US SUES DEUTSCH: Bank and MortgageIT “repeatedly lied”

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary SEE LIVINGLIES LITIGATION SUPPORT AT LUMINAQ.COM

EDITORIAL NOTE: Reading and writing with one eye is a challenge. Let me confine my remarks to this. It’s about time that the United States government acknowledged that we have been livinglies promulgated by Wall Street and has now accused them pf just that in an actual legal proceeding.

U.S. Sues Deutsche Bank Over Mortgages

By DEALBOOK
DESCRIPTION

Federal prosecutors on Tuesday filed a civil mortgage fraud lawsuit against Deutsche Bank and its MortgageIT unit, accusing the bank of “reckless lending practices.”

The complaint, filed in United States District Court in Manhattan, contends that the bank and its subsidiary “repeatedly lied to be included in a government program to select mortgages for insurance by the government.”

“Once in that program, they recklessly selected mortgages that violated program rules in blatant disregard of whether borrowers could make mortgage payments. While Deutsche Bank and MortgageIT profited from the resale of these government-issued mortgages, thousands of American homeowners have faced default and eviction.”

The complaint seeks treble damages and penalties under the False Claims Act, which could amount to more than $1 billion.

“We believe the claims against MortgageIT and Deutsche Bank are unreasonable and unfair, and we intend to defend against the action vigorously,” a bank spokeswoman said in an e-mail to Bloomberg News.

Shares of Deutsche Bank tumbled in Frankfurt following word of the complaint.

Prosecutors allege that Deutsche Bank and MortgageIT “repeatedly lied” in order to participate in a Federal Housing Administration program that insures mortgages.

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Lenders in the program are required to have a quality control plan and resources, and are “entrusted with safeguarding the public from taking on risks that exceed statutory and regulatory limits.”

But the complaint says MortgageIT underwriters falsely certified that they had performed the required due diligence on the mortgages they endorsed.

In one instance cited in the complaint, an outside vendor was hired in 2004 to conduct quality control reviews of closed F.H.A.-insured loans. The vendor prepared letters detailing the underwriting violations it found. But no one at MortgageIT read the letters, the complaint says. Instead, the letters were stuffed, unopened, in a closet in the company’s Manhattan headquarters.

Between 1999 and 2009, MortgageIT endorsed more than 39,000 mortgages for F.H.A. insurance, totaling more than $5 billion in underlying principal obligations, the complaint says.

MortgageIT mortgages accounted for more than $386 million in F.H.A. insurance claims and costs.

Deutsche Bank acquired MortgageIT for $429 million in July 2006.

The United States attorney in Manhattan, Preet Bharara, has scheduled a news conference for 1 p.m. on Tuesday.

U.S. v. Deutsche Bank and MortgageIT

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34 Responses

  1. @ Nancy Drewe, I see someone has done their homework on IMB Holdco. Need to keep that trust at the end so the loans stay bankruptcy remote and you cna still collect the swaps at the one west bank,fsb level.

    I also saw you mock-up on Wells. Are you in securitization? Most don’t even understand you are spelling their case out for them. real party in interest is the guy getting the cash flow on the defaults.

  2. Parent(s) of INDYMAC FINANCIAL SERVICES, INC.
    IMB MANAGEMENT HOLDINGS GP LLC SHM 2009D TRUST, THE

    IMB MANAGEMENT HOLDINGS GP LLC (3943386) as of 01/30/2012

    * IMB MANAGEMENT HOLDINGS GP LLC (3943386) PASADENA CA Savings & Loan Holding Company
    2 -* IMB MANAGEMENT HOLDINGS LP (4224019) 1 PASADENA CA Savings & Loan Holding Company
    3 –* IMB HOLDCO LLC (3923614) 2 PASADENA CA Savings & Loan Holding Company
    4 —* ONEWEST BANK GROUP LLC (3920864) 3 PASADENA CA Savings & Loan Holding Company
    5 —-* ONEWEST BANK, FSB (3918898) 4 PASADENA CA Federal Savings Bank
    6 —–* ONEWEST INVESTMENTS LLC (4294919) 5 PASADENA CA Domestic Entity Other
    7 —–* ONEWEST RESOURCES LLC (4294928) 5 PASADENA CA Domestic Entity Other
    8 —–* OWB REO LLC (4294937) 5 PASADENA CA Domestic Entity Other
    9 —–* INDYMAC FINANCIAL SERVICES, INC. (4294946) 5 PASADENA CA Domestic Entity Other
    10 ——* ONEWEST SERVICES LLC (4342276) 9 PASADENA CA Domestic Entity Other
    11 —–* ONEWEST INVESTMENTS II LLC (4342511) 5 PASADENA CA Domestic Entity Other
    12 —–* CRE LJ CA LLC (4342726) 5 PASADENA CA Domestic Entity Other
    13 —–* CRE LJ TX LLC (4342735) 5 PASADENA CA Domestic Entity Other
    14 —–* CRE LJ 21 OTHER LLC (4342753) 5 PASADENA CA Domestic Entity Other
    15 —–* CRE LJ 27 OTHER LLC (4342762) 5 PASADENA CA Domestic Entity Other
    16 —–* CRE FFBC LLC (4342780) 5 PASADENA CA Domestic Entity Other
    17 —–* CRE LJ MV HOTEL LLC (4342810) 5 PASADENA CA Domestic Entity Other
    18 —–* CRE LJ STREET LLC (4342829) 5 PASADENA CA Domestic Entity Other
    19 —–* CRE CT 21 OTHER LLC (4342838) 5 PASADENA CA Domestic Entity Other
    20 —–* CRE CT 27 OTHER LLC (4342847) 5 PASADENA CA Domestic Entity Other
    21 —–* CRE LJ 1740 LOMA VISTA LLC (4342856) 5 PASADENA CA Domestic Entity Other
    22 —–* FINANCIAL FREEDOM ACQUISITION LLC (4190002) 5 IRVINE CA Domestic Entity Other
    23 —–* ONEWEST VENTURES HOLDINGS LLC (4294218) 5 PASADENA CA Domestic Entity Other
    24 ——* INDYMAC VENTURE, LLC (4294236) 23 PASADENA CA Domestic Entity Other
    25 ——-* IMV 11 PALM LLC (4342548) 24 PASADENA CA Domestic Entity Other
    26 ——-* IMV 6 SPR LAKE LLC (4342557) 24 PASADENA CA Domestic Entity Other
    27 ——-* IMV 2 ARDEN LLC (4342575) 24 PASADENA CA Domestic Entity Other
    28 ——-* IMV 7 CA LLC (4342605) 24 PASADENA CA Domestic Entity Other
    29 ——-* IMV 3 CONSERV LLC (4342614) 24 PASADENA CA Domestic Entity Other
    30 ——-* IMV 8 CA DETACHED LLC (4342632) 24 PASADENA CA Domestic Entity Other
    31 ——-* IMV 4 R ISLAND LLC (4342650) 24 PASADENA CA Domestic Entity Other
    32 ——-* IMV 9 INTERSTATE LLC (4342669) 24 PASADENA CA Domestic Entity Other
    33 ——-* IMV 5 MTN GATE AZ LLC (4342687) 24 PASADENA CA Domestic Entity Other
    34 ——-* IMV 10 LAND LLC (4342696) 24 PASADENA CA Domestic Entity Other
    35 ——-* IMV 12 CSY VILLAGE LLC (4342708) 24 PASADENA CA Domestic Entity Other
    36 —-* ONEWEST ASSET MANAGEMENT LLC (4342454) 4 PASADENA CA Domestic Entity Other
    37 —* PRIVATE INVESTORS (4342445) 3 PASADENA CA Domestic Entity Other
    38 –* SHM 2009D TRUST, THE (4294900) 2 PASADENA CA Domestic Entity Other

  3. 12/31/2009 – 12/31/2010
    Parent(s) of INDYMAC FINANCIAL SERVICES, INC.
    IMB MANAGEMENT HOLDINGS GP LLC
    SHM 2009D TRUST, THE
    1 * IMB MANAGEMENT HOLDINGS GP LLC (3943386) PASADENA CA Savings & Loan Holding Company
    2 -* ^ IMB MANAGEMENT HOLDINGS LP (4224019) 1 PASADENA CA Savings & Loan Holding Company
    3 –* ^ IMB HOLDCO LLC (3923614) 2 PASADENA CA Savings & Loan Holding Company
    4 —* ^ ONEWEST BANK GROUP LLC (3920864) 3 PASADENA CA Savings & Loan Holding Company
    5 —-* ^ ONEWEST BANK, FSB (3918898) 4 PASADENA CA Federal Savings Bank
    6 —–* ^ FINANCIAL FREEDOM ACQUISITION LLC (4190002) 5 IRVINE CA Domestic Entity Other

  4. Where is the Darn F. B . I . ? We all should now call the F.B.I here is a letter of mines to the F.B.I………Report Crimes Now ! September 2, 2011

    Kenneth S. Taylor
    8610 Hadden Road
    Twinsburg Ohio 44087
    1-330-425-1542

    Federal Bureau of Investigation
    121 S Main St, Akron Ohio 44308 -1415
    330-535-6156

    Dear Honorable F.B.I. Agents, Intake Officers and Staff,

    I implore you open and investigate the following criminal acts and other matters stated below supported by proof and evidence enclosed:
    The criminal acts are so malicious and deplorable that the damage done to victims the homeowners can never be repaired we ask for nothing less than criminal prosecutions this agency must check the licensing boards of all notaries that appear in any and all documents for all the fraudulent attestation to all these phony fake documents.

    Judge Tom Parker is so corrupt he has defied the Ninth District Court of Appeals Order in which they agreed Judge lied about hearing Defendants counterclaimed they reverse and remanded case back to trial court and has thus far Tom Parker refused to follow mandate and wont set a trial date, he issued a summary judgment without a single witness , and without a signed affidavit with no affiants name on it that has to be a criminal act as he never look at the final decree order ,it against the law to sign without knowing the information your signing the affidavit had no name on it.
    Judge Tom Parker , Attorney Kevin L. Williams and Robin Wilson have given false and material declarations to the trial court violating federal laws under 18 U.S.C.1623 which is a both a criminal and civil act of conspiracy and a crime which carries fines of 100 thousand dollars and or 5 years in prison , they have lied to courts and use the same lies against defendants( Kenneth S. Taylor and Alycia A. Taylor Driggins) in an attempt to take their real property ,without perfecting a lien, selling and transferring, assigning property of Option One the original lenders years later after they were out of business and company was defunct, and did use identity theft, and stole homeowners identity as parties are guilty of transferring homeowners private information by United States Postal service , U.S. Mail via Electronic Mail creating False data and accounting, and payment receipts by use of computer via internet and are guilty of Mail and Wire fraud by forwarding private information to other parties without their permission such as their social security numbers names addresses, work history, credit reports, bank statements ect. but not limited to such, trying to evict them unlawfully from a home which they have owned and resided for 23 years by using forgery of Kevin L. Williams name and signature on order of sale as someone tried to force sheriffs sale by signing order with initial only ( K W) using pretender lenders, robo signers, strawman , foreclosure mills , defunct trust, and trustees, fraudulent appraisal , and 14 forgeries of attorney Kevin L. Williams name, fabrication, of surrogate signings , misreprentation, fake and counterfeit Allonge Notes and negotiable instrumentalities. [Whoever, with intent to defraud, falsely makes, forges, counterfeits, or alters any obligation or other security of the United States, shall be fined under this title or imprisoned not more than 20 years, or both. (18USC 471)] and fake notaries, fake affidavits, fake title insurance written by Manley Deas Kochaski LLC on national known Chicago Title Papers without their knowledge , using their in house title company Allondian Title located in the same office in Columbus Ohio, 18 U.S.C. § 514 : US Code – Section 514: Fictitious obligations, this has to be one of the worst cases of fraud before the FBI in its long distinguished history.

    Currently there is a fraudulent lawsuit and judgment against them, (Kenneth S. Taylor Alycia A. Taylor), filed by Plaintiffs attorney (Kevin L. Williams of Manley Deas Kochalski LLC. Located in Columbus Ohio, P. O. Box 165028, 43216-5028 for DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE FOR CERTIFICATEHOLDERS OF SOUNDVIEW HOME LOAN TRUST 2006-OPT2 ASSETS-BACKED CERTIFICATES, SERIES 2006- OPT2 , who have never proved they had standing to file the lawsuit and has told courts the note is lost missing or stolen and assignment was submitted to court after lawsuit was filed , and produced after allege transfer of property , a fake assignment fraudulent sham , defective, false , and misleading , document which was deemed as such by the United States District Court Judge Sara Lioi on November 8, 2007 See Exhibit ( D) enclosed , that assignment was robo signed and fake and forgery provided to courts used as evidence in courts by and though Kevin L. Williams and Manley Deas Kochalski LLC. As is every document before the court in this case. The fake, forgery, robo, signed , documents have been used to commit civil and criminal conspiracy , mail fraud, forgery, identity thief, nothing is original or authentic its all falsely made by crime lab LPS. And was not produced until the courts needed it to foreclose, the attorney just orders any documents the court needed from the crime lab LPS, Docx, this is a nationally well known fact , the attorney’s just order fake documents from this crime lab and did not get the phony documents and affidavits unless the court required them and the documents don’t reflect the actual transactions that occurred the attorney Kevin L. Williams willingly and knowingly produced and provided Ohio courts both Federal and state with fraudulent documents , which are more fully describe in documents enclosed in this package. Moreover Kevin L. Williams and his law firm has conspired and filed 14 variations of his signatures on sworn legal important documents with state and federal courts in a elaborate scheme to unlawfully take the Taylor’s real property, the signatures contain no power of attorney , the law firm is a national known Foreclosure Mill, That uses robo signatures from foreclosure Counsel of Manley Deas Kochalski and Kevin L. Williams , Thompson Hine and Robin Wilson who violated the following rules regulations statues, an treaties of OHIO and U.S.FEDERAL LAW TITLE 18, 18 U.S.C. § 1343 CHAPTER 6 WIRE FRAUD, MAIL FRAUD; Regulation Z Sec. 226.1 Authority, purpose, coverage, organization, enforcement and liability. Complaints to Akron Bar Associations, Cleveland Bar Associations , Columbus ,Bar Association , and The Supreme Court of Ohio Disciplinary Counsel all yielded the same results an occasional admittance of unlawfully practice, but the Bar Associations all stated it was a widely accepted practice for attorney’s to forge, use forge signatures , allow others in office to forge their names, allow some unknown people in there office to sign someone else name to a legal court document especially given the fact this attorney has never made a single appearance to court in 4 years, and has not been able to be reached by phone in 4 years the Akron Bar Association attorneys says Kevin L. Williams does not have to answer my phone call, and can allow other to try to mimic his signatures as long as he has given them permission to do so , this is violation of federal laws that govern forgery , for some one to forge attorney Kevin L. Williams signature on documents to sale the Taylors home in a sheriffs sale is illegal, corruption, criminal conspiracy, and the Bar Associations said this was legal and found no wrongdoing , See Exhibit (H) correspondence from various Bar Associations in Akron, Cleveland, and Columbus who and said attorney’s can break the law and forge each other signatures. For the sake of convenience, Essential saying Kevin L. Williams is above the law. We believe these are jail able offenses crimes of forgery and violates the law and treaties of the United States and carry prison sentences the absolute proof is included the records and complete letters are available in Bar Association files the foreclosure Counsel of Manley Deas Kochalski and Kevin L. Williams , Thompson Hine and Robin Wilson violated the following rules regulations statues, an treaties of OHIO and U.S.FEDERAL LAW TITLE 18, 18 U.S.C. § 1343 CHAPTER 6 WIRE FRAUD, MAIL FRAUD; Regulation Z Sec. 226.1 Authority, purpose, coverage, organization, enforcement and liability.

    The judge Tom Parker while case was in state court conspired with the plaintiff’s attorney Robin Wilson of Thompson Hine LLP in a joint effort to destroy defendants counterclaim. The judge directed her to draft a false and misleading statement in a previous Final decree of foreclosure. Robin Wilson did so knowingly and willingly by inserting false claims of judge that he had considered defendants counterclaim is his motion granting plaintiff summary judgment which is void because of fraud of the courts and judge a lying officer of the court… Robin Wilson drafted and sent a letter dated September 28,2009 to Judge confirming the act of conspiracy and her participation as such. The letter states per verbatim “Enclosed, in response to your telephone request, is a revised Judgment Entry and Decree in Foreclosure so as to include Defendants’ Counterclaim and Plaintiffs’ Reply to Counterclaim”. Signed by Robin Wilson. See Exhibit (A). These representations were false and defendants knew the falsity of these statements at the time they were made. The judge never once mentioned defendants counterclaim, prior to this directive, nor is there any evidence the judge has reviewed the counterclaim. This was a wicked scheme perpetrated against defendants specifically, strategically and systematically, the judge lied in effort to deprive defendants of their rights to homeownership. Judge and Robin Wilson have given false and material declarations to the trial court violating federal laws under 18 U.S.C.1623 which is a both a criminal and civil act of conspiracy against defendants. Moreover COURT OF APPEALS NINTH JUDICIAL DISTRICT C. A. NO. 25281 agreed with the plaintiffs that judge erred essentially confirmed he lied and reversed and remanded case back to trial court. Judge Tom Parker is an Officer of the court THIS VOIDS STATE COURT FINDING OF SUMMARY JUDGMENT, ITS NULL AND VOID FOREVER.
    Earlier this month, Justice cited findings from HUD investigations in a lawsuit it filed against Deutsche Bank AG, one of the world’s 10 biggest banks by assets, for at least $1 billion for defrauding taxpayers by “repeatedly” lying to FHA in securing taxpayer-backed insurance for thousands of shoddy mortgages, this is the same Bank pretending to own our mortgage , note , and title, though a fraudulent defunct, expire trust and trustees. The original lenders Option One is also name in this lawsuit also for fraudulent appriasial , the same claim the homeowner makes ,here is a excerpt for that lawsuit; Option One, which originated the loans for two Securitizations, has also been
    identified through multiple reports and investigations for its faulty underwriting. On June 3,
    2008, for instance, the Attorney General for the Commonwealth of Massachusetts filed an action
    against Option One (the “Option One Complaint”), and its past and present parent companies, for
    50
    their unfair and deceptive origination and servicing of mortgage loans. See Complaint,
    Commonwealth v. H&R Block, Inc., CV NO. 08-2474-BLS (Mass. Super. Ct. June. 3, 2008).
    According to the Massachusetts Attorney General, since 2004, Option One had “increasingly
    disregarded underwriting standards … and originated thousands of loans that [Option One] knew
    or should have known the borrowers would be unable to pay, all in an effort to increase loan
    origination volume so as to profit from the practice of packaging and selling the vast majority of
    [Option One’s] residential subprime loans to the secondary market.” See Option One Complaint.
    The Massachusetts Attorney General alleged that Option One’s agents and brokers “frequently
    overstated an applicant’s income and/or ability to pay, and inflated the appraised value of the
    applicant’s home,” and that Option One “avoided implementing reasonable measures that would
    have prevented or limited these fraudulent practices.” Option One’s “origination policies …
    employed from 2004 through 2007 have resulted in an explosion of foreclosures.” Id. at 1.
    117. On November 24, 2008, the Superior Court of Massachusetts granted a
    preliminary injunction that prevented Option One from foreclosing on thousands of its loans
    issued to Massachusetts residents. Commonwealth v. H&R Block, Inc., No. 08-2474-BLS1, 2008
    WL 5970550 (Mass. Super. Ct. Nov. 24, 2008). On October 29, 2009, the Appeals Court of
    Massachusetts affirmed the preliminary injunction. See Commonwealth v. Option One Mortgage
    Co., No. 09-P-134, 2009 WL 3460373 (Mass. App. Ct. Oct. 29, 2009).
    118. On August 9, 2011, the Massachusetts Attorney General announced that H&R
    Block, Inc., Option One’s parent company, had agreed to settle the suit for approximately $125
    million. See Massachusetts Attorney General Press Release, “H&R Block Mortgage Company
    Will Provide $125 Million in Loan Modifications and Restitutions,” Aug. 9, 2011. Media
    reports noted that the suit was being settled amidst ongoing discussions among multiple states’
    51
    attorneys general, federal authorities, and five major mortgage servicers, aimed at resolving
    investigations of the lenders’ foreclosure and mortgage-servicing practices. The Massachusetts

    Deutsche Bank Knew That The Representations Were False Through
    Its Affiliation with MortgageIT
    147. As part of its strategy to gain control of the securitization process, and to ensure a
    steady supply of mortgage loans to securitize, Deutsche Bank acquired a number of loan
    originators, including MortgageIT, Inc. (“Mortgage IT”). Announcing the MortgageIT
    acquisition in a July 12, 2006 press release, Deutsche Bank boasted that “the vertical integration
    of a leading mortgage originator like MortgageIT will provide significant competitive
    advantages, such as access to a steady source of product for distribution into the mortgage capital
    markets.”
    148. Indeed, controlling a subprime lender allowed an investment bank like Deutsche
    Bank to dictate underwriting standards at the origination level and guarantee a constant stream of
    loans to securitize and sell to investors like the GSEs. Because Deutsche Bank needed high
    volumes of loans to securitize—and because it passed off the default risk to investors—Deutsche
    Bank had every incentive to, and in fact did, lower the underwriting standards at its affiliated
    lenders.
    149. MortgageIT originated 22.69 percent of the loans in the ACE 2007-HE5
    Securitization and 100 percent of the loans in the MHL 2007-1 Securitization, and was thus
    directly responsible for whether the underlying mortgage loans for those Securitizations
    conformed to the representations made in their prospective Registration Statements. As set forth
    in Tables 6 and 7, above, moreover, the Registration Statements for these Securitizations vastly
    misrepresented key data, including LTV ratios and owner occupancy percentages. It is not
    66
    possible that MortgageIT—which, by this time, was an arm of Deutsche Bank—could examine
    the income, liabilities, credit history, employment history, credit reports, personal information,
    and property appraisals for each loan in these Securitizations, all of which it purportedly did as a
    part of its underwriting, and still misstate the quality of the mortgage loans to the extent that it
    did.
    C. Multiple Investigations Confirm that Deutsche Bank Knew that the Mortgage
    Loans Did Not Conform to the Stated Underwriting Guidelines
    150. An investigation by the Financial Industry Regulatory Authority (“FINRA”)
    confirms that several Securitizations contain material misrepresentations. Indeed, FINRA found
    that with respect to sixteen securitizations, including nine of the Securitizations in this action,15
    Deutsche Bank “continued to refer customers in its prospectus materials to the erroneous
    [delinquency] data” even after it “became aware that the static pool information underreported
    historical delinquency rates.” FINRA Letter at 2. Thus, the FINRA investigation confirms not
    only that Deutsche Bank knew that the representations in its Registration Statements were false,
    but that Deutsche Bank failed to correct the misrepresentations and actively directed investors to
    rely on those misrepresentations.
    151. The United States Department of Justice (“DOJ”) has reached similar
    conclusions. On August 22, 2011, the DOJ filed a complaint against Deutsche Bank and
    MortgageIT, accusing the two companies of “knowingly, wantonly, and recklessly” permitting
    violations of underwriting guidelines. See Am. Compl. United States v. Deutsche Bank AG, et
    al., No. 11 Civ. 2976 (S.D.N.Y. 2011) (the “DOJ Complaint”). The DOJ alleged that Deutsche
    Bank and MortgageIT falsely represented that mortgages included in certain Deutsche Bank and
    15 ACE 2007-ASL1, ACE 2007-SL1, ACE 2007-HE1, ACE 2007-HE2, ACE 2007-
    HE3, ACE 2007-HE4, ACE 2007-HE5, ACE 2007-ASAP1 and ACE 2007-ASAP2.
    67
    MortgageIT RMBS — including the ACE 2006-ASAP1 and ACE 2006-ASAP2 Securitizations

    We now and at last pray by the grace and mercy of almighty God, and ask that this High Federal Bureau of Investigations intervene and look into these matters asap.

    Respectfully, Submitted By,
    Kenneth S. Taylor

    Kst.

    Ps. Exhibit (H) is page (2) two of a two page letter by Heather M. Zirke the Assistance Counsel of Akron Bar Association who says forgery of another signature 14 times is legal and accepted practice in law. Page one is missing just ask her to send you copy of the original letter in which she defended and justified these forgeries of Kevin L. Williams signature.

    Also a letter from Cleveland Bar Association that says other lawyer’s in his office may forge legal documents by signing Kevin L. Williams name as though they are him to unlawful order of sale.

    All other documents are self explanatory , and are excerpts from trial documents from United States Sixth Circuit Appeals Court and the original Complaint filed against these parties in federal District Court the evidence is overwhelming and compelling in which judges had a sworn duty to report under 18USC (4) and have themselves committed Felonies for not reporting to F.B. I.

  5. Okay — let’s go back to changed “loan” numbers — brought this up a long time ago.

    Under FDCPA — no changed loan numbers allowed — no changed information allowed. So — how do we get changed loan numbers??? ‘

    Certainly, “investors” are not entitled to any receivable rights – or subsequent collection rights by charge-off — to changed “loan” numbers — that are not validly transferred — ANYWHERE.

    Changed loan numbers — what do the original SPV trusts claim? What loan number??? What loan number has been affected (paid-out) by mortgage — or any other – insurance?? Not the changed loan number — I am sure.

    Changed loan numbers??? Not valid.

    Changed loan numbers??? Important.

  6. MortgageIT did not only lied” to the Federal Housing Administration they also lied to us when we refinance our loan They told us we would get a lower payment instead it touble.We try to cancel and they would not let us. Our good faith estimate was also forged.Our loan is also threw MERS.They were noting but crooks.

  7. Dear Liz, ,
    You have a MERS# because the ‘originator’ sold your loan to Wells Fargo or JPMorgan who sold the loans at discount.

    MERS transactions were not a RETAIL.

    Facts from R.K.Arnold Testimony and comments by JP Stumpf hisself.

  8. Dear Carie,
    So sorry to confuse you.

    Based on my research, we purchased RETAIL Mortgage from the SERVICER.

    The attorney/agent/broke/title company was in Agreement with the LENDER not us.

    For example, Deutsche Bank Trust America’s provided intermediary funding to Wells Fargo Bank NA /Attorney in his individual name deposited into his own Corporate Treasury Securities Account. The account is not in the name of the Title & Settlement Agency he owns. And the account is not in the name of the law firm he is a partner of.

    Attorney provided copies of the origination documents two years after we closed. I will always be grateful for the valuable insight gleaned of Wells Fargo’s intent for the substantive omissions of material facts were to take property by deception and to allow third parties to take possession in a larcenous manner.

    The attorney/agent in agreement with the Corporate Treasury Securities division, and the funding is deposited directly to the attorney for the SELLER of the discounted loan account.

    With these documents, I researched and learned how to make sense out of the transaction flow since everyone was lying. The transaction flow (follow the money) tells the story.

    I felt the information important to share. Others hold onto their information for selfish reasons, coverup, own lawsuit. My intentions are to get a group of consumers harmed angry and educated so we can be safe.

    My facts and research certainly narrow in scope based on my limited knowledge. And I have no experience in the business. I did go bac to school and received higher education in US Constitution, Civil Litigation, Business Law.

    How I know that the documents were presented by the SERVICER is by the MIN SERVICER ID ‘Status’ was Active: Servicer Wells Fargo Home Mortgage, inc. a division of Wells Fargo Bank NA, 2701 Wells Fargo Way, Minneapolis, MN. And stories shared by other consumers.

    Sadly, the deals went down for the benefit of the beneficiary and were not in our best interest. If we were an investor, dealing with a licensed broker we would have recourse if the investor caused us harm.

    How mad does this make you?

    The loan using your property was not in your best interest. The Parent was telling their sales people do whatever you can, say whatever you can say, get us loans. We want loans!

    The rest is history.

    Your loan was in the best interest of the beneficiary.

    When you reviewed and signed the mortgage, note, TILA, HUD, and handed goodbye letters presented by the SERVICER, they said don’t worry about it.

    Under the Freedom of Information Act, please secure copies of the originaton documents, emails, faxes, funding, closing disbursement instructions between the attorney/agent and the bank. It’s not proprietary its your loan right?

    The RETAIL Morgage product you purchased was defective, and intent of the LENDER was to take the proeprty by deceptive acts, and through substantive omissions of material facts, thrid party allowed to take possession in a larcenous manner.

    Sadly, the approval of the loans and intent was to take the property in a larcenous manner.

    When is a bank not a bank with fiduciary duty under Bank Secrecy Act? When its a servicer. Yep, the lobbyists fooled Congress again.

    Did that clear up the confusion?

    I do believe that the mortgage is prepared in the event we default, the party in court will say they are representing that lender. But they are the SERVICER trying to buy back bad debt and they are not the owner of the debt or they would have the Chain of Title and land and property records would have been properly recorded. Secure a Chain of Title Audit on the land and property records.

    The SERVICER of the portfolio has to pay the monthly payment we can no longer pay. The money does not go to the investors. WHY? Because they are not the LENDER. Why is the Loan Trust not in the fact of the consumer demanding the property with the documents?

    DO NOT BELIVE THE SPIN.
    Banks do everythign by computer and know where every nano-penny is.

    Where documents don’t exist that was intentional.

    Where documents exist incorrectly filed that is intentional.

    7/12/2001 First Federal Savings & Loan Association of San Gabriel Valley was renamed to INDYMAC Bank FSB in the Federal Reserve System.

    Indymac Bank FSB 7/12/2008 was renamed to IndyMac Federal Bank, FSB.

    3/20/2009 Indymac Federal Bank FSB Failed.
    OneWEST BanK FSB acquired the remaining assets and established as a Federal Savings Bank.

    Whoever IMB Management Holdings Gp LLC The SHM 2009D Trust are the Parents and includes OTS Financial Freedom Acquistion LLC Irvine CA.

    Now what are we going to do with all of this information?

    Let’s get to work….

    Read timothymccandless ‘linda green robo signer notary fraud complaint’

  9. Well, I’m confused…I just looked at my original “loan docs” from 2006, and it says IndyMac F.S.B. is the Lender, Creditor, etc. I understand that NOW they are just a servicer, but weren’t they a lender back then? Or are you saying that is a lie?
    Also—this is bizarre—when I asked my servicer the other day why the original loan number is totally different than the loan number they have for me now, this is what he wrote (his spelling):

    “The loan number that is under Duetsche Bank is there own separate loan number. We are the servicer so we have a loan number that we use. The reason why is there loan number might have dashes in it where ours does not. That is why we have a loan number that we reference to in our system.”

    Wow.

  10. Mary_Cochrane@saveamericaone.com,

    Yes. And, all were just servicer “modifications” — Oh — we thought we were getting a a brand new refinance contract. Paid as if we were.

    “Mods” now — no different — only this time no fees as if a new refinance. But, all attached fraud for invalid modification – because- as with the original servicer “mod refinance” — the current creditor is never identified. .And, modifying an invalid contract to begin with.

  11. ALERT! EVERYONE.

    DO YOU UNDERSTAND THAT ALL TRANSACTIONS YOU DID WERE WITH SERVICER?

    IF YOU DON’T UNDERSTAND THAT YOU WILL MAKE NO PROGRESS.

    THE DAY YOU SIGNED THE ‘NOTE’ AND ‘MORTGAGE’ YOU WERE WITH THE SERVICER.

    PROVE IT IF THEY HAVE NOT ‘CLOSED’ THE MIN SERVICER ID

    MINE SAID FOR THE LONGEST TIME

    WELLS FARGO HOME MORTGAGE A DIVISION OF WELLS FARGO BANK NA – STATUS ACTIVE 6/7/2006 SERVICER

    WHY?

    BECAUSE WE ONLY DEAL WITH SERVICER EVER WHO AS A ‘NATIONAL BANKING ASSOCIATION’ WITH INTENT TOOK YOUR PROPERTY BY DECEPTION AND ALLOWS A THIRD-PARTY TO TAKE POSSESSION OF YOUR PROPERTY IN LARCENOUS MANNER TODAY BEFORE THE COURT THEY LIE THAT THEY ARE THE ‘LENDER’ AND THEY NEVER WERE – NEVER!

  12. Name ‘Lenders Processing Services’ flows inside an agreement and confuses the reader if they don’t pay attention that the Settlement & Servicing Agency has nothing to do with LENDING.

    “Pursuant to Florida’s Deceptive and Unfair Trade Practices Act: a SUBPOENA is reported to be sent to Lawfirm Marshall C. Watson re Investigation of Lenders Process Servicings (THEY ARE NOT A LENDER!) and DOCX (wonder when Bill Gates network engineers designed the proprietary programs ? Coincidence ‘DOCX’ is the file extension in Microsoft 2007 for filename.docX ? The robo-signers have access 1st decade to best software during freenzy to edit, cut/paste, create falsified documents!

    http://twainsthoughts.com/2011/05/02/subpoena-sent-to-lawfirm-marshal-c-watson-re-investigation-of-lps-lender-processing-services-docx/

  13. INDYMAC/COUNTRYWIDE SERVICERS

    SERVICERS (MULTIPLE) are in Agreements (multiple) to pay monthly payment of loans in their portfolio.

    When a default occurs they lay out funds and will figure out a way without a lawful recorded lien to get the money back.

    The Master Servicer seller of the loans without recourse created language for themselves in the Agreements.

    When the SELLER of the loans (happens all at once in a big deposit 30-90 days after your loan was placed on their loan purchase order(agreement with the BUYER of the loans) the BUYER in agreement with the SELLER to sell back the servicing of the loans.

    Thereafter alike a great puzzle the players in agreement have roles, wear hats if you will, with a title on the hat perform certain roles.

    By the way, these are not all of the players.

    There are the private funders who procure the loans and select the cream of the crop to be ‘A’ Certificates. Alike REDWOOD TRUST.

  14. Here is a simple definition of ‘beneficiary’ of deed. Had MERS not been used, had the real BUYER of the loan and SELLER conveyed the notes legally, the LoanTrust would be the beneficiary of the deed. Had the documents been recorded lawfully, the LOANTRUST would have the right and lawful process to come back in court for the property. ‘Ricke Walker’ discusses beneficiary. Please write down the ‘definition’ for each ‘role’ inside the ‘SEC’ documents. Then the buzz words, cut the real meaning according to law.

    If MERS was not used the LOANTRUST would be in front of the court.

    The TRUSTEE as a National Bank Association is the substitute trustee if your FORM15D, 10D, 10K, or other documents have ‘Norwest Asset Sec….” as the filing agent!

    _______________________________________
    Simple definition from USLeagal.com

    A beneficiary deed is a document that expresses an interest in real property, including any debt to a beneficiary. The person who receives the real property in a beneficiary deed is referred to as the beneficiary. A beneficiary deed expressly indicates that the deed is effective on the death of the owner. The transfer of interest to the beneficiary is associated with all conveyances, assignments, contracts, mortgages, deeds of trust, liens, security pledges and other encumbrances made by the owner. A beneficiary deed is an important document. It allows a smooth transfer of ownership between past and present owners.

    A beneficiary deed may delegate to multiple grantees. Such grantees take title of the real property as joint tenants and get a right of survivorship as tenants in common. Sometimes, a beneficiary deed may delegate successor beneficiaries.

    In a beneficiary deed, there is no change in current ownership and the owner enjoys absolute control in real property. The owner can sell, gift or exchange the real property even if a beneficiary deed is executed. The owner can annul or cancel the beneficiary deed at any time. Beneficiary deeds are suitable for real properties such as land, homes, ranches, condos, time-share, and mineral interests.

  15. Mods cannot be done in servicer name — unless servicer can show they own the loan and not servicing on behalf of anyone else. Any modification that is not a new contract (which it should be as terms are changed) is a modification of your original contract with your original “lender” — who is likely gone — so mod is invalid.

    The lawsuit here is about insurance fraud. Insurance paid on Mortgages — not securities — that were originated without due diligence. This enabled Deutsche – who purchased MortgageIT after the financial crisis – to collect millions from insurance on loans originated without “due diligence.” And, this enabled Deutsche to sell those “bad” mortgages directly to “investors.” This is not about securities.

    Other “lenders” –likely did the same thing — which means any mods on these loans simply continues the fraud.

    Also, this is a civil action — but should it be a criminal action?? Many of these loans were classified as Early Payment Defaults — but, often, manufactured EPDs — and other false default — before borrower even actually defaults. Since this occurred — that would be insurance fraud — not a lack of “due diligence.” Believe insurance fraud is criminal.

    All these government and investor lawsuits help expose the level of fraud — but, does little to help foreclosure victims. And, in some way may harm because pockets are being emptied and lenders/creditors will be even more adamant about pursuing foreclosures. There is still no one in government standing up for the real victims. .

  16. Well, from what I understand, the money is NOT going towards the ORIGINAL LOAN, which if things were done legally in the “assignment chain”, IndyMac would be able to show you exactly how your money is going to the original loan…but they CAN’T, because there was FRAUD in the chain of title…
    Every time I ask my servicer (IndyMac) for a copy of my “assignment of mortgage”, he ignores me…he doesn’t know what to say…at this point I want to take them to court to make them prove the existence of my original loan…which I don’t think they can…if I pay a debt collector who is “pretending” to pay towards a non-existent loan, isn’t that extortion?

  17. carie, and what would that mean if the loan number differs from the modification. I will look through the paperwork. Indymac/one west is now only a servicer, who collects my mortgage payments. well where are my mortgage payments going and to who. Are they suppose to be going to deutsche, if they are in the mins.. you see this is what im not understanding.. and if im making payments. as i have been, what you are telling me is what..

  18. Liz,

    Look at your original loan number from 2006…then look at the loan number that is on your modified loan…I bet they are not the same number…doesn’t sound right to me…
    I also have Indymac…which is now NOT a loan company—they are “servicers” ONLY…your original loan went through the “mortgage-backed securities” fiasco, and there is probably no record of your original loan being assigned to Deutsche Bank…
    IndyMac is a debt collector. They created a “loan mod” for you, but you really need to check the fine print and educate yourself on what is really going on…lots of stuff to read here to help you understand…

  19. my modification states it does not replace the original mortgage. It just modifies the interest rate, years i owe still the same. so is this not a modification, i still send my payments to indymac and get a statement everymonth..with the interest rate and what is owed each month. So my question is how would i know as a homeowner. I am trying to educate myself on loans, what is right or wrong, what the banks did and so on. People say they want to get it out to the world and everyone just turns their heads..but tell me, tell us, what we should be looking for. As a homeowner /

  20. Let me ask you this, what is a copy of a real modification.. vs one that is not real.. This is what i am asking. What is in the modification that does not make it real and what is in the modification to make it not real. Servicers, have there not been servicers for many years on loans. I am reading what you all write, but please tell me what you are all getting out.. My servicer is who… I took out a mortgage from indy mac, in 2006, it says mers, min number brings me to deutshe.. remodification done in 2008, indy mac and it successors.. so tell me what I am not understanding.. and what is wrong in this picture.

  21. Someone sent me their loan modification. It’s an Amendment to the existing mortgage and the defect in the wording give rights to all assets, not just the houe, and creates an early pay-off penalty.

    The loan modification is presented by the SERVICER who calls themselves again LENDER.

    The loan had another 28 years, consumer would owe $350K at end of 28 years with another 10 years to pay the ‘interest’ if you will.

    Any principal reductions would apply first to years 30-40 balance.

    At the end of 28 years you could still lose the house if you can’t refinance back into a new note!

  22. I would like to see a copy of a real loan modification. Please let me know if you are willing to send me yours.

  23. Anti – MERS legislation defeated in AZ….

  24. msj, i had a modification done by indymac in 2008, and it has never been recorded, no assignment of mortgage is there on the modification. The only thing at the court is the indymac loan in 2006, where i see the mers, and min, and when i look into the min, it comes up deutsche.. now tell me does a modification have to be recorded.. what does anyone feel about this.

  25. @ Liz – What you need to do is go to your county clerks office and get copies of your paperwork because Deutsche Bank are very crooked, underhanded and deceptive. Their practices are deceptive, dishonorable and despicable in which they would go to any lengths to steal properties knowing that are not the true owners/lenders of the property. Please look into it ASAP

  26. Thank you JESUS, yes it’s about time. With all the complaints I’ve made and sent to the many different entities they’re starting to finally make moves.

  27. A little off track but worth checking out!

    http://rt.com/news/wikileaks-revelations-assange-interview/

  28. A little of track but worth checking out!!

    http://rt.com/news/wikileaks-revelations-assange-interview/

  29. I am a homeowner not behind on my mortgage, but with a mers, indymac bank, and when i put the mins number in comes up with Deutsche. Can anyone tell me what this actually does mean. Oh yes, i am paying a hefty mortgage and it is getting really tough… Do i have a troubled mortgage.. i read what is written on livinglies often and see what is going on around the u.s. I wonder at times, what i should be doing as a homeowner but not sure of all the aspects..

  30. Deal Book reports ‘spin’ provided by business entities who don’t want you to know how they do business. The information I find is pubic. DB is misleading you to believe related mess taking away attention from their own selves been knee deep throughout.

    MortgageIt (don’t let the name fool you to how egregious the transactions are) and intent!

    Subsidiary of MortgageIt Holdings, Inc.

    Note the (New York State business entities) were registered to appear recent. JURISDICTION: ‘Maryland

    Federal Reserve Report there is no ‘Mortgage It’ 12/31/2006 but money was moving through it long before 2006.

    Research reveals DB Mortgage as related to closings of MortgageIT the relationship:

    Federal Reserve Repository 12/31/2006: Details come up for national bank associations only?

    405 —-* DB MORTGAGE INVESTMENT INC. (2691215) 273 BALTIMORE MD Domestic Entity Other -Flows to #273 – who is: ->

    273 —* DB HOLDINGS (NEW YORK), INC. (1442737) 268 NEW YORK NY Domestic Entity
    Flows to #268 – who is:

    268 –* DB U.S. FINANCIAL MARKETS HOLDING CORPORATION\ (2259679) 102 NEW YORK NY Domestic Entity Other Flows to #102 who is:

    102 -* TAUNUS CORPORATION (2816906) 1 NEW YORK NY Financial Holding Company – Domestic
    Who Flows to #1 – Who is: who flows to

    1 * DEUTSCHE BANK AKTIENGESELLSCHAFT (1242423) FRANKFURT GERMANY F i n a n c i a l H o ld i n g Company – Foreign

    Who was in charge at that time saying ‘they did not know “what the bubble was”?’ Greenspan what did he exclude form his reports must be analyzed to identify the loopholes and defects of his analysis.
    Was he really on TIME’s COVER?

    More valuable research facts:

    Deutsche Bank “DB” MortgageIT – halted wholesale lending

    MortgageIT – consolidated with DB Home Lending, rumored to be offering agency loans only

    MortgageIT – layoffs and branch closure

    .mec comment Deutsche Bank AG was in big hurry to blow off entities bad debt moving money $10,000,000,000 hard and fast thru SEC ‘MortgageIt’ and notice they only created PROSPECTUS’s!!!! 2004-2005.

    Pay attention to the details. Don’t relay on the ‘press releases’ they become the way to control reasonable people pruchasing their stock and products – advertising that’s it!

    Deutsche Bank “DB” MortgageIT – halted wholesale lending (but from where?)

    MortgageIT – consolidated with DB Home Lending, rumored to be offering agency loans only (11/5/2010 list update related to article and link below 2/7/21 “A List of Mortgage Closures, Mergers and Layoffs”

    MortgageIT – layoffs and branch closure

    MEC looked up New York State Business Entities-2:
    MORTGAGEIT registered in NYS 2/22/1999 as
    MIT DOT COM, INC.

    Renamed June 15, 1999, as MORTGAGEIT, INC.
    NYS Business Entity registered 1999 Stock Information as follows:

    # of Shares / Type of Stock / $ Value per Share
    22,000,000 Par Value .01
    7,500,000 Par Value .01
    24,250,000 Par Value .01

    ———————————————————–

    Quoteing: ‘Follow the Money” N.Garfield. I am:

    FEDERAL RESERVE SYSTEM

    MORTGAGEIT CAPITAL TRUST I (3629831) NEW YORK NY Domestic Entity Other

    Created 01/02/2007 – Still open 05/02/2011
    MORTGAGEIT CAPITAL TRUST II (3629859) NEW YORK NY Domestic Entity Other

    01/02/2007 Created and 04/30/2008 CLOSED
    MORTGAGEIT CAPITAL TRUST III (3629868) NEW YORK NY Domestic Entity Other

    01/02/2007 Created still open 05/02/2011
    MORTGAGEIT SECURITIES CORP. (3918030) NEW YORK NY Domestic Entity Other
    02/02/2007 Established

    4/30/2008 Institution Closed with Federal Reserve.
    Not with SECCIK 1305551 (Asset-Backed Securities) Oldest transactions 10/12/04 – 10/25/05 only PROSPECTUS’s.
    IRS# 56-2483326
    Doug W. Naidus CEO
    10/12/2004
    $10,000,000,000 100% Maximum Offering
    Registration Fee $1,267,000 (paid to underwriters & Master Servicer just for publishing proposed maximum offering!)

    OFFERED SECURITIES
    “MortgageIt’ will establish 1 or more trusts and sell ‘mortgage pass-through certificates or mortgage-backed notes’

    ‘TRUST FUND’
    Securities will be secured by a TRUST FUND
    a segregated pool of mortgage loans
    -mortgage loans servued by 1st and jr. liens on the related mortgage property;
    -home equity revoling lines of credit (HELOC)
    -mortgage loans little or no equity in related mortgagge property
    -mortgage loans secured by ? (what)? residential
    -mortgage loans secured by ? (what?) commercial
    -manufactured housing conditional sales contracts and installment loan agreements – secured by what?

    MORTGAGEIT acquired from one or more affiliated or unaffiliated institutions.
    May include any one or any combination:
    a financial guaranty insurance policy,
    mortgage pool insurance policy,
    letter of credit,
    special hazard insurance policy, or
    reserve fund,
    currency or interest rate exchange agreements,
    orther type of credit enhancement described in this prospectus (.mec comment REDWOOD TRUST procurement credit enhancement?)

    In addition or in lieu of the foregoing, credit enhancment may be provided by means of subordination of one of more classes of securities by cross-collateralization or by overcollateralization.

    Search on secinfo.com (2)

    MortgageIT Securities Corp/Mortgage Loan Trust/Series 2007-1

    MortgageIT Securities Corp/Mortgage Loan Trust/Series 2007-2

    ——————————————
    Federal Reserve System :

    MORTGAGEIT SPV HOLDINGS, INC. (3630154) NEW YORK NY Domestic Entity Other
    01/02/2007 Created
    12/17/2008 Institution Closed.
    MORTGAGEIT, INC. (3629840) NEW YORK NY Domestic Entity Other

    01/02/2007 CREATED and still open 05/02/2011.

    http://www.ffiec.gov/nicpubweb/nicweb/SearchForm.aspx

    MortgageIT Parents are:

    Deutsche Bank Aktiengesellschaft
    a (Financial Holding Company – Foreign) and

    TANUS Corporation a
    (Financial Holding Co Domestic)

    MortgageIt operates under FRB ‘characteristic’

    Definition:

    Domestic Entity Other:
    Domestic institutions that engage in banking activities usually in connection with the business of banking in the United States.

    Deutsche Bank AG (Foreign) & Taurus (Domestic) operate thru Federal Reserve System using characteristic since 2000 (Gramm-Leach-Bliley Act)
    Please read this part slowly (Every 10 Years must sell and keep moving, moving, moving …)
    Federal Reserve System ‘Characteristic’

    Very Important Definition:

    Financial Holding Company
    A financial entity engaged in a broad range of banking-related activities, created by the Gramm-Leach-Bliley Act of 1999.

    These activities include: insurance underwriting, securities dealing and underwriting, financial and investment advisory services, merchant banking, issuing or selling securitized interests in bank-eligible assets, and generally engaging in any non-banking activity authorized by the Bank Holding Company Act.

    The Federal Reserve Board is responsible for supervising the financial condition and activities of financial holding companies. Similarly, any non-bank commercial company that is predominantly engaged in financial activities, earning 85% or more of its gross revenues from financial services, may choose to become a financial holding company. These companies are required to sell any non-financial (commercial) businesses within ten years.

    MortgageIt, Inc. New York,FRB: RSSD ID 3629840
    (note did not exist in 2006 for flow of currency in that name)

    Business Entity Search 2 Entities exist:
    MortgageIt, Inc. 2/22/1999
    Jurisdiction NY: Active
    CEO Dug W. Naidus
    60 Wall St
    15th Floor
    New York, NY 10005

    Former nameMIT DOT COM, Inc. 2/22/1999
    6/5/1999 changed to MORTGAGEIT, Inc.
    MORTGAGEIT HOLDINGS, CIN
    6/22/2004 Jurisdiction MD, County NY
    Termination 10/20/2009
    DOUG W. NAIDUS CEO
    33 Mainden Lane
    6th Floor
    New York, NY 10038

    (.mec comment RELATED TO “MAIDEN LANE?”? for another day

    From Business Entity registration you see that Jurisdiction ‘Maryland’

    Federal Reserve Report there is no ‘Mortgage It’ 12/31/2006 (how did it move money as a state or federal bank?)

    Note below on DB Mortgage as related to closings of MortgageIT and low and behold we have a prior (earlier) relationships.

    Federal Reserve System:

    405 —-* DB MORTGAGE INVESTMENT INC. (2691215) 273 BALTIMORE MD Domestic Entity Other

    Flows to #273 – who is:
    273 —* DB HOLDINGS (NEW YORK), INC. (1442737) 268 NEW YORK NY Domestic Entity
    Flows to #268 – who is:

    268 –* DB U.S. FINANCIAL MARKETS HOLDING CORPORATION\ (2259679)
    102 NEW YORK NY Domestic Entity Other
    Flows to #102 – who is:

    102 -* TAUNUS CORPORATION (2816906) 1 NEW YORK NY Financial Holding Company – Domestic
    Who Flows to #1 – Who is:

    1 * DEUTSCHE BANK AKTIENGESELLSCHAFT (1242423) FRANKFURT GERMANY F i n a n c i a l H o ld i n g Company – Foreign

    “Who” was in charge of claiming “We Don’t Know What The Bubble Is” or was it “WHY” or “WHO”? I know who.

    When GREENSPAN would annouce the numbers and all of the sheep would go crazy to catch the buy – short or long – did GREENSPAN not know what the bubble was? Then we need to know what Greenspan excluded form his reports. Or we will be reporting the same incorrect information to the public right?

    What were the loopholes (exclusions) defects and has SOMEBODY identified and corrected the defect?

    WILL WE SEE THAT REPORT ON THE COVER OF TIME? WHO IDENTIFIED THE DEFECTS? GREENSPAN IS ON THE COVER OF TIME RIGHT?

    Deutsche Bank “DB” MortgageIT – halted wholesale lending

    MortgageIT – consolidated with DB Home Lending, rumored to be offering agency loans only
    MortgageIT – layoffs and branch closure

    Lehman passes transactions through… YOU THINK YOU KNOW ….

    Have to let you know in Agreements during foreclosue that Master Servicer BUYER ‘Lehman’ and ‘entity called AURORA AS MASTER SERVICER PASS all loans to be foreclosued thru “National City” see 2010 list ” – ceases wholesale lending”
    Report includesnfo on Aurora as what the renamed Lehman Brothers Bank FSB?

    BUSINESS ENTITIES IN NY – (NOT IN FEDERAL RESERVE SYSTEM! SO HOW WERE THEY A LENDER? AS NOTED IN THE 2010 UPDATE?)

    Aurora Loan Financial Inc and LLC are/were WHAT, HOW, WHEN, WHERE, WHY, HOW? Come on – the business map depicting business flows from Aurora Loan Financial to Lehman Commodities (does not exist in NYS) only in Wyoming? In 2005 in NYS Aurora created for Loan Mitigation. Wow! 3 Year rolling plan in action. Foreclosues – ready – willing and able to take all of the 95% of uncontested defaults!

    Is Bloomberg a TRUSTED SOURCE for the consumers? as reasonable people? Remember they report only what they are given; print what they are given.

    I would guess somebody pays a lot for that privlege.
    Just another form of deceptive advertising targettging consumers.

    Hey America -still feeling ‘safe’ to Mortgage It!

    //Company Overview BLOOMBERG
    MortgageIT, Inc., a residential mortgage banking company, provides retail, wholesale, and correspondent lending products and services in the United States. The company focuses on originating and lending residential mortgage loans in the United States. It originates residential mortgage loans of various types, including prime adjustable-rate (ARM) and fixed-rate, first-lien residential mortgage loans, sub-prime mortgage loans, home equity lines of credit, and second lien loans. The company also originates prime first lien conventional and non-conventional, conforming single-family residential mortgage loans; non-conforming first lien single-family residential mortgage loans, such as jumbo loa…
    MortgageIT, Inc., a residential mortgage banking company, provides retail, wholesale, and correspondent lending products and services in the United States. The company focuses on originating and lending residential mortgage loans in the United States. It originates residential mortgage loans of various types, including prime adjustable-rate (ARM) and fixed-rate, first-lien residential mortgage loans, sub-prime mortgage loans, home equity lines of credit, and second lien loans. The company also originates prime first lien conventional and non-conventional, conforming single-family residential mortgage loans; non-conforming first lien single-family residential mortgage loans, such as jumbo loans, non-prime loans and ‘‘Alt A’’ loans, as well as home equity and second lien mortgage loans. In addition, it purchases prime first-lien closed mortgage loans from small to mid-sized banks, credit unions and mortgage bankers. MortgageIT offers its products and services through various business channels, such as retail lending, wholesale lending, correspondent lending, and title closing/settlement services. MortgageIT, Inc. was formerly known as MIT DOT COM, Inc. and changed its name to MortgageIT, Inc. in February 1999. The company was founded in 1988 and is based in New York, New York. MortgageIT, Inc. operates as a subsidiary of MortgageIT Holdings, Inc. “”
    How Deceptive: FOUNDED IN 1988
    33 Maiden Lane
    6th and 7th Floor
    New Yor 10038
    212-651-7700
    212-719-0933 (Fax)
    GOOGLE.COM states ‘Mortgagei, Inc. is a subsidiary Company
    SIC Industry “Mortgage Bankers & Brokers Revenu
    Revenue: $295,000,000,000
    Employees 2,328?
    NAICS: Wholesale Trade Agents and Brokers (425120)
    Norm Merritt President
    Doug Naidus Co-Founder Chairman and Chief Executive Officer
    Aurora – stopped wholesale and correspondent lending
    Aurora Loan Services – 160 employees laid off
    Aurora Loan Services – laid off 70 in Florida,
    139 in NJ
    Aurora Loan Services – cut 93 jobs in El Toro, CA
    ——————————————————————-
    Source of MortgageIt and relationship to DB from updated 2010 list related to this article 2/7/21:
    A List of Mortgage Closures, Mergers and Layoffs
    21Feb07
    So why are all these mortgage companies consolidating, laying off employees, sending out warnings, and going out of business?
    Well, a recent statistic revealed that 2.33% of all US mortgages are currently delinquent, a number which is sure to rise. And repurchases have tripled between the first and second quarter of 2006.
    Not to mention declining home values in almost every metropolitan area throughout the United States, sky-high home prices, rampant fraud, a deteriorating secondary market and unmanageable mortgage payments.
    I recently began adding mortgage lenders from parts of the world other than the United States that have issued profit warnings, as well as companies that remain open but have been affected seriously by the mortgage crisis in one way or another.
    According to a recent report, there were 86,126 mortgage job cuts in 2007, with another 30,000 to 40,000 expected by early 2008.
    ___________________________
    STRANGER DANGER ALERT:
    AURORA’ IS A PRETENDER LENDER. NEVER A LENDER THEY ARE SINCE 2005 A ‘LOAN MITIGATOR’ FOR LEHMAN COMMODITIES.
    AUROA LOAN SERVICES

    http://www.thetruthaboutmortgage.com/a-list-of-recent-mortgage-closures-mergers-and-layoffs/

    For example website Foreclosue Help By Bank:
    Wells Fargo, PHH MORTGAGE and PHH Bank! RBS, Quicken Loans, PNC, , US Bank NA, AmTrust Bank, FlagStar Bank, Countrywide (logo’s) ‘Ally fictitious name for GMAC Mortgage Corp the one in agreements with Wells Fargo Bank NA – Wells Fargo & Co/MN (formerly Norwest). BB&T BOA CapitalOne Bank, Chase, Citibank, Goldman, HSBC, KeyBank ING Bank, Merrill Lynch, Morgan Stanley, Option One, Regions, Sovereign, TD Bank, UBS, Union Bank, USAA

  31. MortgageIt (don’t let the name fool you to how egregious the transactions are) and intent! Subsidiary of MortgageIt Holdings, Inc. (New York State business entities).

    Notice Jurisdiction ‘Maryland’ so in Federal Reserve Report there is no ‘Mortgage It’ 12/31/2006 but there is a note below on DB Mortgage as related to closings of MortgageIT and low and behold we have a relationship:

    405 —-* DB MORTGAGE INVESTMENT INC. (2691215) 273 BALTIMORE MD Domestic Entity Other

    Flows to #273 – who is:

    273 —* DB HOLDINGS (NEW YORK), INC. (1442737) 268 NEW YORK NY Domestic Entity

    Flows to #268 – who is:

    268 –* DB U.S. FINANCIAL MARKETS HOLDING CORPORATION\ (2259679)
    102 NEW YORK NY Domestic Entity Other

    Flows to #102 – who is:
    102 -* TAUNUS CORPORATION (2816906) 1 NEW YORK NY Financial Holding Company – Domestic

    Who Flows to #1 – Who is:
    1 * DEUTSCHE BANK AKTIENGESELLSCHAFT (1242423) FRANKFURT GERMANY F i n a n c i a l H o ld i n g Company – Foreign

    Who was in charge at that time saying ‘they did not know what the bubble was?’ Why did Greenspan exclude form his reports will be loophole and someone should identify to correct defect.

    Deutsche Bank “DB” MortgageIT – halted wholesale lending

    MortgageIT – consolidated with DB Home Lending, rumored to be offering agency loans only

    MortgageIT – layoffs and branch closure

    Deutsche Bank AG was in big hurry to blow off entity bad debt moving money and attention to: Deutsche Bank “DB” MortgageIT – halted wholesale lending (but from where?)

    MortgageIT – consolidated with DB Home Lending, rumored to be offering agency loans only (11/5/2010 list update related to article and link below 2/7/21 “A List of Mortgage Closures, Mergers and Layoffs”

    MortgageIT – layoffs and branch closure

    MORTGAGEIT registered in NYS 2/22/1999 as
    MIT DOT COM, INC. Renamed June 15, 1999, as MORTGAGEIT, INC.

    NYS Business Entity registered 1999 Stock Information as follows:
    # of Shares / Type of Stock / $ Value per Share
    22,000,000 Par Value .01
    7,500,000 Par Value .01
    24,250,000 Par Value .01

    ———————————————————–
    FEDERAL RESERVE SYSTEM
    ‘Follow the Money”

    MORTGAGEIT CAPITAL TRUST I (3629831) NEW YORK NY Domestic Entity Other
    Created 01/02/2007 – Still open 05/02/2011

    MORTGAGEIT CAPITAL TRUST II (3629859) NEW YORK NY Domestic Entity Other
    01/02/2007 Created and 04/30/2008 CLOSED

    MORTGAGEIT CAPITAL TRUST III (3629868) NEW YORK NY Domestic Entity Other
    01/02/2007 Created still open 05/02/2011

    MORTGAGEIT SECURITIES CORP. (3918030) NEW YORK NY Domestic Entity Other
    02/02/2007 Established
    4/30/2008 Institution Closed with Federal Reserve.
    Not with SECCIK 1305551 (Asset-Backed Securities) Oldest transactions 10/12/04 – 10/25/05 only PROSPECTUS’s.
    IRS# 56-2483326
    Doug W. Naidus CEO

    10/12/2004
    $10,000,000,000 100% Maximum Offering
    Registration Fee $1,267,000 (paid to underwriters & Master Servicer just for publishing proposed maximum offering!)

    OFFERED SECURITIES
    “MortgageIt’ will establish 1 or more trusts and sell ‘mortgage pass-through certificates or mortgage-backed notes’

    ‘TRUST FUND’
    Securities will be secured by a TRUST FUND
    a segregated pool of mortgage loans
    -mortgage loans servued by 1st and jr. liens on the related mortgage property;
    -home equity revoling lines of credit (HELOC)
    -mortgage loans little or no equity in related mortgagge property
    -mortgage loans secured by ? (what)? residential
    -mortgage loans secured by ? (what?) commercial
    -manufactured housing conditional sales contracts and installment loan agreements – secured by what?

    MORTGAGEIT acquired from one or more affiliated or unaffiliated institutions.

    May include any one or any combination:
    a financial guaranty insurance policy,
    mortgage pool insurance policy,
    letter of credit,
    special hazard insurance policy, or
    reserve fund,
    currency or interest rate exchange agreements,
    orther type of credit enhancement described in this prospectus (REDWOOD TRUST?)

    In addition or in lieu of the foregoing, credit enhancment may be provided by means of subordination of one of more classes of securities by cross-collateralization or by overcollateralization.

    MortgageIT Securities Corp/Mortgage Loan Trust/Series 2007-1

    MortgageIT Securities Corp/Mortgage Loan Trust/Series 2007-2

    MORTGAGEIT SPV HOLDINGS, INC. (3630154) NEW YORK NY Domestic Entity Other
    01/02/2007 Created
    12/17/2008 Institution Closed.

    MORTGAGEIT, INC. (3629840) NEW YORK NY Domestic Entity Other
    01/02/2007 CREATED and still open 05/02/2011.

    http://www.ffiec.gov/nicpubweb/nicweb/SearchForm.aspx

    MortgageIT Parents are:
    Deutsche Bank Aktiengesellschaft a (Financial Holding Company – Foreign) and
    TANUS Corporation a (Financial Holding Co Domestic)

    MortgageIt operates under FRB ‘characteristic’
    Domestic Entity Other:
    Domestic institutions that engage in banking activities usually in connection with the business of banking in the United States.

    Deutsche Bank AG (Foreign) & Taurus (Domestic) operate thru Federal Reserve System using characteristic since 2000 (Gramm-Leach-Bliley Act)

    Please read this part slowly (Every 10 Years must sell and keep moving, moving, moving …)

    Federal Reserve System ‘Characteristic’

    Financial Holding Company
    A financial entity engaged in a broad range of banking-related activities, created by the Gramm-Leach-Bliley Act of 1999.

    These activities include: insurance underwriting, securities dealing and underwriting, financial and investment advisory services, merchant banking, issuing or selling securitized interests in bank-eligible assets, and generally engaging in any non-banking activity authorized by the Bank Holding Company Act.

    The Federal Reserve Board is responsible for supervising the financial condition and activities of financial holding companies. Similarly, any non-bank commercial company that is predominantly engaged in financial activities, earning 85% or more of its gross revenues from financial services, may choose to become a financial holding company. These companies are required to sell any non-financial (commercial) businesses within ten years.

    MortgageIt, Inc. New York,FRB: RSSD ID 3629840
    (note did not exist in 2006 for flow of currency in that name)

    Business Entity Search 2 Entities exist:
    MortgageIt, Inc. 2/22/1999
    Jurisdiction NY: Active

    CEO Dug W. Naidus
    60 Wall St
    15th Floor
    New York, NY 10005

    Former nameMIT DOT COM, Inc. 2/22/1999
    6/5/1999 changed to MORTGAGEIT, Inc.

    MORTGAGEIT HOLDINGS, CIN
    6/22/2004 Jurisdiction MD, County NY
    Termination 10/20/2009
    DOUG W. NAIDUS CEO
    33 Mainden Lane
    6th Floor
    New York, NY 10038

    (RELATED TO “MAIDEN LANE?”? for another day

    Notice Jurisdiction ‘Maryland’ so in Federal Reserve Report there is no ‘Mortgage It’ 12/31/2006 but there is a note below on DB Mortgage as related to closings of MortgageIT and low and behold we have a relationship:

    405 —-* DB MORTGAGE INVESTMENT INC. (2691215) 273 BALTIMORE MD Domestic Entity Other

    Flows to #273 – who is:

    273 —* DB HOLDINGS (NEW YORK), INC. (1442737) 268 NEW YORK NY Domestic Entity

    Flows to #268 – who is:

    268 –* DB U.S. FINANCIAL MARKETS HOLDING CORPORATION\ (2259679)
    102 NEW YORK NY Domestic Entity Other

    Flows to #102 – who is:
    102 -* TAUNUS CORPORATION (2816906) 1 NEW YORK NY Financial Holding Company – Domestic

    Who Flows to #1 – Who is:
    1 * DEUTSCHE BANK AKTIENGESELLSCHAFT (1242423) FRANKFURT GERMANY F i n a n c i a l H o ld i n g Company – Foreign

    Who was in charge at that time saying ‘they did not know what the bubble was?’ Why did Greenspan exclude form his reports will be loophole and someone should identify to correct defect.

    Deutsche Bank “DB” MortgageIT – halted wholesale lending

    MortgageIT – consolidated with DB Home Lending, rumored to be offering agency loans only

    MortgageIT – layoffs and branch closure

    Lehman passes transactions through

    Have to let you know in Agreements during foreclosue that Master Servicer BUYER ‘Lehman’ and ‘entity called AURORA” passes all loans to be foreclosued thru
    “National City” see 2010 list ” – ceases wholesale lending”

    Report includesnfo on Aurora as what the renamed Lehman Brothers Bank FSB? that is not what Aurora Loan Financial Inc and LLC are/were.

    Bloomberg TRUSTED SOURCE remember they report what they are given and print what they are given. I would guess then the companies pay a big fee to be part of BLOOMBERG so get their promotional information into the public domain. Another form of deceptive advertising and American’s feeling ‘safe’ to Mortgage It!

    //Company Overview
    MortgageIT, Inc., a residential mortgage banking company, provides retail, wholesale, and correspondent lending products and services in the United States. The company focuses on originating and lending residential mortgage loans in the United States. It originates residential mortgage loans of various types, including prime adjustable-rate (ARM) and fixed-rate, first-lien residential mortgage loans, sub-prime mortgage loans, home equity lines of credit, and second lien loans. The company also originates prime first lien conventional and non-conventional, conforming single-family residential mortgage loans; non-conforming first lien single-family residential mortgage loans, such as jumbo loa…

    MortgageIT, Inc., a residential mortgage banking company, provides retail, wholesale, and correspondent lending products and services in the United States. The company focuses on originating and lending residential mortgage loans in the United States. It originates residential mortgage loans of various types, including prime adjustable-rate (ARM) and fixed-rate, first-lien residential mortgage loans, sub-prime mortgage loans, home equity lines of credit, and second lien loans. The company also originates prime first lien conventional and non-conventional, conforming single-family residential mortgage loans; non-conforming first lien single-family residential mortgage loans, such as jumbo loans, non-prime loans and ‘‘Alt A’’ loans, as well as home equity and second lien mortgage loans. In addition, it purchases prime first-lien closed mortgage loans from small to mid-sized banks, credit unions and mortgage bankers. MortgageIT offers its products and services through various business channels, such as retail lending, wholesale lending, correspondent lending, and title closing/settlement services. MortgageIT, Inc. was formerly known as MIT DOT COM, Inc. and changed its name to MortgageIT, Inc. in February 1999. The company was founded in 1988 and is based in New York, New York. MortgageIT, Inc. operates as a subsidiary of MortgageIT Holdings, Inc. “”

    How Deceptive: FOUNDED IN 1988
    33 Maiden Lane
    6th and 7th Floor
    New Yor 10038
    212-651-7700
    212-719-0933 (Fax)

    GOOGLE.COM states ‘Mortgagei, Inc. is a subsidiary Company
    SIC Industry “Mortgage Bankers & Brokers Revenu
    Revenue: $295,000,000,000
    Employees 2,328?
    NAICS: Wholesale Trade Agents and Brokers (425120)

    Norm Merritt President
    Doug Naidus Co-Founder Chairman and Chief Executive Officer

    Aurora – stopped wholesale and correspondent lending

    Aurora Loan Services – 160 employees laid off

    Aurora Loan Services – laid off 70 in Florida,
    139 in NJ

    Aurora Loan Services – cut 93 jobs in El Toro, CA
    ——————————————————————-
    Source of MortgageIt and relationship to DB from updated 2010 list related to this article 2/7/21:
    A List of Mortgage Closures, Mergers and Layoffs
    21Feb07
    So why are all these mortgage companies consolidating, laying off employees, sending out warnings, and going out of business?
    Well, a recent statistic revealed that 2.33% of all US mortgages are currently delinquent, a number which is sure to rise. And repurchases have tripled between the first and second quarter of 2006.
    Not to mention declining home values in almost every metropolitan area throughout the United States, sky-high home prices, rampant fraud, a deteriorating secondary market and unmanageable mortgage payments.
    I recently began adding mortgage lenders from parts of the world other than the United States that have issued profit warnings, as well as companies that remain open but have been affected seriously by the mortgage crisis in one way or another.
    According to a recent report, there were 86,126 mortgage job cuts in 2007, with another 30,000 to 40,000 expected by early 2008.
    ___________________________

    STRANGER DANGER ALERT:
    AURORA’ IS A PRETENDER LENDER. NEVER A LENDER THEY ARE SINCE 2005 A ‘LOAN MITIGATOR’ FOR LEHMAN COMMODITIES.

    AUROA LOAN SERVICES

    http://www.thetruthaboutmortgage.com/a-list-of-recent-mortgage-closures-mergers-and-layoffs/

    For example website Foreclosue Help By Bank:
    Wells Fargo, PHH MORTGAGE and PHH Bank! RBS, Quicken Loans, PNC, , US Bank NA, AmTrust Bank, FlagStar Bank, Countrywide (logo’s) ‘Ally fictitious name for GMAC Mortgage Corp the one in agreements with Wells Fargo Bank NA – Wells Fargo & Co/MN (formerly Norwest). BB&T BOA CapitalOne Bank, Chase, Citibank, Goldman, HSBC, KeyBank ING Bank, Merrill Lynch, Morgan Stanley, Option One, Regions, Sovereign, TD Bank, UBS, Union Bank, USAA

  32. About time,

    My guess is we’ll see more of this the closer we get to the election…timing is always amazing on this kind of stuff.

    Get well soon Niel!

    Chas

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