgage Company
Terwin Advisors, LLC dba The Winter Group
Texas Bank and Trust Company
Texas BRV, Inc. dba Blue Apple Mortgage
Texas Capital Bank, N.A.
Texas Commercial Funding Group LLC
Texas First Family Mortgage Inc.
Texas Heritage Mortgage, LTD.
Texas Loan Star, Inc.
Texas Mortgage Professionals, LLC
Texas Mortgage Team LLC
Texas Security Bank
Texas Western Mortgage, LLC
The Addison Mortgage Group, Inc.
The Advantage Mortgage Group,Inc
The American Eagle Mortgage Corp.
The American National Bank of Dekalb County’s Mortgage Div.
The Anderson Financial Group, Inc.
The Andover State Bank
The Arlington Bank
The Bancorp Bank
The Bank of Canton
The Bank of Charlotte County
The Bank of Commerce
The Bank of Fayette County
The Bank of Georgia
The Bank of Holland
The Bank of Missouri
The Bank of New York
The Bank of New York as Trustee
The Bank of Northern Michigan
The Bank of San Antonio
The Bank of South Carolina
The Bank of the Pacific
The Bollin Mortgage Group, Inc.
The Broadstone Mortgage Company
The Bryn Mawr Trust Company
The Business Bank of St. Louis
The Carroll Mortgage Group, Inc.
The Citizens National Bank of Meridian
The Clinton Mortgage Network
The Coastal Bank dba Coastal Mortgage Company of SC
The Columbia Bank
The CU Mortgage Center, Inc. dba The Mortgage Center, Inc
The Delaware County Bank & Trust Company
The El Paso Mortgage Company
The Equity Group Financial, Inc.
The F & M Bank and Trust Company
The Family Credit Union
The First Mortgage Corporation
The First National Bank
The First National Bank Of Chicago – Non-Member
The First National Bank of Deerwood
The First National Bank of Granbury
The First National Bank of Jackboro dba The Highlands Bank
The First National Bank of Ogden
The First, A National Banking Association
The Freedom Bank of Virginia
The Funding Source LLC
The Gordon Group, Inc.
The Grange Bank
The Guernsey Bank
The H55 Group, Inc.
The Herring National Bank
The Hinks Company, Inc.
The Home Equity Network, LLC
The Home Loan Pros, Inc.
The Huntington National Bank
The Hurricane Mortgage Company, Inc.
The Joshua Group Co. LLC dba U.S. Lending
The Kent Group Ltd
The Klein Group, LLC
The LaPorte Savings Bank
The Lenders Group LLC
The Lending Company Inc
The Lending Connection, Inc.
The Lending Group
The Lending Partners, LLC
The Loan Experts Corporation dba All Amrican Finance
The Louisville Mortgage Group
The McCue Mortgage Company
The Milan Group Inc dba Milan Mortgage Bankers
The Money Source Inc.
The Money Source, Inc.
The Mortgage Advantage, Inc
The Mortgage Bankers Corp.
The Mortgage Broker, LLC
The Mortgage Center, Inc.
The Mortgage Center, LLC
The Mortgage Company
The Mortgage Company LLC
The Mortgage Connection
The Mortgage Depot Inc
The Mortgage Firm, Inc
The Mortgage Funding Group, Inc.
The Mortgage Group, Inc.
The Mortgage Group, LLC
The Mortgage House, Inc.
The Mortgage Lending Group, Inc.
The Mortgage Makers, Inc.
The Mortgage Network Wholesale Lender
The Mortgage Network, Inc., dba Mortgage Network North Ameri
The Mortgage Network, LLC
The Mortgage Outlet, Inc.
The Mortgage Place
The Mortgage Shoppe Inc
The Mortgage Source Inc
The Mortgage Specialist LP
The Mortgage Store Financial, Inc.
The National Bank
The New York Mortgage Company, LLC
The Northwestern Mutual Life Ins. Co. dba Northwestern Mutua
The Pappadakis Corporation dba Plaza Mortgage Group of FL
The Park Bank
The Peoples Bank Co.
The Petkewich Corp dba The Mortgage Outlet
The Ping Mortgage Company
The Poca Valley Bank
The Premiere Mortgage Corporation
The Private Bank
The PrivateBank Mortgage Company dba The PrivateBank
The PrivateBank Mortgage Company, LLC
The Situs Companies
The Stone Hill Group
The Vault Mortgage Co.
The Warren Group
The Washington Savings Bank
The Washington Trust Company
The Watermark Group Inc. dba Watermark Financial
Thomas Louis Mortgage Inc
Thomas Mortgage & Financial Services
Thornburg Mortgage Home Loans, Inc.
Thoroughbred Lending Company LLC
Three Rivers Financial Services, Inc.
Three Rivers Mortgage
TIB Bank of the Keys
TIB-The Independent Bankers Bank
Tidewater Home Funding, LLC
Tidewater Mortgage Services, Inc.
TierOne Bank
Tim Simko dba First United Lending
Timberland Mortgage Services, Inc.
Tippecanoe Mortgage, Inc.
Titan Funding
Titan Lenders Corp.
TLP Funding Corporation
TM Capital, Inc.
TMBG Inc
TNBank dba TNBank of Oak Ridge
Token Mortgage Corporation
Tomahawk Community Bank, SSB
Top Mortgage Corporation
Top Performers Financial Services, Inc.
Total Funding Corporation
Total Home Source, Inc
Total Mortgage Services, L.L.C.
Tower Mortgage and Financial Services Corp
Tower Mortgage Capital Inc., dba National Home Lenders
Tower Mortgage Corporation
Town & Country Bank
Town North Bank N.A.
Towne Mortgage Company
Townebank Mortgage
Townstone Financial, Inc.
TPI Mortgage, Inc.
Trade Street Mortgage Inc.
Trademark Mortgage LLC
Tradition Mortgage LLC
Tranex Financial, Inc.
Transcontinental Lending Group, Inc
TransLand Financial Services, Inc.
Transnational Financial Network, Inc.
Travis Mortgage, LLC
Treeside Financial, LLC
Tremont Credit Union
Triad Bank, N.A.
Tribeca Lending Corp.
Tri-County Bank
TriCounty Mortgage Corporation
Trident Mortgage Company
Triduanum Financial Inc
Trinity Mortgage Capital, Inc.
Trinity Mortgage Company of Central Florida, LLC dba Trinity
Trinity Mortgage Corporation
TrinityMac
Tristate Capital Bank
Tristone Community Bank
Triton Commercial Capital Incorporated
Triumph Funding, Inc.
True Lending Company, LLC
Truemark Lending, Inc
Truliant Federal Credit Union
Trust USA Mortgage Group
Trustmark National Bank
TrustMor Mortgage Company, LLC
Tucker Mortgage, LLC
Turner Mortgage Company
Turtle Creek Mortgage Inc.
TWA Corporation
Twin Capital Mortgage
Twin City Bank
Twin Star Credit Union
TXL Mortgage Corporation
U S Capital Home Loans Inc
U S DEPT OF HUD
U. S. Lending Group, Inc.
U.P. Catholic Credit Union
U.S. BANK AS DOCUMENT CUSTODIAN – ALL LOCATIONS
U.S. Bank as Trustee
U.S. Bank N.A.
U.S. BANK N.A. N.D. – CONSUMER FINANCE DIVISION
U.S. Bank National Associaton
U.S. Capital Funding, LLC
U.S. Financial LTD
U.S. Mortgage Corporation
U.S. Recordings, Inc.
UBS Home Finance
UBS Real Estate Investments Inc.
UBS Real Estate Securities Inc.
UBS Special Servicing Group
UBS Warburg Real Estate Securities Inc. (Warehouse)
Ulster Savings Bank
UM Acquisitions LLC
UMG Mortgage LLC
UMLIC VP LLC
UMPQUA
Unified Capital Group
Unifirst Mortgage Corp
Unifirst Mortgage Corp.
Unilenders, Inc.
UniMortgage LLC
Union Bank
Union Bank and Trust Company
Union Capital Mortgage
Union Capital Mortgage Business Trust
Union Federal Bank of Indianapolis.
Union Federal Bank of Indianapolis..
Union Federal Mortgage Corp.
Union Federal Mortgage Corporation
Union Federal Savings Bank
Union Fidelity Mortgage Inc
Union Home Mortgage LLC
Union Mortgage Group, Inc
Union Mortgage Group, Inc.
Union Mortgage Omaha Inc
Union National Mortgage Company
Union River Mortgage LLC
Union Savings Bank
Union State Bank of Everest dba Bank of Atchison
Union Trust Mortgage Corporation
United Bank
United Bank & Trust – Washtenaw
United Bank (VA)
United Bank Inc.
United Capital Financial of Atlanta, LLC
United Capital Mortgage Corporation
United Capital, Inc.
United Commercial Bank
United Community Bank
United Community Mortgage Corp.
United Community Mortgage Services Inc.
United Equity LLC
United Federal Credit Union
United Federal Mortgage a div. of United Medical Bank, FSB
United Fidelity Bank
United Fidelity Funding Corp.
United Financial Mortgage Corporation
United Funding Mortgage Corp.
United General Mtg Corp dba CLS Mtg a subsidary of UGMC
United Group Acquisition, LLC
United Guaranty Residential Insurance Company of N.C.
United Heritage Credit Union
United Home Mortgage
United Home Mortgage Corporation
United Lending Solutions LLC dba Home Lending Solutions
United Liberty Mortgage Corp.
United Mortgage Bankers, Inc.
United Mortgage Company – Washtenaw
United Mortgage Finance Group, Inc
United Mortgage Funding
United Mortgage Investors, Inc.
United Mutual Funding Corp
United Northern Mortgage Bankers
United Pacific Mortgage
United Pacific Mortgage as Vendor
United Pacific Mortgage DBA Mandalay Mortgage
United Prairie Bank
United Residential Lending LLC
United Security Financial
United Western Bank
UnitedOne Credit Union
Unitrust Mortgage, Inc.
Unity Mortgage Corp.
Universal American Mortgage Company, LLC
Universal Financial Group, Inc.
Universal Lending Corporation
Universal Lending Services, Inc.
Universal Mortgage & Finance, Inc.
Universal Mortgage Company, LLC
Universal Mortgage Corporation
University Bank
University Mortgage Inc.
University of Wisconsin Credit Union
Uniwest Mortgage Corporation
Unprime Securities Company LLC
Unversity Federal Credit Union
Uptown Mortgage
Urban Financial, Inc.
Urban Trust Bank
US Bank as Custodian/Trustee
US Bank National Association (Warehouse)
US Capital Financial Services, Inc dba Primestreet Lending,
US Employees O.C. Federal Credit Union
US Equity Mortgage, LLC
US Financial Funding Inc. dba US Financial
US Lending & Finance LTD
US Money Source, Inc. d/b/a Soluna First
US Mortgage Bankers Inc. dba USMB Inc
US Mortgage Capital Inc.
US Mortgage Corp.
US Mortgage Corporation dba Mortgage Concepts
US Mortgage Finance Corp
US Mortgage Group, LLC
US Mortgage Network
US New Mexico FCU
USA Bank
USA Funding Corp
USA Home Loans, Inc.
USA Mortgage Business Inc.
USA Mortgage Corporation
USAA Federal Savings Bank
USB Home Lending
USU Community Federal Credit Union
Utah Community Federal Credit Union
Utah Financial, Inc dba Federal Mortgage Funding
Utah Housing Corporation
Uvantage Home Lending Services, Inc.
V.I.P. Mortgage Inc.
Valley Bank
Valley Bank of Helena
Valley Mortgage Solutions LLC
Valley National Bank
Valley National Bank (OK)
Valley View State Bank
Valley Vista Mortgage Corporation
Valley West Corporation DBA Valley West Mortgage
Valley Wide Home Loans
Vanderbilt Mortgage & Finance, Inc
VanDyk Mortgage Corporation
Vanguard Funding LLC
Vanguard M & T, Inc.
Vanguard Mortgage Corporation
VantageSouth Bank
Vantium Capital Markets, L.P.
Vantium Capital, Inc., d/b/a Acqura Loan Services
Vaughan Financial Mortgage Group, Inc.
VCH – 1998-A (Wells Fargo as Trustee)
VCH – 1999-A (Wells Fargo as Trustee)
VCH – 2003-A (Wells Fargo Bank of Minnesota, N.A as Trustee)
VCH – Beethoven (Dresdner as Lender)
VCH -Alpine (Credit Suisse First Boston as Lender)
Vectra Bank Colorado
Vendor/RFC
Venta Financial Group, Inc.
Venture Bank
Venture Financial Services
Venture One Mortgage Corporation
Veridian Credit Union
Veritas Funding LLC
Veritas In Commercium LLC
Verity Credit Union
Vertical Financial Group
Vertical Lend dba Mortgage Warehouse
Verus Bank, NA
Veterans Home Mortgage Inc.
Victoria Capital Inc dba Victoria Funding Services
Victorian Finance LLC
Vieux Carre Mortgage
Viewpoint Bank
ViewPoint Bank (Warehouse)
Viewpoint Bankers Mortgage
Vigilant Federal Savings Bank
Vigio Lending Corp.
Viking Capital
Village Bank Mortgage Corporation
Village Capital & Investment, LLC DBA Village Home Mortgage
Village Mortgage Company
Vinson Mortgage Services, Inc. dba Vinson Mortgage Group
Vintage Hills Mortgage Corporation
Vintage Mortgage Corporation
Vintage Mortgage Group
VIP Mortgage Corporation
VIP Mortgage Inc.
VIP Mortgage Solutions, LLC
Virgin Money USA, Inc.
Virginia Credit Union Inc.
Virginia Heritage Bank
VirtualBank Seniors Lending Group
Visalia Community Bank
Vision Bank
Vision Mortgage Company, Ltd. dba Vision Mortgage Company
Vision Mortgage LLC
Vision Mortgage Professionals Inc.
Vision Mortgage Resources, Inc.
Vision One Mortgage, Inc.
Vision, Inc.
VISIONBank
VIST Bank
Vista Mortgage Corp.
Vista Mortgage Corporation
Vista Mortgage Services, Inc.
Vitek Mortgage Group
Volunteer Mortgage Lenders Inc
Volunteer Trust Mortgage Corporation
Voorhees Ventures, Inc.
W J Capital Corporation
W. R. Clouse & Associates Mortgage Company
W.J. Bradley Mortgage Capital Corp.
W.M. Howard Inc.
W.R. Starkey Mortgage LLC
W/E Mortgage Services Inc.
Wachovia Bank National Association
Wachovia Bank, NA as Trustee
Wachovia Correspondent Warehouse Lending
Wachovia Mortgage Corporation
Wachovia Mortgage Corporation – Winston-Salem
Wachovia Mortgage, FSB
Wachovia Mortgage, FSB (CP)
Wachovia Securities
Wachusett Mortgage Corporation
Wahlstrom Financial Group
Walker Jackson Mortgage Corp.
Wall Street Financial Corporation
Wall Street Mortgage Bankers, Ltd.
Wallick and Volk
Walter Mortgage Company
Walton Mortgage
Wantland Realty Corporation DBA WRC Mortgage
Ward Lending Group, LLC
Warehouse Lender #1005308
Warehouse USA Capital, Inc.
Warren Bank Mortgage Company, LLC
Wasatch Capital Mortgage, Inc
Washington Financial Group, Inc.
Washington Mutual Bank (Interim Funder)
Washington Mutual Bank (vendor)
Washington Mutual Bank, F.A.
Washington Mutual Mortgage Securites Corp.
WashingtonFirst Bank
Washtenaw Mortgage Company
Waterfall Victoria Master Fund 2008 – 1 Grantor Trust Servic
Waterfall Victoria Master Fund Ltd
Waterfall Victoria REO, LLC
Watermark Credit Union
Watermark Financial Partners, Inc.
WaterStone Bank SSB
Waterstone Mortgage Corp.
Watson Group Financial Corporation
Watson Mortgage Corp.
Waukesha State Bank
Waukesha State Bank (WI)
Wausau Mortgage Corporation dba Broadstreet Mortgage
WCRSI 2007-3 LLC
WCS Funding Group Inc.
WCS Lending LLC
Weatherford National Bank
Webster Bank
WEBTD.com, Inc.
Weger Mortgage Corporation
WEI Mortgage Corp
Weichert Financial Services
Welcome Home Finance, LP
Welcome Home Loans, Inc.
Welcome Home Mortgage Inc
Wells Bank of Platte City
Wells Fargo – Acquisition
Wells Fargo as Trustee
Wells Fargo Bank, NA dba Wells Fargo Home Equity
Wells Fargo Foothill, LLC dba Lender Finance Division
Wells Fargo Home Mortgage a Division of Wells Fargo Bank NA
Wells Fargo Mortgage Document Custody
Wendover as SubServicer for Chase
Wendover Financial Services
WesBanco Bank, Inc.
West Alabama Bank & Trust
West Coast 2007-1 LLC
West Coast 2008-1, LLC
West Coast 2008-3, LLC
West Coast 2008-4, LLC
West Coast Bank
West Coast Realty Services, Inc.
West Coast Servicing, Inc.
West Community Credit Union
West Gate Bank
West Michigan Bank & Trust
West Penn Financial Service Center, Inc.
West Suburban Bank
West Town Savings Bank
WestAmerica Mortgage Company
Westbridge Bank and Trust dba Westbridge Mortgage
Westbury Bank
Western Estates, Inc.
Western Fidelity Mortgage Company
Western Financial LLC dba American Guaranty Mortgge
Western Horizon Mortgage
Western Mortgage Brokers Inc dba Western Mtg Bankers Inc.
Western Mortgage Corporation
Western Ohio Mortgage Corporation
Western Reliance Funding Group
Western Reserve Bank
Western Residential Mortgage Inc
Western Security Bank
Western State Bank
Western States Mortgage Corporation
Western Thrift & Loan
Western Vista FCU
Western World Financial
Westfield Bank FSB
Westlend Financing Inc dba American Capital Funding Inc
Westminster Mortgage Co. a Division of Shapell Industries
Westsound Bank dba Westsound Mortgage
Weststar Mortgage Corporation
WestStar Mortgage, Inc.
WFS Mortgage Services Inc.
Whidbey Island Bank
Whitney National Bank
Whitney National Bank (fka Access Mortgage)
Whitney National Bank (fka Parish National Bank)
Wholesale America Mortgage, Inc.
Wholesale Capital Corporation
Wiedman Mortgage, Inc.
Wieland Financial Services, Inc.
Wilber National Bank
William M. Perlmotter dba Executive Mortgage Lenders
William Raveis Mortgage, LLC
Willow Bend Mortgage
Willow Financial Bank
Wilmington Finance, Inc.
Wilmington Mortgage Services Inc
Wilshire Credit Corp.
Wilson & Muir Bank and Trust Company
Wilson Mortgage Services, Inc.
Wilson Resources, Inc.
Windermere Mortgage Services Series LLC a DE Series LLC
Windom Capital Inc. dba Windom Mortgage
Windsor Capital Mortgage
WinStar Mortgage Partners Inc. sub of Partner Loan Services
Wisconsin Mortgage Corporation
WM Specialty Mortgage LLC
WMC Mortgage Corp. Minnesota
WMC Mortgage Corporation
WMD Realty, Inc.
Wolfe Financial, Inc. dba Integrity Mortgage Group
Wolters Kluwer Financial Services
Wood & Huston Bank dba Wood & Huston Bancorporation Inc
Woodfield Planning Corporation
Woodforest National Bank dba Woodforest Mortgage Company
Woodland Mortgage Partners, Inc
Woodlands Bank
World Alliance Financial Corp
World Capital Mortgage, LP
World Group Mortgage, LLC
World Mortgage Corporation of Miami
World Mortgage Group, Inc.
World Wide Credit Corporation
World Wide Financial Services, Inc.
World Wide Mortgage Group, Inc.
Worldwide Financial Resources, Inc.
Worthington Federal Bank
Worthington Mortgage Group, Inc.
Wow Financial Inc
Wow Financial LLC dba Advanced Mortgage Concepts
Wright Financial Inc
Wright-Patt Credit Union, Inc.
Wyman Funding Group Inc.
Wyndham Capital Mortgage, Inc.
Wyoming Bank & Trust
Wyoming State Bank
Xenia Financial LLC
Xetus Corp.
Xtra Mile Financial Services, LLC
Yale Financial Group, Inc.
York Financial Inc.
Your Best Rate Financial, LLC
Your Community Bank
Your Mortgage Company, LLC
Your Mortgage Source LLC
Your Mortgage Source, Inc.
Yvonne K Yung Kwan Chau DBA YKC Mortgage
Z.T.F. LLC dba At Home Mortgage Group
Zeus Mortgage Ltd
Zino Financial, Inc.
Zions First National Bank
Z-Mortgage Company, L.L.C.

Filed under: bubble, CDO, CORRUPTION, education, Eviction, foreclosure, foreign relations, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: audit, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, fraud, lender, lost note, Mortgage, predatory lending, quiet title, rescission, RESPA, RICO, securitization, TILA, TILA audit, trustee, Wells Fargo | 19 Comments »

Appraisal Fraud and Industry Standards Described in 2003 Official White Paper-RED FLAGS DESCRIBED IN DETAIL WITH EXCELLENT DIAGRAMS EXPLANATIONS AND DESCRIPTIONS OF BEST PRACTICES

Posted on January 9, 2009 by Neil Garfield

loan_origination_mortgage_fraud_ffiec

loan_origination_mortgage_fraud_prevention_response_nelson

Red Flags

• Critical loan processing activities, such as verification of

income, employment, or deposit, is delegated to brokers.

• Delegated underwriting allowed for correspondents that are new or

lack an established track record with the FI.

• A growing number of loans is being repurchased due to

misrepresentations by the FI under purchase and sale agreements

with secondary market investors. The originating FI may suffer

significant financial losses in the event of a large and

unforeseen fraud.

• Third party mortgage loan fraud is not covered in standard

fidelity bond insurance.

• Tax returns show RE taxes paid but no property is identified as

owned.

• Alimony is paid but not disclosed.

• Evidence of white out or other document alterations is observed.

• Type or handwriting varies from other loan file documents or

handwriting is the same on documents that should have been

prepared by different people or entities.

Internal Controls/Best Practices
√
Review purchase and sales agreements with brokers, correspondents,
and secondary market investors to determine if general
representations and warranties contain appropriate fraud and
misrepresentation provisions.
√
Determine the FI’s responsibility for repurchasing and putting
back loans that were funded based on misrepresentations.
√
Check whether an endorsement or rider exists to the fidelity bond
that provides coverage of third party mortgage fraud.
√
Regularly document the FI’s review of insurance coverage.
√
Establish procedures to ensure the bonding company is notified of
a possible claim within the policy’s specified period.
√
Adopt detailed policies and procedures to ensure effective
controls are in place to set, validate, and clear conditions prior
to final approval processes.
√
Base underwriter compensation on loans reviewed and not loans
approved.
√
Establish effective pre-funding and post QC programs that include
sampling, portfolio analysis, appraisal, and income/down payment
verification practices.
√
As a part of the pre-funding QC process, use AVMs to corroborate
appraised values.
√
Employ internally developed or vendor-provided fraud detection
software.
√
Institute corporate wide fraud awareness training.
√
Perform due diligence of brokers and correspondents. Understand
the risks in their policies, procedures, and practices before
transacting business.
√
Determine how and when the FI reserves for fraud and ensure
compliance with FAS 5.
√
Review the FI’s litigation roster for existing and potential class
actions, and threatened litigation that may highlight a problem
with a particular broker, correspondent, or internal practices.
√
Review whistleblower and hot line reports, which may indicate
fraudulent activities.

Mortgage Brokers

A mortgage broker is an individual who, for a fee, originates and

places loans with an FI or an investor but does not service the

loan.

o Review the broker’s financial information as stringently
as for other RE borrowers.
o Ensure the FI’s broker agreements require brokers to act
as the FI’s representative/agent.
o Independently verify the broker’s background information
by checking business history outside of given references.
o Obtain a new credit report for the broker and check for
recent debt at other FIs.
o Obtain resumes of principal officers, primary loan
processors, and key employees.
o Conduct state license verification.
o Conduct criminal background checks and adverse data base
searches, i.e., MARI (fraud repository).
√
Conduct an annual re-certification of brokers.
√
Conduct pre-funding reviews on all new production utilizing a pre-
funding checklist.
√
Conduct QC underwriting reviews.
√
Base broker compensation incentives on something other than loan
volume, i.e., credit quality, documentation completeness,
prepayments, fraud, and compliance.
√
Establish measurable criteria that trigger recourse to the broker,
such as misrepresentation, fraud, early payment defaults, failure
to promptly deliver documents, and prepayments (loan churning).
√
Hold brokers and third party contract underwriters responsible for
gross negligence, willful misconduct, and errors/omissions that
materially restrict salability or reduce loan value.
√
Establish a broker scorecard to monitor volume, prepayments,
credit quality, fallout, FICO scores, LTVs, DTIs, delinquencies,
early payment defaults, foreclosures, fraud, documentation
deficiencies, repurchases, uninsured government loans, timely loan
package delivery, concentrations, and QC findings.
√
Perform detailed vintage analysis, and track delinquencies and
prepayments by number and dollar volume.
√
Closely monitor the total number of loans and products from a
single broker.
√
Establish an employee training program that provides instruction
on understanding common mortgage fraud schemes and the roles of a
mortgage broker, as well as recognizing red flags.
√
Establish a periodic audit of the brokered mortgage loan
operations with specific focus on the approval process.
√
Perform social security number validation procedures to validate
borrower identity.

Red Flags

• No attempt is made to determine the financial condition of the

broker or obtain references and background information.

• A close relationship exists between the broker, appraiser, and

lender, raising independence questions.

• The broker acts as an advocate for the borrower instead of serving

as the FI’s representative/agent.

• High “yield spread premiums” are paid by the FI.

• Original documents are not provided to the funding FI within a

reasonable time.

• An unusually high volume of loans with maximum loan to value

limits have been originated by one broker.

• An uncommonly large number of foreclosures, delinquencies, early

payment defaults, prepayments, missing documents, fraud, high-risk

characteristics, QC findings, or compliance problems exist on

loans purchased from any broker.

• A large volume of loans from one broker arrives using the same

appraiser.

• High repurchase volume exists for a specific broker.

• Numerous applications from a particular broker are provided

possessing unique similarities.

• A high volume of loans exist in the name of trustees, holding

companies, or offshore companies.

• An unusually large increase is noted in overall volume of loans

during a short time period.

Internal Controls/Best Practices5

√

Conduct an initial acceptance review and obtain documentation to

support broker approval. Examples of actions to be taken include:

Application

The mortgage application is the initial document completed by the
borrower that provides the FI with comprehensive information
concerning the borrower’s identity, financial position and
employment history.

Red Flags

•
The application is unsigned or undated.
•
Power of attorney is used. Investigate why the borrower cannot
execute documents and if formal supporting documentation exists.
•
Signatures on credit documents are illegible and no supporting
identification exists.
•
Price and date of purchase is not indicated.
•
Borrower is selling his current residence, but does not provide
documents to support a sale.
•
Down payment is not in cash, i.e., source of deposit is a
promissory note or repayment of a personal loan.
•
Borrower has high income with little or no personal property.
•
Borrower’s age is not consistent with the number of years of
employment.
•
Borrower has an unreasonable accumulation of assets compared to
income or has a large amount of unsubstantiated assets.
•
Borrower claims to have no debt.
•
Borrower owns an excessive amount of RE.
•
New housing expense exceeds 150% of current housing expense.
•
A post office box is the only indicated address for the borrower’s
employer.
•
The same telephone number is used for the borrower’s home and
business.
•
Application date and verification form dates are not consistent.

•
Patterns or similarities are apparent from applications received
from a specific seller or broker.
•
Certain brokers are unusually active in a soft RE market.
•
Concentration of loans to individuals related to a specific
project is noted.
•
Borrower does not guarantee the loan or will not sign in an
individual capacity.
•
Borrower’s income is not consistent with job type.
•
Employer is an unrealistic commuting distance from property.
•
Years of education is not consistent with borrower’s profession.
•
Borrower is buying investment properties with no primary
residence.
•
Transaction resulted in a large cash-out refi as a percent of the
loan amount.

Internal Controls/Best Practices
√
Establish an employee training program that provides instruction
on understanding common mortgage fraud schemes and recognizing red
flags.
√
Conduct pre-funding reviews on new production.
√
Closely monitor new brokers, correspondents, and products.
Scorecard criteria can be used to track performance. Typical
tracking data includes: default rates, pre-purchase cycle times,
loan quality indicators such as underwriting exceptions, and key
data changes prior to approval.
√
Verify the source of down payment funds by directly contacting the
FI where funds are shown deposited.
√
Closely analyze the borrower’s financial information for unusual
items or trends.
√
Independently verify employment by researching the location and
phone number of the business.
√
Employ pre-funding and post-closing reviews to detect any
inconsistencies within the transaction.
√
Conduct risk based QC audits prior to funding.
√
Ensure that prior liens are immediately paid from new loan
proceeds.
√
Assess the volume of critical post-closing missing documents,
determine the potential for repurchase recourse, and evaluate
reserve adequacy.
√
Monitor RE markets from the locale in which the FI’s mortgage
loans originated.
√
Establish a periodic independent audit of mortgage loan
operations.
√
Provide fraud updates/alerts to employees.

√
Review patterns on declined loans, i.e., individual social
security number, appraiser, RE agent, loan officer, broker, etc.
√
Establish a fraud hotline for anonymous fraud tips.
√
Increase the use of original supporting documentation on third
party transactions, i.e., wholesale and correspondent
originations.

Appraisals

An appraisal is a written report, independently and impartially
prepared by a qualified individual, stating an opinion of market
value of a property as of a specific date.

Red Flags
•
The appraiser is a frequent or large volume borrower at the FI.
•
The appraiser owns property in the project being appraised. This
is a violation of the appraisal regulation and raises concerns
about appraiser independence and bias.
•
The most recent assessed tax value does not correlate with the
appraisal’s market value.
•
An appraiser is used who is not on the institution’s designated
list of approved appraisers.
•
The appraiser is from outside the area and may not be familiar
with local property values. Understanding of local market nuances
is critical to an accurate property valuation.
•
An appraisal is ordered by a party to the transaction other than
the FI, such as the buyer, seller, or broker.
•
An appraisal is ordered before the sales contract is written.
•
Certain information is left blank such as the borrower, client, or
occupant.
•
The appraised value is contingent upon curing some property
defects, i.e., drainage problems or a zoning change.
•
Comparables are not verified as recorded or are submitted by a
potentially biased party, such as the seller or broker.
•
Old comparables (9-12 months old) are used in a “hot” market.
•
Comparables are an excessive distance from the subject property or
are not in the subject property’s general area.
•
Comparables all contain similar value adjustments or are all
adjusted in the same direction.
•
All comparables are on properties appraised by the same appraiser.
•
Unusual or too few comparables are used.
•
Similar comparables are used across multiple transactions.
•
Comparables and valuations are stretched to attain desired loan-
to-value parameters.

•
Excessive adjustments are made in an urban or suburban area when
the marketing time is less than six months.
•
Appreciation is noted in a stable or declining areas.
•
Large unjustified valuation adjustments are shown.
•
The land constitutes a large percentage of the value.
•
The market approach greatly exceeds the replacement cost approach.
•
Overall adjustments are in excess of 25%.
•
Photos do not match the description of the property.
•
Photos of comparables look familiar.
•
Photos reveal items not disclosed in the appraisal, such as a
commercial property next door, railroad tracks, etc.
•
Items with the potential for negative valuation adjustments, i.e.,
power lines, railroad tracks, landfill, etc., are avoided in
appraisal photos.
•
Loan amounts are disclosed to the appraiser.
•
File documentation is inadequate to determine whether appraisals
were properly scrutinized or supported by additional appraisal
reviews.
•
The appraisal fee is based on a percentage of the appraised value.
•
Independent reviews of external fee appraisals are never
conducted.
•
One or more sales of the same property has occurred within a
specified period (6-12 months) and exceeds certain value increases
(10% or more value increase).
•
A fax of the appraisal is used in lieu of the original containing
signature and certification of appraiser.

Internal Controls/Best Practices
√
Establish an employee training program that provides a good
overview of common mortgage fraud schemes, the appraisal
regulation, the RE lending standards regulation, appraisal
techniques, and red flag recognition.
√
Implement a strong appraisal and evaluation compliance review
process that is incorporated into the pre-funding quality
assurance program.
√
Ensure reviewers identify violations of regulations and
noncompliance with RE lending standards and other interagency
guidance.
√
Establish an approved appraiser list for use by retail, broker,
and correspondent origination channels. This list should be
generated and controlled by a unit independent of production.
√
Obtain a current copy of each appraiser’s license or certificate.
√
Implement “watch” list and monitoring systems for appraisers who
exhibit suspect practices, issues, and values. Include a post-
closing review to detect any transaction inconsistencies.

√
Establish a “suspended” or “terminated” list of appraisers who
have provided unreliable valuations or improper practices.
√
Implement controls to ensure that “terminated” appraisers are
prohibited from engaging in future transactions with the FI, and
its brokers and correspondents.
√
Implement third party appraisal controls to ensure compliance with
regulatory guidance, specifically as it applies to appraisals and
evaluations ordered by loan brokers, correspondents, or other FIs.
√
Develop appraisal requirements based on transaction risks.
√
Statistically test the appropriateness of appraisals obtained by
brokers and correspondents by obtaining independent AVMs and
appraisals.
√
Establish an independent appraisal review/collateral valuation
unit to research valuation discrepancies and provide technical
oversight.
√
Review the appraisal’s three-year sales history to determine if
land flips are occurring.
√
Perform detailed research on each appraiser’s business history and
financial condition.
√
Physically verify the location and condition of selected subject
properties and comparables.
√
Monitor RE market values in areas that generate a high volume of
mortgage loans and where concentrations exist.
√
Employ pre- and post-closing QC reviews to detect inconsistencies
within the transaction and hold production units financially
accountable for proper documentation and quality.
√
Conduct periodic independent audits of mortgage loan operations.

Credit Report

A credit report is an evaluation of an individual’s debt repayment
history.

Red Flags
•
The absence of a credit history can indicate the use of an alias
and/or multiple social security numbers.
•
A borrower recently paying all accounts in full can indicate an
undisclosed consolidation loan.
•
Indebtedness disclosed on the application differs from the credit
report.
•
The length of time items are on file is inconsistent with the
buyer’s age.
•
The borrower claims substantial income but only has credit
experience with finance companies.
•
All trade lines were opened at the same time with no explanation.

•
A pattern of delinquencies exists that is inconsistent with the
letter of explanation.
•
Recent inquiries from other mortgage lenders are noted.
•
AKA (also known as) or DBA (doing business as) are indicated.
•
The borrower cannot be reached at his place of business.
•
FI cannot confirm the borrower’s employment.
•
DTI ratios are right at maximum approval limits.
•
Employment information/history on the loan application is not
consistent with the verification of employment form.
•
Credit Bureau alerts exist for Social Security number
discrepancies, address mismatches, or fraud victim alerts.

Internal Controls/Best Practices
√
Establish an employee training program that provides instruction
on understanding common mortgage fraud schemes, analyzing credit
reports, and recognizing red flags.
√
Include an analysis of the credit report in the pre-funding
quality assurance program.
√
Make direct inquiries to the borrower and creditors to get an
explanation of unusual or inconsistent information.
√
Obtain an updated credit report if the one received is older than
six months.
√
Independently verify employment by researching the location and
phone number of business.
√
Implement a post-closing review to detect any inconsistencies
within the transaction.
√
Establish a periodic independent audit of mortgage loan
operations.
√
Define DTI calculation criteria and conduct training to ensure
consistency and data integrity.
√
Clarify non-borrower spouse issues, such as community property
issues and the impact of bankruptcy and debts on the borrower’s
repayment capacity.
√
Ensure lease obligations are reflected in borrower debts and
repayment capacity.
√
Conduct re-verification of credit to ensure accuracy of
broker/correspondent provided credit reports.
√
Obtain more than one report from multiple repositories available
to corroborate the initial credit report if data appears
questionable.

Escrow/Closing

A closing or settlement is the act of transferring ownership of a
property from seller to buyer in accordance with the sales contract.

Escrow is an agreement between two or more parties that requires
certain instruments or property be placed with a third party for
safekeeping, pending the fulfillment or performance of a specific
act or condition.

Red Flags
•
Related parties are involved in the transaction.
•
The business entity acting as the seller may be controlled by or
is related to the borrower.
•
Right of assignment is included which may hide the borrower’s
actual identity.
•
Power of attorney is used and there is no documented explanation
about why the borrower cannot execute documents.
•
The buyer is required to use a specific broker or lender.
•
The sale is subject to the seller acquiring title.
•
The sales price is changed to “fit” the appraisal.
•
No amendments are made to escrow.
•
A house is purchased that is not subject to inspection.
•
Unusual amendments are made to the original transaction.
•
Cash is paid to the seller outside of an escrow arrangement.
•
Cash proceeds are paid to the borrower in a purchase transaction.
•
Zero funds are due from the buyer.
•
Funds are paid to undisclosed third parties indicating that there
may be potential obligations by these parties.
•
Odd amounts are paid as escrow deposits or down payment.
•
Multiple mortgages are paid off.
•
The terms of the closed mortgage differ from terms approved by the
underwriter.
•
Unusual credits or disbursements are shown on settlement
statements.
•
Discrepancies exist between the HUD-1 and escrow instructions.
•
A difference exists between sales price on the HUD-1 and sales
contract.

Internal Controls/Best Practices
√
Establish an employee training program that provides an
understanding of common mortgage fraud schemes, proper closing
procedures, and recognizing red flags.
√
Provide the closing agent with instructions specific to each
mortgage transaction.
√
Instruct the closing agent to accept certified funds only from the
FI that is the verified depository.
√
Require the closing agent to notify the FI if the agent has
knowledge of a previous, concurrent, or subsequent transaction
involving the borrower or the subject property.

√
Obtain a specific transaction closing protection letter from the
closing agent.
√
Implement controls to ensure loan proceeds fully discharge all
debts and prior liens as required.
√
Employ pre- and post-closing reviews to detect any inconsistencies
within the transaction.
√
Conduct periodic independent audits of mortgage loan operations.
√
Use IRS form 4506 on all loans to facilitate full investigation of
future fraud allegations.

Industry studies indicate that a significant portion of the loss
associated with residential RE loans can be attributed to fraud.
Industry experts estimate that up to 10% of all residential loan
applications, representing several hundred billion dollars of the
annual U.S. residential RE market, have some form of material
misrepresentation, both inadvertent and malicious. An in-depth
review by The Prieston Group of Santa Rosa, California of early
payment defaults, an indicator of problem loans, revealed that 45-
50% of these loans have some form of misrepresentation.
Additionally, this study showed that approximately 25% of all
foreclosed loans have at least some element of misrepresentation,
and losses on floan balance.

The second motive, fraud for profit, is a major concern for the
mortgage lending industry. It often results in larger losses per
transaction and usually involves multiple transactions. The schemes
are frequently well planned and organized. There may also be intent
to default on the loan when the profit from the scheme has been
realized. Multiple loans and people may be involved and
participants, who are often paid for their involvement, do not
necessarily have knowledge of the whole scheme.

Fraud for profit can take many forms including, but not limited to:
•
Receipt of an undisclosed or unusually high commission or fee,
•
Representation of investment property as owner-occupied since
FIs usually offer more favorable terms on owner-occupied RE, •
Sale of an otherwise unsalable piece of property by concealing
undesirable traits, such as environmental contamination,
easements, building restrictions, etc.,
•
Attainment of a new loan to redeem a property from foreclosure
to relieve a burdensome debt,
•
Rapid buildup of a RE portfolio with an inflated value to
perpetrate a land flip scheme,
•
Mortgage of rental RE with the intention of collecting rents
and not making payments to the lender, retaining funds for
personal use,
•
The advance of loan approvals for customers to benefit from the
commission payments, and/or
•
Misrepresentation of personal identity, i.e., use of illegally
acquired social security numbers, to illegally obtain a loan,
or to sell/take cash out of equity on a property with no
intention of repaying the debt.

The third motive, which involves additional criminal purposes beyond
fraud, is becoming more of a concern for law enforcement and FIs.
This involves taking the profit motive one step further by applying
the illegally obtained funds or assets to other crimes, such as:
•
Money laundering through purchase of RE, most likely with cash,
at inflated prices,
•
Terrorist activities such as the purchase of terrorist safe
houses and,
•
Other illegal activities like prostitution, drug sales or use,
counterfeiting, smuggling, false document production and
resale, auto chop shops, etc.

PARTICIPANTS

It is important to be aware of the different participants and
transaction flows to understand the fraud schemes described in this
paper. This section provides background information on various
participants and their roles in typical mortgage transactions.

Participants

Common participants in a mortgage transaction include, but are not
limited to:
•
Buyer – a person acquiring the property,
•
Seller – a person desiring to convert RE to cash or another
type of asset,
•
Real Estate Agent – an individual or firm that receives a
commission for representing the buyer or seller, •
Originator – a person or entity, such as a loan officer,
broker, or correspondent, who assists a borrower with the loan
application,
•
Processor – an individual who orders and/or prepares items
which will be included in the loan package,
•
Appraiser – a person who prepares a written valuation of the
property,
•
Underwriter – an individual who reviews the loan package and
makes the credit decision,
•
Warehouse Lender – a short term lender for mortgage bankers
that provides interim financing using the note as collateral
until the mortgage is sold to a permanent investor, and
•
Closing/Settlement Agent – a person who oversees the
consummation of a mortgage transaction at which the note and
other legal documents are signed and the loan proceeds are
disbursed.

Refer to Appendix A – Glossary for additional and expanded
definitions for participants and other terms used throughout this
paper.

Mortgage Loan Purchased from a Correspondent – In this transaction,
the borrower applies for and closes his loan with a correspondent of
the FI, which can be a mortgage company, small depository
institution, or finance company. The correspondent closes the loan
with internally generated funds in its own name or with funds
borrowed from a warehouse lender. Without the capacity or desire to
hold the loan in its own portfolio, the correspondent sells the loan
to an FI. The purchasing FI is frequently not involved in the
origination aspects of the transaction, and relies on the
correspondent to perform these activities in compliance with the
FI’s approved underwriting, documentation, and loan delivery
standards. The purchasing FI reviews the loan for quality prior to
purchase. The purchasing FI must also review the appraisal or AVM
report and determine that it conforms to the appraisal regulation
and is otherwise acceptable. The loan can be booked in the FI’s own
portfolio or sold.

In “delegated underwriting” relationships, the FI grants approval to
the correspondent to process, underwrite, and close loans according
to the FI’s processing and underwriting requirements. The FI is
then committed to purchase those loans. Obviously, proper due
diligence, controls, approvals, QC audits, and ongoing monitoring
are warranted for these higher risk relationships.

Financial institutions that generate mortgage loans through
correspondents should have adequate policies, procedures, and
controls to address: initial approval and annual re-certification,
underwriting, pre-funding and QC reviews, repurchases, early
prepayments, appraisals, quality and documentation monitoring,
fraud, scorecards, timely delivery of loan packages, and utilization
of contract underwriters. In addition, FIs should have contractual
agreements to demand and enforce repurchase proceedings and other
disciplinary actions with correspondents delivering loans outside of
product and other contractual agreements.
THIRD PARTY MORTGAGE FRAUD MECHANISMS

There are a variety of mechanisms by which third party mortgage loan
fraud can take place. Various combinations of these mechanisms may be implemented in a single fraud. Some of these mechanisms and
their uses are described in this section.

Collusion

Collusion involves two or more individuals working in unison to
implement a fraud. Various third parties may conspire to perpetrate
a fraud against an FI with each generally contributing to the plan.
Each person performs his respective role and receives a portion of
the illicit proceeds. Often, but not always, third parties recruit
or bribe FI employees to take part in the scheme. The scheme may
also include additional parties not involved in the planning or
aware of all participants, but who are still part of the plan’s
execution.

Documentation Misrepresentation

Mortgage fraud is generally achieved using fictitious, forged, or
altered documents needed to complete a transaction. Pertinent
information may also be omitted from documents. The following
describes some key documents and ways they can be altered to
perpetrate fraud.

Loan Application – The application captures information needed
for an FI to make a credit decision based on the borrower’s
qualifications such as financial capacity. It may include
false information regarding the identity of the buyer or
seller, income, employment history, debts, or current occupancy
of the property. The information on the final application may
have been altered and be materially different than that
provided on the initial application.

Appraisal – An appraisal is a written statement that should be
independently and impartially prepared by a qualified
practitioner setting forth an opinion of the market value of a
specific property as of a certain date, supported by the
presentation and analysis of relevant market information. It
is an integral component of the collateral evaluation portion
of the credit underwriting process.

An appraisal is fraudulent if the appraiser knowingly intends
to defraud the lender and/or profits from the deception by
receiving more than a normal appraisal fee. This includes
accepting a fee contingent on a foregone conclusion of value,
or a guarantee for future business in response to the inflated
value. The appraiser may inflate comparable values or falsify
the true condition of the property, which can allow the
defrauder to obtain a larger loan than the property legitimately supports. An appraisal that does not include
negative factors affecting the property value can influence the
FI to enter into a transaction that it normally would not
approve. The defrauder may use comparables that are outdated,
fictitious, an unreasonable distance from the subject property,
or materially different from the subject property. Photos
represented to be of the subject property may be of another
property. Inflated appraisal values create high loss potential
and contribute to an FI’s losses at the time of foreclosure or
sale.

Credit Report – This document contains an individual’s credit
history which is used to analyze an individual’s repayment
patterns and capacity. Credit histories can be forged or
altered through various methods to repair bad credit or create
new credit histories. Fraudsters can also use the credit
report of an unknowing individual who has a good credit record.
Perpetrators have been known to scan and alter illegally
obtained legitimate credit reports that are then printed and
used as originals. Copiers can be similarly used to produce
fictitious or altered credit reports. Fraudsters have used
computers to hack into credit bureau files and have purchased
credit bureau computer access codes from persons who work for
legitimate businesses.

Alternate credit reference letters are often used for
applicants with limited or no traditional credit history. They
are usually in the form of a letter directly from a business
such as a utility, small appliance store, etc., to which the
applicant is making regular payments. These letters can be
easily altered or completely fabricated using the business’s
letterhead. As lenders expand to provide loans to more diverse
income levels, alternate credit references are becoming more
common.

Deed – A deed identifies the owner(s) of the property. It can
be altered to disguise the true property owner or the
legitimate owner’s signature can be forged to execute a
mortgage transaction. Alteration or forgery of this document
allows the fraudster to use a false identity to complete the
transaction.

Financial Information – This includes financial statements, tax
returns, FI statements, and income information provided during
the application process. Any of this data can be falsified to
enable the applicant to qualify for a mortgage loan.
Inadequate income and employment verification procedures may
allow mortgage loan fraudsters to deceive the FI regarding this information. Some perpetrators have been known to set up phone
banks to receive verification calls from FIs.

HUD-1 Settlement Statement – The HUD-1 accompanies all
residential RE transactions. This is a statement of actual
charges, adjustments, and cash due to the various parties in
connection with the settlement. Working alone or with
accomplices this document can be altered to defraud the parties
to the transaction. Information on the original HUD-1 may show
entities or persons not noted as lien holders but who still
receive payoffs from seller’s funds. These individuals may be
deleted from the final HUD-1 that is available for review prior
to loan closing. This enables individuals involved in the
fraudulent scheme to receive funds from the loan disbursement
without the FI being aware of such payments. The document may
show a down payment when none was made. The document may also
include the borrower’s forged signature.

Mortgage – A mortgage is a legal agreement that uses real
property as collateral to secure payment of a debt. In some
locales a deed of trust is used instead. A mortgage can be
altered to disguise the true property owner, the legitimate
lien holder, and/or the amount of the mortgage. Alteration or
forgery of this document allows the fraudster to obtain loan
proceeds meant for another party or in an amount that exceeds
the legitimate value of the property.

Quitclaim Deed – This is a document used to transfer the named
party’s interest in a property. The transferring party does
not guarantee that he has an ownership interest, only that he
is conveying the interest to which he represents he is
entitled. Fraud perpetrators may use this document to quickly
transfer property to straw or nominee borrowers without a
proper title search. Straw borrowers are discussed on page 17
under Third Party Mortgage Fraud Schemes. This technique can
disguise the true property owner and allow the mortgage
transaction to be completed quickly.

Title Insurance/Opinion – Either of these documents confirms
that the stated owner of the property has title to the property
and has the right to transfer ownership of that property. They
identify gaps in the chain of title, liens, problems with the
legal description of the property, judgments against the owner,
etc. Title insurance schedules or opinions can be altered to
change the insured FI or omit prior liens. This can be part of
the falsification that occurs when a perpetrator attempts to
obtain multiple loans from different FIs for one mortgage transaction. Alteration of title insurance or opinions occurs
in other fraud scenarios, as well.

Identity Theft

Identity theft means the theft of an individual’s personal
identification and credit information, which is used to gain access
to the victim’s credit facilities and FI accounts to take over the
victim’s credit identity. Perpetrators may commit identity theft to
execute schemes using fake documents and false information to obtain
mortgage loans. These individuals obtain someone’s legitimate
personal information through various means, i.e., obituaries, mail
theft, pretext calling, employment or credit applications, computer
hacking, and trash retrieval. With this information, they are able
to impersonate homebuyers and sellers using actual, verifiable
identities that give the mortgage transactions the appearance of
legitimacy.

Mortgage Warehousing

Mortgage warehousing lines of credit are used to temporarily
“warehouse” individual mortgages until the mortgage banker, who may
be acting as a broker, can sell a group of them to an FI. If a
dishonest mortgage banker has warehousing lines with two FIs, he can
attempt to warehouse the same mortgage loan on each line. The
individual FIs may not be aware of the other’s line. One FI may be
presented with the original documents, while the delivery of the
documents to the other FI is indefinitely delayed. The second FI
may fund the line without the documents if previous dealings with
the mortgage banker have been satisfactory. It is only after
transferring funds that the second lender realizes it has been
defrauded. The Mortgage Electronic Registry System (MERS) can also
be used as a valuable control tool.

The mortgage warehouse lender often relies on the mortgage banker’s
internal loan data regarding FICO, loan-to-value (LTV), debt-to-
income (DTI), appraised value, credit grade and aging, making them
vulnerable to fraud if the provided data is not accurate. The
mortgage warehouse lender should have proper procedures and controls
to provide ongoing monitoring, verification, and audits of the loans
under this line of credit. It may also want to consider scorecards,
due diligence, and customer identification policies and procedures.

Negligence

Negligence occurs when people who handle mortgage transactions are
careless or inattentive to the accuracy and details of the documents
or disregard established processing procedures. This often happens
when an FI is experiencing fast growth and uses temporary and part-time employees to process a large volume of mortgages without proper
controls or oversight. Inattention to detail provides perpetrators
with the opportunity to submit documents containing fraudulent
information with the probability that the fraud will not be
detected. Fraudsters may target FIs once they identify these
weaknesses.

THIRD PARTY MORTGAGE FRAUD SCHEMES

The purpose of this section is to describe some of the most
prevalent types of mortgage fraud that have resulted in significant
losses to FIs. Fraud schemes using one or more of the mechanisms
described earlier are limited only by the imagination of the
individuals who initiate them. The following scenarios are not
intended to be an all-inclusive list. Specific examples for most of
these schemes are detailed in Appendix C.

Appraiser Fraud

A person falsely represents himself as a State-licensed or State-
certified appraiser. Appraiser fraud also can occur when an
appraiser falsifies information on an appraisal or falsely provides
an inaccurate valuation on the appraisal with the intent to mislead
a third party or FI. Appraiser fraud is often an integral part of
some fraud schemes.

Double Selling

Double selling is a scheme wherein a mortgage loan broker accepts a
legitimate application, obtains legitimate documents from a buyer,
and induces two FIs to each fully fund the loan. In this scenario,
the originator leads each FI to believe that the broker internally
funded the loan for a short period. Since there is only one set of
documents, one of the funding FIs is led to believe that the proper
documentation will arrive any day. Double selling is self-
perpetuating because different loans must be substituted for the
ones on which documents cannot be provided to keep the scheme going.
Essentially, the broker uses a lapping scheme to avoid detection.

Another variation of double selling entails a mortgage loan broker
accepting a legitimate application and proper documentation, who
then copies the loan file, and presents both sets of documents to
two investors for funding. Under this scheme, the broker has to
make payments to the investor who received the copied documents or
first payment default occurs.
False Down Payment

Another third party mortgage fraud involves false down payments. In
this scenario, a borrower colludes with a third party, such as a
broker, closing agent, etc., to reflect an artificial down payment.
When this scheme is carried out with collusion by an appraiser, the
true loan-to-value greatly exceeds 100% and has the potential to
cause substantial loss to the FI.

Fictitious Mortgage Loan

A fictitious mortgage loan scheme is perpetrated primarily by
mortgage brokers, closing agents, and/or appraisers. In one version
of this scheme, the identity of an unsuspecting person is assumed in order to acquire property from a legitimate seller. The broker
persuades a friend or relative to allow the broker to use the
friend’s or relative’s personal credit information to obtain a loan.
The FI is left with a property on which it must foreclose and the
third parties pocket substantial fees from both the FI and buyer.
Straw Borrower

The straw borrower scheme involves the intentional disguising of the
true beneficiary of the loan proceeds. The “straw”, sometimes known
as a nominee, may be used to:
•
conceal a questionable transaction,
•
replace a legitimate borrower who may not qualify for the
mortgage or intend to occupy the property, or
•
circumvent applicable lending limit regulations by applying for
and receiving credit on behalf of a third party who may not
qualify or want to be contractually obligated for the debt.

The straw borrower scheme is accomplished by enticing an individual,
sometimes a friend or relative, to apply for credit in his own name
and immediately remit the proceeds to the true beneficiary. The
straw borrower may feel there is nothing wrong with this and fully
believes that he is helping the third party. He expects the
recipient of the loan proceeds to make the loan payments, either
directly or indirectly. The recipient may be unable to or may never
intend to make the payment. Over time, default would occur with the
FI initiating foreclosure proceedings. This scheme can involve FI
personnel, as well as other third party participants. The straw
borrower may or may not be paid a fee for his involvement or know
the full extent of the scheme.

In summary, millions of dollars have been lost because of the
mortgage fraud schemes described above. These schemes produce many
indicators that are apparent to an educated observer. The next
section identifies these red flags and provides best practices that
FIs can use to mitigate risk of loss.

RED FLAGS, INTERNAL CONTROLS, and BEST PRACTICES

Prudent risk management practices for third-party originated loans
are critical. Strong detective and preventive controls are an
integral part of a sound oversight framework, including adequate
knowledge of the FI’s customers. Knowledgeable, trained employees,
coupled with disciplined underwriting and proactive prevention
controls, are an FI’s best deterrent to fraud. Implementation of
strong controls does not prevent human errors or oversight failures,
but documentary evidence of QC measures taken by the FI can be a
useful defense against a repurchase request from an investor.

As a part of the exam process, examiners should assess actions taken
by the FI to document its controls over internal fraud, relative to
safe and sound FI practices and individual agency regulatory requirements. Examiners should also include Patriot Act and SAR
requirements in their evaluations.

The following list of red flags3, which is not intended to be all-
inclusive, may be used to identify and deter misrepresentations or
fraud. Other automated systems for fraud detection, if used in
conjunction with this list, are dependent on the quality of the
input and analysis of the output. The presence of any of these red
flags DOES NOT necessarily indicate that a misrepresentation or
fraud has occurred, only that further research may be necessary.

APPRAISAL GUIDANCE

Congress enacted Title XI of the Financial Institutions, Reform,
Recovery and Enforcement Act of 1989 (FIRREA) requiring member
agencies of Federal Financial Institutions Examination Council
(FFIEC) to issue RE appraisal regulations to address problems
involving faulty and fraudulent appraisals. One of the cornerstones
of the regulation was a requirement that a regulated financial
institution or its representative select, order, and engage
appraisers for federally related transactions to ensure
independence. The agencies’ expectations on this subject are stated
in an interagency statement dated October 27, 2003 entitled
Interagency Appraisal and Evaluation Functions. This statement
provides clarification of the various agencies’ appraisal and RE
lending regulations and should be reviewed in conjunction with them.

Specifically, the October 2003 statement primarily addresses the
need for appraiser independence. A regulated institution is
expected to have board approved policies and procedures that provide
for an effective, independent RE appraisal and evaluation program.
Basic elements of independence are discussed such as separation of
the function from loan production and engagement of the appraiser by
the institution, not the borrower. A written engagement letter is
encouraged. An effective internal control structure is also
necessary to ensure compliance with the agencies’ regulations and
guidelines. This includes a review process provided by qualified,
trained individuals not involved with loan production. The depth of
review should be based on the size, complexity, and other risk
factors attributable to the transactions under review. For the full
text of the October 27, 2003 statement please refer to Appendix G.

Filed under: bubble, CDO, CORRUPTION, education, Eviction, foreclosure, foreign relations, GTC | Honor, inflation, interest rates, Investor, Mortgage, securities fraud | Tagged: borrower, credit, disclosure, foreclosure defense, foreclosure offense, fraud, housing, Lender Liability, mortgage meltdown, predatory lending, quiet title, rescission, RESPA, securitization, TILA audit, trustee | 13 Comments »

EXCELLENT MERS ANALYSIS: ILLEGAL SCHEME TO AVOID/EVADE STATE LAW, TAXES, FEES, FINES, PENALTIES

Posted on January 8, 2009 by Neil Garfield

LOOK CAREFULLY AT EXHIBITS CONTAINING MERS ADVERTISING TO LENDERS LOOKING TO TRANSFER NOTES AND MORTGAGES

see mers-membership-information-reveals-index-to-securitization-and-investors-allegation-that-mers-is-authorized-or-even-nominal-beneficiary-is-false

washington-state-buse-vs-first-american-title-greenpoint-rescomm-mers-amended-complaint-well-written-look-carefully-at-exhibits-containing-mers-advertising-to-lenders-looking-to-tra

mers-explained-by-aurora-lawyers

exhibits-motion-and-temp-restraining-order-granted

From the attached amended complaint.

That Deed of Trust (“DOT”) contained a false representation on its face when it represented that Defendant MERS was a beneficiary under the DOT. Paragraph (E) States that “MERS is a separate corporation that is acting solely as a Nominee for Lender and Lender’s successors and assigns. MERS is the beneficiary under this Security Instrument.” As will be demonstrated below, MERS is NOT the beneficiary under the DOT, it never had ownership or possession of the Promissory Note which is the obligation which is secured by the DOT, and MERS has never been entitled to receive one cent of remuneration from Mr. Buse’s loan proceeds.The statement that MERS is the nominee is nonsensical language which means nothing in a real estate transaction and most certainly, MERS has never been nor is it now the beneficiary under the DOT. The language is a sham.

From MERS explained by Aurora Lawyers, Bold emphasis are my highlights.

A. The Residential Mortgage Market and Function of MERS

When a mortgage lender loans money to a home buyer, it obtains a promissory note in the form of a negotiable instrument from the borrower, as well as a mortgage instrument in the form of a deed of trust which is recorded in the county official records. The lender often does not continue to hold the note. Instead, the lender sells the note into the secondary mortgage market, most often to one of the government or government-sponsored entities created by statute to purchase residential mortgage loans from banks and other lenders. See 12 U.S.C. §§ 1451-59, 1716-23 et seq. (creating the Government National Mortgage Association (“Ginnie Mae”), Federal National Mortgage Association (“Fannie Mae”), and Federal Home Loan Mortgage Corporation (“Freddie Mac”)). In turn, these entities re-sell the notes into a tertiary mortgage backed securities market, usually as part of a bundle of notes held in trust for investors. As a result, the notes are held for the benefit of numerous people simultaneously, whose identities change as these negotiable instruments are sold and resold in these markets, and as the investors sell and re-sell their shares in the mortgage-backed securities.

Because of the secondary and tertiary mortgage markets, the original lender is then able to make the funds from the first sale of the note available to additional home buyers. The availability of these funds is the specific and intended result of the statutes that created the government and government sponsored entities – to increase funds for home ownership in the

United States. See 12 U.S.C. §§ 1451, 1716.

MERSCORP, Inc. and MERS were companies formed to play an integral part in the federally established free-market system created to increase liquidity in the market for home loans. In 1993, the Mortgage Bankers Association, Ginnie Mae, Fannie Mae, Freddie Mac and others in the real estate finance industry created an electronic registration and tracking system that is similar to the process used with great success by the Depository Trust Company for the securities industry. MERSCORP, Inc. was formed to track both beneficial ownership interests

in, and servicing rights to, mortgage loans as they change hands throughout the life of the loan.

This tracking assists the mortgage banking industry by reducing questions regarding these contractual interests as they are bundled into mortgage-backed securities. In this manner, MERSCORP, Inc. facilitates liquidity in the secondary mortgage markets. MERS serves as the mortgagee or beneficiary for the MERS member lender.

Upon the purchase of a home, the borrower signs a loan contract that names MERS as the beneficiary (as “nominee” for the lender and its successors and assigns as here). In the loan contract, the borrower assigns his or her right, title, and interest in the property to MERS. The borrower contractually agrees that, in the event of default, MERS is a proper party to foreclose on the home. The mortgage or deed of trust with MERS as a named beneficiary is recorded. When the note is sold by the original lender to others, the sales of the notes are tracked on the MERS® System. As long as the sale of the note involves a member of MERS, MERS remains a named mortgagee or beneficiary of record and continues to act as a nominee for the new holder.

This relationship is memorialized in the original mortgage or deed of trust to which the borrower is a party. If a member is no longer involved upon sale, an assignment from MERS to the non MERS member is made, executed and recorded in the county where the real estate is located, and the loan is “de-activated” from the MERS® System.

Filed under: bubble, CDO, CORRUPTION, education, Eviction, foreclosure, foreign relations, GTC | Honor, Investor, securities fraud | Tagged: borrower, disclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, MERS, Mortgage, predatory lending, quiet title, rescission, securitization, trustee | 23 Comments »

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Red Flags

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Critical loan processing activities, such as verification of

income, employment, or deposit, is delegated to brokers.

•

Delegated underwriting allowed for correspondents that are new or

lack an established track record with the FI.

•

A growing number of loans is being repurchased due to

misrepresentations by the FI under purchase and sale agreements

with secondary market investors. The originating FI may suffer

significant financial losses in the event of a large and

unforeseen fraud.

•

Third party mortgage loan fraud is not covered in standard

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