WHAT IS THE FED BUYING?

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EDITOR’S NOTE:

WHAT IS THE FED BUYING? IF THE LOANS WERE ORIGINATED CONTRARY TO INDUSTRY PRACTICE, IF THE MONEY USED TO FUND THE LOANS CAME FROM INVESTORS, WHAT COULD THE FED BE BUYING FROM THE BANKS WHO ARE ONLY INTERMEDIARIES. AND IF THE FED IS BUYING THESE SECURITIES THEN WHY ARE THEY NOT THE PRINCIPAL NAMED IN FORECLOSURES? ANSWER: THE FEDS BOUGHT NOTHING AND THEY KNOW IT. IT IS MERELY A RUSE TO GIVE THE BANKS MORE MONEY.

AND let’s assume that the Fed is really buying bona fide mortgage backed securities (MBS) issued from a well-funded pool into which investor money was contributed and used to purchase loans. Which loans? Where is the transparency here? Are these actual purchase with schedules of loans attached? Why can’t we see all the loans that are “owned” by investment pools that issued mortgage backed securities.

One more question: If the mortgage bonds were issued to investors in exchange for money, then how the investment bank become the seller? Are the investors joining in on the sale? If so, what happens to the SPV, REMIC, Trust or whatever you want to call the investment pool?

Does the transfer of an invalid note issued without consideration and a mortgage securing the note give anything more to the Fed than the banks which is nothing on top of nothing?

The obvious scenario here is a shell game designed to confuse investors, borrowers, regulators, lawyers and judges. And it is working — except in those cases where we employ the Deny and Discover strategy.

Fed likely to continue MBS purchases to secure housing recovery
http://www.housingwire.com/news/2013/01/30/fed-likely-continue-mbs-purchases-secure-housing-recovery

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106 Responses

  1. Ray Shelton, on December 19, 2013 at 12:20 am said:

    US Bank and SN Servicing has submitted Forged documents in our federal bankruptcy case too and we will never stop perusing them in court for damages. We are also asking our Federal judge to prosecute their current attorney out of Jacksonville Florida who continued to defend this case knowing that forged document are before a federal court. All the offending parties at SN Servicing and their attorneys are committing a serious crime against our country. We have filed a formal complaint with the FBI and the US attorney general and many great Judges all across this nation are finally stopping them from this kind of fraud on American families. US Bank and SN servicing and their attorneys are also violating a serious consent order that was to protect the people from these crimes but they could care less. Please feel free to have your clients join a class action suit so that we can end their behavior with a multi billion dollar punitive damage suit. Join us, call Ray Shelton in Florida at 352 274 8467

  2. The HISTORY CHANNEL is talking all about how SUPREMECISTS TRY TO MAKE EVERYONE ELSE A SECOND CLASS CITIZEN …… IT IS A SEVERE FORM OF INTIMIDATION TERRORISM…..THINK THE KKK…NO ONE IS CRAZIER THAN YOU MO FO RADICAL COMMIE SUBVERTORS…..YOU ARE TRYING TO DESTROY YOUR MASSIVE CRIME SCENE BY ATTEMPTING TO DETROY AND DESECRATE YOUR VICTIMS CREDIBILITY…..NO ONE BELIEVES YOU…

  3. CORRECTION….GUEST…..YOU ARE A DANGEROUS RADICAL COMMUNIST SUPREMICIST TOTALITARIAN CONTROL FREAK..WHO MAKES UP YOUR OWN RULES AS YOU GO ALONG…PROBABLY A BRAINWASHED ALINSKYITE LIKE OBAMA, HILLARY AND THEIR DEMOCRATIC MINONS & COHORTS…..

  4. GUEST, If you can’t intimidate others with your tactics your response is to call others crazy. You are a totalitarian control freak. Some a dangerous Radical Supremecist control freak. You are as dangerous as Hitler, Lenin, Stalin or Alinsky because you make up your radical rules as you go along and you believe them. You can’t intimidate me because I know the truth….you are a totalitarian control freak and you or no one can make me believe YOUR LYING COMMUNIST RULES FOR RADICALS…..

  5. IMHO guest you are a terrorist who should be thrown in GITMO……

  6. That comment alone in the State of Illinois is enough to have a person commited for a psyatric evaluation.

  7. Sorry not intimidated. If they kill us, they kill themselves. Then their evil is over.

  8. Did you remember the breath mints and gas masks? Do you have an evacuation plan for your family?

  9. Correction the General said when the Government starts treating the soldiers like shit you will know there has been a foreign takeover. Well the people aren’t the problem….the politicians are. We already know the FED was fraudclosing on active duty service members and many vets have had their homes stolen or swindled away. Yet the soldiers keep joining and dying for these dictators. Biden now says new gun laws won’t end massacres…they apparently never thought there would be such a strong push back on their tyranny….They should know the truth is ……never underestimate your enemy and never underestimate the power of the American people…Every American should be well armed by now and I thank Obama for the warning…they are coming for everything …. Thankfully the dictators are all being exposed. Now it is time to take back the wealth these tyrants have stolen and hijacked from all of us…

  10. Remember Home Alone….? That kid had more guts than most adults. This is my home and I have to defend it……him and his booby traps…and my Tommy gun will thank you for cheating & lying..Right on..

  11. When you re-act you allow the enemy to control you….attack first..ask questions later. Maybe an ass full of buckshot is what they really need. These crooks who are aiding & abetting the theft of our property are asking for it when they least expect it. Their cocky arrogant fat asses might give just them big sore fat asses in the end….and they might not even know where the shots are being fired from….they want to steal for these crooks than all bets are off in our Constitutional Republic…..Arrogant jerks talking down to us and telling us this is now the land of legal theory…no laws apply to them because they are all (commie) cronies….to that I say you got theory and I have the Second Amendment….you want to try US punks.?

    Remember what General Smedley Butler said….when the military turns on its own soldiers you will know we have been invaded by the foreign enemy…….They want our wealth, property & guns…that is unconstitutional and illegal my fellow Americans….no matter how they try to spin it …….. it’s criminal fraud by our foreign enemies by traitors from within…the enemy is close at hand and far away……never give up your guns.

  12. Time the American people lost the slave mentality and became pro-active instead of re-active…you don’t win wars like that.

  13. Ring around the Fiire … Pockets Full of Feees …. Ashes..Ashes…They all fall down! Repo Machines around the Fiiire …. Pockets Full of Liabilities Crimes and Fees … Ashes Ashes …. Give Me redelivery Please.

  14. Cough,cough….Of course the FEDSTERS never pay back what they steal from US… All of our stolen wealth gets redistributed …. Clears throat….I am talking about the sheeple who keep repaying for their own robbery…

  15. Clears throat … Let me repeat … We NEVER took out a new loan to pay off the old debt. We NEVER applied for a Loan Mod! Intresting conclusion you jumped to …. Clears throat again ….

  16. If you are nuts enough to bargain with the devil and keep repaying him for massive criminal fraud that his demon agents committed in your name, without your knowledge then you will land right smack dab in their fraudulently induced bankster hell.

  17. You are hallucinating ……do yourself a favor & put down the psychotic drugs…it’s all fraud because of the origination fraud…no matter how they slice it or spin it …..it still comes up criminal fraud…

  18. Reasonable care is assuming neglect (criminal fraud) by the origination fraudsters…. paying fictitious fees to cover up for massive criminal fraud by the FED…. the crooks call that neglect…HELL NO…those are acts of RICO…..

  19. Tell Carrie … the debtor refinanced the debt they admitted they owed and gave a lien to a new lender (refer to New Note & Mortgage) (bailment agreements aside). THEY ADMITTED TO THE DEBT AND WHO THEY OWED IT TO! FOUR CORNERS OF A CONTRACT! We know what they did!!!! Duh ……. And Carrie knows what she signed and the courts have upheld it as they have perm mods after re-default..

  20. The politicians are criminal communists as well who are secretly extorting our wealth & our property for themselves & their criminal bankster friends by taxation…..forcing us to repay these crooks with loan mods and fraudclosures, theft of our property and loan modifications on $700 trillion in mortgage fraud backed by nothing…these crooks destroyed the value of everything and it was intentional. They want a welfare nation of indebted mind controlled slaves to the fraudulently induced fraud of these bankster crooks. These commie criminal politicians are taxing us out of our homes by forcing us to pay for massive bankster fraud…along with the banksters who control the prices of our food & utility bills by fraudulent investing they are secretly robbing us into the poor house to steal everything from us…..its all about keeping us down by secretly oppressing us. They want to keep us making just enough and getting by so we don’t notice our own robbery….time for a real tea party time to revolt & stop paying these crooks.

  21. Posted for a friend: It appears Fed’s RECENT buying of MBS is “legitimate”, because 99% of all loans today are only made if Freddie/Fannie purchases them.
    Freddie/Fannie is the ONLY legitimate securitizer of mortgage loans. However, this is NOT the case with the SUBPRIME “loans”.

    Subprime loans were Fannie/Freddie CHARGE-OFF/REJECTS.

    In this case, NO MONEY is transferred because the loans are assignment of debt collection — thus, NO FUNDING is necessary. This is why the investors in subprime loan cash pass-through funded nothing — all they did was purchase pass-through of cash flows to debt collection-modified charge-offs. And, what did the Fed purchase as part of the financial crisis bail-out?? They purchased the COLLECTION RIGHTS from the banks that owned them. These were NOT, never were, and never will be, VALID mortgage backed securities backed by VALID mortgage loans. This is contrary to the MBS the Fed purchases TODAY — those ARE valid Fannie/Freddie qualified loans whose cash flows have been converted to valid mortgage backed securities.

    Neil is talking apples and oranges here, and refuses to acknowledge that the subprime “loans” were NOT mortgages and, therefore, securitizations could NOT be valid MBS.

    No wire transfers for actual transfer of money were executed, for subprime invalid loans, because no wire of transfer of money was necessary — because these were NOT mortgages. Neil should study assignment of debt collection rights. It is a HUGE business that made its way to subprime “BOGUS” refinances. And, yes, the Federal Reserve is aware. They think they have buried the fraud by the settlements.

    I just heard today — on a major business network channel — what I have been saying. These so-called “housing recovery” is false. Why? Because the buyers are CASH PAYING INVESTORS. The major segment of housing market that needs a jump-start to help a housing recovery is the young first time home buyers. That is—home buyers in 25 to 35/40 age range. This segment of market is not buying. Why?? Fear of the market, and overwhelming amount of student debt — and, of course, financial institutions will not qualify them for mortgage loans. Market remains shut down. There is no housing recovery. The major network business analyst was shocked at this information.”

  22. Who is the counter party to the bailment contract with party D? (the bailee)? After taking reasonable care (hahahaha) .. Can the bailee redeliever to the bailor in the condition it recieved the asset? If not .. then how does the Bailor (as Bailee to another contract with the homeowner) rediliever after all fess paid? Ut Oh..

  23. The poison is the FEDSTERS unsustainable debt they create because they are deadbeats who never pay us back what they borrow and they destroy you on Wall Street by selling investments in your forged signature….when the FEDSTERS hand you their bill for their robbery of you they committed in your name without your knowledge then that is when they will tell you the own you…..your property & your entire family….DON’T BELIEVE THEM BECAUSE THEY HAVE NO RECEIPTS THAT PROVE THEY LENT YOU ANY MONEY BECAUSE THEY DON’T…….& INVESTMENT OR INDORSEMENT IS NOT OWNERSHIP WHEN YOU PAID THE BILL UPFRONT AT THE ORIGINATION FRAUD AND THESE CROOKS NEVER PAID YOU BACK……THEY ARE DEADBEAT WEALTH SWINDLERS AKA…..THE BANKSTER MONEYCHANGERS…

  24. The FED is a privately owned and operated debt cartel who robs US….they create debt from lending us credit on money they borrow from US. It is a highly sophticated money laundering black op for the richest slave creators on the planet….They don’t own anything but it is all a control freak mind game for them…Think of the credit they lend as an illusion…….you never see evidence of a monetary transaction because the only transaction is our wealth being robbed & destroyed at the top….through money printing and fraudulent investing….It is a criminal racket and too many people keep allowing these maniacs to use & abuse them…..they keep using their credit and allowing them to steal from us and we keep repaying them for our roberry…Time to come out of their CREDIT ether……because credit is really a powerful sedative they administer before they give you the poison …

  25. What is this depositor stuff…? DID YOU FORGET ABOUT US…..? THE DEPSITOR IS ALL OF US….ITS THE ORIGINATION FRAUD….it is when the U.S.TREASURY DEPT…AKA THE U.S. TAXPAYERS …..DROP THE LOOT IN THE FEDSTERS ESCROW ACCOUNTS…..

    Bailment is a custodial arrangement like MERS…It is how they pass around their fraud. It is not a legal transfer and it is not ownership of anything. Bailment is a nice word for MONEY LAUDERING.

    Speaking of money laundering operations …CNBC reporting the Stock EXCHANGE is over 14,000 for the first time since 2007…WOOHOO ROBBING US & LAUNDERING A QUADRILLION IN CREDIT FRAUD IS LUCRATIVE…….IT’S GREAT TO BE A GANGSTER….

    Rick Santelli said WE NEED TO WORK HARDER to improve the economy….Rick is being shifty today………He knows damned well the banksters hijacked the money printing machine and they are loading up their pirate ship while loading all of us on their Titanic of fraud….MWAHAHA …and no ones any the wiser….People are still not really paying attention to what these commie crooks are doing….and they keep on REPAYING THE CROOKS WHO ARE ROBBING THEM….As a result of their lack of recognizing the criminal element among them…..the continuing to do business with it..&..they are all going to have hell to pay…..Rick Santelli says we all need to work harder. I say OH HELL NO……! WE ALL need to work smarter…..stop paying these crooks and sue these crook……employ their business model and go get our stolen money back. Time to lose the slave mentality and quit acting like slaves to bankster debt & big fat cowards….Because working for them ain’t no way to make a living….

  26. RE: Poppy said … “There is NOT always a deposit, sorry incorrect on that one.” Guest says …True, not always! But only in loans where the borrower pays all the fees in advance (POC) or (borrower brings cash to the table) and the balance on HUD 1 is Zero. Trust me that is a rare event. Why do you think they always made sure borrower got a few bucks back? Why? Why? Why?

  27. Transfer of personal property by one party (the bailor) in the possession, but not ownership, of another party (the bailee) for a particular purpose. Such transfer is made under an express or implied contract (called bailment contract or contract of bailment) that the property will be redelivered to the bailor on completion of that purpose, provided the bailee has no lien on the goods (such as for non-payment of its charges). The bailee is under an obligation to take reasonablecare of the property placed under its possession. Bailment contracts are a common occurrence in everyday life: giving clothes to a launderer, leaving car with an auto mechanic, handing over cash or other valuable to a bank, etc.

    Read more: http://www.businessdictionary.com/definition/bailment.html#ixzz2Jf0dkPGq

  28. What I really think: the big banks are going to be broken up and merged into “consolidated” trust entities, overseen by the government.

    The “monopoly” they have created is going to explode, as it is unsustainable. It has and does affect the globe. Everything done on Wall Street has impacted all of the financial markets and real property assets. Even if the “gangsters” succeed, in total, there is no place for this to go, other than bust.

    IN the past 3 days I’ve have read 9 judges from PA have been charged with fraud, for fixing tickets (not the same, but someone is watching them) a DA has been murdered (peers are scared) and a CEO with ties to NASDAQ was sentenced to 50 years…now this seems like movement, maybe, just maybe, all is not what it appears.

    I have my fingers crossed on this one.

  29. There is NOT always a deposit, guest, sorry incorrect on that one.

  30. Originator Party A -Never surrendered the physical file
    Party B transfers under a bailment arrangement
    Party C sells the assets under a bailment arrangement
    Party D buys it off the warehouse line as a bailor

    What the hell is all this depositor stuff …its moot -a given for the party who is a SELLER . If other than its a pledge

  31. Just another day in the life of US PATRIOTS -v- you commie control freaks. Freedom & Liberty will prevail because that is the way the Creator intented it. Besides, constantly driving stakes and warding off demons is really not my idea of fun.

  32. [...] Filed under: bubble, CDO, CORRUPTION, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud Tagged: buying MBS, Federal reserve, loans, mortgage backed securities Livinglies’s Weblog [...]

  33. Hey tripe/assvent, I agree, you’re not a troll. You’re a lunatic, with trollish tendencies. Bite me.

  34. Whether I am in fc or not is a moot point that has absolutely nothing to do with seriously getting the truth out. Not being in fc and speaking the truth does not make anyone a troll. Who made up this crazy criteria for the truth being told that anyone should have to meet some sort of burden of proof ..? It is up to the individual to decide who or what to believe. Everyone should do their own research.

    CNN…the commie news network has all the morons twittering trying to make people believe ourvgun rights is a social justice political issue. The Second Amendment is the only gun license any U.S. citizen needs.

  35. @UKG

  36. It’s hilarious how our global governments are jargoning our collective way into new dialects when it comes to bankster malfeasance. Robo-signing, which sounds kinda’ automatonic, like something from a Will Smith movie, is actually right at 100% pure unadulterated fraud committed by actual people, folks who should go to jail, alongside the people who trained them to do those acts. Easy. It’s home theft by numbers.

    Now comes the latest catch-phrase, mis-sold. From Reuters:

    The interest-rate swaps are the latest in a series of costly banking scandals that include insurance on loans and mortgages that was also mis-sold, rigged global benchmark rates and breaches of anti-money laundering rules.
    Britain’s financial watchdog said on Thursday it found that in the 173 interest-rate swap test cases it examined, more than 90 percent did not comply with at least one or more regulatory requirements.
    A significant proportion will result in compensation being due, the Financial Services Authority (FSA) said.

    Mis-sold? Is that like mis-robbed? Or mis-raped? I don’t get it.
    Now another funny thing, well….it would be funny in a Bizarro World type of way…..because these were businesses that were relying on the so-called financial experts to put these swaps together….when they blew up and everyone saw that it was yet another Potemkin Village built by these fraudster banks, the governments are now the facilitators of getting compensation to the victims. They’re willing to admit that these things are pure unadulterated shit, and that there needs to be recompense to the affected entities…but, once again, there will be no jails burdened with the originator’s upkeep. The governments will simply aid the banks in distributing funds to affected folks…then everything’s A-O-K! Nothing that a few billion won’t cure!

    One of these days us regular folk will have to use another variation of the mis-prefix, that of bringing our elected officials before courts under the charge of misprision.

    18 USC § 4 – MISPRISION OF FELONY

    Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both.

    My dealings with my state AG, the DOJ, my county prosecutors, the FBI, and local county recording officials leads me to believe that we’re passed the point where these people need to be answering questions that go way beyond just dropping the ball, such as with Lanny Breuer and his boss and fellow law partner Eric Holder. We need to start mentioning to these folks that they will not be treated well when this whole thing starts unraveling in earnest. Those who see the light now will be granted a semblance of a safe haven. Otherwise, you’re on your own and toast when the shit hits the fan. Felonious behavior will be dealt with harshly. It’s the law.

    We need to ratchet this stuff up before it’s too late. These criminals are being aided and abetted openly by our captured government. It’s time to start weeding out those who are in it for all the wrong reasons. We’ll let them know that it’s join the white hats now or they and their family will be social outcasts, unemployable and shunned for the rest of their days. We need to take back this country, and it can’t be done nicely. We need to imprison those guilty of misprision.

  37. Neil ,

    Serious offer here ..

    I REALLY like the squatter in Boca … I think it’s a great way to raise awareness.. If you’ll work on getting the press up to speed and grooming a few reporters I’d be glad to squat in a house that’s a good candidate… big $$$$ house to keep the presses interest ,,, a BAC/CW or O-One “loan” … do the full court press with claims that we will use to teach the press… invite the reporters as observers in court proceedings , explain all the paperwork “open the kimono” so to speak.

    When they see BAC walk away ,, even the densest reporter or circuit judge will KNOW that it’s the banks that own nothing and are getting the “free house”.

  38. I am extremely serious DW… However, I do not feel the time is right to release that information publicly because my cases are pending.

  39. The Fed does purchases Ginnie Mae Mortgage Backed Securities (MBS).

    The easy way to show the corruption of who does not owns the debt is review Ginnie Mae policies and they are caught red handed allowing servicers who should not be servicers because a Ginnie Mae held endorse in blank Note is forever non-negotiable because the document is not longer a Note as it does not have attached with it a debt.

    Do we not understand that in order to collect a debt the homeowner must owe the party calling the loan due. You don’t possess a debt without a Note, and Ginnie Mae or the servicers in the case of Wells Fargo servicing 1.3 million loans Washington Mutual Bank placed into Ginnie Mae pools, neither can provide evidence that they purchase the debt. Under UCC 9 the possessor of a endorse blank Note has the burden of proof that it hold the debt.

    What you will find with loans placed in the Ginnie Mae pools is there are no names placed in the endorsements, no purchases agreements, no cancel checks, and no wire transfers were Ginnie Mae has purchase the a single loan. The reason Ginnie Mae is not in title is because the don’t own the debt (as there is none) and they cannot be assigned the title.

    This issue is cut and dry that a fraud has always been committed if there was a foreclosure because the debt are wiped clean when the lender hand over a endorse in blank Note!

  40. stripes case number which court then ill know you arnt a “troll”
    if you are seriously wanting to help get the truth out lets start right here right now.

  41. Yes they are UKG! Yes they are …. they are driving two trains in the opposite direction on the same loop.

  42. originator to depositor to sponsor to trustee

  43. editor, take control. hello? hello?
    guest, this is how the other side fights now.

  44. TO THE CONTRARY… YOU COMMIES ARE SO OBVIOUSLY EVIL IT IS LAUGABLE….AND I CAN PROVE IT…..THAT’S YOUR PROBLEM….

  45. Stripes is a mouthpiece to distract from what, THE TRUTH? THE TRUTH THAT WE ARE ALL LIVING IN A SECRET TOTALITARIAN DICTATORSHIP AND WE ARE BEING SECRETLY CONTROLLED BY COMMUNIST DIÇTATORS….?

    THE REAL QUESTION IS….WHY ARE YOU TROLLS TRYING TO COVER UP THE TRUTH…..? YOU SHOULD BE SCREAMING IT FROM THE ROOFTOPS LIKE ME…..WHAT IS GOING ON IN THIS COUNTRY IS TOTALITARIANISM…..COMPLETE COMMNUNISM…FROM 9/11 TO TODAY….NDAA..OBAMACARE…&TBTF….ALL OF IT IS TOTALITARIANISM…BY PSYCHOS…& YOU ANIMALS ARE COVERING IT UP….YOU ARE COMMIE SHEISTERS & CROOKS…

  46. Look at it this way UKG … It doesnt listen anyway, … Its just free entertainment, its so bad … its laughable.

  47. stop feeding the animals. stripes is a mouthpiece to distract.

  48. Joe the plumber had it right…

  49. HUD 1 MASKS THE TRUE CRIME….OUR ROBBERY BY COMMUNISTS.

  50. BEWARE …..GLOBALIZATION IS TOTALITARIANISM IN DISGUISE….IT IS REDISTRIBUTION OF OUR STOLEN WEALTH BY CLEVER COMMUNISTS….REDISTRIBUTION OF OUR WEALTH IS A COMMUNIST GLOBALIST CODE WORD FOR OUR ROBBERY.

  51. WE THE PEOPLE ARE THE ORIGINATOR OF THE LOAN TO THE FED….WE ARE THE SPONSOR…THE DEPOSITOR….THE SECURITIZED TRUST….. & THE TRUSTEES FOR THE DEFAULTED SECURITIZED TRUST..BY THE FEDSTERS…..WE THE PEOPLE ARE THE STAKEHOLDERS AND THE TRUSTEES THEREFORE..WE THE PEOPLE SHOULD BE SUING THE FED FOR THE ORIGINATION FRAUD, EXCESSIVE USURY AND SECURITIES FRAUD…AND MANY OTHER FRAUDS..

  52. Originator & ISSUER of the ORGINAL bill of credit…the FEDSTERS….SPONSOR….THE U.S. TAXPAYERS……..THE DEPOSITORS TO THE FED….THE U.S. TAXPAYERS…..THE SECURITIZED TRUST….WE THE PEOPLE… DEFAULT TO THE SPONSOR…THE DEPOSITER & THE TRUST…..BY THE FED…. AKA THE ORIGINATION FRAUD…..OVER ISSUER OF THE INVESTMENTS TO THE DEFAULTED TRUST FOR THE SECURITY INSTRUMENTS IN THE ORIGINAL BILL OF CREDIT…..THE FEDSTERS…..DIRTY DEEDS DONE FOR ZERO BY THE FEDSTERS…..IT IS ALWAYS THE OPPOSITE OF WHAT WE WERE TAUGHT….HENCE THE BIGGEST PONZI SCHEME SWINDLE & HEIST OF OUR WEALTH IN HISTORY…

  53. Poppy, its all on the HUD 1. Closing Fees/ Cash Out is always paid out of escrow at closing. Purchase or Refi …. their is always a depositer.

  54. Poppy,

    What you wrote is extremely insightful. Really insightful. And yet, it does not go far enough. Please read what I wrote and look at the big picture, outside of the American (4.62%) reality. Project what you wrote into the world at large. You will see how right you are on the methodology and how shortchanged you’ve been on the ability you have been given by the media to draw the right conclusion. The media never talk to you about what the 93.8% of the world is doing and why. Or… when the media talk to you about them it is in disparaging and derogatory terms.

    Expand your understanding to the world at large. Your insights will serve you very, very well. We have become global, whether we like it or not. It’s a done deal. Banks will shortly disappear. Barnes article once again confirms it. This is global. Real assets moving toward government and debt toward banks. Except that debt to the banks is in fiat money. Buffet qualifies as an “American icon”. He’s old, with a foot out. And he set it all up, long before the day he first infused 5B in paper money into BofA 2 years ago. Get the asset and own the bank. Or get the assets and pay the bank in paper money. Who first rushed to get actual gold? Buffet and Soros. Both work toward globalization. Both loyal to…? Get the asset. The tangible. The basis for the future.

    Look at the past 2 or 3 years in terms of globalization. Jailing bankers means nothing in that context of paper money. We both know it. Now, where you and I really differ is “perceived motives”. I believe it is for the best, if:
    1) We never enter into any new war;
    2) It allows every human being to have healthcare
    3) Every child gets basic education and we agree on one language we can all understand
    4) every person gets food and shelter

    My reason for that is that NOT ONE OF US decided to be born. We were brought here.

    Once that is a given, as it should be constitutionally, whatever we do with it is our business.

    If, from those common, basic needs being met, some go beyond and on to create, invent and benefit society at large, then they should be rewarded. If they want 2 or 3 cars or 2 or 3 houses and can afford it, so be it!

    Look at those requirements globally. That’s what I want to see. All across the board. Asia, Africa, Europe, America, anyone born on this earth being equally fed, sheltered, treated and educated. Nothing more.

    It goes so much beyond WS, our president, Congress, banks, fraud and what not… and yet, it is so close to all of us. Know why?

    It’s human decency. What we all feel deep inside and want to show. Survival right to everyone. Thriving privilege to those who exert themselves thriving for excellence and progress beyond survival.

    I think it is reasonable. I know you too believe in it.

  55. Depositor …. ABA wire transfer into escrow at closing.

  56. Depositor of what guest?

  57. Ring around the Rosie, Pocket full of Air…

  58. Party A … Originater ~~~ Party B… Sponser Bank ~~~ Party C…Depositer ~~~ Party D … Trust.

  59. In addition, none of the documents I read contained any information with respect to the principal/interest payments that the homeowner made before default. I have been in my home for 11 years – paid continously (over $65000) until last year – strategic default. My original note wasfor $75000 and the foreclosure complaint is demanding $74,500. How can a bank sue for an amount of money (interest) that it “thought” it would receive? That would be the equivalent of someone suing the casino because the slot machine didn’t pay out what the customer anticipated.

  60. I heard Obama say he is Irish ….. American geneology is a big club…

  61. Every Prospectus for these so-called Trusts have a section entitled “Use of Proceeds” which states that the investors funds will be used to purchase the mortgage loans and reimburse the seller/sponsor for loans where it used it’s own money to buy a mortgage loan which would put in the trust.

    I have been reading pleadings, depositions, etc. for over a year and it seems that no lawyer has brought up the following argument.

    The trust wants the court to recognize that it (the trustee) has standing to foreclose, i.e. it is asking the court to recognize its responsibilities and rights under the Trust Agreement or PSA. If the court recognizes the Trust Agreement or PSA as the controlling document for standing purposes, responsiblities and rights of the Trustee, then the court must also recognize ALL the terms and conditionsof that controlling document – not just the parts that are advantageous to the plaintiff (Trustee).

  62. Poppy

    So Bank “A” orginates a loan. These loans could have been sold to Bank “B”, “C”, “D” —-“Z” The some unknown Bank “X” some how sells to Freddie My understanding. Freddie does not securitize all loans. Not all but some. So if you type your SSN into Freddie’s website ” Find out Who owns your loan” then it states Freddie is the owner of your mortgage.. Now the twist , an assigment is made to the servicer..but not assigned by Freddie.. What is the deal ? How does the servicer claim to foreclose or claim the debt or claim to be owner or note holder ?Does Freddie own the mortgage, hold the note, own the note ? or did Freddie sell to the servicer the collection rights ? if these are collection rights then all of this “BS” is unsecured.

  63. And continue to push Billions more into their coffers…

  64. Who am I suing….? DW you are not paying attention and I am not repeating myself. I am fighting these crooks pro se for my liberty and my freedom. That is all I am going to say.

  65. Rocking chair DW……LMAO….far FAR from it…

    Hey poppy I think they all conveniently forgot the stakeholders…..the private entity who paid for everything……WE THE PEOPLE…..THE U.S. TAXPAYERS.

  66. Yes Deb the southside of Chicago …. I have already posted most of the information from my cases on here to share with all. All I can tell you is the bank attorney accused me of copying info from the internet and I proved that was not possible by what I knew…. then he wanted to know where I got all my information from and I wouldn’t tell him that I figured it out myself. I think I shocked and awed him so much he would have never believed me…

  67. “I just read Neil’s new post about Fed’s buying of MBS (see below). Neil is still so mixed up. Fed’s RECENT buying of MBS is legitimate because 99% of all loans today are only made if Freddie/Fannie purchases them.

    Freddie/Fannie is the ONLY legitimate securitizer of mortgage loans. However, this is NOT the case with the subprime loans.

    Subprime loans were Fannie/Freddie CHARGE-OFF/REJECTS.

    In this case, NO MONEY is transferred because the loans are assignment of debt collection — thus, NO FUNDING is necessary. This is why the investors in subprime loan cash pass-through funded nothing — all they did was purchase pass-through of cash flows to debt collection-modified charge-offs. And, what did the Fed purchase as part of the financial crisis bail-out?? They purchased the COLLECTION RIGHTS from the banks that owned them. These were NOT, never were, and never will be, VALID mortgage backed securities backed by VALID mortgage loans. This is contrary to the MBS the Fed purchases TODAY — those ARE valid Fannie/Freddie qualified loans whose cash flows have been converted to valid mortgage backed securities.

    Neil is talking apples and oranges here, and refuses to acknowledge that the subprime “loans” were NOT mortgages and, therefore, securitizations could NOT be valid MBS.

    No wire transfers for actual transfer of money were executed, for subprime invalid loans, because no wire of transfer of money was necessary — because these were NOT mortgages. Neil should study assignment of debt collection rights. It is a HUGE business that made its way to subprime “BOGUS” refinances. And, yes, the Federal Reserve is aware. They think they have buried the fraud by the settlements.

    Neil just has to get his act together. In addition, I just heard today — on a major business network channel — what I have been saying. These so-called “housing recovery” is false. Why? Because the buyers are CASH PAYING INVESTORS. The major segment of housing market that needs a jump-start to help a housing recovery is the young first time home buyers. That is—home buyers in 25 to 35/40 age range. This segment of market is not buying. Why?? Fear of the market, and overwhelming amount of student debt — and, of course, financial institutions will not qualify them for mortgage loans. Market remains shut down. There is no housing recovery. The major network business analyst was shocked at this information.”

    Posted for a friend…

  68. Stripes in the south side of the windy city from your rocking chair. What is your case number and who are you suing. Thanks in advance – would love to see your pleadings and case law.

  69. WARREN BUFFET’s BERKSHIRE HATHAWAY MAY BE THE NEW FORECLOSURE MILL; “THERE IS NO [PICK A STATE] LAW ON THIS”

    January 31, 2013

    January 31, 2013

    As most of you know, approximately 52 servicers and lenders, including GMAC Mortgage LLC, filed for Bankruptcy in mid-May of last year. As you may not know, however, GMAC obtained stay relief to pursue foreclosures, and recently, Warren Buffett’s Berkshire Hathaway bought the loans from the BK trustee lock, stock, and barrel “free and clear of liens” from the sellers. What that means is that, for all practical purposes, anyone with a foreclosure involving GMAC or any other the other 51 entities who sold their assets to Berkshire may find that Berkshire is the new foreclosure mill.

    Not so fast, however. We have been advised that someone has been offered a significant principal reduction in connection with an unsolicited loan mod offer from MERS “for GMAC”. MERS in fact signed the proffered loan mod. Figure that: MERS, which does not extend credit, loan money, or collect money and is not a lender, is offering a loan mod on behalf of a bankrupt entity.

    Separately, we are seeing more and more instances where courts are faced with a situation where there is no law on a given foreclosure issue out of that state’s appellate courts, leaving the trial courts with no guidance from law of that state. As anyone who has studied law knows, the law is dynamic and not static, and has to change and adapt with the times. In the world we live in, that means that there has to be someone willing to take an issue to the state appellate court which has no law on an issue in order to establish it, as we did in Oregon on the MERS issue, which we are also taking to the Montana Supreme Court this spring.

    One of the facilitating vehicles in the law, which is common in each state, for making new law is case law which permits a state with no law on an issue to look to what is called the “law of other jurisdictions” for guidance: that is, for example, State A, which has no law on a given issue, can look to case law from States B, C, D, etc. which have case law on the issue to see how it has been analyzed. Ohio did this with New York decisions on foreclosure issues as early as 2008, and the trend has been followed ever since.

    Attorneys for the banks like to take the position, when there is no state law on an issue in a state where a case is pending, that “Judge, there is no law on this in our state, so the homeowner’s request must be denied.” In reality, this is the perfect situation for showing the court that other states HAVE dealt with the issue, which can provide the Judge with guidance and so that he or she does not have to “re-invent the wheel.”

    The problem, of course, is when the banks misinterpret or misconstrue what a case really says, like they have been doing nationally with the Livonia Properties case out of the U.S. District Court for the Eastern District of Michigan. Banks like to take the postion that the case stands for the proposition that a borrower cannot challenge an assignment. What the case actually says is that a borrower CAN challenge irregularities in the foreclosure process under Michigan’s non-judicial foreclosure statute including irregularities in the assignment process.

    Per our prior posts, 2013 looks to be a year of “making law” in the foreclosure arena with the numerous appeals pending, and with more on the way. We will continue to advise of these decisions.

    Jeff Barnes, Esq., http://www.ForeclosureDefenseNationwide.com

  70. WARREN BUFFET’s BERKSHIRE HATHAWAY MAY BE THE NEW FORECLOSURE MILL; “THERE IS NO [PICK A STATE] LAW ON THIS”

    January 31, 2013

    As most of you know, approximately 52 servicers and lenders, including GMAC Mortgage LLC, filed for Bankruptcy in mid-May of last year. As you may not know, however, GMAC obtained stay relief to pursue foreclosures, and recently, Warren Buffett’s Berkshire Hathaway bought the loans from the BK trustee lock, stock, and barrel “free and clear of liens” from the sellers. What that means is that, for all practical purposes, anyone with a foreclosure involving GMAC or any other the other 51 entities who sold their assets to Berkshire may find that Berkshire is the new foreclosure mill.

    Not so fast, however. We have been advised that someone has been offered a significant principal reduction in connection with an unsolicited loan mod offer from MERS “for GMAC”. MERS in fact signed the proffered loan mod. Figure that: MERS, which does not extend credit, loan money, or collect money and is not a lender, is offering a loan mod on behalf of a bankrupt entity.

    Separately, we are seeing more and more instances where courts are faced with a situation where there is no law on a given foreclosure issue out of that state’s appellate courts, leaving the trial courts with no guidance from law of that state. As anyone who has studied law knows, the law is dynamic and not static, and has to change and adapt with the times. In the world we live in, that means that there has to be someone willing to take an issue to the state appellate court which has no law on an issue in order to establish it, as we did in Oregon on the MERS issue, which we are also taking to the Montana Supreme Court this spring.

    One of the facilitating vehicles in the law, which is common in each state, for making new law is case law which permits a state with no law on an issue to look to what is called the “law of other jurisdictions” for guidance: that is, for example, State A, which has no law on a given issue, can look to case law from States B, C, D, etc. which have case law on the issue to see how it has been analyzed. Ohio did this with New York decisions on foreclosure issues as early as 2008, and the trend has been followed ever since.

    Attorneys for the banks like to take the position, when there is no state law on an issue in a state where a case is pending, that “Judge, there is no law on this in our state, so the homeowner’s request must be denied.” In reality, this is the perfect situation for showing the court that other states HAVE dealt with the issue, which can provide the Judge with guidance and so that he or she does not have to “re-invent the wheel.”

    The problem, of course, is when the banks misinterpret or misconstrue what a case really says, like they have been doing nationally with the Livonia Properties case out of the U.S. District Court for the Eastern District of Michigan. Banks like to take the postion that the case stands for the proposition that a borrower cannot challenge an assignment. What the case actually says is that a borrower CAN challenge irregularities in the foreclosure process under Michigan’s non-judicial foreclosure statute including irregularities in the assignment process.

    Per our prior posts, 2013 looks to be a year of “making law” in the foreclosure arena with the numerous appeals pending, and with more on the way. We will continue to advise of these decisions.

    Jeff Barnes, Esq., http://www.ForeclosureDefenseNationwide.com

  71. I know my enemy so well that sometimes I think we could be related. One never knows what is hidden in our geneology.

  72. LMAO….MS….. I AM A U.S. PATRIOT WHO KNOWS THE TRUTH ABOUT THIS BANKSTER SCAM…….I AM TELLING THE TRUTH FROM MY HOME ON THE SOUTH SIDE OF CHICAGO……OBAMAS HOMETOWN…..THAT’S A REAL HOOT HUH…? TELEPROMPTER READER WHO WORKS FOR THE BANKSTERS….THAT WOULD BE THE BANKSTERS BUDDY OBAMA…

  73. WE THE PEOPLE ARE THE NOTEHOLDERS……BECAUSE OF THE ORIGINATION FRAUD BY THE FED.. WE THE PEOPLE ARE THE ONLY STAKEHOLDERS….WE THE PEOPLE ARE THE ONLY TITLE HOLDERS OF RECORD…..

  74. My advice – ignore the comments

    Web site scrabbler to cause the site to pull a different type of message when you search the domain …..

  75. Stripes – your a teleprompter that monitors web sites for a fee -come clean …who (Bank hired you ) Your manned by multiple persons …..your an e commentary with generic one liners. Who’s on shift right now? Hows the weather in the Philippines

  76. There is no way monetary correction…no way to modify, re-fi or cure a quadrillion dollars in credit fraud committed by Wall Street. There is no legal correction for the Origination Fraud, the FEDs default to the U.S. TREASURY DEPARTMENT.

  77. Pre-Case & Pleading Analysis

    Who made the loan [Prima fascia in mandatory disclosures ?]
    Lender is always the beneficiary as records n public records
    Nominee is for the lenders successors
    Why no assignments? Who then is the lender …?
    Successors always revert back to the note holder
    (Note holder is defunct). . .

    Do the general ledger and tie it out yourself

    “What goes into the formation of the indenture “Trust” cannot come out ….it can only be retired … CA Court of Appeals -Testimony from two day Deposition Case Graupner v Select Portfolio Serv. Wells Fargo Ordered to Remand (Not for publishing )

    Think – before you get into court think…..more on
    http:www.forclosurealternative.WordPress.com

    Not an attorney and not for legal-advice. It is illegal to give advice and only a licensed practitioner can present your interest in court . Call your state Bar for more information on finding an attorney in your local area.

    expert testimony
    registerclaims@live.com

  78. The FED sold us credit that in reality were junk bonds through their agencies. They were what Hillary Clinton described in a “Freudian slip” ……. first time home boners……. I’m not wording it wrong MS…I am wording it right on. They are hiding the poor quality of the lies they sold and blaming it on unqualified buyers when in fact all they sold were LIARS LOANS…..THEY WERE ALL LIARS LOANS…….

  79. The Notes are separated forever from any debt,

    Preferred shares are equity that behave like debt – shadow banking …

  80. the mortgages are in reality 10 year bonds .

    Wrong – Boner comment of the day .

    Answer – Rolling five year terms out to forty years .

    (NG _Give these people some answers will you ….)

    Why forty years ? You got a 10 year IO on a 30 year mortgage No?
    Actually , no rude comments – she is right but not wording it correctly .

    Securities violations in every foreclosure under a 10 (b) 6 Securities violation for controlling pricing and price fixing the markets valuation of shares purchased as debt instruments

    So here is something to ponder – Why is the APR wrong and priced at the highest margins in history ?

    As a bond trader -Whoosh – Take the business and risk jail
    As a homeowner – My God , Why How , I am an American …why me

    (The American Indian is laughing asking ….so how does it feel? Lose a home and get a share of a bingo parlor in 100 years ….)

    Apocalypse Now

    “…..the horror …..the horror…..the ……horror
    Marlon Brando

  81. ANSWER: THE FEDS BOUGHT NOTHING AND THEY KNOW IT. IT IS MERELY A RUSE TO GIVE THE BANKS MORE MONEY.

    MS Not exactly ol sage one of forgotten folk lore and hazardous material . Hey now, Just kidding .

    But as JFK would say on many occasions “Let me say this about that ”

    A mortgage is made up of the encumbering liens held whereby the equity in the home is an offset . A 100,000 appraisal is equal to a 80,000 and 20,000 combo loan – Correct ?

    Wrong – not in these securtisations. Borrower never had to make even one payment for the loans to remain current and paid as agreed.

    How they do it …Let’s just say …they did. Now the mortgages bifurcate the note from deed of trust or lien correct ? Again , not exactly!

    The preferred stock has preference over the commons and the bond holders have preference over the preferred and common shares

    The commons are what we call the left hand floating paper to the market by selling assets to the right hand ….albeit the entities fall into a wholly owned and tightly held subsidiary .

    So in a charge and write down like we had in October of 2008 …
    The common are removed and replaced with the preferred
    The preferred are now holding the common shares ownership and voting rights

    So the domestic investors are now the true owners of the toxic brew of unaffordable mortgages….and the common shares are the one liable now for the …..HEY WAIT A MINUTE

    Domestic investors take in the shorts again getting saddled with bonds coming due and payable HSBC, DeutschBank UBS , Barclays Bank , Credit Suisse , Bacon de Estado Bank of Sum, Young Guy …etc….

    Brilliance I tell you …Brilliance

    Claims yet to be made …..

    (more later)

    registerclaims@live.com

  82. Winston,

    Fiat will not “die”. It is in the process of being removed worldwide. Now, I don’t know if it will take 2, 3 or 5 years. It is in the works and has been for a long time.

  83. I want to inform.readers of a great tool. “Lobbytool.com”. In it you will find your state, and what bills, both House (HB) and Senate (SB), who sponsored them, WHAT EXACTLY its going to perform. Its a STUNNING Discovery to see what the agenda is of some of the players in the game, and super user friendly. In our state of Florida, there is HB 87, which is Republican sponsored [big surprise] that would CRIPPLE the homeowner in a foreclosure suite, giving ALL RIGHTS to the banks. NG, nobody will have a snowballs chance in hell here if this thing passes. And for everyone else, don’t wait for the news, have yourself educatd and informed, so your acting, not reacting, and can see what’s coming in YOUR state. Good Luck! :-)

  84. The FED-RES was always an investment bank for the rich who lend no money….they steal our wealth by selling us credit and they intentionally destroy the value of the credit they lend by overissuing investments in things they don’t pay for in the form of fake money lending called credit lending. The FEDSTERS …..the WORLD BANKSTERS are the MONEYCHANGER CREDIT LENDING CROOKS OF OUR TIME. They are a bad bank….evil in their deception of who they are and what they really do. The FED is a strawman proxy for the rich.

  85. The FEDSTERS are gypsies, tramps & theives.

  86. The mortgages are in reality 10 year bonds . That is why these crooks intentionally destroyed the value of the mortgage bonds and notes by overissuing investments in both. That is also the cover up for the Origination Fraud…..the underlying transaction, which is the FED DISHONORED US by defaulting in our names on their original loan they stole from the Treasury.

  87. The FedRes is becoming the ‘bad bank where all the toxic waste is
    being dumped.I include US Treasury bonds in that description.
    The debt can never be repaid.Is the FedRes buying 90% of the bonds.Yhe FedRes will foreclose on the US to get repaid.
    We are at the end of the life of thee fiat dollar.
    It will die within two years.

  88. Iwantmynpv,

    The Feds are buying the contracts but for a completely different purpose and with a completely different outlook. The monthly 40 billions was not chosen randomly. There are deadlines attached to what is going on and it is not simply a US phenomenon. Once all the contracts have been removed from their hands and once they are left with fiat money only, the banks will no longer have any leverage and will be dismantled, broken down and shut down without creating complete havoc worldwide. Proclamation of the new world currency will either happen shortly beforehand or shortly afterwards.

    That is one of the reasons banks and bankers have not been prosecuted. Their days have been counted for quite some time now and they have known all along.

    That’s the consensus in many European and Asian countries and, looked under that glass, everything IMF and BRIICS have been doing for 5 years makes a lot of sense. It may become worse before it gets better but things are in the works.

  89. Warren and Cummings are going after the OCC over the shutdown of the IFR.

    “Transparency? What’s that?” the OCC’s Thomas Curry was overheard mumbling to Fed Chairman Bernanke.

    “Who knows!” replied the Bernank.

    http://democrats.oversight.house.gov/images/stories/EEC_Warren_1_31_13.pdf

  90. THE TRUTH…..it don’t take money, it don’t take fame and it don’t take no credit card to ride the freedom and liberty train….Smart is the new rich….

  91. The FED/TREASURY DEPARTMENT are engaging in a PONZI SCHEME ROBBERY OF THE AMERICAN PEOPLE TO CONCEAL THE FEDS DEFAULT TO THE TREASURY….AKA THE ORIGINATION FRAUD & THE FEDS BALANCE SHEET INSOLVENCY IS ALL HIDDEN IN THEIR SHADOW ELECTRONIC BANK…

  92. All of the fraud by the FED underlying the ORIGINATION FRAUD is CONCEALED in the FED/TREASURY DEPTARTMENT’S private unregulated and unmonitored SHADOW ELECTRONIC BANK AND IS SAID TO BE A QUADRILLION DOLLARS …….

  93. For the latest on their totalitarian scam to make us believe lies…

    http://www.electronzio.com/

  94. The U.S.A is NOT BROKE…THE U.S.A. is the richest nation on earth…..THE U.S.A HAS BEEN HIJACKED BY TOTALITARIAN DICTATORS WHO WANT US TO BELIEVE THE BIG LIE AMERICA IS BROKE…..THAT IS ALL A BIG LIE THESE DICTATORS WANT EVERYONE TO BELIEVE….THAT IS HOW THEY ARE COVERING UP THEIR TOTALITARIAN HIJACKING…..

  95. It is not the perfect crime if you recognize their lies & their crimes are in reality, totalitarianism by dictators. Globalization is totalitarianism …… so is this manufactured hell hole, no rule of law…and TBTF.

  96. “They are delaying the inevetable” Quiet Title. They are buying time. Lets face it the United States is bankrupt

    NEVER AGAIN

  97. Neil who just stop the Independent (wink wink) Foreclosure Review Board process dead in its tracks? The Fed, and who owns Mortgage Back Securities (MBS)? The Fed.

    So who has the most to lose as these MBS are really worthless pieces of paper that don’t actually have any underlying collateral.

    The simplest way to see the shell game is the Ginnie Mae MBS program were it is a fact that the blank Note must be relinquish to Ginnie in order for the lenders turned “issuers” to sell the securities.

    The Notes are separated forever from any debt, as Ginnie by law cannot buy or sell a home mortgage loan. It check & mate as all the government insured loan are foreclosed that were in a Ginnie pool, but the parties bring the action, does not have the right to bring any action at all, because the holder of the blank Notes in Ginnie Mae is not the “holder in due course” UCC 9, and cannot prove they purchase the debt, as they cannot and do not purchase it.

    The best example of the scheme is the Washington Mutual Bank placed 1.3 million service government insured loans that Wells Fargo Bank illegally claimed that they were the legal holder of the Promissory Notes went have MERS assign the title to them.

    Washington Mutual is a defunct bank which in cases now proceeding through the courts it being understood that a defunct bank does not have the ability to conduct banking business as it is defunct. However MERS tricks local land recording offices as if Wells Fargo at some point purchase the Notes and are holder of the debt and allows the lien to be place against the properties and next an administration foreclosure is performed.

    MERS does not inform the local county that Washington Mutual in some cases had purchase the Note and that the Notes/Loans were placed into a Ginnie Mae and the Notes were relinquish to Ginnie and not transfer of title was submitted.

    Understand that as soon as the endorse in blank Notes are taken into Ginnie physical possession under UCC 3, Ginnie owns the Note, however in order to call a Note due the holder of the blank Notes has the burden of proof that they purchase the debt.

    There are two thing that Ginnie Mae does that tell you that they understand the deal and that is a HUD 11711A agreement is signed by the lenders/issuers on the day the Notes are relinquish, were it says that any and all financial interest in the loans are conveyed to Ginnie Mae. Next the lenders/issuers input information into the MERS system to perform Transfer Beneficial Rights-Option 1, which transfer the title inside the electronic registry. The process is initiated by Ginnie Mae sending out a batch message through GinnieNET instructing the lenders/servicers what to do.

    The easier road is Ginnie Mae because they act as the “insurer” to the investors who have purchase the MBS which the Fed is an investor, but the bottom-line is that there is not actual underlying collateral for the securities, and it appear that Ginnie Mae failed to purchase insure to cover their obligation to the investors, and turned to others and MERS to illegally foreclose on all government insured loan place into the Ginnie Mae pools!

    The homeowners were that foam for the runway to provide cover as a bunch of deadbeat who took out loan they knew they could not pay back with subprime Stated Loan, however one problem is there are not government insured Stated Loans, and only full income documented loans! Almost the perfect crime.

  98. There are no legal contracts ……. just mental ones.

  99. notmynpv……The majority of the American people will never give up their guns, bullets or bibles. You can count on that. These creepy dictators have no idea what we are hiding and that is what they fear.

  100. They are buying the contracts and nothing else.

  101. @ stripes, this has been the new normal since Kennedy. They can’t give to the folks all at once for fear of revolt. Guns are going soon and bibles will be not too far behind

  102. Every one of us are going up against totalitarian dictators in our daily lives. Many don’t recognize what this is or why the rule of law is not being upheld….it has been hijacked by totalitarian dictators via traitors from within who are being controlled by self appointed monarchs ….the bank owners. These monarchs have hijacked America with mind control….LIES it is secret totalitarianism ….numerous SECRETS, LIES & CRIMINAL DECEPTIONS…..Such as….social safety nets..progressive taxation…credit lending they destroy the value of everything with illusionary investing….fake control….it is all sneaky totalitarianism. These crooks don’t own anything but own too many minds.

  103. The FED…THE BANK OWNERS are buying back their own fraud they created in our names with &60.4 trillion dollars of our stolen wealth….that’s why they hijacked the Treasury….

    It is a very deceptive way to normalize criminal fraud but it is in reality totalitarianism ….They are trying to force us to accept totalitarianism as the “new normal.”

    No rule of law is in reality much worse than just corruption. No rule of law is totalitarianism by dictators.

  104. The other thing Neil:

    I have gotten “limited” discovery in 2 jurisdictions. If I sent you the paperwork you would actually, LAUGH! The lineage is non-existent.

    And to date, not one piece of evidence supporting ANY money transfers, wires,…nada, nothing.

    I have amended/changed all my Motions, pleadings, to include language like: the note, the contract, the deceased corporation/entity as presented in this case, etc…never mention any mortgage, question the validity of signatures to include my own and specifically state any contract that I possibly made was not with this party, hence we are asking the court for a summary judgement/dismissal of the Action and or a dismissal for 12 (b)(6)…there is no claim, no loss to this party.

    Remember I am a pro se, no pro…but all the paperwork lays this out to the court very easily! Now, getting the judge to abide by the law is an issue many of us are having!

  105. EXACTLY, NEIL… all bullshit, the whole entire thing!

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