For assistance with presenting a case for wrongful foreclosure, please call 520-405-1688, customer service, who will put you in touch with an attorney in the states of Florida, Tennessee, Georgia, California, Ohio, and Nevada. (NOTE: Chapter 11 may be easier than you think).
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