Nancy Drewe Probes Wells Fargo Associations

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Lets start with Wells Fargo HSBC Trade Bank NA the first United States Trade Bank APPROVED BY THE OFFICE OF THE COMPTROLLER OF THE CURRENCY 1995, ALLOWED ‘TREASURY’ TO BE ON DESKTOP OF EQUITY PARTNERS AND HEDGE FUND MANAGERS.

Strategic partnership involving ‘stock’ ownership in which proceeds of both companies are invested into the merchant bank.

60% ‘Wells Fargo & Co/MN and 40% HSBC as approved by Office of Comptroller of Currency, the FFIEC Wells Fargo HSBC Trade Bank NA a child in the reporting relationship to Parent Norwest Corp RSSD ID 1120754.

SECINFO.COM http://www.secinfo.com

Federal Financial Examinations Council: FFIEC.GOV.

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

Search for ‘parts’ of name of financial institution

WELLS FARGO & COMPANY/MN
FORMERLY ‘NORWEST CORP’
420 MONTGOMERY STREET
SAN FRANCISCO, CA, UNITED STATES 94104
RSSD ID: 1120754

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.

THIS REPORT IS EASY TO TRAIN YOUR EYES TO UNDERSTAND HOW MONEY FLOWS. SEQUENCE # IN LEFT HAND COLUMN A SEQUENTIAL NUMBER. THE HIGHER THE # THE NEWER THE ‘ENTITY’ IN THE ORGANIZATION. THE SEQUENCE # THAT FOLLOWS THE NAME (RSSD ID) REVEALS WHICH ENTITY CURRENCY FLOWS TO/FROM.

IN ADDITION, YOU CAN CREATE A REPORT BY DATE OF THE FUNDING, FORECLOSURE, ETC. IMPORTANT RELATIVE TO REOGANIZATIONS, DIVESTITURES, ACQUISITONS.

SIGNIFICANT THAT ‘WELLS FARGO HSBC TRADE BANK NA’ FLOWS TO WFC HOLDINGS A BANK HOLDINGS COMPANY. THEN WELLS FARGO & CO/MN PARENT A FINANCIAL HOLDING COMPANY WHERE MANY ‘ENTITIES’ FLOW INTO AND OUT OF.

1 * WELLS FARGO & COMPANY (1120754) SAN
FRANCISCO CA Financial Holding Company – Domestic
1841 -* ALTERNATIVE STRATEGIES GROUP, INC. (2372028) 1 CHARLOTTE NC Domestic Entity Other
1861 –* LANDMARK EQUITY PARTNERS XIV ASP FUND, LLC
(3828933) 1841 WILMINGTON DE Domestic Entity Other

1885 -* WFC HOLDINGS CORPORATION (2741679) 1 SAN
FRANCISCO CA Bank Holding Company
4742 –* WELLS FARGO HSBC TRADE BANK, NATIONAL ASSOCIATION (2332808) 1885 SAN FRANCISCO CA
4743 –* CHARTER HOLDINGS INC (2399164) 1885 LAS VEGAS NV DOMESTIC ENTITY OTHER
4744 —*+ WELLS FARGO BANK, NA (451965) 4743 SIOUX FALLS, SD NATINAL BANK
4745 –* WELLS FARGO CAPITAL A (2545402) 1885 SAN FRANCISCO CA
4746 –* WELLS FARGO CAPITAL B (2545420) 1885 SAN FRANCISCO CA
4747 –* WELLS FARGO CAPITAL C (2545439) 1885 SAN FRANCISCO CA
4748 –* WELLS FARGO CAPITAL I 2545448) 1885 SAN FRANCISCO CA
4750 –* WELLS FARGO INDIA SOLUTIONS PRIVATE LIMITED (3486472) 1885 HYDERBAD INDIA (OTHER)
4751 –* WELLS FARGO CAPITAL HOLDINGS, INC. 93605817) 1885 IRVINE CA
4752 –* WELLS FARGO CENTRAL PACIFIC HOLDINGS, INC. (3605826) 1885 SAN FRANCISCO CA
4753 —* RELS TITLE SERVICES, LLC (2724038) 4752 DES MOINES IA
4754 —-* ATI TITLE AGENCY OF OHIO, INC. (2253275) 4753 CLEVELAND OH
4755 —-* ATI TITLE COMPANY, LLC (2734046) 4753 DES MOINES IA
4756 —-* ATI TITLE COMPANY OF ALABAMA, LLC (3094242) 4753 MOBILE AL
4757 —-* RELS MANAGEMENT COMPANY, LLC (3094251) 4753 MINNETONKA MN
4758 —–* RES DIRECT, LLC (3094260) 4757 BLOOMINGTON MN
4759 —–* ACCOUNTING SERVICES, LLC (3348525) 4757 MINNETONKA MN
4760 —* WELLS FARGO REAL ESTATE CAPITAL INVESTMENTS, LLC (3377619) 4752 LOS ANGELES CA
4761 —* WELLS FAROGO WIND HOLDINGS LLC (3631218) 4752 SAN FRANCISCO CA
4762 —-* WELLS FARGO CEDAR CREDK LLC (3671063) 4761 SAN FRANCISCO CA
4766-* WELLS FARGO EXCHANGE SERVICES, INC (2855848 1 WINSTON-SALEM NC
4767 –* NCT EXCHANGE, LLC (3365166) 4766 CHARLOTTE NC
4768 –*( RYACCOM, LLC (3411223) 4766 CHARLOTTE NC
4769 –* RIGGS RENTAL EXCHANGE, LLC (4031918) 4766 WINSTON-SALEM NC
4770 -* INTERWEST CAPITAL TRUST I (2860374) 1 OAK HARBOR WA
4771 -* BRYAN, PENDLETON, SWATS & MCALLISTER, LLC (2905677) 1 BRENTWOOD TN
4773 -* WELLS FARGO INVESTMENT GROUPO, INC. (2920858) 1 MINNEAPOLIS MN
4774 –* WELLS FARGO INVESTMENTS LLC (2949233) 4773 SAN FRANCISCO CA SECURITIES BROKER/DEALER
4775 —* WFI INSURANCE AGENCY MONTANA, INC. (2603955) 4774 MINNEAPOLIS MN
4777 —* STAGECOACH INSURANCE SERVICES LLC 93443653) 4774 SAN FRANCISCO CA
4778 –* WELLS FARGO FUNDS MANAGEMENT LLC (3016002) 4773 SAN FRANCISCO CA
4779 –* WELLS FARGO ALTERNATIVE ASSET MANAGEMENT LLC (3079856) 4773 SAN FRANCISCO CA
4780 –* NVP ASSOCIATES LLC z93084672) 4773 PALO ALTO CA
4781 —* NORWEST VENTURE PARTNERS ADVISORY – MAURITIUS (3603747) 4789 EBENE MAURITIUS
4782 —-* ^ NVP VENTURE CAPITAL INDIA PRIVATE LTD (3628674) 4781 MUMBAI INDIAN FOREIGN ENTITY
4783 —* NVP ISRAEL LTD (3927050) 4780 HERZELIA ISRAEL
4784 –* NELSON CAPITAL MANAGEMENT LLC 4773 SAN FRANCISCO CA
4785 –* WACHOVIA SECURITIES FINANCIAL HOLDINGS, LLC
(3204395) 4773 SAINT LOUIS MO
4786 —* A.G. EDWARDS & SONS LLC (2375355) 4785 SAINT LOUIS MO
4787 —*WELLS FARGO ADVISORS INSURANCE AGENCY LLC 92680004) 4785 RICHMOND VA
4788 —* WELLS FARGO ADVISORS LLC (2752189) 4785 SAINT LOUIS MO SECURITIES BROKER/DEALER

4795 —* FIRST CLEARING, LLC (3200155) 4785 SAINT LOUIS MO SECURITIES BROKER/DEALER
4798 —* FA RECRUITING SERVICES, LLC (3296916) 4785 RICHMOND VA
4799 –* WELLS FARGO FUNDS DISTRIBUTOR LLC (3349483) 4773 SAN FRANCISCO CA SECURITIES BROKER/DEALER
4800 -* FUNC HOLDINGS INC. (2924155) 1 JACKSONVILLE FL
4801 –* WACHOVIA SETTLEMENT SERVICES LLC (2924164) 4800 JACKSONVILLE FL
4802 —* OMNISERVE OF ALABAMA LLC (3115192) 4801 BIRMINIGHAM AL
4803 –* WACHOVIA SETTLEMETN SERVICES OF AL, LLC (3212550) 4800 JACKSONVILLE FL
4804 -* NERO LIMITED LLC 92940986) 1 MINNEAPLIS MN
4805 –* TIBERIUS VENTURE SLLC (2898434) 4804 MINNEAPLIS MN
4806 —* NORWEST LIMITED LP, LLLP (2784881) 4805 MINNEAPOLIS MN
4807 —–* NORWEST EQUITY PARTNERS V, A MINNESOTA LIMITED PARTNERS (2306966) 4806 MINNEAPOLIS MN
….

Event Date Historical Event
1995-10-05 WELLS FARGO HSBC TRADE BANK, NATIONAL ASSOCIATION located at 525 MARKET STREET, SAN FRANCISCO, CA was established as a National Bank.
2003-07-28 WELLS FARGO HSBC TRADE BANK, NATIONAL ASSOCIATION moved to ONE FRONT STREET, 20TH FLOOR SAN FRANCISCO, CA.
2010-05-10 WELLS FARGO HSBC TRADE BANK, NATIONAL ASSOCIATION was acquired by WELLS FARGO BANK, NATIONAL ASSOCIATION

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22 Responses

  1. WELLS FARGO HOME MORTGAGE
    BRIAN J. LAURENZO
    DORESEY & WHITNEY LLP
    801 GRAND AVE
    DES MOINES IA 50309

    MARK C. OMAN WEST DES MOINES IA
    MICHAEL J. HEID URBANDALE IA
    PRE-APPROVAL MARKETING OFFERS
    04/01/2004
    PUB NO: US 2004/0064402 A1

    NOVEL METHOD FUNDING
    REVEALS HOW NATIONWIDE TELESALES BYPASS BROKERAGES AND GOES DIRECT TO INDEPENDENT TITLE ABSTRACTORS WHO TRADE AND EXCHANGE IN SECONDARY MARKET PROMISSORY NOTES

    http: // http://www.scribd.com/doc/76730044/WFHM-PATENT-NovelMethodFundingMortgageLoanpat20040064402

  2. NOVEL METHOD
    WELLS FARGO HOME MORTGAGE
    BRIAN J. LAURENZO
    DORESEY & WHITNEY LLP
    801 GRAND AVE
    DES MOINES IA 50309

    MARK C. OMAN WEST DES MOINES IA
    MICHAEL J. HEID URBANDALE IA
    PRE-APPROVAL MARKETING OFFERS
    04/01/2004
    PUB NO: US 2004/0064402 A1

    REVEALS HOW NATIONWIDE TELESALES BYPASS BROKERAGES AND GOES DIRECT TO INDEPENDENT TITLE ABSTRACTORS WHO TRADE AND EXCHANGE IN SECONDARY MARKET PROMISSORY NOTES

    http: // http://www.scribd.com/doc/76730044/WFHM-PATENT-NovelMethodFundingMortgageLoanpat20040064402

  3. Closer highlights for Jan. 10
    By: Dave Matthews January 10, 2012
    Mortgage
    A venture led by Chicago-based real estate and financial services firm Draper & Kramer Inc. borrowed about $56.8 million last month to refinance a 656-unit South Loop apartment tower. North Wales, Pa.-based Oppenheimer Multifamily Housing & Healthcare Financing Inc. issued the loan for 1130 S. Michigan Ave., property records show. The mortgage is a 35-year, fixed-rate loan insured by the U.S. Department of Housing and Urban Development, says Bill Van Senus, senior vice-president at Draper & Kramer. The 43-story tower is 95% occupied, Mr. Van Senus says. The new mortgage retires $41 million in prior debt issued in 2009 by Wells Fargo Bank N.A.
    FOUND AT:

    http://webcache.googleusercontent.com/search?q=cache:1OvA-jl7cIcJ:www.chicagorealestatedaily.com/article/20120110/CRED05/120119976/closer-highlights-for-jan-10+draper+and+kramer+wells+fargo&cd=19&hl=en&ct=clnk&gl=us

    Stay up-to-date on Chicago real estate with our free, daily e-newsletter

    Poster opinion: Now come on, will the pillage ever stop? Why does this Chicago-based real estate company/landlord need to turn to a Pennsylvania-based lender to refinance (use as an ATM) its Chicago skyscraper? Why doesn’t it use Draper & Kramer Mortgage Company aka First Advantage Mortgage Corp (it’s own lending operations, which are wholesale affiliates of Bank Of America and Wells Fargo)?? Could it be that it is easier to get another state’s “lender” to fall for (or co-conspire) an overappraisal of collateral insured with taxpayer money?
    Let’s see, what could happen here: WF was repaid. If DKI defaults on the OMHHF “loan”, HUD will repay it, and the prop will remain a rental – with DKI being the landlord collecting the rent (of course, DKI will then be able to reimburse HUD after settling the default for pennies on the dollar). Sounds like a win-win for DKI, OMHHF, and WF – losers=taxpayers and HUD! For some reason, there is no mention of WF being a partner with OMHHF’s parent holding company. Free money, right out of the American Peoples’ pocket – but not to worry, the rentals are expensive, but you’re in Chicago – and you have the best slumlord in town in charge! And even better, your rent money will be used to purchase even more skyscrapers for use as ATM’s, and more lawyers to take homes away from homeowners!

    Wells Fargo is the ringleader of the entire Ponzi explosion, isn’t it? yet it is rarely investigated? Wait for it – BOA is falling out, WF will absorb BOA minus liability? Is this the government’s “parent” – Fed Reserve and Gov are sister corps – really run/owned by Wells Fargo?? Anyone who discovers a connection destroyed by credit reporting, media, and courts – all joint ventures of Wells Fargo? US/Mexico Drug trade sponsored/run by Wells Fargo – NO INDICTMENTS OR LIABILITY IMPOSED……

    And people are supposedly “voting” for ROMNEY???? who is apparently sponsored by Wells Fargo!!!

    Where in hell is this all going?

  4. PROSPECT MORTGAGE LLC

    Headquartered in Sherman Oaks, CA, Prospect Mortgage is one of the largest independent residential retail mortgage lenders in the United States. It is a leading lender offering a full range of quality home loans, including FHA and VA, conventional, jumbo and super jumbo, renovation and more. Read more about Prospect at www .my Prospect Mortgage . com .

    Specialties Residential Mortgage Lending

    fha case no 241-7969493

    HUD approved Prospect Mortgage LLC to be a Direct Endorsement Mortgagee July 1999,

    Headquartered in Sherman Oaks, CA, Prospect Mortgage is one of the largest independent residential retail mortgage lenders in the United States. Prospect operates in several state through over 200 FHA-approved branch offices employes appox 2,500 individuals Prospect sells all loans that it originates into SECONDARY MARKET on a SERVICING RELEASED BASIS.

    ITS PRIMARY INVESTORSS INCLUDE ‘WELLS FARGO HOME MORTGAGE’ AND ‘GMAC MORTGAGE’. ITS AN AUTHORIZED AGENT FOR 3 PRINCIPALS AND ACTS AS PRINCIPAL FOR 7 AUTHORIZED AGENTS. Company enjoys excellent relationshisp with both consumers and investors.

    FHA lending constitutes appox 60% of Prospect’s business operations.

    FHA lending represents substantive portion of Prospect’s overall production.

    It is a leading lender offering a full range of quality home loans, including FHA and VA, conventional, jumbo and super jumbo, renovation and more. Read more about Prospect at http://www.myProspectMortgage.com. Its branch office did not underwite one of five defaulted loans in a reasonable timely manner. As a result, the FHA insurance fund was exposed to an unnecessary increased risk, and the effectiveness of Prospect Mortgage’s qualify control process was lessened. HUD require Prospect Mortgage to indemnify $193,357 for the loan which it issued. See HUD Handbook 2000.06, REV-3.

    The unpaid principal balance for the loan $193,357, and projected loss to HUD is $116,014.

    Prospect Mortgage LLC is a nonsupervised direct endorsement lender of FHA loans.

    Branch office issued 51 FHA loans valued at $14.2 Million June 2007 and May 2009 that defaulted within first two years.

    Of the 51 loans, 27 remained after terminations and refinances were eliminated. Loans valued at more than $7.4 million. Five of the loan were reviweed valued at approximately $1.2 million.

    October 16, 2009, the Prospect Mortgage LLC Maryland branch was precluded from originating single-family loans.

    Significant finding of those 5 loans $1.2 Million, branch office did not originate one of five loans.

    http://www.hudoig.gov/pdf/auditreports/VA/ig1031010.pdf

    Prospect Mortgage’s branch office 10201 Lee Highway, Suite 570, Fairfax VA.

    June 2007 to May 2009 15% default compared to state average 6.77.

    Specialties

    Residential Mortgage Lending

    Specialties

    Residential Mortgage Lending

    Specialties

    Residential Mortgage Lending

    Specialties

    Residential Mortgage Lending

    DC-1518957 V 5 0309012-00106

    DEBT COLLETION IMPORVEMENT ACT

    CODIFIED AT 31 U.S.C SUPRA 3701, ET. SEQ.

    AGREEMENT BINDING AND INSURES TO BENEFIT OF RESPONDENT’S PREDECESSORS, SUCCESSORS, TRANSFEREES, DIRECTORS, MANAGERS, OFFICERS, AGENTS, REPRESENTATIVES, AND ASSIGNS.

    FAILED TO COMPLY WITH HUDS’ SINGLE-FAMILY MORTGAGE INSURANCE PROGRAMS.

    HUD ALLEGES THAT A SERIES LIMITED LIABILITY COMPANY THAT ORIGINATES AND FUNDS FHA INSURED MORTGAGES AS AN FHA-APPROVED MORTGAGEE IN THE MANNER THAT RESPONDENT HAS, DOES NOT COMPLY WITH HUD/FHA’S GUIDELINES FOR THE OPERATION OF BRANCH OFFICES.

    HUD ALSO ALLEGES THAT CERTAIN OF RESPONDENT’S AFFILIATED BUSINESS ARRANGEMENTS OR SERIES LIMITED LIAIBLITY COMPANIES DID NOT COMPLY WITH RESPA REQUIREMENTS GOVERNING AFFILITED BUSINESS ARRANGEMENTS, INCLUDING THE REQUIREMENT FOR SUFFICIENT INTITAL CAPITAL AND SEPARATE DECICATED EMPLOYES.

    HUD INDICATED INTENT TO ISSUE NOTICE OF VIOLATION AND PURSUE ADMINISTRATIVE ACTIONS AGAINS RESPONDENT BASED ON AFOREMENTIONED ALLEGED VIOLATIONS OF HUD/FHA REQUIREMENTS AND SECTION 8 OF RESPA:

    PROSPECT MORTGAGE LLC DENIES HUD ALLEGATIONS.

    PROSPECT MORTGAGE, LLC. ‘WELLS FARGO SUBSIDIARY’

    RONALD L. BERGUM, CEO

    7/8/2011

    HUD ACTING FHA COMMISSIONER

    ROBERT RYAN

    7/8/2011

    RESPONDENT ALLEGES PROSPECT MORTGAGE LLC (WELLS FARGO’S SUBSIDAIRY) IT HAD DISCLOSED ITS BUSINESS STRUCTURE OT HUD IN PREVIOUS HUD AUDIT AND THEREFORE UNDER ‘ASSUMPTION’ THAT ITS BUSINESS STRUCTURE DID NOT VIOLATE HUD/FHA REQUIREMENTS OR RESPA.

    RESPONDING TERMINTED AND WOUND DOWN THE ‘AFFILIATED BUSINESS ARRANEMENTS’ THAT WERE THE SUBJECT OF REVIEW AND REFERENCES TO THOSE AFFILAITED BUSINESS ARRANGEMENTS HAVE BEEN REMOVED FROM RESPONDENT’S WEBSITE.

    WITH RESPECT TO FUTURE AFFILIATED BUSINESS ARRANGEMENTS THAT RESPONDENT MAY ENTER INTO OR CREATE WITH SETTLEMENT SERVICE PROVIDERS, RESPONDENT AGREES TO COMPLTY WITH RESPA AND FHA REQUIREMENTS IN STRUCTURING AND OPERATING THESE ARRANGEMENTS.

    RESPONDENT AGRESS TO MAE PAYMENT OF THREE MILLION ONE HUNDRED THOUSAND DOLLARS.

    INITIAL PAYMENT OF ONE MILLION DOLLARS ALONG WITH EXECUTED COPIES OF THIS AGREEMENT.

    FIRST PAYMENT OF ONE MILLION FIFTY THOUSAND DOLLARS, PLUS INTEREST OF 5% PAID WITHIN 12 MONTHS OF THIS EFFECTIVE DATE OF THIS AGREEMENT.

    PROSPECT MORTGAGE LLC, AGREEMS TO MAKE SECOND AND FINAL PAYMENT OF ONEMILLION FIFTH THOUSAND DOLLARS, PLUS INTEREST 5% WITHIN 12 MONTHS OF DATE WHICH RESPONDENT MADE FIRST INSTALLMENT PAYMENT.

    DANE NARODE ESQ.

    HUD OFFICE OF GENERAL COUNSE.L

    451 SEVENTH STREET, SW

    ROOM B-133

    PORTALS 200

    WASHINGTON DC 20401

    ‘EXPRESS MAIL

    DAN NARODE ESQ

    HUD OFFICE OF GENERAL COUNSEL

    1250 MARYLAND AVE, SW

    PORTALS BUILDING

    SUITE 200

    WASHINGTON DC 20024

    (202) 708-2350

    SUBSEQUENT PAYMENTS:

    HUD FINANCIAL OPERATIONS CENTER

    ACCOUNT# PAYMENT ONLY

    HUD-FOC DEBT

    BOX 979056

    ST. LOUIS, MO 63197-9000

    HUD FINANCIAL OPERATIONS CENTER

    ACCOUNT# PAYMENT ONLY

    HUD-FOC DEBT

    GOVERNMENT LOCKBOX 979056

    1005 CONVENTION PLAZA

    ST. LOUIS MO 63101

    MARY RICCHITI

    52 CORPORATE CIRCLE

    ALBANY NY 12203

    1800-669-5152 X2838

    518-862-2838

    PAYOFF TO TERMINATE INVESTIGATION AND WAIVE, RELEASE, REMIT AND COMPROMISE ANY CLAIMS, CAUSES OF ACTION, DIRECT OR INDIRECT, AS WELL AS ANY POTNETIAL ADMINISTRATIVE OR OTHER ENFORCEMENT ACTION AGAINS RESPONDENT, ITS PREDECESSORS, SUCCESSORS, TRANSFEREES, DIRECTORS, MANAGERS, OFFICERS, AGENTS, REPRESENTATIVES, AND ASSIGNS (COLLECTIVELY, “ADMINSITRATIVE CLAIMS”) IN CONNECTION WITH STRUCTURE AND OWNERSHIP OF A SERVICES LIMITED LIAIBLITY COMPANY UNDER FHA MORTGAGEE APPROVAL REQUIREMENTS AND IN CONNECTION WITH OPERATION AND OWNERSHIP OF A SERIES LIMITED LIABILITY COMPANY UNDER RESPA REQURIEMENTS THROUGH EFFECTIVE DATE OF THIS AGREEMENT.

    Highlights

    Settlement Agreement, Prospect Mortgage LLC

    Settlement Agreement (8 Jul 11), Fidelity National Financial, Inc.

    RESPA Roundup April 2011

    RESPA Roundup March 2011-Guidance for RESPA in relation to FRB compensation rule

    Home Buying Videos (HUD’s You Tube Channel)

    Solicitation of Information on Changes in Warehouse Lending

    Exemption from RESPA for Certain Subordinate Loan Transactions

    Home Warranty Interpretive Rule: Response to Public Comments (11/23/2010)

    Home Warranty Interpretive Rule (6/25/2010)

    HUD’s new settlement cost booklet

    New RESPA Rule FAQs (updated 4/2/2010)

    RESPA Final Rule (pdf version)

    RESPA Final Rule (Electronic Code of
    Federal Regulation version)

    RESPA Forms and Completion Instructions

    Regulatory Impact Analysis

    RESPA ANPR on “Required Use” Prohibition (6/3/2010)

    RESPA Roundup Archive

    Direct Endorsement, Lender Insurance, and Commitments

    § 203.1 Underwriting procedures.

    The three underwriting procedures for single family mortgages are:

    (a) Direct Endorsement. This procedure, which is described in §203.5, is available for mortgagees that are eligible under §203.3.

    (b) Lender insurance. This procedure, which is described in §203.6, is available for mortgagees that are eligible for the Direct Endorsement program under §203.5, and that are also approved according to §203.4.

    (c) Issuing of commitments through HUD offices. Processing through HUD offices as described in §203.7, with issuance of commitments, is available only for mortgages that are not eligible for Direct Endorsement processing under §203.5(b) or to the extent required in §203.3(b)(4), §203.3(d)(1), or as determined by the Secretary.

    [62 FR 30225, June 2, 1997]

    § 203.3 Approval of mortgagees for Direct Endorsement.

    (a) Direct Endorsement approval. To be approved for the Direct Endorsement program set forth in §203.5, a mortgagee must be an approved mortgagee meeting the requirements of §§202.13, 202.14 or 202.17 and this section.

    (b) Special requirements. The mortgagee must establish that it meets the following qualifications.

    (1) The mortgagee has five years of experience in the origination of single family mortgages. The Secretary will approve a mortgagee with less than five years experience in the origination of single family mortgages if a principal officer has had a minimum of five years of managerial experience in the origination of single family mortgages.

    (2) The mortgagee has on its permanent staff an underwriter that is authorized by the mortgagee to bind the mortgagee on matters involving the origination of mortgages through the Direct Endorsement procedure and that is registered with the Secretary and such registration is maintained with the Secretary. The technical staff may be employees of the mortgagee or may be hired on a fee basis from a roster maintained by the Secretary. The mortgagee shall use appraisers permitted by §203.5(e).

    (3) [Reserved]

    (4) The mortgagee must submit initially 15 mortgages processed in accordance with §§203.5 and 203.255. Separate approval is required to originate mortgages under part 206 of this chapter through the Direct Endorsement program unless at least 50 mortgages closed by the mortgagee have been insured under part 206 of this chapter prior to September 15, 1995. Other mortgagees who have not closed at least 50 mortgages under part 206 of this chapter must submit five (5) Home Equity Conversion Mortgages, processed in accordance with §§203.3 and 203.255. The documents required by §203.255 will be reviewed by the Secretary and, if acceptable, commitments will be issued prior to endorsement of the mortgages for insurance. If the underwriting and processing of these 15 mortgages (or the 5 Home Equity Conversion Mortgages) is satisfactory, then the mortgagee may be approved to close subsequent mortgages and submit them directly for endorsement for insurance in accordance with the process set forth in §203.255. Unsatisfactory performance by the mortgagee at this stage constitutes grounds for denial of participation in the program, or for continued pre-endorsement review of a mortgagee’s submissions. If participation in the program is denied, such denial is effective immediately and may be appealed in accordance with the procedures set forth in paragraph (d)(2) of this section. Unsatisfactory performance solely with respect to mortgages under 24 CFR part 206 may, at the option of the Secretary, be grounds for denial of participation or for continued pre-endorsement review for 24 CFR part 206 mortgages without affecting the mortgagee’s processing of mortgages under other parts.

    (5) The mortgagee shall promptly notify those HUD offices which have granted approval under this section of any changes that affect qualifications under this section.

    (c) [Reserved]

    (d) Mortgagee sanctions. Depending upon the nature and extent of the noncompliance with the requirements applicable to the Direct Endorsement process, as determined by the Secretary, the Secretary may take any of the following actions:

    (1) Probation. The Secretary may place a mortgagee on Direct Endorsement probation for a specified period of time for the purpose of evaluating the mortgagee’s compliance with the requirements of the Direct Endorsement procedure. Such probation is distinct from probation imposed by the Mortgagee Review Board under part 25 of this chapter. During the probation period specified by this section, the mortgagee may continue to process Direct Endorsement mortgages, subject to conditions required by the Secretary. The Secretary may require the mortgagee to:

    (i) Process mortgages in accordance with paragraph (b)(4) of this section;

    (ii) Submit to additional training;

    (iii) Make changes in the quality control plan required by §202.5(h) of this chapter; and

    (iv) Take other actions, which may include, but are not limited to, periodic reporting to the Secretary, and submission to the Secretary of internal audits.

    (2) Termination of Direct Endorsement approval. (i) A mortgagee’s approval to participate in the Direct Endorsement program may be terminated in a particular jurisdiction by the local HUD office or on a nationwide basis by HUD Central Office. The HUD office instituting the termination action shall provide the mortgagee with written notice of the grounds for the action and of the right to an informal hearing before the office initiating the termination action. Such hearing shall be expeditiously arranged, and the mortgagee may be represented by counsel. Any termination instituted under this section is distinct from withdrawal of mortgagee approval by the Mortgagee Review Board under part 25 of this title.

    (ii) After consideration of the materials presented, the decision maker shall advise the mortgagee in writing whether the termination is rescinded, modified or affirmed.

    (iii) The mortgagee may appeal such decision to the Deputy Assistant Secretary for Single Family Housing or his or her designee. A decision by the Deputy Assistant Secretary or designee shall constitute final agency action.

    (iv) Termination of an origination approval agreement under part 202 of this chapter for a mortgagee or one or more branch offices automatically terminates Direct Endorsement approval for the mortgagee or the branch office or offices without any further requirement to comply with this paragraph.
    (Approved by the Office of Management and Budget under control number 2502–0005)
    [57 FR 58345, Dec. 9, 1992, as amended at 60 FR 42758, Aug. 16, 1995; 61 FR 2651, Jan. 26, 1996; 62 FR 20088, Apr. 24, 1997; 62 FR 65182, Dec. 10, 1997]

    § 203.4 Approval of mortgagees for Lender Insurance.

    Each mortgagee that chooses to participate in the Lender Insurance program must use the Lender Insurance process to insure all of the mortgages that it underwrites, unless the mortgages are ineligible for the Direct Endorsement program as provided in §203.5(b), or unless HUD determines that the mortgages are ineligible for the Lender Insurance program.

    (a) Direct Endorsement approval. To be approved for the Lender Insurance program described in §203.6, a mortgagee must be unconditionally approved for the Direct Endorsement program as provided in §203.3.

    (b) Performance: Claim and default rate. (1) In addition to being unconditionally approved for the Direct Endorsement program, a mortgagee must have had an acceptable claim and default rate (as described in paragraph (b)(3) of this section) for at least 2 years prior to its application for participation in the Lender Insurance program, and must maintain such a claim and default rate in order to retain Lender Insurance approval.

    (2) HUD may approve a mortgagee that is otherwise eligible for Lender Insurance approval, but has an acceptable claim and default record of less than 2 years, if:

    (i) The mortgagee is an entity created by a merger, acquisition, or reorganization completed less than 2 years prior to the date of the mortgagee’s application for Lender Insurance approval;

    (ii) One or more of the entities participating in the merger, acquisition, or reorganization had Lender Insurance approval at the time of the merger, acquisition, or reorganization;

    (iii) All of the lending institutions participating in the merger, acquisition, or reorganization that had Lender Insurance approval at the time of the merger, acquisition, or reorganization had an acceptable claim and default record for the 2 years preceding the mortgagee’s application for Lender Insurance approval; and

    (iv) The claim and default record of the mortgagee derived by aggregating the claims and defaults of the entities participating in the merger, acquisition, or reorganization, for the 2-year period prior to the mortgagee’s application for Lender Insurance approval, constitutes an acceptable rate of claims and defaults, as defined by this section.

    (3) A mortgagee has an acceptable claim and default rate if its rate of claims and defaults is at or below 150 percent of the average rate for insured mortgages in the state(s) in which the mortgagee operates.

    (c) Reviews. HUD will monitor a mortgagee’s eligibility to participate in the Lender Insurance program on an ongoing basis.

    (d) Termination of approval. (1) HUD may immediately terminate the mortgagee’s approval to participate in the Lender Insurance program, in accordance with section 256(d) of the National Housing Act (12 U.S.C. 1715z–21(d)), if the mortgagee:

    (i) Violates any of the requirements and procedures established by the Secretary for mortgagees approved to participate in HUD’s Lender Insurance program, Direct Endorsement program, or the Title II Single Family mortgage insurance program; or

    (ii) If HUD determines that other good cause exists.

    (2) Such termination will be effective upon receipt of HUD’s notice advising of the termination. Within 30 days after receiving HUD’s notice of termination, a mortgagee may request an informal conference with the Deputy Assistant Secretary for Single Family Housing or designee. The conference will be conducted within 30 days after HUD receives a timely request for the conference. After the conference, the Deputy Assistant Secretary (or designee) may decide to affirm the termination action or to reinstate the mortgagee’s Lender Insurance program approval. The decision will be communicated to the mortgagee in writing, will be deemed a final agency action, and, pursuant to section 256(d) of the National Housing Act (12 U.S.C. 1715z–21(d)), is not subject to judicial review.

    (3) Lender Insurance authority is automatically terminated for a mortgagee whose nationwide Direct Endorsement approval under §203.3(d)(2) is terminated, without imposing any further requirement on the mortgagee to comply with this paragraph.

    (4) Any termination instituted under this section is distinct from withdrawal of mortgagee approval by the Mortgagee Review Board under 24 CFR part 25.

    (e) Reinstatement. A mortgagee whose Lender Insurance authority is terminated under this section may apply for reinstatement if the Lender Insurance authority for the mortgagee has been terminated for at least 6 months. In addition to addressing the criteria for Lender Insurance approval specified in paragraphs (a) and (b) of this section, the application for reinstatement must be accompanied by a corrective action plan addressing the issues resulting in the termination of the mortgagee’s Lender Insurance authority, along with evidence that the mortgagee has implemented the corrective action plan. HUD may grant the mortgagee’s application for reinstatement if the mortgagee’s application is complete and HUD determines that the underlying causes for the termination have been satisfactorily remedied.

    [62 FR 30226, June 2, 1997, as amended at 62 FR 65182, Dec. 10, 1997; 77 FR 3604, Jan. 25, 2012]

    § 203.5 Direct Endorsement process.

    (a) General. Under the Direct Endorsement program, the Secretary does not review applications for mortgage insurance before the mortgage is executed or issue conditional or firm commitments, except to the extent required by §203.3(b)(4), §203.3(d)(1), or as determined by the Secretary. Under this program, the mortgagee determines that the proposed mortgage is eligible for insurance under the applicable program regulations, and submits the required documents to the Secretary in accordance with the procedures set forth in §203.255. This subpart provides that certain functions shall be performed by the Secretary (or Commissioner), but the Secretary may specify that a Direct Endorsement mortgagee shall perform such an action without specific involvement or approval by the Secretary, subject to statutory limitations. In each case, the Direct Endorsement mortgagee’s performance is subject to pre-endorsement and post-endorsement review by the Secretary under §203.255 (c) and (e).

    (b) Eligible programs. (1) All single family mortgages authorized for insurance under the National Housing Act must be originated through the Direct Endorsement program, except the following:

    (i) Mortgages underwritten for insurance by mortgagees that have applied for participation in, and have been approved for, the Lender Insurance program;

    (ii) Mortgages authorized under sections 203(n), 203(p), 213(d), 221(h), 221(i), 225, 233, 237, 809, or 810 of the National Housing Act, or any other insurance programs announced by Federal Register notice; or

    (iii) As provided in §203.1.

    (2) The provision contained in §221.55 of this chapter regarding deferred sales to displaced families is not available in the Direct Endorsement program.

    (c) Underwriter due diligence. A Direct Endorsement mortgagee shall exercise the same level of care which it would exercise in obtaining and verifying information for a loan in which the mortgagee would be entirely dependent on the property as security to protect its investment. Mortgagee procedures that evidence such due diligence shall be incorporated as part of the quality control plan required under §202.5(h) of this chapter. The Secretary shall publish guidelines for Direct Endorsement underwriting procedures in a handbook, which shall be provided to all mortgagees approved for the Direct Endorsement procedure. Compliance with these guidelines is deemed to be the minimum standard of due diligence in underwriting mortgages.

    (d) Mortgagor’s income. The mortgagee shall evaluate the mortgagor’s credit characteristics, adequacy and stability of income to meet the periodic payments under the mortgage and all other obligations, and the adequacy of the mortgagor’s available assets to close the transaction, and render an underwriting decision in accordance with applicable regulations, policies and procedures.

    (e) Appraisal. (1) A mortgagee shall have the property appraised in accordance with such standards and requirements as the Secretary may prescribe. A mortgagee must select an appraiser whose name is on the FHA Appraiser Roster, in accordance with 24 CFR part 200, subpart G.

    (2) The mortgagee shall not discriminate on the basis of race, color, religion, national origin, sex, age, or disability in the selection of an appraiser.

    (3) A mortgagee and an appraiser must ensure that an appraisal and related documentation satisfy FHA appraisal requirements and both bear responsibility for the quality of the appraisal in satisfying such requirements. A Direct Endorsement Mortgagee (and any of its loan correspondent lenders) that submits, or causes to be submitted, an appraisal or related documentation that does not satisfy FHA requirements is subject to administrative sanction by the Mortgagee Review Board pursuant to 24 CFR part 25 and part 30.

    [57 FR 58346, Dec. 9, 1992; 58 FR 13537, Mar. 12, 1993, as amended at 59 FR 50463, Oct. 3, 1994; 60 FR 42759, Aug. 16, 1995; 61 FR 36263, July 9, 1996; 62 FR 20088, Apr. 24, 1997; 62 FR 30226, June 2, 1997; 69 FR 43509, July 20, 2004]

    § 203.6 Lender Insurance process.

    Under the Lender Insurance program, a mortgagee approved for the program conducts its own pre-insurance review, insures the mortgage, and agrees to indemnify HUD in accordance with §203.255(f).

    [62 FR 30226, June 2, 1997]

    2§ 03.7 Commitment process.

    For single family mortgage programs that are not eligible for Direct Endorsement processing under §203.5, or for Lender Insurance processing under §203.6, the mortgagee must submit an application for mortgage insurance in a form prescribed by the Secretary prior to making the mortgage loan. If:

    (a) A mortgage for a specified property has been accepted for insurance through issuance of a conditional commitment by the Secretary or a certificate of reasonable value by the Department of Veterans Affairs, and

    (b) A specified mortgagor and all other proposed terms and conditions of the mortgage meet the eligibility requirements for insurance as determined by the Secretary, the Secretary shall approve the application for insurance by issuing a firm commitment setting forth the terms and conditions of insurance.

    5[7 FR 58346, Dec. 9, 1992; 58 FR 13537, Mar. 12, 1993, as amended at 62 FR 30226, June 2, 1997

  5. HI JONI!
    NO YOUR NOT A JACKASS
    YOUR A CONSUMER WHO DID NOT KNOW LIENS ON YOUR PROPERTY FORCED YOU TO ADVANCE ESCROW TO ANOTHER AND MADE DEALS THAT HARM YOU AND ME AND THE ECONOMY
    AND PRESIDENT OBAMA SAID ON TV MULTIPLE TIMES WE WERE ALL JUST NOT SMART ENOUGH TO UNDERSTAND WHAT THE AGENCIES HUD/FHA/FEDERAL RESERVE HIDE!

  6. EVERY DAY….

    RESDirect helps you do business – better.

    http://www.res-direct.com/Cached – Similar

    You +1’d this publicly. Undo

    Intelligent, single-point transaction management for lenders.

    •RESDirect is the reliable technology platform
    •AND professional support service that empowers
    and informs your lending process –
    •from online loan orders
    • through servicing
    •and default management.

    Our intelligent, data-driven system and custom reporting capabilities

    guide your lending and vendor decisions –

    and integrate the entire loan process.

    We back every order with expedient service support, delivered according to each business line’s unique needs and processes.

    The result? Optimized processing efficiency. Strategic decisions and risk management. Rapid turn times and service response. And it’s all accomplished simply, through a single connection point.

    ©2009 RESDirect LLC. All rights reserved

    Every day, RESDirect helps you do business – better.

    8009 34th Avenue South, Suite 500 – Bloomington, MN 55425

    https://www.res-direct.com/SecurityPrivacyUA.aspx

    In general, you can visit RESDirect or its affiliates Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. However, the primary purpose of the RESDirect website is to facilitate business transactions

    Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain

    Types of Information
    Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include:
    • Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means;
    • Information about your transactions with us, our affiliated companies, or others; and
    • Information we receive from a consumer reporting agency

    Former Customers
    Even if you are no longer our customer, our Privacy Policy will continue to apply to you.

    Confidentiality and Security
    No unauthorized parties have access to any of your information. We restrict access to nonpublic personal information to those individuals and entities who need to know that information to provide products or services to you. We train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy and RESDirect’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

    Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections.

    I

    ——————————————————————————–

    RESTATED ARTICLES OF INCORPORATION

    OF

    THE FIRST AMERICAN FINANCIAL CORPORATION

    Thomas A. Klemens certifies that

    FIRST: That the name of said Corporation shall be The First American

    Financial Corporation.

    SECOND: The purpose of the Corporation is to engage in any lawful act

    or activity for which a corporation may be organized under the General

    Corporation Law of California other than the banking business, the trust

    company business or the practice of a profession permitted to be

    incorporated by the California Corporations Code.

    Bank of America,

    by Geo. H. Stewart, Cash 50 5,000.00

    IS IT A COINCIDENCE ‘BANK OF AMERICA’ AND A MAN NAME GEO H. STEWART

    DON’T KNOW BUT THIS IS SOMETHING IF I HAD TIME WOULD LOOK INTO

    THESTOCK OWNERSHIP….

    IS THIS HOW THE ‘TRUSTEES’ GET PAID -STOCK – AND THE

    RELATIONSHIP AMY SEES BETWEEN THE LOCAL OWNERS

    INVOLVED IN THE EXCHANGE OF LIKE-KIND PROPERTY

    SEC BENFICIAL 3 AND 4 STATEMENTS OF ‘DELAYED’ INCOME

    WHERE ‘STOCK’ OF OWNERS CONVERETED INTO ‘PASSIVE INCOME’ BENEFICIAL INTERESTS TO BE PAID OUT OVER TIME …

    ——————————————————————————–

    February 5, 2007

    First American Real Estate Solutions Merges With CoreLogic Systems, Inc.

    – New, Combined Company to Deliver Comprehensive Line of Risk Management Analytics to the Mortgage Industry –

    SANTA ANA, Calif., Feb. 5 /PRNewswire-FirstCall/ — The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it has merged its First American Real Estate Solutions (“RES”) division, a part of its FARES LLC subsidiary, with Sacramento, Calif.- based CoreLogic Systems, Inc., a leading provider of mortgage risk assessment and fraud prevention solutions. In 2006, RES and CoreLogic generated approximately $252 million and $74 million in revenues, respectively.

    The new, combined company is majority owned by The First American Corporation through its FARES LLC joint venture with Experian Group Limited. CoreLogic’s stockholders, comprised of its management team and TA Associates, hold an 18 percent economic interest and two of 10 board of director seats. The co-founders of CoreLogic, Steve Schroeder and Kraig Clark, have assumed key roles in the newly formed organization. The merger is the largest transaction in a series of analytic company acquisitions and minority investments completed by RES in recent years as a part of a larger domestic and international mortgage risk analytics strategy.

    “This merger is a major milestone in our strategy to revolutionize the mortgage risk management process,” said Parker S. Kennedy, chairman and chief executive officer of The First American Corporation. “This transaction unlocks value by creating a single, unified company with the unique data and predicative analytics resources that lenders, investors and consumers need throughout the mortgage lending and securitization process.”

    Traditionally, risk associated with mortgage lending was managed through labor-intensive quality control and due diligence reviews. The combined company makes this process more efficient and effective by applying advanced data and analytics at every point in the lending process.

    George Livermore, currently president of First American’s Property Information and Services segment, has been appointed president of the new company. Steve Schroeder, formerly chief executive officer of CoreLogic, will oversee the mortgage risk analytics business line for the company in the newly created role of executive vice president of risk management, reporting directly to Livermore. CoreLogic’s staff and operations will remain at its Sacramento, Calif., headquarters and all products offered by each company will continue to be available to customers.

    “This newly created company has the combined expertise and assets that allow our clients to identify, quantify and manage risk in a more transparent and precise way than previously possible,” stated Livermore. “By providing innovative analytical solutions that touch every stage of the life of the loan, we will be able to help our lender, servicer and mortgage-investor clients become more competitive and profitable.”

    Since 2004, RES has acquired analytics companies LoanPerformance, UK Valuation and Basis100 and has purchased minority stakes in The Bohan Group, ComplianceEase, BasePoint Analytics and Australia-based RP Data.

    Together, these companies provide data, analytics and decisioning solutions that address the most pressing challenges in mortgage risk management, including fraud prevention, collateral risk assessment, mortgage prepayment forecasting, regulatory compliance and due diligence reviews.

    “Since co-founding CoreLogic more than eight years ago, I have seen the market for mortgage risk management analytics grow from a specialty market to one that is rapidly expanding into every facet of the mortgage lending process,” said Schroeder. “This merger provides the infrastructure and scale necessary to meet the growing market demands and enhances our ability to fulfill our mission of safeguarding and streamlining the mortgage loan process.”

    Terms of the Transaction

    FARES LLC owns approximately 82 percent of the economic interests of the combined company through the ownership of high vote Class B shares. CoreLogic’s stockholders own approximately 18 percent of the economic interests of the combined company through the ownership of Class A shares. In addition to the Class A shares, CoreLogic’s stockholders received cash consideration of $100 million. To finance the cash consideration, FARES LLC has made a loan of $100 million to the combined company. FARES LLC secured bank financing for the $100 million loan to the combined company. CoreLogic’s stockholders will have registration rights that could result in the merged entity becoming public in the future.

    The transaction is estimated to be breakeven from an earnings-per-share perspective to First American in 2007. Excluding the impact of transaction- related intangible amortization, the merger is expected to increase earnings by approximately $2 million in 2007. Lehman Brothers Inc., served as financial advisor and delivered a fairness opinion to First American.

    To learn more about RES’ merger with CoreLogic, please visit http://www.firstamres.com/merger.

    About CoreLogic

    Sacramento, Calif.-based CoreLogic is the leading provider of residential mortgage risk management and fraud protection technology and services to the U.S. mortgage banking industry. CoreLogic quantifies the risk in more than 25 percent of U.S.-based originations annually on behalf of its clients, identifying more than $1.2 billion in potential loan loss in 2006. Since 1997, mortgage originators and the capital markets have relied on CoreLogic to increase loan performance by making smarter lending and purchase decisions. The company’s PowerLogic(TM) Risk Decision Platform delivers fast, efficient, accurate, easy-to-use solutions. CoreLogic was recognized within the Inc. 500 and FinTech 100 in 2005 and 2006. For more information about CoreLogic, visit http://www.corelogic.com.

    About RES

    RES, a member of The First American Family of Companies, is America’s largest provider of advanced property and ownership information, analytics and services. RES’ database covers more than 2,900 counties representing 99.1 percent of the U.S. population. With more than 600,000 users nationwide, RES products are used by companies to improve customer acquisition and retention, detect and prevent fraud, improve mortgage transaction cycle time and cost efficiency, measure the value of residential and commercial properties, identify real estate trends and neighborhood characteristics, track market performance and increase market share. RES forms a minority part of FARES LLC, which is 80 percent owned by First American and 20 percent owned by Experian. More information about RES can be found on the Internet at http://www.firstamres.com.

    About The First American Corporation

    The First American Corporation (NYSE: FAF), a FORTUNE 500(R) company that traces its history to 1889, is America’s largest provider of business information. First American combines advanced analytics with its vast data resources to supply businesses and consumers with valuable information products to support the major economic events of people’s lives, such as getting a job, renting an apartment, buying a car or house, securing a mortgage and opening or buying a business. The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within five primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, and Risk Mitigation and Business Solutions. With revenues of $8.1 billion in 2005, First American has approximately 2,100 offices throughout the United States and abroad. More information about the company and an archive of its press releases can be found at http://www.firstam.com.

    Forward-Looking Statement Safe Harbor

    Certain statements made in this press release, including those relating to the impact of the transaction on the Company’s 2007 earnings, are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may contain the words “believe,” “anticipate,” “expect,” “predict,” “estimate,” “project,” “will be,” “will continue,” “will likely result,” or other similar words and phrases. Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements include: interest rate fluctuations; changes in the performance of the real estate markets; access to public records and other data; general volatility in the capital markets; changes in applicable government regulations; heightened scrutiny by legislators and regulators of the Company’s title insurance and services segment and certain other of the Company’s businesses; consolidation among the Company’s significant customers and competitors; the Company’s continued ability to identify businesses to be acquired; changes in the Company’s ability to integrate businesses which it acquires; and other factors described in Part I, Item 1A of the Company’s annual report on Form 10-K for the year ended Dec. 31, 2005 and in Part II, Item 1A of the Company’s quarterly reports on Form 10-Q for the respective quarters ended Mar. 31, 2006 and June 30, 2006, in all cases as filed with the Securities and Exchange Commission. The forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

    Media Contact:

    David Schulz

    Corporate Communications

    The First American Corporation

    (714) 250-3298

    dschulz@firstam.com

    Investor Contact:

    Frank V. McMahon

    Vice Chairman and Chief Financial Officer

    The First American Corporation

    (714) 250-4401

    fmcmahon@firstam.com

    http://www.ta.com/news/news_detail.asp?id=138

  7. question:
    Someone does a refinance in May 2005 and Fremont is their lender on the Deed. In October 2005, they begin making payments to ASC, and their credit report says that the Fremont Loan is closed.
    They are never made aware of who their Servicer or Lender might be other than Fremont Investment & Loan, CA.
    When going over their Truth in Lending (HUD) in 2012, they realize they have been paying $35. every month in mortgage payments too much, the Note was wrong and the yield spread premium or funds paid to Broker from Lender were really paid from their own pocket,.They left the refinance, with about $30,000. less than they should have, and they still paid the Lawyer’s fees.
    ????? Is this normal????
    Feeling like a total jacka–

  8. ist last updated on February 2, 2012

    Latest updates:

    Citi to stop wholesale mortgage lending
    BankEast shut by FDIC
    Patriot Bank Minnesota shut by FDIC
    Tennessee Commerce Bank shut by FDIC
    First Guaranty Bank and Trust Company of Jacksonville shut by FDIC
    American Eagle Savings Bank shut by FDIC
    The First State Bank shut by FDIC
    Central Florida State Bank shut by FDIC
    Metlife to shut down its forward mortgage division, 4,000+ layoffs
    PMI Group Inc. (mortgage insurer) filed for Chapter 11 bankruptcy
    Residential Capital LLC may go bankrupt
    Morgan Stanley sells Saxon Mortgage to Ocwen
    PMI Group warns it may shut down
    Fannie Mae and Freddie Mac merger?

  9. I KNOW ANNOMYOUSE YOUR LOOKING UP THE GOOD INFO I ALWAYS GIVE YOU AND INCORPORATE

    TRANSFER AGENT – CLEARING – ELECTRONIC REGISTRATION OF DIVIDENDS DISTRIBUTED DAILY, MONTHLY, QUARTERLY, ANNUALLY AUTOMATIC CLEARING OF TRANSACTIONS VIA SERVICERS OF PORTFOLIOS OF LOANS

  10. WHY SHOULD CONCEALMENT OF HARMS FACING THE GOOD PEOPLE OF THESE UNITED STATES OF AMERICA, CITIZENS,, RESIDENTS WHO ARE IN DANGER AS CONSUMERS WHO FACE UNREGULATED SECONDARY MARKET OF PREDATORS – WHY SHOULD THAT STILL BE HIDDEN YESTERDAY, TODAY OR TOMORROW?

    WHEN RES-DIRECT (SM) SUCCESSOR BENEFICIARY AND BENEFICIARY ‘PRETEND TO BE LENDER’ FOR – FUNNY THING THEY ARE THE LENDER C/O CREDIT LINE OF CORRESPONDENT AND ‘BROKER’ WHO IS REAL ESTATE ATTORNEY WHO EXCHANGE TITLE ‘DEED’ FOR SALES CONTRACT – INDIVIDUAL VARIABLE RIDER/NOTE

    THERE ARE (4) PEOPLE IN COURT AS PLAINTIFF:
    BENEFICIARY & SUCCESSOR BENEFICIARY LOSS MITIGATION C/O RES-DIRECT: PRETENDS TO BE TRUSTEE AND ACTUALLY IS(REGISTRANT) RELS MANAGEMENT COMPANY, LLC Norwest Mortgage, Inc. (organized under the laws of California) and First American Title Insurance Company (organized under the laws of California) LIMITED LIABILITY COMPANY DELAWARE 5700 SMETANA DRIVE, SUIT 300 MINNETONKA MINNESOTA 55343..

    GAME ON: MORTGAGE BROKERS KNOW how to transfer ownership to the property without getting caught by the lender – THEY ARE THE FLIPPING LENDER – SERVICER OF TITLE INSURANCE RIGHTS SELL RIGHTS TO COLLECT ESCROW IN EXCHANGE FOR ‘DEED’ THEIR DEED – THEY OWN THE REAL ESTAE PRIOR TO YOU – THE SERVICER PURCHASES THE ‘ENTITLEMENTS’ AND ‘ENCUMBRANCES’ OBLIGATIONS BACKED BY THE FULL FAITH AND CREDIT OF THESE UNITED TATES, AND LIENS PRIVATE COOPERATIVE TITLE EXCHANGE OF ‘MORTGAGE BROKERS’ AND CORRESPONDENTS’ WITH CREDIT LINE WHO ACT AS LENDER AND PRUCHASE FROM SERVICER ANYBANK NA RIGHTS TO COLLECT PAYMENTS IN A PORTOFLIO OF LOANS …. PURLIC LAND RECORDS

    LEARN HOW ‘REAL ESTATE LAWYERS’ AS ‘MORTGAGE BROKER’ AND CORRESPONDENT OF WELLS FARGO & CHASE BENEFIT -BEAT THE Due on Sale Clause

    Each property attached entitlements and encumbrances, liens and restrictions WAKE UP! YOU CONSUMER WAKE UP!
    CONGRESS CONCEALED FACT THAT consumers may not purchase real property that has oblgiations which are hidden in private credit reports backed by full faith and credit of these United States of America the real CREDITOR and US Treasury and FDIC and Federal Home Loan Banks… -Former President Reagan must be very sorry he did not force disclosure during first public bail out !
    Who decided in CONGRESS TO WITHHOLD FROM YOU THEIR CONSTITUTIENT …
    WHO DECIDED TO WITHHOLD FACTS SURROUNDING OBLIGATIONS ALREADY BOOKED AND ATTACHED TO PROPERTY, 1989-1995 FREDDIE/FANNIE – HUD – FDIC – US TREASURY – FEDERAL HOME LOAN BANKS CORRESPONDENTS , BROKERS, RESOLTION TRUST COMPANY, REPLICATED BY ‘NORWEST MORTGAGE ASSET CORP’ THE ONLY ‘SERVICER’ OF COLLECTION RIGHTS OF ALL TYPES OF INVESTMENTS IN SECONDARY MARKET.

    CONGRESS REWARDED FOR CONCEALMENT RELFECTED IN VALUE OF EACH MEMBER AT $725,000 VERUS CONSUMER AS RESIDENT AT $20K.

    HAD THE TRUTH BEEN DISCLOSED, WOULD CONGRESS AND CONSUMERS BE WORTH $500,000 EACH? PERPHAS.

    INSTEAD ‘WARRENT BUFFETS OF THE WORLD AND BILL GATES FACILIATED BY TECHNOLOGY TOOK POSSESSION OF ASSETS AND RIGHTS AND SOLD IN SECONDARY MARKET AWAY THE AMERICAN DREAM!

    INSIDER TRADING AND GOOD REASON FOR CONCEALMENT? HOW SAD.

    “The due on sale clause is the most talked about, most feared, and most misunders…tood topic in real estate investing. Let’s dispel any misunderstandings you may have.”

    “The “due on sale” clause is probably the most talked about, most feared, and most misunderstood topic in real estate investing. ”

    “due on sale” (aka “acceleration clause”) is a provision in a mortgage document that gives the lender the right to demand payment of the remaining balance of the loan when the property is sold. ”

    “due on sale clause “It is a contractual right, not a law. This means that if title to the property is transferred, the bank may (or may not), at its option, decide to “call the loan due.”

    “loans originated today contain a standard “due on sale” clause which usually reads something like:”

    “If all or any part of the property herein is transferred without the lender’s prior written consent, the lender may require all sums secured hereby immediately due and payable.”

    “The banks ultimately won in a United States Supreme Court case, Fidelity Federal Savings and Loan Association v. de la Cuesta, 102 S.Ct. 3014, (1982). ”

    Congress passed the “Garn-St. Germain Federal Depositary Institutions Act” (12 U.S.C. 1701-j) which codified the enforceability of the “due on sale” clause, despite state statute or case law to the contrary.

    “There is no “due on sale” jail”

    “Many people are under the mistaken impression that transferring title to a property secured by a “due on sale” mortgage is illegal. This is because most lay people confuse civil liability with criminal liability.

    YOUR CONGRESSMAN IS WORTH $725K EACH AND YOU ARE ONLY WORTH $20K EACH! WAKE UP! GET IN THE GREAT UNEMPLOYED HARD WORKERS WHO UNDERSTAND GOOD BUSINESS PRACTICES AND WOULD NOT CONCEAL ‘BENEFITS’ WOULD THEY? OF THE ‘INDIVIDUAL VARIABLE RIDER/NOTE ATTACHED TO EACH ‘MORTGAGE LOAN’

    VARIABLE INVESTORS TRUST’S:
    A Portfolio will use reverse repurchase agreements when the interest income to be earned from the investment of the proceeds of the transaction is greater than the interest expense of the reverse repurchase transaction. Reverse repurchase agreements into which the Portfolios will enter require that the market value of the underlying security and other collateral equal or exceed the repurchase price (including interest accrued on the security), and require the Portfolios to provide additional collateral if the market value of such security falls below the repurchase price at any time during the term of the reverse repurchase agreement.

    Reverse repurchase agreements are considered to be borrowings under the 1940 Act

    The Trust may, on behalf of each Portfolio, from time to time purchase securities on a “when-issued” basis. Debt securities are often issued on this basis. The price of such securities, which may be expressed in yield terms, is fixed at the time a commitment to purchase is made, but delivery and payment for the when-issued securities take place at a later date.

    LOOPHOLE ‘NORMALY’ DOUBLESPEAK….
    NORMALLY ‘ONE MONTH’ BUT …MAY BE FOR EXEPTIONAL PERIOD OF TIME, HOLD SUBSTANTIVE AMOUTN OF CASH OFF BALANCE SHEET.

    ZERO-COUPON SECURITIES
    Zero-coupon securities in which a Portfolio may invest are debt
    obligations which are generally issued at a discount and payable in full at maturity, and which do not provide for current payments of interest prior to maturity.

    WHEN-ISSUED SECURITIES

    The Trust may, on behalf of each Portfolio, from time to time purchase securities on a “when-issued” basis. Debt securities are often issued on this basis. The price of such securities, which may be expressed in yield terms, is fixed at the time a commitment to purchase is made, but delivery and payment for the when-issued securities take place at a later date. Normally, the settlement date occurs within one month of the purchase. During the period between purchase and settlement, no payment is made by a Portfolio and no interest accrues to the Portfolio. To the extent that assets of a Portfolio are held in cash pending the settlement of a purchase of securities, that Portfolio would earn no income.

    While the Trust may sell its right to acquire when-issued securities prior to the settlement date, the Trust intends actually to acquire such securities unless a sale prior to settlement appears desirable for investment reasons. At the time a Portfolio makes the commitment to purchase a security on a when-issued basis, it will record the transaction and reflect the amount due and the value of the security in determining the Portfolio’s net asset value. The market value of the when-issued securities may be more or less than the purchase price payable at the settlement date. Each Portfolio will establish a segregated account in which it will maintain cash and U.S. Government Securities or other high-grade debt obligations at least equal in value to commitments for when-issued securities. Such segregated securities either will mature or, if necessary, be sold on or before the settlement date.

    LOANS OF PORTFOLIO SECURITIES

    The Trust may lend the portfolio securities of any Portfolio, provided: (1) the loan is secured continuously by collateral consisting of U.S. Government Securities, cash, or cash equivalents adjusted daily to have market value at least equal to the current market value of the securities loaned; (2) the Trust may at any time call the loan and regain the securities loaned; (3) the Trust will receive any interest or dividends paid on the loaned securities; and (4) the aggregate market value of securities of any Portfolio loaned will not at any time exceed one-third of the total assets of the Portfolio. In addition, it is anticipated that the Portfolio may share with the borrower some of the income
    received on the collateral for the loan or that it will be paid a premium for the loan. Before the Portfolio enters into a loan, a Portfolio’s Sub Adviser considers all relevant facts and circumstances including the creditworthiness of
    the borrower. The risks in lending portfolio securities, as with other extensions of credit, consist of possible delay in recovery of the securities or possible loss of rights in the collateral should the borrower fail financially. Although voting rights, or rights to consent, with respect to the loaned securities pass to the borrower, the Trust retains the right to call the loans at any time on reasonable notice, and it will do so in order that the securities
    may be voted by the Trust if the holders of such securities are asked to vote upon or consent to matters materially affecting the investment. The Trust will not lend portfolio securities to borrowers affiliated with the Trust.

    80% of the assets of the U.S. Government Bond Portfolio will be invested in U.S. Government Securities

    20%….

    The Trust may engage in both “transaction hedging” and “position hedging”.

    Zero-coupon securities may include U.S. Treasury bills issued directly by the U.S. Treasury or other short-term debt obligations, and longer-term bonds or notes and their unmatured interest coupons which have been separated by their holder, typically a custodian bank or investment brokerage firm. A number of securities firms and banks have stripped the interest coupons from the underlying principal (the “corpus”) of U.S. Treasury securities and resold them in custodial receipt programs with a number of different names, including Treasury Income Growth Receipts (“TIGRS”) and Certificates of Accrual on Treasuries (“CATS”). The underlying U.S. Treasury bonds and notes themselves are held in book-entry form at the Federal Reserve Bank or, in the case of bearer securities (i.e., unregistered securities which are owned ostensibly by the bearer or holder thereof), in trust on behalf of the owners thereof.

    In addition, the Treasury has facilitated transfers of ownership of zero-coupon securities by accounting separately for the beneficial ownership of particular interest coupons and corpus payments on Treasury securities through the Federal Reserve book-entry record-keeping system. The Federal Reserve program as established by the Treasury Department is known as “STRIPS” or “Separate Trading of Registered Interest and Principal of Securities.” Under the STRIPS program, a Portfolio will be able to have its beneficial ownership of U.S. Treasury zero-coupon securities recorded directly in the book-entry record-keeping system in lieu of having to hold certificates or other evidences of ownership of the underlying U.S. Treasury securities.

    RULE 144A SECURITIES

    The SEC adopted Rule 144A which allows for a broader institutional trading market for securities otherwise subject to restriction on resale to the general public. Rule 144A establishes a “safe harbor” from the registration requirements of the 1933 Act for resales of certain securities to qualified institutional buyers. The Adviser and Sub-Advisers anticipate that the market for certain restricted securities such as institutional commercial paper will
    expand further as a result of this relatively new regulation and the development
    of automated systems for the trading, clearance and settlement of unregistered
    securities of domestic and foreign issuers, such as the PORTAL System sponsored
    by the NASD.

    The Sub-Advisers and the Adviser will monitor the liquidity of restricted
    securities in the Portfolios under the supervision of the Board of Trustees. In
    reaching liquidity decisions, the Sub-Advisers and the Adviser may consider, inter alia, the following factors: (1) the unregistered nature of the security;
    (2) the frequency of trades and quotes for the security; (3) the number of dealers wishing to purchase or sell the security and the number of other potential purchasers; (4) dealer undertakings to make a market in the security nd (5) the nature of the security and the nature of the marketplace trades (e.g., the time needed to dispose of the security, the method of soliciting offers and the mechanics of the transfer).

  11. OWNERS ‘PRIVATE WEALTH’ CASH BACKED BY FULL FAITH AND CREDIT OF THESE UNITED STATES OF AMERICA, ‘IN GOD WE TRUST’ THE OWNERS INCLUDE AND ARE NOT LIMITED TO ,
    JUST VARIABLE INVESTORS TRUST FUND DISCUSSED BELOW, THE ‘STRUCTURED INVESTEMENT FACILITIES’ FOR PORTFOLIOS LINKED TO ‘REAL PROPERTY’ WITH EXISTING OBLIGATIONS BOOKED THROUGH ‘HUD – FREDDIE – FANNIE – FDIC’ TREASURY – CONGRESS APPROVAL AND PRESIDENT’S KNOWLEDGE, ATTACHED TO EACH PROPERTY WHOSE S&L WENT BELLY UP, PROPERTIES LEFT WITH ‘ENCUMBRANCES’ AND PRIVATE WEALTH CLIENTS WITH ‘ENTITLEMENTS’ OVER LIENS, FOR EXAMPLE.

    “WE’ ARE THE CHAMPIONS AND COULD HAVE BEEN BENEFICIAL OWNERS, HAD SECONDARY MARKET BEEN REGULATED FOR ‘ALL TRANSACTIONS’.

    HAD WE ONLY KNOWN TO ASK FOR OUR RIGHTS TO NEGOTIATE THE SALE OF CASH FOR DEED! WHOSE DEED? DON’T KNOW WHO THE OWNER IS, FOR THE PRIVATE RECORD OF ENTITLEMENTS, ENCUMBRANCES, LIENS, RESTRICTIONS, LAND TRUSTS, AND PUBLIC SERVICER’S ‘BROKER’ DBA SERVICER ANYBANK NA, KEEPS THE BENEFITS, WHICH INCLUDE AND ARE NOTE LIMITED TO MONTHLY DIVIDENDS!

    WHY DO WE NOT KNOW THAT WE COULD HAVE NEGOTIATED? OUR RIGHTS ATTACHED TO ‘INDIVDIUAL VARIABLE RIDER/NOTES?

    THANK YOU CONGRESS!

    ITS CONGRESS AND ALL OF ITS ‘SUPER AGENCIES’ AND OVERSIGHT SUPER COMMITTEES’ WHO SAID TO EACH OF THEIR CONSTITUTIENTS ‘YOU ARE SAFE’ PURCHASING ‘MORTGAGE LOANS’ – HOW AMAZING I NOW UNDERSTAND – I WAS PURCHASING A MORTGAGE LOAN NOT REAL PROPERTY.

    WE WERE INSTRUCTED TO INVEST OUR ONLY ASSET WITH AN ESCRO ‘SALES AGENT’ WHO IS NOT LICENSED NOR CERTIFIED TO SELL ‘INDIVDIUAL VARIABLE RIDER/ANNUNITIES’ AND IS A ‘BROKER’ FOR CORRESPONDENT COMMERCIAL CLIENT OF SERVICER. WOW! NOW WHAT?

    OUR PROPERTY TAKEN POSSESSION OF BY UNKNOWN THIRD PARTIES WHO INCLUDE THE SERVICER WHO AT THE TIME WE CLOSE IS THE OWNER OF THE REAL ESTATE OWNED PROEPRTY TITLE OF COLLECTION RIGHTS AND IS NOT THE ACTUAL OWNER OF THE PROPERTY.

    WHO TOOK POSSESSION OF OUR PROPERTY ( REAL, PERSONAL AND MIXED) AND EXCHANGED ‘THEIR DEED’ FOR OUR CASH PROCEEDS AND ANY EQUITY IN OUR ONLY ASSET WE PREVIOUSLY VESTED.

    THE PARTY HOLDING THE TITLE AS REAL ESTATE OWNED IS SERVICER OF FIRST AMERICAN AND NORWEST MORTGAGE INC. IN THE TRANSACTIONS I LOOK AT. WHERE IS YOURS?

    HOW GOOD ARE AMERICANS WHO GO TO WORK EVERYDAY TO PAY THE OBLGIATIONS BACKED BY THE FULL-FAITH OF THESE GREAT UNITED STATES OF AMERICA.

    CONGRESS WHY DID YOU FORESAKE US?
    HAD YOU NOT BEEN A MEMBER OF THE 1% WHO BENEFITTED FROM THIS HARM TO THE ECONOMY WOULD YOU HAVE DONE THE FAIR AND GOOD THING? WOULD YOU HAVE REQUIRED DISCLOUSRE? WHO WILL GO DOWN IN HISTORY FOR MAKING ‘THE JOINT’ DECISION TO CONCEAL FROM YOUR CONSTITUTIENTS THE TRUTH?

    YOU ARE NOW EACH VALUAED TO BE WORTH $725K AND WE ARE VALUED AT ONLY $20K. WE ARE THE 98% WHO ARE STRIVING TO GET BACK INTO THE MIDDLE CLASS AND YOU ARE THE 1% – HOW COULD WE DARE TO BELIEVE YOU HAVE ‘OUR’ BEST INTERESTS AT HEART WHEN THE EVIDENCE REVEALS ‘REGAON AND CLINTON AND THE BUSH’S AND OBAMA ARE REPRESENTING THE BEST INTERESTS OF THE PRIVATE WEALTH MEMBERS WHO HOLD THE OBLIGATIONS AND GOOD FAITH AND CREDIT OF THESE UNITED STATES.

    WE HAVE DONE OUR DUTY AND EACH PAID AND CONTRIBUTED TO THESE UNITED STATES OBLIGATIONS AND YOU ALLOW A STRANGER, WHO WINDS UP BEING YOUR BENEFATOR TO TAKE POSSESSION OF EACH AMERICAN’S DREAMS!

    WE SHOULD HAVE KNOWN THE TRUTH!
    THAT WE DO NOT AND CANNOT OWN THE REAL ESTATE PROPERTY, AS LONG AS THE REAL OWNER HOLDS OBLIGATIONS AND WILL CONTINUE TO RECEIVE THE ENTITLEMENTS ATTACHED TO THE ENCUMBRANCES, LIENS, RESTRICTIONS ATTACHED TO THE PROPERTY.

    ‘RECORD OF DEFECTS’
    ‘BROKERS’ WHO SIT NATIONWIDE AS ‘TEAM MEMBERS’ ARE REWARDED MONTHLY BY DIVIDENDS WHICH SHOULD HAVE BELONGED TO YOU! REWARDS FOR KEEPING THEIR MOUTHS SHUT! REWARDS FOR FOR SELLING
    INDIVIDUAL VARIABLE RIDER/NOTES

    VALUABLE COMMODITIES: ‘INDIVIDUAL VARIABLE RIDER/NOTE, AND HOLD ‘ASSIGNMENT IN BANK’ PROMISSORY NOTE UNTIL TIME TO TRANSFER TITLE.

    RETAIL SALES AGENT SELLS TO CONSUMER, A CONSUMER WHO BELIEVES THEY ARE PURCHASING REAL ESTATE, IS TOLD THEY ARE PURCHASING REAL ESTATE, ARE TOLD THEY HAVE INSURANCE OWNERS POLICY …
    WAKE UP – READ THE FINE PRINT – THE OWNERS TITLE POLICY IS OF PROTECTION OVER PUBLIC LIENS ONLY? ITS THE LENDERS POLICY WHICH MAY PROTECT US THAT WE DON’T HAVE COPIES OF THAT REVEAL THE ENTITLEMENTS, ENCUMBRANCES, LIENS AND RESTRICTIONS THAT ARE PRIVATE, THAT THE INSURANCE COMPANY BROKER ‘ACCEPTS’ AS REASONABLE RISK TO ‘EXCHANGE TITLE.’

    NATIONWIDE ‘MORTGAGE BROKERS’ TAKE TO MARKET OUR ‘INVESTMENT PORTFOLIO’ AND RECEIVE MONTHLY BENEFITS, DIVIDENDS, AND POT OF GOLD HELD FOR END, THE COVETED DEFAULT, WHEN CASH PROCEEDS OF ‘REAL ESTATE MORTGAGE INVESMENT CONDIT ONE THAT DOES NOT HAVE A ‘TRUST FUND’ ONE THAT INSURES ‘MORTGAGE LOAN PARTICIPATION CERTIFICATES’ IN THE SECONDARY MARKET FOR ‘INVESTORS’ WHO REFUSE TO BE NAMED ON THE ‘MERS TITLE TRANSFER EXCHANGE’ FOR THEY ARE THE REAL LENDER WHOSE CREDIT LINE WAS USED TO SELL RIGHTS TO COLLECT – NOT THE OWNER AND THEY WILL ‘DISCLOSE’ IN PUBLCI LAND RECORDS SUCH FACTS TO THE ‘BROKER’ AND ‘LDENDER’ — THE INSURANCE SERVICER.

    WE THINK WE ARE WITH A REAL ‘MORTGAGE’ BUT WE ARE ‘RENTING’ IF YOU GOT STUCK WITH PROPERTY ALREADY ENCUMBERED WITH ENTITLEMENTS AND/OR LIENS IN THE FIRST AMERICAN – NORWEST MORTGAGE, INC. PIPELINE!

    ALL ESCROW ADVANCED, BE ADVISED THERE IS NO LOAN, UNTIL YOU DEFAULT AND THE REAL BORROWER CREATES WHAT IS CALLED A NEW ‘FORECLOSURE LOAN’ PENDING SETTLEMENT WITH THE CORRESPONDENT BANK WHO HAS A CLOSED END MORTGAGE ON THE BOOKS, AND OBLIGATION ALREADY.

    ALL REAL ESTATE OWNED PROPERTY PURCHASED FIRST BY ‘SERVICER’ DURING ORIGINATION OR DURING FORECLOSURE SETTLEMENT – A SHORT SALE CONDUCTED BY EACH JUDGE AS REAL ESTATE LAWYER, SIGNS ORDERS AND SELL PROPERTIES BACK TO SUCCESSOR BENEFICIARY THE SAME ROBO-SERVICER DEBT COLLECTOR WHO WILL ISSUE A NEW ‘MORTGAGE’ IN NAME OF SERVICER ANYBANK NA.

    DURING DEFAULT – THE ROBO-FIRM ACTS AS SERVICER OF CURRENT DEBT – YOU PAID ESCROW FOR INVESTMENTS – THERE IS NO LOAN – NOT FOR YOU – JUST OBLIGATION TO ADVANCE ESCROW! CASH BABY CASH!

    WHEN YOU ARE LATE AND MISS ADVANCING ESCROW THE SERVICER KICKS IN CALCULATING A NEW LOAN WITH A NEW SERVICER THE ROBO-FIRM AND WHO IS UNDER AGREEMENT TO PURCHASE COLLECTION RIGHTS WHEN SERVICER OF INSURANCE TITLE IS CLEARED BY THE JUDGE PURCHASE OF PROPERTY FOR $100.

    NEW LIENS, FOR SUCCESSOR BENEFICIARY AND SUBSTITUTE TRUSTEE CREATED.

    THE 90 DAY MISSED NOTICE OF DEFAULT ISSUED BY ROBO-FIRM BOGUS!

    THE COLLATERAL OF THE INDIVIDUAL VARIABLE RIDER/NOTE HELD BY FEDERAL RESERVE BANKI OF NEW YORK ‘SECURED PARTY’ OVER FEDERAL HOME LOAN BANK DES MOINES’DEBTOR’ FOR EXAMPLE WITH REAL LOANS HELD BY FEDERAL HOME LOAN BANKS, WHO SELL CREDIT LINES COLLECTION RIGHTS, WHO SELL COLLECTION RIGHTS AGAINST THOSE LOANS HELD BY CORRESPONDENTS WHO SELL THOSE COLLECTION RIGHTS ATTACHED TO RESALE OF COLLECTION RIGHTS TO MORTGAGE BROKERS WHO PRETEND TO BE ‘REAL ESTATE’ HOME MORTGAGE’ RETAIL BANKS BUT ARE SERVICERS OF TITLE INSURANCE REAL ESTATE OWNED ASSET MANAGERS…

    ‘MORTGAGE BROKER’ ARE REAL ESTATE LAWYERS WHO ARE PAID TO KEEP THEIR MOUTHS SHUT ARE REWARDED BY CORRESPONDENT AGENT WHO IS REWARDED BY INSURANCE SERVICER’ WHO PURCHASED ‘MORTGAGE LOAN RIGHTS TO SERVICE LOAN’ AND CREDIT LINE CREATES OBLIGATION FOR WHICH A TITLE EXCHANGE TAKES PLACE,

    WE GET THE DEED IN OUR NAME WITH A LIEN IN FORM OF A ‘MORTGAGE RECORDED IN PUBLIC LAND RECORDS – THE LIEN WITH A ‘SERVICER’ OF THE REAL LENDER THE FEDERAL HOME LOAN BANK, WHO LOOKS THE OTHER WAY IN ALL MATTERS RELATED TO ‘SECONDARY MARKET’

    DURING REO PERIOD FOLLOWING SHERIFF SALE, PROPERTY, FOR EXAMPLE IN MARYLAND, WASHINGTON COUNTY, RECORDED IN NAME OF RELS TITLE THE INTERMEDIARY ASSET MANAGER OF LENDERS PROCESSING SERVICES DBA PREMIER ASSET SERVICES FOR ALL SERVICERS ANYBANK NA WHO ARE PULLING FAST ONES TO SPEED UP FORECLOSURE ‘SETTLEMENTS’ WHICH ARE REALLY – BELIEVE IT OR NOTE -SHORT SALES BETWEEN SUCCESSOR BENEFICIARY AND SERVICER OF INSURANCE WHO OWN TITLE AGAIN. DEED FOR SALES CONTRACTS. DEED THEY OWN REAL ESTATE PROPERTY ‘REO’ COLLECTION RIGHTS – SERVICER AS DEBT COLLECTOR, MORTGAGE BROKER, CORRESPONDENT …

    I M P O R T A N T
    EXAMPLE OF ‘TOP-LEVEL’ TIER ‘CASH’ PRIVATE WEALTH
    AND CONTRACT Each Portfolio of the Trust has a different investment objective or objectives
    which it pursues through separate investment policies

    STRUCTURED INVESTMENT VEHICLES
    ‘DECLARATION OF TRUST’ AND AGREEMENTS WITH ‘CUSTODIANS’ CORRESPONDENT BANKS, FEDERAL HOLD LOAN BANKS OVERSIGHT OF FEDERAL RESERVE & SECURITIES EXCHANGE REGULATIONS, I PLACE FROM SECINFO PUBLIC DOCUMENTS KEY VARIABLE INTESTOR…
    September, 1994 between

    VARIABLE INVESTORS SERIES TRUST,
    an unincorporated business trust organized under the
    laws of the Commonwealth of Massachusetts (the “Trust”), and FIRST VARIABLE ADVISORY SERVICES CORP., a Massachusetts corporation (the “Adviser”).

    this Prospectus, First Variable Life Insurance Company (“First Variable Life”) is the only life insurance company that uses the Trust to fund its separate accounts.

    FIRST VARIABLE ADVISORY SERVICES CORP.
    AND
    VARIABLE INVESTORS TRUST FUND
    2122 YORK RD, OAK BROOK, IL 60523
    ARNOLD R. BERGMAN SECRETARY

    RAYMOND A. O’HARA III, ESQ. – BLAZZARD, GRODD & HASENAUER, p.C.
    WESTPORT CT 06881
    on May 1, 1998

    ADVISORY AGREEMENT OVER PORTFOLIOS

    Note: April 1, 1994, INVESCO Capital Management, Inc. had acted as investment adviser to the Portfolios of the Trust

    April 1, 1994, FVAS became investment adviser

    Trust is intended to be the funding vehicle for variable annuity contracts (“VA contracts”) and variable life insurance policies (“VLI policies”) to be offered by life insurance company separate accounts. The Trust currently does not foresee any disadvantages to the holders of VA contracts and VLI policies arising from the fact that the interests of the holders of such contracts and policies may differ.

    The Trust sells shares only to the separate accounts of certain life insurance companies as a funding vehicle for the variable annuity contracts and variable life insurance contracts offered by those companies

    The Trust is intended to be the funding vehicle for variable annuity contracts (“VA contracts”) and variable life insurance policies (“VLI policies”) to be offered by life insurance company separate accounts.

    The Trust may make its shares available to additional life insurance companies from time to time

    SEC REGISTRANTS:
    WARBURG, PINCUS COUNSELLOR, INC.
    PILGRAM BAXTER & ASSOCIATED LTD;
    STATE STREET BANK AND TRUST COMPANY;
    VALUE LINE, INC,
    STRONG/CORNELIUSON CAPITAL MANAGEMENT, INC;
    FEDERATED INVESTMENT COUNSELING;

    STRONG CAPITAL MANAGEMENT, INC. (“STRONG”), One Hundred Heritage Reserve, P.O.
    Box 2936, Milwaukee, WI 53201, is the Sub-Adviser for the U.S. Government Bond Portfolio.

    KEYSTONE INVESTMENT MANAGEMENT COMPANY (“KEYSTONE INVESTMENT”), 200 Berkeley
    Street, Boston, MA 02116-5034, is the Sub-Adviser for the World Equity Portfolio.

    Keystone Investment was organized in 1932 as a Delaware corporation. First Union Keystone, Inc. (“Keystone”) is the corporate parent of wholly-owned operating subsidiaries, which include Keystone Investments. Keystone is a wholly-owned subsidiary of FUNB-NC which, in turn, is owned by First Union Corporation (“First Union”). First Union is a publicly owned multibank holding company registered under the federal Bank Holding Company Act of 1956, as amended. First Union and its subsidiaries provide a broad range of financial services

    FIRST VARIABLE LIFE INSURANCE CO;

    EXAMPLE OF PRIVATE WEALTH OWNERS OF
    REAL TRUST FUNDS” WHITH MONEY AND OWNER OF OBLIGATIONS & PROMISES BACKED BY THE FULL FAITH AND CREDIT OF THESE UNITED STATES OF AMERICA

    Variable Investors Series Trust/MA
    EX-99.B.8
    485BPOS Variable Investors Series Trust

    FUNDS ASSETS HELD IN CUSTODIAN’S DIRECT PAPER SYSTEM:

    CUSTODIAN (A MOST VERY IMPORTANT PARTY)

    Note: All Filing Agents of the REMIC 10K’s, for example, are ‘transfer agents’ who ‘clear’ electronically the booked entry certificates held in electronic form ‘MERS’ and ‘DTC’ …
    are recording under the 1934 Securities Exchange Act.

    Securities Exchange Act of 1934, which acts as a securities
    depository, or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies, collectively referred to herein as “Securities System” in accordance with applicable Federal Reserve Board and Securities and Exchange Commission rules and regulations

    CUSTODIAN attend to all non-discretionary details in connection
    with the sale, exchange, substitution, purchase, transfer and other
    dealings with the securities and property of the Portfolio except as
    otherwise directed by the Board of Trustees of the Fund.

    The Custodian may keep securities of the Portfolio in a Securities
    System provided that such securities are represented in an account
    (“Account”) of the Custodian in the Securities System which shall
    not include any assets of the Custodian other than assets held as a
    fiduciary, custodian or otherwise for customers;

    The records of the Custodian with respect to securities of the
    Portfolio which are maintained in a Securities System shall identify
    by book-entry those securities belonging to the Portfolio;

    The Custodian shall pay for securities purchased for the account of
    the Portfolio upon
    (i) receipt of advice from the Securities System
    that such securities have been transferred to the Account, and
    (ii)
    the making of an entry on the records of the Custodian to reflect
    such payment and transfer for the account of the Portfolio. The
    Custodian shall transfer securities sold for the account of the
    Portfolio upon (i) receipt of advice from the Securities System that
    payment for such securities has been transferred to the Account, and
    (ii) the making of an entry on the records of the Custodian to
    reflect such transfer and payment for the account of the Portfolio.
    Copies of all advices from the Securities System of transfers of
    securities for the account of the Portfolio shall identify the
    Portfolio, be maintained for the Portfolio by the Custodian and be
    provided to the Fund at its request. Upon request, the Custodian
    shall furnish the Fund on behalf of the Portfolio confirmation of
    each transfer to or from the account of the Portfolio in the form of
    a written advice or notice and shall furnish to the Fund on behalf
    of the Portfolio copies of daily transaction sheets reflecting each
    day’s transactions in the Securities System for the account of the
    Portfolio;

    Anything to the contrary in this Contract notwithstanding,

    the Custodian shall be liable to the Fund for the benefit of the
    Portfolio for any loss or damage to the Portfolio resulting from use
    of the Securities System by reason of any negligence, misfeasance or misconduct of the Custodian or any of its agents or of any of its or their employees or from failure of the Custodian or any such agent to enforce effectively such rights as it may have against the
    Securities System; at the election of the Fund, it shall be entitled
    to be subrogated to the rights of the Custodian with respect to any
    claim against the Securities System-em or any other person which the Custodian may have as a consequence of any such loss or damage if and to the extent that the Portfolio has not been made whole for any such loss or damage.

    Responsibility of Custodian
    So long as and to the extent that it is in the exercise of reasonable
    care, the Custodian shall not be responsible for the title, validity or
    genuineness of any property or evidence of title thereto received by it or delivered by it pursuant to this Contract and shall be held harmless in acting upon any notice, request, consent, certificate or other instrument reasonably believed by it to be genuine and to be signed by the proper party or parties, including any futures commission merchant acting pursuant to the terms of a three-party futures or options agreement.

    THE ‘THREE PARTY AGREEMENT DOES NOT MEAN THE ‘TRINITY’

    The Custodian shall be held to the exercise of reasonable care in carrying out the provisions of this Contract, but shall be kept indemnified by and shall be without liability to the Fund for any action taken or omitted by it in good faith without negligence.

    It shall be entitled to rely on and may act upon advice of counsel (who may be counsel for the Fund) on all matters, and shall be without liability for any action reasonably taken or omitted pursuant to such advice.

    The Custodian shall be liable for the acts or omissions of a foreign
    banking institution appointed pursuant to the provisions of Article 3 to the same extent as set forth in Article 1 hereof with respect to sub-custodians located in the United States (except as specifically provided in Article 3.9) and,

    regardless of whether assets are maintained in the custody of a foreign banking institution, a foreign securities depository or a branch of a U.S. bank as contemplated by paragraph 3.12 hereof, the Custodian shall not be liable for any loss, damage, cost, expense, liability or claim resulting from, or caused by, the direction of or authorization by the Fund to maintain custody or any securities or cash of the Fund in a foreign country including, but not limited to, losses resulting from nationalization, expropriation, currency restrictions, or acts of war or terrorism. If the Fund on behalf of a Portfolio requires the Custodian to take any action with respect to securities, which action involves the payment of money or which action may, in the opinion of the Custodian, result in the Custodian

    or its nominee assigned to the Fund or the Portfolio being liable for the payment of money or incurring liability of some other form, the Fund on behalf of the Portfolio, as a prerequisite to requiring the Custodian to take such action, shall provide indemnity to the Custodian in an amount and form satisfactory to it.

    SECURITIES SETTLEMENTS INCLUDE THE ‘FORECLOSURE’ SETTLEMENTS (THAT IS HOW THE COURT PERCEIVES AND RECORDS A FORECLOSURE – AS A SETTLEMENT’ AND ORDERS TRUSTEE/SHERIFF SALE TO BE EXECUTED AND DOES NOT COPY ‘DEFENDANTS’ ON MATTERS WHICH DON’T CONCERN THEM? HEY WHAT ABOUT MY BENEFITS THAT WERE STOLEN?

    THE ‘JUDGE’ OF COURT OF EQUITY, AS A REAL ESTATE LAWYER, SELLS BACK FROM ‘STATE’ PROPERTY FOR $100, PENDING ‘SETTLEMENT’ BOTH SETTLEMENT PERIOD AND SETTLEMENT FUNDS BETWEEN THE ‘SERVICER’ SUCCESSOR BENEFICIARY WHO IS IN COURT AS PLAINTIFF, NEW ROBO-FIRM ‘BROKER’ REAL ESTATE LAWYER ‘SERVICER’ OWNER OF COLLECTION RIGHTS ‘PRETENDS’ TO BE PARTY WHY? THEY ARE UNDER ‘CONTRACT’ TO BECOME THE LENDER WHEN TITLE CLEARED, AND COURT ORDERS LIEN IN FAVOR OF ‘SUCCESSOR BENEFICIARY!’

    If the Fund requires the Custodian, its affiliates, subsidiaries or agents, to advance ‘ cash or securities for any purpose (including but not limited to securities settlements, foreign exchange contracts and assumed settlement) for the benefit of a Portfolio including the purchase or sale of foreign exchange or of contracts for foreign exchange or in the event that the Custodian or its nominee shall incur or be assessed any taxes, charges, expenses, assessments, claims or liabilities in connection with the performance of this Contract, except such as may arise from its or its nominee’s own negligent action, negligent failure to act or willful misconduct, any propertyat any time held for the account of the applicable Portfolio shall be security therefor and should the Fund fail to repay the Custodian promptly, the Custodian shall be entitled to utilize available cash and to dispose of such Portfolio’s assets to the extent necessary to obtain reimbursement.

    The Custodian shall provide the Fund for the Portfolio with any
    report obtained by the Custodian on the Securities System’s
    accounting system, internal accounting control and procedures for
    safeguarding securities deposited in the Securities System;

    Custodian shall with respect to each Portfolio create and maintain all records relating to its activities and obligations under this Contract in such manner as will meet the obligations of the Fund under the Investment Company Act of 1940, with particular attention to Section 31 thereof and Rules 3la-1 and 3la-2 thereunder. All such records shall be the property of the Fund

    The Custodian shall, at the Fund’s request, supply the Fund with a tabulation of securities owned by each Portfolio and held by the Custodian and shall, when requested to o so by the Fund and for such compensation as shall be agreed upon between the und and the Custodian, include certificate numbers in such abulations

    The Custodian shall have received from the Fund on behalf of the
    Portfolio the initial or annual certificate, as the case may be,
    required by Article 14 hereof;

    1: 485BPOS Variable Investors Series Trust 76 467K
    2: EX-99.B.1 Agreement and Declaration of Trust 16 81K
    3: EX-99.B.2 By-Laws, as Amended to March 19,1997 6 27K
    4: EX-99.B.5(A) Investment Advisory Agreement 9 42K
    5: EX-99.B.5(B) Form of Sub-Advisory Agreements 28 112K
    6: EX-99.B.8 Form of Custodian Agreement 18 103K
    7: EX-99.B.9(A) Form of Transfer Agency and Service Agreement 10 52K
    8: EX-99.B.9(B) Form of Subadministration Agreement 9 36K
    9: EX-99.B.9(C) Expense Reinbursement Agreement 3 15K
    10: EX-99.B.10 Consent of Blazzard, Grodd & Hasenauer P.C. 2 10K
    11: EX-99.B.11 Consent of Ernst & Young Llp, Independent Auditors 2 9K
    12: EX-99.B.16 Schedule of Computation of Performance Information 9 27K
    13: EX-27.1 FDS Ye Small Cap Growth Portfolio 2± 10K
    14: EX-27.2 FDS Fy for World Equity Portfolio 2± 10K
    15: EX-27.3 FDS Fy for Growth Portfolio 2± 10K
    16: EX-27.4 FDS Fy for Matrix Equity Portfolio 2± 10K
    17: EX-27.5 FDS Fy for Growth and Income Portfolio 2± 10K
    18: EX-27.6 FDS Fy for Multiple Strategies Portfolio 2± 10K
    19: EX-27.7 FDS Fy for High Income Bond Portfolio 2± 10K
    20: EX-27.8 FDS Fy for U.S. Government Bond Porfolio 2± 10K

    (a) To invest and reinvest cash, and to hold cash uninvested;

    (b) To sell, exchange, lend, pledge, mortgage, hypothecate, write
    options on and lease any or all of the assets of the Trust;

    (e) To hold any security or property in a form not indicating any
    trust, whether in bearer, unregistered or other negotiable form, or in the name of the Trustees or of the Trust or in the name of a custodian, subcustodian or other depository or a nominee or nominees or otherwise;

    Shall be not fewer than three Trustees

    The purpose of the Trust is to provide investors a managed investment primarily in securities, commodities and debt instruments
    Variable Investors Series Trust/MA · ‘485BPOS’ · Effective 5/1/98, On 4/17/98
    http : // www . secinfo . com / dsvRx . 72D3 . d . htm

    Variable Investors Series Trust/MA · 485BPOS · On 4/17/98 · EX-99.B.1
    4/17/98 Variable Investors Seri..Trust/MA 485BPOS 5/01/98

    EX-99.B.1 Agreement and Declaration of Trust

  12. THE ‘MORTGAGE’ RECORDED IN LAND RECORDS REPRESENTS A FORM OF ‘FINANCING STATEMENT’ RECOGNIZED IN SECONDARY MARKET AS A LIEN PUTTING SECONDARY MARKET LENDERS ON NOTICE PUTS FUTURE PURCHASERS ON NOTICE THAT THERE ARE ‘PRIVATE EXCHANGE’ OF ENTITLEMENTS, AND ENCUMBRANCES, LIENS AND RESTRICTIONS ‘RECORD OF DEFECTS’ TRACKED BY THE PROPRIETARY CREDIT REPORTING AGENCY FOR PRIVATE CLIENTS.

    A MUST REREAD:

    THE ‘FOOTNOTES’

    LOOPHOLE WHERE DURING VERBAL TESTIMONY, PERHAPS, R.K.ARNOLD DID NOT HAVE TO MENTION ‘WELLS FARGO & CHASE’ STRATEGIC PARTNERSHIP BY PLACING IN THE FOOTNOTE #2 IN HIS WRITTEN COPY OF TESTIMONY BEFORE CONGRESS ‘BANKING COMMISSION’

    RK ARNOLD, PRESIDENT MERSINC. CORP, REPRESENTING THE BOTH THE CORPORATION SHAREOWNERS AND BENEFACTORS OF THE ‘PRIVATE COOPEARTIVE EXCHANGE’ OF BENEFICIAL INTERESTS REQUIRED TO BE RECORDED BY WELLS FARGO BANK NA DBA PREMIER ASSETS, LENDERS PROCESSING SERVICES ASSET MANAGERS/DIRECTORS, NORWEST MORTGAGE, INC. CONDUIT DBA ‘WELLS FARGO HOME MORTGAGE INSTITTUIONAL’…

    PRIVATE EXCHANGE AND COOPERATIVE THROUGH WHICH A CONTROLLED GROUP NATIONWIDE AND UNDER AGREEMENTS, BOTH, ‘CORRESPONDENTS & MORTGAGE BROKERS’ WHO ARE COMMERCIAL CLIENTS OF INSTITUTIONAL UNDERWRITING …

    FOOTNOTE #7:
    PROMISSORY NOTE IS NOT (AND NEVER HAS BEEN) RECORDED OR STORED WITH THE COUNTY LAND RECORDS.

    THE NOTE IS A NEGOTIABLE INSTRUMENT THAT CAN BEBOUGHT AND SOLD BY ENDORSEMENT AND DELIVERY FROM THE SELLER OT THE NOTE PURCHASER. THIS ONE ‘ACTIVITY’ REPRESENTS ONE TRANSACTION NOT THE ENTIRE ‘MORTGAGE DOCUMENT FILE WHICH CONTAINS MANY TRANSACTIONS GOVERNED BY MANY DIFFERENT UCC CODES, 1, 2, 3, 8, 9….

    CLEARLY CHASE MANHATTAN CORP – CHASE MORTGAGE HOLDINGS TOOK PRIVATE IT’S ‘CHILD’ ARE RECORDED IN THE FEDERAL FINANCIAL INSTITUTION REPOSITORY FFIEC . GOV

    THE PROMISSORY NOTE IS NOT RECORDED
    Wells Fargo and JP Morgan Chase & principal members in this regard service most of the loans they originate themselves, so registering their retail business on the MERS® System is of less practical value to them.

    However, when these institutions purchase loans from others, known as their correspondent business, they do require that those loans be registered on the MERS® System

    MERS(R) SYSTEM, TRANSFER AGENTS, CLEARING AGENTS, IN FOOTNOTE #9, ‘BORROWERS’ AS ‘TRUSTORS’ MAY ACCESS SYSTEM TO SEE WHO THE ‘SERVICER’ OWNER OF THE COLLECTION RIGHTS IS THEY WERE WHO CONCEALED THE BENEFICIAL RIGHTS AND ENTITLEMENTS, ENCUMBRANCES, LIENS, RESTRICTIONS ATTACHED TO ‘REAL PROPERTY’ AND CONCEALING CONSUMER PURCHASING A ‘REAL ESTATE OWNED’ PROPERTY – PROPERTY ALREADY OWNED BY ‘UNDERWRITER’ FIRST AMERICAN…

    REAL ESTATE OWNED PROPERTIES & HUD-1, CONNECT TO MERS THROUGH $50 TECHNOLOYG FEE!
    NDTS TECHNOLOGY FEE’ RECORDING AVAILABILITY OF RIGHTS FOR RETAIL RESALE…PERHAPS…
    LIS PEND ENS TAKES ON FORM OF
    NOTICE OF DEFAULT, ASSIGNMENT OF MORTGAGE
    PENDING TRUSTEE SALE AND/OR PENDING SHERIFF SALE
    LIEN RECORDED IN PUBLIC RECORDS IN ORDER THAT RIGHTS AGREEMENT SELLING COLLECTION RIGHT BACK TO COURT C/O JUDGE WHO IS REAL ESTATE LAWYER WHO ORDRES EXECUTIION OF TRUSTEE SALE FOR $100 CLEARING TITLE AND ORDERS ADDITIONAL ORDERS. ANYONE LOOKING BACK?
    WHAT ADDITIONAL ORDERS?

    THE ADDTIONAL ORDERS THE JUDGE SIGNS AS REAL ESTATE LAWYER TO RELEASE SETTLEMENT FUNDS – AND ALLOWS THE ‘SUCCESSOR BENEFICIARY’ WHO PRETENDED TO BE PLAINTIFF TO TAKE CONTROL OF ‘RIGHTS’ TO SERVICE DEBT.

    SEND THANK YOIU LETTERS TO THE REGAN CREW! WANT THEM TO STAY IN OFFICE? CONCEALED OBLIGATIONS BACKED BY FULL FAITH AND CREDIT OF THESE UNITED STATES OF AMERICA (PUBLIC FUND FIRST EVERY BAILOUT OBLIGATIONS STILL EXIST)…

    CONCEALMENT ALL RIGHTS RELATED TO REAL ESTATE WERE RESOLD IN SECONDARY MARKET NATIONWIDE REAL ESTATE COLLECTION RIGHTS OF DEBT BIG BIG BIG BUSINESS.
    ONLY ‘ONE’ ORGANIZATION – WAS ‘SERVICER’ OF RIGHTS ATTACHED TO ALL TYPES OF INVESMENTS INCLUDING REAL ESTATE, BANKING AND INSURANCE DID MAKE THE ‘SLAMDUNK DEAL’ WITH ‘HUD/FREDDIE MAC AND FANNIE MAE’ TO ‘INSURE’ AND ‘ENSURE’ COLLECTION RIGHTS SOLD IN SECONDARY MARKET ATTACHED TO ‘FREDDIE MAC LOAN PARTICIPATION CERTIFICATES’ ARE SELF-INSURED THROUGH ‘REAL ESTATE MORTGAGE INVESTMENT CONDUITS’ OF REAL ESTATE OWNED MORTGAGE LOANS SERVICED BY APPROVED CORRESPONDENTS OF ‘FEDERAL HOME LOAN BANKS’ AND INVESTORS ‘MORTGAGE BROKERS’ …

    FORMER ‘PRESIDENT BUSH’ AND/OR PRESIDENT OBAMA THANK YOU LETTERS?

    FOR ALLOWING A ‘PILOT’ OF A NEW ‘CREDIT CLASS OF CONSUMER’ TO BE TARGETTED AND SOLD THROUGH CONCEALMENT ‘SERVICING RIGHT’ OF FIRST AMERICAN REAL ESTATE SOLUTIONS LLC (FARES LLC) DBA CORELOGIC SINCE 1997, RELS MANAGEMENT LLC, NORWEST MORTGAGE, INC. CONDUIT IN STRATEGIC PARTNERSHIP (50%) AND CHASE MANHATTAN HOLDINGS PRIVATE CORRESPONDENT BUSINESS TITLE EXCHANGE DBA ‘MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., AND MORSERV INC. CONDUIT, AND STRATEGIC PARTNERS WITH NORWEST MORTGAGE, INC, CONDUIT AND DIRECTORS ASSET MORTGAGE CONDUIT, PREMIER ASSETS, ….

    ‘MEMBERS OF MERS’ CORRESPONDENT LENDERS AND MORTGAGE BROKERS REGISTER LOANS THEY PLAN TO SELL MEANING EACH ARE WITH A SALES CONTRACT, EACH ASSIGNED A UNIQUE ‘SERVICER LOAN ID’ WHICH IS AFFIXED TO YOUR ‘MORTGAGE’ AND/OR PROMISSORY NOTE’ WHICH IS ATTACHED TO INDIVIDUAL VARIABLE RIDER/NOTE AND THE ‘RIGHTS AGREEMENT’ SELL AND EXCHANGE ‘DEED’ TITLE IN NAME OF CORRESPONDENT EXCHAGNED FOR YOUR NAME !

    On December 26, 2007, President

    Bush signed legislation authorizing a

    $180 million appropriation for the

    National Foreclosure Mitigation

    Counseling Program. These funds are

    to be administered by NeighborWorks®

    America through a competitive grant

    process. Properly trained and qualified

    housing counselors can help troubled

    borrowers to assess their financial

    condition, assets, and credit

    worthiness, and work with current

    lenders to restructure or refinance

    subprime or adjustable-rate mortgages

    the borrower can no longer afford, or

    that is already in default. As the

    financial community and the host of

    interested organizations concerned

    with preserving neighborhoods and

    home ownership look to broad-based

    solutions, a key obstacle related to

    servicing severely limits the capacity to

    refinance troubled borrowers.

    Currently, each loss mitigation

    action, from successful refinancing to

    sale or transfer in lieu of foreclosure,

    must be handled on a separate basis,

    and any negotiations with an existing

    lender, actually their servicer, also must

    take place individually. There is no

    industry-wide or broadly compatible

    platform for exchanging data between

    counselors (attempting to aid distressed

    and/or defaulted borrowers) and

    mortgage servicers, who can make a

    decision to restructure, forbear payments,

    or otherwise modify existing mortgages.

    Organizations affiliated with NHS are

    working to overcome this key obstacle.

    Neighborhood Housing Services of

    America, the secondary market entity

    affiliated with NeighborWorks® America,

    has developed an e-commerce platform

    called Just Price Solutions® (JPS). JPS

    provides access to purchase money

    mortgages for households

    WHO IS J

  13. I KNOW DO YOU?

  14. Javagold –

    Just because BOA says Fannie Mae is your lender doesn’t mean they are. I had document recorded at closing stating I had a special Fannie Mae loan and guess what I have a letter from Fannie Mae stating they do not have the loan. It was a repurchase loan, but I was not in default.

  15. Nice associations — good connections. But, who are they (were they) working for?? Working on behalf of?? Not Wells Fargo. In name only.

    That, Nancy, is the unanswered question.

  16. also i put 20% down and had a normal fixed mortgage with no PMI……so i am not sure if that benefits me or hurts me regarding their amount of fraud upon me…BOA was the “lender” and still is the “servicer” but i would guess they securitized before i even walked into the house…..they also refused to tell me the investor for over a year but now gladly tell me every day its fannie mae and sent me paper work that notififed me of the trust name…..dont know if them divulging all this info after they refused to, is positive or not, but it sure seems strange !

  17. yes i am in judicial NJ

  18. They are reshaping the verbiage to refile the action. you must be in a judicial state javagold.

  19. what is the game allowing them to do, that i am not understanding yet ??……plus when the fraudclosure attorneys sent me the notice they had my original account numbers (that was switched by BOA after a year of me paying on time)…..since then i havent heard a word from the attorneys in almost 2 years ?????…..but BOA has sent me over a 100 notices that they are now BOA NA, the same notice over and over and over !!!!!!!!…..i feel like i have have over 20 angles to fight them on, but not sure how to put it all together

  20. That is why BAC had to eat Merrill and CWBC and now to foreclose in judicial states under the name-game they have transferred ot merged BAC Home Loan Servicing back into Bank of America, NA.

  21. so it looks like the NA is where the fraud is…..exactly what NPV has been saying…….i was wondering why BOA has switched their correspondance and account # with me many times over the past 5 years between BOA Home Servicing and BOA NA

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