LPS DEPOS REVEAL THE FACTS

submitted by Barbara

LPS DEPOS!!!

http://stopforeclosurefraud.com/2010/12/18/full-deposition-transcript-of-lender-processing-services-scott-a-walter-part-2-steven-j-baum-p-c-o-max-gardner-us-trustee/

http://stopforeclosurefraud.com/2010/12/18/full-deposition-transcript-of-lender-processing-services-lps-scott-a-walter-part-1/

http://stopforeclosurefraud.com/2010/12/18/full-deposition-transcript-of-lps-greg-allen-mers-is-alive/

http://stopforeclosurefraud.com/2010/12/16/sff-bombshell-deposition-transcript-of-lps-fidelity-bill-newland/

27 Responses

  1. Wonderful goods from you, man. I’ve understand your stuff previous to and you’re just extremely great.
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  2. @ MLD, please contact me, I have Roger Stotts in my assigmengt of deed of trust on 2009 and I am about to start deposition in superior court, I would like to talk to you and share info. My email is dvd04@hotmail.com Thanks

  3. MDL, please get in touch regarding your forensic work on Roger Stotts signature. This would be very helpful. Thank you!

  4. MDL–how could we contact you? I would be very interested in the forensic work on Roger Stotts signature. Please contact me at: m ‘at’ alphamonkey dot com. Thank you!

  5. MDL. Re Roger stotts. I’m more than willing to share what we have and find. Djwynn059@yahoo.

  6. Economy Watch:
    States Sue Over Modifications

    Economy Watch,
    Featured Content, Headlines,
    Top News of the DayDec 20, 2010
    December 20, 2010

    By Dees Stribling, Contributing Editor

    Two states–Arizona and Nevade–are hauling Bank of America to court, accusing the mortgage giant of routinely (and presumably unashamedly, though that might not be actionable) lying to consumers about mortgage modifications. That is, promising action on modifying mortgages but not quite getting around to it, leaving thousands of borrowers in an unenviable state of limbo.

    “Because of Bank of America’s false promises, many Nevada consumers continued to make mortgage payments they could not afford… consumers deferred short-sales and passed on other attempts to mitigate their losses,” Nevada Attorney General Catherine Cortez Masto said in a statement on Friday. “And they waited anxiously, month after month, calling Bank of America and submitting their paperwork again and again, not knowing whether or when they would lose their homes.”

    In his statement, Arizona Attorney General Terry Goodard said that the bank violated the Consumer Fraud Act in all kinds of ways, including making misleading statements about whether homeowners must be delinquent on their mortgage payments to be considered for a loan modification; how much time it would take to receive a decision from the bank on a modification or short-sale request; or even whether loan modifications had been approved.

    SEC Probes Banks About Mortgage Securitization
    Meanwhile, on the federal level, the Securities and Exchange Commission sent out a blitz of subpoenas last week to such banks as Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Goldman Sachs Group Inc. and Wells Fargo & Co., according to a Reuters report. The move represents a broadening of the agency’s inquiry into the mortgage industry.
    According to unnamed “sources familiar with the probe,” the SEC is looking into the packaging of mortgages for sale to investors back when that was a major product of the banking industry.

    The SEC is probably trying to uncover smoking guns that will indicate that whether banks lied about the toxicity of many of the mortgages that went into the sausage-making process that was once mortgage securitization.

    More specifically, the SEC is looking into role of master servicers, the specialists who oversaw the selection of mortgages for the pool. The master services, often closely affiliated with major banks, were also responsible for transferring mortgages to the trusts that issued mortgage-backed securities.

  7. L P S DEFAULT—-MASTERMIND

    Gann Chart Analysis indicates

    STRONG RESISTANCE for LPS at around $20.

    Current resistance at 25.00 would be compromised depending on price behavior
    in the $24.50 – $25.00 range.

    I avoid analysis of securities fluctuations based on fundamental factors.
    However Yves Smith at naked capitalism is estimating a revenue shortfall in recurrent
    cash flows for LPS AT 50% of total receipts.

    Conservatively, a “1 Qtr” change that
    dramatic would likely result in a MUCH LOWER stock price.

    Gann Analysis would see the $25 support COLLAPSE and a torrid test of that $20.00
    level.
    Any substantial break below $20 would likely foretell this stock’s future as a
    “penny level” security.

    I do chart analysis rather than “fundamental analysis”, so I am not saying outright that they are destined for the DUMPS. They could find a way to prop up their revenue stream? But it is obvious these are not storm clouds forming.

    THEY ARE IN THE BEGINNINGS OF A “STERN(The Law Firm)” type hurricane.

  8. http://www.scribd.com/doc/45452610/Mortgage-Servicing-Adam-J-Levitin-Tara-Twomey-SSRN-Id1324023

    EXCELLENT REVIEW OF SERVICERS–HOW THEY MAKE MONEY, WHEN THEY ARE AT BREAKEVEN AND WHY THEY MOVE TO PUSH FORECLOSURES AFTER THE MAXIMIZE THEIR PROFITS.

    THIS IS THE ONLY REVIEW OF THIS CONFLICTED INTEREST POSITION.

    Mortgage Servicing
    Adam J. Levitin† & Tara Twomey‡

    This Article argues that a principal-agent problem plays a critical role in the current foreclosure crisis. A traditional mortgage lender decides whether to foreclose or restructure a defaulted loan based on its evaluation of the comparative net present value of those options. Most residential mortgage loans, however, are securitized. Securitized mortgage loans are managed by third-party mortgage servicers as agents

  9. I would be interested to know who pays the robo signers and how much and secondly can they really and truely say they did not understand they were acting way outside their legal capacity, someone was getting booted out if their home here

  10. FDIC state clearly they sold servicing rights from indymac to onewest 93 percent. Indymac purportedly owned only 7 percent of the ” loans”( question why bother) so how does servicing rights equate to beneficiary wherr in the psa does it say f the investors they’ll never know! They are spread all over the globe deutsche customers to be precise

  11. ROGER STOTTS – Indymac/Onewest: I recently obtained a forensic handwriting analysis and CONFIRMED that there was forgery on my foreclosure docs. I sampled thirty Assignments of Deeds of Trust from the Orange County, CA recorder’s office and of those thirty, six different people signed Roger Stotts signature, according to the handwriting analysis. Please contact me if Roger Stotts is on your docs and I’ll gladly share the info.

  12. I have 3 of the best on my docs Brian Erica Johnson seck. Scott Walter and Roger stotts. For indymac onewest and deutsche bank trust hsbc ad trustee. darn they know a lot! Isn’t that fabulous ! WAtch my docket it’s gonna get interesting cv09-1587-phx-jat

  13. December 20, 2010, just lost in bankruptcy court, for lift of stay. Servicer admitted to not having the note and that Fannie Mae does. Also, admitted that FM bought the loan with a blank assingment. This blank was done to keep them as beneficiary. Judge Thurman ruled that case was not colorful enough. Can someone please explain?

  14. Links to the depos are available and working at:

    http://foreclosureblues.wordpress.com

  15. ERICA JOHNSON SECK DEPOSITION LINK FOR THOSE WHO WANT TO SEE THE SCAM THAT ONEWEST BANK OR INDYMAC FAILED BANK PERPERTRATED.

    http://www.scribd.com/doc/27859793/Indymac-Erica-Johnson-Seck-Depo

    FLORIDA DEPOSITION OF INDYMAC BANK FBS AND ONEWEST BANK FSB SHOWING BACK ROOM ASSIGNMENTS AND NOTARIZING HUNDREDS OF DOCUMENTS WITH OUT PERSONAL KNOWLEDGE … 1. Ms. Seck discloses …

  16. http://www.scribd.com/doc/45715323/National-Mortgage-News-Judge-Rules-MBIA-Could-Not-Tell-if-GMAC-Misrepresented-Loans-IN-REPS-AND-WARRANTIES

    The New York Supreme Court last week ruled that MBIA Insurance Corp. did not have any way to discover if GMAC Mortgage intentionally misrepresented the true nature of MBS that MBIA insured.

    “It is not clear whether MBIA could have discovered the alleged misrepresentations concerning the loan characteristics before entering into the insurance agreements,” Judge Bernard Fried wrote in his 15-page decision.

    MBIA is a structured-finance bond insurer owned by MBIA Inc. The holding company has been unable to write new policies since 2008 because ABS it insured wrecked its balance sheet, causing rating downgrades. The case against GMAC is one of 11 cases in which MBIA alleges various financial institutions induced it to wrap asset-backed securities that didn’t live up to stated underwriting standards.

    MBIA filed a complaint in April alleging that GMAC, one of the largest mortgage lenders in the country, “affirmatively misrepresented the quality of tens of thousands of mortgage loans” with a principal balance of $4.4 billion—loans that were then packaged into RMBS and insured by MBIA.

  17. The link to the depos is suspended…

  18. ERICA JOHNSON SECK AGAIN AS ATORRNEY IN FACT AND AGENT FOR DEUTSCHE BANK AS TRUSTEE

    http://www.scribd.com/doc/29053421/Discovery-Dbntc-Set-One-erica-Johnson-seck-DAVIES-V-NDEX

    THESE PEOPLE NEED TO GO TO JAIL. THE PEOPLE IN THIS COUNTRY NEED TO FIGHT THESE ASSHOLES.

  19. Johnson-Seck estimated that she spent no more than 30 seconds to sign each document.She explained … to check 100 percent of the debts and any figures for loans and bankruptcy,

    http://www.scribd.com/doc/28942248/Mers-Discovery-Admissions-Interrogatories-Davies-v-Ndex-West-3-15-2010-DBNTC-UAMC-NDEX-WEST-LLC-ONEWEST-ERICA-JOHNSON-SECK-ndex-uamc-uamcc

    PAGE 18 IS HER SCRIBBLE

  20. http://www.scribd.com/doc/45715055/National-Mortgage-News-New-Firm-Offers-Protection-From-Fraudsters

    THIS IS LIKE A BULL FIGHT. THE RED CAPE TO DISTRACT. THE LENDERS ARE THE “FRAUDSTERS” DO THEY THINK WE ARE STUPID OR IS IT THE SCAM ON AMERICA TO TELL LIES AND HAVE THE PEOPLE FALL IN LINE. AMAZING.

    The Novato, Calif.-based company said it created Lenders Misrepresentation Insurance to serve as a policy that protects lenders from buyback requests that are based on “material financial misrepresentation” in the borrower’s loan file.

    For a premium the LMI program provides loan level protection for three years.

  21. Bank of America Corp., JPMorgan Chase & Co. and four other mortgage lenders and service providers face a possible suspension of foreclosures in New Jersey by Jan. 19, under a judge’s order.

    http://www.scribd.com/doc/45712309/Bank-of-America-ONEWEST-BANK-FSB-and-Lenders-Face-Possible-Foreclosure-Freeze-in-New-Jersey-Bloomberg

    ONEWEST BANK CITED.

    The action, announced today by New Jersey Supreme Court Chief Justice Stuart Rabner, also covers Citigroup Inc.’s mortgage unit, Ally Financial Inc.’s GMAC mortgage unit, OneWest Bank and Wells Fargo & Co. The lenders were implicated in “robo-signing,” the submission of hundreds or thousands of foreclosure claims without personal knowledge of their contents, Rabner said.

  22. Dave,

    Agency is the game, and it must be pursued. Once the Title agent took the case for settlement he is acting as an agent for some entity, the lawyers, the mortgage brokers, even the real estate agents know this, that is why so many states in the union started requiring disclosures of such agencies, however, not all areas related to the mortgage mess disclose crap to anyone.

    In fact the most widely rule was to conceal info so the deal could close as quickly as possible. now

  23. Attorneys and trustees assigned a Fannie Mae mortgage loan can no longer be charged any technology or electronic invoice submission fees by the servicer or a third-party vendor used by the servicer effective Feb. 1, 2011.

    http://www.housingwire.com/2010/12/20/fannie-mae-prohibits-technology-vendors-from-charging-attorneys

  24. To Judge….I’m sure Jerry Brown didn’t include a “private right of action” for homeowner’s. He didn’t with CW.
    Does anyone know how attorney Mose’s is doing trying to enforce the CW settlement?

  25. Oh boy now they get to deny a whole bunch more mods !

    Wells Fargo Agrees To Estimated $2.4B In Calif Mortgage Modifications

    http://online.wsj.com/article/BT-CO-20101220-710394.html

  26. These depositions also reveal the differences between approaches used by attorneys. Some speak before they’ve had a chance to think their questions through and none attacked agency or positioned themselves towards agency. Alas. We’re getting there. http://www.cloudedtitles.com More attorneys are coming on board.

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