Banks Sending Out Satisfactions of Mortgage to Cover Up Crimes

Darline Spencer hit the bulls-eye once again. Here she talks about how one loan was multiplied into many loans all of which were sold to investors, but resulted in accounting anomalies that had to be covered up. Here is what she says:

Confusing but it appears as I have claimed initially. They took a real Mortgage and ballooned it into 10 mortgages and used them to move elicit funds thus when you research the accounting part of it you find trustees and investors have been paid even if borrowers paid or not paid their mortgage. Once the investment banks discover their error on tracking the difference and discovered the originating loans were hanging in the wind and ultimately the FDIC would be enquiring and auditing they had two choices. Send out satisfactory of loans or foreclose.

Multiple individuals I have met with received a satisfactory of loan when in fact they had not paid off their loan and were trying to re-finance. Ironically it made it through the courts and since the satisfactory of loan was sent to the borrower it stands. LOL It is like winning the lottery when you get a line of credit or a mortgage letter stating satisfactory of a debt and you did not pay it off! I had the please of meeting a lady that was in tears on the phone with her lawyer after receiving such a notice. Not understanding the notice she happened to ask me what it meant. I reviewed it and explained to her it is a court order satisfactory of loan from Bank of America in North Carolina. Trust me the banks are truly covering up their fraud if they are paying off loans just to destroy a paper trail. IRONIC isn’t it! I can tell you this she will not be calling the bank complaining! P.s. This has also occurred on lines of credit borrowed against mortgages and they have also miss-used reverse mortgages. They truly were focused on profits and moving elicit funds that they forgot to take care of the base (Chain of Custody) failed GOTCHA GOTCHA with your hand in the cookie jar!

55 Responses

  1. Thank you for all of this information. You are a very intelligent man. If there were more like you, we would all be in a much better place! I stayed up all night reading your articles, and have learned so much! Wish you were a judge.
    Thanks Again
    Laure

  2. LDTX ***URGENT*** PLEASE READ***
    Sometimes when we don’t have legal counsel to represent us we bite off more than we can chew. This is what I did. I hired a Mortgage Investigator to find out who is the owner and holder of my note due to all of the fabricated documents in land and county records. After requesting a Blue Ink Promissory Note through a qualified Written Request and being told by Bank of America that Bank of New York Mellon was owner/holder of loan and note and finding out this in fact is not true, I did find out who Bank of America and Recontrust are fabricating document for in order to foreclose on my property. His name is Matthew B Fenster out of Rhode Island. He is CWABS, Inc. and is going under the name of Embrace Home Loans. Here is the even bigger problem… If you go on to NMLSconsumeraccess.org and type in the Search Bar CWABS, Inc. you will receive a NML ID Number which is 149713. Clear the Search Bar and type in 149713 and hit search. This will tell you 2 Matches Found using 149713. The two matches bring up CWABS, Inc. 4500 Park Granada, Calabasas, CA
    91302 and NML ID 21524 which is Matthew B Fenster, Newport RI
    If you then take NML ID 21524 it will say 5 matches found beginning with Matthew B Fenster. From what I can see, if you keep doing the research you have uncovered one of the largest mortgage fraud rings ever. There have been more NML ID’s with different Lender names Loan companies that it will literally make you sick to your stomach. This fraud is so big that I just came to the conclusion that nobody will believe me and they will think I am totally crazy. The OCC, the U S Attorney General, Local Law enforcement, nobody will take this seriously. Probably none of you on this blog will take it seriously. If you don’t then I do not know what to tell you. Embrace Home Loans is a fraud. 209 Complaints on the Better Business Bureau. 52 people not satisfied with results of complaint. In Business since 2009,
    Embrace Home Loans, Inc. (NMLS ID#2184) is licensed in AL, AZ (Lic#0906375), AR, CA Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, CO (Lic#096162) Regulated by the Division of Real Estate, CT, DC, DE, FL, GA (Lic#12848), IA, ID, Illinois Residential Mortgage Licensee, IN, KS Supervised Lender Licensee (#SL.0000625), KY, LA, MA Mortgage Lender & Mortgage Broker (Lic#MC2184), MD, ME, MI, MN, Mississippi Licensed Mortgage Company, MO, NC, ND, NE, Licensed by the New Hampshire Banking Department, Licensed by the N.J. Department of Banking and Insurance, NM, NY Licensed Mortgage Banker-NYS Banking Department, OH, OK, OR (Lic#ML3228), PA, Rhode Island Licensed Mortgage Lender and Mortgage Broker, SC, SD, TN, TX, UT, VA, WA, WV, WI. (www.nmlsconsumeraccess.com)

    What I now know is this is CWABS, Inc., and Mr. Fenster is foreclosing on properties through Recontrust N.A., Bank of America, N.A. Mortgage Electronic Registration Systems Inc., saying that Bank of New York Mellon is the Owner/Holder of the Note which is all in fact fraud. Documents are being fabricated, foreclosure documents are in fact not real, and this man has over 3 Billion Dollars invested in CWABS, Inc., and is stealing the homes and doing it all over again.

    ****URGENT*** PLEASE READ***

  3. Bob, A little humor just in time for Christmas and the New Year.

  4. When pressed further, the NSA spokesman said: “It’s Bush’s fault.”

  5. Way to go, Bob. MS’ posts have always been a mystery.

  6. BREAKING NEWS !

    NSA claims that although it does not presently have the capability to decipher and decode Masterservicer’s posts here, it expects to be able to do so within 3 years.

    When asked by reporters why the NSA hasn’t been able to crack Masterservicer’s posts after having assigned hundreds of its best cryptologists to the task for the last four years, an NSA spokesman said that

    “Masterservicer’s posts are extremely complicated. We suspect that they do not originate from this planet, or perhaps even this galaxy. Other than that, we have no further comment at this time.”

  7. The member banks exposure for every $100,000 in loan is its Tier I Capital totaling $ 2,000.00. The Depositors Account is calculated at a 0.02% opening balance.

    The loans disbursements are by the ABA Wire totaling $100,000.00
    upon a originators depositing the Haircut calculated at 0.05%. The curtailment equals the servicer’s Annual Debt Service “ADS” using a coupon of 5% or 5,000.00.

    The master servicer is administering a Life of Loan totaling 20.00 years or 120 months. Using a private placement and advance of the originators haircut the borrower debt service is prepaid for the five years using an 80 20 combo loan devices sold as a HELOC

    The value of the mortgage that is de-recognized frees the title and causes it to be free of liens and encumbrances transferring the households equity into the depositors account as trust Common Stock for the fce value of the note . Under FAS 140 the note is transferred into a 100,000.00 Zero Coupon Bond ‘

    By discounting the Deed of Trust the sponsor can create dual consideration or twice the value of the loan under an accelerated 20 year proforma totaling 100,000.00

    The value of the dual consideration is used in the formation of Preferred Trust Shares using a notional value and bond holders coupon create the platform to sell 30 day commercial paper swapped for 90 120 & 180 day LIBOR using Mers Corp and a 1031 exchange under the issuers selling TPS totaling 1,136,363.64

    The value of the Tier 1 capital , discounted yields and prepaid interest results in Paid in Capital totaling 1,241,363.64.

    That’s $1.2 million off a $2000 investment

    I can provide the balance of the supporting discovery to support all claims made herein, with a detailed trading history and resume upon engagement

    Listen to the constructive arguments – they never seem to emerge here from the critics . Or listen to their unsubstantiated manacle non- sense

    registerclaims@live.com

  8. Editor – They took a real Mortgage and ballooned it into 10 mortgages and used them to move elicit funds thus when you research the accounting part of it you find trustees and investors have been paid even if borrowers paid or not paid their mortgage.

    **g**i**b*b**e**r**i**i**s**h

    Where is my satisfaction of Mortgage?

    MS – Look, the note is de-recognized and US Banks are tax payer corps. reporting under the International Accounting Standards Board . Why ? Off shore accounts and oversea transfer of assets by member bank Private Placements

    Here is how they transfer household equity into each indenture and then sell off as five year depositors demand notes

    But what about Ginnie Mae, Fannie Mae and Ely Mae Clampet. I dont know, call Jed and Milburn Dysdale or maybe Mr Howell.

    Your note is void until the time or recognition and that is triggered by a FDCPA Lawyer filing an abandonment claim for your title.You think I am making this up – Look at the 1099’s people receive at year end post foreclosure

    Jump on board and get off the bull cry baby arguments. You must file for an IRS sanctioned “release of Lien” the lender is using to reconstitute value

    registerclaims@live.com

  9. Benjamin Freedman explained what happened with money dominance long before the Money Masters film (1990’s).
    This was probably taped in the 50’s or 60’s.

  10. The Money Masters

    How Banks Create 90% of the World’s Money
    ..

    Home
    Order

    .

    Synopsis/Chapter Headings
    Famous Quotations on Banking

    ..

    If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)

    “I believe that banking institutions are more dangerous to our liberties than standing armies.” – Thomas Jefferson

    … The modern theory of the perpetuation of debt has drenched the earth with blood, and crushed its inhabitants under burdens ever accumulating. -Thomas Jefferson

    History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance. -James Madison

    Issue of currency should be lodged with the government and be protected from domination by Wall Street. We are opposed to…provisions [which] would place our currency and credit system in private hands. – Theodore Roosevelt

    Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson
    This was predicted ions ago and this is the results that millions have lost their properties to fraud by Banks, and Title companies. Time for us to get our properties back. l hope AG HOLDER WILL START WITH THEM IN HIS 2014 INDICTMENTS.

  11. Purrfect!

    Many Blessings To All!
    Have a Safe and Wonderful Holiday Season!

  12. RE: They truly were focused on profits and moving elicit funds that they forgot to take care of the base (Chain of Custody) failed GOTCHA GOTCHA with your hand in the cookie jar!

    “Scratch that One”

    Teeheeheehe

  13. How do I know? I tried to enforce the conventional 30yr mortgage and note that was offered..

    Guess What? It cant be done!

  14. IAN.. Neil said ..
    “Send out satisfactory of loans or foreclose”

    KC says …
    THERE IS NO MORTGAGE ON THESE LOANS TO BEGIN WITH. There is No lien. There is no need for a satisfaction of Mortgage!

    Satisfaction of loan? Ok. TARP

    But there is more to it than just that Neil, and you know it!
    What docs need filed and recorded?

    Systematic Fraud ..700,000 loans…more?

  15. Hey Neil-
    What is a
    ‘Satisfactory of mortgage’. ? Spelled the same way 4 times, so it’s not a typo- when we are all hanging on every word, it is important that every word be properly spelled. Thanks.

  16. Recontrust isn’t budging. They are determined they are going to take my house on 1-07-2014. They have no fear of the fradulent documents they have put their names on. They want this house no matter what. Well sorry Bank of America Recontrust Mortgage Electronic Registration Systems, Inc, Substitute Trustees,
    America’s Wholesale Lender, Bank of New York Mellon, you are not going to get this home. If anything when I get finished you are going t be writing the check. Michelle Sjolander your false rubber stamp on 1 out of 3 copies of the promissory note is total BS. Not one of you have told me who the owner/holder of the note is for CWABS 2007-2.
    Recontrust you say MERS is the beneficiary and nominee for Bank of New York Mellon and MERS appointed Recontrust as Trustee but you can’t show me the appointment of trustee. You want me to believe that the Assignment of Deed of Trust filed 4 years and 9 months after CWABS 2007-2 pool closed that that is a good assignment of trust. You do not believe that you have to abide in the rules and laws of New York under the PSA. None of that matters. You think you own every single house you put your hands on. Just look at the tax appraisal district in pull up Bank of New York Mellon as the owner who has a address of 101 Barclay St in New York.
    The address in the appraisal district doesn’t show BONY Mellon as the owner, how about Chase Bank, Bank of America, Ocwen, Argent Bank, New Century Bank, HSBC, GMAC and the list goes on and on. However BONY your employee is the MBS Department writes
    Bank of New York Mellon is not the owner/holder of note or loan, BONY Mellon has no say in Loan Modifications, fees. BONY Mellon has no say in how the servicer disposes of the property.

    Let me ask you all a question! If that statement is true and BONY Mellon was to stand up in court and say that, wouldn’t anybody of intelligence ask then how is the Servicer Bank of America and the Trustee Recontrust foreclosing on the property. What right do you have to take this property? Enough said. I have not seen anything in writing showing me who I owe a debt too. Who is the Lender? America’s Wholesale Lender a Corporation existing under the Laws of New York in 2007 questionable. So how did MERS become nominee and beneficiary on a administrative capacity become the note holder? Didn’t America’s Wholesale Lender have to by transfer of sell or endorsement sign of the note to the DOT? Now MERS is owner/holder of the note supposedly but sells the note to Bank of New York Mellon. Where is the transfer of sell or endorsement again? All of you claim you are not a Creditor but yet you are acting as a Creditor who is owed money by the borrower. Lies Lies Lies and more Lies.

  17. They should be scared. But I think they are doing it before BofA closes its doors. They are no longer to big to fail. They should fail.

    I hop Ocwen Loan Servicing goes down too. All they are bill collectors. That is it. Yet (IMHO) thieves. Wells Forgo is the other bank….

  18. Oh, yeah! Quick, throw that stuff over the side before they find it. I find this post even more interesting, because it smells like a little bit of a turnaround for American homeowner. Somebody is running scared and that is a very good thing.

  19. Leah Dean

  20. Leah
    Remember, We all have (if we can) help each other. You never know… you may have information or knowledge of something I may have missed. Before all this, I had no idea of even how to look for a single document. I have always just been a working bee. We cannot allow the banks to take the American Dream from any of us. We have worked so hard for what we have form these thieves to just come into our lives, lie to us because of our ignorance and then take it all away just like that… NOT FAIR. It is not how this Country was created. If we let them, they will turn this great country into a third world country where we all become theirs slaves. THIS IS NOT NORTH KOREA. We should know better. Let me know if there is anything I may be able to help with.

    Take care.

  21. @Agente777
    I have all of those records which I got copies and paid $65.00 to have certified in December 2011. Here is what I have also found by looking for CWABS 2007-2, Bank of New York Mellon, Bank of America CWABS 2007-2 is (1) Assignment of Deed of Trust by Mortgage Electronic Registration Systems, Inc. filed October 4, 2011. That is 4 years and 9 months after pool closed. I have found 3 Appointment of Trustee documents. These documents were filed January 31, 2012, June 10, 2013, and August 9, 2013. I wonder if the Reconveyance could be under one of the 30 Appointment of Substitute Trustee’s names for Recontrust such as Jeff Leva, and many others for Recontrust. Guess I have more homework to do. Thanks everyone for taking the time out of your personal lives to help. It is much appreciated. You have no idea how much.

  22. John and all
    as Bill Black says start searching and you will find — start with Foleys bio and connections Back in 2008 it was one of FIDELITY’S title attorneys Thomas Malone and his partner in crime David K Fiveson Esq that paid a bribe to JUDGE Alice Schlesinger to allow their clients to stay in my two condos with forged deeds.

  23. JG
    if everyone searches hard enough, I imagine many will find a connection between WILLIAM P FOLEY CEO of FIDELITY Orchestrating the fraudulent foreclosures in all the states.
    i think I remember Foley started out as; an attorney in titles with a Texas Bank.

  24. IF YOU WANT TO FIND A SATISFACTION- do not use your Property Identification Number, In my experience. My parents have 3 mortgages and 1 construction – they swore they only made 1 mortgage.
    The last satisfaction- on a mortgage they still had when we got a mortgage on the property – but they were not aware of (??)
    It does not state the physical property address nor the PIN,nor any money amounts of anything. It does however, have the “govt lot __ zone __ north __ section__” thing. If I look up my property- I will not find it, even by the legal description. Dig, dig, dig.

  25. There’s something rotten, and it’s not in Denmark. It’s in
    LEWISVILLE, TX. Been on my mind for quite a while now because many roads seem to diverge there. I think it first came to my attention over some case about a title insurance scam operation a few years ago and then it was this and then it was that. I wanted to iinvestigate, but well, we know how that goes. Maybe something else will or at least people will stay alert for Lewisville. I was looking thru some old notes about a case involving EMC today. My notes say the address for MERS on the poc (old bk case) is:

    “MERS Bankruptcy Department
    PO Box 293150
    Lewisville, TX 75029-3150”

    MERS bankruptcy department?!

  26. @LDeanTX
    I found it,
    This link is to search for documents: http://www.cclerk.hctx.net/applications/websearch/RP.aspx
    type Dean no dates no name just Dean under Grantor. Go to page 29 and scroll down
    Three documents recorded. Did not see a conveyance or reconveyance but check it out

  27. LDeanTexas
    I know here in New York Fidelity Title is very much involved with the fraudulent land transfers at the County Registers office

  28. @Leah
    under who’s name is the house? Exact name and when was it purchased?

  29. I search under my last name, first name and middle initial

  30. Leah
    what county are you in?
    are you searching in the official records site?
    Let me know, I may be able to help you located the files on line if they have them. Not all counties have them available. My county will post the recordings but will not show the document on line. I would have to go directly to the county recorders office and pay for a copy. not expensive..

  31. Oh, I’m sorry that link does not include TX.

  32. LDeanTX,

    You need a title abstract. Call a title abstractor in your area.

  33. Register of deeds? search by your name? In most cases, major counties have gsi, roam, etc software but I have not researched this county. If you can’t find it, send me a private email with your name and address, I’l give it a shot.

  34. Trying to figure out how to find a re conveyance in Land Records.
    Not sure how to look for it. I have tried the Tax Parcel ID and Lot and Block. Nothing is coming up. Can anybody help me with finding this information in the Harris County Clerks office Texas?

  35. James,

    Good start but my guy isn’t on it. Nor is a crusader I know from NJ and a few others in different states. Many good attorneys with proven results are missing and those listed have become very, very expensive.

    LDeanTX,

    Look everywhere, don’t close any door and ask for referrals. Help is out there.

  36. LDeanTX,

    I know TX is a huge state and I have no idea of the distance from Houston to El Paso. If Roman is too far, ask him a very simple question: “Who does he know that he could recommend in Houston.” Never stop any conversation with anyone without getting a referral.

    All the fighters know each other. They meet, they attend the same seminars and conference and they very much think alike. They all know attorneys everywhere in their state who practice the same law they do.

    Your mother was very astute. Write me directly. Cbrightlife@aol.com.

  37. @Christine
    You know, sometimes you just have to do what you can for yourself and I know now I have done all I can do. I have a case number with the Texas Attorney General’s office and a file in El Paso TX in regard to what is going on with my property. I think Greg Abbott and his staff just tuck it away and think it is gone forever. Texas Attorney General has really done nothing at all to help Texans who are going through this. You would think they would put programs in place to train our County Clerks what to look out for and how to spot document fraud. When I was laid off for nearly 2 years and was trying to get a loan modification, I had received a NOD. It came from Recontrust and thank goodness my mom was here with me. My mom and step-dad had been paying my house payments for these 2 years I was out of work. The NOD read my original mortgagee is Mortgage Electronic Registration Systems, Inc and my Current Mortgagee is Bank of New York Mellon. It was at that very moment my mom and I decided it was time to go to the courthouse and get a Certified Copy of my Deed of Trust. When we got there, I paid $65.00 for the certified copy and the only place I saw MERS was at the bottom of the page MERS Doc and as a Grantor which was nominee and beneficiary in a administrative capacity but never mentioned anything about Pooling and Service Agreement, Bond, Pool etc.. My mom said that is it I am not paying another dime until I know who is receiving my money. It was 2009-2010. Bank of America finally came back with a 3 month trial offer for a Loan Modification and made my payments go from $864.00 per month to almost $2,000.00 per month. I made 2 payments said I was not signing the modification because I could not afford to not feed my family and that was that. It was then and all the way up until this very day, I spend hours of hours doing research trying to save my home. Thanks for telling me about Mr. Roman. Hopefully he will want to talk to me but I am in Harris County, Houston TX.

  38. @Agente777
    I know what you mean. Our county clerks in Harris County like to use this phrase when you ask a question. We are clerks and do not give legal advice. Duh ya think!! Especially since all you can do is grab hold of a document that has fraud written all over it and file it in the records. With today’s technology, when you see a list of robo-signers Stan Stanart, could you possibly get off your lazy bazook and put a bulletin up for your employees to see? No we will just record the documents and let the owner of the records figure it out.
    That is about how our County is. Like I said, even the appraisal district. Oh it says Bank of New York Mellon is the owner and this is their address. Hey lazy Tax Accessor is it too difficult for you to look at complaints and realize our properties are being stolen? Had about enough of that too. I have spent so much money in land records purchasing public documents with notary fraud, attorney-in-fact forgery of names etc. I don’t think these days you have to be a very smart person to be a County Clerk or a Tax Accessor and Collector.

  39. Neil,
    RE: ” they had two choices. Send out satisfactory of loans or foreclose. ”

    Can you expand on this? Tell us how they determined who would get fc on and who would get the satisfaction of the loan.

    Could this be based Litigation Costs? I mean lets be honest here,,, they were looking for more than a release of liability, an admissions in those mods ….

    ***** the app itself was an admission of the debt.*****

    They wanted a list of all your household assets (everything you own), a list of you debt and monthly payments, your INCOME.

    Basically if you had the ability to litigate them?
    Was that the deciding factor on who got perm mods and who didn’t? Is that why low income areas were hit the hardest?

    I know .. I know … You don’t answer legal questions here. lol

  40. correction: Then people get mad about anything the pres is supposedly to have said about US Citizens when last I checked the banks employees, the realtors, the man with the gun, and the title insurance companies are all US “citizens”.

  41. Dear borrower,
    Sure we robbed, raped, and pilfered your assets but since we’ve been caught or will be caught once the FDIC looks at our books, well, rather than have the fraud discovered, especially for the times we neither admitted or denied wrongdoing, and rather than have someone discover we were the terrorist, whom through terroristic acts, we caused the evacuation of a building you owned by sending a man with a gun to put his hands on you and your property to remove you, and rather pay you treble damages for what we’ve done to you, we’ll give you title to the house, now. Have a good day.

    There is something wrong when an entity operating within the United States, and subject to the jurisdiction thereof, uses a power it does not have, nor was it delegated to them by Congress, to rob the People who are the Creditors and the true energy of the country of their means of shelter under the disguise of an unconscionable ‘trust agreement’.

    There is something even more wrong when the trustees that are lawyers and the judges that are lawyers and the lawyers hired to represent the interest the living People have in their shelter, all turn a blind eye to the right and take what is left whether it is forged, fraud, fabricated and dispossess the people from their own property they labored their life to upkeep for shelter.

    Then people get mad about anything the pres is supposedly to have said about US Citizens when last I checked the banks employees, the realtors, the man with the gun, and the title insurance companies are all US employees.

    The lawyers are supposedly tied to the BAR and outside the jurisdiction of the United States, and would be considered foreign yet in their foreign status they managed to participate in the transfer of real estate from the People it belongs to through administrative means the People do not comprehend.

    If they go to school for years to learn to do what they do to take our property, how can we learn in 21 days what to do to stop them?

    Tsk. tsk. tsk.

    Trespass Unwanted, Creator, Corporeal, Life, People, Independent, State, In Jure Proprio, Jure Divino

  42. @LDeanTX
    I went and look for all the documents that were recorded under my property. I found two. A Conveyance and a few days later (5 moreless) a full reconveyance. At my county they will not help you find anything. They will simply point to the computer and tell you to start the search. I when through all the documents from the deed of trust to the last document recorded. Leah, keep us informed on the call you got from Fannie M. wish you the best.

  43. And just an FYI from 2003. Very rare to go from judge to crusader. Usually, it’s the other way around.

    “Gov. Perry Announces Appointment of Richard A. Roman As Judge, 346th Judicial District Court
    Thursday, February 27, 2003 • AppointmentShare on printMore Sharing Services
    TweetinShare.

    AUSTIN – Gov. Rick Perry today announced the appointment of Richard A. Roman of El Paso to serve as judge of the 346th Judicial District Court, which covers El Paso County. Roman was appointed to a term that will run until the 2004 general election, when he can opt to run for a full term.

    Roman is an attorney with a private practice in El Paso. He is a member of the State Bar of Texas and the El Paso Bar Association. He was appointed to the Texas Board of Dietitian Examiners in 1999 by then-Gov. George W. Bush, and Perry appointed Roman as judge of the 327th Judicial District Court. Roman also previously served as a board member for the El Paso Hispanic Chamber of Commerce.

    He received a bachelor’s degree from the University of Texas at San Antonio and a law degree from the Thurgood Marshall School of Law at Texas Southern University.

    This appointment is subject to Senate confirmation.”

    Interestingly, Roman was one of the first ones to really take on MERS. And he’s made some serious headway.

  44. LDeanTX,

    Forgot to give you his info:

    Richard A Roman Attorney
    Address: 505 E Rio Grande Ave, El Paso, TX 79902
    Phone:(915) 351-2679

    Except for one disgruntled person, he gets raving revues from everyone he’s helped. Don’t get put off by it: my own attorney has one similar complaint from someone who probably had unrealistic expectations. Didn’t stop him from winning in my case. What matters is that those guys are out in the field, doing the work. Interestingly, they don’t come here to waste their time posting.

  45. GOTCHA …
    They just never learn …
    Keep your hands out of the Cookie Jars!
    When you get caught ………

    SCRATCH THAT ONE!

    *snickers and snorts*

  46. I agree Bob, I wrote the post quickly. I may have lacked clarity and you interpreted the post backwards.

  47. @James

    You have been misinformed. There are no REMIC mortgage notes in 401Ks. There may be REMIC MBS, but not the actual notes.

    Moreover, the mortgage notes do not have CUSIPs. The MBS tranches have CUSIPs. So if you see the same CUSIP in different 401Ks, you’re not seeing anything illegal or unusual. All you’re seeing is the MBS associated with a particular tranche (CUSIP) in different 401Ks. No different than seeing IBM stock with it’s own CUSIP in different 401Ks.

    Sorry, but it is just that simple.

  48. @Agente777
    How did you find that Rull Reconveyance in the County Recorders Office? I would like to see if I can find one on my property.

  49. Kaboom! And the hits just keep on comin’!

  50. Mr. Reed, Do you have any idea how large the mortgage/ REMIC numbers? I’ve been trying to isolate within 10% but the more I dig, the more I find. Short of prison for Jamie Dimon and the gang coupled with seizing their ill created assets……… can we even hope to recover? Clearly the big banks, wall street and insurance companies failed properly convey notes & deeds and we citizens / victims should of seen justice in 1995 by shutting down MERS as a starting point. But now…….. Is it realistic to just come “clean” in regards to securities issues?

  51. I believe as I been saying that a loan placed in a pool with a blank Note without a purchase as with Ginnie Mae can never do anything because the Note is separated from the debt. When this happens there is no way to pay this loan off because the Note holder in Ginnie Mae cannot accept payments, and cannot have a surrogate act in a manner where the holder cannot act for itself.

    A loan placed into a Ginnie Mae MBS need a financially interested party to payoff it there is a debt, when it refinances, modify or simple the loan has completed its term.

    The loans payments go to pay the “investors” who have purchase the MBS who are not the lender so the monies pay are actually never used to pay the loan down because its impossible using conventional accounting method, because the monies don’t come back to a service as the payment are a pass-through payments.

    Look I telling you they got a mess going on, and its simply at this point to point out the fraud! I think that with the Justice Dept and the new charges in the first of the year the bank will at least have to come clean of the securities issues, just to get it over with!

  52. While auditing the sales side of a REMIC sold to 401k, investors, etc. I find that the loan is normally listed repeatedly. Not counting splits, they match the CUSIPS ID#. (fake identities issued by MBA & Standard Poor’s) What I fear we are missing, its the default insurance. Are they insuring at 50% or 300%. Its difficult at times to locate but check the monthly trustee statements and you will eventually find individual CUSIP insured without details. Are these policies payable the “participants”, “Investors” or some third party? Does the FDIC even audit REMIC trusts? How do we verify Feds $85B MBS buyouts. While I agree with the author, I think there are more fraudulent profit centers tied to these Trusts.

  53. Where is my satisfaction of Mortgage?
    I have paid in the past 9 years over $400k in interests. and still owe a lot more. I know my NOTE was paid in full. GMAC recorded a Full Reconveyance in the county recorders office in 2008…

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