WELLS FARGO-NORWEST-CONDOR CONNECTIONS INFO — FOR SECURITIZATION RESEARCH

Posted on March 19, 2011 by Neil Garfield

submitted by MARY COCHRANE

Wells Fargo & Co. ‘a private label tradename’ purchased 11/2/98. Foothill & Norwest & UBS … do business using ‘private label brand’ and all of the existing agreements and former registrations stayed open. Already in business in 1994/1996 with Lehman Brothers, Structured Asset Securities Corp, Bear Stearns, former Wells Fargo, Norwest, GMAC-RFC, Chase Manhattan Mortgage Corp, Deutsche Bank Securities, Foothill Capital Corp a sub of Foothill Group, who all merged with Wells Fargo HSBC Trade Bank 11/2/98. All of the existing agreements as priviate members of the financial exchanges survived.

Restated Letter of Credit & Guaranty Agreement 8/1/94 among Foothill Capital Corp, Union Bank as agent and issuing bank

Subsidiaries Foothill Group Inc

Wells Fargo & Co. (Wells Fargo & Co/MN formerly known as Norwest Corp)

Norwest Corporation:

Condor Investments LP, Minnesota LTD
 (John Nickoll, Dennis Ascher, Jeffrey Nikora ‘Managing Partners filing persons, Foothill Capital is a wholly owned subsidiary.

Condor principal business address
Norwest Center, Sixth St & Marquette Ave
Minneapolis MN 55479

Principal Business engage in the business of investment in various financial assets.

4G-382
Condor Investment Company DC Mendota He MN XR
LP-7122
Condor Investments Limited Partnership LPI Mpls MN
Filing Number: LP-7122 Entity Type: Limited Partnership
Original Date of Filing: 2/22/1996 Entity Status: Inactive
Entity Date to Expire: 12/31/2025 Chapter: 322A

Name: Condor Investments Limited Partnership
Registered Office Address: 6th & Marquette 17th Flr %Norwest Corp
Mpls, MN, 55479-1026
Home State: MN

Registered Agent: Stanley S Stroup


8K 6/30/95

5/15/95 Norwest Corp signed a definitive agreement for the merger of the Foothill Group, Inc. with Norwest.

Foothill Group Inc is a specialized financial services company which operates two tightly linked businesses: commercial lending and money management.

Foothill Capital Corp, its wholly-owned subsidiary, provides asset-based financing to businesses throughout the USA.

Parent Co. money mgmt operation conducts business thru institutional lP’s seeking above avg returns by investing in debt instruments of companies in reorg or in process of restructuring.

Norwest Corp is a bank holding company formed under laws DE
 Foothill Capital Corp CA, &
 Norwest Corp (NORWEST) a bank holding corp laws of DE,
 the Company will be a wholly owned subsidiary of Norwest.

Amendment 2/1/95:
Revolving Credit Agreement
Foothill Capital Corp, CA Corp, subsidiary of The Foothill Group, Inc. Parent.

the banks
-Bank of America National Trust and Savings Association, as a bank and agent

Recitals:
-other than Long-Term Credit Bank of Japan, LTD (LTB)
NationsBank of Georgia, N.A. (Nations)
Bank of America National Trust & Savings Association (BOA) as Agent

Foothills Capital Corp, Inc. and BOA as Agent

LTB, NATIONS & NORWEST have each agreed to become new banks under the Agreement

BOA bank & agent & Foothills Capital Inc & Foothill Capital desire to amend agreement to reflect LTB, NATIONS, NORWEST become New Banks.

7/12/95 8K EX-28
Norwest and Foothill Group, Inc. signed definitive agreement for acquisition of Foothill Group by Norwest 4th Qtr 1995.

Wells Fargo & Co/MN [formerly Norwest] 6/7/95 SC 13D/A

Stanley S. Stroup
EVP & General Counsel
Norwest Corp
Norwest Center
Sixth and Marquette
Minneapolis MN 55479-1026
DE Citizen
CUSIP 345109-20-1
Tax ID 41-0449260
Bank Holding Co

Through Commercial bank subsidiaries general banking & trust business in
AZ, CO, IL, IN, IA, MN, MT, NB, NM, ND, OH, SD, TX, WI, WY.

Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: , , , , , , , , , , , , , , | 9 Comments »

BANK OF AMERICA ASSIGNS SAME NOTE TWICE AND GETS PAID TWICE!

Posted on December 21, 2010 by Neil Garfield

submitted by reader

BANK OF AMERICA ASSIGNS SAME NOTE TWICE AND GETS PAID TWICE!

(To prevent further retribution to our family, I post this information under a pseudonym.)

1) In 2001, I closed on a refinancing loan, with XXXX Mortgage Company “A” (“MCA”).
2) “MCA” immediately thereafter assigned the loan to Bank of America (“BOA”).
3) According to the “journey” of the Note as indicated in the endorsement stamps (the Note was just produced last week, yes last week) and a recorded assignment – “BOA” assigned the NOTE to Residential Funding at some point within the immediate 12 week period following the “MCA” assignment to “BOA”.
4) At the time of the assignment “BOA” was paid by Residential Funding.
5) Residential Funding then assigned the NOTE to Bankers Trust Company, as Trustee, also at some point within the 12 weeks immediately following the “MCA” assignment to “BOA”.
6) Residential Funding was paid by Bankers Trust Company, as Trustee
7) Additionally during the same 12 week time frame, “BOA” also assigned the same aforementioned NOTE to Bankers Trust Company, as Trustee.
8) “BOA” at the time of that assignment, was also paid by Bankers Trust Company, as Trustee for the same NOTE.
9) Four years later, “BOA” returned a payment to me as “Misapplied Funds”.
10) I then received correspondence from Litton Loan Servicing indicating the servicing of the loan had been transferred from “BOA” to Litton Loan Servicing.
11) Litton Loan stated they were servicing the loan for “GMAC- RFC”.
12) I had never heard of either Litton or GMAC-RFC.
13) Two months after “Litton Loan” becoming involved, I received notice our home was going to be foreclosed by “Deutsche Bank Trust Company Americas”.

[Confused does not begin to state my concern as to whether our payments were being properly applied.]

14) I was fortunate to obtain a reinstatement of loan after payment of over $28,000 to the law firm representing “Deutsche”.
15) The attempts to obtain clarification were not successful, and the foreclosure advertisements continued.
16) In order to protect our home, I was forced to file a Chapter 13 “pro se”.
17) The case came to be converted to a Chapter 7.
18) Our family came to be evicted (despite our request to pay the first mortgage, which was denied) from our home by a real estate agent reportedly acting with the same power as vested in the Chapter 7 Trustee. The Chapter 7 Trustee sent me an email stating, “A failure to cooperate with her is the equivalent of a failure to cooperate with me.”

Any party interested in reviewing partially redacted copies of the Note and BOA assignment showing the transfers to confirm this story or any other comments or suggestions can contact the writer at alvinessel@gmail.com.

Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud | Tagged: , , , , , , , , , , , , , | 22 Comments »

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